Bank First N.a. Mortgage Rates, Fees & Info

Manitowoc, WI

LEI: 549300BRLQAIJ1LJA253

Tax ID: 39-0447799

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Mortgage Data

Bank Data

Review & Overview

Bank First N.a. is a smaller bank specializing in Refi and Home Purchase loans. Bank First N.a. has a high proportion of conventional loans. Their top markets by origination volume include: Sheboygan, Manitowoc, Milwaukee, Green Bay, and Oshkosh among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bank First N.a. 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. Bank First N.a. 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
Home Equity Line of Credit (HELOC) 6.27% 4/28/24
30 Year Conventional Purchase 6.77% 4/28/24
30 Year Conventional Refi 6.84% 4/28/24
30 Year Cash-out Refi 6.72% 4/28/24
30 Year VA Purchase 6.74% 4/28/24
30 Year VA Refi 6.27% 4/28/24
30 Year USDA Purchase 7.20% 4/28/24
15 Year Conventional Purchase 5.92% 4/28/24
15 Year Conventional Refi 6.03% 4/28/24
15 Year Cash-out Refi 6.03% 4/28/24
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.

Bank First N.a. Mortgage Calculator






Your Estimates

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

This is not an official calculator from Bank First N.a.. 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

810

Origination Dollar Volume (All Markets)

$149,920,000

Employee count

253 Show all (5) 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
Outside of Metro Areas 202 $31,020,000 $153,564 $861 4.84%
SHEBOYGAN, WI (FHA|USDA|VA) 161 $30,275,000 $188,043 $1,884 4.85%
Manitowoc, WI (FHA|USDA|VA) 227 $26,495,000 $116,718 $1,471 4.48%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 17 $21,035,000 $1,237,353 $2,206 4.53%
GREEN BAY, WI (FHA|USDA|VA) 84 $18,490,000 $220,119 $1,934 4.76%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 34 $6,930,000 $203,824 $1,680 4.74%
APPLETON, WI (FHA|USDA|VA) 37 $6,465,000 $174,730 $1,648 4.68%
Shawano, WI (FHA|USDA|VA) 7 $1,495,000 $213,571 $1,093 4.74%
Stevens Point, WI (FHA|USDA|VA) 11 $1,225,000 $111,364 $743 4.85%
FOND DU LAC, WI (FHA|USDA|VA) 5 $1,065,000 $213,000 $1,381 5.07%
Marinette, WI-MI (FHA|USDA|VA) 5 $685,000 $137,000 $785 4.77%
Iron Mountain, MI-WI (FHA|USDA|VA) 1 $675,000 $675,000 $1,465 5.25%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $555,000 $555,000 $1,715 4.30%
MADISON, WI (FHA|USDA|VA) 3 $505,000 $168,333 $1,663 4.85%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $425,000 $425,000 $4,459 4.63%
Whitewater, WI (FHA|USDA|VA) 1 $405,000 $405,000 $1,067 3.25%
Marquette, MI (FHA|USDA|VA) 1 $395,000 $395,000 $2,298 4.95%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $325,000 $325,000 $1,814 3.70%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 2 $210,000 $105,000 $0 6.13%
RACINE, WI (FHA|USDA|VA) 1 $195,000 $195,000 $1,738 4.75%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $185,000 $185,000 $0 5.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $175,000 $175,000 $2,999 4.25%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $145,000 $145,000 $6,875 4.13%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $135,000 $135,000 $1,348 3.88%
TUCSON, AZ (FHA|USDA|VA) 1 $115,000 $115,000 $2,153 4.63%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $115,000 $115,000 $1,849 3.75%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $105,000 $105,000 $2,510 4.25%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $75,000 $75,000 $1,273 3.88%
Bank First N.a.'s top markets include Sheboygan, Manitowoc, Milwaukee, Green Bay, and Oshkosh among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • California (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 810 $149,920,000 $185,086 $1,475 4.71%

    For 2018, Bank First N.a.'s most frequently originated type of loan was Conventional, with 810 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 386 $66,230,000 $171,580 $864 4.68%
    Home Purchase 326 $72,130,000 $221,258 $2,359 4.81%
    Other 47 $5,965,000 $126,915 $900 4.40%
    Home Improvement 39 $3,415,000 $87,564 $636 4.63%
    Cash Out Refi 12 $2,180,000 $181,667 $3,177 4.34%

    For 2018, Bank First N.a.'s most frequently cited loan purpose was Refi, with 386 originations. The 2nd most popular reason was Home Purchase, with 326 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 327 $68,355,000 $209,037 $2,118 4.55%
    15 Year 143 $37,215,000 $260,245 $1,106 4.49%
    20 Year 128 $15,670,000 $122,422 $1,229 4.87%
    Other 85 $9,635,000 $113,353 $582 4.53%
    10 Year 56 $3,990,000 $71,250 $578 4.46%
    5 Year 50 $11,890,000 $237,800 $392 6.22%
    3 Year 18 $2,920,000 $162,222 $411 5.54%
    1 Year 3 $245,000 $81,667 $0 5.68%

    For 2018, Bank First N.a.'s most frequently cited loan duration was 30 Year, with 327 originations. The 2nd most popular length was 15 Year, with 143 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 590 $81,910,000 $138,831
    $1k-2k 101 $21,355,000 $211,436
    $2k-3k 22 $4,520,000 $205,455
    $3k-4k 8 $1,860,000 $232,500
    $4k-5k 5 $1,085,000 $217,000
    $5k+ 2 $650,000 $325,000

    Bank First N.a.'s average total fees were $2,118, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 590 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 499 $83,665,000 $167,665
    3-4% 144 $43,830,000 $304,375
    5-6% 140 $19,960,000 $142,571
    6-7% 24 $2,270,000 $94,583
    Over 8% 2 $130,000 $65,000
    7-8% 1 $65,000 $65,000

    During 2018, Bank First N.a.'s average interest rate for loans was 4.55%, while their most frequently originated rate bucket for loans was 4-5%, with 499 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 360 $19,940,000 $55,389 $890 4.89%
    $100k-200k 263 $37,795,000 $143,707 $1,826 4.62%
    $200k-400k 132 $35,710,000 $270,530 $2,038 4.49%
    $400k-600k 34 $15,130,000 $445,000 $2,673 4.43%
    $1MM+ 12 $34,900,000 $2,908,333 $1,996 4.46%
    $600k-1MM 9 $6,445,000 $716,111 $1,406 4.87%

    2018 saw Bank First N.a. place emphasis on $100,000 or less loans with 360 originations, totaling $19,940,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 207 $15,705,000 $75,870 $1,154 4.78%
    $50k-75k 179 $19,245,000 $107,514 $1,356 4.62%
    $100k-150k 133 $22,335,000 $167,932 $1,820 4.51%
    $75k-100k 123 $17,145,000 $139,390 $1,423 4.62%
    $250k+ 63 $26,325,000 $417,857 $1,943 4.25%
    $150k-250k 52 $13,380,000 $257,308 $1,919 4.46%

    Bank First N.a. lent most frequently to those with incomes in the $50k or less range, with 207 originations. The second most popular income band? $50k-75k, with 179 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 199 $28,225,000 $141,834 $1,545 4.50%
    30-36% 140 $18,750,000 $133,929 $1,364 4.63%
    <20% 105 $19,455,000 $185,286 $1,519 4.49%
    >60% 40 $5,460,000 $136,500 $780 4.82%
    50-60% 38 $5,250,000 $138,158 $905 5.14%
    42% 26 $4,050,000 $155,769 $1,540 4.58%
    36% 24 $2,670,000 $111,250 $1,252 4.61%
    37% 23 $3,185,000 $138,478 $1,786 4.67%
    38% 23 $4,595,000 $199,783 $1,733 4.46%
    40% 23 $3,795,000 $165,000 $2,301 4.53%
    41% 20 $3,240,000 $162,000 $2,029 4.85%
    44% 18 $2,830,000 $157,222 $1,300 4.57%
    43% 17 $1,715,000 $100,882 $1,308 4.42%
    45% 16 $1,980,000 $123,750 $1,938 4.58%
    39% 14 $3,040,000 $217,143 $1,694 4.35%
    46% 12 $2,760,000 $230,000 $1,338 4.50%
    48% 10 $1,500,000 $150,000 $1,528 4.41%
    49% 7 $1,405,000 $200,714 $1,884 4.88%
    47% 7 $945,000 $135,000 $1,301 5.12%

    Bank First N.a. lent most frequently to those with DTI ratios of 20-30%, with 199 originations. The next most common DTI ratio? 30-36%, with 140 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 746 $112,880,000 $151,314 $1,479 4.60%
    Not applicable 48 $35,070,000 $730,625 $0 6.48%
    Black 3 $935,000 $311,667 $1,351 4.71%
    Not provided 7 $575,000 $82,143 $1,109 4.94%
    Asian 4 $360,000 $90,000 $1,868 4.38%
    American Indian 2 $100,000 $50,000 $545 4.19%

    Approval Rates

    Total approvals of all applications
    96.74%

    Bank First N.a. 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
    90.99%

    Bank First N.a. has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 810 $149,920,000 $185,086

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 17 $28,375,000 $1,669,118
    Single Family (1-4 Units):Manufactured 37 $2,035,000 $55,000
    Single Family (1-4 Units):Site-Built 756 $119,510,000 $158,082

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 74 $6,830,000 $92,297 $691 4.55%
    40-60% 126 $30,610,000 $242,937 $981 4.75%
    60-80% 250 $47,500,000 $190,000 $1,767 4.64%
    80-100% 281 $55,205,000 $196,459 $1,903 4.84%
    Over 100% 7 $1,555,000 $222,143 $838 5.05%
    Under 20% 72 $8,220,000 $114,167 $466 4.53%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 14.8%
    BANK OF THE WEST VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.7%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 3 11.1%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.7%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 5 18.5%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 3.7%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Incorrect information on your report 2 7.4%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Closing on a mortgage 1 3.7%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 4 14.8%
    BANK OF THE WEST FHA mortgage Closing on a mortgage 1 3.7%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 1 3.7%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 1 3.7%
    BANK OF THE WEST Conventional home mortgage Closing on a mortgage 2 7.4%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bank First National 101 City Center Oshkosh, WI 54901 Full Service B&M $69,262
    Bank First National 101 East Main Street Weyauwega, WI 54983 Full Service B&M $18,468
    Bank First National 110 Baugniet Street Mishicot, WI 54228 Full Service B&M $60,640
    Bank First National 111 Jefferson Street Waupaca, WI 54981 Full Service B&M $116,081
    Bank First National 135 South Main Street Clintonville, WI 54929 Full Service B&M $62,824
    Bank First National 148 North Main Street Iola, WI 54945 Full Service B&M $41,958
    Bank First National 167 Lincoln Street Valders, WI 54245 Full Service B&M $42,277
    Bank First National 1703 Lake Street Two Rivers, WI 54241 Full Service B&M $63,311
    Bank First National 2600 Kohler Memorial Drive Sheboygan, WI 53081 Full Service B&M $187,889
    Bank First National 2700 Eastern Ave. Plymouth, WI 53073 Full Service B&M $183,074
    Bank First National 2747 Manitowoc Road Bellevue, WI 54311 Full Service B&M $79,194
    Bank First National 2810 South Ridge Road Green Bay, WI 54304 Full Service B&M $65,305
    Bank First National 2915 Custer Street Manitowoc, WI 54220 Full Service B&M $90,917
    Bank First National 402 North Eighth Street Manitowoc, WI 54220 Full Service B&M $233,974
    Bank First National 4201 W Wisconsin Ave Appleton, WI 54913 Full Service B&M $40,387
    Bank First National 601 Fremont Street Kiel, WI 53042 Full Service B&M $68,359
    Bank First National 621 Second Street Chetek, WI 54728 Full Service B&M $35,618
    Bank First National 689 Woodland Plaza Seymour, WI 54165 Full Service B&M $36,269

    For 2018, Bank First N.a. had 18 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $77,944
    Net interest income $63,880
    Total noninterest income $11,206
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,401
    Trading account gains and fees $0
    Additional Noninterest Income $9,805
    Pre-tax net operating income $33,394
    Securities gains (or losses, -) $-30
    Income before extraordinary items $26,290
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $26,290
    Minority interest net income $0
    Net income $26,290
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $26,313

    Bank First N.a.'s gross interest income from loans was $77,944,000.
    Bank First N.a.'s net interest income from loans was $63,880,000.
    Bank First N.a.'s fee based income from loans was $1,401,000.
    Bank First N.a.'s net income from loans was $26,290,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $14,064
    Provision for credit losses $2,935
    Total noninterest expense $38,757
    Salaries and employee benefits $20,944
    Premises and equipment expense $4,984
    Additional noninterest expense $12,829
    Applicable income taxes $7,074
    Net charge-offs $2,299
    Cash dividends $22,275

    Bank First N.a.'s interest expense for loans was $14,064,000.
    Bank First N.a.'s payroll and benefits expense were $20,944,000.
    Bank First N.a.'s property, plant and equipment expenses $4,984,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 2.0%
    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 $1,557,233
    Deposits held in domestic offices $1,557,233
    Deposits by Individuals, partnerships, and corporations $1,445,112
    Deposits by U.S. Government $40
    Deposits by States and political subdivisions in the U.S. $111,589
    Deposits by Commercial banks and other depository institutions in U.S. $492
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $548,327
    Demand deposits $448,841
    Nontransaction accounts $1,008,906
    Money market deposit accounts (MMDAs) $406,527
    Other savings deposits (excluding MMDAs) $202,165
    Total time deposits $400,214
    Total time and savings deposits $1,108,392
    Noninterest-bearing deposits $448,841
    Interest-bearing deposits $1,108,392
    Retail deposits $1,480,548
    IRAs and Keogh plan accounts $61,558
    Brokered deposits $17,770
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,790,594
    Cash & Balances due from depository institutions $63,265
    Interest-bearing balances $21,830
    Total securities $159,674
    Federal funds sold & reverse repurchase $44,478
    Net loans and leases $1,416,246
    Loan and leases loss allowance $12,248
    Trading account assets $0
    Bank premises and fixed assets $24,489
    Other real estate owned $2,259
    Goodwill and other intangibles $20,321
    All other assets $59,862

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,790,594
    Total Liabilities $1,607,304
    Total deposits $1,557,233
    Interest-bearing deposits $1,108,392
    Deposits held in domestic offices $1,557,233
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $31,489
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $18,582

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,416,246
    Loan and leases loss allowance $12,248
    Total loans and leases (domestic) $1,428,494
    All real estate loans $1,097,840
    Real estate loans in domestic offices $1,097,840
    Construction and development loans $60,802
    Residential 1-4 family construction $20,744
    Other construction, all land development and other land $40,058
    Loans secured by nonfarm nonresidential properties $531,136
    Nonfarm nonresidential secured by owner-occupied properties $359,988
    Commercial real estate & other non-farm, non-residential $171,148
    Multifamily residential real estate $81,383
    1-4 family residential loans $368,689
    Farmland loans $55,830
    Loans held in foreign offices $0
    Farm loans $18,694
    Commercial and industrial loans $268,610
    To non-U.S. addressees $0
    Loans to individuals $26,955
    Credit card loans $1,838
    Related Plans $1,946
    Consumer Auto Loans $11,414
    Other loans to individuals $11,757
    All other loans & leases $16,395
    Loans to foreign governments and official institutions $0
    Other loans $6,370
    Loans to depository institutions and acceptances of other banks $2,673
    Loans not secured by real estate $6,370
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $179
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Bank First N.A. had $1,416,246,000 of loans outstanding in 2018. $1,097,840,000 of loans were in real estate loans. $60,802,000 of loans were in development loans. $81,383,000 of loans were in multifamily mortgage loans. $368,689,000 of loans were in 1-4 family mortgage loans. $18,694,000 of loans were in farm loans. $1,838,000 of loans were in credit card loans. $11,414,000 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 910 $191,038 $209,932
    Nonfarm, nonresidential loans - <$100k 226 $9,733 $43,066
    Nonfarm, nonresidential loans - $100-250k 303 $36,276 $119,723
    Nonfarm, nonresidential loans - $250k-1MM 381 $145,029 $380,654
    Commercial & Industrial, US addressed loans - <$1MM 1,691 $122,377 $72,370
    Commercial & Industrial, US addressed loans - <$100k 1,072 $21,515 $20,070
    Commercial & Industrial, US addressed loans - $100-250k 305 $25,128 $82,387
    Commercial & Industrial, US addressed loans - $250k-1MM 314 $75,734 $241,191
    Farmland loans - <$1MM 127 $13,904 $109,480
    Farmland loans - <$100k 42 $1,457 $34,690
    Farmland loans - $100-250k 46 $4,795 $104,239
    Farmland loans - $250k-1MM 39 $7,652 $196,205
    Agriculture operations loans - <$1MM 66 $5,066 $76,758
    Agriculture operations loans - <$100k 44 $1,172 $26,636
    Agriculture operations loans - $100-250k 14 $1,573 $112,357
    Agriculture operations loans - $250k-1MM 8 $2,321 $290,125