R Bank Mortgage Rates, Fees & Info

Round Rock, TX

LEI: 549300RLNUFWOJLX7W13

Tax ID: 26-4536354

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • 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

    R Bank is a smaller bank specializing in Home Purchase loans. R Bank has a high proportion of conventional loans. Their top markets by origination volume include: Austin, Dallas, Killeen, Houston, and Corpus Christi among others. We have data for 18 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.59% 12/16/24
    30 Year Conventional Refi 6.22% 12/16/24
    30 Year Cash-out Refi 6.40% 12/16/24
    30 Year VA Purchase 5.77% 12/16/24
    15 Year Conventional Purchase 5.72% 12/16/24
    15 Year Conventional Refi 5.68% 12/16/24
    15 Year Cash-out Refi 5.68% 12/16/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from R Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    203

    Origination Dollar Volume (All Markets)

    $54,705,000

    Employee count

    121

    Awards

    R Bank 30 Year Conventional Loans silver
    Show all (1) 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
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 117 $33,175,000 $283,547 $4,207 5.15%
    Outside of Metro Areas 31 $7,745,000 $249,839 $3,890 4.49%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 13 $5,905,000 $454,231 $7,934 5.14%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 18 $2,360,000 $131,111 $4,211 5.33%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $1,250,000 $312,500 $5,469 4.19%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $880,000 $440,000 $0 6.00%
    VICTORIA, TX (FHA|USDA|VA) 3 $825,000 $275,000 $4,473 4.38%
    Beeville, TX (FHA|USDA|VA) 2 $470,000 $235,000 $3,021 5.06%
    Granbury, TX (FHA|USDA|VA) 1 $455,000 $455,000 $3,403 4.00%
    Mineral Wells, TX (FHA|USDA|VA) 1 $325,000 $325,000 $0 5.85%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $290,000 $145,000 $0 6.25%
    LUBBOCK, TX (FHA|USDA|VA) 2 $270,000 $135,000 $3,788 4.31%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $195,000 $195,000 $3,169 4.00%
    Stephenville, TX (FHA|USDA|VA) 1 $185,000 $185,000 $6,214 5.50%
    AMARILLO, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,617 5.50%
    Port Lavaca, TX (FHA|USDA|VA) 2 $100,000 $50,000 $2,760 5.50%
    Bay City, TX (FHA|USDA|VA) 1 $65,000 $65,000 $1,854 5.75%
    Uvalde, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.75%
    R Bank's top markets include Austin, Dallas, Killeen, Houston, and Corpus Christi among others.

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

    • 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.

    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 459
    AAXY L.L.C.
    Similarity Rank: 848
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1038
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 1120
    Resource One Credit Union
    Similarity Rank: 1140
    TEXANS
    Similarity Rank: 1204
    NEIGHBORHOOD
    Similarity Rank: 1228
    PIKE CREEK MORTGAGE SERVICES, INC.
    Similarity Rank: 1368
    HIGHLAND HOMELOANS, LLC
    Similarity Rank: 1482
    AUSTIN TELCO Federal Credit Union
    Similarity Rank: 1547

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 198 $54,050,000 $272,980 $4,394 5.01%
    HELOC 5 $655,000 $131,000 n/a 6.35%

    For 2019, R Bank's most frequently originated type of loan was Conventional, with 198 originations. Their 2nd most popular type was HELOC, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 155 $44,305,000 $285,839 $4,708 5.02%
    Refi 16 $4,200,000 $262,500 $3,776 4.34%
    Home Improvement 15 $2,685,000 $179,000 $2,522 5.78%
    Cash Out Refi 11 $2,575,000 $234,091 $4,897 4.93%
    Other 6 $940,000 $156,667 $0 6.00%

    For 2019, R Bank's most frequently cited loan purpose was Home Purchase, with 155 originations. The 2nd most popular reason was Refi, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 92 $30,020,000 $326,304 $5,026 4.21%
    20 Year 35 $5,795,000 $165,571 $2,951 5.72%
    1 Year 25 $7,395,000 $295,800 $6,734 6.20%
    15 Year 23 $4,145,000 $180,217 $2,868 4.62%
    Other 22 $6,970,000 $316,818 $0 6.27%
    5 Year 5 $335,000 $67,000 $0 6.55%
    10 Year 1 $45,000 $45,000 $0 5.50%

    For 2019, R Bank's most frequently cited loan duration was 30 Year, with 92 originations. The 2nd most popular length was 20 Year, with 35 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 89 $25,175,000 $282,865
    $<1k 15 $1,455,000 $97,000
    $5k+ 6 $4,960,000 $826,667
    $3k-4k 4 $1,290,000 $322,500
    $2k-3k 3 $745,000 $248,333
    $4k-5k 1 $675,000 $675,000

    R Bank's average total fees were $5,026, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 89 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 67 $22,305,000 $332,910
    5-6% 64 $14,840,000 $231,875
    6-7% 41 $10,175,000 $248,171
    4-5% 28 $6,980,000 $249,286
    2.5-3% 1 $335,000 $335,000
    7-8% 1 $45,000 $45,000
    Over 8% 1 $25,000 $25,000

    During 2019, R Bank's average interest rate for loans was 4.21%, while their most frequently originated rate bucket for loans was 3-4%, with 67 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 75 $21,465,000 $286,200 $4,609 5.01%
    $100k-200k 49 $7,545,000 $153,980 $3,365 4.98%
    $100,000 or less 38 $2,170,000 $57,105 $1,744 5.86%
    $400k-600k 32 $15,000,000 $468,750 $4,891 4.26%
    $600k-1MM 7 $5,325,000 $760,714 $10,927 4.79%
    $1MM+ 2 $3,200,000 $1,600,000 $24,347 6.00%

    2019 saw R Bank place emphasis on $200k-400k loans with 75 originations, totaling $21,465,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 42 $9,900,000 $235,714 $4,337 4.61%
    $150k-250k 40 $11,480,000 $287,000 $3,681 4.59%
    $250k+ 29 $10,995,000 $379,138 $6,393 4.72%
    $75k-100k 20 $3,540,000 $177,000 $3,722 4.80%
    $50k-75k 12 $2,170,000 $180,833 $3,631 3.90%
    $50k or less 5 $1,095,000 $219,000 $3,925 5.63%

    R Bank lent most frequently to those with incomes in the $100k-150k range, with 42 originations. The second most popular income band? $150k-250k, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 33 $8,885,000 $269,242 $3,997 4.34%
    30-36% 17 $5,045,000 $296,765 $3,960 3.99%
    <20% 12 $3,010,000 $250,833 $5,008 4.08%
    41% 8 $2,550,000 $318,750 $4,548 4.55%
    47% 6 $1,550,000 $258,333 $4,099 4.65%
    40% 6 $1,690,000 $281,667 $4,631 4.60%
    38% 6 $2,090,000 $348,333 $4,825 4.23%
    37% 5 $1,745,000 $349,000 $4,382 4.33%
    44% 4 $1,040,000 $260,000 $3,766 3.84%
    39% 4 $2,470,000 $617,500 $9,166 4.72%
    49% 3 $805,000 $268,333 $3,831 4.65%
    36% 3 $575,000 $191,667 $4,488 4.17%
    46% 3 $675,000 $225,000 $3,103 4.96%
    42% 2 $440,000 $220,000 $4,194 3.88%
    43% 2 $520,000 $260,000 $3,576 4.06%
    48% 2 $710,000 $355,000 $4,347 4.00%
    45% 2 $500,000 $250,000 $4,649 3.88%

    R Bank lent most frequently to those with DTI ratios of 20-30%, with 33 originations. The next most common DTI ratio? 30-36%, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 124 $33,080,000 $266,774 $4,389 4.59%
    Not applicable 55 $15,525,000 $282,273 $0 6.18%
    Not provided 16 $3,530,000 $220,625 $3,243 5.02%
    Asian 4 $1,630,000 $407,500 $7,188 4.06%
    Black 2 $510,000 $255,000 $5,644 5.19%
    Filipino 1 $245,000 $245,000 $6,734 4.75%
    American Indian 1 $185,000 $185,000 $3,905 4.38%

    Approval Rates

    Total approvals of all applications
    92.98%

    R Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.16%

    R Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 203 $54,705,000 $269,483

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $185,000 $185,000
    Single Family (1-4 Units):Manufactured 9 $1,155,000 $128,333
    Single Family (1-4 Units):Site-Built 193 $53,365,000 $276,503

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $2,385,000 $159,000 $3,561 5.41%
    40-60% 19 $5,355,000 $281,842 $4,214 3.70%
    60-80% 74 $23,200,000 $313,514 $5,770 4.93%
    80-100% 76 $22,250,000 $292,763 $4,482 5.25%
    Under 20% 16 $1,120,000 $70,000 $1,081 5.73%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    R Bank 110 Main Street Schwertner, TX 76573 Full Service B&M $21,995
    R Bank 1900 Round Rock Avenue Round Rock, TX 78681 Full Service B&M $116,499
    R Bank 2415 Williams Dr. Georgetown, TX 78628 Full Service B&M $62,629
    R Bank 3103 Bee Caves Rd., Sutie 110 Rollingwood, TX 78746 Full Service B&M $70,146
    R Bank 360 Hwy 29 East Bertram, TX 78605 Full Service B&M $50,138
    R Bank 3600 E Palm Valley Blvd Round Rock, TX 78665 Full Service B&M $77,973
    R Bank 50 W. Fm 487 Jarrell, TX 76537 Full Service B&M $14,741
    R Bank 814 North Wells Street Edna, TX 77957 Full Service B&M $31,389

    For 2019, R Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $26,130
    Net interest income $20,409
    Total noninterest income $2,437
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,134
    Trading account gains and fees $0
    Additional Noninterest Income $1,303
    Pre-tax net operating income $4,550
    Securities gains (or losses, -) $-4
    Income before extraordinary items $3,711
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,711
    Minority interest net income $0
    Net income $3,711
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,714

    R Bank's gross interest income from loans was $26,130,000.
    R Bank's net interest income from loans was $20,409,000.
    R Bank's fee based income from loans was $1,134,000.
    R Bank's net income from loans was $3,711,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,721
    Provision for credit losses $900
    Total noninterest expense $17,396
    Salaries and employee benefits $8,784
    Premises and equipment expense $3,097
    Additional noninterest expense $5,515
    Applicable income taxes $835
    Net charge-offs $436
    Cash dividends $0

    R Bank's interest expense for loans was $5,721,000.
    R Bank's payroll and benefits expense were $8,784,000.
    R Bank's property, plant and equipment expenses $3,097,000.

    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 $476,299
    Deposits held in domestic offices $476,299
    Deposits by Individuals, partnerships, and corporations $433,714
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $28,319
    Deposits by Commercial banks and other depository institutions in U.S. $14,266
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $36,363
    Demand deposits $26,123
    Nontransaction accounts $439,936
    Money market deposit accounts (MMDAs) $87,470
    Other savings deposits (excluding MMDAs) $164,953
    Total time deposits $187,514
    Total time and savings deposits $450,176
    Noninterest-bearing deposits $107,641
    Interest-bearing deposits $368,658
    Retail deposits $407,747
    IRAs and Keogh plan accounts $9,542
    Brokered deposits $5,013
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $553,637
    Cash & Balances due from depository institutions $27,512
    Interest-bearing balances $23,963
    Total securities $71,585
    Federal funds sold & reverse repurchase $0
    Net loans and leases $437,982
    Loan and leases loss allowance $4,720
    Trading account assets $0
    Bank premises and fixed assets $4,626
    Other real estate owned $0
    Goodwill and other intangibles $5,172
    All other assets $6,760

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $553,637
    Total Liabilities $487,838
    Total deposits $476,299
    Interest-bearing deposits $368,658
    Deposits held in domestic offices $476,299
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $1,539

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $437,982
    Loan and leases loss allowance $4,720
    Total loans and leases (domestic) $442,702
    All real estate loans $329,449
    Real estate loans in domestic offices $329,449
    Construction and development loans $47,935
    Residential 1-4 family construction $15,498
    Other construction, all land development and other land $32,437
    Loans secured by nonfarm nonresidential properties $181,726
    Nonfarm nonresidential secured by owner-occupied properties $95,729
    Commercial real estate & other non-farm, non-residential $85,997
    Multifamily residential real estate $4,692
    1-4 family residential loans $89,784
    Farmland loans $5,312
    Loans held in foreign offices $0
    Farm loans $4,356
    Commercial and industrial loans $99,482
    To non-U.S. addressees $0
    Loans to individuals $3,284
    Credit card loans $0
    Related Plans $142
    Consumer Auto Loans $539
    Other loans to individuals $2,603
    All other loans & leases $6,131
    Loans to foreign governments and official institutions $0
    Other loans $561
    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 $27
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    R Bank had $437,982,000 of loans outstanding in 2019. $329,449,000 of loans were in real estate loans. $47,935,000 of loans were in development loans. $4,692,000 of loans were in multifamily mortgage loans. $89,784,000 of loans were in 1-4 family mortgage loans. $4,356,000 of loans were in farm loans. $0 of loans were in credit card loans. $539,000 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 223 $57,599 $258,291
    Nonfarm, nonresidential loans - <$100k 38 $1,992 $52,421
    Nonfarm, nonresidential loans - $100-250k 76 $9,992 $131,474
    Nonfarm, nonresidential loans - $250k-1MM 109 $45,615 $418,486
    Commercial & Industrial, US addressed loans - <$1MM 569 $51,558 $90,612
    Commercial & Industrial, US addressed loans - <$100k 322 $7,895 $24,519
    Commercial & Industrial, US addressed loans - $100-250k 131 $13,100 $100,000
    Commercial & Industrial, US addressed loans - $250k-1MM 116 $30,563 $263,474
    Farmland loans - <$1MM 7 $1,778 $254,000
    Farmland loans - $100-250k 2 $221 $110,500
    Farmland loans - $250k-1MM 5 $1,557 $311,400
    Agriculture operations loans - <$1MM 53 $2,549 $48,094
    Agriculture operations loans - <$100k 43 $818 $19,023
    Agriculture operations loans - $100-250k 5 $393 $78,600
    Agriculture operations loans - $250k-1MM 5 $1,338 $267,600