The Samson Banking Company Mortgage Rates, Fees & Info

Samson, AL

LEI: 549300DQG9B47MV1MR51

Tax ID: 63-0182250

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Mortgage Data

Bank Data

Review & Overview

The Samson Banking Company is a smaller bank specializing in Refi and Home Purchase loans. The Samson Banking Company has a high proportion of conventional loans. Their top markets by origination volume include: Dothan, Enterprise, Panama City, Birmingham, and Crestview among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Samson Banking Company 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

86

Origination Dollar Volume (All Markets)

$5,630,000

Employee count

22

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
DOTHAN, AL (FHA|USDA|VA) 54 $2,400,000 $44,444 $0 0.00%
Outside of Metro Areas 16 $1,150,000 $71,875 $0 0.00%
Enterprise, AL (FHA|USDA|VA) 11 $915,000 $83,182 $0 0.00%
PANAMA CITY, FL (FHA|USDA|VA) 2 $500,000 $250,000 $0 0.00%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Ozark, AL (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
The Samson Banking Company's top markets include Dothan, Enterprise, Panama City, Birmingham, and Crestview among others.

Their top states include:
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 86 $5,630,000 $65,465 $0 0.00%

    For 2018, The Samson Banking Company's most frequently originated type of loan was Conventional, with 86 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 29 $1,685,000 $58,103 $0 0.00%
    Home Purchase 28 $2,540,000 $90,714 $0 0.00%
    Home Improvement 17 $715,000 $42,059 $0 0.00%
    Cash Out Refi 8 $380,000 $47,500 $0 0.00%
    Other 4 $310,000 $77,500 $0 0.00%

    For 2018, The Samson Banking Company's most frequently cited loan purpose was Refi, with 29 originations. The 2nd most popular reason was Home Purchase, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 86 $5,630,000 $65,465 $0 0.00%

    For 2018, The Samson Banking Company's most frequently cited loan duration was Other, with 86 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 71 $2,765,000 $38,944 $0 0.00%
    $100k-200k 9 $1,335,000 $148,333 $0 0.00%
    $200k-400k 6 $1,530,000 $255,000 $0 0.00%

    2018 saw The Samson Banking Company place emphasis on $100,000 or less loans with 71 originations, totaling $2,765,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 32 $1,290,000 $40,313 $0 0.00%
    $50k-75k 16 $1,020,000 $63,750 $0 0.00%
    $100k-150k 12 $990,000 $82,500 $0 0.00%
    $75k-100k 10 $730,000 $73,000 $0 0.00%
    $150k-250k 5 $455,000 $91,000 $0 0.00%
    $250k+ 1 $265,000 $265,000 $0 0.00%

    The Samson Banking Company lent most frequently to those with incomes in the $50k or less range, with 32 originations. The second most popular income band? $50k-75k, with 16 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 72 $4,670,000 $64,861 $0 0.00%
    Not applicable 7 $785,000 $112,143 $0 0.00%
    Black 6 $140,000 $23,333 $0 0.00%
    American Indian 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.48%

    The Samson Banking Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.05%

    The Samson Banking Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 86 $5,630,000 $65,465

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 21 $595,000 $28,333
    Single Family (1-4 Units):Site-Built 65 $5,035,000 $77,462

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Samson Banking Company, Inc. 105 North Commerce Street Geneva, AL 36340 Full Service B&M $20,235
    The Samson Banking Company, Inc. 2 West Main Street Samson, AL 36477 Full Service B&M $48,604

    For 2018, The Samson Banking Company had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $2,954
    Net interest income $2,715
    Total noninterest income $521
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $320
    Trading account gains and fees $0
    Additional Noninterest Income $201
    Pre-tax net operating income $1,200
    Securities gains (or losses, -) $-54
    Income before extraordinary items $1,090
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,090
    Minority interest net income $0
    Net income $1,090
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,141

    The Samson Banking Company's gross interest income from loans was $2,954,000.
    The Samson Banking Company's net interest income from loans was $2,715,000.
    The Samson Banking Company's fee based income from loans was $320,000.
    The Samson Banking Company's net income from loans was $1,090,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $239
    Provision for credit losses $42
    Total noninterest expense $1,994
    Salaries and employee benefits $1,025
    Premises and equipment expense $178
    Additional noninterest expense $791
    Applicable income taxes $56
    Net charge-offs $42
    Cash dividends $445

    The Samson Banking Company's interest expense for loans was $239,000.
    The Samson Banking Company's payroll and benefits expense were $1,025,000.
    The Samson Banking Company's property, plant and equipment expenses $178,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $67,459
    Deposits held in domestic offices $67,459
    Deposits by Individuals, partnerships, and corporations $61,520
    Deposits by U.S. Government $639
    Deposits by States and political subdivisions in the U.S. $5,300
    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 $31,969
    Demand deposits $18,258
    Nontransaction accounts $35,490
    Money market deposit accounts (MMDAs) $6,958
    Other savings deposits (excluding MMDAs) $10,410
    Total time deposits $18,121
    Total time and savings deposits $49,201
    Noninterest-bearing deposits $18,258
    Interest-bearing deposits $49,201
    Retail deposits $66,883
    IRAs and Keogh plan accounts $4,192
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $77,874
    Cash & Balances due from depository institutions $4,502
    Interest-bearing balances $3,572
    Total securities $38,022
    Federal funds sold & reverse repurchase $0
    Net loans and leases $33,530
    Loan and leases loss allowance $477
    Trading account assets $0
    Bank premises and fixed assets $1,259
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $561

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $77,874
    Total Liabilities $67,584
    Total deposits $67,459
    Interest-bearing deposits $49,201
    Deposits held in domestic offices $67,459
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $125

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $33,530
    Loan and leases loss allowance $477
    Total loans and leases (domestic) $34,007
    All real estate loans $25,588
    Real estate loans in domestic offices $25,588
    Construction and development loans $1,586
    Residential 1-4 family construction $1,123
    Other construction, all land development and other land $463
    Loans secured by nonfarm nonresidential properties $4,913
    Nonfarm nonresidential secured by owner-occupied properties $3,242
    Commercial real estate & other non-farm, non-residential $1,671
    Multifamily residential real estate $145
    1-4 family residential loans $15,106
    Farmland loans $3,838
    Loans held in foreign offices $0
    Farm loans $1,070
    Commercial and industrial loans $2,417
    To non-U.S. addressees $0
    Loans to individuals $4,564
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,694
    Other loans to individuals $1,870
    All other loans & leases $368
    Loans to foreign governments and official institutions $0
    Other loans $32
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    The Samson Banking Company had $33,530,000 of loans outstanding in 2018. $25,588,000 of loans were in real estate loans. $1,586,000 of loans were in development loans. $145,000 of loans were in multifamily mortgage loans. $15,106,000 of loans were in 1-4 family mortgage loans. $1,070,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,694,000 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 $4,912 $41,627
    Nonfarm, nonresidential loans - <$100k 101 $2,261 $22,386
    Nonfarm, nonresidential loans - $100-250k 14 $1,442 $103,000
    Nonfarm, nonresidential loans - $250k-1MM 3 $1,209 $403,000
    Commercial & Industrial, US addressed loans - <$1MM 139 $2,417 $17,388
    Commercial & Industrial, US addressed loans - <$100k 133 $1,692 $12,722
    Commercial & Industrial, US addressed loans - $100-250k 4 $462 $115,500
    Commercial & Industrial, US addressed loans - $250k-1MM 2 $263 $131,500
    Farmland loans - <$1MM 46 $3,203 $69,630
    Farmland loans - <$100k 30 $1,228 $40,933
    Farmland loans - $100-250k 14 $1,516 $108,286
    Farmland loans - $250k-1MM 2 $459 $229,500
    Agriculture operations loans - <$1MM 35 $1,069 $30,543
    Agriculture operations loans - <$100k 32 $478 $14,938
    Agriculture operations loans - $100-250k 2 $308 $154,000
    Agriculture operations loans - $250k-1MM 1 $283 $283,000