River City Bank Mortgage Rates, Fees & Info

Louisville, KY

LEI: 5493002UNUIL8WHZAD63

Tax ID: 61-1100657

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Mortgage Data

Review & Overview

River City Bank is a smaller bank specializing in Home Purchase loans. River City Bank has a high proportion of conventional loans. Their top markets by origination volume include: Louisville, Elizabethtown, Bowling Green, and Bardstown among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

River City Bank 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

265

Origination Dollar Volume (All Markets)

$73,525,000

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
LOUISVILLE, KY (FHA|USDA|VA) 247 $70,925,000 $287,146 $0 0.00%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 11 $1,795,000 $163,182 $0 0.00%
BOWLING GREEN, KY (FHA|USDA|VA) 2 $310,000 $155,000 $0 0.00%
Bardstown, KY (FHA|USDA|VA) 2 $290,000 $145,000 $0 0.00%
Outside of Metro Areas 3 $205,000 $68,333 $0 0.00%
River City Bank's top markets include Louisville, Elizabethtown, Bowling Green, and Bardstown among others.

Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 265 $73,525,000 $277,453 $0 0.00%

    For 2023, River City Bank's most frequently originated type of loan was Conventional, with 265 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 207 $67,525,000 $326,208 $0 0.00%
    Home Improvement 30 $2,680,000 $89,333 $0 0.00%
    Refi 24 $2,680,000 $111,667 $0 0.00%
    Other 4 $640,000 $160,000 $0 0.00%

    For 2023, River City Bank's most frequently cited loan purpose was Home Purchase, with 207 originations. The 2nd most popular reason was Home Improvement, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 265 $73,525,000 $277,453 $0 0.00%

    For 2023, River City Bank's most frequently cited loan duration was Other, with 265 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 119 $17,105,000 $143,739 $0 0.00%
    $100,000 or less 79 $4,855,000 $61,456 $0 0.00%
    $200k-400k 42 $11,200,000 $266,667 $0 0.00%
    $400k-600k 15 $6,995,000 $466,333 $0 0.00%
    $600k-1MM 6 $4,450,000 $741,667 $0 0.00%
    $1MM+ 4 $28,920,000 $7,230,000 $0 0.00%

    2023 saw River City Bank place emphasis on $100k-200k loans with 119 originations, totaling $17,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 26 $3,650,000 $140,385 $0 0.00%
    $50k or less 25 $4,035,000 $161,400 $0 0.00%
    $75k-100k 22 $3,290,000 $149,545 $0 0.00%
    $150k-250k 16 $4,160,000 $260,000 $0 0.00%
    $100k-150k 15 $1,935,000 $129,000 $0 0.00%
    $250k+ 9 $4,055,000 $450,556 $0 0.00%

    River City Bank lent most frequently to those with incomes in the $50k-75k range, with 26 originations. The second most popular income band? $50k or less, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 265 $73,525,000 $277,453 $0 0.00%

    River City Bank lent most frequently to those with DTI ratios of Exempt%, with 265 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 149 $51,205,000 $343,658 $0 0.00%
    White 79 $16,935,000 $214,367 $0 0.00%
    Not provided 22 $3,040,000 $138,182 $0 0.00%
    Black 10 $1,450,000 $145,000 $0 0.00%
    Asian 5 $895,000 $179,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.37%

    River City Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    66.04%

    River City Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 265 $73,525,000 $277,453

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    265 $73,525,000 $277,453