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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Riverview Bank is a smaller bank specializing in Home Purchase and Refi 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: Pottsville, York, Dubois, State College, and Reading among others. We have data for 21 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. Riverview 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.

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    Originations

    326

    Origination Dollar Volume (All Markets)

    $43,930,000

    Employee count

    249

    Awards

    Riverview Bank 30 Year Conventional Loans gold Riverview Bank 30 Year Conventional Loans gold Riverview Bank 30 Year Conventional Loans gold Riverview Bank 30 Year Conventional Loans bronze
    Show all (4) 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
    Pottsville, PA (FHA|USDA|VA) 93 $10,655,000 $114,570 $1,506 4.57%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $5,505,000 $5,505,000 $0 4.00%
    DuBois, PA (FHA|USDA|VA) 73 $4,955,000 $67,877 $1,338 4.65%
    STATE COLLEGE, PA (FHA|USDA|VA) 9 $4,605,000 $511,667 $1,419 4.46%
    READING, PA (FHA|USDA|VA) 24 $4,180,000 $174,167 $3,254 4.59%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 44 $3,380,000 $76,818 $1,299 4.79%
    Outside of Metro Areas 15 $2,335,000 $155,667 $1,992 4.61%
    LANCASTER, PA (FHA|USDA|VA) 7 $2,155,000 $307,857 $0 4.57%
    Somerset, PA (FHA|USDA|VA) 11 $1,585,000 $144,091 $1,637 4.88%
    Huntingdon, PA (FHA|USDA|VA) 14 $1,170,000 $83,571 $559 4.52%
    ALTOONA, PA (FHA|USDA|VA) 13 $1,035,000 $79,615 $1,237 4.70%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $830,000 $415,000 $2,558 5.00%
    WILLIAMSPORT, PA (FHA|USDA|VA) 7 $435,000 $62,143 $529 4.51%
    Sunbury, PA (FHA|USDA|VA) 5 $275,000 $55,000 $637 4.38%
    Meadville, PA (FHA|USDA|VA) 1 $265,000 $265,000 $3,833 3.88%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $175,000 $175,000 $3,191 3.50%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.24%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.74%
    Lewistown, PA (FHA|USDA|VA) 2 $90,000 $45,000 $1,355 5.45%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.25%
    JOHNSTOWN, PA (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.00%
    Riverview Bank's top markets include Pottsville, York, Dubois, State College, and Reading among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)

    • Similar Lenders

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

    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 228
    CNB Bank
    Similarity Rank: 320
    ACNB Bank
    Similarity Rank: 504
    First Commonwealth Bank
    Similarity Rank: 702
    Mid Penn Bank
    Similarity Rank: 744
    HOWARD HANNA FINANCIAL SERVICES, INC.
    Similarity Rank: 902
    Foote Capital Mortgage Company
    Similarity Rank: 927
    Summit Mortgage Corporation
    Similarity Rank: 950
    The Ephrata National Bank
    Similarity Rank: 990
    Riverview Bank
    Similarity Rank: 1344

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 320 $43,360,000 $135,500 $1,411 4.62%
    USDA 6 $570,000 $95,000 $3,648 4.85%

    For 2019, Riverview Bank's most frequently originated type of loan was Conventional, with 320 originations. Their 2nd most popular type was USDA, with 6 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 156 $27,020,000 $173,205 $2,524 4.56%
    Refi 52 $11,080,000 $213,077 $1,340 4.89%
    Cash Out Refi 43 $3,315,000 $77,093 $923 4.66%
    Home Improvement 39 $1,285,000 $32,949 $87 4.54%
    Other 36 $1,230,000 $34,167 $177 4.59%

    For 2019, Riverview Bank's most frequently cited loan purpose was Home Purchase, with 156 originations. The 2nd most popular reason was Refi, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 115 $16,545,000 $143,870 $2,643 4.43%
    15 Year 78 $5,500,000 $70,513 $863 5.03%
    10 Year 66 $15,370,000 $232,879 $41 4.51%
    5 Year 37 $2,855,000 $77,162 $93 4.28%
    Other 12 $710,000 $59,167 $234 5.24%
    20 Year 10 $1,720,000 $172,000 $2,968 4.49%
    1 Year 6 $670,000 $111,667 $0 5.75%
    30+ year 1 $525,000 $525,000 $10,420 4.59%
    3 Year 1 $35,000 $35,000 $0 3.99%

    For 2019, Riverview Bank's most frequently cited loan duration was 30 Year, with 115 originations. The 2nd most popular length was 15 Year, with 78 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 240 $20,700,000 $86,250
    $1k-2k 13 $1,585,000 $121,923
    $2k-3k 9 $1,475,000 $163,889
    $5k+ 1 $525,000 $525,000

    Riverview Bank's average total fees were $2,643, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 240 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 172 $21,210,000 $123,314
    3-4% 79 $14,965,000 $189,430
    5-6% 63 $7,305,000 $115,952
    6-7% 6 $180,000 $30,000
    7-8% 5 $175,000 $35,000
    Over 8% 1 $95,000 $95,000

    During 2019, Riverview Bank's average interest rate for loans was 4.43%, while their most frequently originated rate bucket for loans was 4-5%, with 172 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 196 $8,970,000 $45,765 $933 4.68%
    $100k-200k 79 $10,515,000 $133,101 $2,368 4.56%
    $200k-400k 37 $9,305,000 $251,486 $2,518 4.53%
    $400k-600k 8 $3,780,000 $472,500 $3,899 4.88%
    $600k-1MM 4 $3,010,000 $752,500 $0 4.27%
    $1MM+ 2 $8,350,000 $4,175,000 $0 4.15%

    2019 saw Riverview Bank place emphasis on $100,000 or less loans with 196 originations, totaling $8,970,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 80 $4,100,000 $51,250 $1,166 4.52%
    $50k-75k 61 $5,695,000 $93,361 $1,808 4.49%
    $75k-100k 59 $5,765,000 $97,712 $1,447 4.64%
    $100k-150k 44 $5,550,000 $126,136 $1,527 4.62%
    $150k-250k 16 $2,410,000 $150,625 $2,029 4.76%
    $250k+ 9 $2,345,000 $260,556 $1,199 4.35%

    Riverview Bank lent most frequently to those with incomes in the $50k or less range, with 80 originations. The second most popular income band? $50k-75k, with 61 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 80 $7,050,000 $88,125 $1,293 4.51%
    30-36% 64 $6,380,000 $99,688 $1,282 4.48%
    <20% 47 $2,605,000 $55,426 $974 4.51%
    42% 15 $1,635,000 $109,000 $1,522 4.71%
    43% 12 $2,140,000 $178,333 $2,268 5.07%
    41% 10 $970,000 $97,000 $2,159 4.23%
    38% 10 $1,250,000 $125,000 $2,115 4.51%
    39% 10 $950,000 $95,000 $1,872 4.34%
    37% 8 $1,260,000 $157,500 $2,053 3.98%
    36% 7 $555,000 $79,286 $1,975 4.18%
    50-60% 6 $690,000 $115,000 $2,862 6.28%
    40% 3 $215,000 $71,667 $2,443 4.21%
    47% 3 $275,000 $91,667 $2,284 4.74%
    >60% 2 $270,000 $135,000 $530 5.72%
    44% 2 $200,000 $100,000 $1,334 4.42%
    49% 1 $25,000 $25,000 $305 7.30%
    48% 1 $125,000 $125,000 $1,997 5.05%
    46% 1 $35,000 $35,000 $0 5.00%

    Riverview Bank lent most frequently to those with DTI ratios of 20-30%, with 80 originations. The next most common DTI ratio? 30-36%, with 64 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 273 $26,325,000 $96,429 $1,472 4.56%
    Not applicable 43 $16,665,000 $387,558 $0 5.08%
    Asian 3 $495,000 $165,000 $3,206 3.79%
    Not provided 4 $280,000 $70,000 $0 4.28%
    Black 3 $165,000 $55,000 $879 5.88%

    Approval Rates

    Total approvals of all applications
    79.67%

    Riverview Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    80.98%

    Riverview Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 326 $43,930,000 $134,755

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $1,765,000 $588,333
    Multifamily:Site-Built 12 $12,030,000 $1,002,500
    Single Family (1-4 Units):Manufactured 27 $2,325,000 $86,111
    Single Family (1-4 Units):Site-Built 284 $27,810,000 $97,923

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 54 $2,540,000 $47,037 $340 4.81%
    40-60% 33 $2,465,000 $74,697 $1,227 4.41%
    60-80% 104 $21,450,000 $206,250 $2,211 4.79%
    80-100% 83 $16,145,000 $194,518 $2,717 4.45%
    Over 100% 1 $85,000 $85,000 $1,936 4.96%
    Under 20% 51 $1,245,000 $24,412 $62 4.53%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Riverview Bank 100 Hollywood Blvd Orwigsburg, PA 17961 Full Service B&M $42,673
    Riverview Bank 101 High Street Williamsburg, PA 16693 Full Service B&M $26,541
    Riverview Bank 1026 Main St Berlin, PA 15530 Full Service B&M $7,716
    Riverview Bank 11 North Second Street Clearfield, PA 16830 Full Service B&M $92,122
    Riverview Bank 135 Center Street Meyersdale, PA 15552 Full Service B&M $42,446
    Riverview Bank 1542 East 3rd Street Williamsport, PA 17701 Full Service B&M $9,934
    Riverview Bank 16 West Shirley Street Mount Union, PA 17066 Full Service B&M $24,200
    Riverview Bank 19 Irwin Drive Extension Philipsburg, PA 16866 Full Service B&M $37,710
    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 $59,088
    Riverview Bank 2287 Curryville Road, P.O. Box 270 Martinsburg, PA 16662 Full Service B&M $29,026
    Riverview Bank 2638 Woodglen Road Pottsville, PA 17901 Limited, Trust Office $0
    Riverview Bank 2800 State Hill Road Reading, PA 19610 Full Service B&M $27,444
    Riverview Bank 311 South Market Street Millersburg, PA 17061 Full Service B&M $27,551
    Riverview Bank 3305 6th Avenue Altoona, PA 16602 Full Service B&M $6,945
    Riverview Bank 34 South Market Street Elizabethville, PA 17023 Full Service B&M $22,339
    Riverview Bank 407 Walnut Street Curwensville, PA 16833 Full Service B&M $38,760
    Riverview Bank 450 West Shamokin Street Trevorton, PA 17881 Full Service B&M $21,060
    Riverview Bank 4930 North Fifth Street Hwy Temple, PA 19560 Full Service B&M $19,140
    Riverview Bank 500 South State Road Marysville, PA 17053 Full Service B&M $75,659
    Riverview Bank 509 N. Center Avenue Somerset, PA 15501 Limited, Drive-thru $4,430
    Riverview Bank 511 Pine Grove Road State College, PA 16801 Full Service B&M $18,823
    Riverview Bank 55 South Main St Duncannon, PA 17020 Full Service B&M $34,773
    Riverview Bank 57 S. Sillyman Street Cressona, PA 17929 Full Service B&M $29,843
    Riverview Bank 91 Beaver Drive Du Bois, PA 15801 Full Service B&M $47,049
    Riverview Bank 920 East Wiconisco Street Tower City, PA 17980 Full Service B&M $18,006
    Riverview Bank 9585 William Penn Hwy Huntingdon, PA 16652 Full Service B&M $53,897
    Riverview Bank Pottsville Park Plaza Pottsville, PA 17901 Full Service B&M $44,231
    Riverview Bank Third And Market Streets Halifax, PA 17032 Full Service B&M $49,244
    Riverview Bank West Market And 22nd Streets Pottsville, PA 17901 Full Service B&M $69,454

    For 2019, Riverview Bank had 30 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $49,645
    Net interest income $41,559
    Total noninterest income $8,515
    Gross Fiduciary activities income $1,080
    Service charges on deposit accounts $2,711
    Trading account gains and fees $0
    Additional Noninterest Income $4,724
    Pre-tax net operating income $5,781
    Securities gains (or losses, -) $-22
    Income before extraordinary items $4,903
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,903
    Minority interest net income $0
    Net income $4,903
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,921

    Riverview Bank's gross interest income from loans was $49,645,000.
    Riverview Bank's net interest income from loans was $41,559,000.
    Riverview Bank's fee based income from loans was $2,711,000.
    Riverview Bank's net income from loans was $4,903,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,086
    Provision for credit losses $2,406
    Total noninterest expense $41,887
    Salaries and employee benefits $23,845
    Premises and equipment expense $4,357
    Additional noninterest expense $13,685
    Applicable income taxes $856
    Net charge-offs $1,238
    Cash dividends $3,220

    Riverview Bank's interest expense for loans was $8,086,000.
    Riverview Bank's payroll and benefits expense were $23,845,000.
    Riverview Bank's property, plant and equipment expenses $4,357,000.

    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 $941,202
    Deposits held in domestic offices $941,202
    Deposits by Individuals, partnerships, and corporations $832,939
    Deposits by U.S. Government $27
    Deposits by States and political subdivisions in the U.S. $107,996
    Deposits by Commercial banks and other depository institutions in U.S. $240
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $77,525
    Demand deposits $77,525
    Nontransaction accounts $863,677
    Money market deposit accounts (MMDAs) $101,373
    Other savings deposits (excluding MMDAs) $476,549
    Total time deposits $285,753
    Total time and savings deposits $863,677
    Noninterest-bearing deposits $148,127
    Interest-bearing deposits $793,075
    Retail deposits $915,143
    IRAs and Keogh plan accounts $72,842
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,080,138
    Cash & Balances due from depository institutions $50,348
    Interest-bearing balances $38,510
    Total securities $91,247
    Federal funds sold & reverse repurchase $0
    Net loans and leases $844,674
    Loan and leases loss allowance $7,516
    Trading account assets $0
    Bank premises and fixed assets $21,635
    Other real estate owned $82
    Goodwill and other intangibles $27,490
    All other assets $44,662

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,080,138
    Total Liabilities $955,577
    Total deposits $941,202
    Interest-bearing deposits $793,075
    Deposits held in domestic offices $941,202
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $3,892
    Subordinated debt $0
    All other liabilities $10,483

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $844,674
    Loan and leases loss allowance $7,516
    Total loans and leases (domestic) $852,190
    All real estate loans $725,167
    Real estate loans in domestic offices $725,167
    Construction and development loans $61,831
    Residential 1-4 family construction $8,569
    Other construction, all land development and other land $53,262
    Loans secured by nonfarm nonresidential properties $365,395
    Nonfarm nonresidential secured by owner-occupied properties $124,662
    Commercial real estate & other non-farm, non-residential $240,733
    Multifamily residential real estate $56,246
    1-4 family residential loans $207,435
    Farmland loans $34,260
    Loans held in foreign offices $0
    Farm loans $2,817
    Commercial and industrial loans $77,351
    To non-U.S. addressees $0
    Loans to individuals $8,365
    Credit card loans $0
    Related Plans $4,594
    Consumer Auto Loans $685
    Other loans to individuals $3,086
    All other loans & leases $38,490
    Loans to foreign governments and official institutions $0
    Other loans $2,695
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $94
    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 $844,674,000 of loans outstanding in 2019. $725,167,000 of loans were in real estate loans. $61,831,000 of loans were in development loans. $56,246,000 of loans were in multifamily mortgage loans. $207,435,000 of loans were in 1-4 family mortgage loans. $2,817,000 of loans were in farm loans. $0 of loans were in credit card loans. $685,000 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 394 $79,395 $201,510
    Nonfarm, nonresidential loans - <$100k 107 $3,961 $37,019
    Nonfarm, nonresidential loans - $100-250k 130 $16,509 $126,992
    Nonfarm, nonresidential loans - $250k-1MM 157 $58,925 $375,318
    Commercial & Industrial, US addressed loans - <$1MM 551 $35,598 $64,606
    Commercial & Industrial, US addressed loans - <$100k 377 $6,941 $18,411
    Commercial & Industrial, US addressed loans - $100-250k 94 $7,393 $78,649
    Commercial & Industrial, US addressed loans - $250k-1MM 80 $21,264 $265,800
    Farmland loans - <$1MM 65 $8,735 $134,385
    Farmland loans - <$100k 19 $769 $40,474
    Farmland loans - $100-250k 26 $3,192 $122,769
    Farmland loans - $250k-1MM 20 $4,774 $238,700
    Agriculture operations loans - <$1MM 50 $2,817 $56,340
    Agriculture operations loans - <$100k 33 $657 $19,909
    Agriculture operations loans - $100-250k 13 $1,275 $98,077
    Agriculture operations loans - $250k-1MM 4 $885 $221,250