Bank Of Sun Prairie Mortgage Rates, Fees & Info

Sun Prairie,

LEI: 6354007NTMKKVRFIIP73

Tax ID: 39-0148140

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Mortgage Data

Bank Data

Review & Overview

Bank Of Sun Prairie is a smaller bank specializing in Home Purchase and Refi loans. Bank Of Sun Prairie has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Beaver Dam, Janesville, Milwaukee, and Baraboo among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bank Of Sun Prairie has an above average approval rate when compared to the average across all lenders. They have an above 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.24% 3/28/24
30 Year Conventional Refi 6.23% 3/28/24
30 Year Cash-out Refi 6.43% 3/28/24
30 Year FHA Purchase 6.27% 3/28/24
15 Year Conventional Purchase 5.58% 3/28/24
15 Year Conventional Refi 5.90% 3/28/24
15 Year Cash-out Refi 5.90% 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.

Bank Of Sun Prairie Mortgage Calculator






Your Estimates

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This is not an official calculator from Bank Of Sun Prairie. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

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


Originations

141

Origination Dollar Volume (All Markets)

$31,005,000

Employee count

75

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
MADISON, WI (FHA|USDA|VA) 108 $27,020,000 $250,185 $0 0.00%
Beaver Dam, WI (FHA|USDA|VA) 17 $1,305,000 $76,765 $0 0.00%
Outside of Metro Areas 5 $855,000 $171,000 $0 0.00%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 5 $625,000 $125,000 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 3 $545,000 $181,667 $0 0.00%
Baraboo, WI (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
GREEN BAY, WI (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Bank Of Sun Prairie's top markets include Madison, Beaver Dam, Janesville, Milwaukee, and Baraboo among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Bank of Sun Prairie 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 141 $31,005,000 $219,894 $0 0.00%

    For 2018, Bank Of Sun Prairie's most frequently originated type of loan was Conventional, with 141 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 70 $15,030,000 $214,714 $0 0.00%
    Refi 43 $12,275,000 $285,465 $0 0.00%
    Cash Out Refi 15 $2,945,000 $196,333 $0 0.00%
    Home Improvement 7 $465,000 $66,429 $0 0.00%
    Other 6 $290,000 $48,333 $0 0.00%

    For 2018, Bank Of Sun Prairie's most frequently cited loan purpose was Home Purchase, with 70 originations. The 2nd most popular reason was Refi, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 141 $31,005,000 $219,894 $0 0.00%

    For 2018, Bank Of Sun Prairie's most frequently cited loan duration was Other, with 141 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 46 $2,530,000 $55,000 $0 0.00%
    $100k-200k 46 $6,650,000 $144,565 $0 0.00%
    $200k-400k 38 $10,560,000 $277,895 $0 0.00%
    $400k-600k 8 $3,690,000 $461,250 $0 0.00%
    $1MM+ 2 $6,730,000 $3,365,000 $0 0.00%
    $600k-1MM 1 $845,000 $845,000 $0 0.00%

    2018 saw Bank Of Sun Prairie place emphasis on $100,000 or less loans with 46 originations, totaling $2,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 26 $3,560,000 $136,923 $0 0.00%
    $75k-100k 21 $3,485,000 $165,952 $0 0.00%
    $100k-150k 18 $3,900,000 $216,667 $0 0.00%
    $50k or less 18 $2,120,000 $117,778 $0 0.00%
    $150k-250k 14 $2,930,000 $209,286 $0 0.00%
    $250k+ 8 $1,860,000 $232,500 $0 0.00%

    Bank Of Sun Prairie lent most frequently to those with incomes in the $50k-75k range, with 26 originations. The second most popular income band? $75k-100k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 141 $31,005,000 $219,894 $0 0.00%

    Bank Of Sun Prairie lent most frequently to those with DTI ratios of Exempt%, with 141 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 105 $18,195,000 $173,286 $0 0.00%
    Not applicable 29 $11,095,000 $382,586 $0 0.00%
    Not provided 6 $1,280,000 $213,333 $0 0.00%
    Asian 1 $435,000 $435,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.28%

    Bank Of Sun Prairie has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.20%

    Bank Of Sun Prairie has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 141 $31,005,000 $219,894

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $8,870,000 $1,478,333
    Single Family (1-4 Units):Manufactured 1 $205,000 $205,000
    Single Family (1-4 Units):Site-Built 134 $21,930,000 $163,657

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 14.8%
    BANK OF THE WEST VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.7%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 3 11.1%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.7%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 5 18.5%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 3.7%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Incorrect information on your report 2 7.4%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Closing on a mortgage 1 3.7%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 4 14.8%
    BANK OF THE WEST FHA mortgage Closing on a mortgage 1 3.7%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 1 3.7%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 1 3.7%
    BANK OF THE WEST Conventional home mortgage Closing on a mortgage 2 7.4%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bank of Sun Prairie 228 East Main Street Sun Prairie, WI 53590 Full Service B&M $197,807
    Bank of Sun Prairie 419 West Cottage Grove Road Cottage Grove, WI 53527 Full Service B&M $40,357
    Bank of Sun Prairie 550 Broadway Drive Sun Prairie, WI 53590 Full Service B&M $36,949
    Bank of Sun Prairie 695 South Grand Avenue Sun Prairie, WI 53590 Full Service B&M $28,287

    For 2018, Bank Of Sun Prairie had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,962
    Net interest income $13,068
    Total noninterest income $1,902
    Gross Fiduciary activities income $337
    Service charges on deposit accounts $191
    Trading account gains and fees $0
    Additional Noninterest Income $1,374
    Pre-tax net operating income $4,524
    Securities gains (or losses, -) $11
    Income before extraordinary items $3,525
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,525
    Minority interest net income $0
    Net income $3,525
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,516

    Bank Of Sun Prairie's gross interest income from loans was $15,962,000.
    Bank Of Sun Prairie's net interest income from loans was $13,068,000.
    Bank Of Sun Prairie's fee based income from loans was $191,000.
    Bank Of Sun Prairie's net income from loans was $3,525,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,894
    Provision for credit losses $457
    Total noninterest expense $9,989
    Salaries and employee benefits $6,251
    Premises and equipment expense $829
    Additional noninterest expense $2,909
    Applicable income taxes $1,010
    Net charge-offs $32
    Cash dividends $1,180

    Bank Of Sun Prairie's interest expense for loans was $2,894,000.
    Bank Of Sun Prairie's payroll and benefits expense were $6,251,000.
    Bank Of Sun Prairie's property, plant and equipment expenses $829,000.

    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 2.0%
    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 $326,671
    Deposits held in domestic offices $326,671
    Deposits by Individuals, partnerships, and corporations $311,997
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $13,618
    Deposits by Commercial banks and other depository institutions in U.S. $1,056
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $92,961
    Demand deposits $91,869
    Nontransaction accounts $233,710
    Money market deposit accounts (MMDAs) $112,986
    Other savings deposits (excluding MMDAs) $21,195
    Total time deposits $99,529
    Total time and savings deposits $234,802
    Noninterest-bearing deposits $67,410
    Interest-bearing deposits $259,261
    Retail deposits $311,059
    IRAs and Keogh plan accounts $12,118
    Brokered deposits $740
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $412,495
    Cash & Balances due from depository institutions $18,844
    Interest-bearing balances $10,381
    Total securities $39,634
    Federal funds sold & reverse repurchase $0
    Net loans and leases $338,220
    Loan and leases loss allowance $5,125
    Trading account assets $0
    Bank premises and fixed assets $3,292
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $12,505

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $412,495
    Total Liabilities $361,110
    Total deposits $326,671
    Interest-bearing deposits $259,261
    Deposits held in domestic offices $326,671
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $3,513
    Trading liabilities $0
    Other borrowed funds $30,000
    Subordinated debt $0
    All other liabilities $926

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $338,220
    Loan and leases loss allowance $5,125
    Total loans and leases (domestic) $343,345
    All real estate loans $299,871
    Real estate loans in domestic offices $299,871
    Construction and development loans $48,954
    Residential 1-4 family construction $2,327
    Other construction, all land development and other land $46,627
    Loans secured by nonfarm nonresidential properties $165,134
    Nonfarm nonresidential secured by owner-occupied properties $52,819
    Commercial real estate & other non-farm, non-residential $112,315
    Multifamily residential real estate $38,781
    1-4 family residential loans $45,677
    Farmland loans $1,325
    Loans held in foreign offices $0
    Farm loans $39
    Commercial and industrial loans $27,870
    To non-U.S. addressees $0
    Loans to individuals $3,831
    Credit card loans $1,564
    Related Plans $59
    Consumer Auto Loans $562
    Other loans to individuals $1,646
    All other loans & leases $11,734
    Loans to foreign governments and official institutions $0
    Other loans $487
    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 $227
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Bank of Sun Prairie had $338,220,000 of loans outstanding in 2018. $299,871,000 of loans were in real estate loans. $48,954,000 of loans were in development loans. $38,781,000 of loans were in multifamily mortgage loans. $45,677,000 of loans were in 1-4 family mortgage loans. $39,000 of loans were in farm loans. $1,564,000 of loans were in credit card loans. $562,000 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 106 $29,043 $273,991
    Nonfarm, nonresidential loans - <$100k 22 $888 $40,364
    Nonfarm, nonresidential loans - $100-250k 32 $4,700 $146,875
    Nonfarm, nonresidential loans - $250k-1MM 52 $23,455 $451,058
    Commercial & Industrial, US addressed loans - <$1MM 805 $12,426 $15,436
    Commercial & Industrial, US addressed loans - <$100k 746 $3,287 $4,406
    Commercial & Industrial, US addressed loans - $100-250k 33 $2,919 $88,455
    Commercial & Industrial, US addressed loans - $250k-1MM 26 $6,220 $239,231
    Agriculture operations loans - <$1MM 4 $39 $9,750
    Agriculture operations loans - <$100k 4 $39 $9,750