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 Refi, Cash Out Refi, and Home Purchase loans. Tomahawk Community Bank Ssb has a high proportion of conventional loans. Their top markets by origination volume include: Wausau, Wisconsin Rapids, Shawano, and Duluth 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 an above 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

    416

    Origination Dollar Volume (All Markets)

    $65,510,000

    Employee count

    38

    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) 297 $43,565,000 $146,684 $0 0.00%
    Outside of Metro Areas 116 $21,230,000 $183,017 $0 0.00%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
    Shawano, WI (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Tomahawk Community Bank Ssb's top markets include Wausau, Wisconsin Rapids, Shawano, and Duluth among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 416 $65,510,000 $157,476 $0 0.00%

    For 2020, Tomahawk Community Bank Ssb's most frequently originated type of loan was Conventional, with 416 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 158 $24,680,000 $156,203 $0 0.00%
    Cash Out Refi 136 $20,200,000 $148,529 $0 0.00%
    Home Purchase 119 $20,565,000 $172,815 $0 0.00%
    Home Improvement 2 $50,000 $25,000 $0 0.00%
    Other 1 $15,000 $15,000 $0 0.00%

    For 2020, Tomahawk Community Bank Ssb's most frequently cited loan purpose was Refi, with 158 originations. The 2nd most popular reason was Cash Out Refi, with 136 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 416 $65,510,000 $157,476 $0 0.00%

    For 2020, Tomahawk Community Bank Ssb's most frequently cited loan duration was Other, with 416 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 188 $27,300,000 $145,213 $0 0.00%
    $100,000 or less 125 $8,225,000 $65,800 $0 0.00%
    $200k-400k 90 $23,720,000 $263,556 $0 0.00%
    $400k-600k 11 $5,025,000 $456,818 $0 0.00%
    $600k-1MM 2 $1,240,000 $620,000 $0 0.00%

    2020 saw Tomahawk Community Bank Ssb place emphasis on $100k-200k loans with 188 originations, totaling $27,300,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 103 $20,235,000 $196,456 $0 0.00%
    $50k-75k 88 $11,230,000 $127,614 $0 0.00%
    $75k-100k 80 $12,680,000 $158,500 $0 0.00%
    $50k or less 75 $6,375,000 $85,000 $0 0.00%
    $150k-250k 45 $9,145,000 $203,222 $0 0.00%
    $250k+ 20 $5,140,000 $257,000 $0 0.00%

    Tomahawk Community Bank Ssb lent most frequently to those with incomes in the $100k-150k range, with 103 originations. The second most popular income band? $50k-75k, with 88 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 416 $65,510,000 $157,476 $0 0.00%

    Tomahawk Community Bank Ssb lent most frequently to those with DTI ratios of Exempt%, with 416 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 385 $61,635,000 $160,091 $0 0.00%
    Not provided 23 $2,735,000 $118,913 $0 0.00%
    Not applicable 5 $705,000 $141,000 $0 0.00%
    Filipino 1 $175,000 $175,000 $0 0.00%
    American Indian 1 $155,000 $155,000 $0 0.00%
    Asian 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.86%

    Tomahawk Community Bank Ssb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.11%

    Tomahawk Community Bank Ssb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 416 $65,510,000 $157,476

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 15 $1,245,000 $83,000
    Single Family (1-4 Units):Site-Built 401 $64,265,000 $160,262

    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 $102,161
    Tomahawk Community Bank S.S.B. 907 East Main St Merrill, WI 54452 Full Service B&M $36,505

    For 2020, Tomahawk Community Bank Ssb had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,108
    Net interest income $5,648
    Total noninterest income $1,758
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $117
    Trading account gains and fees $0
    Additional Noninterest Income $1,641
    Pre-tax net operating income $2,053
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,550
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,550
    Minority interest net income $0
    Net income $1,550
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,550

    Tomahawk Community Bank Ssb's gross interest income from loans was $6,108,000.
    Tomahawk Community Bank Ssb's net interest income from loans was $5,648,000.
    Tomahawk Community Bank Ssb's fee based income from loans was $117,000.
    Tomahawk Community Bank Ssb's net income from loans was $1,550,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $460
    Provision for credit losses $151
    Total noninterest expense $5,202
    Salaries and employee benefits $2,877
    Premises and equipment expense $392
    Additional noninterest expense $1,933
    Applicable income taxes $503
    Net charge-offs $-2
    Cash dividends $0

    Tomahawk Community Bank Ssb's interest expense for loans was $460,000.
    Tomahawk Community Bank Ssb's payroll and benefits expense were $2,877,000.
    Tomahawk Community Bank Ssb's property, plant and equipment expenses $392,000.

    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 1.0%
    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 $152,443
    Deposits held in domestic offices $152,443
    Deposits by Individuals, partnerships, and corporations $139,175
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $13,268
    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 $61,571
    Demand deposits $51,518
    Nontransaction accounts $90,872
    Money market deposit accounts (MMDAs) $22,289
    Other savings deposits (excluding MMDAs) $44,845
    Total time deposits $23,739
    Total time and savings deposits $100,925
    Noninterest-bearing deposits $28,752
    Interest-bearing deposits $123,691
    Retail deposits $151,443
    IRAs and Keogh plan accounts $8,754
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $179,748
    Cash & Balances due from depository institutions $46,335
    Interest-bearing balances $35,373
    Total securities $9,690
    Federal funds sold & reverse repurchase $546
    Net loans and leases $112,784
    Loan and leases loss allowance $1,705
    Trading account assets $0
    Bank premises and fixed assets $2,840
    Other real estate owned $0
    Goodwill and other intangibles $1,002
    All other assets $6,551

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $179,748
    Total Liabilities $158,013
    Total deposits $152,443
    Interest-bearing deposits $123,691
    Deposits held in domestic offices $152,443
    % insured (estimated) $92
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $4,000
    Subordinated debt $0
    All other liabilities $1,570

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $112,784
    Loan and leases loss allowance $1,705
    Total loans and leases (domestic) $114,489
    All real estate loans $93,560
    Real estate loans in domestic offices $93,560
    Construction and development loans $13,968
    Residential 1-4 family construction $6,053
    Other construction, all land development and other land $7,915
    Loans secured by nonfarm nonresidential properties $21,041
    Nonfarm nonresidential secured by owner-occupied properties $18,170
    Commercial real estate & other non-farm, non-residential $2,871
    Multifamily residential real estate $58
    1-4 family residential loans $58,493
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $9,832
    To non-U.S. addressees $0
    Loans to individuals $7,206
    Credit card loans $0
    Related Plans $20
    Consumer Auto Loans $3,416
    Other loans to individuals $3,770
    All other loans & leases $3,891
    Loans to foreign governments and official institutions $0
    Other loans $79
    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 $199
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Tomahawk Community Bank SSB had $112,784,000 of loans outstanding in 2020. $93,560,000 of loans were in real estate loans. $13,968,000 of loans were in development loans. $58,000 of loans were in multifamily mortgage loans. $58,493,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $3,416,000 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 132 $19,029 $144,159
    Nonfarm, nonresidential loans - <$100k 46 $2,131 $46,326
    Nonfarm, nonresidential loans - $100-250k 59 $7,625 $129,237
    Nonfarm, nonresidential loans - $250k-1MM 27 $9,273 $343,444
    Commercial & Industrial, US addressed loans - <$1MM 228 $9,832 $43,123
    Commercial & Industrial, US addressed loans - <$100k 189 $4,074 $21,556
    Commercial & Industrial, US addressed loans - $100-250k 24 $1,927 $80,292
    Commercial & Industrial, US addressed loans - $250k-1MM 15 $3,831 $255,400