Northwestern Bank Mortgage Rates, Fees & Info

Chippewa Falls, WI

LEI: 254900YAD0R5TBY92Y41

Tax ID: 39-0509860

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Mortgage Data

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

    Northwestern Bank is a smaller bank specializing in Home Purchase and Refi loans. Northwestern Bank has a high proportion of conventional loans. Their top markets by origination volume include: Eau Claire, Menomonie, Waco, Minneapolis, and Watertown among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Northwestern Bank has an average approval rate when compared to the average across all lenders. They have a below 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

    165

    Origination Dollar Volume (All Markets)

    $25,885,000

    Employee count

    73

    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
    EAU CLAIRE, WI (FHA|USDA|VA) 137 $20,975,000 $153,102 $0 0.00%
    Outside of Metro Areas 21 $3,015,000 $143,571 $0 0.00%
    Menomonie, WI (FHA|USDA|VA) 2 $640,000 $320,000 $0 0.00%
    WACO, TX (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $390,000 $195,000 $0 0.00%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Northwestern Bank's top markets include Eau Claire, Menomonie, Waco, Minneapolis, and Watertown among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 165 $25,885,000 $156,879 $0 0.00%

    For 2018, Northwestern Bank's most frequently originated type of loan was Conventional, with 165 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 101 $16,615,000 $164,505 $0 0.00%
    Refi 44 $7,490,000 $170,227 $0 0.00%
    Cash Out Refi 14 $1,510,000 $107,857 $0 0.00%
    Home Improvement 3 $65,000 $21,667 $0 0.00%
    Other 3 $205,000 $68,333 $0 0.00%

    For 2018, Northwestern Bank's most frequently cited loan purpose was Home Purchase, with 101 originations. The 2nd most popular reason was Refi, with 44 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 165 $25,885,000 $156,879 $0 0.00%

    For 2018, Northwestern Bank's most frequently cited loan duration was Other, with 165 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 67 $9,665,000 $144,254 $0 0.00%
    $100,000 or less 56 $3,810,000 $68,036 $0 0.00%
    $200k-400k 36 $9,680,000 $268,889 $0 0.00%
    $400k-600k 6 $2,730,000 $455,000 $0 0.00%

    2018 saw Northwestern Bank place emphasis on $100k-200k loans with 67 originations, totaling $9,665,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 32 $3,850,000 $120,313 $0 0.00%
    $75k-100k 32 $5,050,000 $157,813 $0 0.00%
    $100k-150k 31 $5,915,000 $190,806 $0 0.00%
    $50k or less 27 $2,615,000 $96,852 $0 0.00%
    $150k-250k 12 $2,590,000 $215,833 $0 0.00%
    $250k+ 10 $2,000,000 $200,000 $0 0.00%

    Northwestern Bank lent most frequently to those with incomes in the $50k-75k range, with 32 originations. The second most popular income band? $75k-100k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 165 $25,885,000 $156,879 $0 0.00%

    Northwestern Bank lent most frequently to those with DTI ratios of Exempt%, with 165 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 141 $20,905,000 $148,262 $0 0.00%
    Not applicable 16 $3,220,000 $201,250 $0 0.00%
    Not provided 5 $1,175,000 $235,000 $0 0.00%
    Asian Indian 2 $470,000 $235,000 $0 0.00%
    Asian 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.19%

    Northwestern Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.48%

    Northwestern Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 165 $25,885,000 $156,879

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $915,000 $305,000
    Single Family (1-4 Units):Manufactured 3 $295,000 $98,333
    Single Family (1-4 Units):Site-Built 159 $24,675,000 $155,189

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Northwestern Bank 111 North Washington Street Thorp, WI 54771 Full Service B&M $52,472
    Northwestern Bank 1430 Rivers Edge Trail Altoona, WI 54720 Full Service B&M $39,481
    Northwestern Bank 17152 County Highway J Chippewa Falls, WI 54729 Full Service B&M $0
    Northwestern Bank 20 East Central Street Chippewa Falls, WI 54729 Limited, Drive-thru $0
    Northwestern Bank 201 Main Street Cornell, WI 54732 Full Service B&M $40,648
    Northwestern Bank 202 Bridge Street Chippewa Falls, WI 54729 Full Service B&M $244,528
    Northwestern Bank 803 East Murray Street Boyd, WI 54726 Full Service B&M $20,638

    For 2018, Northwestern Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $19,249
    Net interest income $17,126
    Total noninterest income $1,562
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $337
    Trading account gains and fees $0
    Additional Noninterest Income $1,225
    Pre-tax net operating income $8,634
    Securities gains (or losses, -) $53
    Income before extraordinary items $8,657
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,657
    Minority interest net income $0
    Net income $8,657
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,604

    Northwestern Bank's gross interest income from loans was $19,249,000.
    Northwestern Bank's net interest income from loans was $17,126,000.
    Northwestern Bank's fee based income from loans was $337,000.
    Northwestern Bank's net income from loans was $8,657,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,123
    Provision for credit losses $600
    Total noninterest expense $9,454
    Salaries and employee benefits $5,067
    Premises and equipment expense $959
    Additional noninterest expense $3,428
    Applicable income taxes $30
    Net charge-offs $-247
    Cash dividends $7,060

    Northwestern Bank's interest expense for loans was $2,123,000.
    Northwestern Bank's payroll and benefits expense were $5,067,000.
    Northwestern Bank's property, plant and equipment expenses $959,000.

    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 $401,905
    Deposits held in domestic offices $401,905
    Deposits by Individuals, partnerships, and corporations $377,511
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $24,394
    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 $163,789
    Demand deposits $102,462
    Nontransaction accounts $238,116
    Money market deposit accounts (MMDAs) $89,927
    Other savings deposits (excluding MMDAs) $56,242
    Total time deposits $91,947
    Total time and savings deposits $299,443
    Noninterest-bearing deposits $102,462
    Interest-bearing deposits $299,443
    Retail deposits $378,661
    IRAs and Keogh plan accounts $13,285
    Brokered deposits $17,673
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $450,440
    Cash & Balances due from depository institutions $33,189
    Interest-bearing balances $23,495
    Total securities $77,960
    Federal funds sold & reverse repurchase $640
    Net loans and leases $335,203
    Loan and leases loss allowance $9,016
    Trading account assets $0
    Bank premises and fixed assets $579
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $2,869

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $450,440
    Total Liabilities $403,652
    Total deposits $401,905
    Interest-bearing deposits $299,443
    Deposits held in domestic offices $401,905
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,747

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $335,203
    Loan and leases loss allowance $9,016
    Total loans and leases (domestic) $344,219
    All real estate loans $237,973
    Real estate loans in domestic offices $237,973
    Construction and development loans $20,794
    Residential 1-4 family construction $3,048
    Other construction, all land development and other land $17,746
    Loans secured by nonfarm nonresidential properties $138,661
    Nonfarm nonresidential secured by owner-occupied properties $97,373
    Commercial real estate & other non-farm, non-residential $41,288
    Multifamily residential real estate $24,621
    1-4 family residential loans $39,199
    Farmland loans $14,698
    Loans held in foreign offices $0
    Farm loans $13,658
    Commercial and industrial loans $76,955
    To non-U.S. addressees $0
    Loans to individuals $4,537
    Credit card loans $176
    Related Plans $0
    Consumer Auto Loans $182
    Other loans to individuals $4,179
    All other loans & leases $11,096
    Loans to foreign governments and official institutions $0
    Other loans $10,306
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $800
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $427
    Non 1-4 family restructured loans & leases $427
    Total loans and leases (foreign) $0

    Northwestern Bank had $335,203,000 of loans outstanding in 2018. $237,973,000 of loans were in real estate loans. $20,794,000 of loans were in development loans. $24,621,000 of loans were in multifamily mortgage loans. $39,199,000 of loans were in 1-4 family mortgage loans. $13,658,000 of loans were in farm loans. $176,000 of loans were in credit card loans. $182,000 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 191 $53,112 $278,073
    Nonfarm, nonresidential loans - <$100k 42 $1,950 $46,429
    Nonfarm, nonresidential loans - $100-250k 67 $9,601 $143,299
    Nonfarm, nonresidential loans - $250k-1MM 82 $41,561 $506,841
    Commercial & Industrial, US addressed loans - <$1MM 468 $34,630 $73,996
    Commercial & Industrial, US addressed loans - <$100k 304 $6,199 $20,391
    Commercial & Industrial, US addressed loans - $100-250k 90 $8,481 $94,233
    Commercial & Industrial, US addressed loans - $250k-1MM 74 $19,950 $269,595
    Farmland loans - <$1MM 59 $7,021 $119,000
    Farmland loans - <$100k 27 $1,194 $44,222
    Farmland loans - $100-250k 24 $3,293 $137,208
    Farmland loans - $250k-1MM 8 $2,534 $316,750
    Agriculture operations loans - <$1MM 70 $3,293 $47,043
    Agriculture operations loans - <$100k 57 $1,327 $23,281
    Agriculture operations loans - $100-250k 12 $1,619 $134,917
    Agriculture operations loans - $250k-1MM 1 $347 $347,000