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™
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    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Refi and Cash Out Refi loans. Pyramax Bank Fsb has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Racine, Whitewater, Chicago, and Dallas among others. We have data for 28 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.37% 12/16/24
    30 Year Conventional Refi 6.35% 12/16/24
    30 Year Cash-out Refi 6.41% 12/16/24
    30 Year FHA Purchase 6.27% 12/16/24
    15 Year Conventional Purchase 5.91% 12/16/24
    15 Year Conventional Refi 6.09% 12/16/24
    15 Year Cash-out Refi 6.09% 12/16/24
    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

    986

    Origination Dollar Volume (All Markets)

    $250,160,000

    Employee count

    100 Show all (7) 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) 805 $208,675,000 $259,224 $1,519 3.90%
    RACINE, WI (FHA|USDA|VA) 70 $14,240,000 $203,429 $1,487 3.01%
    Whitewater, WI (FHA|USDA|VA) 23 $5,725,000 $248,913 $1,556 3.03%
    Outside of Metro Areas 23 $4,735,000 $205,870 $1,718 2.97%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 10 $2,840,000 $284,000 $1,877 2.85%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 7 $2,075,000 $296,429 $2,666 2.71%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $1,410,000 $352,500 $3,708 3.22%
    MADISON, WI (FHA|USDA|VA) 4 $1,250,000 $312,500 $1,328 2.97%
    GREEN BAY, WI (FHA|USDA|VA) 4 $1,220,000 $305,000 $1,723 2.97%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,130,000 $282,500 $3,952 4.22%
    SHEBOYGAN, WI (FHA|USDA|VA) 6 $1,100,000 $183,333 $1,350 2.90%
    Beaver Dam, WI (FHA|USDA|VA) 5 $1,095,000 $219,000 $1,758 3.00%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 3 $895,000 $298,333 $1,518 3.17%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $855,000 $285,000 $2,316 2.63%
    EAU CLAIRE, WI (FHA|USDA|VA) 2 $470,000 $235,000 $1,390 2.81%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $295,000 $295,000 $2,513 2.88%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $285,000 $285,000 $2,694 3.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $285,000 $285,000 $1,373 2.75%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $265,000 $265,000 $1,489 3.13%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $235,000 $235,000 $0 4.55%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.25%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $165,000 $165,000 $2,065 2.50%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $155,000 $155,000 $2,060 2.88%
    Manitowoc, WI (FHA|USDA|VA) 1 $155,000 $155,000 $1,876 3.25%
    APPLETON, WI (FHA|USDA|VA) 1 $105,000 $105,000 $1,129 3.00%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $95,000 $95,000 $1,764 2.50%
    AKRON, OH (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.13%
    Shawano, WI (FHA|USDA|VA) 1 $95,000 $95,000 $1,634 2.50%
    Pyramax Bank Fsb's top markets include Milwaukee, Racine, Whitewater, Chicago, and Dallas among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Arizona (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.

    Hometown Bank
    Similarity Rank: 144
    Empower Credit Union
    Similarity Rank: 459
    Horicon Bank
    Similarity Rank: 540
    Westbury Bank
    Similarity Rank: 612
    The Greenwood's State Bank
    Similarity Rank: 621
    Fox Valley Savings Bank
    Similarity Rank: 952
    Guardian Credit Union
    Similarity Rank: 999
    NORTHWESTERN MUTUAL
    Similarity Rank: 1016
    State Bank of Cross Plains
    Similarity Rank: 1120
    Commerce State Bank
    Similarity Rank: 1292

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 986 $250,160,000 $253,712 $1,553 3.74%

    For 2020, Pyramax Bank Fsb's most frequently originated type of loan was Conventional, with 986 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 544 $138,070,000 $253,805 $1,480 4.29%
    Cash Out Refi 236 $62,610,000 $265,297 $1,583 2.99%
    Home Purchase 203 $49,305,000 $242,882 $1,749 3.13%
    Other 2 $30,000 $15,000 $235 4.75%
    Home Improvement 1 $145,000 $145,000 $0 4.16%

    For 2020, Pyramax Bank Fsb's most frequently cited loan purpose was Refi, with 544 originations. The 2nd most popular reason was Cash Out Refi, with 236 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 554 $142,440,000 $257,112 $1,633 4.47%
    15 Year 244 $50,290,000 $206,107 $1,481 2.59%
    20 Year 98 $22,370,000 $228,265 $1,447 2.89%
    Other 68 $26,770,000 $393,676 $1,400 3.15%
    5 Year 12 $6,650,000 $554,167 $235 4.22%
    10 Year 10 $1,640,000 $164,000 $1,208 2.73%

    For 2020, Pyramax Bank Fsb's most frequently cited loan duration was 30 Year, with 554 originations. The 2nd most popular length was 15 Year, with 244 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 737 $166,905,000 $226,465
    $1k-2k 183 $56,085,000 $306,475
    $2k-3k 1 $405,000 $405,000

    Pyramax Bank Fsb's average total fees were $1,633, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 737 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 497 $125,165,000 $251,841
    3-4% 264 $76,290,000 $288,977
    <2.5% 201 $43,125,000 $214,552
    4-5% 23 $5,295,000 $230,217
    Over 8% 1 $285,000 $285,000

    During 2020, Pyramax Bank Fsb's average interest rate for loans was 4.47%, while their most frequently originated rate bucket for loans was 2.5-3%, with 497 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 517 $145,195,000 $280,841 $1,571 4.42%
    $100k-200k 317 $48,815,000 $153,991 $1,465 2.93%
    $400k-600k 79 $36,455,000 $461,456 $1,898 3.09%
    $100,000 or less 68 $5,030,000 $73,971 $1,409 3.09%
    $1MM+ 4 $13,720,000 $3,430,000 $0 3.85%
    $600k-1MM 1 $945,000 $945,000 $1,979 4.00%

    2020 saw Pyramax Bank Fsb place emphasis on $200k-400k loans with 517 originations, totaling $145,195,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 266 $68,650,000 $258,083 $1,549 2.92%
    $75k-100k 195 $44,405,000 $227,718 $1,545 6.88%
    $50k-75k 181 $32,245,000 $178,149 $1,488 2.97%
    $150k-250k 168 $53,470,000 $318,274 $1,618 2.90%
    $50k or less 96 $13,550,000 $141,146 $1,546 3.03%
    $250k+ 56 $18,000,000 $321,429 $1,629 2.86%

    Pyramax Bank Fsb lent most frequently to those with incomes in the $100k-150k range, with 266 originations. The second most popular income band? $75k-100k, with 195 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 315 $72,115,000 $228,937 $1,539 5.32%
    30-36% 182 $45,350,000 $249,176 $1,560 2.95%
    <20% 147 $35,275,000 $239,966 $1,510 2.81%
    44% 31 $6,685,000 $215,645 $1,652 3.00%
    36% 30 $7,310,000 $243,667 $1,547 3.00%
    42% 29 $7,525,000 $259,483 $1,559 3.06%
    37% 29 $6,575,000 $226,724 $1,531 3.05%
    40% 24 $6,180,000 $257,500 $1,728 2.95%
    39% 24 $6,050,000 $252,083 $1,749 3.04%
    38% 23 $5,455,000 $237,174 $1,499 3.03%
    41% 23 $5,485,000 $238,478 $1,534 2.94%
    43% 20 $5,590,000 $279,500 $1,585 2.97%
    45% 15 $3,845,000 $256,333 $1,595 3.01%
    49% 14 $3,710,000 $265,000 $1,551 3.21%
    46% 13 $3,185,000 $245,000 $1,606 3.12%
    47% 13 $3,395,000 $261,154 $1,686 3.00%
    48% 12 $2,440,000 $203,333 $1,366 3.38%
    50-60% 9 $2,175,000 $241,667 $1,464 3.07%
    >60% 8 $1,720,000 $215,000 $1,421 2.97%

    Pyramax Bank Fsb lent most frequently to those with DTI ratios of 20-30%, with 315 originations. The next most common DTI ratio? 30-36%, with 182 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 850 $202,650,000 $238,412 $1,543 3.84%
    Not applicable 24 $19,840,000 $826,667 $0 3.88%
    Asian 45 $12,575,000 $279,444 $1,724 2.96%
    Not provided 40 $8,490,000 $212,250 $1,469 2.92%
    Asian Indian 12 $3,150,000 $262,500 $1,718 2.63%
    Black 9 $1,705,000 $189,444 $1,894 3.22%
    American Indian 4 $1,040,000 $260,000 $1,361 2.84%
    Native Hawaiian or Islander 1 $455,000 $455,000 $2,000 2.88%
    Other Asian 1 $255,000 $255,000 $1,584 2.50%

    Approval Rates

    Total approvals of all applications
    92.75%

    Pyramax Bank Fsb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.35%

    Pyramax Bank Fsb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 986 $250,160,000 $253,712

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 16 $18,090,000 $1,130,625
    Single Family (1-4 Units):Manufactured 2 $350,000 $175,000
    Single Family (1-4 Units):Site-Built 968 $231,720,000 $239,380

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 37 $7,365,000 $199,054 $1,492 2.73%
    40-60% 219 $52,895,000 $241,530 $1,505 2.82%
    60-80% 507 $131,635,000 $259,635 $1,531 4.50%
    80-100% 214 $54,340,000 $253,925 $1,678 3.03%
    Over 100% 1 $105,000 $105,000 $0 4.50%
    Under 20% 6 $310,000 $51,667 $431 4.34%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Prime Choice Funding Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 50.0%
    Prime Choice Funding Inc. VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    Prime Choice Funding Inc. VA mortgage Closing on a mortgage 1 16.7%
    Prime Choice Funding Inc. VA mortgage Trouble during payment process 1 16.7%

    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 $63,520
    Pyramax Bank, FSB 1150 Washington St Grafton, WI 53024 Full Service B&M $35,080
    Pyramax Bank, FSB 1500 E Moreland Boulevard Waukesha, WI 53186 Full Service B&M $30,299
    Pyramax Bank, FSB 405 Rivercrest Court Mukwonago, WI 53149 Full Service B&M $40,877
    Pyramax Bank, FSB 7001 West Edgerton Avenue Greenfield, WI 53220 Full Service B&M $146,526
    Pyramax Bank, FSB 9000 W Drexel Ave Franklin, WI 53132 Full Service B&M $49,897

    For 2020, Pyramax Bank Fsb had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,393
    Net interest income $12,271
    Total noninterest income $5,333
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $349
    Trading account gains and fees $0
    Additional Noninterest Income $4,984
    Pre-tax net operating income $3,135
    Securities gains (or losses, -) $1,032
    Income before extraordinary items $2,098
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,098
    Minority interest net income $0
    Net income $2,098
    Sale, conversion, retirement of capital stock, net $70
    Net operating income $1,282

    Pyramax Bank Fsb's gross interest income from loans was $15,393,000.
    Pyramax Bank Fsb's net interest income from loans was $12,271,000.
    Pyramax Bank Fsb's fee based income from loans was $349,000.
    Pyramax Bank Fsb's net income from loans was $2,098,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,122
    Provision for credit losses $500
    Total noninterest expense $13,969
    Salaries and employee benefits $8,897
    Premises and equipment expense $1,361
    Additional noninterest expense $3,711
    Applicable income taxes $2,069
    Net charge-offs $-203
    Cash dividends $0

    Pyramax Bank Fsb's interest expense for loans was $3,122,000.
    Pyramax Bank Fsb's payroll and benefits expense were $8,897,000.
    Pyramax Bank Fsb's property, plant and equipment expenses $1,361,000.

    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 1.0%
    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 $386,558
    Deposits held in domestic offices $386,558
    Deposits by Individuals, partnerships, and corporations $385,894
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $664
    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 $133,574
    Demand deposits $129,012
    Nontransaction accounts $252,984
    Money market deposit accounts (MMDAs) $103,724
    Other savings deposits (excluding MMDAs) $61,632
    Total time deposits $87,630
    Total time and savings deposits $257,546
    Noninterest-bearing deposits $131,708
    Interest-bearing deposits $254,851
    Retail deposits $372,827
    IRAs and Keogh plan accounts $15,126
    Brokered deposits $5,513
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $515,748
    Cash & Balances due from depository institutions $89,558
    Interest-bearing balances $85,091
    Total securities $60,291
    Federal funds sold & reverse repurchase $4,549
    Net loans and leases $331,543
    Loan and leases loss allowance $2,703
    Trading account assets $0
    Bank premises and fixed assets $6,275
    Other real estate owned $0
    Goodwill and other intangibles $1,806
    All other assets $21,726

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $515,748
    Total Liabilities $462,238
    Total deposits $386,558
    Interest-bearing deposits $254,851
    Deposits held in domestic offices $386,558
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $70,077
    Subordinated debt $0
    All other liabilities $5,603

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $331,543
    Loan and leases loss allowance $2,703
    Total loans and leases (domestic) $334,246
    All real estate loans $287,733
    Real estate loans in domestic offices $287,733
    Construction and development loans $8,270
    Residential 1-4 family construction $2,954
    Other construction, all land development and other land $5,316
    Loans secured by nonfarm nonresidential properties $108,867
    Nonfarm nonresidential secured by owner-occupied properties $37,619
    Commercial real estate & other non-farm, non-residential $71,248
    Multifamily residential real estate $65,832
    1-4 family residential loans $103,235
    Farmland loans $1,529
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $46,020
    To non-U.S. addressees $0
    Loans to individuals $493
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $326
    Other loans to individuals $167
    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 $432
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    PyraMax Bank FSB had $331,543,000 of loans outstanding in 2020. $287,733,000 of loans were in real estate loans. $8,270,000 of loans were in development loans. $65,832,000 of loans were in multifamily mortgage loans. $103,235,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $326,000 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 98 $32,291 $329,500
    Nonfarm, nonresidential loans - <$100k 11 $511 $46,455
    Nonfarm, nonresidential loans - $100-250k 25 $3,519 $140,760
    Nonfarm, nonresidential loans - $250k-1MM 62 $28,261 $455,823
    Commercial & Industrial, US addressed loans - <$1MM 477 $30,645 $64,245
    Commercial & Industrial, US addressed loans - <$100k 357 $9,827 $27,527
    Commercial & Industrial, US addressed loans - $100-250k 64 $6,026 $94,156
    Commercial & Industrial, US addressed loans - $250k-1MM 56 $14,792 $264,143
    Farmland loans - <$1MM 1 $37 $37,000
    Farmland loans - $100-250k 1 $37 $37,000