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, Refi, and Cash Out Refi loans. The Cape Cod Five Cents Savings Bank has a high proportion of conventional 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% 11/21/24
    30 Year Conventional Purchase 5.66% 11/21/24
    30 Year Conventional Refi 5.87% 11/21/24
    30 Year Cash-out Refi 5.72% 11/21/24
    15 Year Conventional Purchase 5.49% 11/21/24
    15 Year Conventional Refi 5.67% 11/21/24
    15 Year Cash-out Refi 5.67% 11/21/24
    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

    3,926

    Origination Dollar Volume (All Markets)

    $1,620,800,000

    Employee count

    544

    Awards

    The Cape Cod Five Cents Savings Bank 30 Year Conventional Loans silver The Cape Cod Five Cents Savings Bank 30 Year Conventional Loans gold
    Show all (2) 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) 2,882 $1,025,130,000 $355,701 $3,142 3.19%
    Outside of Metro Areas 263 $200,135,000 $760,970 $5,539 3.39%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 445 $199,535,000 $448,393 $3,157 3.13%
    Vineyard Haven, MA (FHA|USDA|VA) 285 $181,715,000 $637,596 $4,093 3.22%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 31 $7,715,000 $248,871 $2,321 3.32%
    WORCESTER, MA-CT (FHA|USDA|VA) 12 $4,660,000 $388,333 $2,854 2.94%
    SPRINGFIELD, MA (FHA|USDA|VA) 8 $1,910,000 $238,750 $2,832 3.27%
    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)
  • Rhode Island (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.

    SOMERSET
    Similarity Rank: 87
    Homestar Mortgage, Inc.
    Similarity Rank: 156
    FALL RIVER MUNICIPAL CREDIT UNION
    Similarity Rank: 396
    OCEAN STATE CREDIT UNION
    Similarity Rank: 405
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 474
    Rhode Island Credit Union
    Similarity Rank: 524
    Sharon & Crescent United Credit Union
    Similarity Rank: 540
    WAVE FEDERAL CREDIT UNION
    Similarity Rank: 596
    WESTERLY COMMUNITY
    Similarity Rank: 618
    East Boston Savings Bank
    Similarity Rank: 755

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,374 $1,569,610,000 $465,207 $3,345 3.06%
    HELOC 552 $51,190,000 $92,736 n/a 4.04%

    For 2021, The Cape Cod Five Cents Savings Bank's most frequently originated type of loan was Conventional, with 3,374 originations. Their 2nd most popular type was HELOC, with 552 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,251 $746,805,000 $596,966 $4,175 3.13%
    Refi 994 $380,400,000 $382,696 $2,833 2.95%
    Cash Out Refi 992 $403,190,000 $406,442 $3,448 3.18%
    Home Improvement 547 $63,815,000 $116,664 $1,092 3.71%
    Other 142 $26,590,000 $187,254 $2,184 3.74%

    For 2021, The Cape Cod Five Cents Savings Bank's most frequently cited loan purpose was Home Purchase, with 1,251 originations. The 2nd most popular reason was Refi, with 994 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,002 $1,362,620,000 $453,904 $3,724 3.29%
    15 Year 445 $109,175,000 $245,337 $2,279 2.77%
    20 Year 272 $99,920,000 $367,353 $2,986 3.02%
    10 Year 166 $28,460,000 $171,446 $1,269 3.07%
    Other 36 $15,190,000 $421,944 $2,744 3.09%
    1 Year 2 $2,510,000 $1,255,000 $0 4.13%
    5 Year 2 $420,000 $210,000 $0 4.24%
    30+ year 1 $2,505,000 $2,505,000 $10,694 3.38%

    For 2021, The Cape Cod Five Cents Savings Bank's most frequently cited loan duration was 30 Year, with 3,002 originations. The 2nd most popular length was 15 Year, with 445 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,582 $1,289,740,000 $499,512
    $1k-2k 412 $116,590,000 $282,985
    $2k-3k 115 $40,005,000 $347,870
    $3k-4k 31 $11,755,000 $379,194
    $4k-5k 15 $5,575,000 $371,667
    $5k+ 14 $8,540,000 $610,000

    The Cape Cod Five Cents Savings Bank's average total fees were $3,724, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,582 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,806 $770,560,000 $426,667
    2.5-3% 1,554 $748,130,000 $481,422
    4-5% 340 $30,860,000 $90,765
    <2.5% 226 $71,250,000 $315,265

    During 2021, The Cape Cod Five Cents Savings Bank's average interest rate for loans was 3.29%, while their most frequently originated rate bucket for loans was 3-4%, with 1,806 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,322 $387,950,000 $293,457 $2,995 3.05%
    $400k-600k 696 $339,780,000 $488,190 $3,621 3.05%
    $100k-200k 596 $83,670,000 $140,386 $2,389 3.35%
    $100,000 or less 531 $25,815,000 $48,616 $664 3.68%
    $600k-1MM 487 $365,285,000 $750,072 $4,328 3.14%
    $1MM+ 294 $418,300,000 $1,422,789 $6,105 3.15%

    2021 saw The Cape Cod Five Cents Savings Bank place emphasis on $200k-400k loans with 1,322 originations, totaling $387,950,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 817 $344,125,000 $421,206 $3,433 3.17%
    $250k+ 805 $563,315,000 $699,770 $4,302 3.15%
    $100k-150k 773 $262,295,000 $339,321 $3,150 3.21%
    $75k-100k 568 $156,160,000 $274,930 $2,906 3.21%
    $50k-75k 482 $109,480,000 $227,137 $2,644 3.22%
    $50k or less 384 $137,450,000 $357,943 $3,006 3.25%

    The Cape Cod Five Cents Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 817 originations. The second most popular income band? $250k+, with 805 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 956 $379,100,000 $396,548 $3,261 3.15%
    30-36% 714 $275,370,000 $385,672 $3,271 3.16%
    <20% 509 $204,445,000 $401,660 $3,322 3.17%
    50-60% 214 $110,940,000 $518,411 $3,764 3.38%
    44% 130 $56,450,000 $434,231 $3,328 3.20%
    36% 126 $51,610,000 $409,603 $3,277 3.23%
    40% 124 $58,800,000 $474,194 $3,522 3.25%
    42% 117 $49,675,000 $424,573 $3,742 3.17%
    43% 113 $47,435,000 $419,779 $3,334 3.23%
    41% 111 $49,985,000 $450,315 $3,367 3.18%
    37% 110 $48,380,000 $439,818 $3,343 3.20%
    39% 108 $40,420,000 $374,259 $3,329 3.18%
    38% 107 $42,515,000 $397,336 $3,285 3.12%
    45% 92 $31,920,000 $346,957 $3,368 3.21%
    47% 87 $42,135,000 $484,310 $3,700 3.18%
    48% 87 $40,495,000 $465,460 $3,525 3.22%
    49% 84 $25,030,000 $297,976 $2,953 3.34%
    46% 82 $28,480,000 $347,317 $3,084 3.31%
    >60% 5 $1,385,000 $277,000 $2,980 3.55%

    The Cape Cod Five Cents Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 956 originations. The next most common DTI ratio? 30-36%, with 714 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,843 $1,090,925,000 $383,723 $3,268 3.21%
    Not provided 929 $446,605,000 $480,737 $3,550 3.15%
    Not applicable 41 $31,245,000 $762,073 $0 3.90%
    Black 53 $29,745,000 $561,226 $3,689 3.15%
    Asian 34 $14,990,000 $440,882 $3,206 3.17%
    American Indian 18 $5,240,000 $291,111 $3,425 3.35%
    Other Asian 4 $890,000 $222,500 $3,426 3.34%
    Asian Indian 1 $555,000 $555,000 $3,858 2.99%
    Filipino 1 $245,000 $245,000 $2,678 3.00%
    Native Hawaiian or Islander 1 $185,000 $185,000 $2,249 2.88%
    Chinese 1 $175,000 $175,000 $0 3.50%

    Approval Rates

    Total approvals of all applications
    93.92%

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

    Pick Rate

    Approvals leading to origination
    85.91%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,926 $1,620,800,000 $412,837

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,926 $1,620,800,000 $412,837

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 610 $186,920,000 $306,426 $3,009 3.08%
    40-60% 924 $421,330,000 $455,985 $3,321 3.02%
    60-80% 1,146 $666,890,000 $581,928 $3,890 3.13%
    80-100% 501 $276,155,000 $551,208 $3,878 3.08%
    Under 20% 738 $64,910,000 $87,954 $1,074 3.71%

    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 $244,581
    The Cape Cod Five Cents Savings Bank 10 Rosebrook Place Wareham, MA 2571 Full Service B&M $72,823
    The Cape Cod Five Cents Savings Bank 112 Pleasant Street Nantucket, MA 2554 Full Service B&M $320,061
    The Cape Cod Five Cents Savings Bank 129 Route 137 East Harwich, MA 2645 Full Service B&M $243,425
    The Cape Cod Five Cents Savings Bank 137 Bradford Street Provincetown, MA 2657 Full Service B&M $36,355
    The Cape Cod Five Cents Savings Bank 1500 Iyannough Rd Hyannis, MA 2601 Limited, Administrative $0
    The Cape Cod Five Cents Savings Bank 1550 Iyannough Road Hyannis, MA 2601 Full Service B&M $30,425
    The Cape Cod Five Cents Savings Bank 1620 Falmouth Road Centerville, MA 2632 Full Service B&M $223,827
    The Cape Cod Five Cents Savings Bank 171 Falmouth Road Hyannis, MA 2601 Full Service B&M $349,807
    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 $24,726
    The Cape Cod Five Cents Savings Bank 2745 Main Street Brewster, MA 2631 Full Service B&M $185,713
    The Cape Cod Five Cents Savings Bank 345 Main Street Wellfleet, MA 2667 Full Service B&M $129,873
    The Cape Cod Five Cents Savings Bank 412 State Road Vineyard Haven, MA 2568 Full Service B&M $59,369
    The Cape Cod Five Cents Savings Bank 514 Station Ave South Yarmouth, MA 2664 Full Service B&M $336,295
    The Cape Cod Five Cents Savings Bank 532 Main St Harwich Port, MA 2646 Full Service B&M $220,674
    The Cape Cod Five Cents Savings Bank 548 Main Street Chatham, MA 2633 Full Service B&M $302,356
    The Cape Cod Five Cents Savings Bank 668 Main Street Falmouth, MA 2540 Full Service B&M $317,492
    The Cape Cod Five Cents Savings Bank 688 Main Street South Dennis, MA 2660 Full Service B&M $194,628
    The Cape Cod Five Cents Savings Bank 75 Brackett Road North Eastham, MA 2651 Full Service B&M $113,496
    The Cape Cod Five Cents Savings Bank 85 Route 6a Sandwich, MA 2563 Full Service B&M $187,198
    The Cape Cod Five Cents Savings Bank 97 Rt 6a Orleans, MA 2653 Full Service B&M $403,597
    The Cape Cod Five Cents Savings Bank The Pinehills, 1 Village Green Drive, Suite 111r Plymouth, MA 2360 Full Service B&M $20,264
    The Cape Cod Five Cents Savings Bank Zero Main Street Nantucket, MA 2554 Full Service B&M $113,427

    For 2021, The Cape Cod Five Cents Savings Bank had 25 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $135,767
    Net interest income $130,558
    Total noninterest income $32,150
    Gross Fiduciary activities income $10,954
    Service charges on deposit accounts $1,807
    Trading account gains and fees $0
    Additional Noninterest Income $19,389
    Pre-tax net operating income $58,697
    Securities gains (or losses, -) $0
    Income before extraordinary items $49,186
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $49,186
    Minority interest net income $0
    Net income $49,186
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $49,186

    The Cape Cod Five Cents Savings Bank's gross interest income from loans was $135,767,000.
    The Cape Cod Five Cents Savings Bank's net interest income from loans was $130,558,000.
    The Cape Cod Five Cents Savings Bank's fee based income from loans was $1,807,000.
    The Cape Cod Five Cents Savings Bank's net income from loans was $49,186,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,209
    Provision for credit losses $-5,750
    Total noninterest expense $109,761
    Salaries and employee benefits $73,942
    Premises and equipment expense $10,753
    Additional noninterest expense $25,066
    Applicable income taxes $9,511
    Net charge-offs $-83
    Cash dividends $0

    The Cape Cod Five Cents Savings Bank's interest expense for loans was $5,209,000.
    The Cape Cod Five Cents Savings Bank's payroll and benefits expense were $73,942,000.
    The Cape Cod Five Cents Savings Bank's property, plant and equipment expenses $10,753,000.

    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 $4,114,881
    Deposits held in domestic offices $4,114,881
    Deposits by Individuals, partnerships, and corporations $3,769,626
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $345,253
    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 $441,405
    Demand deposits $277,489
    Nontransaction accounts $3,673,476
    Money market deposit accounts (MMDAs) $2,661,213
    Other savings deposits (excluding MMDAs) $459,633
    Total time deposits $552,631
    Total time and savings deposits $3,837,392
    Noninterest-bearing deposits $210,956
    Interest-bearing deposits $3,903,925
    Retail deposits $3,915,475
    IRAs and Keogh plan accounts $112,174
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $4,615,911
    Cash & Balances due from depository institutions $367,162
    Interest-bearing balances $342,381
    Total securities $458,491
    Federal funds sold & reverse repurchase $0
    Net loans and leases $3,584,779
    Loan and leases loss allowance $23,188
    Trading account assets $0
    Bank premises and fixed assets $103,737
    Other real estate owned $0
    Goodwill and other intangibles $9,739
    All other assets $92,003

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $4,615,911
    Total Liabilities $4,138,984
    Total deposits $4,114,881
    Interest-bearing deposits $3,903,925
    Deposits held in domestic offices $4,114,881
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,715
    Subordinated debt $0
    All other liabilities $22,388

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $3,584,779
    Loan and leases loss allowance $23,188
    Total loans and leases (domestic) $3,607,967
    All real estate loans $3,395,858
    Real estate loans in domestic offices $3,395,858
    Construction and development loans $174,763
    Residential 1-4 family construction $90,482
    Other construction, all land development and other land $84,281
    Loans secured by nonfarm nonresidential properties $593,209
    Nonfarm nonresidential secured by owner-occupied properties $306,873
    Commercial real estate & other non-farm, non-residential $286,336
    Multifamily residential real estate $45,208
    1-4 family residential loans $2,581,838
    Farmland loans $840
    Loans held in foreign offices $0
    Farm loans $2,895
    Commercial and industrial loans $133,805
    To non-U.S. addressees $0
    Loans to individuals $54,957
    Credit card loans $0
    Related Plans $1,497
    Consumer Auto Loans $79
    Other loans to individuals $53,381
    All other loans & leases $20,452
    Loans to foreign governments and official institutions $0
    Other loans $20,452
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $14,937
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,060
    Non 1-4 family restructured loans & leases $778
    Total loans and leases (foreign) $0

    The Cape Cod Five Cents Savings Bank had $3,584,779,000 of loans outstanding in 2021. $3,395,858,000 of loans were in real estate loans. $174,763,000 of loans were in development loans. $45,208,000 of loans were in multifamily mortgage loans. $2,581,838,000 of loans were in 1-4 family mortgage loans. $2,895,000 of loans were in farm loans. $0 of loans were in credit card loans. $79,000 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 840 $252,102 $300,121
    Nonfarm, nonresidential loans - <$100k 65 $3,238 $49,815
    Nonfarm, nonresidential loans - $100-250k 229 $30,518 $133,266
    Nonfarm, nonresidential loans - $250k-1MM 546 $218,346 $399,901
    Commercial & Industrial, US addressed loans - <$1MM 1,315 $98,040 $74,555
    Commercial & Industrial, US addressed loans - <$100k 952 $26,603 $27,944
    Commercial & Industrial, US addressed loans - $100-250k 224 $28,467 $127,085
    Commercial & Industrial, US addressed loans - $250k-1MM 139 $42,970 $309,137
    Farmland loans - <$1MM 5 $840 $168,000
    Farmland loans - <$100k 1 $4 $4,000
    Farmland loans - $100-250k 2 $278 $139,000
    Farmland loans - $250k-1MM 2 $558 $279,000
    Agriculture operations loans - <$1MM 49 $2,581 $52,673
    Agriculture operations loans - <$100k 35 $742 $21,200
    Agriculture operations loans - $100-250k 13 $1,545 $118,846
    Agriculture operations loans - $250k-1MM 1 $294 $294,000