Royal Bank Mortgage Rates, Fees & Info

Elroy, WI

LEI: 549300YKMWXBZEEA1471

Tax ID: 39-0147700

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Royal Bank is a smaller bank specializing in Home Purchase and Refi loans. Royal Bank has a high proportion of conventional loans. Their top markets by origination volume include: Platteville, Baraboo, Madison, Eau Claire, and Watertown among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Royal Bank 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. Royal Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.61% 4/21/24
    30 Year Conventional Refi 6.34% 4/21/24
    30 Year Cash-out Refi 6.66% 4/21/24
    15 Year Conventional Purchase 6.24% 4/21/24
    15 Year Conventional Refi 6.16% 4/21/24
    15 Year Cash-out Refi 6.16% 4/21/24
    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.

    Royal Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Royal Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    370

    Origination Dollar Volume (All Markets)

    $37,980,000

    Employee count

    116

    Awards

    Royal Bank 30 Year Conventional Loans gold Royal Bank 30 Year Conventional Loans gold
    Show all (2) awards

    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
    Outside of Metro Areas 245 $24,865,000 $101,490 $1,587 5.31%
    Platteville, WI (FHA|USDA|VA) 62 $5,470,000 $88,226 $1,363 5.35%
    Baraboo, WI (FHA|USDA|VA) 28 $3,340,000 $119,286 $1,738 5.19%
    MADISON, WI (FHA|USDA|VA) 29 $3,035,000 $104,655 $1,489 5.28%
    EAU CLAIRE, WI (FHA|USDA|VA) 2 $710,000 $355,000 $1,252 4.44%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $155,000 $155,000 $89 4.95%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $155,000 $155,000 $1,790 4.63%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.50%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $115,000 $115,000 $2,212 4.25%
    Royal Bank's top markets include Platteville, Baraboo, Madison, Eau Claire, and Watertown among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Royal Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    HERITAGE CREDIT UNION
    Similarity Rank: 78
    Royal Bank
    Similarity Rank: 81
    American Trust & Savings Bank
    Similarity Rank: 108
    United Community Bank
    Similarity Rank: 147
    Landmark Credit Union
    Similarity Rank: 192
    State Bank of Cross Plains
    Similarity Rank: 207
    Farmers and Merchants Union Bank
    Similarity Rank: 288
    The First National Bank and Trust Company
    Similarity Rank: 289
    Mound City Bank
    Similarity Rank: 350
    Oregon Community Bank
    Similarity Rank: 407

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 370 $37,980,000 $102,649 $1,553 5.30%

    For 2018, Royal Bank's most frequently originated type of loan was Conventional, with 370 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 187 $20,995,000 $112,273 $1,879 5.25%
    Refi 124 $10,420,000 $84,032 $1,123 5.53%
    Cash Out Refi 37 $5,575,000 $150,676 $1,878 4.46%
    Other 13 $505,000 $38,846 $815 5.99%
    Home Improvement 9 $485,000 $53,889 $522 5.64%

    For 2018, Royal Bank's most frequently cited loan purpose was Home Purchase, with 187 originations. The 2nd most popular reason was Refi, with 124 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 147 $10,375,000 $70,578 $1,032 5.88%
    30 Year 123 $17,825,000 $144,919 $2,077 4.70%
    15 Year 30 $3,740,000 $124,667 $1,781 4.13%
    5 Year 28 $2,220,000 $79,286 $562 5.81%
    3 Year 18 $1,300,000 $72,222 $325 6.15%
    20 Year 14 $1,610,000 $115,000 $1,827 4.42%
    1 Year 10 $910,000 $91,000 $0 5.92%

    For 2018, Royal Bank's most frequently cited loan duration was Other, with 147 originations. The 2nd most popular length was 30 Year, with 123 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 265 $26,175,000 $98,774
    $1k-2k 27 $4,275,000 $158,333
    $2k-3k 7 $1,095,000 $156,429
    $3k-4k 1 $125,000 $125,000
    $4k-5k 1 $265,000 $265,000
    $5k+ 1 $255,000 $255,000

    Royal Bank's average total fees were $2,077, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 265 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 163 $21,975,000 $134,816
    5-6% 119 $9,035,000 $75,924
    6-7% 52 $3,500,000 $67,308
    3-4% 21 $2,765,000 $131,667
    7-8% 11 $545,000 $49,545
    Over 8% 4 $160,000 $40,000

    During 2018, Royal Bank's average interest rate for loans was 4.70%, while their most frequently originated rate bucket for loans was 4-5%, with 163 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 221 $12,495,000 $56,538 $1,304 5.54%
    $100k-200k 113 $15,545,000 $137,566 $1,760 5.00%
    $200k-400k 32 $8,190,000 $255,938 $2,344 4.75%
    $400k-600k 4 $1,750,000 $437,500 $1,858 4.56%

    2018 saw Royal Bank place emphasis on $100,000 or less loans with 221 originations, totaling $12,495,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 118 $8,110,000 $68,729 $1,440 5.41%
    $50k-75k 95 $8,995,000 $94,684 $1,452 5.39%
    $75k-100k 61 $6,475,000 $106,148 $1,709 5.28%
    $100k-150k 49 $7,065,000 $144,184 $1,774 5.06%
    $150k-250k 26 $4,850,000 $186,538 $1,718 4.96%
    $250k+ 3 $695,000 $231,667 $1,807 4.79%

    Royal Bank lent most frequently to those with incomes in the $50k or less range, with 118 originations. The second most popular income band? $50k-75k, with 95 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 99 $10,135,000 $102,374 $1,633 5.22%
    30-36% 77 $8,655,000 $112,403 $1,537 5.29%
    <20% 40 $3,110,000 $77,750 $1,665 5.30%
    38% 21 $2,055,000 $97,857 $1,529 5.07%
    39% 14 $1,190,000 $85,000 $1,009 5.29%
    36% 13 $1,255,000 $96,538 $1,517 5.12%
    37% 12 $1,250,000 $104,167 $1,367 5.24%
    41% 12 $1,490,000 $124,167 $1,915 5.15%
    40% 10 $910,000 $91,000 $1,497 5.15%
    43% 9 $745,000 $82,778 $1,400 5.86%
    45% 7 $535,000 $76,429 $944 5.82%
    48% 6 $870,000 $145,000 $2,005 5.33%
    42% 5 $525,000 $105,000 $1,535 6.20%
    50-60% 5 $505,000 $101,000 $1,462 6.15%
    44% 4 $450,000 $112,500 $1,304 4.73%
    47% 3 $345,000 $115,000 $2,504 4.42%
    49% 3 $435,000 $145,000 $1,481 4.71%
    >60% 2 $240,000 $120,000 $2,155 5.88%
    46% 2 $280,000 $140,000 $1,369 5.88%

    Royal Bank lent most frequently to those with DTI ratios of 20-30%, with 99 originations. The next most common DTI ratio? 30-36%, with 77 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 353 $36,295,000 $102,819 $1,553 5.28%
    Not applicable 14 $1,450,000 $103,571 $0 5.74%
    Asian 2 $160,000 $80,000 $1,582 5.13%
    Black 1 $75,000 $75,000 $0 5.75%

    Approval Rates

    Total approvals of all applications
    92.62%

    Royal Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.59%

    Royal Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 370 $37,980,000 $102,649

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $105,000 $105,000
    Single Family (1-4 Units):Manufactured 65 $4,605,000 $70,846
    Single Family (1-4 Units):Site-Built 304 $33,270,000 $109,441

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 30 $1,840,000 $61,333 $1,008 5.66%
    40-60% 49 $4,215,000 $86,020 $1,242 5.58%
    60-80% 157 $18,725,000 $119,268 $1,774 5.16%
    80-100% 107 $12,475,000 $116,589 $1,708 5.12%
    Over 100% 1 $45,000 $45,000 $0 5.75%
    Under 20% 26 $680,000 $26,154 $555 5.92%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Royal Bank 102 North 4th Street Avoca, WI 53506 Full Service B&M $6,632
    Royal Bank 523 Gateway Avenue Mauston, WI 53948 Full Service B&M $16,331
    Royal Bank 100 Splinter Avenue Dickeyville, WI 53808 Full Service B&M $13,308
    Royal Bank 104 W Main Street Cobb, WI 53526 Full Service B&M $39,056
    Royal Bank 107 East Ormsby Street Oxford, WI 53952 Full Service B&M $15,340
    Royal Bank 110 E Main St Cazenovia, WI 53924 Full Service B&M $11,995
    Royal Bank 114 Hwy 171 East Gays Mills, WI 54631 Full Service B&M $20,153
    Royal Bank 129 Main Street Camp Douglas, WI 54618 Full Service B&M $9,643
    Royal Bank 152 South Worcester Street Spring Green, WI 53588 Full Service B&M $20,640
    Royal Bank 185 South Main Street Adams, WI 53910 Full Service B&M $17,658
    Royal Bank 201 E Bridge St New Lisbon, WI 53950 Full Service B&M $14,605
    Royal Bank 201 East Amelia Street Cassville, WI 53806 Full Service B&M $46,166
    Royal Bank 202 Main Street Elroy, WI 53929 Full Service B&M $61,162
    Royal Bank 205 W. Maple Street Lancaster, WI 53813 Full Service B&M $3,195
    Royal Bank 210 W Main Street La Valle, WI 53941 Full Service B&M $16,450
    Royal Bank 252 S Oak Street Lone Rock, WI 53556 Full Service B&M $12,630
    Royal Bank 311 North Main Street Viroqua, WI 54665 Full Service B&M $11,859
    Royal Bank 551 South Church Street Endeavor, WI 53930 Full Service B&M $4,570
    Royal Bank 731 Water Avenue Hillsboro, WI 54634 Full Service B&M $17,945

    For 2018, Royal Bank had 19 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,964
    Net interest income $16,378
    Total noninterest income $3,146
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $720
    Trading account gains and fees $0
    Additional Noninterest Income $2,426
    Pre-tax net operating income $6,985
    Securities gains (or losses, -) $-1
    Income before extraordinary items $5,315
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,315
    Minority interest net income $0
    Net income $5,315
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,315

    Royal Bank's gross interest income from loans was $17,964,000.
    Royal Bank's net interest income from loans was $16,378,000.
    Royal Bank's fee based income from loans was $720,000.
    Royal Bank's net income from loans was $5,315,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,586
    Provision for credit losses $348
    Total noninterest expense $12,191
    Salaries and employee benefits $7,694
    Premises and equipment expense $1,480
    Additional noninterest expense $3,017
    Applicable income taxes $1,669
    Net charge-offs $166
    Cash dividends $2,900

    Royal Bank's interest expense for loans was $1,586,000.
    Royal Bank's payroll and benefits expense were $7,694,000.
    Royal Bank's property, plant and equipment expenses $1,480,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $378,356
    Deposits held in domestic offices $378,356
    Deposits by Individuals, partnerships, and corporations $345,566
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $32,790
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $133,399
    Demand deposits $90,059
    Nontransaction accounts $244,957
    Money market deposit accounts (MMDAs) $78,902
    Other savings deposits (excluding MMDAs) $71,343
    Total time deposits $94,711
    Total time and savings deposits $288,297
    Noninterest-bearing deposits $91,703
    Interest-bearing deposits $286,653
    Retail deposits $367,699
    IRAs and Keogh plan accounts $26,536
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $442,832
    Cash & Balances due from depository institutions $32,924
    Interest-bearing balances $22,531
    Total securities $75,781
    Federal funds sold & reverse repurchase $6,512
    Net loans and leases $306,563
    Loan and leases loss allowance $4,363
    Trading account assets $0
    Bank premises and fixed assets $7,266
    Other real estate owned $0
    Goodwill and other intangibles $2,171
    All other assets $11,615

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $442,832
    Total Liabilities $397,326
    Total deposits $378,356
    Interest-bearing deposits $286,653
    Deposits held in domestic offices $378,356
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $15,619
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,351

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $306,563
    Loan and leases loss allowance $4,363
    Total loans and leases (domestic) $310,926
    All real estate loans $214,527
    Real estate loans in domestic offices $214,527
    Construction and development loans $7,615
    Residential 1-4 family construction $5,792
    Other construction, all land development and other land $1,823
    Loans secured by nonfarm nonresidential properties $62,759
    Nonfarm nonresidential secured by owner-occupied properties $21,130
    Commercial real estate & other non-farm, non-residential $41,629
    Multifamily residential real estate $2,002
    1-4 family residential loans $82,574
    Farmland loans $59,577
    Loans held in foreign offices $0
    Farm loans $26,834
    Commercial and industrial loans $32,081
    To non-U.S. addressees $0
    Loans to individuals $18,625
    Credit card loans $258
    Related Plans $70
    Consumer Auto Loans $12,023
    Other loans to individuals $6,274
    All other loans & leases $18,859
    Loans to foreign governments and official institutions $0
    Other loans $38
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Royal Bank had $306,563,000 of loans outstanding in 2018. $214,527,000 of loans were in real estate loans. $7,615,000 of loans were in development loans. $2,002,000 of loans were in multifamily mortgage loans. $82,574,000 of loans were in 1-4 family mortgage loans. $26,834,000 of loans were in farm loans. $258,000 of loans were in credit card loans. $12,023,000 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 529 $47,927 $90,599
    Nonfarm, nonresidential loans - <$100k 354 $12,626 $35,667
    Nonfarm, nonresidential loans - $100-250k 119 $14,709 $123,605
    Nonfarm, nonresidential loans - $250k-1MM 56 $20,592 $367,714
    Commercial & Industrial, US addressed loans - <$1MM 530 $25,358 $47,845
    Commercial & Industrial, US addressed loans - <$100k 434 $10,048 $23,152
    Commercial & Industrial, US addressed loans - $100-250k 75 $8,156 $108,747
    Commercial & Industrial, US addressed loans - $250k-1MM 21 $7,154 $340,667
    Farmland loans - <$1MM 405 $34,986 $86,385
    Farmland loans - <$100k 201 $7,058 $35,114
    Farmland loans - $100-250k 129 $14,717 $114,085
    Farmland loans - $250k-1MM 75 $13,211 $176,147
    Agriculture operations loans - <$1MM 539 $22,623 $41,972
    Agriculture operations loans - <$100k 464 $9,903 $21,343
    Agriculture operations loans - $100-250k 52 $6,581 $126,558
    Agriculture operations loans - $250k-1MM 23 $6,139 $266,913