Jefferson Bank Mortgage Rates, Fees & Info

San Antonio, TX

LEI: 549300RXHLK3XT6SD946

Tax ID: 74-1034487

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

Review & 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 by origination volume include: San Antonio, Austin, Snyder, Nashville, and Corpus Christi among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

Jefferson 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. Jefferson Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.72%	4/21/24
30 Year Conventional Refi	6.67%	4/21/24
30 Year Cash-out Refi	6.73%	4/21/24
30 Year FHA Purchase	7.72%	4/21/24
30 Year FHA Refi	7.00%	4/21/24
30 Year VA Purchase	6.16%	4/21/24
30 Year USDA Purchase	6.96%	4/21/24
15 Year Conventional Purchase	6.37%	4/21/24
15 Year Conventional Refi	6.12%	4/21/24
15 Year Cash-out Refi	6.12%	4/21/24
15 Year VA Refi	6.47%	4/21/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Jefferson Bank Mortgage Calculator

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This is not an official calculator from Jefferson Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

654

Origination Dollar Volume (All Markets)

$180,090,000

Employee count

344

Awards

Show all (3) awards

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
SAN ANTONIO-NEW BRAUNFELS, TX (FHA\|USDA\|VA)	587	$160,395,000	$273,245	$5,682	4.85%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	12	$4,050,000	$337,500	$6,331	4.74%
Snyder, TX (FHA\|USDA\|VA)	24	$2,870,000	$119,583	$5,610	4.88%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	1	$2,755,000	$2,755,000	$16,218	3.50%
Outside of Metro Areas	5	$2,225,000	$445,000	$8,450	4.38%
CORPUS CHRISTI, TX (FHA\|USDA\|VA)	4	$1,750,000	$437,500	$8,192	4.91%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	6	$1,670,000	$278,333	$6,057	5.02%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	3	$1,605,000	$535,000	$8,289	4.79%
Kerrville, TX (FHA\|USDA\|VA)	3	$1,265,000	$421,667	$7,522	4.88%
Rockport, TX (FHA\|USDA\|VA)	5	$975,000	$195,000	$5,057	5.32%
Pearsall, TX (FHA\|USDA\|VA)	2	$260,000	$130,000	$4,152	5.25%
ABILENE, TX (FHA\|USDA\|VA)	1	$175,000	$175,000	$6,288	4.75%
WACO, TX (FHA\|USDA\|VA)	1	$95,000	$95,000	$3,455	6.13%

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

Their top states include:

Texas (FHA|USDA|VA)

Tennessee (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against Jefferson Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	581	$164,425,000	$283,003	$5,598	4.89%
FHA	46	$7,510,000	$163,261	$6,852	4.65%
VA	27	$8,155,000	$302,037	$7,071	4.40%

For 2018, Jefferson Bank's most frequently originated type of loan was Conventional, with 581 originations. Their 2nd most popular type was FHA, with 46 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	512	$152,660,000	$298,164	$6,323	4.77%
Refi	54	$11,750,000	$217,593	$3,737	4.90%
Cash Out Refi	47	$12,235,000	$260,319	$5,169	5.13%
Other	21	$1,895,000	$90,238	$1,864	5.34%
Home Improvement	20	$1,550,000	$77,500	$1,180	5.64%

For 2018, Jefferson Bank's most frequently cited loan purpose was Home Purchase, with 512 originations. The 2nd most popular reason was Refi, with 54 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	474	$141,650,000	$298,840	$6,390	4.71%
15 Year	90	$17,510,000	$194,556	$2,980	4.95%
20 Year	67	$12,385,000	$184,851	$4,689	5.54%
Other	13	$6,785,000	$521,923	$3,717	5.28%
10 Year	5	$345,000	$69,000	$1,180	5.08%
1 Year	4	$1,310,000	$327,500	$0	5.47%
5 Year	1	$105,000	$105,000	$0	4.75%

For 2018, Jefferson Bank's most frequently cited loan duration was 30 Year, with 474 originations. The 2nd most popular length was 15 Year, with 90 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	223	$47,265,000	$211,951
$1k-2k	122	$17,200,000	$140,984
$2k-3k	104	$24,420,000	$234,808
$5k+	63	$44,055,000	$699,286
$3k-4k	57	$17,515,000	$307,281
$4k-5k	39	$16,475,000	$422,436

Jefferson Bank's average total fees were $6,390, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 223 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	414	$124,350,000	$300,362
5-6%	179	$35,835,000	$200,196
3-4%	45	$18,135,000	$403,000
6-7%	16	$1,770,000	$110,625

During 2018, Jefferson Bank's average interest rate for loans was 4.71%, while their most frequently originated rate bucket for loans was 4-5%, with 414 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	217	$61,115,000	$281,636	$6,024	4.67%
$100k-200k	183	$27,565,000	$150,628	$4,545	4.95%
$100,000 or less	120	$7,410,000	$61,750	$2,135	5.25%
$400k-600k	82	$38,770,000	$472,805	$8,336	4.72%
$600k-1MM	39	$28,225,000	$723,718	$11,838	4.53%
$1MM+	13	$17,005,000	$1,308,077	$16,736	4.41%

2018 saw Jefferson Bank place emphasis on $200k-400k loans with 217 originations, totaling $61,115,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	124	$32,830,000	$264,758	$5,802	4.76%
$150k-250k	106	$36,140,000	$340,943	$6,248	4.86%
$250k+	102	$54,840,000	$537,647	$8,630	4.72%
$50k-75k	99	$15,165,000	$153,182	$4,785	4.88%
$50k or less	87	$8,595,000	$98,793	$3,303	4.86%
$75k-100k	82	$17,330,000	$211,341	$5,325	4.86%

Jefferson Bank lent most frequently to those with incomes in the $100k-150k range, with 124 originations. The second most popular income band? $150k-250k, with 106 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	127	$31,615,000	$248,937	$5,218	4.85%
30-36%	110	$28,210,000	$256,455	$5,541	4.65%
<20%	51	$19,635,000	$385,000	$6,401	4.73%
50-60%	37	$8,875,000	$239,865	$6,140	4.96%
42%	30	$8,130,000	$271,000	$6,520	4.87%
43%	26	$7,960,000	$306,154	$6,651	4.83%
41%	23	$5,845,000	$254,130	$6,188	4.54%
38%	21	$6,425,000	$305,952	$6,060	4.97%
39%	20	$4,310,000	$215,500	$5,254	4.89%
45%	19	$4,785,000	$251,842	$5,118	4.73%
46%	19	$3,935,000	$207,105	$5,492	4.97%
37%	18	$4,380,000	$243,333	$4,743	5.07%
40%	18	$7,450,000	$413,889	$7,132	4.81%
48%	17	$5,145,000	$302,647	$5,547	4.79%
36%	17	$6,165,000	$362,647	$7,365	4.61%
44%	16	$3,910,000	$244,375	$5,532	4.70%
47%	16	$4,420,000	$276,250	$6,000	4.98%
49%	15	$3,565,000	$237,667	$5,679	4.99%
>60%	10	$1,970,000	$197,000	$3,619	5.58%

Jefferson Bank lent most frequently to those with DTI ratios of 20-30%, with 127 originations. The next most common DTI ratio? 30-36%, with 110 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	553	$149,095,000	$269,611	$5,677	4.81%
Not applicable	44	$13,360,000	$303,636	$9,487	5.32%
Asian	24	$9,010,000	$375,417	$7,875	4.75%
Not provided	23	$6,815,000	$296,304	$6,088	5.00%
Black	10	$1,810,000	$181,000	$4,021	5.01%

Approval Rates

Total approvals of all applications
90.80%

Jefferson Bank has an average approval rate.

Pick Rate

Approvals leading to origination
83.79%

Jefferson Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	654	$180,090,000	$275,367

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	6	$4,590,000	$765,000
Single Family (1-4 Units):Manufactured	1	$65,000	$65,000
Single Family (1-4 Units):Site-Built	647	$175,435,000	$271,151

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	42	$4,860,000	$115,714	$2,246	4.95%
40-60%	68	$17,090,000	$251,324	$4,210	4.90%
60-80%	222	$73,930,000	$333,018	$6,455	4.91%
80-100%	293	$81,245,000	$277,287	$6,404	4.72%
Over 100%	7	$1,665,000	$237,857	$11,347	4.60%
Under 20%	22	$1,300,000	$59,091	$518	5.70%

Complaints

Bank Name	Product	Issue	2018 CPFB Complaints	% of Total Issues
Jefferson Title Corporation	Conventional home mortgage	Closing on a mortgage	1	100.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Jefferson Bank	1111 Goliad Rd. San Antonio, TX 78223	Full Service B&M	$21,744
Jefferson Bank	14614 Blanco Road San Antonio, TX 78216	Full Service B&M	$65,882
Jefferson Bank	1551 North Walnut Ave., Suite 44 New Braunfels, TX 78130	Full Service B&M	$109,492
Jefferson Bank	1777 Ne Loop 410, Ste 100 San Antonio, TX 78217	Full Service B&M	$521,784
Jefferson Bank	19002 Stone Oak Parkway San Antonio, TX 78258	Full Service B&M	$179,675
Jefferson Bank	2900 Fredricksburg Road San Antonio, TX 78201	Full Service B&M	$171,834
Jefferson Bank	371 North Main Boerne, TX 78006	Full Service B&M	$68,527
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	$246,866
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	$73,188
Jefferson Bank	7666 Bandera Road San Antonio, TX 78238	Full Service B&M	$100,169
Jefferson Bank	8700 Post Oak Lane San Antonio, TX 78217	Limited, Mobile/Seasonal Office	$0

For 2018, Jefferson Bank had 13 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$72,867
Net interest income	$63,017
Total noninterest income	$18,148
Gross Fiduciary activities income	$5,567
Service charges on deposit accounts	$1,945
Trading account gains and fees	$0
Additional Noninterest Income	$10,636
Pre-tax net operating income	$23,071
Securities gains (or losses, -)	$-1
Income before extraordinary items	$23,070
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$23,070
Minority interest net income	$0
Net income	$23,070
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$23,071

Jefferson Bank's gross interest income from loans was $72,867,000.
Jefferson Bank's net interest income from loans was $63,017,000.
Jefferson Bank's fee based income from loans was $1,945,000.
Jefferson Bank's net income from loans was $23,070,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$9,850
Provision for credit losses	$1,350
Total noninterest expense	$56,744
Salaries and employee benefits	$37,950
Premises and equipment expense	$6,278
Additional noninterest expense	$12,516
Applicable income taxes	$0
Net charge-offs	$123
Cash dividends	$9,915

Jefferson Bank's interest expense for loans was $9,850,000.
Jefferson Bank's payroll and benefits expense were $37,950,000.
Jefferson Bank's property, plant and equipment expenses $6,278,000.

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	1.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$1,687,019
Deposits held in domestic offices	$1,687,019
Deposits by Individuals, partnerships, and corporations	$1,675,567
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$11,336
Deposits by Commercial banks and other depository institutions in U.S.	$117
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$159,275
Demand deposits	$128,036
Nontransaction accounts	$1,527,745
Money market deposit accounts (MMDAs)	$855,637
Other savings deposits (excluding MMDAs)	$304,958
Total time deposits	$367,152
Total time and savings deposits	$1,558,984
Noninterest-bearing deposits	$472,151
Interest-bearing deposits	$1,214,868
Retail deposits	$1,396,743
IRAs and Keogh plan accounts	$9,832
Brokered deposits	$97,538
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,905,588
Cash & Balances due from depository institutions	$54,309
Interest-bearing balances	$29,464
Total securities	$454,550
Federal funds sold & reverse repurchase	$0
Net loans and leases	$1,304,519
Loan and leases loss allowance	$11,719
Trading account assets	$0
Bank premises and fixed assets	$25,840
Other real estate owned	$0
Goodwill and other intangibles	$2,820
All other assets	$63,550

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,905,588
Total Liabilities	$1,752,388
Total deposits	$1,687,019
Interest-bearing deposits	$1,214,868
Deposits held in domestic offices	$1,687,019
% insured (estimated)	$60
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$50,013
Subordinated debt	$0
All other liabilities	$15,356

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$1,304,519
Loan and leases loss allowance	$11,719
Total loans and leases (domestic)	$1,316,238
All real estate loans	$1,145,170
Real estate loans in domestic offices	$1,145,170
Construction and development loans	$149,517
Residential 1-4 family construction	$62,330
Other construction, all land development and other land	$87,187
Loans secured by nonfarm nonresidential properties	$457,836
Nonfarm nonresidential secured by owner-occupied properties	$215,058
Commercial real estate & other non-farm, non-residential	$242,778
Multifamily residential real estate	$14,933
1-4 family residential loans	$500,810
Farmland loans	$22,074
Loans held in foreign offices	$0
Farm loans	$171
Commercial and industrial loans	$135,669
To non-U.S. addressees	$0
Loans to individuals	$21,756
Credit card loans	$0
Related Plans	$9,876
Consumer Auto Loans	$7,456
Other loans to individuals	$4,424
All other loans & leases	$13,472
Loans to foreign governments and official institutions	$0
Other loans	$3,318
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$58
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$1,968
Non 1-4 family restructured loans & leases	$572
Total loans and leases (foreign)	$0

Jefferson Bank had $1,304,519,000 of loans outstanding in 2018. $1,145,170,000 of loans were in real estate loans. $149,517,000 of loans were in development loans. $14,933,000 of loans were in multifamily mortgage loans. $500,810,000 of loans were in 1-4 family mortgage loans. $171,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,456,000 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	318	$94,550	$297,327
Nonfarm, nonresidential loans - <$100k	21	$1,064	$50,667
Nonfarm, nonresidential loans - $100-250k	93	$12,586	$135,333
Nonfarm, nonresidential loans - $250k-1MM	204	$80,900	$396,569
Commercial & Industrial, US addressed loans - <$1MM	674	$61,646	$91,463
Commercial & Industrial, US addressed loans - <$100k	388	$11,474	$29,572
Commercial & Industrial, US addressed loans - $100-250k	160	$16,973	$106,081
Commercial & Industrial, US addressed loans - $250k-1MM	126	$33,199	$263,484
Farmland loans - <$1MM	13	$2,429	$186,846
Farmland loans - <$100k	2	$70	$35,000
Farmland loans - $100-250k	3	$331	$110,333
Farmland loans - $250k-1MM	8	$2,028	$253,500
Agriculture operations loans - <$1MM	3	$171	$57,000
Agriculture operations loans - <$100k	2	$68	$34,000
Agriculture operations loans - $100-250k	1	$103	$103,000