Abbybank Mortgage Rates, Fees & Info

Abbotsford, WI

LEI: 549300ZAI389CEN8VG51

Tax ID: 39-1087461

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Mortgage Data

Bank Data

Review & Overview

Abbybank is a smaller bank specializing in 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, Shawano, Appleton, Sheboygan, and Eau Claire 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.

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% 3/28/24
30 Year Conventional Refi 6.47% 3/28/24
30 Year Cash-out Refi 6.54% 3/28/24
30 Year USDA Purchase 7.15% 3/28/24
15 Year Conventional Purchase 5.97% 3/28/24
15 Year Conventional Refi 5.91% 3/28/24
15 Year Cash-out Refi 5.91% 3/28/24
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

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


Originations

851

Origination Dollar Volume (All Markets)

$148,775,000

Employee count

112

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) 319 $59,495,000 $186,505 $0 0.00%
Outside of Metro Areas 386 $58,020,000 $150,311 $0 0.00%
Shawano, WI (FHA|USDA|VA) 50 $8,130,000 $162,600 $0 0.00%
APPLETON, WI (FHA|USDA|VA) 29 $7,205,000 $248,448 $0 0.00%
SHEBOYGAN, WI (FHA|USDA|VA) 4 $4,270,000 $1,067,500 $0 0.00%
EAU CLAIRE, WI (FHA|USDA|VA) 15 $3,205,000 $213,667 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 6 $1,720,000 $286,667 $0 0.00%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 13 $1,645,000 $126,538 $0 0.00%
Stevens Point, WI (FHA|USDA|VA) 9 $1,635,000 $181,667 $0 0.00%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 9 $1,365,000 $151,667 $0 0.00%
GREEN BAY, WI (FHA|USDA|VA) 6 $1,210,000 $201,667 $0 0.00%
FOND DU LAC, WI (FHA|USDA|VA) 3 $715,000 $238,333 $0 0.00%
DULUTH, MN-WI (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Manitowoc, WI (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
Abbybank's top markets include Wausau, Shawano, Appleton, Sheboygan, and Eau Claire among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 849 $148,565,000 $174,988 $0 0.00%
    USDA 2 $210,000 $105,000 $0 0.00%

    For 2020, Abbybank's most frequently originated type of loan was Conventional, with 849 originations. Their 2nd most popular type was USDA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 424 $80,430,000 $189,693 $0 0.00%
    Cash Out Refi 246 $36,860,000 $149,837 $0 0.00%
    Home Purchase 163 $29,475,000 $180,828 $0 0.00%
    Other 15 $1,325,000 $88,333 $0 0.00%
    Home Improvement 3 $685,000 $228,333 $0 0.00%

    For 2020, Abbybank's most frequently cited loan purpose was Refi, with 424 originations. The 2nd most popular reason was Cash Out Refi, with 246 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 851 $148,775,000 $174,824 $0 0.00%

    For 2020, Abbybank's most frequently cited loan duration was Other, with 851 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 424 $61,720,000 $145,566 $0 0.00%
    $100,000 or less 215 $15,865,000 $73,791 $0 0.00%
    $200k-400k 192 $51,450,000 $267,969 $0 0.00%
    $400k-600k 14 $6,510,000 $465,000 $0 0.00%
    $1MM+ 3 $11,065,000 $3,688,333 $0 0.00%
    $600k-1MM 3 $2,165,000 $721,667 $0 0.00%

    2020 saw Abbybank place emphasis on $100k-200k loans with 424 originations, totaling $61,720,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 201 $37,575,000 $186,940 $0 0.00%
    $50k-75k 198 $25,610,000 $129,343 $0 0.00%
    $75k-100k 168 $25,570,000 $152,202 $0 0.00%
    $50k or less 121 $12,185,000 $100,702 $0 0.00%
    $150k-250k 80 $18,160,000 $227,000 $0 0.00%
    $250k+ 30 $8,910,000 $297,000 $0 0.00%

    Abbybank lent most frequently to those with incomes in the $100k-150k range, with 201 originations. The second most popular income band? $50k-75k, with 198 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 851 $148,775,000 $174,824 $0 0.00%

    Abbybank lent most frequently to those with DTI ratios of Exempt%, with 851 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 797 $127,265,000 $159,680 $0 0.00%
    Not applicable 35 $18,205,000 $520,143 $0 0.00%
    Not provided 9 $1,625,000 $180,556 $0 0.00%
    Asian 8 $1,380,000 $172,500 $0 0.00%
    American Indian 2 $300,000 $150,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.85%

    Abbybank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.48%

    Abbybank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 851 $148,775,000 $174,824

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $14,340,000 $1,434,000
    Single Family (1-4 Units):Manufactured 14 $1,530,000 $109,286
    Single Family (1-4 Units):Site-Built 827 $132,905,000 $160,707

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Abbybank 1213 E. Green Bay Street Shawano, WI 54166 Full Service B&M $6,583
    Abbybank 1500 North Casaloma Drive Grand Chute, WI 54915 Full Service B&M $23,600
    Abbybank 215 South Eighth Street Medford, WI 54451 Full Service B&M $89,201
    Abbybank 2405 Schofield Avenue Weston, WI 54476 Full Service B&M $49,412
    Abbybank 305 S. 18th Avenue Wausau, WI 54401 Full Service B&M $70,843
    Abbybank 401 East Spruce Street Abbotsford, WI 54405 Full Service B&M $259,662
    Abbybank 401 Spruce St Abbotsford, WI 54405 Full Service Cyber Office $0
    Abbybank 801 S. Main St Gresham, WI 54128 Full Service B&M $17,270

    For 2020, Abbybank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $22,599
    Net interest income $17,778
    Total noninterest income $4,086
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $686
    Trading account gains and fees $0
    Additional Noninterest Income $3,400
    Pre-tax net operating income $5,896
    Securities gains (or losses, -) $132
    Income before extraordinary items $4,515
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,515
    Minority interest net income $0
    Net income $4,515
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,410

    Abbybank's gross interest income from loans was $22,599,000.
    Abbybank's net interest income from loans was $17,778,000.
    Abbybank's fee based income from loans was $686,000.
    Abbybank's net income from loans was $4,515,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,821
    Provision for credit losses $2,380
    Total noninterest expense $13,588
    Salaries and employee benefits $8,338
    Premises and equipment expense $1,229
    Additional noninterest expense $4,021
    Applicable income taxes $1,513
    Net charge-offs $3,565
    Cash dividends $1,600

    Abbybank's interest expense for loans was $4,821,000.
    Abbybank's payroll and benefits expense were $8,338,000.
    Abbybank's property, plant and equipment expenses $1,229,000.

    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 $527,247
    Deposits held in domestic offices $527,247
    Deposits by Individuals, partnerships, and corporations $465,366
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $47,686
    Deposits by Commercial banks and other depository institutions in U.S. $14,195
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $171,958
    Demand deposits $167,945
    Nontransaction accounts $355,289
    Money market deposit accounts (MMDAs) $71,962
    Other savings deposits (excluding MMDAs) $119,831
    Total time deposits $163,496
    Total time and savings deposits $359,302
    Noninterest-bearing deposits $109,095
    Interest-bearing deposits $418,152
    Retail deposits $473,633
    IRAs and Keogh plan accounts $36,743
    Brokered deposits $18,443
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $618,383
    Cash & Balances due from depository institutions $54,530
    Interest-bearing balances $44,242
    Total securities $132,511
    Federal funds sold & reverse repurchase $537
    Net loans and leases $401,215
    Loan and leases loss allowance $4,511
    Trading account assets $0
    Bank premises and fixed assets $14,425
    Other real estate owned $1,892
    Goodwill and other intangibles $3,170
    All other assets $10,103

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $618,383
    Total Liabilities $567,565
    Total deposits $527,247
    Interest-bearing deposits $418,152
    Deposits held in domestic offices $527,247
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $2,000
    Trading liabilities $0
    Other borrowed funds $35,000
    Subordinated debt $0
    All other liabilities $3,318

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $401,215
    Loan and leases loss allowance $4,511
    Total loans and leases (domestic) $405,726
    All real estate loans $350,256
    Real estate loans in domestic offices $350,256
    Construction and development loans $21,091
    Residential 1-4 family construction $7,465
    Other construction, all land development and other land $13,626
    Loans secured by nonfarm nonresidential properties $137,127
    Nonfarm nonresidential secured by owner-occupied properties $59,011
    Commercial real estate & other non-farm, non-residential $78,116
    Multifamily residential real estate $41,411
    1-4 family residential loans $79,210
    Farmland loans $71,417
    Loans held in foreign offices $0
    Farm loans $21,174
    Commercial and industrial loans $28,619
    To non-U.S. addressees $0
    Loans to individuals $2,170
    Credit card loans $0
    Related Plans $71
    Consumer Auto Loans $1,281
    Other loans to individuals $818
    All other loans & leases $3,507
    Loans to foreign governments and official institutions $0
    Other loans $6
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $46
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $331
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    AbbyBank had $401,215,000 of loans outstanding in 2020. $350,256,000 of loans were in real estate loans. $21,091,000 of loans were in development loans. $41,411,000 of loans were in multifamily mortgage loans. $79,210,000 of loans were in 1-4 family mortgage loans. $21,174,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,281,000 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 298 $59,968 $201,235
    Nonfarm, nonresidential loans - <$100k 85 $3,324 $39,106
    Nonfarm, nonresidential loans - $100-250k 96 $11,717 $122,052
    Nonfarm, nonresidential loans - $250k-1MM 117 $44,927 $383,991
    Commercial & Industrial, US addressed loans - <$1MM 509 $21,930 $43,084
    Commercial & Industrial, US addressed loans - <$100k 404 $7,577 $18,755
    Commercial & Industrial, US addressed loans - $100-250k 73 $7,519 $103,000
    Commercial & Industrial, US addressed loans - $250k-1MM 32 $6,834 $213,563
    Farmland loans - <$1MM 239 $29,476 $123,331
    Farmland loans - <$100k 107 $4,033 $37,692
    Farmland loans - $100-250k 82 $10,827 $132,037
    Farmland loans - $250k-1MM 50 $14,616 $292,320
    Agriculture operations loans - <$1MM 402 $16,666 $41,458
    Agriculture operations loans - <$100k 336 $7,223 $21,497
    Agriculture operations loans - $100-250k 48 $5,009 $104,354
    Agriculture operations loans - $250k-1MM 18 $4,434 $246,333