Advantage Community Bank Mortgage Rates, Fees & Info

Dorchester, WI

LEI: 549300MF8JIZIIW4OI72

Tax ID: 39-0247300

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

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Advantage Community Bank is a smaller bank specializing in Refi and Home Purchase loans. Advantage Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wausau, Green Bay, Stevens Point, Shawano, and Appleton among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Advantage Community 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.

    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.


    Originations

    112

    Origination Dollar Volume (All Markets)

    $19,620,000

    Employee count

    27

    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
    WAUSAU-WESTON, WI (FHA|USDA|VA) 92 $13,540,000 $147,174 $0 0.00%
    Outside of Metro Areas 13 $3,385,000 $260,385 $0 0.00%
    GREEN BAY, WI (FHA|USDA|VA) 1 $1,025,000 $1,025,000 $0 0.00%
    Stevens Point, WI (FHA|USDA|VA) 3 $885,000 $295,000 $0 0.00%
    Shawano, WI (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
    APPLETON, WI (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    MADISON, WI (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Advantage Community Bank's top markets include Wausau, Green Bay, Stevens Point, Shawano, and Appleton among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 112 $19,620,000 $175,179 $0 0.00%

    For 2019, Advantage Community Bank's most frequently originated type of loan was Conventional, with 112 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 45 $9,625,000 $213,889 $0 0.00%
    Home Purchase 40 $6,850,000 $171,250 $0 0.00%
    Cash Out Refi 13 $2,245,000 $172,692 $0 0.00%
    Home Improvement 7 $395,000 $56,429 $0 0.00%
    Other 7 $505,000 $72,143 $0 0.00%

    For 2019, Advantage Community Bank's most frequently cited loan purpose was Refi, with 45 originations. The 2nd most popular reason was Home Purchase, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 112 $19,620,000 $175,179 $0 0.00%

    For 2019, Advantage Community Bank's most frequently cited loan duration was Other, with 112 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 45 $6,425,000 $142,778 $0 0.00%
    $100,000 or less 34 $2,110,000 $62,059 $0 0.00%
    $200k-400k 26 $6,450,000 $248,077 $0 0.00%
    $400k-600k 4 $1,760,000 $440,000 $0 0.00%
    $1MM+ 2 $2,030,000 $1,015,000 $0 0.00%
    $600k-1MM 1 $845,000 $845,000 $0 0.00%

    2019 saw Advantage Community Bank place emphasis on $100k-200k loans with 45 originations, totaling $6,425,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 29 $4,525,000 $156,034 $0 0.00%
    $100k-150k 27 $3,925,000 $145,370 $0 0.00%
    $150k-250k 20 $3,490,000 $174,500 $0 0.00%
    $50k-75k 13 $1,345,000 $103,462 $0 0.00%
    $250k+ 6 $1,990,000 $331,667 $0 0.00%
    $50k or less 6 $380,000 $63,333 $0 0.00%

    Advantage Community Bank lent most frequently to those with incomes in the $75k-100k range, with 29 originations. The second most popular income band? $100k-150k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 112 $19,620,000 $175,179 $0 0.00%

    Advantage Community Bank lent most frequently to those with DTI ratios of Exempt%, with 112 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 98 $15,310,000 $156,224 $0 0.00%
    Not applicable 11 $3,965,000 $360,455 $0 0.00%
    Not provided 2 $270,000 $135,000 $0 0.00%
    American Indian 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.50%

    Advantage 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
    95.54%

    Advantage Community 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 112 $19,620,000 $175,179

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $3,265,000 $653,000
    Single Family (1-4 Units):Manufactured 2 $70,000 $35,000
    Single Family (1-4 Units):Site-Built 105 $16,285,000 $155,095

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Advantage Community Bank 101 W Business County Road A Dorchester, WI 54425 Full Service B&M $29,055
    Advantage Community Bank 1220 Western Avenue Mosinee, WI 54455 Full Service B&M $15,181
    Advantage Community Bank 210 North 17th Avenue Wausau, WI 54401 Full Service B&M $40,763
    Advantage Community Bank 325 S Third Avenue Edgar, WI 54426 Full Service B&M $37,907

    For 2019, Advantage Community Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,581
    Net interest income $4,814
    Total noninterest income $623
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $62
    Trading account gains and fees $0
    Additional Noninterest Income $561
    Pre-tax net operating income $2,334
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,812
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,812
    Minority interest net income $0
    Net income $1,812
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,812

    Advantage Community Bank's gross interest income from loans was $5,581,000.
    Advantage Community Bank's net interest income from loans was $4,814,000.
    Advantage Community Bank's fee based income from loans was $62,000.
    Advantage Community Bank's net income from loans was $1,812,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $767
    Provision for credit losses $0
    Total noninterest expense $3,103
    Salaries and employee benefits $1,917
    Premises and equipment expense $543
    Additional noninterest expense $643
    Applicable income taxes $522
    Net charge-offs $-2
    Cash dividends $1,025

    Advantage Community Bank's interest expense for loans was $767,000.
    Advantage Community Bank's payroll and benefits expense were $1,917,000.
    Advantage Community Bank's property, plant and equipment expenses $543,000.

    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 $131,846
    Deposits held in domestic offices $131,846
    Deposits by Individuals, partnerships, and corporations $120,985
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $10,858
    Deposits by Commercial banks and other depository institutions in U.S. $3
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $43,071
    Demand deposits $20,576
    Nontransaction accounts $88,775
    Money market deposit accounts (MMDAs) $22,225
    Other savings deposits (excluding MMDAs) $39,379
    Total time deposits $27,171
    Total time and savings deposits $111,270
    Noninterest-bearing deposits $20,560
    Interest-bearing deposits $111,286
    Retail deposits $128,595
    IRAs and Keogh plan accounts $9,299
    Brokered deposits $1,205
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $155,121
    Cash & Balances due from depository institutions $26,672
    Interest-bearing balances $22,850
    Total securities $26,196
    Federal funds sold & reverse repurchase $2,136
    Net loans and leases $93,036
    Loan and leases loss allowance $1,160
    Trading account assets $0
    Bank premises and fixed assets $2,017
    Other real estate owned $0
    Goodwill and other intangibles $778
    All other assets $4,286

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $155,121
    Total Liabilities $135,367
    Total deposits $131,846
    Interest-bearing deposits $111,286
    Deposits held in domestic offices $131,846
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,950
    Subordinated debt $0
    All other liabilities $1,571

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $93,036
    Loan and leases loss allowance $1,160
    Total loans and leases (domestic) $94,196
    All real estate loans $70,294
    Real estate loans in domestic offices $70,294
    Construction and development loans $5,341
    Residential 1-4 family construction $2,711
    Other construction, all land development and other land $2,630
    Loans secured by nonfarm nonresidential properties $22,525
    Nonfarm nonresidential secured by owner-occupied properties $12,855
    Commercial real estate & other non-farm, non-residential $9,670
    Multifamily residential real estate $4,757
    1-4 family residential loans $25,947
    Farmland loans $11,724
    Loans held in foreign offices $0
    Farm loans $6,666
    Commercial and industrial loans $13,330
    To non-U.S. addressees $0
    Loans to individuals $3,351
    Credit card loans $0
    Related Plans $1
    Consumer Auto Loans $1,986
    Other loans to individuals $1,364
    All other loans & leases $555
    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

    Advantage Community Bank had $93,036,000 of loans outstanding in 2019. $70,294,000 of loans were in real estate loans. $5,341,000 of loans were in development loans. $4,757,000 of loans were in multifamily mortgage loans. $25,947,000 of loans were in 1-4 family mortgage loans. $6,666,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,986,000 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 104 $16,409 $157,779
    Nonfarm, nonresidential loans - <$100k 34 $1,042 $30,647
    Nonfarm, nonresidential loans - $100-250k 33 $3,500 $106,061
    Nonfarm, nonresidential loans - $250k-1MM 37 $11,867 $320,730
    Commercial & Industrial, US addressed loans - <$1MM 140 $11,418 $81,557
    Commercial & Industrial, US addressed loans - <$100k 94 $2,070 $22,021
    Commercial & Industrial, US addressed loans - $100-250k 25 $2,617 $104,680
    Commercial & Industrial, US addressed loans - $250k-1MM 21 $6,731 $320,524
    Farmland loans - <$1MM 73 $7,684 $105,260
    Farmland loans - <$100k 31 $1,072 $34,581
    Farmland loans - $100-250k 27 $2,738 $101,407
    Farmland loans - $250k-1MM 15 $3,874 $258,267
    Agriculture operations loans - <$1MM 81 $4,483 $55,346
    Agriculture operations loans - <$100k 58 $1,345 $23,190
    Agriculture operations loans - $100-250k 19 $1,717 $90,368
    Agriculture operations loans - $250k-1MM 4 $1,421 $355,250