PlainLender

BANKERS' BANK

MADISON, WI

BANKERS' BANK processed 490 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 337 loans with a 11.8% denial rate. Home Purchase was the primary loan purpose. Based in MADISON, WI. The approval rate of 68.8% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. BANKERS' BANK processed 490 HMDA-reported mortgage applications in 2024, originating 337 loans and denying 58 for a denial rate of 11.8% (applicants themselves withdrew 74 files before a decision). The average loan amount was $218,714 at a 6.635% average note rate, and applicants self-reported an average income of $32,000. The lender reports under LEI 549300EES32R2VOEK894 from MADISON, WI.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. BANKERS' BANK's 68.8% origination rate tells you how often an application turned into funded money; the 11.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (459 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

490
Applications
337
Originated
11.8%
Denial Rate
$218,714
Avg Loan Amount
Avg Interest Rate: 6.635% Avg Applicant Income: $32,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 459 321 48 $223,998
USDA 29 14 10 $137,759
VA 2 2 0 $180,000

Top loan types — BANKERS' BANK

Top loan types — BANKERS' BANK Horizontal bar chart of the top 3 items by value (applications). Top loan types — BANKERS' BANK Top 3 1. Conventional 459 2. USDA 29 3. VA 2 Top 5 loan types by application volume at BANKERS' BANK (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for BANKERS' BANK (LEI: 549300EES32R2VOEK894) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Credit history
31
Debt-to-income ratio
12
Collateral
7
Other
7
Insufficient cash
2
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 372 252 $212,151
Refinancing 71 50 $275,141
Cash-out Refinancing 46 34 $182,391
Home Improvement 1 1 $325,000

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 439 69.0% 12.1%
Joint 12 50.0% 25.0%
American Indian or Alaska Native 4 75.0% 25.0%
Asian 4 75.0% 0.0%
Black or African American 2 50.0% 50.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 435 68.7% 12.2%
Hispanic or Latino 9 55.6% 22.2%
Joint 7 57.1% 14.3%

Nearby Lenders in WI

Other HMDA-reporting lenders in WI with similar activity. Compare any two side-by-side.

FAIRWAY INDEPENDENT MORT CORP

MADISON, WI

102,501 apps 74,401 originated 4.7% denied

Summit Credit Union

Cottage Grove, WI

15,990 apps 9,929 originated 10.9% denied

UW CREDIT UNION

MADISON, WI

11,177 apps 8,477 originated 12.3% denied

Associated Bank NA

Green Bay, WI

10,999 apps 6,532 originated 24.4% denied

WATERSTONE MORTGAGE CORPORATION

BROOKFIELD, WI

10,792 apps 7,819 originated 4.5% denied
Compare BANKERS' BANK vs FAIRWAY INDEPENDENT MORT CORP →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did BANKERS' BANK process?
BANKERS' BANK processed 490 mortgage applications in the 2023 HMDA reporting year. Of these, 337 were originated (approved and funded), 74 were withdrawn by the applicant, and 58 were denied.
What is BANKERS' BANK's mortgage approval rate?
BANKERS' BANK has an approval (origination) rate of 68.8%, meaning 68.8% of all applications resulted in a funded mortgage. The denial rate is 11.8%.
What is the average loan amount at BANKERS' BANK?
The average mortgage loan amount at BANKERS' BANK is $218,714. The average interest rate is 6.635%. The average applicant income is $32,000.
What are the most common reasons for mortgage denial at BANKERS' BANK?
The most common reasons for mortgage denial at BANKERS' BANK are: Credit history, Debt-to-income ratio, Collateral. In total, 58 applications were denied out of 490 total applications.
What types of mortgage loans does BANKERS' BANK offer?
BANKERS' BANK processes Conventional, USDA, VA loans. The most common type is Conventional with 459 applications and an average loan amount of $223,998.
What loan purposes does BANKERS' BANK serve?
BANKERS' BANK serves the following loan purposes: Home Purchase (372 applications), Refinancing (71 applications), Cash-out Refinancing (46 applications), Home Improvement (1 applications). Home Purchase is the most common purpose.
Where is BANKERS' BANK located?
BANKERS' BANK is headquartered in MADISON, WI. The lender is identified by LEI 549300EES32R2VOEK894 in HMDA data.
How does BANKERS' BANK compare in lending across racial demographics?
BANKERS' BANK reports demographic lending data under HMDA requirements. White applicants have an approval rate of 69.0% and denial rate of 12.1%; Joint applicants have an approval rate of 50.0% and denial rate of 25.0%; American Indian or Alaska Native applicants have an approval rate of 75.0% and denial rate of 25.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.