Capitol Bank Mortgage Rates, Fees & Info
Madison, WI
LEI: 2549006SBIS8ROWE8X84
Tax ID: 39-1826700
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Mortgage Data
Bank 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
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.
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 |
