Abbybank Mortgage Rates, Fees & Info
Abbotsford, WILEI: 549300ZAI389CEN8VG51
Tax ID: 39-1087461
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.82% | 4/28/24 |
| 30 Year Conventional Refi | 6.47% | 4/28/24 |
| 30 Year Cash-out Refi | 6.54% | 4/28/24 |
| 30 Year USDA Purchase | 7.15% | 4/28/24 |
| 15 Year Conventional Purchase | 5.97% | 4/28/24 |
| 15 Year Conventional Refi | 5.91% | 4/28/24 |
| 15 Year Cash-out Refi | 5.91% | 4/28/24 |
| 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. | ||
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Originations
512Origination Dollar Volume (All Markets)
$86,710,000Employee count
119Awards
AbbyBank - 2021
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For 2021, less than of lenders were eligible for this award.
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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% |
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 | 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
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
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
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
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
2021 saw Abbybank place emphasis on $100k-200k loans with 225 originations, totaling $31,185,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications92.43%
Abbybank has an average approval rate.
Pick Rate
Approvals leading to origination86.72%
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 |
LTV Distribution
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 |