Signature Bank Of Arkansas Mortgage Rates, Fees & Info

Fayetteville, AR

LEI: 25490046GL77VSFSYG24

Tax ID: 71-0182340

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Mortgage Data

Bank Data

Review & Overview

Signature Bank Of Arkansas is a smaller bank specializing in Home Purchase loans. Signature Bank Of Arkansas has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Fayetteville, Jonesboro, Little Rock, Memphis, and Harrison among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Signature Bank Of Arkansas 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.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.79% 3/28/24
30 Year Conventional Refi 6.90% 3/28/24
30 Year Cash-out Refi 6.74% 3/28/24
30 Year VA Purchase 5.88% 3/28/24
30 Year VA Refi 6.27% 3/28/24
30 Year USDA Purchase 6.62% 3/28/24
15 Year Conventional Purchase 5.74% 3/28/24
15 Year Conventional Refi 6.11% 3/28/24
15 Year Cash-out Refi 6.11% 3/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Signature Bank Of Arkansas Mortgage Calculator






Your Estimates

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The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

327

Origination Dollar Volume (All Markets)

$83,725,000

Employee count

140

Top 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
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 305 $79,235,000 $259,787 $0 0.00%
JONESBORO, AR (FHA|USDA|VA) 5 $2,275,000 $455,000 $0 0.00%
Outside of Metro Areas 10 $1,020,000 $102,000 $0 0.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
Harrison, AR (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
Russellville, AR (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
FORT SMITH, AR-OK (FHA|USDA|VA) 2 $140,000 $70,000 $0 0.00%
JOPLIN, MO (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Signature Bank Of Arkansas's top markets include Fayetteville, Jonesboro, Little Rock, Memphis, and Harrison among others.

Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 326 $83,580,000 $256,380 $0 0.00%
    USDA 1 $145,000 $145,000 $0 0.00%

    For 2019, Signature Bank Of Arkansas's most frequently originated type of loan was Conventional, with 326 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 245 $68,265,000 $278,633 $0 0.00%
    Refi 59 $12,685,000 $215,000 $0 0.00%
    Cash Out Refi 11 $1,575,000 $143,182 $0 0.00%
    Home Improvement 6 $570,000 $95,000 $0 0.00%
    Other 6 $630,000 $105,000 $0 0.00%

    For 2019, Signature Bank Of Arkansas's most frequently cited loan purpose was Home Purchase, with 245 originations. The 2nd most popular reason was Refi, with 59 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 327 $83,725,000 $256,040 $0 0.00%

    For 2019, Signature Bank Of Arkansas's most frequently cited loan duration was Other, with 327 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 119 $18,075,000 $151,891 $0 0.00%
    $200k-400k 105 $29,005,000 $276,238 $0 0.00%
    $100,000 or less 68 $4,220,000 $62,059 $0 0.00%
    $400k-600k 22 $10,280,000 $467,273 $0 0.00%
    $1MM+ 10 $19,950,000 $1,995,000 $0 0.00%
    $600k-1MM 3 $2,195,000 $731,667 $0 0.00%

    2019 saw Signature Bank Of Arkansas place emphasis on $100k-200k loans with 119 originations, totaling $18,075,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 52 $13,300,000 $255,769 $0 0.00%
    $100k-150k 48 $10,210,000 $212,708 $0 0.00%
    $50k-75k 40 $5,730,000 $143,250 $0 0.00%
    $75k-100k 38 $7,630,000 $200,789 $0 0.00%
    $250k+ 25 $8,685,000 $347,400 $0 0.00%
    $50k or less 18 $2,580,000 $143,333 $0 0.00%

    Signature Bank Of Arkansas lent most frequently to those with incomes in the $150k-250k range, with 52 originations. The second most popular income band? $100k-150k, with 48 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 327 $83,725,000 $256,040 $0 0.00%

    Signature Bank Of Arkansas lent most frequently to those with DTI ratios of Exempt%, with 327 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 207 $43,985,000 $212,488 $0 0.00%
    Not applicable 95 $33,595,000 $353,632 $0 0.00%
    Asian 12 $2,600,000 $216,667 $0 0.00%
    Not provided 9 $2,435,000 $270,556 $0 0.00%
    American Indian 3 $915,000 $305,000 $0 0.00%
    Black 1 $195,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.97%

    Signature Bank Of Arkansas has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.24%

    Signature Bank Of Arkansas has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 327 $83,725,000 $256,040

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $495,000 $495,000
    Multifamily:Site-Built 15 $21,585,000 $1,439,000
    Single Family (1-4 Units):Manufactured 8 $420,000 $52,500
    Single Family (1-4 Units):Site-Built 303 $61,225,000 $202,063

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Signature Home Lending Inc FHA mortgage Closing on a mortgage 1 100.0%

    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 $65,842
    Signature Bank of Arkansas 130 South New Orleans Brinkley, AR 72021 Full Service B&M $87,012
    Signature Bank of Arkansas 1405 North Main Street Brinkley, AR 72021 Full Service B&M $15,066
    Signature Bank of Arkansas 3712 Pinnacle Hills Parkway Rogers, AR 72758 Full Service B&M $9,670
    Signature Bank of Arkansas 3878 North Crossover Road, Suite 20 Fayetteville, AR 72703 Full Service B&M $275,826
    Signature Bank of Arkansas 700 S. E. Walton Boulevard, Suite #2 Bentonville, AR 72712 Full Service B&M $88,632

    For 2019, Signature Bank Of Arkansas had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $32,053
    Net interest income $24,727
    Total noninterest income $4,176
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $697
    Trading account gains and fees $0
    Additional Noninterest Income $3,479
    Pre-tax net operating income $7,719
    Securities gains (or losses, -) $0
    Income before extraordinary items $5,744
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,744
    Minority interest net income $0
    Net income $5,744
    Sale, conversion, retirement of capital stock, net $527
    Net operating income $5,744

    Signature Bank Of Arkansas's gross interest income from loans was $32,053,000.
    Signature Bank Of Arkansas's net interest income from loans was $24,727,000.
    Signature Bank Of Arkansas's fee based income from loans was $697,000.
    Signature Bank Of Arkansas's net income from loans was $5,744,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,326
    Provision for credit losses $500
    Total noninterest expense $20,684
    Salaries and employee benefits $13,313
    Premises and equipment expense $2,745
    Additional noninterest expense $4,626
    Applicable income taxes $1,975
    Net charge-offs $769
    Cash dividends $1,200

    Signature Bank Of Arkansas's interest expense for loans was $7,326,000.
    Signature Bank Of Arkansas's payroll and benefits expense were $13,313,000.
    Signature Bank Of Arkansas's property, plant and equipment expenses $2,745,000.

    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 1.0%
    HELOC loans 8.0%
    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 $577,070
    Deposits held in domestic offices $577,070
    Deposits by Individuals, partnerships, and corporations $516,238
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $31,263
    Deposits by Commercial banks and other depository institutions in U.S. $29,569
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $183,288
    Demand deposits $119,285
    Nontransaction accounts $393,782
    Money market deposit accounts (MMDAs) $87,273
    Other savings deposits (excluding MMDAs) $13,529
    Total time deposits $292,980
    Total time and savings deposits $457,785
    Noninterest-bearing deposits $119,286
    Interest-bearing deposits $457,784
    Retail deposits $452,778
    IRAs and Keogh plan accounts $21,361
    Brokered deposits $71,897
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $701,538
    Cash & Balances due from depository institutions $39,077
    Interest-bearing balances $30,960
    Total securities $56,494
    Federal funds sold & reverse repurchase $0
    Net loans and leases $571,465
    Loan and leases loss allowance $6,696
    Trading account assets $0
    Bank premises and fixed assets $24,667
    Other real estate owned $488
    Goodwill and other intangibles $0
    All other assets $9,347

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $701,538
    Total Liabilities $623,866
    Total deposits $577,070
    Interest-bearing deposits $457,784
    Deposits held in domestic offices $577,070
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $27,471
    Subordinated debt $0
    All other liabilities $19,325

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $571,465
    Loan and leases loss allowance $6,696
    Total loans and leases (domestic) $578,161
    All real estate loans $473,819
    Real estate loans in domestic offices $473,819
    Construction and development loans $91,364
    Residential 1-4 family construction $43,230
    Other construction, all land development and other land $48,134
    Loans secured by nonfarm nonresidential properties $213,829
    Nonfarm nonresidential secured by owner-occupied properties $86,417
    Commercial real estate & other non-farm, non-residential $127,412
    Multifamily residential real estate $24,397
    1-4 family residential loans $133,227
    Farmland loans $11,002
    Loans held in foreign offices $0
    Farm loans $4,923
    Commercial and industrial loans $72,589
    To non-U.S. addressees $0
    Loans to individuals $24,269
    Credit card loans $1,002
    Related Plans $3,730
    Consumer Auto Loans $2,561
    Other loans to individuals $16,976
    All other loans & leases $2,561
    Loans to foreign governments and official institutions $0
    Other loans $2,561
    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 $571,465,000 of loans outstanding in 2019. $473,819,000 of loans were in real estate loans. $91,364,000 of loans were in development loans. $24,397,000 of loans were in multifamily mortgage loans. $133,227,000 of loans were in 1-4 family mortgage loans. $4,923,000 of loans were in farm loans. $1,002,000 of loans were in credit card loans. $2,561,000 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 135 $37,073 $274,615
    Nonfarm, nonresidential loans - <$100k 20 $855 $42,750
    Nonfarm, nonresidential loans - $100-250k 44 $6,375 $144,886
    Nonfarm, nonresidential loans - $250k-1MM 71 $29,843 $420,324
    Commercial & Industrial, US addressed loans - <$1MM 441 $39,826 $90,308
    Commercial & Industrial, US addressed loans - <$100k 292 $7,536 $25,808
    Commercial & Industrial, US addressed loans - $100-250k 84 $10,235 $121,845
    Commercial & Industrial, US addressed loans - $250k-1MM 65 $22,055 $339,308
    Farmland loans - <$1MM 38 $7,025 $184,868
    Farmland loans - <$100k 12 $551 $45,917
    Farmland loans - $100-250k 15 $2,228 $148,533
    Farmland loans - $250k-1MM 11 $4,246 $386,000
    Agriculture operations loans - <$1MM 37 $2,274 $61,459
    Agriculture operations loans - <$100k 28 $553 $19,750
    Agriculture operations loans - $100-250k 3 $179 $59,667
    Agriculture operations loans - $250k-1MM 6 $1,542 $257,000