Cleveland State Bank Mortgage Rates, Fees & Info

Cleveland, WI

LEI: 549300O3HNZKCYCYJK98

Tax ID: 39-0214170

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Mortgage Data

Bank Data

Review & Overview

Cleveland State Bank is a smaller bank specializing in Home Purchase and Refi loans. Cleveland State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Sheboygan, Manitowoc, Appleton, Green Bay, and Milwaukee among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

Cleveland State 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.

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Originations

178

Origination Dollar Volume (All Markets)

$18,410,000

Employee count

29

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
SHEBOYGAN, WI (FHA|USDA|VA) 97 $10,725,000 $110,567 $0 0.00%
Manitowoc, WI (FHA|USDA|VA) 58 $5,640,000 $97,241 $0 0.00%
APPLETON, WI (FHA|USDA|VA) 11 $895,000 $81,364 $0 0.00%
Outside of Metro Areas 3 $405,000 $135,000 $0 0.00%
GREEN BAY, WI (FHA|USDA|VA) 3 $345,000 $115,000 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Shawano, WI (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Beaver Dam, WI (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Iron Mountain, MI-WI (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
FOND DU LAC, WI (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
Cleveland State Bank's top markets include Sheboygan, Manitowoc, Appleton, Green Bay, and Milwaukee among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 178 $18,410,000 $103,427 $0 0.00%

    For 2018, Cleveland State Bank's most frequently originated type of loan was Conventional, with 178 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 64 $8,640,000 $135,000 $0 0.00%
    Refi 48 $4,820,000 $100,417 $0 0.00%
    Home Improvement 27 $1,285,000 $47,593 $0 0.00%
    Other 26 $1,690,000 $65,000 $0 0.00%
    Cash Out Refi 13 $1,975,000 $151,923 $0 0.00%

    For 2018, Cleveland State Bank's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Refi, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 178 $18,410,000 $103,427 $0 0.00%

    For 2018, Cleveland State Bank's most frequently cited loan duration was Other, with 178 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 110 $5,600,000 $50,909 $0 0.00%
    $100k-200k 49 $7,435,000 $151,735 $0 0.00%
    $200k-400k 19 $5,375,000 $282,895 $0 0.00%

    2018 saw Cleveland State Bank place emphasis on $100,000 or less loans with 110 originations, totaling $5,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 36 $3,720,000 $103,333 $0 0.00%
    $100k-150k 27 $3,435,000 $127,222 $0 0.00%
    $50k or less 27 $2,375,000 $87,963 $0 0.00%
    $75k-100k 27 $2,975,000 $110,185 $0 0.00%
    $150k-250k 15 $2,025,000 $135,000 $0 0.00%
    $250k+ 7 $895,000 $127,857 $0 0.00%

    Cleveland State Bank lent most frequently to those with incomes in the $50k-75k range, with 36 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% 178 $18,410,000 $103,427 $0 0.00%

    Cleveland State Bank lent most frequently to those with DTI ratios of Exempt%, with 178 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 141 $15,335,000 $108,759 $0 0.00%
    Not applicable 34 $2,550,000 $75,000 $0 0.00%
    American Indian 1 $295,000 $295,000 $0 0.00%
    Asian 1 $175,000 $175,000 $0 0.00%
    Not provided 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.95%

    Cleveland State 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
    94.38%

    Cleveland State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 178 $18,410,000 $103,427

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $85,000 $28,333
    Single Family (1-4 Units):Site-Built 175 $18,325,000 $104,714

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Cleveland State Bank 1250 West Washington Avenue Cleveland, WI 53015 Full Service B&M $66,476
    Cleveland State Bank 502 South Wisconsin Drive Howards Grove, WI 53083 Full Service B&M $30,289

    For 2018, Cleveland State Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,779
    Net interest income $4,119
    Total noninterest income $1,031
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $103
    Trading account gains and fees $0
    Additional Noninterest Income $928
    Pre-tax net operating income $1,211
    Securities gains (or losses, -) $0
    Income before extraordinary items $956
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $956
    Minority interest net income $0
    Net income $956
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $956

    Cleveland State Bank's gross interest income from loans was $4,779,000.
    Cleveland State Bank's net interest income from loans was $4,119,000.
    Cleveland State Bank's fee based income from loans was $103,000.
    Cleveland State Bank's net income from loans was $956,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $660
    Provision for credit losses $0
    Total noninterest expense $3,939
    Salaries and employee benefits $2,208
    Premises and equipment expense $311
    Additional noninterest expense $1,420
    Applicable income taxes $255
    Net charge-offs $68
    Cash dividends $281

    Cleveland State Bank's interest expense for loans was $660,000.
    Cleveland State Bank's payroll and benefits expense were $2,208,000.
    Cleveland State Bank's property, plant and equipment expenses $311,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    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 5.0%
    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 $102,759
    Deposits held in domestic offices $102,759
    Deposits by Individuals, partnerships, and corporations $80,529
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $12,432
    Deposits by Commercial banks and other depository institutions in U.S. $9,798
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $28,980
    Demand deposits $28,870
    Nontransaction accounts $73,779
    Money market deposit accounts (MMDAs) $34,372
    Other savings deposits (excluding MMDAs) $9,669
    Total time deposits $29,738
    Total time and savings deposits $73,889
    Noninterest-bearing deposits $25,619
    Interest-bearing deposits $77,140
    Retail deposits $90,723
    IRAs and Keogh plan accounts $4,096
    Brokered deposits $10,341
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $122,386
    Cash & Balances due from depository institutions $5,216
    Interest-bearing balances $2,929
    Total securities $33,150
    Federal funds sold & reverse repurchase $0
    Net loans and leases $77,583
    Loan and leases loss allowance $995
    Trading account assets $0
    Bank premises and fixed assets $1,768
    Other real estate owned $331
    Goodwill and other intangibles $429
    All other assets $3,909

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $122,385
    Total Liabilities $110,154
    Total deposits $102,759
    Interest-bearing deposits $77,140
    Deposits held in domestic offices $102,759
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $6,100
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,295

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $77,583
    Loan and leases loss allowance $995
    Total loans and leases (domestic) $78,578
    All real estate loans $59,120
    Real estate loans in domestic offices $59,120
    Construction and development loans $2,479
    Residential 1-4 family construction $1,771
    Other construction, all land development and other land $708
    Loans secured by nonfarm nonresidential properties $9,461
    Nonfarm nonresidential secured by owner-occupied properties $8,465
    Commercial real estate & other non-farm, non-residential $996
    Multifamily residential real estate $417
    1-4 family residential loans $32,949
    Farmland loans $13,814
    Loans held in foreign offices $0
    Farm loans $4,469
    Commercial and industrial loans $8,460
    To non-U.S. addressees $0
    Loans to individuals $5,567
    Credit card loans $80
    Related Plans $0
    Consumer Auto Loans $3,194
    Other loans to individuals $2,293
    All other loans & leases $963
    Loans to foreign governments and official institutions $0
    Other loans $114
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $708
    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

    Cleveland State Bank had $77,583,000 of loans outstanding in 2018. $59,120,000 of loans were in real estate loans. $2,479,000 of loans were in development loans. $417,000 of loans were in multifamily mortgage loans. $32,949,000 of loans were in 1-4 family mortgage loans. $4,469,000 of loans were in farm loans. $80,000 of loans were in credit card loans. $3,194,000 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 83 $8,739 $105,289
    Nonfarm, nonresidential loans - <$100k 35 $1,087 $31,057
    Nonfarm, nonresidential loans - $100-250k 29 $2,702 $93,172
    Nonfarm, nonresidential loans - $250k-1MM 19 $4,950 $260,526
    Commercial & Industrial, US addressed loans - <$1MM 665 $6,340 $9,534
    Commercial & Industrial, US addressed loans - <$100k 626 $3,360 $5,367
    Commercial & Industrial, US addressed loans - $100-250k 25 $1,385 $55,400
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $1,595 $113,929
    Farmland loans - <$1MM 76 $12,682 $166,868
    Farmland loans - <$100k 20 $869 $43,450
    Farmland loans - $100-250k 34 $4,108 $120,824
    Farmland loans - $250k-1MM 22 $7,705 $350,227
    Agriculture operations loans - <$1MM 119 $4,469 $37,555
    Agriculture operations loans - <$100k 100 $1,830 $18,300
    Agriculture operations loans - $100-250k 13 $1,346 $103,538
    Agriculture operations loans - $250k-1MM 6 $1,293 $215,500