R Bank Mortgage Rates, Fees & Info
Round Rock, TXLEI: 549300RLNUFWOJLX7W13
Tax ID: 26-4536354
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Mortgage Data
Bank Data
Review & Overview
R Bank is a smaller bank specializing in Home Purchase loans. R Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Austin, Dallas, Killeen, College Station, and Granbury among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)R Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. R Bank is typically an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.59% | 4/22/24 |
| 30 Year Conventional Refi | 6.22% | 4/22/24 |
| 30 Year Cash-out Refi | 6.40% | 4/22/24 |
| 30 Year VA Purchase | 5.77% | 4/22/24 |
| 15 Year Conventional Purchase | 5.72% | 4/22/24 |
| 15 Year Conventional Refi | 5.68% | 4/22/24 |
| 15 Year Cash-out Refi | 5.68% | 4/22/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
R Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
175Origination Dollar Volume (All Markets)
$60,015,000Employee count
97Awards
R Bank - 2018
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For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 101 | $40,235,000 | $398,366 | $6,821 | 5.27% |
| Outside of Metro Areas | 36 | $10,010,000 | $278,056 | $4,434 | 4.77% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 9 | $2,435,000 | $270,556 | $3,692 | 4.75% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 13 | $2,325,000 | $178,846 | $4,987 | 5.65% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 3 | $1,425,000 | $475,000 | $0 | 5.67% |
| Granbury, TX (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $3,998 | 4.88% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,055,000 | $1,055,000 | $0 | 5.50% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $0 | 5.92% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 5.35% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 6.00% |
| El Campo, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,678 | 5.00% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,053 | 3.88% |
| Raymondville, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against R 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 | 170 | $58,830,000 | $346,059 | $5,625 | 5.17% |
| HELOC | 4 | $1,060,000 | $265,000 | n/a | 6.13% |
| USDA | 1 | $125,000 | $125,000 | $4,347 | 4.38% |
For 2018, R Bank's most frequently originated type of loan was Conventional, with 170 originations. Their 2nd most popular type was HELOC, with 4 originations.
Loan Reason
For 2018, R Bank's most frequently cited loan purpose was Home Purchase, with 136 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.
Loan Duration/Length
For 2018, R Bank's most frequently cited loan duration was 30 Year, with 78 originations. The 2nd most popular length was 20 Year, with 43 originations.
Origination Fees/Closing Costs
R Bank's average total fees were $6,007, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 54 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 85 | $29,305,000 | $344,765 |
| 4-5% | 54 | $14,520,000 | $268,889 |
| 3-4% | 21 | $12,185,000 | $580,238 |
| 6-7% | 15 | $4,005,000 | $267,000 |
During 2018, R Bank's average interest rate for loans was 4.64%, while their most frequently originated rate bucket for loans was 5-6%, with 85 originations.
Loan Sizing
2018 saw R Bank place emphasis on $100k-200k loans with 59 originations, totaling $8,735,000 in origination value.
Applicant Income
R Bank lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $250k+, with 27 originations.
Applicant Debt to Income Ratio
R Bank lent most frequently to those with DTI ratios of 20-30%, with 24 originations. The next most common DTI ratio? <20%, with 12 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.49%
R Bank has an average approval rate.
Pick Rate
Approvals leading to origination86.29%
R Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 175 | $60,015,000 | $342,943 |
Occupancy Type Mix
LTV Distribution
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| R Bank | 110 Main Street Schwertner, TX 76573 | Full Service B&M | $26,352 |
| R Bank | 1900 Round Rock Avenue Round Rock, TX 78681 | Full Service B&M | $108,216 |
| R Bank | 2415 Williams Dr. Georgetown, TX 78628 | Full Service B&M | $60,182 |
| R Bank | 3103 Bee Caves Rd., Sutie 110 Rollingwood, TX 78746 | Full Service B&M | $65,032 |
| R Bank | 360 Hwy 29 East Bertram, TX 78605 | Full Service B&M | $44,442 |
| R Bank | 3600 E Palm Valley Blvd Round Rock, TX 78665 | Full Service B&M | $75,532 |
| R Bank | 50 W. Fm 487 Jarrell, TX 76537 | Full Service B&M | $14,549 |
| R Bank | 814 North Wells Street Edna, TX 77957 | Full Service B&M | $24,811 |
For 2018, R Bank had 8 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $22,595 |
| Net interest income | $18,732 |
| Total noninterest income | $2,387 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,000 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,387 |
| Pre-tax net operating income | $4,862 |
| Securities gains (or losses, -) | $25 |
| Income before extraordinary items | $4,006 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $4,006 |
| Minority interest net income | $0 |
| Net income | $4,006 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,985 |
R Bank's gross interest income from loans was $22,595,000.
R Bank's net interest income from loans was $18,732,000.
R Bank's fee based income from loans was $1,000,000.
R Bank's net income from loans was $4,006,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,863 |
| Provision for credit losses | $657 |
| Total noninterest expense | $15,600 |
| Salaries and employee benefits | $7,519 |
| Premises and equipment expense | $2,691 |
| Additional noninterest expense | $5,390 |
| Applicable income taxes | $881 |
| Net charge-offs | $58 |
| Cash dividends | $0 |
R Bank's interest expense for loans was $3,863,000.
R Bank's payroll and benefits expense were $7,519,000.
R Bank's property, plant and equipment expenses $2,691,000.
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 | $422,404 |
| Deposits held in domestic offices | $422,404 |
| Deposits by Individuals, partnerships, and corporations | $373,448 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $32,133 |
| Deposits by Commercial banks and other depository institutions in U.S. | $16,824 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $31,762 |
| Demand deposits | $20,971 |
| Nontransaction accounts | $390,643 |
| Money market deposit accounts (MMDAs) | $73,399 |
| Other savings deposits (excluding MMDAs) | $147,125 |
| Total time deposits | $170,119 |
| Total time and savings deposits | $401,434 |
| Noninterest-bearing deposits | $91,321 |
| Interest-bearing deposits | $331,083 |
| Retail deposits | $357,934 |
| IRAs and Keogh plan accounts | $8,626 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $487,235 |
| Cash & Balances due from depository institutions | $19,807 |
| Interest-bearing balances | $16,680 |
| Total securities | $66,601 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $385,055 |
| Loan and leases loss allowance | $4,257 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,633 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $5,400 |
| All other assets | $6,739 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $487,235 |
| Total Liabilities | $441,673 |
| Total deposits | $422,404 |
| Interest-bearing deposits | $331,083 |
| Deposits held in domestic offices | $422,404 |
| % insured (estimated) | $73 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $18,000 |
| Subordinated debt | $0 |
| All other liabilities | $1,269 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $385,055 |
| Loan and leases loss allowance | $4,257 |
| Total loans and leases (domestic) | $389,312 |
| All real estate loans | $299,467 |
| Real estate loans in domestic offices | $299,467 |
| Construction and development loans | $55,160 |
| Residential 1-4 family construction | $20,933 |
| Other construction, all land development and other land | $34,227 |
| Loans secured by nonfarm nonresidential properties | $155,594 |
| Nonfarm nonresidential secured by owner-occupied properties | $89,061 |
| Commercial real estate & other non-farm, non-residential | $66,533 |
| Multifamily residential real estate | $4,822 |
| 1-4 family residential loans | $78,442 |
| Farmland loans | $5,449 |
| Loans held in foreign offices | $0 |
| Farm loans | $3,568 |
| Commercial and industrial loans | $80,863 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,460 |
| Credit card loans | $0 |
| Related Plans | $39 |
| Consumer Auto Loans | $383 |
| Other loans to individuals | $2,038 |
| All other loans & leases | $2,954 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,022 |
| 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 | $32 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
R Bank had $385,055,000 of loans outstanding in 2018. $299,467,000 of loans were in real estate loans. $55,160,000 of loans were in development loans. $4,822,000 of loans were in multifamily mortgage loans. $78,442,000 of loans were in 1-4 family mortgage loans. $3,568,000 of loans were in farm loans. $0 of loans were in credit card loans. $383,000 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 | 232 | $59,038 | $254,474 |
| Nonfarm, nonresidential loans - <$100k | 40 | $2,100 | $52,500 |
| Nonfarm, nonresidential loans - $100-250k | 87 | $12,267 | $141,000 |
| Nonfarm, nonresidential loans - $250k-1MM | 105 | $44,671 | $425,438 |
| Commercial & Industrial, US addressed loans - <$1MM | 498 | $43,398 | $87,145 |
| Commercial & Industrial, US addressed loans - <$100k | 293 | $6,729 | $22,966 |
| Commercial & Industrial, US addressed loans - $100-250k | 117 | $12,817 | $109,547 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 88 | $23,852 | $271,045 |
| Farmland loans - <$1MM | 7 | $1,765 | $252,143 |
| Farmland loans - $100-250k | 2 | $230 | $115,000 |
| Farmland loans - $250k-1MM | 5 | $1,535 | $307,000 |
| Agriculture operations loans - <$1MM | 59 | $3,035 | $51,441 |
| Agriculture operations loans - <$100k | 48 | $1,051 | $21,896 |
| Agriculture operations loans - $100-250k | 6 | $686 | $114,333 |
| Agriculture operations loans - $250k-1MM | 5 | $1,298 | $259,600 |