Cleveland State Bank Mortgage Rates, Fees & Info

Cleveland, WI

LEI: 549300O3HNZKCYCYJK98

Tax ID: 39-0214170

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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

    Cleveland State Bank is a smaller bank specializing in Refi, Home Purchase, and Cash Out 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 10 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.

    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

    203

    Origination Dollar Volume (All Markets)

    $30,325,000

    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) 124 $18,700,000 $150,806 $0 0.00%
    Manitowoc, WI (FHA|USDA|VA) 50 $7,700,000 $154,000 $0 0.00%
    APPLETON, WI (FHA|USDA|VA) 8 $1,270,000 $158,750 $0 0.00%
    GREEN BAY, WI (FHA|USDA|VA) 7 $1,065,000 $152,143 $0 0.00%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 3 $525,000 $175,000 $0 0.00%
    Outside of Metro Areas 5 $475,000 $95,000 $0 0.00%
    Marinette, WI-MI (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $190,000 $95,000 $0 0.00%
    MADISON, WI (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Iron Mountain, MI-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 203 $30,325,000 $149,384 $0 0.00%

    For 2019, Cleveland State Bank's most frequently originated type of loan was Conventional, with 203 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 70 $11,920,000 $170,286 $0 0.00%
    Home Purchase 62 $8,360,000 $134,839 $0 0.00%
    Cash Out Refi 49 $9,095,000 $185,612 $0 0.00%
    Other 13 $585,000 $45,000 $0 0.00%
    Home Improvement 9 $365,000 $40,556 $0 0.00%

    For 2019, Cleveland State Bank's most frequently cited loan purpose was Refi, with 70 originations. The 2nd most popular reason was Home Purchase, with 62 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 203 $30,325,000 $149,384 $0 0.00%

    For 2019, Cleveland State Bank's most frequently cited loan duration was Other, with 203 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 89 $13,575,000 $152,528 $0 0.00%
    $100,000 or less 70 $3,890,000 $55,571 $0 0.00%
    $200k-400k 40 $10,150,000 $253,750 $0 0.00%
    $400k-600k 3 $1,355,000 $451,667 $0 0.00%
    $1MM+ 1 $1,355,000 $1,355,000 $0 0.00%

    2019 saw Cleveland State Bank place emphasis on $100k-200k loans with 89 originations, totaling $13,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 46 $7,980,000 $173,478 $0 0.00%
    $50k-75k 41 $5,185,000 $126,463 $0 0.00%
    $75k-100k 40 $5,410,000 $135,250 $0 0.00%
    $50k or less 21 $2,105,000 $100,238 $0 0.00%
    $150k-250k 16 $3,280,000 $205,000 $0 0.00%
    $250k+ 5 $1,065,000 $213,000 $0 0.00%

    Cleveland State Bank lent most frequently to those with incomes in the $100k-150k range, with 46 originations. The second most popular income band? $50k-75k, with 41 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 203 $30,325,000 $149,384 $0 0.00%

    Cleveland State Bank lent most frequently to those with DTI ratios of Exempt%, with 203 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 177 $26,395,000 $149,124 $0 0.00%
    Not applicable 26 $3,930,000 $151,154 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.07%

    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
    95.57%

    Cleveland State 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 203 $30,325,000 $149,384

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $2,610,000 $326,250
    Single Family (1-4 Units):Manufactured 2 $260,000 $130,000
    Single Family (1-4 Units):Site-Built 193 $27,455,000 $142,254

    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 $76,183
    Cleveland State Bank 502 South Wisconsin Drive Howards Grove, WI 53083 Full Service B&M $32,717

    For 2019, Cleveland State Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,603
    Net interest income $4,576
    Total noninterest income $1,576
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $120
    Trading account gains and fees $0
    Additional Noninterest Income $1,456
    Pre-tax net operating income $2,071
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,599
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,599
    Minority interest net income $0
    Net income $1,599
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,599

    Cleveland State Bank's gross interest income from loans was $5,603,000.
    Cleveland State Bank's net interest income from loans was $4,576,000.
    Cleveland State Bank's fee based income from loans was $120,000.
    Cleveland State Bank's net income from loans was $1,599,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,027
    Provision for credit losses $45
    Total noninterest expense $4,036
    Salaries and employee benefits $2,325
    Premises and equipment expense $275
    Additional noninterest expense $1,436
    Applicable income taxes $472
    Net charge-offs $9
    Cash dividends $343

    Cleveland State Bank's interest expense for loans was $1,027,000.
    Cleveland State Bank's payroll and benefits expense were $2,325,000.
    Cleveland State Bank's property, plant and equipment expenses $275,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    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 4.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 2.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $108,453
    Deposits held in domestic offices $108,453
    Deposits by Individuals, partnerships, and corporations $82,001
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $12,670
    Deposits by Commercial banks and other depository institutions in U.S. $13,782
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $33,646
    Demand deposits $33,436
    Nontransaction accounts $74,807
    Money market deposit accounts (MMDAs) $36,242
    Other savings deposits (excluding MMDAs) $10,527
    Total time deposits $28,038
    Total time and savings deposits $75,017
    Noninterest-bearing deposits $29,963
    Interest-bearing deposits $78,490
    Retail deposits $100,464
    IRAs and Keogh plan accounts $4,317
    Brokered deposits $5,591
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $129,175
    Cash & Balances due from depository institutions $7,230
    Interest-bearing balances $1,704
    Total securities $29,782
    Federal funds sold & reverse repurchase $0
    Net loans and leases $86,269
    Loan and leases loss allowance $1,032
    Trading account assets $0
    Bank premises and fixed assets $1,672
    Other real estate owned $40
    Goodwill and other intangibles $548
    All other assets $3,634

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $129,174
    Total Liabilities $114,685
    Total deposits $108,453
    Interest-bearing deposits $78,490
    Deposits held in domestic offices $108,453
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $1,225
    Trading liabilities $0
    Other borrowed funds $3,700
    Subordinated debt $0
    All other liabilities $1,307

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $86,269
    Loan and leases loss allowance $1,032
    Total loans and leases (domestic) $87,301
    All real estate loans $66,871
    Real estate loans in domestic offices $66,871
    Construction and development loans $3,984
    Residential 1-4 family construction $3,154
    Other construction, all land development and other land $830
    Loans secured by nonfarm nonresidential properties $13,613
    Nonfarm nonresidential secured by owner-occupied properties $9,628
    Commercial real estate & other non-farm, non-residential $3,985
    Multifamily residential real estate $636
    1-4 family residential loans $34,802
    Farmland loans $13,836
    Loans held in foreign offices $0
    Farm loans $4,704
    Commercial and industrial loans $7,685
    To non-U.S. addressees $0
    Loans to individuals $7,195
    Credit card loans $63
    Related Plans $0
    Consumer Auto Loans $3,898
    Other loans to individuals $3,234
    All other loans & leases $847
    Loans to foreign governments and official institutions $0
    Other loans $43
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $830
    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 $86,269,000 of loans outstanding in 2019. $66,871,000 of loans were in real estate loans. $3,984,000 of loans were in development loans. $636,000 of loans were in multifamily mortgage loans. $34,802,000 of loans were in 1-4 family mortgage loans. $4,704,000 of loans were in farm loans. $63,000 of loans were in credit card loans. $3,898,000 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 81 $11,236 $138,716
    Nonfarm, nonresidential loans - <$100k 33 $1,719 $52,091
    Nonfarm, nonresidential loans - $100-250k 30 $3,893 $129,767
    Nonfarm, nonresidential loans - $250k-1MM 18 $5,624 $312,444
    Commercial & Industrial, US addressed loans - <$1MM 131 $5,635 $43,015
    Commercial & Industrial, US addressed loans - <$100k 111 $3,060 $27,568
    Commercial & Industrial, US addressed loans - $100-250k 14 $1,330 $95,000
    Commercial & Industrial, US addressed loans - $250k-1MM 6 $1,245 $207,500
    Farmland loans - <$1MM 60 $12,599 $209,983
    Farmland loans - <$100k 14 $701 $50,071
    Farmland loans - $100-250k 29 $4,498 $155,103
    Farmland loans - $250k-1MM 17 $7,400 $435,294
    Agriculture operations loans - <$1MM 78 $4,704 $60,308
    Agriculture operations loans - <$100k 59 $1,896 $32,136
    Agriculture operations loans - $100-250k 14 $1,517 $108,357
    Agriculture operations loans - $250k-1MM 5 $1,291 $258,200