Exchange Bank Mortgage Rates, Fees & Info

Milledgeville, GA

LEI: 5493000I54FJ7EG6WZ24

Tax ID: 58-0237890

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Exchange Bank is a smaller bank specializing in Home Purchase and Refi loans. Exchange Bank has a high proportion of conventional loans. Their top markets by origination volume include: Milledgeville, Macon, Warner Robins, Brunswick, and Atlanta among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Exchange Bank 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.

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Originations

173

Origination Dollar Volume (All Markets)

$26,235,000

Employee count

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
Milledgeville, GA (FHA\|USDA\|VA)	95	$13,465,000	$141,737	$0	0.00%
Outside of Metro Areas	36	$6,960,000	$193,333	$0	0.00%
MACON-BIBB COUNTY, GA (FHA\|USDA\|VA)	32	$4,000,000	$125,000	$0	0.00%
WARNER ROBINS, GA (FHA\|USDA\|VA)	2	$620,000	$310,000	$0	0.00%
BRUNSWICK, GA (FHA\|USDA\|VA)	3	$435,000	$145,000	$0	0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	2	$320,000	$160,000	$0	0.00%
Dublin, GA (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	0.00%
SAVANNAH, GA (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	0.00%

Exchange Bank's top markets include Milledgeville, Macon, Warner Robins, Brunswick, and Atlanta among others.

Their top states include:

Georgia (FHA|USDA|VA)

Florida (FHA|USDA|VA)

North Carolina (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	173	$26,235,000	$151,647	$0	0.00%

For 2018, Exchange Bank's most frequently originated type of loan was Conventional, with 173 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	82	$14,750,000	$179,878	$0	0.00%
Refi	57	$8,415,000	$147,632	$0	0.00%
Cash Out Refi	18	$2,050,000	$113,889	$0	0.00%
Home Improvement	14	$780,000	$55,714	$0	0.00%
Other	2	$240,000	$120,000	$0	0.00%

For 2018, Exchange Bank's most frequently cited loan purpose was Home Purchase, with 82 originations. The 2nd most popular reason was Refi, with 57 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	173	$26,235,000	$151,647	$0	0.00%

For 2018, Exchange Bank's most frequently cited loan duration was Other, with 173 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	86	$4,620,000	$53,721	$0	0.00%
$100k-200k	47	$6,725,000	$143,085	$0	0.00%
$200k-400k	33	$8,945,000	$271,061	$0	0.00%
$400k-600k	4	$1,740,000	$435,000	$0	0.00%
$1MM+	2	$3,350,000	$1,675,000	$0	0.00%
$600k-1MM	1	$855,000	$855,000	$0	0.00%

2018 saw Exchange Bank place emphasis on $100,000 or less loans with 86 originations, totaling $4,620,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	40	$6,010,000	$150,250	$0	0.00%
$50k-75k	29	$2,435,000	$83,966	$0	0.00%
$50k or less	23	$1,715,000	$74,565	$0	0.00%
$75k-100k	21	$2,995,000	$142,619	$0	0.00%
$150k-250k	18	$3,030,000	$168,333	$0	0.00%
$250k+	12	$4,450,000	$370,833	$0	0.00%

Exchange Bank lent most frequently to those with incomes in the $100k-150k range, with 40 originations. The second most popular income band? $50k-75k, with 29 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	173	$26,235,000	$151,647	$0	0.00%

Exchange Bank lent most frequently to those with DTI ratios of Exempt%, with 173 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	143	$19,925,000	$139,336	$0	0.00%
Not applicable	16	$3,580,000	$223,750	$0	0.00%
Asian	3	$1,085,000	$361,667	$0	0.00%
Black	8	$770,000	$96,250	$0	0.00%
American Indian	2	$530,000	$265,000	$0	0.00%
Native Hawaiian or Islander	1	$345,000	$345,000	$0	0.00%

Approval Rates

Total approvals of all applications
82.80%

Exchange Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
80.35%

Exchange Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	173	$26,235,000	$151,647

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Manufactured	2	$370,000	$185,000
Multifamily:Site-Built	5	$2,715,000	$543,000
Single Family (1-4 Units):Manufactured	30	$2,070,000	$69,000
Single Family (1-4 Units):Site-Built	136	$21,080,000	$155,000

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Exchange Bank	2400 North Columbia Street Milledgeville, GA 31061	Full Service B&M	$38,341
Exchange Bank	250 West Hancock Street Milledgeville, GA 31061	Full Service B&M	$130,647
Exchange Bank	2801 North Columbia Street Milledgeville, GA 31061	Full Service B&M	$6,158
Exchange Bank	4306 Gray Hwy Gray, GA 31032	Full Service B&M	$26,308
Exchange Bank	6081 Lake Oconee Parkway Greensboro, GA 30642	Full Service B&M	$9,586

For 2018, Exchange Bank had 5 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$10,763
Net interest income	$9,758
Total noninterest income	$1,649
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$991
Trading account gains and fees	$0
Additional Noninterest Income	$658
Pre-tax net operating income	$3,627
Securities gains (or losses, -)	$-44
Income before extraordinary items	$2,828
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$2,828
Minority interest net income	$0
Net income	$2,828
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$2,862

Exchange Bank's gross interest income from loans was $10,763,000.
Exchange Bank's net interest income from loans was $9,758,000.
Exchange Bank's fee based income from loans was $991,000.
Exchange Bank's net income from loans was $2,828,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,005
Provision for credit losses	$1
Total noninterest expense	$7,779
Salaries and employee benefits	$4,567
Premises and equipment expense	$1,555
Additional noninterest expense	$1,657
Applicable income taxes	$755
Net charge-offs	$-19
Cash dividends	$850

Exchange Bank's interest expense for loans was $1,005,000.
Exchange Bank's payroll and benefits expense were $4,567,000.
Exchange Bank's property, plant and equipment expenses $1,555,000.

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	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	$210,335
Deposits held in domestic offices	$210,335
Deposits by Individuals, partnerships, and corporations	$194,878
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$15,407
Deposits by Commercial banks and other depository institutions in U.S.	$50
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$58,120
Demand deposits	$10,797
Nontransaction accounts	$152,215
Money market deposit accounts (MMDAs)	$0
Other savings deposits (excluding MMDAs)	$91,527
Total time deposits	$60,688
Total time and savings deposits	$199,538
Noninterest-bearing deposits	$10,797
Interest-bearing deposits	$199,538
Retail deposits	$205,336
IRAs and Keogh plan accounts	$9,071
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$249,390
Cash & Balances due from depository institutions	$18,426
Interest-bearing balances	$10,540
Total securities	$67,376
Federal funds sold & reverse repurchase	$0
Net loans and leases	$152,823
Loan and leases loss allowance	$2,686
Trading account assets	$0
Bank premises and fixed assets	$6,212
Other real estate owned	$578
Goodwill and other intangibles	$900
All other assets	$3,075

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$249,390
Total Liabilities	$216,946
Total deposits	$210,335
Interest-bearing deposits	$199,538
Deposits held in domestic offices	$210,335
% insured (estimated)	$91
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$6,125
Subordinated debt	$0
All other liabilities	$486

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$152,823
Loan and leases loss allowance	$2,686
Total loans and leases (domestic)	$155,509
All real estate loans	$142,398
Real estate loans in domestic offices	$142,398
Construction and development loans	$37,262
Residential 1-4 family construction	$16,440
Other construction, all land development and other land	$20,822
Loans secured by nonfarm nonresidential properties	$53,515
Nonfarm nonresidential secured by owner-occupied properties	$20,900
Commercial real estate & other non-farm, non-residential	$32,615
Multifamily residential real estate	$3,599
1-4 family residential loans	$48,022
Farmland loans	$0
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$10,143
To non-U.S. addressees	$0
Loans to individuals	$2,937
Credit card loans	$0
Related Plans	$61
Consumer Auto Loans	$423
Other loans to individuals	$2,453
All other loans & leases	$31
Loans to foreign governments and official institutions	$0
Other loans	$31
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	$251
Non 1-4 family restructured loans & leases	$251
Total loans and leases (foreign)	$0

Exchange Bank had $152,823,000 of loans outstanding in 2018. $142,398,000 of loans were in real estate loans. $37,262,000 of loans were in development loans. $3,599,000 of loans were in multifamily mortgage loans. $48,022,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $423,000 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	118	$24,076	$204,034
Nonfarm, nonresidential loans - <$100k	32	$1,405	$43,906
Nonfarm, nonresidential loans - $100-250k	44	$5,900	$134,091
Nonfarm, nonresidential loans - $250k-1MM	42	$16,771	$399,310
Commercial & Industrial, US addressed loans - <$1MM	218	$7,639	$35,041
Commercial & Industrial, US addressed loans - <$100k	196	$3,644	$18,592
Commercial & Industrial, US addressed loans - $100-250k	17	$2,337	$137,471
Commercial & Industrial, US addressed loans - $250k-1MM	5	$1,658	$331,600