Rollstone Bank & Trust Mortgage Rates, Fees & Info

Fitchburg, MA

LEI: 54930040WE4NGYGGO143

Tax ID: 04-1328870

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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

    Rollstone Bank & Trust is a smaller bank specializing in Home Purchase loans. Rollstone Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Worcester, Boston, Barnstable Town, Keene, and Providence among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Rollstone Bank & Trust 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

    68

    Origination Dollar Volume (All Markets)

    $18,430,000

    Employee count

    96

    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
    WORCESTER, MA-CT (FHA|USDA|VA) 57 $15,265,000 $267,807 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 6 $1,350,000 $225,000 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $810,000 $405,000 $0 0.00%
    Outside of Metro Areas 1 $565,000 $565,000 $0 0.00%
    Keene, NH (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Rollstone Bank & Trust's top markets include Worcester, Boston, Barnstable Town, Keene, and Providence among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 68 $18,430,000 $271,029 $0 0.00%

    For 2018, Rollstone Bank & Trust's most frequently originated type of loan was Conventional, with 68 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 53 $14,405,000 $271,792 $0 0.00%
    Refi 9 $2,975,000 $330,556 $0 0.00%
    Cash Out Refi 6 $1,050,000 $175,000 $0 0.00%

    For 2018, Rollstone Bank & Trust's most frequently cited loan purpose was Home Purchase, with 53 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 68 $18,430,000 $271,029 $0 0.00%

    For 2018, Rollstone Bank & Trust's most frequently cited loan duration was Other, with 68 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 36 $10,180,000 $282,778 $0 0.00%
    $100k-200k 22 $3,620,000 $164,545 $0 0.00%
    $400k-600k 7 $3,265,000 $466,429 $0 0.00%
    $100,000 or less 2 $160,000 $80,000 $0 0.00%
    $1MM+ 1 $1,205,000 $1,205,000 $0 0.00%

    2018 saw Rollstone Bank & Trust place emphasis on $200k-400k loans with 36 originations, totaling $10,180,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 20 $5,610,000 $280,500 $0 0.00%
    $75k-100k 13 $2,985,000 $229,615 $0 0.00%
    $150k-250k 11 $3,505,000 $318,636 $0 0.00%
    $50k-75k 10 $1,970,000 $197,000 $0 0.00%
    $50k or less 6 $880,000 $146,667 $0 0.00%
    $250k+ 5 $1,795,000 $359,000 $0 0.00%

    Rollstone Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $75k-100k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 68 $18,430,000 $271,029 $0 0.00%

    Rollstone Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 68 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 61 $16,225,000 $265,984 $0 0.00%
    Not provided 3 $1,315,000 $438,333 $0 0.00%
    Not applicable 2 $480,000 $240,000 $0 0.00%
    Black 2 $410,000 $205,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.37%

    Rollstone Bank & Trust 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
    88.24%

    Rollstone Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 68 $18,430,000 $271,029

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $1,205,000 $1,205,000
    Single Family (1-4 Units):Site-Built 67 $17,225,000 $257,090

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Rollstone Bank & Trust 225 Main Street Townsend, MA 1469 Full Service B&M $41,832
    Rollstone Bank & Trust 24 Monument Square Leominster, MA 1453 Full Service B&M $188,487
    Rollstone Bank & Trust 519 Electric Avenue Fitchburg, MA 1420 Full Service B&M $49,052
    Rollstone Bank & Trust 721 Central Street Leominster, MA 1453 Full Service B&M $39,355
    Rollstone Bank & Trust 780 Main Street Fitchburg, MA 1420 Full Service B&M $0
    Rollstone Bank & Trust John Fitch Highway Fitchburg, MA 1420 Full Service B&M $64,539
    Rollstone Bank & Trust Route 110 And Old Mill Road Harvard, MA 1451 Full Service B&M $61,766

    For 2018, Rollstone Bank & Trust had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $23,355
    Net interest income $17,200
    Total noninterest income $3,165
    Gross Fiduciary activities income $564
    Service charges on deposit accounts $426
    Trading account gains and fees $0
    Additional Noninterest Income $2,175
    Pre-tax net operating income $3,725
    Securities gains (or losses, -) $2,691
    Income before extraordinary items $5,050
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,050
    Minority interest net income $0
    Net income $5,050
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,924

    Rollstone Bank & Trust's gross interest income from loans was $23,355,000.
    Rollstone Bank & Trust's net interest income from loans was $17,200,000.
    Rollstone Bank & Trust's fee based income from loans was $426,000.
    Rollstone Bank & Trust's net income from loans was $5,050,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,155
    Provision for credit losses $200
    Total noninterest expense $16,440
    Salaries and employee benefits $10,130
    Premises and equipment expense $1,991
    Additional noninterest expense $4,319
    Applicable income taxes $1,366
    Net charge-offs $47
    Cash dividends $255

    Rollstone Bank & Trust's interest expense for loans was $6,155,000.
    Rollstone Bank & Trust's payroll and benefits expense were $10,130,000.
    Rollstone Bank & Trust's property, plant and equipment expenses $1,991,000.

    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 $465,916
    Deposits held in domestic offices $465,916
    Deposits by Individuals, partnerships, and corporations $465,916
    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 $26,905
    Demand deposits $18,536
    Nontransaction accounts $439,011
    Money market deposit accounts (MMDAs) $68,443
    Other savings deposits (excluding MMDAs) $166,960
    Total time deposits $203,608
    Total time and savings deposits $447,380
    Noninterest-bearing deposits $84,525
    Interest-bearing deposits $381,391
    Retail deposits $388,764
    IRAs and Keogh plan accounts $14,270
    Brokered deposits $59,491
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $660,949
    Cash & Balances due from depository institutions $8,780
    Interest-bearing balances $1,819
    Total securities $122,950
    Federal funds sold & reverse repurchase $0
    Net loans and leases $484,895
    Loan and leases loss allowance $7,138
    Trading account assets $0
    Bank premises and fixed assets $10,799
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $33,525

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $660,949
    Total Liabilities $588,832
    Total deposits $465,916
    Interest-bearing deposits $381,391
    Deposits held in domestic offices $465,916
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $6,000
    Trading liabilities $0
    Other borrowed funds $107,282
    Subordinated debt $0
    All other liabilities $9,634

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $484,895
    Loan and leases loss allowance $7,138
    Total loans and leases (domestic) $492,033
    All real estate loans $453,396
    Real estate loans in domestic offices $453,396
    Construction and development loans $19,894
    Residential 1-4 family construction $1,970
    Other construction, all land development and other land $17,924
    Loans secured by nonfarm nonresidential properties $241,261
    Nonfarm nonresidential secured by owner-occupied properties $62,957
    Commercial real estate & other non-farm, non-residential $178,304
    Multifamily residential real estate $30,063
    1-4 family residential loans $162,178
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $29,022
    To non-U.S. addressees $0
    Loans to individuals $740
    Credit card loans $0
    Related Plans $102
    Consumer Auto Loans $266
    Other loans to individuals $372
    All other loans & leases $8,875
    Loans to foreign governments and official institutions $0
    Other loans $25
    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 $3,652
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Rollstone Bank & Trust had $484,895,000 of loans outstanding in 2018. $453,396,000 of loans were in real estate loans. $19,894,000 of loans were in development loans. $30,063,000 of loans were in multifamily mortgage loans. $162,178,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $266,000 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 142 $49,773 $350,514
    Nonfarm, nonresidential loans - <$100k 12 $742 $61,833
    Nonfarm, nonresidential loans - $100-250k 35 $4,347 $124,200
    Nonfarm, nonresidential loans - $250k-1MM 95 $44,684 $470,358
    Commercial & Industrial, US addressed loans - <$1MM 282 $20,183 $71,571
    Commercial & Industrial, US addressed loans - <$100k 158 $3,278 $20,747
    Commercial & Industrial, US addressed loans - $100-250k 73 $6,377 $87,356
    Commercial & Industrial, US addressed loans - $250k-1MM 51 $10,528 $206,431