Pyramax Bank Fsb Mortgage Rates, Fees & Info

Greenfield, WI

LEI: 549300A81K8K8KJR9759

Tax ID: 39-0624390

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    Pyramax Bank Fsb is a smaller bank specializing in Home Purchase loans. Pyramax Bank Fsb has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Racine, Chicago, Whitewater, and Watertown among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pyramax Bank Fsb has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Pyramax Bank Fsb 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 6.37% 4/21/24
    30 Year Conventional Refi 6.35% 4/21/24
    30 Year Cash-out Refi 6.41% 4/21/24
    30 Year FHA Purchase 6.27% 4/21/24
    15 Year Conventional Purchase 5.91% 4/21/24
    15 Year Conventional Refi 6.09% 4/21/24
    15 Year Cash-out Refi 6.09% 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.

    Pyramax Bank Fsb Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Pyramax Bank Fsb. 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

    382

    Origination Dollar Volume (All Markets)

    $85,990,000

    Employee count

    124 Show all (6) 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
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 329 $74,215,000 $225,578 $1,625 4.50%
    RACINE, WI (FHA|USDA|VA) 18 $3,270,000 $181,667 $1,541 4.35%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 5 $1,635,000 $327,000 $2,962 4.55%
    Whitewater, WI (FHA|USDA|VA) 6 $1,390,000 $231,667 $1,654 4.52%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 4 $1,100,000 $275,000 $2,150 4.56%
    Outside of Metro Areas 5 $915,000 $183,000 $2,066 4.40%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $590,000 $295,000 $4,010 4.13%
    SHEBOYGAN, WI (FHA|USDA|VA) 2 $580,000 $290,000 $1,706 3.94%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $335,000 $335,000 $2,345 3.50%
    MADISON, WI (FHA|USDA|VA) 1 $325,000 $325,000 $1,743 4.38%
    SAVANNAH, GA (FHA|USDA|VA) 1 $325,000 $325,000 $2,377 4.50%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $325,000 $325,000 $4,483 4.75%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $225,000 $225,000 $2,466 4.38%
    Owatonna, MN (FHA|USDA|VA) 1 $205,000 $205,000 $2,786 4.50%
    Escanaba, MI (FHA|USDA|VA) 1 $195,000 $195,000 $2,013 4.50%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $125,000 $125,000 $1,903 5.00%
    Beaver Dam, WI (FHA|USDA|VA) 1 $105,000 $105,000 $1,550 4.63%
    GREEN BAY, WI (FHA|USDA|VA) 1 $85,000 $85,000 $1,915 3.88%
    APPLETON, WI (FHA|USDA|VA) 1 $45,000 $45,000 $1,656 3.88%
    Pyramax Bank Fsb's top markets include Milwaukee, Racine, Chicago, Whitewater, and Watertown among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

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

    AppleTree Credit Union
    Similarity Rank: 10
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 382 $85,990,000 $225,105 $1,686 4.48%

    For 2018, Pyramax Bank Fsb's most frequently originated type of loan was Conventional, with 382 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 233 $54,035,000 $231,910 $1,888 4.49%
    Refi 80 $16,500,000 $206,250 $1,226 4.49%
    Cash Out Refi 50 $13,200,000 $264,000 $1,726 4.49%
    Home Improvement 13 $2,075,000 $159,615 $1,206 4.36%
    Other 6 $180,000 $30,000 $185 4.36%

    For 2018, Pyramax Bank Fsb's most frequently cited loan purpose was Home Purchase, with 233 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 273 $60,795,000 $222,692 $1,833 4.50%
    15 Year 43 $9,005,000 $209,419 $1,744 4.01%
    5 Year 31 $6,845,000 $220,806 $171 4.52%
    20 Year 13 $2,565,000 $197,308 $1,691 4.50%
    10 Year 13 $605,000 $46,538 $498 4.76%
    Other 8 $6,080,000 $760,000 $214 5.53%
    3 Year 1 $95,000 $95,000 $0 5.75%

    For 2018, Pyramax Bank Fsb's most frequently cited loan duration was 30 Year, with 273 originations. The 2nd most popular length was 15 Year, with 43 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 261 $53,155,000 $203,659
    $1k-2k 64 $14,900,000 $232,813
    $2k-3k 2 $700,000 $350,000
    $3k-4k 2 $770,000 $385,000
    $5k+ 1 $145,000 $145,000

    Pyramax Bank Fsb's average total fees were $1,833, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 261 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 256 $55,560,000 $217,031
    3-4% 83 $20,495,000 $246,928
    5-6% 36 $9,150,000 $254,167
    2.5-3% 5 $585,000 $117,000
    6-7% 1 $175,000 $175,000
    Over 8% 1 $25,000 $25,000

    During 2018, Pyramax Bank Fsb's average interest rate for loans was 4.50%, while their most frequently originated rate bucket for loans was 4-5%, with 256 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 136 $20,030,000 $147,279 $1,722 4.47%
    $200k-400k 127 $35,465,000 $279,252 $1,925 4.38%
    $100,000 or less 84 $4,700,000 $55,952 $970 4.66%
    $400k-600k 25 $11,275,000 $451,000 $2,471 4.34%
    $1MM+ 7 $12,065,000 $1,723,571 $3,405 4.76%
    $600k-1MM 3 $2,455,000 $818,333 $1,793 4.78%

    2018 saw Pyramax Bank Fsb place emphasis on $100k-200k loans with 136 originations, totaling $20,030,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 87 $13,975,000 $160,632 $1,748 4.46%
    $100k-150k 86 $20,370,000 $236,860 $1,733 4.42%
    $75k-100k 65 $11,485,000 $176,692 $1,519 4.47%
    $50k or less 63 $5,825,000 $92,460 $1,384 4.52%
    $150k-250k 36 $11,930,000 $331,389 $2,058 4.39%
    $250k+ 17 $6,405,000 $376,765 $2,350 4.21%

    Pyramax Bank Fsb lent most frequently to those with incomes in the $50k-75k range, with 87 originations. The second most popular income band? $100k-150k, with 86 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 83 $14,955,000 $180,181 $1,605 4.41%
    30-36% 76 $15,360,000 $202,105 $1,689 4.38%
    39% 20 $4,060,000 $203,000 $1,739 4.46%
    <20% 20 $2,560,000 $128,000 $1,410 4.30%
    42% 19 $3,615,000 $190,263 $1,695 4.43%
    41% 19 $3,955,000 $208,158 $1,611 4.28%
    40% 15 $2,755,000 $183,667 $1,504 4.58%
    36% 14 $3,200,000 $228,571 $1,926 4.57%
    37% 14 $3,210,000 $229,286 $1,869 4.47%
    38% 12 $3,700,000 $308,333 $1,786 4.31%
    45% 12 $3,160,000 $263,333 $2,130 4.69%
    44% 11 $2,275,000 $206,818 $2,167 4.58%
    >60% 9 $1,025,000 $113,889 $909 4.69%
    47% 8 $2,060,000 $257,500 $1,807 4.47%
    46% 7 $1,315,000 $187,857 $2,086 4.66%
    49% 6 $940,000 $156,667 $1,775 4.31%
    43% 5 $1,155,000 $231,000 $1,742 4.10%
    48% 5 $825,000 $165,000 $1,920 4.83%
    50-60% 2 $590,000 $295,000 $1,716 4.25%

    Pyramax Bank Fsb lent most frequently to those with DTI ratios of 20-30%, with 83 originations. The next most common DTI ratio? 30-36%, with 76 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 336 $66,470,000 $197,827 $1,667 4.42%
    Not applicable 21 $14,745,000 $702,143 $0 5.28%
    Asian 13 $2,065,000 $158,846 $2,241 4.63%
    Not provided 6 $1,540,000 $256,667 $1,481 4.50%
    Black 6 $1,170,000 $195,000 $1,755 4.67%

    Approval Rates

    Total approvals of all applications
    90.80%

    Pyramax Bank Fsb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.29%

    Pyramax Bank Fsb has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 382 $85,990,000 $225,105

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $12,880,000 $1,288,000
    Single Family (1-4 Units):Site-Built 372 $73,110,000 $196,532

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $1,070,000 $76,429 $1,076 4.52%
    40-60% 42 $7,980,000 $190,000 $1,545 4.45%
    60-80% 140 $34,590,000 $247,071 $1,886 4.47%
    80-100% 151 $36,145,000 $239,371 $1,865 4.49%
    Over 100% 2 $1,240,000 $620,000 $0 5.50%
    Under 20% 29 $855,000 $29,483 $237 4.40%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    PyraMax Bank, FSB 1015 Marquette Avenue South Milwaukee, WI 53172 Full Service B&M $66,791
    PyraMax Bank, FSB 1150 Washington St Grafton, WI 53024 Full Service B&M $38,907
    PyraMax Bank, FSB 1500 E Moreland Boulevard Waukesha, WI 53186 Full Service B&M $32,281
    PyraMax Bank, FSB 1605 W Mitchell St Milwaukee, WI 53204 Full Service B&M $7,388
    PyraMax Bank, FSB 318 North Water Street Milwaukee, WI 53202 Full Service B&M $22,558
    PyraMax Bank, FSB 405 Rivercrest Court Mukwonago, WI 53149 Full Service B&M $38,856
    PyraMax Bank, FSB 7001 West Edgerton Avenue Greenfield, WI 53220 Full Service B&M $141,320
    PyraMax Bank, FSB 8001 West National Ave West Allis, WI 53214 Full Service B&M $17,143
    PyraMax Bank, FSB 9000 W Drexel Ave Franklin, WI 53132 Full Service B&M $47,007

    For 2018, Pyramax Bank Fsb had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,751
    Net interest income $12,518
    Total noninterest income $2,860
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $361
    Trading account gains and fees $0
    Additional Noninterest Income $2,499
    Pre-tax net operating income $-263
    Securities gains (or losses, -) $67
    Income before extraordinary items $-19
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $-19
    Minority interest net income $0
    Net income $-19
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $-71

    Pyramax Bank Fsb's gross interest income from loans was $16,751,000.
    Pyramax Bank Fsb's net interest income from loans was $12,518,000.
    Pyramax Bank Fsb's fee based income from loans was $361,000.
    Pyramax Bank Fsb's net income from loans was $-19,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,233
    Provision for credit losses $0
    Total noninterest expense $15,641
    Salaries and employee benefits $9,505
    Premises and equipment expense $1,646
    Additional noninterest expense $4,490
    Applicable income taxes $-177
    Net charge-offs $-169
    Cash dividends $0

    Pyramax Bank Fsb's interest expense for loans was $4,233,000.
    Pyramax Bank Fsb's payroll and benefits expense were $9,505,000.
    Pyramax Bank Fsb's property, plant and equipment expenses $1,646,000.

    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 2.0%
    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 $407,548
    Deposits held in domestic offices $407,548
    Deposits by Individuals, partnerships, and corporations $406,101
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $1,446
    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 $72,966
    Demand deposits $64,370
    Nontransaction accounts $334,582
    Money market deposit accounts (MMDAs) $59,071
    Other savings deposits (excluding MMDAs) $93,234
    Total time deposits $182,277
    Total time and savings deposits $343,178
    Noninterest-bearing deposits $65,605
    Interest-bearing deposits $341,944
    Retail deposits $328,264
    IRAs and Keogh plan accounts $18,762
    Brokered deposits $67,997
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $478,681
    Cash & Balances due from depository institutions $8,033
    Interest-bearing balances $1,516
    Total securities $65,485
    Federal funds sold & reverse repurchase $141
    Net loans and leases $370,598
    Loan and leases loss allowance $3,262
    Trading account assets $0
    Bank premises and fixed assets $8,163
    Other real estate owned $0
    Goodwill and other intangibles $2,103
    All other assets $24,158

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $478,681
    Total Liabilities $440,500
    Total deposits $407,548
    Interest-bearing deposits $341,944
    Deposits held in domestic offices $407,548
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $30,010
    Subordinated debt $0
    All other liabilities $2,942

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $370,598
    Loan and leases loss allowance $3,262
    Total loans and leases (domestic) $373,860
    All real estate loans $342,054
    Real estate loans in domestic offices $342,054
    Construction and development loans $14,529
    Residential 1-4 family construction $2,097
    Other construction, all land development and other land $12,432
    Loans secured by nonfarm nonresidential properties $109,200
    Nonfarm nonresidential secured by owner-occupied properties $36,732
    Commercial real estate & other non-farm, non-residential $72,468
    Multifamily residential real estate $61,861
    1-4 family residential loans $154,709
    Farmland loans $1,755
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $29,745
    To non-U.S. addressees $0
    Loans to individuals $2,061
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $781
    Other loans to individuals $1,280
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $459
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    PyraMax Bank FSB had $370,598,000 of loans outstanding in 2018. $342,054,000 of loans were in real estate loans. $14,529,000 of loans were in development loans. $61,861,000 of loans were in multifamily mortgage loans. $154,709,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $781,000 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 114 $34,817 $305,412
    Nonfarm, nonresidential loans - <$100k 13 $678 $52,154
    Nonfarm, nonresidential loans - $100-250k 36 $5,123 $142,306
    Nonfarm, nonresidential loans - $250k-1MM 65 $29,016 $446,400
    Commercial & Industrial, US addressed loans - <$1MM 308 $20,891 $67,828
    Commercial & Industrial, US addressed loans - <$100k 224 $5,189 $23,165
    Commercial & Industrial, US addressed loans - $100-250k 42 $4,173 $99,357
    Commercial & Industrial, US addressed loans - $250k-1MM 42 $11,529 $274,500
    Farmland loans - <$1MM 1 $67 $67,000
    Farmland loans - $100-250k 1 $67 $67,000