Dmb Community Bank Mortgage Rates, Fees & Info

DeForest, WI

LEI: 549300LC0BP2X1F6BE13

Tax ID: 39-0238020

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

Review & Overview

Dmb Community Bank is a smaller bank specializing in Cash Out Refi, Refi, and Home Purchase loans. Dmb Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Milwaukee, Janesville, Green Bay, and Eau Claire among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

Dmb Community 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. Dmb Community 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.28%	12/16/24
30 Year Conventional Refi	5.98%	12/16/24
30 Year Cash-out Refi	6.24%	12/16/24
15 Year Conventional Purchase	6.74%	12/16/24
15 Year Conventional Refi	6.36%	12/16/24
15 Year Cash-out Refi	6.36%	12/16/24
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.

Dmb Community Bank Mortgage Calculator

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

Originations

410

Origination Dollar Volume (All Markets)

$183,830,000

Employee count

Awards

DMB Community Bank 30 Year Conventional Loans gold

DMB Community Bank 30 Year Conventional Loans silver

Show all (4) 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
MADISON, WI (FHA\|USDA\|VA)	345	$121,675,000	$352,681	$1,443	2.85%
MILWAUKEE-WAUKESHA, WI (FHA\|USDA\|VA)	16	$25,470,000	$1,591,875	$1,431	2.83%
Outside of Metro Areas	15	$9,915,000	$661,000	$1,756	2.71%
JANESVILLE-BELOIT, WI (FHA\|USDA\|VA)	7	$5,025,000	$717,857	$1,443	2.94%
GREEN BAY, WI (FHA\|USDA\|VA)	4	$4,930,000	$1,232,500	$1,467	2.72%
EAU CLAIRE, WI (FHA\|USDA\|VA)	3	$3,045,000	$1,015,000	$1,180	3.06%
Whitewater, WI (FHA\|USDA\|VA)	2	$2,970,000	$1,485,000	$0	3.43%
Beaver Dam, WI (FHA\|USDA\|VA)	6	$2,510,000	$418,333	$1,662	2.92%
WAUSAU-WESTON, WI (FHA\|USDA\|VA)	1	$2,005,000	$2,005,000	$0	3.00%
Baraboo, WI (FHA\|USDA\|VA)	3	$1,825,000	$608,333	$1,524	3.18%
RACINE, WI (FHA\|USDA\|VA)	1	$1,585,000	$1,585,000	$0	3.25%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	1	$1,215,000	$1,215,000	$0	3.35%
Watertown-Fort Atkinson, WI (FHA\|USDA\|VA)	3	$1,135,000	$378,333	$1,508	2.54%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA\|USDA\|VA)	1	$375,000	$375,000	$1,595	2.63%
OSHKOSH-NEENAH, WI (FHA\|USDA\|VA)	1	$115,000	$115,000	$1,968	3.00%
FOND DU LAC, WI (FHA\|USDA\|VA)	1	$35,000	$35,000	$1,276	4.00%

Dmb Community Bank's top markets include Madison, Milwaukee, Janesville, Green Bay, and Eau Claire among others.

Their top states include:

Wisconsin (FHA|USDA|VA)

Similar Lenders

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

DMB Community Bank
Similarity Rank: 400

Dane County Credit Union
Similarity Rank: 531

The Greenwood's State Bank
Similarity Rank: 625

Farmers & Merchants State Bank
Similarity Rank: 784

Monona Bank
Similarity Rank: 793

Hometown Bank
Similarity Rank: 798

The Park Bank
Similarity Rank: 819

Starion Bank
Similarity Rank: 900

State Bank of Cross Plains
Similarity Rank: 900

Badger Bank
Similarity Rank: 913

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	410	$183,830,000	$448,366	$1,460	2.85%

For 2021, Dmb Community Bank's most frequently originated type of loan was Conventional, with 410 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Cash Out Refi	173	$98,405,000	$568,815	$1,440	2.82%
Refi	160	$44,910,000	$280,688	$1,272	2.75%
Home Purchase	70	$39,630,000	$566,143	$2,077	3.13%
Home Improvement	7	$885,000	$126,429	$0	3.14%

For 2021, Dmb Community Bank's most frequently cited loan purpose was Cash Out Refi, with 173 originations. The 2nd most popular reason was Refi, with 160 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	138	$36,400,000	$263,768	$1,578	2.97%
15 Year	96	$24,330,000	$253,438	$1,414	2.25%
5 Year	57	$26,915,000	$472,193	$1,276	3.27%
Other	47	$60,675,000	$1,290,957	$904	3.55%
20 Year	37	$8,735,000	$236,081	$1,374	2.72%
10 Year	35	$26,775,000	$765,000	$1,440	2.56%

For 2021, Dmb Community Bank's most frequently cited loan duration was 30 Year, with 138 originations. The 2nd most popular length was 15 Year, with 96 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	283	$64,215,000	$226,908
$1k-2k	1	$365,000	$365,000

Dmb Community Bank's average total fees were $1,578, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 283 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
2.5-3%	148	$53,520,000	$361,622
<2.5%	130	$25,980,000	$199,846
3-4%	124	$103,320,000	$833,226
4-5%	4	$500,000	$125,000
5-6%	2	$440,000	$220,000
6-7%	2	$70,000	$35,000

During 2021, Dmb Community Bank's average interest rate for loans was 2.97%, while their most frequently originated rate bucket for loans was 2.5-3%, with 148 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	168	$46,290,000	$275,536	$1,525	2.84%
$100k-200k	127	$19,315,000	$152,087	$1,366	2.65%
$1MM+	36	$91,960,000	$2,554,444	$0	3.28%
$400k-600k	36	$16,840,000	$467,778	$1,768	2.91%
$100,000 or less	33	$2,335,000	$70,758	$1,234	3.00%
$600k-1MM	10	$7,090,000	$709,000	$0	3.37%

2021 saw Dmb Community Bank place emphasis on $200k-400k loans with 168 originations, totaling $46,290,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	72	$13,200,000	$183,333	$1,397	2.64%
$100k-150k	69	$17,155,000	$248,623	$1,504	2.66%
$75k-100k	59	$12,535,000	$212,458	$1,494	2.68%
$150k-250k	38	$12,280,000	$323,158	$1,761	2.76%
$50k or less	28	$3,370,000	$120,357	$1,261	3.19%
$250k+	17	$5,365,000	$315,588	$1,521	2.81%

Dmb Community Bank lent most frequently to those with incomes in the $50k-75k range, with 72 originations. The second most popular income band? $100k-150k, with 69 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	85	$17,295,000	$203,471	$1,484	2.65%
30-36%	71	$16,445,000	$231,620	$1,509	2.62%
<20%	33	$7,875,000	$238,636	$1,450	2.62%
39%	14	$3,780,000	$270,000	$1,510	2.65%
41%	14	$3,280,000	$234,286	$1,556	3.04%
40%	12	$2,940,000	$245,000	$1,412	2.77%
44%	11	$2,545,000	$231,364	$1,470	2.82%
42%	9	$2,205,000	$245,000	$1,599	2.75%
37%	8	$1,680,000	$210,000	$1,111	3.08%
43%	8	$2,330,000	$291,250	$1,503	2.64%
46%	7	$1,505,000	$215,000	$1,470	2.86%
38%	6	$1,470,000	$245,000	$1,242	2.67%
36%	6	$1,010,000	$168,333	$1,302	2.29%
45%	6	$1,670,000	$278,333	$1,328	2.65%
48%	5	$975,000	$195,000	$1,671	2.50%
49%	3	$535,000	$178,333	$1,584	2.83%
50-60%	3	$825,000	$275,000	$1,283	3.25%
47%	2	$320,000	$160,000	$1,104	3.19%
>60%	2	$460,000	$230,000	$0	5.00%

Dmb Community Bank lent most frequently to those with DTI ratios of 20-30%, with 85 originations. The next most common DTI ratio? 30-36%, with 71 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	99	$113,645,000	$1,147,929	$0	3.25%
White	213	$47,675,000	$223,826	$1,468	2.75%
Not provided	96	$21,940,000	$228,542	$1,455	2.64%
Asian	1	$545,000	$545,000	$1,777	2.25%
Black	1	$25,000	$25,000	$0	4.75%

Approval Rates

Total approvals of all applications
95.10%

Dmb Community 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
83.17%

Dmb Community Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	410	$183,830,000	$448,366

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	410	$183,830,000	$448,366

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	48	$14,810,000	$308,542	$1,286	2.68%
40-60%	123	$36,755,000	$298,821	$1,333	2.64%
60-80%	182	$94,640,000	$520,000	$1,587	2.93%
80-100%	38	$35,590,000	$936,579	$1,738	3.25%
Under 20%	19	$2,035,000	$107,105	$1,099	3.14%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Dmb Community Bank	321 North Main Street De Forest, WI 53532	Full Service B&M	$513,813

For 2021, Dmb Community Bank had 1 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$20,355
Net interest income	$18,694
Total noninterest income	$3,274
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$166
Trading account gains and fees	$0
Additional Noninterest Income	$3,108
Pre-tax net operating income	$10,882
Securities gains (or losses, -)	$220
Income before extraordinary items	$8,190
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$8,190
Minority interest net income	$0
Net income	$8,190
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$8,016

Dmb Community Bank's gross interest income from loans was $20,355,000.
Dmb Community Bank's net interest income from loans was $18,694,000.
Dmb Community Bank's fee based income from loans was $166,000.
Dmb Community Bank's net income from loans was $8,190,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,661
Provision for credit losses	$900
Total noninterest expense	$10,186
Salaries and employee benefits	$7,682
Premises and equipment expense	$544
Additional noninterest expense	$1,960
Applicable income taxes	$2,912
Net charge-offs	$-9
Cash dividends	$2,200

Dmb Community Bank's interest expense for loans was $1,661,000.
Dmb Community Bank's payroll and benefits expense were $7,682,000.
Dmb Community Bank's property, plant and equipment expenses $544,000.

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	$558,966
Deposits held in domestic offices	$558,966
Deposits by Individuals, partnerships, and corporations	$472,504
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$24,058
Deposits by Commercial banks and other depository institutions in U.S.	$62,404
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$82,991
Demand deposits	$64,675
Nontransaction accounts	$475,975
Money market deposit accounts (MMDAs)	$21,654
Other savings deposits (excluding MMDAs)	$150,135
Total time deposits	$304,186
Total time and savings deposits	$494,291
Noninterest-bearing deposits	$63,868
Interest-bearing deposits	$495,097
Retail deposits	$405,297
IRAs and Keogh plan accounts	$5,871
Brokered deposits	$122,113
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$645,966
Cash & Balances due from depository institutions	$10,956
Interest-bearing balances	$7,222
Total securities	$71,435
Federal funds sold & reverse repurchase	$704
Net loans and leases	$543,886
Loan and leases loss allowance	$7,544
Trading account assets	$0
Bank premises and fixed assets	$1,925
Other real estate owned	$0
Goodwill and other intangibles	$1,880
All other assets	$15,180

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$645,966
Total Liabilities	$573,700
Total deposits	$558,966
Interest-bearing deposits	$495,097
Deposits held in domestic offices	$558,966
% insured (estimated)	$85
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$11,000
Subordinated debt	$0
All other liabilities	$3,734

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$543,886
Loan and leases loss allowance	$7,544
Total loans and leases (domestic)	$551,430
All real estate loans	$538,475
Real estate loans in domestic offices	$538,475
Construction and development loans	$3,912
Residential 1-4 family construction	$136
Other construction, all land development and other land	$3,776
Loans secured by nonfarm nonresidential properties	$129,561
Nonfarm nonresidential secured by owner-occupied properties	$14,423
Commercial real estate & other non-farm, non-residential	$115,138
Multifamily residential real estate	$250,181
1-4 family residential loans	$121,842
Farmland loans	$32,979
Loans held in foreign offices	$0
Farm loans	$5,332
Commercial and industrial loans	$2,096
To non-U.S. addressees	$0
Loans to individuals	$1,913
Credit card loans	$585
Related Plans	$0
Consumer Auto Loans	$43
Other loans to individuals	$1,285
All other loans & leases	$3,614
Loans to foreign governments and official institutions	$0
Other loans	$0
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	$0
Non 1-4 family restructured loans & leases	$0
Total loans and leases (foreign)	$0

DMB Community Bank had $543,886,000 of loans outstanding in 2021. $538,475,000 of loans were in real estate loans. $3,912,000 of loans were in development loans. $250,181,000 of loans were in multifamily mortgage loans. $121,842,000 of loans were in 1-4 family mortgage loans. $5,332,000 of loans were in farm loans. $585,000 of loans were in credit card loans. $43,000 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	95	$25,669	$270,200
Nonfarm, nonresidential loans - <$100k	12	$438	$36,500
Nonfarm, nonresidential loans - $100-250k	29	$3,464	$119,448
Nonfarm, nonresidential loans - $250k-1MM	54	$21,767	$403,093
Commercial & Industrial, US addressed loans - <$1MM	31	$1,176	$37,935
Commercial & Industrial, US addressed loans - <$100k	20	$207	$10,350
Commercial & Industrial, US addressed loans - $100-250k	8	$469	$58,625
Commercial & Industrial, US addressed loans - $250k-1MM	3	$500	$166,667
Farmland loans - <$1MM	37	$6,183	$167,108
Farmland loans - <$100k	8	$278	$34,750
Farmland loans - $100-250k	12	$1,536	$128,000
Farmland loans - $250k-1MM	17	$4,369	$257,000
Agriculture operations loans - <$1MM	46	$2,309	$50,196
Agriculture operations loans - <$100k	30	$513	$17,100
Agriculture operations loans - $100-250k	9	$518	$57,556
Agriculture operations loans - $250k-1MM	7	$1,278	$182,571