Coulee Bank Mortgage Rates, Fees & Info
La Crosse, WILEI: 5493002B2O407LCTBX72
Tax ID: 39-0978524
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Mortgage Data
Bank Data
Review & 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 by origination volume include: Minneapolis, La Crosse, Rochester, Faribault, and Red Wing among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Coulee Bank has an above average approval rate when compared to the average across all lenders. They have a below 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.72% | 4/21/24 |
| 30 Year Conventional Refi | 6.46% | 4/21/24 |
| 30 Year Cash-out Refi | 6.53% | 4/21/24 |
| 30 Year FHA Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 6.35% | 4/21/24 |
| 15 Year Conventional Refi | 6.15% | 4/21/24 |
| 15 Year Cash-out Refi | 6.15% | 4/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Coulee Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
189Origination Dollar Volume (All Markets)
$35,585,000Employee count
75Top 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 |
|---|---|---|---|---|---|
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 51 | $12,705,000 | $249,118 | $0 | 0.00% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 81 | $10,735,000 | $132,531 | $0 | 0.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 34 | $7,630,000 | $224,412 | $0 | 0.00% |
| Outside of Metro Areas | 15 | $2,895,000 | $193,000 | $0 | 0.00% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| Red Wing, MN (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| Austin, MN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Coulee Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 184 | $34,860,000 | $189,457 | $0 | 0.00% |
| FHA | 5 | $725,000 | $145,000 | $0 | 0.00% |
For 2019, Coulee Bank's most frequently originated type of loan was Conventional, with 184 originations. Their 2nd most popular type was FHA, with 5 originations.
Loan Reason
For 2019, Coulee Bank's most frequently cited loan purpose was Home Purchase, with 86 originations. The 2nd most popular reason was Refi, with 60 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 189 | $35,585,000 | $188,280 | $0 | 0.00% |
For 2019, Coulee Bank's most frequently cited loan duration was Other, with 189 originations.
Loan Sizing
2019 saw Coulee Bank place emphasis on $100k-200k loans with 94 originations, totaling $13,890,000 in origination value.
Applicant Income
Coulee Bank lent most frequently to those with incomes in the $100k-150k range, with 40 originations. The second most popular income band? $50k-75k, with 40 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 189 | $35,585,000 | $188,280 | $0 | 0.00% |
Coulee Bank lent most frequently to those with DTI ratios of Exempt%, with 189 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.94%
Coulee Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.19%
Coulee Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 189 | $35,585,000 | $188,280 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Coulee Bank | 1110 Sixth Street Nw Rochester, MN 55901 | Full Service B&M | $11,462 |
| Coulee Bank | 129 Hale Dr Holmen, WI 54636 | Full Service B&M | $4,397 |
| Coulee Bank | 1516 Losey Boulevard South La Crosse, WI 54601 | Full Service B&M | $216,974 |
| Coulee Bank | 351 Mason Street Onalaska, WI 54650 | Limited, Mobile/Seasonal Office | $750 |
| Coulee Bank | 590 Theatre Road Onalaska, WI 54601 | Full Service B&M | $40,051 |
| Coulee Bank | 742 Grand Avenue Saint Paul, MN 55105 | Full Service B&M | $30,591 |
For 2019, Coulee Bank had 6 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $17,295 |
| Net interest income | $12,696 |
| Total noninterest income | $2,189 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $272 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,917 |
| Pre-tax net operating income | $3,558 |
| Securities gains (or losses, -) | $5 |
| Income before extraordinary items | $3,563 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,563 |
| Minority interest net income | $0 |
| Net income | $3,563 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,558 |
Coulee Bank's gross interest income from loans was $17,295,000.
Coulee Bank's net interest income from loans was $12,696,000.
Coulee Bank's fee based income from loans was $272,000.
Coulee Bank's net income from loans was $3,563,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,599 |
| Provision for credit losses | $360 |
| Total noninterest expense | $10,967 |
| Salaries and employee benefits | $6,715 |
| Premises and equipment expense | $892 |
| Additional noninterest expense | $3,360 |
| Applicable income taxes | $0 |
| Net charge-offs | $919 |
| Cash dividends | $2,757 |
Coulee Bank's interest expense for loans was $4,599,000.
Coulee Bank's payroll and benefits expense were $6,715,000.
Coulee Bank's property, plant and equipment expenses $892,000.
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 | 1.0% |
| Personal loans | 0.0% |
| Credit card loans | 2.4% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 79.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $299,789 |
| Deposits held in domestic offices | $299,789 |
| Deposits by Individuals, partnerships, and corporations | $280,090 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $18,227 |
| Deposits by Commercial banks and other depository institutions in U.S. | $1,472 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $34,947 |
| Demand deposits | $10,299 |
| Nontransaction accounts | $264,842 |
| Money market deposit accounts (MMDAs) | $84,492 |
| Other savings deposits (excluding MMDAs) | $125,809 |
| Total time deposits | $54,541 |
| Total time and savings deposits | $289,490 |
| Noninterest-bearing deposits | $45,437 |
| Interest-bearing deposits | $254,352 |
| Retail deposits | $274,506 |
| IRAs and Keogh plan accounts | $3,166 |
| Brokered deposits | $9,697 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $386,378 |
| Cash & Balances due from depository institutions | $6,905 |
| Interest-bearing balances | $72 |
| Total securities | $67,136 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $304,925 |
| Loan and leases loss allowance | $2,887 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,934 |
| Other real estate owned | $151 |
| Goodwill and other intangibles | $0 |
| All other assets | $3,327 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $386,378 |
| Total Liabilities | $349,354 |
| Total deposits | $299,789 |
| Interest-bearing deposits | $254,352 |
| Deposits held in domestic offices | $299,789 |
| % insured (estimated) | $79 |
| Federal funds purchased and repurchase agreements | $27,625 |
| Trading liabilities | $0 |
| Other borrowed funds | $19,344 |
| Subordinated debt | $0 |
| All other liabilities | $2,596 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $304,925 |
| Loan and leases loss allowance | $2,887 |
| Total loans and leases (domestic) | $307,812 |
| All real estate loans | $232,682 |
| Real estate loans in domestic offices | $232,682 |
| Construction and development loans | $21,352 |
| Residential 1-4 family construction | $2,813 |
| Other construction, all land development and other land | $18,539 |
| Loans secured by nonfarm nonresidential properties | $134,945 |
| Nonfarm nonresidential secured by owner-occupied properties | $46,771 |
| Commercial real estate & other non-farm, non-residential | $88,174 |
| Multifamily residential real estate | $21,584 |
| 1-4 family residential loans | $54,378 |
| Farmland loans | $423 |
| Loans held in foreign offices | $0 |
| Farm loans | $71 |
| Commercial and industrial loans | $57,789 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $6,624 |
| Credit card loans | $463 |
| Related Plans | $3,002 |
| Consumer Auto Loans | $1,973 |
| Other loans to individuals | $1,186 |
| All other loans & leases | $10,646 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,462 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $189 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $3,506 |
| Non 1-4 family restructured loans & leases | $3,464 |
| Total loans and leases (foreign) | $0 |
Coulee Bank had $304,925,000 of loans outstanding in 2019. $232,682,000 of loans were in real estate loans. $21,352,000 of loans were in development loans. $21,584,000 of loans were in multifamily mortgage loans. $54,378,000 of loans were in 1-4 family mortgage loans. $71,000 of loans were in farm loans. $463,000 of loans were in credit card loans. $1,973,000 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 | 119 | $37,803 | $317,672 |
| Nonfarm, nonresidential loans - <$100k | 10 | $598 | $59,800 |
| Nonfarm, nonresidential loans - $100-250k | 37 | $4,974 | $134,432 |
| Nonfarm, nonresidential loans - $250k-1MM | 72 | $32,231 | $447,653 |
| Commercial & Industrial, US addressed loans - <$1MM | 261 | $27,151 | $104,027 |
| Commercial & Industrial, US addressed loans - <$100k | 167 | $5,887 | $35,251 |
| Commercial & Industrial, US addressed loans - $100-250k | 39 | $3,863 | $99,051 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 55 | $17,401 | $316,382 |
| Farmland loans - <$1MM | 3 | $423 | $141,000 |
| Farmland loans - <$100k | 1 | $60 | $60,000 |
| Farmland loans - $100-250k | 1 | $98 | $98,000 |
| Farmland loans - $250k-1MM | 1 | $265 | $265,000 |
| Agriculture operations loans - <$1MM | 1 | $71 | $71,000 |
| Agriculture operations loans - $100-250k | 1 | $71 | $71,000 |