Capitol Bank Mortgage Rates, Fees & Info
Madison, WILEI: 2549006SBIS8ROWE8X84
Tax ID: 39-1826700
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Mortgage Data
Bank Data
Review & Overview
Capitol Bank is a smaller bank specializing in Home Purchase and Refi loans. Capitol Bank has a high proportion of conventional loans. Capitol Bank has a low ratio of conventional loans. Their top markets by origination volume include: Madison, Milwaukee, Baraboo, Janesville, and Appleton among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Capitol Bank 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. Capitol Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.81% | 11/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Capitol Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
175Origination Dollar Volume (All Markets)
$68,735,000Employee count
53Top 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 |
|---|---|---|---|---|---|
| MADISON, WI (FHA|USDA|VA) | 134 | $46,280,000 | $345,373 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 14 | $17,190,000 | $1,227,857 | $0 | 0.00% |
| Baraboo, WI (FHA|USDA|VA) | 7 | $1,405,000 | $200,714 | $0 | 0.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 5 | $1,205,000 | $241,000 | $0 | 0.00% |
| Outside of Metro Areas | 8 | $1,040,000 | $130,000 | $1,065 | 3.50% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 174 | $68,510,000 | $393,736 | $0 | 0.00% |
| Conventional | 1 | $225,000 | $225,000 | $1,065 | 3.50% |
For 2019, Capitol Bank's most frequently originated type of loan was Conventional, with 174 originations. Their 2nd most popular type was Conventional, with 1 originations.
Loan Reason
For 2019, Capitol Bank's most frequently cited loan purpose was Home Purchase, with 71 originations. The 2nd most popular reason was Refi, with 62 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 174 | $68,510,000 | $393,736 | $0 | 0.00% |
| 30 Year | 1 | $225,000 | $225,000 | $1,065 | 3.50% |
For 2019, Capitol Bank's most frequently cited loan duration was Other, with 174 originations. The 2nd most popular length was 30 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1 | $225,000 | $225,000 |
Capitol Bank's average total fees were $1,065, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1 | $225,000 | $225,000 |
During 2019, Capitol Bank's average interest rate for loans was 3.50%, while their most frequently originated rate bucket for loans was 3-4%, with 1 originations.
Loan Sizing
2019 saw Capitol Bank place emphasis on $200k-400k loans with 84 originations, totaling $24,090,000 in origination value.
Applicant Income
Capitol Bank lent most frequently to those with incomes in the $150k-250k range, with 52 originations. The second most popular income band? $100k-150k, with 33 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 174 | $68,510,000 | $393,736 | $0 | 0.00% |
| 20-30% | 1 | $225,000 | $225,000 | $1,065 | 3.50% |
Capitol Bank lent most frequently to those with DTI ratios of Exempt%, with 174 originations. The next most common DTI ratio? 20-30%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.24%
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 origination83.43%
Capitol Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 174 | $68,510,000 | $393,736 |
| NA | 1 | $225,000 | $225,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 15 | $24,385,000 | $1,625,667 |
| Single Family (1-4 Units):Site-Built | 160 | $44,350,000 | $277,188 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 60-80% | 1 | $225,000 | $225,000 | $1,065 | 3.50% |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Capital Markets Cooporative, LLC | Conventional home mortgage | Closing on a mortgage | 2 | 4.7% |
| Capital Markets Cooporative, LLC | Conventional home mortgage | Trouble during payment process | 40 | 93.0% |
| Capital Markets Cooporative, LLC | Other type of mortgage | Incorrect information on your report | 1 | 2.3% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| 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 | $127,289 |
| 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 | $207,301 |
| 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 |
| 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 |
For 2019, Capitol Bank had 12 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $16,644 |
| Net interest income | $13,212 |
| Total noninterest income | $1,187 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $352 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $835 |
| Pre-tax net operating income | $6,459 |
| Securities gains (or losses, -) | $17 |
| Income before extraordinary items | $4,849 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $4,849 |
| Minority interest net income | $0 |
| Net income | $4,849 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $4,835 |
Capitol Bank's gross interest income from loans was $16,644,000.
Capitol Bank's net interest income from loans was $13,212,000.
Capitol Bank's fee based income from loans was $352,000.
Capitol Bank's net income from loans was $4,849,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,432 |
| Provision for credit losses | $0 |
| Total noninterest expense | $7,940 |
| Salaries and employee benefits | $5,274 |
| Premises and equipment expense | $557 |
| Additional noninterest expense | $2,109 |
| Applicable income taxes | $1,627 |
| Net charge-offs | $-103 |
| Cash dividends | $0 |
Capitol Bank's interest expense for loans was $3,432,000.
Capitol Bank's payroll and benefits expense were $5,274,000.
Capitol Bank's property, plant and equipment expenses $557,000.
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 | $348,834 |
| Deposits held in domestic offices | $348,834 |
| Deposits by Individuals, partnerships, and corporations | $272,625 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $69,878 |
| Deposits by Commercial banks and other depository institutions in U.S. | $6,331 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $90,621 |
| Demand deposits | $54,538 |
| Nontransaction accounts | $258,213 |
| Money market deposit accounts (MMDAs) | $160,464 |
| Other savings deposits (excluding MMDAs) | $11,369 |
| Total time deposits | $86,382 |
| Total time and savings deposits | $294,296 |
| Noninterest-bearing deposits | $54,538 |
| Interest-bearing deposits | $294,296 |
| Retail deposits | $305,069 |
| IRAs and Keogh plan accounts | $3,974 |
| Brokered deposits | $8,308 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $399,653 |
| Cash & Balances due from depository institutions | $40,817 |
| Interest-bearing balances | $36,826 |
| Total securities | $59,017 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $288,895 |
| Loan and leases loss allowance | $4,314 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,119 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $7,805 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $399,653 |
| Total Liabilities | $351,790 |
| Total deposits | $348,834 |
| Interest-bearing deposits | $294,296 |
| Deposits held in domestic offices | $348,834 |
| % insured (estimated) | $61 |
| Federal funds purchased and repurchase agreements | $1,000 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $1,956 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $288,895 |
| Loan and leases loss allowance | $4,314 |
| Total loans and leases (domestic) | $293,209 |
| All real estate loans | $233,549 |
| Real estate loans in domestic offices | $233,549 |
| Construction and development loans | $14,932 |
| Residential 1-4 family construction | $863 |
| Other construction, all land development and other land | $14,069 |
| Loans secured by nonfarm nonresidential properties | $125,640 |
| Nonfarm nonresidential secured by owner-occupied properties | $33,972 |
| Commercial real estate & other non-farm, non-residential | $91,668 |
| Multifamily residential real estate | $48,802 |
| 1-4 family residential loans | $44,175 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $55,875 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $450 |
| Credit card loans | $0 |
| Related Plans | $286 |
| Consumer Auto Loans | $73 |
| Other loans to individuals | $91 |
| All other loans & leases | $3,336 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $126 |
| 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 $288,895,000 of loans outstanding in 2019. $233,549,000 of loans were in real estate loans. $14,932,000 of loans were in development loans. $48,802,000 of loans were in multifamily mortgage loans. $44,175,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $73,000 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 | 87 | $29,645 | $340,747 |
| Nonfarm, nonresidential loans - <$100k | 14 | $589 | $42,071 |
| Nonfarm, nonresidential loans - $100-250k | 26 | $3,961 | $152,346 |
| Nonfarm, nonresidential loans - $250k-1MM | 47 | $25,095 | $533,936 |
| Commercial & Industrial, US addressed loans - <$1MM | 137 | $19,566 | $142,818 |
| Commercial & Industrial, US addressed loans - <$100k | 86 | $3,263 | $37,942 |
| Commercial & Industrial, US addressed loans - $100-250k | 29 | $5,107 | $176,103 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 22 | $11,196 | $508,909 |