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, Cash Out Refi, and Home Purchase 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 18 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 an above 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.

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    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

    883

    Origination Dollar Volume (All Markets)

    $192,985,000

    Employee count

    119

    Awards

    The Port Washington State Bank 30 Year Conventional Loans silver
    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) 736 $165,490,000 $224,851 $2,089 3.05%
    SHEBOYGAN, WI (FHA|USDA|VA) 81 $14,335,000 $176,975 $2,154 3.33%
    Outside of Metro Areas 24 $4,430,000 $184,583 $2,037 2.78%
    FOND DU LAC, WI (FHA|USDA|VA) 9 $1,415,000 $157,222 $2,851 3.10%
    GREEN BAY, WI (FHA|USDA|VA) 4 $1,340,000 $335,000 $2,279 2.81%
    Beaver Dam, WI (FHA|USDA|VA) 6 $1,300,000 $216,667 $1,809 3.21%
    MADISON, WI (FHA|USDA|VA) 4 $850,000 $212,500 $2,062 2.97%
    APPLETON, WI (FHA|USDA|VA) 3 $545,000 $181,667 $2,110 3.08%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $515,000 $515,000 $7,382 3.25%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $460,000 $230,000 $2,475 2.81%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $385,000 $385,000 $6,927 3.00%
    Bozeman, MT (FHA|USDA|VA) 1 $355,000 $355,000 $0 3.50%
    RACINE, WI (FHA|USDA|VA) 2 $320,000 $160,000 $1,524 3.13%
    Manitowoc, WI (FHA|USDA|VA) 3 $295,000 $98,333 $2,108 3.83%
    Marinette, WI-MI (FHA|USDA|VA) 2 $290,000 $145,000 $2,122 3.00%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $275,000 $275,000 $1,649 2.63%
    Whitewater, WI (FHA|USDA|VA) 1 $245,000 $245,000 $0 4.00%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 2 $140,000 $70,000 $1,687 2.56%
    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)
  • Florida (FHA|USDA|VA)
  • Montana (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.

    UNITEDONE Credit Union
    Similarity Rank: 396
    The Greenwood's State Bank
    Similarity Rank: 500
    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
    PyraMax Bank, FSB
    Similarity Rank: 1170
    State Bank of Cross Plains
    Similarity Rank: 1200
    PRIME FINANCIAL CREDIT UNION
    Similarity Rank: 1211

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 883 $192,985,000 $218,556 $2,111 3.07%

    For 2021, The Port Washington State Bank's most frequently originated type of loan was Conventional, with 883 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 361 $81,235,000 $225,028 $1,610 2.98%
    Cash Out Refi 255 $53,145,000 $208,412 $2,378 2.89%
    Home Purchase 243 $57,735,000 $237,593 $2,770 3.26%
    Home Improvement 14 $510,000 $36,429 $382 4.57%
    Other 10 $360,000 $36,000 $403 4.50%

    For 2021, The Port Washington State Bank's most frequently cited loan purpose was Refi, with 361 originations. The 2nd most popular reason was Cash Out Refi, with 255 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 426 $99,230,000 $232,934 $2,544 3.23%
    15 Year 234 $42,510,000 $181,667 $1,622 2.68%
    20 Year 72 $14,170,000 $196,806 $2,164 2.91%
    5 Year 66 $18,980,000 $287,576 $369 3.85%
    10 Year 64 $14,260,000 $222,813 $1,586 2.65%
    Other 19 $3,305,000 $173,947 $1,615 3.66%
    3 Year 1 $185,000 $185,000 $0 4.00%
    30+ year 1 $345,000 $345,000 $0 4.25%

    For 2021, The Port Washington State Bank's most frequently cited loan duration was 30 Year, with 426 originations. The 2nd most popular length was 15 Year, with 234 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 475 $90,695,000 $190,937
    $1k-2k 178 $37,610,000 $211,292
    $2k-3k 63 $15,735,000 $249,762
    $3k-4k 26 $6,670,000 $256,538
    $4k-5k 13 $4,475,000 $344,231
    $5k+ 13 $4,685,000 $360,385

    The Port Washington State Bank's average total fees were $2,544, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 475 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 369 $88,745,000 $240,501
    2.5-3% 287 $63,795,000 $222,282
    <2.5% 180 $33,340,000 $185,222
    4-5% 37 $6,565,000 $177,432
    5-6% 10 $540,000 $54,000

    During 2021, The Port Washington State Bank's average interest rate for loans was 3.23%, while their most frequently originated rate bucket for loans was 3-4%, with 369 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 371 $56,415,000 $152,062 $1,924 2.97%
    $200k-400k 306 $84,010,000 $274,542 $2,471 3.07%
    $100,000 or less 137 $9,155,000 $66,825 $1,225 3.36%
    $400k-600k 59 $27,635,000 $468,390 $3,406 3.02%
    $600k-1MM 6 $4,790,000 $798,333 $2,054 3.04%
    $1MM+ 4 $10,980,000 $2,745,000 $2,690 3.73%

    2021 saw The Port Washington State Bank place emphasis on $100k-200k loans with 371 originations, totaling $56,415,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 214 $46,410,000 $216,869 $2,156 3.03%
    $50k-75k 157 $24,905,000 $158,631 $2,103 3.01%
    $75k-100k 148 $27,870,000 $188,311 $2,131 3.03%
    $150k-250k 128 $34,200,000 $267,188 $2,438 2.99%
    $50k or less 103 $12,955,000 $125,777 $1,741 3.18%
    $250k+ 50 $17,790,000 $355,800 $2,171 2.90%

    The Port Washington State Bank lent most frequently to those with incomes in the $100k-150k range, with 214 originations. The second most popular income band? $50k-75k, with 157 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 242 $46,700,000 $192,975 $2,117 2.96%
    30-36% 131 $26,055,000 $198,893 $1,972 3.09%
    <20% 130 $26,150,000 $201,154 $1,965 2.85%
    41% 31 $5,445,000 $175,645 $2,036 3.02%
    37% 31 $5,575,000 $179,839 $2,309 3.19%
    43% 26 $5,230,000 $201,154 $1,846 3.25%
    40% 26 $5,620,000 $216,154 $1,945 2.73%
    38% 25 $5,745,000 $229,800 $2,645 3.01%
    42% 24 $5,640,000 $235,000 $2,886 3.20%
    47% 21 $5,545,000 $264,048 $2,662 3.04%
    36% 21 $4,835,000 $230,238 $2,829 3.03%
    45% 17 $3,555,000 $209,118 $1,843 3.28%
    49% 16 $4,110,000 $256,875 $2,141 2.98%
    50-60% 16 $4,020,000 $251,250 $1,726 3.41%
    44% 16 $3,960,000 $247,500 $2,267 3.24%
    48% 16 $3,910,000 $244,375 $1,982 2.98%
    39% 15 $3,145,000 $209,667 $2,130 3.36%
    46% 14 $2,370,000 $169,286 $1,764 2.80%
    >60% 7 $1,615,000 $230,714 $2,015 3.25%

    The Port Washington State Bank lent most frequently to those with DTI ratios of 20-30%, with 242 originations. The next most common DTI ratio? 30-36%, with 131 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 759 $155,335,000 $204,657 $2,098 3.03%
    Not applicable 54 $22,870,000 $423,519 $0 3.82%
    Not provided 55 $11,895,000 $216,273 $2,323 2.98%
    Asian 8 $1,650,000 $206,250 $1,590 2.64%
    American Indian 3 $595,000 $198,333 $2,772 3.00%
    Black 2 $390,000 $195,000 $2,126 3.81%
    Korean 1 $135,000 $135,000 $2,325 2.75%
    Native Hawaiian or Islander 1 $115,000 $115,000 $3,428 2.25%

    Approval Rates

    Total approvals of all applications
    94.07%

    The Port Washington State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.30%

    The Port Washington State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 883 $192,985,000 $218,556

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    883 $192,985,000 $218,556

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 95 $14,465,000 $152,263 $1,467 2.91%
    40-60% 202 $45,100,000 $223,267 $1,726 2.83%
    60-80% 367 $84,535,000 $230,341 $2,465 3.05%
    80-100% 171 $46,055,000 $269,327 $2,692 3.31%
    Under 20% 48 $2,830,000 $58,958 $691 3.75%

    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 $36,572
    The Port Washington State Bank 197 South Main Street Thiensville, WI 53092 Full Service Retail $45,419
    The Port Washington State Bank 201 Regal Drive Fredonia, WI 53021 Full Service B&M $87,261
    The Port Washington State Bank 206 North Franklin Street Port Washington, WI 53074 Full Service B&M $249,004
    The Port Washington State Bank 2080 Washington Street Grafton, WI 53024 Full Service B&M $96,928
    The Port Washington State Bank 545 Main Street Belgium, WI 53004 Full Service B&M $51,532
    The Port Washington State Bank 601 East Green Bay Avenue Saukville, WI 53080 Full Service B&M $89,025
    The Port Washington State Bank W61 N526 Washington Avenue Cedarburg, WI 53012 Full Service B&M $127,696

    For 2021, The Port Washington State Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $22,226
    Net interest income $20,444
    Total noninterest income $7,907
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $522
    Trading account gains and fees $0
    Additional Noninterest Income $7,385
    Pre-tax net operating income $8,173
    Securities gains (or losses, -) $43
    Income before extraordinary items $6,194
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,194
    Minority interest net income $0
    Net income $6,194
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,160

    The Port Washington State Bank's gross interest income from loans was $22,226,000.
    The Port Washington State Bank's net interest income from loans was $20,444,000.
    The Port Washington State Bank's fee based income from loans was $522,000.
    The Port Washington State Bank's net income from loans was $6,194,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,782
    Provision for credit losses $1,201
    Total noninterest expense $18,977
    Salaries and employee benefits $10,989
    Premises and equipment expense $2,317
    Additional noninterest expense $5,671
    Applicable income taxes $2,022
    Net charge-offs $158
    Cash dividends $1,900

    The Port Washington State Bank's interest expense for loans was $1,782,000.
    The Port Washington State Bank's payroll and benefits expense were $10,989,000.
    The Port Washington State Bank's property, plant and equipment expenses $2,317,000.

    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 0.2%
    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 $876,059
    Deposits held in domestic offices $876,059
    Deposits by Individuals, partnerships, and corporations $711,206
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $164,853
    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 $296,467
    Demand deposits $193,205
    Nontransaction accounts $579,592
    Money market deposit accounts (MMDAs) $341,623
    Other savings deposits (excluding MMDAs) $88,443
    Total time deposits $149,525
    Total time and savings deposits $682,854
    Noninterest-bearing deposits $193,915
    Interest-bearing deposits $682,144
    Retail deposits $837,295
    IRAs and Keogh plan accounts $33,554
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $957,618
    Cash & Balances due from depository institutions $87,348
    Interest-bearing balances $77,978
    Total securities $347,995
    Federal funds sold & reverse repurchase $6,157
    Net loans and leases $479,314
    Loan and leases loss allowance $5,337
    Trading account assets $0
    Bank premises and fixed assets $13,019
    Other real estate owned $0
    Goodwill and other intangibles $2,379
    All other assets $21,406

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $957,618
    Total Liabilities $884,209
    Total deposits $876,059
    Interest-bearing deposits $682,144
    Deposits held in domestic offices $876,059
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $8,150

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $479,314
    Loan and leases loss allowance $5,337
    Total loans and leases (domestic) $484,651
    All real estate loans $387,152
    Real estate loans in domestic offices $387,152
    Construction and development loans $39,227
    Residential 1-4 family construction $12,953
    Other construction, all land development and other land $26,274
    Loans secured by nonfarm nonresidential properties $173,202
    Nonfarm nonresidential secured by owner-occupied properties $111,867
    Commercial real estate & other non-farm, non-residential $61,335
    Multifamily residential real estate $45,029
    1-4 family residential loans $129,617
    Farmland loans $77
    Loans held in foreign offices $0
    Farm loans $117
    Commercial and industrial loans $67,446
    To non-U.S. addressees $0
    Loans to individuals $19,742
    Credit card loans $1,859
    Related Plans $37
    Consumer Auto Loans $13,899
    Other loans to individuals $3,947
    All other loans & leases $10,194
    Loans to foreign governments and official institutions $0
    Other loans $1,774
    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 $419
    Non 1-4 family restructured loans & leases $419
    Total loans and leases (foreign) $0

    The Port Washington State Bank had $479,314,000 of loans outstanding in 2021. $387,152,000 of loans were in real estate loans. $39,227,000 of loans were in development loans. $45,029,000 of loans were in multifamily mortgage loans. $129,617,000 of loans were in 1-4 family mortgage loans. $117,000 of loans were in farm loans. $1,859,000 of loans were in credit card loans. $13,899,000 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 325 $62,338 $191,809
    Nonfarm, nonresidential loans - <$100k 108 $4,880 $45,185
    Nonfarm, nonresidential loans - $100-250k 113 $15,864 $140,389
    Nonfarm, nonresidential loans - $250k-1MM 104 $41,594 $399,942
    Commercial & Industrial, US addressed loans - <$1MM 395 $31,098 $78,729
    Commercial & Industrial, US addressed loans - <$100k 281 $8,138 $28,961
    Commercial & Industrial, US addressed loans - $100-250k 69 $7,994 $115,855
    Commercial & Industrial, US addressed loans - $250k-1MM 45 $14,966 $332,578
    Farmland loans - <$1MM 1 $77 $77,000
    Farmland loans - <$100k 1 $77 $77,000
    Agriculture operations loans - <$1MM 3 $117 $39,000
    Agriculture operations loans - <$100k 3 $117 $39,000