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 and Refi 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, Houston, and San Antonio 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.
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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
375Origination Dollar Volume (All Markets)
$121,095,000Employee count
135Top 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) | 211 | $78,085,000 | $370,071 | $4,841 | 3.45% |
| Outside of Metro Areas | 57 | $14,945,000 | $262,193 | $4,036 | 3.69% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 29 | $10,025,000 | $345,690 | $4,739 | 3.34% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 36 | $5,860,000 | $162,778 | $3,792 | 4.80% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 12 | $4,870,000 | $405,833 | $3,957 | 3.39% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 8 | $2,330,000 | $291,250 | $4,232 | 3.56% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $3,570 | 4.67% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,513 | 3.63% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,951 | 3.50% |
| Mineral Wells, TX (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $2,998 | 2.88% |
| LUBBOCK, TX (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $3,498 | 3.46% |
| Rockport, TX (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $3,616 | 3.25% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 5.75% |
| El Campo, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,013 | 2.50% |
| VICTORIA, TX (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $3,985 | 5.00% |
| Athens, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,620 | 3.00% |
| Granbury, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,656 | 3.00% |
| Bay City, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,189 | 4.50% |
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 | 373 | $120,505,000 | $323,070 | $4,499 | 3.64% |
| VA | 1 | $405,000 | $405,000 | $19,070 | 3.00% |
| USDA | 1 | $185,000 | $185,000 | $5,824 | 3.00% |
For 2020, R Bank's most frequently originated type of loan was Conventional, with 373 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2020, R Bank's most frequently cited loan purpose was Home Purchase, with 160 originations. The 2nd most popular reason was Refi, with 127 originations.
Loan Duration/Length
For 2020, R Bank's most frequently cited loan duration was 30 Year, with 198 originations. The 2nd most popular length was 20 Year, with 79 originations.
Origination Fees/Closing Costs
R Bank's average total fees were $5,030, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 238 originations.
Interest Rates
During 2020, R Bank's average interest rate for loans was 3.31%, while their most frequently originated rate bucket for loans was 2.5-3%, with 113 originations.
Loan Sizing
2020 saw R Bank place emphasis on $200k-400k loans with 155 originations, totaling $45,025,000 in origination value.
Applicant Income
R Bank lent most frequently to those with incomes in the $150k-250k range, with 86 originations. The second most popular income band? $250k+, with 72 originations.
Applicant Debt to Income Ratio
R Bank lent most frequently to those with DTI ratios of 20-30%, with 71 originations. The next most common DTI ratio? <20%, with 57 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.96%
R Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.80%
R Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 375 | $121,095,000 | $322,920 |
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 | $24,464 |
| R Bank | 190 East Whitestone Boulevard Cedar Park, TX 78613 | Full Service B&M | $16,692 |
| R Bank | 1900 Round Rock Avenue Round Rock, TX 78681 | Full Service B&M | $112,718 |
| R Bank | 2415 Williams Dr. Georgetown, TX 78628 | Full Service B&M | $88,776 |
| R Bank | 3000 Montgomery Street Fort Worth, TX 76107 | Full Service B&M | $9,061 |
| R Bank | 3103 Bee Caves Rd., Sutie 110 Rollingwood, TX 78746 | Full Service B&M | $82,458 |
| R Bank | 360 Hwy 29 East Bertram, TX 78605 | Full Service B&M | $60,531 |
| R Bank | 3600 E Palm Valley Blvd Round Rock, TX 78665 | Full Service B&M | $126,942 |
| R Bank | 50 W. Fm 487 Jarrell, TX 76537 | Full Service B&M | $18,407 |
| R Bank | 814 North Wells Street Edna, TX 77957 | Full Service B&M | $40,932 |
For 2020, R Bank had 10 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $30,388 |
| Net interest income | $25,292 |
| Total noninterest income | $2,638 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,290 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,348 |
| Pre-tax net operating income | $5,693 |
| Securities gains (or losses, -) | $187 |
| Income before extraordinary items | $4,759 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $4,759 |
| Minority interest net income | $0 |
| Net income | $4,759 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $4,607 |
R Bank's gross interest income from loans was $30,388,000.
R Bank's net interest income from loans was $25,292,000.
R Bank's fee based income from loans was $1,290,000.
R Bank's net income from loans was $4,759,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $5,096 |
| Provision for credit losses | $1,270 |
| Total noninterest expense | $20,967 |
| Salaries and employee benefits | $11,555 |
| Premises and equipment expense | $3,334 |
| Additional noninterest expense | $6,078 |
| Applicable income taxes | $1,121 |
| Net charge-offs | $45 |
| Cash dividends | $2,600 |
R Bank's interest expense for loans was $5,096,000.
R Bank's payroll and benefits expense were $11,555,000.
R Bank's property, plant and equipment expenses $3,334,000.
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 | $670,682 |
| Deposits held in domestic offices | $670,682 |
| Deposits by Individuals, partnerships, and corporations | $620,808 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $30,560 |
| Deposits by Commercial banks and other depository institutions in U.S. | $19,314 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $84,280 |
| Demand deposits | $69,782 |
| Nontransaction accounts | $586,402 |
| Money market deposit accounts (MMDAs) | $167,365 |
| Other savings deposits (excluding MMDAs) | $231,258 |
| Total time deposits | $187,779 |
| Total time and savings deposits | $600,900 |
| Noninterest-bearing deposits | $172,264 |
| Interest-bearing deposits | $498,418 |
| Retail deposits | $603,786 |
| IRAs and Keogh plan accounts | $14,558 |
| Brokered deposits | $964 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $740,541 |
| Cash & Balances due from depository institutions | $130,916 |
| Interest-bearing balances | $126,854 |
| Total securities | $66,768 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $525,044 |
| Loan and leases loss allowance | $5,945 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,425 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $4,945 |
| All other assets | $8,443 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $740,541 |
| Total Liabilities | $672,093 |
| Total deposits | $670,682 |
| Interest-bearing deposits | $498,418 |
| Deposits held in domestic offices | $670,682 |
| % insured (estimated) | $67 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $1,411 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $525,044 |
| Loan and leases loss allowance | $5,945 |
| Total loans and leases (domestic) | $530,989 |
| All real estate loans | $364,342 |
| Real estate loans in domestic offices | $364,342 |
| Construction and development loans | $60,229 |
| Residential 1-4 family construction | $23,937 |
| Other construction, all land development and other land | $36,292 |
| Loans secured by nonfarm nonresidential properties | $210,292 |
| Nonfarm nonresidential secured by owner-occupied properties | $110,666 |
| Commercial real estate & other non-farm, non-residential | $99,626 |
| Multifamily residential real estate | $4,196 |
| 1-4 family residential loans | $85,080 |
| Farmland loans | $4,545 |
| Loans held in foreign offices | $0 |
| Farm loans | $6,079 |
| Commercial and industrial loans | $146,561 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $5,037 |
| Credit card loans | $0 |
| Related Plans | $197 |
| Consumer Auto Loans | $678 |
| Other loans to individuals | $4,162 |
| All other loans & leases | $8,970 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,218 |
| 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 | $22 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
R Bank had $525,044,000 of loans outstanding in 2020. $364,342,000 of loans were in real estate loans. $60,229,000 of loans were in development loans. $4,196,000 of loans were in multifamily mortgage loans. $85,080,000 of loans were in 1-4 family mortgage loans. $6,079,000 of loans were in farm loans. $0 of loans were in credit card loans. $678,000 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 | 200 | $55,682 | $278,410 |
| Nonfarm, nonresidential loans - <$100k | 32 | $1,499 | $46,844 |
| Nonfarm, nonresidential loans - $100-250k | 67 | $9,477 | $141,448 |
| Nonfarm, nonresidential loans - $250k-1MM | 101 | $44,706 | $442,634 |
| Commercial & Industrial, US addressed loans - <$1MM | 812 | $74,038 | $91,180 |
| Commercial & Industrial, US addressed loans - <$100k | 506 | $13,178 | $26,043 |
| Commercial & Industrial, US addressed loans - $100-250k | 162 | $17,040 | $105,185 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 144 | $43,820 | $304,306 |
| Farmland loans - <$1MM | 6 | $1,478 | $246,333 |
| Farmland loans - $100-250k | 2 | $370 | $185,000 |
| Farmland loans - $250k-1MM | 4 | $1,108 | $277,000 |
| Agriculture operations loans - <$1MM | 49 | $2,546 | $51,959 |
| Agriculture operations loans - <$100k | 37 | $553 | $14,946 |
| Agriculture operations loans - $100-250k | 7 | $793 | $113,286 |
| Agriculture operations loans - $250k-1MM | 5 | $1,200 | $240,000 |