Hiawatha National Bank Mortgage Rates, Fees & Info

Hager City, WI

LEI: 549300K3JILC7UMYWR39

Tax ID: 39-0153770

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Mortgage Data

Bank Data

Review & Overview

Hiawatha National Bank is a smaller bank specializing in Home Purchase loans. Hiawatha National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Chicago, Austin, Sheboygan, and Eau Claire among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

Hiawatha National 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.

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Originations

146

Origination Dollar Volume (All Markets)

$26,760,000

Employee count

47

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
Outside of Metro Areas 79 $12,705,000 $160,823 $0 0.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 51 $10,575,000 $207,353 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $735,000 $245,000 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
SHEBOYGAN, WI (FHA|USDA|VA) 2 $380,000 $190,000 $0 0.00%
EAU CLAIRE, WI (FHA|USDA|VA) 2 $350,000 $175,000 $0 0.00%
Red Wing, MN (FHA|USDA|VA) 2 $250,000 $125,000 $0 0.00%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
TUCSON, AZ (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
ST. CLOUD, MN (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Hiawatha National Bank's top markets include Minneapolis, Chicago, Austin, Sheboygan, and Eau Claire among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 146 $26,760,000 $183,288 $0 0.00%

    For 2018, Hiawatha National Bank's most frequently originated type of loan was Conventional, with 146 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 96 $19,250,000 $200,521 $0 0.00%
    Cash Out Refi 34 $4,480,000 $131,765 $0 0.00%
    Refi 13 $2,435,000 $187,308 $0 0.00%
    Home Improvement 3 $595,000 $198,333 $0 0.00%

    For 2018, Hiawatha National Bank's most frequently cited loan purpose was Home Purchase, with 96 originations. The 2nd most popular reason was Cash Out Refi, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 146 $26,760,000 $183,288 $0 0.00%

    For 2018, Hiawatha National Bank's most frequently cited loan duration was Other, with 146 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 60 $8,730,000 $145,500 $0 0.00%
    $200k-400k 50 $12,890,000 $257,800 $0 0.00%
    $100,000 or less 29 $2,045,000 $70,517 $0 0.00%
    $400k-600k 7 $3,095,000 $442,143 $0 0.00%

    2018 saw Hiawatha National Bank place emphasis on $100k-200k loans with 60 originations, totaling $8,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 36 $6,110,000 $169,722 $0 0.00%
    $75k-100k 35 $5,735,000 $163,857 $0 0.00%
    $100k-150k 30 $6,960,000 $232,000 $0 0.00%
    $150k-250k 20 $4,410,000 $220,500 $0 0.00%
    $50k or less 18 $2,030,000 $112,778 $0 0.00%
    $250k+ 5 $1,095,000 $219,000 $0 0.00%

    Hiawatha National Bank lent most frequently to those with incomes in the $50k-75k range, with 36 originations. The second most popular income band? $75k-100k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 146 $26,760,000 $183,288 $0 0.00%

    Hiawatha National Bank lent most frequently to those with DTI ratios of Exempt%, with 146 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 128 $23,450,000 $183,203 $0 0.00%
    Not provided 15 $2,745,000 $183,000 $0 0.00%
    Not applicable 2 $420,000 $210,000 $0 0.00%
    American Indian 1 $145,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.38%

    Hiawatha National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.58%

    Hiawatha National 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 146 $26,760,000 $183,288

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 6 $620,000 $103,333
    Single Family (1-4 Units):Site-Built 140 $26,140,000 $186,714

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Hiawatha National Bank 220 East Oak Street Glenwood City, WI 54013 Full Service B&M $78,782
    Hiawatha National Bank 2212 Crest View Drive Hudson, WI 54016 Full Service B&M $12,323
    Hiawatha National Bank 409 S Cascade Street Osceola, WI 54020 Full Service B&M $28,069
    Hiawatha National Bank N 1555 770th Street Hager City, WI 54014 Full Service B&M $27,545
    Hiawatha National Bank W3532 Main Street, Highway 35 Maiden Rock, WI 54750 Full Service B&M $13,416

    For 2018, Hiawatha National Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,148
    Net interest income $7,136
    Total noninterest income $1,663
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $178
    Trading account gains and fees $0
    Additional Noninterest Income $1,485
    Pre-tax net operating income $2,344
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,782
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,782
    Minority interest net income $0
    Net income $1,782
    Sale, conversion, retirement of capital stock, net $59
    Net operating income $1,782

    Hiawatha National Bank's gross interest income from loans was $9,148,000.
    Hiawatha National Bank's net interest income from loans was $7,136,000.
    Hiawatha National Bank's fee based income from loans was $178,000.
    Hiawatha National Bank's net income from loans was $1,782,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,012
    Provision for credit losses $185
    Total noninterest expense $6,270
    Salaries and employee benefits $3,702
    Premises and equipment expense $553
    Additional noninterest expense $2,015
    Applicable income taxes $562
    Net charge-offs $90
    Cash dividends $600

    Hiawatha National Bank's interest expense for loans was $2,012,000.
    Hiawatha National Bank's payroll and benefits expense were $3,702,000.
    Hiawatha National Bank's property, plant and equipment expenses $553,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    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 $165,424
    Deposits held in domestic offices $165,424
    Deposits by Individuals, partnerships, and corporations $157,988
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $7,436
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $55,786
    Demand deposits $34,622
    Nontransaction accounts $109,638
    Money market deposit accounts (MMDAs) $39,743
    Other savings deposits (excluding MMDAs) $21,856
    Total time deposits $48,039
    Total time and savings deposits $130,802
    Noninterest-bearing deposits $34,622
    Interest-bearing deposits $130,802
    Retail deposits $133,097
    IRAs and Keogh plan accounts $6,315
    Brokered deposits $29,785
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $210,352
    Cash & Balances due from depository institutions $9,359
    Interest-bearing balances $5,062
    Total securities $31,709
    Federal funds sold & reverse repurchase $373
    Net loans and leases $160,053
    Loan and leases loss allowance $1,547
    Trading account assets $0
    Bank premises and fixed assets $3,811
    Other real estate owned $0
    Goodwill and other intangibles $2,139
    All other assets $2,908

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $210,352
    Total Liabilities $188,397
    Total deposits $165,424
    Interest-bearing deposits $130,802
    Deposits held in domestic offices $165,424
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $22,000
    Subordinated debt $0
    All other liabilities $973

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $160,053
    Loan and leases loss allowance $1,547
    Total loans and leases (domestic) $161,600
    All real estate loans $124,921
    Real estate loans in domestic offices $124,921
    Construction and development loans $12,254
    Residential 1-4 family construction $4,251
    Other construction, all land development and other land $8,003
    Loans secured by nonfarm nonresidential properties $61,075
    Nonfarm nonresidential secured by owner-occupied properties $42,918
    Commercial real estate & other non-farm, non-residential $18,157
    Multifamily residential real estate $2,094
    1-4 family residential loans $31,760
    Farmland loans $17,738
    Loans held in foreign offices $0
    Farm loans $4,877
    Commercial and industrial loans $27,673
    To non-U.S. addressees $0
    Loans to individuals $2,253
    Credit card loans $0
    Related Plans $123
    Consumer Auto Loans $489
    Other loans to individuals $1,641
    All other loans & leases $1,876
    Loans to foreign governments and official institutions $0
    Other loans $71
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $397
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,691
    Non 1-4 family restructured loans & leases $2,602
    Total loans and leases (foreign) $0

    Hiawatha National Bank had $160,053,000 of loans outstanding in 2018. $124,921,000 of loans were in real estate loans. $12,254,000 of loans were in development loans. $2,094,000 of loans were in multifamily mortgage loans. $31,760,000 of loans were in 1-4 family mortgage loans. $4,877,000 of loans were in farm loans. $0 of loans were in credit card loans. $489,000 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 186 $35,160 $189,032
    Nonfarm, nonresidential loans - <$100k 54 $1,946 $36,037
    Nonfarm, nonresidential loans - $100-250k 58 $7,569 $130,500
    Nonfarm, nonresidential loans - $250k-1MM 74 $25,645 $346,554
    Commercial & Industrial, US addressed loans - <$1MM 260 $25,060 $96,385
    Commercial & Industrial, US addressed loans - <$100k 165 $5,214 $31,600
    Commercial & Industrial, US addressed loans - $100-250k 40 $4,595 $114,875
    Commercial & Industrial, US addressed loans - $250k-1MM 55 $15,251 $277,291
    Farmland loans - <$1MM 64 $9,725 $151,953
    Farmland loans - <$100k 21 $941 $44,810
    Farmland loans - $100-250k 27 $3,895 $144,259
    Farmland loans - $250k-1MM 16 $4,889 $305,563
    Agriculture operations loans - <$1MM 74 $3,577 $48,338
    Agriculture operations loans - <$100k 54 $1,038 $19,222
    Agriculture operations loans - $100-250k 14 $1,367 $97,643
    Agriculture operations loans - $250k-1MM 6 $1,172 $195,333