Bluff View Bank Mortgage Rates, Fees & Info

Galesville, WI

LEI: 254900MY1ZANX8HECH55

Tax ID: 39-0147720

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Mortgage Data

Bank Data

Review & Overview

Bluff View Bank is a smaller bank specializing in Home Purchase loans. Bluff View Bank has a high proportion of conventional loans. Their top markets by origination volume include: La Crosse, Winona, and Wisconsin Rapids among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bluff View Bank 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.

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Originations

88

Origination Dollar Volume (All Markets)

$13,530,000

Employee count

23

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
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 44 $8,090,000 $183,864 $0 0.00%
Outside of Metro Areas 41 $4,945,000 $120,610 $0 0.00%
Winona, MN (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
Bluff View Bank's top markets include La Crosse, Winona, and Wisconsin Rapids among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 88 $13,530,000 $153,750 $0 0.00%

    For 2018, Bluff View Bank's most frequently originated type of loan was Conventional, with 88 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 49 $9,255,000 $188,878 $0 0.00%
    Home Improvement 11 $625,000 $56,818 $0 0.00%
    Cash Out Refi 10 $1,150,000 $115,000 $0 0.00%
    Other 9 $645,000 $71,667 $0 0.00%
    Refi 9 $1,855,000 $206,111 $0 0.00%

    For 2018, Bluff View Bank's most frequently cited loan purpose was Home Purchase, with 49 originations. The 2nd most popular reason was Home Improvement, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 88 $13,530,000 $153,750 $0 0.00%

    For 2018, Bluff View Bank's most frequently cited loan duration was Other, with 88 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 34 $1,430,000 $42,059 $0 0.00%
    $100k-200k 26 $3,620,000 $139,231 $0 0.00%
    $200k-400k 24 $6,720,000 $280,000 $0 0.00%
    $400k-600k 4 $1,760,000 $440,000 $0 0.00%

    2018 saw Bluff View Bank place emphasis on $100,000 or less loans with 34 originations, totaling $1,430,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 22 $3,890,000 $176,818 $0 0.00%
    $75k-100k 22 $2,800,000 $127,273 $0 0.00%
    $150k-250k 13 $3,845,000 $295,769 $0 0.00%
    $50k or less 13 $895,000 $68,846 $0 0.00%
    $50k-75k 12 $1,280,000 $106,667 $0 0.00%
    $250k+ 2 $480,000 $240,000 $0 0.00%

    Bluff View Bank lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $75k-100k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 88 $13,530,000 $153,750 $0 0.00%

    Bluff View Bank lent most frequently to those with DTI ratios of Exempt%, with 88 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 84 $13,130,000 $156,310 $0 0.00%
    Not applicable 3 $295,000 $98,333 $0 0.00%
    Asian Indian 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.85%

    Bluff View 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
    96.59%

    Bluff View Bank 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 88 $13,530,000 $153,750

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $220,000 $55,000
    Single Family (1-4 Units):Site-Built 84 $13,310,000 $158,452

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bank of Galesville 16893 South Main Street Galesville, WI 54630 Full Service B&M $50,837
    Bank of Galesville 2200 Staphorst Lane Holmen, WI 54636 Full Service B&M $12,665
    Bank of Galesville 24480 East Third Street Trempealeau, WI 54661 Full Service B&M $9,737

    For 2018, Bluff View Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,466
    Net interest income $4,055
    Total noninterest income $1,108
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $149
    Trading account gains and fees $0
    Additional Noninterest Income $959
    Pre-tax net operating income $1,555
    Securities gains (or losses, -) $10
    Income before extraordinary items $1,562
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,562
    Minority interest net income $0
    Net income $1,562
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,552

    Bluff View Bank's gross interest income from loans was $4,466,000.
    Bluff View Bank's net interest income from loans was $4,055,000.
    Bluff View Bank's fee based income from loans was $149,000.
    Bluff View Bank's net income from loans was $1,562,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $411
    Provision for credit losses $0
    Total noninterest expense $3,608
    Salaries and employee benefits $1,998
    Premises and equipment expense $303
    Additional noninterest expense $1,307
    Applicable income taxes $3
    Net charge-offs $52
    Cash dividends $487

    Bluff View Bank's interest expense for loans was $411,000.
    Bluff View Bank's payroll and benefits expense were $1,998,000.
    Bluff View Bank's property, plant and equipment expenses $303,000.

    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 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 1.0%
    Personal loans 0.0%
    Credit card loans 0.5%
    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 $76,467
    Deposits held in domestic offices $76,467
    Deposits by Individuals, partnerships, and corporations $67,817
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $8,401
    Deposits by Commercial banks and other depository institutions in U.S. $249
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $30,447
    Demand deposits $19,360
    Nontransaction accounts $46,020
    Money market deposit accounts (MMDAs) $15,896
    Other savings deposits (excluding MMDAs) $14,744
    Total time deposits $15,381
    Total time and savings deposits $57,107
    Noninterest-bearing deposits $19,360
    Interest-bearing deposits $57,107
    Retail deposits $72,027
    IRAs and Keogh plan accounts $2,513
    Brokered deposits $2,816
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $101,129
    Cash & Balances due from depository institutions $4,218
    Interest-bearing balances $1,790
    Total securities $12,279
    Federal funds sold & reverse repurchase $1,007
    Net loans and leases $79,284
    Loan and leases loss allowance $1,217
    Trading account assets $0
    Bank premises and fixed assets $1,595
    Other real estate owned $0
    Goodwill and other intangibles $321
    All other assets $2,425

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $101,129
    Total Liabilities $82,046
    Total deposits $76,467
    Interest-bearing deposits $57,107
    Deposits held in domestic offices $76,467
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $5,100
    Subordinated debt $0
    All other liabilities $479

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $79,284
    Loan and leases loss allowance $1,217
    Total loans and leases (domestic) $80,501
    All real estate loans $60,326
    Real estate loans in domestic offices $60,326
    Construction and development loans $5,593
    Residential 1-4 family construction $2,696
    Other construction, all land development and other land $2,897
    Loans secured by nonfarm nonresidential properties $11,424
    Nonfarm nonresidential secured by owner-occupied properties $8,210
    Commercial real estate & other non-farm, non-residential $3,214
    Multifamily residential real estate $2,925
    1-4 family residential loans $19,812
    Farmland loans $20,572
    Loans held in foreign offices $0
    Farm loans $8,424
    Commercial and industrial loans $8,478
    To non-U.S. addressees $0
    Loans to individuals $2,774
    Credit card loans $567
    Related Plans $108
    Consumer Auto Loans $1,585
    Other loans to individuals $514
    All other loans & leases $499
    Loans to foreign governments and official institutions $0
    Other loans $30
    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 $573
    Non 1-4 family restructured loans & leases $573
    Total loans and leases (foreign) $0

    Bluff View Bank had $79,284,000 of loans outstanding in 2018. $60,326,000 of loans were in real estate loans. $5,593,000 of loans were in development loans. $2,925,000 of loans were in multifamily mortgage loans. $19,812,000 of loans were in 1-4 family mortgage loans. $8,424,000 of loans were in farm loans. $567,000 of loans were in credit card loans. $1,585,000 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 67 $11,424 $170,507
    Nonfarm, nonresidential loans - <$100k 19 $699 $36,789
    Nonfarm, nonresidential loans - $100-250k 28 $3,626 $129,500
    Nonfarm, nonresidential loans - $250k-1MM 20 $7,099 $354,950
    Commercial & Industrial, US addressed loans - <$1MM 96 $5,661 $58,969
    Commercial & Industrial, US addressed loans - <$100k 74 $1,710 $23,108
    Commercial & Industrial, US addressed loans - $100-250k 11 $1,123 $102,091
    Commercial & Industrial, US addressed loans - $250k-1MM 11 $2,828 $257,091
    Farmland loans - <$1MM 51 $6,552 $128,471
    Farmland loans - <$100k 21 $697 $33,190
    Farmland loans - $100-250k 17 $2,271 $133,588
    Farmland loans - $250k-1MM 13 $3,584 $275,692
    Agriculture operations loans - <$1MM 44 $2,963 $67,341
    Agriculture operations loans - <$100k 28 $753 $26,893
    Agriculture operations loans - $100-250k 12 $1,295 $107,917
    Agriculture operations loans - $250k-1MM 4 $915 $228,750