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 Refi, Home Purchase, and Cash Out 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, Winona, and Rochester 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.

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    Originations

    286

    Origination Dollar Volume (All Markets)

    $45,310,000

    Employee count

    19

    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) 201 $31,805,000 $158,234 $0 0.00%
    Outside of Metro Areas 82 $13,020,000 $158,780 $0 0.00%
    Winona, MN (FHA|USDA|VA) 2 $270,000 $135,000 $0 0.00%
    ROCHESTER, MN (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    Park Bank's top markets include La Crosse, Winona, and Rochester 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 285 $45,105,000 $158,263 $0 0.00%
    USDA 1 $205,000 $205,000 $0 0.00%

    For 2021, Park Bank's most frequently originated type of loan was Conventional, with 285 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 102 $16,060,000 $157,451 $0 0.00%
    Home Purchase 83 $14,785,000 $178,133 $0 0.00%
    Cash Out Refi 80 $13,420,000 $167,750 $0 0.00%
    Home Improvement 11 $475,000 $43,182 $0 0.00%
    Other 10 $570,000 $57,000 $0 0.00%

    For 2021, Park Bank's most frequently cited loan purpose was Refi, with 102 originations. The 2nd most popular reason was Home Purchase, with 83 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 286 $45,310,000 $158,427 $0 0.00%

    For 2021, Park Bank's most frequently cited loan duration was Other, with 286 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 139 $20,255,000 $145,719 $0 0.00%
    $100,000 or less 72 $4,650,000 $64,583 $0 0.00%
    $200k-400k 67 $16,475,000 $245,896 $0 0.00%
    $400k-600k 8 $3,930,000 $491,250 $0 0.00%

    2021 saw Park Bank place emphasis on $100k-200k loans with 139 originations, totaling $20,255,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 78 $11,720,000 $150,256 $0 0.00%
    $100k-150k 60 $11,570,000 $192,833 $0 0.00%
    $75k-100k 60 $9,930,000 $165,500 $0 0.00%
    $50k or less 44 $4,720,000 $107,273 $0 0.00%
    $150k-250k 33 $5,695,000 $172,576 $0 0.00%
    $250k+ 7 $1,315,000 $187,857 $0 0.00%

    Park Bank lent most frequently to those with incomes in the $50k-75k range, with 78 originations. The second most popular income band? $100k-150k, with 60 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 286 $45,310,000 $158,427 $0 0.00%

    Park Bank lent most frequently to those with DTI ratios of Exempt%, with 286 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 276 $43,470,000 $157,500 $0 0.00%
    Black 4 $980,000 $245,000 $0 0.00%
    Not provided 3 $435,000 $145,000 $0 0.00%
    Asian 3 $425,000 $141,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.92%

    Park Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.45%

    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 286 $45,310,000 $158,427

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    286 $45,310,000 $158,427

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    PROSPERITY BANCSHARES, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    PROSPERITY BANCSHARES, INC. Conventional home mortgage Incorrect information on your report 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Park Bank 1200 Main Street Holmen, WI 54636 Full Service B&M $33,809
    Park Bank 145 North Water Street Sparta, WI 54656 Full Service B&M $5,167
    Park Bank 700 State Street La Crosse, WI 54601 Full Service B&M $17,154

    For 2021, Park Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $1,880
    Net interest income $1,822
    Total noninterest income $1,718
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $93
    Trading account gains and fees $0
    Additional Noninterest Income $1,625
    Pre-tax net operating income $319
    Securities gains (or losses, -) $0
    Income before extraordinary items $336
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $336
    Minority interest net income $0
    Net income $336
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $336

    Park Bank's gross interest income from loans was $1,880,000.
    Park Bank's net interest income from loans was $1,822,000.
    Park Bank's fee based income from loans was $93,000.
    Park Bank's net income from loans was $336,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $58
    Provision for credit losses $130
    Total noninterest expense $3,091
    Salaries and employee benefits $1,638
    Premises and equipment expense $285
    Additional noninterest expense $1,168
    Applicable income taxes $-17
    Net charge-offs $35
    Cash dividends $0

    Park Bank's interest expense for loans was $58,000.
    Park Bank's payroll and benefits expense were $1,638,000.
    Park Bank's property, plant and equipment expenses $285,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 6.0%
    Real Estate loans 6.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 18.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 3.0%
    HELOC loans 0.0%
    All other family 3.0%
    Commercial & industrial loans 5.0%
    Personal loans 0.0%
    Credit card loans 2.1%
    Other individual loans 0.0%
    Auto loans 2.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $58,352
    Deposits held in domestic offices $58,352
    Deposits by Individuals, partnerships, and corporations $56,440
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $1,912
    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 $26,366
    Demand deposits $26,366
    Nontransaction accounts $31,986
    Money market deposit accounts (MMDAs) $15,023
    Other savings deposits (excluding MMDAs) $12,891
    Total time deposits $4,071
    Total time and savings deposits $31,986
    Noninterest-bearing deposits $19,836
    Interest-bearing deposits $38,516
    Retail deposits $58,352
    IRAs and Keogh plan accounts $495
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $69,564
    Cash & Balances due from depository institutions $4,552
    Interest-bearing balances $900
    Total securities $31,657
    Federal funds sold & reverse repurchase $0
    Net loans and leases $28,197
    Loan and leases loss allowance $808
    Trading account assets $0
    Bank premises and fixed assets $1,873
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $3,285

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $69,564
    Total Liabilities $59,490
    Total deposits $58,352
    Interest-bearing deposits $38,516
    Deposits held in domestic offices $58,352
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,138

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $28,197
    Loan and leases loss allowance $808
    Total loans and leases (domestic) $29,005
    All real estate loans $23,535
    Real estate loans in domestic offices $23,535
    Construction and development loans $5,597
    Residential 1-4 family construction $4,553
    Other construction, all land development and other land $1,044
    Loans secured by nonfarm nonresidential properties $6,925
    Nonfarm nonresidential secured by owner-occupied properties $6,478
    Commercial real estate & other non-farm, non-residential $447
    Multifamily residential real estate $0
    1-4 family residential loans $10,637
    Farmland loans $376
    Loans held in foreign offices $0
    Farm loans $219
    Commercial and industrial loans $3,305
    To non-U.S. addressees $0
    Loans to individuals $1,947
    Credit card loans $193
    Related Plans $6
    Consumer Auto Loans $253
    Other loans to individuals $1,495
    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 $631
    Non 1-4 family restructured loans & leases $58
    Total loans and leases (foreign) $0

    Park Bank had $28,197,000 of loans outstanding in 2021. $23,535,000 of loans were in real estate loans. $5,597,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $10,637,000 of loans were in 1-4 family mortgage loans. $219,000 of loans were in farm loans. $193,000 of loans were in credit card loans. $253,000 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 34 $3,319 $97,618
    Nonfarm, nonresidential loans - <$100k 8 $383 $47,875
    Nonfarm, nonresidential loans - $100-250k 15 $908 $60,533
    Nonfarm, nonresidential loans - $250k-1MM 11 $2,028 $184,364
    Commercial & Industrial, US addressed loans - <$1MM 63 $3,024 $48,000
    Commercial & Industrial, US addressed loans - <$100k 45 $723 $16,067
    Commercial & Industrial, US addressed loans - $100-250k 11 $766 $69,636
    Commercial & Industrial, US addressed loans - $250k-1MM 7 $1,535 $219,286
    Farmland loans - <$1MM 2 $241 $120,500
    Farmland loans - <$100k 1 $30 $30,000
    Farmland loans - $100-250k 1 $211 $211,000
    Agriculture operations loans - <$1MM 5 $219 $43,800
    Agriculture operations loans - <$100k 4 $67 $16,750
    Agriculture operations loans - $100-250k 1 $152 $152,000