Professional Bank Mortgage Rates, Fees & Info

Coral Gables, FL

LEI: 254900MPKKQDGRJC2S10

Tax ID: 26-2155465

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Mortgage Data

Bank Data

Review & Overview

Professional Bank is a smaller bank specializing in Home Purchase and Refi loans. Professional Bank has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Port St. Lucie, Baltimore, Tampa, and Key West among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Professional Bank 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.

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Originations

113

Origination Dollar Volume (All Markets)

$115,535,000

Employee count

137

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) 100 $104,080,000 $1,040,800 $0 0.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $3,220,000 $805,000 $0 0.00%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $2,605,000 $2,605,000 $0 0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $2,505,000 $2,505,000 $0 0.00%
Key West, FL (FHA|USDA|VA) 4 $2,100,000 $525,000 $0 0.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Professional Bank's top markets include Miami, Port St. Lucie, Baltimore, Tampa, and Key West among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 113 $115,535,000 $1,022,434 $0 0.00%

    For 2019, Professional Bank's most frequently originated type of loan was Conventional, with 113 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 71 $66,345,000 $934,437 $0 0.00%
    Refi 35 $45,775,000 $1,307,857 $0 0.00%
    Other 5 $1,965,000 $393,000 $0 0.00%
    Home Improvement 1 $125,000 $125,000 $0 0.00%
    Cash Out Refi 1 $1,325,000 $1,325,000 $0 0.00%

    For 2019, Professional Bank's most frequently cited loan purpose was Home Purchase, with 71 originations. The 2nd most popular reason was Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 113 $115,535,000 $1,022,434 $0 0.00%

    For 2019, Professional Bank's most frequently cited loan duration was Other, with 113 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 35 $79,965,000 $2,284,714 $0 0.00%
    $200k-400k 22 $6,340,000 $288,182 $0 0.00%
    $400k-600k 22 $11,020,000 $500,909 $0 0.00%
    $600k-1MM 22 $16,280,000 $740,000 $0 0.00%
    $100k-200k 12 $1,930,000 $160,833 $0 0.00%

    2019 saw Professional Bank place emphasis on $1MM+ loans with 35 originations, totaling $79,965,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 52 $61,770,000 $1,187,885 $0 0.00%
    $150k-250k 26 $13,030,000 $501,154 $0 0.00%
    $50k-75k 7 $1,685,000 $240,714 $0 0.00%
    $100k-150k 6 $1,550,000 $258,333 $0 0.00%
    $50k or less 1 $175,000 $175,000 $0 0.00%
    $75k-100k 1 $325,000 $325,000 $0 0.00%

    Professional Bank lent most frequently to those with incomes in the $250k+ range, with 52 originations. The second most popular income band? $150k-250k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 113 $115,535,000 $1,022,434 $0 0.00%

    Professional Bank lent most frequently to those with DTI ratios of Exempt%, with 113 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 77 $67,185,000 $872,532 $0 0.00%
    Not applicable 20 $37,000,000 $1,850,000 $0 0.00%
    Not provided 16 $11,350,000 $709,375 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.99%

    Professional Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.76%

    Professional Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 113 $115,535,000 $1,022,434

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 14 $23,540,000 $1,681,429
    Single Family (1-4 Units):Site-Built 99 $91,995,000 $929,242

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Professional Mortgage Associates Conventional home mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Professional Bank 1518 San Ignacio Avenue Coral Gables, FL 33146 Full Service B&M $296,714
    Professional Bank 396 Alhambra Circle, Suite 255 Coral Gables, FL 33134 Full Service B&M $226,421
    Professional Bank 5100 Pga Blvd, Suite 101 Palm Beach Gardens, FL 33418 Full Service B&M $163,068
    Professional Bank 9150 South Dadeland Blvd, Suite 104 Miami, FL 33156 Full Service B&M $9,382
    Professional Bank 980 North Federal Highway, Suite 100 Boca Raton, FL 33432 Full Service B&M $62,417

    For 2019, Professional Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $39,210
    Net interest income $28,050
    Total noninterest income $2,817
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $397
    Trading account gains and fees $0
    Additional Noninterest Income $2,420
    Pre-tax net operating income $4,114
    Securities gains (or losses, -) $-21
    Income before extraordinary items $3,437
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,437
    Minority interest net income $0
    Net income $3,437
    Sale, conversion, retirement of capital stock, net $80
    Net operating income $3,454

    Professional Bank's gross interest income from loans was $39,210,000.
    Professional Bank's net interest income from loans was $28,050,000.
    Professional Bank's fee based income from loans was $397,000.
    Professional Bank's net income from loans was $3,437,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $11,160
    Provision for credit losses $862
    Total noninterest expense $25,891
    Salaries and employee benefits $17,920
    Premises and equipment expense $2,528
    Additional noninterest expense $5,443
    Applicable income taxes $656
    Net charge-offs $-2
    Cash dividends $0

    Professional Bank's interest expense for loans was $11,160,000.
    Professional Bank's payroll and benefits expense were $17,920,000.
    Professional Bank's property, plant and equipment expenses $2,528,000.

    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 1.0%
    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 $899,481
    Deposits held in domestic offices $899,481
    Deposits by Individuals, partnerships, and corporations $788,994
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $92,182
    Deposits by Commercial banks and other depository institutions in U.S. $18,305
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $283,882
    Demand deposits $175,691
    Nontransaction accounts $615,599
    Money market deposit accounts (MMDAs) $495,317
    Other savings deposits (excluding MMDAs) $10,939
    Total time deposits $109,345
    Total time and savings deposits $723,790
    Noninterest-bearing deposits $191,006
    Interest-bearing deposits $708,475
    Retail deposits $833,007
    IRAs and Keogh plan accounts $2,110
    Brokered deposits $22,623
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,052,466
    Cash & Balances due from depository institutions $171,980
    Interest-bearing balances $150,572
    Total securities $29,626
    Federal funds sold & reverse repurchase $26,970
    Net loans and leases $785,167
    Loan and leases loss allowance $6,549
    Trading account assets $0
    Bank premises and fixed assets $10,315
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $28,408

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,052,466
    Total Liabilities $964,034
    Total deposits $899,481
    Interest-bearing deposits $708,475
    Deposits held in domestic offices $899,481
    % insured (estimated) $41
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $55,000
    Subordinated debt $0
    All other liabilities $9,553

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $785,167
    Loan and leases loss allowance $6,549
    Total loans and leases (domestic) $791,716
    All real estate loans $654,701
    Real estate loans in domestic offices $654,701
    Construction and development loans $41,465
    Residential 1-4 family construction $24,413
    Other construction, all land development and other land $17,052
    Loans secured by nonfarm nonresidential properties $245,714
    Nonfarm nonresidential secured by owner-occupied properties $112,612
    Commercial real estate & other non-farm, non-residential $133,102
    Multifamily residential real estate $23,106
    1-4 family residential loans $342,262
    Farmland loans $2,154
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $118,204
    To non-U.S. addressees $0
    Loans to individuals $7,982
    Credit card loans $0
    Related Plans $4,136
    Consumer Auto Loans $76
    Other loans to individuals $3,770
    All other loans & leases $11,581
    Loans to foreign governments and official institutions $0
    Other loans $11,581
    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 $367
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    PROFESSIONAL BANK had $785,167,000 of loans outstanding in 2019. $654,701,000 of loans were in real estate loans. $41,465,000 of loans were in development loans. $23,106,000 of loans were in multifamily mortgage loans. $342,262,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $76,000 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 80 $27,179 $339,738
    Nonfarm, nonresidential loans - <$100k 1 $26 $26,000
    Nonfarm, nonresidential loans - $100-250k 18 $2,606 $144,778
    Nonfarm, nonresidential loans - $250k-1MM 61 $24,547 $402,410
    Commercial & Industrial, US addressed loans - <$1MM 506 $44,906 $88,747
    Commercial & Industrial, US addressed loans - <$100k 365 $14,136 $38,729
    Commercial & Industrial, US addressed loans - $100-250k 60 $6,063 $101,050
    Commercial & Industrial, US addressed loans - $250k-1MM 81 $24,707 $305,025
    Farmland loans - <$1MM 1 $141 $141,000
    Farmland loans - $100-250k 1 $141 $141,000