Bank First N.a. Mortgage Rates, Fees & Info
Manitowoc, WILEI: 549300BRLQAIJ1LJA253
Tax ID: 39-0447799
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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. They have a low ratio of USDA loans. Their top markets by origination volume include: Manitowoc, Green Bay, Milwaukee, Sheboygan, and Appleton among others. We have data for 34 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/22/24 |
| 30 Year Conventional Purchase | 6.77% | 11/22/24 |
| 30 Year Conventional Refi | 6.84% | 11/22/24 |
| 30 Year Cash-out Refi | 6.72% | 11/22/24 |
| 30 Year VA Purchase | 6.74% | 11/22/24 |
| 30 Year VA Refi | 6.27% | 11/22/24 |
| 30 Year USDA Purchase | 7.20% | 11/22/24 |
| 15 Year Conventional Purchase | 5.92% | 11/22/24 |
| 15 Year Conventional Refi | 6.03% | 11/22/24 |
| 15 Year Cash-out Refi | 6.03% | 11/22/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,067Origination Dollar Volume (All Markets)
$289,895,000Employee count
284Awards
Bank First N.A. - 2019
Bank First N.A. is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Manitowoc, WI (FHA|USDA|VA) | 284 | $48,730,000 | $171,585 | $1,972 | 4.11% |
| GREEN BAY, WI (FHA|USDA|VA) | 133 | $44,405,000 | $333,872 | $1,871 | 4.26% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 82 | $43,830,000 | $534,512 | $2,166 | 4.02% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 185 | $39,955,000 | $215,973 | $2,084 | 4.12% |
| Outside of Metro Areas | 197 | $33,265,000 | $168,858 | $1,722 | 4.79% |
| APPLETON, WI (FHA|USDA|VA) | 61 | $25,715,000 | $421,557 | $1,854 | 4.16% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 46 | $14,280,000 | $310,435 | $2,020 | 3.98% |
| Marquette, MI (FHA|USDA|VA) | 2 | $12,800,000 | $6,400,000 | $0 | 4.52% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $3,575,000 | $1,191,667 | $4,999 | 4.38% |
| FOND DU LAC, WI (FHA|USDA|VA) | 9 | $3,455,000 | $383,889 | $1,217 | 4.17% |
| MADISON, WI (FHA|USDA|VA) | 2 | $3,120,000 | $1,560,000 | $2,963 | 4.33% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 1 | $2,855,000 | $2,855,000 | $0 | 3.60% |
| Beaver Dam, WI (FHA|USDA|VA) | 8 | $1,630,000 | $203,750 | $2,037 | 3.71% |
| Shawano, WI (FHA|USDA|VA) | 11 | $1,615,000 | $146,818 | $2,374 | 4.45% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $1,365,000 | $1,365,000 | $0 | 3.63% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $1,240,000 | $620,000 | $2,702 | 3.50% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 5 | $1,135,000 | $227,000 | $2,830 | 3.45% |
| Marinette, WI-MI (FHA|USDA|VA) | 6 | $1,050,000 | $175,000 | $1,206 | 5.10% |
| Stevens Point, WI (FHA|USDA|VA) | 8 | $770,000 | $96,250 | $1,344 | 5.06% |
| Iron Mountain, MI-WI (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $999 | 3.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $4,018 | 4.19% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $2,795 | 4.50% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $2,844 | 3.75% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,338 | 4.13% |
| Menomonie, WI (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $2,329 | 4.56% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $1,954 | 4.38% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,133 | 3.94% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,996 | 4.25% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,927 | 4.13% |
| RACINE, WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,219 | 3.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 5.35% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,740 | 3.75% |
| Escanaba, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $969 | 3.50% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.99% |
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,061 | $287,745,000 | $271,202 | $1,943 | 4.26% |
| USDA | 6 | $2,150,000 | $358,333 | $4,244 | 4.44% |
For 2019, Bank First N.a.'s most frequently originated type of loan was Conventional, with 1,061 originations. Their 2nd most popular type was USDA, with 6 originations.
Loan Reason
For 2019, Bank First N.a.'s most frequently cited loan purpose was Refi, with 460 originations. The 2nd most popular reason was Home Purchase, with 455 originations.
Loan Duration/Length
For 2019, Bank First N.a.'s most frequently cited loan duration was 30 Year, with 596 originations. The 2nd most popular length was 15 Year, with 171 originations.
Origination Fees/Closing Costs
Bank First N.a.'s average total fees were $2,304, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 705 originations.
Interest Rates
During 2019, Bank First N.a.'s average interest rate for loans was 4.25%, while their most frequently originated rate bucket for loans was 3-4%, with 478 originations.
Loan Sizing
2019 saw Bank First N.a. place emphasis on $100k-200k loans with 385 originations, totaling $56,045,000 in origination value.
Applicant Income
Bank First N.a. lent most frequently to those with incomes in the $50k or less range, with 222 originations. The second most popular income band? $50k-75k, with 214 originations.
Applicant Debt to Income Ratio
Bank First N.a. lent most frequently to those with DTI ratios of 20-30%, with 279 originations. The next most common DTI ratio? 30-36%, with 199 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.48%
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 origination91.28%
Bank First N.a. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 4 | $190,000 | $47,500 |
| NA | 1,063 | $289,705,000 | $272,535 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Closing on a mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 14.3% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 6 | 42.9% |
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 7.1% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Bank First, N.A. | 601 Fremont Street Kiel, WI 53042 | Full Service B&M | $72,679 |
| Bank First, N.A. | 101 City Center Oshkosh, WI 54901 | Full Service B&M | $78,813 |
| Bank First, N.A. | 101 East Main Street Weyauwega, WI 54983 | Full Service B&M | $17,447 |
| Bank First, N.A. | 110 Baugniet Street Mishicot, WI 54228 | Full Service B&M | $64,259 |
| Bank First, N.A. | 111 Jefferson Street Waupaca, WI 54981 | Full Service B&M | $113,705 |
| Bank First, N.A. | 135 South Main Street Clintonville, WI 54929 | Full Service B&M | $59,219 |
| Bank First, N.A. | 148 North Main Street Iola, WI 54945 | Full Service B&M | $42,165 |
| Bank First, N.A. | 167 Lincoln Street Valders, WI 54245 | Full Service B&M | $43,100 |
| Bank First, N.A. | 1703 Lake Street Two Rivers, WI 54241 | Full Service B&M | $71,417 |
| Bank First, N.A. | 2600 Kohler Memorial Drive Sheboygan, WI 53081 | Full Service B&M | $214,879 |
| Bank First, N.A. | 2700 Eastern Ave. Plymouth, WI 53073 | Full Service B&M | $193,978 |
| Bank First, N.A. | 2747 Manitowoc Road Bellevue, WI 54311 | Full Service B&M | $86,723 |
| Bank First, N.A. | 2810 South Ridge Road Green Bay, WI 54304 | Full Service B&M | $78,300 |
| Bank First, N.A. | 2915 Custer Street Manitowoc, WI 54220 | Full Service B&M | $92,560 |
| Bank First, N.A. | 402 North Eighth Street Manitowoc, WI 54220 | Full Service B&M | $235,975 |
| Bank First, N.A. | 4201 W Wisconsin Ave Appleton, WI 54913 | Full Service B&M | $33,383 |
| Bank First, N.A. | 621 Second Street Chetek, WI 54728 | Full Service B&M | $36,165 |
| Bank First, N.A. | 689 Woodland Plaza Seymour, WI 54165 | Full Service B&M | $40,248 |
For 2019, Bank First N.a. had 18 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $89,164 |
| Net interest income | $70,511 |
| Total noninterest income | $11,837 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,400 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $10,437 |
| Pre-tax net operating income | $35,237 |
| Securities gains (or losses, -) | $634 |
| Income before extraordinary items | $27,845 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $27,845 |
| Minority interest net income | $0 |
| Net income | $27,845 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $27,344 |
Bank First N.a.'s gross interest income from loans was $89,164,000.
Bank First N.a.'s net interest income from loans was $70,511,000.
Bank First N.a.'s fee based income from loans was $1,400,000.
Bank First N.a.'s net income from loans was $27,845,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $18,653 |
| Provision for credit losses | $5,250 |
| Total noninterest expense | $41,861 |
| Salaries and employee benefits | $22,217 |
| Premises and equipment expense | $5,537 |
| Additional noninterest expense | $14,107 |
| Applicable income taxes | $8,026 |
| Net charge-offs | $6,102 |
| Cash dividends | $16,335 |
Bank First N.a.'s interest expense for loans was $18,653,000.
Bank First N.a.'s payroll and benefits expense were $22,217,000.
Bank First N.a.'s property, plant and equipment expenses $5,537,000.
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 | 1.6% |
| 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 | $1,843,397 |
| Deposits held in domestic offices | $1,843,397 |
| Deposits by Individuals, partnerships, and corporations | $1,669,064 |
| Deposits by U.S. Government | $18 |
| Deposits by States and political subdivisions in the U.S. | $174,067 |
| Deposits by Commercial banks and other depository institutions in U.S. | $248 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $671,333 |
| Demand deposits | $476,728 |
| Nontransaction accounts | $1,172,064 |
| Money market deposit accounts (MMDAs) | $500,486 |
| Other savings deposits (excluding MMDAs) | $280,478 |
| Total time deposits | $391,100 |
| Total time and savings deposits | $1,366,669 |
| Noninterest-bearing deposits | $476,568 |
| Interest-bearing deposits | $1,366,829 |
| Retail deposits | $1,767,671 |
| IRAs and Keogh plan accounts | $63,888 |
| Brokered deposits | $15,619 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $2,206,443 |
| Cash & Balances due from depository institutions | $52,191 |
| Interest-bearing balances | $19,242 |
| Total securities | $225,240 |
| Federal funds sold & reverse repurchase | $33,393 |
| Net loans and leases | $1,725,533 |
| Loan and leases loss allowance | $11,396 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $35,286 |
| Other real estate owned | $3,170 |
| Goodwill and other intangibles | $53,122 |
| All other assets | $78,508 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $2,206,443 |
| Total Liabilities | $1,952,145 |
| Total deposits | $1,843,397 |
| Interest-bearing deposits | $1,366,829 |
| Deposits held in domestic offices | $1,843,397 |
| % insured (estimated) | $75 |
| Federal funds purchased and repurchase agreements | $45,865 |
| Trading liabilities | $0 |
| Other borrowed funds | $39,790 |
| Subordinated debt | $0 |
| All other liabilities | $23,093 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,725,533 |
| Loan and leases loss allowance | $11,396 |
| Total loans and leases (domestic) | $1,736,929 |
| All real estate loans | $1,394,523 |
| Real estate loans in domestic offices | $1,394,523 |
| Construction and development loans | $132,163 |
| Residential 1-4 family construction | $18,947 |
| Other construction, all land development and other land | $113,216 |
| Loans secured by nonfarm nonresidential properties | $628,330 |
| Nonfarm nonresidential secured by owner-occupied properties | $388,205 |
| Commercial real estate & other non-farm, non-residential | $240,125 |
| Multifamily residential real estate | $112,103 |
| 1-4 family residential loans | $449,217 |
| Farmland loans | $72,710 |
| Loans held in foreign offices | $0 |
| Farm loans | $21,591 |
| Commercial and industrial loans | $271,970 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $29,586 |
| Credit card loans | $2,423 |
| Related Plans | $1,657 |
| Consumer Auto Loans | $14,002 |
| Other loans to individuals | $11,504 |
| All other loans & leases | $19,259 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $10,440 |
| Loans to depository institutions and acceptances of other banks | $1,736 |
| Loans not secured by real estate | $5,242 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $114 |
| Non 1-4 family restructured loans & leases | $114 |
| Total loans and leases (foreign) | $0 |
Bank First N.A. had $1,725,533,000 of loans outstanding in 2019. $1,394,523,000 of loans were in real estate loans. $132,163,000 of loans were in development loans. $112,103,000 of loans were in multifamily mortgage loans. $449,217,000 of loans were in 1-4 family mortgage loans. $21,591,000 of loans were in farm loans. $2,423,000 of loans were in credit card loans. $14,002,000 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 | 1,015 | $206,282 | $203,233 |
| Nonfarm, nonresidential loans - <$100k | 241 | $9,323 | $38,685 |
| Nonfarm, nonresidential loans - $100-250k | 343 | $35,446 | $103,341 |
| Nonfarm, nonresidential loans - $250k-1MM | 431 | $161,513 | $374,740 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,820 | $130,702 | $71,814 |
| Commercial & Industrial, US addressed loans - <$100k | 1,154 | $23,699 | $20,536 |
| Commercial & Industrial, US addressed loans - $100-250k | 329 | $26,038 | $79,143 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 337 | $80,965 | $240,252 |
| Farmland loans - <$1MM | 161 | $22,123 | $137,410 |
| Farmland loans - <$100k | 53 | $4,967 | $93,717 |
| Farmland loans - $100-250k | 62 | $7,279 | $117,403 |
| Farmland loans - $250k-1MM | 46 | $9,877 | $214,717 |
| Agriculture operations loans - <$1MM | 84 | $6,699 | $79,750 |
| Agriculture operations loans - <$100k | 56 | $1,547 | $27,625 |
| Agriculture operations loans - $100-250k | 14 | $1,276 | $91,143 |
| Agriculture operations loans - $250k-1MM | 14 | $3,876 | $276,857 |