The Port Washington State Bank Mortgage Rates, Fees & Info

Port Washington, WI

LEI: 549300BPOIHOHG3TPP54

Tax ID: 39-0545620

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

    The Port Washington State Bank is a smaller bank specializing in Home Purchase and Refi loans. The Port Washington State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Sheboygan, Beaver Dam, Racine, and Marinette among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Port Washington State Bank 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. The Port Washington State Bank 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 6.70% 4/18/24
    30 Year Conventional Refi 6.66% 4/18/24
    30 Year Cash-out Refi 6.59% 4/18/24
    15 Year Conventional Purchase 6.09% 4/18/24
    15 Year Conventional Refi 6.26% 4/18/24
    15 Year Cash-out Refi 6.26% 4/18/24
    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.

    The Port Washington State Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from The Port Washington State Bank. 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

    435

    Origination Dollar Volume (All Markets)

    $68,985,000

    Employee count

    104

    Awards

    The Port Washington State Bank 30 Year Conventional Loans bronze
    Show all (1) 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) 374 $59,100,000 $158,021 $1,803 4.72%
    SHEBOYGAN, WI (FHA|USDA|VA) 43 $6,215,000 $144,535 $1,663 4.79%
    Outside of Metro Areas 5 $1,165,000 $233,000 $2,748 4.75%
    Beaver Dam, WI (FHA|USDA|VA) 2 $1,160,000 $580,000 $3,923 4.21%
    RACINE, WI (FHA|USDA|VA) 2 $320,000 $160,000 $4,601 4.56%
    Marinette, WI-MI (FHA|USDA|VA) 2 $240,000 $120,000 $1,730 4.63%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $225,000 $225,000 $2,366 4.00%
    Manitowoc, WI (FHA|USDA|VA) 3 $185,000 $61,667 $1,763 4.38%
    Shawano, WI (FHA|USDA|VA) 1 $165,000 $165,000 $2,052 4.50%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $165,000 $165,000 $2,443 4.50%
    Iron Mountain, MI-WI (FHA|USDA|VA) 1 $45,000 $45,000 $1,941 5.50%
    The Port Washington State Bank's top markets include Milwaukee, Sheboygan, Beaver Dam, Racine, and Marinette among others.

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

    • Similar Lenders

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

    AppleTree Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 435 $68,985,000 $158,586 $1,822 4.72%

    For 2018, The Port Washington State Bank's most frequently originated type of loan was Conventional, with 435 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 225 $43,155,000 $191,800 $2,452 4.77%
    Refi 101 $14,615,000 $144,703 $1,222 4.67%
    Cash Out Refi 49 $7,605,000 $155,204 $2,144 4.55%
    Other 34 $1,810,000 $53,235 $329 4.74%
    Home Improvement 26 $1,800,000 $69,231 $279 4.81%

    For 2018, The Port Washington State Bank's most frequently cited loan purpose was Home Purchase, with 225 originations. The 2nd most popular reason was Refi, with 101 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 210 $40,560,000 $193,143 $2,510 4.73%
    5 Year 71 $8,205,000 $115,563 $261 4.75%
    15 Year 51 $6,695,000 $131,275 $1,833 4.12%
    20 Year 39 $5,375,000 $137,821 $1,241 4.51%
    10 Year 32 $1,930,000 $60,313 $602 5.19%
    Other 26 $5,420,000 $208,462 $879 5.39%
    3 Year 3 $365,000 $121,667 $324 4.42%
    1 Year 3 $435,000 $145,000 $0 5.75%

    For 2018, The Port Washington State Bank's most frequently cited loan duration was 30 Year, with 210 originations. The 2nd most popular length was 5 Year, with 71 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 279 $33,585,000 $120,376
    $1k-2k 64 $12,660,000 $197,813
    $2k-3k 29 $6,805,000 $234,655
    $3k-4k 13 $2,845,000 $218,846
    $5k+ 6 $1,670,000 $278,333
    $4k-5k 1 $355,000 $355,000

    The Port Washington State Bank's average total fees were $2,510, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 279 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 311 $50,355,000 $161,913
    5-6% 68 $10,970,000 $161,324
    3-4% 38 $6,710,000 $176,579
    6-7% 17 $895,000 $52,647
    <2.5% 1 $55,000 $55,000

    During 2018, The Port Washington State Bank's average interest rate for loans was 4.73%, while their most frequently originated rate bucket for loans was 4-5%, with 311 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 163 $8,265,000 $50,706 $890 4.81%
    $100k-200k 160 $23,640,000 $147,750 $2,090 4.68%
    $200k-400k 85 $22,215,000 $261,353 $2,841 4.63%
    $400k-600k 21 $9,245,000 $440,238 $3,284 4.77%
    $600k-1MM 5 $4,085,000 $817,000 $1,540 4.64%
    $1MM+ 1 $1,535,000 $1,535,000 $0 4.25%

    2018 saw The Port Washington State Bank place emphasis on $100,000 or less loans with 163 originations, totaling $8,265,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 88 $10,030,000 $113,977 $1,606 4.67%
    $100k-150k 86 $13,720,000 $159,535 $1,869 4.76%
    $50k or less 77 $7,925,000 $102,922 $1,763 4.69%
    $75k-100k 61 $8,855,000 $145,164 $1,862 4.67%
    $150k-250k 52 $11,180,000 $215,000 $2,248 4.66%
    $250k+ 27 $6,745,000 $249,815 $1,924 4.59%

    The Port Washington State Bank lent most frequently to those with incomes in the $50k-75k range, with 88 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% 118 $17,080,000 $144,746 $1,852 4.59%
    30-36% 71 $9,625,000 $135,563 $1,882 4.78%
    <20% 38 $6,440,000 $169,474 $1,867 4.55%
    39% 18 $2,790,000 $155,000 $1,327 4.89%
    43% 17 $2,295,000 $135,000 $1,518 4.92%
    46% 14 $1,650,000 $117,857 $2,122 4.59%
    50-60% 14 $1,250,000 $89,286 $1,092 4.66%
    49% 13 $2,205,000 $169,615 $1,861 4.58%
    42% 11 $1,815,000 $165,000 $1,767 4.76%
    41% 11 $1,725,000 $156,818 $1,750 4.85%
    40% 10 $770,000 $77,000 $1,247 4.64%
    48% 9 $1,365,000 $151,667 $2,292 4.47%
    37% 9 $815,000 $90,556 $1,466 5.13%
    44% 9 $2,495,000 $277,222 $2,340 4.43%
    38% 8 $1,680,000 $210,000 $3,124 4.70%
    45% 8 $1,560,000 $195,000 $1,666 4.64%
    36% 8 $1,170,000 $146,250 $2,475 4.55%
    >60% 4 $750,000 $187,500 $1,247 4.73%
    47% 2 $440,000 $220,000 $1,610 4.50%

    The Port Washington State Bank lent most frequently to those with DTI ratios of 20-30%, with 118 originations. The next most common DTI ratio? 30-36%, with 71 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 337 $51,425,000 $152,596 $1,813 4.67%
    Not applicable 36 $9,000,000 $250,000 $0 5.12%
    Not provided 48 $6,730,000 $140,208 $1,698 4.82%
    Asian 7 $965,000 $137,857 $2,225 4.62%
    American Indian 3 $375,000 $125,000 $3,350 4.79%
    Chinese 1 $205,000 $205,000 $2,981 4.63%
    Black 2 $200,000 $100,000 $1,897 4.94%
    Asian Indian 1 $85,000 $85,000 $2,070 4.75%

    Approval Rates

    Total approvals of all applications
    94.62%

    The Port Washington State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.21%

    The Port Washington State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 435 $68,985,000 $158,586

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $5,550,000 $693,750
    Single Family (1-4 Units):Manufactured 5 $325,000 $65,000
    Single Family (1-4 Units):Site-Built 422 $63,110,000 $149,550

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 61 $6,235,000 $102,213 $983 4.69%
    40-60% 38 $6,350,000 $167,105 $1,615 4.58%
    60-80% 130 $26,400,000 $203,077 $2,744 4.63%
    80-100% 121 $25,995,000 $214,835 $2,499 4.82%
    Over 100% 2 $540,000 $270,000 $1,444 5.19%
    Under 20% 83 $3,465,000 $41,747 $299 4.81%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Port Washington State Bank 197 South Main Street Thiensville, WI 53092 Full Service Retail $14,154
    The Port Washington State Bank 201 Regal Drive Fredonia, WI 53021 Full Service B&M $62,996
    The Port Washington State Bank 206 North Franklin Street Port Washington, WI 53074 Full Service B&M $191,356
    The Port Washington State Bank 2080 Washington Street Grafton, WI 53024 Full Service B&M $68,021
    The Port Washington State Bank 545 Main Street Belgium, WI 53004 Full Service B&M $37,356
    The Port Washington State Bank 601 East Green Bay Avenue Saukville, WI 53080 Full Service B&M $55,035
    The Port Washington State Bank W61 N526 Washington Avenue Cedarburg, WI 53012 Full Service B&M $90,809

    For 2018, The Port Washington State Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $21,750
    Net interest income $18,780
    Total noninterest income $3,359
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $626
    Trading account gains and fees $0
    Additional Noninterest Income $2,733
    Pre-tax net operating income $7,478
    Securities gains (or losses, -) $6
    Income before extraordinary items $5,671
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,671
    Minority interest net income $0
    Net income $5,671
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,666

    The Port Washington State Bank's gross interest income from loans was $21,750,000.
    The Port Washington State Bank's net interest income from loans was $18,780,000.
    The Port Washington State Bank's fee based income from loans was $626,000.
    The Port Washington State Bank's net income from loans was $5,671,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,970
    Provision for credit losses $250
    Total noninterest expense $14,411
    Salaries and employee benefits $8,406
    Premises and equipment expense $1,894
    Additional noninterest expense $4,111
    Applicable income taxes $1,813
    Net charge-offs $432
    Cash dividends $1,000

    The Port Washington State Bank's interest expense for loans was $2,970,000.
    The Port Washington State Bank's payroll and benefits expense were $8,406,000.
    The Port Washington State Bank's property, plant and equipment expenses $1,894,000.

    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 0.0%
    Personal loans 0.0%
    Credit card loans 3.8%
    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 $544,779
    Deposits held in domestic offices $544,779
    Deposits by Individuals, partnerships, and corporations $440,480
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $104,299
    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 $156,236
    Demand deposits $109,476
    Nontransaction accounts $388,543
    Money market deposit accounts (MMDAs) $231,012
    Other savings deposits (excluding MMDAs) $50,868
    Total time deposits $106,664
    Total time and savings deposits $435,303
    Noninterest-bearing deposits $109,580
    Interest-bearing deposits $435,199
    Retail deposits $528,880
    IRAs and Keogh plan accounts $30,371
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $602,047
    Cash & Balances due from depository institutions $38,622
    Interest-bearing balances $20,363
    Total securities $113,403
    Federal funds sold & reverse repurchase $22,902
    Net loans and leases $399,358
    Loan and leases loss allowance $3,724
    Trading account assets $0
    Bank premises and fixed assets $8,861
    Other real estate owned $207
    Goodwill and other intangibles $3,170
    All other assets $15,524

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $602,047
    Total Liabilities $550,603
    Total deposits $544,779
    Interest-bearing deposits $435,199
    Deposits held in domestic offices $544,779
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $5,824

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $399,358
    Loan and leases loss allowance $3,724
    Total loans and leases (domestic) $403,082
    All real estate loans $325,517
    Real estate loans in domestic offices $325,517
    Construction and development loans $19,025
    Residential 1-4 family construction $6,390
    Other construction, all land development and other land $12,635
    Loans secured by nonfarm nonresidential properties $134,986
    Nonfarm nonresidential secured by owner-occupied properties $77,283
    Commercial real estate & other non-farm, non-residential $57,703
    Multifamily residential real estate $40,465
    1-4 family residential loans $130,888
    Farmland loans $153
    Loans held in foreign offices $0
    Farm loans $3,917
    Commercial and industrial loans $44,542
    To non-U.S. addressees $0
    Loans to individuals $17,583
    Credit card loans $1,896
    Related Plans $69
    Consumer Auto Loans $11,037
    Other loans to individuals $4,581
    All other loans & leases $11,523
    Loans to foreign governments and official institutions $0
    Other loans $2,542
    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 $2,348
    Non 1-4 family restructured loans & leases $2,213
    Total loans and leases (foreign) $0

    The Port Washington State Bank had $399,358,000 of loans outstanding in 2018. $325,517,000 of loans were in real estate loans. $19,025,000 of loans were in development loans. $40,465,000 of loans were in multifamily mortgage loans. $130,888,000 of loans were in 1-4 family mortgage loans. $3,917,000 of loans were in farm loans. $1,896,000 of loans were in credit card loans. $11,037,000 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 318 $61,283 $192,714
    Nonfarm, nonresidential loans - <$100k 114 $5,377 $47,167
    Nonfarm, nonresidential loans - $100-250k 107 $14,657 $136,981
    Nonfarm, nonresidential loans - $250k-1MM 97 $41,249 $425,247
    Commercial & Industrial, US addressed loans - <$1MM 487 $38,227 $78,495
    Commercial & Industrial, US addressed loans - <$100k 373 $11,272 $30,220
    Commercial & Industrial, US addressed loans - $100-250k 66 $8,100 $122,727
    Commercial & Industrial, US addressed loans - $250k-1MM 48 $18,855 $392,813
    Farmland loans - <$1MM 2 $153 $76,500
    Farmland loans - <$100k 1 $5 $5,000
    Farmland loans - $100-250k 1 $148 $148,000
    Agriculture operations loans - <$1MM 9 $482 $53,556
    Agriculture operations loans - <$100k 7 $385 $55,000
    Agriculture operations loans - $100-250k 1 $86 $86,000
    Agriculture operations loans - $250k-1MM 1 $11 $11,000