Crossroads Bank Mortgage Rates, Fees & Info

Yoakum, TX

LEI: 549300JPWAKLM047FK81

Tax ID: 74-0625605

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Mortgage Data

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

    Crossroads Bank is a smaller bank specializing in Home Purchase loans. Crossroads Bank has a high proportion of conventional loans. Their top markets by origination volume include: Victoria, Rockport, Port Lavaca, Abilene, and San Antonio among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Crossroads Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    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.

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    Originations

    97

    Origination Dollar Volume (All Markets)

    $10,275,000

    Employee count

    43

    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
    Outside of Metro Areas 72 $6,230,000 $86,528 $0 0.00%
    VICTORIA, TX (FHA|USDA|VA) 14 $1,910,000 $136,429 $0 0.00%
    Rockport, TX (FHA|USDA|VA) 3 $625,000 $208,333 $0 0.00%
    Port Lavaca, TX (FHA|USDA|VA) 2 $460,000 $230,000 $0 0.00%
    ABILENE, TX (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $280,000 $140,000 $0 0.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Bay City, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Crossroads Bank's top markets include Victoria, Rockport, Port Lavaca, Abilene, and San Antonio among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 97 $10,275,000 $105,928 $0 0.00%

    For 2018, Crossroads Bank's most frequently originated type of loan was Conventional, with 97 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 65 $7,265,000 $111,769 $0 0.00%
    Home Improvement 14 $1,560,000 $111,429 $0 0.00%
    Other 7 $655,000 $93,571 $0 0.00%
    Cash Out Refi 5 $505,000 $101,000 $0 0.00%
    NA 4 $160,000 $40,000 $0 0.00%
    Refi 2 $130,000 $65,000 $0 0.00%

    For 2018, Crossroads Bank's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Home Improvement, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 97 $10,275,000 $105,928 $0 0.00%

    For 2018, Crossroads Bank's most frequently cited loan duration was Other, with 97 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 68 $3,710,000 $54,559 $0 0.00%
    $100k-200k 15 $2,005,000 $133,667 $0 0.00%
    $200k-400k 12 $3,440,000 $286,667 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%
    $600k-1MM 1 $715,000 $715,000 $0 0.00%

    2018 saw Crossroads Bank place emphasis on $100,000 or less loans with 68 originations, totaling $3,710,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 28 $1,620,000 $57,857 $0 0.00%
    $50k-75k 26 $2,060,000 $79,231 $0 0.00%
    $100k-150k 16 $2,350,000 $146,875 $0 0.00%
    $75k-100k 13 $1,205,000 $92,692 $0 0.00%
    $150k-250k 5 $1,305,000 $261,000 $0 0.00%
    $250k+ 4 $860,000 $215,000 $0 0.00%

    Crossroads Bank lent most frequently to those with incomes in the $50k or less range, with 28 originations. The second most popular income band? $50k-75k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 97 $10,275,000 $105,928 $0 0.00%

    Crossroads Bank lent most frequently to those with DTI ratios of Exempt%, with 97 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 85 $8,915,000 $104,882 $0 0.00%
    Not applicable 6 $1,060,000 $176,667 $0 0.00%
    Black 6 $300,000 $50,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.99%

    Crossroads Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.69%

    Crossroads Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 97 $10,275,000 $105,928

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $715,000 $715,000
    Single Family (1-4 Units):Manufactured 12 $520,000 $43,333
    Single Family (1-4 Units):Site-Built 84 $9,040,000 $107,619

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CHERRY CREEK MORTGAGE COMPANY INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    CHERRY CREEK MORTGAGE COMPANY INC. Conventional home mortgage Closing on a mortgage 1 20.0%
    CHERRY CREEK MORTGAGE COMPANY INC. Conventional home mortgage Trouble during payment process 2 40.0%
    CHERRY CREEK MORTGAGE COMPANY INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First State Bank 201 N.Lavaca Street Moulton, TX 77975 Full Service B&M $27,605
    First State Bank 406 West Grand Avenue Yoakum, TX 77995 Full Service B&M $134,251
    First State Bank 4611 East Airline Road, Suite 100 Victoria, TX 77904 Full Service B&M $10,040

    For 2018, Crossroads Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,215
    Net interest income $7,335
    Total noninterest income $1,178
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $760
    Trading account gains and fees $0
    Additional Noninterest Income $418
    Pre-tax net operating income $3,071
    Securities gains (or losses, -) $35
    Income before extraordinary items $3,106
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,106
    Minority interest net income $0
    Net income $3,106
    Sale, conversion, retirement of capital stock, net $14
    Net operating income $3,071

    Crossroads Bank's gross interest income from loans was $8,215,000.
    Crossroads Bank's net interest income from loans was $7,335,000.
    Crossroads Bank's fee based income from loans was $760,000.
    Crossroads Bank's net income from loans was $3,106,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $880
    Provision for credit losses $275
    Total noninterest expense $5,167
    Salaries and employee benefits $2,978
    Premises and equipment expense $548
    Additional noninterest expense $1,641
    Applicable income taxes $0
    Net charge-offs $91
    Cash dividends $1,856

    Crossroads Bank's interest expense for loans was $880,000.
    Crossroads Bank's payroll and benefits expense were $2,978,000.
    Crossroads Bank's property, plant and equipment expenses $548,000.

    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 $179,522
    Deposits held in domestic offices $179,522
    Deposits by Individuals, partnerships, and corporations $172,344
    Deposits by U.S. Government $4
    Deposits by States and political subdivisions in the U.S. $6,651
    Deposits by Commercial banks and other depository institutions in U.S. $523
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $79,151
    Demand deposits $40,340
    Nontransaction accounts $100,371
    Money market deposit accounts (MMDAs) $35,757
    Other savings deposits (excluding MMDAs) $19,289
    Total time deposits $45,325
    Total time and savings deposits $139,182
    Noninterest-bearing deposits $40,340
    Interest-bearing deposits $139,182
    Retail deposits $170,810
    IRAs and Keogh plan accounts $6,871
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $202,352
    Cash & Balances due from depository institutions $22,691
    Interest-bearing balances $18,444
    Total securities $67,358
    Federal funds sold & reverse repurchase $0
    Net loans and leases $104,399
    Loan and leases loss allowance $1,358
    Trading account assets $0
    Bank premises and fixed assets $2,247
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $5,657

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $202,352
    Total Liabilities $181,117
    Total deposits $179,522
    Interest-bearing deposits $139,182
    Deposits held in domestic offices $179,522
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,595

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $104,399
    Loan and leases loss allowance $1,358
    Total loans and leases (domestic) $105,757
    All real estate loans $68,214
    Real estate loans in domestic offices $68,214
    Construction and development loans $2,542
    Residential 1-4 family construction $1,705
    Other construction, all land development and other land $837
    Loans secured by nonfarm nonresidential properties $20,353
    Nonfarm nonresidential secured by owner-occupied properties $18,071
    Commercial real estate & other non-farm, non-residential $2,282
    Multifamily residential real estate $835
    1-4 family residential loans $43,313
    Farmland loans $1,171
    Loans held in foreign offices $0
    Farm loans $2,984
    Commercial and industrial loans $17,995
    To non-U.S. addressees $0
    Loans to individuals $16,003
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $6,421
    Other loans to individuals $9,582
    All other loans & leases $628
    Loans to foreign governments and official institutions $0
    Other loans $101
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Crossroads Bank had $104,399,000 of loans outstanding in 2018. $68,214,000 of loans were in real estate loans. $2,542,000 of loans were in development loans. $835,000 of loans were in multifamily mortgage loans. $43,313,000 of loans were in 1-4 family mortgage loans. $2,984,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,421,000 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 81 $12,424 $153,383
    Nonfarm, nonresidential loans - <$100k 45 $1,890 $42,000
    Nonfarm, nonresidential loans - $100-250k 17 $2,273 $133,706
    Nonfarm, nonresidential loans - $250k-1MM 19 $8,261 $434,789
    Commercial & Industrial, US addressed loans - <$1MM 221 $9,517 $43,063
    Commercial & Industrial, US addressed loans - <$100k 185 $3,791 $20,492
    Commercial & Industrial, US addressed loans - $100-250k 25 $2,232 $89,280
    Commercial & Industrial, US addressed loans - $250k-1MM 11 $3,494 $317,636
    Farmland loans - <$1MM 16 $804 $50,250
    Farmland loans - <$100k 12 $311 $25,917
    Farmland loans - $100-250k 3 $301 $100,333
    Farmland loans - $250k-1MM 1 $192 $192,000
    Agriculture operations loans - <$1MM 127 $2,984 $23,496
    Agriculture operations loans - <$100k 119 $1,937 $16,277
    Agriculture operations loans - $100-250k 8 $1,047 $130,875