River Bank & Trust Mortgage Rates, Fees & Info
Prattville, ALLEI: 5493006HAFES1LQ18W28
Tax ID: 20-4303726
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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, Alexander City, Auburn, Daphne, and Dothan among others. We have data for 32 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. River Bank & Trust is typically an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 5/4/24 |
| 30 Year Conventional Purchase | 3.75% | 5/4/24 |
| 30 Year Conventional Refi | 6.86% | 5/4/24 |
| 30 Year Cash-out Refi | 7.20% | 5/4/24 |
| 30 Year FHA Purchase | 6.27% | 5/4/24 |
| 30 Year VA Purchase | 6.27% | 5/4/24 |
| 15 Year Conventional Purchase | 6.47% | 5/4/24 |
| 15 Year Conventional Refi | 6.46% | 5/4/24 |
| 15 Year Cash-out Refi | 6.46% | 5/4/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
861Origination Dollar Volume (All Markets)
$168,235,000Employee count
270Top 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) | 136 | $24,340,000 | $178,971 | $3,352 | 4.08% |
| Alexander City, AL (FHA|USDA|VA) | 81 | $23,895,000 | $295,000 | $4,421 | 4.09% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 198 | $20,070,000 | $101,364 | $3,230 | 6.07% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 45 | $16,375,000 | $363,889 | $3,798 | 3.49% |
| DOTHAN, AL (FHA|USDA|VA) | 61 | $13,165,000 | $215,820 | $3,580 | 3.99% |
| MOBILE, AL (FHA|USDA|VA) | 82 | $11,480,000 | $140,000 | $2,970 | 4.03% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 14 | $9,960,000 | $711,429 | $20,917 | 3.35% |
| Enterprise, AL (FHA|USDA|VA) | 47 | $8,555,000 | $182,021 | $2,320 | 4.14% |
| GADSDEN, AL (FHA|USDA|VA) | 42 | $8,530,000 | $203,095 | $2,888 | 3.91% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 59 | $7,345,000 | $124,492 | $1,996 | 4.14% |
| PANAMA CITY, FL (FHA|USDA|VA) | 20 | $6,420,000 | $321,000 | $3,840 | 3.66% |
| Outside of Metro Areas | 14 | $3,690,000 | $263,571 | $1,952 | 5.02% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $2,175,000 | $2,175,000 | $0 | 3.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 4 | $1,830,000 | $457,500 | $4,150 | 3.44% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 6 | $1,740,000 | $290,000 | $1,026 | 3.71% |
| DECATUR, AL (FHA|USDA|VA) | 12 | $1,580,000 | $131,667 | $1,923 | 3.86% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 5 | $1,325,000 | $265,000 | $3,452 | 3.49% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $4,682 | 3.30% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $12,509 | 3.95% |
| Albertville, AL (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $0 | 2.85% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 4.13% |
| Eufaula, AL-GA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 4.25% |
| LaGrange, GA-AL (FHA|USDA|VA) | 10 | $420,000 | $42,000 | $1,475 | 6.66% |
| Ozark, AL (FHA|USDA|VA) | 6 | $380,000 | $63,333 | $2,310 | 4.35% |
| Fort Payne, AL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $1,796 | 3.65% |
| Oxford, MS (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 3.95% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 3.95% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,200 | 3.95% |
| Cullman, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $861 | 3.99% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $915 | 5.41% |
| Troy, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $765 | 2.95% |
| Starkville, MS (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.95% |
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 861 | $168,235,000 | $195,395 | $3,801 | 4.50% |
For 2021, River Bank & Trust's most frequently originated type of loan was Conventional, with 861 originations.
Loan Reason
For 2021, River Bank & Trust's most frequently cited loan purpose was Home Purchase, with 546 originations. The 2nd most popular reason was Refi, with 282 originations.
Loan Duration/Length
For 2021, River Bank & Trust's most frequently cited loan duration was 5 Year, with 246 originations. The 2nd most popular length was Other, with 243 originations.
Origination Fees/Closing Costs
River Bank & Trust's average total fees were $4,726, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 143 originations.
Interest Rates
During 2021, River Bank & Trust's average interest rate for loans was 3.41%, while their most frequently originated rate bucket for loans was 3-4%, with 350 originations.
Loan Sizing
2021 saw River Bank & Trust place emphasis on $100,000 or less loans with 420 originations, totaling $21,670,000 in origination value.
Applicant Income
River Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 147 originations. The second most popular income band? $100k-150k, with 128 originations.
Applicant Debt to Income Ratio
River Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 188 originations. The next most common DTI ratio? 30-36%, with 128 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.78%
River Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination95.01%
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 |
|---|---|---|---|
| 0.0 | 1 | $55,000 | $55,000 |
| 1158.69 | 1 | $35,000 | $35,000 |
| 129.5 | 1 | $35,000 | $35,000 |
| 132.5 | 5 | $135,000 | $27,000 |
| 135.5 | 2 | $80,000 | $40,000 |
| 141.5 | 1 | $65,000 | $65,000 |
| 144.5 | 4 | $100,000 | $25,000 |
| 225.0 | 2 | $100,000 | $50,000 |
| 228.0 | 109 | $4,915,000 | $45,092 |
| 230.0 | 7 | $175,000 | $25,000 |
| 237.0 | 6 | $160,000 | $26,667 |
| 248.0 | 1 | $45,000 | $45,000 |
| 253.0 | 1 | $45,000 | $45,000 |
| 261.83 | 1 | $35,000 | $35,000 |
| 3.0 | 2 | $40,000 | $20,000 |
| 753.0 | 1 | $65,000 | $65,000 |
| NA | 716 | $162,150,000 | $226,466 |
LTV Distribution
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| River Bank & Trust | 10 Cambridge Drive Wetumpka, AL 36093 | Full Service B&M | $145,940 |
| River Bank & Trust | 1479 West Main Street Dothan, AL 36302 | Full Service B&M | $79,147 |
| River Bank & Trust | 1804 Thomason Drive Opelika, AL 36801 | Full Service B&M | $110,020 |
| River Bank & Trust | 2040 7th St S Clanton, AL 35045 | Full Service B&M | $20,240 |
| River Bank & Trust | 20688 31 South Thorsby, AL 35171 | Full Service B&M | $6,236 |
| River Bank & Trust | 2394 East University Drive Auburn, AL 36830 | Full Service B&M | $195,782 |
| River Bank & Trust | 244 South 3rd Street Gadsden, AL 35901 | Full Service B&M | $161,017 |
| River Bank & Trust | 2611 Legends Drive Prattville, AL 36066 | Full Service B&M | $181,366 |
| River Bank & Trust | 27900 N Main St Daphne, AL 36526 | Full Service B&M | $29,013 |
| River Bank & Trust | 306 South Main Street Enterprise, AL 36330 | Full Service B&M | $89,783 |
| River Bank & Trust | 309 Maxwell Blvd Montgomery, AL 36104 | Full Service B&M | $109,869 |
| River Bank & Trust | 3111 Alabama Hwy 14 Millbrook, AL 36054 | Full Service B&M | $46,848 |
| River Bank & Trust | 3617 U.S. Highway 280 Alexander City, AL 35010 | Full Service B&M | $137,746 |
| River Bank & Trust | 3850 West Main Street, Suite 1000 Dothan, AL 36305 | Full Service B&M | $33,995 |
| River Bank & Trust | 4630 Bit And Spur Road Mobile, AL 36608 | Full Service B&M | $12,287 |
| River Bank & Trust | 612 South Memorial Drive Prattville, AL 36067 | Full Service B&M | $10,031 |
| River Bank & Trust | 620 Second Avenue North Clanton, AL 35045 | Full Service B&M | $233,181 |
| River Bank & Trust | 7075 Halcyon Park Dr. Montgomery, AL 36117 | Full Service B&M | $397,654 |
For 2021, River Bank & Trust had 18 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $71,798 |
| Net interest income | $67,753 |
| Total noninterest income | $15,348 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $2,114 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $13,234 |
| Pre-tax net operating income | $34,852 |
| Securities gains (or losses, -) | $-607 |
| Income before extraordinary items | $26,589 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $26,589 |
| Minority interest net income | $0 |
| Net income | $26,589 |
| Sale, conversion, retirement of capital stock, net | $180 |
| Net operating income | $27,068 |
River Bank & Trust's gross interest income from loans was $71,798,000.
River Bank & Trust's net interest income from loans was $67,753,000.
River Bank & Trust's fee based income from loans was $2,114,000.
River Bank & Trust's net income from loans was $26,589,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,045 |
| Provision for credit losses | $4,744 |
| Total noninterest expense | $43,505 |
| Salaries and employee benefits | $27,189 |
| Premises and equipment expense | $3,519 |
| Additional noninterest expense | $12,797 |
| Applicable income taxes | $7,656 |
| Net charge-offs | $624 |
| Cash dividends | $3,000 |
River Bank & Trust's interest expense for loans was $4,045,000.
River Bank & Trust's payroll and benefits expense were $27,189,000.
River Bank & Trust's property, plant and equipment expenses $3,519,000.
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 | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $2,159,168 |
| Deposits held in domestic offices | $2,159,168 |
| Deposits by Individuals, partnerships, and corporations | $1,908,936 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $250,232 |
| 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 | $502,770 |
| Demand deposits | $271,535 |
| Nontransaction accounts | $1,656,398 |
| Money market deposit accounts (MMDAs) | $1,258,534 |
| Other savings deposits (excluding MMDAs) | $117,765 |
| Total time deposits | $280,098 |
| Total time and savings deposits | $1,887,633 |
| Noninterest-bearing deposits | $617,997 |
| Interest-bearing deposits | $1,541,172 |
| Retail deposits | $2,057,397 |
| IRAs and Keogh plan accounts | $28,761 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $2,395,648 |
| Cash & Balances due from depository institutions | $55,873 |
| Interest-bearing balances | $40,118 |
| Total securities | $926,941 |
| Federal funds sold & reverse repurchase | $9,500 |
| Net loans and leases | $1,261,239 |
| Loan and leases loss allowance | $20,925 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $40,040 |
| Other real estate owned | $254 |
| Goodwill and other intangibles | $30,801 |
| All other assets | $71,000 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $2,395,648 |
| Total Liabilities | $2,181,115 |
| Total deposits | $2,159,168 |
| Interest-bearing deposits | $1,541,172 |
| Deposits held in domestic offices | $2,159,168 |
| % insured (estimated) | $90 |
| Federal funds purchased and repurchase agreements | $9,753 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $12,194 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,261,239 |
| Loan and leases loss allowance | $20,925 |
| Total loans and leases (domestic) | $1,282,164 |
| All real estate loans | $983,534 |
| Real estate loans in domestic offices | $983,534 |
| Construction and development loans | $196,116 |
| Residential 1-4 family construction | $90,924 |
| Other construction, all land development and other land | $105,192 |
| Loans secured by nonfarm nonresidential properties | $350,372 |
| Nonfarm nonresidential secured by owner-occupied properties | $221,917 |
| Commercial real estate & other non-farm, non-residential | $128,455 |
| Multifamily residential real estate | $9,981 |
| 1-4 family residential loans | $388,257 |
| Farmland loans | $38,808 |
| Loans held in foreign offices | $0 |
| Farm loans | $36,063 |
| Commercial and industrial loans | $198,949 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $43,080 |
| Credit card loans | $0 |
| Related Plans | $1,844 |
| Consumer Auto Loans | $10,000 |
| Other loans to individuals | $31,236 |
| All other loans & leases | $26,912 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $2,973 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $911 |
| Non 1-4 family restructured loans & leases | $683 |
| Total loans and leases (foreign) | $0 |
River Bank & Trust had $1,261,239,000 of loans outstanding in 2021. $983,534,000 of loans were in real estate loans. $196,116,000 of loans were in development loans. $9,981,000 of loans were in multifamily mortgage loans. $388,257,000 of loans were in 1-4 family mortgage loans. $36,063,000 of loans were in farm loans. $0 of loans were in credit card loans. $10,000,000 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 | 773 | $175,621 | $227,194 |
| Nonfarm, nonresidential loans - <$100k | 184 | $10,098 | $54,880 |
| Nonfarm, nonresidential loans - $100-250k | 259 | $38,737 | $149,564 |
| Nonfarm, nonresidential loans - $250k-1MM | 330 | $126,786 | $384,200 |
| Commercial & Industrial, US addressed loans - <$1MM | 2,215 | $130,527 | $58,929 |
| Commercial & Industrial, US addressed loans - <$100k | 1,780 | $49,973 | $28,075 |
| Commercial & Industrial, US addressed loans - $100-250k | 279 | $33,447 | $119,882 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 156 | $47,107 | $301,968 |
| Farmland loans - <$1MM | 62 | $9,430 | $152,097 |
| Farmland loans - <$100k | 27 | $1,355 | $50,185 |
| Farmland loans - $100-250k | 20 | $2,815 | $140,750 |
| Farmland loans - $250k-1MM | 15 | $5,260 | $350,667 |
| Agriculture operations loans - <$1MM | 116 | $10,896 | $93,931 |
| Agriculture operations loans - <$100k | 74 | $1,888 | $25,514 |
| Agriculture operations loans - $100-250k | 29 | $4,864 | $167,724 |
| Agriculture operations loans - $250k-1MM | 13 | $4,144 | $318,769 |