River Bank & Trust Mortgage Rates, Fees & Info

Prattville, AL

LEI: 5493006HAFES1LQ18W28

Tax ID: 20-4303726

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

Jump to:

Mortgage Data

Bank Data

Review & Overview

River Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. River Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Montgomery, Auburn, Alexander City, Daphne, and Dothan among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)

River Bank & Trust has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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 3.75% 3/28/24
30 Year Conventional Refi 6.86% 3/28/24
30 Year Cash-out Refi 7.20% 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 6.47% 3/28/24
15 Year Conventional Refi 6.46% 3/28/24
15 Year Cash-out Refi 6.46% 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.

River Bank & Trust Mortgage Calculator






Your Estimates

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

This is not an official calculator from River Bank & Trust. 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

763

Origination Dollar Volume (All Markets)

$133,075,000

Employee count

224

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
MONTGOMERY, AL (FHA|USDA|VA) 132 $25,180,000 $190,758 $0 0.00%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 182 $22,400,000 $123,077 $0 0.00%
Alexander City, AL (FHA|USDA|VA) 85 $19,265,000 $226,647 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 31 $11,055,000 $356,613 $0 0.00%
DOTHAN, AL (FHA|USDA|VA) 72 $8,030,000 $111,528 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 10 $7,840,000 $784,000 $0 0.00%
MOBILE, AL (FHA|USDA|VA) 66 $7,720,000 $116,970 $0 0.00%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 53 $6,435,000 $121,415 $0 0.00%
GADSDEN, AL (FHA|USDA|VA) 23 $5,895,000 $256,304 $0 0.00%
Enterprise, AL (FHA|USDA|VA) 26 $4,200,000 $161,538 $0 0.00%
PANAMA CITY, FL (FHA|USDA|VA) 15 $4,025,000 $268,333 $0 0.00%
LaGrange, GA-AL (FHA|USDA|VA) 21 $2,705,000 $128,810 $0 0.00%
Outside of Metro Areas 18 $1,730,000 $96,111 $0 0.00%
Ozark, AL (FHA|USDA|VA) 10 $1,480,000 $148,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $1,315,000 $438,333 $0 0.00%
Fort Payne, AL (FHA|USDA|VA) 2 $720,000 $360,000 $0 0.00%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $615,000 $615,000 $0 0.00%
Sevierville, TN (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
Talladega-Sylacauga, AL (FHA|USDA|VA) 2 $520,000 $260,000 $0 0.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $520,000 $260,000 $0 0.00%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $120,000 $60,000 $0 0.00%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Cullowhee, NC (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
River Bank & Trust's top markets include Montgomery, Auburn, Alexander City, Daphne, and Dothan among others.

Their top states include:
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • Similar Lenders

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

    Florence Federal Credit Union
    Similarity Rank: 72
    ALABAMA TEACHERS
    Similarity Rank: 240
    TVA Community Credit Union
    Similarity Rank: 260
    MAX Credit Union
    Similarity Rank: 399
    Listerhill Credit Union
    Similarity Rank: 464
    Five Star Credit Union
    Similarity Rank: 468
    BankPlus
    Similarity Rank: 620
    Liberty Mortgage Corporation
    Similarity Rank: 675
    Total Media Management, LLC
    Similarity Rank: 700
    Jefferson Credit Union
    Similarity Rank: 702

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 763 $133,075,000 $174,410 $0 0.00%

    For 2020, River Bank & Trust's most frequently originated type of loan was Conventional, with 763 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 438 $81,910,000 $187,009 $0 0.00%
    Refi 297 $48,935,000 $164,764 $0 0.00%
    Other 18 $1,800,000 $100,000 $0 0.00%
    Home Improvement 10 $430,000 $43,000 $0 0.00%

    For 2020, River Bank & Trust's most frequently cited loan purpose was Home Purchase, with 438 originations. The 2nd most popular reason was Refi, with 297 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 763 $133,075,000 $174,410 $0 0.00%

    For 2020, River Bank & Trust's most frequently cited loan duration was Other, with 763 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 421 $21,795,000 $51,770 $0 0.00%
    $100k-200k 150 $22,240,000 $148,267 $0 0.00%
    $200k-400k 118 $33,360,000 $282,712 $0 0.00%
    $400k-600k 36 $16,930,000 $470,278 $0 0.00%
    $600k-1MM 29 $22,755,000 $784,655 $0 0.00%
    $1MM+ 9 $15,995,000 $1,777,222 $0 0.00%

    2020 saw River Bank & Trust place emphasis on $100,000 or less loans with 421 originations, totaling $21,795,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 125 $7,995,000 $63,960 $0 0.00%
    $50k-75k 114 $12,270,000 $107,632 $0 0.00%
    $100k-150k 112 $15,680,000 $140,000 $0 0.00%
    $250k+ 97 $38,645,000 $398,402 $0 0.00%
    $75k-100k 91 $12,265,000 $134,780 $0 0.00%
    $150k-250k 79 $18,065,000 $228,671 $0 0.00%

    River Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 125 originations. The second most popular income band? $50k-75k, with 114 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 763 $133,075,000 $174,410 $0 0.00%

    River Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 763 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 547 $94,105,000 $172,038 $0 0.00%
    Not applicable 144 $27,960,000 $194,167 $0 0.00%
    Black 41 $3,695,000 $90,122 $0 0.00%
    Asian 10 $3,350,000 $335,000 $0 0.00%
    Not provided 18 $3,340,000 $185,556 $0 0.00%
    American Indian 3 $625,000 $208,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.25%

    River Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.07%

    River Bank & Trust has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 763 $133,075,000 $174,410

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 14 $7,070,000 $505,000
    Single Family (1-4 Units):Manufactured 158 $7,050,000 $44,620
    Single Family (1-4 Units):Site-Built 591 $118,955,000 $201,277

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    River Bank & Trust 10 Cambridge Drive Wetumpka, AL 36093 Full Service B&M $108,303
    River Bank & Trust 1479 West Main Street Dothan, AL 36302 Full Service B&M $57,252
    River Bank & Trust 1804 Thomason Drive Opelika, AL 36801 Full Service B&M $65,844
    River Bank & Trust 2040 7th St S Clanton, AL 35045 Full Service B&M $15,719
    River Bank & Trust 20688 31 South Thorsby, AL 35171 Full Service B&M $7,569
    River Bank & Trust 2394 East University Drive Auburn, AL 36830 Full Service B&M $136,695
    River Bank & Trust 244 South 3rd Street Gadsden, AL 35901 Full Service B&M $120,118
    River Bank & Trust 2611 Legends Drive Prattville, AL 36066 Full Service B&M $165,700
    River Bank & Trust 27900 N Main St Daphne, AL 36526 Full Service B&M $9,182
    River Bank & Trust 306 South Main Street Enterprise, AL 36330 Full Service B&M $77,345
    River Bank & Trust 309 Maxwell Blvd Montgomery, AL 36104 Full Service B&M $53,774
    River Bank & Trust 3111 Alabama Hwy 14 Millbrook, AL 36054 Full Service B&M $34,228
    River Bank & Trust 3617 U.S. Highway 280 Alexander City, AL 35010 Full Service B&M $137,503
    River Bank & Trust 3850 West Main Street, Suite 1000 Dothan, AL 36305 Full Service B&M $32,361
    River Bank & Trust 612 South Memorial Drive Prattville, AL 36067 Full Service B&M $9,975
    River Bank & Trust 620 Second Avenue North Clanton, AL 35045 Full Service B&M $179,436
    River Bank & Trust 7075 Halcyon Park Dr. Montgomery, AL 36117 Full Service B&M $294,117

    For 2020, River Bank & Trust had 17 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $63,401
    Net interest income $56,620
    Total noninterest income $11,633
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,080
    Trading account gains and fees $0
    Additional Noninterest Income $9,553
    Pre-tax net operating income $23,169
    Securities gains (or losses, -) $87
    Income before extraordinary items $18,244
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $18,244
    Minority interest net income $0
    Net income $18,244
    Sale, conversion, retirement of capital stock, net $217
    Net operating income $18,175

    River Bank & Trust's gross interest income from loans was $63,401,000.
    River Bank & Trust's net interest income from loans was $56,620,000.
    River Bank & Trust's fee based income from loans was $2,080,000.
    River Bank & Trust's net income from loans was $18,244,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,781
    Provision for credit losses $8,615
    Total noninterest expense $36,469
    Salaries and employee benefits $22,127
    Premises and equipment expense $3,457
    Additional noninterest expense $10,885
    Applicable income taxes $5,012
    Net charge-offs $491
    Cash dividends $7,130

    River Bank & Trust's interest expense for loans was $6,781,000.
    River Bank & Trust's payroll and benefits expense were $22,127,000.
    River Bank & Trust's property, plant and equipment expenses $3,457,000.

    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 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,656,551
    Deposits held in domestic offices $1,656,551
    Deposits by Individuals, partnerships, and corporations $1,485,150
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $171,401
    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 $347,852
    Demand deposits $200,256
    Nontransaction accounts $1,308,699
    Money market deposit accounts (MMDAs) $943,411
    Other savings deposits (excluding MMDAs) $89,912
    Total time deposits $275,376
    Total time and savings deposits $1,456,295
    Noninterest-bearing deposits $439,806
    Interest-bearing deposits $1,216,745
    Retail deposits $1,565,213
    IRAs and Keogh plan accounts $28,224
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,864,515
    Cash & Balances due from depository institutions $52,923
    Interest-bearing balances $37,065
    Total securities $493,274
    Federal funds sold & reverse repurchase $11,500
    Net loans and leases $1,193,778
    Loan and leases loss allowance $16,805
    Trading account assets $0
    Bank premises and fixed assets $34,137
    Other real estate owned $232
    Goodwill and other intangibles $31,868
    All other assets $46,803

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,864,515
    Total Liabilities $1,678,718
    Total deposits $1,656,551
    Interest-bearing deposits $1,216,745
    Deposits held in domestic offices $1,656,551
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $13,653
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $8,514

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,193,778
    Loan and leases loss allowance $16,805
    Total loans and leases (domestic) $1,210,583
    All real estate loans $841,578
    Real estate loans in domestic offices $841,578
    Construction and development loans $150,602
    Residential 1-4 family construction $71,784
    Other construction, all land development and other land $78,818
    Loans secured by nonfarm nonresidential properties $317,274
    Nonfarm nonresidential secured by owner-occupied properties $186,921
    Commercial real estate & other non-farm, non-residential $130,353
    Multifamily residential real estate $10,817
    1-4 family residential loans $328,299
    Farmland loans $34,586
    Loans held in foreign offices $0
    Farm loans $29,854
    Commercial and industrial loans $278,974
    To non-U.S. addressees $0
    Loans to individuals $40,647
    Credit card loans $0
    Related Plans $2,756
    Consumer Auto Loans $9,469
    Other loans to individuals $28,422
    All other loans & leases $26,333
    Loans to foreign governments and official institutions $0
    Other loans $411
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $5,201
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,282
    Non 1-4 family restructured loans & leases $2,038
    Total loans and leases (foreign) $0

    River Bank & Trust had $1,193,778,000 of loans outstanding in 2020. $841,578,000 of loans were in real estate loans. $150,602,000 of loans were in development loans. $10,817,000 of loans were in multifamily mortgage loans. $328,299,000 of loans were in 1-4 family mortgage loans. $29,854,000 of loans were in farm loans. $0 of loans were in credit card loans. $9,469,000 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 763 $169,184 $221,735
    Nonfarm, nonresidential loans - <$100k 202 $9,599 $47,520
    Nonfarm, nonresidential loans - $100-250k 251 $36,258 $144,454
    Nonfarm, nonresidential loans - $250k-1MM 310 $123,327 $397,829
    Commercial & Industrial, US addressed loans - <$1MM 3,609 $207,570 $57,515
    Commercial & Industrial, US addressed loans - <$100k 3,006 $81,571 $27,136
    Commercial & Industrial, US addressed loans - $100-250k 406 $50,022 $123,207
    Commercial & Industrial, US addressed loans - $250k-1MM 197 $75,977 $385,670
    Farmland loans - <$1MM 64 $8,360 $130,625
    Farmland loans - <$100k 28 $1,407 $50,250
    Farmland loans - $100-250k 21 $2,766 $131,714
    Farmland loans - $250k-1MM 15 $4,187 $279,133
    Agriculture operations loans - <$1MM 101 $8,678 $85,921
    Agriculture operations loans - <$100k 68 $1,737 $25,544
    Agriculture operations loans - $100-250k 22 $3,221 $146,409
    Agriculture operations loans - $250k-1MM 11 $3,720 $338,182