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, Refi, and Cash Out Refi loans. Cape Cod Co-operative 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: Barnstable Town, Boston, Vineyard Haven, and Providence among others. We have data for 5 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

    455

    Origination Dollar Volume (All Markets)

    $135,045,000

    Employee count

    159

    Awards

    Cape Cod Co-operative Bank 30 Year Conventional Loans silver Cape Cod Co-operative Bank 30 Year Conventional Loans bronze Cape Cod Co-operative Bank 30 Year Conventional Loans gold
    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
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 424 $124,890,000 $294,552 $2,876 3.88%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 28 $9,200,000 $328,571 $3,178 4.13%
    Vineyard Haven, MA (FHA|USDA|VA) 1 $375,000 $375,000 $3,168 3.63%
    Outside of Metro Areas 1 $295,000 $295,000 $2,885 3.63%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $285,000 $285,000 $12,217 3.38%
    Cape Cod Co-operative Bank's top markets include Barnstable Town, Boston, 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.

    SOMERSET
    Similarity Rank: 26
    Rhode Island Credit Union
    Similarity Rank: 116
    Piscataqua Savings Bank
    Similarity Rank: 118
    First Ipswich Bank
    Similarity Rank: 139
    OCEAN STATE CREDIT UNION
    Similarity Rank: 315
    BankNewport
    Similarity Rank: 315
    WAVE FEDERAL CREDIT UNION
    Similarity Rank: 348
    Bank Rhode Island
    Similarity Rank: 432
    QUINCY CREDIT UNION
    Similarity Rank: 435
    Middlesex Savings Bank
    Similarity Rank: 480

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 445 $131,725,000 $296,011 $2,756 3.90%
    FHA 6 $1,970,000 $328,333 $9,051 3.83%
    VA 4 $1,350,000 $337,500 $10,319 3.56%

    For 2019, Cape Cod Co-operative Bank's most frequently originated type of loan was Conventional, with 445 originations. Their 2nd most popular type was FHA, with 6 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 172 $61,100,000 $355,233 $3,868 3.90%
    Refi 121 $35,525,000 $293,595 $2,834 3.74%
    Cash Out Refi 119 $34,155,000 $287,017 $2,515 3.85%
    Other 22 $2,300,000 $104,545 $387 4.25%
    Home Improvement 21 $1,965,000 $93,571 $477 4.64%

    For 2019, Cape Cod Co-operative Bank's most frequently cited loan purpose was Home Purchase, with 172 originations. The 2nd most popular reason was Refi, with 121 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 308 $97,440,000 $316,364 $3,376 3.85%
    15 Year 54 $12,270,000 $227,222 $2,230 3.62%
    20 Year 44 $7,930,000 $180,227 $1,373 4.36%
    10 Year 27 $3,865,000 $143,148 $383 3.99%
    30+ year 20 $13,360,000 $668,000 $4,480 3.80%
    Other 2 $180,000 $90,000 $0 7.00%

    For 2019, Cape Cod Co-operative Bank's most frequently cited loan duration was 30 Year, with 308 originations. The 2nd most popular length was 15 Year, with 54 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 320 $94,490,000 $295,281
    $1k-2k 78 $23,920,000 $306,667
    $2k-3k 15 $5,185,000 $345,667
    $3k-4k 4 $1,220,000 $305,000
    $5k+ 3 $1,205,000 $401,667
    $4k-5k 2 $730,000 $365,000

    Cape Cod Co-operative Bank's average total fees were $3,376, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 320 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 297 $99,565,000 $335,236
    4-5% 129 $29,525,000 $228,876
    2.5-3% 13 $3,985,000 $306,538
    5-6% 12 $1,560,000 $130,000
    <2.5% 2 $230,000 $115,000
    6-7% 1 $105,000 $105,000
    7-8% 1 $75,000 $75,000

    During 2019, Cape Cod Co-operative Bank's average interest rate for loans was 3.85%, while their most frequently originated rate bucket for loans was 3-4%, with 297 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 228 $67,010,000 $293,904 $3,278 3.84%
    $100k-200k 89 $13,425,000 $150,843 $2,183 3.99%
    $400k-600k 66 $31,280,000 $473,939 $3,869 3.72%
    $100,000 or less 47 $2,365,000 $50,319 $391 4.38%
    $600k-1MM 21 $15,345,000 $730,714 $4,095 3.65%
    $1MM+ 4 $5,620,000 $1,405,000 $5,885 3.50%

    2019 saw Cape Cod Co-operative Bank place emphasis on $200k-400k loans with 228 originations, totaling $67,010,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 110 $29,220,000 $265,636 $2,704 3.91%
    $150k-250k 90 $33,140,000 $368,222 $3,044 3.87%
    $50k-75k 90 $19,060,000 $211,778 $2,873 3.94%
    $75k-100k 75 $19,625,000 $261,667 $3,016 3.84%
    $250k+ 52 $27,360,000 $526,154 $3,568 3.73%
    $50k or less 29 $4,375,000 $150,862 $2,062 3.85%

    Cape Cod Co-operative Bank lent most frequently to those with incomes in the $100k-150k range, with 110 originations. The second most popular income band? $150k-250k, with 90 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 96 $27,730,000 $288,854 $2,772 3.92%
    20-30% 85 $27,075,000 $318,529 $2,730 3.80%
    40% 34 $10,390,000 $305,588 $3,342 3.90%
    <20% 28 $9,610,000 $343,214 $3,005 3.77%
    42% 28 $7,370,000 $263,214 $2,301 3.79%
    38% 26 $6,450,000 $248,077 $2,269 3.83%
    41% 24 $6,390,000 $266,250 $2,596 3.96%
    37% 23 $8,015,000 $348,478 $3,146 3.82%
    43% 20 $5,460,000 $273,000 $2,998 3.93%
    36% 14 $4,620,000 $330,000 $3,120 3.93%
    39% 14 $4,030,000 $287,857 $3,211 3.95%
    44% 13 $2,475,000 $190,385 $2,193 4.13%
    45% 9 $3,105,000 $345,000 $3,317 3.78%
    48% 8 $1,950,000 $243,750 $3,461 3.97%
    47% 7 $2,375,000 $339,286 $3,036 3.73%
    50-60% 7 $2,225,000 $317,857 $8,846 3.80%
    46% 6 $2,030,000 $338,333 $2,935 3.77%
    49% 3 $725,000 $241,667 $1,937 4.17%
    >60% 2 $910,000 $455,000 $2,876 3.50%

    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 85 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 409 $122,105,000 $298,545 $2,921 3.89%
    Not provided 29 $8,045,000 $277,414 $3,007 3.60%
    Black 5 $1,955,000 $391,000 $3,099 3.43%
    Not applicable 7 $1,725,000 $246,429 $0 5.42%
    Asian 4 $830,000 $207,500 $1,644 4.09%
    American Indian 1 $385,000 $385,000 $3,422 3.88%

    Approval Rates

    Total approvals of all applications
    94.52%

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

    Pick Rate

    Approvals leading to origination
    85.49%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 455 $135,045,000 $296,802

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $690,000 $345,000
    Single Family (1-4 Units):Site-Built 453 $134,355,000 $296,589

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 57 $10,825,000 $189,912 $2,022 3.98%
    40-60% 71 $22,235,000 $313,169 $2,989 3.86%
    60-80% 160 $57,360,000 $358,500 $3,270 3.80%
    80-100% 118 $40,830,000 $346,017 $3,692 3.84%
    Over 100% 2 $700,000 $350,000 $14,648 3.81%
    Under 20% 47 $3,095,000 $65,851 $355 4.31%

    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 $68,137
    Cape Cod Co-operative Bank 121 Main Street Yarmouth Port, MA 2675 Full Service B&M $178,106
    Cape Cod Co-operative Bank 121 Main Street/Route 6a Yarmouth Port, MA 2675 Limited, Mobile/Seasonal Office $2,086
    Cape Cod Co-operative Bank 1470 Orleans Road East Harwich, MA 2645 Full Service B&M $49,830
    Cape Cod Co-operative Bank 1591 Main Street East Dennis, MA 2641 Full Service B&M $143,342
    Cape Cod Co-operative Bank 237 North Main Street South Yarmouth, MA 2664 Limited, Mobile/Seasonal Office $720
    Cape Cod Co-operative Bank 238 Worcester Court Falmouth, MA 2540 Full Service B&M $24,649
    Cape Cod Co-operative Bank 275 Cotuit Road Sandwich, MA 2563 Full Service B&M $95,847
    Cape Cod Co-operative Bank 3878 Falmouth Road Marstons Mills, MA 2648 Full Service B&M $23,601
    Cape Cod Co-operative Bank 64 King's Circuit Yarmouth Port, MA 2675 Full Service B&M $11,905
    Cape Cod Co-operative Bank 660 N Falmouth Hwy North Falmouth, MA 2556 Full Service B&M $25,279
    Cape Cod Co-operative Bank 695 Attucks Lane Hyannis Hyannis, MA 2601 Full Service B&M $209,382

    For 2019, Cape Cod Co-operative Bank had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $37,117
    Net interest income $29,843
    Total noninterest income $4,498
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $754
    Trading account gains and fees $0
    Additional Noninterest Income $3,744
    Pre-tax net operating income $8,379
    Securities gains (or losses, -) $790
    Income before extraordinary items $6,583
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,583
    Minority interest net income $0
    Net income $6,583
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,958

    Cape Cod Co-operative Bank's gross interest income from loans was $37,117,000.
    Cape Cod Co-operative Bank's net interest income from loans was $29,843,000.
    Cape Cod Co-operative Bank's fee based income from loans was $754,000.
    Cape Cod Co-operative Bank's net income from loans was $6,583,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,274
    Provision for credit losses $79
    Total noninterest expense $25,883
    Salaries and employee benefits $14,921
    Premises and equipment expense $3,342
    Additional noninterest expense $7,620
    Applicable income taxes $2,586
    Net charge-offs $262
    Cash dividends $0

    Cape Cod Co-operative Bank's interest expense for loans was $7,274,000.
    Cape Cod Co-operative Bank's payroll and benefits expense were $14,921,000.
    Cape Cod Co-operative Bank's property, plant and equipment expenses $3,342,000.

    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 1.0%
    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 $833,954
    Deposits held in domestic offices $833,954
    Deposits by Individuals, partnerships, and corporations $739,258
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $94,697
    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 $98,042
    Demand deposits $65,912
    Nontransaction accounts $735,913
    Money market deposit accounts (MMDAs) $285,441
    Other savings deposits (excluding MMDAs) $303,707
    Total time deposits $146,764
    Total time and savings deposits $768,043
    Noninterest-bearing deposits $65,912
    Interest-bearing deposits $768,042
    Retail deposits $748,402
    IRAs and Keogh plan accounts $13,246
    Brokered deposits $10,120
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $953,491
    Cash & Balances due from depository institutions $33,519
    Interest-bearing balances $25,087
    Total securities $52,321
    Federal funds sold & reverse repurchase $24
    Net loans and leases $819,887
    Loan and leases loss allowance $7,407
    Trading account assets $791
    Bank premises and fixed assets $18,674
    Other real estate owned $38
    Goodwill and other intangibles $1,722
    All other assets $26,515

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $953,491
    Total Liabilities $855,885
    Total deposits $833,954
    Interest-bearing deposits $768,042
    Deposits held in domestic offices $833,954
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $2,982
    Trading liabilities $791
    Other borrowed funds $15,012
    Subordinated debt $0
    All other liabilities $3,146

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $819,887
    Loan and leases loss allowance $7,407
    Total loans and leases (domestic) $827,294
    All real estate loans $795,680
    Real estate loans in domestic offices $795,680
    Construction and development loans $40,340
    Residential 1-4 family construction $23,169
    Other construction, all land development and other land $17,171
    Loans secured by nonfarm nonresidential properties $198,090
    Nonfarm nonresidential secured by owner-occupied properties $81,625
    Commercial real estate & other non-farm, non-residential $116,465
    Multifamily residential real estate $10,938
    1-4 family residential loans $546,312
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $30,678
    To non-U.S. addressees $0
    Loans to individuals $937
    Credit card loans $0
    Related Plans $238
    Consumer Auto Loans $0
    Other loans to individuals $699
    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 $5,423
    Non 1-4 family restructured loans & leases $991
    Total loans and leases (foreign) $0

    Cape Cod Co-operative Bank had $819,887,000 of loans outstanding in 2019. $795,680,000 of loans were in real estate loans. $40,340,000 of loans were in development loans. $10,938,000 of loans were in multifamily mortgage loans. $546,312,000 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 264 $73,025 $276,610
    Nonfarm, nonresidential loans - <$100k 35 $1,613 $46,086
    Nonfarm, nonresidential loans - $100-250k 76 $10,201 $134,224
    Nonfarm, nonresidential loans - $250k-1MM 153 $61,211 $400,072
    Commercial & Industrial, US addressed loans - <$1MM 272 $21,042 $77,360
    Commercial & Industrial, US addressed loans - <$100k 168 $3,418 $20,345
    Commercial & Industrial, US addressed loans - $100-250k 51 $3,595 $70,490
    Commercial & Industrial, US addressed loans - $250k-1MM 53 $14,029 $264,698