North Shore Bank Fsb Mortgage Rates, Fees & Info

Brookfield, WI

LEI: 254900PST6LLDPCKSN83

Tax ID: 39-0506400

5 stars - out of 5 stars, based on 42 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

North Shore Bank Fsb is a smaller bank specializing in Refi and Home Purchase loans. North Shore Bank Fsb has a high proportion of conventional loans. Their top markets include Milwaukee, Green Bay, Racine, Appleton, and Chicago among others. North Shore Bank Fsb has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. North Shore Bank Fsb is typically a low fee lendor.


Originations

1,751

Origination Dollar Volume (All Markets)

$383,985,000

Employee count

452 Show all (8) awards

Relative Rate

North Shore Bank Fsb's average 30 year fixed rate mortgage of loans were 3.17%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.02%.

Relative Fees

North Shore Bank Fsb's average total fees for a 30 year fixed rate mortgage are $1,807.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 895 $196,045,000 $219,045 $1,756 2.85%
Outside of Metro Areas 159 $42,365,000 $266,447 $1,891 3.09%
GREEN BAY, WI (FHA|USDA|VA) 214 $39,030,000 $182,383 $1,670 2.79%
RACINE, WI (FHA|USDA|VA) 172 $26,690,000 $155,174 $1,669 3.02%
APPLETON, WI (FHA|USDA|VA) 82 $16,800,000 $204,878 $1,604 2.93%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 104 $14,700,000 $141,346 $1,637 2.60%
Clinton, IA (FHA|USDA|VA) 1 $9,685,000 $9,685,000 $0 3.25%
FOND DU LAC, WI (FHA|USDA|VA) 12 $9,220,000 $768,333 $1,449 3.24%
Manitowoc, WI (FHA|USDA|VA) 12 $5,260,000 $438,333 $1,645 2.43%
Beaver Dam, WI (FHA|USDA|VA) 8 $4,970,000 $621,250 $1,651 3.03%
Whitewater, WI (FHA|USDA|VA) 15 $4,625,000 $308,333 $1,712 3.15%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 30 $4,550,000 $151,667 $1,588 3.14%
SHEBOYGAN, WI (FHA|USDA|VA) 7 $2,985,000 $426,429 $1,996 3.14%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 8 $2,400,000 $300,000 $1,802 3.34%
Shawano, WI (FHA|USDA|VA) 14 $1,650,000 $117,857 $1,554 3.02%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $925,000 $925,000 $0 3.25%
Marinette, WI-MI (FHA|USDA|VA) 5 $505,000 $101,000 $1,737 2.60%
WAUSAU-WESTON, WI (FHA|USDA|VA) 3 $355,000 $118,333 $1,513 2.62%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 2 $330,000 $165,000 $1,901 3.13%
MADISON, WI (FHA|USDA|VA) 2 $290,000 $145,000 $1,843 2.43%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 2 $250,000 $125,000 $1,978 2.81%
Stevens Point, WI (FHA|USDA|VA) 2 $200,000 $100,000 $1,268 1.87%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $155,000 $155,000 $1,843 3.25%

North Shore Bank Fsb's top markets include Milwaukee, Green Bay, Racine, Appleton, and Chicago among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,743 $382,005,000 $219,165 $1,720 2.88%
VA 8 $1,980,000 $247,500 $3,094 2.66%

For the 2021 period, North Shore Bank Fsb's most frequently originated loan type of loans were Conventional, with 1,743 originations. Their 2nd most popular type is VA, with 8 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 721 $152,935,000 $212,115 $1,581 2.85%
Home Purchase 357 $147,765,000 $413,908 $1,940 3.11%
Cash Out Refi 302 $56,550,000 $187,252 $1,792 3.02%
Other 211 $14,645,000 $69,408 $1,502 2.63%
Home Improvement 160 $12,090,000 $75,563 $0 2.57%

For the 2021, North Shore Bank Fsb's most frequently cited loan purpose of loans were Refi, with 721 originations. The 2nd most popular reason of loans were Home Purchase, with 357 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 682 $147,960,000 $216,950 $1,807 3.17%
10 Year 622 $142,180,000 $228,585 $1,720 2.73%
15 Year 352 $57,310,000 $162,813 $1,598 2.55%
20 Year 76 $13,170,000 $173,289 $1,691 3.02%
Other 16 $22,130,000 $1,383,125 $1,446 3.30%
5 Year 3 $1,235,000 $411,667 $0 3.83%

For the 2021, North Shore Bank Fsb's most frequently cited loan length of loans were 30 Year, with 682 originations. The 2nd most popular length of loans were 10 Year, with 622 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 993 $195,925,000 $197,306
$1k-2k 63 $13,505,000 $214,365
$2k-3k 10 $1,970,000 $197,000
$3k-4k 4 $1,080,000 $270,000
$5k+ 3 $685,000 $228,333

$1,807 of loans were North Shore Bank Fsb's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 993 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 721 $220,895,000 $306,373
<2.5% 529 $64,395,000 $121,730
2.5-3% 477 $97,105,000 $203,574
4-5% 24 $1,590,000 $66,250

During 2021, North Shore Bank Fsb's average interest rate of loans were 3.17%, while their most frequently originated rate bucket of loans were 3-4%, with 721 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 742 $104,230,000 $140,472 $1,653 2.90%
$100,000 or less 499 $29,275,000 $58,667 $1,630 2.73%
$200k-400k 405 $106,825,000 $263,765 $1,818 2.96%
$400k-600k 56 $26,390,000 $471,250 $2,011 3.10%
$1MM+ 34 $105,230,000 $3,095,000 $2,893 3.32%
$600k-1MM 15 $12,035,000 $802,333 $2,701 3.46%

2021 saw North Shore Bank Fsb place emphasis on $100k-200k loans with 742 originations, totaling $104,230,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 438 $58,980,000 $134,658 $1,682 2.90%
$100k-150k 379 $65,185,000 $171,992 $1,729 2.73%
$75k-100k 321 $51,755,000 $161,231 $1,823 2.92%
$50k or less 304 $31,740,000 $104,408 $1,673 2.96%
$150k-250k 190 $41,650,000 $219,211 $1,781 2.81%
$250k+ 62 $21,880,000 $352,903 $1,797 2.84%

North Shore Bank Fsb lent most frequently to those with incomes in the $50k-75k range, with 438 originations. The second most popular income band? $100k-150k, with 379 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 432 $67,120,000 $155,370 $1,661 2.83%
30-36% 336 $54,850,000 $163,244 $1,770 2.85%
<20% 156 $24,450,000 $156,731 $1,660 2.93%
44% 96 $10,470,000 $109,063 $1,667 2.68%
43% 75 $11,365,000 $151,533 $1,726 2.75%
42% 71 $11,905,000 $167,676 $1,882 3.02%
39% 61 $8,545,000 $140,082 $1,597 2.91%
37% 59 $8,625,000 $146,186 $1,705 2.70%
38% 56 $10,600,000 $189,286 $1,573 3.01%
41% 55 $8,565,000 $155,727 $2,117 2.82%
40% 53 $7,705,000 $145,377 $1,699 2.86%
36% 51 $7,905,000 $155,000 $1,704 2.89%
45% 45 $7,095,000 $157,667 $1,984 2.89%
46% 35 $6,425,000 $183,571 $1,874 3.14%
49% 31 $5,665,000 $182,742 $1,569 3.04%
47% 27 $4,215,000 $156,111 $1,546 2.92%
48% 23 $4,695,000 $204,130 $1,943 2.93%
50-60% 20 $6,680,000 $334,000 $1,889 2.95%
>60% 12 $4,310,000 $359,167 $2,358 3.33%

North Shore Bank Fsb lent most frequently to those with DTI ratios of 20-30%, with 432 originations. The next most common DTI ratio? 30-36%, with 336 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,567 $246,545,000 $157,336 $1,711 2.87%
Not applicable 57 $112,795,000 $1,978,860 $0 3.44%
Not provided 78 $16,480,000 $211,282 $1,705 2.93%
Asian 24 $4,760,000 $198,333 $2,692 2.77%
Black 19 $2,785,000 $146,579 $2,035 2.75%
American Indian 3 $355,000 $118,333 $1,282 2.50%
Native Hawaiian 2 $170,000 $85,000 $1,593 2.31%
Asian Indian 1 $95,000 $95,000 $1,286 2.63%

Approval Rates

Total approvals of all applications
77.30%

North Shore Bank Fsb has a below average approval rate.

Pick Rate

Approvals leading to origination
88.18%

North Shore Bank Fsb has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,751 $383,985,000 $219,295

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,751 $383,985,000 $219,295

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 326 $41,710,000 $127,945 $1,616 2.69%
40-60% 437 $86,325,000 $197,540 $1,623 2.85%
60-80% 545 $189,815,000 $348,284 $1,761 3.06%
80-100% 193 $54,205,000 $280,855 $1,893 3.17%
Over 100% 1 $345,000 $345,000 $9,165 2.50%
Under 20% 249 $11,585,000 $46,526 $1,562 2.60%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
NORTHWEST BANCSHARES INC Conventional home mortgage Struggling to pay mortgage 1 11.1%
NORTHWEST BANCSHARES INC Conventional home mortgage Trouble during payment process 5 55.6%
NORTHWEST BANCSHARES INC Home equity loan or line of credit (HELOC) Trouble during payment process 1 11.1%
NORTHWEST BANCSHARES INC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 11.1%
NORTHWEST BANCSHARES INC Other type of mortgage Struggling to pay mortgage 1 11.1%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
North Shore Bank, FSB 2300 South Webster Avenue Green Bay, WI 54301 Full Service B&M $37,328
North Shore Bank, FSB 120 W Wisconsin Ave Pewaukee, WI 53072 Full Service B&M $75,852
North Shore Bank, FSB 1320 West Burnham Milwaukee, WI 53204 Full Service B&M $18,472
North Shore Bank, FSB 1500 Appleton Rd. Menasha, WI 54952 Full Service Retail $31,171
North Shore Bank, FSB 15505 West National Avenue New Berlin, WI 53151 Full Service B&M $74,612
North Shore Bank, FSB 15700 West Bluemound Rd Brookfield, WI 53005 Full Service Cyber Office $287
North Shore Bank, FSB 15700 West Bluemound Road Brookfield, WI 53005 Full Service B&M $190,718
North Shore Bank, FSB 15830 W. Capitol Dr. Brookfield, WI 53005 Full Service B&M $86,176
North Shore Bank, FSB 1620 W Mason St Green Bay, WI 54303 Full Service Retail $22,142
North Shore Bank, FSB 165 N Saint Augustine St Pulaski, WI 54162 Full Service B&M $40,464
North Shore Bank, FSB 1689 Curran Road Mchenry, IL 60051 Full Service B&M $32,976
North Shore Bank, FSB 1819 Main Street Green Bay, WI 54302 Full Service B&M $25,140
North Shore Bank, FSB 1900 N Martin Luther King Dr Milwaukee, WI 53212 Full Service B&M $13,383
North Shore Bank, FSB 2215 S Oneida St Green Bay, WI 54307 Full Service B&M $22,122
North Shore Bank, FSB 225 N Fifth Ave Sturgeon Bay, WI 54235 Full Service B&M $81,662
North Shore Bank, FSB 10533 West National Avenue West Allis, WI 53227 Full Service B&M $40,250
North Shore Bank, FSB 10806 N. Port Washington Road Mequon, WI 53092 Full Service Retail $43,328
North Shore Bank, FSB 1100 W Northland Avenue Appleton, WI 54914 Full Service B&M $58,715
North Shore Bank, FSB 1101 Main Street Union Grove, WI 53182 Full Service B&M $34,352
North Shore Bank, FSB 116 S Pine St Burlington, WI 53105 Full Service B&M $37,645
North Shore Bank, FSB 5817 West Forest Home Avenue Milwaukee, WI 53220 Full Service B&M $29,138
North Shore Bank, FSB 5850 Broad Street Greendale, WI 53129 Full Service B&M $44,953
North Shore Bank, FSB 600 East Green Tree Road Fox Point, WI 53217 Full Service B&M $69,418
North Shore Bank, FSB 6906 Green Bay Rd Kenosha, WI 53142 Full Service B&M $26,244
North Shore Bank, FSB 7151 S 76th St Franklin, WI 53132 Full Service B&M $46,398
North Shore Bank, FSB 7927 West Capitol Drive Milwaukee, WI 53222 Full Service B&M $35,964
North Shore Bank, FSB 8056 39th Avenue Kenosha, WI 53142 Full Service B&M $11,686
North Shore Bank, FSB 8701 South Howell Avenue Oak Creek, WI 53154 Full Service B&M $46,809
North Shore Bank, FSB 8706 W North Ave Wauwatosa, WI 53226 Full Service B&M $62,158
North Shore Bank, FSB 9131 W Oklahoma Ave Milwaukee, WI 53227 Full Service B&M $59,309
North Shore Bank, FSB N112 W15780 Mequon Road Germantown, WI 53022 Full Service B&M $31,472
North Shore Bank, FSB S74 W17095 Janesville Road Muskego, WI 53150 Full Service B&M $51,031
North Shore Bank, FSB W249n6600 Highway 164 Sussex, WI 53089 Full Service B&M $43,455
North Shore Bank, FSB 2301 Wisconsin Ave Grafton, WI 53024 Full Service B&M $38,925
North Shore Bank, FSB 2465 Lineville Road, Suite 2 Green Bay, WI 54313 Full Service B&M $24,559
North Shore Bank, FSB 2614 S. Bay Shore Dr. Sister Bay, WI 54234 Full Service B&M $30,119
North Shore Bank, FSB 3233 East Layton Avenue Cudahy, WI 53110 Full Service B&M $28,206
North Shore Bank, FSB 3911 N Main St Racine, WI 53402 Full Service B&M $34,177
North Shore Bank, FSB 403 West Silver Spring Drive Glendale, WI 53217 Full Service B&M $31,798
North Shore Bank, FSB 4230 West Oklahoma Avenue Milwaukee, WI 53215 Full Service B&M $49,548
North Shore Bank, FSB 4414 N Oakland Ave Shorewood, WI 53211 Full Service B&M $114,598
North Shore Bank, FSB 4923 Washington Ave Racine, WI 53406 Full Service B&M $51,599
North Shore Bank, FSB 510 E. Pleasant St. Milwaukee, WI 53202 Full Service B&M $25,708
North Shore Bank, FSB 5101 S 76th St Greendale, WI 53129 Full Service B&M $45,490
North Shore Bank, FSB 5117 Green Bay Road Kenosha, WI 53144 Full Service B&M $37,435
North Shore Bank, FSB 5723 Durand Ave. Racine, WI 53406 Full Service B&M $31,301

For 2021, North Shore Bank Fsb had 46 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $71,643
Net interest income $66,537
Total noninterest income $23,640
Gross Fiduciary activities income $0
Service charges on deposit accounts $5,174
Trading account gains and fees $0
Additional Noninterest Income $18,466
Pre-tax net operating income $20,324
Securities gains (or losses, -) $-10
Income before extraordinary items $14,690
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $14,690
Minority interest net income $0
Net income $14,690
Sale, conversion, retirement of capital stock, net $0
Net operating income $14,697

North Shore Bank Fsb's gross interest income from loans was $71,643,000.
North Shore Bank Fsb's net interest income from loans was $66,537,000.
North Shore Bank Fsb's fee based income from loans was $5,174,000.
North Shore Bank Fsb's net income from loans was $14,690,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $5,106
Provision for credit losses $-2,500
Total noninterest expense $72,353
Salaries and employee benefits $45,111
Premises and equipment expense $8,823
Additional noninterest expense $18,419
Applicable income taxes $5,624
Net charge-offs $-2,521
Cash dividends $0

North Shore Bank Fsb's interest expense for loans was $5,106,000.
North Shore Bank Fsb's payroll and benefits expense were $45,111,000.
North Shore Bank Fsb's property, plant and equipment expenses $8,823,000.

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 1.0%
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 $2,108,039
Deposits held in domestic offices $2,108,039
Deposits by Individuals, partnerships, and corporations $2,083,312
Deposits by U.S. Government $7
Deposits by States and political subdivisions in the U.S. $24,720
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 $187,573
Demand deposits $111,193
Nontransaction accounts $1,920,466
Money market deposit accounts (MMDAs) $886,347
Other savings deposits (excluding MMDAs) $738,057
Total time deposits $296,061
Total time and savings deposits $1,996,846
Noninterest-bearing deposits $321,747
Interest-bearing deposits $1,786,292
Retail deposits $2,083,144
IRAs and Keogh plan accounts $79,229
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $2,587,926
Cash & Balances due from depository institutions $446,616
Interest-bearing balances $409,711
Total securities $366,533
Federal funds sold & reverse repurchase $0
Net loans and leases $1,659,355
Loan and leases loss allowance $13,421
Trading account assets $0
Bank premises and fixed assets $53,848
Other real estate owned $0
Goodwill and other intangibles $30,297
All other assets $31,277

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $2,587,926
Total Liabilities $2,295,029
Total deposits $2,108,039
Interest-bearing deposits $1,786,292
Deposits held in domestic offices $2,108,039
% insured (estimated) $89
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $150,000
Subordinated debt $0
All other liabilities $36,990

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,659,355
Loan and leases loss allowance $13,421
Total loans and leases (domestic) $1,672,776
All real estate loans $1,162,699
Real estate loans in domestic offices $1,162,699
Construction and development loans $40,103
Residential 1-4 family construction $1,985
Other construction, all land development and other land $38,118
Loans secured by nonfarm nonresidential properties $111,389
Nonfarm nonresidential secured by owner-occupied properties $65,697
Commercial real estate & other non-farm, non-residential $45,692
Multifamily residential real estate $677,939
1-4 family residential loans $330,040
Farmland loans $3,228
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $44,142
To non-U.S. addressees $0
Loans to individuals $461,880
Credit card loans $0
Related Plans $0
Consumer Auto Loans $4,396
Other loans to individuals $457,484
All other loans & leases $4,055
Loans to foreign governments and official institutions $0
Other loans $0
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 $2,185
Non 1-4 family restructured loans & leases $2,066
Total loans and leases (foreign) $0

North Shore Bank FSB had $1,659,355,000 of loans outstanding in 2021. $1,162,699,000 of loans were in real estate loans. $40,103,000 of loans were in development loans. $677,939,000 of loans were in multifamily mortgage loans. $330,040,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $4,396,000 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 189 $37,603 $198,958
Nonfarm, nonresidential loans - <$100k 46 $1,583 $34,413
Nonfarm, nonresidential loans - $100-250k 71 $7,796 $109,803
Nonfarm, nonresidential loans - $250k-1MM 72 $28,224 $392,000
Commercial & Industrial, US addressed loans - <$1MM 390 $25,360 $65,026
Commercial & Industrial, US addressed loans - <$100k 272 $6,162 $22,654
Commercial & Industrial, US addressed loans - $100-250k 60 $6,247 $104,117
Commercial & Industrial, US addressed loans - $250k-1MM 58 $12,951 $223,293