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 Refi and Home Purchase loans. Chippewa Valley Bank has a high proportion of conventional loans. Their top two markets are Duluth and Wisconsin Rapids .

    Chippewa Valley 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.

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    Originations

    134

    Origination Dollar Volume (All Markets)

    $21,550,000

    Employee count

    85

    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 121 $19,625,000 $162,190 $0 0.00%
    DULUTH, MN-WI (FHA|USDA|VA) 12 $1,850,000 $154,167 $0 0.00%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Chippewa Valley Bank's top markets include Duluth and Wisconsin Rapids among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 134 $21,550,000 $160,821 $0 0.00%

    For 2020, Chippewa Valley Bank's most frequently originated type of loan was Conventional, with 134 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 65 $10,645,000 $163,769 $0 0.00%
    Home Purchase 57 $10,165,000 $178,333 $0 0.00%
    Home Improvement 6 $510,000 $85,000 $0 0.00%
    Other 6 $230,000 $38,333 $0 0.00%

    For 2020, Chippewa Valley Bank's most frequently cited loan purpose was Refi, with 65 originations. The 2nd most popular reason was Home Purchase, with 57 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 134 $21,550,000 $160,821 $0 0.00%

    For 2020, Chippewa Valley Bank's most frequently cited loan duration was Other, with 134 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 65 $3,365,000 $51,769 $0 0.00%
    $100k-200k 35 $4,835,000 $138,143 $0 0.00%
    $200k-400k 24 $6,390,000 $266,250 $0 0.00%
    $400k-600k 4 $1,780,000 $445,000 $0 0.00%
    $600k-1MM 4 $2,640,000 $660,000 $0 0.00%
    $1MM+ 2 $2,540,000 $1,270,000 $0 0.00%

    2020 saw Chippewa Valley Bank place emphasis on $100,000 or less loans with 65 originations, totaling $3,365,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 32 $5,190,000 $162,188 $0 0.00%
    $50k or less 29 $2,075,000 $71,552 $0 0.00%
    $50k-75k 26 $3,140,000 $120,769 $0 0.00%
    $75k-100k 12 $1,600,000 $133,333 $0 0.00%
    $150k-250k 11 $3,085,000 $280,455 $0 0.00%
    $250k+ 6 $2,380,000 $396,667 $0 0.00%

    Chippewa Valley Bank lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $50k or less, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 134 $21,550,000 $160,821 $0 0.00%

    Chippewa Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 134 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 114 $17,250,000 $151,316 $0 0.00%
    Not applicable 13 $3,655,000 $281,154 $0 0.00%
    Not provided 2 $370,000 $185,000 $0 0.00%
    American Indian 4 $250,000 $62,500 $0 0.00%
    Asian 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.57%

    Chippewa Valley Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.57%

    Chippewa Valley Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 134 $21,550,000 $160,821

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $2,440,000 $406,667
    Single Family (1-4 Units):Manufactured 16 $970,000 $60,625
    Single Family (1-4 Units):Site-Built 112 $18,140,000 $161,964

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Chippewa Valley Bank 104 Washington Avenue Washburn, WI 54891 Full Service B&M $5,312
    Chippewa Valley Bank 10609 W Omaha Street Radisson, WI 54867 Full Service B&M $9,219
    Chippewa Valley Bank 117 South Broad Street Bayfield, WI 54814 Full Service B&M $17,409
    Chippewa Valley Bank 13365 N Us Hwy 51 Hurley, WI 54534 Full Service B&M $18,497
    Chippewa Valley Bank 1508 Lake Shore Drive W Ashland, WI 54806 Full Service B&M $36,853
    Chippewa Valley Bank 15755 W County Road B Hayward, WI 54843 Full Service B&M $67,718
    Chippewa Valley Bank 2820 East 2nd Street Superior, WI 54880 Full Service B&M $35,984
    Chippewa Valley Bank 43480 Kavanaugh Road Cable, WI 54821 Full Service B&M $19,451
    Chippewa Valley Bank 50490 State Highway 27 Barnes, WI 54873 Full Service B&M $7,779
    Chippewa Valley Bank 5150 North Main Street Winter, WI 54896 Full Service B&M $27,587
    Chippewa Valley Bank 52485 Wisconsin Avenue Drummond, WI 54832 Full Service B&M $11,807
    Chippewa Valley Bank 602 Peacepipe Lane Lac Du Flambeau, WI 54538 Full Service B&M $36,190
    Chippewa Valley Bank 607 Main Street Bruce, WI 54819 Full Service B&M $132,914
    Chippewa Valley Bank 68240 S. Main Street Iron River, WI 54847 Full Service B&M $22,147
    Chippewa Valley Bank 6882 S Lake Avenue Lake Nebagamon, WI 54849 Full Service B&M $8,904
    Chippewa Valley Bank W14334 Hwy 8 - Po Box 256 Weyerhaeuser, WI 54895 Full Service B&M $6,100

    For 2020, Chippewa Valley Bank had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $21,349
    Net interest income $17,323
    Total noninterest income $1,492
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $550
    Trading account gains and fees $0
    Additional Noninterest Income $942
    Pre-tax net operating income $7,647
    Securities gains (or losses, -) $0
    Income before extraordinary items $6,909
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,909
    Minority interest net income $0
    Net income $6,909
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,909

    Chippewa Valley Bank's gross interest income from loans was $21,349,000.
    Chippewa Valley Bank's net interest income from loans was $17,323,000.
    Chippewa Valley Bank's fee based income from loans was $550,000.
    Chippewa Valley Bank's net income from loans was $6,909,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,026
    Provision for credit losses $325
    Total noninterest expense $10,843
    Salaries and employee benefits $6,709
    Premises and equipment expense $1,294
    Additional noninterest expense $2,840
    Applicable income taxes $738
    Net charge-offs $16
    Cash dividends $3,256

    Chippewa Valley Bank's interest expense for loans was $4,026,000.
    Chippewa Valley Bank's payroll and benefits expense were $6,709,000.
    Chippewa Valley Bank's property, plant and equipment expenses $1,294,000.

    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 $469,437
    Deposits held in domestic offices $469,437
    Deposits by Individuals, partnerships, and corporations $340,487
    Deposits by U.S. Government $10
    Deposits by States and political subdivisions in the U.S. $80,868
    Deposits by Commercial banks and other depository institutions in U.S. $48,072
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $197,184
    Demand deposits $89,875
    Nontransaction accounts $272,253
    Money market deposit accounts (MMDAs) $45,876
    Other savings deposits (excluding MMDAs) $79,932
    Total time deposits $146,445
    Total time and savings deposits $379,562
    Noninterest-bearing deposits $379,562
    Interest-bearing deposits $89,875
    Retail deposits $410,723
    IRAs and Keogh plan accounts $11,672
    Brokered deposits $44,144
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $589,029
    Cash & Balances due from depository institutions $93,317
    Interest-bearing balances $80,725
    Total securities $43,120
    Federal funds sold & reverse repurchase $4,680
    Net loans and leases $434,369
    Loan and leases loss allowance $3,728
    Trading account assets $0
    Bank premises and fixed assets $7,082
    Other real estate owned $18
    Goodwill and other intangibles $840
    All other assets $5,603

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $589,029
    Total Liabilities $543,139
    Total deposits $469,437
    Interest-bearing deposits $89,875
    Deposits held in domestic offices $469,437
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $28,250
    Trading liabilities $0
    Other borrowed funds $45,313
    Subordinated debt $0
    All other liabilities $139

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $434,369
    Loan and leases loss allowance $3,728
    Total loans and leases (domestic) $438,097
    All real estate loans $223,097
    Real estate loans in domestic offices $223,097
    Construction and development loans $40,845
    Residential 1-4 family construction $6,530
    Other construction, all land development and other land $34,315
    Loans secured by nonfarm nonresidential properties $61,997
    Nonfarm nonresidential secured by owner-occupied properties $49,914
    Commercial real estate & other non-farm, non-residential $12,083
    Multifamily residential real estate $25,427
    1-4 family residential loans $87,592
    Farmland loans $7,236
    Loans held in foreign offices $0
    Farm loans $32
    Commercial and industrial loans $68,023
    To non-U.S. addressees $0
    Loans to individuals $1,890
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $480
    Other loans to individuals $1,410
    All other loans & leases $145,055
    Loans to foreign governments and official institutions $0
    Other loans $123,304
    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 $245
    Non 1-4 family restructured loans & leases $245
    Total loans and leases (foreign) $0

    Chippewa Valley Bank had $434,369,000 of loans outstanding in 2020. $223,097,000 of loans were in real estate loans. $40,845,000 of loans were in development loans. $25,427,000 of loans were in multifamily mortgage loans. $87,592,000 of loans were in 1-4 family mortgage loans. $32,000 of loans were in farm loans. $0 of loans were in credit card loans. $480,000 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 296 $41,356 $139,716
    Nonfarm, nonresidential loans - <$100k 132 $5,484 $41,545
    Nonfarm, nonresidential loans - $100-250k 101 $14,042 $139,030
    Nonfarm, nonresidential loans - $250k-1MM 63 $21,830 $346,508
    Commercial & Industrial, US addressed loans - <$1MM 186 $16,036 $86,215
    Commercial & Industrial, US addressed loans - <$100k 138 $2,839 $20,572
    Commercial & Industrial, US addressed loans - $100-250k 22 $2,352 $106,909
    Commercial & Industrial, US addressed loans - $250k-1MM 26 $10,845 $417,115
    Farmland loans - <$1MM 31 $2,509 $80,935
    Farmland loans - <$100k 22 $719 $32,682
    Farmland loans - $100-250k 7 $1,032 $147,429
    Farmland loans - $250k-1MM 2 $758 $379,000
    Agriculture operations loans - <$1MM 4 $32 $8,000
    Agriculture operations loans - <$100k 4 $32 $8,000