Riverview Bank Mortgage Rates, Fees & Info

Marysville, PA

LEI: 549300MHRZRWDY7LRR86

Tax ID: 23-0581420

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

Review & Overview

Riverview Bank is a smaller bank specializing in Home Purchase loans. Riverview Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Columbia, State College, Pottsville, Harrisburg, and Reading among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

Riverview 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.

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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Originations

392

Origination Dollar Volume (All Markets)

$87,670,000

Employee count

283

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
COLUMBIA, SC (FHA\|USDA\|VA)	1	$21,365,000	$21,365,000	$0	0.00%
STATE COLLEGE, PA (FHA\|USDA\|VA)	12	$18,730,000	$1,560,833	$0	0.00%
Pottsville, PA (FHA\|USDA\|VA)	106	$15,350,000	$144,811	$0	0.00%
HARRISBURG-CARLISLE, PA (FHA\|USDA\|VA)	62	$7,500,000	$120,968	$0	0.00%
READING, PA (FHA\|USDA\|VA)	39	$7,415,000	$190,128	$0	0.00%
DuBois, PA (FHA\|USDA\|VA)	62	$4,040,000	$65,161	$0	0.00%
Somerset, PA (FHA\|USDA\|VA)	32	$3,960,000	$123,750	$0	0.00%
ALTOONA, PA (FHA\|USDA\|VA)	21	$1,935,000	$92,143	$0	0.00%
YORK-HANOVER, PA (FHA\|USDA\|VA)	4	$1,760,000	$440,000	$0	0.00%
Huntingdon, PA (FHA\|USDA\|VA)	17	$985,000	$57,941	$0	0.00%
SALISBURY, MD-DE (FHA\|USDA\|VA)	3	$785,000	$261,667	$0	0.00%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA\|USDA\|VA)	3	$745,000	$248,333	$0	0.00%
BLOOMSBURG-BERWICK, PA (FHA\|USDA\|VA)	3	$735,000	$245,000	$0	0.00%
WILLIAMSPORT, PA (FHA\|USDA\|VA)	4	$530,000	$132,500	$0	0.00%
Outside of Metro Areas	9	$385,000	$42,778	$0	0.00%
PITTSBURGH, PA (FHA\|USDA\|VA)	3	$375,000	$125,000	$0	0.00%
Sunbury, PA (FHA\|USDA\|VA)	4	$310,000	$77,500	$0	0.00%
ATLANTIC CITY-HAMMONTON, NJ (FHA\|USDA\|VA)	1	$245,000	$245,000	$0	0.00%
GETTYSBURG, PA (FHA\|USDA\|VA)	1	$145,000	$145,000	$0	0.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	0.00%
LEBANON, PA (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	0.00%
Lewistown, PA (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	0.00%
St. Marys, PA (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	0.00%
SCRANTON--WILKES-BARRE, PA (FHA\|USDA\|VA)	1	$35,000	$35,000	$0	0.00%

Riverview Bank's top markets include Columbia, State College, Pottsville, Harrisburg, and Reading among others.

Their top states include:

Pennsylvania (FHA|USDA|VA)

South Carolina (FHA|USDA|VA)

Delaware (FHA|USDA|VA)

New Jersey (FHA|USDA|VA)

Maryland (FHA|USDA|VA)

Similar Lenders

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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	381	$86,785,000	$227,782	$0	0.00%
USDA	11	$885,000	$80,455	$0	0.00%

For 2018, Riverview Bank's most frequently originated type of loan was Conventional, with 381 originations. Their 2nd most popular type was USDA, with 11 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	212	$72,420,000	$341,604	$0	0.00%
Refi	68	$5,840,000	$85,882	$0	0.00%
Cash Out Refi	63	$6,725,000	$106,746	$0	0.00%
Home Improvement	35	$2,125,000	$60,714	$0	0.00%
Other	14	$560,000	$40,000	$0	0.00%

For 2018, Riverview Bank's most frequently cited loan purpose was Home Purchase, with 212 originations. The 2nd most popular reason was Refi, with 68 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	392	$87,670,000	$223,648	$0	0.00%

For 2018, Riverview Bank's most frequently cited loan duration was Other, with 392 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	213	$10,775,000	$50,587	$0	0.00%
$100k-200k	113	$15,575,000	$137,832	$0	0.00%
$200k-400k	49	$13,085,000	$267,041	$0	0.00%
$400k-600k	11	$5,335,000	$485,000	$0	0.00%
$1MM+	4	$41,260,000	$10,315,000	$0	0.00%
$600k-1MM	2	$1,640,000	$820,000	$0	0.00%

2018 saw Riverview Bank place emphasis on $100,000 or less loans with 213 originations, totaling $10,775,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	94	$5,650,000	$60,106	$0	0.00%
$50k-75k	90	$7,450,000	$82,778	$0	0.00%
$100k-150k	53	$9,115,000	$171,981	$0	0.00%
$75k-100k	53	$5,785,000	$109,151	$0	0.00%
$150k-250k	26	$5,330,000	$205,000	$0	0.00%
$250k+	15	$5,495,000	$366,333	$0	0.00%

Riverview Bank lent most frequently to those with incomes in the $50k or less range, with 94 originations. The second most popular income band? $50k-75k, with 90 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	392	$87,670,000	$223,648	$0	0.00%

Riverview Bank lent most frequently to those with DTI ratios of Exempt%, with 392 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	56	$47,780,000	$853,214	$0	0.00%
White	328	$38,590,000	$117,652	$0	0.00%
Black	4	$820,000	$205,000	$0	0.00%
Asian	3	$375,000	$125,000	$0	0.00%
Not provided	1	$105,000	$105,000	$0	0.00%

Approval Rates

Total approvals of all applications
83.30%

Riverview Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
84.18%

Riverview Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	392	$87,670,000	$223,648

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	12	$42,020,000	$3,501,667
Single Family (1-4 Units):Manufactured	30	$2,240,000	$74,667
Single Family (1-4 Units):Site-Built	350	$43,410,000	$124,029

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Riverview Bank	100 Hollywood Blvd Orwigsburg, PA 17961	Full Service B&M	$41,784
Riverview Bank	101 High Street Williamsburg, PA 16693	Full Service B&M	$24,549
Riverview Bank	1021 Centre Turnpike Orwigsburg, PA 17961	Limited, Trust Office	$0
Riverview Bank	1026 Main Street Berlin, PA 15530	Full Service B&M	$8,814
Riverview Bank	11 North Second Street Clearfield, PA 16830	Full Service B&M	$100,869
Riverview Bank	135 Center Street Meyersdale, PA 15552	Full Service B&M	$45,139
Riverview Bank	1542 East 3rd Street Williamsport, PA 17701	Full Service B&M	$10,544
Riverview Bank	16 West Shirley Street Mount Union, PA 17066	Full Service B&M	$24,448
Riverview Bank	19 Irwin Drive Extension Philipsburg, PA 16866	Full Service B&M	$41,342
Riverview Bank	1935 Daisy Street, Route 322 Clearfield, PA 16830	Full Service B&M	$13,408
Riverview Bank	200 Front Street Marysville, PA 17053	Full Service B&M	$0
Riverview Bank	204 Bridge Street Clearfield, PA 16830	Full Service B&M	$46,125
Riverview Bank	2287 Curryville Road Martinsburg, PA 16662	Full Service B&M	$28,221
Riverview Bank	2800 State Hill Road Reading, PA 19610	Full Service B&M	$27,753
Riverview Bank	311 South Market Street Millersburg, PA 17061	Full Service B&M	$27,650
Riverview Bank	3305 6th Avenue Altoona, PA 16602	Full Service B&M	$5,272
Riverview Bank	34 South Market Street Elizabethville, PA 17023	Full Service B&M	$22,946
Riverview Bank	407 Walnut Street Curwensville, PA 16833	Full Service B&M	$37,656
Riverview Bank	450 West Shamokin Street Trevorton, PA 17881	Full Service B&M	$22,671
Riverview Bank	4930 North Fifth Street Hwy Temple, PA 19560	Full Service B&M	$15,517
Riverview Bank	500 Penn Street Huntingdon, PA 16652	Limited, Drive-thru	$20,629
Riverview Bank	500 South State Road Marysville, PA 17053	Full Service B&M	$92,441
Riverview Bank	509 N. Center Avenue Somerset, PA 15501	Limited, Drive-thru	$4,622
Riverview Bank	511 Pine Grove Road State College, PA 16801	Full Service B&M	$20,377
Riverview Bank	55 South Main St Duncannon, PA 17020	Full Service B&M	$37,217
Riverview Bank	57 S. Sillyman Street Cressona, PA 17929	Full Service B&M	$27,776
Riverview Bank	91 Beaver Drive Du Bois, PA 15801	Full Service B&M	$49,000
Riverview Bank	920 East Wiconisco Street Tower City, PA 17980	Full Service B&M	$14,765
Riverview Bank	9585 William Penn Hwy Huntingdon, PA 16652	Full Service B&M	$35,882
Riverview Bank	Pottsville Park Plaza Pottsville, PA 17901	Full Service B&M	$41,582
Riverview Bank	Third And Market Streets Halifax, PA 17032	Full Service B&M	$62,850
Riverview Bank	West Market And 22nd Streets Pottsville, PA 17901	Full Service B&M	$66,105

For 2018, Riverview Bank had 32 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$51,959
Net interest income	$44,741
Total noninterest income	$8,777
Gross Fiduciary activities income	$915
Service charges on deposit accounts	$2,299
Trading account gains and fees	$0
Additional Noninterest Income	$5,563
Pre-tax net operating income	$14,100
Securities gains (or losses, -)	$41
Income before extraordinary items	$11,580
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$11,580
Minority interest net income	$0
Net income	$11,580
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$11,546

Riverview Bank's gross interest income from loans was $51,959,000.
Riverview Bank's net interest income from loans was $44,741,000.
Riverview Bank's fee based income from loans was $2,299,000.
Riverview Bank's net income from loans was $11,580,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$7,218
Provision for credit losses	$615
Total noninterest expense	$38,803
Salaries and employee benefits	$22,064
Premises and equipment expense	$4,153
Additional noninterest expense	$12,586
Applicable income taxes	$2,561
Net charge-offs	$573
Cash dividends	$9,229

Riverview Bank's interest expense for loans was $7,218,000.
Riverview Bank's payroll and benefits expense were $22,064,000.
Riverview Bank's property, plant and equipment expenses $4,153,000.

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	1.0%
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	$1,004,842
Deposits held in domestic offices	$1,004,842
Deposits by Individuals, partnerships, and corporations	$878,358
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$124,493
Deposits by Commercial banks and other depository institutions in U.S.	$1,991
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$80,802
Demand deposits	$80,802
Nontransaction accounts	$924,040
Money market deposit accounts (MMDAs)	$113,220
Other savings deposits (excluding MMDAs)	$496,865
Total time deposits	$313,955
Total time and savings deposits	$924,040
Noninterest-bearing deposits	$162,823
Interest-bearing deposits	$842,019
Retail deposits	$959,036
IRAs and Keogh plan accounts	$75,435
Brokered deposits	$14,262
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,137,637
Cash & Balances due from depository institutions	$53,816
Interest-bearing balances	$37,108
Total securities	$104,677
Federal funds sold & reverse repurchase	$0
Net loans and leases	$887,473
Loan and leases loss allowance	$6,348
Trading account assets	$0
Bank premises and fixed assets	$18,135
Other real estate owned	$721
Goodwill and other intangibles	$28,262
All other assets	$44,553

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,137,637
Total Liabilities	$1,017,030
Total deposits	$1,004,842
Interest-bearing deposits	$842,019
Deposits held in domestic offices	$1,004,842
% insured (estimated)	$82
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$12,188

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$887,473
Loan and leases loss allowance	$6,348
Total loans and leases (domestic)	$893,821
All real estate loans	$758,905
Real estate loans in domestic offices	$758,905
Construction and development loans	$39,556
Residential 1-4 family construction	$10,256
Other construction, all land development and other land	$29,300
Loans secured by nonfarm nonresidential properties	$384,689
Nonfarm nonresidential secured by owner-occupied properties	$129,131
Commercial real estate & other non-farm, non-residential	$255,558
Multifamily residential real estate	$65,299
1-4 family residential loans	$221,752
Farmland loans	$47,609
Loans held in foreign offices	$0
Farm loans	$4,036
Commercial and industrial loans	$80,027
To non-U.S. addressees	$0
Loans to individuals	$11,997
Credit card loans	$0
Related Plans	$6,035
Consumer Auto Loans	$1,230
Other loans to individuals	$4,732
All other loans & leases	$38,856
Loans to foreign governments and official institutions	$0
Other loans	$3,444
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$1,122
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$0
Non 1-4 family restructured loans & leases	$0
Total loans and leases (foreign)	$0

Riverview Bank had $887,473,000 of loans outstanding in 2018. $758,905,000 of loans were in real estate loans. $39,556,000 of loans were in development loans. $65,299,000 of loans were in multifamily mortgage loans. $221,752,000 of loans were in 1-4 family mortgage loans. $4,036,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,230,000 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	411	$79,153	$192,586
Nonfarm, nonresidential loans - <$100k	123	$4,928	$40,065
Nonfarm, nonresidential loans - $100-250k	131	$16,372	$124,977
Nonfarm, nonresidential loans - $250k-1MM	157	$57,853	$368,490
Commercial & Industrial, US addressed loans - <$1MM	584	$36,414	$62,353
Commercial & Industrial, US addressed loans - <$100k	415	$8,421	$20,292
Commercial & Industrial, US addressed loans - $100-250k	96	$8,998	$93,729
Commercial & Industrial, US addressed loans - $250k-1MM	73	$18,995	$260,205
Farmland loans - <$1MM	72	$10,082	$140,028
Farmland loans - <$100k	22	$806	$36,636
Farmland loans - $100-250k	27	$3,515	$130,185
Farmland loans - $250k-1MM	23	$5,761	$250,478
Agriculture operations loans - <$1MM	62	$3,869	$62,403
Agriculture operations loans - <$100k	43	$1,093	$25,419
Agriculture operations loans - $100-250k	14	$1,738	$124,143
Agriculture operations loans - $250k-1MM	5	$1,038	$207,600