R Bank Mortgage Rates, Fees & Info
Round Rock, TX
LEI: 549300RLNUFWOJLX7W13
Tax ID: 26-4536354
1.8 stars
-
out of 5 stars, based on 20 reviews
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Mortgage Data
Bank Data
Overview
R Bank is a
smaller
bank
specializing in
Home Purchase and Cash Out Refi loans.
R Bank has a high proportion of conventional loans.
Their top markets include Austin, Dallas, Killeen, Granbury, and Houston among others. R Bank has
an above average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
R Bank is typically
a high fee
lendor.
Originations
383
Origination Dollar Volume (All Markets)
$165,585,000
Employee count
149
Relative Rate
R Bank's average 30 year fixed rate mortgage of loans were
3.19%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.04%.
Relative Fees
R Bank's average total fees for a 30 year fixed rate
mortgage are $7,852.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA)
|
218
|
$108,270,000 |
$496,651 |
$7,442 |
3.43% |
Outside of Metro Areas
|
66 |
$23,600,000 |
$357,576 |
$6,588 |
3.25% |
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA)
|
29
|
$11,395,000 |
$392,931 |
$7,020 |
3.50% |
KILLEEN-TEMPLE, TX (FHA|USDA|VA)
|
18
|
$6,530,000 |
$362,778 |
$8,450 |
3.81% |
Granbury, TX (FHA|USDA|VA)
|
4
|
$4,220,000 |
$1,055,000 |
$14,263 |
3.34% |
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA)
|
10
|
$2,630,000 |
$263,000 |
$4,758 |
2.96% |
WACO, TX (FHA|USDA|VA)
|
16
|
$2,170,000 |
$135,625 |
$0 |
4.75% |
CORPUS CHRISTI, TX (FHA|USDA|VA)
|
4
|
$1,680,000 |
$420,000 |
$4,986 |
3.31% |
Fredericksburg, TX (FHA|USDA|VA)
|
4
|
$1,650,000 |
$412,500 |
$5,691 |
3.94% |
VICTORIA, TX (FHA|USDA|VA)
|
3
|
$975,000 |
$325,000 |
$3,552 |
2.96% |
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA)
|
2
|
$600,000 |
$300,000 |
$4,816 |
3.88% |
EL PASO, TX (FHA|USDA|VA)
|
1
|
$375,000 |
$375,000 |
$0 |
5.25% |
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA)
|
2
|
$350,000 |
$175,000 |
$3,532 |
3.31% |
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA)
|
1
|
$305,000 |
$305,000 |
$0 |
4.50% |
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA)
|
1
|
$305,000 |
$305,000 |
$0 |
4.75% |
Brenham, TX (FHA|USDA|VA)
|
1
|
$225,000 |
$225,000 |
$4,033 |
2.88% |
Del Rio, TX (FHA|USDA|VA)
|
1
|
$145,000 |
$145,000 |
$0 |
4.25% |
LONGVIEW, TX (FHA|USDA|VA)
|
1
|
$105,000 |
$105,000 |
$3,213 |
2.63% |
Port Lavaca, TX (FHA|USDA|VA)
|
1
|
$55,000 |
$55,000 |
$0 |
4.75% |
R Bank's top markets include Austin, Dallas, Killeen, Granbury, and Houston among others.
Product Mix
Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Conventional |
378 |
$163,790,000 |
$433,307 |
$7,171 |
3.49% |
VA |
5 |
$1,795,000 |
$359,000 |
$3,875 |
2.33% |
For the 2021 period, R Bank's most frequently
originated loan type
of loans were Conventional, with 378 originations.
Their 2nd most popular type is VA,
with 5 originations.
Loan Reason
Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Home Purchase |
216 |
$102,520,000 |
$474,630 |
$8,395 |
3.73% |
Cash Out Refi |
83 |
$36,095,000 |
$434,880 |
$6,997 |
3.28% |
Refi |
75 |
$23,825,000 |
$317,667 |
$4,586 |
2.85% |
Other |
8 |
$2,810,000 |
$351,250 |
$0 |
4.53% |
Home Improvement |
1 |
$335,000 |
$335,000 |
$0 |
4.50% |
For the 2021, R Bank's most frequently cited loan
purpose
of loans were Home Purchase, with 216
originations.
The 2nd most popular reason of loans were Cash Out Refi,
with 83 originations.
Loan Duration/Length
Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
30 Year |
239 |
$108,915,000 |
$455,711 |
$7,852 |
3.19% |
20 Year |
58 |
$17,340,000 |
$298,966 |
$3,750 |
4.18% |
Other |
42 |
$22,050,000 |
$525,000 |
$4,788 |
4.53% |
15 Year |
29 |
$6,995,000 |
$241,207 |
$3,917 |
2.41% |
1 Year |
10 |
$9,080,000 |
$908,000 |
$0 |
4.93% |
10 Year |
3 |
$235,000 |
$78,333 |
$3,108 |
3.00% |
5 Year |
2 |
$970,000 |
$485,000 |
$0 |
4.58% |
For the 2021, R Bank's most frequently cited loan
length
of loans were 30 Year, with 239 originations.
The 2nd most popular length of loans were 20 Year,
with 58 originations.
Origination Fees
Origination Fee |
Originations |
Total Value |
Average Loan |
$1k-2k |
180 |
$57,700,000 |
$320,556 |
$5k+ |
52 |
$47,920,000 |
$921,538 |
$<1k |
11 |
$1,965,000 |
$178,636 |
$2k-3k |
10 |
$2,640,000 |
$264,000 |
$3k-4k |
9 |
$3,305,000 |
$367,222 |
$7,852 of loans were R Bank's
average total fees, while their most
frequently occuring range of origination fees were in the
$1k-2k bucket,
with 180 originations.
Interest Rates
Loan Rate |
Originations |
Total Value |
Average Loan |
2.5-3% |
112 |
$35,660,000 |
$318,393 |
3-4% |
108 |
$65,930,000 |
$610,463 |
4-5% |
105 |
$44,115,000 |
$420,143 |
<2.5% |
49 |
$13,825,000 |
$282,143 |
5-6% |
9 |
$6,055,000 |
$672,778 |
During 2021, R Bank's average interest
rate of loans were 3.19%, while their
most frequently originated rate bucket of loans were 2.5-3%,
with 112 originations.
Loan Sizing
Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
$200k-400k |
143 |
$41,155,000 |
$287,797 |
$4,655 |
3.34% |
$400k-600k |
76 |
$37,460,000 |
$492,895 |
$5,957 |
3.22% |
$100k-200k |
74 |
$11,490,000 |
$155,270 |
$3,879 |
3.52% |
$600k-1MM |
51 |
$38,885,000 |
$762,451 |
$14,078 |
3.77% |
$100,000 or less |
21 |
$1,325,000 |
$63,095 |
$2,292 |
4.11% |
$1MM+ |
18 |
$35,270,000 |
$1,959,444 |
$28,301 |
3.94% |
2021 saw R Bank place emphasis on
$200k-400k loans
with 143 originations, totaling
$41,155,000 in origination value.
Applicant Income
Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
$150k-250k |
95 |
$36,645,000 |
$385,737 |
$6,157 |
3.15% |
$250k+ |
76 |
$53,370,000 |
$702,237 |
$13,575 |
3.35% |
$100k-150k |
59 |
$17,835,000 |
$302,288 |
$4,461 |
3.05% |
$50k-75k |
28 |
$5,640,000 |
$201,429 |
$4,222 |
2.93% |
$75k-100k |
27 |
$6,735,000 |
$249,444 |
$4,309 |
2.74% |
$50k or less |
9 |
$1,665,000 |
$185,000 |
$3,695 |
3.00% |
R Bank lent most frequently to those with incomes in the
$150k-250k range, with
95 originations.
The second most popular income band? $250k+,
with 76 originations.
Applicant Debt to Income Ratio
DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
20-30% |
77 |
$32,145,000 |
$417,468 |
$6,939 |
3.15% |
30-36% |
37 |
$14,055,000 |
$379,865 |
$6,407 |
2.88% |
<20% |
36 |
$17,930,000 |
$498,056 |
$7,808 |
2.79% |
44% |
12 |
$5,170,000 |
$430,833 |
$7,382 |
3.19% |
43% |
12 |
$5,070,000 |
$422,500 |
$6,646 |
3.46% |
42% |
11 |
$3,415,000 |
$310,455 |
$5,907 |
3.53% |
38% |
11 |
$5,835,000 |
$530,455 |
$9,264 |
3.14% |
40% |
9 |
$3,235,000 |
$359,444 |
$5,892 |
2.82% |
39% |
8 |
$7,670,000 |
$958,750 |
$14,558 |
3.28% |
41% |
8 |
$3,830,000 |
$478,750 |
$9,344 |
3.14% |
36% |
8 |
$3,840,000 |
$480,000 |
$8,426 |
3.19% |
46% |
7 |
$1,905,000 |
$272,143 |
$3,514 |
3.36% |
47% |
6 |
$2,140,000 |
$356,667 |
$4,851 |
2.77% |
45% |
5 |
$3,425,000 |
$685,000 |
$9,594 |
2.85% |
37% |
5 |
$1,515,000 |
$303,000 |
$4,470 |
2.68% |
49% |
5 |
$1,385,000 |
$277,000 |
$4,746 |
2.83% |
48% |
4 |
$750,000 |
$187,500 |
$3,209 |
2.69% |
50-60% |
1 |
$215,000 |
$215,000 |
$2,589 |
2.25% |
R Bank lent most frequently to those with DTI ratios
of 20-30%, with
77 originations.
The next most common DTI ratio? 30-36%,
with 37 originations.
Ethnicity Mix
Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
White |
208 |
$81,850,000 |
$393,510 |
$6,726 |
3.10% |
Not applicable |
89 |
$43,695,000 |
$490,955 |
$0 |
4.68% |
Not provided |
73 |
$35,695,000 |
$488,973 |
$8,371 |
3.17% |
Asian |
8 |
$2,740,000 |
$342,500 |
$5,754 |
2.83% |
Black |
2 |
$780,000 |
$390,000 |
$7,579 |
3.00% |
American Indian |
2 |
$480,000 |
$240,000 |
$3,721 |
3.31% |
Native Hawaiian |
1 |
$345,000 |
$345,000 |
$9,144 |
4.25% |
Approval Rates
Total approvals of all applications
94.86%
R Bank has an average approval rate.
Pick Rate
Approvals leading to origination
84.95%
R Bank has a below average pick rate.
Points and Fees
Points |
Originations |
Total Value |
Average Loan |
NA |
383 |
$165,585,000 |
$432,337 |
Occupancy Type Mix
Dwelling Type |
Originations |
Total Value |
Average Loan |
|
383 |
$165,585,000 |
$432,337 |
LTV Distribution
Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
20-40% |
34 |
$10,170,000 |
$299,118 |
$6,053 |
2.78% |
40-60% |
65 |
$24,465,000 |
$376,385 |
$6,071 |
2.99% |
60-80% |
178 |
$88,730,000 |
$498,483 |
$7,867 |
3.55% |
80-100% |
98 |
$41,570,000 |
$424,184 |
$8,078 |
3.83% |
Under 20% |
8 |
$650,000 |
$81,250 |
$1,861 |
4.52% |
Bank Details
Branches
Bank Name |
Branch |
Branch Type |
Deposits (000's) |
R Bank |
2415 Williams Dr. Georgetown, TX 78628 |
Full Service B&M
|
$109,998 |
R Bank |
110 Main Street Schwertner, TX 76573 |
Full Service B&M
|
$32,455 |
R Bank |
190 East Whitestone Boulevard Cedar Park, TX 78613 |
Full Service B&M
|
$33,440 |
R Bank |
1900 Round Rock Avenue Round Rock, TX 78681 |
Full Service B&M
|
$133,669 |
R Bank |
3000 Montgomery Street Fort Worth, TX 76107 |
Full Service B&M
|
$24,207 |
R Bank |
3103 Bee Caves Rd., Sutie 110 Rollingwood, TX 78746 |
Full Service B&M
|
$117,827 |
R Bank |
360 Hwy 29 East Bertram, TX 78605 |
Full Service B&M
|
$69,157 |
R Bank |
3600 E Palm Valley Blvd Round Rock, TX 78665 |
Full Service B&M
|
$137,294 |
R Bank |
50 W. Fm 487 Jarrell, TX 76537 |
Full Service B&M
|
$24,078 |
R Bank |
814 North Wells Street Edna, TX 77957 |
Full Service B&M
|
$38,634 |
For 2021, R Bank had 10 branches.
Yearly Performance Overview
Bank Income
R Bank's gross interest income from loans was $34,685,000.
R Bank's net interest income from loans was $31,267,000.
R Bank's fee based income from loans was $1,499,000.
R Bank's net income from loans was $6,919,000.
Bank Expenses
Item |
Value (in 000's) |
Total interest expense |
$3,418 |
Provision for credit losses |
$1,571 |
Total noninterest expense |
$23,763 |
Salaries and employee benefits |
$13,421 |
Premises and equipment expense |
$3,543 |
Additional noninterest expense |
$6,799 |
Applicable income taxes |
$1,713 |
Net charge-offs |
$58 |
Cash dividends |
$3,150 |
R Bank's interest expense for loans was $3,418,000.
R Bank's payroll and benefits expense were $13,421,000.
R Bank's property, plant and equipment expenses $3,543,000.
Deposits
Type |
Value (in 000's) |
Total deposits |
$806,266 |
Deposits held in domestic offices |
$806,266 |
Deposits by Individuals, partnerships, and corporations |
$759,575 |
Deposits by U.S. Government |
$0 |
Deposits by States and political subdivisions in the U.S. |
$44,823 |
Deposits by Commercial banks and other depository institutions in U.S. |
$1,869 |
Deposits by Banks in foreign countries |
$0 |
Deposits by Foreign governments and official institutions |
$0 |
Transaction accounts |
$72,511 |
Demand deposits |
$25,900 |
Nontransaction accounts |
$733,756 |
Money market deposit accounts (MMDAs) |
$241,071 |
Other savings deposits (excluding MMDAs) |
$320,778 |
Total time deposits |
$171,906 |
Total time and savings deposits |
$780,367 |
Noninterest-bearing deposits |
$220,305 |
Interest-bearing deposits |
$585,961 |
Retail deposits |
$741,306 |
IRAs and Keogh plan accounts |
$18,803 |
Brokered deposits |
$240 |
Deposits held in foreign offices |
$0 |
Assets
Asset |
Value (in 000's) |
Total Assets |
$902,882 |
Cash & Balances due from depository institutions |
$132,832 |
Interest-bearing balances |
$127,441 |
Total securities |
$94,790 |
Federal funds sold & reverse repurchase |
$0 |
Net loans and leases |
$658,275 |
Loan and leases loss allowance |
$7,458 |
Trading account assets |
$0 |
Bank premises and fixed assets |
$4,425 |
Other real estate owned |
$33 |
Goodwill and other intangibles |
$4,844 |
All other assets |
$7,683 |
Liabilities
Liabilities |
Value (in 000's) |
Total liabilities and capital |
$902,882 |
Total Liabilities |
$812,987 |
Total deposits |
$806,266 |
Interest-bearing deposits |
$585,961 |
Deposits held in domestic offices |
$806,266 |
% insured (estimated) |
$63 |
Federal funds purchased and repurchase agreements |
$0 |
Trading liabilities |
$0 |
Other borrowed funds |
$4,000 |
Subordinated debt |
$0 |
All other liabilities |
$2,721 |
Issued Loan Types
Type |
Value (in 000's) |
Net loans and leases |
$658,275 |
Loan and leases loss allowance |
$7,458 |
Total loans and leases (domestic) |
$665,733 |
All real estate loans |
$485,149 |
Real estate loans in domestic offices |
$485,149 |
Construction and development loans |
$115,229 |
Residential 1-4 family construction |
$50,078 |
Other construction, all land development and other land |
$65,151 |
Loans secured by nonfarm nonresidential properties |
$250,241 |
Nonfarm nonresidential secured by owner-occupied properties |
$127,346 |
Commercial real estate & other non-farm, non-residential |
$122,895 |
Multifamily residential real estate |
$4,104 |
1-4 family residential loans |
$104,815 |
Farmland loans |
$10,760 |
Loans held in foreign offices |
$0 |
Farm loans |
$14,004 |
Commercial and industrial loans |
$150,673 |
To non-U.S. addressees |
$0 |
Loans to individuals |
$2,715 |
Credit card loans |
$0 |
Related Plans |
$272 |
Consumer Auto Loans |
$683 |
Other loans to individuals |
$1,760 |
All other loans & leases |
$13,192 |
Loans to foreign governments and official institutions |
$0 |
Other loans |
$3,779 |
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 |
$15 |
Non 1-4 family restructured loans & leases |
$0 |
Total loans and leases (foreign) |
$0 |
R Bank had $658,275,000 of loans outstanding in 2021. $485,149,000 of loans were in real estate loans.
$115,229,000 of loans were in development loans. $4,104,000 of loans were in multifamily mortgage loans.
$104,815,000 of loans were in 1-4 family mortgage loans. $14,004,000 of loans were in farm loans. $0
of loans were in credit card loans. $683,000 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 |
210 |
$63,174 |
$300,829 |
Nonfarm, nonresidential loans - <$100k |
27 |
$1,091 |
$40,407 |
Nonfarm, nonresidential loans - $100-250k |
63 |
$8,547 |
$135,667 |
Nonfarm, nonresidential loans - $250k-1MM |
120 |
$53,536 |
$446,133 |
Commercial & Industrial, US addressed loans - <$1MM |
624 |
$58,371 |
$93,543 |
Commercial & Industrial, US addressed loans - <$100k |
360 |
$9,782 |
$27,172 |
Commercial & Industrial, US addressed loans - $100-250k |
139 |
$13,198 |
$94,950 |
Commercial & Industrial, US addressed loans - $250k-1MM |
125 |
$35,391 |
$283,128 |
Farmland loans - <$1MM |
8 |
$1,787 |
$223,375 |
Farmland loans - <$100k |
1 |
$49 |
$49,000 |
Farmland loans - $100-250k |
2 |
$271 |
$135,500 |
Farmland loans - $250k-1MM |
5 |
$1,467 |
$293,400 |
Agriculture operations loans - <$1MM |
47 |
$2,657 |
$56,532 |
Agriculture operations loans - <$100k |
36 |
$745 |
$20,694 |
Agriculture operations loans - $100-250k |
7 |
$667 |
$95,286 |
Agriculture operations loans - $250k-1MM |
4 |
$1,245 |
$311,250 |