Denmark State Bank Mortgage Rates, Fees & Info

Denmark, WI

LEI: 5493004OOUJA3N8LL077

Tax ID: 39-0240160

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

    Denmark State Bank is a smaller bank specializing in Home Purchase, 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, Appleton, Manitowoc, Shawano, and Sheboygan among others. We have data for 17 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. Denmark 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
    30 Year Conventional Purchase 6.63% 4/21/24
    30 Year Conventional Refi 6.43% 4/21/24
    30 Year Cash-out Refi 6.50% 4/21/24
    15 Year Conventional Purchase 5.67% 4/21/24
    15 Year Conventional Refi 5.61% 4/21/24
    15 Year Cash-out Refi 5.61% 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.

    Denmark State Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Denmark 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

    500

    Origination Dollar Volume (All Markets)

    $106,160,000

    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
    GREEN BAY, WI (FHA|USDA|VA) 308 $66,870,000 $217,110 $1,615 3.03%
    APPLETON, WI (FHA|USDA|VA) 17 $14,155,000 $832,647 $1,806 3.25%
    Manitowoc, WI (FHA|USDA|VA) 100 $13,760,000 $137,600 $1,588 2.91%
    Outside of Metro Areas 22 $3,150,000 $143,182 $1,332 3.02%
    Shawano, WI (FHA|USDA|VA) 14 $2,360,000 $168,571 $1,132 3.03%
    SHEBOYGAN, WI (FHA|USDA|VA) 11 $1,545,000 $140,455 $1,727 3.25%
    Marinette, WI-MI (FHA|USDA|VA) 7 $1,135,000 $162,143 $1,827 2.90%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 4 $670,000 $167,500 $1,699 3.38%
    FOND DU LAC, WI (FHA|USDA|VA) 4 $600,000 $150,000 $1,298 2.78%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 3 $415,000 $138,333 $2,208 3.00%
    Stevens Point, WI (FHA|USDA|VA) 2 $320,000 $160,000 $1,579 2.88%
    MADISON, WI (FHA|USDA|VA) 2 $290,000 $145,000 $2,201 2.94%
    LOGAN, UT-ID (FHA|USDA|VA) 1 $235,000 $235,000 $0 3.85%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $225,000 $225,000 $0 3.95%
    Iron Mountain, MI-WI (FHA|USDA|VA) 2 $210,000 $105,000 $718 3.19%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $155,000 $155,000 $1,753 2.50%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $65,000 $65,000 $1,273 2.38%
    Denmark State Bank's top markets include Green Bay, Appleton, Manitowoc, Shawano, and Sheboygan among others.

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

    • Similar Lenders

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

    PROSPERA Credit Union
    Similarity Rank: 80
    Fox Valley Savings Bank
    Similarity Rank: 240
    UNITEDONE Credit Union
    Similarity Rank: 240
    Wolf River Community Bank
    Similarity Rank: 300
    The Stephenson National Bank and Trust
    Similarity Rank: 360
    National Exchange Bank and Trust
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    CIBM Bank
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    CAPITAL Credit Union
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    Similarity Rank: 484
    BLC Community Bank
    Similarity Rank: 555

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 500 $106,160,000 $212,320 $1,592 3.02%

    For 2021, Denmark State Bank's most frequently originated type of loan was Conventional, with 500 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 173 $50,275,000 $290,607 $2,042 3.22%
    Refi 166 $29,030,000 $174,880 $1,386 2.88%
    Cash Out Refi 142 $23,930,000 $168,521 $1,406 2.94%
    Other 15 $2,375,000 $158,333 $1,350 2.93%
    Home Improvement 4 $550,000 $137,500 $1,270 3.06%

    For 2021, Denmark State Bank's most frequently cited loan purpose was Home Purchase, with 173 originations. The 2nd most popular reason was Refi, with 166 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 214 $39,930,000 $186,589 $1,907 3.08%
    15 Year 169 $25,585,000 $151,391 $1,334 2.66%
    10 Year 37 $13,395,000 $362,027 $954 2.91%
    5 Year 35 $7,745,000 $221,286 $0 4.03%
    20 Year 32 $4,770,000 $149,063 $1,525 2.89%
    Other 7 $2,815,000 $402,143 $0 4.87%
    3 Year 4 $11,570,000 $2,892,500 $0 4.06%
    1 Year 2 $350,000 $175,000 $0 4.61%

    For 2021, Denmark State Bank's most frequently cited loan duration was 30 Year, with 214 originations. The 2nd most popular length was 15 Year, with 169 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 431 $69,575,000 $161,427
    $1k-2k 16 $4,040,000 $252,500
    $2k-3k 1 $215,000 $215,000
    $3k-4k 1 $275,000 $275,000

    Denmark State Bank's average total fees were $1,907, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 431 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 225 $36,545,000 $162,422
    3-4% 162 $48,890,000 $301,790
    <2.5% 92 $12,770,000 $138,804
    4-5% 18 $7,680,000 $426,667
    5-6% 2 $190,000 $95,000
    6-7% 1 $85,000 $85,000

    During 2021, Denmark State Bank's average interest rate for loans was 3.08%, while their most frequently originated rate bucket for loans was 2.5-3%, with 225 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 233 $34,005,000 $145,944 $1,584 2.93%
    $100,000 or less 126 $9,770,000 $77,540 $1,327 3.01%
    $200k-400k 121 $31,155,000 $257,479 $1,840 3.16%
    $400k-600k 13 $6,145,000 $472,692 $1,880 3.20%
    $1MM+ 5 $23,695,000 $4,739,000 $0 3.66%
    $600k-1MM 2 $1,390,000 $695,000 $2,869 2.94%

    2021 saw Denmark State Bank place emphasis on $100k-200k loans with 233 originations, totaling $34,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 122 $22,520,000 $184,590 $1,620 2.88%
    $50k-75k 94 $13,610,000 $144,787 $1,627 2.92%
    $50k or less 84 $8,650,000 $102,976 $1,539 2.89%
    $75k-100k 78 $13,230,000 $169,615 $1,524 2.89%
    $150k-250k 55 $11,725,000 $213,182 $1,676 2.96%
    $250k+ 13 $3,875,000 $298,077 $1,745 3.07%

    Denmark State Bank lent most frequently to those with incomes in the $100k-150k range, with 122 originations. The second most popular income band? $50k-75k, with 94 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 137 $22,395,000 $163,467 $1,646 2.85%
    30-36% 98 $15,710,000 $160,306 $1,601 2.89%
    <20% 89 $12,905,000 $145,000 $1,343 2.78%
    41% 22 $3,660,000 $166,364 $1,478 3.02%
    37% 13 $2,875,000 $221,154 $1,597 2.78%
    38% 12 $2,390,000 $199,167 $1,603 2.95%
    36% 12 $2,230,000 $185,833 $1,861 2.98%
    40% 10 $2,640,000 $264,000 $2,194 3.15%
    39% 10 $1,910,000 $191,000 $1,822 3.14%
    45% 9 $1,625,000 $180,556 $1,844 3.07%
    42% 8 $1,170,000 $146,250 $1,366 2.92%
    43% 7 $1,265,000 $180,714 $1,605 3.16%
    46% 6 $970,000 $161,667 $1,777 2.79%
    44% 6 $720,000 $120,000 $1,756 2.94%
    48% 4 $790,000 $197,500 $1,835 2.97%
    47% 2 $310,000 $155,000 $2,091 3.19%
    49% 2 $320,000 $160,000 $2,008 3.31%
    >60% 2 $220,000 $110,000 $1,130 3.19%

    Denmark State Bank lent most frequently to those with DTI ratios of 20-30%, with 137 originations. The next most common DTI ratio? 30-36%, with 98 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 458 $75,920,000 $165,764 $1,586 2.93%
    Not applicable 39 $29,435,000 $754,744 $0 4.12%
    Not provided 1 $395,000 $395,000 $3,728 2.63%
    Black 1 $245,000 $245,000 $2,438 3.00%
    Asian 1 $165,000 $165,000 $1,273 2.38%

    Approval Rates

    Total approvals of all applications
    97.79%

    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
    94.80%

    Denmark State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 500 $106,160,000 $212,320

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    500 $106,160,000 $212,320

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 41 $4,585,000 $111,829 $1,273 2.85%
    40-60% 125 $18,065,000 $144,520 $1,321 2.88%
    60-80% 246 $49,080,000 $199,512 $1,646 3.04%
    80-100% 78 $31,490,000 $403,718 $2,158 3.19%
    Over 100% 3 $1,015,000 $338,333 $0 4.22%
    Under 20% 7 $1,925,000 $275,000 $898 3.28%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Denmark State Bank 103 Main Street Denmark, WI 54208 Full Service B&M $205,708
    Denmark State Bank 1740 Scheuring Road De Pere, WI 54115 Full Service B&M $23,170
    Denmark State Bank 202 North Hickory Street Whitelaw, WI 54247 Full Service B&M $57,274
    Denmark State Bank 2040 Kohler Memorial Drive Sheboygan, WI 53081 Full Service B&M $2,324
    Denmark State Bank 2603 Glendale Avenue Green Bay, WI 54313 Full Service B&M $28,333
    Denmark State Bank 2646 Noel Drive Green Bay, WI 54311 Full Service B&M $202,911
    Denmark State Bank 427 Manitowoc Street Reedsville, WI 54230 Full Service B&M $45,712
    Denmark State Bank 835 E. Green Bay Street Shawano, WI 54166 Full Service B&M $26,446

    For 2021, Denmark State Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $22,824
    Net interest income $20,217
    Total noninterest income $4,592
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $510
    Trading account gains and fees $0
    Additional Noninterest Income $4,082
    Pre-tax net operating income $8,637
    Securities gains (or losses, -) $146
    Income before extraordinary items $6,535
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,535
    Minority interest net income $0
    Net income $6,535
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,419

    Denmark State Bank's gross interest income from loans was $22,824,000.
    Denmark State Bank's net interest income from loans was $20,217,000.
    Denmark State Bank's fee based income from loans was $510,000.
    Denmark State Bank's net income from loans was $6,535,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,607
    Provision for credit losses $0
    Total noninterest expense $16,172
    Salaries and employee benefits $10,863
    Premises and equipment expense $1,493
    Additional noninterest expense $3,816
    Applicable income taxes $2,248
    Net charge-offs $-73
    Cash dividends $1,756

    Denmark State Bank's interest expense for loans was $2,607,000.
    Denmark State Bank's payroll and benefits expense were $10,863,000.
    Denmark State Bank's property, plant and equipment expenses $1,493,000.

    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 $621,153
    Deposits held in domestic offices $621,153
    Deposits by Individuals, partnerships, and corporations $597,705
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $23,448
    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 $241,571
    Demand deposits $156,657
    Nontransaction accounts $379,582
    Money market deposit accounts (MMDAs) $177,428
    Other savings deposits (excluding MMDAs) $95,004
    Total time deposits $107,151
    Total time and savings deposits $464,496
    Noninterest-bearing deposits $156,684
    Interest-bearing deposits $464,469
    Retail deposits $607,975
    IRAs and Keogh plan accounts $27,935
    Brokered deposits $1
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $685,479
    Cash & Balances due from depository institutions $38,490
    Interest-bearing balances $479
    Total securities $36,463
    Federal funds sold & reverse repurchase $112,665
    Net loans and leases $471,688
    Loan and leases loss allowance $7,741
    Trading account assets $0
    Bank premises and fixed assets $6,316
    Other real estate owned $0
    Goodwill and other intangibles $1,083
    All other assets $18,774

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $685,479
    Total Liabilities $624,823
    Total deposits $621,153
    Interest-bearing deposits $464,469
    Deposits held in domestic offices $621,153
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $933
    Subordinated debt $0
    All other liabilities $2,737

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $471,688
    Loan and leases loss allowance $7,741
    Total loans and leases (domestic) $479,429
    All real estate loans $356,440
    Real estate loans in domestic offices $356,440
    Construction and development loans $26,679
    Residential 1-4 family construction $5,102
    Other construction, all land development and other land $21,577
    Loans secured by nonfarm nonresidential properties $163,457
    Nonfarm nonresidential secured by owner-occupied properties $100,351
    Commercial real estate & other non-farm, non-residential $63,106
    Multifamily residential real estate $27,464
    1-4 family residential loans $60,991
    Farmland loans $77,849
    Loans held in foreign offices $0
    Farm loans $33,448
    Commercial and industrial loans $75,254
    To non-U.S. addressees $0
    Loans to individuals $8,732
    Credit card loans $0
    Related Plans $122
    Consumer Auto Loans $6,399
    Other loans to individuals $2,211
    All other loans & leases $5,555
    Loans to foreign governments and official institutions $0
    Other loans $130
    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 $2,097
    Non 1-4 family restructured loans & leases $2,097
    Total loans and leases (foreign) $0

    Denmark State Bank had $471,688,000 of loans outstanding in 2021. $356,440,000 of loans were in real estate loans. $26,679,000 of loans were in development loans. $27,464,000 of loans were in multifamily mortgage loans. $60,991,000 of loans were in 1-4 family mortgage loans. $33,448,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,399,000 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 236 $57,445 $243,411
    Nonfarm, nonresidential loans - <$100k 40 $2,009 $50,225
    Nonfarm, nonresidential loans - $100-250k 82 $10,389 $126,695
    Nonfarm, nonresidential loans - $250k-1MM 114 $45,047 $395,149
    Commercial & Industrial, US addressed loans - <$1MM 477 $40,974 $85,899
    Commercial & Industrial, US addressed loans - <$100k 318 $8,349 $26,255
    Commercial & Industrial, US addressed loans - $100-250k 91 $9,542 $104,857
    Commercial & Industrial, US addressed loans - $250k-1MM 68 $23,083 $339,456
    Farmland loans - <$1MM 136 $16,898 $124,250
    Farmland loans - <$100k 32 $1,224 $38,250
    Farmland loans - $100-250k 71 $7,376 $103,887
    Farmland loans - $250k-1MM 33 $8,298 $251,455
    Agriculture operations loans - <$1MM 170 $11,535 $67,853
    Agriculture operations loans - <$100k 123 $3,069 $24,951
    Agriculture operations loans - $100-250k 32 $3,780 $118,125
    Agriculture operations loans - $250k-1MM 15 $4,686 $312,400