Bristol Morgan Bank Mortgage Rates, Fees & Info

Oakfield, WI

LEI: 549300GNGK57UA6SFP52

Tax ID: 39-0147990

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

Review & Overview

Bristol Morgan Bank is a smaller bank specializing in Home Purchase, Refi, 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, Oshkosh, Madison, Milwaukee, 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 average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

Origination Dollar Volume (All Markets)

$15,020,000

Employee count

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)	56	$9,150,000	$163,393	$0	0.00%
OSHKOSH-NEENAH, WI (FHA\|USDA\|VA)	10	$1,160,000	$116,000	$0	0.00%
MADISON, WI (FHA\|USDA\|VA)	6	$1,150,000	$191,667	$0	0.00%
MILWAUKEE-WAUKESHA, WI (FHA\|USDA\|VA)	5	$915,000	$183,000	$0	0.00%
JANESVILLE-BELOIT, WI (FHA\|USDA\|VA)	7	$825,000	$117,857	$0	0.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA\|USDA\|VA)	1	$485,000	$485,000	$0	0.00%
Beaver Dam, WI (FHA\|USDA\|VA)	3	$375,000	$125,000	$0	0.00%
SHEBOYGAN, WI (FHA\|USDA\|VA)	4	$320,000	$80,000	$0	0.00%
Outside of Metro Areas	3	$305,000	$101,667	$0	0.00%
Shawano, WI (FHA\|USDA\|VA)	1	$145,000	$145,000	$0	0.00%
APPLETON, WI (FHA\|USDA\|VA)	1	$115,000	$115,000	$0	0.00%
Watertown-Fort Atkinson, WI (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	0.00%

Bristol Morgan Bank's top markets include Fond Du Lac, Oshkosh, Madison, Milwaukee, 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	98	$15,020,000	$153,265	$0	0.00%

For 2019, Bristol Morgan Bank's most frequently originated type of loan was Conventional, with 98 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	34	$5,800,000	$170,588	$0	0.00%
Refi	30	$5,690,000	$189,667	$0	0.00%
Cash Out Refi	25	$3,185,000	$127,400	$0	0.00%
Home Improvement	7	$275,000	$39,286	$0	0.00%
Other	2	$70,000	$35,000	$0	0.00%

For 2019, Bristol Morgan Bank's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Refi, with 30 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	98	$15,020,000	$153,265	$0	0.00%

For 2019, Bristol Morgan Bank's most frequently cited loan duration was Other, with 98 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	35	$2,125,000	$60,714	$0	0.00%
$100k-200k	35	$4,735,000	$135,286	$0	0.00%
$200k-400k	24	$6,230,000	$259,583	$0	0.00%
$400k-600k	4	$1,930,000	$482,500	$0	0.00%

2019 saw Bristol Morgan Bank place emphasis on $100,000 or less loans with 35 originations, totaling $2,125,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	22	$4,400,000	$200,000	$0	0.00%
$75k-100k	17	$3,015,000	$177,353	$0	0.00%
$50k-75k	13	$1,405,000	$108,077	$0	0.00%
$50k or less	10	$860,000	$86,000	$0	0.00%
$150k-250k	6	$1,900,000	$316,667	$0	0.00%
$250k+	3	$195,000	$65,000	$0	0.00%

Bristol Morgan Bank lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $75k-100k, with 17 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	98	$15,020,000	$153,265	$0	0.00%

Bristol Morgan Bank lent most frequently to those with DTI ratios of Exempt%, with 98 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	71	$11,795,000	$166,127	$0	0.00%
Not applicable	24	$2,630,000	$109,583	$0	0.00%
Not provided	2	$490,000	$245,000	$0	0.00%
American Indian	1	$105,000	$105,000	$0	0.00%

Approval Rates

Total approvals of all applications
87.10%

Bristol Morgan Bank has an average approval rate.

Pick Rate

Approvals leading to origination
89.80%

Bristol Morgan Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	98	$15,020,000	$153,265

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	1	$275,000	$275,000
Single Family (1-4 Units):Manufactured	1	$115,000	$115,000
Single Family (1-4 Units):Site-Built	96	$14,630,000	$152,396

Complaints

Bank Name	Product	Issue	2019 CPFB Complaints	% of Total Issues
Brightfunders, LLC	FHA mortgage	Applying for a mortgage or refinancing an existing mortgage	1	50.0%
Brightfunders, LLC	FHA mortgage	Trouble during payment process	1	50.0%

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	$48,784
Bristol Morgan Bank	171 S Pioneer Road Fond Du Lac, WI 54936	Full Service B&M	$8,086
Bristol Morgan Bank	600 Clark Street Brandon, WI 53919	Full Service B&M	$14,574
Bristol Morgan Bank	N9512 Van Dyne Road Van Dyne, WI 54979	Full Service B&M	$10,324

For 2019, Bristol Morgan Bank had 4 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$4,251
Net interest income	$3,204
Total noninterest income	$594
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$74
Trading account gains and fees	$0
Additional Noninterest Income	$520
Pre-tax net operating income	$67
Securities gains (or losses, -)	$15
Income before extraordinary items	$123
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$123
Minority interest net income	$0
Net income	$123
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$108

Bristol Morgan Bank's gross interest income from loans was $4,251,000.
Bristol Morgan Bank's net interest income from loans was $3,204,000.
Bristol Morgan Bank's fee based income from loans was $74,000.
Bristol Morgan Bank's net income from loans was $123,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,047
Provision for credit losses	$116
Total noninterest expense	$3,615
Salaries and employee benefits	$1,675
Premises and equipment expense	$459
Additional noninterest expense	$1,481
Applicable income taxes	$-41
Net charge-offs	$422
Cash dividends	$0

Bristol Morgan Bank's interest expense for loans was $1,047,000.
Bristol Morgan Bank's payroll and benefits expense were $1,675,000.
Bristol Morgan Bank's property, plant and equipment expenses $459,000.

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	0.0%
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	$92,258
Deposits held in domestic offices	$92,258
Deposits by Individuals, partnerships, and corporations	$85,439
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$5,824
Deposits by Commercial banks and other depository institutions in U.S.	$995
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$27,403
Demand deposits	$15,616
Nontransaction accounts	$64,855
Money market deposit accounts (MMDAs)	$16,038
Other savings deposits (excluding MMDAs)	$11,609
Total time deposits	$37,209
Total time and savings deposits	$76,642
Noninterest-bearing deposits	$15,468
Interest-bearing deposits	$76,791
Retail deposits	$80,679
IRAs and Keogh plan accounts	$4,862
Brokered deposits	$2,289
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$112,254
Cash & Balances due from depository institutions	$15,641
Interest-bearing balances	$12,161
Total securities	$14,140
Federal funds sold & reverse repurchase	$10,682
Net loans and leases	$65,526
Loan and leases loss allowance	$616
Trading account assets	$0
Bank premises and fixed assets	$3,118
Other real estate owned	$70
Goodwill and other intangibles	$76
All other assets	$3,001

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$112,254
Total Liabilities	$100,795
Total deposits	$92,258
Interest-bearing deposits	$76,791
Deposits held in domestic offices	$92,258
% insured (estimated)	$84
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$8,000
Subordinated debt	$0
All other liabilities	$537

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$65,526
Loan and leases loss allowance	$616
Total loans and leases (domestic)	$66,142
All real estate loans	$50,524
Real estate loans in domestic offices	$50,524
Construction and development loans	$5,224
Residential 1-4 family construction	$2,118
Other construction, all land development and other land	$3,106
Loans secured by nonfarm nonresidential properties	$15,594
Nonfarm nonresidential secured by owner-occupied properties	$13,545
Commercial real estate & other non-farm, non-residential	$2,049
Multifamily residential real estate	$1,926
1-4 family residential loans	$20,432
Farmland loans	$7,348
Loans held in foreign offices	$0
Farm loans	$1,125
Commercial and industrial loans	$10,661
To non-U.S. addressees	$0
Loans to individuals	$2,266
Credit card loans	$363
Related Plans	$12
Consumer Auto Loans	$1,359
Other loans to individuals	$532
All other loans & leases	$1,566
Loans to foreign governments and official institutions	$0
Other loans	$172
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	$1,813
Non 1-4 family restructured loans & leases	$1,813
Total loans and leases (foreign)	$0

Bristol Morgan Bank had $65,526,000 of loans outstanding in 2019. $50,524,000 of loans were in real estate loans. $5,224,000 of loans were in development loans. $1,926,000 of loans were in multifamily mortgage loans. $20,432,000 of loans were in 1-4 family mortgage loans. $1,125,000 of loans were in farm loans. $363,000 of loans were in credit card loans. $1,359,000 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	50	$9,526	$190,520
Nonfarm, nonresidential loans - <$100k	13	$572	$44,000
Nonfarm, nonresidential loans - $100-250k	22	$2,511	$114,136
Nonfarm, nonresidential loans - $250k-1MM	15	$6,443	$429,533
Commercial & Industrial, US addressed loans - <$1MM	69	$5,151	$74,652
Commercial & Industrial, US addressed loans - <$100k	44	$958	$21,773
Commercial & Industrial, US addressed loans - $100-250k	13	$1,302	$100,154
Commercial & Industrial, US addressed loans - $250k-1MM	12	$2,891	$240,917
Farmland loans - <$1MM	35	$4,356	$124,457
Farmland loans - <$100k	12	$408	$34,000
Farmland loans - $100-250k	12	$1,389	$115,750
Farmland loans - $250k-1MM	11	$2,559	$232,636
Agriculture operations loans - <$1MM	35	$1,125	$32,143
Agriculture operations loans - <$100k	28	$387	$13,821
Agriculture operations loans - $100-250k	6	$570	$95,000
Agriculture operations loans - $250k-1MM	1	$168	$168,000