Rosedale Federal Savings And Loan Association Mortgage Rates, Fees & Info

Nottingham, MD

LEI: 549300YHPEPV6KF30T16

Tax ID: 52-0465075

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Rosedale Federal Savings And Loan Association is a smaller mortgage company specializing in Refi and Home Purchase loans. Rosedale Federal Savings And Loan Association has a high proportion of conventional loans. Their top markets include Baltimore, Salisbury, Easton, Philadelphia, and Washington among others. Rosedale Federal Savings And Loan Association has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

310

Origination Dollar Volume (All Markets)

$94,750,000

Employee count

121

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 292 $87,440,000 $299,452 $0 0.00%
SALISBURY, MD-DE (FHA|USDA|VA) 9 $2,875,000 $319,444 $0 0.00%
Easton, MD (FHA|USDA|VA) 2 $2,500,000 $1,250,000 $0 0.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $975,000 $325,000 $0 0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $730,000 $365,000 $0 0.00%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%

Rosedale Federal Savings And Loan Association's top markets include Baltimore, Salisbury, Easton, Philadelphia, and Washington among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 310 $94,750,000 $305,645 $0 0.00%

For the 2021 period, Rosedale Federal Savings And Loan Association's most frequently originated loan type of loans were Conventional, with 310 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 231 $67,655,000 $292,879 $0 0.00%
Home Purchase 74 $25,820,000 $348,919 $0 0.00%
Home Improvement 3 $725,000 $241,667 $0 0.00%
Other 2 $550,000 $275,000 $0 0.00%

For the 2021, Rosedale Federal Savings And Loan Association's most frequently cited loan purpose of loans were Refi, with 231 originations. The 2nd most popular reason of loans were Home Purchase, with 74 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 310 $94,750,000 $305,645 $0 0.00%

For the 2021, Rosedale Federal Savings And Loan Association's most frequently cited loan length of loans were Other, with 310 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 149 $41,895,000 $281,174 $0 0.00%
$100k-200k 83 $12,735,000 $153,434 $0 0.00%
$400k-600k 37 $17,295,000 $467,432 $0 0.00%
$600k-1MM 20 $14,440,000 $722,000 $0 0.00%
$100,000 or less 15 $1,235,000 $82,333 $0 0.00%
$1MM+ 6 $7,150,000 $1,191,667 $0 0.00%

2021 saw Rosedale Federal Savings And Loan Association place emphasis on $200k-400k loans with 149 originations, totaling $41,895,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 83 $23,935,000 $288,373 $0 0.00%
$150k-250k 60 $25,260,000 $421,000 $0 0.00%
$50k-75k 53 $12,195,000 $230,094 $0 0.00%
$75k-100k 45 $10,285,000 $228,556 $0 0.00%
$250k+ 31 $16,745,000 $540,161 $0 0.00%
$50k or less 31 $4,785,000 $154,355 $0 0.00%

Rosedale Federal Savings And Loan Association lent most frequently to those with incomes in the $100k-150k range, with 83 originations. The second most popular income band? $150k-250k, with 60 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 310 $94,750,000 $305,645 $0 0.00%

Rosedale Federal Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 310 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 258 $77,770,000 $301,434 $0 0.00%
Black 25 $7,235,000 $289,400 $0 0.00%
Not provided 19 $6,785,000 $357,105 $0 0.00%
Asian 7 $2,605,000 $372,143 $0 0.00%
American Indian 1 $355,000 $355,000 $0 0.00%

Approval Rates

Total approvals of all applications
92.06%

Rosedale Federal Savings And Loan Association has an average approval rate.

Pick Rate

Approvals leading to origination
75.89%

Rosedale Federal Savings And Loan Association has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 310 $94,750,000 $305,645

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
310 $94,750,000 $305,645

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Rosedale Federal Savings and Loan Association 8552 Philadelphia Road Rosedale, MD 21237 Full Service B&M $124,236
Rosedale Federal Savings and Loan Association 1009 Churchville Road Bel Air, MD 21014 Full Service B&M $60,269
Rosedale Federal Savings and Loan Association 104 Forest Valley Drive Forest Hill, MD 21050 Full Service B&M $50,726
Rosedale Federal Savings and Loan Association 1301 Merritt Boulevard Dundalk, MD 21222 Full Service B&M $19,704
Rosedale Federal Savings and Loan Association 3111 Emmorton Road Abingdon, MD 21009 Full Service B&M $43,705
Rosedale Federal Savings and Loan Association 6708 Belair Road Baltimore, MD 21206 Full Service B&M $92,419
Rosedale Federal Savings and Loan Association 6810 York Road Baltimore, MD 21212 Full Service B&M $109,074
Rosedale Federal Savings and Loan Association 7939 Honeygo Boulevard Nottingham, MD 21236 Full Service B&M $89,268
Rosedale Federal Savings and Loan Association 9616 Belair Road Nottingham, MD 21236 Full Service B&M $5,439
Rosedale Federal Savings and Loan Association 9616 Belair Road Nottingham, MD 21236 Full Service B&M $202,942

For 2021, Rosedale Federal Savings And Loan Association had 10 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $31,513
Net interest income $25,868
Total noninterest income $526
Gross Fiduciary activities income $0
Service charges on deposit accounts $51
Trading account gains and fees $0
Additional Noninterest Income $475
Pre-tax net operating income $7,799
Securities gains (or losses, -) $0
Income before extraordinary items $5,794
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $5,794
Minority interest net income $0
Net income $5,794
Sale, conversion, retirement of capital stock, net $0
Net operating income $5,794

Rosedale Federal Savings And Loan Association's gross interest income from loans was $31,513,000.
Rosedale Federal Savings And Loan Association's net interest income from loans was $25,868,000.
Rosedale Federal Savings And Loan Association's fee based income from loans was $51,000.
Rosedale Federal Savings And Loan Association's net income from loans was $5,794,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $5,645
Provision for credit losses $-972
Total noninterest expense $19,567
Salaries and employee benefits $11,174
Premises and equipment expense $2,094
Additional noninterest expense $6,299
Applicable income taxes $2,005
Net charge-offs $-161
Cash dividends $0

Rosedale Federal Savings And Loan Association's interest expense for loans was $5,645,000.
Rosedale Federal Savings And Loan Association's payroll and benefits expense were $11,174,000.
Rosedale Federal Savings And Loan Association's property, plant and equipment expenses $2,094,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 1.0%
Real Estate loans 1.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 3.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 1.0%
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 $800,673
Deposits held in domestic offices $800,673
Deposits by Individuals, partnerships, and corporations $800,223
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $0
Deposits by Commercial banks and other depository institutions in U.S. $450
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $76,843
Demand deposits $76,843
Nontransaction accounts $723,830
Money market deposit accounts (MMDAs) $46,312
Other savings deposits (excluding MMDAs) $350,547
Total time deposits $326,971
Total time and savings deposits $723,830
Noninterest-bearing deposits $30,620
Interest-bearing deposits $770,053
Retail deposits $762,784
IRAs and Keogh plan accounts $86,735
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,058,278
Cash & Balances due from depository institutions $132,216
Interest-bearing balances $130,104
Total securities $224,471
Federal funds sold & reverse repurchase $0
Net loans and leases $657,657
Loan and leases loss allowance $6,556
Trading account assets $0
Bank premises and fixed assets $24,013
Other real estate owned $72
Goodwill and other intangibles $101
All other assets $19,748

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,058,278
Total Liabilities $803,413
Total deposits $800,673
Interest-bearing deposits $770,053
Deposits held in domestic offices $800,673
% insured (estimated) $94
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $2,740

Issued Loan Types

Type Value (in 000's)
Net loans and leases $657,657
Loan and leases loss allowance $6,556
Total loans and leases (domestic) $664,213
All real estate loans $661,879
Real estate loans in domestic offices $661,879
Construction and development loans $43,782
Residential 1-4 family construction $7,440
Other construction, all land development and other land $36,342
Loans secured by nonfarm nonresidential properties $204,641
Nonfarm nonresidential secured by owner-occupied properties $18,849
Commercial real estate & other non-farm, non-residential $185,792
Multifamily residential real estate $9,006
1-4 family residential loans $404,450
Farmland loans $0
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $2,251
To non-U.S. addressees $0
Loans to individuals $78
Credit card loans $0
Related Plans $0
Consumer Auto Loans $0
Other loans to individuals $78
All other loans & leases $5
Loans to foreign governments and official institutions $0
Other loans $5
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 $12,673
Non 1-4 family restructured loans & leases $8,478
Total loans and leases (foreign) $0

Rosedale Federal Savings and Loan Association had $657,657,000 of loans outstanding in 2021. $661,879,000 of loans were in real estate loans. $43,782,000 of loans were in development loans. $9,006,000 of loans were in multifamily mortgage loans. $404,450,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 94 $29,188 $310,511
Nonfarm, nonresidential loans - <$100k 3 $78 $26,000
Nonfarm, nonresidential loans - $100-250k 25 $3,132 $125,280
Nonfarm, nonresidential loans - $250k-1MM 66 $25,978 $393,606
Commercial & Industrial, US addressed loans - <$1MM 18 $2,251 $125,056
Commercial & Industrial, US addressed loans - <$100k 9 $222 $24,667
Commercial & Industrial, US addressed loans - $100-250k 6 $905 $150,833
Commercial & Industrial, US addressed loans - $250k-1MM 3 $1,124 $374,667