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

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.

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%	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.

Abbybank Mortgage Calculator

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

Originations

512

Origination Dollar Volume (All Markets)

$86,710,000

Employee count

119

Awards

AbbyBank 30 Year Conventional Loans silver

Show all (2) 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
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%

Abbybank's top markets include Wausau, Oshkosh, Eau Claire, 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: 66

Brokaw Credit Union
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Forward Bank
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AbbyBank
Similarity Rank: 420

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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

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	167	$32,505,000	$194,641	$2,047	3.39%
Refi	167	$28,135,000	$168,473	$1,841	2.78%
Cash Out Refi	162	$24,450,000	$150,926	$2,364	2.87%
Other	11	$1,245,000	$113,182	$1,634	3.49%
Home Improvement	5	$375,000	$75,000	$1,073	3.96%

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

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	209	$36,965,000	$176,866	$2,330	3.17%
15 Year	168	$24,610,000	$146,488	$1,967	2.48%
10 Year	42	$6,530,000	$155,476	$1,239	3.55%
20 Year	33	$5,875,000	$178,030	$2,469	2.85%
5 Year	26	$8,300,000	$319,231	$585	3.90%
Other	22	$2,830,000	$128,636	$1,284	3.74%
3 Year	9	$1,245,000	$138,333	$391	3.94%
1 Year	3	$355,000	$118,333	$711	4.15%

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

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	300	$37,780,000	$125,933
$1k-2k	103	$18,845,000	$182,961
$3k-4k	30	$6,710,000	$223,667
$2k-3k	28	$6,260,000	$223,571
$4k-5k	7	$2,405,000	$343,571
$5k+	2	$490,000	$245,000

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

Loan Rate	Originations	Total Value	Average Loan
<2.5%	166	$24,780,000	$149,277
3-4%	166	$32,740,000	$197,229
2.5-3%	149	$27,185,000	$182,450
4-5%	21	$1,845,000	$87,857
5-6%	9	$135,000	$15,000
6-7%	1	$25,000	$25,000

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

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	225	$31,185,000	$138,600	$2,066	2.90%
$100,000 or less	157	$10,415,000	$66,338	$1,503	3.32%
$200k-400k	111	$30,055,000	$270,766	$2,754	2.90%
$400k-600k	15	$7,025,000	$468,333	$2,906	2.93%
$1MM+	3	$7,225,000	$2,408,333	$0	3.33%
$600k-1MM	1	$805,000	$805,000	$0	4.00%

2021 saw Abbybank place emphasis on $100k-200k loans with 225 originations, totaling $31,185,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	116	$11,340,000	$97,759	$1,814	3.22%
$75k-100k	115	$18,005,000	$156,565	$2,144	2.90%
$50k-75k	107	$13,815,000	$129,112	$2,141	2.99%
$100k-150k	95	$17,555,000	$184,789	$2,121	2.91%
$150k-250k	31	$7,375,000	$237,903	$2,450	2.87%
$250k+	21	$6,415,000	$305,476	$2,159	2.93%

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

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	160	$25,570,000	$159,813	$2,089	2.90%
30-36%	90	$12,190,000	$135,444	$2,058	2.93%
<20%	80	$11,710,000	$146,375	$1,713	2.86%
37%	21	$3,845,000	$183,095	$1,956	3.43%
41%	20	$2,970,000	$148,500	$2,372	2.92%
38%	17	$2,885,000	$169,706	$2,714	3.28%
39%	16	$2,700,000	$168,750	$2,433	3.07%
36%	16	$2,490,000	$155,625	$2,012	2.92%
45%	10	$1,710,000	$171,000	$2,455	2.90%
42%	9	$1,095,000	$121,667	$2,234	3.04%
43%	9	$1,535,000	$170,556	$2,560	3.17%
44%	8	$1,040,000	$130,000	$2,112	3.47%
40%	8	$1,610,000	$201,250	$2,022	2.89%
47%	3	$545,000	$181,667	$2,494	2.92%
48%	3	$465,000	$155,000	$1,756	2.54%
46%	1	$115,000	$115,000	$1,804	2.38%
>60%	1	$95,000	$95,000	$1,097	3.75%

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

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	469	$71,625,000	$152,719	$2,085	3.01%
Not applicable	23	$11,715,000	$509,348	$0	3.75%
Not provided	10	$1,620,000	$162,000	$1,902	3.16%
Asian	4	$980,000	$245,000	$1,673	2.81%
American Indian	4	$580,000	$145,000	$1,565	2.41%
Vietnamese	1	$105,000	$105,000	$1,521	2.13%
Black	1	$85,000	$85,000	$1,555	2.38%

Approval Rates

Total approvals of all applications
92.43%

Abbybank has an average approval rate.

Pick Rate

Approvals leading to origination
86.72%

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

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	512	$86,710,000	$169,355

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	47	$5,145,000	$109,468	$1,658	2.83%
40-60%	123	$16,585,000	$134,837	$1,789	2.74%
60-80%	224	$45,220,000	$201,875	$2,345	2.99%
80-100%	95	$18,315,000	$192,789	$2,366	3.12%
Over 100%	3	$1,035,000	$345,000	$0	4.23%
Under 20%	20	$410,000	$20,500	$296	5.21%

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