Rollstone Bank & Trust Mortgage Rates, Fees & Info
Fitchburg, MALEI: 54930040WE4NGYGGO143
Tax ID: 04-1328870
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Mortgage Data
Bank Data
Review & Overview
Rollstone Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Rollstone Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Worcester, Boston, Portland, Keene, and Barnstable Town among others. We have data for 9 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.
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Originations
124Origination Dollar Volume (All Markets)
$34,870,000Employee count
96Top 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) | 99 | $26,505,000 | $267,727 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 14 | $4,800,000 | $342,857 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $0 | 0.00% |
| Keene, NH (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 124 | $34,870,000 | $281,210 | $0 | 0.00% |
For 2019, Rollstone Bank & Trust's most frequently originated type of loan was Conventional, with 124 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 69 | $19,485,000 | $282,391 | $0 | 0.00% |
| Refi | 47 | $13,505,000 | $287,340 | $0 | 0.00% |
| Cash Out Refi | 8 | $1,880,000 | $235,000 | $0 | 0.00% |
For 2019, Rollstone Bank & Trust's most frequently cited loan purpose was Home Purchase, with 69 originations. The 2nd most popular reason was Refi, with 47 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 124 | $34,870,000 | $281,210 | $0 | 0.00% |
For 2019, Rollstone Bank & Trust's most frequently cited loan duration was Other, with 124 originations.
Loan Sizing
2019 saw Rollstone Bank & Trust place emphasis on $200k-400k loans with 65 originations, totaling $17,805,000 in origination value.
Applicant Income
Rollstone Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 44 originations. The second most popular income band? $150k-250k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 124 | $34,870,000 | $281,210 | $0 | 0.00% |
Rollstone Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 124 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.05%
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 origination83.06%
Rollstone Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 124 | $34,870,000 | $281,210 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 1 | $475,000 | $475,000 |
| Single Family (1-4 Units):Site-Built | 123 | $34,395,000 | $279,634 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Rollstone Bank & Trust | 225 Main Street Townsend, MA 1469 | Full Service B&M | $43,886 |
| Rollstone Bank & Trust | 24 Monument Square Leominster, MA 1453 | Full Service B&M | $172,074 |
| Rollstone Bank & Trust | 519 Electric Avenue Fitchburg, MA 1420 | Full Service B&M | $58,884 |
| Rollstone Bank & Trust | 721 Central Street Leominster, MA 1453 | Full Service B&M | $51,073 |
| Rollstone Bank & Trust | 780 Main Street Fitchburg, MA 1420 | Full Service B&M | $0 |
| Rollstone Bank & Trust | 788 Boston Road Groton, MA 1450 | Full Service B&M | $2,695 |
| Rollstone Bank & Trust | John Fitch Highway Fitchburg, MA 1420 | Full Service B&M | $75,670 |
| Rollstone Bank & Trust | Route 110 And Old Mill Road Harvard, MA 1451 | Full Service B&M | $65,625 |
For 2019, Rollstone Bank & Trust had 8 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $25,599 |
| Net interest income | $16,443 |
| Total noninterest income | $2,977 |
| Gross Fiduciary activities income | $638 |
| Service charges on deposit accounts | $401 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,938 |
| Pre-tax net operating income | $2,222 |
| Securities gains (or losses, -) | $2,291 |
| Income before extraordinary items | $3,651 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,651 |
| Minority interest net income | $0 |
| Net income | $3,651 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $1,795 |
Rollstone Bank & Trust's gross interest income from loans was $25,599,000.
Rollstone Bank & Trust's net interest income from loans was $16,443,000.
Rollstone Bank & Trust's fee based income from loans was $401,000.
Rollstone Bank & Trust's net income from loans was $3,651,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $9,156 |
| Provision for credit losses | $0 |
| Total noninterest expense | $17,198 |
| Salaries and employee benefits | $10,601 |
| Premises and equipment expense | $2,042 |
| Additional noninterest expense | $4,555 |
| Applicable income taxes | $862 |
| Net charge-offs | $526 |
| Cash dividends | $143 |
Rollstone Bank & Trust's interest expense for loans was $9,156,000.
Rollstone Bank & Trust's payroll and benefits expense were $10,601,000.
Rollstone Bank & Trust's property, plant and equipment expenses $2,042,000.
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 | $482,102 |
| Deposits held in domestic offices | $482,102 |
| Deposits by Individuals, partnerships, and corporations | $482,102 |
| 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 | $28,833 |
| Demand deposits | $19,133 |
| Nontransaction accounts | $453,269 |
| Money market deposit accounts (MMDAs) | $78,857 |
| Other savings deposits (excluding MMDAs) | $170,474 |
| Total time deposits | $203,938 |
| Total time and savings deposits | $462,969 |
| Noninterest-bearing deposits | $83,224 |
| Interest-bearing deposits | $398,878 |
| Retail deposits | $390,710 |
| IRAs and Keogh plan accounts | $14,347 |
| Brokered deposits | $68,400 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $694,701 |
| Cash & Balances due from depository institutions | $6,444 |
| Interest-bearing balances | $210 |
| Total securities | $159,920 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $483,560 |
| Loan and leases loss allowance | $6,612 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $11,003 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $33,774 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $694,701 |
| Total Liabilities | $617,923 |
| Total deposits | $482,102 |
| Interest-bearing deposits | $398,878 |
| Deposits held in domestic offices | $482,102 |
| % insured (estimated) | $76 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $125,739 |
| Subordinated debt | $0 |
| All other liabilities | $10,082 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $483,560 |
| Loan and leases loss allowance | $6,612 |
| Total loans and leases (domestic) | $490,172 |
| All real estate loans | $441,551 |
| Real estate loans in domestic offices | $441,551 |
| Construction and development loans | $17,321 |
| Residential 1-4 family construction | $623 |
| Other construction, all land development and other land | $16,698 |
| Loans secured by nonfarm nonresidential properties | $240,322 |
| Nonfarm nonresidential secured by owner-occupied properties | $55,765 |
| Commercial real estate & other non-farm, non-residential | $184,557 |
| Multifamily residential real estate | $22,972 |
| 1-4 family residential loans | $160,936 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $35,541 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $841 |
| Credit card loans | $0 |
| Related Plans | $101 |
| Consumer Auto Loans | $340 |
| Other loans to individuals | $400 |
| All other loans & leases | $12,239 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $19 |
| 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 | $3,317 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Rollstone Bank & Trust had $483,560,000 of loans outstanding in 2019. $441,551,000 of loans were in real estate loans. $17,321,000 of loans were in development loans. $22,972,000 of loans were in multifamily mortgage loans. $160,936,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $340,000 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 | 139 | $47,157 | $339,259 |
| Nonfarm, nonresidential loans - <$100k | 12 | $689 | $57,417 |
| Nonfarm, nonresidential loans - $100-250k | 34 | $4,264 | $125,412 |
| Nonfarm, nonresidential loans - $250k-1MM | 93 | $42,204 | $453,806 |
| Commercial & Industrial, US addressed loans - <$1MM | 272 | $23,582 | $86,699 |
| Commercial & Industrial, US addressed loans - <$100k | 147 | $2,962 | $20,150 |
| Commercial & Industrial, US addressed loans - $100-250k | 66 | $6,664 | $100,970 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 59 | $13,956 | $236,542 |