Premierbank Mortgage Rates, Fees & Info

Fort Atkinson, WI

LEI: 254900G9TLX0Q50U7H04

Tax ID: 39-0286170

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Bank Data

Review & Overview

Premierbank is a smaller bank specializing in Refi and Home Purchase loans. Premierbank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Watertown, Whitewater, Janesville, Milwaukee, and Beaver Dam among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Premierbank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.75% 3/28/24
30 Year Conventional Refi 6.52% 3/28/24
30 Year Cash-out Refi 6.30% 3/28/24
15 Year Conventional Refi 5.99% 3/28/24
15 Year Cash-out Refi 5.99% 3/28/24
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.

Premierbank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Premierbank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

276

Origination Dollar Volume (All Markets)

$41,510,000

Employee count

103

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
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 184 $27,290,000 $148,315 $0 0.00%
Whitewater, WI (FHA|USDA|VA) 28 $3,800,000 $135,714 $0 0.00%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 22 $3,600,000 $163,636 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 12 $1,960,000 $163,333 $0 0.00%
Beaver Dam, WI (FHA|USDA|VA) 14 $1,930,000 $137,857 $0 0.00%
Outside of Metro Areas 9 $1,805,000 $200,556 $0 0.00%
MADISON, WI (FHA|USDA|VA) 5 $875,000 $175,000 $0 0.00%
RACINE, WI (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
FOND DU LAC, WI (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
Premierbank's top markets include Watertown, Whitewater, Janesville, Milwaukee, and Beaver Dam among others.

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

    We use machine learning to identify the top lenders compared against PremierBank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    AppleTree Credit Union
    Similarity Rank: 8
    State Bank of Cross Plains
    Similarity Rank: 78
    First Community Credit Union
    Similarity Rank: 100
    NORTHWESTERN MUTUAL
    Similarity Rank: 117
    Empower Credit Union
    Similarity Rank: 144
    Community State Bank
    Similarity Rank: 248
    Fox River State Bank
    Similarity Rank: 306
    EDUCATORS CREDIT UNION
    Similarity Rank: 352
    Kohler Credit Union
    Similarity Rank: 418
    Westbury Bank
    Similarity Rank: 437

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 271 $40,705,000 $150,203 $0 0.00%
    USDA 5 $805,000 $161,000 $0 0.00%

    For 2019, Premierbank's most frequently originated type of loan was Conventional, with 271 originations. Their 2nd most popular type was USDA, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 114 $19,040,000 $167,018 $0 0.00%
    Home Purchase 110 $17,130,000 $155,727 $0 0.00%
    Cash Out Refi 25 $3,725,000 $149,000 $0 0.00%
    Other 16 $1,120,000 $70,000 $0 0.00%
    Home Improvement 11 $495,000 $45,000 $0 0.00%

    For 2019, Premierbank's most frequently cited loan purpose was Refi, with 114 originations. The 2nd most popular reason was Home Purchase, with 110 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 276 $41,510,000 $150,399 $0 0.00%

    For 2019, Premierbank's most frequently cited loan duration was Other, with 276 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 123 $17,695,000 $143,862 $0 0.00%
    $100,000 or less 84 $4,530,000 $53,929 $0 0.00%
    $200k-400k 61 $15,545,000 $254,836 $0 0.00%
    $400k-600k 8 $3,740,000 $467,500 $0 0.00%

    2019 saw Premierbank place emphasis on $100k-200k loans with 123 originations, totaling $17,695,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 67 $8,235,000 $122,910 $0 0.00%
    $50k or less 53 $4,975,000 $93,868 $0 0.00%
    $100k-150k 47 $8,265,000 $175,851 $0 0.00%
    $75k-100k 37 $5,335,000 $144,189 $0 0.00%
    $150k-250k 32 $7,610,000 $237,813 $0 0.00%
    $250k+ 8 $2,530,000 $316,250 $0 0.00%

    Premierbank lent most frequently to those with incomes in the $50k-75k range, with 67 originations. The second most popular income band? $50k or less, with 53 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 276 $41,510,000 $150,399 $0 0.00%

    Premierbank lent most frequently to those with DTI ratios of Exempt%, with 276 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 251 $37,485,000 $149,343 $0 0.00%
    Not applicable 23 $3,595,000 $156,304 $0 0.00%
    Asian 1 $255,000 $255,000 $0 0.00%
    Asian Indian 1 $175,000 $175,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.10%

    Premierbank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.74%

    Premierbank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 276 $41,510,000 $150,399

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $1,035,000 $147,857
    Single Family (1-4 Units):Manufactured 10 $380,000 $38,000
    Single Family (1-4 Units):Site-Built 259 $40,095,000 $154,807

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Premier Lending, Inc. 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)
    PremierBank 100 East Sherman Avenue Fort Atkinson, WI 53538 Limited, Drive-thru $0
    PremierBank 100 Grell Lane Johnson Creek, WI 53038 Full Service B&M $30,735
    PremierBank 1400 Black Bridge Road Janesville, WI 53545 Full Service B&M $12,201
    PremierBank 1505 Madison Avenue Fort Atkinson, WI 53538 Full Service Retail $2,035
    PremierBank 154 Main Street Sullivan, WI 53178 Full Service B&M $14,451
    PremierBank 200 South Fremont Street Whitewater, WI 53190 Full Service B&M $59,416
    PremierBank 320 South Center Avenue Jefferson, WI 53549 Full Service B&M $67,670
    PremierBank 70 North Main Street Fort Atkinson, WI 53538 Full Service B&M $126,198
    PremierBank 910 South Main Street Fort Atkinson, WI 53538 Limited, Drive-thru $0

    For 2019, Premierbank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,308
    Net interest income $13,474
    Total noninterest income $3,170
    Gross Fiduciary activities income $1,275
    Service charges on deposit accounts $525
    Trading account gains and fees $0
    Additional Noninterest Income $1,370
    Pre-tax net operating income $4,872
    Securities gains (or losses, -) $1,154
    Income before extraordinary items $4,609
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,609
    Minority interest net income $0
    Net income $4,609
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,697

    Premierbank's gross interest income from loans was $15,308,000.
    Premierbank's net interest income from loans was $13,474,000.
    Premierbank's fee based income from loans was $525,000.
    Premierbank's net income from loans was $4,609,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,834
    Provision for credit losses $300
    Total noninterest expense $11,472
    Salaries and employee benefits $6,374
    Premises and equipment expense $1,393
    Additional noninterest expense $3,705
    Applicable income taxes $1,417
    Net charge-offs $274
    Cash dividends $4,600

    Premierbank's interest expense for loans was $1,834,000.
    Premierbank's payroll and benefits expense were $6,374,000.
    Premierbank's property, plant and equipment expenses $1,393,000.

    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 6.0%
    Nonfarm, nonresidential loans 1.0%
    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 $330,998
    Deposits held in domestic offices $330,998
    Deposits by Individuals, partnerships, and corporations $301,106
    Deposits by U.S. Government $60
    Deposits by States and political subdivisions in the U.S. $29,832
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $141,792
    Demand deposits $87,447
    Nontransaction accounts $189,206
    Money market deposit accounts (MMDAs) $61,137
    Other savings deposits (excluding MMDAs) $82,217
    Total time deposits $45,851
    Total time and savings deposits $243,551
    Noninterest-bearing deposits $87,447
    Interest-bearing deposits $243,551
    Retail deposits $322,657
    IRAs and Keogh plan accounts $11,077
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $422,772
    Cash & Balances due from depository institutions $42,983
    Interest-bearing balances $28,321
    Total securities $115,326
    Federal funds sold & reverse repurchase $9,794
    Net loans and leases $230,985
    Loan and leases loss allowance $3,425
    Trading account assets $0
    Bank premises and fixed assets $6,734
    Other real estate owned $0
    Goodwill and other intangibles $8,674
    All other assets $8,276

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $422,772
    Total Liabilities $369,112
    Total deposits $330,998
    Interest-bearing deposits $243,551
    Deposits held in domestic offices $330,998
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $35,649
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,465

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $230,985
    Loan and leases loss allowance $3,425
    Total loans and leases (domestic) $234,410
    All real estate loans $185,695
    Real estate loans in domestic offices $185,695
    Construction and development loans $10,689
    Residential 1-4 family construction $5,067
    Other construction, all land development and other land $5,622
    Loans secured by nonfarm nonresidential properties $83,433
    Nonfarm nonresidential secured by owner-occupied properties $33,419
    Commercial real estate & other non-farm, non-residential $50,014
    Multifamily residential real estate $7,293
    1-4 family residential loans $70,484
    Farmland loans $13,796
    Loans held in foreign offices $0
    Farm loans $4,812
    Commercial and industrial loans $32,754
    To non-U.S. addressees $0
    Loans to individuals $4,988
    Credit card loans $0
    Related Plans $47
    Consumer Auto Loans $2,204
    Other loans to individuals $2,737
    All other loans & leases $6,161
    Loans to foreign governments and official institutions $0
    Other loans $1,997
    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 $2,841
    Non 1-4 family restructured loans & leases $2,792
    Total loans and leases (foreign) $0

    PremierBank had $230,985,000 of loans outstanding in 2019. $185,695,000 of loans were in real estate loans. $10,689,000 of loans were in development loans. $7,293,000 of loans were in multifamily mortgage loans. $70,484,000 of loans were in 1-4 family mortgage loans. $4,812,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,204,000 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 185 $35,241 $190,492
    Nonfarm, nonresidential loans - <$100k 43 $1,817 $42,256
    Nonfarm, nonresidential loans - $100-250k 72 $8,299 $115,264
    Nonfarm, nonresidential loans - $250k-1MM 70 $25,125 $358,929
    Commercial & Industrial, US addressed loans - <$1MM 265 $22,285 $84,094
    Commercial & Industrial, US addressed loans - <$100k 186 $5,104 $27,441
    Commercial & Industrial, US addressed loans - $100-250k 43 $5,438 $126,465
    Commercial & Industrial, US addressed loans - $250k-1MM 36 $11,743 $326,194
    Farmland loans - <$1MM 54 $8,136 $150,667
    Farmland loans - <$100k 16 $516 $32,250
    Farmland loans - $100-250k 21 $3,150 $150,000
    Farmland loans - $250k-1MM 17 $4,470 $262,941
    Agriculture operations loans - <$1MM 52 $3,717 $71,481
    Agriculture operations loans - <$100k 38 $1,155 $30,395
    Agriculture operations loans - $100-250k 9 $937 $104,111
    Agriculture operations loans - $250k-1MM 5 $1,625 $325,000