Signature Bank Of Arkansas Mortgage Rates, Fees & Info

Fayetteville, AR

LEI: 25490046GL77VSFSYG24

Tax ID: 71-0182340

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Signature Bank Of Arkansas is a smaller bank specializing in Home Purchase and Refi loans. Signature Bank Of Arkansas has a high proportion of conventional loans. Their top markets include Fayetteville, Russellville, Little Rock, Jonesboro, and Hot Springs among others. Signature Bank Of Arkansas has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

599

Origination Dollar Volume (All Markets)

$182,235,000

Employee count

154

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 560 $169,290,000 $302,304 $0 0.00%
Outside of Metro Areas 20 $6,580,000 $329,000 $0 0.00%
Russellville, AR (FHA|USDA|VA) 1 $1,955,000 $1,955,000 $0 0.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 7 $1,765,000 $252,143 $0 0.00%
JONESBORO, AR (FHA|USDA|VA) 3 $965,000 $321,667 $0 0.00%
HOT SPRINGS, AR (FHA|USDA|VA) 2 $590,000 $295,000 $0 0.00%
FORT SMITH, AR-OK (FHA|USDA|VA) 2 $520,000 $260,000 $0 0.00%
TULSA, OK (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
Harrison, AR (FHA|USDA|VA) 2 $170,000 $85,000 $0 0.00%
Mountain Home, AR (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%

Signature Bank Of Arkansas's top markets include Fayetteville, Russellville, Little Rock, Jonesboro, and Hot Springs among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 599 $182,235,000 $304,232 $0 0.00%

For the 2021 period, Signature Bank Of Arkansas's most frequently originated loan type of loans were Conventional, with 599 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 291 $88,355,000 $303,625 $0 0.00%
Refi 191 $62,395,000 $326,675 $0 0.00%
Cash Out Refi 113 $29,995,000 $265,442 $0 0.00%
Home Improvement 4 $1,490,000 $372,500 $0 0.00%

For the 2021, Signature Bank Of Arkansas's most frequently cited loan purpose of loans were Home Purchase, with 291 originations. The 2nd most popular reason of loans were Refi, with 191 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 599 $182,235,000 $304,232 $0 0.00%

For the 2021, Signature Bank Of Arkansas's most frequently cited loan length of loans were Other, with 599 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 274 $76,080,000 $277,664 $0 0.00%
$100k-200k 182 $27,920,000 $153,407 $0 0.00%
$400k-600k 75 $35,945,000 $479,267 $0 0.00%
$100,000 or less 41 $2,965,000 $72,317 $0 0.00%
$600k-1MM 14 $10,500,000 $750,000 $0 0.00%
$1MM+ 13 $28,825,000 $2,217,308 $0 0.00%

2021 saw Signature Bank Of Arkansas place emphasis on $200k-400k loans with 274 originations, totaling $76,080,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 122 $32,110,000 $263,197 $0 0.00%
$150k-250k 108 $35,620,000 $329,815 $0 0.00%
$50k-75k 81 $16,145,000 $199,321 $0 0.00%
$75k-100k 72 $16,900,000 $234,722 $0 0.00%
$250k+ 64 $25,720,000 $401,875 $0 0.00%
$50k or less 35 $5,475,000 $156,429 $0 0.00%

Signature Bank Of Arkansas lent most frequently to those with incomes in the $100k-150k range, with 122 originations. The second most popular income band? $150k-250k, with 108 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 599 $182,235,000 $304,232 $0 0.00%

Signature Bank Of Arkansas lent most frequently to those with DTI ratios of Exempt%, with 599 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 433 $117,935,000 $272,367 $0 0.00%
Not applicable 109 $48,665,000 $446,468 $0 0.00%
Not provided 44 $13,260,000 $301,364 $0 0.00%
Asian 8 $1,400,000 $175,000 $0 0.00%
Black 4 $680,000 $170,000 $0 0.00%
American Indian 1 $295,000 $295,000 $0 0.00%

Approval Rates

Total approvals of all applications
95.25%

Signature Bank Of Arkansas has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
89.02%

Signature Bank Of Arkansas has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 599 $182,235,000 $304,232

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
599 $182,235,000 $304,232

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Signature Bank of Arkansas 1071 Har-Ber Lakes Drive Springdale, AR 72762 Full Service B&M $126,377
Signature Bank of Arkansas 3712 Pinnacle Hills Parkway Rogers, AR 72758 Full Service B&M $41,376
Signature Bank of Arkansas 3878 North Crossover Road, Suite 20 Fayetteville, AR 72703 Full Service B&M $307,332
Signature Bank of Arkansas 700 S. E. Walton Boulevard, Suite #2 Bentonville, AR 72712 Full Service B&M $108,277
Signature Bank of Arkansas 130 South New Orleans Brinkley, AR 72021 Full Service B&M $88,115
Signature Bank of Arkansas 1405 North Main Street Brinkley, AR 72021 Full Service B&M $15,807

For 2021, Signature Bank Of Arkansas had 6 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $32,767
Net interest income $28,940
Total noninterest income $7,201
Gross Fiduciary activities income $0
Service charges on deposit accounts $517
Trading account gains and fees $0
Additional Noninterest Income $6,684
Pre-tax net operating income $10,374
Securities gains (or losses, -) $0
Income before extraordinary items $7,704
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $7,704
Minority interest net income $0
Net income $7,704
Sale, conversion, retirement of capital stock, net $465
Net operating income $7,704

Signature Bank Of Arkansas's gross interest income from loans was $32,767,000.
Signature Bank Of Arkansas's net interest income from loans was $28,940,000.
Signature Bank Of Arkansas's fee based income from loans was $517,000.
Signature Bank Of Arkansas's net income from loans was $7,704,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $3,827
Provision for credit losses $0
Total noninterest expense $25,767
Salaries and employee benefits $16,660
Premises and equipment expense $3,037
Additional noninterest expense $6,070
Applicable income taxes $2,670
Net charge-offs $461
Cash dividends $1,133

Signature Bank Of Arkansas's interest expense for loans was $3,827,000.
Signature Bank Of Arkansas's payroll and benefits expense were $16,660,000.
Signature Bank Of Arkansas's property, plant and equipment expenses $3,037,000.

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 $727,549
Deposits held in domestic offices $727,549
Deposits by Individuals, partnerships, and corporations $698,793
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $24,003
Deposits by Commercial banks and other depository institutions in U.S. $4,753
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $336,304
Demand deposits $229,261
Nontransaction accounts $391,245
Money market deposit accounts (MMDAs) $181,838
Other savings deposits (excluding MMDAs) $25,556
Total time deposits $183,851
Total time and savings deposits $498,288
Noninterest-bearing deposits $233,164
Interest-bearing deposits $494,385
Retail deposits $641,708
IRAs and Keogh plan accounts $18,262
Brokered deposits $35,158
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $851,707
Cash & Balances due from depository institutions $45,952
Interest-bearing balances $34,625
Total securities $80,597
Federal funds sold & reverse repurchase $0
Net loans and leases $688,133
Loan and leases loss allowance $8,225
Trading account assets $0
Bank premises and fixed assets $26,714
Other real estate owned $711
Goodwill and other intangibles $0
All other assets $9,600

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $851,707
Total Liabilities $762,714
Total deposits $727,549
Interest-bearing deposits $494,385
Deposits held in domestic offices $727,549
% insured (estimated) $63
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $12,265
Subordinated debt $0
All other liabilities $22,900

Issued Loan Types

Type Value (in 000's)
Net loans and leases $688,133
Loan and leases loss allowance $8,225
Total loans and leases (domestic) $696,358
All real estate loans $577,645
Real estate loans in domestic offices $577,645
Construction and development loans $132,718
Residential 1-4 family construction $66,211
Other construction, all land development and other land $66,507
Loans secured by nonfarm nonresidential properties $235,805
Nonfarm nonresidential secured by owner-occupied properties $89,849
Commercial real estate & other non-farm, non-residential $145,956
Multifamily residential real estate $24,584
1-4 family residential loans $171,693
Farmland loans $12,845
Loans held in foreign offices $0
Farm loans $3,775
Commercial and industrial loans $100,946
To non-U.S. addressees $0
Loans to individuals $13,941
Credit card loans $1,169
Related Plans $3,925
Consumer Auto Loans $3,793
Other loans to individuals $5,054
All other loans & leases $51
Loans to foreign governments and official institutions $0
Other loans $51
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

Signature Bank of Arkansas had $688,133,000 of loans outstanding in 2021. $577,645,000 of loans were in real estate loans. $132,718,000 of loans were in development loans. $24,584,000 of loans were in multifamily mortgage loans. $171,693,000 of loans were in 1-4 family mortgage loans. $3,775,000 of loans were in farm loans. $1,169,000 of loans were in credit card loans. $3,793,000 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 153 $44,793 $292,765
Nonfarm, nonresidential loans - <$100k 26 $903 $34,731
Nonfarm, nonresidential loans - $100-250k 43 $6,403 $148,907
Nonfarm, nonresidential loans - $250k-1MM 84 $37,487 $446,274
Commercial & Industrial, US addressed loans - <$1MM 621 $54,888 $88,386
Commercial & Industrial, US addressed loans - <$100k 393 $9,525 $24,237
Commercial & Industrial, US addressed loans - $100-250k 126 $12,664 $100,508
Commercial & Industrial, US addressed loans - $250k-1MM 102 $32,699 $320,578
Farmland loans - <$1MM 48 $8,588 $178,917
Farmland loans - <$100k 10 $376 $37,600
Farmland loans - $100-250k 23 $3,221 $140,043
Farmland loans - $250k-1MM 15 $4,991 $332,733
Agriculture operations loans - <$1MM 35 $1,586 $45,314
Agriculture operations loans - <$100k 26 $354 $13,615
Agriculture operations loans - $100-250k 4 $136 $34,000
Agriculture operations loans - $250k-1MM 5 $1,096 $219,200