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

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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: Oshkosh, Appleton, Fond Du Lac, Green Bay, and Manitowoc among others. We have data for 11 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

    302

    Origination Dollar Volume (All Markets)

    $54,120,000

    Employee count

    28

    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
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 105 $17,495,000 $166,619 $0 0.00%
    APPLETON, WI (FHA|USDA|VA) 57 $11,605,000 $203,596 $0 0.00%
    FOND DU LAC, WI (FHA|USDA|VA) 59 $11,215,000 $190,085 $0 0.00%
    GREEN BAY, WI (FHA|USDA|VA) 46 $7,630,000 $165,870 $0 0.00%
    Outside of Metro Areas 14 $2,800,000 $200,000 $0 0.00%
    Manitowoc, WI (FHA|USDA|VA) 10 $1,110,000 $111,000 $0 0.00%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 3 $755,000 $251,667 $0 0.00%
    Beaver Dam, WI (FHA|USDA|VA) 2 $490,000 $245,000 $0 0.00%
    SHEBOYGAN, WI (FHA|USDA|VA) 4 $430,000 $107,500 $0 0.00%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    Bristol Morgan Bank's top markets include Oshkosh, Appleton, Fond Du Lac, Green Bay, and Manitowoc among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 302 $54,120,000 $179,205 $0 0.00%

    For 2021, Bristol Morgan Bank's most frequently originated type of loan was Conventional, with 302 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 193 $32,135,000 $166,503 $0 0.00%
    Cash Out Refi 62 $15,160,000 $244,516 $0 0.00%
    Home Improvement 23 $2,825,000 $122,826 $0 0.00%
    Refi 23 $3,725,000 $161,957 $0 0.00%
    Other 1 $275,000 $275,000 $0 0.00%

    For 2021, Bristol Morgan Bank's most frequently cited loan purpose was Home Purchase, with 193 originations. The 2nd most popular reason was Cash Out Refi, with 62 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 302 $54,120,000 $179,205 $0 0.00%

    For 2021, Bristol Morgan Bank's most frequently cited loan duration was Other, with 302 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 132 $17,250,000 $130,682 $0 0.00%
    $100,000 or less 101 $7,865,000 $77,871 $0 0.00%
    $200k-400k 49 $13,265,000 $270,714 $0 0.00%
    $600k-1MM 8 $5,830,000 $728,750 $0 0.00%
    $1MM+ 6 $7,210,000 $1,201,667 $0 0.00%
    $400k-600k 6 $2,700,000 $450,000 $0 0.00%

    2021 saw Bristol Morgan Bank place emphasis on $100k-200k loans with 132 originations, totaling $17,250,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 20 $2,370,000 $118,500 $0 0.00%
    $150k-250k 11 $2,595,000 $235,909 $0 0.00%
    $50k-75k 11 $1,425,000 $129,545 $0 0.00%
    $50k or less 10 $870,000 $87,000 $0 0.00%
    $75k-100k 7 $1,105,000 $157,857 $0 0.00%
    $250k+ 5 $1,765,000 $353,000 $0 0.00%

    Bristol Morgan Bank lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $150k-250k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 302 $54,120,000 $179,205 $0 0.00%

    Bristol Morgan Bank lent most frequently to those with DTI ratios of Exempt%, with 302 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 238 $43,990,000 $184,832 $0 0.00%
    White 62 $10,030,000 $161,774 $0 0.00%
    Not provided 2 $100,000 $50,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.36%

    Bristol Morgan Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    97.68%

    Bristol Morgan Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 302 $54,120,000 $179,205

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    302 $54,120,000 $179,205

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Brightfunders, LLC VA mortgage Closing on a mortgage 2 5.4%
    Brightfunders, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 10 27.0%
    Brightfunders, LLC Conventional home mortgage Closing on a mortgage 3 8.1%
    Brightfunders, LLC Conventional home mortgage Trouble during payment process 9 24.3%
    Brightfunders, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 3 8.1%
    Brightfunders, LLC FHA mortgage Trouble during payment process 1 2.7%
    Brightfunders, LLC Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 5.4%
    Brightfunders, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 3 8.1%
    Brightfunders, LLC Other type of mortgage Closing on a mortgage 2 5.4%
    Brightfunders, LLC Other type of mortgage Trouble during payment process 2 5.4%

    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 $72,790
    Bristol Morgan Bank 171 S Pioneer Road Fond Du Lac, WI 54936 Full Service B&M $22,131
    Bristol Morgan Bank 600 Clark Street Brandon, WI 53919 Full Service B&M $17,351
    Bristol Morgan Bank N9512 Van Dyne Road Van Dyne, WI 54979 Full Service B&M $13,276

    For 2021, Bristol Morgan Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,510
    Net interest income $5,465
    Total noninterest income $574
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $40
    Trading account gains and fees $0
    Additional Noninterest Income $534
    Pre-tax net operating income $1,239
    Securities gains (or losses, -) $12
    Income before extraordinary items $962
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $962
    Minority interest net income $0
    Net income $962
    Sale, conversion, retirement of capital stock, net $3
    Net operating income $952

    Bristol Morgan Bank's gross interest income from loans was $6,510,000.
    Bristol Morgan Bank's net interest income from loans was $5,465,000.
    Bristol Morgan Bank's fee based income from loans was $40,000.
    Bristol Morgan Bank's net income from loans was $962,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,045
    Provision for credit losses $520
    Total noninterest expense $4,280
    Salaries and employee benefits $2,133
    Premises and equipment expense $525
    Additional noninterest expense $1,622
    Applicable income taxes $289
    Net charge-offs $-3
    Cash dividends $0

    Bristol Morgan Bank's interest expense for loans was $1,045,000.
    Bristol Morgan Bank's payroll and benefits expense were $2,133,000.
    Bristol Morgan Bank's property, plant and equipment expenses $525,000.

    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 $137,907
    Deposits held in domestic offices $137,907
    Deposits by Individuals, partnerships, and corporations $122,843
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $12,080
    Deposits by Commercial banks and other depository institutions in U.S. $2,984
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $39,067
    Demand deposits $26,312
    Nontransaction accounts $98,840
    Money market deposit accounts (MMDAs) $19,960
    Other savings deposits (excluding MMDAs) $16,393
    Total time deposits $62,487
    Total time and savings deposits $111,595
    Noninterest-bearing deposits $26,313
    Interest-bearing deposits $111,594
    Retail deposits $101,383
    IRAs and Keogh plan accounts $4,918
    Brokered deposits $19,334
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $178,578
    Cash & Balances due from depository institutions $12,234
    Interest-bearing balances $2,037
    Total securities $15,519
    Federal funds sold & reverse repurchase $9
    Net loans and leases $144,268
    Loan and leases loss allowance $1,608
    Trading account assets $0
    Bank premises and fixed assets $3,008
    Other real estate owned $0
    Goodwill and other intangibles $65
    All other assets $3,475

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $178,578
    Total Liabilities $160,894
    Total deposits $137,907
    Interest-bearing deposits $111,594
    Deposits held in domestic offices $137,907
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $22,300
    Subordinated debt $0
    All other liabilities $687

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $144,268
    Loan and leases loss allowance $1,608
    Total loans and leases (domestic) $145,876
    All real estate loans $121,412
    Real estate loans in domestic offices $121,412
    Construction and development loans $22,425
    Residential 1-4 family construction $17,272
    Other construction, all land development and other land $5,153
    Loans secured by nonfarm nonresidential properties $26,666
    Nonfarm nonresidential secured by owner-occupied properties $19,048
    Commercial real estate & other non-farm, non-residential $7,618
    Multifamily residential real estate $7,882
    1-4 family residential loans $59,135
    Farmland loans $5,304
    Loans held in foreign offices $0
    Farm loans $636
    Commercial and industrial loans $15,529
    To non-U.S. addressees $0
    Loans to individuals $6,795
    Credit card loans $405
    Related Plans $8
    Consumer Auto Loans $6,218
    Other loans to individuals $164
    All other loans & leases $1,504
    Loans to foreign governments and official institutions $0
    Other loans $67
    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 $1,784
    Non 1-4 family restructured loans & leases $1,784
    Total loans and leases (foreign) $0

    Bristol Morgan Bank had $144,268,000 of loans outstanding in 2021. $121,412,000 of loans were in real estate loans. $22,425,000 of loans were in development loans. $7,882,000 of loans were in multifamily mortgage loans. $59,135,000 of loans were in 1-4 family mortgage loans. $636,000 of loans were in farm loans. $405,000 of loans were in credit card loans. $6,218,000 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 65 $17,789 $273,677
    Nonfarm, nonresidential loans - <$100k 10 $497 $49,700
    Nonfarm, nonresidential loans - $100-250k 22 $2,717 $123,500
    Nonfarm, nonresidential loans - $250k-1MM 33 $14,575 $441,667
    Commercial & Industrial, US addressed loans - <$1MM 67 $5,015 $74,851
    Commercial & Industrial, US addressed loans - <$100k 43 $820 $19,070
    Commercial & Industrial, US addressed loans - $100-250k 11 $1,105 $100,455
    Commercial & Industrial, US addressed loans - $250k-1MM 13 $3,090 $237,692
    Farmland loans - <$1MM 27 $2,857 $105,815
    Farmland loans - <$100k 11 $391 $35,545
    Farmland loans - $100-250k 6 $661 $110,167
    Farmland loans - $250k-1MM 10 $1,805 $180,500
    Agriculture operations loans - <$1MM 20 $618 $30,900
    Agriculture operations loans - <$100k 16 $207 $12,938
    Agriculture operations loans - $100-250k 4 $411 $102,750