Washington County Bank Mortgage Rates, Fees & Info

Blair, NE

LEI: 549300XZ04HOB5HTR562

Tax ID: 47-0328540

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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 Home Purchase and Refi loans. Washington County Bank has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Lincoln, Fremont, Phoenix, and Kansas City among others. We have data for 8 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.

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    Originations

    109

    Origination Dollar Volume (All Markets)

    $18,815,000

    Employee count

    83

    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) 77 $15,395,000 $199,935 $0 0.00%
    Outside of Metro Areas 20 $1,620,000 $81,000 $0 0.00%
    LINCOLN, NE (FHA|USDA|VA) 5 $825,000 $165,000 $0 0.00%
    Fremont, NE (FHA|USDA|VA) 3 $355,000 $118,333 $0 0.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    Brookings, SD (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Mason City, IA (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
    Washington County Bank's top markets include Omaha, Lincoln, Fremont, Phoenix, and Kansas City among others.

    Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • South Dakota (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.

    CREIGHTON FEDERAL CREDIT UNION
    Similarity Rank: 207
    KELLOGG MIDWEST FEDERAL CREDIT UNION
    Similarity Rank: 252
    MUTUAL FIRST
    Similarity Rank: 288
    LIBERTY FIRST
    Similarity Rank: 396
    CORNHUSKER BANK
    Similarity Rank: 495
    South Metro Federal Credit Union
    Similarity Rank: 564
    Cobalt Credit Union
    Similarity Rank: 855
    METRO CU
    Similarity Rank: 880
    Central National Bank
    Similarity Rank: 900
    Union Bank and Trust Company
    Similarity Rank: 1240

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 109 $18,815,000 $172,615 $0 0.00%

    For 2020, Washington County Bank's most frequently originated type of loan was Conventional, with 109 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 54 $7,360,000 $136,296 $0 0.00%
    Refi 51 $11,215,000 $219,902 $0 0.00%
    Home Improvement 2 $40,000 $20,000 $0 0.00%
    Other 2 $200,000 $100,000 $0 0.00%

    For 2020, Washington County Bank's most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Refi, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 109 $18,815,000 $172,615 $0 0.00%

    For 2020, Washington County Bank's most frequently cited loan duration was Other, with 109 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 42 $6,040,000 $143,810 $0 0.00%
    $100,000 or less 41 $2,185,000 $53,293 $0 0.00%
    $200k-400k 19 $4,885,000 $257,105 $0 0.00%
    $400k-600k 3 $1,395,000 $465,000 $0 0.00%
    $600k-1MM 3 $2,505,000 $835,000 $0 0.00%
    $1MM+ 1 $1,805,000 $1,805,000 $0 0.00%

    2020 saw Washington County Bank place emphasis on $100k-200k loans with 42 originations, totaling $6,040,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 28 $3,800,000 $135,714 $0 0.00%
    $75k-100k 23 $3,485,000 $151,522 $0 0.00%
    $50k or less 15 $1,805,000 $120,333 $0 0.00%
    $50k-75k 8 $850,000 $106,250 $0 0.00%
    $150k-250k 7 $585,000 $83,571 $0 0.00%
    $250k+ 6 $1,140,000 $190,000 $0 0.00%

    Washington County Bank lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $75k-100k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 109 $18,815,000 $172,615 $0 0.00%

    Washington County Bank lent most frequently to those with DTI ratios of Exempt%, with 109 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 87 $11,665,000 $134,080 $0 0.00%
    Not applicable 22 $7,150,000 $325,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.77%

    Washington County Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    48.62%

    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 109 $18,815,000 $172,615

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $3,345,000 $669,000
    Single Family (1-4 Units):Manufactured 2 $90,000 $45,000
    Single Family (1-4 Units):Site-Built 102 $15,380,000 $150,784

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 2 33.3%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 33.3%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Other type of mortgage Closing on a mortgage 1 16.7%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Other type of mortgage Struggling to pay mortgage 1 16.7%

    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 $16,874
    Washington County Bank 1523 Washington Street Blair, NE 68008 Full Service B&M $323,850
    Washington County Bank 303 South 13th Street Tekamah, NE 68061 Full Service B&M $57,193

    For 2020, Washington County Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $18,035
    Net interest income $15,864
    Total noninterest income $2,709
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $634
    Trading account gains and fees $0
    Additional Noninterest Income $2,075
    Pre-tax net operating income $8,225
    Securities gains (or losses, -) $-1
    Income before extraordinary items $6,386
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,386
    Minority interest net income $0
    Net income $6,386
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,386

    Washington County Bank's gross interest income from loans was $18,035,000.
    Washington County Bank's net interest income from loans was $15,864,000.
    Washington County Bank's fee based income from loans was $634,000.
    Washington County Bank's net income from loans was $6,386,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,171
    Provision for credit losses $420
    Total noninterest expense $9,928
    Salaries and employee benefits $6,335
    Premises and equipment expense $629
    Additional noninterest expense $2,964
    Applicable income taxes $1,838
    Net charge-offs $109
    Cash dividends $1,634

    Washington County Bank's interest expense for loans was $2,171,000.
    Washington County Bank's payroll and benefits expense were $6,335,000.
    Washington County Bank's property, plant and equipment expenses $629,000.

    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 1.0%
    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 $410,358
    Deposits held in domestic offices $410,358
    Deposits by Individuals, partnerships, and corporations $360,302
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $35,516
    Deposits by Commercial banks and other depository institutions in U.S. $14,540
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $159,411
    Demand deposits $83,382
    Nontransaction accounts $250,947
    Money market deposit accounts (MMDAs) $140,141
    Other savings deposits (excluding MMDAs) $26,788
    Total time deposits $84,018
    Total time and savings deposits $326,976
    Noninterest-bearing deposits $83,382
    Interest-bearing deposits $326,976
    Retail deposits $384,699
    IRAs and Keogh plan accounts $10,982
    Brokered deposits $12,575
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $485,115
    Cash & Balances due from depository institutions $49,833
    Interest-bearing balances $22,476
    Total securities $71,600
    Federal funds sold & reverse repurchase $0
    Net loans and leases $352,685
    Loan and leases loss allowance $4,228
    Trading account assets $0
    Bank premises and fixed assets $3,273
    Other real estate owned $0
    Goodwill and other intangibles $1,696
    All other assets $6,028

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $485,115
    Total Liabilities $435,746
    Total deposits $410,358
    Interest-bearing deposits $326,976
    Deposits held in domestic offices $410,358
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $24,016
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,372

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $352,685
    Loan and leases loss allowance $4,228
    Total loans and leases (domestic) $356,913
    All real estate loans $155,899
    Real estate loans in domestic offices $155,899
    Construction and development loans $11,552
    Residential 1-4 family construction $9,256
    Other construction, all land development and other land $2,296
    Loans secured by nonfarm nonresidential properties $41,489
    Nonfarm nonresidential secured by owner-occupied properties $7,856
    Commercial real estate & other non-farm, non-residential $33,633
    Multifamily residential real estate $2,352
    1-4 family residential loans $57,308
    Farmland loans $43,198
    Loans held in foreign offices $0
    Farm loans $158,660
    Commercial and industrial loans $33,489
    To non-U.S. addressees $0
    Loans to individuals $6,682
    Credit card loans $0
    Related Plans $1,051
    Consumer Auto Loans $2,714
    Other loans to individuals $2,917
    All other loans & leases $2,183
    Loans to foreign governments and official institutions $0
    Other loans $232
    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 $352,685,000 of loans outstanding in 2020. $155,899,000 of loans were in real estate loans. $11,552,000 of loans were in development loans. $2,352,000 of loans were in multifamily mortgage loans. $57,308,000 of loans were in 1-4 family mortgage loans. $158,660,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,714,000 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 209 $33,623 $160,876
    Nonfarm, nonresidential loans - <$100k 86 $3,972 $46,186
    Nonfarm, nonresidential loans - $100-250k 77 $10,852 $140,935
    Nonfarm, nonresidential loans - $250k-1MM 46 $18,799 $408,674
    Commercial & Industrial, US addressed loans - <$1MM 354 $20,307 $57,364
    Commercial & Industrial, US addressed loans - <$100k 276 $6,843 $24,793
    Commercial & Industrial, US addressed loans - $100-250k 51 $5,075 $99,510
    Commercial & Industrial, US addressed loans - $250k-1MM 27 $8,389 $310,704
    Farmland loans - <$1MM 212 $28,395 $133,939
    Farmland loans - <$100k 48 $2,128 $44,333
    Farmland loans - $100-250k 101 $10,063 $99,634
    Farmland loans - $250k-1MM 63 $16,204 $257,206
    Agriculture operations loans - <$1MM 2,519 $132,623 $52,649
    Agriculture operations loans - <$100k 1,951 $64,509 $33,065
    Agriculture operations loans - $100-250k 496 $49,673 $100,147
    Agriculture operations loans - $250k-1MM 72 $18,441 $256,125