Denmark State Bank Mortgage Rates, Fees & Info

Denmark, WI

LEI: 5493004OOUJA3N8LL077

Tax ID: 39-0240160

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Mortgage Data

Bank Data

Review & Overview

Denmark State Bank is a smaller bank specializing in Refi and Cash Out Refi loans. Denmark State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Green Bay, Manitowoc, Shawano, Appleton, and Sheboygan among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

Denmark 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.

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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.63% 3/27/24
30 Year Conventional Refi 6.43% 3/27/24
30 Year Cash-out Refi 6.50% 3/27/24
15 Year Conventional Purchase 5.67% 3/27/24
15 Year Conventional Refi 5.61% 3/27/24
15 Year Cash-out Refi 5.61% 3/27/24
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.

Denmark State Bank Mortgage Calculator






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


Originations

618

Origination Dollar Volume (All Markets)

$111,430,000

Employee count

107

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
GREEN BAY, WI (FHA|USDA|VA) 389 $73,885,000 $189,936 $0 0.00%
Manitowoc, WI (FHA|USDA|VA) 109 $15,155,000 $139,037 $0 0.00%
Shawano, WI (FHA|USDA|VA) 34 $5,660,000 $166,471 $0 0.00%
APPLETON, WI (FHA|USDA|VA) 25 $3,955,000 $158,200 $0 0.00%
Outside of Metro Areas 15 $3,325,000 $221,667 $0 0.00%
SHEBOYGAN, WI (FHA|USDA|VA) 11 $2,735,000 $248,636 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 10 $2,720,000 $272,000 $0 0.00%
Marinette, WI-MI (FHA|USDA|VA) 10 $1,490,000 $149,000 $0 0.00%
WAUSAU-WESTON, WI (FHA|USDA|VA) 3 $715,000 $238,333 $0 0.00%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 5 $575,000 $115,000 $0 0.00%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
FOND DU LAC, WI (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
Iron Mountain, MI-WI (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
RACINE, WI (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
Denmark State Bank's top markets include Green Bay, Manitowoc, Shawano, Appleton, and Sheboygan among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 618 $111,430,000 $180,307 $0 0.00%

    For 2020, Denmark State Bank's most frequently originated type of loan was Conventional, with 618 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 337 $62,685,000 $186,009 $0 0.00%
    Cash Out Refi 150 $25,310,000 $168,733 $0 0.00%
    Home Purchase 116 $21,950,000 $189,224 $0 0.00%
    Other 11 $1,265,000 $115,000 $0 0.00%
    Home Improvement 4 $220,000 $55,000 $0 0.00%

    For 2020, Denmark State Bank's most frequently cited loan purpose was Refi, with 337 originations. The 2nd most popular reason was Cash Out Refi, with 150 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 618 $111,430,000 $180,307 $0 0.00%

    For 2020, Denmark State Bank's most frequently cited loan duration was Other, with 618 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 316 $46,420,000 $146,899 $0 0.00%
    $200k-400k 181 $46,705,000 $258,039 $0 0.00%
    $100,000 or less 106 $8,120,000 $76,604 $0 0.00%
    $400k-600k 12 $5,520,000 $460,000 $0 0.00%
    $1MM+ 2 $3,800,000 $1,900,000 $0 0.00%
    $600k-1MM 1 $865,000 $865,000 $0 0.00%

    2020 saw Denmark State Bank place emphasis on $100k-200k loans with 316 originations, totaling $46,420,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 141 $27,135,000 $192,447 $0 0.00%
    $50k-75k 123 $16,975,000 $138,008 $0 0.00%
    $75k-100k 119 $20,455,000 $171,891 $0 0.00%
    $50k or less 92 $11,070,000 $120,326 $0 0.00%
    $150k-250k 66 $14,550,000 $220,455 $0 0.00%
    $250k+ 31 $9,195,000 $296,613 $0 0.00%

    Denmark State Bank lent most frequently to those with incomes in the $100k-150k range, with 141 originations. The second most popular income band? $50k-75k, with 123 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 618 $111,430,000 $180,307 $0 0.00%

    Denmark State Bank lent most frequently to those with DTI ratios of Exempt%, with 618 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 594 $102,580,000 $172,694 $0 0.00%
    Not applicable 22 $8,430,000 $383,182 $0 0.00%
    Not provided 1 $235,000 $235,000 $0 0.00%
    Asian 1 $185,000 $185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.27%

    Denmark State 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
    91.42%

    Denmark State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 618 $111,430,000 $180,307

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $6,855,000 $761,667
    Single Family (1-4 Units):Manufactured 14 $1,470,000 $105,000
    Single Family (1-4 Units):Site-Built 595 $103,105,000 $173,286

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Denmark State Bank 2040 Kohler Memorial Drive Sheboygan, WI 53081 Full Service B&M $2,244
    Denmark State Bank 103 Main Street Denmark, WI 54208 Full Service B&M $193,047
    Denmark State Bank 1740 Scheuring Road De Pere, WI 54115 Full Service B&M $19,791
    Denmark State Bank 202 North Hickory Street Whitelaw, WI 54247 Full Service B&M $49,447
    Denmark State Bank 2603 Glendale Avenue Green Bay, WI 54313 Full Service B&M $24,461
    Denmark State Bank 2646 Noel Drive Green Bay, WI 54311 Full Service B&M $180,885
    Denmark State Bank 427 Manitowoc Street Reedsville, WI 54230 Full Service B&M $42,000
    Denmark State Bank 835 E. Green Bay Street Shawano, WI 54166 Full Service B&M $20,308

    For 2020, Denmark State Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $22,051
    Net interest income $17,707
    Total noninterest income $4,226
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $426
    Trading account gains and fees $0
    Additional Noninterest Income $3,800
    Pre-tax net operating income $4,992
    Securities gains (or losses, -) $61
    Income before extraordinary items $3,815
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,815
    Minority interest net income $0
    Net income $3,815
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,766

    Denmark State Bank's gross interest income from loans was $22,051,000.
    Denmark State Bank's net interest income from loans was $17,707,000.
    Denmark State Bank's fee based income from loans was $426,000.
    Denmark State Bank's net income from loans was $3,815,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,344
    Provision for credit losses $735
    Total noninterest expense $16,206
    Salaries and employee benefits $10,960
    Premises and equipment expense $1,557
    Additional noninterest expense $3,689
    Applicable income taxes $1,238
    Net charge-offs $-42
    Cash dividends $1,756

    Denmark State Bank's interest expense for loans was $4,344,000.
    Denmark State Bank's payroll and benefits expense were $10,960,000.
    Denmark State Bank's property, plant and equipment expenses $1,557,000.

    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 $572,048
    Deposits held in domestic offices $572,048
    Deposits by Individuals, partnerships, and corporations $557,249
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $14,798
    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 $212,006
    Demand deposits $141,453
    Nontransaction accounts $360,042
    Money market deposit accounts (MMDAs) $151,293
    Other savings deposits (excluding MMDAs) $79,263
    Total time deposits $129,486
    Total time and savings deposits $430,595
    Noninterest-bearing deposits $141,453
    Interest-bearing deposits $430,596
    Retail deposits $551,417
    IRAs and Keogh plan accounts $30,157
    Brokered deposits $5,473
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $646,420
    Cash & Balances due from depository institutions $24,101
    Interest-bearing balances $676
    Total securities $31,387
    Federal funds sold & reverse repurchase $94,210
    Net loans and leases $470,746
    Loan and leases loss allowance $7,668
    Trading account assets $0
    Bank premises and fixed assets $6,865
    Other real estate owned $0
    Goodwill and other intangibles $829
    All other assets $18,282

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $646,420
    Total Liabilities $589,980
    Total deposits $572,048
    Interest-bearing deposits $430,596
    Deposits held in domestic offices $572,048
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $14,067
    Subordinated debt $0
    All other liabilities $3,865

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $470,746
    Loan and leases loss allowance $7,668
    Total loans and leases (domestic) $478,414
    All real estate loans $311,796
    Real estate loans in domestic offices $311,796
    Construction and development loans $21,352
    Residential 1-4 family construction $5,217
    Other construction, all land development and other land $16,135
    Loans secured by nonfarm nonresidential properties $146,985
    Nonfarm nonresidential secured by owner-occupied properties $81,939
    Commercial real estate & other non-farm, non-residential $65,046
    Multifamily residential real estate $15,591
    1-4 family residential loans $54,519
    Farmland loans $73,349
    Loans held in foreign offices $0
    Farm loans $37,874
    Commercial and industrial loans $114,988
    To non-U.S. addressees $0
    Loans to individuals $10,103
    Credit card loans $0
    Related Plans $121
    Consumer Auto Loans $7,638
    Other loans to individuals $2,344
    All other loans & leases $3,653
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $209
    Non 1-4 family restructured loans & leases $209
    Total loans and leases (foreign) $0

    Denmark State Bank had $470,746,000 of loans outstanding in 2020. $311,796,000 of loans were in real estate loans. $21,352,000 of loans were in development loans. $15,591,000 of loans were in multifamily mortgage loans. $54,519,000 of loans were in 1-4 family mortgage loans. $37,874,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,638,000 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 234 $56,594 $241,855
    Nonfarm, nonresidential loans - <$100k 40 $1,996 $49,900
    Nonfarm, nonresidential loans - $100-250k 85 $10,698 $125,859
    Nonfarm, nonresidential loans - $250k-1MM 109 $43,900 $402,752
    Commercial & Industrial, US addressed loans - <$1MM 766 $61,026 $79,668
    Commercial & Industrial, US addressed loans - <$100k 546 $15,842 $29,015
    Commercial & Industrial, US addressed loans - $100-250k 136 $16,352 $120,235
    Commercial & Industrial, US addressed loans - $250k-1MM 84 $28,832 $343,238
    Farmland loans - <$1MM 156 $17,478 $112,038
    Farmland loans - <$100k 38 $1,281 $33,711
    Farmland loans - $100-250k 81 $8,077 $99,716
    Farmland loans - $250k-1MM 37 $8,120 $219,459
    Agriculture operations loans - <$1MM 234 $13,369 $57,132
    Agriculture operations loans - <$100k 173 $4,022 $23,249
    Agriculture operations loans - $100-250k 43 $5,426 $126,186
    Agriculture operations loans - $250k-1MM 18 $3,921 $217,833