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
  • 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 and Refi loans. West Pointe Bank has a high proportion of conventional loans. Their top markets by origination volume include: Oshkosh, Fond Du Lac, Appleton, Green Bay, and Milwaukee among others. We have data for 9 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

    113

    Origination Dollar Volume (All Markets)

    $20,875,000

    Employee count

    24

    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) 75 $12,175,000 $162,333 $0 0.00%
    FOND DU LAC, WI (FHA|USDA|VA) 9 $3,505,000 $389,444 $0 0.00%
    APPLETON, WI (FHA|USDA|VA) 11 $3,215,000 $292,273 $0 0.00%
    GREEN BAY, WI (FHA|USDA|VA) 7 $725,000 $103,571 $0 0.00%
    Outside of Metro Areas 5 $425,000 $85,000 $0 0.00%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $290,000 $145,000 $0 0.00%
    Beaver Dam, WI (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 2 $190,000 $95,000 $0 0.00%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    West Pointe Bank's top markets include Oshkosh, Fond Du Lac, Appleton, Green Bay, and Milwaukee among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 113 $20,875,000 $184,735 $0 0.00%

    For 2019, West Pointe Bank's most frequently originated type of loan was Conventional, with 113 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 68 $15,020,000 $220,882 $0 0.00%
    Refi 35 $4,805,000 $137,286 $0 0.00%
    Home Improvement 6 $370,000 $61,667 $0 0.00%
    Other 4 $680,000 $170,000 $0 0.00%

    For 2019, West Pointe Bank's most frequently cited loan purpose was Home Purchase, with 68 originations. The 2nd most popular reason was Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 113 $20,875,000 $184,735 $0 0.00%

    For 2019, West Pointe Bank's most frequently cited loan duration was Other, with 113 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 70 $4,350,000 $62,143 $0 0.00%
    $100k-200k 23 $3,115,000 $135,435 $0 0.00%
    $200k-400k 10 $2,600,000 $260,000 $0 0.00%
    $400k-600k 5 $2,185,000 $437,000 $0 0.00%
    $1MM+ 4 $7,850,000 $1,962,500 $0 0.00%
    $600k-1MM 1 $775,000 $775,000 $0 0.00%

    2019 saw West Pointe Bank place emphasis on $100,000 or less loans with 70 originations, totaling $4,350,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 11 $965,000 $87,727 $0 0.00%
    $100k-150k 10 $1,560,000 $156,000 $0 0.00%
    $50k or less 8 $690,000 $86,250 $0 0.00%
    $150k-250k 4 $960,000 $240,000 $0 0.00%
    $250k+ 2 $700,000 $350,000 $0 0.00%
    $75k-100k 1 $185,000 $185,000 $0 0.00%

    West Pointe Bank lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $100k-150k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 113 $20,875,000 $184,735 $0 0.00%

    West Pointe Bank lent most frequently to those with DTI ratios of Exempt%, with 113 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 76 $15,660,000 $206,053 $0 0.00%
    White 34 $4,890,000 $143,824 $0 0.00%
    Not provided 2 $280,000 $140,000 $0 0.00%
    Asian 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.59%

    West Pointe Bank 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
    84.96%

    West Pointe Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 113 $20,875,000 $184,735

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 12 $10,170,000 $847,500
    Single Family (1-4 Units):Manufactured 3 $345,000 $115,000
    Single Family (1-4 Units):Site-Built 98 $10,360,000 $105,714

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    West Pointe Bank 1750 Witzel Avenue Oshkosh, WI 54901 Full Service B&M $207,671

    For 2019, West Pointe Bank had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,750
    Net interest income $9,936
    Total noninterest income $951
    Gross Fiduciary activities income $129
    Service charges on deposit accounts $90
    Trading account gains and fees $0
    Additional Noninterest Income $732
    Pre-tax net operating income $4,624
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,599
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,599
    Minority interest net income $0
    Net income $3,599
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,599

    West Pointe Bank's gross interest income from loans was $13,750,000.
    West Pointe Bank's net interest income from loans was $9,936,000.
    West Pointe Bank's fee based income from loans was $90,000.
    West Pointe Bank's net income from loans was $3,599,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,814
    Provision for credit losses $700
    Total noninterest expense $5,563
    Salaries and employee benefits $3,787
    Premises and equipment expense $289
    Additional noninterest expense $1,487
    Applicable income taxes $1,025
    Net charge-offs $-1,190
    Cash dividends $1,175

    West Pointe Bank's interest expense for loans was $3,814,000.
    West Pointe Bank's payroll and benefits expense were $3,787,000.
    West Pointe Bank's property, plant and equipment expenses $289,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 3.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 4.0%
    HELOC loans 0.0%
    All other family 5.0%
    Commercial & industrial loans 9.0%
    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 $212,847
    Deposits held in domestic offices $212,847
    Deposits by Individuals, partnerships, and corporations $132,652
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $6,991
    Deposits by Commercial banks and other depository institutions in U.S. $73,204
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $35,568
    Demand deposits $17,956
    Nontransaction accounts $177,279
    Money market deposit accounts (MMDAs) $38,994
    Other savings deposits (excluding MMDAs) $10,430
    Total time deposits $127,855
    Total time and savings deposits $194,891
    Noninterest-bearing deposits $17,956
    Interest-bearing deposits $194,891
    Retail deposits $180,850
    IRAs and Keogh plan accounts $5,652
    Brokered deposits $14,268
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $293,096
    Cash & Balances due from depository institutions $2,922
    Interest-bearing balances $820
    Total securities $35,513
    Federal funds sold & reverse repurchase $0
    Net loans and leases $235,532
    Loan and leases loss allowance $3,982
    Trading account assets $0
    Bank premises and fixed assets $946
    Other real estate owned $3,155
    Goodwill and other intangibles $0
    All other assets $15,028

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $293,096
    Total Liabilities $242,353
    Total deposits $212,847
    Interest-bearing deposits $194,891
    Deposits held in domestic offices $212,847
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $5,703
    Trading liabilities $0
    Other borrowed funds $19,500
    Subordinated debt $0
    All other liabilities $4,303

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $235,532
    Loan and leases loss allowance $3,982
    Total loans and leases (domestic) $239,514
    All real estate loans $197,907
    Real estate loans in domestic offices $197,907
    Construction and development loans $23,408
    Residential 1-4 family construction $221
    Other construction, all land development and other land $23,187
    Loans secured by nonfarm nonresidential properties $100,744
    Nonfarm nonresidential secured by owner-occupied properties $9,281
    Commercial real estate & other non-farm, non-residential $91,463
    Multifamily residential real estate $15,622
    1-4 family residential loans $58,133
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $41,003
    To non-U.S. addressees $0
    Loans to individuals $612
    Credit card loans $0
    Related Plans $20
    Consumer Auto Loans $204
    Other loans to individuals $388
    All other loans & leases $131
    Loans to foreign governments and official institutions $0
    Other loans $131
    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 $4,440
    Non 1-4 family restructured loans & leases $3,910
    Total loans and leases (foreign) $0

    West Pointe Bank had $235,532,000 of loans outstanding in 2019. $197,907,000 of loans were in real estate loans. $23,408,000 of loans were in development loans. $15,622,000 of loans were in multifamily mortgage loans. $58,133,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $204,000 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 298 $40,926 $137,336
    Nonfarm, nonresidential loans - <$100k 190 $10,137 $53,353
    Nonfarm, nonresidential loans - $100-250k 63 $9,959 $158,079
    Nonfarm, nonresidential loans - $250k-1MM 45 $20,830 $462,889
    Commercial & Industrial, US addressed loans - <$1MM 133 $19,817 $149,000
    Commercial & Industrial, US addressed loans - <$100k 80 $3,685 $46,063
    Commercial & Industrial, US addressed loans - $100-250k 26 $3,911 $150,423
    Commercial & Industrial, US addressed loans - $250k-1MM 27 $12,221 $452,630