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

Jump to:

  • 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 Refi, Cash Out Refi, and Home Purchase loans. Royal Bank has a high proportion of conventional loans. Their top markets by origination volume include: Platteville, Madison, Baraboo, La Crosse, and Milwaukee among others. We have data for 18 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 an above 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

    953

    Origination Dollar Volume (All Markets)

    $146,735,000

    Employee count

    143 Show all (9) 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 574 $83,040,000 $144,669 $1,752 3.20%
    Platteville, WI (FHA|USDA|VA) 155 $22,865,000 $147,516 $1,921 3.04%
    MADISON, WI (FHA|USDA|VA) 101 $19,115,000 $189,257 $1,795 2.93%
    Baraboo, WI (FHA|USDA|VA) 89 $15,315,000 $172,079 $1,561 3.16%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 10 $1,800,000 $180,000 $2,051 2.74%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 5 $1,035,000 $207,000 $1,422 2.38%
    EAU CLAIRE, WI (FHA|USDA|VA) 4 $980,000 $245,000 $1,731 2.97%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $735,000 $245,000 $1,813 2.83%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $360,000 $180,000 $1,244 2.81%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $245,000 $245,000 $1,796 2.88%
    Stevens Point, WI (FHA|USDA|VA) 2 $240,000 $120,000 $1,146 2.38%
    ROCHESTER, MN (FHA|USDA|VA) 1 $195,000 $195,000 $6,053 3.00%
    Clinton, IA (FHA|USDA|VA) 1 $185,000 $185,000 $2,806 2.88%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $185,000 $185,000 $2,117 3.13%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $175,000 $175,000 $2,183 2.75%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.00%
    GREEN BAY, WI (FHA|USDA|VA) 1 $105,000 $105,000 $2,099 5.50%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.95%
    Royal Bank's top markets include Platteville, Madison, Baraboo, La Crosse, and Milwaukee among others.

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

    Fidelity Bank & Trust
    Similarity Rank: 75
    Hometown Bank
    Similarity Rank: 216
    The Greenwood's State Bank
    Similarity Rank: 297
    MidWestOne Bank
    Similarity Rank: 434
    The Equitable Bank, S.S.B.
    Similarity Rank: 440
    Starion Bank
    Similarity Rank: 546
    Royal Bank
    Similarity Rank: 576
    A + MORTGAGE SERVICES, INC.
    Similarity Rank: 644
    National Exchange Bank and Trust
    Similarity Rank: 920
    Dane County Credit Union
    Similarity Rank: 979

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 953 $146,735,000 $153,972 $1,773 3.13%

    For 2020, Royal Bank's most frequently originated type of loan was Conventional, with 953 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 433 $66,795,000 $154,261 $1,486 3.07%
    Cash Out Refi 264 $41,520,000 $157,273 $2,069 2.73%
    Home Purchase 245 $37,685,000 $153,816 $1,987 3.63%
    Other 7 $575,000 $82,143 $1,629 4.41%
    Home Improvement 4 $160,000 $40,000 $999 3.66%

    For 2020, Royal Bank's most frequently cited loan purpose was Refi, with 433 originations. The 2nd most popular reason was Cash Out Refi, with 264 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 380 $65,900,000 $173,421 $1,985 2.96%
    15 Year 301 $43,685,000 $145,133 $1,681 2.50%
    Other 110 $12,940,000 $117,636 $1,344 4.94%
    20 Year 109 $17,755,000 $162,890 $1,769 2.86%
    5 Year 35 $4,365,000 $124,714 $357 4.88%
    3 Year 7 $785,000 $112,143 $0 5.68%
    10 Year 7 $1,125,000 $160,714 $1,344 2.94%
    1 Year 4 $180,000 $45,000 $0 5.43%

    For 2020, Royal Bank's most frequently cited loan duration was 30 Year, with 380 originations. The 2nd most popular length was 15 Year, with 301 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 730 $109,850,000 $150,479
    $1k-2k 110 $18,500,000 $168,182
    $2k-3k 39 $7,105,000 $182,179
    $3k-4k 10 $2,000,000 $200,000
    $4k-5k 6 $1,450,000 $241,667
    $5k+ 5 $1,435,000 $287,000

    Royal Bank's average total fees were $1,985, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 730 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 398 $69,160,000 $173,769
    <2.5% 263 $38,835,000 $147,662
    3-4% 157 $24,995,000 $159,204
    5-6% 69 $5,875,000 $85,145
    4-5% 48 $6,290,000 $131,042
    6-7% 16 $1,550,000 $96,875
    7-8% 2 $30,000 $15,000

    During 2020, Royal Bank's average interest rate for loans was 2.96%, while their most frequently originated rate bucket for loans was 2.5-3%, with 398 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 493 $70,285,000 $142,566 $1,786 2.95%
    $100,000 or less 246 $16,990,000 $69,065 $1,528 3.67%
    $200k-400k 200 $52,830,000 $264,150 $1,917 2.93%
    $400k-600k 13 $5,675,000 $436,538 $3,522 3.17%
    $600k-1MM 1 $955,000 $955,000 $0 4.00%

    2020 saw Royal Bank place emphasis on $100k-200k loans with 493 originations, totaling $70,285,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 211 $32,645,000 $154,716 $1,734 3.02%
    $100k-150k 210 $40,460,000 $192,667 $2,000 2.89%
    $50k-75k 209 $27,855,000 $133,278 $1,747 3.27%
    $50k or less 180 $16,880,000 $93,778 $1,724 3.40%
    $150k-250k 78 $16,090,000 $206,282 $1,782 3.03%
    $250k+ 20 $4,800,000 $240,000 $1,566 3.02%

    Royal Bank lent most frequently to those with incomes in the $75k-100k range, with 211 originations. The second most popular income band? $100k-150k, with 210 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 273 $40,715,000 $149,139 $1,766 3.10%
    30-36% 216 $32,850,000 $152,083 $1,830 3.21%
    <20% 134 $18,840,000 $140,597 $1,700 2.82%
    40% 32 $5,200,000 $162,500 $1,938 3.26%
    36% 32 $4,290,000 $134,063 $1,782 3.25%
    37% 30 $4,840,000 $161,333 $1,915 3.40%
    39% 26 $4,920,000 $189,231 $1,907 3.22%
    44% 24 $4,420,000 $184,167 $2,045 2.85%
    41% 23 $3,825,000 $166,304 $1,599 3.22%
    43% 22 $3,320,000 $150,909 $2,284 3.41%
    38% 19 $2,865,000 $150,789 $1,923 3.66%
    42% 17 $2,305,000 $135,588 $1,983 3.08%
    45% 15 $2,495,000 $166,333 $1,482 3.05%
    46% 13 $2,535,000 $195,000 $1,474 3.44%
    49% 10 $1,650,000 $165,000 $1,730 2.75%
    47% 9 $1,595,000 $177,222 $1,724 2.82%
    48% 6 $860,000 $143,333 $1,591 3.00%
    50-60% 4 $570,000 $142,500 $1,636 3.59%
    >60% 1 $85,000 $85,000 $3,313 2.38%

    Royal Bank lent most frequently to those with DTI ratios of 20-30%, with 273 originations. The next most common DTI ratio? 30-36%, with 216 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 934 $143,180,000 $153,298 $1,770 3.11%
    Not applicable 15 $3,035,000 $202,333 $0 4.52%
    Asian 1 $285,000 $285,000 $5,424 3.38%
    American Indian 1 $135,000 $135,000 $1,496 2.50%
    Black 1 $65,000 $65,000 $0 4.95%
    Native Hawaiian or Islander 1 $35,000 $35,000 $1,469 5.50%

    Approval Rates

    Total approvals of all applications
    90.83%

    Royal Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.19%

    Royal Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 953 $146,735,000 $153,972

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $175,000 $175,000
    Single Family (1-4 Units):Manufactured 59 $5,205,000 $88,220
    Single Family (1-4 Units):Site-Built 893 $141,355,000 $158,292

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 57 $5,495,000 $96,404 $1,441 3.15%
    40-60% 191 $25,125,000 $131,545 $1,550 2.98%
    60-80% 466 $78,320,000 $168,069 $1,831 3.08%
    80-100% 230 $37,130,000 $161,435 $1,951 3.31%
    Over 100% 1 $295,000 $295,000 $0 4.50%
    Under 20% 8 $370,000 $46,250 $557 4.45%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Royal Bank 311 North Main Street Viroqua, WI 54665 Full Service B&M $13,877
    Royal Bank 523 Gateway Avenue Mauston, WI 53948 Full Service B&M $22,774
    Royal Bank 551 South Church Street Endeavor, WI 53930 Full Service B&M $5,627
    Royal Bank 731 Water Avenue Hillsboro, WI 54634 Full Service B&M $20,593
    Royal Bank 100 Splinter Avenue Dickeyville, WI 53808 Full Service B&M $15,488
    Royal Bank 102 North 4th Street Avoca, WI 53506 Full Service B&M $7,304
    Royal Bank 104 W Main Street Cobb, WI 53526 Full Service B&M $57,634
    Royal Bank 107 East Ormsby Street Oxford, WI 53952 Full Service B&M $17,062
    Royal Bank 110 E Main St Cazenovia, WI 53924 Full Service B&M $12,984
    Royal Bank 114 Hwy 171 East Gays Mills, WI 54631 Full Service B&M $26,134
    Royal Bank 129 Main Street Camp Douglas, WI 54618 Full Service B&M $18,585
    Royal Bank 142 Hwy 61 N Lancaster, WI 53813 Full Service B&M $7,995
    Royal Bank 152 South Worcester Street Spring Green, WI 53588 Full Service B&M $24,291
    Royal Bank 185 South Main Street Adams, WI 53910 Full Service B&M $25,256
    Royal Bank 201 E Bridge St New Lisbon, WI 53950 Full Service B&M $17,837
    Royal Bank 201 East Amelia Street Cassville, WI 53806 Full Service B&M $50,799
    Royal Bank 202 Main Street Elroy, WI 53929 Full Service B&M $76,680
    Royal Bank 210 W Main Street La Valle, WI 53941 Full Service B&M $22,812
    Royal Bank 252 S Oak Street Lone Rock, WI 53556 Full Service B&M $14,841

    For 2020, Royal Bank had 19 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $21,876
    Net interest income $19,954
    Total noninterest income $5,157
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $586
    Trading account gains and fees $0
    Additional Noninterest Income $4,571
    Pre-tax net operating income $9,758
    Securities gains (or losses, -) $24
    Income before extraordinary items $7,408
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,408
    Minority interest net income $0
    Net income $7,408
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,389

    Royal Bank's gross interest income from loans was $21,876,000.
    Royal Bank's net interest income from loans was $19,954,000.
    Royal Bank's fee based income from loans was $586,000.
    Royal Bank's net income from loans was $7,408,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,922
    Provision for credit losses $1,310
    Total noninterest expense $14,043
    Salaries and employee benefits $8,976
    Premises and equipment expense $1,648
    Additional noninterest expense $3,419
    Applicable income taxes $2,374
    Net charge-offs $304
    Cash dividends $800

    Royal Bank's interest expense for loans was $1,922,000.
    Royal Bank's payroll and benefits expense were $8,976,000.
    Royal Bank's property, plant and equipment expenses $1,648,000.

    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 3.7%
    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 $556,865
    Deposits held in domestic offices $556,865
    Deposits by Individuals, partnerships, and corporations $508,210
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $47,641
    Deposits by Commercial banks and other depository institutions in U.S. $1,014
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $266,338
    Demand deposits $212,646
    Nontransaction accounts $290,527
    Money market deposit accounts (MMDAs) $70,333
    Other savings deposits (excluding MMDAs) $109,020
    Total time deposits $111,174
    Total time and savings deposits $344,219
    Noninterest-bearing deposits $156,716
    Interest-bearing deposits $400,149
    Retail deposits $542,260
    IRAs and Keogh plan accounts $30,259
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $638,481
    Cash & Balances due from depository institutions $73,071
    Interest-bearing balances $55,964
    Total securities $142,917
    Federal funds sold & reverse repurchase $2,741
    Net loans and leases $396,146
    Loan and leases loss allowance $6,208
    Trading account assets $0
    Bank premises and fixed assets $8,069
    Other real estate owned $0
    Goodwill and other intangibles $3,687
    All other assets $11,850

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $638,481
    Total Liabilities $572,836
    Total deposits $556,865
    Interest-bearing deposits $400,149
    Deposits held in domestic offices $556,865
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $7,732
    Trading liabilities $0
    Other borrowed funds $4,000
    Subordinated debt $0
    All other liabilities $4,239

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $396,146
    Loan and leases loss allowance $6,208
    Total loans and leases (domestic) $402,354
    All real estate loans $285,464
    Real estate loans in domestic offices $285,464
    Construction and development loans $11,253
    Residential 1-4 family construction $10,116
    Other construction, all land development and other land $1,137
    Loans secured by nonfarm nonresidential properties $81,469
    Nonfarm nonresidential secured by owner-occupied properties $23,842
    Commercial real estate & other non-farm, non-residential $57,627
    Multifamily residential real estate $1,384
    1-4 family residential loans $111,003
    Farmland loans $80,355
    Loans held in foreign offices $0
    Farm loans $25,875
    Commercial and industrial loans $49,407
    To non-U.S. addressees $0
    Loans to individuals $20,291
    Credit card loans $242
    Related Plans $85
    Consumer Auto Loans $13,352
    Other loans to individuals $6,612
    All other loans & leases $21,317
    Loans to foreign governments and official institutions $0
    Other loans $47
    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 $396,146,000 of loans outstanding in 2020. $285,464,000 of loans were in real estate loans. $11,253,000 of loans were in development loans. $1,384,000 of loans were in multifamily mortgage loans. $111,003,000 of loans were in 1-4 family mortgage loans. $25,875,000 of loans were in farm loans. $242,000 of loans were in credit card loans. $13,352,000 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 540 $48,169 $89,202
    Nonfarm, nonresidential loans - <$100k 358 $12,711 $35,506
    Nonfarm, nonresidential loans - $100-250k 124 $14,638 $118,048
    Nonfarm, nonresidential loans - $250k-1MM 58 $20,820 $358,966
    Commercial & Industrial, US addressed loans - <$1MM 500 $26,451 $52,902
    Commercial & Industrial, US addressed loans - <$100k 399 $9,409 $23,581
    Commercial & Industrial, US addressed loans - $100-250k 78 $7,625 $97,756
    Commercial & Industrial, US addressed loans - $250k-1MM 23 $9,417 $409,435
    Farmland loans - <$1MM 472 $47,968 $101,627
    Farmland loans - <$100k 194 $6,592 $33,979
    Farmland loans - $100-250k 161 $16,889 $104,901
    Farmland loans - $250k-1MM 117 $24,487 $209,291
    Agriculture operations loans - <$1MM 576 $24,258 $42,115
    Agriculture operations loans - <$100k 494 $11,047 $22,362
    Agriculture operations loans - $100-250k 61 $7,665 $125,656
    Agriculture operations loans - $250k-1MM 21 $5,546 $264,095