Ixonia Bank Mortgage Rates, Fees & Info

Ixonia, WI

LEI: 549300T9P3WXNMXX0I34

Tax ID: 39-0369710

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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    • Review & 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 by origination volume include: Milwaukee, Chicago, Minneapolis, Des Moines, and Nashville among others. We have data for 210 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. Ixonia Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    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






    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

    3,139

    Origination Dollar Volume (All Markets)

    $820,335,000

    Employee count

    287 Show all (54) awards

    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) 434 $116,450,000 $268,318 $2,414 2.95%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 354 $86,670,000 $244,831 $3,727 3.01%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 229 $67,005,000 $292,598 $3,745 2.85%
    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) 83 $31,625,000 $381,024 $2,294 2.72%
    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%
    Outside of Metro Areas 89 $18,285,000 $205,449 $4,092 2.95%
    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%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 65 $11,805,000 $181,615 $1,692 2.78%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 38 $11,580,000 $304,737 $5,436 2.75%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 33 $11,535,000 $349,545 $6,444 2.90%
    COLUMBUS, OH (FHA|USDA|VA) 35 $11,215,000 $320,429 $2,731 2.79%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 28 $10,230,000 $365,357 $3,860 2.73%
    Beaver Dam, WI (FHA|USDA|VA) 56 $9,950,000 $177,679 $1,627 2.92%
    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%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 21 $6,955,000 $331,190 $3,688 2.84%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 20 $6,940,000 $347,000 $2,786 2.64%
    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%
    Sterling, IL (FHA|USDA|VA) 53 $6,185,000 $116,698 $3,755 3.16%
    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%
    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%
    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%
    Whitewater, WI (FHA|USDA|VA) 10 $2,270,000 $227,000 $3,213 3.06%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 8 $2,220,000 $277,500 $3,644 2.92%
    Salem, OH (FHA|USDA|VA) 14 $2,190,000 $156,429 $5,180 3.19%
    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%
    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%
    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%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 5 $925,000 $185,000 $3,889 3.43%
    PITTSBURGH, PA (FHA|USDA|VA) 3 $925,000 $308,333 $3,043 2.58%
    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%
    Crossville, TN (FHA|USDA|VA) 2 $830,000 $415,000 $3,394 2.56%
    ROCHESTER, MN (FHA|USDA|VA) 2 $780,000 $390,000 $3,037 2.56%
    Seattle-Tacoma-Bellevue, 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%
    Menomonie, WI (FHA|USDA|VA) 4 $720,000 $180,000 $7,293 2.84%
    Lebanon, NH-VT (FHA|USDA|VA) 2 $720,000 $360,000 $1,267 2.75%
    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%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $685,000 $228,333 $3,383 2.58%
    OWENSBORO, KY (FHA|USDA|VA) 2 $680,000 $340,000 $3,369 3.50%
    Concord, NH (FHA|USDA|VA) 2 $670,000 $335,000 $1,150 2.63%
    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%
    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%
    Dixon, IL (FHA|USDA|VA) 5 $615,000 $123,000 $3,921 3.10%
    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%
    Sturgis, MI (FHA|USDA|VA) 3 $585,000 $195,000 $5,597 2.79%
    Augusta-Waterville, ME (FHA|USDA|VA) 3 $585,000 $195,000 $7,539 3.17%
    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%
    Red Wing, MN (FHA|USDA|VA) 3 $545,000 $181,667 $3,630 2.71%
    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, KY (FHA|USDA|VA) 3 $525,000 $175,000 $3,006 2.75%
    Baraboo, WI (FHA|USDA|VA) 1 $515,000 $515,000 $1,746 2.50%
    Rochelle, IL (FHA|USDA|VA) 5 $505,000 $101,000 $3,698 3.50%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $490,000 $245,000 $3,092 2.63%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $490,000 $245,000 $3,590 2.81%
    FOND DU LAC, WI (FHA|USDA|VA) 5 $485,000 $97,000 $2,354 3.05%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 2 $480,000 $240,000 $2,409 3.13%
    MIDLAND, TX (FHA|USDA|VA) 2 $480,000 $240,000 $8,421 3.44%
    New York-Newark-Jersey City, NY-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%
    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%
    Brainerd, MN (FHA|USDA|VA) 1 $415,000 $415,000 $3,113 2.75%
    Key West, FL (FHA|USDA|VA) 1 $405,000 $405,000 $16,637 2.25%
    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%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $385,000 $385,000 $2,028 2.88%
    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%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $375,000 $375,000 $1,717 2.25%
    Jefferson, GA (FHA|USDA|VA) 1 $375,000 $375,000 $1,505 2.75%
    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%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $355,000 $355,000 $2,748 2.38%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $355,000 $355,000 $7,758 3.63%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $345,000 $345,000 $2,985 3.50%
    Ottawa, IL (FHA|USDA|VA) 2 $340,000 $170,000 $3,862 3.19%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $335,000 $335,000 $5,193 2.63%
    Findlay, OH (FHA|USDA|VA) 1 $335,000 $335,000 $9,813 2.88%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $335,000 $335,000 $727 2.50%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $335,000 $335,000 $4,770 2.25%
    HUNTSVILLE, AL (FHA|USDA|VA) 1 $335,000 $335,000 $2,737 2.25%
    Athens, TX (FHA|USDA|VA) 1 $325,000 $325,000 $1,734 2.88%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $325,000 $325,000 $1,303 2.75%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $325,000 $325,000 $2,344 2.63%
    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%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $315,000 $315,000 $1,091 2.88%
    Milledgeville, GA (FHA|USDA|VA) 1 $315,000 $315,000 $3,469 2.25%
    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%
    ROCKFORD, IL (FHA|USDA|VA) 3 $315,000 $105,000 $3,295 3.54%
    LANCASTER, PA (FHA|USDA|VA) 1 $315,000 $315,000 $7,748 2.13%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $305,000 $305,000 $2,357 2.38%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $305,000 $305,000 $1,998 2.88%
    St. Marys, GA (FHA|USDA|VA) 1 $305,000 $305,000 $2,864 2.50%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 4 $300,000 $75,000 $2,614 3.06%
    KANKAKEE, IL (FHA|USDA|VA) 2 $300,000 $150,000 $1,924 2.94%
    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%
    Corsicana, TX (FHA|USDA|VA) 1 $255,000 $255,000 $10,240 2.88%
    Edwards, CO (FHA|USDA|VA) 1 $255,000 $255,000 $5,704 2.00%
    MUNCIE, IN (FHA|USDA|VA) 1 $245,000 $245,000 $2,310 2.88%
    Shawano, WI (FHA|USDA|VA) 1 $235,000 $235,000 $2,433 2.25%
    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%
    Vincennes, IN (FHA|USDA|VA) 1 $225,000 $225,000 $2,956 2.88%
    ABILENE, TX (FHA|USDA|VA) 1 $225,000 $225,000 $9,173 3.13%
    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%
    LAWRENCE, KS (FHA|USDA|VA) 1 $215,000 $215,000 $6,838 3.50%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $215,000 $215,000 $3,930 2.88%
    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%
    Lumberton, NC (FHA|USDA|VA) 1 $175,000 $175,000 $1,536 3.00%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $165,000 $165,000 $5,451 2.88%
    BURLINGTON, NC (FHA|USDA|VA) 1 $165,000 $165,000 $8,260 2.75%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $165,000 $165,000 $3,449 2.25%
    Brevard, NC (FHA|USDA|VA) 1 $165,000 $165,000 $1,178 2.88%
    PEORIA, IL (FHA|USDA|VA) 1 $155,000 $155,000 $2,634 2.38%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $155,000 $155,000 $6,608 2.88%
    Angola, IN (FHA|USDA|VA) 1 $155,000 $155,000 $4,251 3.25%
    Stillwater, OK (FHA|USDA|VA) 1 $155,000 $155,000 $5,600 3.13%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $4,256 2.88%
    Manitowoc, WI (FHA|USDA|VA) 1 $145,000 $145,000 $345 2.50%
    Holland, MI (FHA|USDA|VA) 1 $145,000 $145,000 $2,470 2.75%
    Pella, IA (FHA|USDA|VA) 1 $145,000 $145,000 $2,406 2.50%
    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%
    Warren, PA (FHA|USDA|VA) 1 $125,000 $125,000 $3,865 3.00%
    KOKOMO, IN (FHA|USDA|VA) 1 $115,000 $115,000 $1,891 2.75%
    JACKSON, MI (FHA|USDA|VA) 1 $115,000 $115,000 $5,188 2.75%
    DECATUR, AL (FHA|USDA|VA) 1 $115,000 $115,000 $3,183 3.00%
    Decatur, IN (FHA|USDA|VA) 1 $115,000 $115,000 $1,187 2.75%
    FLINT, MI (FHA|USDA|VA) 1 $115,000 $115,000 $5,649 3.00%
    Ponca City, OK (FHA|USDA|VA) 1 $105,000 $105,000 $3,817 3.13%
    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%
    Oskaloosa, IA (FHA|USDA|VA) 1 $85,000 $85,000 $2,584 3.00%
    Ottumwa, IA (FHA|USDA|VA) 1 $55,000 $55,000 $3,581 3.00%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $55,000 $55,000 $2,638 2.63%
    Ixonia Bank's top markets include Milwaukee, Chicago, Minneapolis, Des Moines, and Nashville among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2020, Ixonia Bank's most frequently originated type of loan was Conventional, with 2,544 originations. Their 2nd most popular type was FHA, with 356 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2020, Ixonia Bank's most frequently cited loan purpose was Refi, with 1,708 originations. The 2nd most popular reason was 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 2020, Ixonia Bank's most frequently cited loan duration was 30 Year, with 2,456 originations. The 2nd most popular length was 15 Year, with 396 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 87 $26,495,000 $304,540
    $5k+ 73 $30,315,000 $415,274
    $4k-5k 63 $19,225,000 $305,159

    Ixonia Bank's average total fees were $3,897, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.97%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    95.84%

    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
    70.69%

    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