Abbybank Mortgage Rates, Fees & Info
Abbotsford, WILEI: 549300ZAI389CEN8VG51
Tax ID: 39-1087461
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Bank Data
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, Green Bay, Shawano, Appleton, and Sheboygan among others. We have data for 13 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.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.82% | 12/2/24 |
| 30 Year Conventional Refi | 6.47% | 12/2/24 |
| 30 Year Cash-out Refi | 6.54% | 12/2/24 |
| 30 Year USDA Purchase | 7.15% | 12/2/24 |
| 15 Year Conventional Purchase | 5.97% | 12/2/24 |
| 15 Year Conventional Refi | 5.91% | 12/2/24 |
| 15 Year Cash-out Refi | 5.91% | 12/2/24 |
| 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. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
338Origination Dollar Volume (All Markets)
$59,330,000Employee count
111Top 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) | 150 | $23,350,000 | $155,667 | $0 | 0.00% |
| Outside of Metro Areas | 144 | $18,710,000 | $129,931 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 3 | $6,965,000 | $2,321,667 | $0 | 0.00% |
| Shawano, WI (FHA|USDA|VA) | 5 | $2,895,000 | $579,000 | $0 | 0.00% |
| APPLETON, WI (FHA|USDA|VA) | 9 | $2,045,000 | $227,222 | $0 | 0.00% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 0.00% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 9 | $1,445,000 | $160,556 | $0 | 0.00% |
| Stevens Point, WI (FHA|USDA|VA) | 5 | $695,000 | $139,000 | $0 | 0.00% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 5 | $355,000 | $71,000 | $0 | 0.00% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $0 | 0.00% |
| Menomonie, WI (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 0.00% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 334 | $58,850,000 | $176,198 | $0 | 0.00% |
| USDA | 4 | $480,000 | $120,000 | $0 | 0.00% |
For 2019, Abbybank's most frequently originated type of loan was Conventional, with 334 originations. Their 2nd most popular type was USDA, with 4 originations.
Loan Reason
For 2019, Abbybank's most frequently cited loan purpose was Home Purchase, with 161 originations. The 2nd most popular reason was Refi, with 84 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 338 | $59,330,000 | $175,533 | $0 | 0.00% |
For 2019, Abbybank's most frequently cited loan duration was Other, with 338 originations.
Loan Sizing
2019 saw Abbybank place emphasis on $100,000 or less loans with 137 originations, totaling $8,335,000 in origination value.
Applicant Income
Abbybank lent most frequently to those with incomes in the $50k or less range, with 79 originations. The second most popular income band? $75k-100k, with 65 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 338 | $59,330,000 | $175,533 | $0 | 0.00% |
Abbybank lent most frequently to those with DTI ratios of Exempt%, with 338 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.45%
Abbybank has an average approval rate.
Pick Rate
Approvals leading to origination84.32%
Abbybank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 338 | $59,330,000 | $175,533 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| AbbyBank | 1500 North Casaloma Drive Grand Chute, WI 54915 | Full Service B&M | $18,152 |
| AbbyBank | 215 South Eighth Street Medford, WI 54451 | Full Service B&M | $108,210 |
| AbbyBank | 2405 Schofield Avenue Weston, WI 54476 | Full Service B&M | $49,531 |
| AbbyBank | 305 S. 18th Avenue Wausau, WI 54401 | Full Service B&M | $67,760 |
| AbbyBank | 401 East Spruce Street Abbotsford, WI 54405 | Full Service B&M | $182,786 |
| AbbyBank | 401 Spruce St Abbotsford, WI 54405 | Full Service Cyber Office | $0 |
For 2019, Abbybank had 6 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $22,410 |
| Net interest income | $16,368 |
| Total noninterest income | $1,552 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $683 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $869 |
| Pre-tax net operating income | $3,888 |
| Securities gains (or losses, -) | $9 |
| Income before extraordinary items | $2,931 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $2,931 |
| Minority interest net income | $0 |
| Net income | $2,931 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $2,923 |
Abbybank's gross interest income from loans was $22,410,000.
Abbybank's net interest income from loans was $16,368,000.
Abbybank's fee based income from loans was $683,000.
Abbybank's net income from loans was $2,931,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $6,042 |
| Provision for credit losses | $1,440 |
| Total noninterest expense | $12,592 |
| Salaries and employee benefits | $7,669 |
| Premises and equipment expense | $1,297 |
| Additional noninterest expense | $3,626 |
| Applicable income taxes | $966 |
| Net charge-offs | $357 |
| Cash dividends | $1,600 |
Abbybank's interest expense for loans was $6,042,000.
Abbybank's payroll and benefits expense were $7,669,000.
Abbybank's property, plant and equipment expenses $1,297,000.
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 | 1.0% |
| HELOC loans | 1.0% |
| 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 | $462,379 |
| Deposits held in domestic offices | $462,379 |
| Deposits by Individuals, partnerships, and corporations | $409,751 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $40,537 |
| Deposits by Commercial banks and other depository institutions in U.S. | $12,091 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $120,284 |
| Demand deposits | $120,283 |
| Nontransaction accounts | $342,095 |
| Money market deposit accounts (MMDAs) | $42,404 |
| Other savings deposits (excluding MMDAs) | $111,036 |
| Total time deposits | $188,655 |
| Total time and savings deposits | $342,096 |
| Noninterest-bearing deposits | $73,040 |
| Interest-bearing deposits | $389,339 |
| Retail deposits | $388,365 |
| IRAs and Keogh plan accounts | $38,018 |
| Brokered deposits | $31,864 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $549,882 |
| Cash & Balances due from depository institutions | $20,659 |
| Interest-bearing balances | $14,546 |
| Total securities | $78,026 |
| Federal funds sold & reverse repurchase | $3,909 |
| Net loans and leases | $419,743 |
| Loan and leases loss allowance | $5,696 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $14,390 |
| Other real estate owned | $804 |
| Goodwill and other intangibles | $3,255 |
| All other assets | $9,096 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $549,882 |
| Total Liabilities | $503,257 |
| Total deposits | $462,379 |
| Interest-bearing deposits | $389,339 |
| Deposits held in domestic offices | $462,379 |
| % insured (estimated) | $88 |
| Federal funds purchased and repurchase agreements | $7,000 |
| Trading liabilities | $0 |
| Other borrowed funds | $32,000 |
| Subordinated debt | $0 |
| All other liabilities | $1,878 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $419,743 |
| Loan and leases loss allowance | $5,696 |
| Total loans and leases (domestic) | $425,439 |
| All real estate loans | $367,291 |
| Real estate loans in domestic offices | $367,291 |
| Construction and development loans | $26,008 |
| Residential 1-4 family construction | $11,884 |
| Other construction, all land development and other land | $14,124 |
| Loans secured by nonfarm nonresidential properties | $132,157 |
| Nonfarm nonresidential secured by owner-occupied properties | $56,089 |
| Commercial real estate & other non-farm, non-residential | $76,068 |
| Multifamily residential real estate | $35,763 |
| 1-4 family residential loans | $90,325 |
| Farmland loans | $83,038 |
| Loans held in foreign offices | $0 |
| Farm loans | $29,000 |
| Commercial and industrial loans | $19,704 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $3,384 |
| Credit card loans | $0 |
| Related Plans | $96 |
| Consumer Auto Loans | $2,005 |
| Other loans to individuals | $1,283 |
| All other loans & leases | $6,060 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $131 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $73 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $294 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
AbbyBank had $419,743,000 of loans outstanding in 2019. $367,291,000 of loans were in real estate loans. $26,008,000 of loans were in development loans. $35,763,000 of loans were in multifamily mortgage loans. $90,325,000 of loans were in 1-4 family mortgage loans. $29,000,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,005,000 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 | 295 | $58,362 | $197,837 |
| Nonfarm, nonresidential loans - <$100k | 83 | $3,004 | $36,193 |
| Nonfarm, nonresidential loans - $100-250k | 99 | $12,622 | $127,495 |
| Nonfarm, nonresidential loans - $250k-1MM | 113 | $42,736 | $378,195 |
| Commercial & Industrial, US addressed loans - <$1MM | 307 | $16,361 | $53,293 |
| Commercial & Industrial, US addressed loans - <$100k | 233 | $5,092 | $21,854 |
| Commercial & Industrial, US addressed loans - $100-250k | 47 | $4,327 | $92,064 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 27 | $6,942 | $257,111 |
| Farmland loans - <$1MM | 255 | $30,315 | $118,882 |
| Farmland loans - <$100k | 126 | $4,915 | $39,008 |
| Farmland loans - $100-250k | 80 | $10,252 | $128,150 |
| Farmland loans - $250k-1MM | 49 | $15,148 | $309,143 |
| Agriculture operations loans - <$1MM | 368 | $17,974 | $48,842 |
| Agriculture operations loans - <$100k | 298 | $6,884 | $23,101 |
| Agriculture operations loans - $100-250k | 53 | $6,046 | $114,075 |
| Agriculture operations loans - $250k-1MM | 17 | $5,044 | $296,706 |