Community State Bank Mortgage Rates, Fees & Info

Union Grove, WI

LEI: 54930098WTIWNSB1OV47

Tax ID: 39-0634530

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Community State Bank is a smaller bank specializing in Cash Out Refi, Refi, and Home Purchase loans. Community State Bank has a high proportion of conventional loans. Their top markets include Racine, Chicago, Whitewater, Milwaukee, and Shawano among others. Community State Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

377

Origination Dollar Volume (All Markets)

$83,175,000

Employee count

85

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
RACINE, WI (FHA|USDA|VA) 209 $44,685,000 $213,804 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 94 $19,820,000 $210,851 $0 0.00%
Whitewater, WI (FHA|USDA|VA) 56 $13,710,000 $244,821 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 15 $4,085,000 $272,333 $0 0.00%
Outside of Metro Areas 1 $315,000 $315,000 $0 0.00%
Shawano, WI (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
FOND DU LAC, WI (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%

Community State Bank's top markets include Racine, Chicago, Whitewater, Milwaukee, and Shawano among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 377 $83,175,000 $220,623 $0 0.00%

For the 2021 period, Community State Bank's most frequently originated loan type of loans were Conventional, with 377 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 129 $27,875,000 $216,085 $0 0.00%
Refi 116 $23,810,000 $205,259 $0 0.00%
Home Purchase 110 $27,770,000 $252,455 $0 0.00%
Other 17 $2,815,000 $165,588 $0 0.00%
Home Improvement 5 $905,000 $181,000 $0 0.00%

For the 2021, Community State Bank's most frequently cited loan purpose of loans were Cash Out Refi, with 129 originations. The 2nd most popular reason of loans were Refi, with 116 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 377 $83,175,000 $220,623 $0 0.00%

For the 2021, Community State Bank's most frequently cited loan length of loans were Other, with 377 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 157 $44,605,000 $284,108 $0 0.00%
$100k-200k 144 $21,290,000 $147,847 $0 0.00%
$100,000 or less 48 $3,650,000 $76,042 $0 0.00%
$400k-600k 26 $12,050,000 $463,462 $0 0.00%
$600k-1MM 2 $1,580,000 $790,000 $0 0.00%

2021 saw Community State Bank place emphasis on $200k-400k loans with 157 originations, totaling $44,605,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 94 $22,190,000 $236,064 $0 0.00%
$75k-100k 69 $16,055,000 $232,681 $0 0.00%
$50k-75k 62 $10,660,000 $171,935 $0 0.00%
$150k-250k 50 $14,550,000 $291,000 $0 0.00%
$50k or less 37 $4,485,000 $121,216 $0 0.00%
$250k+ 15 $4,595,000 $306,333 $0 0.00%

Community State Bank lent most frequently to those with incomes in the $100k-150k range, with 94 originations. The second most popular income band? $75k-100k, with 69 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 377 $83,175,000 $220,623 $0 0.00%

Community State Bank lent most frequently to those with DTI ratios of Exempt%, with 377 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 325 $72,625,000 $223,462 $0 0.00%
Not applicable 38 $7,570,000 $199,211 $0 0.00%
Not provided 11 $2,055,000 $186,818 $0 0.00%
Black 2 $740,000 $370,000 $0 0.00%
Asian 1 $185,000 $185,000 $0 0.00%

Approval Rates

Total approvals of all applications
87.99%

Community State Bank has an average approval rate.

Pick Rate

Approvals leading to origination
86.97%

Community State Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 377 $83,175,000 $220,623

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
377 $83,175,000 $220,623

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
COMMUNITY BANK SYSTEM, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 50.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Community State Bank 1500 Main Street Union Grove, WI 53182 Full Service B&M $214,609
Community State Bank 200 Interchange North Lake Geneva, WI 53147 Full Service B&M $29,995
Community State Bank 25360 75th Street Salem, WI 53168 Full Service B&M $54,023
Community State Bank 308 North Bridge Street Burlington, WI 53105 Full Service B&M $41,756
Community State Bank 810 Fox Lane Waterford, WI 53185 Full Service B&M $64,237
Community State Bank 8304 75th St Kenosha, WI 53142 Full Service B&M $23,158
Community State Bank 8930 Washington Avenue Racine, WI 53406 Full Service B&M $90,581

For 2021, Community State Bank had 7 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $18,733
Net interest income $17,818
Total noninterest income $3,780
Gross Fiduciary activities income $0
Service charges on deposit accounts $290
Trading account gains and fees $0
Additional Noninterest Income $3,490
Pre-tax net operating income $7,812
Securities gains (or losses, -) $0
Income before extraordinary items $7,800
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $7,800
Minority interest net income $0
Net income $7,800
Sale, conversion, retirement of capital stock, net $0
Net operating income $7,800

Community State Bank's gross interest income from loans was $18,733,000.
Community State Bank's net interest income from loans was $17,818,000.
Community State Bank's fee based income from loans was $290,000.
Community State Bank's net income from loans was $7,800,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $915
Provision for credit losses $0
Total noninterest expense $13,786
Salaries and employee benefits $8,357
Premises and equipment expense $1,520
Additional noninterest expense $3,909
Applicable income taxes $12
Net charge-offs $-221
Cash dividends $3,255

Community State Bank's interest expense for loans was $915,000.
Community State Bank's payroll and benefits expense were $8,357,000.
Community State Bank's property, plant and equipment expenses $1,520,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 1.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 1.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 2.0%
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 $565,042
Deposits held in domestic offices $565,042
Deposits by Individuals, partnerships, and corporations $496,630
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $68,412
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 $299,319
Demand deposits $202,233
Nontransaction accounts $265,723
Money market deposit accounts (MMDAs) $112,233
Other savings deposits (excluding MMDAs) $109,105
Total time deposits $44,385
Total time and savings deposits $362,809
Noninterest-bearing deposits $202,233
Interest-bearing deposits $362,809
Retail deposits $553,109
IRAs and Keogh plan accounts $9,977
Brokered deposits $1,880
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $614,498
Cash & Balances due from depository institutions $59,221
Interest-bearing balances $31,411
Total securities $212,056
Federal funds sold & reverse repurchase $0
Net loans and leases $318,795
Loan and leases loss allowance $7,278
Trading account assets $0
Bank premises and fixed assets $10,541
Other real estate owned $0
Goodwill and other intangibles $1,077
All other assets $12,808

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $614,498
Total Liabilities $571,419
Total deposits $565,042
Interest-bearing deposits $362,809
Deposits held in domestic offices $565,042
% insured (estimated) $76
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $6,377

Issued Loan Types

Type Value (in 000's)
Net loans and leases $318,795
Loan and leases loss allowance $7,278
Total loans and leases (domestic) $326,073
All real estate loans $216,835
Real estate loans in domestic offices $216,835
Construction and development loans $27,806
Residential 1-4 family construction $7,164
Other construction, all land development and other land $20,642
Loans secured by nonfarm nonresidential properties $130,971
Nonfarm nonresidential secured by owner-occupied properties $67,126
Commercial real estate & other non-farm, non-residential $63,845
Multifamily residential real estate $2,243
1-4 family residential loans $50,390
Farmland loans $5,425
Loans held in foreign offices $0
Farm loans $13,410
Commercial and industrial loans $89,846
To non-U.S. addressees $0
Loans to individuals $1,359
Credit card loans $0
Related Plans $0
Consumer Auto Loans $860
Other loans to individuals $499
All other loans & leases $4,623
Loans to foreign governments and official institutions $0
Other loans $823
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 $947
Non 1-4 family restructured loans & leases $720
Total loans and leases (foreign) $0

Community State Bank had $318,795,000 of loans outstanding in 2021. $216,835,000 of loans were in real estate loans. $27,806,000 of loans were in development loans. $2,243,000 of loans were in multifamily mortgage loans. $50,390,000 of loans were in 1-4 family mortgage loans. $13,410,000 of loans were in farm loans. $0 of loans were in credit card loans. $860,000 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 199 $48,647 $244,457
Nonfarm, nonresidential loans - $100-250k 121 $17,487 $144,521
Nonfarm, nonresidential loans - $250k-1MM 78 $31,160 $399,487
Commercial & Industrial, US addressed loans - <$1MM 665 $61,808 $92,944
Commercial & Industrial, US addressed loans - <$100k 573 $44,126 $77,009
Commercial & Industrial, US addressed loans - $100-250k 61 $7,019 $115,066
Commercial & Industrial, US addressed loans - $250k-1MM 31 $10,663 $343,968
Farmland loans - <$1MM 33 $3,386 $102,606
Farmland loans - <$100k 6 $483 $80,500
Farmland loans - $100-250k 17 $1,155 $67,941
Farmland loans - $250k-1MM 10 $1,748 $174,800
Agriculture operations loans - <$1MM 167 $13,410 $80,299
Agriculture operations loans - <$100k 134 $9,888 $73,791
Agriculture operations loans - $100-250k 15 $719 $47,933
Agriculture operations loans - $250k-1MM 18 $2,803 $155,722