Troy Bank And Trust Company Mortgage Rates, Fees & Info
Troy, ALLEI: 549300N968Y85YXDX139
Tax ID: 63-0212370
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Bank Data
Review & Overview
Troy Bank And Trust Company is a smaller bank specializing in various types of mortgages.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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.36% | 12/16/24 |
| 30 Year Conventional Refi | 6.27% | 12/16/24 |
| 30 Year FHA Purchase | 6.27% | 12/16/24 |
| 30 Year USDA Purchase | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 9.94% | 12/16/24 |
| 15 Year Conventional Refi | 7.01% | 12/16/24 |
| 15 Year Cash-out Refi | 7.01% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Troy Bank And Trust Company Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
0Origination Dollar Volume (All Markets)
$0Employee count
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Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Troy Bank & Trust Company | 1000 Highway 231 South Troy, AL 36081 | Full Service B&M | $537,094 |
| Troy Bank & Trust Company | 108 Mckinnon Street New Brockton, AL 36351 | Full Service B&M | $13,083 |
| Troy Bank & Trust Company | 1110 North Boll Weevil Circle, Suite C Enterprise, AL 36330 | Full Service B&M | $33,494 |
| Troy Bank & Trust Company | 1429 Highway 231 South Troy, AL 36081 | Full Service B&M | $21,305 |
| Troy Bank & Trust Company | 2701 Frederick Road, Suite 101 Opelika, AL 36801 | Full Service B&M | $9,127 |
| Troy Bank & Trust Company | 300 North Three Notch Street Troy, AL 36081 | Full Service B&M | $13,366 |
| Troy Bank & Trust Company | 301 Greenville Avenue Goshen, AL 36035 | Full Service B&M | $2,724 |
| Troy Bank & Trust Company | 425 S.A. Graham Boulevard Brundidge, AL 36010 | Full Service B&M | $26,767 |
| Troy Bank & Trust Company | 429 North Claxton Avenue Elba, AL 36323 | Full Service B&M | $58,879 |
| Troy Bank & Trust Company | 4971 West Main Street Dothan, AL 36305 | Full Service B&M | $54,679 |
| Troy Bank & Trust Company | 6 Atlantic Street Ariton, AL 36311 | Full Service B&M | $7,541 |
For 2018, Troy Bank And Trust Company had 11 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $38,330 |
| Net interest income | $30,593 |
| Total noninterest income | $7,763 |
| Gross Fiduciary activities income | $745 |
| Service charges on deposit accounts | $3,052 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $3,966 |
| Pre-tax net operating income | $14,623 |
| Securities gains (or losses, -) | $189 |
| Income before extraordinary items | $12,752 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $12,752 |
| Minority interest net income | $0 |
| Net income | $12,752 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $12,589 |
Troy Bank And Trust Company's gross interest income from loans was $38,330,000.
Troy Bank And Trust Company's net interest income from loans was $30,593,000.
Troy Bank And Trust Company's fee based income from loans was $3,052,000.
Troy Bank And Trust Company's net income from loans was $12,752,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $7,737 |
| Provision for credit losses | $1,500 |
| Total noninterest expense | $22,233 |
| Salaries and employee benefits | $12,905 |
| Premises and equipment expense | $1,981 |
| Additional noninterest expense | $7,347 |
| Applicable income taxes | $2,060 |
| Net charge-offs | $738 |
| Cash dividends | $2,128 |
Troy Bank And Trust Company's interest expense for loans was $7,737,000.
Troy Bank And Trust Company's payroll and benefits expense were $12,905,000.
Troy Bank And Trust Company's property, plant and equipment expenses $1,981,000.
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 | 1.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 1.0% |
| Credit card loans | 0.0% |
| Other individual loans | 1.0% |
| Auto loans | 1.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $742,928 |
| Deposits held in domestic offices | $742,928 |
| Deposits by Individuals, partnerships, and corporations | $638,072 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $104,310 |
| Deposits by Commercial banks and other depository institutions in U.S. | $546 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $61,864 |
| Demand deposits | $32,875 |
| Nontransaction accounts | $681,064 |
| Money market deposit accounts (MMDAs) | $446,438 |
| Other savings deposits (excluding MMDAs) | $51,044 |
| Total time deposits | $183,580 |
| Total time and savings deposits | $710,053 |
| Noninterest-bearing deposits | $32,875 |
| Interest-bearing deposits | $710,053 |
| Retail deposits | $659,298 |
| IRAs and Keogh plan accounts | $20,104 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $875,923 |
| Cash & Balances due from depository institutions | $29,603 |
| Interest-bearing balances | $3,099 |
| Total securities | $237,091 |
| Federal funds sold & reverse repurchase | $1 |
| Net loans and leases | $563,398 |
| Loan and leases loss allowance | $8,626 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $9,636 |
| Other real estate owned | $5,604 |
| Goodwill and other intangibles | $2,892 |
| All other assets | $27,698 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $875,923 |
| Total Liabilities | $770,938 |
| Total deposits | $742,928 |
| Interest-bearing deposits | $710,053 |
| Deposits held in domestic offices | $742,928 |
| % insured (estimated) | $55 |
| Federal funds purchased and repurchase agreements | $20,829 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $7,181 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $563,398 |
| Loan and leases loss allowance | $8,626 |
| Total loans and leases (domestic) | $572,024 |
| All real estate loans | $422,435 |
| Real estate loans in domestic offices | $422,435 |
| Construction and development loans | $77,870 |
| Residential 1-4 family construction | $12,159 |
| Other construction, all land development and other land | $65,711 |
| Loans secured by nonfarm nonresidential properties | $140,425 |
| Nonfarm nonresidential secured by owner-occupied properties | $73,493 |
| Commercial real estate & other non-farm, non-residential | $66,932 |
| Multifamily residential real estate | $22,979 |
| 1-4 family residential loans | $152,117 |
| Farmland loans | $29,044 |
| Loans held in foreign offices | $0 |
| Farm loans | $9,760 |
| Commercial and industrial loans | $96,985 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $25,958 |
| Credit card loans | $0 |
| Related Plans | $5,745 |
| Consumer Auto Loans | $4,858 |
| Other loans to individuals | $15,355 |
| All other loans & leases | $16,886 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $296 |
| Loans to depository institutions and acceptances of other banks | $2,986 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $5,020 |
| Non 1-4 family restructured loans & leases | $4,614 |
| Total loans and leases (foreign) | $0 |
Troy Bank and Trust Company had $563,398,000 of loans outstanding in 2018. $422,435,000 of loans were in real estate loans. $77,870,000 of loans were in development loans. $22,979,000 of loans were in multifamily mortgage loans. $152,117,000 of loans were in 1-4 family mortgage loans. $9,760,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,858,000 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 | 347 | $61,527 | $177,311 |
| Nonfarm, nonresidential loans - <$100k | 104 | $4,264 | $41,000 |
| Nonfarm, nonresidential loans - $100-250k | 131 | $14,913 | $113,840 |
| Nonfarm, nonresidential loans - $250k-1MM | 112 | $42,350 | $378,125 |
| Commercial & Industrial, US addressed loans - <$1MM | 826 | $49,818 | $60,312 |
| Commercial & Industrial, US addressed loans - <$100k | 612 | $12,489 | $20,407 |
| Commercial & Industrial, US addressed loans - $100-250k | 117 | $10,675 | $91,239 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 97 | $26,654 | $274,784 |
| Farmland loans - <$1MM | 197 | $18,945 | $96,168 |
| Farmland loans - <$100k | 102 | $3,404 | $33,373 |
| Farmland loans - $100-250k | 59 | $6,359 | $107,780 |
| Farmland loans - $250k-1MM | 36 | $9,182 | $255,056 |
| Agriculture operations loans - <$1MM | 290 | $9,754 | $33,634 |
| Agriculture operations loans - <$100k | 254 | $5,367 | $21,130 |
| Agriculture operations loans - $100-250k | 29 | $3,143 | $108,379 |
| Agriculture operations loans - $250k-1MM | 7 | $1,244 | $177,714 |