Woodtrust Bank Mortgage Rates, Fees & Info

Wisconsin Rapids, WI

LEI: 5493000JCZ0GMM2WOD15

Tax ID: 39-0720440

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Mortgage Data

Bank Data

Review & Overview

Woodtrust Bank is a smaller bank specializing in Home Purchase loans. Woodtrust Bank has a high proportion of conventional loans. Their top markets by origination volume include: Stevens Point, Wisconsin Rapids, Wausau, Phoenix, and Minneapolis among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

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

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Originations

106

Origination Dollar Volume (All Markets)

$20,690,000

Employee count

87

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
Stevens Point, WI (FHA|USDA|VA) 19 $7,135,000 $375,526 $0 0.00%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 45 $3,845,000 $85,444 $0 0.00%
WAUSAU-WESTON, WI (FHA|USDA|VA) 13 $3,415,000 $262,692 $0 0.00%
Outside of Metro Areas 14 $2,710,000 $193,571 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $625,000 $625,000 $0 0.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $610,000 $305,000 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $480,000 $240,000 $0 0.00%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
MADISON, WI (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
PITTSBURGH, PA (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
GREEN BAY, WI (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Marinette, WI-MI (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
DULUTH, MN-WI (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Woodtrust Bank's top markets include Stevens Point, Wisconsin Rapids, Wausau, Phoenix, and Minneapolis among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 106 $20,690,000 $195,189 $0 0.00%

    For 2018, Woodtrust Bank's most frequently originated type of loan was Conventional, with 106 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 59 $12,025,000 $203,814 $0 0.00%
    Cash Out Refi 16 $3,450,000 $215,625 $0 0.00%
    Other 12 $1,140,000 $95,000 $0 0.00%
    Refi 10 $3,410,000 $341,000 $0 0.00%
    Home Improvement 9 $665,000 $73,889 $0 0.00%

    For 2018, Woodtrust Bank's most frequently cited loan purpose was Home Purchase, with 59 originations. The 2nd most popular reason was Cash Out Refi, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 106 $20,690,000 $195,189 $0 0.00%

    For 2018, Woodtrust Bank's most frequently cited loan duration was Other, with 106 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 42 $2,160,000 $51,429 $0 0.00%
    $100k-200k 27 $4,015,000 $148,704 $0 0.00%
    $200k-400k 27 $7,435,000 $275,370 $0 0.00%
    $400k-600k 6 $2,770,000 $461,667 $0 0.00%
    $600k-1MM 3 $2,455,000 $818,333 $0 0.00%
    $1MM+ 1 $1,855,000 $1,855,000 $0 0.00%

    2018 saw Woodtrust Bank place emphasis on $100,000 or less loans with 42 originations, totaling $2,160,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 25 $1,645,000 $65,800 $0 0.00%
    $50k-75k 18 $2,080,000 $115,556 $0 0.00%
    $75k-100k 14 $2,340,000 $167,143 $0 0.00%
    $100k-150k 12 $2,040,000 $170,000 $0 0.00%
    $150k-250k 9 $2,275,000 $252,778 $0 0.00%
    $250k+ 7 $3,245,000 $463,571 $0 0.00%

    Woodtrust Bank lent most frequently to those with incomes in the $50k or less range, with 25 originations. The second most popular income band? $50k-75k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 106 $20,690,000 $195,189 $0 0.00%

    Woodtrust Bank lent most frequently to those with DTI ratios of Exempt%, with 106 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 80 $11,860,000 $148,250 $0 0.00%
    Not applicable 16 $6,580,000 $411,250 $0 0.00%
    Not provided 10 $2,250,000 $225,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.19%

    Woodtrust Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.34%

    Woodtrust Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 106 $20,690,000 $195,189

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $3,485,000 $697,000
    Single Family (1-4 Units):Site-Built 101 $17,205,000 $170,347

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    WATERSTONE MORTGAGE CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    WATERSTONE MORTGAGE CORPORATION Conventional home mortgage Closing on a mortgage 1 33.3%
    WATERSTONE MORTGAGE CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    WOODTRUST BANK 110 Third Street North Wisconsin Rapids, WI 54494 Limited, Drive-thru $0
    WOODTRUST BANK 181 Second Street South Wisconsin Rapids, WI 54494 Full Service B&M $231,279
    WOODTRUST BANK 1900 Plover Road Plover, WI 54467 Full Service B&M $25,897
    WOODTRUST BANK 210 East Bridge Street Wausau, WI 54403 Full Service B&M $2,631
    WOODTRUST BANK 2651 8th Street South Wisconsin Rapids, WI 54494 Full Service B&M $52,120
    WOODTRUST BANK 4510 Kellner Road Grand Rapids Township, WI 54494 Full Service B&M $7,060
    WOODTRUST BANK 500 1st Street, Suite 1000 Wausau, WI 54403 Full Service B&M $7,863

    For 2018, Woodtrust Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,066
    Net interest income $13,208
    Total noninterest income $11,786
    Gross Fiduciary activities income $9,946
    Service charges on deposit accounts $992
    Trading account gains and fees $0
    Additional Noninterest Income $848
    Pre-tax net operating income $13,342
    Securities gains (or losses, -) $-841
    Income before extraordinary items $12,456
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,456
    Minority interest net income $0
    Net income $12,456
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $13,297

    Woodtrust Bank's gross interest income from loans was $14,066,000.
    Woodtrust Bank's net interest income from loans was $13,208,000.
    Woodtrust Bank's fee based income from loans was $992,000.
    Woodtrust Bank's net income from loans was $12,456,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $858
    Provision for credit losses $175
    Total noninterest expense $11,477
    Salaries and employee benefits $6,900
    Premises and equipment expense $948
    Additional noninterest expense $3,629
    Applicable income taxes $45
    Net charge-offs $-195
    Cash dividends $12,331

    Woodtrust Bank's interest expense for loans was $858,000.
    Woodtrust Bank's payroll and benefits expense were $6,900,000.
    Woodtrust Bank's property, plant and equipment expenses $948,000.

    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 4.0%
    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 $347,649
    Deposits held in domestic offices $347,649
    Deposits by Individuals, partnerships, and corporations $332,118
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $11,543
    Deposits by Commercial banks and other depository institutions in U.S. $3,988
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $35,693
    Demand deposits $25,622
    Nontransaction accounts $311,956
    Money market deposit accounts (MMDAs) $125,630
    Other savings deposits (excluding MMDAs) $155,243
    Total time deposits $31,082
    Total time and savings deposits $322,027
    Noninterest-bearing deposits $82,884
    Interest-bearing deposits $264,765
    Retail deposits $341,895
    IRAs and Keogh plan accounts $10,748
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $420,967
    Cash & Balances due from depository institutions $59,131
    Interest-bearing balances $50,106
    Total securities $101,251
    Federal funds sold & reverse repurchase $0
    Net loans and leases $253,499
    Loan and leases loss allowance $3,927
    Trading account assets $0
    Bank premises and fixed assets $2,918
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $4,168

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $420,967
    Total Liabilities $381,404
    Total deposits $347,649
    Interest-bearing deposits $264,765
    Deposits held in domestic offices $347,649
    % insured (estimated) $58
    Federal funds purchased and repurchase agreements $30,870
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,885

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $253,499
    Loan and leases loss allowance $3,927
    Total loans and leases (domestic) $257,426
    All real estate loans $208,500
    Real estate loans in domestic offices $208,500
    Construction and development loans $11,025
    Residential 1-4 family construction $1,684
    Other construction, all land development and other land $9,341
    Loans secured by nonfarm nonresidential properties $125,517
    Nonfarm nonresidential secured by owner-occupied properties $31,568
    Commercial real estate & other non-farm, non-residential $93,949
    Multifamily residential real estate $24,703
    1-4 family residential loans $33,787
    Farmland loans $13,468
    Loans held in foreign offices $0
    Farm loans $2,757
    Commercial and industrial loans $42,161
    To non-U.S. addressees $0
    Loans to individuals $4,002
    Credit card loans $1,264
    Related Plans $0
    Consumer Auto Loans $387
    Other loans to individuals $2,351
    All other loans & leases $6
    Loans to foreign governments and official institutions $0
    Other loans $6
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,577
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,913
    Non 1-4 family restructured loans & leases $1,913
    Total loans and leases (foreign) $0

    WOODTRUST BANK had $253,499,000 of loans outstanding in 2018. $208,500,000 of loans were in real estate loans. $11,025,000 of loans were in development loans. $24,703,000 of loans were in multifamily mortgage loans. $33,787,000 of loans were in 1-4 family mortgage loans. $2,757,000 of loans were in farm loans. $1,264,000 of loans were in credit card loans. $387,000 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 82 $19,031 $232,085
    Nonfarm, nonresidential loans - <$100k 20 $815 $40,750
    Nonfarm, nonresidential loans - $100-250k 22 $2,470 $112,273
    Nonfarm, nonresidential loans - $250k-1MM 40 $15,746 $393,650
    Commercial & Industrial, US addressed loans - <$1MM 181 $18,921 $104,536
    Commercial & Industrial, US addressed loans - <$100k 61 $1,801 $29,525
    Commercial & Industrial, US addressed loans - $100-250k 31 $3,238 $104,452
    Commercial & Industrial, US addressed loans - $250k-1MM 89 $13,882 $155,978
    Farmland loans - <$1MM 12 $2,326 $193,833
    Farmland loans - <$100k 3 $133 $44,333
    Farmland loans - $100-250k 2 $278 $139,000
    Farmland loans - $250k-1MM 7 $1,915 $273,571
    Agriculture operations loans - <$1MM 9 $748 $83,111
    Agriculture operations loans - <$100k 4 $63 $15,750
    Agriculture operations loans - $100-250k 2 $184 $92,000
    Agriculture operations loans - $250k-1MM 3 $501 $167,000