Capitol Bank Mortgage Rates, Fees & Info

Madison, WI

LEI: 2549006SBIS8ROWE8X84

Tax ID: 39-1826700

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Capitol Bank is a smaller bank specializing in Refi and Home Purchase loans. Capitol Bank has a high proportion of conventional loans. Their top markets include Madison, Milwaukee, Watertown, La Crosse, and Janesville among others. Capitol Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

270

Origination Dollar Volume (All Markets)

$112,010,000

Employee count

55

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
MADISON, WI (FHA|USDA|VA) 208 $90,350,000 $434,375 $0 0.00%
Outside of Metro Areas 19 $4,705,000 $247,632 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 12 $4,230,000 $352,500 $0 0.00%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 4 $4,110,000 $1,027,500 $0 0.00%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 3 $3,475,000 $1,158,333 $0 0.00%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 10 $1,440,000 $144,000 $0 0.00%
APPLETON, WI (FHA|USDA|VA) 1 $665,000 $665,000 $0 0.00%
Whitewater, WI (FHA|USDA|VA) 2 $550,000 $275,000 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $545,000 $545,000 $0 0.00%
Baraboo, WI (FHA|USDA|VA) 3 $505,000 $168,333 $0 0.00%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $485,000 $485,000 $0 0.00%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
Platteville, WI (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
RACINE, WI (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
Stevens Point, WI (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
Beaver Dam, WI (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
DULUTH, MN-WI (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%

Capitol Bank's top markets include Madison, Milwaukee, Watertown, La Crosse, and Janesville among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 270 $112,010,000 $414,852 $0 0.00%

For the 2021 period, Capitol Bank's most frequently originated loan type of loans were Conventional, with 270 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 128 $41,550,000 $324,609 $0 0.00%
Home Purchase 74 $51,280,000 $692,973 $0 0.00%
Cash Out Refi 61 $16,495,000 $270,410 $0 0.00%
Other 5 $1,545,000 $309,000 $0 0.00%
Home Improvement 2 $1,140,000 $570,000 $0 0.00%

For the 2021, Capitol Bank's most frequently cited loan purpose of loans were Refi, with 128 originations. The 2nd most popular reason of loans were Home Purchase, with 74 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 270 $112,010,000 $414,852 $0 0.00%

For the 2021, Capitol Bank's most frequently cited loan length of loans were Other, with 270 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 113 $32,115,000 $284,204 $0 0.00%
$100k-200k 76 $11,220,000 $147,632 $0 0.00%
$400k-600k 50 $23,660,000 $473,200 $0 0.00%
$600k-1MM 12 $8,620,000 $718,333 $0 0.00%
$100,000 or less 10 $840,000 $84,000 $0 0.00%
$1MM+ 9 $35,555,000 $3,950,556 $0 0.00%

2021 saw Capitol Bank place emphasis on $200k-400k loans with 113 originations, totaling $32,115,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 63 $23,385,000 $371,190 $0 0.00%
$100k-150k 62 $15,250,000 $245,968 $0 0.00%
$250k+ 48 $20,730,000 $431,875 $0 0.00%
$75k-100k 39 $8,705,000 $223,205 $0 0.00%
$50k-75k 26 $4,380,000 $168,462 $0 0.00%
$50k or less 9 $1,215,000 $135,000 $0 0.00%

Capitol Bank lent most frequently to those with incomes in the $150k-250k range, with 63 originations. The second most popular income band? $100k-150k, with 62 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 270 $112,010,000 $414,852 $0 0.00%

Capitol Bank lent most frequently to those with DTI ratios of Exempt%, with 270 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 245 $70,235,000 $286,673 $0 0.00%
Not applicable 15 $36,415,000 $2,427,667 $0 0.00%
Not provided 1 $1,965,000 $1,965,000 $0 0.00%
Black 3 $1,895,000 $631,667 $0 0.00%
Asian 6 $1,500,000 $250,000 $0 0.00%

Approval Rates

Total approvals of all applications
96.65%

Capitol 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 origination
86.39%

Capitol Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 270 $112,010,000 $414,852

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
270 $112,010,000 $414,852

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
CAPITAL CENTER LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Capitol Bank 8301 Old Sauk Road Middleton, WI 53562 Limited, Drive-thru $0
Capitol Bank 8501 Old Sauk Road Middleton, WI 53562 Limited, Drive-thru $0
Capitol Bank 902 North High Point Road Madison, WI 53717 Limited, Drive-thru $0
Capitol Bank 9401 Old Sauk Road Middleton, WI 53562 Limited, Drive-thru $0
Capitol Bank 1049 Enterprise Drive Verona, WI 53593 Limited, Drive-thru $0
Capitol Bank 108 East Verona Avenue Verona, WI 53593 Full Service B&M $87,282
Capitol Bank 304 Chruch Street Verona, WI 53593 Limited, Drive-thru $0
Capitol Bank 325 Prairie Way Boulevard Verona, WI 53593 Limited, Drive-thru $0
Capitol Bank 6720 Century Avenue Middleton, WI 53562 Limited, Drive-thru $0
Capitol Bank 710 North High Point Road Madison, WI 53717 Full Service B&M $303,782
Capitol Bank 7707 North Brookline Drive Madison, WI 53719 Limited, Drive-thru $0
Capitol Bank 7710 South Brookline Drive Madison, WI 53719 Limited, Drive-thru $0

For 2021, Capitol Bank had 12 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $15,899
Net interest income $14,402
Total noninterest income $2,418
Gross Fiduciary activities income $0
Service charges on deposit accounts $342
Trading account gains and fees $0
Additional Noninterest Income $2,076
Pre-tax net operating income $7,190
Securities gains (or losses, -) $28
Income before extraordinary items $5,380
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $5,380
Minority interest net income $0
Net income $5,380
Sale, conversion, retirement of capital stock, net $0
Net operating income $5,357

Capitol Bank's gross interest income from loans was $15,899,000.
Capitol Bank's net interest income from loans was $14,402,000.
Capitol Bank's fee based income from loans was $342,000.
Capitol Bank's net income from loans was $5,380,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $1,497
Provision for credit losses $0
Total noninterest expense $9,630
Salaries and employee benefits $6,653
Premises and equipment expense $651
Additional noninterest expense $2,326
Applicable income taxes $1,838
Net charge-offs $-307
Cash dividends $3,000

Capitol Bank's interest expense for loans was $1,497,000.
Capitol Bank's payroll and benefits expense were $6,653,000.
Capitol Bank's property, plant and equipment expenses $651,000.

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 $426,129
Deposits held in domestic offices $426,129
Deposits by Individuals, partnerships, and corporations $344,404
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $74,009
Deposits by Commercial banks and other depository institutions in U.S. $7,716
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $136,952
Demand deposits $97,249
Nontransaction accounts $289,177
Money market deposit accounts (MMDAs) $173,952
Other savings deposits (excluding MMDAs) $18,798
Total time deposits $96,427
Total time and savings deposits $328,880
Noninterest-bearing deposits $97,249
Interest-bearing deposits $328,879
Retail deposits $382,359
IRAs and Keogh plan accounts $2,993
Brokered deposits $6,676
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $489,119
Cash & Balances due from depository institutions $26,136
Interest-bearing balances $22,300
Total securities $88,662
Federal funds sold & reverse repurchase $60
Net loans and leases $356,402
Loan and leases loss allowance $5,385
Trading account assets $0
Bank premises and fixed assets $3,358
Other real estate owned $0
Goodwill and other intangibles $1,137
All other assets $13,364

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $489,119
Total Liabilities $434,703
Total deposits $426,129
Interest-bearing deposits $328,879
Deposits held in domestic offices $426,129
% insured (estimated) $60
Federal funds purchased and repurchase agreements $1,000
Trading liabilities $0
Other borrowed funds $5,000
Subordinated debt $0
All other liabilities $2,574

Issued Loan Types

Type Value (in 000's)
Net loans and leases $356,402
Loan and leases loss allowance $5,385
Total loans and leases (domestic) $361,787
All real estate loans $302,517
Real estate loans in domestic offices $302,517
Construction and development loans $25,445
Residential 1-4 family construction $329
Other construction, all land development and other land $25,116
Loans secured by nonfarm nonresidential properties $143,308
Nonfarm nonresidential secured by owner-occupied properties $44,771
Commercial real estate & other non-farm, non-residential $98,537
Multifamily residential real estate $88,286
1-4 family residential loans $45,478
Farmland loans $0
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $55,826
To non-U.S. addressees $0
Loans to individuals $1,922
Credit card loans $0
Related Plans $249
Consumer Auto Loans $63
Other loans to individuals $1,610
All other loans & leases $1,522
Loans to foreign governments and official institutions $0
Other loans $50
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 $0
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

Capitol Bank had $356,402,000 of loans outstanding in 2021. $302,517,000 of loans were in real estate loans. $25,445,000 of loans were in development loans. $88,286,000 of loans were in multifamily mortgage loans. $45,478,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $63,000 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 83 $29,866 $359,831
Nonfarm, nonresidential loans - <$100k 14 $860 $61,429
Nonfarm, nonresidential loans - $100-250k 25 $4,168 $166,720
Nonfarm, nonresidential loans - $250k-1MM 44 $24,838 $564,500
Commercial & Industrial, US addressed loans - <$1MM 169 $29,869 $176,740
Commercial & Industrial, US addressed loans - <$100k 84 $3,148 $37,476
Commercial & Industrial, US addressed loans - $100-250k 46 $7,535 $163,804
Commercial & Industrial, US addressed loans - $250k-1MM 39 $19,186 $491,949