Professional Bank Mortgage Rates, Fees & Info

Coral Gables, FL

LEI: 254900MPKKQDGRJC2S10

Tax ID: 26-2155465

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Professional Bank is a smaller bank specializing in Home Purchase loans. Professional Bank has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Port St. Lucie, Deltona, and Key West among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Professional Bank has an average approval rate when compared to the average across all lenders. They have a below 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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    Originations

    94

    Origination Dollar Volume (All Markets)

    $105,580,000

    Employee count

    117

    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
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 90 $103,990,000 $1,155,444 $0 0.00%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $970,000 $485,000 $0 0.00%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
    Key West, FL (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    Professional Bank's top markets include Miami, Port St. Lucie, Deltona, and Key West among others.

    Their top states include:
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 94 $105,580,000 $1,123,191 $0 0.00%

    For 2018, Professional Bank's most frequently originated type of loan was Conventional, with 94 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 64 $82,200,000 $1,284,375 $0 0.00%
    Refi 21 $19,285,000 $918,333 $0 0.00%
    Other 7 $3,015,000 $430,714 $0 0.00%
    Home Improvement 1 $295,000 $295,000 $0 0.00%
    Cash Out Refi 1 $785,000 $785,000 $0 0.00%

    For 2018, Professional Bank's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 94 $105,580,000 $1,123,191 $0 0.00%

    For 2018, Professional Bank's most frequently cited loan duration was Other, with 94 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 28 $21,050,000 $751,786 $0 0.00%
    $1MM+ 25 $69,265,000 $2,770,600 $0 0.00%
    $400k-600k 20 $9,900,000 $495,000 $0 0.00%
    $200k-400k 16 $4,590,000 $286,875 $0 0.00%
    $100k-200k 5 $775,000 $155,000 $0 0.00%

    2018 saw Professional Bank place emphasis on $600k-1MM loans with 28 originations, totaling $21,050,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 54 $75,830,000 $1,404,259 $0 0.00%
    $150k-250k 17 $7,915,000 $465,588 $0 0.00%
    $100k-150k 6 $2,400,000 $400,000 $0 0.00%
    $75k-100k 3 $715,000 $238,333 $0 0.00%
    $50k-75k 2 $760,000 $380,000 $0 0.00%

    Professional Bank lent most frequently to those with incomes in the $250k+ range, with 54 originations. The second most popular income band? $150k-250k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 94 $105,580,000 $1,123,191 $0 0.00%

    Professional Bank lent most frequently to those with DTI ratios of Exempt%, with 94 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 66 $69,780,000 $1,057,273 $0 0.00%
    Not applicable 8 $17,020,000 $2,127,500 $0 0.00%
    Not provided 17 $16,685,000 $981,471 $0 0.00%
    Asian 3 $2,095,000 $698,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.22%

    Professional Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    62.77%

    Professional Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 94 $105,580,000 $1,123,191

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $525,000 $525,000
    Single Family (1-4 Units):Site-Built 93 $105,055,000 $1,129,624

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Professional Bank 1567 San Remo Avenue Coral Gables, FL 33146 Full Service B&M $244,302
    Professional Bank 396 Alhambra Circle, Suite 255 Coral Gables, FL 33134 Full Service B&M $176,162
    Professional Bank 5100 Pga Blvd Palm Beach Gardens, FL 33418 Full Service B&M $119,286

    For 2018, Professional Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $27,750
    Net interest income $21,913
    Total noninterest income $1,893
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $388
    Trading account gains and fees $0
    Additional Noninterest Income $1,505
    Pre-tax net operating income $3,673
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,004
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,004
    Minority interest net income $0
    Net income $3,004
    Sale, conversion, retirement of capital stock, net $40
    Net operating income $3,004

    Professional Bank's gross interest income from loans was $27,750,000.
    Professional Bank's net interest income from loans was $21,913,000.
    Professional Bank's fee based income from loans was $388,000.
    Professional Bank's net income from loans was $3,004,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,837
    Provision for credit losses $1,150
    Total noninterest expense $18,983
    Salaries and employee benefits $12,875
    Premises and equipment expense $1,852
    Additional noninterest expense $4,256
    Applicable income taxes $669
    Net charge-offs $0
    Cash dividends $0

    Professional Bank's interest expense for loans was $5,837,000.
    Professional Bank's payroll and benefits expense were $12,875,000.
    Professional Bank's property, plant and equipment expenses $1,852,000.

    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 $625,367
    Deposits held in domestic offices $625,367
    Deposits by Individuals, partnerships, and corporations $567,249
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $53,142
    Deposits by Commercial banks and other depository institutions in U.S. $4,976
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $222,815
    Demand deposits $149,930
    Nontransaction accounts $402,552
    Money market deposit accounts (MMDAs) $306,585
    Other savings deposits (excluding MMDAs) $2,389
    Total time deposits $93,579
    Total time and savings deposits $475,437
    Noninterest-bearing deposits $152,310
    Interest-bearing deposits $473,057
    Retail deposits $560,129
    IRAs and Keogh plan accounts $2,015
    Brokered deposits $19,935
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $729,625
    Cash & Balances due from depository institutions $64,842
    Interest-bearing balances $54,391
    Total securities $20,785
    Federal funds sold & reverse repurchase $22,041
    Net loans and leases $601,480
    Loan and leases loss allowance $5,685
    Trading account assets $0
    Bank premises and fixed assets $2,954
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $17,523

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $729,625
    Total Liabilities $667,531
    Total deposits $625,367
    Interest-bearing deposits $473,057
    Deposits held in domestic offices $625,367
    % insured (estimated) $44
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $40,000
    Subordinated debt $0
    All other liabilities $2,164

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $601,480
    Loan and leases loss allowance $5,685
    Total loans and leases (domestic) $607,165
    All real estate loans $518,224
    Real estate loans in domestic offices $518,224
    Construction and development loans $19,088
    Residential 1-4 family construction $9,027
    Other construction, all land development and other land $10,061
    Loans secured by nonfarm nonresidential properties $173,295
    Nonfarm nonresidential secured by owner-occupied properties $95,491
    Commercial real estate & other non-farm, non-residential $77,804
    Multifamily residential real estate $15,368
    1-4 family residential loans $310,325
    Farmland loans $148
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $73,295
    To non-U.S. addressees $0
    Loans to individuals $3,484
    Credit card loans $0
    Related Plans $2,805
    Consumer Auto Loans $108
    Other loans to individuals $571
    All other loans & leases $12,458
    Loans to foreign governments and official institutions $0
    Other loans $12,458
    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 $357
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    PROFESSIONAL BANK had $601,480,000 of loans outstanding in 2018. $518,224,000 of loans were in real estate loans. $19,088,000 of loans were in development loans. $15,368,000 of loans were in multifamily mortgage loans. $310,325,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $108,000 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 68 $24,580 $361,471
    Nonfarm, nonresidential loans - <$100k 1 $22 $22,000
    Nonfarm, nonresidential loans - $100-250k 13 $1,838 $141,385
    Nonfarm, nonresidential loans - $250k-1MM 54 $22,720 $420,741
    Commercial & Industrial, US addressed loans - <$1MM 418 $26,933 $64,433
    Commercial & Industrial, US addressed loans - <$100k 310 $10,445 $33,694
    Commercial & Industrial, US addressed loans - $100-250k 54 $6,053 $112,093
    Commercial & Industrial, US addressed loans - $250k-1MM 54 $10,435 $193,241
    Farmland loans - <$1MM 1 $148 $148,000
    Farmland loans - $100-250k 1 $148 $148,000