Wnb Financial N.a. Mortgage Rates, Fees & Info
Winona, MNLEI: 25490099UNYWX2PZ4J91
Tax ID: 41-0616710
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Review & Overview
Wnb Financial N.a. is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Wnb Financial N.a. has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Winona, La Crosse, Rochester, Eau Claire, and Minneapolis among others. We have data for 36 markets. (Some data included below & more in-depth data is available with an active subscription.)Wnb Financial N.a. 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. Wnb Financial N.a. 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 | 6.64% | 4/28/24 |
| 30 Year Conventional Refi | 6.79% | 4/28/24 |
| 30 Year Cash-out Refi | 6.76% | 4/28/24 |
| 15 Year Conventional Purchase | 5.75% | 4/28/24 |
| 15 Year Conventional Refi | 5.76% | 4/28/24 |
| 15 Year Cash-out Refi | 5.76% | 4/28/24 |
| 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. | ||
Wnb Financial N.a. Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
539Origination Dollar Volume (All Markets)
$111,245,000Employee count
96Awards
WNB Financial N.A. - 2021
WNB Financial N.A. is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Winona, MN (FHA|USDA|VA) | 189 | $33,835,000 | $179,021 | $3,255 | 3.09% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 76 | $15,970,000 | $210,132 | $2,665 | 3.37% |
| Outside of Metro Areas | 66 | $15,180,000 | $230,000 | $3,213 | 3.18% |
| ROCHESTER, MN (FHA|USDA|VA) | 70 | $12,620,000 | $180,286 | $3,541 | 2.86% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 60 | $12,400,000 | $206,667 | $3,215 | 3.07% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 26 | $6,340,000 | $243,846 | $4,350 | 3.12% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 4 | $2,650,000 | $662,500 | $5,510 | 2.44% |
| Menomonie, WI (FHA|USDA|VA) | 7 | $1,945,000 | $277,857 | $2,433 | 3.36% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 5 | $1,095,000 | $219,000 | $3,316 | 2.80% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $4,224 | 3.47% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $7,301 | 3.00% |
| Baraboo, WI (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $0 | 3.80% |
| Spearfish, SD (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $2,191 | 3.57% |
| Red Wing, MN (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $4,408 | 3.38% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $10,527 | 2.88% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 3.67% |
| YUMA, AZ (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,576 | 3.06% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $7,217 | 2.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 4.16% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,900 | 3.38% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,924 | 2.50% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,990 | 2.50% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 4.33% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,716 | 2.75% |
| Owatonna, MN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,257 | 3.25% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,388 | 2.88% |
| Austin, MN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,781 | 2.63% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $2,958 | 3.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,139 | 2.00% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,443 | 3.38% |
| Lincoln, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,710 | 3.38% |
| Albert Lea, MN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,277 | 2.13% |
| MANKATO, MN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,641 | 3.00% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,909 | 2.25% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,713 | 2.88% |
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 535 | $110,745,000 | $207,000 | $3,331 | 3.11% |
| USDA | 3 | $415,000 | $138,333 | $4,822 | 3.13% |
| HELOC | 1 | $85,000 | $85,000 | n/a | 3.75% |
For 2021, Wnb Financial N.a.'s most frequently originated type of loan was Conventional, with 535 originations. Their 2nd most popular type was USDA, with 3 originations.
Loan Reason
For 2021, Wnb Financial N.a.'s most frequently cited loan purpose was Home Purchase, with 233 originations. The 2nd most popular reason was Refi, with 170 originations.
Loan Duration/Length
For 2021, Wnb Financial N.a.'s most frequently cited loan duration was 30 Year, with 224 originations. The 2nd most popular length was 15 Year, with 114 originations.
Origination Fees/Closing Costs
Wnb Financial N.a.'s average total fees were $3,411, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 154 originations.
Interest Rates
During 2021, Wnb Financial N.a.'s average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 2.5-3%, with 187 originations.
Loan Sizing
2021 saw Wnb Financial N.a. place emphasis on $100k-200k loans with 256 originations, totaling $37,540,000 in origination value.
Applicant Income
Wnb Financial N.a. lent most frequently to those with incomes in the $50k or less range, with 100 originations. The second most popular income band? $50k-75k, with 99 originations.
Applicant Debt to Income Ratio
Wnb Financial N.a. lent most frequently to those with DTI ratios of 20-30%, with 129 originations. The next most common DTI ratio? 30-36%, with 73 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.39%
Wnb Financial N.a. has an average approval rate.
Pick Rate
Approvals leading to origination87.57%
Wnb Financial N.a. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 539 | $111,245,000 | $206,391 |
LTV Distribution
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Wnb Financial, N.A. | 111 West Main Street Wabasha, MN 55981 | Full Service B&M | $139,605 |
| Wnb Financial, N.A. | 1160 Blazing Star Blvd Altoona, WI 54720 | Full Service B&M | $5,880 |
| Wnb Financial, N.A. | 1491 West Broadway Winona, MN 55987 | Full Service B&M | $76,838 |
| Wnb Financial, N.A. | 204 Main Street Winona, MN 55987 | Full Service B&M | $232,434 |
| Wnb Financial, N.A. | 501 Empire Street Holmen, WI 55987 | Full Service B&M | $1,780 |
| Wnb Financial, N.A. | 840 Mankato Avenue Winona, MN 55987 | Full Service B&M | $26,525 |
| Wnb Financial, N.A. | Dodge And Belvidere Kellogg, MN 55945 | Limited, Drive-thru | $0 |
For 2021, Wnb Financial N.a. had 7 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $16,950 |
| Net interest income | $15,633 |
| Total noninterest income | $6,728 |
| Gross Fiduciary activities income | $1,591 |
| Service charges on deposit accounts | $395 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $4,742 |
| Pre-tax net operating income | $7,849 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $7,849 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $7,849 |
| Minority interest net income | $0 |
| Net income | $7,849 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $7,849 |
Wnb Financial N.a.'s gross interest income from loans was $16,950,000.
Wnb Financial N.a.'s net interest income from loans was $15,633,000.
Wnb Financial N.a.'s fee based income from loans was $395,000.
Wnb Financial N.a.'s net income from loans was $7,849,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,317 |
| Provision for credit losses | $200 |
| Total noninterest expense | $14,312 |
| Salaries and employee benefits | $8,052 |
| Premises and equipment expense | $1,317 |
| Additional noninterest expense | $4,943 |
| Applicable income taxes | $0 |
| Net charge-offs | $6 |
| Cash dividends | $5,070 |
Wnb Financial N.a.'s interest expense for loans was $1,317,000.
Wnb Financial N.a.'s payroll and benefits expense were $8,052,000.
Wnb Financial N.a.'s property, plant and equipment expenses $1,317,000.
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 | $516,078 |
| Deposits held in domestic offices | $516,078 |
| Deposits by Individuals, partnerships, and corporations | $445,251 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $70,082 |
| Deposits by Commercial banks and other depository institutions in U.S. | $745 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $81,932 |
| Demand deposits | $23,007 |
| Nontransaction accounts | $434,146 |
| Money market deposit accounts (MMDAs) | $151,187 |
| Other savings deposits (excluding MMDAs) | $216,085 |
| Total time deposits | $66,875 |
| Total time and savings deposits | $493,071 |
| Noninterest-bearing deposits | $106,155 |
| Interest-bearing deposits | $409,923 |
| Retail deposits | $501,374 |
| IRAs and Keogh plan accounts | $16,025 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $580,393 |
| Cash & Balances due from depository institutions | $71,136 |
| Interest-bearing balances | $67,864 |
| Total securities | $203,918 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $272,827 |
| Loan and leases loss allowance | $3,992 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $9,955 |
| Other real estate owned | $12 |
| Goodwill and other intangibles | $12,513 |
| All other assets | $10,032 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $580,393 |
| Total Liabilities | $518,555 |
| Total deposits | $516,078 |
| Interest-bearing deposits | $409,923 |
| Deposits held in domestic offices | $516,078 |
| % insured (estimated) | $81 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $2,477 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $272,827 |
| Loan and leases loss allowance | $3,992 |
| Total loans and leases (domestic) | $276,819 |
| All real estate loans | $232,674 |
| Real estate loans in domestic offices | $232,674 |
| Construction and development loans | $15,595 |
| Residential 1-4 family construction | $3,631 |
| Other construction, all land development and other land | $11,964 |
| Loans secured by nonfarm nonresidential properties | $108,057 |
| Nonfarm nonresidential secured by owner-occupied properties | $55,889 |
| Commercial real estate & other non-farm, non-residential | $52,168 |
| Multifamily residential real estate | $18,078 |
| 1-4 family residential loans | $86,638 |
| Farmland loans | $4,306 |
| Loans held in foreign offices | $0 |
| Farm loans | $1,118 |
| Commercial and industrial loans | $34,889 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $7,305 |
| Credit card loans | $0 |
| Related Plans | $201 |
| Consumer Auto Loans | $1,861 |
| Other loans to individuals | $5,243 |
| All other loans & leases | $1,719 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $29 |
| 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 | $1,059 |
| Non 1-4 family restructured loans & leases | $579 |
| Total loans and leases (foreign) | $0 |
WNB Financial N.A. had $272,827,000 of loans outstanding in 2021. $232,674,000 of loans were in real estate loans. $15,595,000 of loans were in development loans. $18,078,000 of loans were in multifamily mortgage loans. $86,638,000 of loans were in 1-4 family mortgage loans. $1,118,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,861,000 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 | 214 | $49,052 | $229,215 |
| Nonfarm, nonresidential loans - <$100k | 47 | $2,086 | $44,383 |
| Nonfarm, nonresidential loans - $100-250k | 68 | $9,139 | $134,397 |
| Nonfarm, nonresidential loans - $250k-1MM | 99 | $37,827 | $382,091 |
| Commercial & Industrial, US addressed loans - <$1MM | 286 | $23,262 | $81,336 |
| Commercial & Industrial, US addressed loans - <$100k | 164 | $3,335 | $20,335 |
| Commercial & Industrial, US addressed loans - $100-250k | 72 | $5,821 | $80,847 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 50 | $14,106 | $282,120 |
| Farmland loans - <$1MM | 28 | $3,287 | $117,393 |
| Farmland loans - <$100k | 13 | $494 | $38,000 |
| Farmland loans - $100-250k | 10 | $1,460 | $146,000 |
| Farmland loans - $250k-1MM | 5 | $1,333 | $266,600 |
| Agriculture operations loans - <$1MM | 14 | $608 | $43,429 |
| Agriculture operations loans - <$100k | 12 | $367 | $30,583 |
| Agriculture operations loans - $100-250k | 2 | $241 | $120,500 |