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

Jump to:

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 Home Purchase and Refi loans. Washington County Bank has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Fremont, and Mason City among others. We have data for 4 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.

    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.


    Originations

    79

    Origination Dollar Volume (All Markets)

    $11,035,000

    Employee count

    75

    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) 64 $9,400,000 $146,875 $0 0.00%
    Outside of Metro Areas 12 $1,310,000 $109,167 $0 0.00%
    Fremont, NE (FHA|USDA|VA) 2 $170,000 $85,000 $0 0.00%
    Mason City, IA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Washington County Bank's top markets include Omaha, Fremont, and Mason City among others.

    Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Iowa (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: 81
    MUTUAL FIRST
    Similarity Rank: 276
    Central National Bank
    Similarity Rank: 363
    CORNHUSKER BANK
    Similarity Rank: 435
    Cobalt Credit Union
    Similarity Rank: 582
    CHARTER WEST BANK
    Similarity Rank: 644
    CENTRIS FEDERAL CREDIT UNION
    Similarity Rank: 774
    FRONTIER FINANCIAL, INC.
    Similarity Rank: 1311
    Union Bank and Trust Company
    Similarity Rank: 1548
    Farm Credit Services of America, FLCA
    Similarity Rank: 1768

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 79 $11,035,000 $139,684 $0 0.00%

    For 2019, Washington County Bank's most frequently originated type of loan was Conventional, with 79 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 47 $6,615,000 $140,745 $0 0.00%
    Refi 28 $4,250,000 $151,786 $0 0.00%
    Home Improvement 3 $125,000 $41,667 $0 0.00%
    Other 1 $45,000 $45,000 $0 0.00%

    For 2019, Washington County Bank's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 79 $11,035,000 $139,684 $0 0.00%

    For 2019, Washington County Bank's most frequently cited loan duration was Other, with 79 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 40 $2,520,000 $63,000 $0 0.00%
    $100k-200k 25 $3,425,000 $137,000 $0 0.00%
    $200k-400k 8 $2,340,000 $292,500 $0 0.00%
    $400k-600k 6 $2,750,000 $458,333 $0 0.00%

    2019 saw Washington County Bank place emphasis on $100,000 or less loans with 40 originations, totaling $2,520,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 15 $2,535,000 $169,000 $0 0.00%
    $50k-75k 15 $1,305,000 $87,000 $0 0.00%
    $75k-100k 14 $1,580,000 $112,857 $0 0.00%
    $50k or less 12 $920,000 $76,667 $0 0.00%
    $250k+ 7 $1,245,000 $177,857 $0 0.00%
    $150k-250k 5 $955,000 $191,000 $0 0.00%

    Washington County Bank lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $50k-75k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 79 $11,035,000 $139,684 $0 0.00%

    Washington County Bank lent most frequently to those with DTI ratios of Exempt%, with 79 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 69 $8,865,000 $128,478 $0 0.00%
    Not applicable 10 $2,170,000 $217,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.33%

    Washington County Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    56.96%

    Washington County Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 79 $11,035,000 $139,684

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,850,000 $462,500
    Single Family (1-4 Units):Manufactured 2 $180,000 $90,000
    Single Family (1-4 Units):Site-Built 73 $9,005,000 $123,356

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 3 60.0%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Other type of mortgage Trouble during payment process 1 20.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Washington County Bank 101 North 14th Street Fort Calhoun, NE 68023 Full Service B&M $15,740
    Washington County Bank 1523 Washington Street Blair, NE 68008 Full Service B&M $307,854
    Washington County Bank 303 South 13th Street Tekamah, NE 68061 Full Service B&M $52,978

    For 2019, Washington County Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $18,013
    Net interest income $15,082
    Total noninterest income $2,168
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $746
    Trading account gains and fees $0
    Additional Noninterest Income $1,422
    Pre-tax net operating income $7,248
    Securities gains (or losses, -) $3
    Income before extraordinary items $5,625
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,625
    Minority interest net income $0
    Net income $5,625
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,622

    Washington County Bank's gross interest income from loans was $18,013,000.
    Washington County Bank's net interest income from loans was $15,082,000.
    Washington County Bank's fee based income from loans was $746,000.
    Washington County Bank's net income from loans was $5,625,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,931
    Provision for credit losses $576
    Total noninterest expense $9,426
    Salaries and employee benefits $5,749
    Premises and equipment expense $653
    Additional noninterest expense $3,024
    Applicable income taxes $1,626
    Net charge-offs $205
    Cash dividends $1,725

    Washington County Bank's interest expense for loans was $2,931,000.
    Washington County Bank's payroll and benefits expense were $5,749,000.
    Washington County Bank's property, plant and equipment expenses $653,000.

    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 $381,997
    Deposits held in domestic offices $381,997
    Deposits by Individuals, partnerships, and corporations $341,834
    Deposits by U.S. Government $3
    Deposits by States and political subdivisions in the U.S. $34,953
    Deposits by Commercial banks and other depository institutions in U.S. $5,207
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $147,610
    Demand deposits $75,369
    Nontransaction accounts $234,387
    Money market deposit accounts (MMDAs) $134,073
    Other savings deposits (excluding MMDAs) $21,140
    Total time deposits $79,174
    Total time and savings deposits $306,628
    Noninterest-bearing deposits $75,368
    Interest-bearing deposits $306,629
    Retail deposits $364,886
    IRAs and Keogh plan accounts $11,393
    Brokered deposits $3,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $441,212
    Cash & Balances due from depository institutions $40,640
    Interest-bearing balances $33,572
    Total securities $53,589
    Federal funds sold & reverse repurchase $13,900
    Net loans and leases $321,468
    Loan and leases loss allowance $3,917
    Trading account assets $0
    Bank premises and fixed assets $3,404
    Other real estate owned $280
    Goodwill and other intangibles $1,830
    All other assets $6,101

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $441,212
    Total Liabilities $397,309
    Total deposits $381,997
    Interest-bearing deposits $306,629
    Deposits held in domestic offices $381,997
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $14,002
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,310

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $321,468
    Loan and leases loss allowance $3,917
    Total loans and leases (domestic) $325,385
    All real estate loans $130,123
    Real estate loans in domestic offices $130,123
    Construction and development loans $10,951
    Residential 1-4 family construction $8,554
    Other construction, all land development and other land $2,397
    Loans secured by nonfarm nonresidential properties $34,270
    Nonfarm nonresidential secured by owner-occupied properties $8,512
    Commercial real estate & other non-farm, non-residential $25,758
    Multifamily residential real estate $848
    1-4 family residential loans $50,044
    Farmland loans $34,010
    Loans held in foreign offices $0
    Farm loans $158,481
    Commercial and industrial loans $28,536
    To non-U.S. addressees $0
    Loans to individuals $5,606
    Credit card loans $0
    Related Plans $899
    Consumer Auto Loans $2,535
    Other loans to individuals $2,172
    All other loans & leases $2,639
    Loans to foreign governments and official institutions $0
    Other loans $199
    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 $321,468,000 of loans outstanding in 2019. $130,123,000 of loans were in real estate loans. $10,951,000 of loans were in development loans. $848,000 of loans were in multifamily mortgage loans. $50,044,000 of loans were in 1-4 family mortgage loans. $158,481,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,535,000 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 203 $29,987 $147,719
    Nonfarm, nonresidential loans - <$100k 91 $4,333 $47,615
    Nonfarm, nonresidential loans - $100-250k 71 $9,744 $137,239
    Nonfarm, nonresidential loans - $250k-1MM 41 $15,910 $388,049
    Commercial & Industrial, US addressed loans - <$1MM 292 $19,006 $65,089
    Commercial & Industrial, US addressed loans - <$100k 213 $6,159 $28,915
    Commercial & Industrial, US addressed loans - $100-250k 51 $5,201 $101,980
    Commercial & Industrial, US addressed loans - $250k-1MM 28 $7,646 $273,071
    Farmland loans - <$1MM 202 $24,067 $119,144
    Farmland loans - <$100k 52 $2,304 $44,308
    Farmland loans - $100-250k 103 $10,548 $102,408
    Farmland loans - $250k-1MM 47 $11,215 $238,617
    Agriculture operations loans - <$1MM 2,625 $130,586 $49,747
    Agriculture operations loans - <$100k 2,089 $69,087 $33,072
    Agriculture operations loans - $100-250k 469 $45,347 $96,689
    Agriculture operations loans - $250k-1MM 67 $16,152 $241,075