Riverhills Bank Mortgage Rates, Fees & Info

Vicksburg, MS

LEI: 549300VRPB0NU0485164

Tax ID: 64-0224450

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Riverhills Bank is a smaller bank specializing in Refi and Home Purchase loans. Riverhills Bank has a high proportion of conventional loans. Their top markets by origination volume include: Vicksburg, Jackson, Crestview, Oxford, and Greenville among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Riverhills Bank 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.

    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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    Originations

    102

    Origination Dollar Volume (All Markets)

    $11,780,000

    Employee count

    57

    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
    Vicksburg, MS (FHA|USDA|VA) 67 $6,975,000 $104,104 $0 0.00%
    JACKSON, MS (FHA|USDA|VA) 17 $2,575,000 $151,471 $0 0.00%
    Outside of Metro Areas 14 $1,360,000 $97,143 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
    Oxford, MS (FHA|USDA|VA) 2 $280,000 $140,000 $0 0.00%
    Greenville, MS (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    Riverhills Bank's top markets include Vicksburg, Jackson, Crestview, Oxford, and Greenville among others.

    Their top states include:
  • Mississippi (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 102 $11,780,000 $115,490 $0 0.00%

    For 2018, Riverhills Bank's most frequently originated type of loan was Conventional, with 102 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 50 $6,870,000 $137,400 $0 0.00%
    Home Purchase 33 $4,055,000 $122,879 $0 0.00%
    Home Improvement 17 $795,000 $46,765 $0 0.00%
    Other 2 $60,000 $30,000 $0 0.00%

    For 2018, Riverhills Bank's most frequently cited loan purpose was Refi, with 50 originations. The 2nd most popular reason was Home Purchase, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 102 $11,780,000 $115,490 $0 0.00%

    For 2018, Riverhills Bank's most frequently cited loan duration was Other, with 102 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 69 $3,345,000 $48,478 $0 0.00%
    $200k-400k 18 $4,600,000 $255,556 $0 0.00%
    $100k-200k 12 $1,580,000 $131,667 $0 0.00%
    $400k-600k 2 $870,000 $435,000 $0 0.00%
    $1MM+ 1 $1,385,000 $1,385,000 $0 0.00%

    2018 saw Riverhills Bank place emphasis on $100,000 or less loans with 69 originations, totaling $3,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 18 $1,510,000 $83,889 $0 0.00%
    $100k-150k 15 $1,225,000 $81,667 $0 0.00%
    $75k-100k 13 $975,000 $75,000 $0 0.00%
    $150k-250k 8 $830,000 $103,750 $0 0.00%
    $50k or less 5 $445,000 $89,000 $0 0.00%
    $250k+ 1 $85,000 $85,000 $0 0.00%

    Riverhills Bank lent most frequently to those with incomes in the $50k-75k range, with 18 originations. The second most popular income band? $100k-150k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 102 $11,780,000 $115,490 $0 0.00%

    Riverhills Bank lent most frequently to those with DTI ratios of Exempt%, with 102 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 54 $5,490,000 $101,667 $0 0.00%
    Not applicable 30 $5,250,000 $175,000 $0 0.00%
    Black 18 $1,040,000 $57,778 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.73%

    Riverhills Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    87.25%

    Riverhills Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 102 $11,780,000 $115,490

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $1,915,000 $638,333
    Single Family (1-4 Units):Manufactured 11 $625,000 $56,818
    Single Family (1-4 Units):Site-Built 88 $9,240,000 $105,000

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    RiverHills Bank 100 Fountains Boulevard Madison, MS 39110 Full Service B&M $9,820
    RiverHills Bank 1400 Highway 61 North Bypass Vicksburg, MS 39180 Full Service B&M $141,300
    RiverHills Bank 2125 North Frontage Road Vicksburg, MS 39180 Full Service B&M $0
    RiverHills Bank 702 Market Street Port Gibson, MS 39150 Full Service B&M $103,327

    For 2018, Riverhills Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,420
    Net interest income $10,182
    Total noninterest income $1,931
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,510
    Trading account gains and fees $0
    Additional Noninterest Income $421
    Pre-tax net operating income $4,805
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,805
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,805
    Minority interest net income $0
    Net income $4,805
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,805

    Riverhills Bank's gross interest income from loans was $12,420,000.
    Riverhills Bank's net interest income from loans was $10,182,000.
    Riverhills Bank's fee based income from loans was $1,510,000.
    Riverhills Bank's net income from loans was $4,805,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,238
    Provision for credit losses $340
    Total noninterest expense $6,968
    Salaries and employee benefits $4,243
    Premises and equipment expense $828
    Additional noninterest expense $1,897
    Applicable income taxes $0
    Net charge-offs $384
    Cash dividends $2,700

    Riverhills Bank's interest expense for loans was $2,238,000.
    Riverhills Bank's payroll and benefits expense were $4,243,000.
    Riverhills Bank's property, plant and equipment expenses $828,000.

    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 2.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    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 $254,072
    Deposits held in domestic offices $254,072
    Deposits by Individuals, partnerships, and corporations $201,674
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $52,398
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $143,042
    Demand deposits $55,970
    Nontransaction accounts $111,030
    Money market deposit accounts (MMDAs) $3,896
    Other savings deposits (excluding MMDAs) $12,685
    Total time deposits $94,449
    Total time and savings deposits $198,102
    Noninterest-bearing deposits $55,970
    Interest-bearing deposits $198,102
    Retail deposits $236,123
    IRAs and Keogh plan accounts $13,288
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $315,992
    Cash & Balances due from depository institutions $23,564
    Interest-bearing balances $18,387
    Total securities $93,414
    Federal funds sold & reverse repurchase $0
    Net loans and leases $186,267
    Loan and leases loss allowance $4,123
    Trading account assets $0
    Bank premises and fixed assets $6,799
    Other real estate owned $106
    Goodwill and other intangibles $0
    All other assets $5,842

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $315,992
    Total Liabilities $284,148
    Total deposits $254,072
    Interest-bearing deposits $198,102
    Deposits held in domestic offices $254,072
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $29,781
    Subordinated debt $0
    All other liabilities $295

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $186,267
    Loan and leases loss allowance $4,123
    Total loans and leases (domestic) $190,390
    All real estate loans $152,662
    Real estate loans in domestic offices $152,662
    Construction and development loans $13,255
    Residential 1-4 family construction $4,635
    Other construction, all land development and other land $8,620
    Loans secured by nonfarm nonresidential properties $64,359
    Nonfarm nonresidential secured by owner-occupied properties $43,572
    Commercial real estate & other non-farm, non-residential $20,787
    Multifamily residential real estate $4,685
    1-4 family residential loans $53,338
    Farmland loans $17,025
    Loans held in foreign offices $0
    Farm loans $3,081
    Commercial and industrial loans $25,257
    To non-U.S. addressees $0
    Loans to individuals $5,459
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,074
    Other loans to individuals $4,385
    All other loans & leases $3,931
    Loans to foreign governments and official institutions $0
    Other loans $1,581
    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 $2,039
    Non 1-4 family restructured loans & leases $2,039
    Total loans and leases (foreign) $0

    RiverHills Bank had $186,267,000 of loans outstanding in 2018. $152,662,000 of loans were in real estate loans. $13,255,000 of loans were in development loans. $4,685,000 of loans were in multifamily mortgage loans. $53,338,000 of loans were in 1-4 family mortgage loans. $3,081,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,074,000 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 234 $64,359 $275,038
    Nonfarm, nonresidential loans - <$100k 96 $3,680 $38,333
    Nonfarm, nonresidential loans - $100-250k 77 $12,545 $162,922
    Nonfarm, nonresidential loans - $250k-1MM 61 $48,134 $789,082
    Commercial & Industrial, US addressed loans - <$1MM 380 $25,257 $66,466
    Commercial & Industrial, US addressed loans - <$100k 330 $6,618 $20,055
    Commercial & Industrial, US addressed loans - $100-250k 28 $4,420 $157,857
    Commercial & Industrial, US addressed loans - $250k-1MM 22 $14,219 $646,318
    Farmland loans - <$1MM 95 $17,025 $179,211
    Farmland loans - <$100k 48 $2,078 $43,292
    Farmland loans - $100-250k 24 $3,827 $159,458
    Farmland loans - $250k-1MM 23 $11,120 $483,478
    Agriculture operations loans - <$1MM 42 $3,081 $73,357
    Agriculture operations loans - <$100k 33 $1,023 $31,000
    Agriculture operations loans - $100-250k 6 $996 $166,000
    Agriculture operations loans - $250k-1MM 3 $1,062 $354,000