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 Refi and Home Purchase 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 Platteville among others. We have data for 16 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% 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

    1,486

    Origination Dollar Volume (All Markets)

    $436,050,000

    Employee count

    250 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
    MADISON, WI (FHA|USDA|VA) 1,168 $361,080,000 $309,144 $1,930 3.05%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 182 $41,770,000 $229,505 $1,519 3.20%
    Baraboo, WI (FHA|USDA|VA) 51 $11,035,000 $216,373 $1,920 3.15%
    Outside of Metro Areas 40 $9,840,000 $246,000 $1,950 3.09%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 23 $7,665,000 $333,261 $1,596 3.26%
    Platteville, WI (FHA|USDA|VA) 4 $950,000 $237,500 $1,366 2.88%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 5 $885,000 $177,000 $2,094 2.88%
    Beaver Dam, WI (FHA|USDA|VA) 3 $495,000 $165,000 $1,420 2.75%
    APPLETON, WI (FHA|USDA|VA) 2 $490,000 $245,000 $1,866 3.00%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 2 $470,000 $235,000 $1,128 3.63%
    GREEN BAY, WI (FHA|USDA|VA) 1 $315,000 $315,000 $1,128 2.50%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $295,000 $295,000 $1,909 3.50%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $295,000 $295,000 $1,402 3.25%
    Whitewater, WI (FHA|USDA|VA) 1 $165,000 $165,000 $0 3.38%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $155,000 $155,000 $1,583 2.50%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.00%
    State Bank Of Cross Plains's top markets include Madison, Janesville, Baraboo, Milwaukee, and Platteville among others.

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

    Stillman Bank
    Similarity Rank: 350
    Hometown Bank
    Similarity Rank: 360
    Empower Credit Union
    Similarity Rank: 459
    Royal Bank
    Similarity Rank: 504
    Starion Bank
    Similarity Rank: 546
    Westbury Bank
    Similarity Rank: 612
    The Greenwood's State Bank
    Similarity Rank: 864
    Fox Valley Savings Bank
    Similarity Rank: 952
    Dane County Credit Union
    Similarity Rank: 979
    Guardian Credit Union
    Similarity Rank: 999

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,486 $436,050,000 $293,439 $1,875 3.08%

    For 2020, State Bank Of Cross Plains's most frequently originated type of loan was Conventional, with 1,486 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 792 $206,800,000 $261,111 $1,458 2.98%
    Home Purchase 347 $151,595,000 $436,873 $2,815 3.31%
    Cash Out Refi 338 $76,670,000 $226,834 $1,998 3.03%
    Home Improvement 5 $455,000 $91,000 $1,958 4.15%
    Other 4 $530,000 $132,500 $883 4.78%

    For 2020, State Bank Of Cross Plains's most frequently cited loan purpose was Refi, with 792 originations. The 2nd most popular reason was Home Purchase, with 347 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 839 $227,155,000 $270,745 $2,129 3.26%
    15 Year 415 $96,435,000 $232,373 $1,571 2.65%
    20 Year 124 $39,610,000 $319,435 $1,533 3.17%
    10 Year 66 $11,070,000 $167,727 $1,371 2.57%
    5 Year 17 $12,895,000 $758,529 $285 4.34%
    Other 13 $46,205,000 $3,554,231 $0 4.01%
    1 Year 6 $1,050,000 $175,000 $0 4.55%
    3 Year 5 $1,145,000 $229,000 $0 4.62%
    30+ year 1 $485,000 $485,000 $0 4.25%

    For 2020, State Bank Of Cross Plains's most frequently cited loan duration was 30 Year, with 839 originations. The 2nd most popular length was 15 Year, with 415 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 984 $240,100,000 $244,004
    $1k-2k 243 $63,505,000 $261,337
    $2k-3k 75 $23,215,000 $309,533
    $3k-4k 16 $4,950,000 $309,375
    $4k-5k 9 $3,065,000 $340,556
    $5k+ 8 $3,150,000 $393,750

    State Bank Of Cross Plains's average total fees were $2,129, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 984 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 616 $211,700,000 $343,669
    2.5-3% 531 $134,605,000 $253,493
    <2.5% 266 $56,690,000 $213,120
    4-5% 68 $32,420,000 $476,765
    5-6% 4 $600,000 $150,000
    7-8% 1 $35,000 $35,000

    During 2020, State Bank Of Cross Plains's average interest rate for loans was 3.26%, while their most frequently originated rate bucket for loans was 3-4%, with 616 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 684 $188,310,000 $275,307 $2,026 3.07%
    $100k-200k 503 $76,125,000 $151,342 $1,542 3.01%
    $400k-600k 140 $64,640,000 $461,714 $2,518 3.05%
    $100,000 or less 112 $8,380,000 $74,821 $1,289 3.26%
    $600k-1MM 27 $20,345,000 $753,519 $2,233 3.46%
    $1MM+ 20 $78,250,000 $3,912,500 $1,917 3.82%

    2020 saw State Bank Of Cross Plains place emphasis on $200k-400k loans with 684 originations, totaling $188,310,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 350 $87,050,000 $248,714 $1,968 3.07%
    $150k-250k 296 $87,810,000 $296,655 $2,019 3.03%
    $75k-100k 249 $54,115,000 $217,329 $1,917 3.10%
    $50k-75k 203 $35,455,000 $174,655 $1,694 3.00%
    $250k+ 128 $53,030,000 $414,297 $2,018 3.14%
    $50k or less 90 $11,750,000 $130,556 $1,583 3.06%

    State Bank Of Cross Plains lent most frequently to those with incomes in the $100k-150k range, with 350 originations. The second most popular income band? $150k-250k, with 296 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 497 $120,845,000 $243,149 $1,857 2.99%
    30-36% 277 $69,615,000 $251,318 $1,887 3.06%
    <20% 255 $61,725,000 $242,059 $1,711 2.91%
    39% 38 $8,680,000 $228,421 $1,956 3.11%
    37% 36 $8,720,000 $242,222 $1,832 3.11%
    42% 35 $8,185,000 $233,857 $1,986 3.23%
    40% 34 $9,260,000 $272,353 $2,166 3.03%
    36% 33 $8,595,000 $260,455 $2,288 3.13%
    41% 30 $8,100,000 $270,000 $2,099 3.00%
    38% 29 $6,635,000 $228,793 $1,805 3.05%
    43% 25 $6,985,000 $279,400 $2,189 3.17%
    44% 24 $4,820,000 $200,833 $1,565 3.15%
    45% 20 $5,770,000 $288,500 $1,807 3.05%
    46% 19 $5,805,000 $305,526 $2,801 3.10%
    48% 19 $4,765,000 $250,789 $1,796 3.08%
    47% 15 $4,765,000 $317,667 $1,946 3.13%
    49% 14 $3,040,000 $217,143 $1,861 3.00%
    >60% 12 $3,740,000 $311,667 $1,800 3.69%
    50-60% 5 $2,605,000 $521,000 $1,678 3.53%

    State Bank Of Cross Plains lent most frequently to those with DTI ratios of 20-30%, with 497 originations. The next most common DTI ratio? 30-36%, with 277 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,210 $293,220,000 $242,331 $1,851 3.04%
    Not applicable 67 $83,265,000 $1,242,761 $0 4.13%
    Not provided 147 $42,545,000 $289,422 $1,927 2.95%
    Asian Indian 24 $7,830,000 $326,250 $2,092 2.88%
    Asian 19 $4,075,000 $214,474 $2,380 3.06%
    Black 10 $2,660,000 $266,000 $2,100 3.08%
    American Indian 5 $1,105,000 $221,000 $2,603 2.90%
    Other Asian 1 $435,000 $435,000 $1,528 2.63%
    Korean 1 $365,000 $365,000 $2,396 3.38%
    Chinese 1 $325,000 $325,000 $3,875 3.00%
    Other Pacific Islander 1 $225,000 $225,000 $1,128 3.00%

    Approval Rates

    Total approvals of all applications
    94.12%

    State Bank Of Cross Plains has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.46%

    State Bank Of Cross Plains has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,486 $436,050,000 $293,439

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 22 $76,110,000 $3,459,545
    Single Family (1-4 Units):Manufactured 4 $580,000 $145,000
    Single Family (1-4 Units):Site-Built 1,460 $359,360,000 $246,137

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 124 $27,570,000 $222,339 $1,485 2.82%
    40-60% 399 $89,845,000 $225,175 $1,475 2.88%
    60-80% 686 $212,640,000 $309,971 $1,986 3.14%
    80-100% 255 $104,065,000 $408,098 $2,522 3.31%
    Under 20% 22 $1,930,000 $87,727 $813 3.58%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    STATE FARM BANK, FSB Conventional home mortgage Closing on a mortgage 3 15.8%
    STATE FARM BANK, FSB Conventional home mortgage Struggling to pay mortgage 2 10.5%
    STATE FARM BANK, FSB Conventional home mortgage Trouble during payment process 11 57.9%
    STATE FARM BANK, FSB Home equity loan or line of credit (HELOC) Struggling to pay mortgage 2 10.5%
    STATE FARM BANK, FSB Home equity loan or line of credit (HELOC) Trouble during payment process 1 5.3%

    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 $46,396
    State Bank of Cross Plains 108 North Main Street Verona, WI 53593 Full Service B&M $124,245
    State Bank of Cross Plains 110 Greenway Cross Belleville, WI 53508 Full Service B&M $41,856
    State Bank of Cross Plains 1205 Main Street Cross Plains, WI 53528 Full Service B&M $271,034
    State Bank of Cross Plains 1740 Business Highway 18-151 East Mount Horeb, WI 53572 Full Service B&M $124,892
    State Bank of Cross Plains 2 East Main Street Evansville, WI 53536 Full Service B&M $84,295
    State Bank of Cross Plains 210 Commercial Brooklyn, WI 53521 Full Service B&M $26,544
    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 $92,233
    State Bank of Cross Plains 512 Highway 69 New Glarus, WI 53574 Full Service B&M $32,866
    State Bank of Cross Plains 610 West Main Street Waunakee, WI 53597 Full Service B&M $151,629
    State Bank of Cross Plains 8309 University Avenue Middleton, WI 53562 Full Service B&M $216,665
    State Bank of Cross Plains 883 N. Main St Oregon, WI 53575 Full Service B&M $49,520

    For 2020, State Bank Of Cross Plains had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $54,962
    Net interest income $48,673
    Total noninterest income $19,239
    Gross Fiduciary activities income $2,682
    Service charges on deposit accounts $1,018
    Trading account gains and fees $0
    Additional Noninterest Income $15,539
    Pre-tax net operating income $20,345
    Securities gains (or losses, -) $11
    Income before extraordinary items $15,614
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $15,614
    Minority interest net income $0
    Net income $15,614
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $15,605

    State Bank Of Cross Plains's gross interest income from loans was $54,962,000.
    State Bank Of Cross Plains's net interest income from loans was $48,673,000.
    State Bank Of Cross Plains's fee based income from loans was $1,018,000.
    State Bank Of Cross Plains's net income from loans was $15,614,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,289
    Provision for credit losses $6,850
    Total noninterest expense $40,717
    Salaries and employee benefits $24,746
    Premises and equipment expense $4,136
    Additional noninterest expense $11,835
    Applicable income taxes $4,742
    Net charge-offs $3,693
    Cash dividends $5,275

    State Bank Of Cross Plains's interest expense for loans was $6,289,000.
    State Bank Of Cross Plains's payroll and benefits expense were $24,746,000.
    State Bank Of Cross Plains's property, plant and equipment expenses $4,136,000.

    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 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.1%
    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 $1,396,945
    Deposits held in domestic offices $1,396,945
    Deposits by Individuals, partnerships, and corporations $1,261,945
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $135,000
    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 $839,475
    Demand deposits $598,769
    Nontransaction accounts $557,470
    Money market deposit accounts (MMDAs) $203,480
    Other savings deposits (excluding MMDAs) $196,632
    Total time deposits $157,358
    Total time and savings deposits $798,176
    Noninterest-bearing deposits $343,843
    Interest-bearing deposits $1,053,102
    Retail deposits $1,374,452
    IRAs and Keogh plan accounts $23,096
    Brokered deposits $2,747
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,611,748
    Cash & Balances due from depository institutions $72,806
    Interest-bearing balances $18,263
    Total securities $212,079
    Federal funds sold & reverse repurchase $92,522
    Net loans and leases $1,138,238
    Loan and leases loss allowance $11,750
    Trading account assets $0
    Bank premises and fixed assets $23,253
    Other real estate owned $76
    Goodwill and other intangibles $22,299
    All other assets $50,475

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,611,748
    Total Liabilities $1,444,152
    Total deposits $1,396,945
    Interest-bearing deposits $1,053,102
    Deposits held in domestic offices $1,396,945
    % insured (estimated) $54
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $37,000
    Subordinated debt $0
    All other liabilities $10,207

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,138,238
    Loan and leases loss allowance $11,750
    Total loans and leases (domestic) $1,149,988
    All real estate loans $906,763
    Real estate loans in domestic offices $906,763
    Construction and development loans $114,313
    Residential 1-4 family construction $20,481
    Other construction, all land development and other land $93,832
    Loans secured by nonfarm nonresidential properties $384,425
    Nonfarm nonresidential secured by owner-occupied properties $126,022
    Commercial real estate & other non-farm, non-residential $258,403
    Multifamily residential real estate $124,749
    1-4 family residential loans $200,246
    Farmland loans $83,030
    Loans held in foreign offices $0
    Farm loans $32,722
    Commercial and industrial loans $187,267
    To non-U.S. addressees $0
    Loans to individuals $14,127
    Credit card loans $4,067
    Related Plans $0
    Consumer Auto Loans $2,558
    Other loans to individuals $7,502
    All other loans & leases $9,109
    Loans to foreign governments and official institutions $0
    Other loans $341
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $12,229
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $562
    Non 1-4 family restructured loans & leases $534
    Total loans and leases (foreign) $0

    State Bank of Cross Plains had $1,138,238,000 of loans outstanding in 2020. $906,763,000 of loans were in real estate loans. $114,313,000 of loans were in development loans. $124,749,000 of loans were in multifamily mortgage loans. $200,246,000 of loans were in 1-4 family mortgage loans. $32,722,000 of loans were in farm loans. $4,067,000 of loans were in credit card loans. $2,558,000 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 362 $96,493 $266,555
    Nonfarm, nonresidential loans - <$100k 64 $2,273 $35,516
    Nonfarm, nonresidential loans - $100-250k 103 $13,533 $131,388
    Nonfarm, nonresidential loans - $250k-1MM 195 $80,687 $413,779
    Commercial & Industrial, US addressed loans - <$1MM 1,488 $100,054 $67,241
    Commercial & Industrial, US addressed loans - <$100k 1,042 $24,223 $23,247
    Commercial & Industrial, US addressed loans - $100-250k 269 $28,850 $107,249
    Commercial & Industrial, US addressed loans - $250k-1MM 177 $46,981 $265,429
    Farmland loans - <$1MM 169 $21,129 $125,024
    Farmland loans - <$100k 47 $1,836 $39,064
    Farmland loans - $100-250k 71 $8,539 $120,268
    Farmland loans - $250k-1MM 51 $10,754 $210,863
    Agriculture operations loans - <$1MM 272 $18,869 $69,371
    Agriculture operations loans - <$100k 169 $3,977 $23,533
    Agriculture operations loans - $100-250k 65 $7,099 $109,215
    Agriculture operations loans - $250k-1MM 38 $7,793 $205,079