Coulee Bank Mortgage Rates, Fees & Info
La Crosse, WILEI: 5493002B2O407LCTBX72
Tax ID: 39-0978524
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Bank Data
Review & Overview
Coulee Bank is a smaller bank specializing in Refi, Home Purchase, and Cash Out 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: La Crosse, Minneapolis, Rochester, Faribault, and Edwards among others. We have data for 19 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% | 4/18/24 |
| 30 Year Conventional Refi | 6.46% | 4/18/24 |
| 30 Year Cash-out Refi | 6.53% | 4/18/24 |
| 30 Year FHA Refi | 6.27% | 4/18/24 |
| 15 Year Conventional Purchase | 6.35% | 4/18/24 |
| 15 Year Conventional Refi | 6.15% | 4/18/24 |
| 15 Year Cash-out Refi | 6.15% | 4/18/24 |
| 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
607Origination Dollar Volume (All Markets)
$132,975,000Employee count
76Top 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 |
|---|---|---|---|---|---|
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 263 | $52,445,000 | $199,411 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 179 | $45,565,000 | $254,553 | $0 | 0.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 75 | $16,655,000 | $222,067 | $0 | 0.00% |
| Outside of Metro Areas | 62 | $11,230,000 | $181,129 | $0 | 0.00% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 6 | $1,580,000 | $263,333 | $0 | 0.00% |
| Edwards, CO (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $0 | 0.00% |
| Albert Lea, MN (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $0 | 0.00% |
| Winona, MN (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 0.00% |
| RACINE, WI (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| Owatonna, MN (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 0.00% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Red Wing, MN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Platteville, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 0.00% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Austin, MN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $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 | 598 | $130,900,000 | $218,896 | $0 | 0.00% |
| FHA | 9 | $2,075,000 | $230,556 | $0 | 0.00% |
For 2020, Coulee Bank's most frequently originated type of loan was Conventional, with 598 originations. Their 2nd most popular type was FHA, with 9 originations.
Loan Reason
For 2020, Coulee Bank's most frequently cited loan purpose was Refi, with 297 originations. The 2nd most popular reason was Home Purchase, with 165 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 607 | $132,975,000 | $219,069 | $0 | 0.00% |
For 2020, Coulee Bank's most frequently cited loan duration was Other, with 607 originations.
Loan Sizing
2020 saw Coulee Bank place emphasis on $100k-200k loans with 259 originations, totaling $38,615,000 in origination value.
Applicant Income
Coulee Bank lent most frequently to those with incomes in the $100k-150k range, with 149 originations. The second most popular income band? $50k-75k, with 119 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 607 | $132,975,000 | $219,069 | $0 | 0.00% |
Coulee Bank lent most frequently to those with DTI ratios of Exempt%, with 607 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.58%
Coulee Bank has an average approval rate.
Pick Rate
Approvals leading to origination87.31%
Coulee Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 607 | $132,975,000 | $219,069 |
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 | $13,524 |
| Coulee Bank | 129 Hale Dr Holmen, WI 54636 | Full Service B&M | $8,286 |
| Coulee Bank | 1516 Losey Boulevard South La Crosse, WI 54601 | Full Service B&M | $240,435 |
| Coulee Bank | 351 Mason Street Onalaska, WI 54650 | Limited, Mobile/Seasonal Office | $745 |
| Coulee Bank | 590 Theatre Road Onalaska, WI 54601 | Full Service B&M | $46,949 |
| Coulee Bank | 742 Grand Avenue Saint Paul, MN 55105 | Full Service B&M | $34,913 |
For 2020, Coulee Bank had 6 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $18,226 |
| Net interest income | $15,668 |
| Total noninterest income | $4,475 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $273 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $4,202 |
| Pre-tax net operating income | $5,800 |
| Securities gains (or losses, -) | $484 |
| Income before extraordinary items | $6,284 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $6,284 |
| Minority interest net income | $0 |
| Net income | $6,284 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $5,800 |
Coulee Bank's gross interest income from loans was $18,226,000.
Coulee Bank's net interest income from loans was $15,668,000.
Coulee Bank's fee based income from loans was $273,000.
Coulee Bank's net income from loans was $6,284,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,558 |
| Provision for credit losses | $760 |
| Total noninterest expense | $13,583 |
| Salaries and employee benefits | $8,380 |
| Premises and equipment expense | $904 |
| Additional noninterest expense | $4,299 |
| Applicable income taxes | $0 |
| Net charge-offs | $0 |
| Cash dividends | $1,755 |
Coulee Bank's interest expense for loans was $2,558,000.
Coulee Bank's payroll and benefits expense were $8,380,000.
Coulee Bank's property, plant and equipment expenses $904,000.
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 | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 2.0% |
| 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 | $343,900 |
| Deposits held in domestic offices | $343,900 |
| Deposits by Individuals, partnerships, and corporations | $330,694 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $12,212 |
| Deposits by Commercial banks and other depository institutions in U.S. | $994 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $37,029 |
| Demand deposits | $8,840 |
| Nontransaction accounts | $306,871 |
| Money market deposit accounts (MMDAs) | $99,553 |
| Other savings deposits (excluding MMDAs) | $163,996 |
| Total time deposits | $43,322 |
| Total time and savings deposits | $335,060 |
| Noninterest-bearing deposits | $60,403 |
| Interest-bearing deposits | $283,497 |
| Retail deposits | $328,983 |
| IRAs and Keogh plan accounts | $2,744 |
| Brokered deposits | $2,901 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $446,368 |
| Cash & Balances due from depository institutions | $5,185 |
| Interest-bearing balances | $107 |
| Total securities | $73,914 |
| Federal funds sold & reverse repurchase | $22,602 |
| Net loans and leases | $335,061 |
| Loan and leases loss allowance | $3,647 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,848 |
| Other real estate owned | $777 |
| Goodwill and other intangibles | $0 |
| All other assets | $4,981 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $446,368 |
| Total Liabilities | $403,837 |
| Total deposits | $343,900 |
| Interest-bearing deposits | $283,497 |
| Deposits held in domestic offices | $343,900 |
| % insured (estimated) | $77 |
| Federal funds purchased and repurchase agreements | $22,229 |
| Trading liabilities | $0 |
| Other borrowed funds | $35,314 |
| Subordinated debt | $0 |
| All other liabilities | $2,394 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $335,061 |
| Loan and leases loss allowance | $3,647 |
| Total loans and leases (domestic) | $338,708 |
| All real estate loans | $235,046 |
| Real estate loans in domestic offices | $235,046 |
| Construction and development loans | $13,782 |
| Residential 1-4 family construction | $2,789 |
| Other construction, all land development and other land | $10,993 |
| Loans secured by nonfarm nonresidential properties | $142,919 |
| Nonfarm nonresidential secured by owner-occupied properties | $48,272 |
| Commercial real estate & other non-farm, non-residential | $94,647 |
| Multifamily residential real estate | $25,126 |
| 1-4 family residential loans | $52,818 |
| Farmland loans | $401 |
| Loans held in foreign offices | $0 |
| Farm loans | $12 |
| Commercial and industrial loans | $87,242 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $6,695 |
| Credit card loans | $396 |
| Related Plans | $3,300 |
| Consumer Auto Loans | $1,951 |
| Other loans to individuals | $1,048 |
| All other loans & leases | $9,713 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $590 |
| 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 | $184 |
| Non 1-4 family restructured loans & leases | $144 |
| Total loans and leases (foreign) | $0 |
Coulee Bank had $335,061,000 of loans outstanding in 2020. $235,046,000 of loans were in real estate loans. $13,782,000 of loans were in development loans. $25,126,000 of loans were in multifamily mortgage loans. $52,818,000 of loans were in 1-4 family mortgage loans. $12,000 of loans were in farm loans. $396,000 of loans were in credit card loans. $1,951,000 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 | 124 | $39,885 | $321,653 |
| Nonfarm, nonresidential loans - <$100k | 12 | $666 | $55,500 |
| Nonfarm, nonresidential loans - $100-250k | 37 | $4,755 | $128,514 |
| Nonfarm, nonresidential loans - $250k-1MM | 75 | $34,464 | $459,520 |
| Commercial & Industrial, US addressed loans - <$1MM | 457 | $43,535 | $95,263 |
| Commercial & Industrial, US addressed loans - <$100k | 313 | $9,055 | $28,930 |
| Commercial & Industrial, US addressed loans - $100-250k | 71 | $7,440 | $104,789 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 73 | $27,040 | $370,411 |
| Farmland loans - <$1MM | 3 | $401 | $133,667 |
| Farmland loans - <$100k | 1 | $55 | $55,000 |
| Farmland loans - $100-250k | 1 | $88 | $88,000 |
| Farmland loans - $250k-1MM | 1 | $258 | $258,000 |
| Agriculture operations loans - <$1MM | 2 | $12 | $6,000 |
| Agriculture operations loans - <$100k | 2 | $12 | $6,000 |