Royal Business Bank Mortgage Rates, Fees & Info
Los Angeles, CALEI: 5493003B20KZ3DEZGB43
Tax ID: 26-0339713
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Mortgage Data
Bank Data
Review & Overview
Royal Business Bank is a smaller bank specializing in Home Purchase loans. Royal Business Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Los Angeles, Riverside, San Francisco, and Las Vegas among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)Royal Business 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. Royal Business Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.49% | 4/21/24 |
| 30 Year Conventional Refi | 6.45% | 4/21/24 |
| 30 Year Cash-out Refi | 6.70% | 4/21/24 |
| 15 Year Conventional Purchase | 5.96% | 4/21/24 |
| 15 Year Conventional Refi | 5.92% | 4/21/24 |
| 15 Year Cash-out Refi | 5.92% | 4/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Royal Business Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,174Origination Dollar Volume (All Markets)
$573,410,000Employee count
365Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 749 | $300,025,000 | $400,567 | $8,961 | 4.72% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 253 | $173,285,000 | $684,921 | $6,949 | 4.94% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 97 | $43,185,000 | $445,206 | $5,018 | 4.87% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 18 | $11,780,000 | $654,444 | $7,993 | 5.05% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 15 | $7,565,000 | $504,333 | $3,860 | 5.14% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 5 | $6,805,000 | $1,361,000 | $3,945 | 4.84% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $4,265,000 | $4,265,000 | $25,121 | 5.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 5 | $3,555,000 | $711,000 | $8,435 | 4.95% |
| Las Vegas, NM (FHA|USDA|VA) | 1 | $3,385,000 | $3,385,000 | $0 | 5.15% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $3,000,000 | $1,500,000 | $0 | 5.25% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 6 | $2,860,000 | $476,667 | $5,880 | 4.92% |
| STOCKTON, CA (FHA|USDA|VA) | 5 | $2,435,000 | $487,000 | $7,002 | 5.17% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $2,105,000 | $2,105,000 | $0 | 4.68% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 4 | $1,910,000 | $477,500 | $5,125 | 4.81% |
| CHICO, CA (FHA|USDA|VA) | 1 | $1,225,000 | $1,225,000 | $0 | 4.68% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $4,121 | 5.13% |
| Outside of Metro Areas | 2 | $1,040,000 | $520,000 | $17,310 | 4.86% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $945,000 | $945,000 | $0 | 4.78% |
| MERCED, CA (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $3,166 | 4.77% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $0 | 4.67% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 5.19% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $4,417 | 5.00% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 5.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against Royal Business Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,174 | $573,410,000 | $488,424 | $8,132 | 4.80% |
For 2018, Royal Business Bank's most frequently originated type of loan was Conventional, with 1,174 originations.
Loan Reason
For 2018, Royal Business Bank's most frequently cited loan purpose was Home Purchase, with 989 originations. The 2nd most popular reason was Refi, with 92 originations.
Loan Duration/Length
For 2018, Royal Business Bank's most frequently cited loan duration was 30 Year, with 1,124 originations. The 2nd most popular length was 15 Year, with 22 originations.
Origination Fees/Closing Costs
Royal Business Bank's average total fees were $8,160, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 294 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1,021 | $472,735,000 | $463,012 |
| 5-6% | 140 | $93,910,000 | $670,786 |
| 3-4% | 8 | $2,530,000 | $316,250 |
| 6-7% | 5 | $4,235,000 | $847,000 |
During 2018, Royal Business Bank's average interest rate for loans was 4.80%, while their most frequently originated rate bucket for loans was 4-5%, with 1,021 originations.
Loan Sizing
2018 saw Royal Business Bank place emphasis on $200k-400k loans with 558 originations, totaling $174,410,000 in origination value.
Applicant Income
Royal Business Bank lent most frequently to those with incomes in the $50k-75k range, with 286 originations. The second most popular income band? $75k-100k, with 279 originations.
Applicant Debt to Income Ratio
Royal Business Bank lent most frequently to those with DTI ratios of 30-36%, with 193 originations. The next most common DTI ratio? 41%, with 118 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.05%
Royal Business 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 origination85.26%
Royal Business Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,174 | $573,410,000 | $488,424 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Royal Pacific Funding Corporation | VA mortgage | Closing on a mortgage | 1 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Royal Business Bank | 1015 S. Nogales Street, Unit 121 & 122a Rowland Heights, CA 91748 | Full Service B&M | $168,626 |
| Royal Business Bank | 11304 1/2 South Street Cerritos, CA 90703 | Full Service B&M | $108,051 |
| Royal Business Bank | 123 East Valley Boulevard Suite 101 San Gabriel, CA 91776 | Full Service B&M | $467,832 |
| Royal Business Bank | 1241 Grand Avenue, Suite K Diamond Bar, CA 91765 | Full Service B&M | $75,139 |
| Royal Business Bank | 1912 W Sunset Boulevard Los Angeles, CA 90026 | Full Service B&M | $25,465 |
| Royal Business Bank | 2105 Sawtelle Blvd. Los Angeles, CA 90025 | Full Service B&M | $20,967 |
| Royal Business Bank | 23740 Hawthorne Blvd. Suite 103 Torrance, CA 90505 | Full Service B&M | $116,014 |
| Royal Business Bank | 3919 Spring Mountain Road Las Vegas, NV 89102 | Full Service B&M | $77,831 |
| Royal Business Bank | 400 E. Esplanade Drive, Suite 105 Oxnard, CA 93036 | Full Service B&M | $29,925 |
| Royal Business Bank | 600 Hampshire Road, Suite 100 Westlake Village, CA 91361 | Full Service B&M | $17,164 |
| Royal Business Bank | 660 S. Figueroa Street, Suite 1888 Los Angeles, CA 90017 | Full Service B&M | $84,248 |
| Royal Business Bank | 700 West Garvey Avenue Monterey Park, CA 91754 | Full Service B&M | $170,002 |
| Royal Business Bank | 901 South Baldwin Avenue Arcadia, CA 91007 | Full Service B&M | $116,810 |
For 2018, Royal Business Bank had 13 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $101,869 |
| Net interest income | $82,307 |
| Total noninterest income | $11,446 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,115 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $10,331 |
| Pre-tax net operating income | $50,389 |
| Securities gains (or losses, -) | $5 |
| Income before extraordinary items | $39,198 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $39,198 |
| Minority interest net income | $0 |
| Net income | $39,198 |
| Sale, conversion, retirement of capital stock, net | $116,634 |
| Net operating income | $39,194 |
Royal Business Bank's gross interest income from loans was $101,869,000.
Royal Business Bank's net interest income from loans was $82,307,000.
Royal Business Bank's fee based income from loans was $1,115,000.
Royal Business Bank's net income from loans was $39,198,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $19,562 |
| Provision for credit losses | $4,469 |
| Total noninterest expense | $38,895 |
| Salaries and employee benefits | $22,526 |
| Premises and equipment expense | $4,542 |
| Additional noninterest expense | $11,827 |
| Applicable income taxes | $11,196 |
| Net charge-offs | $665 |
| Cash dividends | $7 |
Royal Business Bank's interest expense for loans was $19,562,000.
Royal Business Bank's payroll and benefits expense were $22,526,000.
Royal Business Bank's property, plant and equipment expenses $4,542,000.
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 | $2,195,274 |
| Deposits held in domestic offices | $2,195,274 |
| Deposits by Individuals, partnerships, and corporations | $2,159,157 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $984 |
| Deposits by Commercial banks and other depository institutions in U.S. | $35,133 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $517,305 |
| Demand deposits | $491,193 |
| Nontransaction accounts | $1,677,969 |
| Money market deposit accounts (MMDAs) | $448,854 |
| Other savings deposits (excluding MMDAs) | $103,085 |
| Total time deposits | $1,126,030 |
| Total time and savings deposits | $1,704,081 |
| Noninterest-bearing deposits | $489,997 |
| Interest-bearing deposits | $1,705,277 |
| Retail deposits | $1,608,029 |
| IRAs and Keogh plan accounts | $17,187 |
| Brokered deposits | $113,832 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $2,970,076 |
| Cash & Balances due from depository institutions | $148,285 |
| Interest-bearing balances | $112,261 |
| Total securities | $83,724 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $2,557,950 |
| Loan and leases loss allowance | $17,577 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $17,307 |
| Other real estate owned | $1,101 |
| Goodwill and other intangibles | $83,354 |
| All other assets | $78,355 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $2,970,076 |
| Total Liabilities | $2,537,053 |
| Total deposits | $2,195,274 |
| Interest-bearing deposits | $1,705,277 |
| Deposits held in domestic offices | $2,195,274 |
| % insured (estimated) | $52 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $319,500 |
| Subordinated debt | $0 |
| All other liabilities | $22,279 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $2,557,950 |
| Loan and leases loss allowance | $17,577 |
| Total loans and leases (domestic) | $2,575,527 |
| All real estate loans | $2,330,799 |
| Real estate loans in domestic offices | $2,330,799 |
| Construction and development loans | $115,321 |
| Residential 1-4 family construction | $36,738 |
| Other construction, all land development and other land | $78,583 |
| Loans secured by nonfarm nonresidential properties | $610,230 |
| Nonfarm nonresidential secured by owner-occupied properties | $178,208 |
| Commercial real estate & other non-farm, non-residential | $432,022 |
| Multifamily residential real estate | $218,728 |
| 1-4 family residential loans | $1,386,520 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $214,625 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $123 |
| Credit card loans | $77 |
| Related Plans | $0 |
| Consumer Auto Loans | $46 |
| Other loans to individuals | $0 |
| All other loans & leases | $34,946 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $34,946 |
| 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 | $1,350 |
| Non 1-4 family restructured loans & leases | $1,350 |
| Total loans and leases (foreign) | $0 |
Royal Business Bank had $2,557,950,000 of loans outstanding in 2018. $2,330,799,000 of loans were in real estate loans. $115,321,000 of loans were in development loans. $218,728,000 of loans were in multifamily mortgage loans. $1,386,520,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $77,000 of loans were in credit card loans. $46,000 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 | 289 | $103,542 | $358,277 |
| Nonfarm, nonresidential loans - <$100k | 3 | $96 | $32,000 |
| Nonfarm, nonresidential loans - $100-250k | 121 | $15,607 | $128,983 |
| Nonfarm, nonresidential loans - $250k-1MM | 165 | $87,839 | $532,358 |
| Commercial & Industrial, US addressed loans - <$1MM | 314 | $56,769 | $180,793 |
| Commercial & Industrial, US addressed loans - <$100k | 108 | $2,825 | $26,157 |
| Commercial & Industrial, US addressed loans - $100-250k | 137 | $14,085 | $102,810 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 69 | $39,859 | $577,667 |