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 Home Purchase and Refi loans. Robertson Banking Company has a high proportion of conventional loans. Their top markets by origination volume include: Birmingham, Tuscaloosa, Daphne, Montgomery, and Selma among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Robertson 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.

    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

    97

    Origination Dollar Volume (All Markets)

    $24,545,000

    Employee count

    76

    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
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 20 $12,200,000 $610,000 $0 0.00%
    TUSCALOOSA, AL (FHA|USDA|VA) 40 $8,300,000 $207,500 $0 0.00%
    Outside of Metro Areas 31 $2,475,000 $79,839 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 3 $1,385,000 $461,667 $0 0.00%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Selma, AL (FHA|USDA|VA) 2 $70,000 $35,000 $0 0.00%
    Robertson Banking Company's top markets include Birmingham, Tuscaloosa, Daphne, Montgomery, and Selma among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 97 $24,545,000 $253,041 $0 0.00%

    For 2019, Robertson Banking Company's most frequently originated type of loan was Conventional, with 97 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 45 $18,205,000 $404,556 $0 0.00%
    Refi 45 $5,825,000 $129,444 $0 0.00%
    Other 5 $355,000 $71,000 $0 0.00%
    Home Improvement 2 $160,000 $80,000 $0 0.00%

    For 2019, Robertson Banking Company's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Refi, with 45 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 97 $24,545,000 $253,041 $0 0.00%

    For 2019, Robertson Banking Company's most frequently cited loan duration was Other, with 97 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 48 $2,800,000 $58,333 $0 0.00%
    $100k-200k 31 $4,715,000 $152,097 $0 0.00%
    $200k-400k 10 $2,710,000 $271,000 $0 0.00%
    $1MM+ 4 $11,770,000 $2,942,500 $0 0.00%
    $400k-600k 2 $860,000 $430,000 $0 0.00%
    $600k-1MM 2 $1,690,000 $845,000 $0 0.00%

    2019 saw Robertson Banking Company place emphasis on $100,000 or less loans with 48 originations, totaling $2,800,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 14 $830,000 $59,286 $0 0.00%
    $50k-75k 13 $1,165,000 $89,615 $0 0.00%
    $100k-150k 11 $1,155,000 $105,000 $0 0.00%
    $75k-100k 6 $810,000 $135,000 $0 0.00%
    $150k-250k 3 $655,000 $218,333 $0 0.00%
    $250k+ 3 $1,335,000 $445,000 $0 0.00%

    Robertson Banking Company lent most frequently to those with incomes in the $50k or less range, with 14 originations. The second most popular income band? $50k-75k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 97 $24,545,000 $253,041 $0 0.00%

    Robertson Banking Company lent most frequently to those with DTI ratios of Exempt%, with 97 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 41 $17,985,000 $438,659 $0 0.00%
    White 42 $5,690,000 $135,476 $0 0.00%
    Black 13 $825,000 $63,462 $0 0.00%
    Not provided 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.34%

    Robertson Banking Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.63%

    Robertson Banking Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 97 $24,545,000 $253,041

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $13,575,000 $1,508,333
    Single Family (1-4 Units):Manufactured 4 $140,000 $35,000
    Single Family (1-4 Units):Site-Built 84 $10,830,000 $128,929

    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 $28,225
    Robertson Banking Company 1400 Greensboro Avenue Tuscaloosa, AL 35401 Full Service B&M $38,777
    Robertson Banking Company 1801 5th Avenue North, Suite 100 Birmingham, AL 35203 Full Service B&M $13,053
    Robertson Banking Company 1835 Mcfarland Blvd N Tuscaloosa, AL 35406 Full Service B&M $15,498
    Robertson Banking Company 209 East Coats Avenue Linden, AL 36748 Full Service B&M $8,874
    Robertson Banking Company 216 North Walnut Avenue Demopolis, AL 36732 Full Service B&M $165,349
    Robertson Banking Company 6510 2nd Avenue Thomaston, AL 36783 Full Service B&M $8,238

    For 2019, Robertson Banking Company had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,211
    Net interest income $12,631
    Total noninterest income $2,630
    Gross Fiduciary activities income $187
    Service charges on deposit accounts $1,134
    Trading account gains and fees $0
    Additional Noninterest Income $1,309
    Pre-tax net operating income $5,818
    Securities gains (or losses, -) $-4
    Income before extraordinary items $5,434
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,434
    Minority interest net income $0
    Net income $5,434
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,437

    Robertson Banking Company's gross interest income from loans was $15,211,000.
    Robertson Banking Company's net interest income from loans was $12,631,000.
    Robertson Banking Company's fee based income from loans was $1,134,000.
    Robertson Banking Company's net income from loans was $5,434,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,580
    Provision for credit losses $500
    Total noninterest expense $8,943
    Salaries and employee benefits $5,421
    Premises and equipment expense $1,328
    Additional noninterest expense $2,194
    Applicable income taxes $380
    Net charge-offs $35
    Cash dividends $3,815

    Robertson Banking Company's interest expense for loans was $2,580,000.
    Robertson Banking Company's payroll and benefits expense were $5,421,000.
    Robertson Banking Company's property, plant and equipment expenses $1,328,000.

    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 $284,209
    Deposits held in domestic offices $284,209
    Deposits by Individuals, partnerships, and corporations $254,398
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $28,684
    Deposits by Commercial banks and other depository institutions in U.S. $1,127
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $113,597
    Demand deposits $66,353
    Nontransaction accounts $170,612
    Money market deposit accounts (MMDAs) $46,194
    Other savings deposits (excluding MMDAs) $27,019
    Total time deposits $97,399
    Total time and savings deposits $217,856
    Noninterest-bearing deposits $66,354
    Interest-bearing deposits $217,855
    Retail deposits $254,858
    IRAs and Keogh plan accounts $16,589
    Brokered deposits $8,228
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $327,866
    Cash & Balances due from depository institutions $35,284
    Interest-bearing balances $19,751
    Total securities $27,815
    Federal funds sold & reverse repurchase $0
    Net loans and leases $253,113
    Loan and leases loss allowance $3,521
    Trading account assets $0
    Bank premises and fixed assets $4,100
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $7,554

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $327,866
    Total Liabilities $294,635
    Total deposits $284,209
    Interest-bearing deposits $217,855
    Deposits held in domestic offices $284,209
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $9,000
    Subordinated debt $0
    All other liabilities $1,426

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $253,113
    Loan and leases loss allowance $3,521
    Total loans and leases (domestic) $256,634
    All real estate loans $221,947
    Real estate loans in domestic offices $221,947
    Construction and development loans $26,192
    Residential 1-4 family construction $4,789
    Other construction, all land development and other land $21,403
    Loans secured by nonfarm nonresidential properties $75,593
    Nonfarm nonresidential secured by owner-occupied properties $30,646
    Commercial real estate & other non-farm, non-residential $44,947
    Multifamily residential real estate $31,236
    1-4 family residential loans $70,667
    Farmland loans $18,259
    Loans held in foreign offices $0
    Farm loans $2,237
    Commercial and industrial loans $22,567
    To non-U.S. addressees $0
    Loans to individuals $4,981
    Credit card loans $0
    Related Plans $1,139
    Consumer Auto Loans $336
    Other loans to individuals $3,506
    All other loans & leases $4,902
    Loans to foreign governments and official institutions $0
    Other loans $312
    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 $186
    Non 1-4 family restructured loans & leases $152
    Total loans and leases (foreign) $0

    Robertson Banking Company had $253,113,000 of loans outstanding in 2019. $221,947,000 of loans were in real estate loans. $26,192,000 of loans were in development loans. $31,236,000 of loans were in multifamily mortgage loans. $70,667,000 of loans were in 1-4 family mortgage loans. $2,237,000 of loans were in farm loans. $0 of loans were in credit card loans. $336,000 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 164 $31,034 $189,232
    Nonfarm, nonresidential loans - <$100k 55 $2,126 $38,655
    Nonfarm, nonresidential loans - $100-250k 49 $5,805 $118,469
    Nonfarm, nonresidential loans - $250k-1MM 60 $23,103 $385,050
    Commercial & Industrial, US addressed loans - <$1MM 296 $12,311 $41,591
    Commercial & Industrial, US addressed loans - <$100k 239 $4,958 $20,745
    Commercial & Industrial, US addressed loans - $100-250k 42 $4,032 $96,000
    Commercial & Industrial, US addressed loans - $250k-1MM 15 $3,321 $221,400
    Farmland loans - <$1MM 108 $11,443 $105,954
    Farmland loans - <$100k 55 $1,525 $27,727
    Farmland loans - $100-250k 34 $4,030 $118,529
    Farmland loans - $250k-1MM 19 $5,888 $309,895
    Agriculture operations loans - <$1MM 65 $2,237 $34,415
    Agriculture operations loans - <$100k 54 $982 $18,185
    Agriculture operations loans - $100-250k 11 $1,255 $114,091