Auburnbank Mortgage Rates, Fees & Info
Auburn, ALLEI: RO7SIV4IZNEGU4EXXS92
Tax ID: 63-0015130
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Mortgage Data
Bank Data
Review & Overview
Auburnbank is a smaller bank specializing in Refi and Home Purchase loans. Auburnbank has a high proportion of conventional loans. Their top markets by origination volume include: Auburn, Gadsden, Alexander City, Columbus, and Troy among others. We have data for 16 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.
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Originations
302Origination Dollar Volume (All Markets)
$80,830,000Employee count
152Top 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) | 217 | $51,395,000 | $236,843 | $0 | 0.00% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $7,605,000 | $7,605,000 | $0 | 0.00% |
| Alexander City, AL (FHA|USDA|VA) | 14 | $5,220,000 | $372,857 | $0 | 0.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 23 | $3,955,000 | $171,957 | $0 | 0.00% |
| Troy, AL (FHA|USDA|VA) | 2 | $3,570,000 | $1,785,000 | $0 | 0.00% |
| LaGrange, GA-AL (FHA|USDA|VA) | 14 | $2,580,000 | $184,286 | $0 | 0.00% |
| MONTGOMERY, AL (FHA|USDA|VA) | 11 | $2,305,000 | $209,545 | $0 | 0.00% |
| Outside of Metro Areas | 9 | $1,755,000 | $195,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| ROME, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 301 | $80,415,000 | $267,159 | $0 | 0.00% |
| VA | 1 | $415,000 | $415,000 | $0 | 0.00% |
For 2021, Auburnbank's most frequently originated type of loan was Conventional, with 301 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2021, Auburnbank's most frequently cited loan purpose was Refi, with 130 originations. The 2nd most popular reason was Home Purchase, with 111 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 302 | $80,830,000 | $267,649 | $0 | 0.00% |
For 2021, Auburnbank's most frequently cited loan duration was Other, with 302 originations.
Loan Sizing
2021 saw Auburnbank place emphasis on $100k-200k loans with 108 originations, totaling $15,650,000 in origination value.
Applicant Income
Auburnbank lent most frequently to those with incomes in the $100k-150k range, with 65 originations. The second most popular income band? $75k-100k, with 50 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 302 | $80,830,000 | $267,649 | $0 | 0.00% |
Auburnbank lent most frequently to those with DTI ratios of Exempt%, with 302 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.55%
Auburnbank has an average approval rate.
Pick Rate
Approvals leading to origination86.09%
Auburnbank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 302 | $80,830,000 | $267,649 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Auburnbank | 1351 S. Donahue Drive Auburn, AL 36830 | Full Service B&M | $32,698 |
| Auburnbank | 215 South 6th Street Opelika, AL 36801 | Full Service B&M | $125,204 |
| Auburnbank | 2315 Bentcreek Road Auburn, AL 36830 | Full Service B&M | $87,432 |
| Auburnbank | 819 East Glenn Ave Suite 110 Auburn, AL 36830 | Full Service Retail | $69,163 |
| Auburnbank | 950 Auburn Rd. Notasulga, AL 36866 | Full Service B&M | $18,408 |
| Auburnbank | 1851 Frederick Road Opelika, AL 36801 | Full Service B&M | $37,018 |
| Auburnbank | 132 N Gay St Auburn, AL 36830 | Full Service B&M | $501,511 |
| Auburnbank | 132 Fob James Drive Valley, AL 36854 | Full Service B&M | $55,590 |
For 2021, Auburnbank had 8 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $26,552 |
| Net interest income | $24,035 |
| Total noninterest income | $4,023 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $566 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $3,457 |
| Pre-tax net operating income | $8,954 |
| Securities gains (or losses, -) | $15 |
| Income before extraordinary items | $7,645 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $7,645 |
| Minority interest net income | $0 |
| Net income | $7,645 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $7,632 |
Auburnbank's gross interest income from loans was $26,552,000.
Auburnbank's net interest income from loans was $24,035,000.
Auburnbank's fee based income from loans was $566,000.
Auburnbank's net income from loans was $7,645,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,517 |
| Provision for credit losses | $-600 |
| Total noninterest expense | $19,704 |
| Salaries and employee benefits | $11,710 |
| Premises and equipment expense | $2,191 |
| Additional noninterest expense | $5,803 |
| Applicable income taxes | $1,324 |
| Net charge-offs | $79 |
| Cash dividends | $3,682 |
Auburnbank's interest expense for loans was $2,517,000.
Auburnbank's payroll and benefits expense were $11,710,000.
Auburnbank's property, plant and equipment expenses $2,191,000.
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 | $996,948 |
| Deposits held in domestic offices | $996,948 |
| Deposits by Individuals, partnerships, and corporations | $814,323 |
| Deposits by U.S. Government | $4,930 |
| Deposits by States and political subdivisions in the U.S. | $177,696 |
| 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 | $89,381 |
| Demand deposits | $58,891 |
| Nontransaction accounts | $907,568 |
| Money market deposit accounts (MMDAs) | $243,255 |
| Other savings deposits (excluding MMDAs) | $504,662 |
| Total time deposits | $159,652 |
| Total time and savings deposits | $938,058 |
| Noninterest-bearing deposits | $318,837 |
| Interest-bearing deposits | $678,111 |
| Retail deposits | $938,707 |
| IRAs and Keogh plan accounts | $25,813 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,104,523 |
| Cash & Balances due from depository institutions | $78,839 |
| Interest-bearing balances | $67,629 |
| Total securities | $421,891 |
| Federal funds sold & reverse repurchase | $77,420 |
| Net loans and leases | $454,802 |
| Loan and leases loss allowance | $4,939 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $41,786 |
| Other real estate owned | $374 |
| Goodwill and other intangibles | $1,309 |
| All other assets | $28,102 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,104,523 |
| Total Liabilities | $1,003,572 |
| Total deposits | $996,948 |
| Interest-bearing deposits | $678,111 |
| Deposits held in domestic offices | $996,948 |
| % insured (estimated) | $58 |
| Federal funds purchased and repurchase agreements | $3,448 |
| Trading liabilities | $0 |
| Other borrowed funds | $710 |
| Subordinated debt | $0 |
| All other liabilities | $2,466 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $454,802 |
| Loan and leases loss allowance | $4,939 |
| Total loans and leases (domestic) | $459,741 |
| All real estate loans | $355,474 |
| Real estate loans in domestic offices | $355,474 |
| Construction and development loans | $31,170 |
| Residential 1-4 family construction | $10,283 |
| Other construction, all land development and other land | $20,887 |
| Loans secured by nonfarm nonresidential properties | $201,701 |
| Nonfarm nonresidential secured by owner-occupied properties | $63,375 |
| Commercial real estate & other non-farm, non-residential | $138,326 |
| Multifamily residential real estate | $42,587 |
| 1-4 family residential loans | $78,980 |
| Farmland loans | $1,036 |
| Loans held in foreign offices | $0 |
| Farm loans | $447 |
| Commercial and industrial loans | $50,723 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $6,673 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $1,108 |
| Other loans to individuals | $5,565 |
| All other loans & leases | $47,182 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $2,791 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $3,069 |
| 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 $454,802,000 of loans outstanding in 2021. $355,474,000 of loans were in real estate loans. $31,170,000 of loans were in development loans. $42,587,000 of loans were in multifamily mortgage loans. $78,980,000 of loans were in 1-4 family mortgage loans. $447,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,108,000 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 | 219 | $64,602 | $294,986 |
| Nonfarm, nonresidential loans - <$100k | 34 | $1,542 | $45,353 |
| Nonfarm, nonresidential loans - $100-250k | 65 | $9,149 | $140,754 |
| Nonfarm, nonresidential loans - $250k-1MM | 120 | $53,911 | $449,258 |
| Commercial & Industrial, US addressed loans - <$1MM | 425 | $25,975 | $61,118 |
| Commercial & Industrial, US addressed loans - <$100k | 330 | $9,267 | $28,082 |
| Commercial & Industrial, US addressed loans - $100-250k | 58 | $5,916 | $102,000 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 37 | $10,792 | $291,676 |
| Farmland loans - <$1MM | 10 | $1,036 | $103,600 |
| Farmland loans - <$100k | 6 | $277 | $46,167 |
| Farmland loans - $100-250k | 2 | $396 | $198,000 |
| Farmland loans - $250k-1MM | 2 | $363 | $181,500 |
| Agriculture operations loans - <$1MM | 18 | $447 | $24,833 |
| Agriculture operations loans - <$100k | 18 | $447 | $24,833 |