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, Refi, and Cash Out Refi loans. Royal Bank has a high proportion of conventional loans. Their top markets by origination volume include: Platteville, Madison, Baraboo, La Crosse, and Wisconsin Rapids among others. We have data for 16 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% 4/28/24
    30 Year Conventional Refi 6.34% 4/28/24
    30 Year Cash-out Refi 6.66% 4/28/24
    15 Year Conventional Purchase 6.24% 4/28/24
    15 Year Conventional Refi 6.16% 4/28/24
    15 Year Cash-out Refi 6.16% 4/28/24
    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

    772

    Origination Dollar Volume (All Markets)

    $118,200,000

    Employee count

    163

    Awards

    Royal Bank 30 Year Conventional Loans silver Royal Bank 30 Year Conventional Loans gold Royal Bank 30 Year Conventional Loans silver
    Show all (3) 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 473 $70,285,000 $148,594 $1,877 3.28%
    Platteville, WI (FHA|USDA|VA) 139 $20,795,000 $149,604 $2,231 3.25%
    MADISON, WI (FHA|USDA|VA) 86 $14,320,000 $166,512 $1,940 3.09%
    Baraboo, WI (FHA|USDA|VA) 47 $7,655,000 $162,872 $1,832 3.33%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 9 $1,985,000 $220,556 $2,568 3.38%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 5 $665,000 $133,000 $1,320 3.73%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 3 $545,000 $181,667 $2,478 2.63%
    Whitewater, WI (FHA|USDA|VA) 1 $405,000 $405,000 $2,582 3.38%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $310,000 $155,000 $1,803 2.75%
    DUBUQUE, IA (FHA|USDA|VA) 1 $275,000 $275,000 $1,676 2.25%
    RACINE, WI (FHA|USDA|VA) 1 $245,000 $245,000 $1,559 4.13%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $245,000 $245,000 $2,828 3.25%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $145,000 $145,000 $2,541 2.63%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $135,000 $135,000 $1,843 3.00%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.50%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $75,000 $75,000 $1,997 2.50%
    Royal Bank's top markets include Platteville, Madison, Baraboo, La Crosse, and Wisconsin Rapids 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.

    MidWestOne Bank
    Similarity Rank: 342
    DMB Community Bank
    Similarity Rank: 400
    Dane County Credit Union
    Similarity Rank: 531
    The Greenwood's State Bank
    Similarity Rank: 625
    Farmers & Merchants State Bank
    Similarity Rank: 784
    Hometown Bank
    Similarity Rank: 798
    The Park Bank
    Similarity Rank: 819
    Starion Bank
    Similarity Rank: 900
    Badger Bank
    Similarity Rank: 913
    Monona Bank
    Similarity Rank: 949

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 772 $118,200,000 $153,109 $1,952 3.25%

    For 2021, Royal Bank's most frequently originated type of loan was Conventional, with 772 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 298 $47,680,000 $160,000 $2,198 3.57%
    Refi 271 $39,945,000 $147,399 $1,503 3.12%
    Cash Out Refi 179 $29,245,000 $163,380 $2,311 2.81%
    Home Improvement 12 $570,000 $47,500 $557 4.56%
    Other 12 $760,000 $63,333 $1,749 3.67%

    For 2021, Royal Bank's most frequently cited loan purpose was Home Purchase, with 298 originations. The 2nd most popular reason was Refi, with 271 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 307 $54,085,000 $176,173 $2,268 3.08%
    15 Year 203 $29,295,000 $144,310 $1,859 2.45%
    Other 108 $12,390,000 $114,722 $1,224 4.64%
    20 Year 72 $10,050,000 $139,583 $2,159 2.84%
    5 Year 59 $8,415,000 $142,627 $498 4.56%
    3 Year 11 $1,545,000 $140,455 $0 4.88%
    10 Year 9 $1,625,000 $180,556 $1,363 2.85%
    1 Year 3 $795,000 $265,000 $0 5.15%

    For 2021, Royal Bank's most frequently cited loan duration was 30 Year, with 307 originations. The 2nd most popular length was 15 Year, with 203 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 534 $76,340,000 $142,959
    $1k-2k 90 $14,610,000 $162,333
    $2k-3k 42 $7,910,000 $188,333
    $3k-4k 13 $2,585,000 $198,846
    $5k+ 9 $2,865,000 $318,333
    $4k-5k 6 $1,600,000 $266,667

    Royal Bank's average total fees were $2,268, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 534 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 226 $35,680,000 $157,876
    3-4% 198 $36,330,000 $183,485
    <2.5% 191 $27,355,000 $143,220
    4-5% 125 $16,615,000 $132,920
    5-6% 28 $2,070,000 $73,929
    6-7% 4 $150,000 $37,500

    During 2021, Royal Bank's average interest rate for loans was 3.08%, while their most frequently originated rate bucket for loans was 2.5-3%, with 226 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 343 $48,625,000 $141,764 $1,957 3.16%
    $100,000 or less 254 $16,840,000 $66,299 $1,570 3.48%
    $200k-400k 152 $40,170,000 $264,276 $2,418 3.08%
    $400k-600k 17 $8,065,000 $474,412 $3,155 3.33%
    $600k-1MM 6 $4,500,000 $750,000 $1,210 3.53%

    2021 saw Royal Bank place emphasis on $100k-200k loans with 343 originations, totaling $48,625,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 200 $19,440,000 $97,200 $1,794 3.42%
    $50k-75k 175 $22,995,000 $131,400 $1,921 3.18%
    $100k-150k 158 $30,320,000 $191,899 $2,067 3.02%
    $75k-100k 125 $19,125,000 $153,000 $2,071 3.20%
    $150k-250k 57 $13,995,000 $245,526 $2,359 3.30%
    $250k+ 15 $5,375,000 $358,333 $2,116 3.26%

    Royal Bank lent most frequently to those with incomes in the $50k or less range, with 200 originations. The second most popular income band? $50k-75k, with 175 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 217 $32,765,000 $150,991 $1,926 3.04%
    30-36% 148 $22,290,000 $150,608 $1,982 3.37%
    <20% 80 $11,290,000 $141,125 $1,962 3.04%
    36% 33 $4,605,000 $139,545 $2,202 3.12%
    39% 30 $5,050,000 $168,333 $2,010 3.54%
    37% 29 $4,425,000 $152,586 $2,089 3.46%
    40% 26 $3,240,000 $124,615 $1,651 3.48%
    42% 25 $4,505,000 $180,200 $2,335 3.44%
    41% 23 $3,375,000 $146,739 $2,103 2.98%
    38% 22 $2,740,000 $124,545 $1,677 3.50%
    43% 20 $3,190,000 $159,500 $1,773 3.23%
    44% 18 $3,060,000 $170,000 $2,012 3.38%
    46% 14 $2,050,000 $146,429 $2,012 3.26%
    45% 12 $2,360,000 $196,667 $2,084 3.22%
    47% 11 $2,145,000 $195,000 $2,076 3.15%
    49% 8 $1,480,000 $185,000 $2,654 3.39%
    48% 7 $1,115,000 $159,286 $2,174 2.75%
    50-60% 2 $340,000 $170,000 $2,023 3.81%

    Royal Bank lent most frequently to those with DTI ratios of 20-30%, with 217 originations. The next most common DTI ratio? 30-36%, with 148 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 742 $112,260,000 $151,294 $1,954 3.22%
    Not applicable 23 $4,775,000 $207,609 $0 4.33%
    Asian 4 $800,000 $200,000 $2,275 3.06%
    Black 2 $250,000 $125,000 $1,330 2.56%
    American Indian 1 $115,000 $115,000 $795 4.50%

    Approval Rates

    Total approvals of all applications
    91.61%

    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 772 $118,200,000 $153,109

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    772 $118,200,000 $153,109

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 46 $5,040,000 $109,565 $1,504 3.14%
    40-60% 144 $21,170,000 $147,014 $1,833 3.03%
    60-80% 354 $58,170,000 $164,322 $2,023 3.20%
    80-100% 205 $32,215,000 $157,146 $2,138 3.40%
    Under 20% 23 $1,605,000 $69,783 $724 4.35%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Royal Bank 100 Splinter Avenue Dickeyville, WI 53808 Full Service B&M $18,164
    Royal Bank 101 East Court Street Richland Center, WI 53581 Full Service B&M $23,773
    Royal Bank 102 North 4th Street Avoca, WI 53506 Full Service B&M $8,594
    Royal Bank 104 W Main Street Cobb, WI 53526 Full Service B&M $66,989
    Royal Bank 107 East Ormsby Street Oxford, WI 53952 Full Service B&M $21,740
    Royal Bank 110 E Main St Cazenovia, WI 53924 Full Service B&M $15,957
    Royal Bank 114 Hwy 171 East Gays Mills, WI 54631 Full Service B&M $28,844
    Royal Bank 129 Main Street Camp Douglas, WI 54618 Full Service B&M $18,238
    Royal Bank 142 Hwy 61 N Lancaster, WI 53813 Full Service B&M $20,570
    Royal Bank 152 South Worcester Street Spring Green, WI 53588 Full Service B&M $29,406
    Royal Bank 185 South Main Street Adams, WI 53910 Full Service B&M $30,438
    Royal Bank 201 E Bridge St New Lisbon, WI 53950 Full Service B&M $20,910
    Royal Bank 201 East Amelia Street Cassville, WI 53806 Full Service B&M $57,059
    Royal Bank 202 Main Street Elroy, WI 53929 Full Service B&M $73,634
    Royal Bank 210 W Main Street La Valle, WI 53941 Full Service B&M $27,409
    Royal Bank 252 S Oak Street Lone Rock, WI 53556 Full Service B&M $17,067
    Royal Bank 311 North Main Street Viroqua, WI 54665 Full Service B&M $16,505
    Royal Bank 523 Gateway Avenue Mauston, WI 53948 Full Service B&M $27,026
    Royal Bank 551 South Church Street Endeavor, WI 53930 Full Service B&M $6,837
    Royal Bank 700 E Blackhawk Ave Prairie Du Chien, WI 53821 Full Service B&M $31,621
    Royal Bank 731 Water Avenue Hillsboro, WI 54634 Full Service B&M $24,274

    For 2021, Royal Bank had 21 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $24,891
    Net interest income $23,771
    Total noninterest income $5,274
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $587
    Trading account gains and fees $0
    Additional Noninterest Income $4,687
    Pre-tax net operating income $12,267
    Securities gains (or losses, -) $0
    Income before extraordinary items $9,280
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,280
    Minority interest net income $0
    Net income $9,280
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,280

    Royal Bank's gross interest income from loans was $24,891,000.
    Royal Bank's net interest income from loans was $23,771,000.
    Royal Bank's fee based income from loans was $587,000.
    Royal Bank's net income from loans was $9,280,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,120
    Provision for credit losses $390
    Total noninterest expense $16,388
    Salaries and employee benefits $10,429
    Premises and equipment expense $2,021
    Additional noninterest expense $3,938
    Applicable income taxes $2,987
    Net charge-offs $2
    Cash dividends $1,600

    Royal Bank's interest expense for loans was $1,120,000.
    Royal Bank's payroll and benefits expense were $10,429,000.
    Royal Bank's property, plant and equipment expenses $2,021,000.

    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 1.6%
    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 $626,604
    Deposits held in domestic offices $626,604
    Deposits by Individuals, partnerships, and corporations $574,599
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $50,763
    Deposits by Commercial banks and other depository institutions in U.S. $1,242
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $306,789
    Demand deposits $244,671
    Nontransaction accounts $319,815
    Money market deposit accounts (MMDAs) $73,603
    Other savings deposits (excluding MMDAs) $138,529
    Total time deposits $107,682
    Total time and savings deposits $381,933
    Noninterest-bearing deposits $186,147
    Interest-bearing deposits $440,457
    Retail deposits $609,688
    IRAs and Keogh plan accounts $29,501
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $707,159
    Cash & Balances due from depository institutions $33,617
    Interest-bearing balances $15,257
    Total securities $200,688
    Federal funds sold & reverse repurchase $118
    Net loans and leases $447,043
    Loan and leases loss allowance $6,596
    Trading account assets $0
    Bank premises and fixed assets $8,986
    Other real estate owned $0
    Goodwill and other intangibles $3,521
    All other assets $13,186

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $707,159
    Total Liabilities $636,411
    Total deposits $626,604
    Interest-bearing deposits $440,457
    Deposits held in domestic offices $626,604
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $5,649
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $4,158

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $447,043
    Loan and leases loss allowance $6,596
    Total loans and leases (domestic) $453,639
    All real estate loans $334,480
    Real estate loans in domestic offices $334,480
    Construction and development loans $13,008
    Residential 1-4 family construction $12,891
    Other construction, all land development and other land $117
    Loans secured by nonfarm nonresidential properties $92,553
    Nonfarm nonresidential secured by owner-occupied properties $26,227
    Commercial real estate & other non-farm, non-residential $66,326
    Multifamily residential real estate $2,662
    1-4 family residential loans $127,645
    Farmland loans $98,612
    Loans held in foreign offices $0
    Farm loans $29,870
    Commercial and industrial loans $43,640
    To non-U.S. addressees $0
    Loans to individuals $20,448
    Credit card loans $250
    Related Plans $49
    Consumer Auto Loans $13,802
    Other loans to individuals $6,347
    All other loans & leases $25,201
    Loans to foreign governments and official institutions $0
    Other loans $94
    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 $447,043,000 of loans outstanding in 2021. $334,480,000 of loans were in real estate loans. $13,008,000 of loans were in development loans. $2,662,000 of loans were in multifamily mortgage loans. $127,645,000 of loans were in 1-4 family mortgage loans. $29,870,000 of loans were in farm loans. $250,000 of loans were in credit card loans. $13,802,000 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 545 $51,145 $93,844
    Nonfarm, nonresidential loans - <$100k 346 $12,488 $36,092
    Nonfarm, nonresidential loans - $100-250k 136 $15,661 $115,154
    Nonfarm, nonresidential loans - $250k-1MM 63 $22,996 $365,016
    Commercial & Industrial, US addressed loans - <$1MM 494 $27,452 $55,571
    Commercial & Industrial, US addressed loans - <$100k 382 $9,542 $24,979
    Commercial & Industrial, US addressed loans - $100-250k 81 $8,660 $106,914
    Commercial & Industrial, US addressed loans - $250k-1MM 31 $9,250 $298,387
    Farmland loans - <$1MM 493 $55,231 $112,030
    Farmland loans - <$100k 181 $6,439 $35,575
    Farmland loans - $100-250k 180 $19,806 $110,033
    Farmland loans - $250k-1MM 132 $28,986 $219,591
    Agriculture operations loans - <$1MM 587 $26,426 $45,019
    Agriculture operations loans - <$100k 490 $11,802 $24,086
    Agriculture operations loans - $100-250k 74 $8,781 $118,662
    Agriculture operations loans - $250k-1MM 23 $5,843 $254,043