Robertson Banking Company Mortgage Rates, Fees & Info

Demopolis, AL

LEI: 549300QUWFE9UINQOY10

Tax ID: 63-0177390

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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

    Robertson Banking Company is a smaller bank specializing in Refi and Home Purchase loans. Robertson Banking Company has a high proportion of conventional loans. Their top markets by origination volume include: Tuscaloosa, Birmingham, Montgomery, Pensacola, and Crestview among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Robertson Banking Company has an above average approval rate when compared to the average across all lenders. They have an above 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

    138

    Origination Dollar Volume (All Markets)

    $23,050,000

    Employee count

    75

    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
    TUSCALOOSA, AL (FHA|USDA|VA) 57 $10,225,000 $179,386 $0 0.00%
    Outside of Metro Areas 61 $6,025,000 $98,770 $0 0.00%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 13 $5,695,000 $438,077 $0 0.00%
    MONTGOMERY, AL (FHA|USDA|VA) 3 $345,000 $115,000 $0 0.00%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Selma, AL (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Robertson Banking Company's top markets include Tuscaloosa, Birmingham, Montgomery, Pensacola, 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 138 $23,050,000 $167,029 $0 0.00%

    For 2018, Robertson Banking Company's most frequently originated type of loan was Conventional, with 138 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 80 $11,270,000 $140,875 $0 0.00%
    Home Purchase 47 $11,125,000 $236,702 $0 0.00%
    Home Improvement 7 $165,000 $23,571 $0 0.00%
    Other 2 $110,000 $55,000 $0 0.00%
    Cash Out Refi 2 $380,000 $190,000 $0 0.00%

    For 2018, Robertson Banking Company's most frequently cited loan purpose was Refi, with 80 originations. The 2nd most popular reason was Home Purchase, with 47 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 138 $23,050,000 $167,029 $0 0.00%

    For 2018, Robertson Banking Company's most frequently cited loan duration was Other, with 138 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 75 $3,635,000 $48,467 $0 0.00%
    $100k-200k 33 $4,765,000 $144,394 $0 0.00%
    $200k-400k 21 $5,355,000 $255,000 $0 0.00%
    $400k-600k 4 $2,170,000 $542,500 $0 0.00%
    $600k-1MM 3 $2,085,000 $695,000 $0 0.00%
    $1MM+ 2 $5,040,000 $2,520,000 $0 0.00%

    2018 saw Robertson Banking Company place emphasis on $100,000 or less loans with 75 originations, totaling $3,635,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 24 $1,340,000 $55,833 $0 0.00%
    $50k-75k 19 $1,455,000 $76,579 $0 0.00%
    $100k-150k 16 $1,880,000 $117,500 $0 0.00%
    $75k-100k 15 $1,475,000 $98,333 $0 0.00%
    $150k-250k 11 $1,545,000 $140,455 $0 0.00%
    $250k+ 4 $400,000 $100,000 $0 0.00%

    Robertson Banking Company lent most frequently to those with incomes in the $50k or less range, with 24 originations. The second most popular income band? $50k-75k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 138 $23,050,000 $167,029 $0 0.00%

    Robertson Banking Company lent most frequently to those with DTI ratios of Exempt%, with 138 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 37 $12,775,000 $345,270 $0 0.00%
    White 76 $8,730,000 $114,868 $0 0.00%
    Black 23 $1,175,000 $51,087 $0 0.00%
    Asian Indian 1 $305,000 $305,000 $0 0.00%
    Chinese 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.26%

    Robertson Banking Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.10%

    Robertson Banking Company has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 138 $23,050,000 $167,029

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $6,775,000 $1,355,000
    Single Family (1-4 Units):Manufactured 9 $645,000 $71,667
    Single Family (1-4 Units):Site-Built 124 $15,630,000 $126,048

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Robertson Banking Company 1206 Highway 80 West Demopolis, AL 36732 Full Service B&M $27,208
    Robertson Banking Company 1400 Greensboro Avenue Tuscaloosa, AL 35401 Full Service B&M $35,735
    Robertson Banking Company 1801 5th Avenue North Birmingham, AL 35203 Full Service B&M $8,431
    Robertson Banking Company 1835 Mcfarland Blvd N Tuscaloosa, AL 35406 Full Service B&M $14,246
    Robertson Banking Company 209 East Coats Avenue Linden, AL 36748 Full Service B&M $8,996
    Robertson Banking Company 216 North Walnut Avenue Demopolis, AL 36732 Full Service B&M $164,337
    Robertson Banking Company 6510 2nd Avenue Thomaston, AL 36783 Full Service B&M $8,150

    For 2018, Robertson Banking Company had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,536
    Net interest income $11,748
    Total noninterest income $2,524
    Gross Fiduciary activities income $192
    Service charges on deposit accounts $1,219
    Trading account gains and fees $0
    Additional Noninterest Income $1,113
    Pre-tax net operating income $5,056
    Securities gains (or losses, -) $-44
    Income before extraordinary items $4,692
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,692
    Minority interest net income $0
    Net income $4,692
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,733

    Robertson Banking Company's gross interest income from loans was $13,536,000.
    Robertson Banking Company's net interest income from loans was $11,748,000.
    Robertson Banking Company's fee based income from loans was $1,219,000.
    Robertson Banking Company's net income from loans was $4,692,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,788
    Provision for credit losses $805
    Total noninterest expense $8,411
    Salaries and employee benefits $5,120
    Premises and equipment expense $1,266
    Additional noninterest expense $2,025
    Applicable income taxes $320
    Net charge-offs $39
    Cash dividends $2,763

    Robertson Banking Company's interest expense for loans was $1,788,000.
    Robertson Banking Company's payroll and benefits expense were $5,120,000.
    Robertson Banking Company's property, plant and equipment expenses $1,266,000.

    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 $259,785
    Deposits held in domestic offices $259,785
    Deposits by Individuals, partnerships, and corporations $232,329
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $26,443
    Deposits by Commercial banks and other depository institutions in U.S. $1,010
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $102,124
    Demand deposits $61,845
    Nontransaction accounts $157,660
    Money market deposit accounts (MMDAs) $39,357
    Other savings deposits (excluding MMDAs) $25,993
    Total time deposits $92,310
    Total time and savings deposits $197,939
    Noninterest-bearing deposits $61,845
    Interest-bearing deposits $197,940
    Retail deposits $232,210
    IRAs and Keogh plan accounts $16,844
    Brokered deposits $11,036
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $304,453
    Cash & Balances due from depository institutions $20,358
    Interest-bearing balances $6,599
    Total securities $28,338
    Federal funds sold & reverse repurchase $0
    Net loans and leases $243,322
    Loan and leases loss allowance $3,056
    Trading account assets $0
    Bank premises and fixed assets $4,265
    Other real estate owned $140
    Goodwill and other intangibles $0
    All other assets $8,030

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $304,453
    Total Liabilities $273,139
    Total deposits $259,785
    Interest-bearing deposits $197,940
    Deposits held in domestic offices $259,785
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $12,000
    Subordinated debt $0
    All other liabilities $1,354

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $243,322
    Loan and leases loss allowance $3,056
    Total loans and leases (domestic) $246,378
    All real estate loans $211,379
    Real estate loans in domestic offices $211,379
    Construction and development loans $17,949
    Residential 1-4 family construction $2,672
    Other construction, all land development and other land $15,277
    Loans secured by nonfarm nonresidential properties $73,146
    Nonfarm nonresidential secured by owner-occupied properties $32,261
    Commercial real estate & other non-farm, non-residential $40,885
    Multifamily residential real estate $22,848
    1-4 family residential loans $74,796
    Farmland loans $22,640
    Loans held in foreign offices $0
    Farm loans $2,443
    Commercial and industrial loans $22,381
    To non-U.S. addressees $0
    Loans to individuals $5,300
    Credit card loans $0
    Related Plans $1,249
    Consumer Auto Loans $479
    Other loans to individuals $3,572
    All other loans & leases $4,875
    Loans to foreign governments and official institutions $0
    Other loans $145
    Loans to depository institutions and acceptances of other banks $500
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $8
    Non 1-4 family restructured loans & leases $8
    Total loans and leases (foreign) $0

    Robertson Banking Company had $243,322,000 of loans outstanding in 2018. $211,379,000 of loans were in real estate loans. $17,949,000 of loans were in development loans. $22,848,000 of loans were in multifamily mortgage loans. $74,796,000 of loans were in 1-4 family mortgage loans. $2,443,000 of loans were in farm loans. $0 of loans were in credit card loans. $479,000 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 163 $29,738 $182,442
    Nonfarm, nonresidential loans - <$100k 55 $2,068 $37,600
    Nonfarm, nonresidential loans - $100-250k 47 $5,556 $118,213
    Nonfarm, nonresidential loans - $250k-1MM 61 $22,114 $362,525
    Commercial & Industrial, US addressed loans - <$1MM 351 $15,879 $45,239
    Commercial & Industrial, US addressed loans - <$100k 270 $5,266 $19,504
    Commercial & Industrial, US addressed loans - $100-250k 57 $5,463 $95,842
    Commercial & Industrial, US addressed loans - $250k-1MM 24 $5,150 $214,583
    Farmland loans - <$1MM 128 $13,508 $105,531
    Farmland loans - <$100k 62 $1,906 $30,742
    Farmland loans - $100-250k 44 $5,026 $114,227
    Farmland loans - $250k-1MM 22 $6,576 $298,909
    Agriculture operations loans - <$1MM 82 $2,443 $29,793
    Agriculture operations loans - <$100k 73 $1,263 $17,301
    Agriculture operations loans - $100-250k 7 $811 $115,857
    Agriculture operations loans - $250k-1MM 2 $369 $184,500