River Bank & Trust Mortgage Lending & HMDA Data, 2016
In 2016, River Bank & Trust of Prattville, AL reported 377 mortgage applications totaling $34.6 million, up 104% from 2015. The average application was for $91,856, and applicants reported an average income of $84,787. 71% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Auburn-Opelika, AL (155), Montgomery, AL (85) and Gadsden, AL (33) (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 | 377 |
| Total Mortgage Loan Application Amount | $34,630,000 |
| Average Mortgage Loan Application Amount | $91,856 |
| Highest Mortgage Loan Application Amount | $1,043,000 |
| Average Applicant Income | $84,787 |
| Highest Applicant Income | $1,157,000 |
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Act (HMDA) records River Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Auburn-Opelika, AL | 155 | $ 9,051,000 | $ 58,393 | $ 74,000 |
| Montgomery, AL | 85 | $ 10,644,000 | $ 125,223 | $ 86,000 |
| Gadsden, AL | 33 | $ 4,976,000 | $ 150,787 | $ 139,000 |
| Birmingham-Hoover, AL | 5 | $ 1,091,000 | $ 218,200 | $ 48,000 |
| Columbus, GA-AL | 3 | $ 122,000 | $ 40,666 | $ 27,000 |
| Daphne-Fairhope-Foley, AL | 2 | $ 614,000 | $ 307,000 | $ 197,000 |
| Anniston-Oxford-Jacksonville, AL | 1 | $ 49,000 | $ 49,000 | $ 112,000 |
| Atlanta-Sandy Springs-Roswell, GA | 1 | $ 99,000 | $ 99,000 | $ 0 |
| New Orleans-Metairie, LA | 1 | $ 370,000 | $ 370,000 | $ 131,000 |
| Tuscaloosa, AL | 1 | $ 115,000 | $ 115,000 | $ 153,000 |
Mortgage Loan Application Detail Totals for River Bank & Trust in 2016
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 | 263 | $23,933,000 | $91,000 | $1,011,000 | $78,000 | $1,157,000 |
| Refinancing | 89 | $10,060,000 | $113,000 | $1,043,000 | $109,000 | $823,000 |
| Home Improvement | 25 | $637,000 | $25,000 | $90,000 | $70,000 | $135,000 |
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 | 291 | $27,760,000 | $95,000 | $1,043,000 | $99,000 | $1,157,000 |
| Black or African American | 42 | $2,258,000 | $53,000 | $535,000 | $55,000 | $349,000 |
| Not applicable | 32 | $3,597,000 | $112,000 | $600,000 | $0 | $0 |
| Hispanic | 5 | $265,000 | $53,000 | $89,000 | $38,000 | $64,000 |
| Asian | 5 | $452,000 | $90,000 | $180,000 | $80,000 | $106,000 |
| Not Provided | 2 | $298,000 | $149,000 | $256,000 | $68,000 | $95,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiin 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) | 375 | $33,992,000 | $90,000 | $1,043,000 | $84,000 | $1,157,000 |
| FHA-insured (Federal Housing Administration) | 1 | $103,000 | $103,000 | $103,000 | $96,000 | $96,000 |
| VA-guaranteed (Veterans Administration) | 1 | $535,000 | $535,000 | $535,000 | $176,000 | $176,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 268 | $26,450,000 | $98,000 | $1,043,000 | $96,000 | $1,157,000 |
| Application Denied By Financial Institution | 76 | $4,853,000 | $63,000 | $1,011,000 | $52,000 | $455,000 |
| Application Approved But Not Accepted | 17 | $2,230,000 | $131,000 | $535,000 | $67,000 | $176,000 |
| Application Withdrawn By Applicant | 15 | $1,066,000 | $71,000 | $310,000 | $67,000 | $188,000 |
| File Closed For Incompleteness | 1 | $31,000 | $31,000 | $31,000 | $36,000 | $36,000 |
| 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 | 51 | $2,493,000 | $48,000 | $259,000 | $46,000 | $185,000 |
| Debt-To-Income Ratio | 21 | $1,180,000 | $56,000 | $175,000 | $40,000 | $90,000 |
| Employment History | 2 | $111,000 | $55,000 | $76,000 | $155,000 | $288,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $1,011,000 | $1,011,000 | $1,011,000 | $455,000 | $455,000 |
| Collateral | 1 | $58,000 | $58,000 | $58,000 | $53,000 | $53,000 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into River Bank & Trust's 2016 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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