Jefferson Bank Mortgage Rates, Fees & Info
San Antonio, TXLEI: 549300RXHLK3XT6SD946
Tax ID: 74-1034487
2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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
767Origination Dollar Volume (All Markets)
$256,875,000Employee count
367Awards
Jefferson Bank - 2021
Jefferson Bank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for Jefferson Bank?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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 applications91.73%
Jefferson Bank has an average approval rate.
Pick Rate
Approvals leading to origination81.20%
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 |
