Town Bank N.a. Mortgage Rates, Fees & Info
Hartland, WILEI: 54930037K28BC4GVBU20
Tax ID: 39-1934783
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Bank Data
Review & Overview
Town Bank N.a. is a smaller bank specializing in Home Purchase and Refi loans. Town Bank N.a. has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Madison, Dayton, Detroit, and Watertown among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Town Bank N.a. 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.
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Originations
110Origination Dollar Volume (All Markets)
$85,730,000Employee count
184Top 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) | 61 | $42,385,000 | $694,836 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 18 | $14,810,000 | $822,778 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $7,655,000 | $7,655,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $4,375,000 | $4,375,000 | $0 | 0.00% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $3,955,000 | $3,955,000 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 11 | $3,085,000 | $280,455 | $0 | 0.00% |
| Findlay, OH (FHA|USDA|VA) | 1 | $2,815,000 | $2,815,000 | $0 | 0.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $1,605,000 | $1,605,000 | $0 | 0.00% |
| RACINE, WI (FHA|USDA|VA) | 5 | $1,345,000 | $269,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $0 | 0.00% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 110 | $85,730,000 | $779,364 | $0 | 0.00% |
For 2020, Town Bank N.a.'s most frequently originated type of loan was Conventional, with 110 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 54 | $38,570,000 | $714,259 | $0 | 0.00% |
| Refi | 53 | $46,335,000 | $874,245 | $0 | 0.00% |
| Home Improvement | 3 | $825,000 | $275,000 | $0 | 0.00% |
For 2020, Town Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Refi, with 53 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 110 | $85,730,000 | $779,364 | $0 | 0.00% |
For 2020, Town Bank N.a.'s most frequently cited loan duration was Other, with 110 originations.
Loan Sizing
2020 saw Town Bank N.a. place emphasis on $100,000 or less loans with 25 originations, totaling $1,845,000 in origination value.
Applicant Income
Town Bank N.a. lent most frequently to those with incomes in the $50k or less range, with 20 originations. The second most popular income band? $250k+, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 110 | $85,730,000 | $779,364 | $0 | 0.00% |
Town Bank N.a. lent most frequently to those with DTI ratios of Exempt%, with 110 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.41%
Town Bank N.a. has an average approval rate.
Pick Rate
Approvals leading to origination81.82%
Town Bank N.a. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 110 | $85,730,000 | $779,364 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 22 | $54,730,000 | $2,487,727 |
| Single Family (1-4 Units):Site-Built | 88 | $31,000,000 | $352,273 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TOWNEBANK | Conventional home mortgage | Trouble during payment process | 3 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Town Bank, National Association | 10 West Mifflin Street Madison, WI 53703 | Full Service B&M | $68,073 |
| Town Bank, National Association | 101 7-1/2 Street Monroe, WI 53566 | Full Service B&M | $21,519 |
| Town Bank, National Association | 102 West Main Street Albany, WI 53502 | Full Service B&M | $19,389 |
| Town Bank, National Association | 1102 West Wells Street Milwaukee, WI 53233 | Full Service B&M | $2,071 |
| Town Bank, National Association | 114 Plain Street Sharon, WI 53585 | Full Service B&M | $14,707 |
| Town Bank, National Association | 13150 Watertown Plank Road Elm Grove, WI 53122 | Full Service B&M | $106,529 |
| Town Bank, National Association | 140 South 1st Street Milwaukee, WI 53204 | Full Service B&M | $100,745 |
| Town Bank, National Association | 1442 West Wisconsin Avenue Milwaukee, WI 53233 | Full Service B&M | $34,137 |
| Town Bank, National Association | 15815 Highway 81 Darlington, WI 53530 | Full Service B&M | $33,126 |
| Town Bank, National Association | 1605 W Mitchell St Milwaukee, WI 53204 | Full Service B&M | $5,062 |
| Town Bank, National Association | 400 Genesee Street Delafield, WI 53018 | Full Service B&M | $602,326 |
| Town Bank, National Association | 400 Milwaukee Ave Burlington, WI 53105 | Full Service B&M | $130,014 |
| Town Bank, National Association | 401 East Kilbourn Avenue Milwaukee, WI 53202 | Full Service B&M | $253,844 |
| Town Bank, National Association | 4732 West Lisbon Avenue Milwaukee, WI 53208 | Full Service B&M | $3,964 |
| Town Bank, National Association | 5005 East Washington Avenue Racine, WI 53406 | Full Service B&M | $34,668 |
| Town Bank, National Association | 501 Ogden Avenue Clinton, WI 53525 | Full Service B&M | $42,921 |
| Town Bank, National Association | 511 North Wales Road Wales, WI 53183 | Full Service B&M | $53,085 |
| Town Bank, National Association | 550 Commercial Court Lake Geneva, WI 53147 | Full Service B&M | $32,332 |
| Town Bank, National Association | 567 Broad Street Lake Geneva, WI 53147 | Full Service B&M | $95,391 |
| Town Bank, National Association | 671 Kenosha Street Walworth, WI 53184 | Full Service B&M | $50,799 |
| Town Bank, National Association | 7998 South Loomis Road Wind Lake, WI 53185 | Full Service B&M | $64,125 |
| Town Bank, National Association | 820 East Geneva Street Delavan, WI 53115 | Full Service B&M | $95,469 |
| Town Bank, National Association | 850 West North Shore Drive Hartland, WI 53029 | Full Service B&M | $443,439 |
| Town Bank, National Association | N35 W23877 Highfield Court, Suite 100 Pewaukee, WI 53072 | Full Service B&M | $161,348 |
| Town Bank, National Association | N72 W13435 Jacob Lane Menomonee Falls, WI 53051 | Full Service B&M | $107,658 |
For 2020, Town Bank N.a. had 25 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $78,693 |
| Net interest income | $66,471 |
| Total noninterest income | $11,363 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $3,074 |
| Trading account gains and fees | $2,953 |
| Additional Noninterest Income | $5,336 |
| Pre-tax net operating income | $22,132 |
| Securities gains (or losses, -) | $87 |
| Income before extraordinary items | $16,412 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $16,412 |
| Minority interest net income | $0 |
| Net income | $16,412 |
| Sale, conversion, retirement of capital stock, net | $-81 |
| Net operating income | $16,343 |
Town Bank N.a.'s gross interest income from loans was $78,693,000.
Town Bank N.a.'s net interest income from loans was $66,471,000.
Town Bank N.a.'s fee based income from loans was $3,074,000.
Town Bank N.a.'s net income from loans was $16,412,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $12,222 |
| Provision for credit losses | $7,718 |
| Total noninterest expense | $47,984 |
| Salaries and employee benefits | $20,908 |
| Premises and equipment expense | $5,177 |
| Additional noninterest expense | $21,899 |
| Applicable income taxes | $5,807 |
| Net charge-offs | $-63 |
| Cash dividends | $0 |
Town Bank N.a.'s interest expense for loans was $12,222,000.
Town Bank N.a.'s payroll and benefits expense were $20,908,000.
Town Bank N.a.'s property, plant and equipment expenses $5,177,000.
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 | 1.0% |
| 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 | $2,524,246 |
| Deposits held in domestic offices | $2,524,246 |
| Deposits by Individuals, partnerships, and corporations | $2,361,098 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $160,148 |
| Deposits by Commercial banks and other depository institutions in U.S. | $3,000 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $1,041,681 |
| Demand deposits | $920,425 |
| Nontransaction accounts | $1,482,565 |
| Money market deposit accounts (MMDAs) | $1,025,346 |
| Other savings deposits (excluding MMDAs) | $210,809 |
| Total time deposits | $246,410 |
| Total time and savings deposits | $1,603,821 |
| Noninterest-bearing deposits | $733,648 |
| Interest-bearing deposits | $1,790,598 |
| Retail deposits | $2,284,237 |
| IRAs and Keogh plan accounts | $42,903 |
| Brokered deposits | $167,708 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $3,027,707 |
| Cash & Balances due from depository institutions | $423,618 |
| Interest-bearing balances | $391,730 |
| Total securities | $315,730 |
| Federal funds sold & reverse repurchase | $3 |
| Net loans and leases | $2,068,301 |
| Loan and leases loss allowance | $16,155 |
| Trading account assets | $20,132 |
| Bank premises and fixed assets | $46,306 |
| Other real estate owned | $657 |
| Goodwill and other intangibles | $76,426 |
| All other assets | $76,534 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $3,027,707 |
| Total Liabilities | $2,717,697 |
| Total deposits | $2,524,246 |
| Interest-bearing deposits | $1,790,598 |
| Deposits held in domestic offices | $2,524,246 |
| % insured (estimated) | $66 |
| Federal funds purchased and repurchase agreements | $366 |
| Trading liabilities | $20,120 |
| Other borrowed funds | $124,442 |
| Subordinated debt | $0 |
| All other liabilities | $48,523 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $2,068,301 |
| Loan and leases loss allowance | $16,155 |
| Total loans and leases (domestic) | $2,084,456 |
| All real estate loans | $730,701 |
| Real estate loans in domestic offices | $730,701 |
| Construction and development loans | $76,581 |
| Residential 1-4 family construction | $23,964 |
| Other construction, all land development and other land | $52,617 |
| Loans secured by nonfarm nonresidential properties | $300,864 |
| Nonfarm nonresidential secured by owner-occupied properties | $149,915 |
| Commercial real estate & other non-farm, non-residential | $150,949 |
| Multifamily residential real estate | $137,426 |
| 1-4 family residential loans | $173,443 |
| Farmland loans | $42,387 |
| Loans held in foreign offices | $0 |
| Farm loans | $14,146 |
| Commercial and industrial loans | $760,044 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $549,433 |
| Credit card loans | $0 |
| Related Plans | $357 |
| Consumer Auto Loans | $30 |
| Other loans to individuals | $549,046 |
| All other loans & leases | $30,132 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $7,495 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $2,140 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $990 |
| Non 1-4 family restructured loans & leases | $829 |
| Total loans and leases (foreign) | $0 |
Town Bank N.A. had $2,068,301,000 of loans outstanding in 2020. $730,701,000 of loans were in real estate loans. $76,581,000 of loans were in development loans. $137,426,000 of loans were in multifamily mortgage loans. $173,443,000 of loans were in 1-4 family mortgage loans. $14,146,000 of loans were in farm loans. $0 of loans were in credit card loans. $30,000 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 | 325 | $85,227 | $262,237 |
| Nonfarm, nonresidential loans - <$100k | 54 | $2,613 | $48,389 |
| Nonfarm, nonresidential loans - $100-250k | 96 | $13,015 | $135,573 |
| Nonfarm, nonresidential loans - $250k-1MM | 175 | $69,599 | $397,709 |
| Commercial & Industrial, US addressed loans - <$1MM | 14,664 | $338,859 | $23,108 |
| Commercial & Industrial, US addressed loans - <$100k | 13,327 | $110,735 | $8,309 |
| Commercial & Industrial, US addressed loans - $100-250k | 781 | $69,279 | $88,706 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 556 | $158,845 | $285,692 |
| Farmland loans - <$1MM | 174 | $20,762 | $119,322 |
| Farmland loans - <$100k | 46 | $1,664 | $36,174 |
| Farmland loans - $100-250k | 71 | $7,345 | $103,451 |
| Farmland loans - $250k-1MM | 57 | $11,753 | $206,193 |
| Agriculture operations loans - <$1MM | 148 | $8,969 | $60,601 |
| Agriculture operations loans - <$100k | 96 | $2,252 | $23,458 |
| Agriculture operations loans - $100-250k | 39 | $3,749 | $96,128 |
| Agriculture operations loans - $250k-1MM | 13 | $2,968 | $228,308 |