River Bank & Trust Mortgage Lending & HMDA Data, 2014
In 2014, River Bank & Trust of Prattville, AL reported 157 mortgage applications totaling $26.6 million, up 38% from 2013. The average application was for $169,573, and applicants reported an average income of $134,101. 81% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Montgomery, AL (125), Birmingham-Hoover, AL (3) and Crestview-Fort Walton Beach-Destin, FL (2) (applications in parentheses).
| 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 | 157 |
| Total Mortgage Loan Application Amount | $26,623,000 |
| Average Mortgage Loan Application Amount | $169,573 |
| Highest Mortgage Loan Application Amount | $3,520,000 |
| Average Applicant Income | $134,101 |
| Highest Applicant Income | $2,494,000 |
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Act (HMDA) records River Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 125 | $ 15,877,000 | $ 127,016 | $ 122,000 |
| Birmingham-Hoover, AL | 3 | $ 536,000 | $ 178,666 | $ 101,000 |
| Crestview-Fort Walton Beach-Destin, FL | 2 | $ 2,264,000 | $ 1,132,000 | $ 624,000 |
| Charleston-North Charleston, SC | 1 | $ 3,520,000 | $ 3,520,000 | $ 0 |
Mortgage Loan Application Detail Totals for River Bank & Trust in 2014
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 | 78 | $11,969,000 | $153,000 | $2,064,000 | $134,000 | $2,494,000 |
| Refinancing | 62 | $13,620,000 | $219,000 | $3,520,000 | $154,000 | $2,013,000 |
| Home Improvement | 17 | $1,034,000 | $60,000 | $356,000 | $62,000 | $197,000 |
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 | 111 | $15,274,000 | $137,000 | $2,064,000 | $140,000 | $2,013,000 |
| Not applicable | 19 | $5,663,000 | $298,000 | $3,520,000 | $0 | $0 |
| Not Provided | 14 | $4,350,000 | $310,000 | $648,000 | $155,000 | $385,000 |
| Black or African American | 8 | $429,000 | $53,000 | $109,000 | $45,000 | $63,000 |
| Asian | 3 | $491,000 | $163,000 | $247,000 | $83,000 | $98,000 |
| American Indian or Alaskan Native | 1 | $55,000 | $55,000 | $55,000 | $2,494,000 | $2,494,000 |
| Hispanic | 1 | $361,000 | $361,000 | $361,000 | $168,000 | $168,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 156 | $26,490,000 | $169,000 | $3,520,000 | $135,000 | $2,494,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $133,000 | $133,000 | $133,000 | $23,000 | $23,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 127 | $22,632,000 | $178,000 | $3,520,000 | $147,000 | $2,494,000 |
| Application Denied By Financial Institution | 14 | $1,034,000 | $73,000 | $133,000 | $49,000 | $98,000 |
| Application Approved But Not Accepted | 9 | $1,659,000 | $184,000 | $500,000 | $104,000 | $385,000 |
| Application Withdrawn By Applicant | 7 | $1,298,000 | $185,000 | $370,000 | $102,000 | $165,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 | $990,000 | $76,000 | $133,000 | $52,000 | $98,000 |
| Debt-To-Income Ratio | 1 | $44,000 | $44,000 | $44,000 | $14,000 | $14,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into River Bank & Trust's 2014 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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