Cape Cod Co-operative Bank Mortgage Rates, Fees & Info
Yarmouth Port, MALEI: 549300TXW4YZE1CSWA75
Tax ID: 04-1148930
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Mortgage Data
Bank Data
Review & 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. 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, Providence, and Worcester 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.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.35% | 4/14/24 |
| 30 Year Conventional Refi | 6.07% | 4/14/24 |
| 30 Year Cash-out Refi | 6.16% | 4/14/24 |
| 15 Year Conventional Refi | 5.58% | 4/14/24 |
| 15 Year Cash-out Refi | 5.58% | 4/14/24 |
| 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. | ||
Cape Cod Co-operative Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
730Origination Dollar Volume (All Markets)
$245,030,000Employee count
161Top 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) | 669 | $219,435,000 | $328,004 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 43 | $16,415,000 | $381,744 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $3,450,000 | $862,500 | $0 | 0.00% |
| Vineyard Haven, MA (FHA|USDA|VA) | 4 | $2,730,000 | $682,500 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 8 | $2,620,000 | $327,500 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 0.00% |
Their top states include:
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 728 | $244,420,000 | $335,742 | $0 | 0.00% |
| FHA | 2 | $610,000 | $305,000 | $0 | 0.00% |
For 2020, Cape Cod Co-operative Bank's most frequently originated type of loan was Conventional, with 728 originations. Their 2nd most popular type was FHA, with 2 originations.
Loan Reason
For 2020, Cape Cod Co-operative Bank's most frequently cited loan purpose was Refi, with 311 originations. The 2nd most popular reason was Cash Out Refi, with 233 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 730 | $245,030,000 | $335,658 | $0 | 0.00% |
For 2020, Cape Cod Co-operative Bank's most frequently cited loan duration was Other, with 730 originations.
Loan Sizing
2020 saw Cape Cod Co-operative Bank place emphasis on $200k-400k loans with 380 originations, totaling $110,900,000 in origination value.
Applicant Income
Cape Cod Co-operative Bank lent most frequently to those with incomes in the $100k-150k range, with 185 originations. The second most popular income band? $50k-75k, with 144 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 730 | $245,030,000 | $335,658 | $0 | 0.00% |
Cape Cod Co-operative Bank lent most frequently to those with DTI ratios of Exempt%, with 730 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.66%
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 origination86.71%
Cape Cod Co-operative Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 730 | $245,030,000 | $335,658 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 1 | $905,000 | $905,000 |
| Single Family (1-4 Units):Site-Built | 729 | $244,125,000 | $334,877 |
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 | $80,157 |
| Cape Cod Co-Operative Bank | 121 Main Street Yarmouth Port, MA 2675 | Full Service B&M | $192,833 |
| Cape Cod Co-Operative Bank | 121 Main Street/Route 6a Yarmouth Port, MA 2675 | Limited, Mobile/Seasonal Office | $1,874 |
| Cape Cod Co-Operative Bank | 1470 Orleans Road East Harwich, MA 2645 | Full Service B&M | $66,293 |
| Cape Cod Co-Operative Bank | 1591 Main Street East Dennis, MA 2641 | Full Service B&M | $163,451 |
| Cape Cod Co-Operative Bank | 237 North Main Street South Yarmouth, MA 2664 | Limited, Mobile/Seasonal Office | $637 |
| Cape Cod Co-Operative Bank | 238 Worcester Court Falmouth, MA 2540 | Full Service B&M | $37,208 |
| Cape Cod Co-Operative Bank | 275 Cotuit Road Sandwich, MA 2563 | Full Service B&M | $104,710 |
| Cape Cod Co-Operative Bank | 3878 Falmouth Road Marstons Mills, MA 2648 | Full Service B&M | $28,443 |
| Cape Cod Co-Operative Bank | 64 King's Circuit Yarmouth Port, MA 2675 | Full Service B&M | $12,048 |
| Cape Cod Co-Operative Bank | 660 N Falmouth Hwy North Falmouth, MA 2556 | Full Service B&M | $24,264 |
| Cape Cod Co-Operative Bank | 695 Attucks Lane Hyannis Hyannis, MA 2601 | Full Service B&M | $231,613 |
For 2020, Cape Cod Co-operative Bank had 12 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $36,323 |
| Net interest income | $31,061 |
| Total noninterest income | $7,433 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $652 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $6,781 |
| Pre-tax net operating income | $8,885 |
| Securities gains (or losses, -) | $11 |
| Income before extraordinary items | $6,477 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $6,477 |
| Minority interest net income | $0 |
| Net income | $6,477 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $6,468 |
Cape Cod Co-operative Bank's gross interest income from loans was $36,323,000.
Cape Cod Co-operative Bank's net interest income from loans was $31,061,000.
Cape Cod Co-operative Bank's fee based income from loans was $652,000.
Cape Cod Co-operative Bank's net income from loans was $6,477,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $5,262 |
| Provision for credit losses | $3,599 |
| Total noninterest expense | $26,010 |
| Salaries and employee benefits | $14,986 |
| Premises and equipment expense | $3,642 |
| Additional noninterest expense | $7,382 |
| Applicable income taxes | $2,419 |
| Net charge-offs | $-208 |
| Cash dividends | $0 |
Cape Cod Co-operative Bank's interest expense for loans was $5,262,000.
Cape Cod Co-operative Bank's payroll and benefits expense were $14,986,000.
Cape Cod Co-operative Bank's property, plant and equipment expenses $3,642,000.
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 | $1,051,923 |
| Deposits held in domestic offices | $1,051,923 |
| Deposits by Individuals, partnerships, and corporations | $901,846 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $150,077 |
| 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 | $133,098 |
| Demand deposits | $90,402 |
| Nontransaction accounts | $918,825 |
| Money market deposit accounts (MMDAs) | $407,467 |
| Other savings deposits (excluding MMDAs) | $400,409 |
| Total time deposits | $110,949 |
| Total time and savings deposits | $961,521 |
| Noninterest-bearing deposits | $90,402 |
| Interest-bearing deposits | $961,521 |
| Retail deposits | $991,208 |
| IRAs and Keogh plan accounts | $12,862 |
| Brokered deposits | $5,038 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,176,201 |
| Cash & Balances due from depository institutions | $146,110 |
| Interest-bearing balances | $134,063 |
| Total securities | $35,649 |
| Federal funds sold & reverse repurchase | $179 |
| Net loans and leases | $932,846 |
| Loan and leases loss allowance | $11,214 |
| Trading account assets | $3,290 |
| Bank premises and fixed assets | $25,684 |
| Other real estate owned | $331 |
| Goodwill and other intangibles | $1,749 |
| All other assets | $30,363 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,176,201 |
| Total Liabilities | $1,071,873 |
| Total deposits | $1,051,923 |
| Interest-bearing deposits | $961,521 |
| Deposits held in domestic offices | $1,051,923 |
| % insured (estimated) | $67 |
| Federal funds purchased and repurchase agreements | $7,781 |
| Trading liabilities | $3,290 |
| Other borrowed funds | $4,021 |
| Subordinated debt | $0 |
| All other liabilities | $4,858 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $932,846 |
| Loan and leases loss allowance | $11,214 |
| Total loans and leases (domestic) | $944,060 |
| All real estate loans | $849,168 |
| Real estate loans in domestic offices | $849,168 |
| Construction and development loans | $25,525 |
| Residential 1-4 family construction | $17,097 |
| Other construction, all land development and other land | $8,428 |
| Loans secured by nonfarm nonresidential properties | $265,137 |
| Nonfarm nonresidential secured by owner-occupied properties | $99,529 |
| Commercial real estate & other non-farm, non-residential | $165,608 |
| Multifamily residential real estate | $9,610 |
| 1-4 family residential loans | $548,896 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $94,240 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $652 |
| Credit card loans | $0 |
| Related Plans | $163 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $489 |
| 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 | $4,806 |
| Non 1-4 family restructured loans & leases | $1,069 |
| Total loans and leases (foreign) | $0 |
Cape Cod Co-operative Bank had $932,846,000 of loans outstanding in 2020. $849,168,000 of loans were in real estate loans. $25,525,000 of loans were in development loans. $9,610,000 of loans were in multifamily mortgage loans. $548,896,000 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 | 312 | $97,095 | $311,202 |
| Nonfarm, nonresidential loans - <$100k | 38 | $1,663 | $43,763 |
| Nonfarm, nonresidential loans - $100-250k | 81 | $10,984 | $135,605 |
| Nonfarm, nonresidential loans - $250k-1MM | 193 | $84,448 | $437,554 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,056 | $65,342 | $61,877 |
| Commercial & Industrial, US addressed loans - <$100k | 813 | $20,597 | $25,335 |
| Commercial & Industrial, US addressed loans - $100-250k | 150 | $16,868 | $112,453 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 93 | $27,877 | $299,753 |