Crossfirst Bank Mortgage Rates, Fees & Info
Leawood, KSLEI: 5493005XMSZYL5SAEF41
Tax ID: 20-5104953
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Bank Data
Review & Overview
Crossfirst Bank is a smaller bank specializing in Home Purchase and Refi loans. Crossfirst Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Phoenix, Wichita, Kansas City, and Kalispell among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)Crossfirst Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
180Origination Dollar Volume (All Markets)
$239,970,000Employee count
352Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 23 | $57,165,000 | $2,485,435 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 8 | $47,240,000 | $5,905,000 | $0 | 0.00% |
| WICHITA, KS (FHA|USDA|VA) | 29 | $29,045,000 | $1,001,552 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 29 | $23,835,000 | $821,897 | $0 | 0.00% |
| Kalispell, MT (FHA|USDA|VA) | 3 | $21,745,000 | $7,248,333 | $0 | 0.00% |
| Outside of Metro Areas | 12 | $15,590,000 | $1,299,167 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 28 | $13,310,000 | $475,357 | $0 | 0.00% |
| Edwards, CO (FHA|USDA|VA) | 3 | $5,225,000 | $1,741,667 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $4,410,000 | $1,102,500 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $4,005,000 | $4,005,000 | $0 | 0.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $4,005,000 | $4,005,000 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 25 | $3,985,000 | $159,400 | $0 | 0.00% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $2,475,000 | $2,475,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $2,025,000 | $2,025,000 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,225,000 | $1,225,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| Athens, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 180 | $239,970,000 | $1,333,167 | $0 | 0.00% |
For 2021, Crossfirst Bank's most frequently originated type of loan was Conventional, with 180 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 105 | $166,305,000 | $1,583,857 | $0 | 0.00% |
| Refi | 65 | $69,175,000 | $1,064,231 | $0 | 0.00% |
| Other | 10 | $4,490,000 | $449,000 | $0 | 0.00% |
For 2021, Crossfirst Bank's most frequently cited loan purpose was Home Purchase, with 105 originations. The 2nd most popular reason was Refi, with 65 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 180 | $239,970,000 | $1,333,167 | $0 | 0.00% |
For 2021, Crossfirst Bank's most frequently cited loan duration was Other, with 180 originations.
Loan Sizing
2021 saw Crossfirst Bank place emphasis on $1MM+ loans with 62 originations, totaling $200,180,000 in origination value.
Applicant Income
Crossfirst Bank lent most frequently to those with incomes in the $250k+ range, with 65 originations. The second most popular income band? $150k-250k, with 27 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 180 | $239,970,000 | $1,333,167 | $0 | 0.00% |
Crossfirst Bank lent most frequently to those with DTI ratios of Exempt%, with 180 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.70%
Crossfirst Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.11%
Crossfirst Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 180 | $239,970,000 | $1,333,167 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Crossfirst Bank | 11440 Tomahawk Creek Parkway Leawood, KS 66211 | Full Service B&M | $193,714 |
| Crossfirst Bank | 2021 Mckinney Avenue, Suite 800 Dallas, TX 75201 | Full Service B&M | $620,589 |
| Crossfirst Bank | 3000 Internet Boulevard, Suite 150 Frisco, TX 75034 | Full Service B&M | $36,048 |
| Crossfirst Bank | 4622 Pennsylvania Ave, Suite 1500 Kansas City, MO 64112 | Full Service B&M | $288,507 |
| Crossfirst Bank | 4707 West 135th Street Leawood, KS 66224 | Full Service B&M | $1,217,006 |
| Crossfirst Bank | 5001 Gaillardia Corporate Place Oklahoma City, OK 73142 | Full Service B&M | $358,745 |
| Crossfirst Bank | 7120 South Lewis Avenue Tulsa, OK 74136 | Full Service B&M | $562,938 |
| Crossfirst Bank | 9451 East 13th Street North Wichita, KS 67206 | Full Service B&M | $1,109,917 |
For 2021, Crossfirst Bank had 8 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $193,149 |
| Net interest income | $168,787 |
| Total noninterest income | $18,400 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $4,579 |
| Trading account gains and fees | $343 |
| Additional Noninterest Income | $13,478 |
| Pre-tax net operating income | $94,981 |
| Securities gains (or losses, -) | $-5,302 |
| Income before extraordinary items | $71,528 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $71,528 |
| Minority interest net income | $0 |
| Net income | $71,528 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $75,769 |
Crossfirst Bank's gross interest income from loans was $193,149,000.
Crossfirst Bank's net interest income from loans was $168,787,000.
Crossfirst Bank's fee based income from loans was $4,579,000.
Crossfirst Bank's net income from loans was $71,528,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $24,362 |
| Provision for credit losses | $-4,000 |
| Total noninterest expense | $96,206 |
| Salaries and employee benefits | $54,969 |
| Premises and equipment expense | $10,716 |
| Additional noninterest expense | $30,521 |
| Applicable income taxes | $18,151 |
| Net charge-offs | $12,920 |
| Cash dividends | $0 |
Crossfirst Bank's interest expense for loans was $24,362,000.
Crossfirst Bank's payroll and benefits expense were $54,969,000.
Crossfirst Bank's property, plant and equipment expenses $10,716,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 1.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $4,700,313 |
| Deposits held in domestic offices | $4,700,313 |
| Deposits by Individuals, partnerships, and corporations | $4,243,522 |
| Deposits by U.S. Government | $1 |
| Deposits by States and political subdivisions in the U.S. | $232,303 |
| Deposits by Commercial banks and other depository institutions in U.S. | $224,487 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $1,716,164 |
| Demand deposits | $1,582,824 |
| Nontransaction accounts | $2,984,149 |
| Money market deposit accounts (MMDAs) | $2,359,761 |
| Other savings deposits (excluding MMDAs) | $0 |
| Total time deposits | $624,387 |
| Total time and savings deposits | $3,117,489 |
| Noninterest-bearing deposits | $1,179,940 |
| Interest-bearing deposits | $3,520,373 |
| Retail deposits | $4,379,231 |
| IRAs and Keogh plan accounts | $51,334 |
| Brokered deposits | $91,016 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $5,612,772 |
| Cash & Balances due from depository institutions | $476,075 |
| Interest-bearing balances | $451,488 |
| Total securities | $748,178 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $4,197,838 |
| Loan and leases loss allowance | $58,375 |
| Trading account assets | $11,305 |
| Bank premises and fixed assets | $65,377 |
| Other real estate owned | $1,147 |
| Goodwill and other intangibles | $130 |
| All other assets | $112,722 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $5,612,772 |
| Total Liabilities | $4,966,745 |
| Total deposits | $4,700,313 |
| Interest-bearing deposits | $3,520,373 |
| Deposits held in domestic offices | $4,700,313 |
| % insured (estimated) | $49 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $11,322 |
| Other borrowed funds | $236,600 |
| Subordinated debt | $0 |
| All other liabilities | $18,510 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $4,197,838 |
| Loan and leases loss allowance | $58,375 |
| Total loans and leases (domestic) | $4,256,213 |
| All real estate loans | $2,484,231 |
| Real estate loans in domestic offices | $2,484,231 |
| Construction and development loans | $578,753 |
| Residential 1-4 family construction | $117,318 |
| Other construction, all land development and other land | $461,435 |
| Loans secured by nonfarm nonresidential properties | $1,276,056 |
| Nonfarm nonresidential secured by owner-occupied properties | $355,057 |
| Commercial real estate & other non-farm, non-residential | $920,999 |
| Multifamily residential real estate | $195,400 |
| 1-4 family residential loans | $429,005 |
| Farmland loans | $5,017 |
| Loans held in foreign offices | $0 |
| Farm loans | $296 |
| Commercial and industrial loans | $1,728,374 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $26,316 |
| Credit card loans | $0 |
| Related Plans | $10 |
| Consumer Auto Loans | $24 |
| Other loans to individuals | $26,282 |
| All other loans & leases | $30,404 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $30,404 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $10,935 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $25,218 |
| Non 1-4 family restructured loans & leases | $22,036 |
| Total loans and leases (foreign) | $0 |
CrossFirst Bank had $4,197,838,000 of loans outstanding in 2021. $2,484,231,000 of loans were in real estate loans. $578,753,000 of loans were in development loans. $195,400,000 of loans were in multifamily mortgage loans. $429,005,000 of loans were in 1-4 family mortgage loans. $296,000 of loans were in farm loans. $0 of loans were in credit card loans. $24,000 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 145 | $63,449 | $437,579 |
| Nonfarm, nonresidential loans - <$100k | 2 | $89 | $44,500 |
| Nonfarm, nonresidential loans - $100-250k | 29 | $4,777 | $164,724 |
| Nonfarm, nonresidential loans - $250k-1MM | 114 | $58,583 | $513,886 |
| Commercial & Industrial, US addressed loans - <$1MM | 878 | $117,893 | $134,274 |
| Commercial & Industrial, US addressed loans - <$100k | 443 | $11,377 | $25,682 |
| Commercial & Industrial, US addressed loans - $100-250k | 183 | $19,175 | $104,781 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 252 | $87,341 | $346,591 |
| Farmland loans - <$1MM | 5 | $1,144 | $228,800 |
| Farmland loans - <$100k | 1 | $19 | $19,000 |
| Farmland loans - $100-250k | 2 | $408 | $204,000 |
| Farmland loans - $250k-1MM | 2 | $717 | $358,500 |
| Agriculture operations loans - <$1MM | 1 | $296 | $296,000 |
| Agriculture operations loans - $250k-1MM | 1 | $296 | $296,000 |