Focus Bank Mortgage Rates, Fees & Info
Charleston, MOLEI: 25490000VM5YTLF4NM50
Tax ID: 43-0271450
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Mortgage Data
Bank Data
Review & Overview
Focus Bank is a smaller bank specializing in Home Purchase and Refi loans. Focus Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Jonesboro, Paragould, Poplar Bluff, Sikeston, and Cape Girardeau among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)Focus Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
383Origination Dollar Volume (All Markets)
$53,795,000Employee count
169Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| JONESBORO, AR (FHA|USDA|VA) | 115 | $22,065,000 | $191,870 | $0 | 0.00% |
| Paragould, AR (FHA|USDA|VA) | 134 | $14,410,000 | $107,537 | $0 | 0.00% |
| Outside of Metro Areas | 61 | $5,405,000 | $88,607 | $0 | 0.00% |
| Poplar Bluff, MO (FHA|USDA|VA) | 2 | $2,870,000 | $1,435,000 | $0 | 0.00% |
| Sikeston, MO (FHA|USDA|VA) | 39 | $2,855,000 | $73,205 | $0 | 0.00% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 12 | $2,140,000 | $178,333 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $1,855,000 | $1,855,000 | $0 | 0.00% |
| Mountain Home, AR (FHA|USDA|VA) | 9 | $925,000 | $102,778 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Batesville, AR (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Blytheville, AR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Kennett, MO (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 0.00% |
Product Mix
For 2018, Focus Bank's most frequently originated type of loan was Conventional, with 369 originations. Their 2nd most popular type was FHA, with 8 originations.
Loan Reason
For 2018, Focus Bank's most frequently cited loan purpose was Home Purchase, with 224 originations. The 2nd most popular reason was Refi, with 94 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 383 | $53,795,000 | $140,457 | $0 | 0.00% |
For 2018, Focus Bank's most frequently cited loan duration was Other, with 383 originations.
Loan Sizing
2018 saw Focus Bank place emphasis on $100,000 or less loans with 196 originations, totaling $9,300,000 in origination value.
Applicant Income
Focus Bank lent most frequently to those with incomes in the $50k or less range, with 82 originations. The second most popular income band? $50k-75k, with 71 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 383 | $53,795,000 | $140,457 | $0 | 0.00% |
Focus Bank lent most frequently to those with DTI ratios of Exempt%, with 383 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.62%
Focus Bank has an average approval rate.
Pick Rate
Approvals leading to origination89.03%
Focus Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 383 | $53,795,000 | $140,457 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Focus Bank | 101 South Main Street Charleston, MO 63834 | Full Service B&M | $123,345 |
| Focus Bank | 101 South Main Charleston, MO 63834 | Full Service B&M | $2,451 |
| Focus Bank | 1150 South Main Sikeston, MO 63801 | Full Service B&M | $58,438 |
| Focus Bank | 2525 Red Wolf Blvd. Jonesboro, AR 72401 | Full Service B&M | $93,282 |
| Focus Bank | 3005 W Kings Highway Paragould, AR 72450 | Full Service B&M | $87,703 |
| Focus Bank | 3100 Linwood Drive Paragould, AR 72450 | Full Service B&M | $54,144 |
| Focus Bank | 323 Ward Avenue Caruthersville, MO 63830 | Full Service B&M | $47,950 |
| Focus Bank | 3313 East Johnson Avenue Jonesboro, AR 72401 | Full Service B&M | $1,230 |
| Focus Bank | 406 Southwest Drive Jonesboro, AR 72401 | Full Service B&M | $71,607 |
| Focus Bank | 4950 South Highway 105 East Prairie, MO 63845 | Full Service B&M | $29,288 |
| Focus Bank | 4th And Walker Caruthersville, MO 63830 | Limited, Drive-thru | $0 |
| Focus Bank | 7281 Highway 34 East Marmaduke, AR 72443 | Limited, Drive-thru | $16,752 |
For 2018, Focus Bank had 12 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $33,578 |
| Net interest income | $25,950 |
| Total noninterest income | $4,142 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $2,161 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,981 |
| Pre-tax net operating income | $10,109 |
| Securities gains (or losses, -) | $-21 |
| Income before extraordinary items | $10,088 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $10,088 |
| Minority interest net income | $0 |
| Net income | $10,088 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $10,109 |
Focus Bank's gross interest income from loans was $33,578,000.
Focus Bank's net interest income from loans was $25,950,000.
Focus Bank's fee based income from loans was $2,161,000.
Focus Bank's net income from loans was $10,088,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $7,628 |
| Provision for credit losses | $174 |
| Total noninterest expense | $19,809 |
| Salaries and employee benefits | $11,130 |
| Premises and equipment expense | $3,031 |
| Additional noninterest expense | $5,648 |
| Applicable income taxes | $0 |
| Net charge-offs | $545 |
| Cash dividends | $8,300 |
Focus Bank's interest expense for loans was $7,628,000.
Focus Bank's payroll and benefits expense were $11,130,000.
Focus Bank's property, plant and equipment expenses $3,031,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $560,272 |
| Deposits held in domestic offices | $560,272 |
| Deposits by Individuals, partnerships, and corporations | $534,178 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $25,139 |
| Deposits by Commercial banks and other depository institutions in U.S. | $956 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $43,688 |
| Demand deposits | $26,283 |
| Nontransaction accounts | $516,585 |
| Money market deposit accounts (MMDAs) | $20,011 |
| Other savings deposits (excluding MMDAs) | $202,851 |
| Total time deposits | $293,723 |
| Total time and savings deposits | $533,990 |
| Noninterest-bearing deposits | $88,555 |
| Interest-bearing deposits | $471,717 |
| Retail deposits | $463,451 |
| IRAs and Keogh plan accounts | $30,331 |
| Brokered deposits | $23,983 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $738,397 |
| Cash & Balances due from depository institutions | $31,738 |
| Interest-bearing balances | $18,802 |
| Total securities | $47,377 |
| Federal funds sold & reverse repurchase | $4 |
| Net loans and leases | $618,966 |
| Loan and leases loss allowance | $7,785 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $16,393 |
| Other real estate owned | $1,296 |
| Goodwill and other intangibles | $276 |
| All other assets | $22,347 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $738,397 |
| Total Liabilities | $657,287 |
| Total deposits | $560,272 |
| Interest-bearing deposits | $471,717 |
| Deposits held in domestic offices | $560,272 |
| % insured (estimated) | $86 |
| Federal funds purchased and repurchase agreements | $1,970 |
| Trading liabilities | $0 |
| Other borrowed funds | $89,961 |
| Subordinated debt | $0 |
| All other liabilities | $5,084 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $618,966 |
| Loan and leases loss allowance | $7,785 |
| Total loans and leases (domestic) | $626,751 |
| All real estate loans | $479,677 |
| Real estate loans in domestic offices | $479,677 |
| Construction and development loans | $37,138 |
| Residential 1-4 family construction | $16,069 |
| Other construction, all land development and other land | $21,069 |
| Loans secured by nonfarm nonresidential properties | $114,799 |
| Nonfarm nonresidential secured by owner-occupied properties | $77,748 |
| Commercial real estate & other non-farm, non-residential | $37,051 |
| Multifamily residential real estate | $7,920 |
| 1-4 family residential loans | $210,092 |
| Farmland loans | $109,728 |
| Loans held in foreign offices | $0 |
| Farm loans | $64,179 |
| Commercial and industrial loans | $49,341 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $15,016 |
| Credit card loans | $0 |
| Related Plans | $27 |
| Consumer Auto Loans | $5,589 |
| Other loans to individuals | $9,400 |
| All other loans & leases | $18,538 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $286 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Focus Bank had $618,966,000 of loans outstanding in 2018. $479,677,000 of loans were in real estate loans. $37,138,000 of loans were in development loans. $7,920,000 of loans were in multifamily mortgage loans. $210,092,000 of loans were in 1-4 family mortgage loans. $64,179,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,589,000 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 313 | $42,746 | $136,569 |
| Nonfarm, nonresidential loans - <$100k | 133 | $5,292 | $39,789 |
| Nonfarm, nonresidential loans - $100-250k | 111 | $13,785 | $124,189 |
| Nonfarm, nonresidential loans - $250k-1MM | 69 | $23,669 | $343,029 |
| Commercial & Industrial, US addressed loans - <$1MM | 770 | $36,412 | $47,288 |
| Commercial & Industrial, US addressed loans - <$100k | 651 | $13,289 | $20,413 |
| Commercial & Industrial, US addressed loans - $100-250k | 73 | $7,266 | $99,534 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 46 | $15,857 | $344,717 |
| Farmland loans - <$1MM | 124 | $18,870 | $152,177 |
| Farmland loans - <$100k | 35 | $1,367 | $39,057 |
| Farmland loans - $100-250k | 53 | $7,210 | $136,038 |
| Farmland loans - $250k-1MM | 36 | $10,293 | $285,917 |
| Agriculture operations loans - <$1MM | 199 | $18,412 | $92,523 |
| Agriculture operations loans - <$100k | 103 | $2,919 | $28,340 |
| Agriculture operations loans - $100-250k | 62 | $7,032 | $113,419 |
| Agriculture operations loans - $250k-1MM | 34 | $8,461 | $248,853 |