River Bank & Trust Mortgage Lending & HMDA Data, 2007
In 2007, River Bank & Trust of Prattville, AL reported 159 mortgage applications totaling $28.5 million. The average application was for $179,547, and applicants reported an average income of $117,283. 66% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Montgomery, AL (138) and Atlanta-Sandy Springs-Marietta, GA (1).
| Mortgage Company & Address | River Bank & Trust 2611 Legends Drive Prattville, AL 36066 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 159 |
| Total Mortgage Loan Application Amount | $28,548,000 |
| Average Mortgage Loan Application Amount | $179,547 |
| Highest Mortgage Loan Application Amount | $1,750,000 |
| Average Applicant Income | $117,283 |
| Highest Applicant Income | $2,500,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records River Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Montgomery, AL | 138 | $ 23,417,000 | $ 169,688 | $ 115,000 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 825,000 | $ 825,000 | $ 219,000 |
Mortgage Loan Application Detail Totals for River Bank & Trust in 2007
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 80 | $12,672,000 | $158,000 | $1,750,000 | $89,000 | $1,337,000 |
| Refinancing | 77 | $15,593,000 | $202,000 | $825,000 | $148,000 | $2,500,000 |
| Home Improvement | 2 | $283,000 | $141,000 | $228,000 | $66,000 | $110,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 118 | $21,042,000 | $178,000 | $825,000 | $135,000 | $2,500,000 |
| Not applicable | 21 | $3,692,000 | $175,000 | $1,750,000 | $0 | $0 |
| Black or African American | 12 | $2,327,000 | $193,000 | $520,000 | $53,000 | $91,000 |
| Not Provided | 4 | $766,000 | $191,000 | $478,000 | $192,000 | $559,000 |
| American Indian or Alaskan Native | 2 | $473,000 | $236,000 | $298,000 | $580,000 | $1,054,000 |
| Asian | 1 | $209,000 | $209,000 | $209,000 | $78,000 | $78,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $39,000 | $39,000 | $39,000 | $110,000 | $110,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 159 | $28,548,000 | $179,000 | $1,750,000 | $117,000 | $2,500,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 105 | $17,587,000 | $167,000 | $1,750,000 | $134,000 | $2,500,000 |
| Application Approved But Not Accepted | 25 | $6,037,000 | $241,000 | $825,000 | $122,000 | $559,000 |
| Application Denied By Financial Institution | 19 | $3,114,000 | $163,000 | $520,000 | $42,000 | $84,000 |
| Application Withdrawn By Applicant | 8 | $1,434,000 | $179,000 | $390,000 | $84,000 | $150,000 |
| File Closed For Incompleteness | 1 | $312,000 | $312,000 | $312,000 | $69,000 | $69,000 |
| Preapproval Approved but not Accepted | 1 | $64,000 | $64,000 | $64,000 | $30,000 | $30,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 13 | $1,595,000 | $122,000 | $275,000 | $40,000 | $82,000 |
| Debt-To-Income Ratio | 5 | $1,293,000 | $258,000 | $520,000 | $39,000 | $67,000 |
| Other | 1 | $226,000 | $226,000 | $226,000 | $84,000 | $84,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into River Bank & Trust's 2007 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess River Bank & Trust's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Alabama, download the full spreadsheet
with aggregated HMDA statistics today.
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