The Samson Banking Company Mortgage Rates, Fees & Info

Samson, AL

LEI: 549300DQG9B47MV1MR51

Tax ID: 63-0182250

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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

    The Samson Banking Company is a smaller bank specializing in Home Purchase and Refi loans. The Samson Banking Company has a high proportion of conventional loans. Their top markets by origination volume include: Dothan, Crestview, Enterprise, Auburn, and Panama City among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Samson Banking Company 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

    124

    Origination Dollar Volume (All Markets)

    $8,090,000

    Employee count

    25

    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) 95 $5,965,000 $62,789 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 8 $790,000 $98,750 $0 0.00%
    Outside of Metro Areas 13 $725,000 $55,769 $0 0.00%
    Enterprise, AL (FHA|USDA|VA) 6 $370,000 $61,667 $0 0.00%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    The Samson Banking Company's top markets include Dothan, Crestview, Enterprise, Auburn, and Panama City 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 124 $8,090,000 $65,242 $0 0.00%

    For 2021, The Samson Banking Company'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 48 $3,230,000 $67,292 $0 0.00%
    Refi 24 $1,810,000 $75,417 $0 0.00%
    Home Improvement 22 $1,200,000 $54,545 $0 0.00%
    Cash Out Refi 18 $1,200,000 $66,667 $0 0.00%
    Other 12 $650,000 $54,167 $0 0.00%

    For 2021, The Samson Banking Company's most frequently cited loan purpose was Home Purchase, with 48 originations. The 2nd most popular reason was Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 124 $8,090,000 $65,242 $0 0.00%

    For 2021, The Samson Banking Company's most frequently cited loan duration was Other, with 124 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 100 $4,210,000 $42,100 $0 0.00%
    $100k-200k 20 $2,790,000 $139,500 $0 0.00%
    $200k-400k 3 $685,000 $228,333 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%

    2021 saw The Samson Banking Company place emphasis on $100,000 or less loans with 100 originations, totaling $4,210,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 45 $1,755,000 $39,000 $0 0.00%
    $50k-75k 36 $2,330,000 $64,722 $0 0.00%
    $75k-100k 12 $920,000 $76,667 $0 0.00%
    $100k-150k 11 $795,000 $72,273 $0 0.00%
    $150k-250k 4 $730,000 $182,500 $0 0.00%
    $250k+ 4 $460,000 $115,000 $0 0.00%

    The Samson Banking Company lent most frequently to those with incomes in the $50k or less range, with 45 originations. The second most popular income band? $50k-75k, with 36 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 124 $8,090,000 $65,242 $0 0.00%

    The Samson Banking Company lent most frequently to those with DTI ratios of Exempt%, with 124 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 105 $6,735,000 $64,143 $0 0.00%
    Not applicable 8 $550,000 $68,750 $0 0.00%
    Asian 1 $405,000 $405,000 $0 0.00%
    Black 10 $400,000 $40,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.67%

    The Samson Banking Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.71%

    The Samson Banking Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 124 $8,090,000 $65,242

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    124 $8,090,000 $65,242

    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 $33,116
    The Samson Banking Company, Inc. 2 West Main Street Samson, AL 36477 Full Service B&M $62,048

    For 2021, The Samson Banking Company had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,201
    Net interest income $4,041
    Total noninterest income $2,435
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $305
    Trading account gains and fees $0
    Additional Noninterest Income $2,130
    Pre-tax net operating income $3,677
    Securities gains (or losses, -) $14
    Income before extraordinary items $3,483
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,483
    Minority interest net income $0
    Net income $3,483
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,469

    The Samson Banking Company's gross interest income from loans was $4,201,000.
    The Samson Banking Company's net interest income from loans was $4,041,000.
    The Samson Banking Company's fee based income from loans was $305,000.
    The Samson Banking Company's net income from loans was $3,483,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $160
    Provision for credit losses $37
    Total noninterest expense $2,762
    Salaries and employee benefits $1,468
    Premises and equipment expense $250
    Additional noninterest expense $1,044
    Applicable income taxes $208
    Net charge-offs $-4
    Cash dividends $1,400

    The Samson Banking Company's interest expense for loans was $160,000.
    The Samson Banking Company's payroll and benefits expense were $1,468,000.
    The Samson Banking Company's property, plant and equipment expenses $250,000.

    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 $98,507
    Deposits held in domestic offices $98,507
    Deposits by Individuals, partnerships, and corporations $92,465
    Deposits by U.S. Government $1,240
    Deposits by States and political subdivisions in the U.S. $4,802
    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 $49,752
    Demand deposits $31,906
    Nontransaction accounts $48,755
    Money market deposit accounts (MMDAs) $9,009
    Other savings deposits (excluding MMDAs) $18,555
    Total time deposits $21,191
    Total time and savings deposits $66,601
    Noninterest-bearing deposits $31,906
    Interest-bearing deposits $66,601
    Retail deposits $95,602
    IRAs and Keogh plan accounts $5,574
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $112,865
    Cash & Balances due from depository institutions $22,313
    Interest-bearing balances $20,719
    Total securities $45,749
    Federal funds sold & reverse repurchase $0
    Net loans and leases $43,077
    Loan and leases loss allowance $600
    Trading account assets $0
    Bank premises and fixed assets $1,083
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $643

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $112,865
    Total Liabilities $98,855
    Total deposits $98,507
    Interest-bearing deposits $66,601
    Deposits held in domestic offices $98,507
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $348

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $43,077
    Loan and leases loss allowance $600
    Total loans and leases (domestic) $43,677
    All real estate loans $29,483
    Real estate loans in domestic offices $29,483
    Construction and development loans $2,589
    Residential 1-4 family construction $771
    Other construction, all land development and other land $1,818
    Loans secured by nonfarm nonresidential properties $4,183
    Nonfarm nonresidential secured by owner-occupied properties $4,183
    Commercial real estate & other non-farm, non-residential $0
    Multifamily residential real estate $108
    1-4 family residential loans $18,662
    Farmland loans $3,941
    Loans held in foreign offices $0
    Farm loans $329
    Commercial and industrial loans $7,987
    To non-U.S. addressees $0
    Loans to individuals $5,730
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $3,272
    Other loans to individuals $2,458
    All other loans & leases $148
    Loans to foreign governments and official institutions $0
    Other loans $27
    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 $43,077,000 of loans outstanding in 2021. $29,483,000 of loans were in real estate loans. $2,589,000 of loans were in development loans. $108,000 of loans were in multifamily mortgage loans. $18,662,000 of loans were in 1-4 family mortgage loans. $329,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,272,000 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 41 $4,183 $102,024
    Nonfarm, nonresidential loans - <$100k 32 $1,381 $43,156
    Nonfarm, nonresidential loans - $100-250k 5 $693 $138,600
    Nonfarm, nonresidential loans - $250k-1MM 4 $2,109 $527,250
    Commercial & Industrial, US addressed loans - <$1MM 282 $3,255 $11,543
    Commercial & Industrial, US addressed loans - <$100k 272 $1,422 $5,228
    Commercial & Industrial, US addressed loans - $100-250k 9 $1,425 $158,333
    Commercial & Industrial, US addressed loans - $250k-1MM 1 $408 $408,000
    Farmland loans - <$1MM 64 $3,941 $61,578
    Farmland loans - <$100k 53 $2,058 $38,830
    Farmland loans - $100-250k 10 $1,483 $148,300
    Farmland loans - $250k-1MM 1 $400 $400,000
    Agriculture operations loans - <$1MM 8 $329 $41,125
    Agriculture operations loans - <$100k 7 $79 $11,286
    Agriculture operations loans - $100-250k 1 $250 $250,000