Bankers' Bank Mortgage Rates, Fees & Info

MADISON, WI

LEI: 549300EES32R2VOEK894

Tax ID: 39-1373892

5 stars - out of 5 stars, based on 41 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Bankers' Bank is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. Bankers' Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets include St. Louis, Sheboygan, Milwaukee, Omaha, and Carroll among others. Bankers' 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. Bankers' Bank is typically a low fee lendor.


Originations

1,683

Origination Dollar Volume (All Markets)

$305,335,000
Show all (11) awards

Relative Rate

Bankers' Bank's average 30 year fixed rate mortgage of loans were 3.09%.

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

This yields a difference of -0.06%.

Relative Fees

Bankers' Bank's average total fees for a 30 year fixed rate mortgage are $2,462.

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
Outside of Metro Areas 664 $107,970,000 $162,605 $2,371 2.86%
ST. LOUIS, MO-IL (FHA|USDA|VA) 104 $22,730,000 $218,558 $2,197 2.74%
SHEBOYGAN, WI (FHA|USDA|VA) 94 $19,060,000 $202,766 $1,572 2.96%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 72 $17,620,000 $244,722 $2,119 2.81%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 71 $14,385,000 $202,606 $2,421 3.08%
Carroll, IA (FHA|USDA|VA) 60 $12,360,000 $206,000 $3,588 2.54%
EAU CLAIRE, WI (FHA|USDA|VA) 59 $11,825,000 $200,424 $2,843 2.73%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 48 $10,070,000 $209,792 $3,976 2.76%
Stevens Point, WI (FHA|USDA|VA) 42 $8,130,000 $193,571 $1,395 2.79%
Beaver Dam, WI (FHA|USDA|VA) 43 $7,335,000 $170,581 $2,041 2.85%
Marinette, WI-MI (FHA|USDA|VA) 47 $7,045,000 $149,894 $1,647 3.03%
Mason City, IA (FHA|USDA|VA) 38 $5,860,000 $154,211 $2,780 2.51%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 32 $5,570,000 $174,063 $2,079 3.07%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 17 $5,185,000 $305,000 $2,802 2.90%
MADISON, WI (FHA|USDA|VA) 21 $4,595,000 $218,810 $1,962 2.67%
Spencer, IA (FHA|USDA|VA) 26 $4,380,000 $168,462 $2,355 2.67%
FOND DU LAC, WI (FHA|USDA|VA) 16 $3,350,000 $209,375 $1,613 2.92%
Spirit Lake, IA (FHA|USDA|VA) 16 $2,810,000 $175,625 $1,956 2.74%
DULUTH, MN-WI (FHA|USDA|VA) 15 $2,495,000 $166,333 $2,393 2.95%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 15 $2,465,000 $164,333 $2,212 3.28%
Baraboo, WI (FHA|USDA|VA) 10 $2,460,000 $246,000 $2,254 3.05%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 8 $2,070,000 $258,750 $2,978 2.67%
GREEN BAY, WI (FHA|USDA|VA) 11 $1,985,000 $180,455 $1,746 3.06%
Centralia, IL (FHA|USDA|VA) 12 $1,610,000 $134,167 $3,682 2.95%
Freeport, IL (FHA|USDA|VA) 15 $1,495,000 $99,667 $2,372 2.63%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 7 $1,375,000 $196,429 $1,265 2.73%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 6 $1,290,000 $215,000 $2,181 2.81%
Shawano, WI (FHA|USDA|VA) 9 $1,225,000 $136,111 $1,835 2.74%
Menomonie, WI (FHA|USDA|VA) 7 $1,185,000 $169,286 $2,968 3.04%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 5 $915,000 $183,000 $3,084 2.55%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 6 $910,000 $151,667 $2,047 3.00%
Mount Vernon, IL (FHA|USDA|VA) 4 $880,000 $220,000 $4,379 3.13%
Storm Lake, IA (FHA|USDA|VA) 7 $845,000 $120,714 $2,642 2.82%
BLOOMINGTON, IL (FHA|USDA|VA) 6 $750,000 $125,000 $1,791 3.29%
Lincoln, IL (FHA|USDA|VA) 6 $730,000 $121,667 $1,709 3.63%
Manitowoc, WI (FHA|USDA|VA) 4 $660,000 $165,000 $1,900 3.00%
AMES, IA (FHA|USDA|VA) 4 $630,000 $157,500 $3,079 2.41%
New Castle, IN (FHA|USDA|VA) 5 $555,000 $111,000 $2,324 3.40%
Sterling, IL (FHA|USDA|VA) 4 $540,000 $135,000 $2,316 2.88%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 3 $525,000 $175,000 $2,078 3.04%
KANKAKEE, IL (FHA|USDA|VA) 2 $500,000 $250,000 $2,311 2.38%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $465,000 $465,000 $6,812 2.63%
ROCHESTER, MN (FHA|USDA|VA) 2 $450,000 $225,000 $3,637 2.50%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 3 $435,000 $145,000 $3,396 2.92%
FORT WAYNE, IN (FHA|USDA|VA) 2 $400,000 $200,000 $2,123 3.31%
Platteville, WI (FHA|USDA|VA) 3 $395,000 $131,667 $2,166 2.38%
PEORIA, IL (FHA|USDA|VA) 2 $360,000 $180,000 $1,910 3.31%
Brainerd, MN (FHA|USDA|VA) 1 $355,000 $355,000 $4,639 2.88%
WAUSAU-WESTON, WI (FHA|USDA|VA) 2 $340,000 $170,000 $2,286 2.81%
Pella, IA (FHA|USDA|VA) 1 $325,000 $325,000 $5,844 2.88%
Fort Dodge, IA (FHA|USDA|VA) 2 $300,000 $150,000 $3,092 2.69%
Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 2 $260,000 $130,000 $1,900 2.94%
WICHITA, KS (FHA|USDA|VA) 2 $250,000 $125,000 $2,955 2.81%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $245,000 $245,000 $7,050 2.63%
APPLETON, WI (FHA|USDA|VA) 2 $240,000 $120,000 $1,665 2.81%
DUBUQUE, IA (FHA|USDA|VA) 1 $235,000 $235,000 $3,028 2.75%
Marshalltown, IA (FHA|USDA|VA) 1 $205,000 $205,000 $4,711 2.75%
Rochelle, IL (FHA|USDA|VA) 1 $185,000 $185,000 $2,399 2.88%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $185,000 $185,000 $1,742 2.38%
Plymouth, IN (FHA|USDA|VA) 1 $175,000 $175,000 $1,981 3.00%
Burlington, IA-IL (FHA|USDA|VA) 1 $145,000 $145,000 $2,103 3.25%
Lexington, NE (FHA|USDA|VA) 1 $145,000 $145,000 $1,208 3.63%
Albert Lea, MN (FHA|USDA|VA) 1 $135,000 $135,000 $3,145 2.50%
Faribault-Northfield, MN (FHA|USDA|VA) 1 $135,000 $135,000 $2,477 2.38%
Findlay, OH (FHA|USDA|VA) 1 $105,000 $105,000 $2,461 2.63%
Peru, IN (FHA|USDA|VA) 1 $95,000 $95,000 $2,853 3.13%
Pontiac, IL (FHA|USDA|VA) 1 $95,000 $95,000 $3,608 3.13%
ROCKFORD, IL (FHA|USDA|VA) 1 $95,000 $95,000 $2,811 2.75%
Galesburg, IL (FHA|USDA|VA) 1 $85,000 $85,000 $1,926 4.13%
McPherson, KS (FHA|USDA|VA) 1 $65,000 $65,000 $2,601 3.38%
MUNCIE, IN (FHA|USDA|VA) 1 $55,000 $55,000 $1,390 2.38%

Bankers' Bank's top markets include St. Louis, Sheboygan, Milwaukee, Omaha, and Carroll among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,654 $302,210,000 $182,715 $2,347 2.85%
USDA 28 $2,890,000 $103,214 $3,462 3.08%
VA 1 $235,000 $235,000 $3,235 2.75%

For the 2021 period, Bankers' Bank's most frequently originated loan type of loans were Conventional, with 1,654 originations. Their 2nd most popular type is USDA, with 28 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 711 $128,615,000 $180,893 $2,150 2.72%
Home Purchase 577 $108,215,000 $187,548 $2,588 3.01%
Cash Out Refi 392 $68,090,000 $173,699 $2,436 2.85%
Other 2 $310,000 $155,000 $2,381 3.19%
Home Improvement 1 $105,000 $105,000 $1,187 2.25%

For the 2021, Bankers' Bank's most frequently cited loan purpose of loans were Refi, with 711 originations. The 2nd most popular reason of loans were Home Purchase, with 577 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 998 $192,140,000 $192,525 $2,462 3.09%
15 Year 516 $86,410,000 $167,461 $2,250 2.38%
20 Year 149 $24,285,000 $162,987 $2,213 2.88%
10 Year 14 $1,480,000 $105,714 $1,712 2.27%
Other 6 $1,020,000 $170,000 $1,983 3.00%

For the 2021, Bankers' Bank's most frequently cited loan length of loans were 30 Year, with 998 originations. The 2nd most popular length of loans were 15 Year, with 516 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 943 $165,655,000 $175,668
$1k-2k 478 $74,770,000 $156,423
$2k-3k 144 $31,680,000 $220,000
$3k-4k 82 $22,610,000 $275,732
$5k+ 27 $9,685,000 $358,704

$2,462 of loans were Bankers' Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 943 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 692 $128,000,000 $184,971
3-4% 532 $96,670,000 $181,711
<2.5% 446 $78,730,000 $176,525
4-5% 13 $1,935,000 $148,846

During 2021, Bankers' Bank's average interest rate of loans were 3.09%, while their most frequently originated rate bucket of loans were 2.5-3%, with 692 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 779 $111,925,000 $143,678 $2,180 2.85%
$200k-400k 501 $133,015,000 $265,499 $2,667 2.87%
$100,000 or less 328 $24,160,000 $73,659 $2,104 2.83%
$400k-600k 69 $31,375,000 $454,710 $3,116 2.82%
$600k-1MM 6 $4,860,000 $810,000 $6,937 2.33%

2021 saw Bankers' Bank place emphasis on $100k-200k loans with 779 originations, totaling $111,925,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 406 $60,050,000 $147,906 $2,184 2.90%
$100k-150k 359 $77,225,000 $215,111 $2,422 2.82%
$50k or less 334 $35,890,000 $107,455 $2,238 2.93%
$75k-100k 332 $60,550,000 $182,380 $2,324 2.86%
$150k-250k 196 $52,050,000 $265,561 $2,574 2.73%
$250k+ 56 $19,570,000 $349,464 $3,617 2.56%

Bankers' Bank lent most frequently to those with incomes in the $50k-75k range, with 406 originations. The second most popular income band? $100k-150k, with 359 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 550 $95,120,000 $172,945 $2,392 2.82%
30-36% 319 $62,575,000 $196,160 $2,493 2.86%
<20% 261 $43,725,000 $167,529 $2,293 2.75%
37% 61 $9,405,000 $154,180 $2,192 3.02%
36% 58 $12,680,000 $218,621 $2,388 2.86%
42% 55 $9,675,000 $175,909 $2,468 2.90%
40% 46 $8,120,000 $176,522 $2,179 2.98%
38% 44 $8,390,000 $190,682 $2,567 2.87%
39% 43 $7,315,000 $170,116 $2,456 2.93%
44% 43 $7,065,000 $164,302 $2,092 2.95%
43% 41 $8,435,000 $205,732 $2,371 2.91%
41% 35 $6,595,000 $188,429 $2,268 2.97%
46% 26 $4,620,000 $177,692 $2,231 2.79%
47% 26 $5,570,000 $214,231 $2,167 2.91%
45% 25 $4,855,000 $194,200 $2,441 2.90%
48% 25 $5,305,000 $212,200 $2,219 2.78%
49% 24 $5,770,000 $240,417 $2,017 2.93%
50-60% 1 $115,000 $115,000 $1,290 2.88%

Bankers' Bank lent most frequently to those with DTI ratios of 20-30%, with 550 originations. The next most common DTI ratio? 30-36%, with 319 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,552 $283,650,000 $182,764 $2,374 2.86%
Not provided 107 $18,005,000 $168,271 $2,339 2.74%
Asian 10 $2,170,000 $217,000 $1,654 2.65%
American Indian 8 $960,000 $120,000 $2,184 3.19%
Black 4 $350,000 $87,500 $2,252 3.00%
Native Hawaiian 2 $200,000 $100,000 $2,336 2.13%

Approval Rates

Total approvals of all applications
91.35%

Bankers' Bank has an average approval rate.

Pick Rate

Approvals leading to origination
85.42%

Bankers' Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
1955.0 1 $55,000 $55,000
5114.69 1 $165,000 $165,000
NA 1,681 $305,115,000 $181,508

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,683 $305,335,000 $181,423

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 96 $10,320,000 $107,500 $1,788 2.60%
40-60% 330 $51,410,000 $155,788 $2,059 2.64%
60-80% 765 $153,525,000 $200,686 $2,460 2.87%
80-100% 486 $89,690,000 $184,547 $2,547 3.01%
Under 20% 6 $390,000 $65,000 $1,853 2.48%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
BANCORPSOUTH BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 8.3%
BANCORPSOUTH BANK Conventional home mortgage Incorrect information on your report 1 8.3%
BANCORPSOUTH BANK Conventional home mortgage Trouble during payment process 7 58.3%
BANCORPSOUTH BANK FHA mortgage Trouble during payment process 1 8.3%
BANCORPSOUTH BANK Other type of mortgage Closing on a mortgage 1 8.3%
BANCORPSOUTH BANK VA mortgage Struggling to pay mortgage 1 8.3%