State Bank Of Cross Plains Mortgage Rates, Fees & Info

Cross Plains, WI

LEI: 549300DZ25WXQZZ57J48

Tax ID: 39-0634040

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    State Bank Of Cross Plains is a smaller bank specializing in Home Purchase loans. State Bank Of Cross Plains has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Milwaukee, Baraboo, Watertown, and Janesville among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    State Bank Of Cross Plains 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. State Bank Of Cross Plains 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.40% 12/16/24
    30 Year Conventional Refi 6.20% 12/16/24
    30 Year Cash-out Refi 6.43% 12/16/24
    15 Year Conventional Purchase 5.81% 12/16/24
    15 Year Conventional Refi 5.72% 12/16/24
    15 Year Cash-out Refi 5.72% 12/16/24
    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.

    State Bank Of Cross Plains Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from State Bank Of Cross Plains. 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

    387

    Origination Dollar Volume (All Markets)

    $139,355,000

    Employee count

    182 Show all (5) 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
    MADISON, WI (FHA|USDA|VA) 331 $127,665,000 $385,695 $2,403 4.35%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 7 $3,565,000 $509,286 $2,295 4.19%
    Baraboo, WI (FHA|USDA|VA) 22 $3,530,000 $160,455 $2,188 4.41%
    Outside of Metro Areas 14 $2,060,000 $147,143 $2,176 4.44%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 5 $1,095,000 $219,000 $2,170 4.80%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 4 $530,000 $132,500 $2,543 4.81%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 2 $450,000 $225,000 $2,020 4.19%
    Platteville, WI (FHA|USDA|VA) 1 $265,000 $265,000 $0 4.96%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $195,000 $195,000 $2,312 4.88%
    State Bank Of Cross Plains's top markets include Madison, Milwaukee, Baraboo, Watertown, and Janesville among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against State Bank of Cross Plains based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    AppleTree Credit Union
    Similarity Rank: 10
    NORTHWESTERN MUTUAL
    Similarity Rank: 12
    Bank of Milton
    Similarity Rank: 25
    First Community Credit Union
    Similarity Rank: 63
    Kohler Credit Union
    Similarity Rank: 128
    Empower Credit Union
    Similarity Rank: 135
    United Community Bank
    Similarity Rank: 147
    State Bank of Cross Plains
    Similarity Rank: 207
    HERITAGE CREDIT UNION
    Similarity Rank: 221
    PRIME FINANCIAL CREDIT UNION
    Similarity Rank: 275

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 387 $139,355,000 $360,090 $2,380 4.37%

    For 2018, State Bank Of Cross Plains's most frequently originated type of loan was Conventional, with 387 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 259 $109,935,000 $424,459 $2,718 4.40%
    Cash Out Refi 68 $13,800,000 $202,941 $1,957 4.02%
    Refi 52 $15,010,000 $288,654 $1,509 4.56%
    Home Improvement 6 $310,000 $51,667 $500 5.28%
    Other 2 $300,000 $150,000 $1,457 4.62%

    For 2018, State Bank Of Cross Plains's most frequently cited loan purpose was Home Purchase, with 259 originations. The 2nd most popular reason was Cash Out Refi, with 68 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 280 $72,880,000 $260,286 $2,600 4.26%
    15 Year 57 $9,595,000 $168,333 $1,760 4.25%
    5 Year 18 $13,280,000 $737,778 $383 5.46%
    10 Year 16 $1,410,000 $88,125 $844 4.73%
    Other 8 $40,210,000 $5,026,250 $1,176 5.30%
    20 Year 6 $1,730,000 $288,333 $3,339 4.36%
    3 Year 1 $95,000 $95,000 $0 7.00%
    1 Year 1 $155,000 $155,000 $0 5.50%

    For 2018, State Bank Of Cross Plains's most frequently cited loan duration was 30 Year, with 280 originations. The 2nd most popular length was 15 Year, with 57 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 241 $55,615,000 $230,768
    $1k-2k 69 $17,605,000 $255,145
    $2k-3k 17 $5,125,000 $301,471
    $3k-4k 8 $2,390,000 $298,750
    $5k+ 3 $1,105,000 $368,333
    $4k-5k 1 $335,000 $335,000

    State Bank Of Cross Plains's average total fees were $2,600, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 241 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 187 $67,305,000 $359,920
    3-4% 130 $32,940,000 $253,385
    5-6% 50 $35,150,000 $703,000
    2.5-3% 11 $3,155,000 $286,818
    6-7% 8 $750,000 $93,750
    7-8% 1 $55,000 $55,000

    During 2018, State Bank Of Cross Plains's average interest rate for loans was 4.26%, while their most frequently originated rate bucket for loans was 4-5%, with 187 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 156 $42,710,000 $273,782 $2,848 4.22%
    $100k-200k 124 $18,610,000 $150,081 $2,155 4.35%
    $100,000 or less 50 $3,170,000 $63,400 $1,246 4.91%
    $400k-600k 36 $17,140,000 $476,111 $2,618 4.07%
    $600k-1MM 12 $8,320,000 $693,333 $1,792 4.60%
    $1MM+ 9 $49,405,000 $5,489,444 $1,115 5.13%

    2018 saw State Bank Of Cross Plains place emphasis on $200k-400k loans with 156 originations, totaling $42,710,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 88 $21,060,000 $239,318 $2,544 4.23%
    $150k-250k 75 $25,505,000 $340,067 $2,517 4.17%
    $50k-75k 62 $10,610,000 $171,129 $2,307 4.35%
    $75k-100k 56 $10,200,000 $182,143 $2,347 4.34%
    $50k or less 33 $4,265,000 $129,242 $2,010 4.43%
    $250k+ 29 $10,195,000 $351,552 $2,245 4.15%

    State Bank Of Cross Plains lent most frequently to those with incomes in the $100k-150k range, with 88 originations. The second most popular income band? $150k-250k, with 75 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 109 $24,495,000 $224,725 $2,371 4.27%
    30-36% 80 $21,020,000 $262,750 $2,353 4.21%
    <20% 38 $9,030,000 $237,632 $2,151 4.02%
    46% 15 $3,545,000 $236,333 $1,614 4.58%
    39% 12 $3,680,000 $306,667 $2,155 4.24%
    38% 12 $2,650,000 $220,833 $2,309 4.38%
    48% 10 $2,240,000 $224,000 $3,179 4.43%
    37% 10 $2,280,000 $228,000 $2,336 3.87%
    45% 10 $1,750,000 $175,000 $2,349 4.35%
    43% 9 $1,425,000 $158,333 $2,229 4.35%
    44% 8 $1,750,000 $218,750 $3,478 4.55%
    40% 8 $2,790,000 $348,750 $2,133 4.34%
    36% 8 $1,850,000 $231,250 $2,736 4.31%
    42% 7 $1,745,000 $249,286 $2,695 4.47%
    41% 7 $1,585,000 $226,429 $3,140 4.09%
    47% 6 $1,250,000 $208,333 $2,414 4.71%
    49% 4 $1,170,000 $292,500 $3,284 4.31%
    50-60% 1 $145,000 $145,000 $0 6.33%
    >60% 1 $95,000 $95,000 $0 5.58%

    State Bank Of Cross Plains lent most frequently to those with DTI ratios of 20-30%, with 109 originations. The next most common DTI ratio? 30-36%, with 80 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 321 $78,445,000 $244,377 $2,310 4.29%
    Not applicable 29 $51,115,000 $1,762,586 $0 5.52%
    Asian 19 $5,135,000 $270,263 $3,374 4.05%
    Not provided 12 $3,600,000 $300,000 $3,104 4.34%
    Black 3 $635,000 $211,667 $2,096 3.33%
    Asian Indian 1 $285,000 $285,000 $2,771 3.25%
    American Indian 2 $140,000 $70,000 $204 5.49%

    Approval Rates

    Total approvals of all applications
    92.47%

    State Bank Of Cross Plains has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.95%

    State Bank Of Cross Plains has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 387 $139,355,000 $360,090

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 14 $51,190,000 $3,656,429
    Single Family (1-4 Units):Manufactured 1 $95,000 $95,000
    Single Family (1-4 Units):Site-Built 372 $88,070,000 $236,747

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 30 $4,770,000 $159,000 $1,490 4.22%
    40-60% 68 $14,540,000 $213,824 $1,947 4.28%
    60-80% 158 $65,650,000 $415,506 $2,502 4.31%
    80-100% 115 $53,725,000 $467,174 $2,995 4.40%
    Under 20% 16 $670,000 $41,875 $449 5.39%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    STATE FARM BANK, FSB Conventional home mortgage Closing on a mortgage 1 8.3%
    STATE FARM BANK, FSB Conventional home mortgage Struggling to pay mortgage 1 8.3%
    STATE FARM BANK, FSB Conventional home mortgage Trouble during payment process 6 50.0%
    STATE FARM BANK, FSB Home equity loan or line of credit (HELOC) Trouble during payment process 2 16.7%
    STATE FARM BANK, FSB Other type of mortgage Trouble during payment process 2 16.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    State Bank of Cross Plains 1030 Mills Street Black Earth, WI 53515 Full Service B&M $40,248
    State Bank of Cross Plains 108 North Main Street Verona, WI 53593 Full Service B&M $118,621
    State Bank of Cross Plains 1205 Main Street Cross Plains, WI 53528 Full Service B&M $171,452
    State Bank of Cross Plains 1740 Business Highway 18-151 East Mount Horeb, WI 53572 Full Service B&M $104,667
    State Bank of Cross Plains 2535 Main Street Cross Plains, WI 53528 Full Service B&M $0
    State Bank of Cross Plains 455 County Highway M Madison, WI 53719 Full Service B&M $44,417
    State Bank of Cross Plains 610 West Main Street Waunakee, WI 53597 Full Service B&M $131,597
    State Bank of Cross Plains 744 North Main Street Oregon, WI 53575 Full Service B&M $18,618
    State Bank of Cross Plains 8309 University Avenue Middleton, WI 53562 Full Service B&M $162,307

    For 2018, State Bank Of Cross Plains had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $37,447
    Net interest income $31,761
    Total noninterest income $10,985
    Gross Fiduciary activities income $2,141
    Service charges on deposit accounts $881
    Trading account gains and fees $0
    Additional Noninterest Income $7,963
    Pre-tax net operating income $15,984
    Securities gains (or losses, -) $22
    Income before extraordinary items $11,949
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,949
    Minority interest net income $0
    Net income $11,949
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,931

    State Bank Of Cross Plains's gross interest income from loans was $37,447,000.
    State Bank Of Cross Plains's net interest income from loans was $31,761,000.
    State Bank Of Cross Plains's fee based income from loans was $881,000.
    State Bank Of Cross Plains's net income from loans was $11,949,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,686
    Provision for credit losses $1,000
    Total noninterest expense $25,762
    Salaries and employee benefits $14,599
    Premises and equipment expense $3,129
    Additional noninterest expense $8,034
    Applicable income taxes $4,057
    Net charge-offs $-251
    Cash dividends $3,470

    State Bank Of Cross Plains's interest expense for loans was $5,686,000.
    State Bank Of Cross Plains's payroll and benefits expense were $14,599,000.
    State Bank Of Cross Plains's property, plant and equipment expenses $3,129,000.

    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 $803,667
    Deposits held in domestic offices $803,667
    Deposits by Individuals, partnerships, and corporations $746,711
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $56,956
    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 $95,942
    Demand deposits $61,639
    Nontransaction accounts $707,725
    Money market deposit accounts (MMDAs) $118,001
    Other savings deposits (excluding MMDAs) $457,109
    Total time deposits $132,616
    Total time and savings deposits $742,028
    Noninterest-bearing deposits $157,681
    Interest-bearing deposits $645,987
    Retail deposits $789,394
    IRAs and Keogh plan accounts $21,688
    Brokered deposits $495
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $987,936
    Cash & Balances due from depository institutions $21,835
    Interest-bearing balances $2,343
    Total securities $113,364
    Federal funds sold & reverse repurchase $0
    Net loans and leases $790,487
    Loan and leases loss allowance $7,082
    Trading account assets $0
    Bank premises and fixed assets $15,886
    Other real estate owned $239
    Goodwill and other intangibles $8,697
    All other assets $37,428

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $987,936
    Total Liabilities $876,610
    Total deposits $803,667
    Interest-bearing deposits $645,987
    Deposits held in domestic offices $803,667
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $10,591
    Trading liabilities $0
    Other borrowed funds $54,900
    Subordinated debt $0
    All other liabilities $7,452

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $790,487
    Loan and leases loss allowance $7,082
    Total loans and leases (domestic) $797,569
    All real estate loans $666,914
    Real estate loans in domestic offices $666,914
    Construction and development loans $69,673
    Residential 1-4 family construction $13,011
    Other construction, all land development and other land $56,662
    Loans secured by nonfarm nonresidential properties $319,378
    Nonfarm nonresidential secured by owner-occupied properties $98,503
    Commercial real estate & other non-farm, non-residential $220,875
    Multifamily residential real estate $91,309
    1-4 family residential loans $177,493
    Farmland loans $9,061
    Loans held in foreign offices $0
    Farm loans $1,534
    Commercial and industrial loans $110,479
    To non-U.S. addressees $0
    Loans to individuals $12,420
    Credit card loans $4,235
    Related Plans $0
    Consumer Auto Loans $3,174
    Other loans to individuals $5,011
    All other loans & leases $6,222
    Loans to foreign governments and official institutions $0
    Other loans $744
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $15,563
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,869
    Non 1-4 family restructured loans & leases $1,581
    Total loans and leases (foreign) $0

    State Bank of Cross Plains had $790,487,000 of loans outstanding in 2018. $666,914,000 of loans were in real estate loans. $69,673,000 of loans were in development loans. $91,309,000 of loans were in multifamily mortgage loans. $177,493,000 of loans were in 1-4 family mortgage loans. $1,534,000 of loans were in farm loans. $4,235,000 of loans were in credit card loans. $3,174,000 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 252 $69,476 $275,698
    Nonfarm, nonresidential loans - <$100k 39 $1,397 $35,821
    Nonfarm, nonresidential loans - $100-250k 68 $9,910 $145,735
    Nonfarm, nonresidential loans - $250k-1MM 145 $58,169 $401,166
    Commercial & Industrial, US addressed loans - <$1MM 559 $44,713 $79,987
    Commercial & Industrial, US addressed loans - <$100k 334 $7,822 $23,419
    Commercial & Industrial, US addressed loans - $100-250k 116 $9,997 $86,181
    Commercial & Industrial, US addressed loans - $250k-1MM 109 $26,894 $246,734
    Farmland loans - <$1MM 42 $5,765 $137,262
    Farmland loans - <$100k 19 $707 $37,211
    Farmland loans - $100-250k 12 $1,515 $126,250
    Farmland loans - $250k-1MM 11 $3,543 $322,091
    Agriculture operations loans - <$1MM 18 $1,533 $85,167
    Agriculture operations loans - <$100k 13 $365 $28,077
    Agriculture operations loans - $100-250k 2 $289 $144,500
    Agriculture operations loans - $250k-1MM 3 $879 $293,000