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

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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

    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, Racine, Whitewater, Green Bay, and Watertown among others. We have data for 20 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 an above 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.

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    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






    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

    917

    Origination Dollar Volume (All Markets)

    $203,655,000

    Employee count

    293

    Awards

    Waukesha State Bank 30 Year Conventional Loans bronze Waukesha State Bank 30 Year Conventional Loans silver Waukesha State Bank 30 Year Conventional Loans gold
    Show all (3) 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) 819 $174,545,000 $213,120 $1,724 4.81%
    RACINE, WI (FHA|USDA|VA) 27 $5,575,000 $206,481 $1,731 4.57%
    Whitewater, WI (FHA|USDA|VA) 12 $4,790,000 $399,167 $2,238 4.35%
    GREEN BAY, WI (FHA|USDA|VA) 1 $4,285,000 $4,285,000 $0 4.45%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 17 $2,815,000 $165,588 $1,417 5.03%
    Beaver Dam, WI (FHA|USDA|VA) 8 $1,970,000 $246,250 $3,819 3.90%
    Outside of Metro Areas 13 $1,745,000 $134,231 $1,875 4.51%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $1,605,000 $1,605,000 $4,121 4.50%
    Manitowoc, WI (FHA|USDA|VA) 1 $1,225,000 $1,225,000 $0 4.35%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $1,045,000 $1,045,000 $0 5.00%
    MADISON, WI (FHA|USDA|VA) 2 $780,000 $390,000 $2,429 4.50%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $665,000 $221,667 $1,844 4.58%
    Marinette, WI-MI (FHA|USDA|VA) 1 $515,000 $515,000 $0 5.50%
    SHEBOYGAN, WI (FHA|USDA|VA) 3 $475,000 $158,333 $2,928 6.04%
    FOND DU LAC, WI (FHA|USDA|VA) 3 $395,000 $131,667 $2,104 5.25%
    Stevens Point, WI (FHA|USDA|VA) 1 $335,000 $335,000 $2,367 3.88%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $285,000 $285,000 $2,639 4.88%
    Baraboo, WI (FHA|USDA|VA) 1 $255,000 $255,000 $2,421 4.20%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $215,000 $215,000 $1,768 4.00%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $135,000 $135,000 $2,402 4.35%
    Waukesha State Bank's top markets include Milwaukee, Racine, Whitewater, Green Bay, and Watertown among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Arizona (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: 8
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    Similarity Rank: 306
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    Similarity Rank: 374
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    Similarity Rank: 418
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    Similarity Rank: 437
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    Similarity Rank: 600
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    Similarity Rank: 728

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 702 $185,290,000 $263,946 $1,722 4.43%
    HELOC 209 $16,535,000 $79,115 n/a 6.03%
    VA 6 $1,830,000 $305,000 $6,789 3.52%

    For 2019, Waukesha State Bank's most frequently originated type of loan was Conventional, with 702 originations. Their 2nd most popular type was HELOC, with 209 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 347 $78,865,000 $227,277 $2,038 4.52%
    Refi 321 $84,645,000 $263,692 $1,605 4.63%
    Cash Out Refi 87 $19,735,000 $226,839 $1,843 4.15%
    Home Improvement 86 $15,130,000 $175,930 $344 5.95%
    Other 76 $5,280,000 $69,474 $128 6.15%

    For 2019, Waukesha State Bank's most frequently cited loan purpose was Home Purchase, with 347 originations. The 2nd most popular reason was Refi, with 321 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 445 $112,465,000 $252,730 $2,002 4.23%
    5 Year 201 $34,245,000 $170,373 $141 5.83%
    Other 132 $28,450,000 $215,530 $1,751 5.76%
    15 Year 62 $12,310,000 $198,548 $1,674 3.74%
    10 Year 34 $4,980,000 $146,471 $559 4.54%
    20 Year 27 $6,915,000 $256,111 $1,819 3.95%
    1 Year 13 $3,925,000 $301,923 $1,915 5.37%
    3 Year 3 $365,000 $121,667 $0 6.08%

    For 2019, Waukesha State Bank's most frequently cited loan duration was 30 Year, with 445 originations. The 2nd most popular length was 5 Year, with 201 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 477 $106,105,000 $222,442
    $1k-2k 155 $38,485,000 $248,290
    $2k-3k 8 $2,330,000 $291,250
    $3k-4k 8 $1,640,000 $205,000
    $4k-5k 1 $205,000 $205,000
    $5k+ 1 $465,000 $465,000

    Waukesha State Bank's average total fees were $2,002, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 477 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 306 $82,320,000 $269,020
    4-5% 301 $84,435,000 $280,515
    5-6% 190 $27,140,000 $142,842
    6-7% 54 $4,790,000 $88,704
    7-8% 42 $2,140,000 $50,952
    Over 8% 18 $1,240,000 $68,889
    2.5-3% 4 $1,010,000 $252,500

    During 2019, Waukesha State Bank's average interest rate for loans was 4.23%, while their most frequently originated rate bucket for loans was 3-4%, with 306 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 283 $41,245,000 $145,742 $1,857 4.59%
    $200k-400k 282 $77,040,000 $273,191 $1,926 4.31%
    $100,000 or less 269 $13,745,000 $51,097 $830 5.72%
    $400k-600k 60 $28,390,000 $473,167 $2,315 4.08%
    $1MM+ 13 $36,155,000 $2,781,154 $3,143 4.32%
    $600k-1MM 10 $7,080,000 $708,000 $1,934 4.20%

    2019 saw Waukesha State Bank place emphasis on $100k-200k loans with 283 originations, totaling $41,245,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 188 $39,590,000 $210,585 $1,911 4.69%
    $50k-75k 186 $24,910,000 $133,925 $1,661 4.79%
    $150k-250k 156 $37,310,000 $239,167 $1,948 4.81%
    $75k-100k 155 $26,565,000 $171,387 $1,762 4.90%
    $50k or less 92 $10,740,000 $116,739 $1,658 4.67%
    $250k+ 59 $22,795,000 $386,356 $1,954 4.60%

    Waukesha State Bank lent most frequently to those with incomes in the $100k-150k range, with 188 originations. The second most popular income band? $50k-75k, with 186 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 246 $48,900,000 $198,780 $1,726 4.70%
    30-36% 190 $33,450,000 $176,053 $1,826 4.82%
    <20% 94 $17,280,000 $183,830 $1,693 4.68%
    39% 47 $7,665,000 $163,085 $1,793 5.14%
    38% 43 $7,925,000 $184,302 $1,495 5.09%
    41% 38 $8,510,000 $223,947 $1,931 4.79%
    42% 34 $6,540,000 $192,353 $1,673 4.79%
    37% 30 $6,110,000 $203,667 $1,353 4.74%
    36% 29 $5,305,000 $182,931 $2,228 5.04%
    40% 27 $5,535,000 $205,000 $1,579 4.44%
    43% 19 $3,545,000 $186,579 $1,928 4.22%
    45% 11 $2,695,000 $245,000 $1,773 4.47%
    48% 10 $2,060,000 $206,000 $1,848 4.53%
    47% 9 $2,145,000 $238,333 $1,923 4.37%
    46% 8 $1,450,000 $181,250 $1,691 4.12%
    49% 8 $1,880,000 $235,000 $2,911 4.14%
    44% 7 $1,325,000 $189,286 $1,897 4.16%
    >60% 6 $2,420,000 $403,333 $1,897 5.10%
    50-60% 5 $1,185,000 $237,000 $1,865 4.70%

    Waukesha State Bank lent most frequently to those with DTI ratios of 20-30%, with 246 originations. The next most common DTI ratio? 30-36%, with 190 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 815 $154,465,000 $189,528 $1,762 4.76%
    Not applicable 55 $37,615,000 $683,909 $0 5.45%
    Not provided 18 $4,960,000 $275,556 $1,918 4.41%
    Asian 16 $4,870,000 $304,375 $1,909 4.64%
    Black 11 $1,385,000 $125,909 $1,832 4.68%
    Native Hawaiian 1 $285,000 $285,000 $1,288 4.00%
    American Indian 1 $75,000 $75,000 $0 5.50%

    Approval Rates

    Total approvals of all applications
    93.64%

    Waukesha State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.38%

    Waukesha State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 917 $203,655,000 $222,088

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 19 $31,615,000 $1,663,947
    Single Family (1-4 Units):Site-Built 898 $172,040,000 $191,581

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 136 $14,970,000 $110,074 $1,351 5.22%
    40-60% 88 $17,910,000 $203,523 $1,739 4.42%
    60-80% 251 $76,895,000 $306,355 $1,909 4.30%
    80-100% 281 $86,065,000 $306,281 $1,972 4.46%
    Over 100% 3 $1,205,000 $401,667 $14,425 4.83%
    Under 20% 158 $6,610,000 $41,835 $136 6.00%

    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 $20,316
    Waukesha State Bank 1227 Corporate Center Drive Oconomowoc, WI 53066 Full Service B&M $45,514
    Waukesha State Bank 1230 Capitol Drive Pewaukee, WI 53072 Full Service Retail $44,265
    Waukesha State Bank 14000 West National Avenue New Berlin, WI 53151 Full Service B&M $15,860
    Waukesha State Bank 151 East St. Paul Avenue Waukesha, WI 53188 Full Service B&M $349,987
    Waukesha State Bank 1640 E Main Street Waukesha, WI 53186 Full Service Retail $55,653
    Waukesha State Bank 1709 E Racine Ave Waukesha, WI 53186 Full Service B&M $29,101
    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 $33,493
    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 $46,603
    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 $25,588
    Waukesha State Bank S31w25995 Sunset Drive Waukesha, WI 53188 Full Service B&M $60,024
    Waukesha State Bank S69w15273 Janesville Road Muskego, WI 53150 Full Service B&M $25,036
    Waukesha State Bank W249 N6688 State Highway 164 Sussex, WI 53089 Full Service B&M $31,922

    For 2019, Waukesha State Bank had 19 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $41,713
    Net interest income $38,164
    Total noninterest income $15,852
    Gross Fiduciary activities income $4,472
    Service charges on deposit accounts $2,163
    Trading account gains and fees $0
    Additional Noninterest Income $9,217
    Pre-tax net operating income $18,807
    Securities gains (or losses, -) $336
    Income before extraordinary items $17,581
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $17,581
    Minority interest net income $0
    Net income $17,581
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $17,271

    Waukesha State Bank's gross interest income from loans was $41,713,000.
    Waukesha State Bank's net interest income from loans was $38,164,000.
    Waukesha State Bank's fee based income from loans was $2,163,000.
    Waukesha State Bank's net income from loans was $17,581,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,549
    Provision for credit losses $27
    Total noninterest expense $35,182
    Salaries and employee benefits $24,295
    Premises and equipment expense $3,130
    Additional noninterest expense $7,757
    Applicable income taxes $1,562
    Net charge-offs $27
    Cash dividends $6,418

    Waukesha State Bank's interest expense for loans was $3,549,000.
    Waukesha State Bank's payroll and benefits expense were $24,295,000.
    Waukesha State Bank's property, plant and equipment expenses $3,130,000.

    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 $840,813
    Deposits held in domestic offices $840,813
    Deposits by Individuals, partnerships, and corporations $712,404
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $128,409
    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 $177,357
    Demand deposits $90,861
    Nontransaction accounts $663,456
    Money market deposit accounts (MMDAs) $117,176
    Other savings deposits (excluding MMDAs) $510,758
    Total time deposits $35,521
    Total time and savings deposits $749,952
    Noninterest-bearing deposits $251,970
    Interest-bearing deposits $588,843
    Retail deposits $837,624
    IRAs and Keogh plan accounts $11,694
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,027,190
    Cash & Balances due from depository institutions $66,431
    Interest-bearing balances $44,539
    Total securities $210,196
    Federal funds sold & reverse repurchase $0
    Net loans and leases $690,863
    Loan and leases loss allowance $5,900
    Trading account assets $0
    Bank premises and fixed assets $23,749
    Other real estate owned $355
    Goodwill and other intangibles $0
    All other assets $35,596

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,027,190
    Total Liabilities $900,141
    Total deposits $840,813
    Interest-bearing deposits $588,843
    Deposits held in domestic offices $840,813
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $50,580
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $8,748

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $690,863
    Loan and leases loss allowance $5,900
    Total loans and leases (domestic) $696,763
    All real estate loans $594,367
    Real estate loans in domestic offices $594,367
    Construction and development loans $67,983
    Residential 1-4 family construction $44,587
    Other construction, all land development and other land $23,396
    Loans secured by nonfarm nonresidential properties $213,457
    Nonfarm nonresidential secured by owner-occupied properties $168,571
    Commercial real estate & other non-farm, non-residential $44,886
    Multifamily residential real estate $69,860
    1-4 family residential loans $242,685
    Farmland loans $382
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $89,637
    To non-U.S. addressees $0
    Loans to individuals $7,107
    Credit card loans $4,788
    Related Plans $151
    Consumer Auto Loans $1,059
    Other loans to individuals $1,109
    All other loans & leases $5,652
    Loans to foreign governments and official institutions $0
    Other loans $501
    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 $736
    Non 1-4 family restructured loans & leases $590
    Total loans and leases (foreign) $0

    Waukesha State Bank had $690,863,000 of loans outstanding in 2019. $594,367,000 of loans were in real estate loans. $67,983,000 of loans were in development loans. $69,860,000 of loans were in multifamily mortgage loans. $242,685,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $4,788,000 of loans were in credit card loans. $1,059,000 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 447 $106,820 $238,971
    Nonfarm, nonresidential loans - <$100k 89 $3,362 $37,775
    Nonfarm, nonresidential loans - $100-250k 140 $17,973 $128,379
    Nonfarm, nonresidential loans - $250k-1MM 218 $85,485 $392,133
    Commercial & Industrial, US addressed loans - <$1MM 611 $48,218 $78,917
    Commercial & Industrial, US addressed loans - <$100k 346 $8,249 $23,841
    Commercial & Industrial, US addressed loans - $100-250k 160 $13,077 $81,731
    Commercial & Industrial, US addressed loans - $250k-1MM 105 $26,892 $256,114
    Farmland loans - <$1MM 5 $382 $76,400
    Farmland loans - <$100k 2 $73 $36,500
    Farmland loans - $100-250k 3 $309 $103,000