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 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, Philadelphia, Harrisburg, Reading, and State College among others. We have data for 26 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

341

Origination Dollar Volume (All Markets)

$87,625,000

Employee count

204

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)	100	$19,850,000	$198,500	$0	0.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	20	$13,990,000	$699,500	$0	0.00%
HARRISBURG-CARLISLE, PA (FHA\|USDA\|VA)	46	$10,320,000	$224,348	$0	0.00%
READING, PA (FHA\|USDA\|VA)	25	$8,385,000	$335,400	$0	0.00%
STATE COLLEGE, PA (FHA\|USDA\|VA)	13	$6,765,000	$520,385	$0	0.00%
DuBois, PA (FHA\|USDA\|VA)	51	$4,785,000	$93,824	$0	0.00%
YORK-HANOVER, PA (FHA\|USDA\|VA)	1	$3,625,000	$3,625,000	$0	0.00%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	1	$3,005,000	$3,005,000	$0	0.00%
Huntingdon, PA (FHA\|USDA\|VA)	18	$2,150,000	$119,444	$0	0.00%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA\|USDA\|VA)	8	$2,110,000	$263,750	$0	0.00%
ATLANTIC CITY-HAMMONTON, NJ (FHA\|USDA\|VA)	1	$1,905,000	$1,905,000	$0	0.00%
Somerset, PA (FHA\|USDA\|VA)	10	$1,820,000	$182,000	$0	0.00%
Outside of Metro Areas	15	$1,435,000	$95,667	$0	0.00%
ALTOONA, PA (FHA\|USDA\|VA)	8	$1,350,000	$168,750	$0	0.00%
OCEAN CITY, NJ (FHA\|USDA\|VA)	3	$1,045,000	$348,333	$0	0.00%
WILLIAMSPORT, PA (FHA\|USDA\|VA)	3	$1,015,000	$338,333	$0	0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	1	$755,000	$755,000	$0	0.00%
Lewistown, PA (FHA\|USDA\|VA)	6	$720,000	$120,000	$0	0.00%
LANCASTER, PA (FHA\|USDA\|VA)	3	$625,000	$208,333	$0	0.00%
Sunbury, PA (FHA\|USDA\|VA)	2	$570,000	$285,000	$0	0.00%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	1	$305,000	$305,000	$0	0.00%
BLOOMSBURG-BERWICK, PA (FHA\|USDA\|VA)	1	$295,000	$295,000	$0	0.00%
SALISBURY, MD-DE (FHA\|USDA\|VA)	1	$285,000	$285,000	$0	0.00%
PITTSBURGH, PA (FHA\|USDA\|VA)	1	$255,000	$255,000	$0	0.00%
Lock Haven, PA (FHA\|USDA\|VA)	1	$145,000	$145,000	$0	0.00%
Warren, PA (FHA\|USDA\|VA)	1	$115,000	$115,000	$0	0.00%

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

Their top states include:

Pennsylvania (FHA|USDA|VA)

New Jersey (FHA|USDA|VA)

Florida (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.

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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	328	$86,430,000	$263,506	$0	0.00%
USDA	13	$1,195,000	$91,923	$0	0.00%

For 2020, Riverview Bank's most frequently originated type of loan was Conventional, with 328 originations. Their 2nd most popular type was USDA, with 13 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	144	$33,110,000	$229,931	$0	0.00%
Refi	125	$37,835,000	$302,680	$0	0.00%
Cash Out Refi	54	$12,040,000	$222,963	$0	0.00%
Home Improvement	9	$3,865,000	$429,444	$0	0.00%
Other	9	$775,000	$86,111	$0	0.00%

For 2020, Riverview Bank's most frequently cited loan purpose was Home Purchase, with 144 originations. The 2nd most popular reason was Refi, with 125 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	341	$87,625,000	$256,965	$0	0.00%

For 2020, Riverview Bank's most frequently cited loan duration was Other, with 341 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	124	$17,410,000	$140,403	$0	0.00%
$100,000 or less	97	$6,005,000	$61,907	$0	0.00%
$200k-400k	74	$19,990,000	$270,135	$0	0.00%
$400k-600k	28	$13,070,000	$466,786	$0	0.00%
$1MM+	13	$27,335,000	$2,102,692	$0	0.00%
$600k-1MM	5	$3,815,000	$763,000	$0	0.00%

2020 saw Riverview Bank place emphasis on $100k-200k loans with 124 originations, totaling $17,410,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	64	$11,260,000	$175,938	$0	0.00%
$50k-75k	53	$6,145,000	$115,943	$0	0.00%
$50k or less	49	$4,005,000	$81,735	$0	0.00%
$75k-100k	46	$6,360,000	$138,261	$0	0.00%
$150k-250k	37	$11,295,000	$305,270	$0	0.00%
$250k+	28	$14,930,000	$533,214	$0	0.00%

Riverview Bank lent most frequently to those with incomes in the $100k-150k range, with 64 originations. The second most popular income band? $50k-75k, with 53 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	341	$87,625,000	$256,965	$0	0.00%

Riverview Bank lent most frequently to those with DTI ratios of Exempt%, with 341 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	287	$58,315,000	$203,188	$0	0.00%
Not applicable	49	$28,145,000	$574,388	$0	0.00%
Asian	3	$935,000	$311,667	$0	0.00%
Black	2	$230,000	$115,000	$0	0.00%

Approval Rates

Total approvals of all applications
87.90%

Riverview Bank has an average approval rate.

Pick Rate

Approvals leading to origination
87.10%

Riverview Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	341	$87,625,000	$256,965

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Manufactured	1	$505,000	$505,000
Multifamily:Site-Built	18	$22,470,000	$1,248,333
Single Family (1-4 Units):Manufactured	18	$1,880,000	$104,444
Single Family (1-4 Units):Site-Built	304	$62,770,000	$206,480

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Riverview Bank	100 Hollywood Blvd Orwigsburg, PA 17961	Full Service B&M	$47,673
Riverview Bank	101 High Street Williamsburg, PA 16693	Full Service B&M	$38,086
Riverview Bank	11 North Second Street Clearfield, PA 16830	Full Service B&M	$64,566
Riverview Bank	1120 S Cedar Crest Blvd Allentown, PA 18103	Full Service B&M	$12,697
Riverview Bank	135 Center St Meyersdale, PA 15552	Full Service B&M	$40,098
Riverview Bank	1460 Washington Blvd Williamsport, PA 17701	Full Service B&M	$12,601
Riverview Bank	16 West Shirley Street Mount Union, PA 17066	Full Service B&M	$25,272
Riverview Bank	19 Irwin Drive Extension Philipsburg, PA 16866	Full Service B&M	$40,347
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	$63,701
Riverview Bank	2287 Curryville Road, P.O. Box 270 Martinsburg, PA 16662	Full Service B&M	$30,660
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	$27,128
Riverview Bank	311 South Market Street Millersburg, PA 17061	Full Service B&M	$25,828
Riverview Bank	34 South Market Street Elizabethville, PA 17023	Full Service B&M	$22,033
Riverview Bank	3556 Gettysburg Road Camp Hill, PA 17011	Full Service B&M	$3,735
Riverview Bank	407 Walnut Street Curwensville, PA 16833	Full Service B&M	$42,209
Riverview Bank	4930 North Fifth Street Hwy Temple, PA 19560	Full Service B&M	$20,690
Riverview Bank	500 South State Road Marysville, PA 17053	Full Service B&M	$87,898
Riverview Bank	509 N. Center Avenue Somerset, PA 15501	Limited, Drive-thru	$11,744
Riverview Bank	511 Pine Grove Road State College, PA 16801	Full Service B&M	$21,777
Riverview Bank	55 South Main St Duncannon, PA 17020	Full Service B&M	$35,509
Riverview Bank	57 S. Sillyman Street Cressona, PA 17929	Full Service B&M	$39,024
Riverview Bank	91 Beaver Drive Du Bois, PA 15801	Full Service B&M	$49,398
Riverview Bank	920 East Wiconisco Street Tower City, PA 17980	Full Service B&M	$20,159
Riverview Bank	9585 William Penn Hwy Huntingdon, PA 16652	Full Service B&M	$55,920
Riverview Bank	Pottsville Park Plaza Pottsville, PA 17901	Full Service B&M	$47,120
Riverview Bank	Third And Market Streets Halifax, PA 17032	Full Service B&M	$65,639
Riverview Bank	West Market And 22nd Streets Pottsville, PA 17901	Full Service B&M	$72,492

For 2020, Riverview Bank had 29 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$46,201
Net interest income	$40,187
Total noninterest income	$7,895
Gross Fiduciary activities income	$961
Service charges on deposit accounts	$2,451
Trading account gains and fees	$0
Additional Noninterest Income	$4,483
Pre-tax net operating income	$-20,776
Securities gains (or losses, -)	$815
Income before extraordinary items	$-20,427
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$-20,427
Minority interest net income	$0
Net income	$-20,427
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$-21,242

Riverview Bank's gross interest income from loans was $46,201,000.
Riverview Bank's net interest income from loans was $40,187,000.
Riverview Bank's fee based income from loans was $2,451,000.
Riverview Bank's net income from loans was $-20,427,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$6,014
Provision for credit losses	$6,282
Total noninterest expense	$62,576
Salaries and employee benefits	$20,207
Premises and equipment expense	$5,141
Additional noninterest expense	$37,228
Applicable income taxes	$466
Net charge-offs	$1,598
Cash dividends	$1,400

Riverview Bank's interest expense for loans was $6,014,000.
Riverview Bank's payroll and benefits expense were $20,207,000.
Riverview Bank's property, plant and equipment expenses $5,141,000.

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	$1,025,963
Deposits held in domestic offices	$1,025,963
Deposits by Individuals, partnerships, and corporations	$915,525
Deposits by U.S. Government	$191
Deposits by States and political subdivisions in the U.S.	$109,932
Deposits by Commercial banks and other depository institutions in U.S.	$314
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$87,988
Demand deposits	$87,988
Nontransaction accounts	$937,974
Money market deposit accounts (MMDAs)	$130,769
Other savings deposits (excluding MMDAs)	$572,182
Total time deposits	$235,021
Total time and savings deposits	$937,974
Noninterest-bearing deposits	$184,103
Interest-bearing deposits	$841,860
Retail deposits	$1,005,966
IRAs and Keogh plan accounts	$72,754
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,357,283
Cash & Balances due from depository institutions	$49,781
Interest-bearing balances	$36,270
Total securities	$103,694
Federal funds sold & reverse repurchase	$0
Net loans and leases	$1,131,377
Loan and leases loss allowance	$12,200
Trading account assets	$0
Bank premises and fixed assets	$20,352
Other real estate owned	$422
Goodwill and other intangibles	$1,918
All other assets	$49,739

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,357,283
Total Liabilities	$1,238,402
Total deposits	$1,025,963
Interest-bearing deposits	$841,860
Deposits held in domestic offices	$1,025,963
% insured (estimated)	$79
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$196,904
Subordinated debt	$0
All other liabilities	$15,535

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$1,131,377
Loan and leases loss allowance	$12,200
Total loans and leases (domestic)	$1,143,577
All real estate loans	$777,831
Real estate loans in domestic offices	$777,831
Construction and development loans	$73,402
Residential 1-4 family construction	$5,942
Other construction, all land development and other land	$67,460
Loans secured by nonfarm nonresidential properties	$415,161
Nonfarm nonresidential secured by owner-occupied properties	$122,041
Commercial real estate & other non-farm, non-residential	$293,120
Multifamily residential real estate	$59,487
1-4 family residential loans	$201,934
Farmland loans	$27,847
Loans held in foreign offices	$0
Farm loans	$1,880
Commercial and industrial loans	$317,471
To non-U.S. addressees	$0
Loans to individuals	$6,666
Credit card loans	$0
Related Plans	$4,223
Consumer Auto Loans	$404
Other loans to individuals	$2,039
All other loans & leases	$39,729
Loans to foreign governments and official institutions	$0
Other loans	$13,326
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$60
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$7,699
Non 1-4 family restructured loans & leases	$7,197
Total loans and leases (foreign)	$0

Riverview Bank had $1,131,377,000 of loans outstanding in 2020. $777,831,000 of loans were in real estate loans. $73,402,000 of loans were in development loans. $59,487,000 of loans were in multifamily mortgage loans. $201,934,000 of loans were in 1-4 family mortgage loans. $1,880,000 of loans were in farm loans. $0 of loans were in credit card loans. $404,000 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	375	$75,849	$202,264
Nonfarm, nonresidential loans - <$100k	95	$3,576	$37,642
Nonfarm, nonresidential loans - $100-250k	130	$15,966	$122,815
Nonfarm, nonresidential loans - $250k-1MM	150	$56,307	$375,380
Commercial & Industrial, US addressed loans - <$1MM	1,571	$188,919	$120,254
Commercial & Industrial, US addressed loans - <$100k	919	$32,796	$35,687
Commercial & Industrial, US addressed loans - $100-250k	397	$55,418	$139,592
Commercial & Industrial, US addressed loans - $250k-1MM	255	$100,705	$394,922
Farmland loans - <$1MM	59	$7,159	$121,339
Farmland loans - <$100k	20	$883	$44,150
Farmland loans - $100-250k	23	$2,778	$120,783
Farmland loans - $250k-1MM	16	$3,498	$218,625
Agriculture operations loans - <$1MM	37	$1,874	$50,649
Agriculture operations loans - <$100k	26	$488	$18,769
Agriculture operations loans - $100-250k	8	$754	$94,250
Agriculture operations loans - $250k-1MM	3	$632	$210,667