Cape Cod Co-operative Bank Mortgage Rates, Fees & Info

Yarmouth Port, MA

LEI: 549300TXW4YZE1CSWA75

Tax ID: 04-1148930

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Cape Cod Co-operative Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Cape Cod Co-operative Bank has a high proportion of conventional loans. Their top markets by origination volume include: Barnstable Town, Boston, Worcester, Vineyard Haven, and Providence among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Cape Cod Co-operative 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. Cape Cod Co-operative Bank is typically a low 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.

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    Originations

    438

    Origination Dollar Volume (All Markets)

    $130,750,000

    Employee count

    162 Show all (5) 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
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 403 $120,935,000 $300,087 $2,549 4.29%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 28 $8,180,000 $292,143 $2,887 4.18%
    WORCESTER, MA-CT (FHA|USDA|VA) 2 $840,000 $420,000 $5,196 5.38%
    Vineyard Haven, MA (FHA|USDA|VA) 1 $365,000 $365,000 $3,752 4.38%
    Outside of Metro Areas 1 $255,000 $255,000 $0 4.50%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 3 $175,000 $58,333 $0 4.88%
    Cape Cod Co-operative Bank's top markets include Barnstable Town, Boston, Worcester, Vineyard Haven, and Providence among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)

    • Similar Lenders

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

    Westport Federal Credit Union
    Similarity Rank: 23
    Notre Dame Community Federal Credit Union
    Similarity Rank: 38
    PAWTUCKET
    Similarity Rank: 60
    Charter Oak Federal Credit Union
    Similarity Rank: 66
    Bank of Easton
    Similarity Rank: 66
    SOMERSET
    Similarity Rank: 99
    MERRIMACK VALLEY
    Similarity Rank: 110
    Middlesex Federal Savings, F.A.
    Similarity Rank: 111
    Martha's Vineyard Savings Bank
    Similarity Rank: 128
    Triangle Credit Union
    Similarity Rank: 147

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 438 $130,750,000 $298,516 $2,570 4.30%

    For 2018, Cape Cod Co-operative Bank's most frequently originated type of loan was Conventional, with 438 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 205 $75,285,000 $367,244 $3,498 4.26%
    Cash Out Refi 108 $27,350,000 $253,241 $1,724 4.32%
    Refi 82 $23,630,000 $288,171 $2,352 4.28%
    Home Improvement 29 $2,975,000 $102,586 $379 4.54%
    Other 14 $1,510,000 $107,857 $785 4.28%

    For 2018, Cape Cod Co-operative Bank's most frequently cited loan purpose was Home Purchase, with 205 originations. The 2nd most popular reason was Cash Out Refi, with 108 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 278 $88,150,000 $317,086 $3,156 4.23%
    20 Year 68 $10,260,000 $150,882 $685 4.70%
    15 Year 29 $4,785,000 $165,000 $1,572 4.15%
    10 Year 28 $3,930,000 $140,357 $192 4.26%
    30+ year 28 $16,700,000 $596,429 $4,146 3.81%
    Other 6 $6,120,000 $1,020,000 $0 5.56%
    1 Year 1 $805,000 $805,000 $0 6.50%

    For 2018, Cape Cod Co-operative Bank's most frequently cited loan duration was 30 Year, with 278 originations. The 2nd most popular length was 20 Year, with 68 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 373 $105,375,000 $282,507
    $1k-2k 14 $4,410,000 $315,000
    $2k-3k 7 $1,765,000 $252,143
    $3k-4k 1 $1,005,000 $1,005,000
    $4k-5k 1 $345,000 $345,000

    Cape Cod Co-operative Bank's average total fees were $3,156, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 373 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 219 $52,645,000 $240,388
    3-4% 184 $63,010,000 $342,446
    5-6% 29 $11,545,000 $398,103
    6-7% 6 $3,550,000 $591,667

    During 2018, Cape Cod Co-operative Bank's average interest rate for loans was 4.23%, while their most frequently originated rate bucket for loans was 4-5%, with 219 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 200 $57,640,000 $288,200 $3,050 4.25%
    $100k-200k 86 $12,590,000 $146,395 $1,827 4.32%
    $100,000 or less 62 $3,070,000 $49,516 $252 4.52%
    $400k-600k 57 $26,445,000 $463,947 $3,431 4.22%
    $600k-1MM 25 $18,975,000 $759,000 $4,163 4.10%
    $1MM+ 8 $12,030,000 $1,503,750 $6,459 4.67%

    2018 saw Cape Cod Co-operative Bank place emphasis on $200k-400k loans with 200 originations, totaling $57,640,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 95 $26,605,000 $280,053 $2,640 4.31%
    $150k-250k 91 $29,395,000 $323,022 $2,521 4.20%
    $50k-75k 85 $16,845,000 $198,176 $2,391 4.24%
    $75k-100k 78 $18,050,000 $231,410 $2,521 4.33%
    $250k+ 43 $24,745,000 $575,465 $3,386 4.06%
    $50k or less 29 $4,165,000 $143,621 $1,980 4.23%

    Cape Cod Co-operative Bank lent most frequently to those with incomes in the $100k-150k range, with 95 originations. The second most popular income band? $150k-250k, with 91 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 96 $26,400,000 $275,000 $2,471 4.23%
    20-30% 82 $19,270,000 $235,000 $2,124 4.24%
    42% 36 $9,980,000 $277,222 $3,007 4.24%
    <20% 24 $8,370,000 $348,750 $2,528 4.13%
    41% 24 $6,330,000 $263,750 $2,431 4.30%
    40% 21 $5,415,000 $257,857 $2,849 4.22%
    38% 20 $6,660,000 $333,000 $2,405 4.12%
    37% 20 $6,800,000 $340,000 $2,954 4.29%
    39% 18 $4,810,000 $267,222 $2,538 4.35%
    36% 16 $4,730,000 $295,625 $2,928 4.27%
    43% 15 $4,755,000 $317,000 $2,942 4.30%
    44% 14 $3,760,000 $268,571 $2,534 4.09%
    47% 9 $3,785,000 $420,556 $3,121 4.22%
    46% 7 $1,945,000 $277,857 $3,281 4.39%
    45% 7 $2,365,000 $337,857 $2,815 4.18%
    49% 6 $1,840,000 $306,667 $2,914 4.31%
    48% 4 $1,640,000 $410,000 $2,900 4.47%
    50-60% 1 $145,000 $145,000 $2,311 3.75%

    Cape Cod Co-operative Bank lent most frequently to those with DTI ratios of 30-36%, with 96 originations. The next most common DTI ratio? 20-30%, with 82 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 387 $110,685,000 $286,008 $2,567 4.25%
    Not applicable 14 $9,600,000 $685,714 $0 5.68%
    Not provided 24 $7,510,000 $312,917 $2,690 4.13%
    Black 11 $2,895,000 $263,182 $2,878 4.39%
    American Indian 1 $35,000 $35,000 $0 4.50%
    Native Hawaiian or Islander 1 $25,000 $25,000 $0 4.50%

    Approval Rates

    Total approvals of all applications
    92.30%

    Cape Cod Co-operative Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.28%

    Cape Cod Co-operative Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 438 $130,750,000 $298,516

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $8,865,000 $805,909
    Single Family (1-4 Units):Site-Built 427 $121,885,000 $285,445

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 43 $9,015,000 $209,651 $1,659 4.40%
    40-60% 83 $22,505,000 $271,145 $2,551 4.23%
    60-80% 128 $49,880,000 $389,688 $3,185 4.31%
    80-100% 125 $45,745,000 $365,960 $3,418 4.23%
    Under 20% 59 $3,605,000 $61,102 $223 4.44%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Cape Cod Co-operative Bank 1121 Route 6a West Barnstable, MA 2668 Full Service B&M $67,041
    Cape Cod Co-operative Bank 121 Main Street Yarmouth Port, MA 2675 Full Service B&M $179,082
    Cape Cod Co-operative Bank 121 Main Street/Route 6a Yarmouth Port, MA 2675 Limited, Mobile/Seasonal Office $2,890
    Cape Cod Co-operative Bank 1470 Orleans Road East Harwich, MA 2645 Full Service B&M $52,516
    Cape Cod Co-operative Bank 1591 Main Street East Dennis, MA 2641 Full Service B&M $156,633
    Cape Cod Co-operative Bank 237 North Main Street South Yarmouth, MA 2664 Limited, Mobile/Seasonal Office $755
    Cape Cod Co-operative Bank 238 Worcester Court Falmouth, MA 2540 Full Service B&M $21,675
    Cape Cod Co-operative Bank 275 Cotuit Road Sandwich, MA 2563 Full Service B&M $90,127
    Cape Cod Co-operative Bank 3878 Falmouth Road Marstons Mills, MA 2648 Full Service B&M $23,111
    Cape Cod Co-operative Bank 64 King's Circuit Yarmouth Port, MA 2675 Full Service B&M $12,911
    Cape Cod Co-operative Bank 660 N Falmouth Hwy North Falmouth, MA 2556 Full Service B&M $26,358
    Cape Cod Co-operative Bank 695 Attucks Lane Hyannis Hyannis, MA 2601 Full Service B&M $177,017

    For 2018, Cape Cod Co-operative Bank had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $35,184
    Net interest income $29,686
    Total noninterest income $4,348
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $480
    Trading account gains and fees $0
    Additional Noninterest Income $3,868
    Pre-tax net operating income $7,748
    Securities gains (or losses, -) $1,205
    Income before extraordinary items $6,815
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,815
    Minority interest net income $0
    Net income $6,815
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,863

    Cape Cod Co-operative Bank's gross interest income from loans was $35,184,000.
    Cape Cod Co-operative Bank's net interest income from loans was $29,686,000.
    Cape Cod Co-operative Bank's fee based income from loans was $480,000.
    Cape Cod Co-operative Bank's net income from loans was $6,815,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,498
    Provision for credit losses $0
    Total noninterest expense $26,286
    Salaries and employee benefits $14,685
    Premises and equipment expense $3,102
    Additional noninterest expense $8,499
    Applicable income taxes $2,138
    Net charge-offs $0
    Cash dividends $0

    Cape Cod Co-operative Bank's interest expense for loans was $5,498,000.
    Cape Cod Co-operative Bank's payroll and benefits expense were $14,685,000.
    Cape Cod Co-operative Bank's property, plant and equipment expenses $3,102,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 7.0%
    1-4 family residential loans 1.0%
    HELOC loans 2.0%
    All other family 1.0%
    Commercial & industrial loans 1.0%
    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 $793,441
    Deposits held in domestic offices $793,441
    Deposits by Individuals, partnerships, and corporations $726,409
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $67,032
    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 $85,430
    Demand deposits $58,291
    Nontransaction accounts $708,011
    Money market deposit accounts (MMDAs) $300,924
    Other savings deposits (excluding MMDAs) $293,063
    Total time deposits $114,025
    Total time and savings deposits $735,150
    Noninterest-bearing deposits $58,291
    Interest-bearing deposits $735,150
    Retail deposits $746,930
    IRAs and Keogh plan accounts $14,268
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $931,608
    Cash & Balances due from depository institutions $17,718
    Interest-bearing balances $6,978
    Total securities $57,609
    Federal funds sold & reverse repurchase $10
    Net loans and leases $807,131
    Loan and leases loss allowance $7,590
    Trading account assets $281
    Bank premises and fixed assets $18,950
    Other real estate owned $39
    Goodwill and other intangibles $1,945
    All other assets $27,925

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $931,608
    Total Liabilities $840,631
    Total deposits $793,441
    Interest-bearing deposits $735,150
    Deposits held in domestic offices $793,441
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $3,172
    Trading liabilities $281
    Other borrowed funds $40,956
    Subordinated debt $0
    All other liabilities $2,781

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $807,131
    Loan and leases loss allowance $7,590
    Total loans and leases (domestic) $814,721
    All real estate loans $781,830
    Real estate loans in domestic offices $781,830
    Construction and development loans $49,968
    Residential 1-4 family construction $30,829
    Other construction, all land development and other land $19,139
    Loans secured by nonfarm nonresidential properties $176,418
    Nonfarm nonresidential secured by owner-occupied properties $68,777
    Commercial real estate & other non-farm, non-residential $107,641
    Multifamily residential real estate $11,324
    1-4 family residential loans $544,120
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $32,162
    To non-U.S. addressees $0
    Loans to individuals $729
    Credit card loans $0
    Related Plans $275
    Consumer Auto Loans $2
    Other loans to individuals $452
    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 $5,928
    Non 1-4 family restructured loans & leases $202
    Total loans and leases (foreign) $0

    Cape Cod Co-operative Bank had $807,131,000 of loans outstanding in 2018. $781,830,000 of loans were in real estate loans. $49,968,000 of loans were in development loans. $11,324,000 of loans were in multifamily mortgage loans. $544,120,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $2,000 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 253 $65,626 $259,391
    Nonfarm, nonresidential loans - <$100k 36 $1,914 $53,167
    Nonfarm, nonresidential loans - $100-250k 79 $10,737 $135,911
    Nonfarm, nonresidential loans - $250k-1MM 138 $52,975 $383,877
    Commercial & Industrial, US addressed loans - <$1MM 253 $21,934 $86,696
    Commercial & Industrial, US addressed loans - <$100k 157 $3,302 $21,032
    Commercial & Industrial, US addressed loans - $100-250k 47 $3,579 $76,149
    Commercial & Industrial, US addressed loans - $250k-1MM 49 $15,053 $307,204