New Republic Savings Bank Mortgage Rates, Fees & Info

Roanoke Rapids, NC

LEI: 5493000FLJMMXYXYKI25

Tax ID: 56-2105187

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
  • 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: Burlington, Raleigh, Durham, Greensboro, and Rocky Mount among others. We have data for 13 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.

    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

    103

    Origination Dollar Volume (All Markets)

    $14,865,000

    Employee count

    22

    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) 50 $5,970,000 $119,400 $0 5.09%
    RALEIGH-CARY, NC (FHA|USDA|VA) 8 $1,930,000 $241,250 $0 4.78%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 9 $1,895,000 $210,556 $0 4.96%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 11 $1,585,000 $144,091 $0 5.44%
    ROCKY MOUNT, NC (FHA|USDA|VA) 11 $1,165,000 $105,909 $0 5.35%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $1,155,000 $385,000 $0 4.25%
    WINSTON-SALEM, NC (FHA|USDA|VA) 2 $300,000 $150,000 $0 5.08%
    FAYETTEVILLE, NC (FHA|USDA|VA) 1 $225,000 $225,000 $0 4.85%
    Roanoke Rapids, NC (FHA|USDA|VA) 3 $195,000 $65,000 $0 5.07%
    GREENVILLE, NC (FHA|USDA|VA) 1 $175,000 $175,000 $0 5.00%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $160,000 $80,000 $0 4.85%
    Outside of Metro Areas 1 $75,000 $75,000 $0 5.00%
    GOLDSBORO, NC (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.85%
    New Republic Savings Bank's top markets include Burlington, Raleigh, Durham, Greensboro, and Rocky Mount among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 103 $14,865,000 $144,320 $0 5.08%

    For 2020, New Republic Savings Bank's most frequently originated type of loan was Conventional, with 103 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 65 $10,865,000 $167,154 $0 4.99%
    Home Purchase 38 $4,000,000 $105,263 $0 5.25%

    For 2020, New Republic Savings Bank's most frequently cited loan purpose was Refi, with 65 originations. The 2nd most popular reason was Home Purchase, with 38 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 65 $9,715,000 $149,462 $0 5.04%
    Other 30 $4,290,000 $143,000 $0 5.09%
    3 Year 8 $860,000 $107,500 $0 5.43%

    For 2020, New Republic Savings Bank's most frequently cited loan duration was 5 Year, with 65 originations. The 2nd most popular length was Other, with 30 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 52 $4,990,000 $95,962
    4-5% 50 $9,590,000 $191,800
    3-4% 1 $285,000 $285,000

    During 2020, 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 52 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 49 $3,165,000 $64,592 $0 5.25%
    $100k-200k 35 $4,765,000 $136,143 $0 5.09%
    $200k-400k 14 $3,600,000 $257,143 $0 4.76%
    $600k-1MM 4 $2,870,000 $717,500 $0 4.43%
    $400k-600k 1 $465,000 $465,000 $0 4.25%

    2020 saw New Republic Savings Bank place emphasis on $100,000 or less loans with 49 originations, totaling $3,165,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 12 $1,760,000 $146,667 $0 4.95%
    $150k-250k 9 $905,000 $100,556 $0 5.23%
    $250k+ 4 $440,000 $110,000 $0 5.06%
    $50k-75k 4 $440,000 $110,000 $0 4.94%
    $50k or less 3 $295,000 $98,333 $0 5.57%
    $75k-100k 3 $365,000 $121,667 $0 5.17%

    New Republic Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 12 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% 22 $2,990,000 $135,909 $0 5.10%
    30-36% 7 $405,000 $57,857 $0 5.25%
    20-30% 6 $810,000 $135,000 $0 4.94%

    New Republic Savings Bank lent most frequently to those with DTI ratios of <20%, with 22 originations. The next most common DTI ratio? 30-36%, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 68 $10,660,000 $156,765 $0 5.07%
    White 31 $3,725,000 $120,161 $0 5.12%
    Asian 1 $345,000 $345,000 $0 4.15%
    Black 3 $135,000 $45,000 $0 5.25%

    Approval Rates

    Total approvals of all applications
    98.17%

    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
    96.12%

    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 103 $14,865,000 $144,320

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $3,020,000 $503,333
    Single Family (1-4 Units):Manufactured 2 $200,000 $100,000
    Single Family (1-4 Units):Site-Built 95 $11,645,000 $122,579

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $45,000 $45,000 $0 4.75%
    40-60% 10 $2,250,000 $225,000 $0 4.95%
    60-80% 56 $8,780,000 $156,786 $0 5.08%
    80-100% 35 $3,745,000 $107,000 $0 5.11%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    New Republic Savings Bank 166 Huffman Mill Road Burlington, NC 27215 Full Service B&M $5,807
    New Republic Savings Bank 3321 Sunset Ave Rocky Mount, NC 27804 Full Service B&M $16,769
    New Republic Savings Bank 420 Becker Drive Roanoke Rapids, NC 27870 Full Service B&M $32,709

    For 2020, New Republic Savings Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $424
    Net interest income $356
    Total noninterest income $17
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $4
    Trading account gains and fees $0
    Additional Noninterest Income $13
    Pre-tax net operating income $-166
    Securities gains (or losses, -) $0
    Income before extraordinary items $-296
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $-296
    Minority interest net income $0
    Net income $-296
    Sale, conversion, retirement of capital stock, net $3,800
    Net operating income $-296

    New Republic Savings Bank's gross interest income from loans was $424,000.
    New Republic Savings Bank's net interest income from loans was $356,000.
    New Republic Savings Bank's fee based income from loans was $4,000.
    New Republic Savings Bank's net income from loans was $-296,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $68
    Provision for credit losses $30
    Total noninterest expense $509
    Salaries and employee benefits $353
    Premises and equipment expense $9
    Additional noninterest expense $147
    Applicable income taxes $130
    Net charge-offs $0
    Cash dividends $0

    New Republic Savings Bank's interest expense for loans was $68,000.
    New Republic Savings Bank's payroll and benefits expense were $353,000.
    New Republic Savings Bank's property, plant and equipment expenses $9,000.

    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 $70,244
    Deposits held in domestic offices $70,244
    Deposits by Individuals, partnerships, and corporations $70,244
    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 $19,645
    Demand deposits $19,645
    Nontransaction accounts $50,599
    Money market deposit accounts (MMDAs) $9,499
    Other savings deposits (excluding MMDAs) $3,766
    Total time deposits $37,334
    Total time and savings deposits $50,599
    Noninterest-bearing deposits $16,349
    Interest-bearing deposits $53,895
    Retail deposits $67,286
    IRAs and Keogh plan accounts $1,204
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $92,000
    Cash & Balances due from depository institutions $958
    Interest-bearing balances $578
    Total securities $0
    Federal funds sold & reverse repurchase $15,746
    Net loans and leases $63,187
    Loan and leases loss allowance $30
    Trading account assets $0
    Bank premises and fixed assets $1,992
    Other real estate owned $133
    Goodwill and other intangibles $3,120
    All other assets $6,864

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $92,000
    Total Liabilities $78,990
    Total deposits $70,244
    Interest-bearing deposits $53,895
    Deposits held in domestic offices $70,244
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $8,348
    Subordinated debt $0
    All other liabilities $398

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $63,187
    Loan and leases loss allowance $30
    Total loans and leases (domestic) $63,217
    All real estate loans $60,364
    Real estate loans in domestic offices $60,364
    Construction and development loans $5,327
    Residential 1-4 family construction $1,543
    Other construction, all land development and other land $3,784
    Loans secured by nonfarm nonresidential properties $10,000
    Nonfarm nonresidential secured by owner-occupied properties $6,555
    Commercial real estate & other non-farm, non-residential $3,445
    Multifamily residential real estate $6,220
    1-4 family residential loans $37,633
    Farmland loans $1,184
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $2,644
    To non-U.S. addressees $0
    Loans to individuals $209
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $23
    Other loans to individuals $186
    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 $50
    Non 1-4 family restructured loans & leases $50
    Total loans and leases (foreign) $0

    New Republic Savings Bank had $63,187,000 of loans outstanding in 2020. $60,364,000 of loans were in real estate loans. $5,327,000 of loans were in development loans. $6,220,000 of loans were in multifamily mortgage loans. $37,633,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $23,000 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 50 $9,401 $188,020
    Nonfarm, nonresidential loans - <$100k 12 $627 $52,250
    Nonfarm, nonresidential loans - $100-250k 25 $3,592 $143,680
    Nonfarm, nonresidential loans - $250k-1MM 13 $5,182 $398,615
    Commercial & Industrial, US addressed loans - <$1MM 50 $2,637 $52,740
    Commercial & Industrial, US addressed loans - <$100k 41 $908 $22,146
    Commercial & Industrial, US addressed loans - $100-250k 7 $935 $133,571
    Commercial & Industrial, US addressed loans - $250k-1MM 2 $794 $397,000
    Farmland loans - <$1MM 11 $1,181 $107,364
    Farmland loans - <$100k 2 $28 $14,000
    Farmland loans - $100-250k 8 $996 $124,500
    Farmland loans - $250k-1MM 1 $157 $157,000