Auburnbank Mortgage Rates, Fees & Info
Auburn, ALLEI: RO7SIV4IZNEGU4EXXS92
Tax ID: 63-0015130
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Bank Data
Review & Overview
Auburnbank is a smaller bank specializing in Refi and Home Purchase loans. Auburnbank has a high proportion of conventional loans. Auburnbank has a low ratio of conventional loans. Their top markets by origination volume include: Auburn, Columbus, Gadsden, Alexander City, and Lagrange among others. We have data for 21 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. Auburnbank 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.
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Originations
475Origination Dollar Volume (All Markets)
$130,235,000Employee count
154Top 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) | 337 | $82,655,000 | $245,267 | $4,048 | 3.38% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 41 | $17,165,000 | $418,659 | $0 | 0.00% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $7,795,000 | $7,795,000 | $0 | 0.00% |
| Alexander City, AL (FHA|USDA|VA) | 27 | $7,355,000 | $272,407 | $0 | 4.50% |
| LaGrange, GA-AL (FHA|USDA|VA) | 29 | $4,935,000 | $170,172 | $3,613 | 3.13% |
| Troy, AL (FHA|USDA|VA) | 1 | $2,065,000 | $2,065,000 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $1,940,000 | $194,000 | $0 | 0.00% |
| MONTGOMERY, AL (FHA|USDA|VA) | 7 | $1,695,000 | $242,143 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $1,400,000 | $233,333 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Atmore, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| ROME, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 463 | $128,145,000 | $276,771 | $0 | 0.00% |
| Conventional | 8 | $1,350,000 | $168,750 | $3,975 | 3.48% |
| VA | 4 | $740,000 | $185,000 | $0 | 0.00% |
For 2020, Auburnbank's most frequently originated type of loan was Conventional, with 463 originations. Their 2nd most popular type was Conventional, with 8 originations.
Loan Reason
For 2020, Auburnbank's most frequently cited loan purpose was Refi, with 254 originations. The 2nd most popular reason was Home Purchase, with 140 originations.
Loan Duration/Length
For 2020, Auburnbank's most frequently cited loan duration was Other, with 467 originations. The 2nd most popular length was 30 Year, with 5 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 2 | $200,000 | $100,000 |
| $2k-3k | 2 | $370,000 | $185,000 |
| $3k-4k | 2 | $560,000 | $280,000 |
Auburnbank's average total fees were $4,386, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 3 | $515,000 | $171,667 |
| 3-4% | 3 | $615,000 | $205,000 |
| 4-5% | 2 | $220,000 | $110,000 |
During 2020, Auburnbank's average interest rate for loans was 3.18%, while their most frequently originated rate bucket for loans was 2.5-3%, with 3 originations.
Loan Sizing
2020 saw Auburnbank place emphasis on $200k-400k loans with 189 originations, totaling $52,665,000 in origination value.
Applicant Income
Auburnbank lent most frequently to those with incomes in the $100k-150k range, with 125 originations. The second most popular income band? $150k-250k, with 74 originations.
Applicant Debt to Income Ratio
Auburnbank lent most frequently to those with DTI ratios of Exempt%, with 467 originations. The next most common DTI ratio? <20%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.84%
Auburnbank has an average approval rate.
Pick Rate
Approvals leading to origination88.21%
Auburnbank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 467 | $128,885,000 | $275,985 |
| NA | 8 | $1,350,000 | $168,750 |
Occupancy Type Mix
LTV Distribution
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Auburnbank | 132 Fob James Drive Valley, AL 36854 | Full Service B&M | $47,825 |
| Auburnbank | 132 North Gay Street Auburn, AL 36830 | Full Service B&M | $469,362 |
| Auburnbank | 1351 S. Donahue Drive Auburn, AL 36830 | Full Service B&M | $27,956 |
| Auburnbank | 1851 Frederick Road Opelika, AL 36801 | Full Service B&M | $26,621 |
| Auburnbank | 215 South 6th Street Opelika, AL 36801 | Full Service B&M | $113,807 |
| Auburnbank | 2315 Bentcreek Road Auburn, AL 36830 | Full Service B&M | $72,238 |
| Auburnbank | 819 East Glenn Ave Suite 110 Auburn, AL 36830 | Full Service Retail | $59,041 |
| Auburnbank | 950 Auburn Rd. Notasulga, AL 36866 | Full Service B&M | $17,017 |
For 2020, Auburnbank had 8 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $28,256 |
| Net interest income | $24,401 |
| Total noninterest income | $5,125 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $585 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $4,540 |
| Pre-tax net operating income | $8,348 |
| Securities gains (or losses, -) | $103 |
| Income before extraordinary items | $6,956 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $6,956 |
| Minority interest net income | $0 |
| Net income | $6,956 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $6,871 |
Auburnbank's gross interest income from loans was $28,256,000.
Auburnbank's net interest income from loans was $24,401,000.
Auburnbank's fee based income from loans was $585,000.
Auburnbank's net income from loans was $6,956,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,855 |
| Provision for credit losses | $1,100 |
| Total noninterest expense | $20,078 |
| Salaries and employee benefits | $11,316 |
| Premises and equipment expense | $3,226 |
| Additional noninterest expense | $5,536 |
| Applicable income taxes | $1,495 |
| Net charge-offs | $-132 |
| Cash dividends | $3,638 |
Auburnbank's interest expense for loans was $3,855,000.
Auburnbank's payroll and benefits expense were $11,316,000.
Auburnbank's property, plant and equipment expenses $3,226,000.
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 | 1.0% |
| 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 | $843,841 |
| Deposits held in domestic offices | $843,841 |
| Deposits by Individuals, partnerships, and corporations | $682,971 |
| Deposits by U.S. Government | $4,617 |
| Deposits by States and political subdivisions in the U.S. | $156,252 |
| 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 | $114,963 |
| Demand deposits | $47,995 |
| Nontransaction accounts | $728,877 |
| Money market deposit accounts (MMDAs) | $199,615 |
| Other savings deposits (excluding MMDAs) | $368,861 |
| Total time deposits | $160,401 |
| Total time and savings deposits | $795,845 |
| Noninterest-bearing deposits | $249,447 |
| Interest-bearing deposits | $594,394 |
| Retail deposits | $788,548 |
| IRAs and Keogh plan accounts | $26,562 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $956,496 |
| Cash & Balances due from depository institutions | $84,018 |
| Interest-bearing balances | $69,150 |
| Total securities | $335,177 |
| Federal funds sold & reverse repurchase | $28,557 |
| Net loans and leases | $459,500 |
| Loan and leases loss allowance | $5,618 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $22,885 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $1,330 |
| All other assets | $25,029 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $956,496 |
| Total Liabilities | $852,800 |
| Total deposits | $843,841 |
| Interest-bearing deposits | $594,394 |
| Deposits held in domestic offices | $843,841 |
| % insured (estimated) | $62 |
| Federal funds purchased and repurchase agreements | $2,392 |
| Trading liabilities | $0 |
| Other borrowed funds | $811 |
| Subordinated debt | $0 |
| All other liabilities | $5,756 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $459,500 |
| Loan and leases loss allowance | $5,618 |
| Total loans and leases (domestic) | $465,118 |
| All real estate loans | $361,987 |
| Real estate loans in domestic offices | $361,987 |
| Construction and development loans | $33,514 |
| Residential 1-4 family construction | $10,088 |
| Other construction, all land development and other land | $23,426 |
| Loans secured by nonfarm nonresidential properties | $199,522 |
| Nonfarm nonresidential secured by owner-occupied properties | $55,551 |
| Commercial real estate & other non-farm, non-residential | $143,971 |
| Multifamily residential real estate | $40,203 |
| 1-4 family residential loans | $87,465 |
| Farmland loans | $1,283 |
| Loans held in foreign offices | $0 |
| Farm loans | $574 |
| Commercial and industrial loans | $55,326 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $7,093 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $881 |
| Other loans to individuals | $6,212 |
| All other loans & leases | $40,925 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $179 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $468 |
| 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 $459,500,000 of loans outstanding in 2020. $361,987,000 of loans were in real estate loans. $33,514,000 of loans were in development loans. $40,203,000 of loans were in multifamily mortgage loans. $87,465,000 of loans were in 1-4 family mortgage loans. $574,000 of loans were in farm loans. $0 of loans were in credit card loans. $881,000 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 | 235 | $69,759 | $296,847 |
| Nonfarm, nonresidential loans - <$100k | 40 | $1,819 | $45,475 |
| Nonfarm, nonresidential loans - $100-250k | 69 | $9,598 | $139,101 |
| Nonfarm, nonresidential loans - $250k-1MM | 126 | $58,342 | $463,032 |
| Commercial & Industrial, US addressed loans - <$1MM | 619 | $36,574 | $59,086 |
| Commercial & Industrial, US addressed loans - <$100k | 490 | $12,965 | $26,459 |
| Commercial & Industrial, US addressed loans - $100-250k | 85 | $9,589 | $112,812 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 44 | $14,020 | $318,636 |
| Farmland loans - <$1MM | 10 | $1,283 | $128,300 |
| Farmland loans - <$100k | 5 | $227 | $45,400 |
| Farmland loans - $100-250k | 3 | $638 | $212,667 |
| Farmland loans - $250k-1MM | 2 | $418 | $209,000 |
| Agriculture operations loans - <$1MM | 22 | $574 | $26,091 |
| Agriculture operations loans - <$100k | 20 | $511 | $25,550 |
| Agriculture operations loans - $100-250k | 2 | $63 | $31,500 |