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, Refi, 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, Iron Mountain, Chicago, and Oshkosh among others. We have data for 9 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

    380

    Origination Dollar Volume (All Markets)

    $61,470,000

    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) 249 $36,955,000 $148,414 $0 0.00%
    Outside of Metro Areas 122 $22,610,000 $185,328 $0 0.00%
    Stevens Point, WI (FHA|USDA|VA) 3 $585,000 $195,000 $0 0.00%
    Iron Mountain, MI-WI (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    Shawano, WI (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    APPLETON, WI (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    GREEN BAY, WI (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Tomahawk Community Bank Ssb's top markets include Wausau, Stevens Point, Iron Mountain, Chicago, and Oshkosh among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 380 $61,470,000 $161,763 $0 0.00%

    For 2021, Tomahawk Community Bank Ssb's most frequently originated type of loan was Conventional, with 380 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 142 $27,640,000 $194,648 $0 0.00%
    Refi 123 $18,305,000 $148,821 $0 0.00%
    Cash Out Refi 108 $14,690,000 $136,019 $0 0.00%
    Home Improvement 7 $835,000 $119,286 $0 0.00%

    For 2021, Tomahawk Community Bank Ssb's most frequently cited loan purpose was Home Purchase, with 142 originations. The 2nd most popular reason was Refi, with 123 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 380 $61,470,000 $161,763 $0 0.00%

    For 2021, Tomahawk Community Bank Ssb's most frequently cited loan duration was Other, with 380 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 177 $25,695,000 $145,169 $0 0.00%
    $100,000 or less 105 $6,585,000 $62,714 $0 0.00%
    $200k-400k 85 $22,335,000 $262,765 $0 0.00%
    $400k-600k 11 $5,195,000 $472,273 $0 0.00%
    $600k-1MM 2 $1,660,000 $830,000 $0 0.00%

    2021 saw Tomahawk Community Bank Ssb place emphasis on $100k-200k loans with 177 originations, totaling $25,695,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 92 $11,970,000 $130,109 $0 0.00%
    $100k-150k 87 $16,385,000 $188,333 $0 0.00%
    $75k-100k 71 $11,775,000 $165,845 $0 0.00%
    $150k-250k 58 $12,610,000 $217,414 $0 0.00%
    $50k or less 54 $4,980,000 $92,222 $0 0.00%
    $250k+ 7 $2,665,000 $380,714 $0 0.00%

    Tomahawk Community Bank Ssb lent most frequently to those with incomes in the $50k-75k range, with 92 originations. The second most popular income band? $100k-150k, with 87 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 380 $61,470,000 $161,763 $0 0.00%

    Tomahawk Community Bank Ssb lent most frequently to those with DTI ratios of Exempt%, with 380 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 343 $56,095,000 $163,542 $0 0.00%
    Not provided 28 $4,480,000 $160,000 $0 0.00%
    Asian 2 $460,000 $230,000 $0 0.00%
    Not applicable 5 $255,000 $51,000 $0 0.00%
    Black 2 $180,000 $90,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.57%

    Tomahawk Community Bank Ssb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.32%

    Tomahawk Community Bank Ssb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 380 $61,470,000 $161,763

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    380 $61,470,000 $161,763

    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 $121,161
    Tomahawk Community Bank S.S.B. 907 East Main St Merrill, WI 54452 Full Service B&M $39,054

    For 2021, Tomahawk Community Bank Ssb had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,529
    Net interest income $5,276
    Total noninterest income $1,552
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $117
    Trading account gains and fees $0
    Additional Noninterest Income $1,435
    Pre-tax net operating income $1,409
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,079
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,079
    Minority interest net income $0
    Net income $1,079
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,079

    Tomahawk Community Bank Ssb's gross interest income from loans was $5,529,000.
    Tomahawk Community Bank Ssb's net interest income from loans was $5,276,000.
    Tomahawk Community Bank Ssb's fee based income from loans was $117,000.
    Tomahawk Community Bank Ssb's net income from loans was $1,079,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $253
    Provision for credit losses $7
    Total noninterest expense $5,412
    Salaries and employee benefits $2,984
    Premises and equipment expense $424
    Additional noninterest expense $2,004
    Applicable income taxes $330
    Net charge-offs $6
    Cash dividends $0

    Tomahawk Community Bank Ssb's interest expense for loans was $253,000.
    Tomahawk Community Bank Ssb's payroll and benefits expense were $2,984,000.
    Tomahawk Community Bank Ssb's property, plant and equipment expenses $424,000.

    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 $179,538
    Deposits held in domestic offices $179,538
    Deposits by Individuals, partnerships, and corporations $167,137
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $12,401
    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 $75,299
    Demand deposits $63,141
    Nontransaction accounts $104,239
    Money market deposit accounts (MMDAs) $31,166
    Other savings deposits (excluding MMDAs) $52,618
    Total time deposits $20,454
    Total time and savings deposits $116,397
    Noninterest-bearing deposits $35,994
    Interest-bearing deposits $143,544
    Retail deposits $178,770
    IRAs and Keogh plan accounts $7,892
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $203,586
    Cash & Balances due from depository institutions $54,036
    Interest-bearing balances $45,727
    Total securities $23,031
    Federal funds sold & reverse repurchase $108
    Net loans and leases $115,722
    Loan and leases loss allowance $1,705
    Trading account assets $0
    Bank premises and fixed assets $2,895
    Other real estate owned $0
    Goodwill and other intangibles $976
    All other assets $6,818

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $203,586
    Total Liabilities $181,078
    Total deposits $179,538
    Interest-bearing deposits $143,544
    Deposits held in domestic offices $179,538
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,540

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $115,722
    Loan and leases loss allowance $1,705
    Total loans and leases (domestic) $117,427
    All real estate loans $98,184
    Real estate loans in domestic offices $98,184
    Construction and development loans $15,423
    Residential 1-4 family construction $5,712
    Other construction, all land development and other land $9,711
    Loans secured by nonfarm nonresidential properties $20,492
    Nonfarm nonresidential secured by owner-occupied properties $19,166
    Commercial real estate & other non-farm, non-residential $1,326
    Multifamily residential real estate $0
    1-4 family residential loans $62,269
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $8,389
    To non-U.S. addressees $0
    Loans to individuals $7,266
    Credit card loans $0
    Related Plans $17
    Consumer Auto Loans $3,507
    Other loans to individuals $3,742
    All other loans & leases $3,588
    Loans to foreign governments and official institutions $0
    Other loans $1
    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 $197
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Tomahawk Community Bank SSB had $115,722,000 of loans outstanding in 2021. $98,184,000 of loans were in real estate loans. $15,423,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $62,269,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $3,507,000 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 115 $18,619 $161,904
    Nonfarm, nonresidential loans - <$100k 37 $1,749 $47,270
    Nonfarm, nonresidential loans - $100-250k 51 $6,406 $125,608
    Nonfarm, nonresidential loans - $250k-1MM 27 $10,464 $387,556
    Commercial & Industrial, US addressed loans - <$1MM 179 $8,389 $46,866
    Commercial & Industrial, US addressed loans - <$100k 143 $2,991 $20,916
    Commercial & Industrial, US addressed loans - $100-250k 21 $1,526 $72,667
    Commercial & Industrial, US addressed loans - $250k-1MM 15 $3,872 $258,133