Bank Of Ripley Mortgage Rates, Fees & Info

Ripley, TN

LEI: 549300WD5Y35T6978X73

Tax ID: 62-0340125

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

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

    Bank Of Ripley is a smaller bank specializing in various types of mortgages.



    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    0

    Origination Dollar Volume (All Markets)

    $0

    Employee count

    63

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 5 16.7%
    BANK OF THE WEST VA mortgage Trouble during payment process 1 3.3%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 2 6.7%
    BANK OF THE WEST Other type of mortgage Struggling to pay mortgage 1 3.3%
    BANK OF THE WEST Other type of mortgage Closing on a mortgage 1 3.3%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.3%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 3 10.0%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Closing on a mortgage 4 13.3%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 6.7%
    BANK OF THE WEST FHA mortgage Trouble during payment process 1 3.3%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 2 6.7%
    BANK OF THE WEST Conventional home mortgage Closing on a mortgage 1 3.3%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 6 20.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bank of Ripley 134 North Jefferson Street Ripley, TN 38063 Full Service B&M $169,614
    Bank of Ripley 1775 Highway 51 South Covington, TN 38019 Full Service B&M $33,783
    Bank of Ripley 311 South Washington Street Ripley, TN 38063 Limited, Drive-thru $142
    Bank of Ripley Hwy 51 Location 514 Hwy 51 North Ripley, TN 38063 Full Service B&M $32,972

    For 2021, Bank Of Ripley had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,622
    Net interest income $8,045
    Total noninterest income $1,623
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $844
    Trading account gains and fees $0
    Additional Noninterest Income $779
    Pre-tax net operating income $1,925
    Securities gains (or losses, -) $77
    Income before extraordinary items $1,881
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,881
    Minority interest net income $0
    Net income $1,881
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,808

    Bank Of Ripley's gross interest income from loans was $8,622,000.
    Bank Of Ripley's net interest income from loans was $8,045,000.
    Bank Of Ripley's fee based income from loans was $844,000.
    Bank Of Ripley's net income from loans was $1,881,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $577
    Provision for credit losses $0
    Total noninterest expense $7,743
    Salaries and employee benefits $4,787
    Premises and equipment expense $866
    Additional noninterest expense $2,090
    Applicable income taxes $121
    Net charge-offs $57
    Cash dividends $422

    Bank Of Ripley's interest expense for loans was $577,000.
    Bank Of Ripley's payroll and benefits expense were $4,787,000.
    Bank Of Ripley's property, plant and equipment expenses $866,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 3.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    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 $250,249
    Deposits held in domestic offices $250,249
    Deposits by Individuals, partnerships, and corporations $194,207
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $56,041
    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 $141,581
    Demand deposits $68,341
    Nontransaction accounts $108,667
    Money market deposit accounts (MMDAs) $14,934
    Other savings deposits (excluding MMDAs) $26,604
    Total time deposits $67,129
    Total time and savings deposits $181,907
    Noninterest-bearing deposits $68,341
    Interest-bearing deposits $181,908
    Retail deposits $229,349
    IRAs and Keogh plan accounts $12,606
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $291,602
    Cash & Balances due from depository institutions $7,741
    Interest-bearing balances $1,240
    Total securities $168,091
    Federal funds sold & reverse repurchase $27,755
    Net loans and leases $77,866
    Loan and leases loss allowance $736
    Trading account assets $0
    Bank premises and fixed assets $2,928
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $7,221

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $291,602
    Total Liabilities $252,785
    Total deposits $250,249
    Interest-bearing deposits $181,908
    Deposits held in domestic offices $250,249
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,536

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $77,866
    Loan and leases loss allowance $736
    Total loans and leases (domestic) $78,602
    All real estate loans $55,722
    Real estate loans in domestic offices $55,722
    Construction and development loans $2,308
    Residential 1-4 family construction $1,140
    Other construction, all land development and other land $1,168
    Loans secured by nonfarm nonresidential properties $16,134
    Nonfarm nonresidential secured by owner-occupied properties $14,037
    Commercial real estate & other non-farm, non-residential $2,097
    Multifamily residential real estate $1,082
    1-4 family residential loans $24,864
    Farmland loans $11,334
    Loans held in foreign offices $0
    Farm loans $2,524
    Commercial and industrial loans $1,730
    To non-U.S. addressees $0
    Loans to individuals $18,485
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $8,920
    Other loans to individuals $9,565
    All other loans & leases $141
    Loans to foreign governments and official institutions $0
    Other loans $141
    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 $247
    Non 1-4 family restructured loans & leases $247
    Total loans and leases (foreign) $0

    Bank of Ripley had $77,866,000 of loans outstanding in 2021. $55,722,000 of loans were in real estate loans. $2,308,000 of loans were in development loans. $1,082,000 of loans were in multifamily mortgage loans. $24,864,000 of loans were in 1-4 family mortgage loans. $2,524,000 of loans were in farm loans. $0 of loans were in credit card loans. $8,920,000 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 92 $10,227 $111,163
    Nonfarm, nonresidential loans - <$100k 42 $1,487 $35,405
    Nonfarm, nonresidential loans - $100-250k 28 $2,781 $99,321
    Nonfarm, nonresidential loans - $250k-1MM 22 $5,959 $270,864
    Commercial & Industrial, US addressed loans - <$1MM 73 $1,730 $23,699
    Commercial & Industrial, US addressed loans - <$100k 69 $1,539 $22,304
    Commercial & Industrial, US addressed loans - $100-250k 4 $191 $47,750
    Farmland loans - <$1MM 70 $6,454 $92,200
    Farmland loans - <$100k 35 $1,334 $38,114
    Farmland loans - $100-250k 26 $2,713 $104,346
    Farmland loans - $250k-1MM 9 $2,407 $267,444
    Agriculture operations loans - <$1MM 30 $1,107 $36,900
    Agriculture operations loans - <$100k 22 $304 $13,818
    Agriculture operations loans - $100-250k 7 $600 $85,714
    Agriculture operations loans - $250k-1MM 1 $203 $203,000