Cape Cod Co-operative Bank Mortgage Rates, Fees & Info
Yarmouth Port, MALEI: 549300TXW4YZE1CSWA75
Tax ID: 04-1148930
2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Overview
Cape Cod Co-operative Bank is a smaller bank specializing in Refi, Cash Out Refi, and Home Purchase loans. Cape Cod Co-operative Bank has a high proportion of conventional loans. Their top markets include Barnstable Town, Boston, Providence, Vineyard Haven, and Worcester among others. Cape Cod Co-operative 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. Cape Cod Co-operative Bank is typically a low fee lendor.Originations
777Origination Dollar Volume (All Markets)
$318,035,000Employee count
164Awards
Cape Cod Co-operative Bank - 2021
Cape Cod Co-operative Bank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for Cape Cod Co-operative 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
Cape Cod Co-operative Bank's average 30 year fixed rate mortgage of loans were
3.07%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.08%.
Relative Fees
Cape Cod Co-operative Bank's average total fees for a 30 year fixed rate
mortgage are $3,005.
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 |
|---|---|---|---|---|---|
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 695 | $274,905,000 | $395,547 | $2,921 | 3.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 61 | $31,435,000 | $515,328 | $3,174 | 3.08% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 15 | $7,845,000 | $523,000 | $3,444 | 3.14% |
| Outside of Metro Areas | 3 | $2,115,000 | $705,000 | $3,514 | 3.21% |
| Vineyard Haven, MA (FHA|USDA|VA) | 2 | $1,250,000 | $625,000 | $2,934 | 2.88% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $2,455 | 2.50% |
Cape Cod Co-operative Bank's top markets include Barnstable Town, Boston, Providence, Vineyard Haven, and Worcester among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 777 | $318,035,000 | $409,311 | $2,950 | 3.01% |
For the 2021 period, Cape Cod Co-operative Bank's most frequently originated loan type of loans were Conventional, with 777 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 317 | $104,515,000 | $329,700 | $2,498 | 2.89% |
| Cash Out Refi | 264 | $99,250,000 | $375,947 | $2,855 | 3.11% |
| Home Purchase | 191 | $113,115,000 | $592,225 | $3,916 | 3.06% |
| Home Improvement | 3 | $645,000 | $215,000 | $1,700 | 3.17% |
| Other | 2 | $510,000 | $255,000 | $2,513 | 3.31% |
For the 2021, Cape Cod Co-operative Bank's most frequently cited loan purpose of loans were Refi, with 317 originations. The 2nd most popular reason of loans were Cash Out Refi, with 264 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 542 | $225,710,000 | $416,439 | $3,005 | 3.07% |
| 15 Year | 97 | $23,485,000 | $242,113 | $2,458 | 2.66% |
| 20 Year | 69 | $20,355,000 | $295,000 | $2,246 | 3.01% |
| 30+ year | 35 | $40,525,000 | $1,157,857 | $5,548 | 3.19% |
| 10 Year | 26 | $5,000,000 | $192,308 | $1,857 | 2.73% |
| Other | 8 | $2,960,000 | $370,000 | $3,396 | 3.05% |
For the 2021, Cape Cod Co-operative Bank's most frequently cited loan length of loans were 30 Year, with 542 originations. The 2nd most popular length of loans were 15 Year, with 97 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 638 | $268,650,000 | $421,082 |
| $1k-2k | 49 | $11,545,000 | $235,612 |
| $2k-3k | 23 | $6,985,000 | $303,696 |
| $3k-4k | 15 | $5,135,000 | $342,333 |
| $5k+ | 2 | $660,000 | $330,000 |
$3,005 of loans were Cape Cod Co-operative Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 638 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 449 | $174,185,000 | $387,940 |
| 3-4% | 265 | $130,135,000 | $491,075 |
| <2.5% | 57 | $12,335,000 | $216,404 |
| 4-5% | 6 | $1,380,000 | $230,000 |
During 2021, Cape Cod Co-operative Bank's average interest rate of loans were 3.07%, while their most frequently originated rate bucket of loans were 2.5-3%, with 449 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 351 | $101,695,000 | $289,729 | $2,649 | 3.01% |
| $400k-600k | 139 | $66,685,000 | $479,748 | $3,317 | 3.04% |
| $100k-200k | 136 | $20,480,000 | $150,588 | $2,228 | 2.88% |
| $600k-1MM | 81 | $62,085,000 | $766,481 | $3,932 | 3.08% |
| $100,000 or less | 35 | $2,335,000 | $66,714 | $1,390 | 3.12% |
| $1MM+ | 35 | $64,755,000 | $1,850,143 | $6,839 | 3.08% |
2021 saw Cape Cod Co-operative Bank place emphasis on $200k-400k loans with 351 originations, totaling $101,695,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 168 | $72,060,000 | $428,929 | $3,023 | 2.99% |
| $100k-150k | 166 | $51,980,000 | $313,133 | $2,690 | 3.01% |
| $250k+ | 142 | $120,290,000 | $847,113 | $4,166 | 3.07% |
| $50k-75k | 136 | $33,410,000 | $245,662 | $2,736 | 2.97% |
| $75k-100k | 108 | $29,260,000 | $270,926 | $2,456 | 3.01% |
| $50k or less | 51 | $8,045,000 | $157,745 | $2,184 | 2.95% |
Cape Cod Co-operative Bank lent most frequently to those with incomes in the $150k-250k range, with 168 originations. The second most popular income band? $100k-150k, with 166 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 192 | $78,550,000 | $409,115 | $2,938 | 2.95% |
| 30-36% | 169 | $73,635,000 | $435,710 | $3,001 | 3.06% |
| <20% | 68 | $26,730,000 | $393,088 | $2,873 | 2.84% |
| 36% | 38 | $16,940,000 | $445,789 | $3,268 | 3.04% |
| 42% | 35 | $12,355,000 | $353,000 | $2,839 | 3.04% |
| 44% | 33 | $11,525,000 | $349,242 | $2,720 | 3.05% |
| 40% | 31 | $18,625,000 | $600,806 | $3,328 | 3.05% |
| 38% | 29 | $10,485,000 | $361,552 | $2,782 | 3.06% |
| 43% | 25 | $10,525,000 | $421,000 | $3,097 | 3.07% |
| 39% | 24 | $10,310,000 | $429,583 | $3,215 | 3.00% |
| 37% | 23 | $8,465,000 | $368,043 | $2,775 | 3.08% |
| 41% | 21 | $10,255,000 | $488,333 | $3,190 | 3.06% |
| 48% | 20 | $6,940,000 | $347,000 | $2,598 | 3.06% |
| 46% | 18 | $5,820,000 | $323,333 | $2,803 | 2.88% |
| 45% | 16 | $5,000,000 | $312,500 | $2,612 | 3.15% |
| 47% | 15 | $4,395,000 | $293,000 | $2,726 | 2.92% |
| 49% | 15 | $4,565,000 | $304,333 | $2,858 | 3.03% |
| 50-60% | 1 | $285,000 | $285,000 | $0 | 3.75% |
Cape Cod Co-operative Bank lent most frequently to those with DTI ratios of 20-30%, with 192 originations. The next most common DTI ratio? 30-36%, with 169 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 648 | $250,890,000 | $387,176 | $2,900 | 3.02% |
| Not provided | 101 | $55,065,000 | $545,198 | $3,310 | 2.95% |
| Asian | 10 | $5,260,000 | $526,000 | $3,212 | 2.84% |
| Black | 11 | $3,525,000 | $320,455 | $2,566 | 3.03% |
| Not applicable | 4 | $2,630,000 | $657,500 | $0 | 3.91% |
| American Indian | 2 | $530,000 | $265,000 | $2,205 | 3.19% |
| Asian Indian | 1 | $135,000 | $135,000 | $1,882 | 2.75% |
Approval Rates
Total approvals of all applications96.13%
Cape Cod Co-operative Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.08%
Cape Cod Co-operative Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 777 | $318,035,000 | $409,311 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 777 | $318,035,000 | $409,311 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 149 | $40,415,000 | $271,242 | $2,552 | 2.83% |
| 40-60% | 205 | $72,675,000 | $354,512 | $2,728 | 2.96% |
| 60-80% | 282 | $148,070,000 | $525,071 | $3,322 | 3.10% |
| 80-100% | 97 | $50,055,000 | $516,031 | $3,630 | 3.10% |
| Under 20% | 44 | $6,820,000 | $155,000 | $1,710 | 3.06% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Cape Cod Co-Operative Bank | 1591 Main Street East Dennis, MA 2641 | Full Service B&M | $192,673 |
| Cape Cod Co-Operative Bank | 1121 Route 6a West Barnstable, MA 2668 | Full Service B&M | $89,255 |
| Cape Cod Co-Operative Bank | 121 Main St Yarmouth Port, MA 2675 | Full Service B&M | $200,889 |
| Cape Cod Co-Operative Bank | 121 Main Street/Route 6a Yarmouth Port, MA 2675 | Limited, Mobile/Seasonal Office | $2,292 |
| Cape Cod Co-Operative Bank | 1470 Orleans Road East Harwich, MA 2645 | Full Service B&M | $89,909 |
| Cape Cod Co-Operative Bank | 237 North Main Street South Yarmouth, MA 2664 | Limited, Mobile/Seasonal Office | $1,066 |
| Cape Cod Co-Operative Bank | 238 Worcester Court Falmouth, MA 2540 | Full Service B&M | $47,856 |
| Cape Cod Co-Operative Bank | 275 Cotuit Road Sandwich, MA 2563 | Full Service B&M | $135,672 |
| Cape Cod Co-Operative Bank | 3878 Falmouth Road Marstons Mills, MA 2648 | Full Service B&M | $38,846 |
| Cape Cod Co-Operative Bank | 64 King's Circuit Yarmouth Port, MA 2675 | Full Service B&M | $13,597 |
| Cape Cod Co-Operative Bank | 660 N Falmouth Hwy North Falmouth, MA 2556 | Full Service B&M | $35,561 |
| Cape Cod Co-Operative Bank | 695 Attucks Lane Hyannis Hyannis, MA 2601 | Full Service B&M | $328,962 |
For 2021, Cape Cod Co-operative Bank had 12 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $34,788 |
| Net interest income | $32,739 |
| Total noninterest income | $4,927 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $593 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $4,334 |
| Pre-tax net operating income | $10,248 |
| Securities gains (or losses, -) | $-15 |
| Income before extraordinary items | $7,440 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $7,440 |
| Minority interest net income | $0 |
| Net income | $7,440 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $7,451 |
Cape Cod Co-operative Bank's gross interest income from loans was $34,788,000.
Cape Cod Co-operative Bank's net interest income from loans was $32,739,000.
Cape Cod Co-operative Bank's fee based income from loans was $593,000.
Cape Cod Co-operative Bank's net income from loans was $7,440,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,049 |
| Provision for credit losses | $-1,029 |
| Total noninterest expense | $28,447 |
| Salaries and employee benefits | $16,569 |
| Premises and equipment expense | $4,262 |
| Additional noninterest expense | $7,616 |
| Applicable income taxes | $2,793 |
| Net charge-offs | $-36 |
| Cash dividends | $0 |
Cape Cod Co-operative Bank's interest expense for loans was $2,049,000.
Cape Cod Co-operative Bank's payroll and benefits expense were $16,569,000.
Cape Cod Co-operative Bank's property, plant and equipment expenses $4,262,000.
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 | $1,230,067 |
| Deposits held in domestic offices | $1,230,067 |
| Deposits by Individuals, partnerships, and corporations | $1,049,115 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $180,952 |
| 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 | $507,778 |
| Demand deposits | $248,086 |
| Nontransaction accounts | $722,289 |
| Money market deposit accounts (MMDAs) | $439,008 |
| Other savings deposits (excluding MMDAs) | $210,027 |
| Total time deposits | $73,254 |
| Total time and savings deposits | $981,981 |
| Noninterest-bearing deposits | $248,086 |
| Interest-bearing deposits | $981,981 |
| Retail deposits | $1,203,060 |
| IRAs and Keogh plan accounts | $12,851 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,387,857 |
| Cash & Balances due from depository institutions | $311,720 |
| Interest-bearing balances | $301,862 |
| Total securities | $93,737 |
| Federal funds sold & reverse repurchase | $190 |
| Net loans and leases | $920,668 |
| Loan and leases loss allowance | $10,221 |
| Trading account assets | $45 |
| Bank premises and fixed assets | $31,320 |
| Other real estate owned | $35 |
| Goodwill and other intangibles | $1,790 |
| All other assets | $28,352 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,387,857 |
| Total Liabilities | $1,253,741 |
| Total deposits | $1,230,067 |
| Interest-bearing deposits | $981,981 |
| Deposits held in domestic offices | $1,230,067 |
| % insured (estimated) | $64 |
| Federal funds purchased and repurchase agreements | $14,652 |
| Trading liabilities | $45 |
| Other borrowed funds | $4,021 |
| Subordinated debt | $0 |
| All other liabilities | $4,956 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $920,668 |
| Loan and leases loss allowance | $10,221 |
| Total loans and leases (domestic) | $930,889 |
| All real estate loans | $884,389 |
| Real estate loans in domestic offices | $884,389 |
| Construction and development loans | $62,566 |
| Residential 1-4 family construction | $36,463 |
| Other construction, all land development and other land | $26,103 |
| Loans secured by nonfarm nonresidential properties | $251,209 |
| Nonfarm nonresidential secured by owner-occupied properties | $89,700 |
| Commercial real estate & other non-farm, non-residential | $161,509 |
| Multifamily residential real estate | $6,979 |
| 1-4 family residential loans | $563,635 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $45,948 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $551 |
| Credit card loans | $0 |
| Related Plans | $146 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $405 |
| All other loans & leases | $0 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| 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 | $4,535 |
| Non 1-4 family restructured loans & leases | $1,427 |
| Total loans and leases (foreign) | $0 |
Cape Cod Co-operative Bank had $920,668,000 of loans outstanding in 2021. $884,389,000 of loans were in real estate loans. $62,566,000 of loans were in development loans. $6,979,000 of loans were in multifamily mortgage loans. $563,635,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 | 286 | $86,526 | $302,538 |
| Nonfarm, nonresidential loans - <$100k | 29 | $1,276 | $44,000 |
| Nonfarm, nonresidential loans - $100-250k | 79 | $10,194 | $129,038 |
| Nonfarm, nonresidential loans - $250k-1MM | 178 | $75,056 | $421,663 |
| Commercial & Industrial, US addressed loans - <$1MM | 466 | $29,020 | $62,275 |
| Commercial & Industrial, US addressed loans - <$100k | 331 | $6,284 | $18,985 |
| Commercial & Industrial, US addressed loans - $100-250k | 72 | $6,338 | $88,028 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 63 | $16,398 | $260,286 |
