Community State Bank Mortgage Rates, Fees & Info

Union Grove, WI

LEI: 54930098WTIWNSB1OV47

Tax ID: 39-0634530

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Community State Bank is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Community State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Racine, Chicago, Whitewater, Milwaukee, and Wausau among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Community 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. Community State Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.34%	4/21/24
30 Year Conventional Refi	6.42%	4/21/24
30 Year Cash-out Refi	6.56%	4/21/24
15 Year Conventional Purchase	6.01%	4/21/24
15 Year Conventional Refi	6.14%	4/21/24
15 Year Cash-out Refi	6.14%	4/21/24
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.

Community State Bank Mortgage Calculator

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This is not an official calculator from Community State Bank. 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

234

Origination Dollar Volume (All Markets)

$53,650,000

Employee count

Awards

Community State Bank 30 Year Conventional Loans silver

Community State Bank 30 Year Conventional Loans bronze

Show all (2) awards

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
RACINE, WI (FHA\|USDA\|VA)	123	$26,285,000	$213,699	$2,814	4.11%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	51	$12,525,000	$245,588	$2,527	4.61%
Whitewater, WI (FHA\|USDA\|VA)	43	$10,605,000	$246,628	$2,449	4.13%
MILWAUKEE-WAUKESHA, WI (FHA\|USDA\|VA)	12	$2,450,000	$204,167	$1,727	4.24%
WAUSAU-WESTON, WI (FHA\|USDA\|VA)	2	$1,170,000	$585,000	$3,521	3.94%
Shawano, WI (FHA\|USDA\|VA)	1	$285,000	$285,000	$3,487	3.75%
JANESVILLE-BELOIT, WI (FHA\|USDA\|VA)	1	$195,000	$195,000	$2,453	3.75%
Outside of Metro Areas	1	$135,000	$135,000	$0	5.75%

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

Their top states include:

Wisconsin (FHA|USDA|VA)

Illinois (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against Community State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

Liberty Bank for Savings
Similarity Rank: 85

PyraMax Bank, FSB
Similarity Rank: 162

Fox River State Bank
Similarity Rank: 306

Tri City National Bank
Similarity Rank: 357

Waukesha State Bank
Similarity Rank: 360

The First National Bank and Trust Company
Similarity Rank: 462

The Greenwood's State Bank
Similarity Rank: 490

UNITED
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EDUCATORS CREDIT UNION
Similarity Rank: 506

Southern Lkaes Credit Union
Similarity Rank: 513

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	234	$53,650,000	$229,274	$2,652	4.23%

For 2019, Community State Bank's most frequently originated type of loan was Conventional, with 234 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	104	$24,480,000	$235,385	$2,743	4.52%
Refi	80	$17,580,000	$219,750	$2,248	3.96%
Cash Out Refi	46	$11,050,000	$240,217	$3,146	4.06%
Other	4	$540,000	$135,000	$2,381	4.38%

For 2019, Community State Bank's most frequently cited loan purpose was Home Purchase, with 104 originations. The 2nd most popular reason was Refi, with 80 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	116	$29,720,000	$256,207	$2,909	4.07%
Other	49	$12,105,000	$247,041	$3,558	5.58%
15 Year	43	$7,665,000	$178,256	$2,082	3.45%
20 Year	14	$3,000,000	$214,286	$2,843	3.66%
10 Year	11	$1,075,000	$97,727	$1,507	3.60%
5 Year	1	$85,000	$85,000	$0	5.25%

For 2019, Community State Bank's most frequently cited loan duration was 30 Year, with 116 originations. The 2nd most popular length was Other, with 49 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	82	$19,080,000	$232,683
$1k-2k	48	$8,880,000	$185,000
$2k-3k	29	$7,155,000	$246,724
$3k-4k	13	$3,185,000	$245,000
$4k-5k	9	$2,865,000	$318,333
$5k+	8	$2,330,000	$291,250

Community State Bank's average total fees were $2,909, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 82 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	118	$26,590,000	$225,339
4-5%	60	$14,290,000	$238,167
5-6%	36	$8,990,000	$249,722
2.5-3%	13	$2,475,000	$190,385
6-7%	7	$1,305,000	$186,429

During 2019, Community State Bank's average interest rate for loans was 4.07%, while their most frequently originated rate bucket for loans was 3-4%, with 118 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	93	$13,885,000	$149,301	$2,350	4.10%
$200k-400k	86	$24,310,000	$282,674	$2,945	4.18%
$100,000 or less	31	$2,175,000	$70,161	$1,788	4.71%
$400k-600k	21	$9,785,000	$465,952	$3,475	4.23%
$600k-1MM	2	$1,690,000	$845,000	$4,602	4.75%
$1MM+	1	$1,805,000	$1,805,000	$0	6.00%

2019 saw Community State Bank place emphasis on $100k-200k loans with 93 originations, totaling $13,885,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	69	$16,595,000	$240,507	$2,809	3.84%
$50k-75k	34	$6,000,000	$176,471	$2,743	4.11%
$75k-100k	31	$6,725,000	$216,935	$2,616	4.15%
$150k-250k	23	$6,355,000	$276,304	$3,254	4.01%
$50k or less	22	$2,590,000	$117,727	$1,960	4.00%
$250k+	12	$5,290,000	$440,833	$2,469	4.61%

Community State Bank lent most frequently to those with incomes in the $100k-150k range, with 69 originations. The second most popular income band? $50k-75k, with 34 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	53	$12,635,000	$238,396	$2,720	3.82%
30-36%	38	$8,370,000	$220,263	$2,657	3.95%
<20%	22	$3,940,000	$179,091	$1,977	3.67%
36%	14	$2,670,000	$190,714	$2,528	3.88%
39%	8	$2,170,000	$271,250	$3,000	3.77%
46%	7	$1,545,000	$220,714	$3,018	4.16%
44%	6	$2,240,000	$373,333	$3,831	4.33%
38%	6	$1,160,000	$193,333	$3,806	4.67%
41%	6	$1,750,000	$291,667	$2,800	4.67%
43%	6	$1,310,000	$218,333	$1,880	4.31%
45%	5	$995,000	$199,000	$3,209	5.13%
40%	5	$675,000	$135,000	$2,453	4.03%
49%	4	$860,000	$215,000	$1,419	4.06%
37%	4	$770,000	$192,500	$3,505	3.63%
48%	4	$1,280,000	$320,000	$5,130	4.13%
42%	3	$1,225,000	$408,333	$1,489	4.21%
>60%	2	$320,000	$160,000	$0	6.38%
47%	1	$305,000	$305,000	$3,489	4.63%
50-60%	1	$65,000	$65,000	$0	5.90%

Community State Bank lent most frequently to those with DTI ratios of 20-30%, with 53 originations. The next most common DTI ratio? 30-36%, with 38 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	193	$43,065,000	$223,135	$2,690	3.99%
Not applicable	34	$8,170,000	$240,294	$2,419	5.51%
Not provided	5	$1,805,000	$361,000	$1,372	4.98%
Native Hawaiian or Islander	1	$435,000	$435,000	$3,399	4.00%
Asian	1	$175,000	$175,000	$1,534	4.00%

Approval Rates

Total approvals of all applications
85.84%

Community State Bank has an average approval rate.

Pick Rate

Approvals leading to origination
86.32%

Community State Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	234	$53,650,000	$229,274

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	4	$1,780,000	$445,000
Single Family (1-4 Units):Manufactured	1	$125,000	$125,000
Single Family (1-4 Units):Site-Built	229	$51,745,000	$225,961

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	22	$2,790,000	$126,818	$1,755	4.03%
40-60%	41	$8,595,000	$209,634	$1,827	3.97%
60-80%	116	$29,970,000	$258,362	$2,928	4.30%
80-100%	50	$11,940,000	$238,800	$3,214	4.33%
Over 100%	1	$175,000	$175,000	$0	6.00%
Under 20%	4	$180,000	$45,000	$836	4.59%

Complaints

Bank Name	Product	Issue	2019 CPFB Complaints	% of Total Issues
COMMUNITY BANK SYSTEM, INC.	Conventional home mortgage	Closing on a mortgage	1	20.0%
COMMUNITY BANK SYSTEM, INC.	Conventional home mortgage	Trouble during payment process	3	60.0%
COMMUNITY BANK SYSTEM, INC.	Home equity loan or line of credit (HELOC)	Closing on a mortgage	1	20.0%

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	$157,683
Community State Bank	200 Interchange North Lake Geneva, WI 53147	Full Service B&M	$9,758
Community State Bank	201 West Main Street Rochester, WI 53167	Full Service B&M	$19,082
Community State Bank	25360 75th Street Salem, WI 53168	Full Service B&M	$37,871
Community State Bank	308 North Bridge Street Burlington, WI 53105	Full Service B&M	$19,818
Community State Bank	810 Fox Lane Waterford, WI 53185	Full Service B&M	$28,362
Community State Bank	8930 Washington Avenue Racine, WI 53406	Full Service B&M	$61,876

For 2019, Community State Bank had 7 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$17,073
Net interest income	$15,246
Total noninterest income	$2,578
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$358
Trading account gains and fees	$0
Additional Noninterest Income	$2,220
Pre-tax net operating income	$5,426
Securities gains (or losses, -)	$46
Income before extraordinary items	$5,450
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$5,450
Minority interest net income	$0
Net income	$5,450
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$5,404

Community State Bank's gross interest income from loans was $17,073,000.
Community State Bank's net interest income from loans was $15,246,000.
Community State Bank's fee based income from loans was $358,000.
Community State Bank's net income from loans was $5,450,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,827
Provision for credit losses	$0
Total noninterest expense	$12,398
Salaries and employee benefits	$7,905
Premises and equipment expense	$1,332
Additional noninterest expense	$3,161
Applicable income taxes	$22
Net charge-offs	$-81
Cash dividends	$2,741

Community State Bank's interest expense for loans was $1,827,000.
Community State Bank's payroll and benefits expense were $7,905,000.
Community State Bank's property, plant and equipment expenses $1,332,000.

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	0.0%
All other family	0.0%
Commercial & industrial loans	0.0%
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	$349,245
Deposits held in domestic offices	$349,245
Deposits by Individuals, partnerships, and corporations	$303,642
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$45,603
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	$170,126
Demand deposits	$105,612
Nontransaction accounts	$179,119
Money market deposit accounts (MMDAs)	$72,282
Other savings deposits (excluding MMDAs)	$66,302
Total time deposits	$40,535
Total time and savings deposits	$243,633
Noninterest-bearing deposits	$105,612
Interest-bearing deposits	$243,633
Retail deposits	$338,766
IRAs and Keogh plan accounts	$8,897
Brokered deposits	$2,100
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$393,464
Cash & Balances due from depository institutions	$19,986
Interest-bearing balances	$13,727
Total securities	$81,299
Federal funds sold & reverse repurchase	$2,581
Net loans and leases	$268,938
Loan and leases loss allowance	$6,753
Trading account assets	$0
Bank premises and fixed assets	$9,609
Other real estate owned	$0
Goodwill and other intangibles	$960
All other assets	$10,091

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$393,464
Total Liabilities	$354,762
Total deposits	$349,245
Interest-bearing deposits	$243,633
Deposits held in domestic offices	$349,245
% insured (estimated)	$80
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$5,517

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$268,938
Loan and leases loss allowance	$6,753
Total loans and leases (domestic)	$275,691
All real estate loans	$176,357
Real estate loans in domestic offices	$176,357
Construction and development loans	$31,138
Residential 1-4 family construction	$7,244
Other construction, all land development and other land	$23,894
Loans secured by nonfarm nonresidential properties	$93,728
Nonfarm nonresidential secured by owner-occupied properties	$48,226
Commercial real estate & other non-farm, non-residential	$45,502
Multifamily residential real estate	$2,200
1-4 family residential loans	$43,347
Farmland loans	$5,944
Loans held in foreign offices	$0
Farm loans	$15,243
Commercial and industrial loans	$67,299
To non-U.S. addressees	$0
Loans to individuals	$1,767
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$1,039
Other loans to individuals	$728
All other loans & leases	$15,025
Loans to foreign governments and official institutions	$0
Other loans	$1,293
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	$3,717
Non 1-4 family restructured loans & leases	$1,594
Total loans and leases (foreign)	$0

Community State Bank had $268,938,000 of loans outstanding in 2019. $176,357,000 of loans were in real estate loans. $31,138,000 of loans were in development loans. $2,200,000 of loans were in multifamily mortgage loans. $43,347,000 of loans were in 1-4 family mortgage loans. $15,243,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,039,000 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	68	$23,603	$347,103
Nonfarm, nonresidential loans - $250k-1MM	68	$23,603	$347,103
Commercial & Industrial, US addressed loans - <$1MM	648	$56,115	$86,597
Commercial & Industrial, US addressed loans - <$100k	559	$40,530	$72,504
Commercial & Industrial, US addressed loans - $100-250k	63	$7,194	$114,190
Commercial & Industrial, US addressed loans - $250k-1MM	26	$8,391	$322,731
Farmland loans - <$1MM	14	$2,068	$147,714
Farmland loans - $250k-1MM	14	$2,068	$147,714
Agriculture operations loans - <$1MM	193	$14,357	$74,389
Agriculture operations loans - <$100k	163	$11,510	$70,613
Agriculture operations loans - $100-250k	16	$888	$55,500
Agriculture operations loans - $250k-1MM	14	$1,959	$139,929