Abbybank Mortgage Rates, Fees & Info

Abbotsford, WI

LEI: 549300ZAI389CEN8VG51

Tax ID: 39-1087461

5 stars - out of 5 stars, based on 23 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Abbybank is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Abbybank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Wausau, Oshkosh, Eau Claire, Appleton, and Shawano among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Abbybank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Abbybank 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.

    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.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.78% 3/19/23
    30 Year Conventional Refi 6.47% 3/19/23
    30 Year Cash-out Refi 6.67% 3/19/23
    30 Year USDA Purchase 7.29% 3/19/23
    15 Year Conventional Purchase 6.00% 3/19/23
    15 Year Conventional Refi 5.88% 3/19/23
    15 Year Cash-out Refi 5.88% 3/19/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    512

    Origination Dollar Volume (All Markets)

    $86,710,000

    Employee count

    119

    Awards

    AbbyBank 30 Year Conventional Loans silver AbbyBank 30 Year Conventional Loans silver
    Show all (2) awards

    Relative Rate

    Abbybank's average 30 year fixed mortgage rate was 3.17%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.02%.

    Relative Fees (Closing Costs)

    Abbybank's average total fees/closing costs for a 30 year fixed rate mortgage were $2,330.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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 257 $36,145,000 $140,642 $2,072 3.13%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 182 $33,290,000 $182,912 $2,111 2.94%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 3 $4,185,000 $1,395,000 $2,047 2.83%
    EAU CLAIRE, WI (FHA|USDA|VA) 13 $2,875,000 $221,154 $2,374 2.72%
    APPLETON, WI (FHA|USDA|VA) 12 $2,570,000 $214,167 $1,326 2.93%
    Shawano, WI (FHA|USDA|VA) 18 $2,500,000 $138,889 $1,582 3.17%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 10 $1,750,000 $175,000 $2,702 2.89%
    GREEN BAY, WI (FHA|USDA|VA) 7 $1,465,000 $209,286 $1,889 2.88%
    Stevens Point, WI (FHA|USDA|VA) 3 $625,000 $208,333 $1,526 3.04%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $550,000 $275,000 $2,154 3.00%
    Whitewater, WI (FHA|USDA|VA) 1 $275,000 $275,000 $1,535 2.25%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $195,000 $195,000 $4,322 2.25%
    FOND DU LAC, WI (FHA|USDA|VA) 2 $170,000 $85,000 $1,023 3.19%
    Beaver Dam, WI (FHA|USDA|VA) 1 $115,000 $115,000 $1,580 2.50%
    Abbybank's top markets include Wausau, Oshkosh, Eau Claire, Appleton, and Shawano among others.

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

    • Similar Lenders

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

    Prevail Bank
    Similarity Rank: 66
    Brokaw Credit Union
    Similarity Rank: 88
    Forward Bank
    Similarity Rank: 256
    AbbyBank
    Similarity Rank: 420
    University of Wisconsin Credit Union
    Similarity Rank: 588
    IncredibleBank
    Similarity Rank: 690
    Summit Credit Union
    Similarity Rank: 752
    mBank
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    CoVantage Credit Union
    Similarity Rank: 1000
    Bank Five Nine
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 510 $86,440,000 $169,490 $2,067 3.03%
    USDA 2 $270,000 $135,000 $3,132 3.06%

    For 2021, Abbybank's most frequently originated type of loan was Conventional, with 510 originations. Their 2nd most popular type was USDA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 167 $32,505,000 $194,641 $2,047 3.39%
    Refi 167 $28,135,000 $168,473 $1,841 2.78%
    Cash Out Refi 162 $24,450,000 $150,926 $2,364 2.87%
    Other 11 $1,245,000 $113,182 $1,634 3.49%
    Home Improvement 5 $375,000 $75,000 $1,073 3.96%

    For 2021, Abbybank's most frequently cited loan purpose was Home Purchase, with 167 originations. The 2nd most popular reason was Refi, with 167 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 209 $36,965,000 $176,866 $2,330 3.17%
    15 Year 168 $24,610,000 $146,488 $1,967 2.48%
    10 Year 42 $6,530,000 $155,476 $1,239 3.55%
    20 Year 33 $5,875,000 $178,030 $2,469 2.85%
    5 Year 26 $8,300,000 $319,231 $585 3.90%
    Other 22 $2,830,000 $128,636 $1,284 3.74%
    3 Year 9 $1,245,000 $138,333 $391 3.94%
    1 Year 3 $355,000 $118,333 $711 4.15%

    For 2021, Abbybank's most frequently cited loan duration was 30 Year, with 209 originations. The 2nd most popular length was 15 Year, with 168 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 300 $37,780,000 $125,933
    $1k-2k 103 $18,845,000 $182,961
    $3k-4k 30 $6,710,000 $223,667
    $2k-3k 28 $6,260,000 $223,571
    $4k-5k 7 $2,405,000 $343,571
    $5k+ 2 $490,000 $245,000

    Abbybank's average total fees were $2,330, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 300 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 166 $24,780,000 $149,277
    3-4% 166 $32,740,000 $197,229
    2.5-3% 149 $27,185,000 $182,450
    4-5% 21 $1,845,000 $87,857
    5-6% 9 $135,000 $15,000
    6-7% 1 $25,000 $25,000

    During 2021, Abbybank's average interest rate for loans was 3.17%, while their most frequently originated rate bucket for loans was <2.5%, with 166 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 225 $31,185,000 $138,600 $2,066 2.90%
    $100,000 or less 157 $10,415,000 $66,338 $1,503 3.32%
    $200k-400k 111 $30,055,000 $270,766 $2,754 2.90%
    $400k-600k 15 $7,025,000 $468,333 $2,906 2.93%
    $1MM+ 3 $7,225,000 $2,408,333 $0 3.33%
    $600k-1MM 1 $805,000 $805,000 $0 4.00%

    2021 saw Abbybank place emphasis on $100k-200k loans with 225 originations, totaling $31,185,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 116 $11,340,000 $97,759 $1,814 3.22%
    $75k-100k 115 $18,005,000 $156,565 $2,144 2.90%
    $50k-75k 107 $13,815,000 $129,112 $2,141 2.99%
    $100k-150k 95 $17,555,000 $184,789 $2,121 2.91%
    $150k-250k 31 $7,375,000 $237,903 $2,450 2.87%
    $250k+ 21 $6,415,000 $305,476 $2,159 2.93%

    Abbybank lent most frequently to those with incomes in the $50k or less range, with 116 originations. The second most popular income band? $75k-100k, with 115 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 160 $25,570,000 $159,813 $2,089 2.90%
    30-36% 90 $12,190,000 $135,444 $2,058 2.93%
    <20% 80 $11,710,000 $146,375 $1,713 2.86%
    37% 21 $3,845,000 $183,095 $1,956 3.43%
    41% 20 $2,970,000 $148,500 $2,372 2.92%
    38% 17 $2,885,000 $169,706 $2,714 3.28%
    39% 16 $2,700,000 $168,750 $2,433 3.07%
    36% 16 $2,490,000 $155,625 $2,012 2.92%
    45% 10 $1,710,000 $171,000 $2,455 2.90%
    42% 9 $1,095,000 $121,667 $2,234 3.04%
    43% 9 $1,535,000 $170,556 $2,560 3.17%
    44% 8 $1,040,000 $130,000 $2,112 3.47%
    40% 8 $1,610,000 $201,250 $2,022 2.89%
    47% 3 $545,000 $181,667 $2,494 2.92%
    48% 3 $465,000 $155,000 $1,756 2.54%
    46% 1 $115,000 $115,000 $1,804 2.38%
    >60% 1 $95,000 $95,000 $1,097 3.75%

    Abbybank lent most frequently to those with DTI ratios of 20-30%, with 160 originations. The next most common DTI ratio? 30-36%, with 90 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 469 $71,625,000 $152,719 $2,085 3.01%
    Not applicable 23 $11,715,000 $509,348 $0 3.75%
    Not provided 10 $1,620,000 $162,000 $1,902 3.16%
    Asian 4 $980,000 $245,000 $1,673 2.81%
    American Indian 4 $580,000 $145,000 $1,565 2.41%
    Vietnamese 1 $105,000 $105,000 $1,521 2.13%
    Black 1 $85,000 $85,000 $1,555 2.38%

    Approval Rates

    Total approvals of all applications
    92.43%

    Abbybank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.72%

    Abbybank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    254.7 1 $25,000 $25,000
    638.95 1 $65,000 $65,000
    NA 510 $86,620,000 $169,843

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    512 $86,710,000 $169,355

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 47 $5,145,000 $109,468 $1,658 2.83%
    40-60% 123 $16,585,000 $134,837 $1,789 2.74%
    60-80% 224 $45,220,000 $201,875 $2,345 2.99%
    80-100% 95 $18,315,000 $192,789 $2,366 3.12%
    Over 100% 3 $1,035,000 $345,000 $0 4.23%
    Under 20% 20 $410,000 $20,500 $296 5.21%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Abbybank 1213 E. Green Bay Street Shawano, WI 54166 Full Service B&M $15,786
    Abbybank 1500 North Casaloma Drive Grand Chute, WI 54915 Full Service B&M $26,854
    Abbybank 215 South Eighth Street Medford, WI 54451 Full Service B&M $92,975
    Abbybank 2405 Schofield Avenue Weston, WI 54476 Full Service B&M $52,703
    Abbybank 305 S. 18th Avenue Wausau, WI 54401 Full Service B&M $77,188
    Abbybank 401 East Spruce Street Abbotsford, WI 54405 Full Service B&M $258,791
    Abbybank 401 Spruce St Abbotsford, WI 54405 Full Service Cyber Office $0
    Abbybank 801 S. Main St Gresham, WI 54128 Full Service B&M $19,466

    For 2021, Abbybank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,854
    Net interest income $18,390
    Total noninterest income $3,953
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $905
    Trading account gains and fees $0
    Additional Noninterest Income $3,048
    Pre-tax net operating income $7,841
    Securities gains (or losses, -) $-25
    Income before extraordinary items $5,807
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,807
    Minority interest net income $0
    Net income $5,807
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,826

    Abbybank's gross interest income from loans was $20,854,000.
    Abbybank's net interest income from loans was $18,390,000.
    Abbybank's fee based income from loans was $905,000.
    Abbybank's net income from loans was $5,807,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,464
    Provision for credit losses $180
    Total noninterest expense $14,322
    Salaries and employee benefits $8,587
    Premises and equipment expense $1,245
    Additional noninterest expense $4,490
    Applicable income taxes $2,009
    Net charge-offs $763
    Cash dividends $1,600

    Abbybank's interest expense for loans was $2,464,000.
    Abbybank's payroll and benefits expense were $8,587,000.
    Abbybank's property, plant and equipment expenses $1,245,000.

    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 $548,725
    Deposits held in domestic offices $548,725
    Deposits by Individuals, partnerships, and corporations $489,798
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $55,837
    Deposits by Commercial banks and other depository institutions in U.S. $3,090
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $193,537
    Demand deposits $191,836
    Nontransaction accounts $355,188
    Money market deposit accounts (MMDAs) $92,440
    Other savings deposits (excluding MMDAs) $144,806
    Total time deposits $117,942
    Total time and savings deposits $356,889
    Noninterest-bearing deposits $121,233
    Interest-bearing deposits $427,492
    Retail deposits $511,283
    IRAs and Keogh plan accounts $34,424
    Brokered deposits $5,990
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $644,590
    Cash & Balances due from depository institutions $48,210
    Interest-bearing balances $37,961
    Total securities $191,745
    Federal funds sold & reverse repurchase $766
    Net loans and leases $369,513
    Loan and leases loss allowance $3,928
    Trading account assets $0
    Bank premises and fixed assets $14,235
    Other real estate owned $1,860
    Goodwill and other intangibles $3,655
    All other assets $14,606

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $644,590
    Total Liabilities $592,700
    Total deposits $548,725
    Interest-bearing deposits $427,492
    Deposits held in domestic offices $548,725
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $5,000
    Trading liabilities $0
    Other borrowed funds $37,000
    Subordinated debt $0
    All other liabilities $1,975

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $369,513
    Loan and leases loss allowance $3,928
    Total loans and leases (domestic) $373,441
    All real estate loans $327,790
    Real estate loans in domestic offices $327,790
    Construction and development loans $17,201
    Residential 1-4 family construction $6,569
    Other construction, all land development and other land $10,632
    Loans secured by nonfarm nonresidential properties $143,042
    Nonfarm nonresidential secured by owner-occupied properties $57,290
    Commercial real estate & other non-farm, non-residential $85,752
    Multifamily residential real estate $27,838
    1-4 family residential loans $69,008
    Farmland loans $70,701
    Loans held in foreign offices $0
    Farm loans $20,093
    Commercial and industrial loans $23,130
    To non-U.S. addressees $0
    Loans to individuals $1,295
    Credit card loans $0
    Related Plans $73
    Consumer Auto Loans $676
    Other loans to individuals $546
    All other loans & leases $1,133
    Loans to foreign governments and official institutions $0
    Other loans $14
    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 $405
    Non 1-4 family restructured loans & leases $405
    Total loans and leases (foreign) $0

    AbbyBank had $369,513,000 of loans outstanding in 2021. $327,790,000 of loans were in real estate loans. $17,201,000 of loans were in development loans. $27,838,000 of loans were in multifamily mortgage loans. $69,008,000 of loans were in 1-4 family mortgage loans. $20,093,000 of loans were in farm loans. $0 of loans were in credit card loans. $676,000 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 289 $57,031 $197,339
    Nonfarm, nonresidential loans - <$100k 80 $3,049 $38,113
    Nonfarm, nonresidential loans - $100-250k 98 $11,667 $119,051
    Nonfarm, nonresidential loans - $250k-1MM 111 $42,315 $381,216
    Commercial & Industrial, US addressed loans - <$1MM 386 $17,942 $46,482
    Commercial & Industrial, US addressed loans - <$100k 298 $5,575 $18,708
    Commercial & Industrial, US addressed loans - $100-250k 55 $5,464 $99,345
    Commercial & Industrial, US addressed loans - $250k-1MM 33 $6,903 $209,182
    Farmland loans - <$1MM 221 $28,413 $128,566
    Farmland loans - <$100k 89 $3,416 $38,382
    Farmland loans - $100-250k 81 $10,252 $126,568
    Farmland loans - $250k-1MM 51 $14,745 $289,118
    Agriculture operations loans - <$1MM 385 $16,987 $44,122
    Agriculture operations loans - <$100k 311 $6,717 $21,598
    Agriculture operations loans - $100-250k 51 $5,214 $102,235
    Agriculture operations loans - $250k-1MM 23 $5,056 $219,826