Bryant Bank Mortgage Rates, Fees & Info

Tuscaloosa, AL

LEI: 54930069UB3VEGAQ9661

Tax ID: 20-2960984

5 stars - out of 5 stars, based on 28 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Bryant Bank is a smaller bank specializing in Home Purchase and Refi loans. Bryant Bank has a high proportion of conventional loans. Their top markets include Huntsville, Birmingham, Tuscaloosa, Daphne, and Crestview among others. Bryant Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Bryant Bank is typically an average fee lendor.


Originations

772

Origination Dollar Volume (All Markets)

$201,740,000

Employee count

266 Show all (6) awards

Relative Rate

Bryant Bank's average 30 year fixed rate mortgage of loans were 2.88%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.27%.

Relative Fees

Bryant Bank's average total fees for a 30 year fixed rate mortgage are $3,436.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
HUNTSVILLE, AL (FHA|USDA|VA) 194 $45,730,000 $235,722 $2,987 3.80%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 174 $45,600,000 $262,069 $3,042 3.37%
TUSCALOOSA, AL (FHA|USDA|VA) 182 $41,830,000 $229,835 $3,873 3.55%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 112 $30,970,000 $276,518 $3,089 3.34%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 6 $6,390,000 $1,065,000 $5,164 3.59%
MOBILE, AL (FHA|USDA|VA) 29 $5,575,000 $192,241 $2,839 3.55%
Glenwood Springs, CO (FHA|USDA|VA) 1 $3,305,000 $3,305,000 $0 4.75%
Alexander City, AL (FHA|USDA|VA) 8 $3,300,000 $412,500 $3,574 3.30%
Outside of Metro Areas 7 $3,045,000 $435,000 $4,181 3.13%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 5 $1,945,000 $389,000 $4,389 2.60%
DECATUR, AL (FHA|USDA|VA) 10 $1,520,000 $152,000 $3,820 4.08%
Scottsboro, AL (FHA|USDA|VA) 6 $1,270,000 $211,667 $2,411 4.29%
Sevierville, TN (FHA|USDA|VA) 2 $1,270,000 $635,000 $0 4.35%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 5 $1,195,000 $239,000 $2,660 2.68%
MONTGOMERY, AL (FHA|USDA|VA) 4 $1,180,000 $295,000 $4,602 3.28%
Starkville, MS (FHA|USDA|VA) 1 $905,000 $905,000 $0 3.25%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $875,000 $875,000 $0 5.50%
Fort Payne, AL (FHA|USDA|VA) 2 $860,000 $430,000 $2,811 3.51%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 3 $795,000 $265,000 $3,970 3.00%
Albertville, AL (FHA|USDA|VA) 4 $640,000 $160,000 $3,602 4.03%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 3 $555,000 $185,000 $6,295 3.29%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $545,000 $545,000 $6,289 2.75%
Cullman, AL (FHA|USDA|VA) 2 $450,000 $225,000 $0 4.78%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $285,000 $285,000 $4,438 2.38%
ASHEVILLE, NC (FHA|USDA|VA) 1 $265,000 $265,000 $2,677 3.50%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $225,000 $225,000 $0 4.00%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $215,000 $215,000 $3,133 2.75%
El Dorado, AR (FHA|USDA|VA) 1 $205,000 $205,000 $4,015 2.25%
Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $205,000 $205,000 $2,436 2.88%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $195,000 $195,000 $2,165 2.13%
ROME, GA (FHA|USDA|VA) 1 $175,000 $175,000 $2,354 4.14%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $125,000 $125,000 $3,937 2.75%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.25%

Bryant Bank's top markets include Huntsville, Birmingham, Tuscaloosa, Daphne, and Crestview among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 772 $201,740,000 $261,321 $3,306 3.54%

For the 2021 period, Bryant Bank's most frequently originated loan type of loans were Conventional, with 772 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 391 $101,335,000 $259,169 $3,432 3.66%
Refi 274 $75,710,000 $276,314 $3,255 3.49%
Cash Out Refi 78 $21,400,000 $274,359 $3,337 2.90%
Other 15 $1,905,000 $127,000 $2,432 3.83%
Home Improvement 14 $1,390,000 $99,286 $2,146 4.38%

For the 2021, Bryant Bank's most frequently cited loan purpose of loans were Home Purchase, with 391 originations. The 2nd most popular reason of loans were Refi, with 274 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 324 $95,670,000 $295,278 $3,436 2.88%
5 Year 175 $34,205,000 $195,457 $0 4.48%
Other 113 $27,765,000 $245,708 $1,723 4.49%
15 Year 70 $18,420,000 $263,143 $3,485 2.37%
1 Year 36 $8,840,000 $245,556 $3,590 4.58%
3 Year 23 $9,015,000 $391,957 $0 4.07%
20 Year 20 $5,550,000 $277,500 $3,624 2.65%
10 Year 11 $2,275,000 $206,818 $3,240 2.50%

For the 2021, Bryant Bank's most frequently cited loan length of loans were 30 Year, with 324 originations. The 2nd most popular length of loans were 5 Year, with 175 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 262 $72,200,000 $275,573
$1k-2k 87 $18,035,000 $207,299
$2k-3k 68 $18,210,000 $267,794
$3k-4k 53 $19,585,000 $369,528
$5k+ 6 $3,410,000 $568,333

$3,436 of loans were Bryant Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 262 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 235 $71,425,000 $303,936
4-5% 210 $43,360,000 $206,476
3-4% 166 $46,520,000 $280,241
<2.5% 113 $32,705,000 $289,425
5-6% 35 $5,525,000 $157,857
6-7% 9 $1,425,000 $158,333
7-8% 3 $615,000 $205,000
Over 8% 1 $165,000 $165,000

During 2021, Bryant Bank's average interest rate of loans were 2.88%, while their most frequently originated rate bucket of loans were 2.5-3%, with 235 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 275 $77,165,000 $280,600 $3,349 3.10%
$100k-200k 231 $34,955,000 $151,320 $3,059 3.69%
$100,000 or less 134 $8,210,000 $61,269 $1,683 4.47%
$400k-600k 107 $51,795,000 $484,065 $4,092 2.97%
$600k-1MM 16 $12,420,000 $776,250 $3,651 4.25%
$1MM+ 9 $17,195,000 $1,910,556 $12,219 4.24%

2021 saw Bryant Bank place emphasis on $200k-400k loans with 275 originations, totaling $77,165,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 131 $35,545,000 $271,336 $3,512 3.09%
$150k-250k 104 $32,830,000 $315,673 $3,522 3.18%
$50k-75k 104 $21,190,000 $203,750 $3,112 3.27%
$250k+ 91 $33,055,000 $363,242 $3,580 3.13%
$75k-100k 67 $16,515,000 $246,493 $3,158 3.17%
$50k or less 55 $8,615,000 $156,636 $2,572 3.44%

Bryant Bank lent most frequently to those with incomes in the $100k-150k range, with 131 originations. The second most popular income band? $150k-250k, with 104 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 165 $44,175,000 $267,727 $3,308 3.12%
<20% 121 $30,455,000 $251,694 $3,114 3.03%
30-36% 80 $21,750,000 $271,875 $3,646 3.20%
43% 26 $6,810,000 $261,923 $3,109 3.08%
36% 18 $4,910,000 $272,778 $3,390 3.28%
38% 16 $5,080,000 $317,500 $3,107 3.48%
47% 14 $4,120,000 $294,286 $3,490 3.40%
45% 14 $4,150,000 $296,429 $3,665 2.96%
39% 13 $3,565,000 $274,231 $3,060 3.21%
41% 13 $3,635,000 $279,615 $3,195 3.50%
48% 12 $3,820,000 $318,333 $3,487 2.88%
44% 11 $1,995,000 $181,364 $3,490 2.94%
>60% 10 $2,580,000 $258,000 $160 4.85%
42% 8 $1,990,000 $248,750 $3,342 3.06%
40% 8 $1,900,000 $237,500 $2,329 3.68%
37% 8 $2,720,000 $340,000 $3,697 2.94%
49% 6 $1,520,000 $253,333 $3,237 3.17%
46% 5 $2,215,000 $443,000 $5,547 2.55%
50-60% 4 $1,190,000 $297,500 $0 4.19%

Bryant Bank lent most frequently to those with DTI ratios of 20-30%, with 165 originations. The next most common DTI ratio? <20%, with 121 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 498 $134,750,000 $270,582 $3,293 3.19%
Not applicable 212 $51,430,000 $242,594 $0 4.44%
Not provided 27 $7,505,000 $277,963 $3,846 3.09%
Black 21 $4,415,000 $210,238 $2,994 3.40%
Asian 14 $3,640,000 $260,000 $2,984 3.27%

Approval Rates

Total approvals of all applications
94.13%

Bryant Bank has an average approval rate.

Pick Rate

Approvals leading to origination
88.14%

Bryant Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 772 $201,740,000 $261,321

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
772 $201,740,000 $261,321

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 64 $17,320,000 $270,625 $2,828 3.58%
40-60% 149 $37,455,000 $251,376 $3,287 3.45%
60-80% 350 $97,290,000 $277,971 $3,489 3.48%
80-100% 178 $45,320,000 $254,607 $3,328 3.52%
Over 100% 3 $715,000 $238,333 $512 3.94%
Under 20% 26 $3,250,000 $125,000 $1,860 4.68%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Bryant Bank 2721 John Hawkins Parkway Hoover, AL 35244 Full Service B&M $99,903
Bryant Bank 320 Pelham Avenue Se Huntsville, AL 35801 Full Service B&M $250,532
Bryant Bank 5319 U.S. Hwy 280 Birmingham, AL 35242 Full Service B&M $75,444
Bryant Bank 6151 Airport Blvd Mobile, AL 36608 Full Service B&M $29,477
Bryant Bank 117 Euclid Avenue Birmingham, AL 35213 Full Service B&M $3,190
Bryant Bank 137 Main Street Trussville, AL 35173 Full Service Retail $169,052
Bryant Bank 1502 North Mckenzie Street Foley, AL 36535 Full Service B&M $75,177
Bryant Bank 1550 Mcfarland Boulevard North Tuscaloosa, AL 35406 Full Service B&M $709,418
Bryant Bank 1755 New Watermelon Rd Tuscaloosa, AL 35406 Full Service B&M $62,878
Bryant Bank 1801 Us Highway 98 Daphne, AL 36526 Full Service B&M $69,315
Bryant Bank 1804 Four Mile Post Road Huntsville, AL 35802 Full Service B&M $15,805
Bryant Bank 1901 University Blvd. Tuscaloosa, AL 35401 Full Service B&M $44,949
Bryant Bank 1919 28th Avenue South Birmingham, AL 35209 Full Service B&M $69,893
Bryant Bank 2001 Lurleen Wallace Boulevard Northport, AL 35476 Full Service Retail $51,037
Bryant Bank 21290 Highway 25 Columbiana, AL 35051 Full Service Retail $114,115
Bryant Bank 24847 Commercial Avenue Orange Beach, AL 36561 Full Service B&M $65,059
Bryant Bank 2700 Cahaba Village Plz Birmingham, AL 35243 Full Service B&M $160,129

For 2021, Bryant Bank had 17 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $57,843
Net interest income $53,100
Total noninterest income $12,266
Gross Fiduciary activities income $0
Service charges on deposit accounts $3,935
Trading account gains and fees $0
Additional Noninterest Income $8,331
Pre-tax net operating income $19,245
Securities gains (or losses, -) $0
Income before extraordinary items $18,320
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $18,320
Minority interest net income $0
Net income $18,320
Sale, conversion, retirement of capital stock, net $0
Net operating income $18,320

Bryant Bank's gross interest income from loans was $57,843,000.
Bryant Bank's net interest income from loans was $53,100,000.
Bryant Bank's fee based income from loans was $3,935,000.
Bryant Bank's net income from loans was $18,320,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $4,743
Provision for credit losses $100
Total noninterest expense $46,021
Salaries and employee benefits $25,672
Premises and equipment expense $7,543
Additional noninterest expense $12,806
Applicable income taxes $925
Net charge-offs $-33
Cash dividends $6,000

Bryant Bank's interest expense for loans was $4,743,000.
Bryant Bank's payroll and benefits expense were $25,672,000.
Bryant Bank's property, plant and equipment expenses $7,543,000.

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 1.0%
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 $2,164,252
Deposits held in domestic offices $2,164,252
Deposits by Individuals, partnerships, and corporations $1,754,319
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $381,849
Deposits by Commercial banks and other depository institutions in U.S. $28,085
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $1,368,577
Demand deposits $932,874
Nontransaction accounts $795,676
Money market deposit accounts (MMDAs) $474,589
Other savings deposits (excluding MMDAs) $60,497
Total time deposits $260,590
Total time and savings deposits $1,231,379
Noninterest-bearing deposits $811,242
Interest-bearing deposits $1,353,010
Retail deposits $2,036,751
IRAs and Keogh plan accounts $18,202
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $2,632,604
Cash & Balances due from depository institutions $1,036,266
Interest-bearing balances $999,142
Total securities $449,981
Federal funds sold & reverse repurchase $1,578
Net loans and leases $1,071,300
Loan and leases loss allowance $10,858
Trading account assets $1,900
Bank premises and fixed assets $45,209
Other real estate owned $0
Goodwill and other intangibles $0
All other assets $26,370

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $2,632,604
Total Liabilities $2,426,381
Total deposits $2,164,252
Interest-bearing deposits $1,353,010
Deposits held in domestic offices $2,164,252
% insured (estimated) $44
Federal funds purchased and repurchase agreements $257,372
Trading liabilities $519
Other borrowed funds $0
Subordinated debt $0
All other liabilities $4,238

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,071,300
Loan and leases loss allowance $10,858
Total loans and leases (domestic) $1,082,158
All real estate loans $811,563
Real estate loans in domestic offices $811,563
Construction and development loans $128,466
Residential 1-4 family construction $38,688
Other construction, all land development and other land $89,778
Loans secured by nonfarm nonresidential properties $406,432
Nonfarm nonresidential secured by owner-occupied properties $175,995
Commercial real estate & other non-farm, non-residential $230,437
Multifamily residential real estate $46,549
1-4 family residential loans $224,306
Farmland loans $5,810
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $219,635
To non-U.S. addressees $0
Loans to individuals $11,899
Credit card loans $0
Related Plans $3,550
Consumer Auto Loans $796
Other loans to individuals $7,553
All other loans & leases $39,061
Loans to foreign governments and official institutions $0
Other loans $24,164
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $5,022
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $444
Non 1-4 family restructured loans & leases $444
Total loans and leases (foreign) $0

Bryant Bank had $1,071,300,000 of loans outstanding in 2021. $811,563,000 of loans were in real estate loans. $128,466,000 of loans were in development loans. $46,549,000 of loans were in multifamily mortgage loans. $224,306,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $796,000 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 557 $140,233 $251,765
Nonfarm, nonresidential loans - <$100k 107 $2,904 $27,140
Nonfarm, nonresidential loans - $100-250k 149 $22,728 $152,537
Nonfarm, nonresidential loans - $250k-1MM 301 $114,601 $380,734
Commercial & Industrial, US addressed loans - <$1MM 1,488 $124,476 $83,653
Commercial & Industrial, US addressed loans - <$100k 985 $27,735 $28,157
Commercial & Industrial, US addressed loans - $100-250k 263 $27,714 $105,376
Commercial & Industrial, US addressed loans - $250k-1MM 240 $69,027 $287,613
Farmland loans - <$1MM 10 $1,499 $149,900
Farmland loans - <$100k 2 $60 $30,000
Farmland loans - $100-250k 6 $890 $148,333
Farmland loans - $250k-1MM 2 $549 $274,500