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

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  • 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 and Refi loans. State Bank Of Cross Plains has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Janesville, Baraboo, Milwaukee, and Watertown among others. We have data for 13 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.40% 4/18/24
    30 Year Conventional Refi 6.20% 4/18/24
    30 Year Cash-out Refi 6.43% 4/18/24
    15 Year Conventional Purchase 5.81% 4/18/24
    15 Year Conventional Refi 5.72% 4/18/24
    15 Year Cash-out Refi 5.72% 4/18/24
    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

    646

    Origination Dollar Volume (All Markets)

    $211,840,000

    Employee count

    235 Show all (7) 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) 523 $185,705,000 $355,076 $2,430 3.95%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 49 $10,465,000 $213,571 $1,585 3.88%
    Outside of Metro Areas 29 $4,555,000 $157,069 $1,898 3.76%
    Baraboo, WI (FHA|USDA|VA) 18 $3,710,000 $206,111 $2,009 4.04%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 11 $3,555,000 $323,182 $2,554 3.82%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 3 $1,365,000 $455,000 $2,116 3.83%
    Platteville, WI (FHA|USDA|VA) 2 $660,000 $330,000 $1,687 3.88%
    APPLETON, WI (FHA|USDA|VA) 3 $525,000 $175,000 $1,893 3.58%
    Whitewater, WI (FHA|USDA|VA) 2 $360,000 $180,000 $2,228 3.81%
    Beaver Dam, WI (FHA|USDA|VA) 3 $355,000 $118,333 $1,982 3.58%
    GREEN BAY, WI (FHA|USDA|VA) 1 $335,000 $335,000 $1,698 3.00%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $125,000 $125,000 $2,550 4.25%
    SHEBOYGAN, WI (FHA|USDA|VA) 1 $125,000 $125,000 $1,683 3.75%
    State Bank Of Cross Plains's top markets include Madison, Janesville, Baraboo, Milwaukee, and Watertown 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: 8
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    Similarity Rank: 117
    Empower Credit Union
    Similarity Rank: 144
    EDUCATORS CREDIT UNION
    Similarity Rank: 264
    Dane County Credit Union
    Similarity Rank: 315
    Heartland Credit Union (Madison)
    Similarity Rank: 384
    First Community Credit Union
    Similarity Rank: 390
    Kohler Credit Union
    Similarity Rank: 418
    The Park Bank
    Similarity Rank: 425
    Westbury Bank
    Similarity Rank: 437

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 646 $211,840,000 $327,926 $2,323 3.93%

    For 2019, State Bank Of Cross Plains's most frequently originated type of loan was Conventional, with 646 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 340 $124,750,000 $366,912 $2,767 4.02%
    Refi 193 $59,885,000 $310,285 $1,702 3.77%
    Cash Out Refi 98 $24,350,000 $248,469 $2,169 3.85%
    Home Improvement 8 $1,090,000 $136,250 $1,407 4.79%
    Other 7 $1,765,000 $252,143 $1,946 3.82%

    For 2019, State Bank Of Cross Plains's most frequently cited loan purpose was Home Purchase, with 340 originations. The 2nd most popular reason was Refi, with 193 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 474 $127,150,000 $268,249 $2,456 3.97%
    15 Year 103 $24,865,000 $241,408 $1,890 3.36%
    20 Year 27 $6,815,000 $252,407 $2,115 3.97%
    5 Year 20 $33,510,000 $1,675,500 $282 4.91%
    10 Year 8 $1,260,000 $157,500 $1,493 4.39%
    Other 7 $16,155,000 $2,307,857 $0 4.96%
    1 Year 5 $1,725,000 $345,000 $2,927 4.90%
    3 Year 2 $360,000 $180,000 $0 5.25%

    For 2019, State Bank Of Cross Plains's most frequently cited loan duration was 30 Year, with 474 originations. The 2nd most popular length was 15 Year, with 103 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 378 $95,020,000 $251,376
    $1k-2k 125 $34,035,000 $272,280
    $2k-3k 41 $12,265,000 $299,146
    $3k-4k 12 $3,670,000 $305,833
    $4k-5k 7 $2,675,000 $382,143
    $5k+ 5 $1,685,000 $337,000

    State Bank Of Cross Plains's average total fees were $2,456, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 378 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 447 $120,395,000 $269,340
    4-5% 152 $71,020,000 $467,237
    5-6% 26 $16,530,000 $635,769
    2.5-3% 16 $3,440,000 $215,000
    6-7% 4 $350,000 $87,500
    7-8% 1 $105,000 $105,000

    During 2019, State Bank Of Cross Plains's average interest rate for loans was 3.97%, while their most frequently originated rate bucket for loans was 3-4%, with 447 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 332 $91,830,000 $276,596 $2,624 3.88%
    $100k-200k 182 $28,380,000 $155,934 $1,879 3.93%
    $400k-600k 56 $26,290,000 $469,464 $2,567 3.82%
    $100,000 or less 44 $3,280,000 $74,545 $1,578 4.16%
    $600k-1MM 20 $14,730,000 $736,500 $1,610 4.13%
    $1MM+ 12 $47,330,000 $3,944,167 $901 4.68%

    2019 saw State Bank Of Cross Plains place emphasis on $200k-400k loans with 332 originations, totaling $91,830,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 170 $45,570,000 $268,059 $2,541 3.82%
    $150k-250k 132 $41,180,000 $311,970 $2,538 3.75%
    $75k-100k 93 $20,425,000 $219,624 $2,394 4.00%
    $50k-75k 81 $14,895,000 $183,889 $2,055 3.85%
    $250k+ 54 $22,960,000 $425,185 $2,105 3.83%
    $50k or less 43 $5,975,000 $138,953 $1,734 3.91%

    State Bank Of Cross Plains lent most frequently to those with incomes in the $100k-150k range, with 170 originations. The second most popular income band? $150k-250k, with 132 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 175 $47,515,000 $271,514 $2,373 3.79%
    30-36% 121 $30,575,000 $252,686 $2,562 3.94%
    <20% 107 $26,835,000 $250,794 $1,919 3.64%
    37% 18 $3,770,000 $209,444 $2,119 4.07%
    42% 17 $4,835,000 $284,412 $2,922 4.06%
    40% 17 $4,495,000 $264,412 $2,743 3.86%
    41% 17 $4,415,000 $259,706 $1,978 4.09%
    36% 15 $3,565,000 $237,667 $2,600 3.74%
    38% 15 $3,715,000 $247,667 $2,358 3.78%
    47% 13 $3,565,000 $274,231 $2,265 3.70%
    43% 13 $4,525,000 $348,077 $2,547 3.95%
    39% 12 $3,020,000 $251,667 $2,357 3.98%
    46% 11 $2,985,000 $271,364 $2,702 3.98%
    48% 11 $2,695,000 $245,000 $2,402 4.13%
    44% 10 $2,560,000 $256,000 $1,488 3.81%
    45% 9 $3,075,000 $341,667 $1,968 3.69%
    49% 5 $1,215,000 $243,000 $3,144 4.13%
    50-60% 5 $1,755,000 $351,000 $1,872 3.90%
    >60% 3 $655,000 $218,333 $1,401 4.13%

    State Bank Of Cross Plains lent most frequently to those with DTI ratios of 20-30%, with 175 originations. The next most common DTI ratio? 30-36%, with 121 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 518 $133,390,000 $257,510 $2,241 3.84%
    Not applicable 51 $55,785,000 $1,093,824 $0 4.96%
    Not provided 34 $9,080,000 $267,059 $2,452 3.82%
    Asian 24 $6,990,000 $291,250 $3,015 3.66%
    Asian Indian 11 $3,545,000 $322,273 $3,992 4.03%
    Filipino 1 $1,205,000 $1,205,000 $901 3.88%
    Black 3 $545,000 $181,667 $2,605 5.16%
    American Indian 1 $515,000 $515,000 $1,642 4.00%
    Chinese 2 $410,000 $205,000 $2,583 3.44%
    Korean 1 $375,000 $375,000 $5,004 4.50%

    Approval Rates

    Total approvals of all applications
    93.80%

    State Bank Of Cross Plains has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.52%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 646 $211,840,000 $327,926

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 18 $48,690,000 $2,705,000
    Single Family (1-4 Units):Manufactured 3 $355,000 $118,333
    Single Family (1-4 Units):Site-Built 625 $162,795,000 $260,472

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $4,940,000 $154,375 $1,744 3.78%
    40-60% 112 $31,470,000 $280,982 $1,763 3.74%
    60-80% 307 $115,245,000 $375,391 $2,291 3.91%
    80-100% 184 $58,980,000 $320,543 $2,894 4.04%
    Over 100% 1 $105,000 $105,000 $1,001 3.63%
    Under 20% 10 $1,100,000 $110,000 $915 5.12%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    STATE FARM BANK, FSB Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 16.7%
    STATE FARM BANK, FSB Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 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 5 41.7%
    STATE FARM BANK, FSB Home equity loan or line of credit (HELOC) Trouble during payment process 2 16.7%
    STATE FARM BANK, FSB VA mortgage Trouble during payment process 1 8.3%

    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 $40,477
    State Bank of Cross Plains 108 North Main Street Verona, WI 53593 Full Service B&M $110,416
    State Bank of Cross Plains 110 Greenway Cross Belleville, WI 53508 Full Service B&M $53,101
    State Bank of Cross Plains 1205 Main Street Cross Plains, WI 53528 Full Service B&M $218,197
    State Bank of Cross Plains 1740 Business Highway 18-151 East Mount Horeb, WI 53572 Full Service B&M $104,106
    State Bank of Cross Plains 2 East Main Street Evansville, WI 53536 Full Service B&M $86,401
    State Bank of Cross Plains 210 Commercial Brooklyn, WI 53521 Full Service B&M $15,639
    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 $49,386
    State Bank of Cross Plains 512 Highway 69 New Glarus, WI 53574 Full Service B&M $30,769
    State Bank of Cross Plains 610 West Main Street Waunakee, WI 53597 Full Service B&M $128,175
    State Bank of Cross Plains 744 North Main Street Oregon, WI 53575 Full Service B&M $17,552
    State Bank of Cross Plains 8309 University Avenue Middleton, WI 53562 Full Service B&M $181,961
    State Bank of Cross Plains 883 N. Main St Oregon, WI 53575 Full Service B&M $25,856

    For 2019, State Bank Of Cross Plains had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $48,599
    Net interest income $38,677
    Total noninterest income $11,931
    Gross Fiduciary activities income $2,380
    Service charges on deposit accounts $1,157
    Trading account gains and fees $0
    Additional Noninterest Income $8,394
    Pre-tax net operating income $14,961
    Securities gains (or losses, -) $8
    Income before extraordinary items $11,410
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,410
    Minority interest net income $0
    Net income $11,410
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,403

    State Bank Of Cross Plains's gross interest income from loans was $48,599,000.
    State Bank Of Cross Plains's net interest income from loans was $38,677,000.
    State Bank Of Cross Plains's fee based income from loans was $1,157,000.
    State Bank Of Cross Plains's net income from loans was $11,410,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $9,922
    Provision for credit losses $1,900
    Total noninterest expense $33,747
    Salaries and employee benefits $17,832
    Premises and equipment expense $3,857
    Additional noninterest expense $12,058
    Applicable income taxes $3,559
    Net charge-offs $389
    Cash dividends $4,290

    State Bank Of Cross Plains's interest expense for loans was $9,922,000.
    State Bank Of Cross Plains's payroll and benefits expense were $17,832,000.
    State Bank Of Cross Plains's property, plant and equipment expenses $3,857,000.

    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 $1,149,464
    Deposits held in domestic offices $1,149,464
    Deposits by Individuals, partnerships, and corporations $1,026,424
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $123,040
    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 $240,156
    Demand deposits $201,091
    Nontransaction accounts $909,308
    Money market deposit accounts (MMDAs) $161,431
    Other savings deposits (excluding MMDAs) $570,231
    Total time deposits $177,646
    Total time and savings deposits $948,373
    Noninterest-bearing deposits $237,387
    Interest-bearing deposits $912,076
    Retail deposits $1,125,174
    IRAs and Keogh plan accounts $25,178
    Brokered deposits $702
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,322,152
    Cash & Balances due from depository institutions $26,802
    Interest-bearing balances $5,961
    Total securities $152,265
    Federal funds sold & reverse repurchase $7,184
    Net loans and leases $1,038,403
    Loan and leases loss allowance $8,593
    Trading account assets $0
    Bank premises and fixed assets $24,397
    Other real estate owned $0
    Goodwill and other intangibles $23,507
    All other assets $49,594

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,322,152
    Total Liabilities $1,168,948
    Total deposits $1,149,464
    Interest-bearing deposits $912,076
    Deposits held in domestic offices $1,149,464
    % insured (estimated) $64
    Federal funds purchased and repurchase agreements $5,406
    Trading liabilities $0
    Other borrowed funds $5,000
    Subordinated debt $0
    All other liabilities $9,078

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,038,403
    Loan and leases loss allowance $8,593
    Total loans and leases (domestic) $1,046,996
    All real estate loans $835,928
    Real estate loans in domestic offices $835,928
    Construction and development loans $130,015
    Residential 1-4 family construction $24,197
    Other construction, all land development and other land $105,818
    Loans secured by nonfarm nonresidential properties $338,000
    Nonfarm nonresidential secured by owner-occupied properties $108,443
    Commercial real estate & other non-farm, non-residential $229,557
    Multifamily residential real estate $79,200
    1-4 family residential loans $231,723
    Farmland loans $56,990
    Loans held in foreign offices $0
    Farm loans $37,443
    Commercial and industrial loans $144,666
    To non-U.S. addressees $0
    Loans to individuals $14,700
    Credit card loans $4,710
    Related Plans $0
    Consumer Auto Loans $3,842
    Other loans to individuals $6,148
    All other loans & leases $14,258
    Loans to foreign governments and official institutions $0
    Other loans $2,184
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $11,451
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,253
    Non 1-4 family restructured loans & leases $514
    Total loans and leases (foreign) $0

    State Bank of Cross Plains had $1,038,403,000 of loans outstanding in 2019. $835,928,000 of loans were in real estate loans. $130,015,000 of loans were in development loans. $79,200,000 of loans were in multifamily mortgage loans. $231,723,000 of loans were in 1-4 family mortgage loans. $37,443,000 of loans were in farm loans. $4,710,000 of loans were in credit card loans. $3,842,000 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 354 $89,688 $253,356
    Nonfarm, nonresidential loans - <$100k 65 $2,626 $40,400
    Nonfarm, nonresidential loans - $100-250k 108 $14,264 $132,074
    Nonfarm, nonresidential loans - $250k-1MM 181 $72,798 $402,199
    Commercial & Industrial, US addressed loans - <$1MM 899 $66,439 $73,903
    Commercial & Industrial, US addressed loans - <$100k 571 $14,218 $24,900
    Commercial & Industrial, US addressed loans - $100-250k 202 $19,650 $97,277
    Commercial & Industrial, US addressed loans - $250k-1MM 126 $32,571 $258,500
    Farmland loans - <$1MM 191 $23,632 $123,728
    Farmland loans - <$100k 52 $2,012 $38,692
    Farmland loans - $100-250k 91 $10,867 $119,418
    Farmland loans - $250k-1MM 48 $10,753 $224,021
    Agriculture operations loans - <$1MM 309 $22,515 $72,864
    Agriculture operations loans - <$100k 196 $5,277 $26,923
    Agriculture operations loans - $100-250k 72 $8,913 $123,792
    Agriculture operations loans - $250k-1MM 41 $8,325 $203,049