Capitol Bank Mortgage Rates, Fees & Info

Madison, WI

LEI: 2549006SBIS8ROWE8X84

Tax ID: 39-1826700

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    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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    Originations

    175

    Origination Dollar Volume (All Markets)

    $68,735,000

    Employee count

    53

    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
    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%
    Capitol Bank's top markets include Madison, Milwaukee, Baraboo, Janesville, and Appleton among others.

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

    • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 71 $24,915,000 $350,915 $0 0.00%
    Refi 62 $31,330,000 $505,323 $1,065 3.50%
    Cash Out Refi 27 $7,845,000 $290,556 $0 0.00%
    Home Improvement 9 $3,615,000 $401,667 $0 0.00%
    Other 6 $1,030,000 $171,667 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 84 $24,090,000 $286,786 $1,065 3.50%
    $100k-200k 35 $5,515,000 $157,571 $0 0.00%
    $400k-600k 24 $11,140,000 $464,167 $0 0.00%
    $100,000 or less 17 $1,045,000 $61,471 $0 0.00%
    $1MM+ 8 $21,770,000 $2,721,250 $0 0.00%
    $600k-1MM 7 $5,175,000 $739,286 $0 0.00%

    2019 saw Capitol Bank place emphasis on $200k-400k loans with 84 originations, totaling $24,090,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 52 $16,140,000 $310,385 $0 0.00%
    $100k-150k 33 $9,415,000 $285,303 $1,065 3.50%
    $250k+ 21 $7,615,000 $362,619 $0 0.00%
    $75k-100k 21 $4,695,000 $223,571 $0 0.00%
    $50k-75k 14 $2,770,000 $197,857 $0 0.00%
    $50k or less 6 $900,000 $150,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 149 $40,855,000 $274,195 $1,065 3.50%
    Not applicable 20 $25,400,000 $1,270,000 $0 0.00%
    Asian 4 $1,820,000 $455,000 $0 0.00%
    Black 1 $455,000 $455,000 $0 0.00%
    Not provided 1 $205,000 $205,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.24%

    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 origination
    83.43%

    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