Chippewa Valley Bank Mortgage Rates, Fees & Info

Hayward, WI

LEI: 549300MPDN3KQZW68M43

Tax ID: 39-0207260

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

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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, Olympia, Tampa, and Eau Claire among others. We have data for 5 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

    124

    Origination Dollar Volume (All Markets)

    $14,780,000

    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 112 $13,130,000 $117,232 $0 0.00%
    DULUTH, MN-WI (FHA|USDA|VA) 9 $1,045,000 $116,111 $0 0.00%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Chippewa Valley Bank's top markets include Duluth, Olympia, Tampa, and Eau Claire among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 124 $14,780,000 $119,194 $0 0.00%

    For 2021, Chippewa Valley Bank's most frequently originated type of loan was Conventional, with 124 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 70 $8,950,000 $127,857 $0 0.00%
    Refi 36 $4,350,000 $120,833 $0 0.00%
    Home Improvement 10 $610,000 $61,000 $0 0.00%
    Other 8 $870,000 $108,750 $0 0.00%

    For 2021, Chippewa Valley Bank's most frequently cited loan purpose was Home Purchase, with 70 originations. The 2nd most popular reason was Refi, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 124 $14,780,000 $119,194 $0 0.00%

    For 2021, Chippewa Valley Bank's most frequently cited loan duration was Other, with 124 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 67 $3,755,000 $56,045 $0 0.00%
    $100k-200k 36 $5,100,000 $141,667 $0 0.00%
    $200k-400k 20 $5,500,000 $275,000 $0 0.00%
    $400k-600k 1 $425,000 $425,000 $0 0.00%

    2021 saw Chippewa Valley Bank place emphasis on $100,000 or less loans with 67 originations, totaling $3,755,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 30 $1,850,000 $61,667 $0 0.00%
    $75k-100k 28 $3,760,000 $134,286 $0 0.00%
    $50k-75k 16 $1,430,000 $89,375 $0 0.00%
    $100k-150k 14 $1,870,000 $133,571 $0 0.00%
    $150k-250k 9 $2,025,000 $225,000 $0 0.00%
    $250k+ 4 $830,000 $207,500 $0 0.00%

    Chippewa Valley Bank lent most frequently to those with incomes in the $50k or less range, with 30 originations. The second most popular income band? $75k-100k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 124 $14,780,000 $119,194 $0 0.00%

    Chippewa Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 124 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 93 $10,615,000 $114,140 $0 0.00%
    Not applicable 21 $2,965,000 $141,190 $0 0.00%
    Not provided 3 $735,000 $245,000 $0 0.00%
    American Indian 7 $465,000 $66,429 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.41%

    Chippewa Valley Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.87%

    Chippewa Valley Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 124 $14,780,000 $119,194

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    124 $14,780,000 $119,194

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Chippewa Valley Bank 104 Washington Avenue Washburn, WI 54891 Full Service B&M $6,377
    Chippewa Valley Bank 10609 W Omaha Street Radisson, WI 54867 Full Service B&M $11,501
    Chippewa Valley Bank 117 South Broad Street Bayfield, WI 54814 Full Service B&M $25,222
    Chippewa Valley Bank 13365 N Us Hwy 51 Hurley, WI 54534 Full Service B&M $24,300
    Chippewa Valley Bank 1508 Lake Shore Drive W Ashland, WI 54806 Full Service B&M $35,069
    Chippewa Valley Bank 15755 W County Road B Hayward, WI 54843 Full Service B&M $116,762
    Chippewa Valley Bank 2820 East 2nd Street Superior, WI 54880 Full Service B&M $44,593
    Chippewa Valley Bank 43480 Kavanaugh Road Cable, WI 54821 Full Service B&M $21,977
    Chippewa Valley Bank 50490 State Highway 27 Barnes, WI 54873 Full Service B&M $8,627
    Chippewa Valley Bank 5150 North Main Street Winter, WI 54896 Full Service B&M $34,503
    Chippewa Valley Bank 52485 Wisconsin Avenue Drummond, WI 54832 Full Service B&M $12,381
    Chippewa Valley Bank 602 Peacepipe Lane Lac Du Flambeau, WI 54538 Full Service B&M $59,731
    Chippewa Valley Bank 607 Main Street Bruce, WI 54819 Full Service B&M $135,271
    Chippewa Valley Bank 68240 S. Main Street Iron River, WI 54847 Full Service B&M $23,645
    Chippewa Valley Bank 6882 S Lake Avenue Lake Nebagamon, WI 54849 Full Service B&M $10,887
    Chippewa Valley Bank W14334 Hwy 8 - Po Box 256 Weyerhaeuser, WI 54895 Full Service B&M $6,805

    For 2021, Chippewa Valley Bank had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $19,355
    Net interest income $16,186
    Total noninterest income $1,519
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $529
    Trading account gains and fees $0
    Additional Noninterest Income $990
    Pre-tax net operating income $6,463
    Securities gains (or losses, -) $0
    Income before extraordinary items $5,923
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,923
    Minority interest net income $0
    Net income $5,923
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,923

    Chippewa Valley Bank's gross interest income from loans was $19,355,000.
    Chippewa Valley Bank's net interest income from loans was $16,186,000.
    Chippewa Valley Bank's fee based income from loans was $529,000.
    Chippewa Valley Bank's net income from loans was $5,923,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,169
    Provision for credit losses $225
    Total noninterest expense $11,017
    Salaries and employee benefits $6,718
    Premises and equipment expense $1,301
    Additional noninterest expense $2,998
    Applicable income taxes $540
    Net charge-offs $72
    Cash dividends $3,156

    Chippewa Valley Bank's interest expense for loans was $3,169,000.
    Chippewa Valley Bank's payroll and benefits expense were $6,718,000.
    Chippewa Valley Bank's property, plant and equipment expenses $1,301,000.

    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 $504,107
    Deposits held in domestic offices $504,107
    Deposits by Individuals, partnerships, and corporations $417,357
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $48,907
    Deposits by Commercial banks and other depository institutions in U.S. $37,842
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $189,298
    Demand deposits $108,462
    Nontransaction accounts $314,809
    Money market deposit accounts (MMDAs) $60,241
    Other savings deposits (excluding MMDAs) $118,253
    Total time deposits $136,315
    Total time and savings deposits $395,645
    Noninterest-bearing deposits $108,462
    Interest-bearing deposits $395,645
    Retail deposits $439,615
    IRAs and Keogh plan accounts $10,924
    Brokered deposits $45,226
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $669,658
    Cash & Balances due from depository institutions $106,430
    Interest-bearing balances $102,233
    Total securities $121,887
    Federal funds sold & reverse repurchase $5,936
    Net loans and leases $422,299
    Loan and leases loss allowance $3,881
    Trading account assets $0
    Bank premises and fixed assets $7,097
    Other real estate owned $18
    Goodwill and other intangibles $682
    All other assets $5,309

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $669,658
    Total Liabilities $619,751
    Total deposits $504,107
    Interest-bearing deposits $395,645
    Deposits held in domestic offices $504,107
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $74,250
    Trading liabilities $0
    Other borrowed funds $41,043
    Subordinated debt $0
    All other liabilities $351

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $422,299
    Loan and leases loss allowance $3,881
    Total loans and leases (domestic) $426,180
    All real estate loans $195,601
    Real estate loans in domestic offices $195,601
    Construction and development loans $27,566
    Residential 1-4 family construction $5,414
    Other construction, all land development and other land $22,152
    Loans secured by nonfarm nonresidential properties $62,072
    Nonfarm nonresidential secured by owner-occupied properties $48,770
    Commercial real estate & other non-farm, non-residential $13,302
    Multifamily residential real estate $19,037
    1-4 family residential loans $77,060
    Farmland loans $9,866
    Loans held in foreign offices $0
    Farm loans $87
    Commercial and industrial loans $53,616
    To non-U.S. addressees $0
    Loans to individuals $1,738
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $630
    Other loans to individuals $1,108
    All other loans & leases $175,138
    Loans to foreign governments and official institutions $0
    Other loans $159,027
    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 $207
    Non 1-4 family restructured loans & leases $207
    Total loans and leases (foreign) $0

    Chippewa Valley Bank had $422,299,000 of loans outstanding in 2021. $195,601,000 of loans were in real estate loans. $27,566,000 of loans were in development loans. $19,037,000 of loans were in multifamily mortgage loans. $77,060,000 of loans were in 1-4 family mortgage loans. $87,000 of loans were in farm loans. $0 of loans were in credit card loans. $630,000 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 275 $43,056 $156,567
    Nonfarm, nonresidential loans - <$100k 110 $5,064 $46,036
    Nonfarm, nonresidential loans - $100-250k 98 $13,999 $142,847
    Nonfarm, nonresidential loans - $250k-1MM 67 $23,993 $358,104
    Commercial & Industrial, US addressed loans - <$1MM 171 $14,328 $83,789
    Commercial & Industrial, US addressed loans - <$100k 127 $2,746 $21,622
    Commercial & Industrial, US addressed loans - $100-250k 22 $2,361 $107,318
    Commercial & Industrial, US addressed loans - $250k-1MM 22 $9,221 $419,136
    Farmland loans - <$1MM 25 $2,648 $105,920
    Farmland loans - <$100k 16 $576 $36,000
    Farmland loans - $100-250k 7 $1,117 $159,571
    Farmland loans - $250k-1MM 2 $955 $477,500
    Agriculture operations loans - <$1MM 1 $87 $87,000
    Agriculture operations loans - <$100k 1 $87 $87,000