Ixonia Bank Mortgage Rates, Fees & Info

Ixonia, WI

LEI: 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.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 3/28/24
30 Year Conventional Purchase 6.81% 3/28/24
30 Year Conventional Refi 6.81% 3/28/24
30 Year Cash-out Refi 7.02% 3/28/24
30 Year FHA Purchase 7.66% 3/28/24
30 Year FHA Refi 7.67% 3/28/24
30 Year VA Purchase 6.53% 3/28/24
30 Year VA Refi 6.06% 3/28/24
30 Year USDA Purchase 7.10% 3/28/24
30 Year USDA Refi 7.55% 3/28/24
15 Year Conventional Purchase 6.43% 3/28/24
15 Year Conventional Refi 6.29% 3/28/24
15 Year Cash-out Refi 6.29% 3/28/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Ixonia Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

131

Origination Dollar Volume (All Markets)

$27,745,000

Employee count

76

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) 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%
Ixonia Bank's top markets include Milwaukee, Watertown, Beaver Dam, Madison, and Austin among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • 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.

    Eglin Federal Credit Union
    Similarity Rank: 9
    SOMERSET
    Similarity Rank: 26
    Piscataqua Savings Bank
    Similarity Rank: 52
    ASCENTRA
    Similarity Rank: 54
    EDUCATORS CREDIT UNION
    Similarity Rank: 66
    ABNB Federal Credit Union
    Similarity Rank: 75
    Rhode Island Credit Union
    Similarity Rank: 116
    CASCO
    Similarity Rank: 126

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 58 $15,730,000 $271,207 $0 0.00%
    $100k-200k 53 $8,045,000 $151,792 $0 0.00%
    $100,000 or less 14 $1,030,000 $73,571 $0 0.00%
    $400k-600k 5 $2,315,000 $463,000 $0 0.00%
    $600k-1MM 1 $625,000 $625,000 $0 0.00%

    2019 saw Ixonia Bank place emphasis on $200k-400k loans with 58 originations, totaling $15,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 34 $7,970,000 $234,412 $0 0.00%
    $50k-75k 26 $4,130,000 $158,846 $0 0.00%
    $75k-100k 26 $5,190,000 $199,615 $0 0.00%
    $50k or less 15 $1,875,000 $125,000 $0 0.00%
    $150k-250k 13 $4,015,000 $308,846 $0 0.00%
    $250k+ 10 $3,350,000 $335,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 129 $27,325,000 $211,822 $0 0.00%
    Not applicable 1 $215,000 $215,000 $0 0.00%
    Not provided 1 $205,000 $205,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.33%

    Ixonia Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.26%

    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