Horicon Bank Mortgage Rates, Fees & Info

Horicon, WI

LEI: 549300GIXEN5875K5W17

Tax ID: 39-0356800

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    Horicon Bank is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Horicon Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Beaver Dam, Fond Du Lac, Milwaukee, Oshkosh, and Madison among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Horicon 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. Horicon Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.40% 4/14/24
    30 Year Conventional Refi 6.44% 4/14/24
    30 Year Cash-out Refi 6.47% 4/14/24
    30 Year USDA Purchase 7.04% 4/14/24
    15 Year Conventional Purchase 6.05% 4/14/24
    15 Year Conventional Refi 6.06% 4/14/24
    15 Year Cash-out Refi 6.06% 4/14/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Horicon Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Horicon Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    575

    Origination Dollar Volume (All Markets)

    $103,705,000

    Employee count

    200 Show all (9) awards

    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
    Beaver Dam, WI (FHA|USDA|VA) 188 $26,780,000 $142,447 $1,149 4.44%
    FOND DU LAC, WI (FHA|USDA|VA) 125 $18,845,000 $150,760 $1,141 4.19%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 82 $18,830,000 $229,634 $1,490 3.98%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 59 $14,635,000 $248,051 $1,181 3.99%
    Outside of Metro Areas 75 $13,835,000 $184,467 $1,134 4.29%
    MADISON, WI (FHA|USDA|VA) 12 $2,770,000 $230,833 $1,118 4.41%
    SHEBOYGAN, WI (FHA|USDA|VA) 11 $2,355,000 $214,091 $1,402 4.24%
    APPLETON, WI (FHA|USDA|VA) 7 $1,425,000 $203,571 $1,383 3.82%
    Manitowoc, WI (FHA|USDA|VA) 2 $970,000 $485,000 $2,098 3.88%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $795,000 $795,000 $0 4.75%
    Shawano, WI (FHA|USDA|VA) 4 $740,000 $185,000 $1,405 4.51%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $550,000 $275,000 $1,693 3.94%
    GREEN BAY, WI (FHA|USDA|VA) 3 $495,000 $165,000 $1,767 4.53%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $385,000 $385,000 $3,112 3.13%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $190,000 $95,000 $1,117 5.56%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $105,000 $105,000 $1,391 3.63%
    Horicon Bank's top markets include Beaver Dam, Fond Du Lac, Milwaukee, Oshkosh, and Madison among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Horicon Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 570 $102,950,000 $180,614 $1,205 4.24%
    USDA 5 $755,000 $151,000 $2,757 4.18%

    For 2019, Horicon Bank's most frequently originated type of loan was Conventional, with 570 originations. Their 2nd most popular type was USDA, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 254 $48,060,000 $189,213 $1,470 4.40%
    Refi 144 $29,320,000 $203,611 $1,048 3.79%
    Cash Out Refi 130 $23,260,000 $178,923 $1,209 4.06%
    Other 30 $2,280,000 $76,000 $509 5.03%
    Home Improvement 17 $785,000 $46,176 $473 5.67%

    For 2019, Horicon Bank's most frequently cited loan purpose was Home Purchase, with 254 originations. The 2nd most popular reason was Refi, with 144 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 294 $57,660,000 $196,122 $1,400 4.13%
    15 Year 106 $17,890,000 $168,774 $1,191 3.56%
    20 Year 55 $8,445,000 $153,545 $1,016 3.97%
    10 Year 50 $3,810,000 $76,200 $560 5.23%
    5 Year 44 $10,840,000 $246,364 $270 5.29%
    1 Year 10 $1,680,000 $168,000 $1,295 5.18%
    Other 10 $2,300,000 $230,000 $327 5.14%
    3 Year 6 $1,080,000 $180,000 $293 5.20%

    For 2019, Horicon Bank's most frequently cited loan duration was 30 Year, with 294 originations. The 2nd most popular length was 15 Year, with 106 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 497 $84,635,000 $170,292
    $1k-2k 9 $2,365,000 $262,778
    $2k-3k 3 $1,105,000 $368,333
    $4k-5k 2 $520,000 $260,000

    Horicon Bank's average total fees were $1,400, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 497 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 274 $52,240,000 $190,657
    4-5% 161 $32,985,000 $204,876
    5-6% 78 $9,250,000 $118,590
    2.5-3% 30 $6,570,000 $219,000
    6-7% 22 $1,960,000 $89,091
    7-8% 9 $655,000 $72,778
    Over 8% 1 $45,000 $45,000

    During 2019, Horicon Bank's average interest rate for loans was 4.13%, while their most frequently originated rate bucket for loans was 3-4%, with 274 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 225 $32,885,000 $146,156 $1,283 4.05%
    $100,000 or less 166 $9,920,000 $59,759 $870 4.89%
    $200k-400k 157 $42,995,000 $273,854 $1,397 3.83%
    $400k-600k 19 $8,625,000 $453,947 $1,408 4.08%
    $600k-1MM 5 $3,895,000 $779,000 $2,378 4.62%
    $1MM+ 3 $5,385,000 $1,795,000 $0 4.98%

    2019 saw Horicon Bank place emphasis on $100k-200k loans with 225 originations, totaling $32,885,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 130 $25,360,000 $195,077 $1,174 4.14%
    $50k-75k 123 $16,455,000 $133,780 $1,216 4.34%
    $75k-100k 99 $16,205,000 $163,687 $1,194 4.21%
    $50k or less 79 $7,225,000 $91,456 $1,140 4.42%
    $150k-250k 70 $16,740,000 $239,143 $1,300 3.94%
    $250k+ 26 $7,760,000 $298,462 $1,442 4.21%

    Horicon Bank lent most frequently to those with incomes in the $100k-150k range, with 130 originations. The second most popular income band? $50k-75k, with 123 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 164 $29,080,000 $177,317 $1,251 4.08%
    30-36% 120 $19,080,000 $159,000 $1,186 4.10%
    <20% 79 $12,255,000 $155,127 $1,186 4.00%
    40% 24 $4,490,000 $187,083 $1,365 4.32%
    37% 20 $3,710,000 $185,500 $1,231 4.39%
    36% 17 $3,105,000 $182,647 $912 4.24%
    42% 16 $2,930,000 $183,125 $1,181 4.37%
    39% 16 $2,850,000 $178,125 $1,268 4.58%
    46% 11 $1,915,000 $174,091 $1,133 4.38%
    43% 11 $2,145,000 $195,000 $1,311 4.75%
    44% 11 $2,075,000 $188,636 $1,504 3.92%
    38% 9 $1,645,000 $182,778 $1,018 4.46%
    41% 8 $1,510,000 $188,750 $1,423 3.94%
    45% 8 $1,710,000 $213,750 $1,415 4.13%
    49% 4 $380,000 $95,000 $1,390 3.78%
    50-60% 3 $435,000 $145,000 $499 5.21%
    47% 2 $350,000 $175,000 $1,170 4.94%
    48% 2 $290,000 $145,000 $1,163 4.25%
    >60% 1 $205,000 $205,000 $1,064 5.25%

    Horicon Bank lent most frequently to those with DTI ratios of 20-30%, with 164 originations. The next most common DTI ratio? 30-36%, with 120 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 524 $88,950,000 $169,752 $1,230 4.21%
    Not applicable 30 $11,180,000 $372,667 $0 5.01%
    Not provided 11 $1,855,000 $168,636 $1,081 4.03%
    Asian 6 $860,000 $143,333 $795 3.67%
    American Indian 3 $525,000 $175,000 $1,051 3.92%
    Black 1 $335,000 $335,000 $774 6.63%

    Approval Rates

    Total approvals of all applications
    92.43%

    Horicon Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.57%

    Horicon Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    171.7 1 $15,000 $15,000
    172.35 1 $35,000 $35,000
    309.76 1 $35,000 $35,000
    358.17 1 $45,000 $45,000
    NA 571 $103,575,000 $181,392

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $8,875,000 $986,111
    Single Family (1-4 Units):Manufactured 13 $335,000 $25,769
    Single Family (1-4 Units):Site-Built 553 $94,495,000 $170,877

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 43 $3,895,000 $90,581 $728 4.76%
    40-60% 77 $12,665,000 $164,481 $1,181 3.97%
    60-80% 262 $53,280,000 $203,359 $1,285 4.12%
    80-100% 160 $32,600,000 $203,750 $1,456 4.22%
    Over 100% 1 $175,000 $175,000 $3,425 4.00%
    Under 20% 32 $1,090,000 $34,063 $335 5.35%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Horicon Bank 854 East Johnson Street Fond Du Lac, WI 54935 Full Service B&M $57,716
    Horicon Bank 100 East Midway Road Appleton, WI 54915 Full Service B&M $21,532
    Horicon Bank 105 Industrial Drive Beaver Dam, WI 53916 Full Service B&M $124,857
    Horicon Bank 1188 West Fond Du Lac Street Ripon, WI 54971 Full Service Retail $5,848
    Horicon Bank 1207 West Johnson Street Fond Du Lac, WI 54935 Full Service B&M $23,595
    Horicon Bank 1440 Horicon Street Mayville, WI 53050 Full Service Retail $9,015
    Horicon Bank 1535 West Paradise Drive West Bend, WI 53095 Full Service B&M $68,445
    Horicon Bank 156 South Main Street Iron Ridge, WI 53035 Full Service B&M $21,686
    Horicon Bank 2251 Omro Road Oshkosh, WI 54904 Full Service B&M $38,155
    Horicon Bank 226 Schuyler Street Neosho, WI 53059 Full Service B&M $22,048
    Horicon Bank 326 East Lake Street Horicon, WI 53032 Full Service B&M $141,598
    Horicon Bank 400 Watson Street Ripon, WI 54971 Full Service B&M $64,608
    Horicon Bank 515 Hill Street Green Lake, WI 54941 Full Service B&M $51,064
    Horicon Bank 609 North Spring Street Beaver Dam, WI 53916 Full Service Retail $5,182
    Horicon Bank 810 Park Avenue Beaver Dam, WI 53916 Full Service Retail $7,357

    For 2019, Horicon Bank had 15 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $37,758
    Net interest income $31,728
    Total noninterest income $6,587
    Gross Fiduciary activities income $92
    Service charges on deposit accounts $1,002
    Trading account gains and fees $0
    Additional Noninterest Income $5,493
    Pre-tax net operating income $12,162
    Securities gains (or losses, -) $0
    Income before extraordinary items $11,806
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,806
    Minority interest net income $0
    Net income $11,806
    Sale, conversion, retirement of capital stock, net $310
    Net operating income $11,806

    Horicon Bank's gross interest income from loans was $37,758,000.
    Horicon Bank's net interest income from loans was $31,728,000.
    Horicon Bank's fee based income from loans was $1,002,000.
    Horicon Bank's net income from loans was $11,806,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,030
    Provision for credit losses $1,441
    Total noninterest expense $24,712
    Salaries and employee benefits $14,979
    Premises and equipment expense $2,656
    Additional noninterest expense $7,077
    Applicable income taxes $356
    Net charge-offs $7
    Cash dividends $7,172

    Horicon Bank's interest expense for loans was $6,030,000.
    Horicon Bank's payroll and benefits expense were $14,979,000.
    Horicon Bank's property, plant and equipment expenses $2,656,000.

    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 0.0%
    Multifamily residential loans 2.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 2.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 4.9%
    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 $783,241
    Deposits held in domestic offices $783,241
    Deposits by Individuals, partnerships, and corporations $750,646
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $32,097
    Deposits by Commercial banks and other depository institutions in U.S. $498
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $283,419
    Demand deposits $195,751
    Nontransaction accounts $499,822
    Money market deposit accounts (MMDAs) $216,181
    Other savings deposits (excluding MMDAs) $93,708
    Total time deposits $189,933
    Total time and savings deposits $587,490
    Noninterest-bearing deposits $195,751
    Interest-bearing deposits $587,490
    Retail deposits $727,665
    IRAs and Keogh plan accounts $23,709
    Brokered deposits $26,504
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $883,530
    Cash & Balances due from depository institutions $74,794
    Interest-bearing balances $62,434
    Total securities $27,045
    Federal funds sold & reverse repurchase $801
    Net loans and leases $753,652
    Loan and leases loss allowance $7,805
    Trading account assets $0
    Bank premises and fixed assets $15,526
    Other real estate owned $1,941
    Goodwill and other intangibles $2,985
    All other assets $6,786

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $883,530
    Total Liabilities $792,992
    Total deposits $783,241
    Interest-bearing deposits $587,490
    Deposits held in domestic offices $783,241
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,863
    Subordinated debt $0
    All other liabilities $7,888

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $753,652
    Loan and leases loss allowance $7,805
    Total loans and leases (domestic) $761,457
    All real estate loans $604,089
    Real estate loans in domestic offices $604,089
    Construction and development loans $56,722
    Residential 1-4 family construction $11,938
    Other construction, all land development and other land $44,784
    Loans secured by nonfarm nonresidential properties $254,708
    Nonfarm nonresidential secured by owner-occupied properties $149,571
    Commercial real estate & other non-farm, non-residential $105,137
    Multifamily residential real estate $19,051
    1-4 family residential loans $143,244
    Farmland loans $130,364
    Loans held in foreign offices $0
    Farm loans $40,415
    Commercial and industrial loans $104,256
    To non-U.S. addressees $0
    Loans to individuals $7,588
    Credit card loans $385
    Related Plans $8
    Consumer Auto Loans $3,563
    Other loans to individuals $3,632
    All other loans & leases $5,109
    Loans to foreign governments and official institutions $0
    Other loans $3,049
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $6,090
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $11,825
    Non 1-4 family restructured loans & leases $10,886
    Total loans and leases (foreign) $0

    Horicon Bank had $753,652,000 of loans outstanding in 2019. $604,089,000 of loans were in real estate loans. $56,722,000 of loans were in development loans. $19,051,000 of loans were in multifamily mortgage loans. $143,244,000 of loans were in 1-4 family mortgage loans. $40,415,000 of loans were in farm loans. $385,000 of loans were in credit card loans. $3,563,000 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 548 $101,923 $185,991
    Nonfarm, nonresidential loans - <$100k 181 $7,500 $41,436
    Nonfarm, nonresidential loans - $100-250k 186 $24,467 $131,543
    Nonfarm, nonresidential loans - $250k-1MM 181 $69,956 $386,497
    Commercial & Industrial, US addressed loans - <$1MM 966 $60,191 $62,310
    Commercial & Industrial, US addressed loans - <$100k 712 $13,370 $18,778
    Commercial & Industrial, US addressed loans - $100-250k 132 $11,758 $89,076
    Commercial & Industrial, US addressed loans - $250k-1MM 122 $35,063 $287,402
    Farmland loans - <$1MM 231 $32,610 $141,169
    Farmland loans - <$100k 81 $3,029 $37,395
    Farmland loans - $100-250k 96 $13,494 $140,563
    Farmland loans - $250k-1MM 54 $16,087 $297,907
    Agriculture operations loans - <$1MM 326 $23,360 $71,656
    Agriculture operations loans - <$100k 222 $5,690 $25,631
    Agriculture operations loans - $100-250k 61 $6,309 $103,426
    Agriculture operations loans - $250k-1MM 43 $11,361 $264,209