New Republic Savings Bank Mortgage Rates, Fees & Info

Roanoke Rapids, NC

LEI: 5493000FLJMMXYXYKI25

Tax ID: 56-2105187

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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

    New Republic Savings Bank is a smaller bank specializing in Refi and Home Purchase loans. New Republic Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Raleigh, Burlington, Durham, Rocky Mount, and Greensboro among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    New Republic Savings Bank has an above average approval rate when compared to the average across all lenders. They have an above 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

    78

    Origination Dollar Volume (All Markets)

    $9,980,000

    Employee count

    15

    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
    RALEIGH-CARY, NC (FHA|USDA|VA) 12 $2,840,000 $236,667 $0 5.66%
    BURLINGTON, NC (FHA|USDA|VA) 24 $2,330,000 $97,083 $0 5.78%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 10 $1,070,000 $107,000 $0 6.04%
    ROCKY MOUNT, NC (FHA|USDA|VA) 8 $950,000 $118,750 $0 6.19%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 4 $750,000 $187,500 $0 5.96%
    WILMINGTON, NC (FHA|USDA|VA) 2 $460,000 $230,000 $0 5.75%
    Roanoke Rapids, NC (FHA|USDA|VA) 10 $410,000 $41,000 $0 6.23%
    GREENVILLE, NC (FHA|USDA|VA) 2 $390,000 $195,000 $0 5.80%
    FAYETTEVILLE, NC (FHA|USDA|VA) 2 $260,000 $130,000 $0 5.75%
    WINSTON-SALEM, NC (FHA|USDA|VA) 2 $210,000 $105,000 $0 6.00%
    Sanford, NC (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.50%
    Wilson, NC (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.50%
    New Republic Savings Bank's top markets include Raleigh, Burlington, Durham, Rocky Mount, and Greensboro among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 67 $7,765,000 $115,896 $0 5.92%
    HELOC 11 $2,215,000 $201,364 n/a 5.86%

    For 2018, New Republic Savings Bank's most frequently originated type of loan was Conventional, with 67 originations. Their 2nd most popular type was HELOC, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 45 $5,275,000 $117,222 $0 5.93%
    Home Purchase 30 $3,750,000 $125,000 $0 5.90%
    Home Improvement 3 $955,000 $318,333 $0 5.83%

    For 2018, New Republic Savings Bank's most frequently cited loan purpose was Refi, with 45 originations. The 2nd most popular reason was Home Purchase, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    3 Year 45 $4,555,000 $101,222 $0 6.08%
    5 Year 16 $2,400,000 $150,000 $0 5.45%
    Other 6 $600,000 $100,000 $0 5.96%
    1 Year 5 $1,465,000 $293,000 $0 5.70%
    20 Year 4 $700,000 $175,000 $0 6.06%
    15 Year 2 $260,000 $130,000 $0 6.00%

    For 2018, New Republic Savings Bank's most frequently cited loan duration was 3 Year, with 45 originations. The 2nd most popular length was 5 Year, with 16 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 41 $5,655,000 $137,927
    6-7% 32 $3,020,000 $94,375
    4-5% 5 $1,305,000 $261,000

    During 2018, New Republic Savings Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 41 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 35 $1,785,000 $51,000 $0 6.03%
    $100k-200k 31 $4,115,000 $132,742 $0 5.86%
    $200k-400k 10 $2,830,000 $283,000 $0 5.75%
    $600k-1MM 2 $1,250,000 $625,000 $0 5.48%

    2018 saw New Republic Savings Bank place emphasis on $100,000 or less loans with 35 originations, totaling $1,785,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 9 $495,000 $55,000 $0 5.86%
    $150k-250k 9 $695,000 $77,222 $0 6.25%
    $75k-100k 8 $660,000 $82,500 $0 5.97%
    $250k+ 5 $415,000 $83,000 $0 6.00%
    $50k or less 4 $600,000 $150,000 $0 6.00%
    $50k-75k 2 $150,000 $75,000 $0 5.88%

    New Republic Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $150k-250k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 1 $45,000 $45,000 $0 7.00%

    New Republic Savings Bank lent most frequently to those with DTI ratios of <20%, with 1 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 41 $6,965,000 $169,878 $0 5.82%
    White 33 $2,865,000 $86,818 $0 5.98%
    Black 4 $150,000 $37,500 $0 6.31%

    Approval Rates

    Total approvals of all applications
    98.77%

    New Republic Savings Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    97.44%

    New Republic Savings Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 78 $9,980,000 $127,949

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $1,440,000 $240,000
    Single Family (1-4 Units):Manufactured 4 $180,000 $45,000
    Single Family (1-4 Units):Site-Built 68 $8,360,000 $122,941

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 4 $300,000 $75,000 $0 6.20%
    60-80% 34 $4,620,000 $135,882 $0 6.07%
    80-100% 16 $1,480,000 $92,500 $0 5.91%
    Under 20% 1 $65,000 $65,000 $0 6.25%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    New Republic Savings Bank 3041 South Church St. Burlington, NC 27215 Full Service B&M $205
    New Republic Savings Bank 3321 Sunset Ave Rocky Mount, NC 27804 Full Service B&M $14,929
    New Republic Savings Bank 420 Becker Drive Roanoke Rapids, NC 27870 Full Service B&M $35,679

    For 2018, New Republic Savings Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,325
    Net interest income $2,365
    Total noninterest income $18
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $19
    Trading account gains and fees $0
    Additional Noninterest Income $-1
    Pre-tax net operating income $59
    Securities gains (or losses, -) $0
    Income before extraordinary items $59
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $59
    Minority interest net income $0
    Net income $59
    Sale, conversion, retirement of capital stock, net $-8
    Net operating income $59

    New Republic Savings Bank's gross interest income from loans was $3,325,000.
    New Republic Savings Bank's net interest income from loans was $2,365,000.
    New Republic Savings Bank's fee based income from loans was $19,000.
    New Republic Savings Bank's net income from loans was $59,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $960
    Provision for credit losses $-17
    Total noninterest expense $2,341
    Salaries and employee benefits $1,398
    Premises and equipment expense $176
    Additional noninterest expense $767
    Applicable income taxes $0
    Net charge-offs $32
    Cash dividends $0

    New Republic Savings Bank's interest expense for loans was $960,000.
    New Republic Savings Bank's payroll and benefits expense were $1,398,000.
    New Republic Savings Bank's property, plant and equipment expenses $176,000.

    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 1.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 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 $49,744
    Deposits held in domestic offices $49,744
    Deposits by Individuals, partnerships, and corporations $49,744
    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 $2,355
    Demand deposits $2,355
    Nontransaction accounts $47,389
    Money market deposit accounts (MMDAs) $3,299
    Other savings deposits (excluding MMDAs) $512
    Total time deposits $43,578
    Total time and savings deposits $47,389
    Noninterest-bearing deposits $1,092
    Interest-bearing deposits $48,652
    Retail deposits $37,973
    IRAs and Keogh plan accounts $1,620
    Brokered deposits $2,245
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $65,222
    Cash & Balances due from depository institutions $841
    Interest-bearing balances $551
    Total securities $0
    Federal funds sold & reverse repurchase $4,080
    Net loans and leases $55,290
    Loan and leases loss allowance $570
    Trading account assets $0
    Bank premises and fixed assets $2,078
    Other real estate owned $486
    Goodwill and other intangibles $0
    All other assets $2,447

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $65,222
    Total Liabilities $58,597
    Total deposits $49,744
    Interest-bearing deposits $48,652
    Deposits held in domestic offices $49,744
    % insured (estimated) $93
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $8,800
    Subordinated debt $0
    All other liabilities $53

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $55,290
    Loan and leases loss allowance $570
    Total loans and leases (domestic) $55,860
    All real estate loans $53,273
    Real estate loans in domestic offices $53,273
    Construction and development loans $4,022
    Residential 1-4 family construction $1,534
    Other construction, all land development and other land $2,488
    Loans secured by nonfarm nonresidential properties $9,793
    Nonfarm nonresidential secured by owner-occupied properties $4,476
    Commercial real estate & other non-farm, non-residential $5,317
    Multifamily residential real estate $4,498
    1-4 family residential loans $34,137
    Farmland loans $823
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $2,245
    To non-U.S. addressees $0
    Loans to individuals $338
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $79
    Other loans to individuals $259
    All other loans & leases $4
    Loans to foreign governments and official institutions $0
    Other loans $4
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    New Republic Savings Bank had $55,290,000 of loans outstanding in 2018. $53,273,000 of loans were in real estate loans. $4,022,000 of loans were in development loans. $4,498,000 of loans were in multifamily mortgage loans. $34,137,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $79,000 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 53 $8,777 $165,604
    Nonfarm, nonresidential loans - <$100k 15 $765 $51,000
    Nonfarm, nonresidential loans - $100-250k 27 $3,737 $138,407
    Nonfarm, nonresidential loans - $250k-1MM 11 $4,275 $388,636
    Commercial & Industrial, US addressed loans - <$1MM 40 $2,244 $56,100
    Commercial & Industrial, US addressed loans - <$100k 29 $539 $18,586
    Commercial & Industrial, US addressed loans - $100-250k 7 $889 $127,000
    Commercial & Industrial, US addressed loans - $250k-1MM 4 $816 $204,000
    Farmland loans - <$1MM 6 $822 $137,000
    Farmland loans - <$100k 1 $31 $31,000
    Farmland loans - $100-250k 4 $608 $152,000
    Farmland loans - $250k-1MM 1 $183 $183,000