Applications / Mortgage Analytics / Lenders / Wisconsin / Waldo State Bank
Waldo, WI · State non-member bank · FDIC · $153 million assets · 69 loans in 2025
Waldo State Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
69
loans originated, 2025
75
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Waldo State Bank is a small Wisconsin lender that made 69 home loans in 2025, about as many as in most years since 2018, and ranks 12th of 201 lenders in Sheboygan.
It has lent in Sheboygan since at least 1990 and holds 2.2% of the market there, against 1.9% in 2024. That puts it 12th of 201 lenders, behind Bank First and Kohler Credit Union, the two leaders. Elsewhere it barely registers, with 0.1% of lending in Fond du Lac.
Its 69 loans were 4% fewer than in 2024. Similar lenders, state non-member banks making between half and twice as many loans, grew 9% and the whole market 10%. On fewer than a hundred loans, a dip of 4% is a few loans, too small to read much into. Its volume has been steady for years: 68 loans in 2020, 102 in 2021.
Half its loans financed purchases and 39.1% were refinances. Borrowers with low or moderate incomes (LMI) took 29.6% of loans, near the middle of similar lenders and close to their 27.3%. Its typical loan has grown, from $115,000 in 2020 to $215,000, and is now above peers' $175,000. Every loan was conventional, with no government backing.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Waldo State Bank took 75 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 50.7% · Refinance 39.1% · Other 8.7% · Home improvement 1.4%
Conventional 100.0% · of 69 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Wisconsin | 69 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Sheboygan | 59 |
| Milwaukee-Waukesha | 3 |
| Fond du Lac | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300ALPT3HYIWS8833 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 131940 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 38700 | 1990–2017 |
Established 1 January 1913. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Waldo State Bank's data.
Waldo State Bank's data
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Waldo State Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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