Jefferson Bank Mortgage Rates, Fees & Info

San Antonio, TX

LEI: 549300RXHLK3XT6SD946

Tax ID: 74-1034487

3 stars - out of 5 stars, based on 28 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Jefferson Bank is a smaller bank specializing in Home Purchase loans. Jefferson Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include San Antonio, Austin, Corpus Christi, Houston, and Brownsville among others. Jefferson Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Jefferson Bank is typically a high fee lendor.


Originations

767

Origination Dollar Volume (All Markets)

$256,875,000

Employee count

367

Awards

Jefferson Bank FHA Loans bronze
Show all (1) awards

Relative Rate

Jefferson Bank's average 30 year fixed rate mortgage of loans were 3.25%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.1%.

Relative Fees

Jefferson Bank's average total fees for a 30 year fixed rate mortgage are $6,504.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 681 $226,985,000 $333,311 $5,963 3.35%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 21 $8,265,000 $393,571 $7,598 3.32%
Outside of Metro Areas 18 $6,090,000 $338,333 $6,785 3.36%
CORPUS CHRISTI, TX (FHA|USDA|VA) 11 $5,075,000 $461,364 $5,963 3.80%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 5 $1,955,000 $391,000 $7,161 3.38%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 3 $1,395,000 $465,000 $3,395 3.38%
Snyder, TX (FHA|USDA|VA) 9 $1,335,000 $148,333 $6,564 3.03%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $1,270,000 $317,500 $6,176 2.94%
Rockport, TX (FHA|USDA|VA) 3 $945,000 $315,000 $5,454 3.25%
Port Lavaca, TX (FHA|USDA|VA) 1 $705,000 $705,000 $11,196 2.88%
Fredericksburg, TX (FHA|USDA|VA) 1 $645,000 $645,000 $13,312 2.88%
Kerrville, TX (FHA|USDA|VA) 2 $600,000 $300,000 $5,639 4.25%
Stephenville, TX (FHA|USDA|VA) 1 $415,000 $415,000 $9,578 3.63%
Bonham, TX (FHA|USDA|VA) 1 $345,000 $345,000 $4,163 3.75%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $185,000 $185,000 $3,578 2.88%
TYLER, TX (FHA|USDA|VA) 1 $185,000 $185,000 $3,752 2.50%
LUBBOCK, TX (FHA|USDA|VA) 1 $155,000 $155,000 $4,329 2.88%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,875 2.88%
Huntsville, TX (FHA|USDA|VA) 1 $105,000 $105,000 $3,947 2.63%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $75,000 $75,000 $4,030 3.38%

Jefferson Bank's top markets include San Antonio, Austin, Corpus Christi, Houston, and Brownsville among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 697 $239,285,000 $343,307 $5,855 3.38%
FHA 45 $7,615,000 $169,222 $7,129 3.17%
VA 25 $9,975,000 $399,000 $8,718 2.66%

For the 2021 period, Jefferson Bank's most frequently originated loan type of loans were Conventional, with 697 originations. Their 2nd most popular type is FHA, with 45 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 493 $177,425,000 $359,888 $6,626 3.31%
Refi 165 $49,275,000 $298,636 $4,385 3.30%
Cash Out Refi 86 $26,740,000 $310,930 $6,202 3.54%
Other 13 $2,535,000 $195,000 $5,094 3.55%
Home Improvement 10 $900,000 $90,000 $3,923 3.78%

For the 2021, Jefferson Bank's most frequently cited loan purpose of loans were Home Purchase, with 493 originations. The 2nd most popular reason of loans were Refi, with 165 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 555 $200,735,000 $361,685 $6,504 3.25%
15 Year 109 $24,255,000 $222,523 $3,862 3.10%
20 Year 64 $15,400,000 $240,625 $5,430 4.17%
Other 12 $5,180,000 $431,667 $3,809 4.25%
10 Year 10 $2,190,000 $219,000 $3,467 3.45%
5 Year 7 $1,665,000 $237,857 $0 4.23%
1 Year 6 $6,080,000 $1,013,333 $0 4.27%
3 Year 4 $1,370,000 $342,500 $0 4.44%

For the 2021, Jefferson Bank's most frequently cited loan length of loans were 30 Year, with 555 originations. The 2nd most popular length of loans were 15 Year, with 109 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 350 $104,440,000 $298,400
$3k-4k 101 $38,895,000 $385,099
$1k-2k 97 $16,505,000 $170,155
$2k-3k 80 $18,740,000 $234,250
$5k+ 70 $54,590,000 $779,857

$6,504 of loans were Jefferson Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 350 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 316 $113,710,000 $359,842
2.5-3% 249 $88,555,000 $355,643
4-5% 132 $30,550,000 $231,439
<2.5% 67 $23,375,000 $348,881
5-6% 3 $685,000 $228,333

During 2021, Jefferson Bank's average interest rate of loans were 3.25%, while their most frequently originated rate bucket of loans were 3-4%, with 316 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 276 $79,770,000 $289,022 $5,411 3.25%
$100k-200k 190 $28,640,000 $150,737 $4,307 3.44%
$400k-600k 142 $70,180,000 $494,225 $7,391 3.17%
$100,000 or less 81 $5,855,000 $72,284 $3,389 3.71%
$600k-1MM 58 $42,230,000 $728,103 $11,178 3.44%
$1MM+ 20 $30,200,000 $1,510,000 $16,122 3.22%

2021 saw Jefferson Bank place emphasis on $200k-400k loans with 276 originations, totaling $79,770,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 159 $63,355,000 $398,459 $6,606 3.27%
$100k-150k 136 $43,460,000 $319,559 $5,920 3.23%
$50k-75k 108 $21,410,000 $198,241 $4,956 3.21%
$250k+ 107 $66,085,000 $617,617 $8,551 3.24%
$75k-100k 83 $21,035,000 $253,434 $5,296 3.21%
$50k or less 77 $10,345,000 $134,351 $4,569 3.35%

Jefferson Bank lent most frequently to those with incomes in the $150k-250k range, with 159 originations. The second most popular income band? $100k-150k, with 136 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 163 $54,115,000 $331,994 $5,587 3.16%
30-36% 115 $40,615,000 $353,174 $6,224 3.23%
<20% 57 $23,105,000 $405,351 $5,837 3.11%
42% 33 $8,535,000 $258,636 $5,916 3.19%
41% 33 $9,495,000 $287,727 $5,489 3.35%
48% 31 $8,465,000 $273,065 $5,829 3.27%
39% 30 $8,410,000 $280,333 $6,158 3.35%
44% 27 $7,915,000 $293,148 $5,443 3.43%
36% 27 $10,745,000 $397,963 $6,820 3.22%
37% 26 $10,410,000 $400,385 $6,433 3.16%
50-60% 24 $7,230,000 $301,250 $6,991 3.48%
43% 23 $7,005,000 $304,565 $6,157 3.32%
45% 21 $6,895,000 $328,333 $6,154 3.14%
38% 20 $7,950,000 $397,500 $7,284 3.33%
40% 17 $5,135,000 $302,059 $6,284 3.32%
46% 16 $6,020,000 $376,250 $7,147 3.37%
47% 15 $4,155,000 $277,000 $5,254 3.28%
49% 15 $4,755,000 $317,000 $6,190 3.65%
>60% 2 $770,000 $385,000 $8,139 3.94%

Jefferson Bank lent most frequently to those with DTI ratios of 20-30%, with 163 originations. The next most common DTI ratio? 30-36%, with 115 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 603 $199,345,000 $330,589 $5,998 3.24%
Not applicable 70 $24,710,000 $353,000 $18,175 4.33%
Not provided 50 $17,900,000 $358,000 $5,656 3.31%
Asian 28 $9,590,000 $342,500 $6,931 3.25%
Black 10 $3,040,000 $304,000 $5,917 3.38%
Asian Indian 4 $1,530,000 $382,500 $7,626 3.34%
American Indian 2 $760,000 $380,000 $6,960 2.81%

Approval Rates

Total approvals of all applications
91.73%

Jefferson Bank has an average approval rate.

Pick Rate

Approvals leading to origination
81.20%

Jefferson Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 767 $256,875,000 $334,909

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
767 $256,875,000 $334,909

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 61 $19,885,000 $325,984 $4,770 2.98%
40-60% 114 $36,720,000 $322,105 $5,549 3.21%
60-80% 286 $109,800,000 $383,916 $6,235 3.49%
80-100% 272 $85,550,000 $314,522 $6,397 3.28%
Over 100% 5 $2,295,000 $459,000 $19,894 2.63%
Under 20% 25 $2,385,000 $95,400 $2,603 3.80%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Jefferson Bank 6310 N New Braunfels Avenue San Antonio, TX 78209 Full Service B&M $0
Jefferson Bank 711 Navarro San Antonio, TX 78205 Full Service B&M $69,339
Jefferson Bank 7666 Bandera Road San Antonio, TX 78238 Full Service B&M $168,364
Jefferson Bank 1111 Goliad Rd. San Antonio, TX 78223 Full Service B&M $34,730
Jefferson Bank 14614 Blanco Road San Antonio, TX 78216 Full Service B&M $102,080
Jefferson Bank 1551 North Walnut Ave., Suite 44 New Braunfels, TX 78130 Full Service B&M $145,119
Jefferson Bank 1777 Ne Loop 410, Ste 100 San Antonio, TX 78217 Full Service B&M $848,313
Jefferson Bank 19002 Stone Oak Parkway San Antonio, TX 78258 Full Service B&M $226,682
Jefferson Bank 2900 Fredricksburg Road San Antonio, TX 78201 Full Service B&M $226,703
Jefferson Bank 371 North Main Boerne, TX 78006 Full Service B&M $136,544
Jefferson Bank 6015 Broadway San Antonio, TX 78209 Full Service B&M $0
Jefferson Bank 6021 Broadway San Antonio, TX 78209 Full Service B&M $288,407

For 2021, Jefferson Bank had 12 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $70,142
Net interest income $67,605
Total noninterest income $25,064
Gross Fiduciary activities income $5,606
Service charges on deposit accounts $1,586
Trading account gains and fees $0
Additional Noninterest Income $17,872
Pre-tax net operating income $24,726
Securities gains (or losses, -) $-108
Income before extraordinary items $24,618
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $24,618
Minority interest net income $0
Net income $24,618
Sale, conversion, retirement of capital stock, net $0
Net operating income $24,726

Jefferson Bank's gross interest income from loans was $70,142,000.
Jefferson Bank's net interest income from loans was $67,605,000.
Jefferson Bank's fee based income from loans was $1,586,000.
Jefferson Bank's net income from loans was $24,618,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $2,537
Provision for credit losses $-210
Total noninterest expense $68,153
Salaries and employee benefits $46,713
Premises and equipment expense $6,840
Additional noninterest expense $14,600
Applicable income taxes $0
Net charge-offs $570
Cash dividends $12,413

Jefferson Bank's interest expense for loans was $2,537,000.
Jefferson Bank's payroll and benefits expense were $46,713,000.
Jefferson Bank's property, plant and equipment expenses $6,840,000.

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 $2,526,160
Deposits held in domestic offices $2,526,160
Deposits by Individuals, partnerships, and corporations $2,470,880
Deposits by U.S. Government $6
Deposits by States and political subdivisions in the U.S. $54,811
Deposits by Commercial banks and other depository institutions in U.S. $462
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $288,298
Demand deposits $263,232
Nontransaction accounts $2,237,861
Money market deposit accounts (MMDAs) $1,539,836
Other savings deposits (excluding MMDAs) $402,515
Total time deposits $295,511
Total time and savings deposits $2,262,927
Noninterest-bearing deposits $1,008,504
Interest-bearing deposits $1,517,656
Retail deposits $2,294,640
IRAs and Keogh plan accounts $8,805
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $2,750,432
Cash & Balances due from depository institutions $485,875
Interest-bearing balances $466,101
Total securities $772,938
Federal funds sold & reverse repurchase $0
Net loans and leases $1,373,727
Loan and leases loss allowance $15,581
Trading account assets $0
Bank premises and fixed assets $62,400
Other real estate owned $0
Goodwill and other intangibles $2,011
All other assets $53,481

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $2,750,432
Total Liabilities $2,545,227
Total deposits $2,526,160
Interest-bearing deposits $1,517,656
Deposits held in domestic offices $2,526,160
% insured (estimated) $50
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $19,067

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,373,727
Loan and leases loss allowance $15,581
Total loans and leases (domestic) $1,389,308
All real estate loans $1,204,835
Real estate loans in domestic offices $1,204,835
Construction and development loans $195,905
Residential 1-4 family construction $41,711
Other construction, all land development and other land $154,194
Loans secured by nonfarm nonresidential properties $524,100
Nonfarm nonresidential secured by owner-occupied properties $219,854
Commercial real estate & other non-farm, non-residential $304,246
Multifamily residential real estate $13,178
1-4 family residential loans $439,989
Farmland loans $31,663
Loans held in foreign offices $0
Farm loans $79
Commercial and industrial loans $159,157
To non-U.S. addressees $0
Loans to individuals $22,708
Credit card loans $0
Related Plans $10,532
Consumer Auto Loans $5,524
Other loans to individuals $6,652
All other loans & leases $2,529
Loans to foreign governments and official institutions $0
Other loans $2,473
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $579
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $2,340
Non 1-4 family restructured loans & leases $1,144
Total loans and leases (foreign) $0

Jefferson Bank had $1,373,727,000 of loans outstanding in 2021. $1,204,835,000 of loans were in real estate loans. $195,905,000 of loans were in development loans. $13,178,000 of loans were in multifamily mortgage loans. $439,989,000 of loans were in 1-4 family mortgage loans. $79,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,524,000 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 323 $95,752 $296,446
Nonfarm, nonresidential loans - <$100k 15 $886 $59,067
Nonfarm, nonresidential loans - $100-250k 90 $11,831 $131,456
Nonfarm, nonresidential loans - $250k-1MM 218 $83,035 $380,894
Commercial & Industrial, US addressed loans - <$1MM 665 $55,010 $82,722
Commercial & Industrial, US addressed loans - <$100k 387 $10,618 $27,437
Commercial & Industrial, US addressed loans - $100-250k 146 $14,054 $96,260
Commercial & Industrial, US addressed loans - $250k-1MM 132 $30,338 $229,833
Farmland loans - <$1MM 11 $2,783 $253,000
Farmland loans - <$100k 1 $59 $59,000
Farmland loans - $100-250k 3 $434 $144,667
Farmland loans - $250k-1MM 7 $2,290 $327,143
Agriculture operations loans - <$1MM 2 $78 $39,000
Agriculture operations loans - <$100k 1 $53 $53,000
Agriculture operations loans - $100-250k 1 $25 $25,000