Prevail Bank Mortgage Rates, Fees & Info

Medford, WI

LEI: 254900OC13I9CJC7SD87

Tax ID: 39-0462655

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
  • 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

    Prevail Bank is a smaller bank specializing in Refi and Home Purchase loans. Prevail Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wausau, Stevens Point, Eau Claire, Madison, and Wisconsin Rapids among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Prevail 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. Prevail 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.

    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 6.41% 4/21/24
    30 Year Conventional Refi 5.93% 4/21/24
    30 Year Cash-out Refi 6.49% 4/21/24
    15 Year Conventional Purchase 5.89% 4/21/24
    15 Year Conventional Refi 5.74% 4/21/24
    15 Year Cash-out Refi 5.74% 4/21/24
    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.

    Prevail Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Prevail Bank. 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

    747

    Origination Dollar Volume (All Markets)

    $153,275,000

    Employee count

    125 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
    Outside of Metro Areas 207 $40,215,000 $194,275 $1,304 3.13%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 204 $33,210,000 $162,794 $1,333 3.12%
    Stevens Point, WI (FHA|USDA|VA) 104 $22,560,000 $216,923 $1,430 3.07%
    EAU CLAIRE, WI (FHA|USDA|VA) 98 $21,060,000 $214,898 $1,435 3.10%
    MADISON, WI (FHA|USDA|VA) 17 $13,975,000 $822,059 $1,567 3.11%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 82 $11,190,000 $136,463 $1,219 3.06%
    Baraboo, WI (FHA|USDA|VA) 16 $6,710,000 $419,375 $1,437 3.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 5 $1,745,000 $349,000 $1,448 3.00%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $400,000 $200,000 $1,579 3.22%
    Menomonie, WI (FHA|USDA|VA) 3 $345,000 $115,000 $1,664 3.04%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $325,000 $325,000 $1,900 3.38%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $305,000 $305,000 $1,813 3.13%
    Shawano, WI (FHA|USDA|VA) 2 $300,000 $150,000 $1,024 3.06%
    Austin, MN (FHA|USDA|VA) 1 $275,000 $275,000 $0 3.50%
    Whitewater, WI (FHA|USDA|VA) 1 $235,000 $235,000 $1,418 2.63%
    APPLETON, WI (FHA|USDA|VA) 1 $185,000 $185,000 $1,440 3.00%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $125,000 $125,000 $1,494 3.00%
    GREEN BAY, WI (FHA|USDA|VA) 1 $115,000 $115,000 $1,827 4.00%
    Prevail Bank's top markets include Wausau, Stevens Point, Eau Claire, Madison, and Wisconsin Rapids among others.

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

    • Similar Lenders

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 747 $153,275,000 $205,187 $1,348 3.10%

    For 2020, Prevail Bank's most frequently originated type of loan was Conventional, with 747 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 520 $104,100,000 $200,192 $1,226 3.01%
    Home Purchase 201 $47,655,000 $237,090 $1,763 3.25%
    Home Improvement 18 $1,240,000 $68,889 $838 3.74%
    Other 8 $280,000 $35,000 $627 4.27%

    For 2020, Prevail Bank's most frequently cited loan purpose was Refi, with 520 originations. The 2nd most popular reason was Home Purchase, with 201 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 259 $47,425,000 $183,108 $1,492 3.31%
    15 Year 258 $42,080,000 $163,101 $1,295 2.95%
    10 Year 162 $22,840,000 $140,988 $1,036 2.90%
    5 Year 23 $28,505,000 $1,239,348 $0 3.69%
    Other 17 $5,595,000 $329,118 $2,559 3.32%
    30+ year 13 $4,395,000 $338,077 $2,432 3.32%
    20 Year 11 $2,075,000 $188,636 $1,455 3.03%
    3 Year 4 $360,000 $90,000 $0 3.98%

    For 2020, Prevail Bank's most frequently cited loan duration was 30 Year, with 259 originations. The 2nd most popular length was 15 Year, with 258 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 703 $118,175,000 $168,101
    $1k-2k 5 $1,275,000 $255,000
    $2k-3k 1 $225,000 $225,000

    Prevail Bank's average total fees were $1,492, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 703 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 323 $81,525,000 $252,399
    2.5-3% 311 $53,885,000 $173,264
    <2.5% 91 $13,925,000 $153,022
    4-5% 14 $3,660,000 $261,429
    5-6% 8 $280,000 $35,000

    During 2020, Prevail Bank's average interest rate for loans was 3.31%, while their most frequently originated rate bucket for loans was 3-4%, with 323 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 318 $45,640,000 $143,522 $1,324 3.05%
    $100,000 or less 205 $13,695,000 $66,805 $1,129 3.19%
    $200k-400k 179 $47,125,000 $263,268 $1,548 3.09%
    $400k-600k 32 $14,980,000 $468,125 $1,804 3.05%
    $600k-1MM 7 $4,995,000 $713,571 $1,911 3.35%
    $1MM+ 6 $26,840,000 $4,473,333 $0 3.44%

    2020 saw Prevail Bank place emphasis on $100k-200k loans with 318 originations, totaling $45,640,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 182 $34,280,000 $188,352 $1,348 3.03%
    $75k-100k 141 $22,245,000 $157,766 $1,361 3.11%
    $50k-75k 140 $16,020,000 $114,429 $1,254 3.07%
    $50k or less 125 $12,865,000 $102,920 $1,364 3.21%
    $150k-250k 82 $22,320,000 $272,195 $1,410 2.98%
    $250k+ 26 $9,390,000 $361,154 $1,458 2.84%

    Prevail Bank lent most frequently to those with incomes in the $100k-150k range, with 182 originations. The second most popular income band? $75k-100k, with 141 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 235 $41,075,000 $174,787 $1,356 3.06%
    <20% 132 $17,410,000 $131,894 $1,238 2.99%
    30-36% 122 $21,620,000 $177,213 $1,372 3.03%
    50-60% 34 $5,270,000 $155,000 $1,215 3.26%
    42% 20 $3,720,000 $186,000 $1,437 3.06%
    40% 20 $3,960,000 $198,000 $1,408 3.00%
    41% 17 $3,555,000 $209,118 $1,573 3.12%
    38% 16 $2,820,000 $176,250 $1,506 3.27%
    44% 15 $2,165,000 $144,333 $1,366 3.19%
    39% 14 $2,050,000 $146,429 $1,486 3.24%
    36% 14 $1,970,000 $140,714 $1,326 3.18%
    45% 11 $2,055,000 $186,818 $1,388 3.05%
    >60% 10 $1,610,000 $161,000 $1,180 3.18%
    43% 10 $1,810,000 $181,000 $1,559 3.23%
    37% 8 $1,960,000 $245,000 $1,430 3.30%
    47% 7 $1,265,000 $180,714 $1,284 3.20%
    46% 6 $1,580,000 $263,333 $1,436 2.96%
    49% 5 $765,000 $153,000 $1,269 3.30%
    48% 3 $615,000 $205,000 $1,645 2.92%

    Prevail Bank lent most frequently to those with DTI ratios of 20-30%, with 235 originations. The next most common DTI ratio? <20%, with 132 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 647 $109,255,000 $168,864 $1,355 3.07%
    Not applicable 36 $33,440,000 $928,889 $0 3.78%
    Not provided 55 $9,055,000 $164,636 $1,253 3.08%
    Asian 8 $1,300,000 $162,500 $1,375 3.02%
    Other Asian 1 $225,000 $225,000 $1,615 3.38%

    Approval Rates

    Total approvals of all applications
    92.75%

    Prevail Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.27%

    Prevail Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 747 $153,275,000 $205,187

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $1,245,000 $415,000
    Multifamily:Site-Built 12 $29,340,000 $2,445,000
    Single Family (1-4 Units):Manufactured 8 $690,000 $86,250
    Single Family (1-4 Units):Site-Built 724 $122,000,000 $168,508

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 55 $5,265,000 $95,727 $1,072 3.01%
    40-60% 171 $30,835,000 $180,322 $1,256 2.99%
    60-80% 380 $92,810,000 $244,237 $1,377 3.10%
    80-100% 124 $23,980,000 $193,387 $1,610 3.19%
    Under 20% 17 $385,000 $22,647 $606 4.17%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Prevail Bank 810 North Central Avenue Marshfield, WI 54449 Full Service B&M $117,052
    Prevail Bank 900 South 17th Avenue Wausau, WI 54401 Full Service B&M $53,784
    Prevail Bank 110 Linn Street Baraboo, WI 53913 Full Service B&M $65,216
    Prevail Bank 1601 Lincoln Street Wisconsin Rapids, WI 54494 Full Service B&M $131,108
    Prevail Bank 204 N Avon Ave Phillips, WI 54555 Full Service B&M $85,375
    Prevail Bank 2225 Fairfax Street Eau Claire, WI 54701 Full Service B&M $2,675
    Prevail Bank 326 North Central Avenue Owen, WI 54460 Full Service B&M $35,811
    Prevail Bank 5709 Windy Drive, Suite A Stevens Point, WI 54482 Full Service B&M $40,047
    Prevail Bank 675 E. Broadway Ave. Medford, WI 54451 Full Service B&M $134,702

    For 2020, Prevail Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $25,961
    Net interest income $20,066
    Total noninterest income $1,896
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $182
    Trading account gains and fees $0
    Additional Noninterest Income $1,714
    Pre-tax net operating income $3,082
    Securities gains (or losses, -) $268
    Income before extraordinary items $2,758
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,758
    Minority interest net income $0
    Net income $2,758
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,538

    Prevail Bank's gross interest income from loans was $25,961,000.
    Prevail Bank's net interest income from loans was $20,066,000.
    Prevail Bank's fee based income from loans was $182,000.
    Prevail Bank's net income from loans was $2,758,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,895
    Provision for credit losses $3,449
    Total noninterest expense $15,431
    Salaries and employee benefits $9,148
    Premises and equipment expense $1,640
    Additional noninterest expense $4,643
    Applicable income taxes $592
    Net charge-offs $64
    Cash dividends $0

    Prevail Bank's interest expense for loans was $5,895,000.
    Prevail Bank's payroll and benefits expense were $9,148,000.
    Prevail Bank's property, plant and equipment expenses $1,640,000.

    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 $696,607
    Deposits held in domestic offices $696,607
    Deposits by Individuals, partnerships, and corporations $665,421
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $28,639
    Deposits by Commercial banks and other depository institutions in U.S. $2,547
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $158,755
    Demand deposits $158,755
    Nontransaction accounts $537,852
    Money market deposit accounts (MMDAs) $93,679
    Other savings deposits (excluding MMDAs) $189,326
    Total time deposits $254,847
    Total time and savings deposits $537,852
    Noninterest-bearing deposits $77,843
    Interest-bearing deposits $618,764
    Retail deposits $658,942
    IRAs and Keogh plan accounts $62,191
    Brokered deposits $10
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $860,665
    Cash & Balances due from depository institutions $56,597
    Interest-bearing balances $43,093
    Total securities $169,011
    Federal funds sold & reverse repurchase $388
    Net loans and leases $571,910
    Loan and leases loss allowance $4,385
    Trading account assets $0
    Bank premises and fixed assets $10,615
    Other real estate owned $0
    Goodwill and other intangibles $30,246
    All other assets $21,898

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $860,665
    Total Liabilities $716,051
    Total deposits $696,607
    Interest-bearing deposits $618,764
    Deposits held in domestic offices $696,607
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $13,000
    Subordinated debt $0
    All other liabilities $6,444

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $571,910
    Loan and leases loss allowance $4,385
    Total loans and leases (domestic) $576,295
    All real estate loans $499,655
    Real estate loans in domestic offices $499,655
    Construction and development loans $14,389
    Residential 1-4 family construction $3,772
    Other construction, all land development and other land $10,617
    Loans secured by nonfarm nonresidential properties $103,494
    Nonfarm nonresidential secured by owner-occupied properties $51,469
    Commercial real estate & other non-farm, non-residential $52,025
    Multifamily residential real estate $29,204
    1-4 family residential loans $346,443
    Farmland loans $6,125
    Loans held in foreign offices $0
    Farm loans $3,427
    Commercial and industrial loans $60,208
    To non-U.S. addressees $0
    Loans to individuals $747
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $602
    Other loans to individuals $145
    All other loans & leases $12,258
    Loans to foreign governments and official institutions $0
    Other loans $2,445
    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 $6,743
    Non 1-4 family restructured loans & leases $6,175
    Total loans and leases (foreign) $0

    Prevail Bank had $571,910,000 of loans outstanding in 2020. $499,655,000 of loans were in real estate loans. $14,389,000 of loans were in development loans. $29,204,000 of loans were in multifamily mortgage loans. $346,443,000 of loans were in 1-4 family mortgage loans. $3,427,000 of loans were in farm loans. $0 of loans were in credit card loans. $602,000 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 354 $11,095 $31,342
    Nonfarm, nonresidential loans - <$100k 26 $1,195 $45,962
    Nonfarm, nonresidential loans - $100-250k 151 $4,352 $28,821
    Nonfarm, nonresidential loans - $250k-1MM 177 $5,548 $31,345
    Commercial & Industrial, US addressed loans - <$1MM 244 $22,990 $94,221
    Commercial & Industrial, US addressed loans - <$100k 151 $4,352 $28,821
    Commercial & Industrial, US addressed loans - $100-250k 46 $6,159 $133,891
    Commercial & Industrial, US addressed loans - $250k-1MM 47 $12,479 $265,511
    Farmland loans - <$1MM 21 $2,922 $139,143
    Farmland loans - <$100k 2 $106 $53,000
    Farmland loans - $100-250k 14 $1,779 $127,071
    Farmland loans - $250k-1MM 5 $1,037 $207,400
    Agriculture operations loans - <$1MM 7 $300 $42,857
    Agriculture operations loans - <$100k 5 $72 $14,400
    Agriculture operations loans - $100-250k 2 $228 $114,000