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: Birmingham, Tuscaloosa, Panama City, and Daphne among others. We have data for 5 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 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

    66

    Origination Dollar Volume (All Markets)

    $28,630,000

    Employee count

    84

    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) 14 $13,170,000 $940,714 $0 0.00%
    TUSCALOOSA, AL (FHA|USDA|VA) 24 $6,530,000 $272,083 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $4,925,000 $4,925,000 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 5 $2,305,000 $461,000 $0 0.00%
    Outside of Metro Areas 22 $1,700,000 $77,273 $0 0.00%
    Robertson Banking Company's top markets include Birmingham, Tuscaloosa, Panama City, and Daphne 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 66 $28,630,000 $433,788 $0 0.00%

    For 2020, Robertson Banking Company's most frequently originated type of loan was Conventional, with 66 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 48 $15,950,000 $332,292 $0 0.00%
    Home Purchase 18 $12,680,000 $704,444 $0 0.00%

    For 2020, Robertson Banking Company's most frequently cited loan purpose was Refi, with 48 originations. The 2nd most popular reason was Home Purchase, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 66 $28,630,000 $433,788 $0 0.00%

    For 2020, Robertson Banking Company's most frequently cited loan duration was Other, with 66 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 29 $1,465,000 $50,517 $0 0.00%
    $100k-200k 12 $1,740,000 $145,000 $0 0.00%
    $200k-400k 12 $3,320,000 $276,667 $0 0.00%
    $600k-1MM 6 $5,070,000 $845,000 $0 0.00%
    $1MM+ 4 $15,620,000 $3,905,000 $0 0.00%
    $400k-600k 3 $1,415,000 $471,667 $0 0.00%

    2020 saw Robertson Banking Company place emphasis on $100,000 or less loans with 29 originations, totaling $1,465,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 7 $525,000 $75,000 $0 0.00%
    $50k or less 6 $240,000 $40,000 $0 0.00%
    $150k-250k 4 $710,000 $177,500 $0 0.00%
    $75k-100k 4 $400,000 $100,000 $0 0.00%
    $250k+ 3 $1,185,000 $395,000 $0 0.00%
    $100k-150k 2 $190,000 $95,000 $0 0.00%

    Robertson Banking Company lent most frequently to those with incomes in the $50k-75k range, with 7 originations. The second most popular income band? $50k or less, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 66 $28,630,000 $433,788 $0 0.00%

    Robertson Banking Company lent most frequently to those with DTI ratios of Exempt%, with 66 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 32 $23,150,000 $723,438 $0 0.00%
    White 25 $4,835,000 $193,400 $0 0.00%
    Black 7 $455,000 $65,000 $0 0.00%
    Not provided 2 $190,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.36%

    Robertson Banking Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.36%

    Robertson Banking Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 66 $28,630,000 $433,788

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $17,790,000 $1,779,000
    Single Family (1-4 Units):Site-Built 56 $10,840,000 $193,571

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Robertson Banking Company 1400 Greensboro Avenue Tuscaloosa, AL 35401 Full Service B&M $46,163
    Robertson Banking Company 1406 Highway 80 West Demopolis, AL 36732 Full Service B&M $30,972
    Robertson Banking Company 1801 5th Avenue North, Suite 100 Birmingham, AL 35203 Full Service B&M $17,785
    Robertson Banking Company 1835 Mcfarland Blvd N Tuscaloosa, AL 35406 Full Service B&M $19,299
    Robertson Banking Company 209 East Coats Avenue Linden, AL 36748 Full Service B&M $11,503
    Robertson Banking Company 216 North Walnut Avenue Demopolis, AL 36732 Full Service B&M $210,067
    Robertson Banking Company 6510 2nd Avenue Thomaston, AL 36783 Full Service B&M $10,056

    For 2020, Robertson Banking Company had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,923
    Net interest income $11,922
    Total noninterest income $2,305
    Gross Fiduciary activities income $190
    Service charges on deposit accounts $881
    Trading account gains and fees $0
    Additional Noninterest Income $1,234
    Pre-tax net operating income $4,807
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,568
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,568
    Minority interest net income $0
    Net income $4,568
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,568

    Robertson Banking Company's gross interest income from loans was $13,923,000.
    Robertson Banking Company's net interest income from loans was $11,922,000.
    Robertson Banking Company's fee based income from loans was $881,000.
    Robertson Banking Company's net income from loans was $4,568,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,001
    Provision for credit losses $500
    Total noninterest expense $8,920
    Salaries and employee benefits $5,278
    Premises and equipment expense $1,185
    Additional noninterest expense $2,457
    Applicable income taxes $239
    Net charge-offs $122
    Cash dividends $3,713

    Robertson Banking Company's interest expense for loans was $2,001,000.
    Robertson Banking Company's payroll and benefits expense were $5,278,000.
    Robertson Banking Company's property, plant and equipment expenses $1,185,000.

    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 $335,681
    Deposits held in domestic offices $335,681
    Deposits by Individuals, partnerships, and corporations $301,850
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $33,250
    Deposits by Commercial banks and other depository institutions in U.S. $581
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $147,288
    Demand deposits $88,476
    Nontransaction accounts $188,393
    Money market deposit accounts (MMDAs) $57,742
    Other savings deposits (excluding MMDAs) $33,785
    Total time deposits $96,866
    Total time and savings deposits $247,205
    Noninterest-bearing deposits $88,474
    Interest-bearing deposits $247,207
    Retail deposits $306,770
    IRAs and Keogh plan accounts $17,187
    Brokered deposits $9,209
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $373,358
    Cash & Balances due from depository institutions $45,589
    Interest-bearing balances $25,334
    Total securities $44,601
    Federal funds sold & reverse repurchase $0
    Net loans and leases $271,739
    Loan and leases loss allowance $3,899
    Trading account assets $0
    Bank premises and fixed assets $3,903
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $7,526

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $373,358
    Total Liabilities $338,014
    Total deposits $335,681
    Interest-bearing deposits $247,207
    Deposits held in domestic offices $335,681
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,000
    Subordinated debt $0
    All other liabilities $1,333

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $271,739
    Loan and leases loss allowance $3,899
    Total loans and leases (domestic) $275,638
    All real estate loans $223,578
    Real estate loans in domestic offices $223,578
    Construction and development loans $8,951
    Residential 1-4 family construction $2,571
    Other construction, all land development and other land $6,380
    Loans secured by nonfarm nonresidential properties $95,705
    Nonfarm nonresidential secured by owner-occupied properties $39,800
    Commercial real estate & other non-farm, non-residential $55,905
    Multifamily residential real estate $31,933
    1-4 family residential loans $72,209
    Farmland loans $14,780
    Loans held in foreign offices $0
    Farm loans $1,610
    Commercial and industrial loans $41,077
    To non-U.S. addressees $0
    Loans to individuals $3,821
    Credit card loans $0
    Related Plans $1,060
    Consumer Auto Loans $374
    Other loans to individuals $2,387
    All other loans & leases $5,552
    Loans to foreign governments and official institutions $0
    Other loans $37
    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 $75
    Non 1-4 family restructured loans & leases $46
    Total loans and leases (foreign) $0

    Robertson Banking Company had $271,739,000 of loans outstanding in 2020. $223,578,000 of loans were in real estate loans. $8,951,000 of loans were in development loans. $31,933,000 of loans were in multifamily mortgage loans. $72,209,000 of loans were in 1-4 family mortgage loans. $1,610,000 of loans were in farm loans. $0 of loans were in credit card loans. $374,000 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 149 $30,371 $203,832
    Nonfarm, nonresidential loans - <$100k 46 $1,597 $34,717
    Nonfarm, nonresidential loans - $100-250k 45 $5,108 $113,511
    Nonfarm, nonresidential loans - $250k-1MM 58 $23,666 $408,034
    Commercial & Industrial, US addressed loans - <$1MM 464 $23,583 $50,825
    Commercial & Industrial, US addressed loans - <$100k 368 $9,405 $25,557
    Commercial & Industrial, US addressed loans - $100-250k 76 $8,249 $108,539
    Commercial & Industrial, US addressed loans - $250k-1MM 20 $5,929 $296,450
    Farmland loans - <$1MM 96 $11,665 $121,510
    Farmland loans - <$100k 43 $1,059 $24,628
    Farmland loans - $100-250k 29 $2,815 $97,069
    Farmland loans - $250k-1MM 24 $7,791 $324,625
    Agriculture operations loans - <$1MM 49 $1,610 $32,857
    Agriculture operations loans - <$100k 42 $820 $19,524
    Agriculture operations loans - $100-250k 7 $790 $112,857