Two Rivers Bank & Trust Mortgage Rates, Fees & Info
Burlington, IALEI: 549300TN34NXD7N44O04
Tax ID: 42-0162020
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Bank Data
Review & Overview
Two Rivers Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Two Rivers Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Davenport, Burlington, Des Moines, Cedar Rapids, and Iowa City among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Two Rivers Bank & Trust has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
281Origination Dollar Volume (All Markets)
$56,055,000Employee count
168Top 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 |
|---|---|---|---|---|---|
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 12 | $22,640,000 | $1,886,667 | $0 | 0.00% |
| Burlington, IA-IL (FHA|USDA|VA) | 145 | $12,885,000 | $88,862 | $0 | 0.00% |
| Outside of Metro Areas | 46 | $5,260,000 | $114,348 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 25 | $5,255,000 | $210,200 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 6 | $5,120,000 | $853,333 | $0 | 0.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 13 | $2,555,000 | $196,538 | $0 | 0.00% |
| Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 28 | $1,910,000 | $68,214 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Pella, IA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Fairfield, IA (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 0.00% |
| Clinton, IA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Macomb, IL (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Two Rivers Bank & Trust 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 | 281 | $56,055,000 | $199,484 | $0 | 0.00% |
For 2019, Two Rivers Bank & Trust's most frequently originated type of loan was Conventional, with 281 originations.
Loan Reason
For 2019, Two Rivers Bank & Trust's most frequently cited loan purpose was Home Purchase, with 134 originations. The 2nd most popular reason was Refi, with 65 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 281 | $56,055,000 | $199,484 | $0 | 0.00% |
For 2019, Two Rivers Bank & Trust's most frequently cited loan duration was Other, with 281 originations.
Loan Sizing
2019 saw Two Rivers Bank & Trust place emphasis on $100,000 or less loans with 183 originations, totaling $8,495,000 in origination value.
Applicant Income
Two Rivers Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 67 originations. The second most popular income band? $50k-75k, with 54 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 281 | $56,055,000 | $199,484 | $0 | 0.00% |
Two Rivers Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 281 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.84%
Two Rivers Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination78.29%
Two Rivers Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 281 | $56,055,000 | $199,484 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Two Rivers Bank & Trust | 100 West Washington Street Mount Pleasant, IA 52641 | Full Service B&M | $55,803 |
| Two Rivers Bank & Trust | 105 Main Street Mediapolis, IA 52637 | Full Service B&M | $41,768 |
| Two Rivers Bank & Trust | 1066 South Gear Avenue W. Burlington, IA 52601 | Full Service B&M | $40,326 |
| Two Rivers Bank & Trust | 115 Boulevard Road Keokuk, IA 52632 | Full Service B&M | $25,443 |
| Two Rivers Bank & Trust | 222 North Main Street Burlington, IA 52601 | Full Service B&M | $295,982 |
| Two Rivers Bank & Trust | 3025 Ingersoll Avenue Des Moines, IA 50312 | Full Service B&M | $35,918 |
| Two Rivers Bank & Trust | 320 Concert Street Keokuk, IA 52632 | Full Service B&M | $45,029 |
| Two Rivers Bank & Trust | 3292 Ridgeway Drive, Suite A Coralville, IA 52241 | Full Service B&M | $61,990 |
| Two Rivers Bank & Trust | 4320 Westown Parkway Ste 100 West Des Moines, IA 50266 | Full Service B&M | $26,040 |
| Two Rivers Bank & Trust | 503 West Main Street New London, IA 52645 | Full Service B&M | $8,502 |
| Two Rivers Bank & Trust | 551 Westbury Road Iowa City, IA 52245 | Full Service B&M | $17,316 |
| Two Rivers Bank & Trust | 802 Se Oralabor Road, Suite 126 Ankeny, IA 50021 | Full Service B&M | $21,733 |
| Two Rivers Bank & Trust | 909 Roosevelt Avenue Burlington, IA 52601 | Full Service B&M | $59,607 |
For 2019, Two Rivers Bank & Trust had 13 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $36,024 |
| Net interest income | $28,227 |
| Total noninterest income | $8,643 |
| Gross Fiduciary activities income | $1,992 |
| Service charges on deposit accounts | $1,216 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $5,435 |
| Pre-tax net operating income | $9,057 |
| Securities gains (or losses, -) | $29 |
| Income before extraordinary items | $7,035 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $7,035 |
| Minority interest net income | $0 |
| Net income | $7,035 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $7,012 |
Two Rivers Bank & Trust's gross interest income from loans was $36,024,000.
Two Rivers Bank & Trust's net interest income from loans was $28,227,000.
Two Rivers Bank & Trust's fee based income from loans was $1,216,000.
Two Rivers Bank & Trust's net income from loans was $7,035,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $7,797 |
| Provision for credit losses | $1,255 |
| Total noninterest expense | $26,558 |
| Salaries and employee benefits | $13,626 |
| Premises and equipment expense | $3,170 |
| Additional noninterest expense | $9,762 |
| Applicable income taxes | $2,051 |
| Net charge-offs | $1,794 |
| Cash dividends | $3,212 |
Two Rivers Bank & Trust's interest expense for loans was $7,797,000.
Two Rivers Bank & Trust's payroll and benefits expense were $13,626,000.
Two Rivers Bank & Trust's property, plant and equipment expenses $3,170,000.
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 | 6.0% |
| 1-4 family residential loans | 1.0% |
| HELOC loans | 0.0% |
| All other family | 1.0% |
| 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 | $706,714 |
| Deposits held in domestic offices | $706,714 |
| Deposits by Individuals, partnerships, and corporations | $606,926 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $93,584 |
| Deposits by Commercial banks and other depository institutions in U.S. | $6,204 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $121,134 |
| Demand deposits | $113,887 |
| Nontransaction accounts | $585,580 |
| Money market deposit accounts (MMDAs) | $107,110 |
| Other savings deposits (excluding MMDAs) | $372,324 |
| Total time deposits | $106,147 |
| Total time and savings deposits | $592,827 |
| Noninterest-bearing deposits | $131,148 |
| Interest-bearing deposits | $575,566 |
| Retail deposits | $690,201 |
| IRAs and Keogh plan accounts | $11,888 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $853,289 |
| Cash & Balances due from depository institutions | $11,950 |
| Interest-bearing balances | $1,302 |
| Total securities | $85,290 |
| Federal funds sold & reverse repurchase | $214 |
| Net loans and leases | $711,194 |
| Loan and leases loss allowance | $7,804 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $15,644 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $9,104 |
| All other assets | $19,893 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $853,289 |
| Total Liabilities | $767,510 |
| Total deposits | $706,714 |
| Interest-bearing deposits | $575,566 |
| Deposits held in domestic offices | $706,714 |
| % insured (estimated) | $80 |
| Federal funds purchased and repurchase agreements | $41,317 |
| Trading liabilities | $0 |
| Other borrowed funds | $15,226 |
| Subordinated debt | $0 |
| All other liabilities | $4,253 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $711,194 |
| Loan and leases loss allowance | $7,804 |
| Total loans and leases (domestic) | $718,998 |
| All real estate loans | $545,142 |
| Real estate loans in domestic offices | $545,142 |
| Construction and development loans | $76,173 |
| Residential 1-4 family construction | $10,212 |
| Other construction, all land development and other land | $65,961 |
| Loans secured by nonfarm nonresidential properties | $243,073 |
| Nonfarm nonresidential secured by owner-occupied properties | $87,985 |
| Commercial real estate & other non-farm, non-residential | $155,088 |
| Multifamily residential real estate | $42,001 |
| 1-4 family residential loans | $163,925 |
| Farmland loans | $19,970 |
| Loans held in foreign offices | $0 |
| Farm loans | $13,871 |
| Commercial and industrial loans | $144,981 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $10,461 |
| Credit card loans | $0 |
| Related Plans | $235 |
| Consumer Auto Loans | $5,288 |
| Other loans to individuals | $4,938 |
| All other loans & leases | $4,754 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $398 |
| 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 | $3,774 |
| Non 1-4 family restructured loans & leases | $3,774 |
| Total loans and leases (foreign) | $0 |
Two Rivers Bank & Trust had $711,194,000 of loans outstanding in 2019. $545,142,000 of loans were in real estate loans. $76,173,000 of loans were in development loans. $42,001,000 of loans were in multifamily mortgage loans. $163,925,000 of loans were in 1-4 family mortgage loans. $13,871,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,288,000 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 | 249 | $58,086 | $233,277 |
| Nonfarm, nonresidential loans - <$100k | 62 | $3,016 | $48,645 |
| Nonfarm, nonresidential loans - $100-250k | 70 | $9,687 | $138,386 |
| Nonfarm, nonresidential loans - $250k-1MM | 117 | $45,383 | $387,889 |
| Commercial & Industrial, US addressed loans - <$1MM | 678 | $72,711 | $107,243 |
| Commercial & Industrial, US addressed loans - <$100k | 376 | $10,012 | $26,628 |
| Commercial & Industrial, US addressed loans - $100-250k | 140 | $15,179 | $108,421 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 162 | $47,520 | $293,333 |
| Farmland loans - <$1MM | 107 | $11,241 | $105,056 |
| Farmland loans - <$100k | 48 | $1,507 | $31,396 |
| Farmland loans - $100-250k | 40 | $5,054 | $126,350 |
| Farmland loans - $250k-1MM | 19 | $4,680 | $246,316 |
| Agriculture operations loans - <$1MM | 210 | $9,781 | $46,576 |
| Agriculture operations loans - <$100k | 161 | $3,531 | $21,932 |
| Agriculture operations loans - $100-250k | 38 | $3,621 | $95,289 |
| Agriculture operations loans - $250k-1MM | 11 | $2,629 | $239,000 |