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 and Cash Out Refi loans. Woodtrust Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wausau, Tucson, Wisconsin Rapids, Stevens Point, and New York among others. We have data for 14 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

135

Origination Dollar Volume (All Markets)

$42,615,000

Employee count

83

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
WAUSAU-WESTON, WI (FHA|USDA|VA) 23 $9,935,000 $431,957 $0 0.00%
TUCSON, AZ (FHA|USDA|VA) 1 $8,505,000 $8,505,000 $0 0.00%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 59 $7,125,000 $120,763 $0 0.00%
Stevens Point, WI (FHA|USDA|VA) 23 $5,455,000 $237,174 $0 0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $4,885,000 $4,885,000 $0 0.00%
Outside of Metro Areas 16 $3,410,000 $213,125 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $1,150,000 $575,000 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 3 $825,000 $275,000 $0 0.00%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $190,000 $95,000 $0 0.00%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
DULUTH, MN-WI (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
MADISON, WI (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Woodtrust Bank's top markets include Wausau, Tucson, Wisconsin Rapids, Stevens Point, and New York among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 135 $42,615,000 $315,667 $0 0.00%

    For 2019, Woodtrust Bank's most frequently originated type of loan was Conventional, with 135 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 44 $14,340,000 $325,909 $0 0.00%
    Refi 40 $7,150,000 $178,750 $0 0.00%
    Cash Out Refi 27 $18,985,000 $703,148 $0 0.00%
    Other 14 $1,580,000 $112,857 $0 0.00%
    Home Improvement 10 $560,000 $56,000 $0 0.00%

    For 2019, Woodtrust Bank's most frequently cited loan purpose was Home Purchase, with 44 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 135 $42,615,000 $315,667 $0 0.00%

    For 2019, Woodtrust Bank's most frequently cited loan duration was Other, with 135 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 49 $7,005,000 $142,959 $0 0.00%
    $100,000 or less 48 $2,650,000 $55,208 $0 0.00%
    $200k-400k 23 $6,225,000 $270,652 $0 0.00%
    $400k-600k 10 $5,180,000 $518,000 $0 0.00%
    $1MM+ 4 $20,640,000 $5,160,000 $0 0.00%
    $600k-1MM 1 $915,000 $915,000 $0 0.00%

    2019 saw Woodtrust Bank place emphasis on $100k-200k loans with 49 originations, totaling $7,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 27 $2,905,000 $107,593 $0 0.00%
    $100k-150k 26 $3,790,000 $145,769 $0 0.00%
    $50k or less 18 $1,420,000 $78,889 $0 0.00%
    $75k-100k 17 $2,525,000 $148,529 $0 0.00%
    $250k+ 11 $4,195,000 $381,364 $0 0.00%
    $150k-250k 8 $2,420,000 $302,500 $0 0.00%

    Woodtrust Bank lent most frequently to those with incomes in the $50k-75k range, with 27 originations. The second most popular income band? $100k-150k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 135 $42,615,000 $315,667 $0 0.00%

    Woodtrust Bank lent most frequently to those with DTI ratios of Exempt%, with 135 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 20 $24,330,000 $1,216,500 $0 0.00%
    White 108 $17,240,000 $159,630 $0 0.00%
    American Indian 1 $575,000 $575,000 $0 0.00%
    Not provided 6 $470,000 $78,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.72%

    Woodtrust Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    91.11%

    Woodtrust Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 135 $42,615,000 $315,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $15,925,000 $3,185,000
    Single Family (1-4 Units):Manufactured 3 $125,000 $41,667
    Single Family (1-4 Units):Site-Built 127 $26,565,000 $209,173

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    WATERSTONE MORTGAGE CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    WATERSTONE MORTGAGE CORPORATION FHA mortgage Closing on a mortgage 2 40.0%
    WATERSTONE MORTGAGE CORPORATION Other type of mortgage Closing on a mortgage 1 20.0%
    WATERSTONE MORTGAGE CORPORATION VA mortgage Closing on a mortgage 1 20.0%

    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 $233,516
    WOODTRUST BANK 1900 Plover Road Plover, WI 54467 Full Service B&M $23,782
    WOODTRUST BANK 210 East Bridge Street Wausau, WI 54403 Full Service B&M $2,270
    WOODTRUST BANK 2651 8th Street South Wisconsin Rapids, WI 54494 Full Service B&M $55,645
    WOODTRUST BANK 4510 Kellner Road Grand Rapids Township, WI 54494 Full Service B&M $7,381
    WOODTRUST BANK 500 1st Street, Suite 1000 Wausau, WI 54403 Full Service B&M $10,199

    For 2019, Woodtrust Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,927
    Net interest income $14,503
    Total noninterest income $13,783
    Gross Fiduciary activities income $10,363
    Service charges on deposit accounts $1,011
    Trading account gains and fees $0
    Additional Noninterest Income $2,409
    Pre-tax net operating income $15,430
    Securities gains (or losses, -) $-85
    Income before extraordinary items $14,125
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $14,125
    Minority interest net income $0
    Net income $14,125
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $14,203

    Woodtrust Bank's gross interest income from loans was $15,927,000.
    Woodtrust Bank's net interest income from loans was $14,503,000.
    Woodtrust Bank's fee based income from loans was $1,011,000.
    Woodtrust Bank's net income from loans was $14,125,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,424
    Provision for credit losses $400
    Total noninterest expense $12,456
    Salaries and employee benefits $7,063
    Premises and equipment expense $962
    Additional noninterest expense $4,431
    Applicable income taxes $1,220
    Net charge-offs $-146
    Cash dividends $13,055

    Woodtrust Bank's interest expense for loans was $1,424,000.
    Woodtrust Bank's payroll and benefits expense were $7,063,000.
    Woodtrust Bank's property, plant and equipment expenses $962,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 3.0%
    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 $359,982
    Deposits held in domestic offices $359,982
    Deposits by Individuals, partnerships, and corporations $343,598
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $11,413
    Deposits by Commercial banks and other depository institutions in U.S. $4,971
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $42,552
    Demand deposits $32,245
    Nontransaction accounts $317,430
    Money market deposit accounts (MMDAs) $121,830
    Other savings deposits (excluding MMDAs) $167,972
    Total time deposits $27,628
    Total time and savings deposits $327,737
    Noninterest-bearing deposits $98,174
    Interest-bearing deposits $261,808
    Retail deposits $355,299
    IRAs and Keogh plan accounts $10,174
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $441,172
    Cash & Balances due from depository institutions $66,886
    Interest-bearing balances $61,896
    Total securities $100,463
    Federal funds sold & reverse repurchase $0
    Net loans and leases $266,160
    Loan and leases loss allowance $4,473
    Trading account assets $0
    Bank premises and fixed assets $3,642
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $4,021

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $441,172
    Total Liabilities $397,449
    Total deposits $359,982
    Interest-bearing deposits $261,808
    Deposits held in domestic offices $359,982
    % insured (estimated) $58
    Federal funds purchased and repurchase agreements $34,488
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,979

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $266,160
    Loan and leases loss allowance $4,473
    Total loans and leases (domestic) $270,633
    All real estate loans $217,702
    Real estate loans in domestic offices $217,702
    Construction and development loans $8,195
    Residential 1-4 family construction $1,018
    Other construction, all land development and other land $7,177
    Loans secured by nonfarm nonresidential properties $128,846
    Nonfarm nonresidential secured by owner-occupied properties $32,530
    Commercial real estate & other non-farm, non-residential $96,316
    Multifamily residential real estate $27,566
    1-4 family residential loans $39,995
    Farmland loans $13,100
    Loans held in foreign offices $0
    Farm loans $2,514
    Commercial and industrial loans $45,092
    To non-U.S. addressees $0
    Loans to individuals $4,014
    Credit card loans $1,238
    Related Plans $0
    Consumer Auto Loans $338
    Other loans to individuals $2,438
    All other loans & leases $1,311
    Loans to foreign governments and official institutions $0
    Other loans $25
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,533
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,856
    Non 1-4 family restructured loans & leases $1,856
    Total loans and leases (foreign) $0

    WOODTRUST BANK had $266,160,000 of loans outstanding in 2019. $217,702,000 of loans were in real estate loans. $8,195,000 of loans were in development loans. $27,566,000 of loans were in multifamily mortgage loans. $39,995,000 of loans were in 1-4 family mortgage loans. $2,514,000 of loans were in farm loans. $1,238,000 of loans were in credit card loans. $338,000 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 77 $17,916 $232,675
    Nonfarm, nonresidential loans - <$100k 17 $696 $40,941
    Nonfarm, nonresidential loans - $100-250k 21 $2,559 $121,857
    Nonfarm, nonresidential loans - $250k-1MM 39 $14,661 $375,923
    Commercial & Industrial, US addressed loans - <$1MM 195 $19,064 $97,764
    Commercial & Industrial, US addressed loans - <$100k 63 $1,706 $27,079
    Commercial & Industrial, US addressed loans - $100-250k 29 $2,732 $94,207
    Commercial & Industrial, US addressed loans - $250k-1MM 103 $14,626 $142,000
    Farmland loans - <$1MM 13 $2,717 $209,000
    Farmland loans - <$100k 2 $97 $48,500
    Farmland loans - $100-250k 4 $548 $137,000
    Farmland loans - $250k-1MM 7 $2,072 $296,000
    Agriculture operations loans - <$1MM 9 $822 $91,333
    Agriculture operations loans - <$100k 4 $140 $35,000
    Agriculture operations loans - $100-250k 2 $129 $64,500
    Agriculture operations loans - $250k-1MM 3 $553 $184,333