Westbury Bank Mortgage Rates, Fees & Info

Waukesha, WI

LEI: 5493002XHCZ94X8YST31

Tax ID: 39-0698030

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Westbury Bank is a smaller bank specializing in Home Purchase and Refi loans. Westbury 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: Milwaukee, Madison, Green Bay, Whitewater, and Fond Du Lac among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Westbury 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. Westbury Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.52% 12/16/24
    30 Year Conventional Refi 6.58% 12/16/24
    30 Year Cash-out Refi 6.62% 12/16/24
    30 Year FHA Purchase 6.48% 12/16/24
    30 Year VA Purchase 6.40% 12/16/24
    15 Year Conventional Purchase 5.54% 12/16/24
    15 Year Conventional Refi 5.71% 12/16/24
    15 Year Cash-out Refi 5.71% 12/16/24
    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.

    Westbury Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Westbury Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    366

    Origination Dollar Volume (All Markets)

    $134,530,000

    Employee count

    116 Show all (5) awards

    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
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 282 $60,860,000 $215,816 $1,260 4.14%
    MADISON, WI (FHA|USDA|VA) 11 $30,375,000 $2,761,364 $1,345 4.00%
    GREEN BAY, WI (FHA|USDA|VA) 3 $12,675,000 $4,225,000 $1,719 4.20%
    Outside of Metro Areas 8 $6,630,000 $828,750 $2,075 4.28%
    Whitewater, WI (FHA|USDA|VA) 4 $5,170,000 $1,292,500 $1,548 4.14%
    FOND DU LAC, WI (FHA|USDA|VA) 20 $4,440,000 $222,000 $1,521 4.25%
    Bellefontaine, OH (FHA|USDA|VA) 1 $4,225,000 $4,225,000 $0 5.10%
    Beaver Dam, WI (FHA|USDA|VA) 15 $2,935,000 $195,667 $1,210 4.20%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $2,465,000 $2,465,000 $0 4.50%
    Galesburg, IL (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 4.50%
    SHEBOYGAN, WI (FHA|USDA|VA) 7 $955,000 $136,429 $1,268 4.25%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 4 $610,000 $152,500 $2,347 4.22%
    RACINE, WI (FHA|USDA|VA) 4 $470,000 $117,500 $877 4.50%
    APPLETON, WI (FHA|USDA|VA) 1 $315,000 $315,000 $1,536 4.75%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 2 $290,000 $145,000 $100 4.41%
    Shawano, WI (FHA|USDA|VA) 2 $110,000 $55,000 $836 5.13%
    Westbury Bank's top markets include Milwaukee, Madison, Green Bay, Whitewater, and Fond Du Lac among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Westbury 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 351 $130,845,000 $372,778 $1,146 4.17%
    FHA 10 $1,840,000 $184,000 $4,755 4.21%
    VA 4 $1,040,000 $260,000 $4,917 4.00%
    HELOC 1 $805,000 $805,000 n/a 4.63%

    For 2018, Westbury Bank's most frequently originated type of loan was Conventional, with 351 originations. Their 2nd most popular type was FHA, with 10 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 179 $85,225,000 $476,117 $1,923 4.30%
    Cash Out Refi 68 $10,680,000 $157,059 $783 3.91%
    Refi 65 $31,805,000 $489,308 $929 4.01%
    Other 34 $3,100,000 $91,176 $214 4.17%
    Home Improvement 20 $3,720,000 $186,000 $460 4.31%

    For 2018, Westbury Bank's most frequently cited loan purpose was Home Purchase, with 179 originations. The 2nd most popular reason was Cash Out Refi, with 68 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 210 $48,440,000 $230,667 $1,782 4.23%
    10 Year 60 $5,040,000 $84,000 $64 3.95%
    15 Year 48 $8,300,000 $172,917 $693 3.71%
    5 Year 17 $33,855,000 $1,991,471 $40 4.42%
    20 Year 14 $2,800,000 $200,000 $1,826 4.45%
    Other 13 $33,435,000 $2,571,923 $1,167 5.14%
    1 Year 3 $2,405,000 $801,667 $0 4.48%
    3 Year 1 $255,000 $255,000 $0 3.95%

    For 2018, Westbury Bank's most frequently cited loan duration was 30 Year, with 210 originations. The 2nd most popular length was 10 Year, with 60 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 337 $64,085,000 $190,163
    $1k-2k 5 $1,225,000 $245,000
    $2k-3k 1 $145,000 $145,000
    $3k-4k 1 $295,000 $295,000

    Westbury Bank's average total fees were $1,782, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 337 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 182 $95,530,000 $524,890
    3-4% 154 $28,300,000 $183,766
    5-6% 24 $8,250,000 $343,750
    <2.5% 3 $1,265,000 $421,667
    2.5-3% 3 $1,185,000 $395,000

    During 2018, Westbury Bank's average interest rate for loans was 4.23%, while their most frequently originated rate bucket for loans was 4-5%, with 182 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 133 $19,525,000 $146,805 $1,387 4.19%
    $200k-400k 110 $29,370,000 $267,000 $1,827 4.13%
    $100,000 or less 82 $4,760,000 $58,049 $314 4.19%
    $400k-600k 23 $10,065,000 $437,609 $1,576 4.07%
    $1MM+ 13 $67,305,000 $5,177,308 $5,225 4.54%
    $600k-1MM 5 $3,505,000 $701,000 $1,691 3.40%

    2018 saw Westbury Bank place emphasis on $100k-200k loans with 133 originations, totaling $19,525,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 81 $11,495,000 $141,914 $1,411 4.23%
    $100k-150k 76 $15,990,000 $210,395 $1,398 4.21%
    $75k-100k 62 $11,040,000 $178,065 $1,247 4.09%
    $50k or less 47 $4,775,000 $101,596 $1,181 4.17%
    $150k-250k 46 $11,840,000 $257,391 $1,112 4.07%
    $250k+ 22 $8,570,000 $389,545 $1,496 3.73%

    Westbury Bank lent most frequently to those with incomes in the $50k-75k range, with 81 originations. The second most popular income band? $100k-150k, with 76 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 100 $17,730,000 $177,300 $1,221 4.10%
    30-36% 75 $15,005,000 $200,067 $1,276 4.14%
    <20% 27 $4,365,000 $161,667 $694 3.86%
    36% 21 $3,845,000 $183,095 $1,934 4.29%
    42% 19 $4,515,000 $237,632 $1,300 4.05%
    39% 17 $3,105,000 $182,647 $1,511 4.51%
    41% 14 $2,240,000 $160,000 $670 4.00%
    38% 13 $2,625,000 $201,923 $1,703 4.04%
    >60% 12 $2,390,000 $199,167 $718 4.03%
    37% 12 $3,680,000 $306,667 $1,797 4.13%
    40% 11 $1,865,000 $169,545 $796 4.30%
    43% 7 $1,255,000 $179,286 $1,004 4.09%
    44% 4 $800,000 $200,000 $1,677 4.19%
    46% 3 $555,000 $185,000 $2,631 4.25%
    47% 3 $555,000 $185,000 $2,494 4.67%
    49% 3 $615,000 $205,000 $3,024 4.33%
    45% 2 $360,000 $180,000 $1,702 4.69%
    48% 1 $245,000 $245,000 $5,715 4.13%

    Westbury Bank lent most frequently to those with DTI ratios of 20-30%, with 100 originations. The next most common DTI ratio? 30-36%, with 75 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 19 $68,245,000 $3,591,842 $0 4.63%
    White 342 $64,650,000 $189,035 $1,282 4.15%
    Asian 4 $1,430,000 $357,500 $2,321 3.50%
    Not provided 1 $205,000 $205,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    91.03%

    Westbury Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.35%

    Westbury Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 366 $134,530,000 $367,568

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 16 $67,510,000 $4,219,375
    Single Family (1-4 Units):Site-Built 350 $67,020,000 $191,486

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 43 $5,255,000 $122,209 $350 4.03%
    40-60% 49 $10,385,000 $211,939 $866 3.84%
    60-80% 136 $85,790,000 $630,809 $1,510 4.18%
    80-100% 101 $30,765,000 $304,604 $2,088 4.34%
    Over 100% 1 $705,000 $705,000 $725 2.88%
    Under 20% 36 $1,630,000 $45,278 $111 4.27%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Westpark Equity Group, Inc. Other type of mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Westbury Bank 1052 Fond Du Lac Avenue Kewaskum, WI 53040 Full Service B&M $62,326
    Westbury Bank 1195 E. Commerce Blvd Slinger, WI 53086 Full Service B&M $66,073
    Westbury Bank 17160 W North Ave Brookfield, WI 53005 Full Service B&M $152,123
    Westbury Bank 200 South Main Street West Bend, WI 53095 Full Service B&M $150,000
    Westbury Bank 25 S. Wacker Drive Hartford, WI 53027 Full Service B&M $37,056
    Westbury Bank 2501 West Washington Street West Bend, WI 53095 Full Service B&M $68,709
    Westbury Bank 551 W Main St Madison, WI 53703 Limited, Drive-thru $4,892
    Westbury Bank 810 Cardinal Lane Suite 210 Hartland, WI 53029 Limited, Mobile/Seasonal Office $0
    Westbury Bank N112w17171 Mequon Road Germantown, WI 53022 Full Service B&M $81,943
    Westbury Bank N168w21920 Main Street Jackson, WI 53037 Full Service B&M $51,796

    For 2018, Westbury Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $30,432
    Net interest income $25,090
    Total noninterest income $5,674
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,878
    Trading account gains and fees $0
    Additional Noninterest Income $3,796
    Pre-tax net operating income $8,528
    Securities gains (or losses, -) $-61
    Income before extraordinary items $6,038
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,038
    Minority interest net income $0
    Net income $6,038
    Sale, conversion, retirement of capital stock, net $1,125
    Net operating income $6,086

    Westbury Bank's gross interest income from loans was $30,432,000.
    Westbury Bank's net interest income from loans was $25,090,000.
    Westbury Bank's fee based income from loans was $1,878,000.
    Westbury Bank's net income from loans was $6,038,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,342
    Provision for credit losses $850
    Total noninterest expense $21,386
    Salaries and employee benefits $12,183
    Premises and equipment expense $2,075
    Additional noninterest expense $7,128
    Applicable income taxes $2,429
    Net charge-offs $132
    Cash dividends $3,990

    Westbury Bank's interest expense for loans was $5,342,000.
    Westbury Bank's payroll and benefits expense were $12,183,000.
    Westbury Bank's property, plant and equipment expenses $2,075,000.

    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 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 $692,188
    Deposits held in domestic offices $692,188
    Deposits by Individuals, partnerships, and corporations $636,377
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $20,854
    Deposits by Commercial banks and other depository institutions in U.S. $34,957
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $279,885
    Demand deposits $139,551
    Nontransaction accounts $412,303
    Money market deposit accounts (MMDAs) $95,124
    Other savings deposits (excluding MMDAs) $144,503
    Total time deposits $172,677
    Total time and savings deposits $552,637
    Noninterest-bearing deposits $140,131
    Interest-bearing deposits $552,057
    Retail deposits $665,174
    IRAs and Keogh plan accounts $25,276
    Brokered deposits $5,255
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $841,135
    Cash & Balances due from depository institutions $16,297
    Interest-bearing balances $6,193
    Total securities $106,041
    Federal funds sold & reverse repurchase $0
    Net loans and leases $679,558
    Loan and leases loss allowance $6,483
    Trading account assets $0
    Bank premises and fixed assets $13,452
    Other real estate owned $0
    Goodwill and other intangibles $609
    All other assets $25,178

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $841,134
    Total Liabilities $763,045
    Total deposits $692,188
    Interest-bearing deposits $552,057
    Deposits held in domestic offices $692,188
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $59,236
    Subordinated debt $0
    All other liabilities $11,621

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $679,558
    Loan and leases loss allowance $6,483
    Total loans and leases (domestic) $686,041
    All real estate loans $617,361
    Real estate loans in domestic offices $617,361
    Construction and development loans $21,600
    Residential 1-4 family construction $1,817
    Other construction, all land development and other land $19,783
    Loans secured by nonfarm nonresidential properties $252,317
    Nonfarm nonresidential secured by owner-occupied properties $93,563
    Commercial real estate & other non-farm, non-residential $158,754
    Multifamily residential real estate $150,638
    1-4 family residential loans $192,806
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $62,652
    To non-U.S. addressees $0
    Loans to individuals $1,044
    Credit card loans $0
    Related Plans $549
    Consumer Auto Loans $412
    Other loans to individuals $83
    All other loans & leases $4,984
    Loans to foreign governments and official institutions $0
    Other loans $79
    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 $942
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Westbury Bank had $679,558,000 of loans outstanding in 2018. $617,361,000 of loans were in real estate loans. $21,600,000 of loans were in development loans. $150,638,000 of loans were in multifamily mortgage loans. $192,806,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $412,000 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 295 $123,737 $419,447
    Nonfarm, nonresidential loans - <$100k 33 $408 $12,364
    Nonfarm, nonresidential loans - $100-250k 81 $5,851 $72,235
    Nonfarm, nonresidential loans - $250k-1MM 181 $117,478 $649,050
    Commercial & Industrial, US addressed loans - <$1MM 163 $51,708 $317,227
    Commercial & Industrial, US addressed loans - <$100k 64 $2,349 $36,703
    Commercial & Industrial, US addressed loans - $100-250k 36 $4,008 $111,333
    Commercial & Industrial, US addressed loans - $250k-1MM 63 $45,351 $719,857