Waldo State Bank Mortgage Rates, Fees & Info

Waldo, WI

LEI: 549300ALPT3HYIWS8833

Tax ID: 39-0684560

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Mortgage Data

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

    Waldo State Bank is a smaller bank specializing in Refi and Home Purchase loans. Waldo State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Sheboygan, Milwaukee, Manitowoc, Marinette, and Oshkosh among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Waldo 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.

    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.

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    Originations

    68

    Origination Dollar Volume (All Markets)

    $10,960,000

    Employee count

    16

    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
    SHEBOYGAN, WI (FHA|USDA|VA) 60 $10,290,000 $171,500 $0 0.00%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $230,000 $115,000 $0 0.00%
    Manitowoc, WI (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Outside of Metro Areas 1 $125,000 $125,000 $0 0.00%
    Marinette, WI-MI (FHA|USDA|VA) 2 $70,000 $35,000 $0 0.00%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    Waldo State Bank's top markets include Sheboygan, Milwaukee, Manitowoc, Marinette, and Oshkosh among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 68 $10,960,000 $161,176 $0 0.00%

    For 2020, Waldo State Bank's most frequently originated type of loan was Conventional, with 68 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 35 $6,515,000 $186,143 $0 0.00%
    Home Purchase 26 $4,000,000 $153,846 $0 0.00%
    Other 5 $395,000 $79,000 $0 0.00%
    Home Improvement 2 $50,000 $25,000 $0 0.00%

    For 2020, Waldo State Bank's most frequently cited loan purpose was Refi, with 35 originations. The 2nd most popular reason was Home Purchase, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 68 $10,960,000 $161,176 $0 0.00%

    For 2020, Waldo State Bank's most frequently cited loan duration was Other, with 68 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 26 $1,260,000 $48,462 $0 0.00%
    $100k-200k 25 $3,495,000 $139,800 $0 0.00%
    $200k-400k 10 $2,630,000 $263,000 $0 0.00%
    $400k-600k 6 $2,960,000 $493,333 $0 0.00%
    $600k-1MM 1 $615,000 $615,000 $0 0.00%

    2020 saw Waldo State Bank place emphasis on $100,000 or less loans with 26 originations, totaling $1,260,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 14 $1,620,000 $115,714 $0 0.00%
    $75k-100k 14 $1,760,000 $125,714 $0 0.00%
    $100k-150k 13 $2,015,000 $155,000 $0 0.00%
    $50k or less 8 $720,000 $90,000 $0 0.00%
    $150k-250k 2 $540,000 $270,000 $0 0.00%
    $250k+ 1 $75,000 $75,000 $0 0.00%

    Waldo State Bank lent most frequently to those with incomes in the $50k-75k range, with 14 originations. The second most popular income band? $75k-100k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 68 $10,960,000 $161,176 $0 0.00%

    Waldo State Bank lent most frequently to those with DTI ratios of Exempt%, with 68 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 51 $6,615,000 $129,706 $0 0.00%
    Not applicable 16 $4,230,000 $264,375 $0 0.00%
    Asian 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.23%

    Waldo State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.35%

    Waldo State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 68 $10,960,000 $161,176

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $2,610,000 $326,250
    Single Family (1-4 Units):Manufactured 2 $50,000 $25,000
    Single Family (1-4 Units):Site-Built 58 $8,300,000 $143,103

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Waldo State Bank 119 N Depot St Waldo, WI 53093 Full Service B&M $82,003

    For 2020, Waldo State Bank had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,826
    Net interest income $2,844
    Total noninterest income $579
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $47
    Trading account gains and fees $0
    Additional Noninterest Income $532
    Pre-tax net operating income $1,087
    Securities gains (or losses, -) $0
    Income before extraordinary items $924
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $924
    Minority interest net income $0
    Net income $924
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $924

    Waldo State Bank's gross interest income from loans was $3,826,000.
    Waldo State Bank's net interest income from loans was $2,844,000.
    Waldo State Bank's fee based income from loans was $47,000.
    Waldo State Bank's net income from loans was $924,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $982
    Provision for credit losses $30
    Total noninterest expense $2,306
    Salaries and employee benefits $1,295
    Premises and equipment expense $357
    Additional noninterest expense $654
    Applicable income taxes $163
    Net charge-offs $-31
    Cash dividends $80

    Waldo State Bank's interest expense for loans was $982,000.
    Waldo State Bank's payroll and benefits expense were $1,295,000.
    Waldo State Bank's property, plant and equipment expenses $357,000.

    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 1.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $93,758
    Deposits held in domestic offices $93,758
    Deposits by Individuals, partnerships, and corporations $81,701
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $7,814
    Deposits by Commercial banks and other depository institutions in U.S. $4,243
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $17,177
    Demand deposits $17,060
    Nontransaction accounts $76,581
    Money market deposit accounts (MMDAs) $28,817
    Other savings deposits (excluding MMDAs) $10,039
    Total time deposits $37,725
    Total time and savings deposits $76,698
    Noninterest-bearing deposits $10,336
    Interest-bearing deposits $83,422
    Retail deposits $87,139
    IRAs and Keogh plan accounts $4,760
    Brokered deposits $3,508
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $107,635
    Cash & Balances due from depository institutions $4,784
    Interest-bearing balances $598
    Total securities $11,306
    Federal funds sold & reverse repurchase $18,391
    Net loans and leases $67,416
    Loan and leases loss allowance $1,039
    Trading account assets $0
    Bank premises and fixed assets $2,627
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $3,111

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $107,635
    Total Liabilities $96,117
    Total deposits $93,758
    Interest-bearing deposits $83,422
    Deposits held in domestic offices $93,758
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $2,000
    Subordinated debt $0
    All other liabilities $359

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $67,416
    Loan and leases loss allowance $1,039
    Total loans and leases (domestic) $68,455
    All real estate loans $50,624
    Real estate loans in domestic offices $50,624
    Construction and development loans $8,317
    Residential 1-4 family construction $7,973
    Other construction, all land development and other land $344
    Loans secured by nonfarm nonresidential properties $6,090
    Nonfarm nonresidential secured by owner-occupied properties $4,548
    Commercial real estate & other non-farm, non-residential $1,542
    Multifamily residential real estate $1,262
    1-4 family residential loans $34,588
    Farmland loans $367
    Loans held in foreign offices $0
    Farm loans $574
    Commercial and industrial loans $14,751
    To non-U.S. addressees $0
    Loans to individuals $1,785
    Credit card loans $0
    Related Plans $47
    Consumer Auto Loans $1,230
    Other loans to individuals $508
    All other loans & leases $721
    Loans to foreign governments and official institutions $0
    Other loans $7
    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 $557
    Non 1-4 family restructured loans & leases $152
    Total loans and leases (foreign) $0

    Waldo State Bank had $67,416,000 of loans outstanding in 2020. $50,624,000 of loans were in real estate loans. $8,317,000 of loans were in development loans. $1,262,000 of loans were in multifamily mortgage loans. $34,588,000 of loans were in 1-4 family mortgage loans. $574,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,230,000 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 33 $6,089 $184,515
    Nonfarm, nonresidential loans - <$100k 11 $462 $42,000
    Nonfarm, nonresidential loans - $100-250k 9 $917 $101,889
    Nonfarm, nonresidential loans - $250k-1MM 13 $4,710 $362,308
    Commercial & Industrial, US addressed loans - <$1MM 205 $13,614 $66,410
    Commercial & Industrial, US addressed loans - <$100k 158 $4,934 $31,228
    Commercial & Industrial, US addressed loans - $100-250k 33 $3,832 $116,121
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $4,848 $346,286
    Farmland loans - <$1MM 8 $366 $45,750
    Farmland loans - <$100k 7 $257 $36,714
    Farmland loans - $100-250k 1 $109 $109,000
    Agriculture operations loans - <$1MM 12 $574 $47,833
    Agriculture operations loans - <$100k 8 $156 $19,500
    Agriculture operations loans - $100-250k 1 $14 $14,000
    Agriculture operations loans - $250k-1MM 3 $404 $134,667