Bank Of Luxemburg Mortgage Rates, Fees & Info

Luxemburg, WI

LEI: 5493005JOVFFHEU5TF17

Tax ID: 39-0147840

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Mortgage Data

Bank Data

Review & Overview

Bank Of Luxemburg is a smaller bank specializing in Home Purchase and Refi loans. Bank Of Luxemburg has a high proportion of conventional loans. Their top markets by origination volume include: Green Bay, Manitowoc, Shawano, Appleton, and Marinette among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bank Of Luxemburg 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.

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 6.51% 3/17/24
30 Year Conventional Refi 7.05% 3/17/24
30 Year Cash-out Refi 6.66% 3/17/24
15 Year Conventional Purchase 6.12% 3/17/24
15 Year Conventional Refi 6.52% 3/17/24
15 Year Cash-out Refi 6.52% 3/17/24
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.

Bank Of Luxemburg Mortgage Calculator






Your Estimates

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

This is not an official calculator from Bank Of Luxemburg. 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

324

Origination Dollar Volume (All Markets)

$51,550,000

Employee count

95

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) 234 $36,410,000 $155,598 $0 0.00%
Outside of Metro Areas 73 $13,005,000 $178,151 $0 0.00%
Manitowoc, WI (FHA|USDA|VA) 8 $740,000 $92,500 $0 0.00%
Shawano, WI (FHA|USDA|VA) 2 $520,000 $260,000 $0 0.00%
APPLETON, WI (FHA|USDA|VA) 2 $340,000 $170,000 $0 0.00%
Marinette, WI-MI (FHA|USDA|VA) 3 $275,000 $91,667 $0 0.00%
Beaver Dam, WI (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Bank Of Luxemburg's top markets include Green Bay, Manitowoc, Shawano, Appleton, and Marinette 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 324 $51,550,000 $159,105 $0 0.00%

    For 2019, Bank Of Luxemburg's most frequently originated type of loan was Conventional, with 324 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 160 $23,820,000 $148,875 $0 0.00%
    Refi 111 $21,285,000 $191,757 $0 0.00%
    Cash Out Refi 27 $3,745,000 $138,704 $0 0.00%
    Home Improvement 14 $1,240,000 $88,571 $0 0.00%
    Other 12 $1,460,000 $121,667 $0 0.00%

    For 2019, Bank Of Luxemburg's most frequently cited loan purpose was Home Purchase, with 160 originations. The 2nd most popular reason was Refi, with 111 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 324 $51,550,000 $159,105 $0 0.00%

    For 2019, Bank Of Luxemburg's most frequently cited loan duration was Other, with 324 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 131 $18,975,000 $144,847 $0 0.00%
    $100,000 or less 117 $7,205,000 $61,581 $0 0.00%
    $200k-400k 63 $16,965,000 $269,286 $0 0.00%
    $400k-600k 9 $3,935,000 $437,222 $0 0.00%
    $1MM+ 3 $3,775,000 $1,258,333 $0 0.00%
    $600k-1MM 1 $695,000 $695,000 $0 0.00%

    2019 saw Bank Of Luxemburg place emphasis on $100k-200k loans with 131 originations, totaling $18,975,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 65 $11,525,000 $177,308 $0 0.00%
    $50k or less 63 $5,085,000 $80,714 $0 0.00%
    $50k-75k 62 $7,650,000 $123,387 $0 0.00%
    $75k-100k 43 $6,885,000 $160,116 $0 0.00%
    $150k-250k 24 $5,540,000 $230,833 $0 0.00%
    $250k+ 9 $2,755,000 $306,111 $0 0.00%

    Bank Of Luxemburg lent most frequently to those with incomes in the $100k-150k range, with 65 originations. The second most popular income band? $50k or less, with 63 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 324 $51,550,000 $159,105 $0 0.00%

    Bank Of Luxemburg lent most frequently to those with DTI ratios of Exempt%, with 324 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 275 $41,065,000 $149,327 $0 0.00%
    Not applicable 45 $9,995,000 $222,111 $0 0.00%
    Asian 3 $265,000 $88,333 $0 0.00%
    Black 1 $225,000 $225,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.80%

    Bank Of Luxemburg has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.20%

    Bank Of Luxemburg has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 324 $51,550,000 $159,105

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $1,510,000 $755,000
    Multifamily:Site-Built 4 $3,010,000 $752,500
    Single Family (1-4 Units):Manufactured 29 $1,565,000 $53,966
    Single Family (1-4 Units):Site-Built 289 $45,465,000 $157,318

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 1 7.1%
    BANK OF THE WEST Other type of mortgage Closing on a mortgage 1 7.1%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 2 14.3%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 6 42.9%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 1 7.1%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bank of Luxemburg 100 Old Orchard Ave Casco, WI 54205 Full Service B&M $18,272
    Bank of Luxemburg 1311 Bellevue Street Green Bay, WI 54302 Full Service B&M $50,345
    Bank of Luxemburg 510 Second Street Algoma, WI 54201 Full Service B&M $53,215
    Bank of Luxemburg 519 Lansing Avenue Sturgeon Bay, WI 54235 Full Service B&M $34,112
    Bank of Luxemburg 602 Center Drive Luxemburg, WI 54217 Limited, Drive-thru $0
    Bank of Luxemburg 630 Main Street Luxemburg, WI 54217 Full Service B&M $109,052
    Bank of Luxemburg 980 Marquette Drive Kewaunee, WI 54216 Full Service B&M $23,251
    Bank of Luxemburg State Route 57 And County Trunk S Dyckesville, WI 54217 Full Service B&M $28,396

    For 2019, Bank Of Luxemburg had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,603
    Net interest income $13,450
    Total noninterest income $3,253
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $640
    Trading account gains and fees $0
    Additional Noninterest Income $2,613
    Pre-tax net operating income $4,196
    Securities gains (or losses, -) $312
    Income before extraordinary items $3,447
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,447
    Minority interest net income $0
    Net income $3,447
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,200

    Bank Of Luxemburg's gross interest income from loans was $16,603,000.
    Bank Of Luxemburg's net interest income from loans was $13,450,000.
    Bank Of Luxemburg's fee based income from loans was $640,000.
    Bank Of Luxemburg's net income from loans was $3,447,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,153
    Provision for credit losses $580
    Total noninterest expense $11,927
    Salaries and employee benefits $7,335
    Premises and equipment expense $1,144
    Additional noninterest expense $3,448
    Applicable income taxes $1,061
    Net charge-offs $733
    Cash dividends $567

    Bank Of Luxemburg's interest expense for loans was $3,153,000.
    Bank Of Luxemburg's payroll and benefits expense were $7,335,000.
    Bank Of Luxemburg's property, plant and equipment expenses $1,144,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    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 7.0%
    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 $336,310
    Deposits held in domestic offices $336,310
    Deposits by Individuals, partnerships, and corporations $307,602
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $28,708
    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 $114,565
    Demand deposits $58,277
    Nontransaction accounts $221,745
    Money market deposit accounts (MMDAs) $16,009
    Other savings deposits (excluding MMDAs) $104,973
    Total time deposits $100,762
    Total time and savings deposits $278,033
    Noninterest-bearing deposits $58,702
    Interest-bearing deposits $277,608
    Retail deposits $314,791
    IRAs and Keogh plan accounts $11,999
    Brokered deposits $4,271
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $391,515
    Cash & Balances due from depository institutions $12,075
    Interest-bearing balances $5,647
    Total securities $59,304
    Federal funds sold & reverse repurchase $817
    Net loans and leases $299,043
    Loan and leases loss allowance $3,082
    Trading account assets $0
    Bank premises and fixed assets $7,379
    Other real estate owned $1,029
    Goodwill and other intangibles $1,484
    All other assets $10,384

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $391,515
    Total Liabilities $355,166
    Total deposits $336,310
    Interest-bearing deposits $277,608
    Deposits held in domestic offices $336,310
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $16,000
    Subordinated debt $0
    All other liabilities $2,856

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $299,043
    Loan and leases loss allowance $3,082
    Total loans and leases (domestic) $302,125
    All real estate loans $226,567
    Real estate loans in domestic offices $226,567
    Construction and development loans $27,343
    Residential 1-4 family construction $6,930
    Other construction, all land development and other land $20,413
    Loans secured by nonfarm nonresidential properties $98,775
    Nonfarm nonresidential secured by owner-occupied properties $43,747
    Commercial real estate & other non-farm, non-residential $55,028
    Multifamily residential real estate $13,096
    1-4 family residential loans $66,754
    Farmland loans $20,599
    Loans held in foreign offices $0
    Farm loans $3,737
    Commercial and industrial loans $56,685
    To non-U.S. addressees $0
    Loans to individuals $6,087
    Credit card loans $0
    Related Plans $44
    Consumer Auto Loans $4,285
    Other loans to individuals $1,758
    All other loans & leases $9,049
    Loans to foreign governments and official institutions $0
    Other loans $85
    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 $1,444
    Non 1-4 family restructured loans & leases $994
    Total loans and leases (foreign) $0

    Bank of Luxemburg had $299,043,000 of loans outstanding in 2019. $226,567,000 of loans were in real estate loans. $27,343,000 of loans were in development loans. $13,096,000 of loans were in multifamily mortgage loans. $66,754,000 of loans were in 1-4 family mortgage loans. $3,737,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,285,000 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 364 $70,697 $194,223
    Nonfarm, nonresidential loans - <$100k 107 $4,386 $40,991
    Nonfarm, nonresidential loans - $100-250k 132 $18,086 $137,015
    Nonfarm, nonresidential loans - $250k-1MM 125 $48,225 $385,800
    Commercial & Industrial, US addressed loans - <$1MM 1,089 $44,266 $40,648
    Commercial & Industrial, US addressed loans - <$100k 949 $18,451 $19,443
    Commercial & Industrial, US addressed loans - $100-250k 86 $9,299 $108,128
    Commercial & Industrial, US addressed loans - $250k-1MM 54 $16,516 $305,852
    Farmland loans - <$1MM 62 $8,440 $136,129
    Farmland loans - <$100k 21 $737 $35,095
    Farmland loans - $100-250k 27 $3,412 $126,370
    Farmland loans - $250k-1MM 14 $4,291 $306,500
    Agriculture operations loans - <$1MM 60 $2,780 $46,333
    Agriculture operations loans - <$100k 49 $929 $18,959
    Agriculture operations loans - $100-250k 6 $853 $142,167
    Agriculture operations loans - $250k-1MM 5 $998 $199,600