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

Jump to:

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 Cash Out Refi, Home Purchase, and Refi loans. Roxboro Savings Bank Ssb has a high proportion of conventional loans. Their top markets by origination volume include: Durham, Burlington, Raleigh, Morehead City, and Myrtle Beach among others. We have data for 8 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    116

    Origination Dollar Volume (All Markets)

    $24,760,000

    Employee count

    31

    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) 99 $21,555,000 $217,727 $0 0.00%
    Outside of Metro Areas 7 $1,265,000 $180,714 $0 0.00%
    BURLINGTON, NC (FHA|USDA|VA) 4 $660,000 $165,000 $0 0.00%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
    Morehead City, NC (FHA|USDA|VA) 2 $360,000 $180,000 $0 0.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    Henderson, NC (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Roxboro Savings Bank Ssb's top markets include Durham, Burlington, Raleigh, Morehead City, and Myrtle Beach among others.

    Their top states include:
  • North 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.

    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 696
    American National Bank and Trust Company
    Similarity Rank: 1980
    FIRST EQUITY MORTGAGE INCORPORATED
    Similarity Rank: 1989
    DUKE UNIVERSITY FEDERAL CREDIT UNION
    Similarity Rank: 2241
    CAPITAL CENTER, L.L.C.
    Similarity Rank: 2640
    M/I FINANCIAL, LLC
    Similarity Rank: 3718
    North State Bank
    Similarity Rank: 3774
    American Security Mortgage Corp.
    Similarity Rank: 3870
    Corporate Investors Mortgage Group, Inc.
    Similarity Rank: 4181
    Allen Tate Mortgage Partners, LLC
    Similarity Rank: 4290

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 116 $24,760,000 $213,448 $0 0.00%

    For 2021, Roxboro Savings Bank Ssb's most frequently originated type of loan was Conventional, with 116 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 48 $9,920,000 $206,667 $0 0.00%
    Home Purchase 37 $7,475,000 $202,027 $0 0.00%
    Refi 31 $7,365,000 $237,581 $0 0.00%

    For 2021, Roxboro Savings Bank Ssb's most frequently cited loan purpose was Cash Out Refi, with 48 originations. The 2nd most popular reason was Home Purchase, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 116 $24,760,000 $213,448 $0 0.00%

    For 2021, Roxboro Savings Bank Ssb's most frequently cited loan duration was Other, with 116 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 50 $7,560,000 $151,200 $0 0.00%
    $200k-400k 38 $9,470,000 $249,211 $0 0.00%
    $100,000 or less 16 $1,170,000 $73,125 $0 0.00%
    $400k-600k 11 $5,475,000 $497,727 $0 0.00%
    $1MM+ 1 $1,085,000 $1,085,000 $0 0.00%

    2021 saw Roxboro Savings Bank Ssb place emphasis on $100k-200k loans with 50 originations, totaling $7,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 29 $5,505,000 $189,828 $0 0.00%
    $75k-100k 21 $4,535,000 $215,952 $0 0.00%
    $50k or less 20 $2,350,000 $117,500 $0 0.00%
    $50k-75k 19 $2,985,000 $157,105 $0 0.00%
    $150k-250k 14 $5,090,000 $363,571 $0 0.00%
    $250k+ 8 $3,600,000 $450,000 $0 0.00%

    Roxboro Savings Bank Ssb lent most frequently to those with incomes in the $100k-150k range, with 29 originations. The second most popular income band? $75k-100k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 116 $24,760,000 $213,448 $0 0.00%

    Roxboro Savings Bank Ssb lent most frequently to those with DTI ratios of Exempt%, with 116 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 110 $23,270,000 $211,545 $0 0.00%
    Asian 1 $545,000 $545,000 $0 0.00%
    Not provided 1 $465,000 $465,000 $0 0.00%
    Not applicable 3 $365,000 $121,667 $0 0.00%
    Black 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.63%

    Roxboro Savings Bank Ssb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.45%

    Roxboro Savings Bank Ssb has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 116 $24,760,000 $213,448

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    116 $24,760,000 $213,448

    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 $174,327
    Roxboro Savings Bank, SSB 5420 Durham Road Roxboro, NC 27573 Full Service B&M $49,534

    For 2021, Roxboro Savings Bank Ssb had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,455
    Net interest income $6,470
    Total noninterest income $1,893
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $423
    Trading account gains and fees $0
    Additional Noninterest Income $1,470
    Pre-tax net operating income $3,104
    Securities gains (or losses, -) $241
    Income before extraordinary items $2,813
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,813
    Minority interest net income $0
    Net income $2,813
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,610

    Roxboro Savings Bank Ssb's gross interest income from loans was $7,455,000.
    Roxboro Savings Bank Ssb's net interest income from loans was $6,470,000.
    Roxboro Savings Bank Ssb's fee based income from loans was $423,000.
    Roxboro Savings Bank Ssb's net income from loans was $2,813,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $985
    Provision for credit losses $-40
    Total noninterest expense $5,299
    Salaries and employee benefits $2,939
    Premises and equipment expense $437
    Additional noninterest expense $1,923
    Applicable income taxes $532
    Net charge-offs $20
    Cash dividends $0

    Roxboro Savings Bank Ssb's interest expense for loans was $985,000.
    Roxboro Savings Bank Ssb's payroll and benefits expense were $2,939,000.
    Roxboro Savings Bank Ssb's property, plant and equipment expenses $437,000.

    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 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 $226,469
    Deposits held in domestic offices $226,469
    Deposits by Individuals, partnerships, and corporations $226,469
    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 $63,100
    Demand deposits $30,801
    Nontransaction accounts $163,369
    Money market deposit accounts (MMDAs) $53,701
    Other savings deposits (excluding MMDAs) $30,039
    Total time deposits $79,629
    Total time and savings deposits $195,668
    Noninterest-bearing deposits $30,387
    Interest-bearing deposits $196,082
    Retail deposits $208,632
    IRAs and Keogh plan accounts $21,594
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $288,059
    Cash & Balances due from depository institutions $19,082
    Interest-bearing balances $17,835
    Total securities $144,344
    Federal funds sold & reverse repurchase $0
    Net loans and leases $108,770
    Loan and leases loss allowance $1,453
    Trading account assets $0
    Bank premises and fixed assets $1,494
    Other real estate owned $0
    Goodwill and other intangibles $452
    All other assets $13,917

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $288,059
    Total Liabilities $233,601
    Total deposits $226,469
    Interest-bearing deposits $196,082
    Deposits held in domestic offices $226,469
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $3,200
    Subordinated debt $0
    All other liabilities $3,932

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $108,770
    Loan and leases loss allowance $1,453
    Total loans and leases (domestic) $110,223
    All real estate loans $107,458
    Real estate loans in domestic offices $107,458
    Construction and development loans $10,769
    Residential 1-4 family construction $8,401
    Other construction, all land development and other land $2,368
    Loans secured by nonfarm nonresidential properties $22,176
    Nonfarm nonresidential secured by owner-occupied properties $16,139
    Commercial real estate & other non-farm, non-residential $6,037
    Multifamily residential real estate $8,323
    1-4 family residential loans $65,240
    Farmland loans $950
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $2,596
    To non-U.S. addressees $0
    Loans to individuals $518
    Credit card loans $0
    Related Plans $27
    Consumer Auto Loans $55
    Other loans to individuals $436
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $1,520
    Non 1-4 family restructured loans & leases $203
    Total loans and leases (foreign) $0

    Roxboro Savings Bank SSB had $108,770,000 of loans outstanding in 2021. $107,458,000 of loans were in real estate loans. $10,769,000 of loans were in development loans. $8,323,000 of loans were in multifamily mortgage loans. $65,240,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $55,000 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 121 $16,684 $137,884
    Nonfarm, nonresidential loans - <$100k 44 $1,558 $35,409
    Nonfarm, nonresidential loans - $100-250k 49 $6,509 $132,837
    Nonfarm, nonresidential loans - $250k-1MM 28 $8,617 $307,750
    Commercial & Industrial, US addressed loans - <$1MM 29 $1,842 $63,517
    Commercial & Industrial, US addressed loans - <$100k 21 $563 $26,810
    Commercial & Industrial, US addressed loans - $100-250k 7 $936 $133,714
    Commercial & Industrial, US addressed loans - $250k-1MM 1 $343 $343,000
    Farmland loans - <$1MM 5 $603 $120,600
    Farmland loans - <$100k 2 $74 $37,000
    Farmland loans - $100-250k 1 $168 $168,000
    Farmland loans - $250k-1MM 2 $361 $180,500