Royal Financial Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300ZUNYZG3NYL2P40
Tax ID: 36-1710600
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Mortgage Data
Bank Data
Review & Overview
Royal Financial is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Royal Financial has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Little Rock, Charleston, Kankakee, and Michigan City among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Royal Financial has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
169Origination Dollar Volume (All Markets)
$88,805,000Employee count
55Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 165 | $77,285,000 | $468,394 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $4,975,000 | $4,975,000 | $0 | 0.00% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 1 | $4,825,000 | $4,825,000 | $0 | 0.00% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $1,145,000 | $1,145,000 | $0 | 0.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 169 | $88,805,000 | $525,473 | $0 | 0.00% |
For 2020, Royal Financial's most frequently originated type of loan was Conventional, with 169 originations.
Loan Reason
For 2020, Royal Financial's most frequently cited loan purpose was Home Purchase, with 79 originations. The 2nd most popular reason was Cash Out Refi, with 56 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 169 | $88,805,000 | $525,473 | $0 | 0.00% |
For 2020, Royal Financial's most frequently cited loan duration was Other, with 169 originations.
Loan Sizing
2020 saw Royal Financial place emphasis on $200k-400k loans with 50 originations, totaling $13,740,000 in origination value.
Applicant Income
Royal Financial lent most frequently to those with incomes in the $50k-75k range, with 30 originations. The second most popular income band? $50k or less, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 169 | $88,805,000 | $525,473 | $0 | 0.00% |
Royal Financial lent most frequently to those with DTI ratios of Exempt%, with 169 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.43%
Royal Financial has an average approval rate.
Pick Rate
Approvals leading to origination73.96%
Royal Financial has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 169 | $88,805,000 | $525,473 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 54 | $59,320,000 | $1,098,519 |
| Single Family (1-4 Units):Site-Built | 115 | $29,485,000 | $256,391 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Royal Savings Bank | 1410 West Taylor Street Chicago, IL 60607 | Full Service B&M | $11,386 |
| Royal Savings Bank | 1823 W. 47th Street Chicago, IL 60609 | Full Service B&M | $6,469 |
| Royal Savings Bank | 21 East Ogden Avenue Westmont, IL 60559 | Full Service B&M | $46,843 |
| Royal Savings Bank | 2740 West 55th Street Chicago, IL 60632 | Full Service B&M | $23,441 |
| Royal Savings Bank | 2869 South Archer Ave Chicago, IL 60608 | Full Service B&M | $25,482 |
| Royal Savings Bank | 3448 E. 118th Street Chicago, IL 60617 | Full Service Retail | $22,634 |
| Royal Savings Bank | 5400 South Pulaski Road Chicago, IL 60632 | Full Service B&M | $52,032 |
| Royal Savings Bank | 7840 N. Milwaukee Avenue Niles, IL 60714 | Full Service B&M | $66,598 |
| Royal Savings Bank | 9226 South Commercial Avenue Chicago, IL 60617 | Full Service B&M | $123,443 |
For 2020, Royal Financial had 9 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $17,922 |
| Net interest income | $15,204 |
| Total noninterest income | $575 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $179 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $396 |
| Pre-tax net operating income | $3,931 |
| Securities gains (or losses, -) | $814 |
| Income before extraordinary items | $3,170 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,170 |
| Minority interest net income | $0 |
| Net income | $3,170 |
| Sale, conversion, retirement of capital stock, net | $296 |
| Net operating income | $2,526 |
Royal Financial's gross interest income from loans was $17,922,000.
Royal Financial's net interest income from loans was $15,204,000.
Royal Financial's fee based income from loans was $179,000.
Royal Financial's net income from loans was $3,170,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,718 |
| Provision for credit losses | $2,321 |
| Total noninterest expense | $9,527 |
| Salaries and employee benefits | $4,584 |
| Premises and equipment expense | $1,912 |
| Additional noninterest expense | $3,031 |
| Applicable income taxes | $1,575 |
| Net charge-offs | $1,226 |
| Cash dividends | $1,018 |
Royal Financial's interest expense for loans was $2,718,000.
Royal Financial's payroll and benefits expense were $4,584,000.
Royal Financial's property, plant and equipment expenses $1,912,000.
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 | 6.0% |
| 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 | $460,607 |
| Deposits held in domestic offices | $460,607 |
| Deposits by Individuals, partnerships, and corporations | $403,220 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $1,750 |
| Deposits by Commercial banks and other depository institutions in U.S. | $55,637 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $86,522 |
| Demand deposits | $72,004 |
| Nontransaction accounts | $374,085 |
| Money market deposit accounts (MMDAs) | $55,303 |
| Other savings deposits (excluding MMDAs) | $103,547 |
| Total time deposits | $215,236 |
| Total time and savings deposits | $388,603 |
| Noninterest-bearing deposits | $72,004 |
| Interest-bearing deposits | $388,603 |
| Retail deposits | $321,800 |
| IRAs and Keogh plan accounts | $15,270 |
| Brokered deposits | $67,502 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $516,448 |
| Cash & Balances due from depository institutions | $23,099 |
| Interest-bearing balances | $19,032 |
| Total securities | $31,733 |
| Federal funds sold & reverse repurchase | $102 |
| Net loans and leases | $435,347 |
| Loan and leases loss allowance | $3,623 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $15,563 |
| Other real estate owned | $9 |
| Goodwill and other intangibles | $2,364 |
| All other assets | $8,231 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $516,448 |
| Total Liabilities | $466,087 |
| Total deposits | $460,607 |
| Interest-bearing deposits | $388,603 |
| Deposits held in domestic offices | $460,607 |
| % insured (estimated) | $79 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $4,000 |
| Subordinated debt | $0 |
| All other liabilities | $1,480 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $435,347 |
| Loan and leases loss allowance | $3,623 |
| Total loans and leases (domestic) | $438,970 |
| All real estate loans | $427,966 |
| Real estate loans in domestic offices | $427,966 |
| Construction and development loans | $13,502 |
| Residential 1-4 family construction | $3,692 |
| Other construction, all land development and other land | $9,810 |
| Loans secured by nonfarm nonresidential properties | $88,751 |
| Nonfarm nonresidential secured by owner-occupied properties | $32,867 |
| Commercial real estate & other non-farm, non-residential | $55,884 |
| Multifamily residential real estate | $112,218 |
| 1-4 family residential loans | $213,495 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $10,078 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $898 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $898 |
| All other loans & leases | $28 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $28 |
| 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 | $446 |
| Non 1-4 family restructured loans & leases | $26 |
| Total loans and leases (foreign) | $0 |
ROYAL FINANCIAL had $435,347,000 of loans outstanding in 2020. $427,966,000 of loans were in real estate loans. $13,502,000 of loans were in development loans. $112,218,000 of loans were in multifamily mortgage loans. $213,495,000 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 | 162 | $40,694 | $251,198 |
| Nonfarm, nonresidential loans - <$100k | 22 | $1,289 | $58,591 |
| Nonfarm, nonresidential loans - $100-250k | 67 | $10,292 | $153,612 |
| Nonfarm, nonresidential loans - $250k-1MM | 73 | $29,113 | $398,808 |
| Commercial & Industrial, US addressed loans - <$1MM | 139 | $9,383 | $67,504 |
| Commercial & Industrial, US addressed loans - <$100k | 95 | $2,061 | $21,695 |
| Commercial & Industrial, US addressed loans - $100-250k | 29 | $2,856 | $98,483 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 15 | $4,466 | $297,733 |