Auburnbank Mortgage Rates, Fees & Info
Auburn, ALLEI: RO7SIV4IZNEGU4EXXS92
Tax ID: 63-0015130
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Review & Overview
Auburnbank is a smaller bank specializing in Home Purchase and Refi loans. Auburnbank has a high proportion of conventional loans. Their top markets by origination volume include: Auburn, Columbus, Gadsden, Alexander City, and Lagrange among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Auburnbank 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.
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.
Originations
257Origination Dollar Volume (All Markets)
$67,925,000Employee count
163Top 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 |
|---|---|---|---|---|---|
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 187 | $39,765,000 | $212,647 | $0 | 0.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 31 | $8,605,000 | $277,581 | $0 | 0.00% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $7,795,000 | $7,795,000 | $0 | 0.00% |
| Alexander City, AL (FHA|USDA|VA) | 13 | $4,355,000 | $335,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $4,050,000 | $1,012,500 | $0 | 0.00% |
| LaGrange, GA-AL (FHA|USDA|VA) | 12 | $1,390,000 | $115,833 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $1,140,000 | $570,000 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| ROME, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 255 | $67,185,000 | $263,471 | $0 | 0.00% |
| VA | 2 | $740,000 | $370,000 | $0 | 0.00% |
For 2019, Auburnbank's most frequently originated type of loan was Conventional, with 255 originations. Their 2nd most popular type was VA, with 2 originations.
Loan Reason
For 2019, Auburnbank's most frequently cited loan purpose was Home Purchase, with 131 originations. The 2nd most popular reason was Refi, with 80 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 257 | $67,925,000 | $264,300 | $0 | 0.00% |
For 2019, Auburnbank's most frequently cited loan duration was Other, with 257 originations.
Loan Sizing
2019 saw Auburnbank place emphasis on $100k-200k loans with 92 originations, totaling $13,340,000 in origination value.
Applicant Income
Auburnbank lent most frequently to those with incomes in the $100k-150k range, with 53 originations. The second most popular income band? $50k-75k, with 47 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 257 | $67,925,000 | $264,300 | $0 | 0.00% |
Auburnbank lent most frequently to those with DTI ratios of Exempt%, with 257 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.77%
Auburnbank has an average approval rate.
Pick Rate
Approvals leading to origination87.16%
Auburnbank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 257 | $67,925,000 | $264,300 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| AuburnBank | 132 Fob James Drive Valley, AL 36854 | Full Service B&M | $46,479 |
| AuburnBank | 1351 S. Donahue Drive Auburn, AL 36830 | Full Service B&M | $24,180 |
| AuburnBank | 1851 Frederick Road Opelika, AL 36801 | Full Service B&M | $20,311 |
| AuburnBank | 215 South 6th Street Opelika, AL 36801 | Full Service B&M | $92,883 |
| AuburnBank | 2315 Bentcreek Road Auburn, AL 36830 | Full Service B&M | $61,791 |
| AuburnBank | 819 East Glenn Ave Suite 110 Auburn, AL 36830 | Full Service Retail | $52,774 |
| AuburnBank | 950 Auburn Rd. Notasulga, AL 36866 | Full Service B&M | $14,953 |
| AuburnBank | 100 North Gay Street Auburn, AL 36830 | Full Service B&M | $429,489 |
For 2019, Auburnbank had 8 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $30,318 |
| Net interest income | $26,134 |
| Total noninterest income | $5,439 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $717 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $4,722 |
| Pre-tax net operating income | $12,100 |
| Securities gains (or losses, -) | $-123 |
| Income before extraordinary items | $9,634 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $9,634 |
| Minority interest net income | $0 |
| Net income | $9,634 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $9,732 |
Auburnbank's gross interest income from loans was $30,318,000.
Auburnbank's net interest income from loans was $26,134,000.
Auburnbank's fee based income from loans was $717,000.
Auburnbank's net income from loans was $9,634,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,184 |
| Provision for credit losses | $-250 |
| Total noninterest expense | $19,723 |
| Salaries and employee benefits | $11,931 |
| Premises and equipment expense | $2,133 |
| Additional noninterest expense | $5,659 |
| Applicable income taxes | $2,343 |
| Net charge-offs | $154 |
| Cash dividends | $8,574 |
Auburnbank's interest expense for loans was $4,184,000.
Auburnbank's payroll and benefits expense were $11,931,000.
Auburnbank's property, plant and equipment expenses $2,133,000.
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 | 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 | $728,271 |
| Deposits held in domestic offices | $728,271 |
| Deposits by Individuals, partnerships, and corporations | $583,087 |
| Deposits by U.S. Government | $4,361 |
| Deposits by States and political subdivisions in the U.S. | $140,823 |
| 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 | $63,338 |
| Demand deposits | $41,938 |
| Nontransaction accounts | $664,933 |
| Money market deposit accounts (MMDAs) | $160,762 |
| Other savings deposits (excluding MMDAs) | $336,973 |
| Total time deposits | $167,199 |
| Total time and savings deposits | $686,333 |
| Noninterest-bearing deposits | $200,337 |
| Interest-bearing deposits | $527,934 |
| Retail deposits | $670,906 |
| IRAs and Keogh plan accounts | $27,601 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $828,494 |
| Cash & Balances due from depository institutions | $66,499 |
| Interest-bearing balances | $51,327 |
| Total securities | $235,902 |
| Federal funds sold & reverse repurchase | $25,944 |
| Net loans and leases | $458,717 |
| Loan and leases loss allowance | $4,386 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $16,143 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $1,298 |
| All other assets | $23,991 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $828,494 |
| Total Liabilities | $733,656 |
| Total deposits | $728,271 |
| Interest-bearing deposits | $527,934 |
| Deposits held in domestic offices | $728,271 |
| % insured (estimated) | $64 |
| Federal funds purchased and repurchase agreements | $1,069 |
| Trading liabilities | $0 |
| Other borrowed funds | $788 |
| Subordinated debt | $0 |
| All other liabilities | $3,528 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $458,717 |
| Loan and leases loss allowance | $4,386 |
| Total loans and leases (domestic) | $463,103 |
| All real estate loans | $382,282 |
| Real estate loans in domestic offices | $382,282 |
| Construction and development loans | $31,910 |
| Residential 1-4 family construction | $10,612 |
| Other construction, all land development and other land | $21,298 |
| Loans secured by nonfarm nonresidential properties | $209,610 |
| Nonfarm nonresidential secured by owner-occupied properties | $60,893 |
| Commercial real estate & other non-farm, non-residential | $148,717 |
| Multifamily residential real estate | $44,839 |
| 1-4 family residential loans | $94,728 |
| Farmland loans | $1,195 |
| Loans held in foreign offices | $0 |
| Farm loans | $403 |
| Commercial and industrial loans | $37,206 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $8,856 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $1,210 |
| Other loans to individuals | $7,646 |
| All other loans & leases | $34,837 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $115 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $256 |
| 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 |
AuburnBank had $458,717,000 of loans outstanding in 2019. $382,282,000 of loans were in real estate loans. $31,910,000 of loans were in development loans. $44,839,000 of loans were in multifamily mortgage loans. $94,728,000 of loans were in 1-4 family mortgage loans. $403,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,210,000 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 | 236 | $67,853 | $287,513 |
| Nonfarm, nonresidential loans - <$100k | 44 | $1,971 | $44,795 |
| Nonfarm, nonresidential loans - $100-250k | 66 | $8,688 | $131,636 |
| Nonfarm, nonresidential loans - $250k-1MM | 126 | $57,194 | $453,921 |
| Commercial & Industrial, US addressed loans - <$1MM | 350 | $21,431 | $61,231 |
| Commercial & Industrial, US addressed loans - <$100k | 264 | $6,908 | $26,167 |
| Commercial & Industrial, US addressed loans - $100-250k | 48 | $4,907 | $102,229 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 38 | $9,616 | $253,053 |
| Farmland loans - <$1MM | 9 | $1,195 | $132,778 |
| Farmland loans - <$100k | 5 | $279 | $55,800 |
| Farmland loans - $100-250k | 1 | $220 | $220,000 |
| Farmland loans - $250k-1MM | 3 | $696 | $232,000 |
| Agriculture operations loans - <$1MM | 16 | $403 | $25,188 |
| Agriculture operations loans - <$100k | 14 | $306 | $21,857 |
| Agriculture operations loans - $100-250k | 2 | $97 | $48,500 |