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, Cash Out Refi, and Home Purchase loans. Pyramax Bank Fsb has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Racine, Whitewater, Oshkosh, and Watertown among others. We have data for 26 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.

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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

    693

    Origination Dollar Volume (All Markets)

    $172,905,000

    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) 573 $141,285,000 $246,571 $1,507 2.83%
    RACINE, WI (FHA|USDA|VA) 40 $9,040,000 $226,000 $1,497 2.83%
    Whitewater, WI (FHA|USDA|VA) 17 $3,925,000 $230,882 $1,512 2.97%
    Outside of Metro Areas 12 $2,910,000 $242,500 $1,540 2.71%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $2,625,000 $2,625,000 $0 2.50%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 7 $1,485,000 $212,143 $1,593 3.07%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 6 $1,470,000 $245,000 $2,592 2.90%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,175,000 $235,000 $3,254 3.20%
    Beaver Dam, WI (FHA|USDA|VA) 5 $1,155,000 $231,000 $1,964 2.93%
    GREEN BAY, WI (FHA|USDA|VA) 5 $965,000 $193,000 $1,569 2.68%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $900,000 $450,000 $2,334 2.38%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $810,000 $405,000 $5,299 2.63%
    APPLETON, WI (FHA|USDA|VA) 2 $790,000 $395,000 $2,370 2.63%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $695,000 $695,000 $3,089 2.50%
    MADISON, WI (FHA|USDA|VA) 2 $570,000 $285,000 $1,225 2.69%
    SHEBOYGAN, WI (FHA|USDA|VA) 3 $515,000 $171,667 $1,487 3.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $505,000 $505,000 $5,384 2.88%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $485,000 $485,000 $4,772 3.13%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $305,000 $305,000 $2,592 2.63%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $295,000 $295,000 $0 3.25%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $285,000 $285,000 $3,622 2.75%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $265,000 $265,000 $1,184 2.50%
    Manitowoc, WI (FHA|USDA|VA) 1 $145,000 $145,000 $1,129 2.88%
    Shawano, WI (FHA|USDA|VA) 1 $115,000 $115,000 $1,615 2.50%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $95,000 $95,000 $0 2.88%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $95,000 $95,000 $1,647 2.88%
    Pyramax Bank Fsb's top markets include Milwaukee, Racine, Whitewater, Oshkosh, and Watertown among others.

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

    NORTHWESTERN MUTUAL
    Similarity Rank: 670
    The Park Bank
    Similarity Rank: 819
    Hometown Bank
    Similarity Rank: 840
    Farmers & Merchants State Bank
    Similarity Rank: 976
    Westbury Bank
    Similarity Rank: 1007
    The Greenwood's State Bank
    Similarity Rank: 1025
    Kohler Credit Union
    Similarity Rank: 1188
    State Bank of Cross Plains
    Similarity Rank: 1200
    PRIME FINANCIAL CREDIT UNION
    Similarity Rank: 1211
    Horicon Bank
    Similarity Rank: 1224

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 693 $172,905,000 $249,502 $1,558 2.83%

    For 2021, Pyramax Bank Fsb's most frequently originated type of loan was Conventional, with 693 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 332 $78,240,000 $235,663 $1,365 2.71%
    Cash Out Refi 205 $47,965,000 $233,976 $1,560 2.81%
    Home Purchase 149 $44,875,000 $301,174 $1,992 3.12%
    Home Improvement 4 $830,000 $207,500 $1,732 2.81%
    Other 3 $995,000 $331,667 $1,994 3.21%

    For 2021, Pyramax Bank Fsb's most frequently cited loan purpose was Refi, with 332 originations. The 2nd most popular reason was Cash Out Refi, with 205 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 363 $94,575,000 $260,537 $1,702 3.01%
    15 Year 190 $34,490,000 $181,526 $1,426 2.47%
    20 Year 73 $14,145,000 $193,767 $1,380 2.74%
    Other 43 $23,335,000 $542,674 $1,405 2.79%
    10 Year 14 $3,830,000 $273,571 $1,111 2.98%
    5 Year 10 $2,530,000 $253,000 $0 4.00%

    For 2021, Pyramax Bank Fsb's most frequently cited loan duration was 30 Year, with 363 originations. The 2nd most popular length was 15 Year, with 190 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 585 $132,025,000 $225,684
    $1k-2k 49 $15,045,000 $307,041

    Pyramax Bank Fsb's average total fees were $1,702, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 585 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 320 $76,420,000 $238,813
    <2.5% 221 $46,225,000 $209,163
    3-4% 143 $46,615,000 $325,979
    4-5% 8 $3,600,000 $450,000
    5-6% 1 $45,000 $45,000

    During 2021, Pyramax Bank Fsb's average interest rate for loans was 3.01%, while their most frequently originated rate bucket for loans was 2.5-3%, with 320 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 279 $41,705,000 $149,480 $1,454 2.78%
    $200k-400k 264 $72,740,000 $275,530 $1,582 2.83%
    $100,000 or less 73 $5,375,000 $73,630 $1,346 2.93%
    $400k-600k 66 $31,740,000 $480,909 $1,992 2.88%
    $1MM+ 8 $18,990,000 $2,373,750 $3,249 3.47%
    $600k-1MM 3 $2,355,000 $785,000 $2,788 3.00%

    2021 saw Pyramax Bank Fsb place emphasis on $100k-200k loans with 279 originations, totaling $41,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 175 $43,265,000 $247,229 $1,602 2.83%
    $50k-75k 145 $23,485,000 $161,966 $1,480 2.82%
    $75k-100k 131 $28,555,000 $217,977 $1,560 2.85%
    $150k-250k 93 $28,695,000 $308,548 $1,573 2.73%
    $50k or less 91 $11,165,000 $122,692 $1,418 2.80%
    $250k+ 38 $17,910,000 $471,316 $1,975 2.75%

    Pyramax Bank Fsb lent most frequently to those with incomes in the $100k-150k range, with 175 originations. The second most popular income band? $50k-75k, with 145 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 186 $42,650,000 $229,301 $1,528 2.80%
    30-36% 126 $29,220,000 $231,905 $1,538 2.77%
    <20% 101 $21,885,000 $216,683 $1,478 2.68%
    41% 28 $7,700,000 $275,000 $1,589 2.77%
    42% 24 $6,070,000 $252,917 $1,592 2.80%
    38% 24 $4,620,000 $192,500 $1,574 2.97%
    40% 23 $5,195,000 $225,870 $1,535 2.73%
    37% 23 $5,985,000 $260,217 $1,759 2.97%
    36% 20 $4,180,000 $209,000 $1,536 2.70%
    39% 19 $3,935,000 $207,105 $1,726 2.77%
    49% 19 $4,675,000 $246,053 $1,706 2.99%
    45% 17 $3,965,000 $233,235 $1,770 2.92%
    48% 13 $3,135,000 $241,154 $1,718 3.02%
    44% 13 $2,935,000 $225,769 $1,729 3.11%
    43% 12 $2,570,000 $214,167 $1,433 3.16%
    46% 11 $1,675,000 $152,273 $1,333 2.63%
    47% 10 $1,830,000 $183,000 $1,595 2.95%
    50-60% 2 $630,000 $315,000 $1,623 3.06%
    >60% 1 $235,000 $235,000 $1,602 2.50%

    Pyramax Bank Fsb lent most frequently to those with DTI ratios of 20-30%, with 186 originations. The next most common DTI ratio? 30-36%, with 126 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 571 $130,195,000 $228,012 $1,559 2.80%
    Not applicable 18 $19,350,000 $1,075,000 $0 3.72%
    Not provided 64 $13,820,000 $215,938 $1,567 2.81%
    Asian 31 $6,455,000 $208,226 $1,388 2.72%
    Black 5 $2,385,000 $477,000 $2,369 3.40%
    American Indian 3 $405,000 $135,000 $1,131 3.25%
    Asian Indian 1 $295,000 $295,000 $0 3.25%

    Approval Rates

    Total approvals of all applications
    93.62%

    Pyramax Bank Fsb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.33%

    Pyramax Bank Fsb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 693 $172,905,000 $249,502

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    693 $172,905,000 $249,502

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 58 $8,460,000 $145,862 $1,538 2.60%
    40-60% 204 $43,400,000 $212,745 $1,475 2.74%
    60-80% 314 $87,860,000 $279,809 $1,508 2.88%
    80-100% 111 $31,135,000 $280,495 $1,853 2.96%
    Under 20% 5 $1,875,000 $375,000 $1,160 3.46%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Prime Choice Funding Inc. Conventional home mortgage Closing on a mortgage 1 50.0%
    Prime Choice Funding Inc. VA mortgage Trouble during payment process 1 50.0%

    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 $67,759
    Pyramax Bank, FSB 1150 Washington St Grafton, WI 53024 Full Service B&M $39,639
    Pyramax Bank, FSB 1500 E Moreland Boulevard Waukesha, WI 53186 Full Service B&M $34,621
    Pyramax Bank, FSB 405 Rivercrest Court Mukwonago, WI 53149 Full Service B&M $48,352
    Pyramax Bank, FSB 7001 West Edgerton Avenue Greenfield, WI 53220 Full Service B&M $226,498
    Pyramax Bank, FSB 9000 W Drexel Ave Franklin, WI 53132 Full Service B&M $60,292

    For 2021, Pyramax Bank Fsb had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,233
    Net interest income $12,622
    Total noninterest income $4,188
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $400
    Trading account gains and fees $0
    Additional Noninterest Income $3,788
    Pre-tax net operating income $1,927
    Securities gains (or losses, -) $-74
    Income before extraordinary items $1,404
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,404
    Minority interest net income $0
    Net income $1,404
    Sale, conversion, retirement of capital stock, net $-1,795
    Net operating income $1,462

    Pyramax Bank Fsb's gross interest income from loans was $14,233,000.
    Pyramax Bank Fsb's net interest income from loans was $12,622,000.
    Pyramax Bank Fsb's fee based income from loans was $400,000.
    Pyramax Bank Fsb's net income from loans was $1,404,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,611
    Provision for credit losses $30
    Total noninterest expense $14,853
    Salaries and employee benefits $9,519
    Premises and equipment expense $1,349
    Additional noninterest expense $3,985
    Applicable income taxes $449
    Net charge-offs $-125
    Cash dividends $0

    Pyramax Bank Fsb's interest expense for loans was $1,611,000.
    Pyramax Bank Fsb's payroll and benefits expense were $9,519,000.
    Pyramax Bank Fsb's property, plant and equipment expenses $1,349,000.

    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 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 $404,379
    Deposits held in domestic offices $404,379
    Deposits by Individuals, partnerships, and corporations $403,657
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $722
    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 $162,149
    Demand deposits $124,676
    Nontransaction accounts $242,230
    Money market deposit accounts (MMDAs) $94,824
    Other savings deposits (excluding MMDAs) $66,814
    Total time deposits $80,593
    Total time and savings deposits $279,703
    Noninterest-bearing deposits $126,542
    Interest-bearing deposits $277,837
    Retail deposits $394,339
    IRAs and Keogh plan accounts $12,921
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $538,274
    Cash & Balances due from depository institutions $66,846
    Interest-bearing balances $61,793
    Total securities $114,759
    Federal funds sold & reverse repurchase $1,504
    Net loans and leases $324,962
    Loan and leases loss allowance $2,858
    Trading account assets $0
    Bank premises and fixed assets $5,864
    Other real estate owned $0
    Goodwill and other intangibles $2,036
    All other assets $22,303

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $538,274
    Total Liabilities $470,151
    Total deposits $404,379
    Interest-bearing deposits $277,837
    Deposits held in domestic offices $404,379
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $58,993
    Subordinated debt $0
    All other liabilities $6,779

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $324,962
    Loan and leases loss allowance $2,858
    Total loans and leases (domestic) $327,820
    All real estate loans $289,193
    Real estate loans in domestic offices $289,193
    Construction and development loans $11,669
    Residential 1-4 family construction $3,388
    Other construction, all land development and other land $8,281
    Loans secured by nonfarm nonresidential properties $102,506
    Nonfarm nonresidential secured by owner-occupied properties $42,614
    Commercial real estate & other non-farm, non-residential $59,892
    Multifamily residential real estate $68,206
    1-4 family residential loans $105,392
    Farmland loans $1,420
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $38,407
    To non-U.S. addressees $0
    Loans to individuals $220
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $102
    Other loans to individuals $118
    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 $421
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    PyraMax Bank FSB had $324,962,000 of loans outstanding in 2021. $289,193,000 of loans were in real estate loans. $11,669,000 of loans were in development loans. $68,206,000 of loans were in multifamily mortgage loans. $105,392,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $102,000 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 96 $30,780 $320,625
    Nonfarm, nonresidential loans - <$100k 11 $395 $35,909
    Nonfarm, nonresidential loans - $100-250k 25 $3,161 $126,440
    Nonfarm, nonresidential loans - $250k-1MM 60 $27,224 $453,733
    Commercial & Industrial, US addressed loans - <$1MM 412 $24,151 $58,619
    Commercial & Industrial, US addressed loans - <$100k 315 $8,324 $26,425
    Commercial & Industrial, US addressed loans - $100-250k 51 $5,471 $107,275
    Commercial & Industrial, US addressed loans - $250k-1MM 46 $10,356 $225,130
    Farmland loans - <$1MM 1 $20 $20,000
    Farmland loans - $100-250k 1 $20 $20,000