Bryant Bank Mortgage Rates, Fees & Info

Tuscaloosa, AL

LEI: 54930069UB3VEGAQ9661

Tax ID: 20-2960984

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Mortgage Data

Bank Data

Review & 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 by origination volume include: Huntsville, Birmingham, Tuscaloosa, Daphne, and Crestview among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bryant Bank 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. Bryant Bank 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% 3/28/24
30 Year Conventional Purchase 6.59% 3/28/24
30 Year Conventional Refi 6.50% 3/28/24
30 Year Cash-out Refi 6.90% 3/28/24
30 Year FHA Purchase 6.27% 3/28/24
30 Year VA Purchase 6.27% 3/28/24
15 Year Conventional Purchase 6.11% 3/28/24
15 Year Conventional Refi 6.02% 3/28/24
15 Year Cash-out Refi 6.02% 3/28/24
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.

Bryant Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Bryant Bank. 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

772

Origination Dollar Volume (All Markets)

$201,740,000

Employee count

266 Show all (6) 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
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.

Their top states include:
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
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    Product Mix

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

    For 2021, Bryant Bank's most frequently originated type of loan was Conventional, with 772 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Bryant Bank's most frequently cited loan purpose was Home Purchase, with 391 originations. The 2nd most popular reason was 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 2021, Bryant Bank's most frequently cited loan duration was 30 Year, with 324 originations. The 2nd most popular length was 5 Year, with 175 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 42 $14,760,000 $351,429
    $4k-5k 11 $4,825,000 $438,636
    $5k+ 6 $3,410,000 $568,333

    Bryant Bank's average total fees were $3,436, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.88%, while their most frequently originated rate bucket for loans was 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
    93.94%

    Bryant Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.53%

    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