Bankers' Bank Mortgage Rates, Fees & Info
MADISON, WILEI: 549300EES32R2VOEK894
Tax ID: 39-1373892
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
1,683Origination Dollar Volume (All Markets)
$305,335,000Awards
Bankers' Bank - 2021
Bankers' Bank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 applications91.35%
Bankers' Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.42%
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% |
