Ixonia Bank Mortgage Rates, Fees & Info
Ixonia, WILEI: 549300T9P3WXNMXX0I34
Tax ID: 39-0369710
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Mortgage Data
Bank Data
Review & Overview
Ixonia Bank is a smaller bank specializing in Refi and Home Purchase loans. Ixonia Bank has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Watertown, Beaver Dam, Madison, and Austin among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Ixonia 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 12/2/24 |
| 30 Year Conventional Purchase | 6.81% | 12/2/24 |
| 30 Year Conventional Refi | 6.81% | 12/2/24 |
| 30 Year Cash-out Refi | 7.02% | 12/2/24 |
| 30 Year FHA Purchase | 7.66% | 12/2/24 |
| 30 Year FHA Refi | 7.67% | 12/2/24 |
| 30 Year VA Purchase | 6.53% | 12/2/24 |
| 30 Year VA Refi | 6.06% | 12/2/24 |
| 30 Year USDA Purchase | 7.10% | 12/2/24 |
| 30 Year USDA Refi | 7.55% | 12/2/24 |
| 15 Year Conventional Purchase | 6.43% | 12/2/24 |
| 15 Year Conventional Refi | 6.29% | 12/2/24 |
| 15 Year Cash-out Refi | 6.29% | 12/2/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Ixonia Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
131Origination Dollar Volume (All Markets)
$27,745,000Employee count
76Top 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) | 52 | $12,010,000 | $230,962 | $0 | 0.00% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 44 | $8,790,000 | $199,773 | $0 | 0.00% |
| Beaver Dam, WI (FHA|USDA|VA) | 16 | $2,340,000 | $146,250 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $1,340,000 | $223,333 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 0.00% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| RACINE, WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Escanaba, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Ixonia Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 131 | $27,745,000 | $211,794 | $0 | 0.00% |
For 2019, Ixonia Bank's most frequently originated type of loan was Conventional, with 131 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 57 | $13,125,000 | $230,263 | $0 | 0.00% |
| Home Purchase | 46 | $9,170,000 | $199,348 | $0 | 0.00% |
| Cash Out Refi | 28 | $5,450,000 | $194,643 | $0 | 0.00% |
For 2019, Ixonia Bank's most frequently cited loan purpose was Refi, with 57 originations. The 2nd most popular reason was Home Purchase, with 46 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 131 | $27,745,000 | $211,794 | $0 | 0.00% |
For 2019, Ixonia Bank's most frequently cited loan duration was Other, with 131 originations.
Loan Sizing
2019 saw Ixonia Bank place emphasis on $200k-400k loans with 58 originations, totaling $15,730,000 in origination value.
Applicant Income
Ixonia Bank lent most frequently to those with incomes in the $100k-150k range, with 34 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% | 131 | $27,745,000 | $211,794 | $0 | 0.00% |
Ixonia Bank lent most frequently to those with DTI ratios of Exempt%, with 131 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.33%
Ixonia Bank has an average approval rate.
Pick Rate
Approvals leading to origination86.26%
Ixonia Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 131 | $27,745,000 | $211,794 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $220,000 | $110,000 |
| Single Family (1-4 Units):Site-Built | 129 | $27,525,000 | $213,372 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Ixonia Bank | 109 Oakridge Court Watertown, WI 53094 | Full Service B&M | $56,849 |
| Ixonia Bank | 1223 East Summit Avenue Oconomowoc, WI 53066 | Full Service B&M | $35,318 |
| Ixonia Bank | 1725 South Church Street Watertown, WI 53094 | Full Service B&M | $55,467 |
| Ixonia Bank | 491 North Main Street Dousman, WI 53118 | Full Service B&M | $29,979 |
| Ixonia Bank | Village Square Drive, 3201 Village Square Drive Hartland, WI 53029 | Full Service B&M | $14,760 |
| Ixonia Bank | W 1046 Marietta Ave Ixonia, WI 53036 | Full Service B&M | $104,725 |
| Ixonia Bank | W359n5002 Brown Street Oconomowoc, WI 53066 | Full Service B&M | $18,195 |
For 2019, Ixonia Bank had 7 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $15,012 |
| Net interest income | $11,837 |
| Total noninterest income | $2,979 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $517 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,462 |
| Pre-tax net operating income | $3,379 |
| Securities gains (or losses, -) | $-12 |
| Income before extraordinary items | $2,429 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $2,429 |
| Minority interest net income | $0 |
| Net income | $2,429 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $2,438 |
Ixonia Bank's gross interest income from loans was $15,012,000.
Ixonia Bank's net interest income from loans was $11,837,000.
Ixonia Bank's fee based income from loans was $517,000.
Ixonia Bank's net income from loans was $2,429,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,175 |
| Provision for credit losses | $150 |
| Total noninterest expense | $11,287 |
| Salaries and employee benefits | $6,582 |
| Premises and equipment expense | $1,742 |
| Additional noninterest expense | $2,963 |
| Applicable income taxes | $938 |
| Net charge-offs | $479 |
| Cash dividends | $0 |
Ixonia Bank's interest expense for loans was $3,175,000.
Ixonia Bank's payroll and benefits expense were $6,582,000.
Ixonia Bank's property, plant and equipment expenses $1,742,000.
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 | $339,598 |
| Deposits held in domestic offices | $339,598 |
| Deposits by Individuals, partnerships, and corporations | $327,074 |
| Deposits by U.S. Government | $8 |
| Deposits by States and political subdivisions in the U.S. | $11,780 |
| Deposits by Commercial banks and other depository institutions in U.S. | $736 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $103,706 |
| Demand deposits | $56,424 |
| Nontransaction accounts | $235,892 |
| Money market deposit accounts (MMDAs) | $89,528 |
| Other savings deposits (excluding MMDAs) | $41,003 |
| Total time deposits | $105,362 |
| Total time and savings deposits | $283,174 |
| Noninterest-bearing deposits | $51,641 |
| Interest-bearing deposits | $287,957 |
| Retail deposits | $298,763 |
| IRAs and Keogh plan accounts | $9,039 |
| Brokered deposits | $21,991 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $389,451 |
| Cash & Balances due from depository institutions | $23,919 |
| Interest-bearing balances | $6,235 |
| Total securities | $94,663 |
| Federal funds sold & reverse repurchase | $8,645 |
| Net loans and leases | $230,283 |
| Loan and leases loss allowance | $2,601 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $11,587 |
| Other real estate owned | $3,026 |
| Goodwill and other intangibles | $820 |
| All other assets | $16,508 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $389,451 |
| Total Liabilities | $343,863 |
| Total deposits | $339,598 |
| Interest-bearing deposits | $287,957 |
| Deposits held in domestic offices | $339,598 |
| % insured (estimated) | $89 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $2,625 |
| Subordinated debt | $0 |
| All other liabilities | $1,640 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $230,283 |
| Loan and leases loss allowance | $2,601 |
| Total loans and leases (domestic) | $232,884 |
| All real estate loans | $145,048 |
| Real estate loans in domestic offices | $145,048 |
| Construction and development loans | $19,739 |
| Residential 1-4 family construction | $3,446 |
| Other construction, all land development and other land | $16,293 |
| Loans secured by nonfarm nonresidential properties | $92,611 |
| Nonfarm nonresidential secured by owner-occupied properties | $63,140 |
| Commercial real estate & other non-farm, non-residential | $29,471 |
| Multifamily residential real estate | $6,673 |
| 1-4 family residential loans | $24,409 |
| Farmland loans | $1,616 |
| Loans held in foreign offices | $0 |
| Farm loans | $108 |
| Commercial and industrial loans | $86,421 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $588 |
| Credit card loans | $297 |
| Related Plans | $6 |
| Consumer Auto Loans | $159 |
| Other loans to individuals | $126 |
| All other loans & leases | $720 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $208 |
| 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 $230,283,000 of loans outstanding in 2019. $145,048,000 of loans were in real estate loans. $19,739,000 of loans were in development loans. $6,673,000 of loans were in multifamily mortgage loans. $24,409,000 of loans were in 1-4 family mortgage loans. $108,000 of loans were in farm loans. $297,000 of loans were in credit card loans. $159,000 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 | $31,017 | $244,228 |
| Nonfarm, nonresidential loans - <$100k | 32 | $1,110 | $34,688 |
| Nonfarm, nonresidential loans - $100-250k | 34 | $4,445 | $130,735 |
| Nonfarm, nonresidential loans - $250k-1MM | 61 | $25,462 | $417,410 |
| Commercial & Industrial, US addressed loans - <$1MM | 268 | $32,873 | $122,660 |
| Commercial & Industrial, US addressed loans - <$100k | 122 | $2,520 | $20,656 |
| Commercial & Industrial, US addressed loans - $100-250k | 65 | $6,047 | $93,031 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 81 | $24,306 | $300,074 |
| Farmland loans - <$1MM | 14 | $527 | $37,643 |
| Farmland loans - <$100k | 11 | $319 | $29,000 |
| Farmland loans - $100-250k | 3 | $208 | $69,333 |
| Agriculture operations loans - <$1MM | 6 | $108 | $18,000 |
| Agriculture operations loans - <$100k | 6 | $108 | $18,000 |