Abbybank Mortgage Rates, Fees & Info

Abbotsford, WI

LEI: 549300ZAI389CEN8VG51

Tax ID: 39-1087461

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 and 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, Wisconsin Rapids, Stevens Point, Appleton, and Shawano among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Abbybank 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. 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 6.82% 5/4/24
    30 Year Conventional Refi 6.47% 5/4/24
    30 Year Cash-out Refi 6.54% 5/4/24
    30 Year USDA Purchase 7.15% 5/4/24
    15 Year Conventional Purchase 5.97% 5/4/24
    15 Year Conventional Refi 5.91% 5/4/24
    15 Year Cash-out Refi 5.91% 5/4/24
    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.

    Abbybank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Abbybank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    361

    Origination Dollar Volume (All Markets)

    $60,955,000

    Employee count

    103 Show all (6) 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
    WAUSAU-WESTON, WI (FHA|USDA|VA) 170 $33,080,000 $194,588 $1,400 4.62%
    Outside of Metro Areas 154 $17,900,000 $116,234 $1,710 4.49%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 6 $3,370,000 $561,667 $1,503 4.30%
    Stevens Point, WI (FHA|USDA|VA) 11 $2,045,000 $185,909 $0 5.05%
    APPLETON, WI (FHA|USDA|VA) 6 $1,230,000 $205,000 $959 4.38%
    Shawano, WI (FHA|USDA|VA) 3 $975,000 $325,000 $1,411 5.22%
    SHEBOYGAN, WI (FHA|USDA|VA) 2 $920,000 $460,000 $1,622 4.33%
    EAU CLAIRE, WI (FHA|USDA|VA) 4 $680,000 $170,000 $859 4.22%
    Manitowoc, WI (FHA|USDA|VA) 1 $325,000 $325,000 $0 4.40%
    GREEN BAY, WI (FHA|USDA|VA) 1 $275,000 $275,000 $0 5.00%
    FOND DU LAC, WI (FHA|USDA|VA) 3 $155,000 $51,667 $445 5.00%
    Abbybank's top markets include Wausau, Wisconsin Rapids, Stevens Point, 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: 27
    Cloverbelt Credit Union
    Similarity Rank: 85
    AbbyBank
    Similarity Rank: 110
    Peoples State Bank
    Similarity Rank: 306
    CoVantage Credit Union
    Similarity Rank: 315
    University of Wisconsin Credit Union
    Similarity Rank: 486
    IncredibleBank
    Similarity Rank: 696
    Nicolet National Bank
    Similarity Rank: 1000
    Connexus Credit Union
    Similarity Rank: 1136
    Bank Five Nine
    Similarity Rank: 1184

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 354 $60,090,000 $169,746 $1,495 4.56%
    USDA 7 $865,000 $123,571 $3,108 4.86%

    For 2018, Abbybank's most frequently originated type of loan was Conventional, with 354 originations. Their 2nd most popular type was USDA, with 7 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 207 $36,635,000 $176,981 $1,735 4.67%
    Cash Out Refi 65 $6,805,000 $104,692 $1,481 4.31%
    Refi 61 $16,385,000 $268,607 $1,504 4.47%
    Home Improvement 21 $905,000 $43,095 $587 4.60%
    Other 7 $225,000 $32,143 $342 4.68%

    For 2018, Abbybank's most frequently cited loan purpose was Home Purchase, with 207 originations. The 2nd most popular reason was Cash Out Refi, with 65 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 150 $23,830,000 $158,867 $1,969 4.42%
    Other 62 $8,760,000 $141,290 $823 4.81%
    10 Year 48 $3,500,000 $72,917 $674 4.36%
    15 Year 35 $2,965,000 $84,714 $1,373 4.16%
    5 Year 29 $13,495,000 $465,345 $241 5.18%
    3 Year 22 $6,330,000 $287,727 $708 5.10%
    20 Year 9 $1,155,000 $128,333 $1,823 4.25%
    1 Year 6 $920,000 $153,333 $0 5.43%

    For 2018, Abbybank's most frequently cited loan duration was 30 Year, with 150 originations. The 2nd most popular length was Other, with 62 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 227 $27,065,000 $119,229
    $1k-2k 30 $4,800,000 $160,000
    $3k-4k 5 $895,000 $179,000
    $2k-3k 4 $500,000 $125,000
    $4k-5k 2 $380,000 $190,000
    $5k+ 1 $225,000 $225,000

    Abbybank's average total fees were $1,969, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 227 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 180 $32,000,000 $177,778
    3-4% 99 $12,565,000 $126,919
    5-6% 80 $16,220,000 $202,750
    6-7% 2 $170,000 $85,000

    During 2018, Abbybank's average interest rate for loans was 4.42%, while their most frequently originated rate bucket for loans was 4-5%, with 180 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 146 $8,080,000 $55,342 $1,016 4.52%
    $100k-200k 140 $20,380,000 $145,571 $2,002 4.63%
    $200k-400k 66 $16,890,000 $255,909 $1,868 4.53%
    $400k-600k 5 $2,335,000 $467,000 $1,722 4.57%
    $1MM+ 3 $12,615,000 $4,205,000 $0 4.85%
    $600k-1MM 1 $655,000 $655,000 $0 5.40%

    2018 saw Abbybank place emphasis on $100,000 or less loans with 146 originations, totaling $8,080,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 74 $5,370,000 $72,568 $1,392 4.45%
    $50k-75k 73 $8,135,000 $111,438 $1,605 4.49%
    $100k-150k 55 $9,035,000 $164,273 $1,658 4.30%
    $75k-100k 50 $5,710,000 $114,200 $1,595 4.37%
    $150k-250k 21 $4,095,000 $195,000 $1,405 4.61%
    $250k+ 18 $3,230,000 $179,444 $1,527 4.59%

    Abbybank lent most frequently to those with incomes in the $50k or less range, with 74 originations. The second most popular income band? $50k-75k, with 73 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 90 $11,720,000 $130,222 $1,657 4.36%
    30-36% 57 $7,245,000 $127,105 $1,669 4.46%
    <20% 56 $6,460,000 $115,357 $1,257 4.24%
    37% 15 $2,105,000 $140,333 $1,295 4.48%
    36% 10 $1,200,000 $120,000 $1,725 4.50%
    40% 8 $1,090,000 $136,250 $1,799 4.49%
    41% 7 $885,000 $126,429 $1,609 4.68%
    38% 7 $765,000 $109,286 $1,731 4.43%
    39% 6 $480,000 $80,000 $1,427 4.27%
    42% 5 $825,000 $165,000 $1,175 4.23%
    44% 3 $435,000 $145,000 $1,457 4.38%
    43% 2 $150,000 $75,000 $1,731 4.38%
    49% 2 $410,000 $205,000 $1,333 4.13%
    50-60% 1 $55,000 $55,000 $916 4.29%
    45% 1 $255,000 $255,000 $1,711 4.88%
    46% 1 $55,000 $55,000 $1,461 4.13%

    Abbybank lent most frequently to those with DTI ratios of 20-30%, with 90 originations. The next most common DTI ratio? 30-36%, with 57 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 292 $38,280,000 $131,096 $1,539 4.44%
    Not applicable 63 $21,785,000 $345,794 $0 5.16%
    Asian 2 $450,000 $225,000 $1,277 4.62%
    Not provided 4 $440,000 $110,000 $1,322 5.00%

    Approval Rates

    Total approvals of all applications
    88.93%

    Abbybank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.26%

    Abbybank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 361 $60,955,000 $168,850

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $8,790,000 $2,197,500
    Single Family (1-4 Units):Manufactured 7 $555,000 $79,286
    Single Family (1-4 Units):Site-Built 350 $51,610,000 $147,457

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 36 $2,750,000 $76,389 $824 4.50%
    40-60% 38 $5,240,000 $137,895 $1,240 4.31%
    60-80% 160 $37,290,000 $233,063 $1,685 4.61%
    80-100% 95 $14,415,000 $151,737 $2,110 4.55%
    Under 20% 31 $1,025,000 $33,065 $298 4.78%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    AbbyBank 1500 North Casaloma Drive Grand Chute, WI 54915 Full Service B&M $20,416
    AbbyBank 215 South Eighth Street Medford, WI 54451 Full Service B&M $65,489
    AbbyBank 2405 Schofield Avenue Weston, WI 54476 Full Service B&M $47,796
    AbbyBank 305 S. 18th Avenue Wausau, WI 54401 Full Service B&M $76,087
    AbbyBank 401 East Spruce Street Abbotsford, WI 54405 Full Service B&M $216,476
    AbbyBank 401 Spruce St Abbotsford, WI 54405 Full Service Cyber Office $0

    For 2018, Abbybank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,813
    Net interest income $16,295
    Total noninterest income $1,386
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $674
    Trading account gains and fees $0
    Additional Noninterest Income $712
    Pre-tax net operating income $5,827
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,365
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,365
    Minority interest net income $0
    Net income $4,365
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,365

    Abbybank's gross interest income from loans was $20,813,000.
    Abbybank's net interest income from loans was $16,295,000.
    Abbybank's fee based income from loans was $674,000.
    Abbybank's net income from loans was $4,365,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,518
    Provision for credit losses $480
    Total noninterest expense $11,374
    Salaries and employee benefits $7,133
    Premises and equipment expense $1,051
    Additional noninterest expense $3,190
    Applicable income taxes $1,462
    Net charge-offs $107
    Cash dividends $1,600

    Abbybank's interest expense for loans was $4,518,000.
    Abbybank's payroll and benefits expense were $7,133,000.
    Abbybank's property, plant and equipment expenses $1,051,000.

    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 2.0%
    HELOC loans 1.0%
    All other family 2.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 2.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $419,118
    Deposits held in domestic offices $419,118
    Deposits by Individuals, partnerships, and corporations $370,919
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $36,225
    Deposits by Commercial banks and other depository institutions in U.S. $11,974
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $96,301
    Demand deposits $96,207
    Nontransaction accounts $322,817
    Money market deposit accounts (MMDAs) $32,338
    Other savings deposits (excluding MMDAs) $114,448
    Total time deposits $176,032
    Total time and savings deposits $322,911
    Noninterest-bearing deposits $57,564
    Interest-bearing deposits $361,554
    Retail deposits $354,923
    IRAs and Keogh plan accounts $37,921
    Brokered deposits $31,488
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $508,065
    Cash & Balances due from depository institutions $18,172
    Interest-bearing balances $7,327
    Total securities $70,471
    Federal funds sold & reverse repurchase $0
    Net loans and leases $394,744
    Loan and leases loss allowance $4,613
    Trading account assets $0
    Bank premises and fixed assets $13,087
    Other real estate owned $178
    Goodwill and other intangibles $2,618
    All other assets $8,795

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $508,065
    Total Liabilities $464,237
    Total deposits $419,118
    Interest-bearing deposits $361,554
    Deposits held in domestic offices $419,118
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $12,540
    Trading liabilities $0
    Other borrowed funds $31,000
    Subordinated debt $0
    All other liabilities $1,579

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $394,744
    Loan and leases loss allowance $4,613
    Total loans and leases (domestic) $399,357
    All real estate loans $342,066
    Real estate loans in domestic offices $342,066
    Construction and development loans $19,846
    Residential 1-4 family construction $7,892
    Other construction, all land development and other land $11,954
    Loans secured by nonfarm nonresidential properties $113,514
    Nonfarm nonresidential secured by owner-occupied properties $53,645
    Commercial real estate & other non-farm, non-residential $59,869
    Multifamily residential real estate $39,580
    1-4 family residential loans $86,263
    Farmland loans $82,863
    Loans held in foreign offices $0
    Farm loans $28,630
    Commercial and industrial loans $18,074
    To non-U.S. addressees $0
    Loans to individuals $2,577
    Credit card loans $0
    Related Plans $102
    Consumer Auto Loans $1,223
    Other loans to individuals $1,252
    All other loans & leases $8,011
    Loans to foreign governments and official institutions $0
    Other loans $33
    Loans to depository institutions and acceptances of other banks $700
    Loans not secured by real estate $99
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $305
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    AbbyBank had $394,744,000 of loans outstanding in 2018. $342,066,000 of loans were in real estate loans. $19,846,000 of loans were in development loans. $39,580,000 of loans were in multifamily mortgage loans. $86,263,000 of loans were in 1-4 family mortgage loans. $28,630,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,223,000 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 267 $50,591 $189,479
    Nonfarm, nonresidential loans - <$100k 74 $2,692 $36,378
    Nonfarm, nonresidential loans - $100-250k 98 $12,279 $125,296
    Nonfarm, nonresidential loans - $250k-1MM 95 $35,620 $374,947
    Commercial & Industrial, US addressed loans - <$1MM 283 $15,791 $55,799
    Commercial & Industrial, US addressed loans - <$100k 211 $4,350 $20,616
    Commercial & Industrial, US addressed loans - $100-250k 47 $4,813 $102,404
    Commercial & Industrial, US addressed loans - $250k-1MM 25 $6,628 $265,120
    Farmland loans - <$1MM 246 $30,598 $124,382
    Farmland loans - <$100k 113 $4,442 $39,310
    Farmland loans - $100-250k 83 $11,399 $137,337
    Farmland loans - $250k-1MM 50 $14,757 $295,140
    Agriculture operations loans - <$1MM 362 $17,102 $47,243
    Agriculture operations loans - <$100k 290 $6,706 $23,124
    Agriculture operations loans - $100-250k 57 $6,687 $117,316
    Agriculture operations loans - $250k-1MM 15 $3,709 $247,267