Sunset Bank & Savings Mortgage Rates, Fees & Info
Waukesha, WILEI: 549300TU1SISIUY3SK49
Tax ID: 39-1964828
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Mortgage Data
Bank Data
Review & Overview
Sunset Bank & Savings is a smaller bank specializing in Home Purchase and Refi loans. Sunset Bank & Savings has a high proportion of conventional loans. Their top two markets are Milwaukee and Racine .Sunset Bank & Savings has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
128Origination Dollar Volume (All Markets)
$28,830,000Employee count
28Top 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) | 111 | $24,755,000 | $223,018 | $0 | 0.00% |
| Outside of Metro Areas | 16 | $3,890,000 | $243,125 | $0 | 0.00% |
| RACINE, WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 128 | $28,830,000 | $225,234 | $0 | 0.00% |
For 2018, Sunset Bank & Savings's most frequently originated type of loan was Conventional, with 128 originations.
Loan Reason
For 2018, Sunset Bank & Savings's most frequently cited loan purpose was Home Purchase, with 83 originations. The 2nd most popular reason was Refi, with 40 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 128 | $28,830,000 | $225,234 | $0 | 0.00% |
For 2018, Sunset Bank & Savings's most frequently cited loan duration was Other, with 128 originations.
Loan Sizing
2018 saw Sunset Bank & Savings place emphasis on $200k-400k loans with 51 originations, totaling $14,685,000 in origination value.
Applicant Income
Sunset Bank & Savings lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $75k-100k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 128 | $28,830,000 | $225,234 | $0 | 0.00% |
Sunset Bank & Savings lent most frequently to those with DTI ratios of Exempt%, with 128 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.14%
Sunset Bank & Savings has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.97%
Sunset Bank & Savings has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 128 | $28,830,000 | $225,234 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 7 | $2,905,000 | $415,000 |
| Single Family (1-4 Units):Site-Built | 121 | $25,925,000 | $214,256 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SUN WEST MORTGAGE COMPANY, INC. | Conventional home mortgage | Trouble during payment process | 1 | 10.0% |
| SUN WEST MORTGAGE COMPANY, INC. | FHA mortgage | Closing on a mortgage | 1 | 10.0% |
| SUN WEST MORTGAGE COMPANY, INC. | FHA mortgage | Struggling to pay mortgage | 1 | 10.0% |
| SUN WEST MORTGAGE COMPANY, INC. | FHA mortgage | Trouble during payment process | 3 | 30.0% |
| SUN WEST MORTGAGE COMPANY, INC. | Other type of mortgage | Struggling to pay mortgage | 2 | 20.0% |
| SUN WEST MORTGAGE COMPANY, INC. | VA mortgage | Trouble during payment process | 2 | 20.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Sunset Bank & Savings | 2500 North Grandview Boulevard Waukesha, WI 53188 | Full Service B&M | $7,789 |
| Sunset Bank & Savings | 521 West Sunset Drive Waukesha, WI 53189 | Full Service B&M | $99,755 |
For 2018, Sunset Bank & Savings had 2 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $4,896 |
| Net interest income | $3,958 |
| Total noninterest income | $798 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $112 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $686 |
| Pre-tax net operating income | $560 |
| Securities gains (or losses, -) | $8 |
| Income before extraordinary items | $487 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $487 |
| Minority interest net income | $0 |
| Net income | $487 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $480 |
Sunset Bank & Savings's gross interest income from loans was $4,896,000.
Sunset Bank & Savings's net interest income from loans was $3,958,000.
Sunset Bank & Savings's fee based income from loans was $112,000.
Sunset Bank & Savings's net income from loans was $487,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $938 |
| Provision for credit losses | $110 |
| Total noninterest expense | $4,086 |
| Salaries and employee benefits | $2,280 |
| Premises and equipment expense | $480 |
| Additional noninterest expense | $1,326 |
| Applicable income taxes | $81 |
| Net charge-offs | $6 |
| Cash dividends | $125 |
Sunset Bank & Savings's interest expense for loans was $938,000.
Sunset Bank & Savings's payroll and benefits expense were $2,280,000.
Sunset Bank & Savings's property, plant and equipment expenses $480,000.
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 | 5.0% |
| 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 | $105,838 |
| Deposits held in domestic offices | $105,838 |
| Deposits by Individuals, partnerships, and corporations | $97,602 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $0 |
| Deposits by Commercial banks and other depository institutions in U.S. | $8,236 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $22,883 |
| Demand deposits | $14,445 |
| Nontransaction accounts | $82,955 |
| Money market deposit accounts (MMDAs) | $12,364 |
| Other savings deposits (excluding MMDAs) | $16,842 |
| Total time deposits | $53,750 |
| Total time and savings deposits | $91,393 |
| Noninterest-bearing deposits | $14,445 |
| Interest-bearing deposits | $91,393 |
| Retail deposits | $102,803 |
| IRAs and Keogh plan accounts | $11,465 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $127,073 |
| Cash & Balances due from depository institutions | $1,862 |
| Interest-bearing balances | $31 |
| Total securities | $10,865 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $100,106 |
| Loan and leases loss allowance | $924 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,886 |
| Other real estate owned | $1,745 |
| Goodwill and other intangibles | $0 |
| All other assets | $8,609 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $127,072 |
| Total Liabilities | $111,505 |
| Total deposits | $105,838 |
| Interest-bearing deposits | $91,393 |
| Deposits held in domestic offices | $105,838 |
| % insured (estimated) | $95 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $4,175 |
| Subordinated debt | $0 |
| All other liabilities | $1,492 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $100,106 |
| Loan and leases loss allowance | $924 |
| Total loans and leases (domestic) | $101,030 |
| All real estate loans | $93,049 |
| Real estate loans in domestic offices | $93,049 |
| Construction and development loans | $9,989 |
| Residential 1-4 family construction | $5,497 |
| Other construction, all land development and other land | $4,492 |
| Loans secured by nonfarm nonresidential properties | $22,582 |
| Nonfarm nonresidential secured by owner-occupied properties | $18,791 |
| Commercial real estate & other non-farm, non-residential | $3,791 |
| Multifamily residential real estate | $8,421 |
| 1-4 family residential loans | $51,815 |
| Farmland loans | $242 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $6,965 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $1,017 |
| Credit card loans | $0 |
| Related Plans | $3 |
| Consumer Auto Loans | $228 |
| Other loans to individuals | $786 |
| All other loans & leases | $0 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| 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 | $452 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Sunset Bank & Savings had $100,106,000 of loans outstanding in 2018. $93,049,000 of loans were in real estate loans. $9,989,000 of loans were in development loans. $8,421,000 of loans were in multifamily mortgage loans. $51,815,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $228,000 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 | 63 | $17,286 | $274,381 |
| Nonfarm, nonresidential loans - <$100k | 9 | $615 | $68,333 |
| Nonfarm, nonresidential loans - $100-250k | 18 | $2,539 | $141,056 |
| Nonfarm, nonresidential loans - $250k-1MM | 36 | $14,132 | $392,556 |
| Commercial & Industrial, US addressed loans - <$1MM | 116 | $6,638 | $57,224 |
| Commercial & Industrial, US addressed loans - <$100k | 80 | $1,620 | $20,250 |
| Commercial & Industrial, US addressed loans - $100-250k | 20 | $1,755 | $87,750 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 16 | $3,263 | $203,938 |
| Farmland loans - <$1MM | 2 | $242 | $121,000 |
| Farmland loans - <$100k | 1 | $81 | $81,000 |
| Farmland loans - $100-250k | 1 | $161 | $161,000 |