Forte Bank Mortgage Rates, Fees & Info

Hartford, WI

LEI: 549300RTMAIJNRX52596

Tax ID: 39-0335807

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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

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

    Forte 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

    138

    Origination Dollar Volume (All Markets)

    $35,370,000

    Employee count

    56

    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
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 113 $24,665,000 $218,274 $0 0.00%
    Beaver Dam, WI (FHA|USDA|VA) 11 $3,905,000 $355,000 $0 0.00%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 3 $3,815,000 $1,271,667 $0 0.00%
    Shawano, WI (FHA|USDA|VA) 1 $945,000 $945,000 $0 0.00%
    Outside of Metro Areas 4 $840,000 $210,000 $0 0.00%
    APPLETON, WI (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
    Baraboo, WI (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    MADISON, WI (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Whitewater, WI (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    Forte Bank's top markets include Milwaukee, Beaver Dam, Wisconsin Rapids, Shawano, and Appleton among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 138 $35,370,000 $256,304 $0 0.00%

    For 2018, Forte Bank's most frequently originated type of loan was Conventional, with 138 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 92 $23,380,000 $254,130 $0 0.00%
    Refi 33 $10,155,000 $307,727 $0 0.00%
    Cash Out Refi 11 $1,585,000 $144,091 $0 0.00%
    Other 2 $250,000 $125,000 $0 0.00%

    For 2018, Forte Bank's most frequently cited loan purpose was Home Purchase, with 92 originations. The 2nd most popular reason was Refi, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 138 $35,370,000 $256,304 $0 0.00%

    For 2018, Forte Bank's most frequently cited loan duration was Other, with 138 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 56 $8,330,000 $148,750 $0 0.00%
    $200k-400k 45 $12,535,000 $278,556 $0 0.00%
    $100,000 or less 23 $1,575,000 $68,478 $0 0.00%
    $1MM+ 6 $7,850,000 $1,308,333 $0 0.00%
    $400k-600k 5 $2,525,000 $505,000 $0 0.00%
    $600k-1MM 3 $2,555,000 $851,667 $0 0.00%

    2018 saw Forte Bank place emphasis on $100k-200k loans with 56 originations, totaling $8,330,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 29 $5,355,000 $184,655 $0 0.00%
    $50k-75k 26 $4,180,000 $160,769 $0 0.00%
    $100k-150k 24 $6,610,000 $275,417 $0 0.00%
    $50k or less 19 $2,355,000 $123,947 $0 0.00%
    $150k-250k 11 $3,295,000 $299,545 $0 0.00%
    $250k+ 2 $1,350,000 $675,000 $0 0.00%

    Forte Bank lent most frequently to those with incomes in the $75k-100k range, with 29 originations. The second most popular income band? $50k-75k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 138 $35,370,000 $256,304 $0 0.00%

    Forte Bank lent most frequently to those with DTI ratios of Exempt%, with 138 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 110 $22,830,000 $207,545 $0 0.00%
    Not applicable 26 $12,050,000 $463,462 $0 0.00%
    Not provided 2 $490,000 $245,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.73%

    Forte 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
    90.58%

    Forte Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 138 $35,370,000 $256,304

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $9,830,000 $983,000
    Single Family (1-4 Units):Manufactured 1 $155,000 $155,000
    Single Family (1-4 Units):Site-Built 127 $25,385,000 $199,882

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The First National Bank of Hartford 116 West Sumner Street Hartford, WI 53027 Full Service B&M $125,562
    The First National Bank of Hartford 1297 State Highway 175 Hubertus, WI 53033 Full Service B&M $18,080
    The First National Bank of Hartford 439 East Washington Street Slinger, WI 53086 Full Service B&M $35,455

    For 2018, Forte Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,589
    Net interest income $7,033
    Total noninterest income $1,229
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $95
    Trading account gains and fees $0
    Additional Noninterest Income $1,134
    Pre-tax net operating income $1,680
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,343
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,343
    Minority interest net income $0
    Net income $1,343
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,343

    Forte Bank's gross interest income from loans was $7,589,000.
    Forte Bank's net interest income from loans was $7,033,000.
    Forte Bank's fee based income from loans was $95,000.
    Forte Bank's net income from loans was $1,343,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $556
    Provision for credit losses $140
    Total noninterest expense $6,442
    Salaries and employee benefits $3,826
    Premises and equipment expense $739
    Additional noninterest expense $1,877
    Applicable income taxes $337
    Net charge-offs $210
    Cash dividends $491

    Forte Bank's interest expense for loans was $556,000.
    Forte Bank's payroll and benefits expense were $3,826,000.
    Forte Bank's property, plant and equipment expenses $739,000.

    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 $182,704
    Deposits held in domestic offices $182,704
    Deposits by Individuals, partnerships, and corporations $175,553
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $7,151
    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 $68,837
    Demand deposits $42,683
    Nontransaction accounts $113,867
    Money market deposit accounts (MMDAs) $44,104
    Other savings deposits (excluding MMDAs) $39,756
    Total time deposits $30,007
    Total time and savings deposits $140,021
    Noninterest-bearing deposits $42,683
    Interest-bearing deposits $140,021
    Retail deposits $181,936
    IRAs and Keogh plan accounts $6,620
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $208,464
    Cash & Balances due from depository institutions $14,604
    Interest-bearing balances $9,513
    Total securities $28,797
    Federal funds sold & reverse repurchase $399
    Net loans and leases $150,466
    Loan and leases loss allowance $1,475
    Trading account assets $0
    Bank premises and fixed assets $4,155
    Other real estate owned $93
    Goodwill and other intangibles $0
    All other assets $9,950

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $208,464
    Total Liabilities $183,594
    Total deposits $182,704
    Interest-bearing deposits $140,021
    Deposits held in domestic offices $182,704
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $890

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $150,466
    Loan and leases loss allowance $1,475
    Total loans and leases (domestic) $151,941
    All real estate loans $131,834
    Real estate loans in domestic offices $131,834
    Construction and development loans $14,722
    Residential 1-4 family construction $6,421
    Other construction, all land development and other land $8,301
    Loans secured by nonfarm nonresidential properties $50,069
    Nonfarm nonresidential secured by owner-occupied properties $37,584
    Commercial real estate & other non-farm, non-residential $12,485
    Multifamily residential real estate $18,123
    1-4 family residential loans $46,821
    Farmland loans $2,099
    Loans held in foreign offices $0
    Farm loans $50
    Commercial and industrial loans $18,602
    To non-U.S. addressees $0
    Loans to individuals $764
    Credit card loans $107
    Related Plans $4
    Consumer Auto Loans $324
    Other loans to individuals $329
    All other loans & leases $691
    Loans to foreign governments and official institutions $0
    Other loans $6
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    FORTE BANK had $150,466,000 of loans outstanding in 2018. $131,834,000 of loans were in real estate loans. $14,722,000 of loans were in development loans. $18,123,000 of loans were in multifamily mortgage loans. $46,821,000 of loans were in 1-4 family mortgage loans. $50,000 of loans were in farm loans. $107,000 of loans were in credit card loans. $324,000 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 98 $29,460 $300,612
    Nonfarm, nonresidential loans - <$100k 13 $849 $65,308
    Nonfarm, nonresidential loans - $100-250k 31 $4,279 $138,032
    Nonfarm, nonresidential loans - $250k-1MM 54 $24,332 $450,593
    Commercial & Industrial, US addressed loans - <$1MM 248 $13,468 $54,306
    Commercial & Industrial, US addressed loans - <$100k 187 $3,634 $19,433
    Commercial & Industrial, US addressed loans - $100-250k 35 $3,126 $89,314
    Commercial & Industrial, US addressed loans - $250k-1MM 26 $6,708 $258,000
    Farmland loans - <$1MM 11 $1,681 $152,818
    Farmland loans - <$100k 3 $164 $54,667
    Farmland loans - $100-250k 5 $636 $127,200
    Farmland loans - $250k-1MM 3 $881 $293,667
    Agriculture operations loans - <$1MM 3 $50 $16,667
    Agriculture operations loans - <$100k 3 $50 $16,667