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
  • 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 Refi and Home Purchase 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, Detroit, Madison, Fond Du Lac, and Huntington among others. We have data for 19 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% 4/21/24
    30 Year Conventional Refi 6.58% 4/21/24
    30 Year Cash-out Refi 6.62% 4/21/24
    30 Year FHA Purchase 6.48% 4/21/24
    30 Year VA Purchase 6.40% 4/21/24
    15 Year Conventional Purchase 5.54% 4/21/24
    15 Year Conventional Refi 5.71% 4/21/24
    15 Year Cash-out Refi 5.71% 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.

    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

    657

    Origination Dollar Volume (All Markets)

    $228,195,000

    Employee count

    103 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) 526 $161,110,000 $306,293 $1,130 2.80%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $12,810,000 $6,405,000 $0 3.40%
    MADISON, WI (FHA|USDA|VA) 10 $10,920,000 $1,092,000 $1,073 3.14%
    FOND DU LAC, WI (FHA|USDA|VA) 33 $7,065,000 $214,091 $1,256 2.88%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $7,005,000 $7,005,000 $0 3.20%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $5,405,000 $5,405,000 $0 3.25%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $4,840,000 $2,420,000 $1,777 3.55%
    Beaver Dam, WI (FHA|USDA|VA) 33 $4,355,000 $131,970 $828 2.91%
    SIOUX FALLS, SD (FHA|USDA|VA) 1 $3,605,000 $3,605,000 $0 3.25%
    Outside of Metro Areas 9 $3,505,000 $389,444 $1,807 3.18%
    RACINE, WI (FHA|USDA|VA) 15 $2,715,000 $181,000 $1,721 2.83%
    SHEBOYGAN, WI (FHA|USDA|VA) 10 $1,670,000 $167,000 $1,234 2.80%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 4 $1,130,000 $282,500 $1,349 2.75%
    Stevens Point, WI (FHA|USDA|VA) 1 $425,000 $425,000 $1,344 2.13%
    Whitewater, WI (FHA|USDA|VA) 2 $400,000 $200,000 $1,745 3.19%
    Manitowoc, WI (FHA|USDA|VA) 1 $355,000 $355,000 $500 3.00%
    APPLETON, WI (FHA|USDA|VA) 2 $350,000 $175,000 $1,576 2.81%
    GREEN BAY, WI (FHA|USDA|VA) 2 $270,000 $135,000 $908 2.94%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $260,000 $130,000 $1,786 2.44%
    Westbury Bank's top markets include Milwaukee, Detroit, Madison, Fond Du Lac, and Huntington among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Illinois (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.

    FOND DU LAC
    Similarity Rank: 128
    Fox Valley Savings Bank
    Similarity Rank: 192
    Fortifi Bank
    Similarity Rank: 405
    The Greenwood's State Bank
    Similarity Rank: 500
    VERVE, A CREDIT UNION
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    NORTHWESTERN MUTUAL
    Similarity Rank: 670
    Community First Credit Union
    Similarity Rank: 784
    The Park Bank
    Similarity Rank: 819
    Farmers & Merchants State Bank
    Similarity Rank: 976
    PyraMax Bank, FSB
    Similarity Rank: 1170

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 654 $226,940,000 $347,003 $1,139 2.83%
    VA 2 $1,100,000 $550,000 $2,500 2.56%
    FHA 1 $155,000 $155,000 $5,108 2.50%

    For 2021, Westbury Bank's most frequently originated type of loan was Conventional, with 654 originations. Their 2nd most popular type was VA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 295 $86,695,000 $293,881 $1,070 2.66%
    Cash Out Refi 207 $42,135,000 $203,551 $990 2.90%
    Home Purchase 135 $96,965,000 $718,259 $1,709 3.08%
    Other 11 $1,245,000 $113,182 $356 2.78%
    Home Improvement 9 $1,155,000 $128,333 $726 2.91%

    For 2021, Westbury Bank's most frequently cited loan purpose was Refi, with 295 originations. The 2nd most popular reason was Cash Out Refi, with 207 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 295 $71,095,000 $241,000 $1,551 2.98%
    15 Year 211 $35,565,000 $168,555 $870 2.59%
    10 Year 83 $8,865,000 $106,807 $186 2.77%
    20 Year 23 $4,425,000 $192,391 $1,363 2.83%
    5 Year 17 $66,845,000 $3,932,059 $0 2.98%
    Other 15 $34,085,000 $2,272,333 $375 2.92%
    30+ year 13 $7,315,000 $562,692 $2,642 3.34%

    For 2021, Westbury Bank's most frequently cited loan duration was 30 Year, with 295 originations. The 2nd most popular length was 15 Year, with 211 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 616 $124,140,000 $201,526
    $1k-2k 9 $2,305,000 $256,111
    $2k-3k 2 $1,000,000 $500,000

    Westbury Bank's average total fees were $1,551, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 616 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 398 $78,260,000 $196,633
    3-4% 127 $111,895,000 $881,063
    <2.5% 124 $37,040,000 $298,710
    4-5% 6 $890,000 $148,333
    5-6% 2 $110,000 $55,000

    During 2021, Westbury Bank's average interest rate for loans was 2.98%, while their most frequently originated rate bucket for loans was 2.5-3%, with 398 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 267 $39,615,000 $148,371 $1,159 2.81%
    $200k-400k 208 $56,240,000 $270,385 $1,433 2.82%
    $100,000 or less 109 $7,585,000 $69,587 $354 2.90%
    $400k-600k 44 $21,020,000 $477,727 $1,545 2.81%
    $1MM+ 23 $99,325,000 $4,318,478 $5,028 2.69%
    $600k-1MM 6 $4,410,000 $735,000 $2,715 3.27%

    2021 saw Westbury Bank place emphasis on $100k-200k loans with 267 originations, totaling $39,615,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 145 $22,195,000 $153,069 $1,052 2.88%
    $100k-150k 144 $31,760,000 $220,556 $1,202 2.78%
    $75k-100k 142 $25,990,000 $183,028 $1,147 2.85%
    $150k-250k 91 $26,505,000 $291,264 $1,397 2.77%
    $50k or less 77 $11,555,000 $150,065 $978 2.82%
    $250k+ 20 $8,540,000 $427,000 $1,391 2.81%

    Westbury Bank lent most frequently to those with incomes in the $50k-75k range, with 145 originations. The second most popular income band? $100k-150k, with 144 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 191 $38,225,000 $200,131 $1,214 2.80%
    30-36% 127 $28,155,000 $221,693 $1,174 2.87%
    <20% 117 $20,345,000 $173,889 $1,035 2.75%
    38% 25 $6,295,000 $251,800 $1,284 2.91%
    37% 24 $4,030,000 $167,917 $1,179 2.81%
    >60% 19 $4,025,000 $211,842 $357 2.79%
    36% 19 $3,565,000 $187,632 $1,291 2.80%
    41% 17 $3,335,000 $196,176 $638 2.91%
    42% 16 $3,340,000 $208,750 $1,061 3.08%
    43% 14 $3,190,000 $227,857 $1,240 2.88%
    40% 13 $2,405,000 $185,000 $1,312 2.92%
    44% 11 $1,905,000 $173,182 $1,249 2.93%
    39% 9 $2,025,000 $225,000 $1,073 2.92%
    46% 5 $1,385,000 $277,000 $1,711 2.70%
    47% 5 $1,045,000 $209,000 $1,686 2.78%
    49% 5 $1,405,000 $281,000 $1,393 2.97%
    45% 5 $955,000 $191,000 $1,472 2.48%
    48% 3 $715,000 $238,333 $1,840 2.96%

    Westbury Bank lent most frequently to those with DTI ratios of 20-30%, with 191 originations. The next most common DTI ratio? 30-36%, with 127 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 618 $124,220,000 $201,003 $1,153 2.83%
    Not applicable 28 $100,540,000 $3,590,714 $0 2.87%
    Asian 8 $2,640,000 $330,000 $971 2.56%
    Black 2 $710,000 $355,000 $1,704 2.75%
    Not provided 1 $85,000 $85,000 $0 2.88%

    Approval Rates

    Total approvals of all applications
    95.32%

    Westbury 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
    94.98%

    Westbury Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 657 $228,195,000 $347,329

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    657 $228,195,000 $347,329

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 108 $29,520,000 $273,333 $489 2.75%
    40-60% 183 $46,735,000 $255,383 $1,030 2.65%
    60-80% 255 $108,365,000 $424,961 $1,438 2.90%
    80-100% 83 $41,905,000 $504,880 $1,776 3.03%
    Under 20% 28 $1,670,000 $59,643 $57 3.04%

    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 $88,587
    Westbury Bank 1195 E. Commerce Blvd Slinger, WI 53086 Full Service B&M $90,860
    Westbury Bank 17160 W North Ave Brookfield, WI 53005 Full Service B&M $34,472
    Westbury Bank 25 S. Wacker Drive Hartford, WI 53027 Full Service B&M $47,560
    Westbury Bank 2501 West Washington Street West Bend, WI 53095 Full Service B&M $81,994
    Westbury Bank N112w17171 Mequon Road Germantown, WI 53022 Full Service B&M $92,855
    Westbury Bank N16 W23250 Stone Ride Drive, Suite 5 West Bend, WI 53095 Full Service B&M $134,697
    Westbury Bank N16 W23250 Stone Ridge Drive Pewaukee, WI 53188 Full Service B&M $172,757
    Westbury Bank N168w21920 Main Street Jackson, WI 53037 Full Service B&M $67,334

    For 2021, Westbury Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $28,164
    Net interest income $26,941
    Total noninterest income $7,953
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,272
    Trading account gains and fees $0
    Additional Noninterest Income $6,681
    Pre-tax net operating income $12,780
    Securities gains (or losses, -) $153
    Income before extraordinary items $9,308
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,308
    Minority interest net income $0
    Net income $9,308
    Sale, conversion, retirement of capital stock, net $1,523
    Net operating income $9,187

    Westbury Bank's gross interest income from loans was $28,164,000.
    Westbury Bank's net interest income from loans was $26,941,000.
    Westbury Bank's fee based income from loans was $1,272,000.
    Westbury Bank's net income from loans was $9,308,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,223
    Provision for credit losses $500
    Total noninterest expense $21,614
    Salaries and employee benefits $12,289
    Premises and equipment expense $2,035
    Additional noninterest expense $7,290
    Applicable income taxes $3,625
    Net charge-offs $-12
    Cash dividends $9,150

    Westbury Bank's interest expense for loans was $1,223,000.
    Westbury Bank's payroll and benefits expense were $12,289,000.
    Westbury Bank's property, plant and equipment expenses $2,035,000.

    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 4.0%
    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 $820,588
    Deposits held in domestic offices $820,588
    Deposits by Individuals, partnerships, and corporations $805,759
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $14,569
    Deposits by Commercial banks and other depository institutions in U.S. $261
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $419,221
    Demand deposits $251,880
    Nontransaction accounts $401,368
    Money market deposit accounts (MMDAs) $107,227
    Other savings deposits (excluding MMDAs) $212,133
    Total time deposits $82,006
    Total time and savings deposits $568,709
    Noninterest-bearing deposits $251,889
    Interest-bearing deposits $568,699
    Retail deposits $813,100
    IRAs and Keogh plan accounts $20,631
    Brokered deposits $10
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $915,250
    Cash & Balances due from depository institutions $38,684
    Interest-bearing balances $25,819
    Total securities $167,867
    Federal funds sold & reverse repurchase $0
    Net loans and leases $664,778
    Loan and leases loss allowance $8,997
    Trading account assets $0
    Bank premises and fixed assets $19,490
    Other real estate owned $0
    Goodwill and other intangibles $128
    All other assets $24,303

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $915,250
    Total Liabilities $830,979
    Total deposits $820,588
    Interest-bearing deposits $568,699
    Deposits held in domestic offices $820,588
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $510
    Subordinated debt $0
    All other liabilities $9,881

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $664,778
    Loan and leases loss allowance $8,997
    Total loans and leases (domestic) $673,775
    All real estate loans $571,282
    Real estate loans in domestic offices $571,282
    Construction and development loans $12,269
    Residential 1-4 family construction $2,523
    Other construction, all land development and other land $9,746
    Loans secured by nonfarm nonresidential properties $216,366
    Nonfarm nonresidential secured by owner-occupied properties $83,302
    Commercial real estate & other non-farm, non-residential $133,064
    Multifamily residential real estate $222,095
    1-4 family residential loans $120,552
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $89,240
    To non-U.S. addressees $0
    Loans to individuals $6,355
    Credit card loans $0
    Related Plans $6,054
    Consumer Auto Loans $251
    Other loans to individuals $50
    All other loans & leases $6,897
    Loans to foreign governments and official institutions $0
    Other loans $68
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Westbury Bank had $664,778,000 of loans outstanding in 2021. $571,282,000 of loans were in real estate loans. $12,269,000 of loans were in development loans. $222,095,000 of loans were in multifamily mortgage loans. $120,552,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $251,000 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 142 $107,802 $759,169
    Nonfarm, nonresidential loans - <$100k 2 $39 $19,500
    Nonfarm, nonresidential loans - $100-250k 30 $2,975 $99,167
    Nonfarm, nonresidential loans - $250k-1MM 110 $104,788 $952,618
    Commercial & Industrial, US addressed loans - <$1MM 199 $59,875 $300,879
    Commercial & Industrial, US addressed loans - <$100k 101 $2,966 $29,366
    Commercial & Industrial, US addressed loans - $100-250k 38 $4,214 $110,895
    Commercial & Industrial, US addressed loans - $250k-1MM 60 $52,695 $878,250