Premier Community Bank Mortgage Rates, Fees & Info

Marion, WI

LEI: 549300WD04PCWCETKZ02

Tax ID: 39-0451504

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Premier Community Bank is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. Premier Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Shawano, Green Bay, Oshkosh, Appleton, and Stevens Point among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Premier Community Bank 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.

    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.

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    Originations

    132

    Origination Dollar Volume (All Markets)

    $22,180,000

    Employee count

    87

    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
    Outside of Metro Areas 63 $10,315,000 $163,730 $0 0.00%
    Shawano, WI (FHA|USDA|VA) 30 $4,980,000 $166,000 $0 0.00%
    GREEN BAY, WI (FHA|USDA|VA) 14 $2,450,000 $175,000 $0 0.00%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 15 $2,355,000 $157,000 $0 0.00%
    APPLETON, WI (FHA|USDA|VA) 4 $1,040,000 $260,000 $0 0.00%
    Stevens Point, WI (FHA|USDA|VA) 4 $710,000 $177,500 $0 0.00%
    MADISON, WI (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    Premier Community Bank's top markets include Shawano, Green Bay, Oshkosh, Appleton, and Stevens Point among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 132 $22,180,000 $168,030 $0 0.00%

    For 2021, Premier Community Bank's most frequently originated type of loan was Conventional, with 132 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 50 $8,170,000 $163,400 $0 0.00%
    Home Purchase 42 $7,270,000 $173,095 $0 0.00%
    Cash Out Refi 37 $6,455,000 $174,459 $0 0.00%
    Other 3 $285,000 $95,000 $0 0.00%

    For 2021, Premier Community Bank's most frequently cited loan purpose was Refi, with 50 originations. The 2nd most popular reason was Home Purchase, with 42 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 132 $22,180,000 $168,030 $0 0.00%

    For 2021, Premier Community Bank's most frequently cited loan duration was Other, with 132 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 58 $8,380,000 $144,483 $0 0.00%
    $100,000 or less 38 $2,680,000 $70,526 $0 0.00%
    $200k-400k 32 $8,720,000 $272,500 $0 0.00%
    $400k-600k 2 $1,020,000 $510,000 $0 0.00%
    $600k-1MM 2 $1,380,000 $690,000 $0 0.00%

    2021 saw Premier Community Bank place emphasis on $100k-200k loans with 58 originations, totaling $8,380,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 33 $3,045,000 $92,273 $0 0.00%
    $50k-75k 32 $4,810,000 $150,313 $0 0.00%
    $100k-150k 25 $5,385,000 $215,400 $0 0.00%
    $75k-100k 13 $2,395,000 $184,231 $0 0.00%
    $150k-250k 9 $2,205,000 $245,000 $0 0.00%
    $250k+ 4 $980,000 $245,000 $0 0.00%

    Premier Community Bank lent most frequently to those with incomes in the $50k or less range, with 33 originations. The second most popular income band? $50k-75k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 132 $22,180,000 $168,030 $0 0.00%

    Premier Community Bank lent most frequently to those with DTI ratios of Exempt%, with 132 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 116 $18,760,000 $161,724 $0 0.00%
    Not applicable 15 $3,255,000 $217,000 $0 0.00%
    Asian 1 $165,000 $165,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.62%

    Premier Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.45%

    Premier Community Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 132 $22,180,000 $168,030

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    132 $22,180,000 $168,030

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Premier Mortgage, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    Premier Mortgage, LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 66.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Premier Community Bank 745 Highway 32 Pulaski, WI 54162 Full Service B&M $62,989
    Premier Community Bank 108 Railroad Avenue Bear Creek, WI 54922 Full Service B&M $15,085
    Premier Community Bank 112 Us Highway 45 Tigerton, WI 54486 Full Service B&M $15,799
    Premier Community Bank 230 Mavis Road Marion, WI 54950 Full Service B&M $80,038
    Premier Community Bank 307 Wolf River Drive Fremont, WI 54940 Full Service B&M $22,194
    Premier Community Bank 431 South Bridge Street Manawa, WI 54949 Full Service B&M $28,651
    Premier Community Bank 505 East State Street Iola, WI 54945 Full Service B&M $27,313
    Premier Community Bank 927 E Main St Winneconne, WI 54986 Full Service B&M $20,356
    Premier Community Bank 936 Furman Drive Waupaca, WI 54981 Full Service B&M $35,903
    Premier Community Bank N4805 Highway 22 Shawano, WI 54166 Full Service B&M $70,881

    For 2021, Premier Community Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,623
    Net interest income $11,827
    Total noninterest income $3,375
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $288
    Trading account gains and fees $0
    Additional Noninterest Income $3,087
    Pre-tax net operating income $3,563
    Securities gains (or losses, -) $45
    Income before extraordinary items $2,760
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,760
    Minority interest net income $0
    Net income $2,760
    Sale, conversion, retirement of capital stock, net $38
    Net operating income $2,724

    Premier Community Bank's gross interest income from loans was $12,623,000.
    Premier Community Bank's net interest income from loans was $11,827,000.
    Premier Community Bank's fee based income from loans was $288,000.
    Premier Community Bank's net income from loans was $2,760,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $796
    Provision for credit losses $400
    Total noninterest expense $11,239
    Salaries and employee benefits $6,475
    Premises and equipment expense $994
    Additional noninterest expense $3,770
    Applicable income taxes $848
    Net charge-offs $6
    Cash dividends $636

    Premier Community Bank's interest expense for loans was $796,000.
    Premier Community Bank's payroll and benefits expense were $6,475,000.
    Premier Community Bank's property, plant and equipment expenses $994,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    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 $387,301
    Deposits held in domestic offices $387,301
    Deposits by Individuals, partnerships, and corporations $313,753
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $73,548
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $231,939
    Demand deposits $51,542
    Nontransaction accounts $155,362
    Money market deposit accounts (MMDAs) $51,362
    Other savings deposits (excluding MMDAs) $78,819
    Total time deposits $25,179
    Total time and savings deposits $335,759
    Noninterest-bearing deposits $51,542
    Interest-bearing deposits $335,759
    Retail deposits $383,782
    IRAs and Keogh plan accounts $11,292
    Brokered deposits $193
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $432,626
    Cash & Balances due from depository institutions $41,795
    Interest-bearing balances $27,106
    Total securities $120,795
    Federal funds sold & reverse repurchase $24,758
    Net loans and leases $225,406
    Loan and leases loss allowance $4,363
    Trading account assets $0
    Bank premises and fixed assets $5,298
    Other real estate owned $0
    Goodwill and other intangibles $468
    All other assets $14,106

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $432,626
    Total Liabilities $392,645
    Total deposits $387,301
    Interest-bearing deposits $335,759
    Deposits held in domestic offices $387,301
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $5,344

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $225,406
    Loan and leases loss allowance $4,363
    Total loans and leases (domestic) $229,769
    All real estate loans $181,001
    Real estate loans in domestic offices $181,001
    Construction and development loans $2,649
    Residential 1-4 family construction $2,236
    Other construction, all land development and other land $413
    Loans secured by nonfarm nonresidential properties $82,944
    Nonfarm nonresidential secured by owner-occupied properties $58,253
    Commercial real estate & other non-farm, non-residential $24,691
    Multifamily residential real estate $6,884
    1-4 family residential loans $41,094
    Farmland loans $47,430
    Loans held in foreign offices $0
    Farm loans $8,671
    Commercial and industrial loans $21,042
    To non-U.S. addressees $0
    Loans to individuals $7,007
    Credit card loans $212
    Related Plans $99
    Consumer Auto Loans $4,446
    Other loans to individuals $2,250
    All other loans & leases $12,048
    Loans to foreign governments and official institutions $0
    Other loans $1,061
    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 $1,749
    Non 1-4 family restructured loans & leases $1,645
    Total loans and leases (foreign) $0

    Premier Community Bank had $225,406,000 of loans outstanding in 2021. $181,001,000 of loans were in real estate loans. $2,649,000 of loans were in development loans. $6,884,000 of loans were in multifamily mortgage loans. $41,094,000 of loans were in 1-4 family mortgage loans. $8,671,000 of loans were in farm loans. $212,000 of loans were in credit card loans. $4,446,000 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 278 $40,035 $144,011
    Nonfarm, nonresidential loans - <$100k 138 $5,623 $40,746
    Nonfarm, nonresidential loans - $100-250k 77 $9,057 $117,623
    Nonfarm, nonresidential loans - $250k-1MM 63 $25,355 $402,460
    Commercial & Industrial, US addressed loans - <$1MM 209 $15,008 $71,809
    Commercial & Industrial, US addressed loans - <$100k 151 $3,652 $24,185
    Commercial & Industrial, US addressed loans - $100-250k 37 $3,886 $105,027
    Commercial & Industrial, US addressed loans - $250k-1MM 21 $7,470 $355,714
    Farmland loans - <$1MM 204 $24,040 $117,843
    Farmland loans - <$100k 80 $3,897 $48,713
    Farmland loans - $100-250k 66 $8,461 $128,197
    Farmland loans - $250k-1MM 58 $11,682 $201,414
    Agriculture operations loans - <$1MM 159 $5,324 $33,484
    Agriculture operations loans - <$100k 135 $3,335 $24,704
    Agriculture operations loans - $100-250k 13 $1,545 $118,846
    Agriculture operations loans - $250k-1MM 11 $444 $40,364