Chippewa Valley Bank Mortgage Rates, Fees & Info

Hayward, WI

LEI: 549300MPDN3KQZW68M43

Tax ID: 39-0207260

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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

    Chippewa Valley Bank is a smaller bank specializing in Home Purchase and Refi loans. Chippewa Valley Bank has a high proportion of conventional loans. Their top markets by origination volume include: Duluth, Milwaukee, Tampa, Eau Claire, and Wausau among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Chippewa Valley 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.

    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

    128

    Origination Dollar Volume (All Markets)

    $14,750,000

    Employee count

    88

    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 112 $12,300,000 $109,821 $0 0.00%
    DULUTH, MN-WI (FHA|USDA|VA) 11 $1,575,000 $143,182 $0 0.00%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Chippewa Valley Bank's top markets include Duluth, Milwaukee, Tampa, Eau Claire, and Wausau among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 128 $14,750,000 $115,234 $0 0.00%

    For 2019, Chippewa Valley Bank's most frequently originated type of loan was Conventional, with 128 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 70 $9,420,000 $134,571 $0 0.00%
    Refi 39 $4,265,000 $109,359 $0 0.00%
    Home Improvement 16 $940,000 $58,750 $0 0.00%
    Other 3 $125,000 $41,667 $0 0.00%

    For 2019, Chippewa Valley Bank's most frequently cited loan purpose was Home Purchase, with 70 originations. The 2nd most popular reason was Refi, with 39 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 128 $14,750,000 $115,234 $0 0.00%

    For 2019, Chippewa Valley Bank's most frequently cited loan duration was Other, with 128 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 67 $3,785,000 $56,493 $0 0.00%
    $100k-200k 49 $7,025,000 $143,367 $0 0.00%
    $200k-400k 9 $2,565,000 $285,000 $0 0.00%
    $400k-600k 3 $1,375,000 $458,333 $0 0.00%

    2019 saw Chippewa Valley Bank place emphasis on $100,000 or less loans with 67 originations, totaling $3,785,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 29 $2,645,000 $91,207 $0 0.00%
    $50k or less 27 $2,095,000 $77,593 $0 0.00%
    $75k-100k 23 $2,515,000 $109,348 $0 0.00%
    $100k-150k 18 $2,640,000 $146,667 $0 0.00%
    $150k-250k 11 $1,705,000 $155,000 $0 0.00%
    $250k+ 3 $945,000 $315,000 $0 0.00%

    Chippewa Valley Bank lent most frequently to those with incomes in the $50k-75k range, with 29 originations. The second most popular income band? $50k or less, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 128 $14,750,000 $115,234 $0 0.00%

    Chippewa Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 128 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 105 $11,525,000 $109,762 $0 0.00%
    Not applicable 13 $1,865,000 $143,462 $0 0.00%
    American Indian 7 $685,000 $97,857 $0 0.00%
    Not provided 3 $675,000 $225,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.17%

    Chippewa Valley Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.38%

    Chippewa Valley Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 128 $14,750,000 $115,234

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $45,000 $45,000
    Multifamily:Site-Built 6 $1,310,000 $218,333
    Single Family (1-4 Units):Manufactured 12 $750,000 $62,500
    Single Family (1-4 Units):Site-Built 109 $12,645,000 $116,009

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Chippewa Valley Bank 607 Main Street Bruce, WI 54819 Full Service B&M $95,026
    Chippewa Valley Bank 104 Washington Avenue Washburn, WI 54891 Full Service B&M $3,764
    Chippewa Valley Bank 10609 W Omaha Street Radisson, WI 54867 Full Service B&M $7,817
    Chippewa Valley Bank 117 South Broad Street Bayfield, WI 54814 Full Service B&M $14,817
    Chippewa Valley Bank 13365 N Us Hwy 51 Hurley, WI 54534 Full Service B&M $13,560
    Chippewa Valley Bank 1508 Lake Shore Drive W Ashland, WI 54806 Full Service B&M $24,032
    Chippewa Valley Bank 15755 W County Road B Hayward, WI 54843 Full Service B&M $44,569
    Chippewa Valley Bank 2820 East 2nd Street Superior, WI 54880 Full Service B&M $30,752
    Chippewa Valley Bank 43480 Kavanaugh Road Cable, WI 54821 Full Service B&M $16,626
    Chippewa Valley Bank 50490 State Highway 27 Barnes, WI 54873 Full Service B&M $7,272
    Chippewa Valley Bank 5150 North Main Street Winter, WI 54896 Full Service B&M $24,694
    Chippewa Valley Bank 52485 Wisconsin Avenue Drummond, WI 54832 Full Service B&M $11,847
    Chippewa Valley Bank 602 Peacepipe Lane Lac Du Flambeau, WI 54538 Full Service B&M $36,639
    Chippewa Valley Bank 68240 S. Main Street Iron River, WI 54847 Full Service B&M $13,429
    Chippewa Valley Bank 6882 S Lake Avenue Lake Nebagamon, WI 54849 Full Service B&M $6,792
    Chippewa Valley Bank W14334 Hwy 8 - Po Box 256 Weyerhaeuser, WI 54895 Full Service B&M $5,289

    For 2019, Chippewa Valley Bank had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,543
    Net interest income $16,385
    Total noninterest income $1,224
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $666
    Trading account gains and fees $0
    Additional Noninterest Income $558
    Pre-tax net operating income $6,803
    Securities gains (or losses, -) $0
    Income before extraordinary items $6,315
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,315
    Minority interest net income $0
    Net income $6,315
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,315

    Chippewa Valley Bank's gross interest income from loans was $20,543,000.
    Chippewa Valley Bank's net interest income from loans was $16,385,000.
    Chippewa Valley Bank's fee based income from loans was $666,000.
    Chippewa Valley Bank's net income from loans was $6,315,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,158
    Provision for credit losses $300
    Total noninterest expense $10,506
    Salaries and employee benefits $6,357
    Premises and equipment expense $1,379
    Additional noninterest expense $2,770
    Applicable income taxes $488
    Net charge-offs $-64
    Cash dividends $3,826

    Chippewa Valley Bank's interest expense for loans was $4,158,000.
    Chippewa Valley Bank's payroll and benefits expense were $6,357,000.
    Chippewa Valley Bank's property, plant and equipment expenses $1,379,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 1.0%
    Nonfarm, nonresidential loans 2.0%
    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 2.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $364,412
    Deposits held in domestic offices $364,412
    Deposits by Individuals, partnerships, and corporations $257,232
    Deposits by U.S. Government $490
    Deposits by States and political subdivisions in the U.S. $61,464
    Deposits by Commercial banks and other depository institutions in U.S. $45,226
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $138,433
    Demand deposits $70,709
    Nontransaction accounts $225,979
    Money market deposit accounts (MMDAs) $41,329
    Other savings deposits (excluding MMDAs) $66,348
    Total time deposits $118,302
    Total time and savings deposits $293,703
    Noninterest-bearing deposits $70,709
    Interest-bearing deposits $293,703
    Retail deposits $330,922
    IRAs and Keogh plan accounts $11,806
    Brokered deposits $17,338
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $452,156
    Cash & Balances due from depository institutions $33,027
    Interest-bearing balances $23,742
    Total securities $38,659
    Federal funds sold & reverse repurchase $1,525
    Net loans and leases $365,853
    Loan and leases loss allowance $3,419
    Trading account assets $0
    Bank premises and fixed assets $7,441
    Other real estate owned $147
    Goodwill and other intangibles $998
    All other assets $4,506

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $452,156
    Total Liabilities $412,919
    Total deposits $364,412
    Interest-bearing deposits $293,703
    Deposits held in domestic offices $364,412
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $15,750
    Trading liabilities $0
    Other borrowed funds $32,575
    Subordinated debt $0
    All other liabilities $182

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $365,853
    Loan and leases loss allowance $3,419
    Total loans and leases (domestic) $369,272
    All real estate loans $221,911
    Real estate loans in domestic offices $221,911
    Construction and development loans $36,931
    Residential 1-4 family construction $5,043
    Other construction, all land development and other land $31,888
    Loans secured by nonfarm nonresidential properties $65,475
    Nonfarm nonresidential secured by owner-occupied properties $53,972
    Commercial real estate & other non-farm, non-residential $11,503
    Multifamily residential real estate $18,830
    1-4 family residential loans $92,233
    Farmland loans $8,442
    Loans held in foreign offices $0
    Farm loans $53
    Commercial and industrial loans $36,344
    To non-U.S. addressees $0
    Loans to individuals $1,931
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $494
    Other loans to individuals $1,437
    All other loans & leases $109,033
    Loans to foreign governments and official institutions $0
    Other loans $87,183
    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 $549
    Non 1-4 family restructured loans & leases $204
    Total loans and leases (foreign) $0

    Chippewa Valley Bank had $365,853,000 of loans outstanding in 2019. $221,911,000 of loans were in real estate loans. $36,931,000 of loans were in development loans. $18,830,000 of loans were in multifamily mortgage loans. $92,233,000 of loans were in 1-4 family mortgage loans. $53,000 of loans were in farm loans. $0 of loans were in credit card loans. $494,000 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 310 $43,298 $139,671
    Nonfarm, nonresidential loans - <$100k 149 $5,822 $39,074
    Nonfarm, nonresidential loans - $100-250k 100 $13,968 $139,680
    Nonfarm, nonresidential loans - $250k-1MM 61 $23,508 $385,377
    Commercial & Industrial, US addressed loans - <$1MM 225 $19,489 $86,618
    Commercial & Industrial, US addressed loans - <$100k 163 $3,350 $20,552
    Commercial & Industrial, US addressed loans - $100-250k 22 $2,281 $103,682
    Commercial & Industrial, US addressed loans - $250k-1MM 40 $13,858 $346,450
    Farmland loans - <$1MM 26 $2,534 $97,462
    Farmland loans - <$100k 17 $580 $34,118
    Farmland loans - $100-250k 7 $1,134 $162,000
    Farmland loans - $250k-1MM 2 $820 $410,000
    Agriculture operations loans - <$1MM 4 $53 $13,250
    Agriculture operations loans - <$100k 4 $53 $13,250