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: Janesville, Baraboo, Madison, Milwaukee, and Chicago among others. We have data for 8 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

148

Origination Dollar Volume (All Markets)

$25,490,000

Employee count

26

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
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 101 $13,755,000 $136,188 $0 0.00%
Baraboo, WI (FHA|USDA|VA) 2 $5,130,000 $2,565,000 $0 0.00%
MADISON, WI (FHA|USDA|VA) 11 $2,035,000 $185,000 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 15 $2,035,000 $135,667 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 15 $1,405,000 $93,667 $0 0.00%
Whitewater, WI (FHA|USDA|VA) 1 $805,000 $805,000 $0 0.00%
ROCKFORD, IL (FHA|USDA|VA) 2 $190,000 $95,000 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Wisconsin River Bank's top markets include Janesville, Baraboo, Madison, Milwaukee, and Chicago among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 148 $25,490,000 $172,230 $0 0.00%

    For 2018, Wisconsin River Bank's most frequently originated type of loan was Conventional, with 148 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 86 $12,910,000 $150,116 $0 0.00%
    Refi 40 $8,400,000 $210,000 $0 0.00%
    Cash Out Refi 21 $4,125,000 $196,429 $0 0.00%
    Home Improvement 1 $55,000 $55,000 $0 0.00%

    For 2018, Wisconsin River Bank's most frequently cited loan purpose was Home Purchase, with 86 originations. The 2nd most popular reason was Refi, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 148 $25,490,000 $172,230 $0 0.00%

    For 2018, Wisconsin River 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 95 $5,205,000 $54,789 $0 0.00%
    $100k-200k 27 $3,605,000 $133,519 $0 0.00%
    $200k-400k 14 $3,470,000 $247,857 $0 0.00%
    $1MM+ 4 $8,020,000 $2,005,000 $0 0.00%
    $400k-600k 4 $1,930,000 $482,500 $0 0.00%
    $600k-1MM 4 $3,260,000 $815,000 $0 0.00%

    2018 saw Wisconsin River Bank place emphasis on $100,000 or less loans with 95 originations, totaling $5,205,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 10 $1,200,000 $120,000 $0 0.00%
    $50k-75k 8 $620,000 $77,500 $0 0.00%
    $250k+ 7 $2,515,000 $359,286 $0 0.00%
    $50k or less 3 $205,000 $68,333 $0 0.00%
    $75k-100k 3 $85,000 $28,333 $0 0.00%
    $150k-250k 1 $225,000 $225,000 $0 0.00%

    Wisconsin River Bank lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $50k-75k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 148 $25,490,000 $172,230 $0 0.00%

    Wisconsin River 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
    Not applicable 116 $20,640,000 $177,931 $0 0.00%
    White 30 $4,680,000 $156,000 $0 0.00%
    Asian 2 $170,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.56%

    Wisconsin River Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.54%

    Wisconsin River Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 148 $25,490,000 $172,230

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 28 $14,860,000 $530,714
    Single Family (1-4 Units):Site-Built 120 $10,630,000 $88,583

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Conventional home mortgage Closing on a mortgage 1 14.3%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Conventional home mortgage Struggling to pay mortgage 1 14.3%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 1 14.3%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION FHA mortgage Struggling to pay mortgage 1 14.3%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Other type of mortgage Closing on a mortgage 3 42.9%

    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 $15,354
    Wisconsin River Bank 220 N. Main Street Lodi, WI 53555 Full Service B&M $24,420
    Wisconsin River Bank 608 Phillips Boulevard Sauk City, WI 53583 Full Service B&M $55,874

    For 2018, Wisconsin River Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,682
    Net interest income $4,491
    Total noninterest income $126
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $74
    Trading account gains and fees $0
    Additional Noninterest Income $52
    Pre-tax net operating income $1,911
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,296
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,296
    Minority interest net income $0
    Net income $1,296
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,296

    Wisconsin River Bank's gross interest income from loans was $5,682,000.
    Wisconsin River Bank's net interest income from loans was $4,491,000.
    Wisconsin River Bank's fee based income from loans was $74,000.
    Wisconsin River Bank's net income from loans was $1,296,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,191
    Provision for credit losses $240
    Total noninterest expense $2,466
    Salaries and employee benefits $1,659
    Premises and equipment expense $327
    Additional noninterest expense $480
    Applicable income taxes $615
    Net charge-offs $-2
    Cash dividends $0

    Wisconsin River Bank's interest expense for loans was $1,191,000.
    Wisconsin River Bank's payroll and benefits expense were $1,659,000.
    Wisconsin River Bank's property, plant and equipment expenses $327,000.

    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 $94,321
    Deposits held in domestic offices $94,321
    Deposits by Individuals, partnerships, and corporations $77,968
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $3,098
    Deposits by Commercial banks and other depository institutions in U.S. $13,255
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $18,518
    Demand deposits $17,172
    Nontransaction accounts $75,803
    Money market deposit accounts (MMDAs) $23,848
    Other savings deposits (excluding MMDAs) $7,441
    Total time deposits $44,514
    Total time and savings deposits $77,149
    Noninterest-bearing deposits $17,172
    Interest-bearing deposits $77,149
    Retail deposits $82,283
    IRAs and Keogh plan accounts $2,747
    Brokered deposits $5,663
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $126,462
    Cash & Balances due from depository institutions $3,293
    Interest-bearing balances $1,290
    Total securities $5,078
    Federal funds sold & reverse repurchase $128
    Net loans and leases $113,153
    Loan and leases loss allowance $1,792
    Trading account assets $0
    Bank premises and fixed assets $3,008
    Other real estate owned $398
    Goodwill and other intangibles $0
    All other assets $1,404

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $126,462
    Total Liabilities $112,529
    Total deposits $94,321
    Interest-bearing deposits $77,149
    Deposits held in domestic offices $94,321
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $2,506
    Trading liabilities $0
    Other borrowed funds $15,000
    Subordinated debt $0
    All other liabilities $702

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $113,153
    Loan and leases loss allowance $1,792
    Total loans and leases (domestic) $114,945
    All real estate loans $104,298
    Real estate loans in domestic offices $104,298
    Construction and development loans $10,201
    Residential 1-4 family construction $4,289
    Other construction, all land development and other land $5,912
    Loans secured by nonfarm nonresidential properties $26,435
    Nonfarm nonresidential secured by owner-occupied properties $13,183
    Commercial real estate & other non-farm, non-residential $13,252
    Multifamily residential real estate $16,995
    1-4 family residential loans $40,003
    Farmland loans $10,664
    Loans held in foreign offices $0
    Farm loans $785
    Commercial and industrial loans $6,614
    To non-U.S. addressees $0
    Loans to individuals $711
    Credit card loans $0
    Related Plans $14
    Consumer Auto Loans $351
    Other loans to individuals $346
    All other loans & leases $2,537
    Loans to foreign governments and official institutions $0
    Other loans $5
    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 $20
    Non 1-4 family restructured loans & leases $20
    Total loans and leases (foreign) $0

    Wisconsin River Bank had $113,153,000 of loans outstanding in 2018. $104,298,000 of loans were in real estate loans. $10,201,000 of loans were in development loans. $16,995,000 of loans were in multifamily mortgage loans. $40,003,000 of loans were in 1-4 family mortgage loans. $785,000 of loans were in farm loans. $0 of loans were in credit card loans. $351,000 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 99 $18,715 $189,040
    Nonfarm, nonresidential loans - <$100k 24 $1,062 $44,250
    Nonfarm, nonresidential loans - $100-250k 37 $5,286 $142,865
    Nonfarm, nonresidential loans - $250k-1MM 38 $12,367 $325,447
    Commercial & Industrial, US addressed loans - <$1MM 147 $5,745 $39,082
    Commercial & Industrial, US addressed loans - <$100k 118 $2,976 $25,220
    Commercial & Industrial, US addressed loans - $100-250k 25 $1,831 $73,240
    Commercial & Industrial, US addressed loans - $250k-1MM 4 $938 $234,500
    Farmland loans - <$1MM 45 $5,718 $127,067
    Farmland loans - <$100k 16 $492 $30,750
    Farmland loans - $100-250k 19 $2,191 $115,316
    Farmland loans - $250k-1MM 10 $3,035 $303,500
    Agriculture operations loans - <$1MM 23 $785 $34,130
    Agriculture operations loans - <$100k 17 $296 $17,412
    Agriculture operations loans - $100-250k 4 $150 $37,500
    Agriculture operations loans - $250k-1MM 2 $339 $169,500