Community State Bank Mortgage Rates, Fees & Info
Union Grove, WI
LEI: 54930098WTIWNSB1OV47
Tax ID: 39-0634530
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Mortgage Data
Bank 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
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.
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 |