Spring Bank Mortgage Rates, Fees & Info
Brookfield, WI
LEI: 549300Z0DIN11QBU4C61
Tax ID: 26-3029523
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Mortgage Data
Bank Data
Review & Overview
Spring Bank is a smaller bank specializing in
various types of mortgages.
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Originations
0
Origination Dollar Volume (All Markets)
$0
Employee count
32
Complaints
| Bank Name |
Product |
Issue |
2021 CPFB Complaints |
% of Total Issues |
| Spring Equity LLC |
Conventional home mortgage |
Trouble during payment process |
1 |
20.0% |
| Spring Equity LLC |
Home equity loan or line of credit (HELOC) |
Applying for a mortgage or refinancing an existing mortgage |
1 |
20.0% |
| Spring Equity LLC |
Home equity loan or line of credit (HELOC) |
Closing on a mortgage |
1 |
20.0% |
| Spring Equity LLC |
Home equity loan or line of credit (HELOC) |
Trouble during payment process |
2 |
40.0% |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| Spring Bank |
16620 West Bluemound Road, Suite 100a Brookfield, WI 53005 |
Full Service B&M
|
$292,108 |
For 2021, Spring Bank had 1 branches.
Yearly Performance Overview
Bank Income
Spring Bank's gross interest income from loans was $14,510,000.
Spring Bank's net interest income from loans was $12,101,000.
Spring Bank's fee based income from loans was $123,000.
Spring Bank's net income from loans was $5,034,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$2,409 |
| Provision for credit losses |
$75 |
| Total noninterest expense |
$5,616 |
| Salaries and employee benefits |
$3,891 |
| Premises and equipment expense |
$322 |
| Additional noninterest expense |
$1,403 |
| Applicable income taxes |
$1,739 |
| Net charge-offs |
$27 |
| Cash dividends |
$2,076 |
Spring Bank's interest expense for loans was $2,409,000.
Spring Bank's payroll and benefits expense were $3,891,000.
Spring Bank's property, plant and equipment expenses $322,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$294,644 |
| Deposits held in domestic offices |
$294,644 |
| Deposits by Individuals, partnerships, and corporations |
$279,529 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$1,036 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$14,078 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$49,531 |
| Demand deposits |
$44,541 |
| Nontransaction accounts |
$245,112 |
| Money market deposit accounts (MMDAs) |
$145,088 |
| Other savings deposits (excluding MMDAs) |
$236 |
| Total time deposits |
$99,789 |
| Total time and savings deposits |
$250,102 |
| Noninterest-bearing deposits |
$44,541 |
| Interest-bearing deposits |
$250,103 |
| Retail deposits |
$267,749 |
| IRAs and Keogh plan accounts |
$12,511 |
| Brokered deposits |
$0 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$368,811 |
| Cash & Balances due from depository institutions |
$42,273 |
| Interest-bearing balances |
$25,967 |
| Total securities |
$35,016 |
| Federal funds sold & reverse repurchase |
$0 |
| Net loans and leases |
$282,586 |
| Loan and leases loss allowance |
$4,437 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$90 |
| Other real estate owned |
$0 |
| Goodwill and other intangibles |
$0 |
| All other assets |
$8,846 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$368,811 |
| Total Liabilities |
$326,562 |
| Total deposits |
$294,644 |
| Interest-bearing deposits |
$250,103 |
| Deposits held in domestic offices |
$294,644 |
| % insured (estimated) |
$77 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$30,000 |
| Subordinated debt |
$0 |
| All other liabilities |
$1,918 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$282,586 |
| Loan and leases loss allowance |
$4,437 |
| Total loans and leases (domestic) |
$287,023 |
| All real estate loans |
$223,880 |
| Real estate loans in domestic offices |
$223,880 |
| Construction and development loans |
$19,327 |
| Residential 1-4 family construction |
$2,770 |
| Other construction, all land development and other land |
$16,557 |
| Loans secured by nonfarm nonresidential properties |
$148,538 |
| Nonfarm nonresidential secured by owner-occupied properties |
$75,494 |
| Commercial real estate & other non-farm, non-residential |
$73,044 |
| Multifamily residential real estate |
$12,142 |
| 1-4 family residential loans |
$43,873 |
| Farmland loans |
$0 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$0 |
| Commercial and industrial loans |
$61,223 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$85 |
| Credit card loans |
$0 |
| Related Plans |
$0 |
| Consumer Auto Loans |
$0 |
| Other loans to individuals |
$85 |
| All other loans & leases |
$1,835 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$873 |
| 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 |
Spring Bank had $282,586,000 of loans outstanding in 2021. $223,880,000 of loans were in real estate loans.
$19,327,000 of loans were in development loans. $12,142,000 of loans were in multifamily mortgage loans.
$43,873,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0
of loans were in credit card loans. $0 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 |
314 |
$82,673 |
$263,290 |
| Nonfarm, nonresidential loans - <$100k |
43 |
$2,317 |
$53,884 |
| Nonfarm, nonresidential loans - $100-250k |
108 |
$15,723 |
$145,583 |
| Nonfarm, nonresidential loans - $250k-1MM |
163 |
$64,633 |
$396,521 |
| Commercial & Industrial, US addressed loans - <$1MM |
297 |
$33,415 |
$112,508 |
| Commercial & Industrial, US addressed loans - <$100k |
173 |
$5,162 |
$29,838 |
| Commercial & Industrial, US addressed loans - $100-250k |
65 |
$8,408 |
$129,354 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
59 |
$19,845 |
$336,356 |