Baraboo State Bank Mortgage Rates, Fees & Info

Baraboo, WI

LEI: 54930065PWY9N8KCRQ96

Tax ID: 39-0148750

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Baraboo State Bank is a smaller bank specializing in Refi, Cash Out Refi, and Home Purchase loans. Baraboo State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Baraboo, Madison, Milwaukee, Chicago, and North Port among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Baraboo State Bank has an 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.

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    Originations

    466

    Origination Dollar Volume (All Markets)

    $85,360,000

    Employee count

    99

    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
    Baraboo, WI (FHA|USDA|VA) 318 $55,760,000 $175,346 $0 0.00%
    MADISON, WI (FHA|USDA|VA) 78 $16,150,000 $207,051 $0 0.00%
    Outside of Metro Areas 51 $8,805,000 $172,647 $0 0.00%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 6 $1,490,000 $248,333 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $1,250,000 $312,500 $0 0.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
    Beaver Dam, WI (FHA|USDA|VA) 2 $310,000 $155,000 $0 0.00%
    Stevens Point, WI (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    Whitewater, WI (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    SHEBOYGAN, WI (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Baraboo State Bank's top markets include Baraboo, Madison, Milwaukee, Chicago, and North Port among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 466 $85,360,000 $183,176 $0 0.00%

    For 2020, Baraboo State Bank's most frequently originated type of loan was Conventional, with 466 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 234 $43,220,000 $184,701 $0 0.00%
    Cash Out Refi 124 $21,440,000 $172,903 $0 0.00%
    Home Purchase 100 $19,480,000 $194,800 $0 0.00%
    Other 7 $1,195,000 $170,714 $0 0.00%
    Home Improvement 1 $25,000 $25,000 $0 0.00%

    For 2020, Baraboo State Bank's most frequently cited loan purpose was Refi, with 234 originations. The 2nd most popular reason was Cash Out Refi, with 124 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 466 $85,360,000 $183,176 $0 0.00%

    For 2020, Baraboo State Bank's most frequently cited loan duration was Other, with 466 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 223 $32,135,000 $144,103 $0 0.00%
    $200k-400k 150 $39,070,000 $260,467 $0 0.00%
    $100,000 or less 76 $5,380,000 $70,789 $0 0.00%
    $400k-600k 14 $6,170,000 $440,714 $0 0.00%
    $600k-1MM 2 $1,450,000 $725,000 $0 0.00%
    $1MM+ 1 $1,155,000 $1,155,000 $0 0.00%

    2020 saw Baraboo State Bank place emphasis on $100k-200k loans with 223 originations, totaling $32,135,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 104 $16,360,000 $157,308 $0 0.00%
    $75k-100k 96 $17,160,000 $178,750 $0 0.00%
    $100k-150k 84 $17,940,000 $213,571 $0 0.00%
    $50k or less 60 $6,240,000 $104,000 $0 0.00%
    $150k-250k 55 $13,355,000 $242,818 $0 0.00%
    $250k+ 19 $5,795,000 $305,000 $0 0.00%

    Baraboo State Bank lent most frequently to those with incomes in the $50k-75k range, with 104 originations. The second most popular income band? $75k-100k, with 96 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 466 $85,360,000 $183,176 $0 0.00%

    Baraboo State Bank lent most frequently to those with DTI ratios of Exempt%, with 466 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 447 $81,105,000 $181,443 $0 0.00%
    Not provided 8 $2,020,000 $252,500 $0 0.00%
    Not applicable 8 $1,730,000 $216,250 $0 0.00%
    Asian Indian 1 $265,000 $265,000 $0 0.00%
    American Indian 2 $240,000 $120,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.69%

    Baraboo State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.05%

    Baraboo State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 466 $85,360,000 $183,176

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $255,000 $255,000
    Single Family (1-4 Units):Manufactured 10 $1,180,000 $118,000
    Single Family (1-4 Units):Site-Built 455 $83,925,000 $184,451

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Baraboo State Bank 101 Third Avenue Baraboo, WI 53913 Full Service B&M $238,709
    Baraboo State Bank 1120 Eighth Street Baraboo, WI 53913 Limited, Drive-thru $0
    Baraboo State Bank 113 Second Avenue Baraboo, WI 53913 Limited, Drive-thru $0
    Baraboo State Bank 130 Viking Drive Reedsburg, WI 53959 Full Service B&M $63,050
    Baraboo State Bank 2830 New Pinery Road Portage, WI 53901 Full Service B&M $43,167
    Baraboo State Bank 400 West Pine Street West Baraboo, WI 53913 Limited, Drive-thru $0
    Baraboo State Bank 41 West Munroe Avenue Lake Delton, WI 53940 Full Service B&M $37,162
    Baraboo State Bank 920 Hwy 12 Baraboo, WI 53913 Full Service Retail $2,445

    For 2020, Baraboo State Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,854
    Net interest income $13,582
    Total noninterest income $4,591
    Gross Fiduciary activities income $128
    Service charges on deposit accounts $499
    Trading account gains and fees $0
    Additional Noninterest Income $3,964
    Pre-tax net operating income $4,190
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,045
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,045
    Minority interest net income $0
    Net income $3,045
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,045

    Baraboo State Bank's gross interest income from loans was $15,854,000.
    Baraboo State Bank's net interest income from loans was $13,582,000.
    Baraboo State Bank's fee based income from loans was $499,000.
    Baraboo State Bank's net income from loans was $3,045,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,272
    Provision for credit losses $900
    Total noninterest expense $13,083
    Salaries and employee benefits $9,453
    Premises and equipment expense $1,692
    Additional noninterest expense $1,938
    Applicable income taxes $1,145
    Net charge-offs $-213
    Cash dividends $200

    Baraboo State Bank's interest expense for loans was $2,272,000.
    Baraboo State Bank's payroll and benefits expense were $9,453,000.
    Baraboo State Bank's property, plant and equipment expenses $1,692,000.

    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 1.0%
    All other family 0.0%
    Commercial & industrial loans 3.0%
    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 $420,850
    Deposits held in domestic offices $420,850
    Deposits by Individuals, partnerships, and corporations $395,436
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $24,821
    Deposits by Commercial banks and other depository institutions in U.S. $593
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $194,433
    Demand deposits $141,780
    Nontransaction accounts $226,417
    Money market deposit accounts (MMDAs) $70,819
    Other savings deposits (excluding MMDAs) $55,013
    Total time deposits $100,585
    Total time and savings deposits $279,070
    Noninterest-bearing deposits $122,785
    Interest-bearing deposits $298,065
    Retail deposits $410,417
    IRAs and Keogh plan accounts $13,525
    Brokered deposits $3,971
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $489,383
    Cash & Balances due from depository institutions $124,952
    Interest-bearing balances $119,500
    Total securities $33,334
    Federal funds sold & reverse repurchase $1,553
    Net loans and leases $307,621
    Loan and leases loss allowance $7,207
    Trading account assets $0
    Bank premises and fixed assets $4,563
    Other real estate owned $85
    Goodwill and other intangibles $872
    All other assets $16,403

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $489,383
    Total Liabilities $441,201
    Total deposits $420,850
    Interest-bearing deposits $298,065
    Deposits held in domestic offices $420,850
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $15,145
    Subordinated debt $0
    All other liabilities $5,206

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $307,621
    Loan and leases loss allowance $7,207
    Total loans and leases (domestic) $314,828
    All real estate loans $230,024
    Real estate loans in domestic offices $230,024
    Construction and development loans $24,567
    Residential 1-4 family construction $1,582
    Other construction, all land development and other land $22,985
    Loans secured by nonfarm nonresidential properties $146,797
    Nonfarm nonresidential secured by owner-occupied properties $60,694
    Commercial real estate & other non-farm, non-residential $86,103
    Multifamily residential real estate $20,440
    1-4 family residential loans $37,594
    Farmland loans $626
    Loans held in foreign offices $0
    Farm loans $47
    Commercial and industrial loans $47,412
    To non-U.S. addressees $0
    Loans to individuals $4,171
    Credit card loans $174
    Related Plans $61
    Consumer Auto Loans $1,433
    Other loans to individuals $2,503
    All other loans & leases $33,174
    Loans to foreign governments and official institutions $0
    Other loans $32,088
    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 $1,822
    Non 1-4 family restructured loans & leases $421
    Total loans and leases (foreign) $0

    Baraboo State Bank had $307,621,000 of loans outstanding in 2020. $230,024,000 of loans were in real estate loans. $24,567,000 of loans were in development loans. $20,440,000 of loans were in multifamily mortgage loans. $37,594,000 of loans were in 1-4 family mortgage loans. $47,000 of loans were in farm loans. $174,000 of loans were in credit card loans. $1,433,000 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 134 $31,735 $236,828
    Nonfarm, nonresidential loans - <$100k 28 $1,342 $47,929
    Nonfarm, nonresidential loans - $100-250k 40 $4,775 $119,375
    Nonfarm, nonresidential loans - $250k-1MM 66 $25,618 $388,152
    Commercial & Industrial, US addressed loans - <$1MM 164 $10,484 $63,927
    Commercial & Industrial, US addressed loans - <$100k 119 $2,371 $19,924
    Commercial & Industrial, US addressed loans - $100-250k 25 $2,497 $99,880
    Commercial & Industrial, US addressed loans - $250k-1MM 20 $5,616 $280,800
    Farmland loans - <$1MM 8 $626 $78,250
    Farmland loans - <$100k 5 $197 $39,400
    Farmland loans - $100-250k 2 $128 $64,000
    Farmland loans - $250k-1MM 1 $301 $301,000
    Agriculture operations loans - <$1MM 4 $47 $11,750
    Agriculture operations loans - <$100k 4 $47 $11,750