Wisconsin River Bank Mortgage Rates, Fees & Info

Sauk City, WI

LEI: 254900ZF5TG4BM7Y8P59

Tax ID: 39-1775770

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Mortgage Data

Bank Data

Review & Overview

Wisconsin River Bank is a smaller bank specializing in Home Purchase and Refi loans. Wisconsin River Bank has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, Janesville, Madison, Peoria, and La Crosse among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

Wisconsin River Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

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Originations

102

Origination Dollar Volume (All Markets)

$74,810,000

Employee count

24

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
SPRINGFIELD, IL (FHA|USDA|VA) 1 $26,625,000 $26,625,000 $0 0.00%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 67 $11,985,000 $178,881 $0 0.00%
MADISON, WI (FHA|USDA|VA) 6 $7,740,000 $1,290,000 $0 0.00%
PEORIA, IL (FHA|USDA|VA) 1 $5,685,000 $5,685,000 $0 0.00%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $5,045,000 $5,045,000 $0 0.00%
Quincy, IL-MO (FHA|USDA|VA) 1 $4,035,000 $4,035,000 $0 0.00%
Marshall, MN (FHA|USDA|VA) 1 $3,085,000 $3,085,000 $0 0.00%
Outside of Metro Areas 4 $2,610,000 $652,500 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $2,510,000 $1,255,000 $0 0.00%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 2 $1,660,000 $830,000 $0 0.00%
Whitewater, WI (FHA|USDA|VA) 3 $1,305,000 $435,000 $0 0.00%
Baraboo, WI (FHA|USDA|VA) 4 $990,000 $247,500 $0 0.00%
ROCKFORD, IL (FHA|USDA|VA) 4 $850,000 $212,500 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $330,000 $165,000 $0 0.00%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
Freeport, IL (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
Platteville, WI (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
Wisconsin River Bank's top markets include Springfield, Janesville, Madison, Peoria, and La Crosse among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 102 $74,810,000 $733,431 $0 0.00%

    For 2021, Wisconsin River Bank's most frequently originated type of loan was Conventional, with 102 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 83 $55,335,000 $666,687 $0 0.00%
    Refi 19 $19,475,000 $1,025,000 $0 0.00%

    For 2021, Wisconsin River Bank's most frequently cited loan purpose was Home Purchase, with 83 originations. The 2nd most popular reason was Refi, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 102 $74,810,000 $733,431 $0 0.00%

    For 2021, Wisconsin River Bank's most frequently cited loan duration was Other, with 102 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 42 $2,690,000 $64,048 $0 0.00%
    $100k-200k 24 $3,310,000 $137,917 $0 0.00%
    $200k-400k 18 $4,620,000 $256,667 $0 0.00%
    $1MM+ 12 $60,130,000 $5,010,833 $0 0.00%
    $400k-600k 3 $1,475,000 $491,667 $0 0.00%
    $600k-1MM 3 $2,585,000 $861,667 $0 0.00%

    2021 saw Wisconsin River Bank place emphasis on $100,000 or less loans with 42 originations, totaling $2,690,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 12 $990,000 $82,500 $0 0.00%
    $50k or less 12 $1,030,000 $85,833 $0 0.00%
    $250k+ 7 $2,625,000 $375,000 $0 0.00%
    $75k-100k 5 $1,055,000 $211,000 $0 0.00%
    $150k-250k 2 $330,000 $165,000 $0 0.00%
    $50k-75k 1 $85,000 $85,000 $0 0.00%

    Wisconsin River Bank lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $50k or less, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 102 $74,810,000 $733,431 $0 0.00%

    Wisconsin River Bank lent most frequently to those with DTI ratios of Exempt%, with 102 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 62 $68,500,000 $1,104,839 $0 0.00%
    White 39 $6,115,000 $156,795 $0 0.00%
    Asian 1 $195,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.80%

    Wisconsin River Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.12%

    Wisconsin River Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 102 $74,810,000 $733,431

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    102 $74,810,000 $733,431

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Conventional home mortgage Closing on a mortgage 1 16.7%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 3 50.0%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Wisconsin River Bank 1101 North Parker Drive Janesville, WI 53545 Full Service B&M $19,362
    Wisconsin River Bank 220 N. Main Street Lodi, WI 53555 Full Service B&M $31,860
    Wisconsin River Bank 608 Phillips Boulevard Sauk City, WI 53583 Full Service B&M $89,060

    For 2021, Wisconsin River Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,952
    Net interest income $5,972
    Total noninterest income $280
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $54
    Trading account gains and fees $0
    Additional Noninterest Income $226
    Pre-tax net operating income $3,167
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,339
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,339
    Minority interest net income $0
    Net income $2,339
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,339

    Wisconsin River Bank's gross interest income from loans was $6,952,000.
    Wisconsin River Bank's net interest income from loans was $5,972,000.
    Wisconsin River Bank's fee based income from loans was $54,000.
    Wisconsin River Bank's net income from loans was $2,339,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $980
    Provision for credit losses $75
    Total noninterest expense $3,010
    Salaries and employee benefits $1,995
    Premises and equipment expense $388
    Additional noninterest expense $627
    Applicable income taxes $828
    Net charge-offs $0
    Cash dividends $0

    Wisconsin River Bank's interest expense for loans was $980,000.
    Wisconsin River Bank's payroll and benefits expense were $1,995,000.
    Wisconsin River Bank's property, plant and equipment expenses $388,000.

    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 $150,945
    Deposits held in domestic offices $150,945
    Deposits by Individuals, partnerships, and corporations $139,942
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $7,879
    Deposits by Commercial banks and other depository institutions in U.S. $3,124
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $35,148
    Demand deposits $26,289
    Nontransaction accounts $115,797
    Money market deposit accounts (MMDAs) $47,681
    Other savings deposits (excluding MMDAs) $12,307
    Total time deposits $55,809
    Total time and savings deposits $124,656
    Noninterest-bearing deposits $26,289
    Interest-bearing deposits $124,656
    Retail deposits $116,636
    IRAs and Keogh plan accounts $3,134
    Brokered deposits $34,862
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $182,057
    Cash & Balances due from depository institutions $16,915
    Interest-bearing balances $12,184
    Total securities $4,736
    Federal funds sold & reverse repurchase $9,099
    Net loans and leases $146,582
    Loan and leases loss allowance $2,399
    Trading account assets $0
    Bank premises and fixed assets $2,782
    Other real estate owned $147
    Goodwill and other intangibles $0
    All other assets $1,796

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $182,057
    Total Liabilities $162,476
    Total deposits $150,945
    Interest-bearing deposits $124,656
    Deposits held in domestic offices $150,945
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $11,000
    Subordinated debt $0
    All other liabilities $531

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $146,582
    Loan and leases loss allowance $2,399
    Total loans and leases (domestic) $148,981
    All real estate loans $144,340
    Real estate loans in domestic offices $144,340
    Construction and development loans $13,965
    Residential 1-4 family construction $2,309
    Other construction, all land development and other land $11,656
    Loans secured by nonfarm nonresidential properties $33,761
    Nonfarm nonresidential secured by owner-occupied properties $16,271
    Commercial real estate & other non-farm, non-residential $17,490
    Multifamily residential real estate $31,857
    1-4 family residential loans $56,450
    Farmland loans $8,307
    Loans held in foreign offices $0
    Farm loans $473
    Commercial and industrial loans $3,550
    To non-U.S. addressees $0
    Loans to individuals $295
    Credit card loans $0
    Related Plans $7
    Consumer Auto Loans $113
    Other loans to individuals $175
    All other loans & leases $323
    Loans to foreign governments and official institutions $0
    Other loans $323
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Wisconsin River Bank had $146,582,000 of loans outstanding in 2021. $144,340,000 of loans were in real estate loans. $13,965,000 of loans were in development loans. $31,857,000 of loans were in multifamily mortgage loans. $56,450,000 of loans were in 1-4 family mortgage loans. $473,000 of loans were in farm loans. $0 of loans were in credit card loans. $113,000 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 68 $15,915 $234,044
    Nonfarm, nonresidential loans - <$100k 13 $495 $38,077
    Nonfarm, nonresidential loans - $100-250k 25 $3,197 $127,880
    Nonfarm, nonresidential loans - $250k-1MM 30 $12,223 $407,433
    Commercial & Industrial, US addressed loans - <$1MM 99 $3,550 $35,859
    Commercial & Industrial, US addressed loans - <$100k 84 $1,729 $20,583
    Commercial & Industrial, US addressed loans - $100-250k 13 $1,107 $85,154
    Commercial & Industrial, US addressed loans - $250k-1MM 2 $714 $357,000
    Farmland loans - <$1MM 27 $2,513 $93,074
    Farmland loans - <$100k 8 $156 $19,500
    Farmland loans - $100-250k 12 $1,364 $113,667
    Farmland loans - $250k-1MM 7 $993 $141,857
    Agriculture operations loans - <$1MM 12 $473 $39,417
    Agriculture operations loans - <$100k 11 $273 $24,818
    Agriculture operations loans - $250k-1MM 1 $200 $200,000