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, Milwaukee, Baraboo, and Platteville among others. We have data for 15 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

    1,074

    Origination Dollar Volume (All Markets)

    $339,570,000

    Employee count

    249 Show all (8) 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) 794 $278,310,000 $350,516 $2,167 2.86%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 167 $27,865,000 $166,856 $1,670 3.14%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 23 $9,835,000 $427,609 $2,202 2.93%
    Outside of Metro Areas 41 $9,815,000 $239,390 $1,940 2.86%
    Baraboo, WI (FHA|USDA|VA) 28 $6,780,000 $242,143 $2,051 2.93%
    Platteville, WI (FHA|USDA|VA) 4 $2,160,000 $540,000 $2,366 3.35%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 6 $1,570,000 $261,667 $2,062 2.81%
    GREEN BAY, WI (FHA|USDA|VA) 3 $895,000 $298,333 $1,802 2.75%
    SHEBOYGAN, WI (FHA|USDA|VA) 2 $740,000 $370,000 $1,668 2.94%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $445,000 $445,000 $1,466 3.13%
    APPLETON, WI (FHA|USDA|VA) 1 $355,000 $355,000 $1,128 2.38%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $335,000 $335,000 $1,355 3.00%
    Beaver Dam, WI (FHA|USDA|VA) 1 $255,000 $255,000 $1,853 2.75%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $105,000 $105,000 $1,428 2.88%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $105,000 $105,000 $1,766 2.00%
    State Bank Of Cross Plains's top markets include Madison, Janesville, Milwaukee, Baraboo, and Platteville 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.

    SENB Bank
    Similarity Rank: 396
    DMB Community Bank
    Similarity Rank: 400
    Dane County Credit Union
    Similarity Rank: 531
    NORTHWESTERN MUTUAL
    Similarity Rank: 670
    Starion Bank
    Similarity Rank: 900
    Badger Bank
    Similarity Rank: 913
    Monona Bank
    Similarity Rank: 949
    Mound City Bank
    Similarity Rank: 966
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    Similarity Rank: 1007
    Bank of Sun Prairie
    Similarity Rank: 1056

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,074 $339,570,000 $316,173 $2,084 2.90%

    For 2021, State Bank Of Cross Plains's most frequently originated type of loan was Conventional, with 1,074 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 416 $131,670,000 $316,514 $1,643 2.69%
    Home Purchase 409 $144,235,000 $352,653 $2,769 3.16%
    Cash Out Refi 231 $56,655,000 $245,260 $1,900 2.82%
    Other 14 $3,690,000 $263,571 $1,721 2.91%
    Home Improvement 4 $3,320,000 $830,000 $1,655 3.81%

    For 2021, State Bank Of Cross Plains's most frequently cited loan purpose was Refi, with 416 originations. The 2nd most popular reason was Home Purchase, with 409 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 640 $196,210,000 $306,578 $2,363 3.07%
    15 Year 249 $57,085,000 $229,257 $1,665 2.35%
    20 Year 86 $17,480,000 $203,256 $1,636 2.76%
    10 Year 40 $10,900,000 $272,500 $1,418 2.47%
    5 Year 30 $39,020,000 $1,300,667 $346 4.05%
    Other 22 $17,410,000 $791,364 $0 3.92%
    3 Year 6 $1,360,000 $226,667 $2,758 3.97%
    1 Year 1 $105,000 $105,000 $0 4.25%

    For 2021, State Bank Of Cross Plains's most frequently cited loan duration was 30 Year, with 640 originations. The 2nd most popular length was 15 Year, with 249 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 663 $185,425,000 $279,676
    $1k-2k 170 $44,690,000 $262,882
    $2k-3k 51 $16,985,000 $333,039
    $3k-4k 22 $7,380,000 $335,455
    $4k-5k 9 $3,365,000 $373,889
    $5k+ 6 $2,190,000 $365,000

    State Bank Of Cross Plains's average total fees were $2,363, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 663 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 497 $142,525,000 $286,771
    <2.5% 276 $58,580,000 $212,246
    3-4% 244 $129,130,000 $529,221
    4-5% 54 $9,190,000 $170,185
    5-6% 3 $145,000 $48,333

    During 2021, State Bank Of Cross Plains's average interest rate for loans was 3.07%, while their most frequently originated rate bucket for loans was 2.5-3%, with 497 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 431 $123,165,000 $285,766 $2,322 2.85%
    $100k-200k 361 $54,325,000 $150,485 $1,617 2.82%
    $400k-600k 117 $55,585,000 $475,085 $2,961 2.86%
    $100,000 or less 99 $7,085,000 $71,566 $1,335 3.29%
    $600k-1MM 35 $25,605,000 $731,571 $2,042 3.11%
    $1MM+ 31 $73,805,000 $2,380,806 $2,215 3.42%

    2021 saw State Bank Of Cross Plains place emphasis on $200k-400k loans with 431 originations, totaling $123,165,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 227 $57,155,000 $251,784 $2,187 2.82%
    $150k-250k 206 $71,220,000 $345,728 $2,288 2.76%
    $75k-100k 159 $36,235,000 $227,893 $2,161 2.79%
    $50k-75k 157 $27,435,000 $174,745 $1,762 2.81%
    $250k+ 112 $59,020,000 $526,964 $2,384 3.03%
    $50k or less 94 $13,070,000 $139,043 $1,688 2.81%

    State Bank Of Cross Plains lent most frequently to those with incomes in the $100k-150k range, with 227 originations. The second most popular income band? $150k-250k, with 206 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 305 $79,405,000 $260,344 $2,051 2.71%
    30-36% 187 $53,455,000 $285,856 $2,113 2.84%
    <20% 156 $48,230,000 $309,167 $2,014 2.67%
    38% 34 $9,630,000 $283,235 $2,131 2.90%
    36% 32 $8,160,000 $255,000 $2,231 2.79%
    47% 29 $5,485,000 $189,138 $2,046 3.46%
    43% 27 $7,555,000 $279,815 $2,384 3.03%
    44% 26 $5,960,000 $229,231 $1,842 2.74%
    39% 26 $6,480,000 $249,231 $1,962 2.87%
    45% 24 $7,540,000 $314,167 $2,703 2.97%
    37% 23 $7,945,000 $345,435 $2,165 2.95%
    40% 22 $5,130,000 $233,182 $1,811 2.66%
    42% 21 $6,735,000 $320,714 $2,316 2.88%
    41% 21 $4,515,000 $215,000 $1,846 2.82%
    46% 16 $5,170,000 $323,125 $1,887 2.88%
    49% 15 $3,685,000 $245,667 $2,844 3.03%
    48% 13 $3,065,000 $235,769 $1,922 2.86%
    50-60% 9 $2,875,000 $319,444 $1,966 2.79%
    >60% 4 $1,040,000 $260,000 $1,390 3.31%

    State Bank Of Cross Plains lent most frequently to those with DTI ratios of 20-30%, with 305 originations. The next most common DTI ratio? 30-36%, with 187 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 847 $230,275,000 $271,871 $2,063 2.82%
    Not applicable 77 $65,815,000 $854,740 $0 4.09%
    Not provided 107 $29,035,000 $271,355 $2,074 2.71%
    Asian Indian 18 $7,240,000 $402,222 $2,879 2.92%
    Asian 18 $5,010,000 $278,333 $2,485 2.93%
    American Indian 2 $710,000 $355,000 $1,340 3.06%
    Filipino 2 $710,000 $355,000 $2,396 3.06%
    Other Asian 2 $460,000 $230,000 $1,779 2.50%
    Black 1 $315,000 $315,000 $2,980 3.13%

    Approval Rates

    Total approvals of all applications
    93.45%

    State Bank Of Cross Plains has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.24%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,074 $339,570,000 $316,173

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,074 $339,570,000 $316,173

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 99 $20,225,000 $204,293 $1,689 2.60%
    40-60% 295 $67,635,000 $229,271 $1,628 2.68%
    60-80% 450 $161,120,000 $358,044 $2,167 3.05%
    80-100% 217 $89,375,000 $411,866 $2,814 3.03%
    Under 20% 13 $1,215,000 $93,462 $986 3.22%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    STATE FARM BANK, FSB Conventional home mortgage Incorrect information on your report 1 25.0%
    STATE FARM BANK, FSB Conventional home mortgage Trouble during payment process 2 50.0%
    STATE FARM BANK, FSB Other type of mortgage Trouble during payment process 1 25.0%

    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 $51,944
    State Bank of Cross Plains 108 North Main Street Verona, WI 53593 Full Service B&M $139,207
    State Bank of Cross Plains 110 Greenway Cross Belleville, WI 53508 Full Service B&M $52,168
    State Bank of Cross Plains 1205 Main Street Cross Plains, WI 53528 Full Service B&M $337,952
    State Bank of Cross Plains 1740 Business Highway 18-151 East Mount Horeb, WI 53572 Full Service B&M $138,560
    State Bank of Cross Plains 2 East Main Street Evansville, WI 53536 Full Service B&M $85,676
    State Bank of Cross Plains 210 Commercial Brooklyn, WI 53521 Full Service B&M $20,942
    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 $88,746
    State Bank of Cross Plains 512 Highway 69 New Glarus, WI 53574 Full Service B&M $33,002
    State Bank of Cross Plains 610 West Main Street Waunakee, WI 53597 Full Service B&M $167,108
    State Bank of Cross Plains 8309 University Avenue Middleton, WI 53562 Full Service B&M $244,536
    State Bank of Cross Plains 883 N. Main St Oregon, WI 53575 Full Service B&M $46,940

    For 2021, State Bank Of Cross Plains had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $54,933
    Net interest income $51,152
    Total noninterest income $20,173
    Gross Fiduciary activities income $3,203
    Service charges on deposit accounts $1,066
    Trading account gains and fees $0
    Additional Noninterest Income $15,904
    Pre-tax net operating income $23,217
    Securities gains (or losses, -) $1,430
    Income before extraordinary items $18,893
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $18,893
    Minority interest net income $0
    Net income $18,893
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $17,763

    State Bank Of Cross Plains's gross interest income from loans was $54,933,000.
    State Bank Of Cross Plains's net interest income from loans was $51,152,000.
    State Bank Of Cross Plains's fee based income from loans was $1,066,000.
    State Bank Of Cross Plains's net income from loans was $18,893,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,781
    Provision for credit losses $6,800
    Total noninterest expense $41,308
    Salaries and employee benefits $24,986
    Premises and equipment expense $4,098
    Additional noninterest expense $12,224
    Applicable income taxes $5,754
    Net charge-offs $74
    Cash dividends $6,300

    State Bank Of Cross Plains's interest expense for loans was $3,781,000.
    State Bank Of Cross Plains's payroll and benefits expense were $24,986,000.
    State Bank Of Cross Plains's property, plant and equipment expenses $4,098,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    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 0.2%
    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 $1,484,471
    Deposits held in domestic offices $1,484,471
    Deposits by Individuals, partnerships, and corporations $1,380,891
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $103,579
    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 $832,550
    Demand deposits $600,541
    Nontransaction accounts $651,920
    Money market deposit accounts (MMDAs) $283,814
    Other savings deposits (excluding MMDAs) $235,569
    Total time deposits $132,536
    Total time and savings deposits $883,929
    Noninterest-bearing deposits $412,828
    Interest-bearing deposits $1,071,643
    Retail deposits $1,465,963
    IRAs and Keogh plan accounts $20,651
    Brokered deposits $2,257
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,674,085
    Cash & Balances due from depository institutions $48,152
    Interest-bearing balances $19,489
    Total securities $274,944
    Federal funds sold & reverse repurchase $95,914
    Net loans and leases $1,157,347
    Loan and leases loss allowance $18,477
    Trading account assets $0
    Bank premises and fixed assets $19,439
    Other real estate owned $0
    Goodwill and other intangibles $22,990
    All other assets $55,299

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,674,085
    Total Liabilities $1,498,164
    Total deposits $1,484,471
    Interest-bearing deposits $1,071,643
    Deposits held in domestic offices $1,484,471
    % insured (estimated) $56
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $5,000
    Subordinated debt $0
    All other liabilities $8,693

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,157,347
    Loan and leases loss allowance $18,477
    Total loans and leases (domestic) $1,175,824
    All real estate loans $964,752
    Real estate loans in domestic offices $964,752
    Construction and development loans $94,913
    Residential 1-4 family construction $14,473
    Other construction, all land development and other land $80,440
    Loans secured by nonfarm nonresidential properties $423,413
    Nonfarm nonresidential secured by owner-occupied properties $164,429
    Commercial real estate & other non-farm, non-residential $258,984
    Multifamily residential real estate $153,544
    1-4 family residential loans $210,127
    Farmland loans $82,755
    Loans held in foreign offices $0
    Farm loans $34,405
    Commercial and industrial loans $154,089
    To non-U.S. addressees $0
    Loans to individuals $11,591
    Credit card loans $4,169
    Related Plans $0
    Consumer Auto Loans $1,572
    Other loans to individuals $5,850
    All other loans & leases $10,986
    Loans to foreign governments and official institutions $0
    Other loans $4,890
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $5,714
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $5,375
    Non 1-4 family restructured loans & leases $5,350
    Total loans and leases (foreign) $0

    State Bank of Cross Plains had $1,157,347,000 of loans outstanding in 2021. $964,752,000 of loans were in real estate loans. $94,913,000 of loans were in development loans. $153,544,000 of loans were in multifamily mortgage loans. $210,127,000 of loans were in 1-4 family mortgage loans. $34,405,000 of loans were in farm loans. $4,169,000 of loans were in credit card loans. $1,572,000 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 347 $90,931 $262,049
    Nonfarm, nonresidential loans - <$100k 59 $2,297 $38,932
    Nonfarm, nonresidential loans - $100-250k 102 $12,577 $123,304
    Nonfarm, nonresidential loans - $250k-1MM 186 $76,057 $408,909
    Commercial & Industrial, US addressed loans - <$1MM 1,042 $77,582 $74,455
    Commercial & Industrial, US addressed loans - <$100k 670 $16,147 $24,100
    Commercial & Industrial, US addressed loans - $100-250k 229 $23,210 $101,354
    Commercial & Industrial, US addressed loans - $250k-1MM 143 $38,225 $267,308
    Farmland loans - <$1MM 154 $19,042 $123,649
    Farmland loans - <$100k 38 $1,426 $37,526
    Farmland loans - $100-250k 68 $7,753 $114,015
    Farmland loans - $250k-1MM 48 $9,863 $205,479
    Agriculture operations loans - <$1MM 295 $19,102 $64,753
    Agriculture operations loans - <$100k 189 $4,122 $21,810
    Agriculture operations loans - $100-250k 70 $7,701 $110,014
    Agriculture operations loans - $250k-1MM 36 $7,279 $202,194