Wisconsin River Bank Mortgage Rates, Fees & Info

Sauk City, WI

LEI: 254900ZF5TG4BM7Y8P59

Tax ID: 39-1775770

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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

    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, Rochester, Madison, Marshall, and Baraboo among others. We have data for 11 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.

    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

    153

    Origination Dollar Volume (All Markets)

    $27,145,000

    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) 114 $14,330,000 $125,702 $0 0.00%
    ROCHESTER, MN (FHA|USDA|VA) 2 $4,430,000 $2,215,000 $0 0.00%
    MADISON, WI (FHA|USDA|VA) 15 $2,775,000 $185,000 $0 0.00%
    Marshall, MN (FHA|USDA|VA) 1 $2,725,000 $2,725,000 $0 0.00%
    Baraboo, WI (FHA|USDA|VA) 9 $1,155,000 $128,333 $0 0.00%
    Whitewater, WI (FHA|USDA|VA) 3 $575,000 $191,667 $0 0.00%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
    Outside of Metro Areas 3 $255,000 $85,000 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $245,000 $81,667 $0 0.00%
    ROCKFORD, IL (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Beaver Dam, WI (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Wisconsin River Bank's top markets include Janesville, Rochester, Madison, Marshall, and Baraboo among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 153 $27,145,000 $177,418 $0 0.00%

    For 2019, Wisconsin River Bank's most frequently originated type of loan was Conventional, with 153 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 92 $16,360,000 $177,826 $0 0.00%
    Refi 53 $10,065,000 $189,906 $0 0.00%
    Home Improvement 5 $595,000 $119,000 $0 0.00%
    Other 3 $125,000 $41,667 $0 0.00%

    For 2019, Wisconsin River Bank's most frequently cited loan purpose was Home Purchase, with 92 originations. The 2nd most popular reason was Refi, with 53 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 153 $27,145,000 $177,418 $0 0.00%

    For 2019, Wisconsin River Bank's most frequently cited loan duration was Other, with 153 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 98 $5,340,000 $54,490 $0 0.00%
    $100k-200k 26 $3,490,000 $134,231 $0 0.00%
    $200k-400k 17 $4,475,000 $263,235 $0 0.00%
    $1MM+ 4 $8,730,000 $2,182,500 $0 0.00%
    $400k-600k 4 $2,090,000 $522,500 $0 0.00%
    $600k-1MM 4 $3,020,000 $755,000 $0 0.00%

    2019 saw Wisconsin River Bank place emphasis on $100,000 or less loans with 98 originations, totaling $5,340,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 12 $1,160,000 $96,667 $0 0.00%
    $250k+ 11 $2,565,000 $233,182 $0 0.00%
    $75k-100k 9 $1,195,000 $132,778 $0 0.00%
    $100k-150k 7 $1,175,000 $167,857 $0 0.00%
    $50k-75k 7 $1,465,000 $209,286 $0 0.00%
    $50k or less 5 $225,000 $45,000 $0 0.00%

    Wisconsin River Bank lent most frequently to those with incomes in the $150k-250k range, with 12 originations. The second most popular income band? $250k+, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 153 $27,145,000 $177,418 $0 0.00%

    Wisconsin River Bank lent most frequently to those with DTI ratios of Exempt%, with 153 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 102 $19,360,000 $189,804 $0 0.00%
    White 46 $7,240,000 $157,391 $0 0.00%
    Black 5 $545,000 $109,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.15%

    Wisconsin River Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.20%

    Wisconsin River Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 153 $27,145,000 $177,418

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 24 $15,490,000 $645,417
    Single Family (1-4 Units):Manufactured 2 $120,000 $60,000
    Single Family (1-4 Units):Site-Built 127 $11,535,000 $90,827

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Wisconsin Title Group, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    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 $18,525
    Wisconsin River Bank 220 N. Main Street Lodi, WI 53555 Full Service B&M $26,415
    Wisconsin River Bank 608 Phillips Boulevard Sauk City, WI 53583 Full Service B&M $62,209

    For 2019, Wisconsin River Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,535
    Net interest income $4,464
    Total noninterest income $150
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $85
    Trading account gains and fees $0
    Additional Noninterest Income $65
    Pre-tax net operating income $1,781
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,327
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,327
    Minority interest net income $0
    Net income $1,327
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,327

    Wisconsin River Bank's gross interest income from loans was $6,535,000.
    Wisconsin River Bank's net interest income from loans was $4,464,000.
    Wisconsin River Bank's fee based income from loans was $85,000.
    Wisconsin River Bank's net income from loans was $1,327,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,071
    Provision for credit losses $240
    Total noninterest expense $2,593
    Salaries and employee benefits $1,690
    Premises and equipment expense $357
    Additional noninterest expense $546
    Applicable income taxes $454
    Net charge-offs $0
    Cash dividends $0

    Wisconsin River Bank's interest expense for loans was $2,071,000.
    Wisconsin River Bank's payroll and benefits expense were $1,690,000.
    Wisconsin River Bank's property, plant and equipment expenses $357,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 3.0%
    Real Estate loans 3.0%
    Construction & Land Development loans 5.0%
    Nonfarm, nonresidential loans 4.0%
    Multifamily residential loans 7.0%
    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 $110,525
    Deposits held in domestic offices $110,525
    Deposits by Individuals, partnerships, and corporations $105,969
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $3,809
    Deposits by Commercial banks and other depository institutions in U.S. $747
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $19,368
    Demand deposits $17,859
    Nontransaction accounts $91,157
    Money market deposit accounts (MMDAs) $24,980
    Other savings deposits (excluding MMDAs) $7,774
    Total time deposits $58,403
    Total time and savings deposits $92,666
    Noninterest-bearing deposits $17,859
    Interest-bearing deposits $92,666
    Retail deposits $88,487
    IRAs and Keogh plan accounts $3,152
    Brokered deposits $16,157
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $147,046
    Cash & Balances due from depository institutions $8,004
    Interest-bearing balances $5,068
    Total securities $10,345
    Federal funds sold & reverse repurchase $5,860
    Net loans and leases $117,834
    Loan and leases loss allowance $2,032
    Trading account assets $0
    Bank premises and fixed assets $2,974
    Other real estate owned $262
    Goodwill and other intangibles $0
    All other assets $1,767

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $147,046
    Total Liabilities $131,651
    Total deposits $110,525
    Interest-bearing deposits $92,666
    Deposits held in domestic offices $110,525
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $3,061
    Trading liabilities $0
    Other borrowed funds $17,000
    Subordinated debt $0
    All other liabilities $1,065

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $117,834
    Loan and leases loss allowance $2,032
    Total loans and leases (domestic) $119,866
    All real estate loans $111,780
    Real estate loans in domestic offices $111,780
    Construction and development loans $10,884
    Residential 1-4 family construction $2,540
    Other construction, all land development and other land $8,344
    Loans secured by nonfarm nonresidential properties $25,419
    Nonfarm nonresidential secured by owner-occupied properties $13,837
    Commercial real estate & other non-farm, non-residential $11,582
    Multifamily residential real estate $20,513
    1-4 family residential loans $45,195
    Farmland loans $9,769
    Loans held in foreign offices $0
    Farm loans $678
    Commercial and industrial loans $6,760
    To non-U.S. addressees $0
    Loans to individuals $634
    Credit card loans $0
    Related Plans $11
    Consumer Auto Loans $332
    Other loans to individuals $291
    All other loans & leases $14
    Loans to foreign governments and official institutions $0
    Other loans $14
    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 $18
    Non 1-4 family restructured loans & leases $18
    Total loans and leases (foreign) $0

    Wisconsin River Bank had $117,834,000 of loans outstanding in 2019. $111,780,000 of loans were in real estate loans. $10,884,000 of loans were in development loans. $20,513,000 of loans were in multifamily mortgage loans. $45,195,000 of loans were in 1-4 family mortgage loans. $678,000 of loans were in farm loans. $0 of loans were in credit card loans. $332,000 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 93 $16,735 $179,946
    Nonfarm, nonresidential loans - <$100k 23 $911 $39,609
    Nonfarm, nonresidential loans - $100-250k 33 $4,727 $143,242
    Nonfarm, nonresidential loans - $250k-1MM 37 $11,097 $299,919
    Commercial & Industrial, US addressed loans - <$1MM 147 $6,760 $45,986
    Commercial & Industrial, US addressed loans - <$100k 122 $2,646 $21,689
    Commercial & Industrial, US addressed loans - $100-250k 19 $1,345 $70,789
    Commercial & Industrial, US addressed loans - $250k-1MM 6 $2,769 $461,500
    Farmland loans - <$1MM 38 $4,587 $120,711
    Farmland loans - <$100k 12 $320 $26,667
    Farmland loans - $100-250k 18 $2,080 $115,556
    Farmland loans - $250k-1MM 8 $2,187 $273,375
    Agriculture operations loans - <$1MM 16 $678 $42,375
    Agriculture operations loans - <$100k 12 $201 $16,750
    Agriculture operations loans - $100-250k 2 $105 $52,500
    Agriculture operations loans - $250k-1MM 2 $372 $186,000