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
  • 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

    Northwestern Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. Northwestern Bank has a high proportion of conventional loans. Their top markets by origination volume include: Eau Claire, Madison, Menomonie, Minneapolis, and Oshkosh among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Northwestern 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.

    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

    194

    Origination Dollar Volume (All Markets)

    $35,940,000

    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) 162 $31,210,000 $192,654 $0 0.00%
    Outside of Metro Areas 26 $3,750,000 $144,231 $0 0.00%
    MADISON, WI (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
    Menomonie, WI (FHA|USDA|VA) 2 $310,000 $155,000 $0 0.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $210,000 $105,000 $0 0.00%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Northwestern Bank's top markets include Eau Claire, Madison, Menomonie, Minneapolis, and Oshkosh among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 194 $35,940,000 $185,258 $0 0.00%

    For 2019, Northwestern Bank's most frequently originated type of loan was Conventional, with 194 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 97 $18,955,000 $195,412 $0 0.00%
    Cash Out Refi 44 $7,460,000 $169,545 $0 0.00%
    Refi 43 $8,585,000 $199,651 $0 0.00%
    Other 7 $785,000 $112,143 $0 0.00%
    Home Improvement 3 $155,000 $51,667 $0 0.00%

    For 2019, Northwestern Bank's most frequently cited loan purpose was Home Purchase, with 97 originations. The 2nd most popular reason was Cash Out Refi, with 44 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 194 $35,940,000 $185,258 $0 0.00%

    For 2019, Northwestern Bank's most frequently cited loan duration was Other, with 194 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 89 $13,005,000 $146,124 $0 0.00%
    $200k-400k 56 $14,960,000 $267,143 $0 0.00%
    $100,000 or less 39 $2,525,000 $64,744 $0 0.00%
    $400k-600k 7 $3,355,000 $479,286 $0 0.00%
    $600k-1MM 3 $2,095,000 $698,333 $0 0.00%

    2019 saw Northwestern Bank place emphasis on $100k-200k loans with 89 originations, totaling $13,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 46 $5,290,000 $115,000 $0 0.00%
    $100k-150k 36 $6,940,000 $192,778 $0 0.00%
    $50k-75k 34 $5,450,000 $160,294 $0 0.00%
    $75k-100k 32 $6,130,000 $191,563 $0 0.00%
    $250k+ 15 $4,595,000 $306,333 $0 0.00%
    $150k-250k 13 $3,215,000 $247,308 $0 0.00%

    Northwestern Bank lent most frequently to those with incomes in the $50k or less range, with 46 originations. The second most popular income band? $100k-150k, with 36 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 194 $35,940,000 $185,258 $0 0.00%

    Northwestern Bank lent most frequently to those with DTI ratios of Exempt%, with 194 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 160 $28,480,000 $178,000 $0 0.00%
    Not provided 23 $3,805,000 $165,435 $0 0.00%
    Not applicable 10 $2,950,000 $295,000 $0 0.00%
    Asian Indian 1 $705,000 $705,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.24%

    Northwestern Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.57%

    Northwestern Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 194 $35,940,000 $185,258

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $2,035,000 $407,000
    Single Family (1-4 Units):Manufactured 3 $275,000 $91,667
    Single Family (1-4 Units):Site-Built 186 $33,630,000 $180,806

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    NORTHWEST BANCSHARES INC Other type of mortgage Trouble during payment process 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Northwestern Bank 111 North Washington Street Thorp, WI 54771 Full Service B&M $51,558
    Northwestern Bank 1430 Rivers Edge Trail Altoona, WI 54720 Full Service B&M $42,368
    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 $40,610
    Northwestern Bank 202 Bridge Street Chippewa Falls, WI 54729 Full Service B&M $229,274
    Northwestern Bank 803 East Murray Street Boyd, WI 54726 Full Service B&M $20,219

    For 2019, Northwestern Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,240
    Net interest income $17,594
    Total noninterest income $1,644
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $339
    Trading account gains and fees $0
    Additional Noninterest Income $1,305
    Pre-tax net operating income $8,608
    Securities gains (or losses, -) $465
    Income before extraordinary items $9,062
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,062
    Minority interest net income $0
    Net income $9,062
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,597

    Northwestern Bank's gross interest income from loans was $20,240,000.
    Northwestern Bank's net interest income from loans was $17,594,000.
    Northwestern Bank's fee based income from loans was $339,000.
    Northwestern Bank's net income from loans was $9,062,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,646
    Provision for credit losses $1,100
    Total noninterest expense $9,530
    Salaries and employee benefits $5,214
    Premises and equipment expense $1,046
    Additional noninterest expense $3,270
    Applicable income taxes $11
    Net charge-offs $1,209
    Cash dividends $5,453

    Northwestern Bank's interest expense for loans was $2,646,000.
    Northwestern Bank's payroll and benefits expense were $5,214,000.
    Northwestern Bank's property, plant and equipment expenses $1,046,000.

    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 $401,520
    Deposits held in domestic offices $401,520
    Deposits by Individuals, partnerships, and corporations $375,192
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $26,328
    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 $182,752
    Demand deposits $109,010
    Nontransaction accounts $218,768
    Money market deposit accounts (MMDAs) $81,269
    Other savings deposits (excluding MMDAs) $58,414
    Total time deposits $79,085
    Total time and savings deposits $292,510
    Noninterest-bearing deposits $109,010
    Interest-bearing deposits $292,510
    Retail deposits $394,767
    IRAs and Keogh plan accounts $13,270
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $455,721
    Cash & Balances due from depository institutions $27,549
    Interest-bearing balances $19,897
    Total securities $71,979
    Federal funds sold & reverse repurchase $270
    Net loans and leases $352,817
    Loan and leases loss allowance $8,907
    Trading account assets $0
    Bank premises and fixed assets $435
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $2,671

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $455,721
    Total Liabilities $402,838
    Total deposits $401,520
    Interest-bearing deposits $292,510
    Deposits held in domestic offices $401,520
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,318

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $352,817
    Loan and leases loss allowance $8,907
    Total loans and leases (domestic) $361,724
    All real estate loans $243,651
    Real estate loans in domestic offices $243,651
    Construction and development loans $22,486
    Residential 1-4 family construction $3,721
    Other construction, all land development and other land $18,765
    Loans secured by nonfarm nonresidential properties $145,337
    Nonfarm nonresidential secured by owner-occupied properties $97,379
    Commercial real estate & other non-farm, non-residential $47,958
    Multifamily residential real estate $23,549
    1-4 family residential loans $38,375
    Farmland loans $13,904
    Loans held in foreign offices $0
    Farm loans $14,908
    Commercial and industrial loans $91,219
    To non-U.S. addressees $0
    Loans to individuals $3,797
    Credit card loans $158
    Related Plans $0
    Consumer Auto Loans $177
    Other loans to individuals $3,462
    All other loans & leases $8,149
    Loans to foreign governments and official institutions $0
    Other loans $7,444
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,264
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $57
    Non 1-4 family restructured loans & leases $57
    Total loans and leases (foreign) $0

    Northwestern Bank had $352,817,000 of loans outstanding in 2019. $243,651,000 of loans were in real estate loans. $22,486,000 of loans were in development loans. $23,549,000 of loans were in multifamily mortgage loans. $38,375,000 of loans were in 1-4 family mortgage loans. $14,908,000 of loans were in farm loans. $158,000 of loans were in credit card loans. $177,000 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 185 $55,367 $299,281
    Nonfarm, nonresidential loans - <$100k 40 $1,945 $48,625
    Nonfarm, nonresidential loans - $100-250k 55 $8,059 $146,527
    Nonfarm, nonresidential loans - $250k-1MM 90 $45,363 $504,033
    Commercial & Industrial, US addressed loans - <$1MM 483 $37,734 $78,124
    Commercial & Industrial, US addressed loans - <$100k 318 $6,731 $21,167
    Commercial & Industrial, US addressed loans - $100-250k 87 $9,217 $105,943
    Commercial & Industrial, US addressed loans - $250k-1MM 78 $21,786 $279,308
    Farmland loans - <$1MM 54 $7,006 $129,741
    Farmland loans - <$100k 25 $1,095 $43,800
    Farmland loans - $100-250k 20 $2,775 $138,750
    Farmland loans - $250k-1MM 9 $3,136 $348,444
    Agriculture operations loans - <$1MM 63 $2,895 $45,952
    Agriculture operations loans - <$100k 55 $1,483 $26,964
    Agriculture operations loans - $100-250k 7 $973 $139,000
    Agriculture operations loans - $250k-1MM 1 $439 $439,000