Community State Bank Mortgage Rates, Fees & Info

Union Grove, WI

LEI: 54930098WTIWNSB1OV47

Tax ID: 39-0634530

2021 Data | 2020 Data | 2019 Data | 2018 Data


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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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