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 Refi, Home Purchase, and Cash Out Refi loans. The Port Washington State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Sheboygan, Fond Du Lac, Green Bay, and Beaver Dam among others. We have data for 10 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% 11/21/24
    30 Year Conventional Refi 6.66% 11/21/24
    30 Year Cash-out Refi 6.59% 11/21/24
    15 Year Conventional Purchase 6.09% 11/21/24
    15 Year Conventional Refi 6.26% 11/21/24
    15 Year Cash-out Refi 6.26% 11/21/24
    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.

    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

    600

    Origination Dollar Volume (All Markets)

    $110,780,000

    Employee count

    112

    Awards

    The Port Washington State Bank 30 Year Conventional Loans silver The Port Washington State Bank 30 Year Conventional Loans gold
    Show all (2) 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) 524 $97,120,000 $185,344 $2,289 4.19%
    SHEBOYGAN, WI (FHA|USDA|VA) 47 $7,715,000 $164,149 $1,810 4.20%
    Outside of Metro Areas 13 $2,785,000 $214,231 $2,819 4.02%
    FOND DU LAC, WI (FHA|USDA|VA) 7 $1,365,000 $195,000 $1,028 4.89%
    GREEN BAY, WI (FHA|USDA|VA) 3 $765,000 $255,000 $3,525 3.71%
    Beaver Dam, WI (FHA|USDA|VA) 1 $345,000 $345,000 $1,441 3.63%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 2 $270,000 $135,000 $2,317 4.00%
    Manitowoc, WI (FHA|USDA|VA) 1 $225,000 $225,000 $2,163 3.13%
    Shawano, WI (FHA|USDA|VA) 1 $145,000 $145,000 $1,959 3.13%
    Marinette, WI-MI (FHA|USDA|VA) 1 $45,000 $45,000 $1,912 4.00%
    The Port Washington State Bank's top markets include Milwaukee, Sheboygan, Fond Du Lac, Green Bay, and Beaver Dam 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.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 600 $110,780,000 $184,633 $2,256 4.19%

    For 2019, The Port Washington State Bank's most frequently originated type of loan was Conventional, with 600 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 216 $40,300,000 $186,574 $1,457 4.14%
    Home Purchase 201 $43,705,000 $217,438 $2,617 4.14%
    Cash Out Refi 122 $23,790,000 $195,000 $3,844 3.87%
    Other 46 $2,600,000 $56,522 $427 5.10%
    Home Improvement 15 $385,000 $25,667 $375 5.36%

    For 2019, The Port Washington State Bank's most frequently cited loan purpose was Refi, with 216 originations. The 2nd most popular reason was Home Purchase, with 201 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 286 $60,910,000 $212,972 $2,498 4.11%
    15 Year 148 $22,240,000 $150,270 $1,426 3.84%
    5 Year 62 $9,750,000 $157,258 $352 5.37%
    20 Year 39 $7,665,000 $196,538 $6,527 3.68%
    10 Year 28 $3,750,000 $133,929 $1,491 3.86%
    Other 27 $4,505,000 $166,852 $1,121 5.00%
    3 Year 6 $1,160,000 $193,333 $310 4.83%
    1 Year 4 $800,000 $200,000 $0 5.63%

    For 2019, The Port Washington State Bank's most frequently cited loan duration was 30 Year, with 286 originations. The 2nd most popular length was 15 Year, with 148 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 360 $54,670,000 $151,861
    $1k-2k 114 $23,940,000 $210,000
    $2k-3k 45 $9,985,000 $221,889
    $3k-4k 20 $4,990,000 $249,500
    $4k-5k 8 $1,910,000 $238,750
    $5k+ 8 $2,030,000 $253,750

    The Port Washington State Bank's average total fees were $2,498, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 360 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 291 $63,215,000 $217,234
    4-5% 176 $26,290,000 $149,375
    5-6% 93 $13,895,000 $149,409
    2.5-3% 36 $6,580,000 $182,778
    6-7% 4 $800,000 $200,000

    During 2019, The Port Washington State Bank's average interest rate for loans was 4.11%, while their most frequently originated rate bucket for loans was 3-4%, with 291 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 240 $36,180,000 $150,750 $2,909 4.02%
    $200k-400k 176 $47,350,000 $269,034 $2,598 3.95%
    $100,000 or less 149 $7,795,000 $52,315 $888 4.75%
    $400k-600k 32 $14,490,000 $452,813 $2,380 4.10%
    $1MM+ 2 $4,350,000 $2,175,000 $0 4.56%
    $600k-1MM 1 $615,000 $615,000 $1,952 5.25%

    2019 saw The Port Washington State Bank place emphasis on $100k-200k loans with 240 originations, totaling $36,180,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 133 $20,365,000 $153,120 $2,015 4.13%
    $100k-150k 128 $24,360,000 $190,313 $2,033 4.14%
    $75k-100k 96 $14,140,000 $147,292 $3,692 4.20%
    $150k-250k 75 $18,075,000 $241,000 $2,057 3.97%
    $50k or less 75 $7,785,000 $103,800 $1,780 4.27%
    $250k+ 30 $9,880,000 $329,333 $1,993 4.13%

    The Port Washington State Bank lent most frequently to those with incomes in the $50k-75k range, with 133 originations. The second most popular income band? $100k-150k, with 128 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 153 $28,095,000 $183,627 $2,069 3.91%
    30-36% 99 $17,535,000 $177,121 $2,289 4.20%
    <20% 63 $10,895,000 $172,937 $1,979 3.73%
    37% 22 $3,660,000 $166,364 $1,718 4.09%
    50-60% 21 $3,105,000 $147,857 $1,188 5.00%
    43% 19 $4,265,000 $224,474 $2,120 4.01%
    44% 19 $3,995,000 $210,263 $10,557 3.87%
    40% 17 $2,935,000 $172,647 $1,887 4.15%
    41% 17 $2,785,000 $163,824 $1,818 4.22%
    42% 16 $2,470,000 $154,375 $1,904 4.26%
    36% 16 $2,090,000 $130,625 $1,480 4.55%
    45% 14 $1,780,000 $127,143 $1,581 4.48%
    46% 14 $2,120,000 $151,429 $1,873 4.09%
    47% 13 $2,455,000 $188,846 $1,934 4.22%
    49% 12 $2,060,000 $171,667 $2,014 3.68%
    48% 11 $2,115,000 $192,273 $1,430 4.38%
    >60% 10 $1,980,000 $198,000 $1,615 5.13%
    38% 10 $1,790,000 $179,000 $1,977 4.99%
    39% 9 $1,395,000 $155,000 $1,579 4.15%

    The Port Washington State Bank lent most frequently to those with DTI ratios of 20-30%, with 153 originations. The next most common DTI ratio? 30-36%, with 99 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 522 $91,530,000 $175,345 $2,248 4.13%
    Not applicable 36 $10,970,000 $304,722 $0 5.12%
    Not provided 37 $7,345,000 $198,514 $2,414 4.14%
    Asian 3 $505,000 $168,333 $1,339 4.63%
    Other Asian 1 $285,000 $285,000 $1,559 3.63%
    Vietnamese 1 $145,000 $145,000 $4,228 3.75%

    Approval Rates

    Total approvals of all applications
    95.67%

    The Port Washington State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    87.33%

    The Port Washington State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 600 $110,780,000 $184,633

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 12 $7,480,000 $623,333
    Single Family (1-4 Units):Site-Built 588 $103,300,000 $175,680

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 84 $9,540,000 $113,571 $1,062 4.33%
    40-60% 87 $17,235,000 $198,103 $3,804 3.68%
    60-80% 210 $46,400,000 $220,952 $2,611 3.97%
    80-100% 138 $32,830,000 $237,899 $2,507 4.26%
    Over 100% 3 $595,000 $198,333 $1,987 5.75%
    Under 20% 78 $4,180,000 $53,590 $456 5.01%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Port Washington State Bank 10509 N. Port Washington Rd. Mequon, WI 53092 Full Service B&M $4,121
    The Port Washington State Bank 197 South Main Street Thiensville, WI 53092 Full Service Retail $17,208
    The Port Washington State Bank 201 Regal Drive Fredonia, WI 53021 Full Service B&M $63,348
    The Port Washington State Bank 206 North Franklin Street Port Washington, WI 53074 Full Service B&M $191,090
    The Port Washington State Bank 2080 Washington Street Grafton, WI 53024 Full Service B&M $67,111
    The Port Washington State Bank 545 Main Street Belgium, WI 53004 Full Service B&M $36,941
    The Port Washington State Bank 601 East Green Bay Avenue Saukville, WI 53080 Full Service B&M $57,127
    The Port Washington State Bank W61 N526 Washington Avenue Cedarburg, WI 53012 Full Service B&M $92,703

    For 2019, The Port Washington State Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $23,845
    Net interest income $19,072
    Total noninterest income $3,976
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $690
    Trading account gains and fees $0
    Additional Noninterest Income $3,286
    Pre-tax net operating income $7,424
    Securities gains (or losses, -) $119
    Income before extraordinary items $5,718
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,718
    Minority interest net income $0
    Net income $5,718
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,623

    The Port Washington State Bank's gross interest income from loans was $23,845,000.
    The Port Washington State Bank's net interest income from loans was $19,072,000.
    The Port Washington State Bank's fee based income from loans was $690,000.
    The Port Washington State Bank's net income from loans was $5,718,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,773
    Provision for credit losses $0
    Total noninterest expense $15,624
    Salaries and employee benefits $8,992
    Premises and equipment expense $2,203
    Additional noninterest expense $4,429
    Applicable income taxes $1,825
    Net charge-offs $200
    Cash dividends $1,200

    The Port Washington State Bank's interest expense for loans was $4,773,000.
    The Port Washington State Bank's payroll and benefits expense were $8,992,000.
    The Port Washington State Bank's property, plant and equipment expenses $2,203,000.

    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 1.3%
    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 $572,728
    Deposits held in domestic offices $572,728
    Deposits by Individuals, partnerships, and corporations $459,576
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $113,152
    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 $159,391
    Demand deposits $113,023
    Nontransaction accounts $413,337
    Money market deposit accounts (MMDAs) $238,730
    Other savings deposits (excluding MMDAs) $53,178
    Total time deposits $121,430
    Total time and savings deposits $459,705
    Noninterest-bearing deposits $113,481
    Interest-bearing deposits $459,247
    Retail deposits $549,479
    IRAs and Keogh plan accounts $31,619
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $637,425
    Cash & Balances due from depository institutions $46,957
    Interest-bearing balances $34,421
    Total securities $127,394
    Federal funds sold & reverse repurchase $16,953
    Net loans and leases $418,933
    Loan and leases loss allowance $3,524
    Trading account assets $0
    Bank premises and fixed assets $8,846
    Other real estate owned $204
    Goodwill and other intangibles $3,205
    All other assets $14,933

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $637,425
    Total Liabilities $579,119
    Total deposits $572,728
    Interest-bearing deposits $459,247
    Deposits held in domestic offices $572,728
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $6,391

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $418,933
    Loan and leases loss allowance $3,524
    Total loans and leases (domestic) $422,457
    All real estate loans $350,017
    Real estate loans in domestic offices $350,017
    Construction and development loans $34,082
    Residential 1-4 family construction $7,628
    Other construction, all land development and other land $26,454
    Loans secured by nonfarm nonresidential properties $143,304
    Nonfarm nonresidential secured by owner-occupied properties $81,446
    Commercial real estate & other non-farm, non-residential $61,858
    Multifamily residential real estate $42,918
    1-4 family residential loans $129,572
    Farmland loans $141
    Loans held in foreign offices $0
    Farm loans $160
    Commercial and industrial loans $44,769
    To non-U.S. addressees $0
    Loans to individuals $18,116
    Credit card loans $1,931
    Related Plans $62
    Consumer Auto Loans $11,573
    Other loans to individuals $4,550
    All other loans & leases $9,395
    Loans to foreign governments and official institutions $0
    Other loans $1,887
    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 $2,316
    Non 1-4 family restructured loans & leases $2,316
    Total loans and leases (foreign) $0

    The Port Washington State Bank had $418,933,000 of loans outstanding in 2019. $350,017,000 of loans were in real estate loans. $34,082,000 of loans were in development loans. $42,918,000 of loans were in multifamily mortgage loans. $129,572,000 of loans were in 1-4 family mortgage loans. $160,000 of loans were in farm loans. $1,931,000 of loans were in credit card loans. $11,573,000 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 341 $63,135 $185,147
    Nonfarm, nonresidential loans - <$100k 123 $5,365 $43,618
    Nonfarm, nonresidential loans - $100-250k 114 $15,729 $137,974
    Nonfarm, nonresidential loans - $250k-1MM 104 $42,041 $404,240
    Commercial & Industrial, US addressed loans - <$1MM 523 $39,694 $75,897
    Commercial & Industrial, US addressed loans - <$100k 402 $12,596 $31,333
    Commercial & Industrial, US addressed loans - $100-250k 72 $8,796 $122,167
    Commercial & Industrial, US addressed loans - $250k-1MM 49 $18,302 $373,510
    Farmland loans - <$1MM 2 $141 $70,500
    Farmland loans - <$100k 2 $141 $70,500
    Agriculture operations loans - <$1MM 3 $160 $53,333
    Agriculture operations loans - <$100k 3 $160 $53,333