Bristol Morgan Bank Mortgage Rates, Fees & Info

Oakfield, WI

LEI: 549300GNGK57UA6SFP52

Tax ID: 39-0147990

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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

    Bristol Morgan Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Bristol Morgan Bank has a high proportion of conventional loans. Their top markets by origination volume include: Fond Du Lac, Madison, Oshkosh, Appleton, and Janesville among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bristol Morgan Bank has an above average approval rate when compared to the average across all lenders. They have an above 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

    93

    Origination Dollar Volume (All Markets)

    $15,765,000

    Employee count

    25

    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
    FOND DU LAC, WI (FHA|USDA|VA) 57 $9,595,000 $168,333 $0 0.00%
    MADISON, WI (FHA|USDA|VA) 6 $1,340,000 $223,333 $0 0.00%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 6 $1,130,000 $188,333 $0 0.00%
    APPLETON, WI (FHA|USDA|VA) 5 $865,000 $173,000 $0 0.00%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 3 $565,000 $188,333 $0 0.00%
    Outside of Metro Areas 5 $515,000 $103,000 $0 0.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
    SHEBOYGAN, WI (FHA|USDA|VA) 3 $405,000 $135,000 $0 0.00%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $390,000 $195,000 $0 0.00%
    Whitewater, WI (FHA|USDA|VA) 3 $365,000 $121,667 $0 0.00%
    Manitowoc, WI (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Beaver Dam, WI (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Bristol Morgan Bank's top markets include Fond Du Lac, Madison, Oshkosh, Appleton, and Janesville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 93 $15,765,000 $169,516 $0 0.00%

    For 2018, Bristol Morgan Bank's most frequently originated type of loan was Conventional, with 93 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 51 $9,945,000 $195,000 $0 0.00%
    Cash Out Refi 24 $3,190,000 $132,917 $0 0.00%
    Refi 11 $2,105,000 $191,364 $0 0.00%
    Home Improvement 4 $350,000 $87,500 $0 0.00%
    Other 3 $175,000 $58,333 $0 0.00%

    For 2018, Bristol Morgan Bank's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Cash Out Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 93 $15,765,000 $169,516 $0 0.00%

    For 2018, Bristol Morgan Bank's most frequently cited loan duration was Other, with 93 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 33 $2,115,000 $64,091 $0 0.00%
    $100k-200k 28 $3,860,000 $137,857 $0 0.00%
    $200k-400k 26 $6,640,000 $255,385 $0 0.00%
    $400k-600k 5 $2,285,000 $457,000 $0 0.00%
    $600k-1MM 1 $865,000 $865,000 $0 0.00%

    2018 saw Bristol Morgan Bank place emphasis on $100,000 or less loans with 33 originations, totaling $2,115,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 22 $3,350,000 $152,273 $0 0.00%
    $100k-150k 14 $2,650,000 $189,286 $0 0.00%
    $150k-250k 14 $3,400,000 $242,857 $0 0.00%
    $50k or less 14 $1,050,000 $75,000 $0 0.00%
    $50k-75k 12 $1,250,000 $104,167 $0 0.00%
    $250k+ 2 $780,000 $390,000 $0 0.00%

    Bristol Morgan Bank lent most frequently to those with incomes in the $75k-100k range, with 22 originations. The second most popular income band? $100k-150k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 93 $15,765,000 $169,516 $0 0.00%

    Bristol Morgan Bank lent most frequently to those with DTI ratios of Exempt%, with 93 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 76 $12,150,000 $159,868 $0 0.00%
    Not applicable 15 $3,285,000 $219,000 $0 0.00%
    Not provided 2 $330,000 $165,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.00%

    Bristol Morgan Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.62%

    Bristol Morgan Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 93 $15,765,000 $169,516

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $1,385,000 $461,667
    Single Family (1-4 Units):Manufactured 1 $55,000 $55,000
    Single Family (1-4 Units):Site-Built 89 $14,325,000 $160,955

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Brightfunders, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    Brightfunders, LLC Conventional home mortgage Closing on a mortgage 1 16.7%
    Brightfunders, LLC FHA mortgage Closing on a mortgage 2 33.3%
    Brightfunders, LLC Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 33.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bristol Morgan Bank 103 South Main Street Oakfield, WI 53065 Full Service B&M $56,574
    Bristol Morgan Bank 600 Clark Street Brandon, WI 53919 Full Service B&M $16,201
    Bristol Morgan Bank N9512 Van Dyne Road Van Dyne, WI 54979 Full Service B&M $10,449

    For 2018, Bristol Morgan Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,070
    Net interest income $3,300
    Total noninterest income $631
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $80
    Trading account gains and fees $0
    Additional Noninterest Income $551
    Pre-tax net operating income $242
    Securities gains (or losses, -) $0
    Income before extraordinary items $205
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $205
    Minority interest net income $0
    Net income $205
    Sale, conversion, retirement of capital stock, net $2
    Net operating income $205

    Bristol Morgan Bank's gross interest income from loans was $4,070,000.
    Bristol Morgan Bank's net interest income from loans was $3,300,000.
    Bristol Morgan Bank's fee based income from loans was $80,000.
    Bristol Morgan Bank's net income from loans was $205,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $770
    Provision for credit losses $218
    Total noninterest expense $3,471
    Salaries and employee benefits $1,714
    Premises and equipment expense $381
    Additional noninterest expense $1,376
    Applicable income taxes $37
    Net charge-offs $25
    Cash dividends $167

    Bristol Morgan Bank's interest expense for loans was $770,000.
    Bristol Morgan Bank's payroll and benefits expense were $1,714,000.
    Bristol Morgan Bank's property, plant and equipment expenses $381,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    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 $82,027
    Deposits held in domestic offices $82,027
    Deposits by Individuals, partnerships, and corporations $72,427
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $5,619
    Deposits by Commercial banks and other depository institutions in U.S. $3,981
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $23,967
    Demand deposits $13,156
    Nontransaction accounts $58,060
    Money market deposit accounts (MMDAs) $11,967
    Other savings deposits (excluding MMDAs) $10,513
    Total time deposits $35,579
    Total time and savings deposits $68,871
    Noninterest-bearing deposits $13,156
    Interest-bearing deposits $68,870
    Retail deposits $74,703
    IRAs and Keogh plan accounts $4,521
    Brokered deposits $4,032
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $101,109
    Cash & Balances due from depository institutions $8,624
    Interest-bearing balances $5,867
    Total securities $14,277
    Federal funds sold & reverse repurchase $966
    Net loans and leases $70,479
    Loan and leases loss allowance $922
    Trading account assets $0
    Bank premises and fixed assets $3,265
    Other real estate owned $201
    Goodwill and other intangibles $82
    All other assets $3,215

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $101,109
    Total Liabilities $90,147
    Total deposits $82,027
    Interest-bearing deposits $68,870
    Deposits held in domestic offices $82,027
    % insured (estimated) $94
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $7,750
    Subordinated debt $0
    All other liabilities $370

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $70,479
    Loan and leases loss allowance $922
    Total loans and leases (domestic) $71,401
    All real estate loans $57,198
    Real estate loans in domestic offices $57,198
    Construction and development loans $8,063
    Residential 1-4 family construction $3,719
    Other construction, all land development and other land $4,344
    Loans secured by nonfarm nonresidential properties $17,408
    Nonfarm nonresidential secured by owner-occupied properties $14,247
    Commercial real estate & other non-farm, non-residential $3,161
    Multifamily residential real estate $1,993
    1-4 family residential loans $22,058
    Farmland loans $7,676
    Loans held in foreign offices $0
    Farm loans $1,603
    Commercial and industrial loans $10,063
    To non-U.S. addressees $0
    Loans to individuals $1,419
    Credit card loans $388
    Related Plans $15
    Consumer Auto Loans $494
    Other loans to individuals $522
    All other loans & leases $1,118
    Loans to foreign governments and official institutions $0
    Other loans $12
    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 $1,737
    Non 1-4 family restructured loans & leases $1,737
    Total loans and leases (foreign) $0

    Bristol Morgan Bank had $70,479,000 of loans outstanding in 2018. $57,198,000 of loans were in real estate loans. $8,063,000 of loans were in development loans. $1,993,000 of loans were in multifamily mortgage loans. $22,058,000 of loans were in 1-4 family mortgage loans. $1,603,000 of loans were in farm loans. $388,000 of loans were in credit card loans. $494,000 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 49 $9,058 $184,857
    Nonfarm, nonresidential loans - <$100k 15 $487 $32,467
    Nonfarm, nonresidential loans - $100-250k 23 $2,999 $130,391
    Nonfarm, nonresidential loans - $250k-1MM 11 $5,572 $506,545
    Commercial & Industrial, US addressed loans - <$1MM 67 $5,652 $84,358
    Commercial & Industrial, US addressed loans - <$100k 44 $1,046 $23,773
    Commercial & Industrial, US addressed loans - $100-250k 11 $867 $78,818
    Commercial & Industrial, US addressed loans - $250k-1MM 12 $3,739 $311,583
    Farmland loans - <$1MM 38 $5,135 $135,132
    Farmland loans - <$100k 13 $535 $41,154
    Farmland loans - $100-250k 15 $1,961 $130,733
    Farmland loans - $250k-1MM 10 $2,639 $263,900
    Agriculture operations loans - <$1MM 46 $1,557 $33,848
    Agriculture operations loans - <$100k 36 $589 $16,361
    Agriculture operations loans - $100-250k 8 $611 $76,375
    Agriculture operations loans - $250k-1MM 2 $357 $178,500