Washington County Bank Mortgage Rates, Fees & Info

Blair, NE

LEI: 549300XZ04HOB5HTR562

Tax ID: 47-0328540

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    Washington County Bank is a smaller bank specializing in Refi and Home Purchase loans. Washington County Bank has a high proportion of conventional loans. Washington County Bank has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Phoenix, Fergus Falls, and Fremont among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Washington County Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Washington County 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.

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    Originations

    101

    Origination Dollar Volume (All Markets)

    $15,325,000

    Employee count

    75

    Awards

    Washington County Bank 30 Year Conventional Loans gold Washington County Bank 30 Year Conventional Loans gold
    Show all (2) 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
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 76 $11,700,000 $153,947 $1,248 5.15%
    Outside of Metro Areas 22 $2,130,000 $96,818 $1,506 5.48%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $0 0.00%
    Fergus Falls, MN (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    Fremont, NE (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Washington County Bank's top markets include Omaha, Phoenix, Fergus Falls, and Fremont among others.

    Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Washington County Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    LIBERTY FIRST
    Similarity Rank: 153
    CHARTER WEST BANK
    Similarity Rank: 246
    Washington County Bank
    Similarity Rank: 255
    Central National Bank
    Similarity Rank: 290
    MUTUAL FIRST
    Similarity Rank: 297
    Lincoln FSB of Nebraska
    Similarity Rank: 304
    First State Bank
    Similarity Rank: 312
    CORNHUSKER BANK
    Similarity Rank: 392
    Cobalt Credit Union
    Similarity Rank: 465
    VERIDIAN CREDIT UNION
    Similarity Rank: 966

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 62 $8,310,000 $134,032 $0 0.00%
    Conventional 39 $7,015,000 $179,872 $1,271 5.19%

    For 2018, Washington County Bank's most frequently originated type of loan was Conventional, with 62 originations. Their 2nd most popular type was Conventional, with 39 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 56 $8,500,000 $151,786 $861 5.26%
    Home Purchase 38 $5,230,000 $137,632 $1,613 5.10%
    Home Improvement 4 $190,000 $47,500 $0 0.00%
    Other 3 $1,405,000 $468,333 $0 0.00%

    For 2018, Washington County Bank's most frequently cited loan purpose was Refi, with 56 originations. The 2nd most popular reason was Home Purchase, with 38 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 70 $9,440,000 $134,857 $1,511 5.22%
    30 Year 13 $1,605,000 $123,462 $1,252 4.83%
    5 Year 11 $1,975,000 $179,545 $703 5.64%
    20 Year 4 $590,000 $147,500 $1,148 5.13%
    10 Year 2 $1,680,000 $840,000 $0 5.38%
    15 Year 1 $35,000 $35,000 $0 4.63%

    For 2018, Washington County Bank's most frequently cited loan duration was Other, with 70 originations. The 2nd most popular length was 30 Year, with 13 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 21 $2,425,000 $115,476
    $1k-2k 1 $345,000 $345,000

    Washington County Bank's average total fees were $1,252, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 21 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 22 $5,180,000 $235,455
    4-5% 16 $1,810,000 $113,125
    6-7% 1 $25,000 $25,000

    During 2018, Washington County Bank's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 5-6%, with 22 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 47 $2,705,000 $57,553 $1,217 5.18%
    $100k-200k 31 $4,195,000 $135,323 $1,145 5.25%
    $200k-400k 20 $4,910,000 $245,500 $1,661 5.05%
    $1MM+ 2 $2,760,000 $1,380,000 $0 5.25%
    $600k-1MM 1 $755,000 $755,000 $0 5.15%

    2018 saw Washington County Bank place emphasis on $100,000 or less loans with 47 originations, totaling $2,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 19 $2,595,000 $136,579 $1,977 5.16%
    $50k or less 18 $1,660,000 $92,222 $1,235 4.86%
    $50k-75k 16 $1,550,000 $96,875 $1,230 4.85%
    $150k-250k 14 $2,920,000 $208,571 $838 5.29%
    $100k-150k 11 $1,695,000 $154,091 $1,089 5.42%
    $250k+ 2 $160,000 $80,000 $1,406 5.50%

    Washington County Bank lent most frequently to those with incomes in the $75k-100k range, with 19 originations. The second most popular income band? $50k or less, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 62 $8,310,000 $134,032 $0 0.00%
    20-30% 6 $860,000 $143,333 $1,066 5.27%
    30-36% 5 $375,000 $75,000 $1,019 4.73%
    <20% 3 $255,000 $85,000 $1,373 5.17%
    50-60% 3 $325,000 $108,333 $736 5.00%
    47% 2 $330,000 $165,000 $0 5.95%
    38% 2 $320,000 $160,000 $1,036 4.63%
    >60% 2 $410,000 $205,000 $2,739 4.88%
    37% 2 $170,000 $85,000 $1,358 5.31%
    42% 1 $135,000 $135,000 $1,259 4.50%
    46% 1 $75,000 $75,000 $1,762 4.75%
    36% 1 $85,000 $85,000 $712 4.75%

    Washington County Bank lent most frequently to those with DTI ratios of Exempt%, with 62 originations. The next most common DTI ratio? 20-30%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 83 $11,535,000 $138,976 $1,247 5.06%
    Not applicable 17 $3,555,000 $209,118 $0 5.65%
    Asian 1 $235,000 $235,000 $1,787 5.50%

    Approval Rates

    Total approvals of all applications
    86.23%

    Washington County Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.17%

    Washington County Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 62 $8,310,000 $134,032
    NA 39 $7,015,000 $179,872

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $3,225,000 $460,714
    Single Family (1-4 Units):Manufactured 3 $165,000 $55,000
    Single Family (1-4 Units):Site-Built 91 $11,935,000 $131,154

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $90,000 $45,000 $1,058 5.75%
    40-60% 6 $820,000 $136,667 $1,779 5.13%
    60-80% 12 $3,710,000 $309,167 $1,017 5.21%
    80-100% 14 $1,770,000 $126,429 $1,312 4.99%
    Over 100% 3 $585,000 $195,000 $0 5.80%
    Under 20% 2 $40,000 $20,000 $703 5.25%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Conventional home mortgage Closing on a mortgage 1 14.3%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Conventional home mortgage Struggling to pay mortgage 1 14.3%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 1 14.3%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION FHA mortgage Struggling to pay mortgage 1 14.3%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Other type of mortgage Closing on a mortgage 3 42.9%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Washington County Bank 1523 Washington Street Blair, NE 68008 Full Service B&M $245,813
    Washington County Bank 303 South 13th Street Tekamah, NE 68061 Full Service B&M $50,073

    For 2018, Washington County Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,427
    Net interest income $13,686
    Total noninterest income $2,005
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $719
    Trading account gains and fees $0
    Additional Noninterest Income $1,286
    Pre-tax net operating income $6,575
    Securities gains (or losses, -) $-2
    Income before extraordinary items $5,111
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,111
    Minority interest net income $0
    Net income $5,111
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,112

    Washington County Bank's gross interest income from loans was $15,427,000.
    Washington County Bank's net interest income from loans was $13,686,000.
    Washington County Bank's fee based income from loans was $719,000.
    Washington County Bank's net income from loans was $5,111,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,741
    Provision for credit losses $336
    Total noninterest expense $8,780
    Salaries and employee benefits $5,286
    Premises and equipment expense $618
    Additional noninterest expense $2,876
    Applicable income taxes $1,462
    Net charge-offs $394
    Cash dividends $868

    Washington County Bank's interest expense for loans was $1,741,000.
    Washington County Bank's payroll and benefits expense were $5,286,000.
    Washington County Bank's property, plant and equipment expenses $618,000.

    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 2.0%
    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 $376,407
    Deposits held in domestic offices $376,407
    Deposits by Individuals, partnerships, and corporations $348,285
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $25,122
    Deposits by Commercial banks and other depository institutions in U.S. $3,000
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $149,520
    Demand deposits $75,249
    Nontransaction accounts $226,887
    Money market deposit accounts (MMDAs) $134,657
    Other savings deposits (excluding MMDAs) $20,671
    Total time deposits $71,559
    Total time and savings deposits $301,158
    Noninterest-bearing deposits $73,786
    Interest-bearing deposits $302,621
    Retail deposits $365,289
    IRAs and Keogh plan accounts $11,280
    Brokered deposits $3,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $432,110
    Cash & Balances due from depository institutions $17,491
    Interest-bearing balances $8,049
    Total securities $52,222
    Federal funds sold & reverse repurchase $56,100
    Net loans and leases $294,637
    Loan and leases loss allowance $3,546
    Trading account assets $0
    Bank premises and fixed assets $3,559
    Other real estate owned $550
    Goodwill and other intangibles $1,967
    All other assets $5,584

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $432,110
    Total Liabilities $392,792
    Total deposits $376,407
    Interest-bearing deposits $302,621
    Deposits held in domestic offices $376,407
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $14,842
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,543

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $294,637
    Loan and leases loss allowance $3,546
    Total loans and leases (domestic) $298,183
    All real estate loans $123,074
    Real estate loans in domestic offices $123,074
    Construction and development loans $11,583
    Residential 1-4 family construction $9,363
    Other construction, all land development and other land $2,220
    Loans secured by nonfarm nonresidential properties $32,352
    Nonfarm nonresidential secured by owner-occupied properties $7,185
    Commercial real estate & other non-farm, non-residential $25,167
    Multifamily residential real estate $1,357
    1-4 family residential loans $43,662
    Farmland loans $34,120
    Loans held in foreign offices $0
    Farm loans $144,495
    Commercial and industrial loans $23,471
    To non-U.S. addressees $0
    Loans to individuals $5,602
    Credit card loans $0
    Related Plans $1,090
    Consumer Auto Loans $2,381
    Other loans to individuals $2,131
    All other loans & leases $1,541
    Loans to foreign governments and official institutions $0
    Other loans $335
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Washington County Bank had $294,637,000 of loans outstanding in 2018. $123,074,000 of loans were in real estate loans. $11,583,000 of loans were in development loans. $1,357,000 of loans were in multifamily mortgage loans. $43,662,000 of loans were in 1-4 family mortgage loans. $144,495,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,381,000 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 202 $28,699 $142,074
    Nonfarm, nonresidential loans - <$100k 94 $4,683 $49,819
    Nonfarm, nonresidential loans - $100-250k 71 $10,203 $143,704
    Nonfarm, nonresidential loans - $250k-1MM 37 $13,813 $373,324
    Commercial & Industrial, US addressed loans - <$1MM 289 $17,374 $60,118
    Commercial & Industrial, US addressed loans - <$100k 212 $5,525 $26,061
    Commercial & Industrial, US addressed loans - $100-250k 50 $4,775 $95,500
    Commercial & Industrial, US addressed loans - $250k-1MM 27 $7,074 $262,000
    Farmland loans - <$1MM 193 $23,444 $121,472
    Farmland loans - <$100k 50 $2,009 $40,180
    Farmland loans - $100-250k 98 $10,677 $108,949
    Farmland loans - $250k-1MM 45 $10,758 $239,067
    Agriculture operations loans - <$1MM 2,527 $119,269 $47,198
    Agriculture operations loans - <$100k 2,035 $65,317 $32,097
    Agriculture operations loans - $100-250k 434 $41,581 $95,809
    Agriculture operations loans - $250k-1MM 58 $12,371 $213,293