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 and Refi loans. Pyramax Bank Fsb has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Racine, Whitewater, Chicago, and Watertown among others. We have data for 18 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 an above 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

    437

    Origination Dollar Volume (All Markets)

    $98,605,000

    Employee count

    108 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) 377 $84,145,000 $223,196 $1,650 3.93%
    RACINE, WI (FHA|USDA|VA) 23 $5,325,000 $231,522 $1,578 3.80%
    Whitewater, WI (FHA|USDA|VA) 8 $2,200,000 $275,000 $1,524 3.98%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 6 $1,850,000 $308,333 $1,710 4.10%
    Outside of Metro Areas 7 $1,605,000 $229,286 $2,372 3.55%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 4 $890,000 $222,500 $1,541 3.88%
    MADISON, WI (FHA|USDA|VA) 1 $335,000 $335,000 $1,482 3.63%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $335,000 $335,000 $2,202 3.50%
    SHEBOYGAN, WI (FHA|USDA|VA) 1 $315,000 $315,000 $1,983 3.13%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $295,000 $295,000 $3,218 3.88%
    GREEN BAY, WI (FHA|USDA|VA) 1 $285,000 $285,000 $2,603 4.00%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $225,000 $225,000 $1,546 3.50%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $215,000 $215,000 $3,352 5.38%
    Escanaba, MI (FHA|USDA|VA) 1 $195,000 $195,000 $1,629 3.38%
    Baraboo, WI (FHA|USDA|VA) 1 $155,000 $155,000 $1,993 4.38%
    Beaver Dam, WI (FHA|USDA|VA) 1 $105,000 $105,000 $1,608 4.50%
    AKRON, OH (FHA|USDA|VA) 1 $95,000 $95,000 $2,691 4.88%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $35,000 $35,000 $1,944 3.63%
    Pyramax Bank Fsb's top markets include Milwaukee, Racine, Whitewater, Chicago, and Watertown among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Michigan (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: 8
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    Fox River State Bank
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    EDUCATORS CREDIT UNION
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    Similarity Rank: 490
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 437 $98,605,000 $225,641 $1,671 3.92%

    For 2019, Pyramax Bank Fsb's most frequently originated type of loan was Conventional, with 437 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 192 $42,030,000 $218,906 $1,865 4.04%
    Refi 138 $32,050,000 $232,246 $1,462 3.73%
    Cash Out Refi 72 $16,520,000 $229,444 $1,688 3.81%
    Home Improvement 29 $7,415,000 $255,690 $1,605 4.05%
    Other 5 $225,000 $45,000 $174 5.35%
    NA 1 $365,000 $365,000 $0 4.50%

    For 2019, Pyramax Bank Fsb's most frequently cited loan purpose was Home Purchase, with 192 originations. The 2nd most popular reason was Refi, with 138 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 320 $75,740,000 $236,688 $1,751 3.97%
    15 Year 67 $12,255,000 $182,910 $1,621 3.43%
    20 Year 20 $4,120,000 $206,000 $1,575 3.62%
    5 Year 10 $2,110,000 $211,000 $222 5.01%
    Other 10 $3,530,000 $353,000 $1,420 3.93%
    10 Year 9 $565,000 $62,778 $306 5.22%
    1 Year 1 $285,000 $285,000 $0 4.75%

    For 2019, Pyramax Bank Fsb's most frequently cited loan duration was 30 Year, with 320 originations. The 2nd most popular length was 15 Year, with 67 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 333 $71,035,000 $213,318
    $1k-2k 88 $22,410,000 $254,659
    $2k-3k 2 $430,000 $215,000
    $3k-4k 1 $455,000 $455,000

    Pyramax Bank Fsb's average total fees were $1,751, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 333 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 267 $63,795,000 $238,933
    4-5% 128 $27,790,000 $217,109
    2.5-3% 21 $3,795,000 $180,714
    5-6% 20 $3,180,000 $159,000
    6-7% 1 $45,000 $45,000

    During 2019, Pyramax Bank Fsb's average interest rate for loans was 3.97%, while their most frequently originated rate bucket for loans was 3-4%, with 267 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 184 $52,720,000 $286,522 $1,753 3.88%
    $100k-200k 156 $23,190,000 $148,654 $1,631 3.81%
    $100,000 or less 58 $3,710,000 $63,966 $1,289 4.35%
    $400k-600k 36 $16,250,000 $451,389 $2,025 3.84%
    $1MM+ 2 $2,030,000 $1,015,000 $0 5.02%
    $600k-1MM 1 $705,000 $705,000 $2,140 4.25%

    2019 saw Pyramax Bank Fsb place emphasis on $200k-400k loans with 184 originations, totaling $52,720,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 114 $29,480,000 $258,596 $1,677 3.91%
    $50k-75k 86 $14,180,000 $164,884 $1,495 3.92%
    $75k-100k 74 $15,780,000 $213,243 $1,714 3.91%
    $50k or less 66 $7,570,000 $114,697 $1,630 3.90%
    $150k-250k 59 $19,225,000 $325,847 $1,865 3.88%
    $250k+ 20 $6,630,000 $331,500 $1,814 3.83%

    Pyramax Bank Fsb lent most frequently to those with incomes in the $100k-150k range, with 114 originations. The second most popular income band? $50k-75k, with 86 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 129 $30,155,000 $233,760 $1,689 3.77%
    30-36% 86 $18,990,000 $220,814 $1,659 3.88%
    <20% 34 $6,300,000 $185,294 $1,598 3.90%
    42% 22 $5,370,000 $244,091 $1,713 3.98%
    39% 18 $3,630,000 $201,667 $1,728 3.94%
    41% 17 $3,795,000 $223,235 $1,702 3.96%
    44% 15 $3,245,000 $216,333 $1,637 3.83%
    40% 14 $3,570,000 $255,000 $1,829 3.79%
    36% 14 $2,520,000 $180,000 $1,519 4.01%
    43% 12 $2,280,000 $190,000 $1,653 4.17%
    49% 12 $3,050,000 $254,167 $1,661 4.07%
    37% 11 $2,655,000 $241,364 $1,601 4.15%
    38% 11 $2,225,000 $202,273 $1,764 4.18%
    45% 10 $2,400,000 $240,000 $1,841 4.09%
    47% 7 $1,455,000 $207,857 $1,850 3.61%
    48% 4 $790,000 $197,500 $1,273 4.34%
    50-60% 4 $570,000 $142,500 $1,039 4.38%
    46% 3 $695,000 $231,667 $1,682 3.79%
    >60% 2 $120,000 $60,000 $245 5.25%

    Pyramax Bank Fsb lent most frequently to those with DTI ratios of 20-30%, with 129 originations. The next most common DTI ratio? 30-36%, with 86 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 396 $87,720,000 $221,515 $1,640 3.90%
    Asian 14 $3,600,000 $257,143 $2,022 3.85%
    Not applicable 8 $3,530,000 $441,250 $0 4.89%
    Not provided 5 $1,345,000 $269,000 $1,639 3.83%
    Black 11 $1,165,000 $105,909 $2,289 4.03%
    Native Hawaiian or Islander 1 $455,000 $455,000 $1,989 3.88%
    Asian Indian 1 $445,000 $445,000 $1,971 3.75%
    American Indian 1 $345,000 $345,000 $1,841 3.75%

    Approval Rates

    Total approvals of all applications
    91.52%

    Pyramax Bank Fsb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.16%

    Pyramax Bank Fsb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 437 $98,605,000 $225,641

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $2,780,000 $695,000
    Single Family (1-4 Units):Site-Built 433 $95,825,000 $221,305

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $2,680,000 $111,667 $1,408 3.78%
    40-60% 70 $13,580,000 $194,000 $1,566 3.66%
    60-80% 180 $45,140,000 $250,778 $1,764 3.90%
    80-100% 146 $35,140,000 $240,685 $1,773 3.98%
    Over 100% 1 $65,000 $65,000 $2,776 4.25%
    Under 20% 15 $995,000 $66,333 $361 5.01%

    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 $65,256
    PyraMax Bank, FSB 1150 Washington St Grafton, WI 53024 Full Service B&M $38,458
    PyraMax Bank, FSB 1500 E Moreland Boulevard Waukesha, WI 53186 Full Service B&M $32,041
    PyraMax Bank, FSB 318 North Water Street Milwaukee, WI 53202 Full Service B&M $23,842
    PyraMax Bank, FSB 405 Rivercrest Court Mukwonago, WI 53149 Full Service B&M $41,232
    PyraMax Bank, FSB 7001 West Edgerton Avenue Greenfield, WI 53220 Full Service B&M $144,477
    PyraMax Bank, FSB 8001 West National Ave West Allis, WI 53214 Full Service B&M $20,142
    PyraMax Bank, FSB 9000 W Drexel Ave Franklin, WI 53132 Full Service B&M $49,158

    For 2019, Pyramax Bank Fsb had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,234
    Net interest income $12,206
    Total noninterest income $3,249
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $383
    Trading account gains and fees $0
    Additional Noninterest Income $2,866
    Pre-tax net operating income $1,375
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,128
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,128
    Minority interest net income $0
    Net income $1,128
    Sale, conversion, retirement of capital stock, net $-1,685
    Net operating income $1,128

    Pyramax Bank Fsb's gross interest income from loans was $17,234,000.
    Pyramax Bank Fsb's net interest income from loans was $12,206,000.
    Pyramax Bank Fsb's fee based income from loans was $383,000.
    Pyramax Bank Fsb's net income from loans was $1,128,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,028
    Provision for credit losses $-1,033
    Total noninterest expense $15,113
    Salaries and employee benefits $9,508
    Premises and equipment expense $1,712
    Additional noninterest expense $3,893
    Applicable income taxes $247
    Net charge-offs $229
    Cash dividends $0

    Pyramax Bank Fsb's interest expense for loans was $5,028,000.
    Pyramax Bank Fsb's payroll and benefits expense were $9,508,000.
    Pyramax Bank Fsb's property, plant and equipment expenses $1,712,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 2.0%
    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 $352,822
    Deposits held in domestic offices $352,822
    Deposits by Individuals, partnerships, and corporations $352,022
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $800
    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 $16,776
    Demand deposits $14,597
    Nontransaction accounts $336,046
    Money market deposit accounts (MMDAs) $65,999
    Other savings deposits (excluding MMDAs) $127,631
    Total time deposits $142,416
    Total time and savings deposits $338,225
    Noninterest-bearing deposits $16,272
    Interest-bearing deposits $336,550
    Retail deposits $306,966
    IRAs and Keogh plan accounts $17,067
    Brokered deposits $29,597
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $425,734
    Cash & Balances due from depository institutions $13,279
    Interest-bearing balances $8,635
    Total securities $69,614
    Federal funds sold & reverse repurchase $200
    Net loans and leases $311,351
    Loan and leases loss allowance $2,000
    Trading account assets $0
    Bank premises and fixed assets $7,341
    Other real estate owned $0
    Goodwill and other intangibles $2,172
    All other assets $21,777

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $425,734
    Total Liabilities $375,419
    Total deposits $352,822
    Interest-bearing deposits $336,550
    Deposits held in domestic offices $352,822
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $19,342
    Subordinated debt $0
    All other liabilities $3,255

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $311,351
    Loan and leases loss allowance $2,000
    Total loans and leases (domestic) $313,351
    All real estate loans $279,426
    Real estate loans in domestic offices $279,426
    Construction and development loans $3,819
    Residential 1-4 family construction $2,041
    Other construction, all land development and other land $1,778
    Loans secured by nonfarm nonresidential properties $109,706
    Nonfarm nonresidential secured by owner-occupied properties $39,528
    Commercial real estate & other non-farm, non-residential $70,178
    Multifamily residential real estate $59,389
    1-4 family residential loans $104,864
    Farmland loans $1,648
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $33,214
    To non-U.S. addressees $0
    Loans to individuals $711
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $530
    Other loans to individuals $181
    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 $446
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    PyraMax Bank FSB had $311,351,000 of loans outstanding in 2019. $279,426,000 of loans were in real estate loans. $3,819,000 of loans were in development loans. $59,389,000 of loans were in multifamily mortgage loans. $104,864,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $530,000 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 111 $34,456 $310,414
    Nonfarm, nonresidential loans - <$100k 13 $686 $52,769
    Nonfarm, nonresidential loans - $100-250k 30 $4,198 $139,933
    Nonfarm, nonresidential loans - $250k-1MM 68 $29,572 $434,882
    Commercial & Industrial, US addressed loans - <$1MM 263 $19,781 $75,213
    Commercial & Industrial, US addressed loans - <$100k 180 $3,660 $20,333
    Commercial & Industrial, US addressed loans - $100-250k 41 $3,826 $93,317
    Commercial & Industrial, US addressed loans - $250k-1MM 42 $12,295 $292,738
    Farmland loans - <$1MM 1 $53 $53,000
    Farmland loans - $100-250k 1 $53 $53,000