Tomahawk Community Bank Ssb Mortgage Rates, Fees & Info

Tomahawk, WI

LEI: 2549004NNGKPRSS24037

Tax ID: 39-0660430

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Tomahawk Community Bank Ssb is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Tomahawk Community Bank Ssb has a high proportion of conventional loans. Their top markets by origination volume include: Wausau, Stevens Point, Eau Claire, and Shawano among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Tomahawk Community Bank Ssb 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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    Originations

    218

    Origination Dollar Volume (All Markets)

    $31,130,000

    Employee count

    39

    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
    WAUSAU-WESTON, WI (FHA|USDA|VA) 150 $20,180,000 $134,533 $0 0.00%
    Outside of Metro Areas 64 $10,200,000 $159,375 $0 0.00%
    Stevens Point, WI (FHA|USDA|VA) 2 $350,000 $175,000 $0 0.00%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
    Shawano, WI (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Tomahawk Community Bank Ssb's top markets include Wausau, Stevens Point, Eau Claire, and Shawano among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 218 $31,130,000 $142,798 $0 0.00%

    For 2019, Tomahawk Community Bank Ssb's most frequently originated type of loan was Conventional, with 218 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 112 $18,130,000 $161,875 $0 0.00%
    Cash Out Refi 47 $6,255,000 $133,085 $0 0.00%
    Refi 31 $5,865,000 $189,194 $0 0.00%
    Home Improvement 16 $390,000 $24,375 $0 0.00%
    Other 12 $490,000 $40,833 $0 0.00%

    For 2019, Tomahawk Community Bank Ssb's most frequently cited loan purpose was Home Purchase, with 112 originations. The 2nd most popular reason was Cash Out Refi, with 47 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 218 $31,130,000 $142,798 $0 0.00%

    For 2019, Tomahawk Community Bank Ssb's most frequently cited loan duration was Other, with 218 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 88 $4,440,000 $50,455 $0 0.00%
    $100k-200k 74 $10,310,000 $139,324 $0 0.00%
    $200k-400k 49 $13,005,000 $265,408 $0 0.00%
    $400k-600k 6 $2,730,000 $455,000 $0 0.00%
    $600k-1MM 1 $645,000 $645,000 $0 0.00%

    2019 saw Tomahawk Community Bank Ssb place emphasis on $100,000 or less loans with 88 originations, totaling $4,440,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 52 $8,820,000 $169,615 $0 0.00%
    $50k or less 45 $3,095,000 $68,778 $0 0.00%
    $50k-75k 43 $4,515,000 $105,000 $0 0.00%
    $75k-100k 40 $6,190,000 $154,750 $0 0.00%
    $150k-250k 19 $3,875,000 $203,947 $0 0.00%
    $250k+ 14 $3,790,000 $270,714 $0 0.00%

    Tomahawk Community Bank Ssb lent most frequently to those with incomes in the $100k-150k range, with 52 originations. The second most popular income band? $50k or less, with 45 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 218 $31,130,000 $142,798 $0 0.00%

    Tomahawk Community Bank Ssb lent most frequently to those with DTI ratios of Exempt%, with 218 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 174 $25,350,000 $145,690 $0 0.00%
    Not applicable 17 $2,935,000 $172,647 $0 0.00%
    Not provided 26 $2,510,000 $96,538 $0 0.00%
    Asian 1 $335,000 $335,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.70%

    Tomahawk Community Bank Ssb has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    88.07%

    Tomahawk Community Bank Ssb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 218 $31,130,000 $142,798

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $450,000 $225,000
    Single Family (1-4 Units):Manufactured 13 $1,025,000 $78,846
    Single Family (1-4 Units):Site-Built 203 $29,655,000 $146,084

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Tomahawk Community Bank S.S.B. 15 East Wisconsin Avenue Tomahawk, WI 54487 Full Service B&M $87,687
    Tomahawk Community Bank S.S.B. 907 East Main St Merrill, WI 54452 Full Service B&M $32,255

    For 2019, Tomahawk Community Bank Ssb had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,935
    Net interest income $5,509
    Total noninterest income $1,146
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $143
    Trading account gains and fees $0
    Additional Noninterest Income $1,003
    Pre-tax net operating income $1,610
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,233
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,233
    Minority interest net income $0
    Net income $1,233
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,233

    Tomahawk Community Bank Ssb's gross interest income from loans was $5,935,000.
    Tomahawk Community Bank Ssb's net interest income from loans was $5,509,000.
    Tomahawk Community Bank Ssb's fee based income from loans was $143,000.
    Tomahawk Community Bank Ssb's net income from loans was $1,233,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $426
    Provision for credit losses $9
    Total noninterest expense $5,036
    Salaries and employee benefits $2,786
    Premises and equipment expense $398
    Additional noninterest expense $1,852
    Applicable income taxes $377
    Net charge-offs $34
    Cash dividends $0

    Tomahawk Community Bank Ssb's interest expense for loans was $426,000.
    Tomahawk Community Bank Ssb's payroll and benefits expense were $2,786,000.
    Tomahawk Community Bank Ssb's property, plant and equipment expenses $398,000.

    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 $129,821
    Deposits held in domestic offices $129,821
    Deposits by Individuals, partnerships, and corporations $117,636
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $12,185
    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 $49,146
    Demand deposits $39,975
    Nontransaction accounts $80,675
    Money market deposit accounts (MMDAs) $17,904
    Other savings deposits (excluding MMDAs) $35,286
    Total time deposits $27,485
    Total time and savings deposits $89,846
    Noninterest-bearing deposits $22,257
    Interest-bearing deposits $107,565
    Retail deposits $127,344
    IRAs and Keogh plan accounts $7,684
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $151,363
    Cash & Balances due from depository institutions $7,726
    Interest-bearing balances $2,337
    Total securities $9,970
    Federal funds sold & reverse repurchase $4,385
    Net loans and leases $119,266
    Loan and leases loss allowance $1,552
    Trading account assets $0
    Bank premises and fixed assets $2,596
    Other real estate owned $0
    Goodwill and other intangibles $1,028
    All other assets $6,392

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $151,363
    Total Liabilities $131,324
    Total deposits $129,821
    Interest-bearing deposits $107,565
    Deposits held in domestic offices $129,821
    % insured (estimated) $93
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,503

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $119,266
    Loan and leases loss allowance $1,552
    Total loans and leases (domestic) $120,818
    All real estate loans $93,848
    Real estate loans in domestic offices $93,848
    Construction and development loans $12,354
    Residential 1-4 family construction $5,918
    Other construction, all land development and other land $6,436
    Loans secured by nonfarm nonresidential properties $21,943
    Nonfarm nonresidential secured by owner-occupied properties $19,139
    Commercial real estate & other non-farm, non-residential $2,804
    Multifamily residential real estate $63
    1-4 family residential loans $59,488
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $13,955
    To non-U.S. addressees $0
    Loans to individuals $7,772
    Credit card loans $0
    Related Plans $31
    Consumer Auto Loans $3,875
    Other loans to individuals $3,866
    All other loans & leases $5,243
    Loans to foreign governments and official institutions $0
    Other loans $3
    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 $153
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Tomahawk Community Bank SSB had $119,266,000 of loans outstanding in 2019. $93,848,000 of loans were in real estate loans. $12,354,000 of loans were in development loans. $63,000 of loans were in multifamily mortgage loans. $59,488,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $3,875,000 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 130 $19,583 $150,638
    Nonfarm, nonresidential loans - <$100k 48 $2,303 $47,979
    Nonfarm, nonresidential loans - $100-250k 57 $7,807 $136,965
    Nonfarm, nonresidential loans - $250k-1MM 25 $9,473 $378,920
    Commercial & Industrial, US addressed loans - <$1MM 149 $9,335 $62,651
    Commercial & Industrial, US addressed loans - <$100k 117 $2,766 $23,641
    Commercial & Industrial, US addressed loans - $100-250k 18 $1,605 $89,167
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $4,964 $354,571