Ixonia Bank Mortgage Rates, Fees & Info

Ixonia, WI

LEI: 549300T9P3WXNMXX0I34

Tax ID: 39-0369710

5 stars - out of 5 stars, based on 56 reviews

2020 Data | 2019 Data | 2018 Data


Overview

Ixonia Bank is a smaller bank specializing in Refi and Home Purchase loans. Ixonia Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Milwaukee, Chicago, Minneapolis, Des Moines, and Nashville among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Ixonia Bank is typically an average fee lendor.


Originations

3,139

Origination Dollar Volume (All Markets)

$820,335,000

Employee count

287 Show all (45) awards

Relative Rate

Ixonia Bank's average 30 year fixed rate mortgage of loans were 2.97%.

The 2020 average 30 year fixed rate mortgage across all markets of loans were 3.36%.

This yields a difference of -0.39%.

Relative Fees

Ixonia Bank's average total fees for a 30 year fixed rate mortgage are $3,897.

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 $5,021.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 434 $116,450,000 $268,318 $2,414 2.95%
CHICAGO-NAPERVILLE-EVANSTON, IL (FHA|USDA|VA) 281 $68,245,000 $242,865 $3,839 3.01%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 229 $67,005,000 $292,598 $3,745 2.85%
Outside of Metro Areas 342 $62,190,000 $181,842 $3,226 2.94%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 183 $38,955,000 $212,869 $4,309 2.90%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 127 $37,875,000 $298,228 $3,673 2.90%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV (FHA|USDA|VA) 80 $30,590,000 $382,375 $2,268 2.73%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 118 $25,680,000 $217,627 $2,637 2.82%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 87 $23,315,000 $267,989 $5,002 2.96%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 62 $18,900,000 $304,839 $3,173 2.72%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 62 $18,680,000 $301,290 $7,235 3.08%
RALEIGH-CARY, NC (FHA|USDA|VA) 54 $17,540,000 $324,815 $1,599 2.80%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 106 $16,850,000 $158,962 $4,373 3.05%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 61 $16,325,000 $267,623 $6,039 2.90%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 54 $15,650,000 $289,815 $3,542 2.96%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 40 $14,570,000 $364,250 $2,972 2.76%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 38 $11,580,000 $304,737 $5,436 2.75%
COLUMBUS, OH (FHA|USDA|VA) 35 $11,215,000 $320,429 $2,731 2.79%
DALLAS-PLANO-IRVING, TX (FHA|USDA|VA) 24 $8,870,000 $369,583 $6,592 2.89%
LAKE COUNTY-KENOSHA COUNTY, IL-WI (FHA|USDA|VA) 28 $8,200,000 $292,857 $2,895 2.87%
ELGIN, IL (FHA|USDA|VA) 36 $7,920,000 $220,000 $3,755 3.11%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA (FHA|USDA|VA) 21 $7,755,000 $369,286 $3,900 2.71%
MADISON, WI (FHA|USDA|VA) 29 $7,745,000 $267,069 $3,300 3.04%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 20 $7,090,000 $354,500 $2,309 2.76%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 22 $6,690,000 $304,091 $4,923 2.93%
DAYTON-KETTERING, OH (FHA|USDA|VA) 34 $6,530,000 $192,059 $4,358 3.02%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 20 $6,220,000 $311,000 $4,148 2.90%
RICHMOND, VA (FHA|USDA|VA) 18 $5,170,000 $287,222 $2,626 2.74%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 20 $4,280,000 $214,000 $4,252 3.13%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 13 $4,255,000 $327,308 $3,809 2.85%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL (FHA|USDA|VA) 10 $3,450,000 $345,000 $1,925 2.79%
RACINE, WI (FHA|USDA|VA) 14 $3,440,000 $245,714 $3,539 2.92%
NORTH PORT-SARASOTA-BRADENTON, FL (FHA|USDA|VA) 12 $3,390,000 $282,500 $3,457 2.92%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH (FHA|USDA|VA) 11 $3,385,000 $307,727 $1,694 2.70%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 9 $3,085,000 $342,778 $2,144 2.65%
COLORADO SPRINGS, CO (FHA|USDA|VA) 8 $3,010,000 $376,250 $2,581 2.69%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 11 $3,005,000 $273,182 $3,115 2.99%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 13 $2,935,000 $225,769 $7,066 3.10%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 10 $2,890,000 $289,000 $4,989 3.01%
FORT COLLINS, CO (FHA|USDA|VA) 9 $2,785,000 $309,444 $2,433 2.78%
FORT WORTH-ARLINGTON-GRAPEVINE, TX (FHA|USDA|VA) 9 $2,665,000 $296,111 $6,050 2.93%
PHILADELPHIA, PA (FHA|USDA|VA) 7 $2,475,000 $353,571 $3,740 2.79%
GARY, IN (FHA|USDA|VA) 9 $2,305,000 $256,111 $2,717 2.79%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 8 $2,220,000 $277,500 $3,644 2.92%
BOSTON, MA (FHA|USDA|VA) 6 $2,190,000 $365,000 $3,781 2.56%
MIAMI-MIAMI BEACH-KENDALL, FL (FHA|USDA|VA) 6 $2,140,000 $356,667 $6,626 2.77%
JACKSONVILLE, FL (FHA|USDA|VA) 8 $2,090,000 $261,250 $1,956 2.91%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 5 $2,055,000 $411,000 $5,193 2.75%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 6 $1,950,000 $325,000 $6,266 2.88%
COLUMBUS, IN (FHA|USDA|VA) 8 $1,870,000 $233,750 $1,920 2.56%
KANSAS CITY, MO-KS (FHA|USDA|VA) 6 $1,840,000 $306,667 $3,363 2.54%
KNOXVILLE, TN (FHA|USDA|VA) 6 $1,820,000 $303,333 $1,389 2.73%
APPLETON, WI (FHA|USDA|VA) 9 $1,805,000 $200,556 $3,446 2.71%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 4 $1,530,000 $382,500 $1,913 2.63%
AKRON, OH (FHA|USDA|VA) 6 $1,510,000 $251,667 $3,301 2.88%
DULUTH, MN-WI (FHA|USDA|VA) 3 $1,465,000 $488,333 $3,474 2.75%
ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $1,415,000 $283,000 $2,600 2.88%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 4 $1,390,000 $347,500 $2,333 2.63%
DUBUQUE, IA (FHA|USDA|VA) 7 $1,375,000 $196,429 $5,724 3.00%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA (FHA|USDA|VA) 3 $1,365,000 $455,000 $4,799 2.54%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL (FHA|USDA|VA) 5 $1,365,000 $273,000 $3,691 3.03%
WILMINGTON, NC (FHA|USDA|VA) 3 $1,255,000 $418,333 $3,301 2.63%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 3 $1,245,000 $415,000 $2,542 2.83%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 4 $1,200,000 $300,000 $2,301 3.06%
NILES, MI (FHA|USDA|VA) 4 $1,170,000 $292,500 $2,993 2.78%
ASHEVILLE, NC (FHA|USDA|VA) 3 $1,165,000 $388,333 $947 2.79%
PUNTA GORDA, FL (FHA|USDA|VA) 3 $1,145,000 $381,667 $2,183 2.96%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 3 $1,115,000 $371,667 $2,609 2.63%
TUCSON, AZ (FHA|USDA|VA) 4 $1,110,000 $277,500 $2,055 2.66%
TOLEDO, OH (FHA|USDA|VA) 3 $1,085,000 $361,667 $2,167 2.67%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $1,045,000 $348,333 $6,300 2.71%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD (FHA|USDA|VA) 3 $1,035,000 $345,000 $2,980 2.67%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $980,000 $245,000 $5,247 2.59%
SHEBOYGAN, WI (FHA|USDA|VA) 3 $955,000 $318,333 $1,919 2.83%
WINSTON-SALEM, NC (FHA|USDA|VA) 3 $945,000 $315,000 $971 2.50%
PITTSBURGH, PA (FHA|USDA|VA) 3 $925,000 $308,333 $3,043 2.58%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 5 $925,000 $185,000 $3,889 3.43%
TULSA, OK (FHA|USDA|VA) 3 $865,000 $288,333 $7,213 3.04%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $860,000 $430,000 $8,725 2.50%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $845,000 $281,667 $4,444 2.75%
GREEN BAY, WI (FHA|USDA|VA) 4 $840,000 $210,000 $3,718 3.00%
ROCHESTER, MN (FHA|USDA|VA) 2 $780,000 $390,000 $3,037 2.56%
SEATTLE-BELLEVUE-KENT, WA (FHA|USDA|VA) 2 $760,000 $380,000 $2,529 2.94%
FAYETTEVILLE, NC (FHA|USDA|VA) 3 $755,000 $251,667 $3,702 2.33%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $750,000 $375,000 $1,271 2.81%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $750,000 $375,000 $3,045 2.50%
ROANOKE, VA (FHA|USDA|VA) 2 $710,000 $355,000 $1,327 2.75%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $690,000 $345,000 $3,120 2.63%
OWENSBORO, KY (FHA|USDA|VA) 2 $680,000 $340,000 $3,369 3.50%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 4 $670,000 $167,500 $2,616 2.59%
AMES, IA (FHA|USDA|VA) 3 $665,000 $221,667 $2,585 3.04%
GETTYSBURG, PA (FHA|USDA|VA) 2 $660,000 $330,000 $2,942 2.63%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $650,000 $325,000 $1,944 2.75%
WARREN-TROY-FARMINGTON HILLS, MI (FHA|USDA|VA) 2 $640,000 $320,000 $3,629 2.44%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 3 $635,000 $211,667 $2,796 2.71%
SAVANNAH, GA (FHA|USDA|VA) 2 $630,000 $315,000 $3,796 2.63%
PANAMA CITY, FL (FHA|USDA|VA) 2 $610,000 $305,000 $6,356 3.44%
OCALA, FL (FHA|USDA|VA) 3 $605,000 $201,667 $3,172 3.13%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $590,000 $295,000 $8,275 3.13%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 5 $565,000 $113,000 $2,534 2.75%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 2 $560,000 $280,000 $4,887 3.13%
EAU CLAIRE, WI (FHA|USDA|VA) 3 $545,000 $181,667 $4,503 2.96%
TOPEKA, KS (FHA|USDA|VA) 2 $540,000 $270,000 $2,405 3.38%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $530,000 $265,000 $2,479 2.75%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 3 $525,000 $175,000 $3,006 2.75%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $490,000 $245,000 $3,590 2.81%
THE VILLAGES, FL (FHA|USDA|VA) 2 $490,000 $245,000 $3,092 2.63%
FOND DU LAC, WI (FHA|USDA|VA) 5 $485,000 $97,000 $2,354 3.05%
MIDLAND, TX (FHA|USDA|VA) 2 $480,000 $240,000 $8,421 3.44%
CANTON-MASSILLON, OH (FHA|USDA|VA) 2 $480,000 $240,000 $2,409 3.13%
NEWARK, NJ-PA (FHA|USDA|VA) 1 $475,000 $475,000 $5,455 2.75%
ST. CLOUD, MN (FHA|USDA|VA) 2 $460,000 $230,000 $4,045 2.81%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $455,000 $455,000 $9,544 2.50%
Outside of Metro Areas 1 $445,000 $445,000 $2,612 3.13%
MIDLAND, MI (FHA|USDA|VA) 1 $435,000 $435,000 $2,635 2.75%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $425,000 $425,000 $5,354 2.25%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $425,000 $425,000 $2,149 2.63%
SEBASTIAN-VERO BEACH, FL (FHA|USDA|VA) 2 $420,000 $210,000 $6,025 2.88%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 3 $405,000 $135,000 $2,403 2.88%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $405,000 $405,000 $2,731 2.50%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $385,000 $385,000 $2,888 2.38%
GREELEY, CO (FHA|USDA|VA) 1 $385,000 $385,000 $1,329 2.75%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $385,000 $385,000 $2,028 2.88%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $375,000 $375,000 $1,717 2.25%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $365,000 $365,000 $6,170 2.38%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $365,000 $365,000 $5,448 3.25%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $355,000 $355,000 $7,758 3.63%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $355,000 $355,000 $2,748 2.38%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $345,000 $345,000 $2,985 3.50%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $335,000 $335,000 $4,770 2.25%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $335,000 $335,000 $727 2.50%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $335,000 $335,000 $2,737 2.25%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $335,000 $335,000 $5,193 2.63%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $325,000 $325,000 $1,303 2.75%
GOLDSBORO, NC (FHA|USDA|VA) 1 $325,000 $325,000 $2,052 2.88%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $325,000 $325,000 $2,766 2.50%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $325,000 $325,000 $2,344 2.63%
COLUMBIA, MO (FHA|USDA|VA) 1 $315,000 $315,000 $1,112 2.75%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $315,000 $315,000 $4,211 2.63%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $315,000 $315,000 $1,091 2.88%
LANCASTER, PA (FHA|USDA|VA) 1 $315,000 $315,000 $7,748 2.13%
ROCKFORD, IL (FHA|USDA|VA) 3 $315,000 $105,000 $3,295 3.54%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $305,000 $305,000 $2,357 2.38%
KANKAKEE, IL (FHA|USDA|VA) 2 $300,000 $150,000 $1,924 2.94%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 4 $300,000 $75,000 $2,614 3.06%
LYNCHBURG, VA (FHA|USDA|VA) 1 $275,000 $275,000 $11,003 3.25%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $275,000 $275,000 $1,714 3.00%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $270,000 $135,000 $2,823 2.88%
GAINESVILLE, FL (FHA|USDA|VA) 1 $265,000 $265,000 $5,947 2.88%
MUNCIE, IN (FHA|USDA|VA) 1 $245,000 $245,000 $2,310 2.88%
ALBUQUERQUE, NM (FHA|USDA|VA) 2 $230,000 $115,000 $2,722 2.75%
SHERMAN-DENISON, TX (FHA|USDA|VA) 2 $230,000 $115,000 $6,688 3.00%
ABILENE, TX (FHA|USDA|VA) 1 $225,000 $225,000 $9,173 3.13%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $215,000 $215,000 $3,930 2.88%
LAWRENCE, KS (FHA|USDA|VA) 1 $215,000 $215,000 $6,838 3.50%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $215,000 $215,000 $7,536 3.13%
LINCOLN, NE (FHA|USDA|VA) 1 $215,000 $215,000 $6,376 3.75%
LAWTON, OK (FHA|USDA|VA) 1 $195,000 $195,000 $5,594 2.50%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $195,000 $195,000 $3,533 2.88%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $185,000 $185,000 $8,497 2.88%
BOISE CITY, ID (FHA|USDA|VA) 1 $185,000 $185,000 $3,950 3.13%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 2 $180,000 $90,000 $3,341 1.88%
READING, PA (FHA|USDA|VA) 1 $175,000 $175,000 $2,681 2.88%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $175,000 $175,000 $2,294 2.63%
BURLINGTON, NC (FHA|USDA|VA) 1 $165,000 $165,000 $8,260 2.75%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $165,000 $165,000 $5,451 2.88%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $165,000 $165,000 $3,449 2.25%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $155,000 $155,000 $6,608 2.88%
PEORIA, IL (FHA|USDA|VA) 1 $155,000 $155,000 $2,634 2.38%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $4,256 2.88%
BANGOR, ME (FHA|USDA|VA) 1 $135,000 $135,000 $6,092 3.13%
CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $125,000 $125,000 $2,894 3.13%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $125,000 $125,000 $5,379 3.88%
FLINT, MI (FHA|USDA|VA) 1 $115,000 $115,000 $5,649 3.00%
JACKSON, MI (FHA|USDA|VA) 1 $115,000 $115,000 $5,188 2.75%
KOKOMO, IN (FHA|USDA|VA) 1 $115,000 $115,000 $1,891 2.75%
DECATUR, AL (FHA|USDA|VA) 1 $115,000 $115,000 $3,183 3.00%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $105,000 $105,000 $5,293 2.75%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $105,000 $105,000 $3,426 2.75%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $95,000 $95,000 $2,629 2.63%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $55,000 $55,000 $2,638 2.63%
DETROIT-DEARBORN-LIVONIA, MI (FHA|USDA|VA) 1 $45,000 $45,000 $2,890 2.88%

Ixonia Bank's top markets include Milwaukee, Chicago, Minneapolis, Des Moines, and Nashville among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,544 $685,890,000 $269,611 $2,825 2.90%
FHA 356 $75,840,000 $213,034 $7,701 3.03%
VA 169 $48,525,000 $287,130 $5,777 2.69%
USDA 70 $10,080,000 $144,000 $4,511 3.04%

For the 2020 period, Ixonia Bank's most frequently originated loan type of loans were Conventional, with 2,544 originations. Their 2nd most popular type is FHA, with 356 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 1,708 $485,680,000 $284,356 $2,598 2.80%
Home Purchase 1,141 $263,995,000 $231,372 $5,092 3.01%
Cash Out Refi 258 $63,500,000 $246,124 $3,267 3.08%
Other 26 $6,000,000 $230,769 $4,354 3.37%
Home Improvement 6 $1,160,000 $193,333 $2,972 3.13%

For the 2020, Ixonia Bank's most frequently cited loan purpose of loans were Refi, with 1,708 originations. The 2nd most popular reason of loans were Home Purchase, with 1,141 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 2,456 $648,550,000 $264,068 $3,897 2.97%
15 Year 396 $97,350,000 $245,833 $2,313 2.54%
20 Year 167 $45,935,000 $275,060 $2,534 2.89%
Other 81 $21,245,000 $262,284 $3,040 2.87%
10 Year 36 $7,240,000 $201,111 $1,827 2.81%
3 Year 3 $15,000 $5,000 $0 0.00%

For the 2020, Ixonia Bank's most frequently cited loan length of loans were 30 Year, with 2,456 originations. The 2nd most popular length of loans were 15 Year, with 396 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,618 $380,360,000 $235,080
$<1k 1,105 $312,385,000 $282,701
$2k-3k 192 $51,390,000 $267,656
$3k-4k 150 $45,720,000 $304,800
$5k+ 73 $30,315,000 $415,274

$3,897 of loans were Ixonia Bank's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,618 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 1,784 $492,030,000 $275,802
3-4% 824 $190,260,000 $230,898
<2.5% 489 $129,625,000 $265,082
4-5% 37 $7,415,000 $200,405
5-6% 2 $830,000 $415,000
7-8% 2 $10,000 $5,000

During 2020, Ixonia Bank's average interest rate of loans were 2.97%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,784 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,640 $479,060,000 $292,110 $3,752 2.88%
$100k-200k 902 $137,500,000 $152,439 $3,299 2.96%
$400k-600k 378 $173,750,000 $459,656 $3,661 2.83%
$100,000 or less 202 $15,130,000 $74,901 $2,907 2.94%
$600k-1MM 14 $10,690,000 $763,571 $6,581 3.06%
$1MM+ 3 $4,205,000 $1,401,667 $9,816 3.33%

2020 saw Ixonia Bank place emphasis on $200k-400k loans with 1,640 originations, totaling $479,060,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 760 $219,290,000 $288,539 $3,284 2.88%
$50k-75k 607 $122,505,000 $201,820 $4,285 2.96%
$150k-250k 593 $195,275,000 $329,300 $2,907 2.90%
$75k-100k 513 $128,635,000 $250,750 $3,834 2.90%
$50k or less 450 $75,570,000 $167,933 $3,913 2.90%
$250k+ 210 $78,080,000 $371,810 $3,164 2.88%

Ixonia Bank lent most frequently to those with incomes in the $100k-150k range, with 760 originations. The second most popular income band? $50k-75k, with 607 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 816 $225,610,000 $276,483 $2,963 2.87%
30-36% 500 $128,830,000 $257,660 $3,327 2.92%
<20% 391 $105,135,000 $268,887 $2,455 2.82%
44% 115 $30,925,000 $268,913 $3,783 3.03%
50-60% 113 $27,895,000 $246,858 $8,072 2.93%
39% 110 $26,980,000 $245,273 $3,780 2.86%
42% 110 $27,220,000 $247,455 $4,187 3.00%
40% 106 $26,410,000 $249,151 $3,718 3.07%
37% 101 $24,125,000 $238,861 $3,712 2.93%
41% 97 $24,285,000 $250,361 $3,837 3.00%
36% 96 $23,040,000 $240,000 $3,791 2.92%
38% 95 $24,495,000 $257,842 $3,541 2.96%
49% 86 $21,130,000 $245,698 $5,133 2.95%
43% 78 $19,590,000 $251,154 $4,022 3.08%
48% 72 $17,020,000 $236,389 $4,702 3.00%
45% 65 $17,505,000 $269,308 $4,535 2.88%
46% 54 $14,790,000 $273,889 $4,202 2.96%
47% 43 $9,255,000 $215,233 $3,907 2.85%

Ixonia Bank lent most frequently to those with DTI ratios of 20-30%, with 816 originations. The next most common DTI ratio? 30-36%, with 500 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 2,382 $605,950,000 $254,387 $3,447 2.92%
Not provided 462 $136,270,000 $294,957 $3,733 2.83%
Black 147 $36,485,000 $248,197 $5,571 2.96%
Asian 99 $28,945,000 $292,374 $3,030 2.81%
Asian Indian 25 $6,625,000 $265,000 $2,708 2.74%
American Indian 11 $2,455,000 $223,182 $3,779 2.91%
Other Asian 6 $1,780,000 $296,667 $5,680 2.77%
Vietnamese 2 $780,000 $390,000 $1,029 2.88%
Filipino 1 $365,000 $365,000 $5,146 2.88%
Japanese 2 $350,000 $175,000 $3,148 3.13%
Native Hawaiian 1 $165,000 $165,000 $6,674 2.88%
Not applicable 1 $165,000 $165,000 $0 0.00%

Approval Rates

Total approvals of all applications
95.53%

Ixonia 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
71.71%

Ixonia Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 3,139 $820,335,000 $261,336

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Multifamily:Site-Built 1 $165,000 $165,000
Single Family (1-4 Units):Manufactured 1 $205,000 $205,000
Single Family (1-4 Units):Site-Built 3,137 $819,965,000 $261,385

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 106 $23,720,000 $223,774 $2,363 2.68%
40-60% 536 $150,270,000 $280,354 $2,365 2.75%
60-80% 1,235 $346,065,000 $280,215 $2,808 2.92%
80-100% 1,220 $291,560,000 $238,984 $4,847 2.99%
Over 100% 23 $7,485,000 $325,435 $13,101 3.01%
Under 20% 19 $1,235,000 $65,000 $1,067 1.97%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Ixonia Bank 109 Oakridge Court Watertown, WI 53094 Full Service B&M $69,201
Ixonia Bank 1223 East Summit Avenue Oconomowoc, WI 53066 Full Service B&M $52,439
Ixonia Bank 1725 South Church Street Watertown, WI 53094 Full Service B&M $63,036
Ixonia Bank 491 North Main Street Dousman, WI 53118 Full Service B&M $37,225
Ixonia Bank 611 E Wisconsin Ave Milwaukee, WI 53202 Full Service B&M $1,896
Ixonia Bank W 1046 Marietta Ave Ixonia, WI 53036 Full Service B&M $132,247
Ixonia Bank W359n5002 Brown Street Oconomowoc, WI 53066 Full Service B&M $43,589

For 2020, Ixonia Bank had 7 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $19,624
Net interest income $16,214
Total noninterest income $37,921
Gross Fiduciary activities income $0
Service charges on deposit accounts $367
Trading account gains and fees $0
Additional Noninterest Income $37,554
Pre-tax net operating income $11,447
Securities gains (or losses, -) $890
Income before extraordinary items $8,998
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $8,998
Minority interest net income $0
Net income $8,998
Sale, conversion, retirement of capital stock, net $0
Net operating income $8,294

Ixonia Bank's gross interest income from loans was $19,624,000.
Ixonia Bank's net interest income from loans was $16,214,000.
Ixonia Bank's fee based income from loans was $367,000.
Ixonia Bank's net income from loans was $8,998,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $3,410
Provision for credit losses $430
Total noninterest expense $42,258
Salaries and employee benefits $28,470
Premises and equipment expense $2,843
Additional noninterest expense $10,945
Applicable income taxes $3,339
Net charge-offs $174
Cash dividends $0

Ixonia Bank's interest expense for loans was $3,410,000.
Ixonia Bank's payroll and benefits expense were $28,470,000.
Ixonia Bank's property, plant and equipment expenses $2,843,000.

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 $452,308
Deposits held in domestic offices $452,308
Deposits by Individuals, partnerships, and corporations $440,020
Deposits by U.S. Government $2
Deposits by States and political subdivisions in the U.S. $11,293
Deposits by Commercial banks and other depository institutions in U.S. $993
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $150,531
Demand deposits $96,027
Nontransaction accounts $301,777
Money market deposit accounts (MMDAs) $119,558
Other savings deposits (excluding MMDAs) $53,471
Total time deposits $128,748
Total time and savings deposits $356,281
Noninterest-bearing deposits $86,726
Interest-bearing deposits $365,582
Retail deposits $396,142
IRAs and Keogh plan accounts $13,054
Brokered deposits $20,022
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $522,517
Cash & Balances due from depository institutions $111,966
Interest-bearing balances $93,010
Total securities $41,994
Federal funds sold & reverse repurchase $12,644
Net loans and leases $318,846
Loan and leases loss allowance $2,858
Trading account assets $0
Bank premises and fixed assets $12,295
Other real estate owned $3,026
Goodwill and other intangibles $2,270
All other assets $19,476

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $522,517
Total Liabilities $466,615
Total deposits $452,308
Interest-bearing deposits $365,582
Deposits held in domestic offices $452,308
% insured (estimated) $82
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $6,436
Subordinated debt $0
All other liabilities $7,871

Issued Loan Types

Type Value (in 000's)
Net loans and leases $318,846
Loan and leases loss allowance $2,858
Total loans and leases (domestic) $321,704
All real estate loans $210,649
Real estate loans in domestic offices $210,649
Construction and development loans $28,565
Residential 1-4 family construction $2,144
Other construction, all land development and other land $26,421
Loans secured by nonfarm nonresidential properties $90,992
Nonfarm nonresidential secured by owner-occupied properties $67,573
Commercial real estate & other non-farm, non-residential $23,419
Multifamily residential real estate $6,764
1-4 family residential loans $82,825
Farmland loans $1,503
Loans held in foreign offices $0
Farm loans $119
Commercial and industrial loans $109,951
To non-U.S. addressees $0
Loans to individuals $357
Credit card loans $226
Related Plans $5
Consumer Auto Loans $67
Other loans to individuals $59
All other loans & leases $627
Loans to foreign governments and official institutions $0
Other loans $91
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 $25
Non 1-4 family restructured loans & leases $25
Total loans and leases (foreign) $0

Ixonia Bank had $318,846,000 of loans outstanding in 2020. $210,649,000 of loans were in real estate loans. $28,565,000 of loans were in development loans. $6,764,000 of loans were in multifamily mortgage loans. $82,825,000 of loans were in 1-4 family mortgage loans. $119,000 of loans were in farm loans. $226,000 of loans were in credit card loans. $67,000 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 127 $29,892 $235,370
Nonfarm, nonresidential loans - <$100k 32 $884 $27,625
Nonfarm, nonresidential loans - $100-250k 32 $4,036 $126,125
Nonfarm, nonresidential loans - $250k-1MM 63 $24,972 $396,381
Commercial & Industrial, US addressed loans - <$1MM 494 $45,432 $91,968
Commercial & Industrial, US addressed loans - <$100k 300 $6,199 $20,663
Commercial & Industrial, US addressed loans - $100-250k 98 $9,669 $98,663
Commercial & Industrial, US addressed loans - $250k-1MM 96 $29,564 $307,958
Farmland loans - <$1MM 12 $443 $36,917
Farmland loans - <$100k 10 $348 $34,800
Farmland loans - $100-250k 2 $95 $47,500
Agriculture operations loans - <$1MM 6 $119 $19,833
Agriculture operations loans - <$100k 6 $119 $19,833