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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    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, Janesville, Milwaukee, Beaver Dam, and Whitewater among others. We have data for 17 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. Premierbank 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.

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

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.75% 11/21/24
    30 Year Conventional Refi 6.52% 11/21/24
    30 Year Cash-out Refi 6.30% 11/21/24
    15 Year Conventional Refi 5.99% 11/21/24
    15 Year Cash-out Refi 5.99% 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.

    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

    500

    Origination Dollar Volume (All Markets)

    $92,720,000

    Employee count

    94 Show all (6) awards

    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) 299 $50,755,000 $169,749 $1,432 2.98%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 70 $9,710,000 $138,714 $1,700 3.47%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 32 $9,470,000 $295,938 $1,615 3.23%
    Beaver Dam, WI (FHA|USDA|VA) 22 $7,000,000 $318,182 $1,348 3.16%
    Whitewater, WI (FHA|USDA|VA) 43 $6,955,000 $161,744 $1,475 3.11%
    MADISON, WI (FHA|USDA|VA) 13 $2,665,000 $205,000 $1,501 3.20%
    Stevens Point, WI (FHA|USDA|VA) 2 $2,340,000 $1,170,000 $1,499 3.18%
    Outside of Metro Areas 7 $1,215,000 $173,571 $1,335 2.68%
    RACINE, WI (FHA|USDA|VA) 2 $600,000 $300,000 $747 2.56%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $585,000 $585,000 $0 3.13%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $300,000 $150,000 $0 3.50%
    Baraboo, WI (FHA|USDA|VA) 1 $285,000 $285,000 $0 3.75%
    Manitowoc, WI (FHA|USDA|VA) 2 $270,000 $135,000 $744 2.19%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $215,000 $215,000 $1,012 3.13%
    ROCKFORD, IL (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.25%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $125,000 $125,000 $1,007 2.63%
    Marinette, WI-MI (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.75%
    Premierbank's top markets include Watertown, Janesville, Milwaukee, Beaver Dam, and Whitewater among others.

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

    Badger Bank
    Similarity Rank: 231
    Bank of Deerfield
    Similarity Rank: 360
    SENB Bank
    Similarity Rank: 396
    First Community Credit Union
    Similarity Rank: 468
    The Bank of New Glarus
    Similarity Rank: 551
    NORTHWESTERN MUTUAL
    Similarity Rank: 670
    Oregon Community Bank
    Similarity Rank: 693
    The Park Bank
    Similarity Rank: 819
    Hometown Bank
    Similarity Rank: 882
    The Greenwood's State Bank
    Similarity Rank: 975

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 496 $92,010,000 $185,504 $1,442 3.09%
    USDA 4 $710,000 $177,500 $4,069 2.97%

    For 2021, Premierbank's most frequently originated type of loan was Conventional, with 496 originations. Their 2nd most popular type was USDA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 259 $41,925,000 $161,873 $1,118 2.90%
    Home Purchase 159 $38,715,000 $243,491 $2,162 3.47%
    Cash Out Refi 68 $11,360,000 $167,059 $1,539 2.81%
    Home Improvement 7 $335,000 $47,857 $599 3.55%
    Other 7 $385,000 $55,000 $850 3.57%

    For 2021, Premierbank's most frequently cited loan purpose was Refi, with 259 originations. The 2nd most popular reason was Home Purchase, with 159 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 209 $39,955,000 $191,172 $1,705 3.10%
    15 Year 103 $17,065,000 $165,680 $1,320 2.40%
    Other 76 $14,190,000 $186,711 $644 3.40%
    20 Year 33 $5,425,000 $164,394 $1,916 2.83%
    5 Year 30 $8,900,000 $296,667 $616 3.88%
    3 Year 24 $3,200,000 $133,333 $781 4.20%
    10 Year 18 $2,550,000 $141,667 $1,190 2.87%
    1 Year 7 $1,435,000 $205,000 $2,917 4.07%

    For 2021, Premierbank's most frequently cited loan duration was 30 Year, with 209 originations. The 2nd most popular length was 15 Year, with 103 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 393 $66,745,000 $169,835
    $1k-2k 3 $825,000 $275,000
    $2k-3k 1 $355,000 $355,000

    Premierbank's average total fees were $1,705, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 393 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 169 $37,025,000 $219,083
    2.5-3% 156 $27,290,000 $174,936
    <2.5% 138 $21,760,000 $157,681
    4-5% 29 $6,275,000 $216,379
    7-8% 6 $110,000 $18,333
    5-6% 2 $260,000 $130,000

    During 2021, Premierbank's average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 3-4%, with 169 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 217 $30,805,000 $141,959 $1,485 3.04%
    $200k-400k 137 $36,205,000 $264,270 $1,755 2.93%
    $100,000 or less 126 $8,350,000 $66,270 $1,052 3.29%
    $400k-600k 12 $5,920,000 $493,333 $1,424 3.08%
    $1MM+ 4 $8,440,000 $2,110,000 $0 3.47%
    $600k-1MM 4 $3,000,000 $750,000 $0 4.26%

    2021 saw Premierbank place emphasis on $100k-200k loans with 217 originations, totaling $30,805,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 111 $15,345,000 $138,243 $1,397 2.93%
    $100k-150k 84 $15,200,000 $180,952 $1,401 2.89%
    $50k or less 81 $8,245,000 $101,790 $1,516 3.45%
    $75k-100k 80 $13,350,000 $166,875 $1,524 2.89%
    $150k-250k 55 $14,325,000 $260,455 $1,723 2.92%
    $250k+ 20 $5,100,000 $255,000 $1,243 2.67%

    Premierbank lent most frequently to those with incomes in the $50k-75k range, with 111 originations. The second most popular income band? $100k-150k, with 84 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 154 $24,610,000 $159,805 $1,446 2.84%
    <20% 94 $16,440,000 $174,894 $1,413 2.74%
    30-36% 67 $11,175,000 $166,791 $1,536 3.08%
    37% 14 $2,220,000 $158,571 $1,343 3.17%
    39% 14 $2,190,000 $156,429 $1,382 3.08%
    38% 12 $2,210,000 $184,167 $1,401 3.35%
    41% 10 $1,830,000 $183,000 $1,690 3.06%
    36% 10 $1,480,000 $148,000 $1,516 3.05%
    40% 9 $1,495,000 $166,111 $1,791 3.22%
    42% 6 $1,070,000 $178,333 $1,698 3.10%
    47% 6 $1,080,000 $180,000 $1,256 3.11%
    43% 5 $945,000 $189,000 $1,668 2.88%
    45% 5 $865,000 $173,000 $1,609 2.98%
    50-60% 4 $590,000 $147,500 $1,444 3.66%
    44% 3 $555,000 $185,000 $990 2.72%
    46% 3 $585,000 $195,000 $2,707 3.29%
    49% 2 $140,000 $70,000 $1,081 3.44%
    >60% 2 $300,000 $150,000 $767 5.67%
    48% 1 $155,000 $155,000 $1,575 3.74%

    Premierbank lent most frequently to those with DTI ratios of 20-30%, with 154 originations. The next most common DTI ratio? <20%, with 94 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 430 $71,200,000 $165,581 $1,466 2.99%
    Not applicable 55 $18,415,000 $334,818 $0 3.85%
    Not provided 8 $1,670,000 $208,750 $1,679 3.15%
    Asian 5 $1,085,000 $217,000 $1,388 3.15%
    Black 2 $350,000 $175,000 $1,089 3.03%

    Approval Rates

    Total approvals of all applications
    95.41%

    Premierbank 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
    92.60%

    Premierbank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    100.0 1 $15,000 $15,000
    250.0 1 $15,000 $15,000
    500.0 4 $80,000 $20,000
    NA 494 $92,610,000 $187,470

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    500 $92,720,000 $185,440

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 57 $5,565,000 $97,632 $953 2.78%
    40-60% 126 $22,840,000 $181,270 $1,425 3.02%
    60-80% 210 $46,740,000 $222,571 $1,471 3.08%
    80-100% 79 $15,535,000 $196,646 $2,142 3.26%
    Under 20% 28 $2,040,000 $72,857 $644 3.59%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Premier Mortgage, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    Premier Mortgage, LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 66.7%

    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 $42,229
    Premierbank 1400 Black Bridge Road Janesville, WI 53545 Full Service B&M $17,238
    Premierbank 1505 Madison Avenue Fort Atkinson, WI 53538 Full Service Retail $3,716
    Premierbank 154 Main Street Sullivan, WI 53178 Full Service B&M $16,802
    Premierbank 200 South Fremont Street Whitewater, WI 53190 Full Service B&M $77,298
    Premierbank 320 South Center Avenue Jefferson, WI 53549 Full Service B&M $91,842
    Premierbank 70 North Main Street Fort Atkinson, WI 53538 Full Service B&M $160,491
    Premierbank 910 South Main Street Fort Atkinson, WI 53538 Limited, Drive-thru $0

    For 2021, Premierbank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,984
    Net interest income $14,508
    Total noninterest income $4,258
    Gross Fiduciary activities income $1,411
    Service charges on deposit accounts $442
    Trading account gains and fees $0
    Additional Noninterest Income $2,405
    Pre-tax net operating income $6,180
    Securities gains (or losses, -) $492
    Income before extraordinary items $5,314
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,314
    Minority interest net income $0
    Net income $5,314
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,920

    Premierbank's gross interest income from loans was $14,984,000.
    Premierbank's net interest income from loans was $14,508,000.
    Premierbank's fee based income from loans was $442,000.
    Premierbank's net income from loans was $5,314,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $476
    Provision for credit losses $12
    Total noninterest expense $12,574
    Salaries and employee benefits $7,042
    Premises and equipment expense $1,507
    Additional noninterest expense $4,025
    Applicable income taxes $1,358
    Net charge-offs $-13
    Cash dividends $3,510

    Premierbank's interest expense for loans was $476,000.
    Premierbank's payroll and benefits expense were $7,042,000.
    Premierbank's property, plant and equipment expenses $1,507,000.

    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 5.0%
    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 1.0%
    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 $443,856
    Deposits held in domestic offices $443,856
    Deposits by Individuals, partnerships, and corporations $413,343
    Deposits by U.S. Government $7
    Deposits by States and political subdivisions in the U.S. $30,507
    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 $206,702
    Demand deposits $137,361
    Nontransaction accounts $237,155
    Money market deposit accounts (MMDAs) $83,096
    Other savings deposits (excluding MMDAs) $120,833
    Total time deposits $33,226
    Total time and savings deposits $306,496
    Noninterest-bearing deposits $137,361
    Interest-bearing deposits $306,495
    Retail deposits $436,159
    IRAs and Keogh plan accounts $10,361
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $547,946
    Cash & Balances due from depository institutions $34,059
    Interest-bearing balances $23,548
    Total securities $201,112
    Federal funds sold & reverse repurchase $32,483
    Net loans and leases $251,146
    Loan and leases loss allowance $4,473
    Trading account assets $0
    Bank premises and fixed assets $6,231
    Other real estate owned $0
    Goodwill and other intangibles $9,565
    All other assets $13,350

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $547,946
    Total Liabilities $489,536
    Total deposits $443,856
    Interest-bearing deposits $306,495
    Deposits held in domestic offices $443,856
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $38,508
    Trading liabilities $0
    Other borrowed funds $5,000
    Subordinated debt $0
    All other liabilities $2,172

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $251,146
    Loan and leases loss allowance $4,473
    Total loans and leases (domestic) $255,619
    All real estate loans $204,164
    Real estate loans in domestic offices $204,164
    Construction and development loans $8,824
    Residential 1-4 family construction $4,984
    Other construction, all land development and other land $3,840
    Loans secured by nonfarm nonresidential properties $85,418
    Nonfarm nonresidential secured by owner-occupied properties $34,494
    Commercial real estate & other non-farm, non-residential $50,924
    Multifamily residential real estate $11,656
    1-4 family residential loans $82,664
    Farmland loans $15,602
    Loans held in foreign offices $0
    Farm loans $3,397
    Commercial and industrial loans $33,478
    To non-U.S. addressees $0
    Loans to individuals $4,268
    Credit card loans $0
    Related Plans $25
    Consumer Auto Loans $1,972
    Other loans to individuals $2,271
    All other loans & leases $10,313
    Loans to foreign governments and official institutions $0
    Other loans $464
    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 $6,392
    Non 1-4 family restructured loans & leases $6,088
    Total loans and leases (foreign) $0

    PremierBank had $251,146,000 of loans outstanding in 2021. $204,164,000 of loans were in real estate loans. $8,824,000 of loans were in development loans. $11,656,000 of loans were in multifamily mortgage loans. $82,664,000 of loans were in 1-4 family mortgage loans. $3,397,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,972,000 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 192 $40,255 $209,661
    Nonfarm, nonresidential loans - <$100k 36 $363 $10,083
    Nonfarm, nonresidential loans - $100-250k 73 $9,102 $124,685
    Nonfarm, nonresidential loans - $250k-1MM 83 $30,790 $370,964
    Commercial & Industrial, US addressed loans - <$1MM 376 $25,636 $68,181
    Commercial & Industrial, US addressed loans - <$100k 288 $7,362 $25,563
    Commercial & Industrial, US addressed loans - $100-250k 49 $5,671 $115,735
    Commercial & Industrial, US addressed loans - $250k-1MM 39 $12,603 $323,154
    Farmland loans - <$1MM 41 $7,143 $174,220
    Farmland loans - <$100k 10 $366 $36,600
    Farmland loans - $100-250k 16 $2,200 $137,500
    Farmland loans - $250k-1MM 15 $4,577 $305,133
    Agriculture operations loans - <$1MM 36 $2,079 $57,750
    Agriculture operations loans - <$100k 26 $543 $20,885
    Agriculture operations loans - $100-250k 6 $607 $101,167
    Agriculture operations loans - $250k-1MM 4 $929 $232,250