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 Home Purchase and Refi loans. Riverhills Bank has a high proportion of conventional loans. Their top markets by origination volume include: Vicksburg, Jackson, and Oxford among others. We have data for 4 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

    67

    Origination Dollar Volume (All Markets)

    $7,565,000

    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) 46 $4,800,000 $104,348 $0 0.00%
    JACKSON, MS (FHA|USDA|VA) 12 $2,390,000 $199,167 $0 0.00%
    Outside of Metro Areas 8 $270,000 $33,750 $0 0.00%
    Oxford, MS (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Riverhills Bank's top markets include Vicksburg, Jackson, and Oxford among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 67 $7,565,000 $112,910 $0 0.00%

    For 2020, Riverhills Bank's most frequently originated type of loan was Conventional, with 67 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 34 $4,890,000 $143,824 $0 0.00%
    Refi 23 $2,115,000 $91,957 $0 0.00%
    Home Improvement 9 $535,000 $59,444 $0 0.00%
    Other 1 $25,000 $25,000 $0 0.00%

    For 2020, Riverhills Bank's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 67 $7,565,000 $112,910 $0 0.00%

    For 2020, Riverhills Bank's most frequently cited loan duration was Other, with 67 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 43 $1,985,000 $46,163 $0 0.00%
    $100k-200k 15 $2,075,000 $138,333 $0 0.00%
    $200k-400k 5 $1,445,000 $289,000 $0 0.00%
    $400k-600k 3 $1,455,000 $485,000 $0 0.00%
    $600k-1MM 1 $605,000 $605,000 $0 0.00%

    2020 saw Riverhills Bank place emphasis on $100,000 or less loans with 43 originations, totaling $1,985,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 8 $1,160,000 $145,000 $0 0.00%
    $50k-75k 8 $460,000 $57,500 $0 0.00%
    $50k or less 8 $380,000 $47,500 $0 0.00%
    $100k-150k 7 $455,000 $65,000 $0 0.00%
    $75k-100k 7 $575,000 $82,143 $0 0.00%
    $250k+ 2 $410,000 $205,000 $0 0.00%

    Riverhills Bank lent most frequently to those with incomes in the $150k-250k range, with 8 originations. The second most popular income band? $50k-75k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 67 $7,565,000 $112,910 $0 0.00%

    Riverhills Bank lent most frequently to those with DTI ratios of Exempt%, with 67 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 31 $3,465,000 $111,774 $0 0.00%
    Not applicable 19 $3,135,000 $165,000 $0 0.00%
    Black 17 $965,000 $56,765 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.53%

    Riverhills Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    64.18%

    Riverhills Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 67 $7,565,000 $112,910

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $290,000 $145,000
    Single Family (1-4 Units):Manufactured 7 $245,000 $35,000
    Single Family (1-4 Units):Site-Built 58 $7,030,000 $121,207

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Riverhills Bank 100 Fountains Boulevard Madison, MS 39110 Full Service B&M $17,916
    Riverhills Bank 1400 Highway 61 North Bypass Vicksburg, MS 39183 Full Service B&M $161,093
    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 $122,639

    For 2020, Riverhills Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,497
    Net interest income $10,995
    Total noninterest income $1,449
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,244
    Trading account gains and fees $0
    Additional Noninterest Income $205
    Pre-tax net operating income $4,594
    Securities gains (or losses, -) $14
    Income before extraordinary items $4,608
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,608
    Minority interest net income $0
    Net income $4,608
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,594

    Riverhills Bank's gross interest income from loans was $13,497,000.
    Riverhills Bank's net interest income from loans was $10,995,000.
    Riverhills Bank's fee based income from loans was $1,244,000.
    Riverhills Bank's net income from loans was $4,608,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,502
    Provision for credit losses $870
    Total noninterest expense $6,980
    Salaries and employee benefits $4,306
    Premises and equipment expense $856
    Additional noninterest expense $1,818
    Applicable income taxes $0
    Net charge-offs $371
    Cash dividends $3,275

    Riverhills Bank's interest expense for loans was $2,502,000.
    Riverhills Bank's payroll and benefits expense were $4,306,000.
    Riverhills Bank's property, plant and equipment expenses $856,000.

    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 1.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 1.0%
    All other family 2.0%
    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 $307,867
    Deposits held in domestic offices $307,867
    Deposits by Individuals, partnerships, and corporations $246,426
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $61,441
    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 $182,077
    Demand deposits $77,815
    Nontransaction accounts $125,790
    Money market deposit accounts (MMDAs) $5,772
    Other savings deposits (excluding MMDAs) $20,075
    Total time deposits $99,943
    Total time and savings deposits $230,052
    Noninterest-bearing deposits $77,814
    Interest-bearing deposits $230,053
    Retail deposits $289,634
    IRAs and Keogh plan accounts $12,592
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $369,953
    Cash & Balances due from depository institutions $19,551
    Interest-bearing balances $12,674
    Total securities $165,751
    Federal funds sold & reverse repurchase $0
    Net loans and leases $171,508
    Loan and leases loss allowance $4,886
    Trading account assets $0
    Bank premises and fixed assets $6,487
    Other real estate owned $276
    Goodwill and other intangibles $0
    All other assets $6,380

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $369,953
    Total Liabilities $328,792
    Total deposits $307,867
    Interest-bearing deposits $230,053
    Deposits held in domestic offices $307,867
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $20,352
    Subordinated debt $0
    All other liabilities $573

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $171,508
    Loan and leases loss allowance $4,886
    Total loans and leases (domestic) $176,394
    All real estate loans $133,911
    Real estate loans in domestic offices $133,911
    Construction and development loans $13,831
    Residential 1-4 family construction $4,981
    Other construction, all land development and other land $8,850
    Loans secured by nonfarm nonresidential properties $57,064
    Nonfarm nonresidential secured by owner-occupied properties $43,938
    Commercial real estate & other non-farm, non-residential $13,126
    Multifamily residential real estate $4,424
    1-4 family residential loans $43,113
    Farmland loans $15,479
    Loans held in foreign offices $0
    Farm loans $1,938
    Commercial and industrial loans $30,758
    To non-U.S. addressees $0
    Loans to individuals $4,581
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $785
    Other loans to individuals $3,796
    All other loans & leases $5,206
    Loans to foreign governments and official institutions $0
    Other loans $2,305
    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 $8
    Non 1-4 family restructured loans & leases $8
    Total loans and leases (foreign) $0

    RiverHills Bank had $171,508,000 of loans outstanding in 2020. $133,911,000 of loans were in real estate loans. $13,831,000 of loans were in development loans. $4,424,000 of loans were in multifamily mortgage loans. $43,113,000 of loans were in 1-4 family mortgage loans. $1,938,000 of loans were in farm loans. $0 of loans were in credit card loans. $785,000 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 218 $57,064 $261,761
    Nonfarm, nonresidential loans - <$100k 89 $3,758 $42,225
    Nonfarm, nonresidential loans - $100-250k 72 $11,252 $156,278
    Nonfarm, nonresidential loans - $250k-1MM 57 $42,054 $737,789
    Commercial & Industrial, US addressed loans - <$1MM 539 $25,917 $48,083
    Commercial & Industrial, US addressed loans - <$100k 466 $10,797 $23,170
    Commercial & Industrial, US addressed loans - $100-250k 56 $8,316 $148,500
    Commercial & Industrial, US addressed loans - $250k-1MM 17 $6,804 $400,235
    Farmland loans - <$1MM 80 $8,102 $101,275
    Farmland loans - <$100k 49 $2,137 $43,612
    Farmland loans - $100-250k 27 $4,357 $161,370
    Farmland loans - $250k-1MM 4 $1,608 $402,000
    Agriculture operations loans - <$1MM 31 $1,938 $62,516
    Agriculture operations loans - <$100k 24 $665 $27,708
    Agriculture operations loans - $100-250k 6 $953 $158,833
    Agriculture operations loans - $250k-1MM 1 $320 $320,000