The Cape Cod Five Cents Savings Bank Mortgage Rates, Fees & Info

Hyannis, MA

LEI: 5493007XQ02VMXYJYJ21

Tax ID: 04-1149070

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    The Cape Cod Five Cents Savings Bank is a smaller bank specializing in Home Purchase loans. The Cape Cod Five Cents Savings Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Barnstable Town, Boston, Vineyard Haven, Providence, and Worcester among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Cape Cod Five Cents Savings 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. The Cape Cod Five Cents Savings Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.50% 11/17/24
    30 Year Conventional Purchase 5.66% 11/17/24
    30 Year Conventional Refi 5.87% 11/17/24
    30 Year Cash-out Refi 5.72% 11/17/24
    15 Year Conventional Purchase 5.49% 11/17/24
    15 Year Conventional Refi 5.67% 11/17/24
    15 Year Cash-out Refi 5.67% 11/17/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    The Cape Cod Five Cents Savings Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from The Cape Cod Five Cents Savings Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    2,813

    Origination Dollar Volume (All Markets)

    $903,525,000

    Employee count

    525 Show all (6) awards

    Top 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
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 2,185 $605,505,000 $277,119 $3,128 4.53%
    Outside of Metro Areas 207 $127,655,000 $616,691 $5,339 4.58%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 229 $88,415,000 $386,092 $3,281 4.43%
    Vineyard Haven, MA (FHA|USDA|VA) 165 $75,695,000 $458,758 $4,342 4.35%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 15 $3,255,000 $217,000 $3,379 4.42%
    WORCESTER, MA-CT (FHA|USDA|VA) 8 $2,210,000 $276,250 $3,017 4.27%
    SPRINGFIELD, MA (FHA|USDA|VA) 4 $790,000 $197,500 $2,992 4.16%
    The Cape Cod Five Cents Savings Bank's top markets include Barnstable Town, Boston, Vineyard Haven, Providence, and Worcester among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The Cape Cod Five Cents Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Westport Federal Credit Union
    Similarity Rank: 23
    Notre Dame Community Federal Credit Union
    Similarity Rank: 38
    PAWTUCKET
    Similarity Rank: 60
    Bank of Easton
    Similarity Rank: 66
    Charter Oak Federal Credit Union
    Similarity Rank: 84
    SOMERSET
    Similarity Rank: 99
    MERRIMACK VALLEY
    Similarity Rank: 110
    Middlesex Federal Savings, F.A.
    Similarity Rank: 111
    Triangle Credit Union
    Similarity Rank: 147
    Martha's Vineyard Savings Bank
    Similarity Rank: 160

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,020 $802,220,000 $397,139 $3,380 4.25%
    HELOC 792 $101,010,000 $127,538 n/a 5.17%
    USDA 1 $295,000 $295,000 $5,604 4.00%

    For 2018, The Cape Cod Five Cents Savings Bank's most frequently originated type of loan was Conventional, with 2,020 originations. Their 2nd most popular type was HELOC, with 792 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,356 $581,230,000 $428,636 $3,778 4.28%
    Cash Out Refi 688 $169,080,000 $245,756 $2,971 4.60%
    Home Improvement 467 $53,585,000 $114,743 $915 5.11%
    Refi 235 $93,555,000 $398,106 $2,935 4.19%
    Other 67 $6,075,000 $90,672 $1,027 5.17%

    For 2018, The Cape Cod Five Cents Savings Bank's most frequently cited loan purpose was Home Purchase, with 1,356 originations. The 2nd most popular reason was Cash Out Refi, with 688 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,996 $739,560,000 $370,521 $3,588 4.42%
    Other 483 $66,815,000 $138,333 $2,446 4.99%
    15 Year 132 $43,450,000 $329,167 $3,286 3.63%
    10 Year 117 $11,875,000 $101,496 $658 4.89%
    20 Year 81 $40,265,000 $497,099 $3,168 4.56%
    1 Year 4 $1,560,000 $390,000 $0 5.63%

    For 2018, The Cape Cod Five Cents Savings Bank's most frequently cited loan duration was 30 Year, with 1,996 originations. The 2nd most popular length was Other, with 483 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,676 $651,570,000 $388,765
    $1k-2k 203 $84,205,000 $414,803
    $2k-3k 38 $11,570,000 $304,474
    $3k-4k 19 $6,305,000 $331,842
    $4k-5k 10 $4,420,000 $442,000
    $5k+ 6 $2,530,000 $421,667

    The Cape Cod Five Cents Savings Bank's average total fees were $3,588, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,676 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,413 $457,175,000 $323,549
    3-4% 791 $347,485,000 $439,298
    5-6% 587 $92,635,000 $157,811
    <2.5% 11 $75,000 $6,818
    2.5-3% 9 $5,805,000 $645,000
    6-7% 2 $350,000 $175,000

    During 2018, The Cape Cod Five Cents Savings Bank's average interest rate for loans was 4.42%, while their most frequently originated rate bucket for loans was 4-5%, with 1,413 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,011 $289,685,000 $286,533 $3,193 4.41%
    $100,000 or less 546 $27,370,000 $50,128 $988 4.99%
    $100k-200k 509 $71,655,000 $140,776 $2,629 4.70%
    $400k-600k 421 $201,845,000 $479,442 $3,765 4.21%
    $600k-1MM 225 $164,795,000 $732,422 $4,651 4.07%
    $1MM+ 101 $148,175,000 $1,467,079 $6,551 4.12%

    2018 saw The Cape Cod Five Cents Savings Bank place emphasis on $200k-400k loans with 1,011 originations, totaling $289,685,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 578 $198,830,000 $343,997 $3,526 4.47%
    $100k-150k 542 $153,990,000 $284,114 $3,356 4.57%
    $250k+ 507 $280,045,000 $552,357 $4,267 4.36%
    $50k-75k 434 $86,700,000 $199,770 $2,834 4.56%
    $75k-100k 397 $89,395,000 $225,176 $2,924 4.56%
    $50k or less 282 $55,450,000 $196,631 $2,891 4.50%

    The Cape Cod Five Cents Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 578 originations. The second most popular income band? $100k-150k, with 542 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 605 $175,835,000 $290,636 $3,365 4.54%
    30-36% 472 $134,320,000 $284,576 $3,182 4.53%
    <20% 278 $97,130,000 $349,388 $3,497 4.45%
    50-60% 206 $90,800,000 $440,777 $3,742 4.20%
    44% 109 $28,935,000 $265,459 $3,430 4.55%
    41% 107 $31,675,000 $296,028 $3,213 4.45%
    43% 104 $30,490,000 $293,173 $3,341 4.63%
    45% 95 $30,995,000 $326,263 $3,398 4.56%
    40% 92 $29,360,000 $319,130 $3,588 4.52%
    39% 87 $23,535,000 $270,517 $3,177 4.50%
    38% 82 $27,020,000 $329,512 $3,533 4.46%
    36% 82 $29,210,000 $356,220 $3,491 4.45%
    42% 81 $26,695,000 $329,568 $3,303 4.57%
    46% 78 $26,270,000 $336,795 $3,378 4.48%
    49% 78 $20,100,000 $257,692 $3,275 4.70%
    37% 74 $22,790,000 $307,973 $3,134 4.52%
    48% 68 $19,610,000 $288,382 $3,239 4.49%
    47% 61 $22,355,000 $366,475 $3,705 4.53%
    >60% 4 $1,140,000 $285,000 $3,204 3.72%

    The Cape Cod Five Cents Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 605 originations. The next most common DTI ratio? 30-36%, with 472 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,267 $704,035,000 $310,558 $3,388 4.51%
    Not provided 458 $153,270,000 $334,651 $3,383 4.49%
    Not applicable 29 $28,785,000 $992,586 $0 5.06%
    Black 30 $10,520,000 $350,667 $3,499 4.42%
    Asian 14 $4,030,000 $287,857 $2,913 4.20%
    Native Hawaiian or Islander 2 $1,050,000 $525,000 $3,761 4.06%
    Other Asian 5 $795,000 $159,000 $2,059 4.90%
    American Indian 6 $530,000 $88,333 $890 5.08%
    Japanese 1 $355,000 $355,000 $2,345 4.75%
    Asian Indian 1 $155,000 $155,000 $0 5.50%

    Approval Rates

    Total approvals of all applications
    91.44%

    The Cape Cod Five Cents Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.45%

    The Cape Cod Five Cents Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,813 $903,525,000 $321,196

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $16,280,000 $2,035,000
    Single Family (1-4 Units):Site-Built 2,805 $887,245,000 $316,308

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 401 $91,655,000 $228,566 $3,179 4.68%
    40-60% 380 $139,190,000 $366,289 $3,264 4.33%
    60-80% 738 $345,350,000 $467,954 $3,714 4.27%
    80-100% 505 $218,675,000 $433,020 $3,678 4.32%
    Over 100% 1 $205,000 $205,000 $2,750 5.25%
    Under 20% 627 $53,685,000 $85,622 $1,190 5.02%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Cape Cod Five Cents Savings Bank 10 North Market St. Mashpee, MA 2649 Full Service B&M $176,614
    The Cape Cod Five Cents Savings Bank 10 Rosebrook Place Wareham, MA 2571 Full Service B&M $39,758
    The Cape Cod Five Cents Savings Bank 112 Pleasant Street Nantucket, MA 2554 Full Service B&M $189,025
    The Cape Cod Five Cents Savings Bank 129 Route 137 East Harwich, MA 2645 Full Service B&M $181,732
    The Cape Cod Five Cents Savings Bank 1620 Falmouth Road Centerville, MA 2632 Full Service B&M $172,123
    The Cape Cod Five Cents Savings Bank 171 Falmouth Road Hyannis, MA 2601 Full Service B&M $212,692
    The Cape Cod Five Cents Savings Bank 19 West Road Orleans, MA 2653 Limited, Administrative $0
    The Cape Cod Five Cents Savings Bank 20 West Road Orleans, MA 2653 Full Service B&M $0
    The Cape Cod Five Cents Savings Bank 236-238 Vineyard Haven Road Edgartown, MA 2539 Full Service B&M $194
    The Cape Cod Five Cents Savings Bank 2745 Main Street Brewster, MA 2631 Full Service B&M $140,783
    The Cape Cod Five Cents Savings Bank 345 Main Street Wellfleet, MA 2667 Full Service B&M $102,518
    The Cape Cod Five Cents Savings Bank 412 State Road Vineyard Haven, MA 2568 Full Service B&M $40,743
    The Cape Cod Five Cents Savings Bank 514 Station Ave South Yarmouth, MA 2664 Full Service B&M $205,344
    The Cape Cod Five Cents Savings Bank 532 Main St. Harwich Port, MA 2646 Full Service B&M $170,562
    The Cape Cod Five Cents Savings Bank 548 Main Street Chatham, MA 2633 Full Service B&M $209,401
    The Cape Cod Five Cents Savings Bank 668 Main Street Falmouth, MA 2540 Full Service B&M $205,312
    The Cape Cod Five Cents Savings Bank 688 Main Street South Dennis, MA 2660 Full Service B&M $124,603
    The Cape Cod Five Cents Savings Bank 75 Brackett Road North Eastham, MA 2651 Full Service B&M $83,880
    The Cape Cod Five Cents Savings Bank 85 Route 6a Sandwich, MA 2563 Full Service B&M $135,846
    The Cape Cod Five Cents Savings Bank 97 Rt 6a Orleans, MA 2653 Full Service B&M $319,629
    The Cape Cod Five Cents Savings Bank Zero Main Street Nantucket, MA 2554 Full Service B&M $64,758

    For 2018, The Cape Cod Five Cents Savings Bank had 21 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $119,855
    Net interest income $99,482
    Total noninterest income $22,081
    Gross Fiduciary activities income $9,271
    Service charges on deposit accounts $2,124
    Trading account gains and fees $0
    Additional Noninterest Income $10,686
    Pre-tax net operating income $29,682
    Securities gains (or losses, -) $0
    Income before extraordinary items $24,567
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $24,567
    Minority interest net income $0
    Net income $24,567
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $24,567

    The Cape Cod Five Cents Savings Bank's gross interest income from loans was $119,855,000.
    The Cape Cod Five Cents Savings Bank's net interest income from loans was $99,482,000.
    The Cape Cod Five Cents Savings Bank's fee based income from loans was $2,124,000.
    The Cape Cod Five Cents Savings Bank's net income from loans was $24,567,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $20,373
    Provision for credit losses $750
    Total noninterest expense $91,131
    Salaries and employee benefits $59,065
    Premises and equipment expense $9,174
    Additional noninterest expense $22,892
    Applicable income taxes $5,115
    Net charge-offs $-75
    Cash dividends $0

    The Cape Cod Five Cents Savings Bank's interest expense for loans was $20,373,000.
    The Cape Cod Five Cents Savings Bank's payroll and benefits expense were $59,065,000.
    The Cape Cod Five Cents Savings Bank's property, plant and equipment expenses $9,174,000.

    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 0.0%
    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 $2,819,260
    Deposits held in domestic offices $2,819,260
    Deposits by Individuals, partnerships, and corporations $2,534,294
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $284,966
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $244,269
    Demand deposits $168,784
    Nontransaction accounts $2,574,992
    Money market deposit accounts (MMDAs) $1,597,435
    Other savings deposits (excluding MMDAs) $273,597
    Total time deposits $703,959
    Total time and savings deposits $2,650,477
    Noninterest-bearing deposits $124,582
    Interest-bearing deposits $2,694,678
    Retail deposits $2,566,930
    IRAs and Keogh plan accounts $121,517
    Brokered deposits $13,691
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $3,425,994
    Cash & Balances due from depository institutions $63,964
    Interest-bearing balances $35,092
    Total securities $395,019
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,788,814
    Loan and leases loss allowance $17,738
    Trading account assets $0
    Bank premises and fixed assets $79,292
    Other real estate owned $0
    Goodwill and other intangibles $7,570
    All other assets $91,335

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $3,425,994
    Total Liabilities $3,105,480
    Total deposits $2,819,260
    Interest-bearing deposits $2,694,678
    Deposits held in domestic offices $2,819,260
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $21,510
    Trading liabilities $0
    Other borrowed funds $249,067
    Subordinated debt $0
    All other liabilities $15,643

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,788,814
    Loan and leases loss allowance $17,738
    Total loans and leases (domestic) $2,806,552
    All real estate loans $2,657,677
    Real estate loans in domestic offices $2,657,677
    Construction and development loans $133,511
    Residential 1-4 family construction $65,775
    Other construction, all land development and other land $67,736
    Loans secured by nonfarm nonresidential properties $510,533
    Nonfarm nonresidential secured by owner-occupied properties $250,058
    Commercial real estate & other non-farm, non-residential $260,475
    Multifamily residential real estate $22,990
    1-4 family residential loans $1,989,661
    Farmland loans $982
    Loans held in foreign offices $0
    Farm loans $2,558
    Commercial and industrial loans $106,921
    To non-U.S. addressees $0
    Loans to individuals $21,563
    Credit card loans $0
    Related Plans $1,773
    Consumer Auto Loans $44
    Other loans to individuals $19,746
    All other loans & leases $17,833
    Loans to foreign governments and official institutions $0
    Other loans $17,833
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $3,154
    Non 1-4 family restructured loans & leases $1,306
    Total loans and leases (foreign) $0

    The Cape Cod Five Cents Savings Bank had $2,788,814,000 of loans outstanding in 2018. $2,657,677,000 of loans were in real estate loans. $133,511,000 of loans were in development loans. $22,990,000 of loans were in multifamily mortgage loans. $1,989,661,000 of loans were in 1-4 family mortgage loans. $2,558,000 of loans were in farm loans. $0 of loans were in credit card loans. $44,000 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 862 $224,784 $260,770
    Nonfarm, nonresidential loans - <$100k 100 $4,214 $42,140
    Nonfarm, nonresidential loans - $100-250k 274 $35,227 $128,566
    Nonfarm, nonresidential loans - $250k-1MM 488 $185,343 $379,801
    Commercial & Industrial, US addressed loans - <$1MM 1,452 $69,879 $48,126
    Commercial & Industrial, US addressed loans - <$100k 1,065 $19,806 $18,597
    Commercial & Industrial, US addressed loans - $100-250k 249 $22,139 $88,912
    Commercial & Industrial, US addressed loans - $250k-1MM 138 $27,934 $202,420
    Farmland loans - <$1MM 5 $982 $196,400
    Farmland loans - <$100k 1 $15 $15,000
    Farmland loans - $100-250k 2 $293 $146,500
    Farmland loans - $250k-1MM 2 $674 $337,000
    Agriculture operations loans - <$1MM 49 $2,195 $44,796
    Agriculture operations loans - <$100k 34 $625 $18,382
    Agriculture operations loans - $100-250k 14 $1,134 $81,000
    Agriculture operations loans - $250k-1MM 1 $436 $436,000