Roxboro Savings Bank Ssb Mortgage Rates, Fees & Info

Roxboro, NC

LEI: 254900YFG40I5QM6EX80

Tax ID: 56-0384190

Latest/2023 | 2022 Data | 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
  • Similar Lenders
  • 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

    Roxboro Savings Bank Ssb is a smaller bank specializing in Home Purchase and Refi loans. Roxboro Savings Bank Ssb has a high proportion of conventional loans. Their top markets by origination volume include: Durham, Raleigh, Wilmington, Myrtle Beach, and Burlington among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Roxboro Savings Bank Ssb 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. Roxboro Savings Bank Ssb is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

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    Originations

    110

    Origination Dollar Volume (All Markets)

    $19,100,000

    Employee count

    30

    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
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 97 $17,045,000 $175,722 $3,542 4.78%
    Outside of Metro Areas 4 $870,000 $217,500 $4,047 4.56%
    RALEIGH-CARY, NC (FHA|USDA|VA) 3 $475,000 $158,333 $2,440 5.00%
    WILMINGTON, NC (FHA|USDA|VA) 2 $320,000 $160,000 $3,418 4.75%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $145,000 $145,000 $2,608 4.50%
    BURLINGTON, NC (FHA|USDA|VA) 2 $140,000 $70,000 $0 6.25%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.75%
    Roxboro Savings Bank Ssb's top markets include Durham, Raleigh, Wilmington, Myrtle Beach, and Burlington among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Roxboro Savings Bank SSB based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Roxboro Savings Bank SSB
    Similarity Rank: 567
    First Horizon Bank
    Similarity Rank: 1152
    Towne Mortgage of the Carolinas, LLC
    Similarity Rank: 1664
    M/I FINANCIAL, LLC
    Similarity Rank: 1848
    STATE EMPLOYEES'
    Similarity Rank: 1870
    Corporate Investors Mortgage Group, Inc.
    Similarity Rank: 2120
    LOCAL GOVERNMENT FEDERAL CREDIT UNION
    Similarity Rank: 2183
    LATINO COMMUNITY CREDIT UNION
    Similarity Rank: 2354
    Allen Tate Mortgage Partners, LLC
    Similarity Rank: 2457
    COASTAL Federal Credit Union
    Similarity Rank: 2688

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 110 $19,100,000 $173,636 $3,527 4.80%

    For 2018, Roxboro Savings Bank Ssb's most frequently originated type of loan was Conventional, with 110 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 73 $12,495,000 $171,164 $3,688 4.82%
    Refi 31 $5,835,000 $188,226 $3,271 4.62%
    Home Improvement 3 $515,000 $171,667 $3,318 4.63%
    Cash Out Refi 2 $230,000 $115,000 $2,037 6.06%
    NA 1 $25,000 $25,000 $0 7.50%

    For 2018, Roxboro Savings Bank Ssb's most frequently cited loan purpose was Home Purchase, with 73 originations. The 2nd most popular reason was Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 69 $14,155,000 $205,145 $3,762 4.61%
    15 Year 18 $1,960,000 $108,889 $2,754 4.81%
    20 Year 10 $1,620,000 $162,000 $3,186 5.29%
    10 Year 6 $680,000 $113,333 $2,298 5.00%
    5 Year 4 $600,000 $150,000 $0 5.34%
    Other 2 $60,000 $30,000 $0 6.13%
    3 Year 1 $25,000 $25,000 $0 7.50%

    For 2018, Roxboro Savings Bank Ssb's most frequently cited loan duration was 30 Year, with 69 originations. The 2nd most popular length was 15 Year, with 18 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 35 $4,025,000 $115,000
    $2k-3k 33 $6,765,000 $205,000
    $<1k 11 $1,015,000 $92,273
    $3k-4k 10 $3,150,000 $315,000
    $4k-5k 4 $1,830,000 $457,500
    $5k+ 1 $545,000 $545,000

    Roxboro Savings Bank Ssb's average total fees were $3,762, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 35 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 70 $13,370,000 $191,000
    5-6% 19 $2,435,000 $128,158
    3-4% 13 $2,665,000 $205,000
    6-7% 6 $530,000 $88,333
    7-8% 2 $100,000 $50,000

    During 2018, Roxboro Savings Bank Ssb's average interest rate for loans was 4.61%, while their most frequently originated rate bucket for loans was 4-5%, with 70 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 46 $6,890,000 $149,783 $3,145 4.74%
    $200k-400k 30 $7,900,000 $263,333 $4,291 4.55%
    $100,000 or less 29 $1,935,000 $66,724 $2,312 5.25%
    $400k-600k 5 $2,375,000 $475,000 $6,918 4.35%

    2018 saw Roxboro Savings Bank Ssb place emphasis on $100k-200k loans with 46 originations, totaling $6,890,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 26 $2,770,000 $106,538 $2,610 4.71%
    $100k-150k 23 $4,935,000 $214,565 $4,073 4.51%
    $75k-100k 20 $3,480,000 $174,000 $3,205 4.68%
    $50k-75k 18 $2,890,000 $160,556 $3,467 4.96%
    $150k-250k 16 $4,170,000 $260,625 $5,187 5.06%
    $250k+ 2 $350,000 $175,000 $4,331 5.31%

    Roxboro Savings Bank Ssb lent most frequently to those with incomes in the $50k or less range, with 26 originations. The second most popular income band? $100k-150k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 32 $5,320,000 $166,250 $3,534 4.85%
    30-36% 26 $4,870,000 $187,308 $3,534 4.74%
    <20% 8 $1,610,000 $201,250 $3,741 4.47%
    41% 6 $990,000 $165,000 $3,447 4.60%
    36% 6 $1,370,000 $228,333 $4,333 4.33%
    39% 5 $785,000 $157,000 $3,379 4.68%
    42% 4 $700,000 $175,000 $3,572 4.47%
    44% 3 $615,000 $205,000 $3,829 4.71%
    37% 3 $435,000 $145,000 $3,284 4.88%
    38% 2 $490,000 $245,000 $4,300 4.81%
    47% 2 $230,000 $115,000 $2,810 5.00%
    40% 2 $260,000 $130,000 $1,658 5.44%
    49% 1 $115,000 $115,000 $2,895 4.50%
    43% 1 $25,000 $25,000 $0 7.50%
    45% 1 $105,000 $105,000 $0 5.75%
    46% 1 $105,000 $105,000 $2,681 4.00%

    Roxboro Savings Bank Ssb lent most frequently to those with DTI ratios of 20-30%, with 32 originations. The next most common DTI ratio? 30-36%, with 26 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 92 $16,780,000 $182,391 $3,530 4.71%
    Black 10 $1,280,000 $128,000 $3,425 5.27%
    Not applicable 5 $505,000 $101,000 $0 5.58%
    Asian 1 $305,000 $305,000 $5,309 5.25%
    Not provided 2 $230,000 $115,000 $2,756 4.44%

    Approval Rates

    Total approvals of all applications
    79.27%

    Roxboro Savings Bank Ssb has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.82%

    Roxboro Savings Bank Ssb has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1339.5 1 $105,000 $105,000
    1459.5 1 $115,000 $115,000
    1849.5 1 $105,000 $105,000
    806.5 1 $25,000 $25,000
    NA 106 $18,750,000 $176,887

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 12 $1,180,000 $98,333
    Single Family (1-4 Units):Site-Built 98 $17,920,000 $182,857

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $655,000 $72,778 $2,373 4.40%
    40-60% 14 $2,430,000 $173,571 $3,360 4.66%
    60-80% 58 $10,190,000 $175,690 $3,510 4.93%
    80-100% 27 $5,785,000 $214,259 $4,014 4.55%
    Under 20% 2 $40,000 $20,000 $0 7.25%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Roxboro Savings Bank, SSB 313 South Main Street Roxboro, NC 27573 Full Service B&M $134,764
    Roxboro Savings Bank, SSB 5420 Durham Road Roxboro, NC 27573 Full Service B&M $33,180

    For 2018, Roxboro Savings Bank Ssb had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,948
    Net interest income $6,508
    Total noninterest income $930
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $362
    Trading account gains and fees $0
    Additional Noninterest Income $568
    Pre-tax net operating income $2,815
    Securities gains (or losses, -) $90
    Income before extraordinary items $1,857
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,857
    Minority interest net income $0
    Net income $1,857
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,785

    Roxboro Savings Bank Ssb's gross interest income from loans was $7,948,000.
    Roxboro Savings Bank Ssb's net interest income from loans was $6,508,000.
    Roxboro Savings Bank Ssb's fee based income from loans was $362,000.
    Roxboro Savings Bank Ssb's net income from loans was $1,857,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,440
    Provision for credit losses $-97
    Total noninterest expense $4,720
    Salaries and employee benefits $2,632
    Premises and equipment expense $360
    Additional noninterest expense $1,728
    Applicable income taxes $1,048
    Net charge-offs $6
    Cash dividends $0

    Roxboro Savings Bank Ssb's interest expense for loans was $1,440,000.
    Roxboro Savings Bank Ssb's payroll and benefits expense were $2,632,000.
    Roxboro Savings Bank Ssb's property, plant and equipment expenses $360,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    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 $169,016
    Deposits held in domestic offices $169,016
    Deposits by Individuals, partnerships, and corporations $169,016
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $35,052
    Demand deposits $18,664
    Nontransaction accounts $133,964
    Money market deposit accounts (MMDAs) $33,954
    Other savings deposits (excluding MMDAs) $18,036
    Total time deposits $81,974
    Total time and savings deposits $150,352
    Noninterest-bearing deposits $18,664
    Interest-bearing deposits $150,352
    Retail deposits $152,167
    IRAs and Keogh plan accounts $19,924
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $223,533
    Cash & Balances due from depository institutions $6,024
    Interest-bearing balances $3,808
    Total securities $89,886
    Federal funds sold & reverse repurchase $1,323
    Net loans and leases $111,958
    Loan and leases loss allowance $1,077
    Trading account assets $0
    Bank premises and fixed assets $1,381
    Other real estate owned $0
    Goodwill and other intangibles $311
    All other assets $12,650

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $223,533
    Total Liabilities $179,827
    Total deposits $169,016
    Interest-bearing deposits $150,352
    Deposits held in domestic offices $169,016
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $8,300
    Subordinated debt $0
    All other liabilities $2,511

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $111,958
    Loan and leases loss allowance $1,077
    Total loans and leases (domestic) $113,035
    All real estate loans $110,674
    Real estate loans in domestic offices $110,674
    Construction and development loans $7,932
    Residential 1-4 family construction $5,336
    Other construction, all land development and other land $2,596
    Loans secured by nonfarm nonresidential properties $31,334
    Nonfarm nonresidential secured by owner-occupied properties $7,571
    Commercial real estate & other non-farm, non-residential $23,763
    Multifamily residential real estate $2,836
    1-4 family residential loans $67,751
    Farmland loans $821
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $1,565
    To non-U.S. addressees $0
    Loans to individuals $1,090
    Credit card loans $0
    Related Plans $46
    Consumer Auto Loans $293
    Other loans to individuals $751
    All other loans & leases $8
    Loans to foreign governments and official institutions $0
    Other loans $8
    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 $1,938
    Non 1-4 family restructured loans & leases $540
    Total loans and leases (foreign) $0

    Roxboro Savings Bank SSB had $111,958,000 of loans outstanding in 2018. $110,674,000 of loans were in real estate loans. $7,932,000 of loans were in development loans. $2,836,000 of loans were in multifamily mortgage loans. $67,751,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $293,000 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 179 $27,815 $155,391
    Nonfarm, nonresidential loans - <$100k 66 $3,097 $46,924
    Nonfarm, nonresidential loans - $100-250k 63 $7,800 $123,810
    Nonfarm, nonresidential loans - $250k-1MM 50 $16,918 $338,360
    Commercial & Industrial, US addressed loans - <$1MM 52 $1,565 $30,096
    Commercial & Industrial, US addressed loans - <$100k 44 $958 $21,773
    Commercial & Industrial, US addressed loans - $100-250k 5 $322 $64,400
    Commercial & Industrial, US addressed loans - $250k-1MM 3 $285 $95,000
    Farmland loans - <$1MM 2 $146 $73,000
    Farmland loans - <$100k 1 $36 $36,000
    Farmland loans - $250k-1MM 1 $110 $110,000