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 and Refi loans. Professional Bank has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Naples, Asheville, Sebastian, and Sebring among others. We have data for 10 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.

    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

    117

    Origination Dollar Volume (All Markets)

    $125,305,000

    Employee count

    182

    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) 108 $120,420,000 $1,115,000 $0 0.00%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $1,955,000 $1,955,000 $0 0.00%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $625,000 $625,000 $0 0.00%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $435,000 $435,000 $0 0.00%
    Key West, FL (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    Professional Bank's top markets include Miami, Naples, Asheville, Sebastian, and Sebring among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 117 $125,305,000 $1,070,983 $0 0.00%

    For 2020, Professional Bank's most frequently originated type of loan was Conventional, with 117 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 74 $83,040,000 $1,122,162 $0 0.00%
    Refi 36 $37,510,000 $1,041,944 $0 0.00%
    Other 7 $4,755,000 $679,286 $0 0.00%

    For 2020, Professional Bank's most frequently cited loan purpose was Home Purchase, with 74 originations. The 2nd most popular reason was Refi, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 117 $125,305,000 $1,070,983 $0 0.00%

    For 2020, Professional Bank's most frequently cited loan duration was Other, with 117 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 45 $90,285,000 $2,006,333 $0 0.00%
    $400k-600k 25 $11,875,000 $475,000 $0 0.00%
    $600k-1MM 23 $17,075,000 $742,391 $0 0.00%
    $200k-400k 16 $4,910,000 $306,875 $0 0.00%
    $100k-200k 7 $1,095,000 $156,429 $0 0.00%
    $100,000 or less 1 $65,000 $65,000 $0 0.00%

    2020 saw Professional Bank place emphasis on $1MM+ loans with 45 originations, totaling $90,285,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 67 $79,415,000 $1,185,299 $0 0.00%
    $150k-250k 13 $7,935,000 $610,385 $0 0.00%
    $100k-150k 12 $4,510,000 $375,833 $0 0.00%
    $50k-75k 3 $505,000 $168,333 $0 0.00%
    $75k-100k 2 $630,000 $315,000 $0 0.00%
    $50k or less 1 $155,000 $155,000 $0 0.00%

    Professional Bank lent most frequently to those with incomes in the $250k+ range, with 67 originations. The second most popular income band? $150k-250k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 117 $125,305,000 $1,070,983 $0 0.00%

    Professional Bank lent most frequently to those with DTI ratios of Exempt%, with 117 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 75 $72,435,000 $965,800 $0 0.00%
    Not provided 21 $33,875,000 $1,613,095 $0 0.00%
    Not applicable 16 $15,240,000 $952,500 $0 0.00%
    Black 4 $2,530,000 $632,500 $0 0.00%
    Asian 1 $1,225,000 $1,225,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.67%

    Professional Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.07%

    Professional Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 117 $125,305,000 $1,070,983

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 12 $13,740,000 $1,145,000
    Single Family (1-4 Units):Site-Built 105 $111,565,000 $1,062,524

    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 $343,631
    Professional Bank 19058 Ne 29th Avenue Aventura, FL 33180 Full Service B&M $138,392
    Professional Bank 201 Se 12th St, Suite 200 Fort Lauderdale, FL 33316 Full Service B&M $47,413
    Professional Bank 396 Alhambra Cir, Ste 255 Coral Gables, FL 33134 Full Service B&M $699,328
    Professional Bank 5100 Pga Blvd, Suite 101 Palm Beach Gardens, FL 33418 Full Service B&M $182,031
    Professional Bank 9150 S Dadeland Blvd, Suite 104 Miami, FL 33156 Full Service B&M $26,628
    Professional Bank 980 North Federal Highway, Suite 100 Boca Raton, FL 33432 Full Service B&M $122,626

    For 2020, Professional Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $69,081
    Net interest income $60,493
    Total noninterest income $4,739
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $571
    Trading account gains and fees $0
    Additional Noninterest Income $4,168
    Pre-tax net operating income $14,455
    Securities gains (or losses, -) $71
    Income before extraordinary items $11,323
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,323
    Minority interest net income $0
    Net income $11,323
    Sale, conversion, retirement of capital stock, net $70,588
    Net operating income $11,266

    Professional Bank's gross interest income from loans was $69,081,000.
    Professional Bank's net interest income from loans was $60,493,000.
    Professional Bank's fee based income from loans was $571,000.
    Professional Bank's net income from loans was $11,323,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,588
    Provision for credit losses $10,017
    Total noninterest expense $40,760
    Salaries and employee benefits $25,545
    Premises and equipment expense $4,292
    Additional noninterest expense $10,923
    Applicable income taxes $3,203
    Net charge-offs $307
    Cash dividends $0

    Professional Bank's interest expense for loans was $8,588,000.
    Professional Bank's payroll and benefits expense were $25,545,000.
    Professional Bank's property, plant and equipment expenses $4,292,000.

    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 11.0%
    Credit card loans 0.0%
    Other individual loans 11.0%
    Auto loans 0.0%
    Other consumer loans 11.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,702,511
    Deposits held in domestic offices $1,702,511
    Deposits by Individuals, partnerships, and corporations $1,572,219
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $127,010
    Deposits by Commercial banks and other depository institutions in U.S. $3,283
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $750,934
    Demand deposits $597,422
    Nontransaction accounts $951,578
    Money market deposit accounts (MMDAs) $705,276
    Other savings deposits (excluding MMDAs) $9,727
    Total time deposits $236,574
    Total time and savings deposits $1,105,090
    Noninterest-bearing deposits $522,539
    Interest-bearing deposits $1,179,972
    Retail deposits $1,542,174
    IRAs and Keogh plan accounts $6,795
    Brokered deposits $30,141
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,056,933
    Cash & Balances due from depository institutions $191,595
    Interest-bearing balances $129,291
    Total securities $95,062
    Federal funds sold & reverse repurchase $25,376
    Net loans and leases $1,642,682
    Loan and leases loss allowance $16,259
    Trading account assets $0
    Bank premises and fixed assets $10,478
    Other real estate owned $0
    Goodwill and other intangibles $26,043
    All other assets $65,697

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,056,933
    Total Liabilities $1,870,559
    Total deposits $1,702,511
    Interest-bearing deposits $1,179,972
    Deposits held in domestic offices $1,702,511
    % insured (estimated) $46
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $154,573
    Subordinated debt $0
    All other liabilities $13,475

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,642,682
    Loan and leases loss allowance $16,259
    Total loans and leases (domestic) $1,658,941
    All real estate loans $1,257,346
    Real estate loans in domestic offices $1,257,346
    Construction and development loans $99,883
    Residential 1-4 family construction $45,209
    Other construction, all land development and other land $54,674
    Loans secured by nonfarm nonresidential properties $676,253
    Nonfarm nonresidential secured by owner-occupied properties $286,998
    Commercial real estate & other non-farm, non-residential $389,255
    Multifamily residential real estate $47,308
    1-4 family residential loans $432,606
    Farmland loans $1,296
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $376,868
    To non-U.S. addressees $0
    Loans to individuals $11,573
    Credit card loans $0
    Related Plans $4,975
    Consumer Auto Loans $7
    Other loans to individuals $6,591
    All other loans & leases $18,732
    Loans to foreign governments and official institutions $0
    Other loans $14,257
    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 $298
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    PROFESSIONAL BANK had $1,642,682,000 of loans outstanding in 2020. $1,257,346,000 of loans were in real estate loans. $99,883,000 of loans were in development loans. $47,308,000 of loans were in multifamily mortgage loans. $432,606,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $7,000 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 202 $83,034 $411,059
    Nonfarm, nonresidential loans - <$100k 2 $127 $63,500
    Nonfarm, nonresidential loans - $100-250k 32 $5,113 $159,781
    Nonfarm, nonresidential loans - $250k-1MM 168 $77,794 $463,060
    Commercial & Industrial, US addressed loans - <$1MM 2,006 $189,591 $94,512
    Commercial & Industrial, US addressed loans - <$100k 1,399 $47,057 $33,636
    Commercial & Industrial, US addressed loans - $100-250k 333 $44,732 $134,330
    Commercial & Industrial, US addressed loans - $250k-1MM 274 $97,802 $356,942
    Farmland loans - <$1MM 1 $133 $133,000
    Farmland loans - $100-250k 1 $133 $133,000