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 Home Purchase and Refi loans. New Republic Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Burlington, Rocky Mount, Greensboro, Raleigh, and Durham among others. We have data for 7 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 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

    50

    Origination Dollar Volume (All Markets)

    $6,110,000

    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
    BURLINGTON, NC (FHA|USDA|VA) 21 $2,775,000 $132,143 $0 6.24%
    ROCKY MOUNT, NC (FHA|USDA|VA) 8 $1,040,000 $130,000 $0 6.11%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 5 $775,000 $155,000 $0 6.30%
    RALEIGH-CARY, NC (FHA|USDA|VA) 3 $665,000 $221,667 $0 6.00%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 5 $525,000 $105,000 $0 5.82%
    Roanoke Rapids, NC (FHA|USDA|VA) 7 $275,000 $39,286 $0 6.05%
    Sanford, NC (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.50%
    New Republic Savings Bank's top markets include Burlington, Rocky Mount, Greensboro, Raleigh, and Durham 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 50 $6,110,000 $122,200 $0 6.15%

    For 2019, New Republic Savings Bank's most frequently originated type of loan was Conventional, with 50 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 27 $2,575,000 $95,370 $0 6.19%
    Refi 22 $3,450,000 $156,818 $0 6.09%
    Home Improvement 1 $85,000 $85,000 $0 6.25%

    For 2019, New Republic Savings Bank's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Refi, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    3 Year 36 $4,520,000 $125,556 $0 6.28%
    5 Year 9 $1,165,000 $129,444 $0 5.79%
    Other 3 $315,000 $105,000 $0 5.92%
    10 Year 1 $45,000 $45,000 $0 5.25%
    20 Year 1 $65,000 $65,000 $0 6.25%

    For 2019, New Republic Savings Bank's most frequently cited loan duration was 3 Year, with 36 originations. The 2nd most popular length was 5 Year, with 9 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 32 $3,230,000 $100,938
    5-6% 17 $2,685,000 $157,941
    4-5% 1 $195,000 $195,000

    During 2019, New Republic Savings Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 32 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 26 $1,560,000 $60,000 $0 6.19%
    $100k-200k 16 $2,140,000 $133,750 $0 6.19%
    $200k-400k 7 $1,925,000 $275,000 $0 6.02%
    $400k-600k 1 $485,000 $485,000 $0 5.50%

    2019 saw New Republic Savings Bank place emphasis on $100,000 or less loans with 26 originations, totaling $1,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 7 $475,000 $67,857 $0 6.14%
    $150k-250k 6 $600,000 $100,000 $0 6.15%
    $250k+ 6 $620,000 $103,333 $0 5.96%
    $50k-75k 3 $225,000 $75,000 $0 6.50%
    $50k or less 3 $265,000 $88,333 $0 6.58%
    $75k-100k 1 $45,000 $45,000 $0 6.50%

    New Republic Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $150k-250k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 10 $760,000 $76,000 $0 6.14%
    20-30% 8 $690,000 $86,250 $0 6.22%
    30-36% 6 $640,000 $106,667 $0 6.13%
    36% 1 $85,000 $85,000 $0 7.00%
    45% 1 $55,000 $55,000 $0 6.50%

    New Republic Savings Bank lent most frequently to those with DTI ratios of <20%, with 10 originations. The next most common DTI ratio? 20-30%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 24 $3,880,000 $161,667 $0 6.09%
    White 23 $2,065,000 $89,783 $0 6.22%
    American Indian 2 $150,000 $75,000 $0 6.00%
    Black 1 $15,000 $15,000 $0 6.25%

    Approval Rates

    Total approvals of all applications
    93.65%

    New Republic Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.00%

    New Republic Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 50 $6,110,000 $122,200

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $2,045,000 $292,143
    Single Family (1-4 Units):Manufactured 1 $105,000 $105,000
    Single Family (1-4 Units):Site-Built 42 $3,960,000 $94,286

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 5 $815,000 $163,000 $0 6.20%
    60-80% 30 $3,690,000 $123,000 $0 6.15%
    80-100% 14 $1,540,000 $110,000 $0 6.13%

    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 $1,236
    New Republic Savings Bank 3321 Sunset Ave Rocky Mount, NC 27804 Full Service B&M $17,322
    New Republic Savings Bank 420 Becker Drive Roanoke Rapids, NC 27870 Full Service B&M $30,777

    For 2019, New Republic Savings Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,456
    Net interest income $2,294
    Total noninterest income $152
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $21
    Trading account gains and fees $0
    Additional Noninterest Income $131
    Pre-tax net operating income $-45
    Securities gains (or losses, -) $0
    Income before extraordinary items $-15
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $-15
    Minority interest net income $0
    Net income $-15
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $-15

    New Republic Savings Bank's gross interest income from loans was $3,456,000.
    New Republic Savings Bank's net interest income from loans was $2,294,000.
    New Republic Savings Bank's fee based income from loans was $21,000.
    New Republic Savings Bank's net income from loans was $-15,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,162
    Provision for credit losses $2
    Total noninterest expense $2,489
    Salaries and employee benefits $1,455
    Premises and equipment expense $179
    Additional noninterest expense $855
    Applicable income taxes $-30
    Net charge-offs $11
    Cash dividends $0

    New Republic Savings Bank's interest expense for loans was $1,162,000.
    New Republic Savings Bank's payroll and benefits expense were $1,455,000.
    New Republic Savings Bank's property, plant and equipment expenses $179,000.

    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 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 $49,470
    Deposits held in domestic offices $49,470
    Deposits by Individuals, partnerships, and corporations $49,470
    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 $3,510
    Demand deposits $3,510
    Nontransaction accounts $45,960
    Money market deposit accounts (MMDAs) $2,429
    Other savings deposits (excluding MMDAs) $980
    Total time deposits $42,550
    Total time and savings deposits $45,960
    Noninterest-bearing deposits $1,418
    Interest-bearing deposits $48,052
    Retail deposits $39,958
    IRAs and Keogh plan accounts $1,613
    Brokered deposits $2,245
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $64,414
    Cash & Balances due from depository institutions $836
    Interest-bearing balances $512
    Total securities $0
    Federal funds sold & reverse repurchase $3,076
    Net loans and leases $55,535
    Loan and leases loss allowance $561
    Trading account assets $0
    Bank premises and fixed assets $2,161
    Other real estate owned $305
    Goodwill and other intangibles $0
    All other assets $2,501

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $64,413
    Total Liabilities $57,803
    Total deposits $49,470
    Interest-bearing deposits $48,052
    Deposits held in domestic offices $49,470
    % insured (estimated) $93
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $8,300
    Subordinated debt $0
    All other liabilities $33

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $55,535
    Loan and leases loss allowance $561
    Total loans and leases (domestic) $56,096
    All real estate loans $53,212
    Real estate loans in domestic offices $53,212
    Construction and development loans $4,439
    Residential 1-4 family construction $1,538
    Other construction, all land development and other land $2,901
    Loans secured by nonfarm nonresidential properties $8,881
    Nonfarm nonresidential secured by owner-occupied properties $4,566
    Commercial real estate & other non-farm, non-residential $4,315
    Multifamily residential real estate $5,426
    1-4 family residential loans $33,483
    Farmland loans $983
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $2,555
    To non-U.S. addressees $0
    Loans to individuals $325
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $89
    Other loans to individuals $236
    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 $56
    Non 1-4 family restructured loans & leases $56
    Total loans and leases (foreign) $0

    New Republic Savings Bank had $55,535,000 of loans outstanding in 2019. $53,212,000 of loans were in real estate loans. $4,439,000 of loans were in development loans. $5,426,000 of loans were in multifamily mortgage loans. $33,483,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $89,000 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 51 $8,259 $161,941
    Nonfarm, nonresidential loans - <$100k 12 $543 $45,250
    Nonfarm, nonresidential loans - $100-250k 28 $3,818 $136,357
    Nonfarm, nonresidential loans - $250k-1MM 11 $3,898 $354,364
    Commercial & Industrial, US addressed loans - <$1MM 49 $2,555 $52,143
    Commercial & Industrial, US addressed loans - <$100k 38 $896 $23,579
    Commercial & Industrial, US addressed loans - $100-250k 7 $846 $120,857
    Commercial & Industrial, US addressed loans - $250k-1MM 4 $813 $203,250
    Farmland loans - <$1MM 8 $983 $122,875
    Farmland loans - <$100k 2 $105 $52,500
    Farmland loans - $100-250k 5 $707 $141,400
    Farmland loans - $250k-1MM 1 $171 $171,000