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, Cash Out Refi, and Home Purchase loans. Cleveland State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Sheboygan, Manitowoc, Appleton, Green Bay, and Deltona among others. We have data for 16 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

    288

    Origination Dollar Volume (All Markets)

    $49,550,000

    Employee count

    34

    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) 190 $35,070,000 $184,579 $0 0.00%
    Manitowoc, WI (FHA|USDA|VA) 57 $7,625,000 $133,772 $0 0.00%
    APPLETON, WI (FHA|USDA|VA) 11 $1,555,000 $141,364 $0 0.00%
    GREEN BAY, WI (FHA|USDA|VA) 9 $1,085,000 $120,556 $0 0.00%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $640,000 $320,000 $0 0.00%
    MADISON, WI (FHA|USDA|VA) 3 $565,000 $188,333 $0 0.00%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $545,000 $545,000 $0 0.00%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $530,000 $265,000 $0 0.00%
    Outside of Metro Areas 3 $465,000 $155,000 $0 0.00%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 3 $385,000 $128,333 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
    FOND DU LAC, WI (FHA|USDA|VA) 2 $270,000 $135,000 $0 0.00%
    Marinette, WI-MI (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    Shawano, WI (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Beaver Dam, WI (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Cleveland State Bank's top markets include Sheboygan, Manitowoc, Appleton, Green Bay, and Deltona among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 288 $49,550,000 $172,049 $0 0.00%

    For 2021, Cleveland State Bank's most frequently originated type of loan was Conventional, with 288 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 113 $18,415,000 $162,965 $0 0.00%
    Cash Out Refi 106 $18,290,000 $172,547 $0 0.00%
    Home Purchase 55 $12,105,000 $220,091 $0 0.00%
    Other 8 $560,000 $70,000 $0 0.00%
    Home Improvement 6 $180,000 $30,000 $0 0.00%

    For 2021, Cleveland State Bank's most frequently cited loan purpose was Refi, with 113 originations. The 2nd most popular reason was Cash Out Refi, with 106 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 288 $49,550,000 $172,049 $0 0.00%

    For 2021, Cleveland State Bank's most frequently cited loan duration was Other, with 288 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 121 $17,565,000 $145,165 $0 0.00%
    $200k-400k 82 $21,870,000 $266,707 $0 0.00%
    $100,000 or less 74 $4,780,000 $64,595 $0 0.00%
    $400k-600k 11 $5,335,000 $485,000 $0 0.00%

    2021 saw Cleveland State Bank place emphasis on $100k-200k loans with 121 originations, totaling $17,565,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 84 $16,050,000 $191,071 $0 0.00%
    $75k-100k 57 $9,355,000 $164,123 $0 0.00%
    $50k-75k 41 $5,725,000 $139,634 $0 0.00%
    $150k-250k 35 $7,555,000 $215,857 $0 0.00%
    $50k or less 34 $3,660,000 $107,647 $0 0.00%
    $250k+ 11 $3,785,000 $344,091 $0 0.00%

    Cleveland State Bank lent most frequently to those with incomes in the $100k-150k range, with 84 originations. The second most popular income band? $75k-100k, with 57 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 288 $49,550,000 $172,049 $0 0.00%

    Cleveland State Bank lent most frequently to those with DTI ratios of Exempt%, with 288 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 261 $46,435,000 $177,912 $0 0.00%
    Not applicable 22 $2,200,000 $100,000 $0 0.00%
    Not provided 4 $850,000 $212,500 $0 0.00%
    Black 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.00%

    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
    96.88%

    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 288 $49,550,000 $172,049

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    288 $49,550,000 $172,049

    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 $91,021
    Cleveland State Bank 502 South Wisconsin Drive Howards Grove, WI 53083 Full Service B&M $53,858

    For 2021, Cleveland State Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,220
    Net interest income $5,694
    Total noninterest income $2,101
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $80
    Trading account gains and fees $0
    Additional Noninterest Income $2,021
    Pre-tax net operating income $2,985
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,282
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,282
    Minority interest net income $0
    Net income $2,282
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,282

    Cleveland State Bank's gross interest income from loans was $6,220,000.
    Cleveland State Bank's net interest income from loans was $5,694,000.
    Cleveland State Bank's fee based income from loans was $80,000.
    Cleveland State Bank's net income from loans was $2,282,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $526
    Provision for credit losses $0
    Total noninterest expense $4,810
    Salaries and employee benefits $2,859
    Premises and equipment expense $313
    Additional noninterest expense $1,638
    Applicable income taxes $703
    Net charge-offs $-34
    Cash dividends $619

    Cleveland State Bank's interest expense for loans was $526,000.
    Cleveland State Bank's payroll and benefits expense were $2,859,000.
    Cleveland State Bank's property, plant and equipment expenses $313,000.

    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 2.0%
    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 $150,254
    Deposits held in domestic offices $150,254
    Deposits by Individuals, partnerships, and corporations $119,754
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $13,005
    Deposits by Commercial banks and other depository institutions in U.S. $17,496
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $51,974
    Demand deposits $51,918
    Nontransaction accounts $98,281
    Money market deposit accounts (MMDAs) $56,539
    Other savings deposits (excluding MMDAs) $17,409
    Total time deposits $24,334
    Total time and savings deposits $98,337
    Noninterest-bearing deposits $45,529
    Interest-bearing deposits $104,725
    Retail deposits $144,477
    IRAs and Keogh plan accounts $4,353
    Brokered deposits $3,867
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $176,268
    Cash & Balances due from depository institutions $9,383
    Interest-bearing balances $3,583
    Total securities $60,791
    Federal funds sold & reverse repurchase $0
    Net loans and leases $97,588
    Loan and leases loss allowance $1,530
    Trading account assets $0
    Bank premises and fixed assets $2,696
    Other real estate owned $0
    Goodwill and other intangibles $557
    All other assets $5,253

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $176,268
    Total Liabilities $158,373
    Total deposits $150,254
    Interest-bearing deposits $104,725
    Deposits held in domestic offices $150,254
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $7,000
    Subordinated debt $0
    All other liabilities $1,119

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $97,588
    Loan and leases loss allowance $1,530
    Total loans and leases (domestic) $99,118
    All real estate loans $76,692
    Real estate loans in domestic offices $76,692
    Construction and development loans $6,913
    Residential 1-4 family construction $3,919
    Other construction, all land development and other land $2,994
    Loans secured by nonfarm nonresidential properties $26,612
    Nonfarm nonresidential secured by owner-occupied properties $16,595
    Commercial real estate & other non-farm, non-residential $10,017
    Multifamily residential real estate $578
    1-4 family residential loans $31,684
    Farmland loans $10,905
    Loans held in foreign offices $0
    Farm loans $2,957
    Commercial and industrial loans $13,304
    To non-U.S. addressees $0
    Loans to individuals $4,510
    Credit card loans $46
    Related Plans $0
    Consumer Auto Loans $3,150
    Other loans to individuals $1,314
    All other loans & leases $1,656
    Loans to foreign governments and official institutions $0
    Other loans $363
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,030
    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 $97,588,000 of loans outstanding in 2021. $76,692,000 of loans were in real estate loans. $6,913,000 of loans were in development loans. $578,000 of loans were in multifamily mortgage loans. $31,684,000 of loans were in 1-4 family mortgage loans. $2,957,000 of loans were in farm loans. $46,000 of loans were in credit card loans. $3,150,000 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 135 $25,269 $187,178
    Nonfarm, nonresidential loans - <$100k 47 $1,855 $39,468
    Nonfarm, nonresidential loans - $100-250k 47 $7,150 $152,128
    Nonfarm, nonresidential loans - $250k-1MM 41 $16,264 $396,683
    Commercial & Industrial, US addressed loans - <$1MM 173 $8,661 $50,064
    Commercial & Industrial, US addressed loans - <$100k 144 $3,544 $24,611
    Commercial & Industrial, US addressed loans - $100-250k 16 $1,366 $85,375
    Commercial & Industrial, US addressed loans - $250k-1MM 13 $3,751 $288,538
    Farmland loans - <$1MM 46 $6,168 $134,087
    Farmland loans - <$100k 12 $392 $32,667
    Farmland loans - $100-250k 25 $3,483 $139,320
    Farmland loans - $250k-1MM 9 $2,293 $254,778
    Agriculture operations loans - <$1MM 71 $2,271 $31,986
    Agriculture operations loans - <$100k 61 $1,176 $19,279
    Agriculture operations loans - $100-250k 8 $822 $102,750
    Agriculture operations loans - $250k-1MM 2 $273 $136,500