Roxboro Savings Bank Ssb Mortgage Rates, Fees & Info

Roxboro, NC

LEI: 254900YFG40I5QM6EX80

Tax ID: 56-0384190

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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, Morehead City, Burlington, and Greensboro among others. We have data for 5 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.

    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)

    $22,020,000

    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) 95 $18,945,000 $199,421 $0 0.00%
    Outside of Metro Areas 10 $2,510,000 $251,000 $0 0.00%
    Morehead City, NC (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    BURLINGTON, NC (FHA|USDA|VA) 3 $185,000 $61,667 $0 0.00%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    Roxboro Savings Bank Ssb's top markets include Durham, Morehead City, Burlington, and Greensboro among others.

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

    DUKE UNIVERSITY FEDERAL CREDIT UNION
    Similarity Rank: 519
    RAPID MORTGAGE COMPANY
    Similarity Rank: 1032
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 1044
    Allen Tate Mortgage Partners, LLC
    Similarity Rank: 1431
    FIRST EQUITY MORTGAGE INCORPORATED
    Similarity Rank: 1952
    PULTE MORTGAGE LLC
    Similarity Rank: 2520
    VELOCIO MORTGAGE L.L.C.
    Similarity Rank: 2550
    BETTER MORTGAGE CORPORATION
    Similarity Rank: 2712
    M/I FINANCIAL, LLC
    Similarity Rank: 2736
    Corporate Investors Mortgage Group, Inc.
    Similarity Rank: 2800

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 110 $22,020,000 $200,182 $0 0.00%

    For 2019, 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 69 $14,575,000 $211,232 $0 0.00%
    Refi 40 $7,290,000 $182,250 $0 0.00%
    Home Improvement 1 $155,000 $155,000 $0 0.00%

    For 2019, Roxboro Savings Bank Ssb's most frequently cited loan purpose was Home Purchase, with 69 originations. The 2nd most popular reason was Refi, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 110 $22,020,000 $200,182 $0 0.00%

    For 2019, Roxboro Savings Bank Ssb's most frequently cited loan duration was Other, with 110 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 39 $5,775,000 $148,077 $0 0.00%
    $100,000 or less 30 $2,210,000 $73,667 $0 0.00%
    $200k-400k 28 $7,570,000 $270,357 $0 0.00%
    $400k-600k 11 $5,075,000 $461,364 $0 0.00%
    $600k-1MM 2 $1,390,000 $695,000 $0 0.00%

    2019 saw Roxboro Savings Bank Ssb place emphasis on $100k-200k loans with 39 originations, totaling $5,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 25 $4,585,000 $183,400 $0 0.00%
    $100k-150k 22 $5,780,000 $262,727 $0 0.00%
    $50k-75k 19 $2,975,000 $156,579 $0 0.00%
    $50k or less 17 $1,665,000 $97,941 $0 0.00%
    $150k-250k 14 $4,200,000 $300,000 $0 0.00%
    $250k+ 4 $1,500,000 $375,000 $0 0.00%

    Roxboro Savings Bank Ssb lent most frequently to those with incomes in the $75k-100k range, with 25 originations. The second most popular income band? $100k-150k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 110 $22,020,000 $200,182 $0 0.00%

    Roxboro Savings Bank Ssb lent most frequently to those with DTI ratios of Exempt%, with 110 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 93 $18,945,000 $203,710 $0 0.00%
    Not applicable 7 $1,085,000 $155,000 $0 0.00%
    Black 6 $880,000 $146,667 $0 0.00%
    Not provided 3 $585,000 $195,000 $0 0.00%
    Other Pacific Islander 1 $525,000 $525,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.32%

    Roxboro Savings Bank Ssb has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.18%

    Roxboro Savings Bank Ssb has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 110 $22,020,000 $200,182

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $485,000 $485,000
    Single Family (1-4 Units):Manufactured 11 $1,065,000 $96,818
    Single Family (1-4 Units):Site-Built 98 $20,470,000 $208,878

    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 $136,766
    Roxboro Savings Bank, SSB 5420 Durham Road Roxboro, NC 27573 Full Service B&M $33,492

    For 2019, Roxboro Savings Bank Ssb had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,574
    Net interest income $6,861
    Total noninterest income $1,039
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $379
    Trading account gains and fees $0
    Additional Noninterest Income $660
    Pre-tax net operating income $2,768
    Securities gains (or losses, -) $203
    Income before extraordinary items $2,480
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,480
    Minority interest net income $0
    Net income $2,480
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,311

    Roxboro Savings Bank Ssb's gross interest income from loans was $8,574,000.
    Roxboro Savings Bank Ssb's net interest income from loans was $6,861,000.
    Roxboro Savings Bank Ssb's fee based income from loans was $379,000.
    Roxboro Savings Bank Ssb's net income from loans was $2,480,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,713
    Provision for credit losses $221
    Total noninterest expense $4,911
    Salaries and employee benefits $2,723
    Premises and equipment expense $398
    Additional noninterest expense $1,790
    Applicable income taxes $491
    Net charge-offs $0
    Cash dividends $0

    Roxboro Savings Bank Ssb's interest expense for loans was $1,713,000.
    Roxboro Savings Bank Ssb's payroll and benefits expense were $2,723,000.
    Roxboro Savings Bank Ssb's property, plant and equipment expenses $398,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $170,936
    Deposits held in domestic offices $170,936
    Deposits by Individuals, partnerships, and corporations $170,935
    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 $35,930
    Demand deposits $19,291
    Nontransaction accounts $135,005
    Money market deposit accounts (MMDAs) $34,189
    Other savings deposits (excluding MMDAs) $18,007
    Total time deposits $82,810
    Total time and savings deposits $151,644
    Noninterest-bearing deposits $19,291
    Interest-bearing deposits $151,645
    Retail deposits $153,967
    IRAs and Keogh plan accounts $19,434
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $225,877
    Cash & Balances due from depository institutions $5,433
    Interest-bearing balances $3,270
    Total securities $85,217
    Federal funds sold & reverse repurchase $1,530
    Net loans and leases $119,722
    Loan and leases loss allowance $1,299
    Trading account assets $0
    Bank premises and fixed assets $1,383
    Other real estate owned $0
    Goodwill and other intangibles $269
    All other assets $12,323

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $225,877
    Total Liabilities $178,282
    Total deposits $170,936
    Interest-bearing deposits $151,645
    Deposits held in domestic offices $170,936
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $4,200
    Subordinated debt $0
    All other liabilities $3,146

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $119,722
    Loan and leases loss allowance $1,299
    Total loans and leases (domestic) $121,021
    All real estate loans $118,999
    Real estate loans in domestic offices $118,999
    Construction and development loans $7,166
    Residential 1-4 family construction $5,999
    Other construction, all land development and other land $1,167
    Loans secured by nonfarm nonresidential properties $32,999
    Nonfarm nonresidential secured by owner-occupied properties $6,904
    Commercial real estate & other non-farm, non-residential $26,095
    Multifamily residential real estate $3,210
    1-4 family residential loans $74,837
    Farmland loans $787
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $1,412
    To non-U.S. addressees $0
    Loans to individuals $933
    Credit card loans $0
    Related Plans $41
    Consumer Auto Loans $219
    Other loans to individuals $673
    All other loans & leases $10
    Loans to foreign governments and official institutions $0
    Other loans $10
    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 $1,935
    Non 1-4 family restructured loans & leases $559
    Total loans and leases (foreign) $0

    Roxboro Savings Bank SSB had $119,722,000 of loans outstanding in 2019. $118,999,000 of loans were in real estate loans. $7,166,000 of loans were in development loans. $3,210,000 of loans were in multifamily mortgage loans. $74,837,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $219,000 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 195 $27,869 $142,918
    Nonfarm, nonresidential loans - <$100k 74 $3,436 $46,432
    Nonfarm, nonresidential loans - $100-250k 64 $7,360 $115,000
    Nonfarm, nonresidential loans - $250k-1MM 57 $17,073 $299,526
    Commercial & Industrial, US addressed loans - <$1MM 51 $1,412 $27,686
    Commercial & Industrial, US addressed loans - <$100k 45 $848 $18,844
    Commercial & Industrial, US addressed loans - $100-250k 5 $497 $99,400
    Commercial & Industrial, US addressed loans - $250k-1MM 1 $67 $67,000
    Farmland loans - <$1MM 2 $137 $68,500
    Farmland loans - <$100k 1 $31 $31,000
    Farmland loans - $250k-1MM 1 $106 $106,000