Reliant Bank Mortgage Rates, Fees & Info

Brentwood, TN

LEI: 549300AOG9F040P5KW70

Tax ID: 20-3357829

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Mortgage Data

Bank Data

Review & Overview

Reliant Bank is a smaller bank specializing in Home Purchase loans. Reliant Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Nashville, Chattanooga, Lewisburg, Clarksville, and Knoxville among others. We have data for 35 markets. (Some data included below & more in-depth data is available with an active subscription.)

Reliant 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. Reliant Bank 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.

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Originations

540

Origination Dollar Volume (All Markets)

$132,680,000

Employee count

263

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
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 420 $111,550,000 $265,595 $4,287 4.91%
Outside of Metro Areas 35 $5,965,000 $170,429 $3,291 4.68%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 26 $4,540,000 $174,615 $4,231 4.96%
Lewisburg, TN (FHA|USDA|VA) 9 $1,615,000 $179,444 $4,352 5.11%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 9 $1,435,000 $159,444 $4,351 4.77%
KNOXVILLE, TN (FHA|USDA|VA) 3 $865,000 $288,333 $7,011 4.75%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $650,000 $325,000 $0 4.38%
Lawrenceburg, TN (FHA|USDA|VA) 6 $520,000 $86,667 $1,759 5.05%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $445,000 $445,000 $6,174 5.50%
Shelbyville, TN (FHA|USDA|VA) 2 $440,000 $220,000 $4,956 4.69%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $425,000 $425,000 $4,997 4.38%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $385,000 $385,000 $3,847 5.00%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $345,000 $345,000 $3,999 4.13%
LOUISVILLE, KY (FHA|USDA|VA) 1 $295,000 $295,000 $0 4.85%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $295,000 $295,000 $3,865 5.25%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $275,000 $275,000 $2,788 4.50%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $255,000 $255,000 $8,892 5.25%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $235,000 $235,000 $6,296 4.38%
Cookeville, TN (FHA|USDA|VA) 2 $220,000 $110,000 $2,455 4.63%
Sevierville, TN (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.80%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $175,000 $175,000 $4,218 5.13%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $165,000 $165,000 $3,585 4.88%
Tifton, GA (FHA|USDA|VA) 1 $155,000 $155,000 $6,308 5.00%
ALBUQUERQUE, NM (FHA|USDA|VA) 2 $150,000 $75,000 $0 5.19%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $145,000 $145,000 $0 5.25%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $145,000 $145,000 $3,301 4.13%
AKRON, OH (FHA|USDA|VA) 1 $115,000 $115,000 $3,141 4.75%
JACKSON, TN (FHA|USDA|VA) 1 $115,000 $115,000 $2,851 5.00%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $115,000 $115,000 $5,063 4.88%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $95,000 $95,000 $7,022 4.38%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.63%
Kennett, MO (FHA|USDA|VA) 1 $85,000 $85,000 $2,228 4.38%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $85,000 $85,000 $561 4.25%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.63%
Paris, TN (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.75%
Reliant Bank's top markets include Nashville, Chattanooga, Lewisburg, Clarksville, and Knoxville among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 444 $111,030,000 $250,068 $3,210 4.94%
    FHA 64 $14,040,000 $219,375 $7,528 4.74%
    VA 21 $5,525,000 $263,095 $7,087 4.57%
    USDA 11 $2,085,000 $189,545 $4,765 4.84%

    For 2018, Reliant Bank's most frequently originated type of loan was Conventional, with 444 originations. Their 2nd most popular type was FHA, with 64 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 365 $98,565,000 $270,041 $4,790 4.89%
    Refi 103 $19,905,000 $193,252 $2,516 4.93%
    Cash Out Refi 41 $8,425,000 $205,488 $4,093 4.79%
    Other 20 $3,500,000 $175,000 $2,660 4.94%
    Home Improvement 11 $2,285,000 $207,727 $1,053 5.38%

    For 2018, Reliant Bank's most frequently cited loan purpose was Home Purchase, with 365 originations. The 2nd most popular reason was Refi, with 103 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 297 $71,775,000 $241,667 $4,888 4.77%
    Other 82 $19,610,000 $239,146 $1,917 5.18%
    5 Year 49 $16,005,000 $326,633 $0 5.25%
    1 Year 41 $13,905,000 $339,146 $4,587 5.28%
    20 Year 34 $5,920,000 $174,118 $2,689 4.81%
    15 Year 24 $4,420,000 $184,167 $2,872 4.32%
    10 Year 10 $530,000 $53,000 $1,424 4.71%
    30+ year 2 $460,000 $230,000 $3,430 5.00%
    3 Year 1 $55,000 $55,000 $1,284 4.75%

    For 2018, Reliant Bank's most frequently cited loan duration was 30 Year, with 297 originations. The 2nd most popular length was Other, with 82 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 221 $51,765,000 $234,231
    $<1k 75 $6,785,000 $90,467
    $2k-3k 48 $14,480,000 $301,667
    $3k-4k 26 $6,600,000 $253,846
    $4k-5k 10 $3,830,000 $383,000
    $5k+ 4 $3,090,000 $772,500

    Reliant Bank's average total fees were $4,888, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 221 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 360 $84,310,000 $234,194
    5-6% 141 $37,865,000 $268,546
    3-4% 22 $9,050,000 $411,364
    6-7% 11 $1,095,000 $99,545
    7-8% 5 $165,000 $33,000
    <2.5% 1 $195,000 $195,000

    During 2018, Reliant Bank's average interest rate for loans was 4.77%, while their most frequently originated rate bucket for loans was 4-5%, with 360 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 203 $55,915,000 $275,443 $5,123 4.80%
    $100k-200k 173 $25,865,000 $149,509 $3,885 4.86%
    $100,000 or less 106 $6,440,000 $60,755 $1,538 5.18%
    $400k-600k 42 $19,930,000 $474,524 $5,325 4.85%
    $1MM+ 8 $18,420,000 $2,302,500 $10,516 4.96%
    $600k-1MM 8 $6,110,000 $763,750 $5,593 4.72%

    2018 saw Reliant Bank place emphasis on $200k-400k loans with 203 originations, totaling $55,915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 127 $22,995,000 $181,063 $4,286 4.82%
    $100k-150k 94 $23,350,000 $248,404 $4,160 4.96%
    $50k or less 94 $11,430,000 $121,596 $3,565 4.81%
    $75k-100k 68 $15,220,000 $223,824 $4,767 4.89%
    $250k+ 54 $20,100,000 $372,222 $4,894 4.94%
    $150k-250k 41 $13,795,000 $336,463 $4,190 4.87%

    Reliant Bank lent most frequently to those with incomes in the $50k-75k range, with 127 originations. The second most popular income band? $100k-150k, with 94 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 71 $14,715,000 $207,254 $3,570 4.81%
    30-36% 60 $13,720,000 $228,667 $4,086 4.71%
    50-60% 36 $8,600,000 $238,889 $6,487 4.77%
    <20% 28 $4,890,000 $174,643 $2,435 4.70%
    42% 19 $4,195,000 $220,789 $4,399 4.76%
    43% 19 $4,095,000 $215,526 $3,961 4.80%
    44% 19 $3,395,000 $178,684 $5,230 5.10%
    37% 17 $3,915,000 $230,294 $4,503 4.79%
    49% 17 $3,805,000 $223,824 $3,656 4.89%
    40% 14 $3,730,000 $266,429 $4,491 4.73%
    45% 14 $3,400,000 $242,857 $4,246 4.70%
    46% 13 $2,935,000 $225,769 $4,079 4.93%
    36% 13 $2,355,000 $181,154 $3,068 4.99%
    38% 12 $2,270,000 $189,167 $4,492 4.93%
    39% 12 $3,200,000 $266,667 $4,449 4.84%
    47% 11 $2,255,000 $205,000 $4,309 4.90%
    48% 11 $2,695,000 $245,000 $4,264 4.97%
    41% 9 $2,685,000 $298,333 $4,511 4.49%
    >60% 8 $1,480,000 $185,000 $4,150 5.08%

    Reliant Bank lent most frequently to those with DTI ratios of 20-30%, with 71 originations. The next most common DTI ratio? 30-36%, with 60 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 426 $91,710,000 $215,282 $4,050 4.89%
    Not applicable 59 $25,515,000 $432,458 $0 5.08%
    Black 26 $7,160,000 $275,385 $5,858 4.82%
    Not provided 16 $4,370,000 $273,125 $4,808 4.87%
    Asian 8 $2,870,000 $358,750 $5,246 4.66%
    American Indian 2 $340,000 $170,000 $2,380 4.31%
    Other Asian 1 $255,000 $255,000 $2,955 4.95%
    Asian Indian 1 $255,000 $255,000 $0 5.60%
    Vietnamese 1 $205,000 $205,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    88.67%

    Reliant Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.11%

    Reliant Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 540 $132,680,000 $245,704

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $13,525,000 $1,502,778
    Single Family (1-4 Units):Manufactured 9 $605,000 $67,222
    Single Family (1-4 Units):Site-Built 522 $118,550,000 $227,107

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 31 $3,195,000 $103,065 $1,734 4.93%
    40-60% 67 $15,255,000 $227,687 $3,164 4.72%
    60-80% 199 $59,565,000 $299,322 $3,937 4.95%
    80-100% 209 $49,555,000 $237,105 $5,121 4.83%
    Over 100% 10 $2,920,000 $292,000 $6,935 4.70%
    Under 20% 20 $1,250,000 $62,500 $952 5.78%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    ROYAL UNITED MORTGAGE LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 7 63.6%
    ROYAL UNITED MORTGAGE LLC Conventional home mortgage Closing on a mortgage 1 9.1%
    ROYAL UNITED MORTGAGE LLC Conventional home mortgage Trouble during payment process 1 9.1%
    ROYAL UNITED MORTGAGE LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 9.1%
    ROYAL UNITED MORTGAGE LLC Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 9.1%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Reliant Bank 101 Creekstone Blvd Franklin, TN 37064 Full Service B&M $38,209
    Reliant Bank 106 Public Square Mount Pleasant, TN 38474 Full Service B&M $30,319
    Reliant Bank 1204 Nashville Pike Gallatin, TN 37066 Full Service B&M $96,528
    Reliant Bank 1412 Trotwood Avenue Columbia, TN 38401 Full Service B&M $0
    Reliant Bank 1736 Carothers Parkway Brentwood, TN 37027 Full Service B&M $530,971
    Reliant Bank 314 North Public Square Centerville, TN 37033 Full Service B&M $83,580
    Reliant Bank 4108 Hillsboro Pike Nashville, TN 37215 Full Service B&M $13,763
    Reliant Bank 425 East Main Street Gallatin, TN 37066 Full Service B&M $48,328
    Reliant Bank 4809 Columbia Pike Thompsons Station, TN 37179 Full Service B&M $26,736
    Reliant Bank 501 South James M. Campbell Boulevard Columbia, TN 38401 Full Service B&M $174,635
    Reliant Bank 5109 Peter Taylor Park Drive Brentwood, TN 37027 Full Service B&M $34,076
    Reliant Bank 5200 Highway 100 Lyles, TN 37098 Full Service B&M $29,703
    Reliant Bank 6005 Nolensville Road Nashville, TN 37211 Full Service B&M $42,513
    Reliant Bank 601 North Garden Street Columbia, TN 38401 Full Service B&M $71,000
    Reliant Bank 701 South Main Street Springfield, TN 37172 Full Service B&M $116,291

    For 2018, Reliant Bank had 15 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $69,221
    Net interest income $54,555
    Total noninterest income $9,790
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,440
    Trading account gains and fees $0
    Additional Noninterest Income $8,350
    Pre-tax net operating income $18,077
    Securities gains (or losses, -) $43
    Income before extraordinary items $14,791
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $14,791
    Minority interest net income $-3,397
    Net income $18,188
    Sale, conversion, retirement of capital stock, net $1,314
    Net operating income $14,755

    Reliant Bank's gross interest income from loans was $69,221,000.
    Reliant Bank's net interest income from loans was $54,555,000.
    Reliant Bank's fee based income from loans was $1,440,000.
    Reliant Bank's net income from loans was $18,188,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $14,666
    Provision for credit losses $1,035
    Total noninterest expense $45,233
    Salaries and employee benefits $26,845
    Premises and equipment expense $6,364
    Additional noninterest expense $12,024
    Applicable income taxes $3,329
    Net charge-offs $-126
    Cash dividends $7,300

    Reliant Bank's interest expense for loans was $14,666,000.
    Reliant Bank's payroll and benefits expense were $26,845,000.
    Reliant Bank's property, plant and equipment expenses $6,364,000.

    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 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.9%
    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 $1,439,919
    Deposits held in domestic offices $1,439,919
    Deposits by Individuals, partnerships, and corporations $977,218
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $370,866
    Deposits by Commercial banks and other depository institutions in U.S. $91,835
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $78,815
    Demand deposits $56,742
    Nontransaction accounts $1,361,104
    Money market deposit accounts (MMDAs) $319,730
    Other savings deposits (excluding MMDAs) $350,189
    Total time deposits $691,185
    Total time and savings deposits $1,383,177
    Noninterest-bearing deposits $221,210
    Interest-bearing deposits $1,218,709
    Retail deposits $1,010,409
    IRAs and Keogh plan accounts $26,178
    Brokered deposits $98,774
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,722,351
    Cash & Balances due from depository institutions $38,308
    Interest-bearing balances $33,086
    Total securities $292,822
    Federal funds sold & reverse repurchase $371
    Net loans and leases $1,236,319
    Loan and leases loss allowance $10,892
    Trading account assets $0
    Bank premises and fixed assets $22,033
    Other real estate owned $1,000
    Goodwill and other intangibles $51,861
    All other assets $79,637

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,722,351
    Total Liabilities $1,505,773
    Total deposits $1,439,919
    Interest-bearing deposits $1,218,709
    Deposits held in domestic offices $1,439,919
    % insured (estimated) $50
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $57,408
    Subordinated debt $0
    All other liabilities $8,446

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,236,319
    Loan and leases loss allowance $10,892
    Total loans and leases (domestic) $1,247,211
    All real estate loans $998,439
    Real estate loans in domestic offices $998,439
    Construction and development loans $192,496
    Residential 1-4 family construction $61,979
    Other construction, all land development and other land $130,517
    Loans secured by nonfarm nonresidential properties $438,952
    Nonfarm nonresidential secured by owner-occupied properties $164,134
    Commercial real estate & other non-farm, non-residential $274,818
    Multifamily residential real estate $8,888
    1-4 family residential loans $329,798
    Farmland loans $28,305
    Loans held in foreign offices $0
    Farm loans $12,413
    Commercial and industrial loans $201,437
    To non-U.S. addressees $0
    Loans to individuals $20,495
    Credit card loans $668
    Related Plans $8,853
    Consumer Auto Loans $2,631
    Other loans to individuals $8,343
    All other loans & leases $14,427
    Loans to foreign governments and official institutions $0
    Other loans $2,762
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $17,280
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,618
    Non 1-4 family restructured loans & leases $1,618
    Total loans and leases (foreign) $0

    Reliant Bank had $1,236,319,000 of loans outstanding in 2018. $998,439,000 of loans were in real estate loans. $192,496,000 of loans were in development loans. $8,888,000 of loans were in multifamily mortgage loans. $329,798,000 of loans were in 1-4 family mortgage loans. $12,413,000 of loans were in farm loans. $668,000 of loans were in credit card loans. $2,631,000 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 429 $131,317 $306,100
    Nonfarm, nonresidential loans - <$100k 58 $3,180 $54,828
    Nonfarm, nonresidential loans - $100-250k 135 $18,799 $139,252
    Nonfarm, nonresidential loans - $250k-1MM 236 $109,338 $463,297
    Commercial & Industrial, US addressed loans - <$1MM 558 $74,442 $133,409
    Commercial & Industrial, US addressed loans - <$100k 290 $7,901 $27,245
    Commercial & Industrial, US addressed loans - $100-250k 167 $22,088 $132,263
    Commercial & Industrial, US addressed loans - $250k-1MM 101 $44,453 $440,129
    Farmland loans - <$1MM 114 $16,111 $141,325
    Farmland loans - <$100k 47 $2,210 $47,021
    Farmland loans - $100-250k 42 $5,897 $140,405
    Farmland loans - $250k-1MM 25 $8,004 $320,160
    Agriculture operations loans - <$1MM 165 $11,334 $68,691
    Agriculture operations loans - <$100k 114 $2,849 $24,991
    Agriculture operations loans - $100-250k 39 $5,344 $137,026
    Agriculture operations loans - $250k-1MM 12 $3,141 $261,750