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 Refi and Home Purchase loans. Forte Bank has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Madison, Appleton, Chicago, and Beaver Dam among others. We have data for 17 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 a below 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

    271

    Origination Dollar Volume (All Markets)

    $88,595,000

    Employee count

    55

    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) 197 $47,625,000 $241,751 $0 0.00%
    MADISON, WI (FHA|USDA|VA) 3 $11,175,000 $3,725,000 $0 0.00%
    APPLETON, WI (FHA|USDA|VA) 2 $6,700,000 $3,350,000 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 9 $6,665,000 $740,556 $0 0.00%
    Beaver Dam, WI (FHA|USDA|VA) 29 $5,325,000 $183,621 $0 0.00%
    SHEBOYGAN, WI (FHA|USDA|VA) 7 $2,595,000 $370,714 $0 0.00%
    Marinette, WI-MI (FHA|USDA|VA) 1 $1,985,000 $1,985,000 $0 0.00%
    RACINE, WI (FHA|USDA|VA) 4 $1,880,000 $470,000 $0 0.00%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 2 $1,650,000 $825,000 $0 0.00%
    FOND DU LAC, WI (FHA|USDA|VA) 7 $815,000 $116,429 $0 0.00%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $605,000 $605,000 $0 0.00%
    Outside of Metro Areas 3 $495,000 $165,000 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 2 $200,000 $100,000 $0 0.00%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    GREEN BAY, WI (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Forte Bank's top markets include Milwaukee, Madison, Appleton, Chicago, and Beaver Dam 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 271 $88,595,000 $326,919 $0 0.00%

    For 2021, Forte Bank's most frequently originated type of loan was Conventional, with 271 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 115 $40,555,000 $352,652 $0 0.00%
    Home Purchase 99 $35,075,000 $354,293 $0 0.00%
    Cash Out Refi 54 $11,340,000 $210,000 $0 0.00%
    Home Improvement 3 $1,625,000 $541,667 $0 0.00%

    For 2021, Forte Bank's most frequently cited loan purpose was Refi, with 115 originations. The 2nd most popular reason was Home Purchase, with 99 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 271 $88,595,000 $326,919 $0 0.00%

    For 2021, Forte Bank's most frequently cited loan duration was Other, with 271 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 112 $16,650,000 $148,661 $0 0.00%
    $200k-400k 88 $23,290,000 $264,659 $0 0.00%
    $100,000 or less 29 $2,435,000 $83,966 $0 0.00%
    $400k-600k 21 $10,185,000 $485,000 $0 0.00%
    $1MM+ 11 $29,095,000 $2,645,000 $0 0.00%
    $600k-1MM 10 $6,940,000 $694,000 $0 0.00%

    2021 saw Forte Bank place emphasis on $100k-200k loans with 112 originations, totaling $16,650,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 48 $11,480,000 $239,167 $0 0.00%
    $50k-75k 43 $7,575,000 $176,163 $0 0.00%
    $75k-100k 31 $6,215,000 $200,484 $0 0.00%
    $50k or less 25 $3,245,000 $129,800 $0 0.00%
    $150k-250k 24 $7,620,000 $317,500 $0 0.00%
    $250k+ 9 $2,665,000 $296,111 $0 0.00%

    Forte Bank lent most frequently to those with incomes in the $100k-150k range, with 48 originations. The second most popular income band? $50k-75k, with 43 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 271 $88,595,000 $326,919 $0 0.00%

    Forte Bank lent most frequently to those with DTI ratios of Exempt%, with 271 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 89 $49,175,000 $552,528 $0 0.00%
    White 163 $34,065,000 $208,988 $0 0.00%
    Not provided 15 $3,935,000 $262,333 $0 0.00%
    Asian 3 $1,125,000 $375,000 $0 0.00%
    American Indian 1 $295,000 $295,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.48%

    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
    89.67%

    Forte Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 271 $88,595,000 $326,919

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    271 $88,595,000 $326,919

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Forte Bank 116 West Sumner Street Hartford, WI 53027 Full Service B&M $180,564
    Forte Bank 1297 State Highway 175 Hubertus, WI 53033 Full Service B&M $33,922
    Forte Bank 439 East Washington Street Slinger, WI 53086 Full Service B&M $53,669

    For 2021, Forte Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,039
    Net interest income $10,313
    Total noninterest income $2,402
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $70
    Trading account gains and fees $0
    Additional Noninterest Income $2,332
    Pre-tax net operating income $4,649
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,479
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,479
    Minority interest net income $0
    Net income $3,479
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,479

    Forte Bank's gross interest income from loans was $11,039,000.
    Forte Bank's net interest income from loans was $10,313,000.
    Forte Bank's fee based income from loans was $70,000.
    Forte Bank's net income from loans was $3,479,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $726
    Provision for credit losses $182
    Total noninterest expense $7,884
    Salaries and employee benefits $4,851
    Premises and equipment expense $796
    Additional noninterest expense $2,237
    Applicable income taxes $1,170
    Net charge-offs $-17
    Cash dividends $654

    Forte Bank's interest expense for loans was $726,000.
    Forte Bank's payroll and benefits expense were $4,851,000.
    Forte Bank's property, plant and equipment expenses $796,000.

    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 $284,200
    Deposits held in domestic offices $284,200
    Deposits by Individuals, partnerships, and corporations $274,064
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $10,136
    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 $118,270
    Demand deposits $76,634
    Nontransaction accounts $165,930
    Money market deposit accounts (MMDAs) $75,467
    Other savings deposits (excluding MMDAs) $58,170
    Total time deposits $32,293
    Total time and savings deposits $207,566
    Noninterest-bearing deposits $76,634
    Interest-bearing deposits $207,566
    Retail deposits $280,673
    IRAs and Keogh plan accounts $6,631
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $323,325
    Cash & Balances due from depository institutions $29,586
    Interest-bearing balances $20,101
    Total securities $31,154
    Federal funds sold & reverse repurchase $954
    Net loans and leases $246,058
    Loan and leases loss allowance $2,444
    Trading account assets $0
    Bank premises and fixed assets $4,181
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $11,392

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $323,325
    Total Liabilities $292,089
    Total deposits $284,200
    Interest-bearing deposits $207,566
    Deposits held in domestic offices $284,200
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $6,500
    Subordinated debt $0
    All other liabilities $1,389

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $246,058
    Loan and leases loss allowance $2,444
    Total loans and leases (domestic) $248,502
    All real estate loans $225,882
    Real estate loans in domestic offices $225,882
    Construction and development loans $33,985
    Residential 1-4 family construction $5,493
    Other construction, all land development and other land $28,492
    Loans secured by nonfarm nonresidential properties $83,048
    Nonfarm nonresidential secured by owner-occupied properties $54,022
    Commercial real estate & other non-farm, non-residential $29,026
    Multifamily residential real estate $42,560
    1-4 family residential loans $62,652
    Farmland loans $3,637
    Loans held in foreign offices $0
    Farm loans $24
    Commercial and industrial loans $21,823
    To non-U.S. addressees $0
    Loans to individuals $623
    Credit card loans $0
    Related Plans $10
    Consumer Auto Loans $445
    Other loans to individuals $168
    All other loans & leases $150
    Loans to foreign governments and official institutions $0
    Other loans $20
    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 $246,058,000 of loans outstanding in 2021. $225,882,000 of loans were in real estate loans. $33,985,000 of loans were in development loans. $42,560,000 of loans were in multifamily mortgage loans. $62,652,000 of loans were in 1-4 family mortgage loans. $24,000 of loans were in farm loans. $0 of loans were in credit card loans. $445,000 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 143 $43,219 $302,231
    Nonfarm, nonresidential loans - <$100k 19 $672 $35,368
    Nonfarm, nonresidential loans - $100-250k 41 $6,040 $147,317
    Nonfarm, nonresidential loans - $250k-1MM 83 $36,507 $439,843
    Commercial & Industrial, US addressed loans - <$1MM 263 $12,524 $47,620
    Commercial & Industrial, US addressed loans - <$100k 189 $3,889 $20,577
    Commercial & Industrial, US addressed loans - $100-250k 50 $5,437 $108,740
    Commercial & Industrial, US addressed loans - $250k-1MM 24 $3,198 $133,250
    Farmland loans - <$1MM 10 $1,483 $148,300
    Farmland loans - <$100k 2 $56 $28,000
    Farmland loans - $100-250k 6 $913 $152,167
    Farmland loans - $250k-1MM 2 $514 $257,000
    Agriculture operations loans - <$1MM 3 $24 $8,000
    Agriculture operations loans - <$100k 3 $24 $8,000