River Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, River Bank & Trust of Prattville, AL reported 211 mortgage applications totaling $33.4 million, down 25% from 2008. The average application was for $158,265, and applicants reported an average income of $84,535. 75% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Montgomery, AL (186), Birmingham-Hoover, AL (3) and Auburn-Opelika, AL (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 | 211 |
| Total Mortgage Loan Application Amount | $33,394,000 |
| Average Mortgage Loan Application Amount | $158,265 |
| Highest Mortgage Loan Application Amount | $752,000 |
| Average Applicant Income | $84,535 |
| Highest Applicant Income | $588,000 |
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Act (HMDA) records River Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for River Bank & Trust in 2009
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 |
|---|---|---|---|---|---|---|
| Refinancing | 119 | $23,281,000 | $195,000 | $698,000 | $96,000 | $588,000 |
| Home Purchase | 85 | $9,921,000 | $116,000 | $752,000 | $71,000 | $230,000 |
| Home Improvement | 7 | $192,000 | $27,000 | $60,000 | $54,000 | $117,000 |
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 | 174 | $27,874,000 | $160,000 | $698,000 | $91,000 | $588,000 |
| Black or African American | 18 | $2,449,000 | $136,000 | $385,000 | $53,000 | $111,000 |
| Not applicable | 12 | $1,487,000 | $123,000 | $752,000 | $0 | $0 |
| Not Provided | 5 | $1,540,000 | $308,000 | $417,000 | $185,000 | $327,000 |
| Hispanic | 2 | $44,000 | $22,000 | $22,000 | $10,000 | $10,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 177 | $27,764,000 | $156,000 | $752,000 | $89,000 | $588,000 |
| FHA-insured (Federal Housing Administration) | 24 | $3,094,000 | $128,000 | $241,000 | $51,000 | $100,000 |
| VA-guaranteed (Veterans Administration) | 10 | $2,536,000 | $253,000 | $385,000 | $76,000 | $160,000 |
| 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 | 159 | $24,429,000 | $153,000 | $752,000 | $88,000 | $588,000 |
| Application Denied By Financial Institution | 24 | $3,927,000 | $163,000 | $417,000 | $68,000 | $305,000 |
| Application Withdrawn By Applicant | 14 | $2,950,000 | $210,000 | $417,000 | $106,000 | $327,000 |
| Preapproval Denied by Financial Institution | 9 | $686,000 | $76,000 | $126,000 | $33,000 | $54,000 |
| Application Approved But Not Accepted | 5 | $1,402,000 | $280,000 | $360,000 | $92,000 | $192,000 |
| 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 |
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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 14 | $2,437,000 | $174,000 | $417,000 | $71,000 | $305,000 |
| Credit History | 12 | $1,287,000 | $107,000 | $400,000 | $39,000 | $100,000 |
| Collateral | 6 | $781,000 | $130,000 | $313,000 | $72,000 | $152,000 |
| Other | 1 | $108,000 | $108,000 | $108,000 | $43,000 | $43,000 |
| Unverifiable Information | 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 2009 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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