Coulee Bank Mortgage Rates, Fees & Info

La Crosse, WI

LEI: 5493002B2O407LCTBX72

Tax ID: 39-0978524

5 stars - out of 5 stars, based on 23 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Coulee Bank is a smaller bank specializing in Home Purchase and Refi loans. Coulee Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Minneapolis, La Crosse, Rochester, Willmar, and Faribault among others. Coulee Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Coulee Bank is typically a low fee lendor.


Originations

507

Origination Dollar Volume (All Markets)

$128,855,000

Employee count

94 Show all (5) awards

Relative Rate

Coulee Bank's average 30 year fixed rate mortgage of loans were 2.99%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.16%.

Relative Fees

Coulee Bank's average total fees for a 30 year fixed rate mortgage are $3,148.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 170 $52,430,000 $308,412 $2,915 3.29%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 194 $39,680,000 $204,536 $2,634 2.95%
ROCHESTER, MN (FHA|USDA|VA) 55 $14,705,000 $267,364 $3,704 3.37%
Outside of Metro Areas 54 $11,940,000 $221,111 $2,538 3.01%
Willmar, MN (FHA|USDA|VA) 1 $1,785,000 $1,785,000 $0 4.15%
Faribault-Northfield, MN (FHA|USDA|VA) 5 $1,435,000 $287,000 $5,592 3.42%
DULUTH, MN-WI (FHA|USDA|VA) 3 $1,335,000 $445,000 $3,267 3.66%
Red Wing, MN (FHA|USDA|VA) 3 $905,000 $301,667 $2,668 3.29%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $590,000 $295,000 $2,743 2.69%
SHEBOYGAN, WI (FHA|USDA|VA) 7 $585,000 $83,571 $2,213 3.02%
Edwards, CO (FHA|USDA|VA) 1 $535,000 $535,000 $3,895 2.25%
Winona, MN (FHA|USDA|VA) 2 $520,000 $260,000 $2,697 2.69%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 2 $450,000 $225,000 $2,108 2.94%
ST. CLOUD, MN (FHA|USDA|VA) 1 $435,000 $435,000 $3,761 3.38%
RACINE, WI (FHA|USDA|VA) 1 $395,000 $395,000 $1,779 2.63%
Brainerd, MN (FHA|USDA|VA) 1 $355,000 $355,000 $3,600 2.88%
APPLETON, WI (FHA|USDA|VA) 1 $195,000 $195,000 $4,737 2.25%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $185,000 $185,000 $3,634 3.25%
MADISON, WI (FHA|USDA|VA) 1 $175,000 $175,000 $3,243 2.50%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $115,000 $115,000 $4,741 2.75%
Menomonie, WI (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.38%

Coulee Bank's top markets include Minneapolis, La Crosse, Rochester, Willmar, and Faribault among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 493 $125,605,000 $254,777 $2,703 3.15%
FHA 14 $3,250,000 $232,143 $6,887 2.45%

For the 2021 period, Coulee Bank's most frequently originated loan type of loans were Conventional, with 493 originations. Their 2nd most popular type is FHA, with 14 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 218 $63,720,000 $292,294 $3,365 3.26%
Refi 175 $43,555,000 $248,886 $2,555 2.96%
Cash Out Refi 107 $21,145,000 $197,617 $2,523 3.00%
Other 7 $435,000 $62,143 $683 5.02%

For the 2021, Coulee Bank's most frequently cited loan purpose of loans were Home Purchase, with 218 originations. The 2nd most popular reason of loans were Refi, with 175 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 296 $66,150,000 $223,480 $3,148 2.99%
15 Year 78 $14,820,000 $190,000 $2,480 2.55%
1 Year 32 $6,350,000 $198,438 $1,509 4.09%
20 Year 29 $5,555,000 $191,552 $2,602 2.78%
5 Year 29 $25,055,000 $863,966 $0 4.05%
Other 25 $6,995,000 $279,800 $2,278 4.30%
10 Year 18 $3,930,000 $218,333 $1,400 3.50%

For the 2021, Coulee Bank's most frequently cited loan length of loans were 30 Year, with 296 originations. The 2nd most popular length of loans were 15 Year, with 78 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 316 $68,390,000 $216,424
$1k-2k 43 $9,815,000 $228,256
$2k-3k 15 $3,745,000 $249,667
$3k-4k 7 $2,055,000 $293,571
$5k+ 4 $1,680,000 $420,000

$3,148 of loans were Coulee Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 316 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 205 $45,195,000 $220,463
3-4% 157 $49,705,000 $316,592
<2.5% 85 $16,975,000 $199,706
4-5% 55 $16,815,000 $305,727
5-6% 3 $125,000 $41,667
6-7% 1 $25,000 $25,000
7-8% 1 $15,000 $15,000

During 2021, Coulee Bank's average interest rate of loans were 2.99%, while their most frequently originated rate bucket of loans were 2.5-3%, with 205 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 209 $31,325,000 $149,880 $2,557 3.08%
$200k-400k 191 $52,085,000 $272,696 $3,229 3.07%
$100,000 or less 58 $3,820,000 $65,862 $1,478 3.31%
$400k-600k 35 $16,565,000 $473,286 $4,015 3.09%
$1MM+ 7 $19,595,000 $2,799,286 $0 3.88%
$600k-1MM 7 $5,465,000 $780,714 $4,001 3.97%

2021 saw Coulee Bank place emphasis on $100k-200k loans with 209 originations, totaling $31,325,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 111 $23,495,000 $211,667 $3,112 2.98%
$50k-75k 109 $19,965,000 $183,165 $2,890 3.04%
$75k-100k 79 $18,115,000 $229,304 $2,953 2.96%
$150k-250k 61 $16,235,000 $266,148 $2,643 3.14%
$50k or less 60 $8,290,000 $138,167 $2,476 2.86%
$250k+ 31 $9,555,000 $308,226 $2,832 3.02%

Coulee Bank lent most frequently to those with incomes in the $100k-150k range, with 111 originations. The second most popular income band? $50k-75k, with 109 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 90 $20,000,000 $222,222 $2,795 2.88%
30-36% 87 $16,965,000 $195,000 $2,703 2.98%
<20% 46 $9,680,000 $210,435 $2,302 2.84%
38% 28 $7,170,000 $256,071 $2,741 3.17%
37% 23 $4,445,000 $193,261 $2,918 3.38%
39% 23 $4,645,000 $201,957 $3,576 2.87%
41% 21 $4,155,000 $197,857 $2,918 3.26%
43% 17 $3,855,000 $226,765 $2,852 3.01%
44% 17 $2,935,000 $172,647 $2,724 3.00%
40% 16 $2,860,000 $178,750 $2,277 3.63%
42% 13 $2,805,000 $215,769 $3,201 2.98%
45% 13 $3,445,000 $265,000 $3,198 3.25%
49% 13 $2,565,000 $197,308 $3,812 2.89%
36% 11 $2,255,000 $205,000 $3,196 2.93%
47% 10 $1,880,000 $188,000 $2,883 2.63%
48% 9 $2,595,000 $288,333 $3,602 2.96%
46% 8 $1,980,000 $247,500 $3,136 2.69%
50-60% 6 $1,110,000 $185,000 $3,927 3.21%
>60% 1 $205,000 $205,000 $0 3.50%

Coulee Bank lent most frequently to those with DTI ratios of 20-30%, with 90 originations. The next most common DTI ratio? 30-36%, with 87 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 391 $82,005,000 $209,731 $2,777 2.98%
Not applicable 55 $32,635,000 $593,364 $0 4.12%
Not provided 27 $6,645,000 $246,111 $2,869 3.39%
Asian 23 $4,825,000 $209,783 $2,940 3.18%
Black 9 $2,545,000 $282,778 $5,671 2.68%
Native Hawaiian 1 $135,000 $135,000 $1,605 2.13%
American Indian 1 $65,000 $65,000 $2,960 2.75%

Approval Rates

Total approvals of all applications
95.10%

Coulee 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
86.13%

Coulee Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 507 $128,855,000 $254,152

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
507 $128,855,000 $254,152

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 22 $2,880,000 $130,909 $2,098 2.86%
40-60% 90 $17,440,000 $193,778 $2,357 2.88%
60-80% 229 $58,815,000 $256,834 $2,661 3.21%
80-100% 148 $47,640,000 $321,892 $3,714 3.09%
Under 20% 18 $2,080,000 $115,556 $474 3.91%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Coulee Bank 1110 Sixth Street Nw Rochester, MN 55901 Full Service B&M $12,012
Coulee Bank 129 Hale Dr Holmen, WI 54636 Full Service B&M $7,988
Coulee Bank 1516 Losey Boulevard South La Crosse, WI 54601 Full Service B&M $259,213
Coulee Bank 351 Mason Street Onalaska, WI 54650 Limited, Mobile/Seasonal Office $1,236
Coulee Bank 590 Theatre Road Onalaska, WI 54601 Full Service B&M $51,341
Coulee Bank 650 Douglas Drive Golden Valley, MN 55422 Full Service B&M $0
Coulee Bank 742 Grand Avenue Saint Paul, MN 55105 Full Service B&M $64,304

For 2021, Coulee Bank had 7 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $18,446
Net interest income $16,465
Total noninterest income $5,009
Gross Fiduciary activities income $0
Service charges on deposit accounts $295
Trading account gains and fees $0
Additional Noninterest Income $4,714
Pre-tax net operating income $5,072
Securities gains (or losses, -) $576
Income before extraordinary items $5,637
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $5,637
Minority interest net income $0
Net income $5,637
Sale, conversion, retirement of capital stock, net $0
Net operating income $5,061

Coulee Bank's gross interest income from loans was $18,446,000.
Coulee Bank's net interest income from loans was $16,465,000.
Coulee Bank's fee based income from loans was $295,000.
Coulee Bank's net income from loans was $5,637,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $1,981
Provision for credit losses $385
Total noninterest expense $16,017
Salaries and employee benefits $10,446
Premises and equipment expense $991
Additional noninterest expense $4,580
Applicable income taxes $11
Net charge-offs $-330
Cash dividends $4,336

Coulee Bank's interest expense for loans was $1,981,000.
Coulee Bank's payroll and benefits expense were $10,446,000.
Coulee Bank's property, plant and equipment expenses $991,000.

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 1.0%
HELOC loans 1.0%
All other family 1.0%
Commercial & industrial loans 1.0%
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 $401,168
Deposits held in domestic offices $401,168
Deposits by Individuals, partnerships, and corporations $383,833
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $17,086
Deposits by Commercial banks and other depository institutions in U.S. $249
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $49,492
Demand deposits $15,980
Nontransaction accounts $351,676
Money market deposit accounts (MMDAs) $97,206
Other savings deposits (excluding MMDAs) $223,225
Total time deposits $31,246
Total time and savings deposits $385,188
Noninterest-bearing deposits $80,263
Interest-bearing deposits $320,905
Retail deposits $394,848
IRAs and Keogh plan accounts $3,171
Brokered deposits $3,012
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $486,230
Cash & Balances due from depository institutions $7,555
Interest-bearing balances $91
Total securities $84,352
Federal funds sold & reverse repurchase $15,758
Net loans and leases $367,535
Loan and leases loss allowance $4,362
Trading account assets $0
Bank premises and fixed assets $5,996
Other real estate owned $0
Goodwill and other intangibles $569
All other assets $4,465

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $486,230
Total Liabilities $444,843
Total deposits $401,168
Interest-bearing deposits $320,905
Deposits held in domestic offices $401,168
% insured (estimated) $76
Federal funds purchased and repurchase agreements $26,552
Trading liabilities $0
Other borrowed funds $14,000
Subordinated debt $0
All other liabilities $3,123

Issued Loan Types

Type Value (in 000's)
Net loans and leases $367,535
Loan and leases loss allowance $4,362
Total loans and leases (domestic) $371,897
All real estate loans $277,261
Real estate loans in domestic offices $277,261
Construction and development loans $19,689
Residential 1-4 family construction $4,128
Other construction, all land development and other land $15,561
Loans secured by nonfarm nonresidential properties $167,153
Nonfarm nonresidential secured by owner-occupied properties $67,483
Commercial real estate & other non-farm, non-residential $99,670
Multifamily residential real estate $36,230
1-4 family residential loans $52,213
Farmland loans $1,976
Loans held in foreign offices $0
Farm loans $13
Commercial and industrial loans $79,792
To non-U.S. addressees $0
Loans to individuals $5,547
Credit card loans $395
Related Plans $3,289
Consumer Auto Loans $1,377
Other loans to individuals $486
All other loans & leases $9,284
Loans to foreign governments and official institutions $0
Other loans $500
Loans to depository institutions and acceptances of other banks $979
Loans not secured by real estate $0
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $77
Non 1-4 family restructured loans & leases $39
Total loans and leases (foreign) $0

Coulee Bank had $367,535,000 of loans outstanding in 2021. $277,261,000 of loans were in real estate loans. $19,689,000 of loans were in development loans. $36,230,000 of loans were in multifamily mortgage loans. $52,213,000 of loans were in 1-4 family mortgage loans. $13,000 of loans were in farm loans. $395,000 of loans were in credit card loans. $1,377,000 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 131 $43,119 $329,153
Nonfarm, nonresidential loans - <$100k 15 $589 $39,267
Nonfarm, nonresidential loans - $100-250k 32 $4,602 $143,813
Nonfarm, nonresidential loans - $250k-1MM 84 $37,928 $451,524
Commercial & Industrial, US addressed loans - <$1MM 289 $25,477 $88,156
Commercial & Industrial, US addressed loans - <$100k 178 $5,262 $29,562
Commercial & Industrial, US addressed loans - $100-250k 50 $5,484 $109,680
Commercial & Industrial, US addressed loans - $250k-1MM 61 $14,731 $241,492
Farmland loans - <$1MM 2 $128 $64,000
Farmland loans - <$100k 1 $50 $50,000
Farmland loans - $100-250k 1 $78 $78,000
Agriculture operations loans - <$1MM 2 $13 $6,500
Agriculture operations loans - <$100k 2 $13 $6,500