Crossroads Bank Mortgage Rates, Fees & Info

Yoakum, TX

LEI: 549300JPWAKLM047FK81

Tax ID: 74-0625605

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

Jump to:

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, San Antonio, Brenham, Houston, and Bay City among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Crossroads Bank 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.

    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.


    Originations

    115

    Origination Dollar Volume (All Markets)

    $20,165,000

    Employee count

    44

    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 90 $12,480,000 $138,667 $0 0.00%
    VICTORIA, TX (FHA|USDA|VA) 17 $4,135,000 $243,235 $0 0.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $1,365,000 $455,000 $0 0.00%
    Brenham, TX (FHA|USDA|VA) 2 $1,170,000 $585,000 $0 0.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $970,000 $485,000 $0 0.00%
    Bay City, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Crossroads Bank's top markets include Victoria, San Antonio, Brenham, Houston, and Bay City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 115 $20,165,000 $175,348 $0 0.00%

    For 2021, Crossroads Bank's most frequently originated type of loan was Conventional, with 115 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 82 $15,530,000 $189,390 $0 0.00%
    Home Improvement 15 $1,265,000 $84,333 $0 0.00%
    Refi 14 $2,740,000 $195,714 $0 0.00%
    Other 4 $630,000 $157,500 $0 0.00%

    For 2021, Crossroads Bank's most frequently cited loan purpose was Home Purchase, with 82 originations. The 2nd most popular reason was Home Improvement, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 115 $20,165,000 $175,348 $0 0.00%

    For 2021, Crossroads Bank's most frequently cited loan duration was Other, with 115 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 57 $3,205,000 $56,228 $0 0.00%
    $100k-200k 28 $3,940,000 $140,714 $0 0.00%
    $200k-400k 18 $5,630,000 $312,778 $0 0.00%
    $400k-600k 8 $3,750,000 $468,750 $0 0.00%
    $1MM+ 2 $2,080,000 $1,040,000 $0 0.00%
    $600k-1MM 2 $1,560,000 $780,000 $0 0.00%

    2021 saw Crossroads Bank place emphasis on $100,000 or less loans with 57 originations, totaling $3,205,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 27 $2,745,000 $101,667 $0 0.00%
    $50k or less 27 $1,835,000 $67,963 $0 0.00%
    $75k-100k 18 $2,550,000 $141,667 $0 0.00%
    $100k-150k 14 $3,260,000 $232,857 $0 0.00%
    $250k+ 11 $3,525,000 $320,455 $0 0.00%
    $150k-250k 10 $2,340,000 $234,000 $0 0.00%

    Crossroads Bank lent most frequently to those with incomes in the $50k-75k range, with 27 originations. The second most popular income band? $50k or less, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 115 $20,165,000 $175,348 $0 0.00%

    Crossroads Bank lent most frequently to those with DTI ratios of Exempt%, with 115 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 100 $15,300,000 $153,000 $0 0.00%
    Not applicable 8 $3,910,000 $488,750 $0 0.00%
    Black 5 $655,000 $131,000 $0 0.00%
    American Indian 2 $300,000 $150,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.85%

    Crossroads Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.83%

    Crossroads Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 115 $20,165,000 $175,348

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    115 $20,165,000 $175,348

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Crossroads Systems Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Crossroads Systems Inc. Other type of mortgage Struggling to pay mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Crossroads Bank 201 N.Lavaca Street Moulton, TX 77975 Full Service B&M $33,899
    Crossroads Bank 406 West Grand Avenue Yoakum, TX 77995 Full Service B&M $206,682
    Crossroads Bank 4611 East Airline Road Suite 100 Victoria, TX 77904 Full Service B&M $21,894

    For 2021, Crossroads Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,770
    Net interest income $9,578
    Total noninterest income $1,658
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $806
    Trading account gains and fees $0
    Additional Noninterest Income $852
    Pre-tax net operating income $5,196
    Securities gains (or losses, -) $59
    Income before extraordinary items $5,255
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,255
    Minority interest net income $0
    Net income $5,255
    Sale, conversion, retirement of capital stock, net $21
    Net operating income $5,196

    Crossroads Bank's gross interest income from loans was $10,770,000.
    Crossroads Bank's net interest income from loans was $9,578,000.
    Crossroads Bank's fee based income from loans was $806,000.
    Crossroads Bank's net income from loans was $5,255,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,192
    Provision for credit losses $255
    Total noninterest expense $5,785
    Salaries and employee benefits $3,358
    Premises and equipment expense $563
    Additional noninterest expense $1,864
    Applicable income taxes $0
    Net charge-offs $47
    Cash dividends $2,432

    Crossroads Bank's interest expense for loans was $1,192,000.
    Crossroads Bank's payroll and benefits expense were $3,358,000.
    Crossroads Bank's property, plant and equipment expenses $563,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    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 $283,717
    Deposits held in domestic offices $283,717
    Deposits by Individuals, partnerships, and corporations $255,183
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $28,535
    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 $122,253
    Demand deposits $58,578
    Nontransaction accounts $161,465
    Money market deposit accounts (MMDAs) $47,391
    Other savings deposits (excluding MMDAs) $28,676
    Total time deposits $85,397
    Total time and savings deposits $225,140
    Noninterest-bearing deposits $58,473
    Interest-bearing deposits $225,244
    Retail deposits $250,271
    IRAs and Keogh plan accounts $7,157
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $315,216
    Cash & Balances due from depository institutions $22,759
    Interest-bearing balances $16,958
    Total securities $144,845
    Federal funds sold & reverse repurchase $0
    Net loans and leases $136,763
    Loan and leases loss allowance $1,794
    Trading account assets $0
    Bank premises and fixed assets $2,496
    Other real estate owned $152
    Goodwill and other intangibles $0
    All other assets $8,201

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $315,216
    Total Liabilities $285,291
    Total deposits $283,717
    Interest-bearing deposits $225,244
    Deposits held in domestic offices $283,717
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,574

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $136,763
    Loan and leases loss allowance $1,794
    Total loans and leases (domestic) $138,557
    All real estate loans $98,481
    Real estate loans in domestic offices $98,481
    Construction and development loans $2,277
    Residential 1-4 family construction $1,554
    Other construction, all land development and other land $723
    Loans secured by nonfarm nonresidential properties $36,086
    Nonfarm nonresidential secured by owner-occupied properties $27,132
    Commercial real estate & other non-farm, non-residential $8,954
    Multifamily residential real estate $2,190
    1-4 family residential loans $57,269
    Farmland loans $659
    Loans held in foreign offices $0
    Farm loans $3,332
    Commercial and industrial loans $19,010
    To non-U.S. addressees $0
    Loans to individuals $16,025
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $6,617
    Other loans to individuals $9,408
    All other loans & leases $1,782
    Loans to foreign governments and official institutions $0
    Other loans $1,349
    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 $136,763,000 of loans outstanding in 2021. $98,481,000 of loans were in real estate loans. $2,277,000 of loans were in development loans. $2,190,000 of loans were in multifamily mortgage loans. $57,269,000 of loans were in 1-4 family mortgage loans. $3,332,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,617,000 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 126 $19,105 $151,627
    Nonfarm, nonresidential loans - <$100k 62 $2,967 $47,855
    Nonfarm, nonresidential loans - $100-250k 35 $4,470 $127,714
    Nonfarm, nonresidential loans - $250k-1MM 29 $11,668 $402,345
    Commercial & Industrial, US addressed loans - <$1MM 285 $14,767 $51,814
    Commercial & Industrial, US addressed loans - <$100k 235 $5,263 $22,396
    Commercial & Industrial, US addressed loans - $100-250k 26 $2,798 $107,615
    Commercial & Industrial, US addressed loans - $250k-1MM 24 $6,706 $279,417
    Farmland loans - <$1MM 13 $659 $50,692
    Farmland loans - <$100k 8 $138 $17,250
    Farmland loans - $100-250k 4 $365 $91,250
    Farmland loans - $250k-1MM 1 $156 $156,000
    Agriculture operations loans - <$1MM 145 $3,331 $22,972
    Agriculture operations loans - <$100k 136 $2,369 $17,419
    Agriculture operations loans - $100-250k 9 $962 $106,889