River Bank & Trust Mortgage Lending & HMDA Data, 2024
In 2024, River Bank & Trust of Prattville, AL reported 1,507 mortgage applications totaling $312.2 million, down 18% from 2023. The average application was for $207,196, and applicants reported an average income of $199,940. 83% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Auburn-Opelika, AL (241), Montgomery, AL (234) and Birmingham-Hoover, AL (204) (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 | 1,507 |
| Total Mortgage Loan Application Amount | $312,245,000 |
| Average Mortgage Loan Application Amount | $207,196 |
| Highest Mortgage Loan Application Amount | $2,655,000 |
| Average Applicant Income | $199,940 |
| Highest Applicant Income | $4,673,000 |
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Act (HMDA) records River Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2024
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 | 674 | $189,220,000 | $280,000 | $2,655,000 | $203,000 | $3,856,000 |
| Refinancing | 278 | $57,600,000 | $207,000 | $1,955,000 | $221,000 | $4,673,000 |
| Home Improvement | 273 | $29,345,000 | $107,000 | $1,005,000 | $182,000 | $1,625,000 |
| Other Purpose | 255 | $28,875,000 | $113,000 | $575,000 | $190,000 | $1,453,000 |
| Cash-out Refinancing | 27 | $7,205,000 | $266,000 | $695,000 | $182,000 | $720,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 1,173 | $236,595,000 | $201,000 | $2,655,000 | $201,000 | $4,673,000 |
| Not applicable | 160 | $33,530,000 | $209,000 | $1,955,000 | $0 | $0 |
| Black or African American | 71 | $12,175,000 | $171,000 | $1,325,000 | $141,000 | $587,000 |
| Not Provided | 41 | $11,465,000 | $279,000 | $1,505,000 | $215,000 | $1,031,000 |
| Hispanic | 30 | $10,610,000 | $353,000 | $1,675,000 | $215,000 | $755,000 |
| Asian | 24 | $5,880,000 | $245,000 | $845,000 | $208,000 | $952,000 |
| American Indian or Alaskan Native | 4 | $840,000 | $210,000 | $425,000 | $110,000 | $236,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,150,000 | $287,000 | $505,000 | $614,000 | $1,158,000 |
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) | 1,474 | $302,410,000 | $205,000 | $2,655,000 | $202,000 | $4,673,000 |
| FHA-insured (Federal Housing Administration) | 18 | $4,740,000 | $263,000 | $695,000 | $93,000 | $236,000 |
| VA-guaranteed (Veterans Administration) | 14 | $5,030,000 | $359,000 | $635,000 | $144,000 | $236,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $65,000 | $65,000 | $65,000 | $29,000 | $29,000 |
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 | 1,249 | $243,595,000 | $195,000 | $2,655,000 | $210,000 | $4,673,000 |
| Application Withdrawn By Applicant | 155 | $52,425,000 | $338,000 | $1,605,000 | $185,000 | $1,100,000 |
| Application Denied By Financial Institution | 80 | $9,350,000 | $116,000 | $425,000 | $87,000 | $335,000 |
| Application Approved But Not Accepted | 22 | $6,810,000 | $309,000 | $1,505,000 | $197,000 | $1,031,000 |
| File Closed For Incompleteness | 1 | $65,000 | $65,000 | $65,000 | $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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,427 | $302,895,000 | $212,000 | $2,655,000 | $206,000 | $4,673,000 |
| Debt-To-Income Ratio | 38 | $4,890,000 | $128,000 | $405,000 | $91,000 | $335,000 |
| Credit History | 36 | $3,210,000 | $89,000 | $345,000 | $87,000 | $200,000 |
| Collateral | 2 | $160,000 | $80,000 | $135,000 | $42,000 | $47,000 |
| Other | 2 | $770,000 | $385,000 | $425,000 | $93,000 | $93,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $320,000 | $160,000 | $225,000 | $47,000 | $53,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into River Bank & Trust's 2024 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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