Oregon Community Bank Mortgage Rates, Fees & Info

Oregon, WI

LEI: 549300CS1XP28EERR469

Tax ID: 39-1229545

5 stars - out of 5 stars, based on 31 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Oregon Community Bank is a smaller bank specializing in Refi and Home Purchase loans. Oregon Community Bank has a high proportion of conventional loans. Their top markets include Madison, Janesville, Baraboo, Milwaukee, and Watertown among others. Oregon Community Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Oregon Community Bank is typically a low fee lendor.


Originations

974

Origination Dollar Volume (All Markets)

$308,390,000

Employee count

197

Awards

Oregon Community Bank 30 Year Conventional Loans bronze Oregon Community Bank 30 Year Conventional Loans silver
Show all (2) awards

Relative Rate

Oregon Community Bank's average 30 year fixed rate mortgage of loans were 3.08%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.07%.

Relative Fees

Oregon Community Bank's average total fees for a 30 year fixed rate mortgage are $2,494.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
MADISON, WI (FHA|USDA|VA) 735 $253,885,000 $345,422 $2,363 3.01%
Outside of Metro Areas 127 $26,285,000 $206,969 $2,236 3.10%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 34 $7,430,000 $218,529 $2,354 2.98%
Baraboo, WI (FHA|USDA|VA) 12 $6,530,000 $544,167 $2,022 3.29%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 21 $5,525,000 $263,095 $2,637 3.27%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 11 $3,005,000 $273,182 $2,082 3.03%
Beaver Dam, WI (FHA|USDA|VA) 7 $1,275,000 $182,143 $1,881 3.23%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 6 $850,000 $141,667 $2,152 3.64%
GREEN BAY, WI (FHA|USDA|VA) 2 $580,000 $290,000 $1,410 3.63%
WAUSAU-WESTON, WI (FHA|USDA|VA) 3 $545,000 $181,667 $2,606 2.75%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $385,000 $385,000 $3,323 3.13%
RACINE, WI (FHA|USDA|VA) 2 $340,000 $170,000 $0 4.31%
Whitewater, WI (FHA|USDA|VA) 2 $340,000 $170,000 $2,882 3.63%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 2 $270,000 $135,000 $2,396 3.06%
FOND DU LAC, WI (FHA|USDA|VA) 2 $240,000 $120,000 $1,962 3.31%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 2 $240,000 $120,000 $0 4.13%
Escanaba, MI (FHA|USDA|VA) 1 $185,000 $185,000 $2,519 3.00%
Marinette, WI-MI (FHA|USDA|VA) 1 $125,000 $125,000 $2,201 2.25%
Platteville, WI (FHA|USDA|VA) 1 $125,000 $125,000 $1,676 2.25%
Stevens Point, WI (FHA|USDA|VA) 1 $115,000 $115,000 $2,435 2.63%
APPLETON, WI (FHA|USDA|VA) 1 $115,000 $115,000 $2,505 3.75%

Oregon Community Bank's top markets include Madison, Janesville, Baraboo, Milwaukee, and Watertown among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 974 $308,390,000 $316,622 $2,340 3.04%

For the 2021 period, Oregon Community Bank's most frequently originated loan type of loans were Conventional, with 974 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 424 $128,240,000 $302,453 $2,061 2.86%
Home Purchase 326 $123,790,000 $379,724 $2,758 3.29%
Cash Out Refi 215 $52,195,000 $242,767 $2,395 2.94%
Home Improvement 5 $685,000 $137,000 $1,472 3.80%
Other 4 $3,480,000 $870,000 $0 5.62%

For the 2021, Oregon Community Bank's most frequently cited loan purpose of loans were Refi, with 424 originations. The 2nd most popular reason of loans were Home Purchase, with 326 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 551 $161,115,000 $292,405 $2,494 3.08%
15 Year 190 $43,610,000 $229,526 $2,045 2.42%
5 Year 81 $56,065,000 $692,160 $245 3.93%
20 Year 80 $16,660,000 $208,250 $2,135 2.94%
10 Year 29 $10,755,000 $370,862 $2,162 2.57%
3 Year 18 $3,280,000 $182,222 $0 4.03%
1 Year 17 $8,235,000 $484,412 $0 4.12%
Other 8 $8,670,000 $1,083,750 $1,676 4.21%

For the 2021, Oregon Community Bank's most frequently cited loan length of loans were 30 Year, with 551 originations. The 2nd most popular length of loans were 15 Year, with 190 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 712 $186,500,000 $261,938
$1k-2k 82 $18,920,000 $230,732
$2k-3k 42 $12,240,000 $291,429
$3k-4k 28 $9,870,000 $352,500
$5k+ 12 $4,210,000 $350,833

$2,494 of loans were Oregon Community Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 712 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 403 $114,195,000 $283,362
3-4% 329 $128,635,000 $390,988
<2.5% 190 $41,990,000 $221,000
4-5% 47 $19,665,000 $418,404
5-6% 4 $650,000 $162,500
7-8% 1 $3,255,000 $3,255,000

During 2021, Oregon Community Bank's average interest rate of loans were 3.08%, while their most frequently originated rate bucket of loans were 2.5-3%, with 403 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 435 $120,935,000 $278,011 $2,452 2.96%
$100k-200k 271 $40,855,000 $150,756 $2,159 3.00%
$400k-600k 140 $68,660,000 $490,429 $2,725 3.04%
$100,000 or less 87 $5,715,000 $65,690 $1,656 3.26%
$1MM+ 21 $56,075,000 $2,670,238 $2,020 3.77%
$600k-1MM 20 $16,150,000 $807,500 $2,471 3.46%

2021 saw Oregon Community Bank place emphasis on $200k-400k loans with 435 originations, totaling $120,935,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 218 $59,810,000 $274,358 $2,382 2.92%
$150k-250k 192 $60,930,000 $317,344 $2,318 2.98%
$75k-100k 154 $34,700,000 $225,325 $2,245 2.93%
$50k-75k 127 $23,365,000 $183,976 $2,380 2.96%
$250k+ 114 $43,920,000 $385,263 $2,663 3.12%
$50k or less 82 $12,240,000 $149,268 $2,052 2.97%

Oregon Community Bank lent most frequently to those with incomes in the $100k-150k range, with 218 originations. The second most popular income band? $150k-250k, with 192 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 238 $61,890,000 $260,042 $2,386 2.88%
30-36% 166 $44,600,000 $268,675 $2,471 2.92%
<20% 151 $38,195,000 $252,947 $2,256 2.83%
39% 34 $8,720,000 $256,471 $2,541 3.08%
43% 25 $6,955,000 $278,200 $2,215 2.97%
36% 25 $6,365,000 $254,600 $2,259 3.08%
41% 25 $6,455,000 $258,200 $2,340 3.15%
40% 24 $5,850,000 $243,750 $2,541 3.09%
38% 24 $6,310,000 $262,917 $2,003 3.19%
46% 23 $5,785,000 $251,522 $2,322 3.03%
42% 21 $6,305,000 $300,238 $2,230 3.04%
44% 18 $4,050,000 $225,000 $2,241 3.12%
37% 18 $5,080,000 $282,222 $2,279 2.85%
48% 18 $5,190,000 $288,333 $2,238 2.92%
47% 15 $3,285,000 $219,000 $1,940 3.11%
45% 13 $3,255,000 $250,385 $2,068 2.89%
50-60% 11 $5,445,000 $495,000 $2,507 3.47%
49% 10 $2,770,000 $277,000 $2,939 3.09%
>60% 3 $2,545,000 $848,333 $2,852 3.54%

Oregon Community Bank lent most frequently to those with DTI ratios of 20-30%, with 238 originations. The next most common DTI ratio? 30-36%, with 166 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 735 $193,815,000 $263,694 $2,382 2.92%
Not applicable 75 $70,785,000 $943,800 $0 3.97%
Not provided 129 $33,635,000 $260,736 $1,976 3.21%
Asian 13 $3,815,000 $293,462 $2,429 2.88%
Black 10 $2,800,000 $280,000 $2,629 3.01%
Asian Indian 5 $1,425,000 $285,000 $2,829 2.38%
American Indian 4 $1,410,000 $352,500 $2,394 3.25%
Vietnamese 1 $325,000 $325,000 $2,476 2.75%
Chinese 1 $285,000 $285,000 $1,651 2.88%
Other Asian 1 $95,000 $95,000 $2,236 2.13%

Approval Rates

Total approvals of all applications
94.05%

Oregon Community Bank has an average approval rate.

Pick Rate

Approvals leading to origination
89.50%

Oregon Community Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 974 $308,390,000 $316,622

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
974 $308,390,000 $316,622

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 100 $18,150,000 $181,500 $2,106 2.72%
40-60% 189 $46,545,000 $246,270 $2,182 2.73%
60-80% 436 $157,070,000 $360,252 $2,474 3.04%
80-100% 208 $76,390,000 $367,260 $2,629 3.32%
Over 100% 5 $4,305,000 $861,000 $0 3.89%
Under 20% 35 $2,675,000 $76,429 $823 3.65%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
One Community Bank 8215 Greenway Blvd Middleton, WI 53562 Full Service B&M $0
One Community Bank 101 Alpine Parkway Oregon, WI 53575 Full Service B&M $0
One Community Bank 120 East Valette Street Oxford, WI 53952 Full Service B&M $21,135
One Community Bank 1351 Water Wheel Drive Waunakee, WI 53597 Full Service B&M $34,197
One Community Bank 205 East Washington Street Stoughton, WI 53589 Limited, Drive-thru $0
One Community Bank 2401 Jackson Street Stoughton, WI 53589 Full Service B&M $144,295
One Community Bank 2580 Ironwood Drive Sun Prairie, WI 53590 Full Service B&M $42,973
One Community Bank 501 North Main Street Adams, WI 53910 Full Service B&M $115,098
One Community Bank 5990 Highway 51 Mc Farland, WI 53558 Full Service B&M $312,685
One Community Bank 643 County Road E Grand Marsh, WI 53936 Full Service B&M $7
One Community Bank 733 N Main St Oregon, WI 53575 Full Service B&M $602,641

For 2021, Oregon Community Bank had 11 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $54,833
Net interest income $50,992
Total noninterest income $9,967
Gross Fiduciary activities income $0
Service charges on deposit accounts $258
Trading account gains and fees $0
Additional Noninterest Income $9,709
Pre-tax net operating income $27,518
Securities gains (or losses, -) $48
Income before extraordinary items $20,260
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $20,260
Minority interest net income $0
Net income $20,260
Sale, conversion, retirement of capital stock, net $0
Net operating income $20,222

Oregon Community Bank's gross interest income from loans was $54,833,000.
Oregon Community Bank's net interest income from loans was $50,992,000.
Oregon Community Bank's fee based income from loans was $258,000.
Oregon Community Bank's net income from loans was $20,260,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $3,841
Provision for credit losses $2,833
Total noninterest expense $30,608
Salaries and employee benefits $17,312
Premises and equipment expense $5,265
Additional noninterest expense $8,031
Applicable income taxes $7,306
Net charge-offs $-349
Cash dividends $9,700

Oregon Community Bank's interest expense for loans was $3,841,000.
Oregon Community Bank's payroll and benefits expense were $17,312,000.
Oregon Community Bank's property, plant and equipment expenses $5,265,000.

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 1.0%
All other family 0.0%
Commercial & industrial loans 0.0%
Personal loans 0.0%
Credit card loans 0.0%
Other individual loans 1.0%
Auto loans 2.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $1,347,872
Deposits held in domestic offices $1,347,872
Deposits by Individuals, partnerships, and corporations $1,199,762
Deposits by U.S. Government $17
Deposits by States and political subdivisions in the U.S. $141,280
Deposits by Commercial banks and other depository institutions in U.S. $6,813
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $643,888
Demand deposits $631,795
Nontransaction accounts $703,984
Money market deposit accounts (MMDAs) $374,048
Other savings deposits (excluding MMDAs) $149,067
Total time deposits $180,869
Total time and savings deposits $716,077
Noninterest-bearing deposits $364,154
Interest-bearing deposits $983,719
Retail deposits $1,266,670
IRAs and Keogh plan accounts $25,663
Brokered deposits $51,314
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,614,121
Cash & Balances due from depository institutions $19,462
Interest-bearing balances $2,139
Total securities $150,546
Federal funds sold & reverse repurchase $50,414
Net loans and leases $1,320,767
Loan and leases loss allowance $9,793
Trading account assets $0
Bank premises and fixed assets $16,358
Other real estate owned $319
Goodwill and other intangibles $22,668
All other assets $33,587

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,614,121
Total Liabilities $1,434,148
Total deposits $1,347,872
Interest-bearing deposits $983,719
Deposits held in domestic offices $1,347,872
% insured (estimated) $62
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $75,599
Subordinated debt $0
All other liabilities $10,677

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,320,767
Loan and leases loss allowance $9,793
Total loans and leases (domestic) $1,330,560
All real estate loans $1,216,567
Real estate loans in domestic offices $1,216,567
Construction and development loans $168,697
Residential 1-4 family construction $39,201
Other construction, all land development and other land $129,496
Loans secured by nonfarm nonresidential properties $640,536
Nonfarm nonresidential secured by owner-occupied properties $209,482
Commercial real estate & other non-farm, non-residential $431,054
Multifamily residential real estate $194,428
1-4 family residential loans $191,271
Farmland loans $21,635
Loans held in foreign offices $0
Farm loans $405
Commercial and industrial loans $108,349
To non-U.S. addressees $0
Loans to individuals $1,781
Credit card loans $1,196
Related Plans $352
Consumer Auto Loans $233
Other loans to individuals $0
All other loans & leases $3,458
Loans to foreign governments and official institutions $0
Other loans $904
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $13,271
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $291
Non 1-4 family restructured loans & leases $93
Total loans and leases (foreign) $0

Oregon Community Bank had $1,320,767,000 of loans outstanding in 2021. $1,216,567,000 of loans were in real estate loans. $168,697,000 of loans were in development loans. $194,428,000 of loans were in multifamily mortgage loans. $191,271,000 of loans were in 1-4 family mortgage loans. $405,000 of loans were in farm loans. $1,196,000 of loans were in credit card loans. $233,000 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 418 $129,695 $310,275
Nonfarm, nonresidential loans - <$100k 49 $1,846 $37,673
Nonfarm, nonresidential loans - $100-250k 110 $14,929 $135,718
Nonfarm, nonresidential loans - $250k-1MM 259 $112,920 $435,985
Commercial & Industrial, US addressed loans - <$1MM 554 $51,990 $93,845
Commercial & Industrial, US addressed loans - <$100k 353 $7,855 $22,252
Commercial & Industrial, US addressed loans - $100-250k 95 $9,702 $102,126
Commercial & Industrial, US addressed loans - $250k-1MM 106 $34,433 $324,840
Farmland loans - <$1MM 9 $1,402 $155,778
Farmland loans - <$100k 3 $157 $52,333
Farmland loans - $100-250k 4 $500 $125,000
Farmland loans - $250k-1MM 2 $745 $372,500
Agriculture operations loans - <$1MM 2 $405 $202,500
Agriculture operations loans - <$100k 1 $6 $6,000
Agriculture operations loans - $250k-1MM 1 $399 $399,000