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, Asheville, Starkville, and Natchez 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

    61

    Origination Dollar Volume (All Markets)

    $6,135,000

    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) 38 $2,870,000 $75,526 $0 0.00%
    JACKSON, MS (FHA|USDA|VA) 12 $2,360,000 $196,667 $0 0.00%
    Outside of Metro Areas 8 $490,000 $61,250 $0 0.00%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    Starkville, MS (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Natchez, MS-LA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Riverhills Bank's top markets include Vicksburg, Jackson, Asheville, Starkville, and Natchez among others.

    Their top states include:
  • Mississippi (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 61 $6,135,000 $100,574 $0 0.00%

    For 2019, Riverhills Bank's most frequently originated type of loan was Conventional, with 61 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 29 $3,235,000 $111,552 $0 0.00%
    Home Purchase 24 $2,480,000 $103,333 $0 0.00%
    Home Improvement 6 $350,000 $58,333 $0 0.00%
    Other 2 $70,000 $35,000 $0 0.00%

    For 2019, Riverhills Bank's most frequently cited loan purpose was Refi, with 29 originations. The 2nd most popular reason was Home Purchase, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 61 $6,135,000 $100,574 $0 0.00%

    For 2019, Riverhills Bank's most frequently cited loan duration was Other, with 61 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 43 $1,995,000 $46,395 $0 0.00%
    $100k-200k 12 $1,720,000 $143,333 $0 0.00%
    $200k-400k 3 $845,000 $281,667 $0 0.00%
    $400k-600k 3 $1,575,000 $525,000 $0 0.00%

    2019 saw Riverhills Bank place emphasis on $100,000 or less loans with 43 originations, totaling $1,995,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 12 $770,000 $64,167 $0 0.00%
    $100k-150k 7 $615,000 $87,857 $0 0.00%
    $50k-75k 6 $250,000 $41,667 $0 0.00%
    $50k or less 6 $230,000 $38,333 $0 0.00%
    $250k+ 3 $485,000 $161,667 $0 0.00%
    $150k-250k 2 $110,000 $55,000 $0 0.00%

    Riverhills Bank lent most frequently to those with incomes in the $75k-100k range, with 12 originations. The second most popular income band? $100k-150k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 61 $6,135,000 $100,574 $0 0.00%

    Riverhills Bank lent most frequently to those with DTI ratios of Exempt%, with 61 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 30 $2,790,000 $93,000 $0 0.00%
    Not applicable 21 $2,785,000 $132,619 $0 0.00%
    Black 10 $560,000 $56,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.90%

    Riverhills Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.97%

    Riverhills Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 61 $6,135,000 $100,574

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $145,000 $145,000
    Single Family (1-4 Units):Manufactured 11 $485,000 $44,091
    Single Family (1-4 Units):Site-Built 49 $5,505,000 $112,347

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    RiverHills Bank 100 Fountains Boulevard Madison, MS 39110 Full Service B&M $12,429
    RiverHills Bank 1400 Highway 61 North Bypass Vicksburg, MS 39180 Full Service B&M $145,448
    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 $107,422

    For 2019, Riverhills Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,622
    Net interest income $10,545
    Total noninterest income $2,148
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,475
    Trading account gains and fees $0
    Additional Noninterest Income $673
    Pre-tax net operating income $5,309
    Securities gains (or losses, -) $0
    Income before extraordinary items $5,309
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,309
    Minority interest net income $0
    Net income $5,309
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,309

    Riverhills Bank's gross interest income from loans was $13,622,000.
    Riverhills Bank's net interest income from loans was $10,545,000.
    Riverhills Bank's fee based income from loans was $1,475,000.
    Riverhills Bank's net income from loans was $5,309,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,077
    Provision for credit losses $300
    Total noninterest expense $7,084
    Salaries and employee benefits $4,271
    Premises and equipment expense $874
    Additional noninterest expense $1,939
    Applicable income taxes $0
    Net charge-offs $35
    Cash dividends $3,100

    Riverhills Bank's interest expense for loans was $3,077,000.
    Riverhills Bank's payroll and benefits expense were $4,271,000.
    Riverhills Bank's property, plant and equipment expenses $874,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 2.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 3.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $266,980
    Deposits held in domestic offices $266,980
    Deposits by Individuals, partnerships, and corporations $210,978
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $56,002
    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 $146,280
    Demand deposits $55,055
    Nontransaction accounts $120,700
    Money market deposit accounts (MMDAs) $5,503
    Other savings deposits (excluding MMDAs) $14,579
    Total time deposits $100,618
    Total time and savings deposits $211,925
    Noninterest-bearing deposits $55,055
    Interest-bearing deposits $211,925
    Retail deposits $248,840
    IRAs and Keogh plan accounts $12,993
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $327,551
    Cash & Balances due from depository institutions $26,293
    Interest-bearing balances $20,576
    Total securities $108,180
    Federal funds sold & reverse repurchase $0
    Net loans and leases $180,275
    Loan and leases loss allowance $4,388
    Trading account assets $0
    Bank premises and fixed assets $6,739
    Other real estate owned $51
    Goodwill and other intangibles $0
    All other assets $6,013

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $327,551
    Total Liabilities $291,582
    Total deposits $266,980
    Interest-bearing deposits $211,925
    Deposits held in domestic offices $266,980
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $24,189
    Subordinated debt $0
    All other liabilities $413

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $180,275
    Loan and leases loss allowance $4,388
    Total loans and leases (domestic) $184,663
    All real estate loans $146,950
    Real estate loans in domestic offices $146,950
    Construction and development loans $13,565
    Residential 1-4 family construction $5,843
    Other construction, all land development and other land $7,722
    Loans secured by nonfarm nonresidential properties $61,949
    Nonfarm nonresidential secured by owner-occupied properties $44,680
    Commercial real estate & other non-farm, non-residential $17,269
    Multifamily residential real estate $3,991
    1-4 family residential loans $51,032
    Farmland loans $16,413
    Loans held in foreign offices $0
    Farm loans $2,177
    Commercial and industrial loans $24,943
    To non-U.S. addressees $0
    Loans to individuals $5,335
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $856
    Other loans to individuals $4,479
    All other loans & leases $5,258
    Loans to foreign governments and official institutions $0
    Other loans $2,023
    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 $18
    Non 1-4 family restructured loans & leases $18
    Total loans and leases (foreign) $0

    RiverHills Bank had $180,275,000 of loans outstanding in 2019. $146,950,000 of loans were in real estate loans. $13,565,000 of loans were in development loans. $3,991,000 of loans were in multifamily mortgage loans. $51,032,000 of loans were in 1-4 family mortgage loans. $2,177,000 of loans were in farm loans. $0 of loans were in credit card loans. $856,000 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 223 $61,164 $274,278
    Nonfarm, nonresidential loans - <$100k 93 $3,698 $39,763
    Nonfarm, nonresidential loans - $100-250k 69 $11,089 $160,710
    Nonfarm, nonresidential loans - $250k-1MM 61 $46,377 $760,279
    Commercial & Industrial, US addressed loans - <$1MM 367 $24,943 $67,965
    Commercial & Industrial, US addressed loans - <$100k 310 $6,739 $21,739
    Commercial & Industrial, US addressed loans - $100-250k 35 $5,594 $159,829
    Commercial & Industrial, US addressed loans - $250k-1MM 22 $12,610 $573,182
    Farmland loans - <$1MM 83 $8,250 $99,398
    Farmland loans - <$100k 48 $2,064 $43,000
    Farmland loans - $100-250k 30 $4,453 $148,433
    Farmland loans - $250k-1MM 5 $1,733 $346,600
    Agriculture operations loans - <$1MM 34 $2,177 $64,029
    Agriculture operations loans - <$100k 26 $607 $23,346
    Agriculture operations loans - $100-250k 6 $738 $123,000
    Agriculture operations loans - $250k-1MM 2 $832 $416,000