Park Bank Mortgage Rates, Fees & Info

Holmen, WI

LEI: 254900SL0H3ZRSDNV180

Tax ID: 39-0147790

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Mortgage Data

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

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

    Park 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.

    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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    Originations

    148

    Origination Dollar Volume (All Markets)

    $17,770,000

    Employee count

    18

    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) 117 $13,435,000 $114,829 $0 0.00%
    Outside of Metro Areas 29 $3,735,000 $128,793 $0 0.00%
    ROCHESTER, MN (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    Winona, MN (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    Park Bank's top markets include La Crosse, Rochester, and Winona 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 147 $17,685,000 $120,306 $0 0.00%
    USDA 1 $85,000 $85,000 $0 0.00%

    For 2018, Park Bank's most frequently originated type of loan was Conventional, with 147 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 69 $10,265,000 $148,768 $0 0.00%
    Refi 36 $4,410,000 $122,500 $0 0.00%
    Home Improvement 15 $705,000 $47,000 $0 0.00%
    Cash Out Refi 15 $1,835,000 $122,333 $0 0.00%
    Other 13 $555,000 $42,692 $0 0.00%

    For 2018, Park Bank's most frequently cited loan purpose was Home Purchase, with 69 originations. The 2nd most popular reason was Refi, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 148 $17,770,000 $120,068 $0 0.00%

    For 2018, Park Bank's most frequently cited loan duration was Other, with 148 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 76 $3,970,000 $52,237 $0 0.00%
    $100k-200k 50 $6,980,000 $139,600 $0 0.00%
    $200k-400k 18 $4,970,000 $276,111 $0 0.00%
    $400k-600k 4 $1,850,000 $462,500 $0 0.00%

    2018 saw Park Bank place emphasis on $100,000 or less loans with 76 originations, totaling $3,970,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 44 $4,360,000 $99,091 $0 0.00%
    $50k or less 30 $2,340,000 $78,000 $0 0.00%
    $75k-100k 28 $3,490,000 $124,643 $0 0.00%
    $100k-150k 26 $4,780,000 $183,846 $0 0.00%
    $150k-250k 7 $1,545,000 $220,714 $0 0.00%
    $250k+ 4 $340,000 $85,000 $0 0.00%

    Park Bank lent most frequently to those with incomes in the $50k-75k range, with 44 originations. The second most popular income band? $50k or less, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 148 $17,770,000 $120,068 $0 0.00%

    Park Bank lent most frequently to those with DTI ratios of Exempt%, with 148 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 138 $16,990,000 $123,116 $0 0.00%
    Not applicable 6 $420,000 $70,000 $0 0.00%
    Not provided 1 $185,000 $185,000 $0 0.00%
    American Indian 1 $115,000 $115,000 $0 0.00%
    Asian 2 $60,000 $30,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.63%

    Park 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
    96.62%

    Park 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 148 $17,770,000 $120,068

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 15 $975,000 $65,000
    Single Family (1-4 Units):Site-Built 133 $16,795,000 $126,278

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Prospect Mortgage, LLC FHA mortgage Struggling to pay mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Park Bank 1200 Main Street Holmen, WI 54636 Full Service B&M $26,228
    Park Bank 145 North Water Street Sparta, WI 54656 Full Service B&M $3,616
    Park Bank 700 State Street La Crosse, WI 54601 Full Service B&M $13,457

    For 2018, Park Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $2,542
    Net interest income $2,327
    Total noninterest income $1,356
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $173
    Trading account gains and fees $0
    Additional Noninterest Income $1,183
    Pre-tax net operating income $375
    Securities gains (or losses, -) $0
    Income before extraordinary items $343
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $343
    Minority interest net income $0
    Net income $343
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $343

    Park Bank's gross interest income from loans was $2,542,000.
    Park Bank's net interest income from loans was $2,327,000.
    Park Bank's fee based income from loans was $173,000.
    Park Bank's net income from loans was $343,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $215
    Provision for credit losses $524
    Total noninterest expense $2,784
    Salaries and employee benefits $1,462
    Premises and equipment expense $321
    Additional noninterest expense $1,001
    Applicable income taxes $32
    Net charge-offs $498
    Cash dividends $0

    Park Bank's interest expense for loans was $215,000.
    Park Bank's payroll and benefits expense were $1,462,000.
    Park Bank's property, plant and equipment expenses $321,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 3.0%
    HELOC loans 0.0%
    All other family 3.0%
    Commercial & industrial loans 6.0%
    Personal loans 1.0%
    Credit card loans 1.7%
    Other individual loans 1.0%
    Auto loans 5.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $45,768
    Deposits held in domestic offices $45,768
    Deposits by Individuals, partnerships, and corporations $44,337
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $1,431
    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 $15,171
    Demand deposits $11,300
    Nontransaction accounts $30,597
    Money market deposit accounts (MMDAs) $14,324
    Other savings deposits (excluding MMDAs) $9,062
    Total time deposits $7,211
    Total time and savings deposits $34,468
    Noninterest-bearing deposits $11,299
    Interest-bearing deposits $34,469
    Retail deposits $42,768
    IRAs and Keogh plan accounts $723
    Brokered deposits $3,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $55,599
    Cash & Balances due from depository institutions $3,203
    Interest-bearing balances $478
    Total securities $14,495
    Federal funds sold & reverse repurchase $0
    Net loans and leases $33,740
    Loan and leases loss allowance $645
    Trading account assets $0
    Bank premises and fixed assets $1,800
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $2,361

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $55,599
    Total Liabilities $46,850
    Total deposits $45,768
    Interest-bearing deposits $34,469
    Deposits held in domestic offices $45,768
    % insured (estimated) $92
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,082

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $33,740
    Loan and leases loss allowance $645
    Total loans and leases (domestic) $34,385
    All real estate loans $28,570
    Real estate loans in domestic offices $28,570
    Construction and development loans $5,090
    Residential 1-4 family construction $4,465
    Other construction, all land development and other land $625
    Loans secured by nonfarm nonresidential properties $8,840
    Nonfarm nonresidential secured by owner-occupied properties $8,034
    Commercial real estate & other non-farm, non-residential $806
    Multifamily residential real estate $0
    1-4 family residential loans $13,708
    Farmland loans $932
    Loans held in foreign offices $0
    Farm loans $158
    Commercial and industrial loans $3,945
    To non-U.S. addressees $0
    Loans to individuals $1,713
    Credit card loans $229
    Related Plans $8
    Consumer Auto Loans $260
    Other loans to individuals $1,216
    All other loans & leases $0
    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 $707
    Non 1-4 family restructured loans & leases $114
    Total loans and leases (foreign) $0

    Park Bank had $33,740,000 of loans outstanding in 2018. $28,570,000 of loans were in real estate loans. $5,090,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $13,708,000 of loans were in 1-4 family mortgage loans. $158,000 of loans were in farm loans. $229,000 of loans were in credit card loans. $260,000 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 55 $6,334 $115,164
    Nonfarm, nonresidential loans - <$100k 14 $619 $44,214
    Nonfarm, nonresidential loans - $100-250k 18 $1,731 $96,167
    Nonfarm, nonresidential loans - $250k-1MM 23 $3,984 $173,217
    Commercial & Industrial, US addressed loans - <$1MM 97 $3,583 $36,938
    Commercial & Industrial, US addressed loans - <$100k 65 $1,446 $22,246
    Commercial & Industrial, US addressed loans - $100-250k 18 $850 $47,222
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $1,287 $91,929
    Farmland loans - <$1MM 2 $510 $255,000
    Farmland loans - $100-250k 1 $220 $220,000
    Farmland loans - $250k-1MM 1 $290 $290,000
    Agriculture operations loans - <$1MM 2 $158 $79,000
    Agriculture operations loans - <$100k 1 $14 $14,000
    Agriculture operations loans - $100-250k 1 $144 $144,000