Tri City National Bank Mortgage Rates, Fees & Info

Oak Creek, WI

LEI: 549300OCKUW7YV0YNV03

Tax ID: 39-1022456

5 stars - out of 5 stars, based on 29 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Tri City National Bank is a smaller bank specializing in Refi and Home Purchase loans. Tri City National Bank has a high proportion of conventional loans. Their top markets include Milwaukee, Racine, Chicago, Whitewater, and Watertown among others. Tri City National Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Tri City National Bank is typically a low fee lendor.


Originations

848

Origination Dollar Volume (All Markets)

$188,780,000

Employee count

380

Awards

Tri City National Bank 30 Year Conventional Loans silver
Show all (1) awards

Relative Rate

Tri City National Bank's average 30 year fixed rate mortgage of loans were 3.08%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.07%.

Relative Fees

Tri City National Bank's average total fees for a 30 year fixed rate mortgage are $2,241.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 597 $141,405,000 $236,859 $1,809 3.17%
RACINE, WI (FHA|USDA|VA) 187 $31,505,000 $168,476 $1,809 3.18%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 23 $6,225,000 $270,652 $1,852 3.06%
Whitewater, WI (FHA|USDA|VA) 10 $2,650,000 $265,000 $1,978 3.29%
Outside of Metro Areas 7 $1,425,000 $203,571 $2,182 3.05%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 5 $1,175,000 $235,000 $2,599 2.85%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $605,000 $605,000 $6,320 3.25%
Beaver Dam, WI (FHA|USDA|VA) 4 $580,000 $145,000 $3,246 3.13%
SHEBOYGAN, WI (FHA|USDA|VA) 2 $460,000 $230,000 $2,141 3.31%
GREEN BAY, WI (FHA|USDA|VA) 1 $415,000 $415,000 $2,116 3.00%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $375,000 $375,000 $0 4.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $365,000 $365,000 $5,586 2.38%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $285,000 $285,000 $2,733 3.25%
APPLETON, WI (FHA|USDA|VA) 1 $275,000 $275,000 $3,379 3.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $275,000 $275,000 $0 4.00%
WAUSAU-WESTON, WI (FHA|USDA|VA) 2 $240,000 $120,000 $2,591 2.81%
Shawano, WI (FHA|USDA|VA) 1 $155,000 $155,000 $2,172 2.88%
MADISON, WI (FHA|USDA|VA) 1 $155,000 $155,000 $1,388 2.88%
FOND DU LAC, WI (FHA|USDA|VA) 1 $135,000 $135,000 $1,842 2.88%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.50%

Tri City National Bank's top markets include Milwaukee, Racine, Chicago, Whitewater, and Watertown among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 848 $188,780,000 $222,618 $1,842 3.17%

For the 2021 period, Tri City National Bank's most frequently originated loan type of loans were Conventional, with 848 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 398 $74,860,000 $188,090 $1,447 3.16%
Home Purchase 252 $83,300,000 $330,556 $2,396 3.19%
Cash Out Refi 160 $28,090,000 $175,563 $2,456 2.90%
Home Improvement 21 $1,695,000 $80,714 $420 4.26%
Other 17 $835,000 $49,118 $216 4.27%

For the 2021, Tri City National Bank's most frequently cited loan purpose of loans were Refi, with 398 originations. The 2nd most popular reason of loans were Home Purchase, with 252 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 379 $86,845,000 $229,142 $2,241 3.08%
15 Year 212 $34,540,000 $162,925 $1,985 2.52%
10 Year 96 $6,830,000 $71,146 $108 4.52%
20 Year 62 $8,490,000 $136,935 $2,005 2.94%
5 Year 47 $27,595,000 $587,128 $0 3.74%
1 Year 20 $11,020,000 $551,000 $1,732 3.64%
3 Year 17 $3,125,000 $183,824 $0 4.15%
Other 15 $10,335,000 $689,000 $1,733 3.37%

For the 2021, Tri City National Bank's most frequently cited loan length of loans were 30 Year, with 379 originations. The 2nd most popular length of loans were 15 Year, with 212 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 518 $92,500,000 $178,571
$1k-2k 123 $21,155,000 $171,992
$2k-3k 46 $11,200,000 $243,478
$3k-4k 31 $7,275,000 $234,677
$5k+ 5 $1,875,000 $375,000

$2,241 of loans were Tri City National Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 518 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 285 $62,215,000 $218,298
3-4% 238 $77,460,000 $325,462
<2.5% 204 $39,020,000 $191,275
4-5% 114 $9,860,000 $86,491
5-6% 6 $200,000 $33,333
6-7% 1 $25,000 $25,000

During 2021, Tri City National Bank's average interest rate of loans were 3.08%, while their most frequently originated rate bucket of loans were 2.5-3%, with 285 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 321 $45,805,000 $142,695 $1,998 2.98%
$100,000 or less 227 $14,835,000 $65,352 $957 3.63%
$200k-400k 214 $58,930,000 $275,374 $2,261 2.99%
$400k-600k 52 $25,000,000 $480,769 $2,576 3.05%
$600k-1MM 19 $14,015,000 $737,632 $3,618 3.11%
$1MM+ 15 $30,195,000 $2,013,000 $2,429 3.29%

2021 saw Tri City National Bank place emphasis on $100k-200k loans with 321 originations, totaling $45,805,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 216 $28,560,000 $132,222 $1,742 3.15%
$50k or less 161 $15,635,000 $97,112 $1,726 3.21%
$100k-150k 133 $28,455,000 $213,947 $1,705 3.14%
$75k-100k 127 $22,735,000 $179,016 $1,914 3.13%
$150k-250k 77 $22,235,000 $288,766 $2,348 3.11%
$250k+ 39 $16,345,000 $419,103 $2,741 2.98%

Tri City National Bank lent most frequently to those with incomes in the $50k-75k range, with 216 originations. The second most popular income band? $50k or less, with 161 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 225 $38,975,000 $173,222 $1,824 3.07%
30-36% 159 $29,025,000 $182,547 $1,860 3.10%
<20% 94 $16,930,000 $180,106 $1,472 3.35%
39% 32 $4,750,000 $148,438 $2,262 2.91%
36% 29 $5,275,000 $181,897 $1,656 3.30%
40% 27 $5,575,000 $206,481 $1,839 3.05%
46% 26 $3,780,000 $145,385 $2,281 3.04%
42% 25 $5,415,000 $216,600 $2,084 3.06%
43% 23 $5,045,000 $219,348 $2,254 2.98%
44% 23 $4,595,000 $199,783 $1,866 3.05%
38% 22 $4,140,000 $188,182 $2,006 3.07%
41% 19 $2,365,000 $124,474 $1,438 3.34%
48% 16 $3,630,000 $226,875 $1,457 3.45%
37% 14 $2,590,000 $185,000 $1,745 3.23%
47% 13 $2,105,000 $161,923 $2,309 2.88%
49% 13 $2,285,000 $175,769 $2,025 2.89%
45% 10 $1,320,000 $132,000 $1,754 3.24%
50-60% 7 $1,595,000 $227,857 $2,481 3.34%
>60% 2 $660,000 $330,000 $2,364 3.88%

Tri City National Bank lent most frequently to those with DTI ratios of 20-30%, with 225 originations. The next most common DTI ratio? 30-36%, with 159 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 679 $122,055,000 $179,757 $1,832 3.14%
Not applicable 60 $43,790,000 $729,833 $2,429 3.68%
Asian 45 $13,085,000 $290,778 $2,297 2.96%
Not provided 24 $3,830,000 $159,583 $1,733 2.97%
Black 30 $3,380,000 $112,667 $1,466 3.49%
Asian Indian 5 $1,175,000 $235,000 $1,177 2.48%
Chinese 1 $975,000 $975,000 $3,614 2.49%
American Indian 4 $490,000 $122,500 $1,580 2.63%

Approval Rates

Total approvals of all applications
83.10%

Tri City National Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
81.52%

Tri City National Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 848 $188,780,000 $222,618

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
848 $188,780,000 $222,618

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 147 $18,805,000 $127,925 $1,152 3.39%
40-60% 238 $46,200,000 $194,118 $1,744 3.02%
60-80% 299 $86,715,000 $290,017 $2,274 3.09%
80-100% 125 $34,815,000 $278,520 $2,345 3.00%
Under 20% 39 $2,245,000 $57,564 $274 4.38%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
TRUIST FINANCIAL CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 57 10.7%
TRUIST FINANCIAL CORPORATION Conventional home mortgage Closing on a mortgage 29 5.4%
TRUIST FINANCIAL CORPORATION Conventional home mortgage Improper use of your report 1 0.2%
TRUIST FINANCIAL CORPORATION Conventional home mortgage Incorrect information on your report 11 2.1%
TRUIST FINANCIAL CORPORATION Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 2 0.4%
TRUIST FINANCIAL CORPORATION Conventional home mortgage Struggling to pay mortgage 38 7.1%
TRUIST FINANCIAL CORPORATION Conventional home mortgage Trouble during payment process 244 45.6%
TRUIST FINANCIAL CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 7 1.3%
TRUIST FINANCIAL CORPORATION FHA mortgage Closing on a mortgage 4 0.7%
TRUIST FINANCIAL CORPORATION FHA mortgage Incorrect information on your report 2 0.4%
TRUIST FINANCIAL CORPORATION FHA mortgage Struggling to pay mortgage 18 3.4%
TRUIST FINANCIAL CORPORATION FHA mortgage Trouble during payment process 25 4.7%
TRUIST FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 6 1.1%
TRUIST FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Closing on a mortgage 5 0.9%
TRUIST FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Incorrect information on your report 1 0.2%
TRUIST FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Struggling to pay mortgage 7 1.3%
TRUIST FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Trouble during payment process 18 3.4%
TRUIST FINANCIAL CORPORATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 10 1.9%
TRUIST FINANCIAL CORPORATION Other type of mortgage Closing on a mortgage 6 1.1%
TRUIST FINANCIAL CORPORATION Other type of mortgage Improper use of your report 1 0.2%
TRUIST FINANCIAL CORPORATION Other type of mortgage Incorrect information on your report 1 0.2%
TRUIST FINANCIAL CORPORATION Other type of mortgage Struggling to pay mortgage 4 0.7%
TRUIST FINANCIAL CORPORATION Other type of mortgage Trouble during payment process 17 3.2%
TRUIST FINANCIAL CORPORATION VA mortgage Applying for a mortgage or refinancing an existing mortgage 6 1.1%
TRUIST FINANCIAL CORPORATION VA mortgage Struggling to pay mortgage 3 0.6%
TRUIST FINANCIAL CORPORATION VA mortgage Trouble during payment process 12 2.2%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Tri City National Bank 10859 West Bluemound Road Wauwatosa, WI 53226 Full Service B&M $27,725
Tri City National Bank 2625 South 108th Street West Allis, WI 53227 Full Service Retail $22,265
Tri City National Bank 2704 Lathrop Avenue Racine, WI 53405 Full Service B&M $189,357
Tri City National Bank 3164 South 76th Street Milwaukee, WI 53219 Full Service B&M $88,266
Tri City National Bank 3378 South 27th Street Milwaukee, WI 53215 Full Service B&M $28,566
Tri City National Bank 3701 South 27th Street Milwaukee, WI 53221 Full Service Retail $16,654
Tri City National Bank 3900 Erie Street Racine, WI 53402 Full Service Retail $13,366
Tri City National Bank 4101 Durand Avenue Racine, WI 53405 Limited, Drive-thru $0
Tri City National Bank 4200-D South 76th Street Greenfield, WI 53220 Full Service Retail $18,709
Tri City National Bank 4295 West Bradley Road Brown Deer, WI 53223 Full Service B&M $82,014
Tri City National Bank 4708 Northwestern Avenue Racine, WI 53406 Full Service B&M $49,128
Tri City National Bank 4968 South Whitnall Avenue Saint Francis, WI 53235 Full Service Retail $24,518
Tri City National Bank 5455 S. 108th St Hales Corners, WI 53130 Limited, Drive-thru $0
Tri City National Bank 5555 South 108th Street Hales Corners, WI 53130 Full Service B&M $235,951
Tri City National Bank 5901 Washington Road Kenosha, WI 53140 Full Service B&M $22,586
Tri City National Bank 6312 South 27th Street Oak Creek, WI 53154 Full Service Retail $30,397
Tri City National Bank 6400 South 27th Street Oak Creek, WI 53154 Full Service B&M $265,728
Tri City National Bank 6760 West National Avenue West Allis, WI 53214 Full Service Retail $29,751
Tri City National Bank 6767 West Greenfield Avenue West Allis, WI 53214 Full Service B&M $64,335
Tri City National Bank 8710 Durand Avenue Sturtevant, WI 53177 Full Service B&M $34,723
Tri City National Bank 8770 South Howell Avenue Oak Creek, WI 53154 Full Service Retail $37,660
Tri City National Bank 9200 North Greenbay Brown Deer, WI 53209 Full Service Retail $12,333
Tri City National Bank N96 W18211 County Line Menomonee Falls, WI 53051 Full Service B&M $63,667
Tri City National Bank 10909 West Greenfield Avenue West Allis, WI 53214 Full Service B&M $79,963
Tri City National Bank 1202 North Green Bay Road Racine, WI 53406 Full Service Retail $3,781
Tri City National Bank 12745 West Capitol Drive Brookfield, WI 53005 Full Service B&M $46,451
Tri City National Bank 150 West Holt Avenue Milwaukee, WI 53207 Full Service Retail $22,546
Tri City National Bank 15170 W Greenfield Ave Brookfield, WI 53005 Full Service Retail $8,156
Tri City National Bank 17100 West Bluemound Road Brookfield, WI 53005 Full Service B&M $78,586
Tri City National Bank 201 East Sunset Waukesha, WI 53189 Full Service B&M $10,966
Tri City National Bank 2115 10th Avenue South Milwaukee, WI 53172 Full Service B&M $30,318
Tri City National Bank 220 East Sunset Drive Waukesha, WI 53186 Full Service Retail $12,159
Tri City National Bank 2201 Miller Park Way West Milwaukee, WI 53219 Full Service B&M $14,531
Tri City National Bank 2555 West Ryan Road Franklin, WI 53154 Full Service B&M $70,140

For 2021, Tri City National Bank had 34 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $53,691
Net interest income $52,747
Total noninterest income $17,317
Gross Fiduciary activities income $0
Service charges on deposit accounts $4,160
Trading account gains and fees $0
Additional Noninterest Income $13,157
Pre-tax net operating income $18,396
Securities gains (or losses, -) $-22
Income before extraordinary items $15,456
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $15,456
Minority interest net income $0
Net income $15,456
Sale, conversion, retirement of capital stock, net $0
Net operating income $15,474

Tri City National Bank's gross interest income from loans was $53,691,000.
Tri City National Bank's net interest income from loans was $52,747,000.
Tri City National Bank's fee based income from loans was $4,160,000.
Tri City National Bank's net income from loans was $15,456,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $944
Provision for credit losses $0
Total noninterest expense $51,668
Salaries and employee benefits $29,457
Premises and equipment expense $7,153
Additional noninterest expense $15,058
Applicable income taxes $2,918
Net charge-offs $-466
Cash dividends $3,504

Tri City National Bank's interest expense for loans was $944,000.
Tri City National Bank's payroll and benefits expense were $29,457,000.
Tri City National Bank's property, plant and equipment expenses $7,153,000.

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 1.0%
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 $1,848,050
Deposits held in domestic offices $1,848,050
Deposits by Individuals, partnerships, and corporations $1,718,364
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $129,686
Deposits by Commercial banks and other depository institutions in U.S. $0
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $1,153,857
Demand deposits $495,718
Nontransaction accounts $694,193
Money market deposit accounts (MMDAs) $297,059
Other savings deposits (excluding MMDAs) $341,010
Total time deposits $56,124
Total time and savings deposits $1,352,332
Noninterest-bearing deposits $495,718
Interest-bearing deposits $1,352,332
Retail deposits $1,840,484
IRAs and Keogh plan accounts $23,284
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $2,057,266
Cash & Balances due from depository institutions $137,444
Interest-bearing balances $112,227
Total securities $820,177
Federal funds sold & reverse repurchase $892
Net loans and leases $1,001,824
Loan and leases loss allowance $13,573
Trading account assets $0
Bank premises and fixed assets $17,208
Other real estate owned $0
Goodwill and other intangibles $2,247
All other assets $77,474

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $2,057,266
Total Liabilities $1,866,544
Total deposits $1,848,050
Interest-bearing deposits $1,352,332
Deposits held in domestic offices $1,848,050
% insured (estimated) $72
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $18,494

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,001,824
Loan and leases loss allowance $13,573
Total loans and leases (domestic) $1,015,397
All real estate loans $972,660
Real estate loans in domestic offices $972,660
Construction and development loans $48,259
Residential 1-4 family construction $24,920
Other construction, all land development and other land $23,339
Loans secured by nonfarm nonresidential properties $599,001
Nonfarm nonresidential secured by owner-occupied properties $128,087
Commercial real estate & other non-farm, non-residential $470,914
Multifamily residential real estate $162,035
1-4 family residential loans $162,800
Farmland loans $565
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $39,188
To non-U.S. addressees $0
Loans to individuals $3,087
Credit card loans $0
Related Plans $157
Consumer Auto Loans $769
Other loans to individuals $2,161
All other loans & leases $462
Loans to foreign governments and official institutions $0
Other loans $0
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 $63,830
Restructured Loans & leases $7,442
Non 1-4 family restructured loans & leases $2,245
Total loans and leases (foreign) $0

Tri City National Bank had $1,001,824,000 of loans outstanding in 2021. $972,660,000 of loans were in real estate loans. $48,259,000 of loans were in development loans. $162,035,000 of loans were in multifamily mortgage loans. $162,800,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $769,000 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 659 $134,771 $204,508
Nonfarm, nonresidential loans - <$100k 113 $7,128 $63,080
Nonfarm, nonresidential loans - $100-250k 228 $24,978 $109,553
Nonfarm, nonresidential loans - $250k-1MM 318 $102,665 $322,846
Commercial & Industrial, US addressed loans - <$1MM 323 $21,429 $66,344
Commercial & Industrial, US addressed loans - <$100k 226 $4,739 $20,969
Commercial & Industrial, US addressed loans - $100-250k 65 $8,476 $130,400
Commercial & Industrial, US addressed loans - $250k-1MM 32 $8,214 $256,688
Farmland loans - <$1MM 3 $455 $151,667
Farmland loans - <$100k 1 $36 $36,000
Farmland loans - $100-250k 1 $194 $194,000
Farmland loans - $250k-1MM 1 $225 $225,000