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 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% | 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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Originations
851Origination Dollar Volume (All Markets)
$148,775,000Employee count
112Top 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% |
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 | 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
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
2020 saw Abbybank place emphasis on $100k-200k loans with 424 originations, totaling $61,720,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications91.85%
Abbybank has an average approval rate.
Pick Rate
Approvals leading to origination88.48%
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
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 |