Waukesha State Bank Mortgage Rates, Fees & Info

Waukesha, WI

LEI: 5493003H8ECZKN77IZ88

Tax ID: 39-0734270

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

Review & Overview

Waukesha State Bank is a smaller bank specializing in Home Purchase and Refi loans. Waukesha State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Wausau, Racine, Madison, and Green Bay among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

Waukesha State 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. Waukesha State 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
Home Equity Line of Credit (HELOC)	6.34%	11/21/24
30 Year Conventional Purchase	6.28%	11/21/24
30 Year Conventional Refi	6.18%	11/21/24
30 Year Cash-out Refi	6.63%	11/21/24
30 Year FHA Purchase	6.75%	11/21/24
30 Year FHA Refi	7.15%	11/21/24
30 Year VA Purchase	6.16%	11/21/24
15 Year Conventional Purchase	5.92%	11/21/24
15 Year Conventional Refi	5.85%	11/21/24
15 Year Cash-out Refi	5.85%	11/21/24
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.

Waukesha State Bank Mortgage Calculator

Purchase Price:

Loan Amount:

Deposit Amount:

% Deposit:

Interest Rate:

Loan Type:

Your Estimates

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

This is not an official calculator from Waukesha State 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

765

Origination Dollar Volume (All Markets)

$171,745,000

Employee count

282

Awards

Waukesha State Bank 30 Year Conventional Loans gold

Show all (1) 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)	659	$108,145,000	$164,105	$1,786	5.24%
WAUSAU-WESTON, WI (FHA\|USDA\|VA)	5	$17,795,000	$3,559,000	$2,476	4.38%
RACINE, WI (FHA\|USDA\|VA)	26	$12,690,000	$488,077	$1,913	4.88%
MADISON, WI (FHA\|USDA\|VA)	2	$7,290,000	$3,645,000	$0	4.65%
GREEN BAY, WI (FHA\|USDA\|VA)	1	$4,415,000	$4,415,000	$0	4.45%
Beaver Dam, WI (FHA\|USDA\|VA)	10	$4,250,000	$425,000	$1,909	4.71%
Whitewater, WI (FHA\|USDA\|VA)	15	$4,195,000	$279,667	$1,959	4.65%
Watertown-Fort Atkinson, WI (FHA\|USDA\|VA)	20	$3,170,000	$158,500	$2,012	5.19%
Marinette, WI-MI (FHA\|USDA\|VA)	4	$2,990,000	$747,500	$2,130	4.66%
Platteville, WI (FHA\|USDA\|VA)	3	$1,725,000	$575,000	$0	5.00%
Shawano, WI (FHA\|USDA\|VA)	1	$1,685,000	$1,685,000	$0	4.25%
Outside of Metro Areas	6	$1,320,000	$220,000	$2,230	4.85%
SHEBOYGAN, WI (FHA\|USDA\|VA)	7	$735,000	$105,000	$2,634	5.23%
OSHKOSH-NEENAH, WI (FHA\|USDA\|VA)	2	$520,000	$260,000	$2,224	4.13%
FOND DU LAC, WI (FHA\|USDA\|VA)	2	$430,000	$215,000	$2,017	5.05%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	2	$390,000	$195,000	$2,095	4.81%

Waukesha State Bank's top markets include Milwaukee, Wausau, Racine, Madison, and Green Bay among others.

Their top states include:

Wisconsin (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against Waukesha State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

AppleTree Credit Union
Similarity Rank: 10

NORTHWESTERN MUTUAL
Similarity Rank: 12

Kohler Credit Union
Similarity Rank: 128

Empower Credit Union
Similarity Rank: 135

HERITAGE CREDIT UNION
Similarity Rank: 143

The First National Bank and Trust Company
Similarity Rank: 187

The Greenwood's State Bank
Similarity Rank: 195

PRIME FINANCIAL CREDIT UNION
Similarity Rank: 275

Partnership Bank
Similarity Rank: 333

Glacier Hills Credit Union
Similarity Rank: 357

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	548	$155,640,000	$284,015	$1,827	4.87%
HELOC	217	$16,105,000	$74,217	n/a	5.99%

For 2018, Waukesha State Bank's most frequently originated type of loan was Conventional, with 548 originations. Their 2nd most popular type was HELOC, with 217 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	329	$85,365,000	$259,468	$2,051	4.86%
Refi	215	$68,305,000	$317,698	$1,589	4.96%
Home Improvement	98	$6,170,000	$62,959	$478	6.25%
Other	86	$5,840,000	$67,907	$160	6.13%
Cash Out Refi	37	$6,065,000	$163,919	$2,174	4.49%

For 2018, Waukesha State Bank's most frequently cited loan purpose was Home Purchase, with 329 originations. The 2nd most popular reason was Refi, with 215 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	333	$76,085,000	$228,483	$2,093	4.66%
5 Year	232	$35,640,000	$153,621	$200	5.85%
Other	88	$27,080,000	$307,727	$1,508	5.73%
15 Year	37	$6,015,000	$162,568	$1,909	4.42%
10 Year	32	$1,120,000	$35,000	$228	5.64%
20 Year	15	$2,875,000	$191,667	$2,239	4.27%
1 Year	14	$4,610,000	$329,286	$2,174	5.59%
3 Year	14	$18,320,000	$1,308,571	$0	5.08%

For 2018, Waukesha State Bank's most frequently cited loan duration was 30 Year, with 333 originations. The 2nd most popular length was 5 Year, with 232 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	325	$62,085,000	$191,031
$1k-2k	114	$25,180,000	$220,877
$2k-3k	16	$3,750,000	$234,375
$3k-4k	6	$1,310,000	$218,333
$4k-5k	3	$805,000	$268,333
$5k+	1	$245,000	$245,000

Waukesha State Bank's average total fees were $2,093, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 325 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	399	$109,785,000	$275,150
5-6%	206	$41,210,000	$200,049
3-4%	61	$14,605,000	$239,426
6-7%	43	$2,595,000	$60,349
7-8%	28	$1,940,000	$69,286
Over 8%	26	$1,300,000	$50,000

During 2018, Waukesha State Bank's average interest rate for loans was 4.66%, while their most frequently originated rate bucket for loans was 4-5%, with 399 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	289	$15,285,000	$52,889	$1,031	5.84%
$100k-200k	242	$35,500,000	$146,694	$2,007	4.89%
$200k-400k	168	$47,340,000	$281,786	$2,166	4.72%
$400k-600k	43	$19,595,000	$455,698	$1,973	4.61%
$1MM+	14	$47,570,000	$3,397,857	$1,998	4.79%
$600k-1MM	9	$6,455,000	$717,222	$1,668	4.90%

2018 saw Waukesha State Bank place emphasis on $100,000 or less loans with 289 originations, totaling $15,285,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	156	$18,630,000	$119,423	$1,633	5.16%
$100k-150k	143	$25,975,000	$181,643	$2,037	5.21%
$75k-100k	126	$19,650,000	$155,952	$1,928	5.24%
$150k-250k	117	$22,425,000	$191,667	$1,848	5.38%
$50k or less	85	$9,855,000	$115,941	$1,960	4.94%
$250k+	38	$11,160,000	$293,684	$1,881	5.05%

Waukesha State Bank lent most frequently to those with incomes in the $50k-75k range, with 156 originations. The second most popular income band? $100k-150k, with 143 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	182	$24,930,000	$136,978	$1,771	5.34%
30-36%	172	$27,640,000	$160,698	$1,801	5.14%
<20%	66	$7,480,000	$113,333	$1,947	5.21%
39%	34	$4,180,000	$122,941	$1,499	5.87%
40%	29	$7,715,000	$266,034	$1,969	4.83%
38%	28	$3,880,000	$138,571	$1,533	5.29%
42%	24	$6,040,000	$251,667	$1,937	4.62%
36%	23	$3,675,000	$159,783	$1,820	5.00%
37%	22	$4,290,000	$195,000	$1,936	4.73%
44%	20	$3,510,000	$175,500	$1,909	4.97%
45%	15	$2,285,000	$152,333	$1,728	5.03%
41%	15	$4,075,000	$271,667	$2,036	5.14%
43%	12	$1,490,000	$124,167	$1,655	5.70%
49%	12	$2,570,000	$214,167	$1,867	4.85%
46%	10	$2,310,000	$231,000	$2,486	4.83%
47%	6	$1,390,000	$231,667	$1,911	5.01%
48%	3	$405,000	$135,000	$3,002	4.57%
>60%	3	$885,000	$295,000	$1,989	4.79%
50-60%	2	$410,000	$205,000	$2,367	4.63%

Waukesha State Bank lent most frequently to those with DTI ratios of 20-30%, with 182 originations. The next most common DTI ratio? 30-36%, with 172 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	619	$99,175,000	$160,218	$1,829	5.19%
Not applicable	85	$62,195,000	$731,706	$65	5.29%
Not provided	35	$4,595,000	$131,286	$1,658	5.25%
Asian	13	$3,105,000	$238,846	$2,245	4.37%
Black	11	$2,295,000	$208,636	$1,998	5.28%
American Indian	2	$380,000	$190,000	$2,353	4.50%

Approval Rates

Total approvals of all applications
91.43%

Waukesha State Bank has an average approval rate.

Pick Rate

Approvals leading to origination
89.02%

Waukesha State Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	765	$171,745,000	$224,503

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	29	$52,735,000	$1,818,448
Single Family (1-4 Units):Site-Built	736	$119,010,000	$161,698

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	122	$11,800,000	$96,721	$1,140	5.67%
40-60%	65	$10,985,000	$169,000	$1,702	4.75%
60-80%	185	$73,385,000	$396,676	$2,144	4.73%
80-100%	233	$68,505,000	$294,013	$2,146	4.82%
Under 20%	160	$7,070,000	$44,188	$132	6.08%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Waukesha State Bank	1111 Delafield Street Waukesha, WI 53188	Limited, Drive-thru	$0
Waukesha State Bank	1160 North Rochester Street Mukwonago, WI 53149	Full Service B&M	$20,717
Waukesha State Bank	1227 Corporate Center Drive Oconomowoc, WI 53066	Full Service B&M	$40,237
Waukesha State Bank	1230 Capitol Drive Pewaukee, WI 53072	Full Service Retail	$48,999
Waukesha State Bank	14000 West National Avenue New Berlin, WI 53151	Full Service B&M	$16,588
Waukesha State Bank	151 East St. Paul Avenue Waukesha, WI 53188	Full Service B&M	$356,787
Waukesha State Bank	1640 E Main Street Waukesha, WI 53186	Full Service Retail	$50,598
Waukesha State Bank	1709 East Racine Avenue Waukesha, WI 53186	Full Service B&M	$27,684
Waukesha State Bank	1810 Kensington Drive Waukesha, WI 53188	Limited, Mobile/Seasonal Office	$0
Waukesha State Bank	18300 West Capitol Drive Brookfield, WI 53045	Full Service B&M	$29,332
Waukesha State Bank	222 Park Place Waukesha, WI 53186	Limited, Mobile/Seasonal Office	$0
Waukesha State Bank	2501 Summit Avenue Waukesha, WI 53188	Limited, Mobile/Seasonal Office	$0
Waukesha State Bank	3000 North Grandview Boulevard Waukesha, WI 53188	Limited, Drive-thru	$0
Waukesha State Bank	3293 Golf Road Delafield, WI 53018	Full Service Retail	$45,656
Waukesha State Bank	700 Quinlan Dr. Pewaukee, WI 53072	Limited, Mobile/Seasonal Office	$0
Waukesha State Bank	701 North Meadowbrook Road Waukesha, WI 53188	Full Service Retail	$24,756
Waukesha State Bank	S31w25995 Sunset Drive Waukesha, WI 53188	Full Service B&M	$57,956
Waukesha State Bank	S69w15273 Janesville Road Muskego, WI 53150	Full Service B&M	$23,665
Waukesha State Bank	W249 N6688 State Highway 164 Sussex, WI 53089	Full Service B&M	$32,817

For 2018, Waukesha State Bank had 19 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$38,451
Net interest income	$35,980
Total noninterest income	$13,683
Gross Fiduciary activities income	$3,654
Service charges on deposit accounts	$2,240
Trading account gains and fees	$0
Additional Noninterest Income	$7,789
Pre-tax net operating income	$18,818
Securities gains (or losses, -)	$-837
Income before extraordinary items	$17,981
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$17,981
Minority interest net income	$0
Net income	$17,981
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$18,818

Waukesha State Bank's gross interest income from loans was $38,451,000.
Waukesha State Bank's net interest income from loans was $35,980,000.
Waukesha State Bank's fee based income from loans was $2,240,000.
Waukesha State Bank's net income from loans was $17,981,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$2,471
Provision for credit losses	$-360
Total noninterest expense	$31,205
Salaries and employee benefits	$20,837
Premises and equipment expense	$3,112
Additional noninterest expense	$7,256
Applicable income taxes	$0
Net charge-offs	$-360
Cash dividends	$20,033

Waukesha State Bank's interest expense for loans was $2,471,000.
Waukesha State Bank's payroll and benefits expense were $20,837,000.
Waukesha State Bank's property, plant and equipment expenses $3,112,000.

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	1.0%
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	$827,867
Deposits held in domestic offices	$827,867
Deposits by Individuals, partnerships, and corporations	$712,067
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$115,800
Deposits by Commercial banks and other depository institutions in U.S.	$0
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$155,087
Demand deposits	$76,591
Nontransaction accounts	$672,780
Money market deposit accounts (MMDAs)	$101,725
Other savings deposits (excluding MMDAs)	$534,293
Total time deposits	$36,761
Total time and savings deposits	$751,276
Noninterest-bearing deposits	$260,347
Interest-bearing deposits	$567,520
Retail deposits	$824,470
IRAs and Keogh plan accounts	$11,781
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$974,926
Cash & Balances due from depository institutions	$44,465
Interest-bearing balances	$11,930
Total securities	$249,204
Federal funds sold & reverse repurchase	$0
Net loans and leases	$623,901
Loan and leases loss allowance	$5,900
Trading account assets	$0
Bank premises and fixed assets	$24,064
Other real estate owned	$884
Goodwill and other intangibles	$0
All other assets	$32,408

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$974,926
Total Liabilities	$866,728
Total deposits	$827,867
Interest-bearing deposits	$567,520
Deposits held in domestic offices	$827,867
% insured (estimated)	$75
Federal funds purchased and repurchase agreements	$31,919
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$6,942

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$623,901
Loan and leases loss allowance	$5,900
Total loans and leases (domestic)	$629,801
All real estate loans	$531,813
Real estate loans in domestic offices	$531,813
Construction and development loans	$39,824
Residential 1-4 family construction	$19,778
Other construction, all land development and other land	$20,046
Loans secured by nonfarm nonresidential properties	$197,261
Nonfarm nonresidential secured by owner-occupied properties	$158,466
Commercial real estate & other non-farm, non-residential	$38,795
Multifamily residential real estate	$74,215
1-4 family residential loans	$219,993
Farmland loans	$520
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$83,191
To non-U.S. addressees	$0
Loans to individuals	$6,209
Credit card loans	$4,636
Related Plans	$21
Consumer Auto Loans	$925
Other loans to individuals	$627
All other loans & leases	$8,588
Loans to foreign governments and official institutions	$0
Other loans	$336
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	$62
Non 1-4 family restructured loans & leases	$16
Total loans and leases (foreign)	$0

Waukesha State Bank had $623,901,000 of loans outstanding in 2018. $531,813,000 of loans were in real estate loans. $39,824,000 of loans were in development loans. $74,215,000 of loans were in multifamily mortgage loans. $219,993,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $4,636,000 of loans were in credit card loans. $925,000 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	403	$94,987	$235,700
Nonfarm, nonresidential loans - <$100k	82	$3,444	$42,000
Nonfarm, nonresidential loans - $100-250k	135	$17,200	$127,407
Nonfarm, nonresidential loans - $250k-1MM	186	$74,343	$399,694
Commercial & Industrial, US addressed loans - <$1MM	576	$48,938	$84,962
Commercial & Industrial, US addressed loans - <$100k	330	$7,660	$23,212
Commercial & Industrial, US addressed loans - $100-250k	143	$11,655	$81,503
Commercial & Industrial, US addressed loans - $250k-1MM	103	$29,623	$287,602
Farmland loans - <$1MM	6	$520	$86,667
Farmland loans - <$100k	3	$85	$28,333
Farmland loans - $100-250k	3	$435	$145,000