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 Cash Out Refi loans. R Bank has a high proportion of conventional loans. Their top markets by origination volume include: Austin, Dallas, Killeen, Granbury, and Houston among others. We have data for 19 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% | 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. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
383Origination Dollar Volume (All Markets)
$165,585,000Employee count
149Top 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) | 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% |
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 | 377 | $163,035,000 | $432,454 | $7,171 | 3.49% |
| VA | 5 | $1,795,000 | $359,000 | $3,875 | 2.33% |
| HELOC | 1 | $755,000 | $755,000 | n/a | 5.00% |
For 2021, R Bank's most frequently originated type of loan was Conventional, with 377 originations. Their 2nd most popular type was VA, with 5 originations.
Loan Reason
For 2021, R Bank's most frequently cited loan purpose was Home Purchase, with 216 originations. The 2nd most popular reason was Cash Out Refi, with 83 originations.
Loan Duration/Length
For 2021, R Bank's most frequently cited loan duration was 30 Year, with 239 originations. The 2nd most popular length was 20 Year, with 58 originations.
Origination Fees/Closing Costs
R Bank's average total fees were $7,852, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.19%, while their most frequently originated rate bucket for loans was 2.5-3%, with 112 originations.
Loan Sizing
2021 saw R Bank place emphasis on $200k-400k loans with 143 originations, totaling $41,155,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications96.38%
R Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination82.25%
R Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 383 | $165,585,000 | $432,337 |
LTV Distribution
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| R Bank | 1900 Round Rock Avenue Round Rock, TX 78681 | Full Service B&M | $133,669 |
| 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 | 2415 Williams Dr. Georgetown, TX 78628 | Full Service B&M | $109,998 |
| 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 |