Rockland Trust Company Mortgage Rates, Fees & Info

Rockland, MA

LEI: TKT6FH38184ZYBTPKS77

Tax ID: 04-1782600

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • 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

    Rockland Trust Company is a smaller mortgage company specializing in Home Purchase and Refi loans. Rockland Trust Company has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Boston, Barnstable Town, Providence, Portland, and Vineyard Haven among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Rockland Trust Company 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. Rockland Trust Company 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
    Home Equity Line of Credit (HELOC) 6.27% 12/3/24
    30 Year Conventional Purchase 5.73% 12/3/24
    30 Year Conventional Refi 6.03% 12/3/24
    30 Year Cash-out Refi 6.14% 12/3/24
    30 Year FHA Purchase 7.04% 12/3/24
    30 Year FHA Refi 6.77% 12/3/24
    30 Year VA Purchase 6.57% 12/3/24
    15 Year Conventional Purchase 5.44% 12/3/24
    15 Year Conventional Refi 6.08% 12/3/24
    15 Year Cash-out Refi 6.08% 12/3/24
    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.

    Rockland Trust Company Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Rockland Trust Company. 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

    3,457

    Origination Dollar Volume (All Markets)

    $931,225,000

    Employee count

    1,188

    Awards

    Rockland Trust Company 30 Year Conventional Loans silver Rockland Trust Company FHA Loans gold
    Show all (2) 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
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2,496 $669,210,000 $268,113 $3,055 4.66%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 444 $92,690,000 $208,761 $1,655 4.58%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 360 $66,900,000 $185,833 $2,368 4.68%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 3 $42,465,000 $14,155,000 $4,055 4.27%
    Vineyard Haven, MA (FHA|USDA|VA) 58 $30,010,000 $517,414 $4,023 4.35%
    WORCESTER, MA-CT (FHA|USDA|VA) 67 $17,345,000 $258,881 $3,995 4.60%
    Outside of Metro Areas 11 $7,545,000 $685,909 $4,388 4.74%
    PITTSFIELD, MA (FHA|USDA|VA) 3 $1,215,000 $405,000 $0 5.25%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $1,070,000 $535,000 $5,872 4.52%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $550,000 $275,000 $2,752 4.90%
    Lebanon, NH-VT (FHA|USDA|VA) 2 $490,000 $245,000 $3,564 4.38%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $440,000 $220,000 $3,973 4.81%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $375,000 $375,000 $4,435 4.88%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $350,000 $175,000 $0 5.12%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $340,000 $170,000 $4,096 4.75%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $125,000 $125,000 $4,803 4.50%
    Keene, NH (FHA|USDA|VA) 1 $105,000 $105,000 $2,586 4.88%
    Rockland Trust Company's top markets include Boston, Barnstable Town, Providence, Portland, and Vineyard Haven among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Rockland Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Westport Federal Credit Union
    Similarity Rank: 23
    Notre Dame Community Federal Credit Union
    Similarity Rank: 38
    PAWTUCKET
    Similarity Rank: 60
    Bank of Easton
    Similarity Rank: 66
    Charter Oak Federal Credit Union
    Similarity Rank: 84
    SOMERSET
    Similarity Rank: 99
    MERRIMACK VALLEY
    Similarity Rank: 110
    Middlesex Federal Savings, F.A.
    Similarity Rank: 111
    Triangle Credit Union
    Similarity Rank: 147
    Martha's Vineyard Savings Bank
    Similarity Rank: 160

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,663 $608,605,000 $365,968 $2,180 4.72%
    HELOC 1,656 $275,380,000 $166,292 n/a 4.58%
    FHA 131 $45,325,000 $345,992 $9,472 4.51%
    VA 5 $1,385,000 $277,000 $9,533 4.45%
    USDA 2 $530,000 $265,000 $5,587 4.44%

    For 2018, Rockland Trust Company's most frequently originated type of loan was Conventional, with 1,663 originations. Their 2nd most popular type was HELOC, with 1,656 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,054 $461,390,000 $437,751 $4,656 4.65%
    Refi 976 $233,050,000 $238,781 $522 4.37%
    Home Improvement 716 $97,150,000 $135,684 $280 4.92%
    Other 519 $70,965,000 $136,734 $1,104 4.74%
    Cash Out Refi 192 $68,670,000 $357,656 $3,955 4.71%

    For 2018, Rockland Trust Company's most frequently cited loan purpose was Home Purchase, with 1,054 originations. The 2nd most popular reason was Refi, with 976 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,710 $335,550,000 $196,228 $625 4.61%
    30 Year 871 $312,375,000 $358,639 $4,579 4.64%
    20 Year 336 $66,350,000 $197,470 $349 4.74%
    15 Year 216 $39,580,000 $183,241 $715 4.08%
    10 Year 184 $101,150,000 $549,728 $55 5.04%
    5 Year 56 $19,420,000 $346,786 $0 5.17%
    1 Year 44 $27,110,000 $616,136 $0 5.98%
    30+ year 36 $27,330,000 $759,167 $8,513 4.43%
    3 Year 4 $2,360,000 $590,000 $0 5.49%

    For 2018, Rockland Trust Company's most frequently cited loan duration was Other, with 1,710 originations. The 2nd most popular length was 30 Year, with 871 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,220 $322,090,000 $264,008
    $1k-2k 191 $60,075,000 $314,529
    $2k-3k 57 $19,285,000 $338,333
    $5k+ 37 $24,565,000 $663,919
    $3k-4k 14 $5,510,000 $393,571
    $4k-5k 10 $3,520,000 $352,000

    Rockland Trust Company's average total fees were $4,579, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,220 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,909 $574,675,000 $301,035
    5-6% 634 $169,070,000 $266,672
    3-4% 517 $129,265,000 $250,029
    6-7% 212 $29,360,000 $138,491
    2.5-3% 152 $28,310,000 $186,250
    <2.5% 27 $245,000 $9,074
    7-8% 6 $300,000 $50,000

    During 2018, Rockland Trust Company's average interest rate for loans was 4.64%, while their most frequently originated rate bucket for loans was 4-5%, with 1,909 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,093 $303,655,000 $277,818 $3,344 4.48%
    $100k-200k 1,043 $138,085,000 $132,392 $1,220 4.31%
    $100,000 or less 725 $38,895,000 $53,648 $8 5.36%
    $400k-600k 360 $171,840,000 $477,333 $5,146 4.56%
    $600k-1MM 158 $113,590,000 $718,924 $5,603 4.70%
    $1MM+ 78 $165,160,000 $2,117,436 $7,908 5.08%

    2018 saw Rockland Trust Company place emphasis on $200k-400k loans with 1,093 originations, totaling $303,655,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 789 $164,195,000 $208,105 $2,607 4.63%
    $150k-250k 674 $166,170,000 $246,543 $2,626 4.54%
    $75k-100k 602 $118,850,000 $197,425 $2,881 4.62%
    $50k-75k 578 $104,120,000 $180,138 $2,970 4.62%
    $250k+ 354 $145,720,000 $411,638 $4,088 4.40%
    $50k or less 219 $25,435,000 $116,142 $2,098 4.78%

    Rockland Trust Company lent most frequently to those with incomes in the $100k-150k range, with 789 originations. The second most popular income band? $150k-250k, with 674 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 671 $138,995,000 $207,146 $1,714 4.59%
    30-36% 596 $132,900,000 $222,987 $2,606 4.59%
    <20% 246 $61,970,000 $251,911 $1,630 4.42%
    42% 190 $43,660,000 $229,789 $1,553 4.58%
    50-60% 151 $36,455,000 $241,424 $8,688 4.50%
    41% 138 $30,540,000 $221,304 $1,984 4.71%
    37% 137 $29,805,000 $217,555 $2,884 4.61%
    38% 122 $26,940,000 $220,820 $1,933 4.71%
    40% 118 $33,060,000 $280,169 $3,286 4.58%
    45% 117 $25,185,000 $215,256 $5,139 4.71%
    39% 114 $22,780,000 $199,825 $2,388 4.65%
    49% 107 $24,365,000 $227,710 $4,523 4.50%
    44% 105 $21,125,000 $201,190 $4,197 4.51%
    47% 98 $22,670,000 $231,327 $4,108 4.52%
    43% 91 $18,905,000 $207,747 $4,991 4.69%
    36% 88 $19,060,000 $216,591 $2,452 4.67%
    48% 73 $19,065,000 $261,164 $4,111 4.52%
    46% 67 $16,055,000 $239,627 $4,436 4.54%
    >60% 6 $1,820,000 $303,333 $802 4.43%

    Rockland Trust Company lent most frequently to those with DTI ratios of 20-30%, with 671 originations. The next most common DTI ratio? 30-36%, with 596 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,663 $581,975,000 $218,541 $2,520 4.62%
    Not applicable 191 $194,255,000 $1,017,042 $0 5.51%
    Not provided 381 $99,185,000 $260,328 $4,360 4.41%
    Asian 101 $29,745,000 $294,505 $3,140 4.42%
    Black 109 $23,585,000 $216,376 $4,040 4.62%
    Asian Indian 4 $990,000 $247,500 $3,842 4.06%
    Chinese 1 $695,000 $695,000 $0 5.00%
    Vietnamese 1 $365,000 $365,000 $3,140 4.75%
    American Indian 3 $245,000 $81,667 $0 4.78%
    Native Hawaiian or Islander 2 $110,000 $55,000 $0 6.24%
    Other Asian 1 $75,000 $75,000 $0 6.09%

    Approval Rates

    Total approvals of all applications
    73.33%

    Rockland Trust Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.16%

    Rockland Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,457 $931,225,000 $269,374

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $1,505,000 $1,505,000
    Multifamily:Site-Built 43 $82,305,000 $1,914,070
    Single Family (1-4 Units):Site-Built 3,413 $847,415,000 $248,290

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 874 $170,850,000 $195,481 $846 4.35%
    40-60% 447 $156,055,000 $349,116 $1,840 4.44%
    60-80% 693 $344,625,000 $497,294 $2,891 4.74%
    80-100% 510 $181,360,000 $355,608 $5,305 4.56%
    Over 100% 7 $2,635,000 $376,429 $8,527 4.29%
    Under 20% 926 $75,700,000 $81,749 $65 5.00%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Rockland Trust Company 1 Mechanic Street Foxboro, MA 2035 Full Service B&M $98,300
    Rockland Trust Company 10 Pond St Norwell, MA 2061 Full Service B&M $213,758
    Rockland Trust Company 100 Belmont Street Brockton, MA 2301 Full Service B&M $111,238
    Rockland Trust Company 100 Sgt. William B. Terry Drive Hingham, MA 2043 Full Service B&M $98,239
    Rockland Trust Company 100 Slades Ferry Avenue Somerset, MA 2726 Full Service B&M $168,034
    Rockland Trust Company 104 Main St Weymouth, MA 2188 Full Service B&M $62,203
    Rockland Trust Company 1192 Boylston Street Chestnut Hill, MA 2467 Full Service B&M $51,864
    Rockland Trust Company 1195 Falmouth Rd Centerville, MA 2632 Full Service B&M $76,672
    Rockland Trust Company 124 Main St Carver, MA 2330 Full Service B&M $63,642
    Rockland Trust Company 1290 Main Street Waltham, MA 2451 Full Service B&M $61,661
    Rockland Trust Company 135 South Main Street Middleboro, MA 2346 Full Service B&M $81,579
    Rockland Trust Company 1400 Fall River Avenue Seekonk, MA 2771 Full Service B&M $131,752
    Rockland Trust Company 147 Center St Pembroke, MA 2359 Full Service B&M $86,181
    Rockland Trust Company 170 Cambridge Street Burlington, MA 1803 Full Service B&M $73,807
    Rockland Trust Company 170 Needham Street Newton, MA 2464 Full Service B&M $6,414
    Rockland Trust Company 172 Clay Pond Road Bourne, MA 2532 Full Service B&M $56,614
    Rockland Trust Company 175 Broadway Arlington, MA 2474 Full Service B&M $39,759
    Rockland Trust Company 184 Summer St Kingston, MA 2364 Full Service B&M $109,124
    Rockland Trust Company 1905 Centre Street West Roxbury, MA 2132 Full Service B&M $57,089
    Rockland Trust Company 2 South Water Street Edgartown, MA 2539 Full Service B&M $58,770
    Rockland Trust Company 20 Davis Straits Falmouth, MA 2540 Full Service B&M $88,903
    Rockland Trust Company 221 Main Street Milford, MA 1757 Full Service B&M $54,663
    Rockland Trust Company 229 North Harvard Street Allston, MA 2134 Full Service B&M $56,531
    Rockland Trust Company 231 E Central St Franklin, MA 2038 Full Service B&M $78,320
    Rockland Trust Company 233 Broad St Bridgewater, MA 2324 Full Service B&M $101,466
    Rockland Trust Company 2420 Cranberry Highway West Wareham, MA 2576 Full Service B&M $67,493
    Rockland Trust Company 257 Edgartown Road Vineyard Haven, MA 2568 Full Service B&M $35,572
    Rockland Trust Company 257 Upper Main Street Edgartown, MA 2539 Full Service B&M $29,995
    Rockland Trust Company 264 Nantasket Avenue Hull, MA 2045 Full Service B&M $48,617
    Rockland Trust Company 264 Washington Street Brookline, MA 2445 Full Service B&M $57,233
    Rockland Trust Company 27 Bay Road At Hall's Corner Duxbury, MA 2332 Full Service B&M $111,191
    Rockland Trust Company 27 Melrose Street Melrose, MA 2176 Full Service B&M $62,755
    Rockland Trust Company 270 Mystic Avenue Medford, MA 2155 Full Service B&M $39,061
    Rockland Trust Company 272 Columbia Road Hanover, MA 2339 Full Service B&M $114,416
    Rockland Trust Company 275 Main Street Woburn, MA 1801 Full Service B&M $103,786
    Rockland Trust Company 275 New State Hwy Raynham, MA 2767 Full Service B&M $85,053
    Rockland Trust Company 288 Union Street Rockland, MA 2370 Full Service B&M $401,776
    Rockland Trust Company 290 Kingstown Way Duxbury, MA 2332 Limited, Mobile/Seasonal Office $7,658
    Rockland Trust Company 2995 Cranberry Hwy East Wareham, MA 2538 Full Service B&M $75,116
    Rockland Trust Company 30 South Main Street Middleboro, MA 2346 Full Service B&M $90,569
    Rockland Trust Company 301 Quincy Avenue Quincy, MA 2169 Full Service B&M $76,075
    Rockland Trust Company 31 Webster Square Marshfield, MA 2050 Full Service B&M $160,491
    Rockland Trust Company 32 Long Pond Road Plymouth, MA 2360 Full Service B&M $85,353
    Rockland Trust Company 330b Washington Street Wellesley Hills, MA 2481 Full Service B&M $37,230
    Rockland Trust Company 333 Cotuit Road Sandwich, MA 2563 Full Service B&M $47,675
    Rockland Trust Company 381 Centre Ave Abington, MA 2351 Full Service B&M $58,613
    Rockland Trust Company 397 East Falmouth Highway East Falmouth, MA 2536 Full Service B&M $63,373
    Rockland Trust Company 399 Highland Avenue Somerville, MA 2144 Full Service B&M $68,053
    Rockland Trust Company 4 North Main Street Bellingham, MA 2019 Full Service B&M $95,243
    Rockland Trust Company 40 Austin Street Newtonville, MA 2460 Full Service B&M $65,400
    Rockland Trust Company 405 Washington Street Braintree, MA 2184 Full Service B&M $266,213
    Rockland Trust Company 428 Station Avenue South Yarmouth, MA 2664 Full Service B&M $50,835
    Rockland Trust Company 434 Plymouth St Halifax, MA 2338 Full Service B&M $78,383
    Rockland Trust Company 435 Market St Brighton, MA 2135 Full Service B&M $128,523
    Rockland Trust Company 470 Liberty St Hanson, MA 2341 Full Service B&M $77,141
    Rockland Trust Company 485 Belmont Street Brockton, MA 2301 Full Service B&M $135,288
    Rockland Trust Company 490 Pleasant St Attleboro, MA 2703 Full Service B&M $120,066
    Rockland Trust Company 495 Hancock Street Quincy, MA 2171 Full Service B&M $40,099
    Rockland Trust Company 5 Shellback Way Mashpee, MA 2649 Full Service B&M $85,992
    Rockland Trust Company 57 Circuit Avenue Oak Bluffs, MA 2557 Full Service B&M $22,770
    Rockland Trust Company 57 West Bay Road Osterville, MA 2655 Full Service B&M $37,469
    Rockland Trust Company 58 Main Street Franklin, MA 2038 Full Service B&M $147,730
    Rockland Trust Company 608 Washington Street Stoughton, MA 2072 Full Service B&M $131,925
    Rockland Trust Company 61 Lenox St Norwood, MA 2062 Full Service B&M $38,711
    Rockland Trust Company 655 Main Street Chatham, MA 2633 Full Service B&M $48,838
    Rockland Trust Company 670 High Street Westwood, MA 2090 Full Service B&M $25,327
    Rockland Trust Company 692 Bedford St Whitman, MA 2382 Full Service B&M $63,190
    Rockland Trust Company 70 Main Street Orleans, MA 2653 Full Service B&M $61,268
    Rockland Trust Company 725 Centre Street Jamaica Plain, MA 2130 Full Service B&M $22,507
    Rockland Trust Company 728 State Road Manomet, MA 2345 Full Service B&M $70,306
    Rockland Trust Company 75 Huttelson Ave Fairhaven, MA 2719 Full Service B&M $131,146
    Rockland Trust Company 75 Moody Street Waltham, MA 2453 Full Service B&M $111,122
    Rockland Trust Company 76 North Street Medfield, MA 2052 Full Service B&M $88,136
    Rockland Trust Company 765 Main Street Hyannis, MA 2601 Full Service B&M $180,070
    Rockland Trust Company 768 Robeson Street Fall River, MA 2720 Full Service B&M $68,635
    Rockland Trust Company 77 Front Street Scituate, MA 2066 Full Service B&M $70,857
    Rockland Trust Company 773 Chief Justice Cushing Hwy Cohasset, MA 2025 Full Service B&M $78,847
    Rockland Trust Company 78 County Road North Falmouth, MA 2556 Full Service B&M $51,780
    Rockland Trust Company 8 Richards Rd Plymouth, MA 2360 Full Service Cyber Office $28,483
    Rockland Trust Company 833 Ashley Boulevard New Bedford, MA 2745 Full Service B&M $46,080
    Rockland Trust Company 84 North Main Street Randolph, MA 2368 Full Service B&M $69,196
    Rockland Trust Company 855 Brayton Avenue Fall River, MA 2721 Full Service B&M $58,284
    Rockland Trust Company 88 Montvale Avenue Woburn, MA 1801 Limited, Mobile/Seasonal Office $702
    Rockland Trust Company 932 Main St West Dennis, MA 2670 Full Service B&M $55,594
    Rockland Trust Company 94 Court Street Plymouth, MA 2360 Full Service B&M $45,239
    Rockland Trust Company One Pilgrim Hill Road Plymouth, MA 2360 Full Service B&M $160,283

    For 2018, Rockland Trust Company had 86 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $327,510
    Net interest income $306,207
    Total noninterest income $87,058
    Gross Fiduciary activities income $23,441
    Service charges on deposit accounts $18,940
    Trading account gains and fees $2,967
    Additional Noninterest Income $41,710
    Pre-tax net operating income $161,298
    Securities gains (or losses, -) $-1,225
    Income before extraordinary items $124,618
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $124,618
    Minority interest net income $0
    Net income $124,618
    Sale, conversion, retirement of capital stock, net $4,225
    Net operating income $125,585

    Rockland Trust Company's gross interest income from loans was $327,510,000.
    Rockland Trust Company's net interest income from loans was $306,207,000.
    Rockland Trust Company's fee based income from loans was $18,940,000.
    Rockland Trust Company's net income from loans was $124,618,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $21,303
    Provision for credit losses $4,775
    Total noninterest expense $227,192
    Salaries and employee benefits $124,751
    Premises and equipment expense $26,139
    Additional noninterest expense $76,302
    Applicable income taxes $35,455
    Net charge-offs $1,125
    Cash dividends $71,169

    Rockland Trust Company's interest expense for loans was $21,303,000.
    Rockland Trust Company's payroll and benefits expense were $124,751,000.
    Rockland Trust Company's property, plant and equipment expenses $26,139,000.

    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 2.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 6.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $7,493,647
    Deposits held in domestic offices $7,493,647
    Deposits by Individuals, partnerships, and corporations $6,876,863
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $599,867
    Deposits by Commercial banks and other depository institutions in U.S. $16,917
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,611,629
    Demand deposits $933,178
    Nontransaction accounts $5,882,018
    Money market deposit accounts (MMDAs) $4,158,564
    Other savings deposits (excluding MMDAs) $1,012,272
    Total time deposits $711,182
    Total time and savings deposits $6,560,469
    Noninterest-bearing deposits $2,540,160
    Interest-bearing deposits $4,953,487
    Retail deposits $7,386,239
    IRAs and Keogh plan accounts $141,286
    Brokered deposits $8,472
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $8,850,543
    Cash & Balances due from depository institutions $250,503
    Interest-bearing balances $122,953
    Total securities $1,073,719
    Federal funds sold & reverse repurchase $0
    Net loans and leases $6,848,332
    Loan and leases loss allowance $64,293
    Trading account assets $18,663
    Bank premises and fixed assets $88,702
    Other real estate owned $0
    Goodwill and other intangibles $272,800
    All other assets $297,824

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $8,850,543
    Total Liabilities $7,724,431
    Total deposits $7,493,647
    Interest-bearing deposits $4,953,487
    Deposits held in domestic offices $7,493,647
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $17,132
    Other borrowed funds $147,806
    Subordinated debt $0
    All other liabilities $65,846

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $6,848,332
    Loan and leases loss allowance $64,293
    Total loans and leases (domestic) $6,912,625
    All real estate loans $5,699,479
    Real estate loans in domestic offices $5,699,479
    Construction and development loans $484,588
    Residential 1-4 family construction $181,583
    Other construction, all land development and other land $303,005
    Loans secured by nonfarm nonresidential properties $2,343,840
    Nonfarm nonresidential secured by owner-occupied properties $612,047
    Commercial real estate & other non-farm, non-residential $1,731,793
    Multifamily residential real estate $499,642
    1-4 family residential loans $2,367,957
    Farmland loans $3,452
    Loans held in foreign offices $0
    Farm loans $14,920
    Commercial and industrial loans $1,091,525
    To non-U.S. addressees $0
    Loans to individuals $14,051
    Credit card loans $0
    Related Plans $7,740
    Consumer Auto Loans $66
    Other loans to individuals $6,245
    All other loans & leases $92,650
    Loans to foreign governments and official institutions $0
    Other loans $10,480
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,963
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $23,604
    Non 1-4 family restructured loans & leases $8,107
    Total loans and leases (foreign) $0

    Rockland Trust Company had $6,848,332,000 of loans outstanding in 2018. $5,699,479,000 of loans were in real estate loans. $484,588,000 of loans were in development loans. $499,642,000 of loans were in multifamily mortgage loans. $2,367,957,000 of loans were in 1-4 family mortgage loans. $14,920,000 of loans were in farm loans. $0 of loans were in credit card loans. $66,000 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 2,005 $607,115 $302,800
    Nonfarm, nonresidential loans - <$100k 142 $6,720 $47,324
    Nonfarm, nonresidential loans - $100-250k 565 $72,952 $129,119
    Nonfarm, nonresidential loans - $250k-1MM 1,298 $527,443 $406,351
    Commercial & Industrial, US addressed loans - <$1MM 8,604 $448,925 $52,176
    Commercial & Industrial, US addressed loans - <$100k 7,230 $148,370 $20,521
    Commercial & Industrial, US addressed loans - $100-250k 745 $83,884 $112,596
    Commercial & Industrial, US addressed loans - $250k-1MM 629 $216,671 $344,469
    Farmland loans - <$1MM 8 $1,413 $176,625
    Farmland loans - $100-250k 4 $445 $111,250
    Farmland loans - $250k-1MM 4 $968 $242,000
    Agriculture operations loans - <$1MM 61 $1,239 $20,311
    Agriculture operations loans - <$100k 58 $984 $16,966
    Agriculture operations loans - $100-250k 3 $255 $85,000