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
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Mortgage Data
Bank 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
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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
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.
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 |