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 small bank specializing in Home Purchase and Refi 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% 4/21/24
    30 Year Conventional Purchase 5.66% 4/21/24
    30 Year Conventional Refi 5.87% 4/21/24
    30 Year Cash-out Refi 5.72% 4/21/24
    15 Year Conventional Purchase 5.49% 4/21/24
    15 Year Conventional Refi 5.67% 4/21/24
    15 Year Cash-out Refi 5.67% 4/21/24
    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

    4,046

    Origination Dollar Volume (All Markets)

    $1,481,460,000

    Employee count

    543

    Awards

    The Cape Cod Five Cents Savings Bank 30 Year Conventional Loans gold
    Show all (1) 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) 3,051 $987,945,000 $323,810 $3,104 3.46%
    Outside of Metro Areas 271 $169,455,000 $625,295 $5,075 3.66%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 399 $160,335,000 $401,842 $3,184 3.37%
    Vineyard Haven, MA (FHA|USDA|VA) 277 $150,305,000 $542,617 $4,014 3.48%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 37 $11,255,000 $304,189 $3,199 3.44%
    WORCESTER, MA-CT (FHA|USDA|VA) 7 $1,325,000 $189,286 $2,679 3.68%
    SPRINGFIELD, MA (FHA|USDA|VA) 4 $840,000 $210,000 $2,498 3.28%
    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.

    Homestar Mortgage, Inc.
    Similarity Rank: 166
    SOMERSET
    Similarity Rank: 169
    OCEAN STATE CREDIT UNION
    Similarity Rank: 252
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 258
    Piscataqua Savings Bank
    Similarity Rank: 310
    Rhode Island Credit Union
    Similarity Rank: 510
    COMMUNITY CREDIT UNION OF LYNN
    Similarity Rank: 525
    Triangle Credit Union
    Similarity Rank: 696
    CorePlus Federal Credit Union
    Similarity Rank: 710
    NEW HAMPSHIRE
    Similarity Rank: 756

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,412 $1,412,810,000 $414,071 $3,292 3.36%
    HELOC 633 $68,435,000 $108,112 n/a 4.03%
    USDA 1 $215,000 $215,000 $4,568 3.50%

    For 2020, The Cape Cod Five Cents Savings Bank's most frequently originated type of loan was Conventional, with 3,412 originations. Their 2nd most popular type was HELOC, with 633 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,481 $728,755,000 $492,070 $3,888 3.37%
    Refi 1,117 $407,095,000 $364,454 $2,764 3.30%
    Cash Out Refi 855 $282,315,000 $330,193 $3,426 3.54%
    Home Improvement 423 $44,145,000 $104,362 $1,030 3.95%
    Other 170 $19,150,000 $112,647 $1,578 3.92%

    For 2020, The Cape Cod Five Cents Savings Bank's most frequently cited loan purpose was Home Purchase, with 1,481 originations. The 2nd most popular reason was Refi, with 1,117 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,192 $1,232,850,000 $386,231 $3,562 3.54%
    15 Year 458 $128,930,000 $281,507 $2,569 2.97%
    20 Year 191 $81,435,000 $426,361 $3,045 3.46%
    10 Year 154 $18,620,000 $120,909 $1,238 3.56%
    Other 49 $18,335,000 $374,184 $3,100 3.49%
    30+ year 1 $1,005,000 $1,005,000 $6,304 3.63%
    5 Year 1 $285,000 $285,000 $0 3.50%

    For 2020, The Cape Cod Five Cents Savings Bank's most frequently cited loan duration was 30 Year, with 3,192 originations. The 2nd most popular length was 15 Year, with 458 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,685 $1,162,735,000 $433,048
    $1k-2k 336 $88,550,000 $263,542
    $2k-3k 129 $41,215,000 $319,496
    $3k-4k 54 $18,520,000 $342,963
    $4k-5k 27 $11,435,000 $423,519
    $5k+ 21 $10,685,000 $508,810

    The Cape Cod Five Cents Savings Bank's average total fees were $3,562, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,685 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,630 $1,124,790,000 $427,677
    2.5-3% 764 $242,340,000 $317,199
    4-5% 638 $111,950,000 $175,470
    <2.5% 14 $2,380,000 $170,000

    During 2020, The Cape Cod Five Cents Savings Bank's average interest rate for loans was 3.54%, while their most frequently originated rate bucket for loans was 3-4%, with 2,630 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,551 $451,475,000 $291,086 $2,996 3.35%
    $400k-600k 716 $345,410,000 $482,416 $3,722 3.36%
    $100k-200k 687 $98,475,000 $143,341 $2,480 3.55%
    $100,000 or less 518 $25,610,000 $49,440 $918 3.87%
    $600k-1MM 384 $283,650,000 $738,672 $4,458 3.49%
    $1MM+ 190 $276,840,000 $1,457,053 $6,191 3.50%

    2020 saw The Cape Cod Five Cents Savings Bank place emphasis on $200k-400k loans with 1,551 originations, totaling $451,475,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 836 $260,170,000 $311,208 $3,135 3.46%
    $150k-250k 836 $315,000,000 $376,794 $3,393 3.44%
    $250k+ 807 $499,145,000 $618,519 $4,134 3.39%
    $50k-75k 588 $128,660,000 $218,810 $2,726 3.50%
    $75k-100k 564 $152,890,000 $271,082 $3,033 3.49%
    $50k or less 330 $80,070,000 $242,636 $2,722 3.61%

    The Cape Cod Five Cents Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 836 originations. The second most popular income band? $150k-250k, with 836 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,013 $339,365,000 $335,010 $3,159 3.42%
    30-36% 678 $245,970,000 $362,788 $3,299 3.43%
    <20% 463 $187,065,000 $404,028 $3,347 3.35%
    50-60% 249 $116,015,000 $465,924 $3,618 3.77%
    43% 151 $56,415,000 $373,609 $3,298 3.46%
    42% 146 $56,320,000 $385,753 $3,574 3.53%
    37% 136 $42,890,000 $315,368 $3,025 3.43%
    36% 126 $46,020,000 $365,238 $3,277 3.37%
    41% 118 $43,120,000 $365,424 $3,426 3.43%
    39% 117 $41,715,000 $356,538 $3,212 3.49%
    40% 114 $34,730,000 $304,649 $3,263 3.47%
    38% 109 $39,905,000 $366,101 $3,322 3.50%
    44% 106 $35,130,000 $331,415 $3,015 3.49%
    47% 105 $38,425,000 $365,952 $3,310 3.55%
    45% 102 $34,090,000 $334,216 $3,466 3.52%
    46% 94 $29,070,000 $309,255 $3,075 3.50%
    48% 92 $36,090,000 $392,283 $3,482 3.55%
    49% 81 $23,315,000 $287,840 $3,149 3.73%
    >60% 2 $350,000 $175,000 $2,720 3.31%

    The Cape Cod Five Cents Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 1,013 originations. The next most common DTI ratio? 30-36%, with 678 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,053 $1,042,705,000 $341,535 $3,257 3.48%
    Not provided 877 $369,845,000 $421,716 $3,365 3.41%
    Not applicable 34 $32,300,000 $950,000 $0 4.06%
    Black 47 $25,145,000 $535,000 $3,863 3.51%
    Asian 17 $6,665,000 $392,059 $3,973 3.48%
    American Indian 7 $2,125,000 $303,571 $3,051 3.09%
    Other Asian 7 $1,065,000 $152,143 $2,528 3.64%
    Chinese 2 $890,000 $445,000 $3,606 3.25%
    Native Hawaiian or Islander 1 $575,000 $575,000 $2,289 4.00%
    Asian Indian 1 $145,000 $145,000 $2,364 2.88%

    Approval Rates

    Total approvals of all applications
    94.02%

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

    Pick Rate

    Approvals leading to origination
    83.37%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 4,046 $1,481,460,000 $366,154

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $20,110,000 $2,011,000
    Single Family (1-4 Units):Site-Built 4,036 $1,461,350,000 $362,079

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 510 $127,690,000 $250,373 $2,866 3.47%
    40-60% 803 $298,365,000 $371,563 $3,052 3.33%
    60-80% 1,326 $633,000,000 $477,376 $3,628 3.38%
    80-100% 707 $355,515,000 $502,850 $3,794 3.39%
    Under 20% 679 $57,095,000 $84,087 $1,188 3.88%

    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 $217,340
    The Cape Cod Five Cents Savings Bank 10 Rosebrook Place Wareham, MA 2571 Full Service B&M $64,908
    The Cape Cod Five Cents Savings Bank 112 Pleasant Street Nantucket, MA 2554 Full Service B&M $233,138
    The Cape Cod Five Cents Savings Bank 129 Route 137 East Harwich, MA 2645 Full Service B&M $214,297
    The Cape Cod Five Cents Savings Bank 137 Bradford Street Provincetown, MA 2657 Full Service B&M $1
    The Cape Cod Five Cents Savings Bank 1550 Iyannough Road Hyannis, MA 2601 Full Service B&M $3,853
    The Cape Cod Five Cents Savings Bank 1620 Falmouth Road Centerville, MA 2632 Full Service B&M $183,083
    The Cape Cod Five Cents Savings Bank 171 Falmouth Road Hyannis, MA 2601 Full Service B&M $276,657
    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 $18,877
    The Cape Cod Five Cents Savings Bank 2745 Main Street Brewster, MA 2631 Full Service B&M $164,005
    The Cape Cod Five Cents Savings Bank 345 Main Street Wellfleet, MA 2667 Full Service B&M $125,817
    The Cape Cod Five Cents Savings Bank 412 State Road Vineyard Haven, MA 2568 Full Service B&M $51,144
    The Cape Cod Five Cents Savings Bank 514 Station Ave South Yarmouth, MA 2664 Full Service B&M $269,699
    The Cape Cod Five Cents Savings Bank 532 Main St. Harwich Port, MA 2646 Full Service B&M $210,804
    The Cape Cod Five Cents Savings Bank 548 Main Street Chatham, MA 2633 Full Service B&M $261,311
    The Cape Cod Five Cents Savings Bank 668 Main Street Falmouth, MA 2540 Full Service B&M $267,838
    The Cape Cod Five Cents Savings Bank 688 Main Street South Dennis, MA 2660 Full Service B&M $162,796
    The Cape Cod Five Cents Savings Bank 75 Brackett Road North Eastham, MA 2651 Full Service B&M $105,755
    The Cape Cod Five Cents Savings Bank 85 Route 6a Sandwich, MA 2563 Full Service B&M $152,149
    The Cape Cod Five Cents Savings Bank 97 Rt 6a Orleans, MA 2653 Full Service B&M $374,600
    The Cape Cod Five Cents Savings Bank The Pinehills, 1 Village Green Drive, Suite 111r Plymouth, MA 2360 Full Service B&M $22,677
    The Cape Cod Five Cents Savings Bank Zero Main Street Nantucket, MA 2554 Full Service B&M $88,151

    For 2020, The Cape Cod Five Cents Savings Bank had 24 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $136,463
    Net interest income $118,528
    Total noninterest income $40,552
    Gross Fiduciary activities income $9,761
    Service charges on deposit accounts $1,532
    Trading account gains and fees $0
    Additional Noninterest Income $29,259
    Pre-tax net operating income $40,157
    Securities gains (or losses, -) $1,495
    Income before extraordinary items $32,571
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $32,571
    Minority interest net income $0
    Net income $32,571
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $31,389

    The Cape Cod Five Cents Savings Bank's gross interest income from loans was $136,463,000.
    The Cape Cod Five Cents Savings Bank's net interest income from loans was $118,528,000.
    The Cape Cod Five Cents Savings Bank's fee based income from loans was $1,532,000.
    The Cape Cod Five Cents Savings Bank's net income from loans was $32,571,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $17,935
    Provision for credit losses $10,500
    Total noninterest expense $108,423
    Salaries and employee benefits $70,522
    Premises and equipment expense $11,858
    Additional noninterest expense $26,043
    Applicable income taxes $9,081
    Net charge-offs $7
    Cash dividends $0

    The Cape Cod Five Cents Savings Bank's interest expense for loans was $17,935,000.
    The Cape Cod Five Cents Savings Bank's payroll and benefits expense were $70,522,000.
    The Cape Cod Five Cents Savings Bank's property, plant and equipment expenses $11,858,000.

    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 $3,753,612
    Deposits held in domestic offices $3,753,612
    Deposits by Individuals, partnerships, and corporations $3,433,332
    Deposits by U.S. Government $4
    Deposits by States and political subdivisions in the U.S. $320,276
    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 $431,168
    Demand deposits $238,854
    Nontransaction accounts $3,322,444
    Money market deposit accounts (MMDAs) $2,304,666
    Other savings deposits (excluding MMDAs) $354,167
    Total time deposits $663,612
    Total time and savings deposits $3,514,758
    Noninterest-bearing deposits $184,877
    Interest-bearing deposits $3,568,735
    Retail deposits $3,513,010
    IRAs and Keogh plan accounts $118,382
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $4,280,740
    Cash & Balances due from depository institutions $455,315
    Interest-bearing balances $424,840
    Total securities $335,852
    Federal funds sold & reverse repurchase $0
    Net loans and leases $3,284,341
    Loan and leases loss allowance $28,855
    Trading account assets $0
    Bank premises and fixed assets $107,541
    Other real estate owned $0
    Goodwill and other intangibles $8,055
    All other assets $89,636

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $4,280,740
    Total Liabilities $3,849,456
    Total deposits $3,753,612
    Interest-bearing deposits $3,568,735
    Deposits held in domestic offices $3,753,612
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $72,726
    Subordinated debt $0
    All other liabilities $23,118

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $3,284,341
    Loan and leases loss allowance $28,855
    Total loans and leases (domestic) $3,313,196
    All real estate loans $3,017,621
    Real estate loans in domestic offices $3,017,621
    Construction and development loans $144,592
    Residential 1-4 family construction $67,025
    Other construction, all land development and other land $77,567
    Loans secured by nonfarm nonresidential properties $573,559
    Nonfarm nonresidential secured by owner-occupied properties $295,252
    Commercial real estate & other non-farm, non-residential $278,307
    Multifamily residential real estate $40,946
    1-4 family residential loans $2,256,648
    Farmland loans $1,876
    Loans held in foreign offices $0
    Farm loans $3,190
    Commercial and industrial loans $231,787
    To non-U.S. addressees $0
    Loans to individuals $26,374
    Credit card loans $0
    Related Plans $581
    Consumer Auto Loans $21
    Other loans to individuals $25,772
    All other loans & leases $34,224
    Loans to foreign governments and official institutions $0
    Other loans $34,224
    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 $2,259
    Non 1-4 family restructured loans & leases $856
    Total loans and leases (foreign) $0

    The Cape Cod Five Cents Savings Bank had $3,284,341,000 of loans outstanding in 2020. $3,017,621,000 of loans were in real estate loans. $144,592,000 of loans were in development loans. $40,946,000 of loans were in multifamily mortgage loans. $2,256,648,000 of loans were in 1-4 family mortgage loans. $3,190,000 of loans were in farm loans. $0 of loans were in credit card loans. $21,000 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 861 $253,995 $295,000
    Nonfarm, nonresidential loans - <$100k 70 $3,542 $50,600
    Nonfarm, nonresidential loans - $100-250k 251 $33,590 $133,825
    Nonfarm, nonresidential loans - $250k-1MM 540 $216,863 $401,598
    Commercial & Industrial, US addressed loans - <$1MM 2,686 $174,930 $65,127
    Commercial & Industrial, US addressed loans - <$100k 2,076 $60,375 $29,082
    Commercial & Industrial, US addressed loans - $100-250k 416 $53,790 $129,303
    Commercial & Industrial, US addressed loans - $250k-1MM 194 $60,765 $313,222
    Farmland loans - <$1MM 7 $1,356 $193,714
    Farmland loans - <$100k 1 $8 $8,000
    Farmland loans - $100-250k 3 $478 $159,333
    Farmland loans - $250k-1MM 3 $870 $290,000
    Agriculture operations loans - <$1MM 65 $2,858 $43,969
    Agriculture operations loans - <$100k 52 $961 $18,481
    Agriculture operations loans - $100-250k 11 $1,301 $118,273
    Agriculture operations loans - $250k-1MM 2 $596 $298,000