West Pointe Bank Mortgage Rates, Fees & Info

Oshkosh, WI

LEI: 549300E0Q8JLIMURNH75

Tax ID: 39-1827049

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    West Pointe Bank is a smaller bank specializing in Home Purchase loans. West Pointe Bank has a high proportion of conventional loans. Their top markets by origination volume include: Oshkosh, Naples, Fond Du Lac, Appleton, and Wausau among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    West Pointe 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.

    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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    Originations

    78

    Origination Dollar Volume (All Markets)

    $16,080,000

    Employee count

    22

    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
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 56 $13,330,000 $238,036 $0 0.00%
    Outside of Metro Areas 6 $1,000,000 $166,667 $0 0.00%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $635,000 $635,000 $0 0.00%
    FOND DU LAC, WI (FHA|USDA|VA) 11 $555,000 $50,455 $0 0.00%
    APPLETON, WI (FHA|USDA|VA) 3 $365,000 $121,667 $0 0.00%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    West Pointe Bank's top markets include Oshkosh, Naples, Fond Du Lac, Appleton, and Wausau among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 78 $16,080,000 $206,154 $0 0.00%

    For 2018, West Pointe Bank's most frequently originated type of loan was Conventional, with 78 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 66 $13,120,000 $198,788 $0 0.00%
    Refi 8 $2,290,000 $286,250 $0 0.00%
    Home Improvement 4 $670,000 $167,500 $0 0.00%

    For 2018, West Pointe Bank's most frequently cited loan purpose was Home Purchase, with 66 originations. The 2nd most popular reason was Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 78 $16,080,000 $206,154 $0 0.00%

    For 2018, West Pointe Bank's most frequently cited loan duration was Other, with 78 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 43 $2,485,000 $57,791 $0 0.00%
    $100k-200k 19 $2,475,000 $130,263 $0 0.00%
    $200k-400k 9 $2,245,000 $249,444 $0 0.00%
    $1MM+ 3 $6,555,000 $2,185,000 $0 0.00%
    $400k-600k 2 $1,040,000 $520,000 $0 0.00%
    $600k-1MM 2 $1,280,000 $640,000 $0 0.00%

    2018 saw West Pointe Bank place emphasis on $100,000 or less loans with 43 originations, totaling $2,485,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 11 $1,115,000 $101,364 $0 0.00%
    $50k-75k 9 $855,000 $95,000 $0 0.00%
    $100k-150k 4 $610,000 $152,500 $0 0.00%
    $75k-100k 3 $325,000 $108,333 $0 0.00%
    $250k+ 1 $635,000 $635,000 $0 0.00%

    West Pointe Bank lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $50k-75k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 78 $16,080,000 $206,154 $0 0.00%

    West Pointe Bank lent most frequently to those with DTI ratios of Exempt%, with 78 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 49 $12,435,000 $253,776 $0 0.00%
    White 25 $3,345,000 $133,800 $0 0.00%
    American Indian 1 $145,000 $145,000 $0 0.00%
    Asian 1 $85,000 $85,000 $0 0.00%
    Not provided 2 $70,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.38%

    West Pointe Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.05%

    West Pointe Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 78 $16,080,000 $206,154

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $8,225,000 $913,889
    Single Family (1-4 Units):Site-Built 69 $7,855,000 $113,841

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Westpark Equity Group, Inc. Other type of mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    West Pointe Bank 1750 Witzel Avenue Oshkosh, WI 54901 Full Service B&M $205,517

    For 2018, West Pointe Bank had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,607
    Net interest income $9,586
    Total noninterest income $714
    Gross Fiduciary activities income $205
    Service charges on deposit accounts $78
    Trading account gains and fees $0
    Additional Noninterest Income $431
    Pre-tax net operating income $2,212
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,837
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,837
    Minority interest net income $0
    Net income $1,837
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,837

    West Pointe Bank's gross interest income from loans was $12,607,000.
    West Pointe Bank's net interest income from loans was $9,586,000.
    West Pointe Bank's fee based income from loans was $78,000.
    West Pointe Bank's net income from loans was $1,837,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,021
    Provision for credit losses $2,600
    Total noninterest expense $5,488
    Salaries and employee benefits $3,922
    Premises and equipment expense $285
    Additional noninterest expense $1,281
    Applicable income taxes $375
    Net charge-offs $4,495
    Cash dividends $0

    West Pointe Bank's interest expense for loans was $3,021,000.
    West Pointe Bank's payroll and benefits expense were $3,922,000.
    West Pointe Bank's property, plant and equipment expenses $285,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    Commercial & industrial loans 1.0%
    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 $212,332
    Deposits held in domestic offices $212,332
    Deposits by Individuals, partnerships, and corporations $135,275
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $20,845
    Deposits by Commercial banks and other depository institutions in U.S. $56,212
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $35,035
    Demand deposits $18,097
    Nontransaction accounts $177,297
    Money market deposit accounts (MMDAs) $43,772
    Other savings deposits (excluding MMDAs) $10,233
    Total time deposits $123,292
    Total time and savings deposits $194,235
    Noninterest-bearing deposits $18,097
    Interest-bearing deposits $194,235
    Retail deposits $170,149
    IRAs and Keogh plan accounts $5,676
    Brokered deposits $26,383
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $286,083
    Cash & Balances due from depository institutions $3,168
    Interest-bearing balances $629
    Total securities $35,516
    Federal funds sold & reverse repurchase $1,871
    Net loans and leases $229,502
    Loan and leases loss allowance $2,092
    Trading account assets $0
    Bank premises and fixed assets $976
    Other real estate owned $315
    Goodwill and other intangibles $0
    All other assets $14,735

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $286,083
    Total Liabilities $238,373
    Total deposits $212,332
    Interest-bearing deposits $194,235
    Deposits held in domestic offices $212,332
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $22,160
    Subordinated debt $0
    All other liabilities $3,881

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $229,502
    Loan and leases loss allowance $2,092
    Total loans and leases (domestic) $231,594
    All real estate loans $188,304
    Real estate loans in domestic offices $188,304
    Construction and development loans $23,211
    Residential 1-4 family construction $347
    Other construction, all land development and other land $22,864
    Loans secured by nonfarm nonresidential properties $95,181
    Nonfarm nonresidential secured by owner-occupied properties $8,979
    Commercial real estate & other non-farm, non-residential $86,202
    Multifamily residential real estate $11,119
    1-4 family residential loans $58,793
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $42,795
    To non-U.S. addressees $0
    Loans to individuals $534
    Credit card loans $0
    Related Plans $30
    Consumer Auto Loans $165
    Other loans to individuals $339
    All other loans & leases $66
    Loans to foreign governments and official institutions $0
    Other loans $66
    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 $4,919
    Non 1-4 family restructured loans & leases $4,178
    Total loans and leases (foreign) $0

    West Pointe Bank had $229,502,000 of loans outstanding in 2018. $188,304,000 of loans were in real estate loans. $23,211,000 of loans were in development loans. $11,119,000 of loans were in multifamily mortgage loans. $58,793,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $165,000 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 294 $40,028 $136,150
    Nonfarm, nonresidential loans - <$100k 186 $9,578 $51,495
    Nonfarm, nonresidential loans - $100-250k 64 $10,048 $157,000
    Nonfarm, nonresidential loans - $250k-1MM 44 $20,402 $463,682
    Commercial & Industrial, US addressed loans - <$1MM 127 $19,418 $152,898
    Commercial & Industrial, US addressed loans - <$100k 85 $3,274 $38,518
    Commercial & Industrial, US addressed loans - $100-250k 15 $2,343 $156,200
    Commercial & Industrial, US addressed loans - $250k-1MM 27 $13,801 $511,148