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

2021 Data | 2020 Data | 2019 Data | 2018 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

Item Value (in 000's)
Total interest income $34,685
Net interest income $31,267
Total noninterest income $2,623
Gross Fiduciary activities income $0
Service charges on deposit accounts $1,499
Trading account gains and fees $0
Additional Noninterest Income $1,124
Pre-tax net operating income $8,556
Securities gains (or losses, -) $76
Income before extraordinary items $6,919
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $6,919
Minority interest net income $0
Net income $6,919
Sale, conversion, retirement of capital stock, net $0
Net operating income $6,858

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.

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 $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