Two Rivers Bank & Trust Mortgage Rates, Fees & Info
Burlington, IALEI: 549300TN34NXD7N44O04
Tax ID: 42-0162020
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Mortgage 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: Burlington, Des Moines, Fort Madison, Iowa City, and Cedar Rapids among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)Two Rivers Bank & Trust 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.
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Originations
381Origination Dollar Volume (All Markets)
$75,435,000Top 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 |
|---|---|---|---|---|---|
| Burlington, IA-IL (FHA|USDA|VA) | 194 | $35,340,000 | $182,165 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 42 | $15,420,000 | $367,143 | $0 | 0.00% |
| Outside of Metro Areas | 45 | $7,865,000 | $174,778 | $0 | 0.00% |
| Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 60 | $5,780,000 | $96,333 | $0 | 0.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 21 | $5,215,000 | $248,333 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 5 | $2,435,000 | $487,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $0 | 0.00% |
| Fairfield, IA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Fort Dodge, IA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $0 | 0.00% |
| Marshalltown, IA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Muscatine, IA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Macomb, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $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 | 381 | $75,435,000 | $197,992 | $0 | 0.00% |
For 2022, Two Rivers Bank & Trust's most frequently originated type of loan was Conventional, with 381 originations.
Loan Reason
For 2022, Two Rivers Bank & Trust's most frequently cited loan purpose was Home Purchase, with 207 originations. The 2nd most popular reason was Refi, with 90 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 381 | $75,435,000 | $197,992 | $0 | 0.00% |
For 2022, Two Rivers Bank & Trust's most frequently cited loan duration was Other, with 381 originations.
Loan Sizing
2022 saw Two Rivers Bank & Trust place emphasis on $100,000 or less loans with 187 originations, totaling $9,245,000 in origination value.
Applicant Income
Two Rivers Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 80 originations. The second most popular income band? $50k or less, with 75 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 381 | $75,435,000 | $197,992 | $0 | 0.00% |
Two Rivers Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 381 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.78%
Two Rivers Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination86.88%
Two Rivers Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 381 | $75,435,000 | $197,992 |