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 Refi and Home Purchase loans. Rollstone Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Worcester, Boston, Providence, 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.

    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

    187

    Origination Dollar Volume (All Markets)

    $65,655,000

    Employee count

    105

    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) 142 $40,670,000 $286,408 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 32 $17,210,000 $537,813 $0 0.00%
    Outside of Metro Areas 2 $3,420,000 $1,710,000 $0 0.00%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $2,220,000 $1,110,000 $0 0.00%
    Keene, NH (FHA|USDA|VA) 3 $775,000 $258,333 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $690,000 $345,000 $0 0.00%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $410,000 $205,000 $0 0.00%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Rollstone Bank & Trust's top markets include Worcester, Boston, Providence, Keene, and Barnstable Town among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 187 $65,655,000 $351,096 $0 0.00%

    For 2021, Rollstone Bank & Trust's most frequently originated type of loan was Conventional, with 187 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 85 $33,275,000 $391,471 $0 0.00%
    Home Purchase 61 $21,805,000 $357,459 $0 0.00%
    Cash Out Refi 35 $8,935,000 $255,286 $0 0.00%
    Other 6 $1,640,000 $273,333 $0 0.00%

    For 2021, Rollstone Bank & Trust's most frequently cited loan purpose was Refi, with 85 originations. The 2nd most popular reason was Home Purchase, with 61 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 187 $65,655,000 $351,096 $0 0.00%

    For 2021, Rollstone Bank & Trust's most frequently cited loan duration was Other, with 187 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 79 $22,145,000 $280,316 $0 0.00%
    $100k-200k 55 $8,905,000 $161,909 $0 0.00%
    $400k-600k 30 $13,940,000 $464,667 $0 0.00%
    $1MM+ 10 $15,930,000 $1,593,000 $0 0.00%
    $100,000 or less 7 $495,000 $70,714 $0 0.00%
    $600k-1MM 6 $4,240,000 $706,667 $0 0.00%

    2021 saw Rollstone Bank & Trust place emphasis on $200k-400k loans with 79 originations, totaling $22,145,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 47 $13,325,000 $283,511 $0 0.00%
    $150k-250k 41 $12,715,000 $310,122 $0 0.00%
    $75k-100k 33 $8,595,000 $260,455 $0 0.00%
    $50k-75k 27 $5,755,000 $213,148 $0 0.00%
    $250k+ 16 $10,110,000 $631,875 $0 0.00%
    $50k or less 7 $1,025,000 $146,429 $0 0.00%

    Rollstone Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 47 originations. The second most popular income band? $150k-250k, with 41 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 187 $65,655,000 $351,096 $0 0.00%

    Rollstone Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 187 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 160 $48,000,000 $300,000 $0 0.00%
    Not applicable 10 $12,790,000 $1,279,000 $0 0.00%
    Not provided 13 $3,885,000 $298,846 $0 0.00%
    Black 3 $825,000 $275,000 $0 0.00%
    Asian 1 $155,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.02%

    Rollstone Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.30%

    Rollstone Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 187 $65,655,000 $351,096

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    187 $65,655,000 $351,096

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Rollstone Bank & Trust 225 Main Street Townsend, MA 1469 Full Service B&M $54,110
    Rollstone Bank & Trust 24 Monument Square Leominster, MA 1453 Full Service B&M $321,088
    Rollstone Bank & Trust 519 Electric Avenue Fitchburg, MA 1420 Full Service B&M $68,103
    Rollstone Bank & Trust 721 Central Street Leominster, MA 1453 Full Service B&M $61,729
    Rollstone Bank & Trust 780 Main St Fitchburg, MA 1420 Full Service B&M $0
    Rollstone Bank & Trust 788 Boston Road Groton, MA 1450 Full Service B&M $37,048
    Rollstone Bank & Trust John Fitch Highway Fitchburg, MA 1420 Full Service B&M $81,267
    Rollstone Bank & Trust Route 110 And Old Mill Road Harvard, MA 1451 Full Service B&M $98,248

    For 2021, Rollstone Bank & Trust had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $25,829
    Net interest income $20,535
    Total noninterest income $3,324
    Gross Fiduciary activities income $849
    Service charges on deposit accounts $189
    Trading account gains and fees $0
    Additional Noninterest Income $2,286
    Pre-tax net operating income $4,676
    Securities gains (or losses, -) $4,816
    Income before extraordinary items $7,325
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,325
    Minority interest net income $0
    Net income $7,325
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,520

    Rollstone Bank & Trust's gross interest income from loans was $25,829,000.
    Rollstone Bank & Trust's net interest income from loans was $20,535,000.
    Rollstone Bank & Trust's fee based income from loans was $189,000.
    Rollstone Bank & Trust's net income from loans was $7,325,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,294
    Provision for credit losses $600
    Total noninterest expense $18,583
    Salaries and employee benefits $11,818
    Premises and equipment expense $2,231
    Additional noninterest expense $4,534
    Applicable income taxes $2,167
    Net charge-offs $-286
    Cash dividends $392

    Rollstone Bank & Trust's interest expense for loans was $5,294,000.
    Rollstone Bank & Trust's payroll and benefits expense were $11,818,000.
    Rollstone Bank & Trust's property, plant and equipment expenses $2,231,000.

    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 $718,451
    Deposits held in domestic offices $718,451
    Deposits by Individuals, partnerships, and corporations $601,277
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $25,008
    Deposits by Commercial banks and other depository institutions in U.S. $92,166
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $36,210
    Demand deposits $25,140
    Nontransaction accounts $682,241
    Money market deposit accounts (MMDAs) $242,884
    Other savings deposits (excluding MMDAs) $251,407
    Total time deposits $187,950
    Total time and savings deposits $693,311
    Noninterest-bearing deposits $123,019
    Interest-bearing deposits $595,432
    Retail deposits $638,310
    IRAs and Keogh plan accounts $14,101
    Brokered deposits $61,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $842,610
    Cash & Balances due from depository institutions $28,665
    Interest-bearing balances $2,812
    Total securities $222,284
    Federal funds sold & reverse repurchase $0
    Net loans and leases $546,077
    Loan and leases loss allowance $8,012
    Trading account assets $0
    Bank premises and fixed assets $10,431
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $35,153

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $842,610
    Total Liabilities $755,853
    Total deposits $718,451
    Interest-bearing deposits $595,432
    Deposits held in domestic offices $718,451
    % insured (estimated) $60
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $26,024
    Subordinated debt $0
    All other liabilities $11,378

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $546,077
    Loan and leases loss allowance $8,012
    Total loans and leases (domestic) $554,089
    All real estate loans $509,518
    Real estate loans in domestic offices $509,518
    Construction and development loans $15,216
    Residential 1-4 family construction $2,271
    Other construction, all land development and other land $12,945
    Loans secured by nonfarm nonresidential properties $334,095
    Nonfarm nonresidential secured by owner-occupied properties $51,027
    Commercial real estate & other non-farm, non-residential $283,068
    Multifamily residential real estate $25,112
    1-4 family residential loans $135,095
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $34,260
    To non-U.S. addressees $0
    Loans to individuals $617
    Credit card loans $0
    Related Plans $82
    Consumer Auto Loans $189
    Other loans to individuals $346
    All other loans & leases $9,694
    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 $2,945
    Non 1-4 family restructured loans & leases $126
    Total loans and leases (foreign) $0

    Rollstone Bank & Trust had $546,077,000 of loans outstanding in 2021. $509,518,000 of loans were in real estate loans. $15,216,000 of loans were in development loans. $25,112,000 of loans were in multifamily mortgage loans. $135,095,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $189,000 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 150 $48,673 $324,487
    Nonfarm, nonresidential loans - <$100k 8 $488 $61,000
    Nonfarm, nonresidential loans - $100-250k 34 $4,291 $126,206
    Nonfarm, nonresidential loans - $250k-1MM 108 $43,894 $406,426
    Commercial & Industrial, US addressed loans - <$1MM 323 $20,297 $62,839
    Commercial & Industrial, US addressed loans - <$100k 197 $3,712 $18,843
    Commercial & Industrial, US addressed loans - $100-250k 74 $6,631 $89,608
    Commercial & Industrial, US addressed loans - $250k-1MM 52 $9,954 $191,423