First Security Bank Mortgage Rates, Fees & Info
Searcy, ARLEI: 254900561K135J92VD38
Tax ID: 71-0159420
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Overview
First Security Bank is a smaller bank specializing in Home Purchase and Refi loans. First Security Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Little Rock, Fayetteville, Searcy, Hot Springs, and Russellville among others. First Security Bank 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. First Security Bank is typically a low fee lendor.Originations
1,982Origination Dollar Volume (All Markets)
$426,820,000Employee count
831Awards
First Security Bank - 2021
First Security Bank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
First Security Bank's average 30 year fixed rate mortgage of loans were
2.95%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.2%.
Relative Fees
First Security Bank's average total fees for a 30 year fixed rate
mortgage are $3,144.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 800 | $176,210,000 | $220,263 | $3,110 | 3.45% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 253 | $75,305,000 | $297,648 | $2,866 | 3.11% |
| Searcy, AR (FHA|USDA|VA) | 274 | $41,650,000 | $152,007 | $3,391 | 3.41% |
| Outside of Metro Areas | 202 | $30,800,000 | $152,475 | $2,802 | 3.36% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 99 | $26,905,000 | $271,768 | $2,613 | 3.44% |
| Russellville, AR (FHA|USDA|VA) | 126 | $23,400,000 | $185,714 | $2,767 | 3.15% |
| Mountain Home, AR (FHA|USDA|VA) | 118 | $16,760,000 | $142,034 | $2,224 | 3.49% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 41 | $16,395,000 | $399,878 | $3,025 | 4.02% |
| JONESBORO, AR (FHA|USDA|VA) | 48 | $10,060,000 | $209,583 | $3,086 | 3.25% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $4,560,000 | $2,280,000 | $21,771 | 4.13% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $0 | 4.75% |
| Batesville, AR (FHA|USDA|VA) | 5 | $795,000 | $159,000 | $3,734 | 2.38% |
| Harrison, AR (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $0 | 3.85% |
| El Dorado, AR (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $3,123 | 3.13% |
| Malvern, AR (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $1,253 | 3.06% |
| Paragould, AR (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,114 | 2.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 3.95% |
| Española, NM (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 4.50% |
| Arkadelphia, AR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,917 | 2.38% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,439 | 2.25% |
| Hope, AR (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.50% |
First Security Bank's top markets include Little Rock, Fayetteville, Searcy, Hot Springs, and Russellville among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,710 | $379,110,000 | $221,702 | $2,697 | 3.50% |
| USDA | 114 | $15,890,000 | $139,386 | $3,047 | 2.57% |
| FHA | 110 | $19,770,000 | $179,727 | $5,186 | 2.67% |
| VA | 48 | $12,050,000 | $251,042 | $4,478 | 2.55% |
For the 2021 period, First Security Bank's most frequently originated loan type of loans were Conventional, with 1,710 originations. Their 2nd most popular type is USDA, with 114 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 1,227 | $255,305,000 | $208,073 | $3,054 | 3.44% |
| Refi | 445 | $120,865,000 | $271,607 | $2,789 | 3.33% |
| Cash Out Refi | 251 | $44,725,000 | $178,187 | $3,137 | 2.92% |
| Home Improvement | 45 | $4,235,000 | $94,111 | $972 | 4.68% |
| Other | 14 | $1,690,000 | $120,714 | $1,939 | 3.53% |
For the 2021, First Security Bank's most frequently cited loan purpose of loans were Home Purchase, with 1,227 originations. The 2nd most popular reason of loans were Refi, with 445 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,039 | $216,395,000 | $208,272 | $3,144 | 2.95% |
| 5 Year | 306 | $84,620,000 | $276,536 | $388 | 4.32% |
| 15 Year | 223 | $44,205,000 | $198,229 | $2,897 | 2.48% |
| Other | 142 | $30,790,000 | $216,831 | $1,208 | 4.34% |
| 3 Year | 103 | $15,325,000 | $148,786 | $413 | 4.83% |
| 1 Year | 93 | $18,495,000 | $198,871 | $1,520 | 4.65% |
| 20 Year | 47 | $9,275,000 | $197,340 | $2,789 | 2.82% |
| 10 Year | 29 | $7,715,000 | $266,034 | $2,685 | 2.71% |
For the 2021, First Security Bank's most frequently cited loan length of loans were 30 Year, with 1,039 originations. The 2nd most popular length of loans were 5 Year, with 306 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 967 | $190,675,000 | $197,182 |
| $1k-2k | 191 | $31,855,000 | $166,780 |
| $2k-3k | 131 | $27,255,000 | $208,053 |
| $3k-4k | 62 | $19,680,000 | $317,419 |
| $5k+ | 8 | $4,200,000 | $525,000 |
$3,144 of loans were First Security Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 967 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 648 | $137,400,000 | $212,037 |
| 4-5% | 498 | $83,140,000 | $166,948 |
| 3-4% | 423 | $132,755,000 | $313,842 |
| <2.5% | 356 | $69,240,000 | $194,494 |
| 5-6% | 50 | $3,710,000 | $74,200 |
| 6-7% | 3 | $115,000 | $38,333 |
| 7-8% | 3 | $215,000 | $71,667 |
During 2021, First Security Bank's average interest rate of loans were 2.95%, while their most frequently originated rate bucket of loans were 2.5-3%, with 648 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 833 | $121,655,000 | $146,044 | $2,742 | 3.30% |
| $200k-400k | 531 | $146,005,000 | $274,962 | $3,604 | 3.02% |
| $100,000 or less | 466 | $29,120,000 | $62,489 | $1,956 | 3.92% |
| $400k-600k | 104 | $49,230,000 | $473,365 | $3,759 | 3.10% |
| $600k-1MM | 28 | $19,370,000 | $691,786 | $3,572 | 3.97% |
| $1MM+ | 20 | $61,440,000 | $3,072,000 | $21,771 | 4.00% |
2021 saw First Security Bank place emphasis on $100k-200k loans with 833 originations, totaling $121,655,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 430 | $50,620,000 | $117,721 | $2,580 | 3.26% |
| $50k-75k | 336 | $52,540,000 | $156,369 | $2,912 | 3.11% |
| $100k-150k | 280 | $64,840,000 | $231,571 | $3,221 | 3.11% |
| $75k-100k | 246 | $48,960,000 | $199,024 | $3,233 | 3.16% |
| $150k-250k | 168 | $47,620,000 | $283,452 | $3,508 | 3.20% |
| $250k+ | 85 | $27,795,000 | $327,000 | $3,752 | 3.42% |
First Security Bank lent most frequently to those with incomes in the $50k or less range, with 430 originations. The second most popular income band? $50k-75k, with 336 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 449 | $87,075,000 | $193,931 | $2,822 | 3.12% |
| 30-36% | 291 | $49,405,000 | $169,777 | $2,809 | 3.11% |
| <20% | 214 | $40,520,000 | $189,346 | $2,687 | 3.31% |
| 42% | 58 | $12,490,000 | $215,345 | $3,529 | 3.05% |
| 39% | 57 | $10,285,000 | $180,439 | $3,411 | 3.08% |
| 43% | 55 | $10,685,000 | $194,273 | $3,333 | 3.05% |
| 37% | 53 | $12,455,000 | $235,000 | $3,106 | 3.16% |
| 36% | 51 | $9,175,000 | $179,902 | $2,710 | 3.02% |
| 41% | 50 | $9,140,000 | $182,800 | $2,807 | 3.09% |
| 40% | 46 | $9,360,000 | $203,478 | $3,276 | 3.05% |
| 38% | 44 | $9,400,000 | $213,636 | $3,248 | 3.20% |
| 44% | 37 | $6,335,000 | $171,216 | $2,964 | 2.98% |
| 49% | 33 | $6,765,000 | $205,000 | $3,911 | 2.82% |
| 50-60% | 26 | $5,360,000 | $206,154 | $4,743 | 3.06% |
| 48% | 23 | $5,125,000 | $222,826 | $3,384 | 2.81% |
| 45% | 22 | $4,990,000 | $226,818 | $3,018 | 3.07% |
| 47% | 19 | $3,805,000 | $200,263 | $3,172 | 2.86% |
| 46% | 18 | $4,210,000 | $233,889 | $4,028 | 2.92% |
| >60% | 3 | $485,000 | $161,667 | $979 | 4.48% |
First Security Bank lent most frequently to those with DTI ratios of 20-30%, with 449 originations. The next most common DTI ratio? 30-36%, with 291 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,460 | $281,110,000 | $192,541 | $3,001 | 3.15% |
| Not applicable | 371 | $119,945,000 | $323,302 | $1,016 | 4.29% |
| Black | 64 | $10,470,000 | $163,594 | $3,126 | 3.79% |
| Not provided | 56 | $10,270,000 | $183,393 | $2,893 | 3.14% |
| Asian | 17 | $2,875,000 | $169,118 | $2,624 | 3.27% |
| American Indian | 12 | $1,890,000 | $157,500 | $2,927 | 2.63% |
| Native Hawaiian | 2 | $260,000 | $130,000 | $3,293 | 3.06% |
Approval Rates
Total approvals of all applications93.41%
First Security Bank has an average approval rate.
Pick Rate
Approvals leading to origination86.37%
First Security Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $35,000 | $35,000 |
| NA | 1,981 | $426,785,000 | $215,439 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,982 | $426,820,000 | $215,348 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 138 | $19,710,000 | $142,826 | $2,018 | 3.64% |
| 40-60% | 286 | $46,440,000 | $162,378 | $2,697 | 3.41% |
| 60-80% | 736 | $182,610,000 | $248,111 | $2,946 | 3.40% |
| 80-100% | 773 | $170,845,000 | $221,016 | $3,171 | 3.27% |
| Over 100% | 20 | $4,150,000 | $207,500 | $6,502 | 3.22% |
| Under 20% | 29 | $3,065,000 | $105,690 | $1,664 | 4.35% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | FHA mortgage | Closing on a mortgage | 1 | 2.9% |
| FIRST HORIZON BANK | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 5.9% |
| FIRST HORIZON BANK | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 5.9% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 6 | 17.6% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 2.9% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 2 | 5.9% |
| FIRST HORIZON BANK | FHA mortgage | Trouble during payment process | 2 | 5.9% |
| FIRST HORIZON BANK | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 2.9% |
| FIRST HORIZON BANK | Conventional home mortgage | Closing on a mortgage | 2 | 5.9% |
| FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 1 | 2.9% |
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 10 | 29.4% |
| FIRST HORIZON BANK | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 2.9% |
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 1 | 2.9% |
| FIRST HORIZON BANK | Other type of mortgage | Closing on a mortgage | 2 | 5.9% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First Security Bank | 1401 Military Road Benton, AR 72015 | Full Service B&M | $40,877 |
| First Security Bank | 10 Bass Pro Drive Little Rock, AR 72201 | Full Service B&M | $13,924 |
| First Security Bank | 100 West Emma Street Springdale, AR 72764 | Full Service B&M | $198,864 |
| First Security Bank | 1001 Front Street Conway, AR 72032 | Full Service B&M | $164,466 |
| First Security Bank | 1007 South Rogers Clarksville, AR 72830 | Full Service B&M | $4,177 |
| First Security Bank | 10421 West Markham, Space A Little Rock, AR 72205 | Full Service B&M | $14,474 |
| First Security Bank | 105 East Ninth Street, Po Box 1906 Mountain Home, AR 72653 | Full Service B&M | $196,591 |
| First Security Bank | 108 South Main Street Bentonville, AR 72712 | Full Service B&M | $8,208 |
| First Security Bank | 205 West Pine Street Cabot, AR 72023 | Full Service B&M | $90,409 |
| First Security Bank | 20697 I-30 Bryant, AR 72022 | Full Service B&M | $56,284 |
| First Security Bank | 209 West Main Street Russellville, AR 72801 | Full Service B&M | $4,781 |
| First Security Bank | 2101 Dave Ward Drive Conway, AR 72032 | Full Service B&M | $50,636 |
| First Security Bank | 214 West Main Street Clarksville, AR 72830 | Full Service B&M | $164,255 |
| First Security Bank | 22 Highway 64 West Beebe, AR 72012 | Full Service B&M | $2,380 |
| First Security Bank | 2255 West Main Street Cabot, AR 72023 | Full Service B&M | $3,786 |
| First Security Bank | 2300 South Walton Boulevard Bentonville, AR 72712 | Full Service B&M | $45,542 |
| First Security Bank | 2500 West Sunset Springdale, AR 72764 | Limited, Trust Office | $0 |
| First Security Bank | 2504 Mccain Boulevard North Little Rock, AR 72116 | Full Service B&M | $53,515 |
| First Security Bank | 2504 West Main Street, Suite G&l Russellville, AR 72801 | Full Service B&M | $22,262 |
| First Security Bank | 2531 W Beebe-Capps Expressway Searcy, AR 72143 | Full Service B&M | $59,806 |
| First Security Bank | 2710 East Mission Blvd Fayetteville, AR 72703 | Full Service B&M | $14,705 |
| First Security Bank | 4204 East Johnson Avenue Jonesboro, AR 72401 | Full Service B&M | $12,507 |
| First Security Bank | 4934 And 4936 West Markham Street Little Rock, AR 72205 | Full Service B&M | $13,641 |
| First Security Bank | 502 Main Street Pangburn, AR 72121 | Full Service B&M | $18,552 |
| First Security Bank | 520 Highway 5 North Mountain Home, AR 72654 | Full Service B&M | $44,640 |
| First Security Bank | 5208 South Thompson Springdale, AR 72764 | Full Service B&M | $27,030 |
| First Security Bank | 521 President Clinton Avenue Little Rock, AR 72201 | Full Service B&M | $31,405 |
| First Security Bank | 5600 Kavanaugh Drive Little Rock, AR 72207 | Full Service B&M | $26,048 |
| First Security Bank | 5619 Highway 5 North Bryant, AR 72022 | Full Service B&M | $57,632 |
| First Security Bank | 601 East First Street Mcrae, AR 72102 | Full Service B&M | $5,512 |
| First Security Bank | 601 East Main Street Mountain View, AR 72560 | Full Service B&M | $24,462 |
| First Security Bank | 613 Southwest Drive Jonesboro, AR 72401 | Full Service B&M | $32,419 |
| First Security Bank | 624 Highway 365 South Mayflower, AR 72106 | Full Service B&M | $27,457 |
| First Security Bank | 640 North Garland Avenue, Suite 208 Fayetteville, AR 72701 | Full Service B&M | $4,702 |
| First Security Bank | 11 North College Avenue Fayetteville, AR 72701 | Full Service B&M | $44,858 |
| First Security Bank | 1110 E Oak Conway, AR 72032 | Full Service B&M | $52,774 |
| First Security Bank | 1118 South Main Street Searcy, AR 72143 | Full Service B&M | $16,232 |
| First Security Bank | 112 Volunteers Parkway Clinton, AR 72031 | Full Service B&M | $53,233 |
| First Security Bank | 11300 Cantrell Ste 100 Little Rock, AR 72201 | Full Service B&M | $23,900 |
| First Security Bank | 1137 Main St. Vilonia, AR 72173 | Full Service B&M | $37,217 |
| First Security Bank | 1140 Highway 25b Heber Springs, AR 72543 | Full Service B&M | $101,408 |
| First Security Bank | 115 North Cravens Street Clarksville, AR 72830 | Limited, Drive-thru | $0 |
| First Security Bank | 12005 Crystal Hill Road Maumelle, AR 72113 | Full Service B&M | $55,600 |
| First Security Bank | 1212 Salem Road Benton, AR 72015 | Full Service B&M | $16,965 |
| First Security Bank | 1219 East Joyce Boulevard Fayetteville, AR 72703 | Full Service B&M | $488,644 |
| First Security Bank | 1341 Stadium Boulevard Jonesboro, AR 72401 | Full Service B&M | $103,238 |
| First Security Bank | 1390 Highway 64 West Conway, AR 72032 | Full Service B&M | $97,041 |
| First Security Bank | 2763 Highway 62 East Mountain Home, AR 72653 | Full Service B&M | $28,058 |
| First Security Bank | 2800 East Race Avenue Searcy, AR 72143 | Limited, Administrative | $0 |
| First Security Bank | 2800 East Race Avenue Searcy, AR 72143 | Full Service B&M | $95,936 |
| First Security Bank | 2863 West Sunset Springdale, AR 72762 | Full Service B&M | $171,642 |
| First Security Bank | 2925 Prince Conway, AR 72032 | Full Service B&M | $155,649 |
| First Security Bank | 314 North Spring Street Searcy, AR 72143 | Full Service B&M | $746,923 |
| First Security Bank | 3333 Pinnacle Hills Pkwy Rogers, AR 72756 | Full Service B&M | $55,175 |
| First Security Bank | 3443 West Wedington Drive Fayetteville, AR 72701 | Full Service B&M | $14,838 |
| First Security Bank | 3901 West Walnut Street Rogers, AR 72756 | Full Service B&M | $54,249 |
| First Security Bank | 400 West Center Street Beebe, AR 72012 | Full Service B&M | $1,180 |
| First Security Bank | 400 West Monroe Lowell, AR 72745 | Full Service B&M | $53,592 |
| First Security Bank | 4129 Central Avenue Hot Springs, AR 71913 | Full Service B&M | $74,993 |
| First Security Bank | 415 East Broadway North Little Rock, AR 72114 | Full Service B&M | $9,025 |
| First Security Bank | 6855 Jfk Boulevard North Little Rock, AR 72114 | Full Service B&M | $27,977 |
| First Security Bank | 7 Wilson Farm Road Greenbrier, AR 72058 | Full Service B&M | $102,807 |
| First Security Bank | 720 Garrison Ave Fort Smith, AR 72901 | Full Service B&M | $77,358 |
| First Security Bank | 7447 Highway 62 West Gassville, AR 72635 | Full Service B&M | $26,855 |
| First Security Bank | 906 South Pine, Suite 14 Cabot, AR 72023 | Full Service B&M | $4,574 |
| First Security Bank | 949 Highway 62 East Mountain Home, AR 72653 | Full Service B&M | $68,230 |
| First Security Bank | 9750 Brockington Road Sherwood, AR 72120 | Full Service B&M | $9,252 |
| First Security Bank | Central Boulevard Bull Shoals, AR 72619 | Full Service B&M | $28,423 |
| First Security Bank | Dewitt Henry Drive Beebe, AR 72012 | Full Service B&M | $157,298 |
| First Security Bank | Jefferson And Van Buren Streets Judsonia, AR 72081 | Full Service B&M | $20,285 |
| First Security Bank | 14512 Highway 12 East Rogers, AR 72757 | Full Service B&M | $19,099 |
| First Security Bank | 15420 Chenal Parkway Little Rock, AR 72211 | Full Service B&M | $14,883 |
| First Security Bank | 1729 Malvern Ave Hot Springs, AR 71901 | Full Service B&M | $6,103 |
| First Security Bank | 1759 Airport Road Hot Springs, AR 71913 | Full Service B&M | $6,603 |
| First Security Bank | 1777 Centerton Avenue Centerton, AR 72719 | Full Service B&M | $6,641 |
| First Security Bank | 17810 Cantrell Road Little Rock, AR 72223 | Full Service B&M | $1,064,655 |
| First Security Bank | 1823 North Reynolds Road Bryant, AR 72022 | Full Service B&M | $29,871 |
| First Security Bank | 191 West Main Street Farmington, AR 72730 | Full Service B&M | $28,494 |
| First Security Bank | 200 South Seventh Street Heber Springs, AR 72543 | Full Service B&M | $16,087 |
| First Security Bank | 2012 East Robinson Avenue Springdale, AR 72764 | Full Service B&M | $17,696 |
| First Security Bank | 205 West Carpenter Benton, AR 72015 | Full Service B&M | $233,339 |
For 2021, First Security Bank had 81 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $236,778 |
| Net interest income | $217,013 |
| Total noninterest income | $37,286 |
| Gross Fiduciary activities income | $4,754 |
| Service charges on deposit accounts | $7,550 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $24,982 |
| Pre-tax net operating income | $143,962 |
| Securities gains (or losses, -) | $-99 |
| Income before extraordinary items | $133,300 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $133,300 |
| Minority interest net income | $0 |
| Net income | $133,300 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $133,392 |
First Security Bank's gross interest income from loans was $236,778,000.
First Security Bank's net interest income from loans was $217,013,000.
First Security Bank's fee based income from loans was $7,550,000.
First Security Bank's net income from loans was $133,300,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $19,765 |
| Provision for credit losses | $6,305 |
| Total noninterest expense | $104,032 |
| Salaries and employee benefits | $59,401 |
| Premises and equipment expense | $13,612 |
| Additional noninterest expense | $31,019 |
| Applicable income taxes | $10,563 |
| Net charge-offs | $3,525 |
| Cash dividends | $10,000 |
First Security Bank's interest expense for loans was $19,765,000.
First Security Bank's payroll and benefits expense were $59,401,000.
First Security Bank's property, plant and equipment expenses $13,612,000.
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 | $6,433,396 |
| Deposits held in domestic offices | $6,433,396 |
| Deposits by Individuals, partnerships, and corporations | $4,990,737 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $1,442,411 |
| Deposits by Commercial banks and other depository institutions in U.S. | $248 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $853,178 |
| Demand deposits | $189,452 |
| Nontransaction accounts | $5,580,218 |
| Money market deposit accounts (MMDAs) | $4,511,079 |
| Other savings deposits (excluding MMDAs) | $507,782 |
| Total time deposits | $561,357 |
| Total time and savings deposits | $6,243,944 |
| Noninterest-bearing deposits | $1,411,813 |
| Interest-bearing deposits | $5,021,583 |
| Retail deposits | $6,289,651 |
| IRAs and Keogh plan accounts | $94,681 |
| Brokered deposits | $11,738 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $8,217,088 |
| Cash & Balances due from depository institutions | $1,399,778 |
| Interest-bearing balances | $1,343,526 |
| Total securities | $3,521,650 |
| Federal funds sold & reverse repurchase | $25,050 |
| Net loans and leases | $3,062,756 |
| Loan and leases loss allowance | $90,876 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $130,902 |
| Other real estate owned | $4,413 |
| Goodwill and other intangibles | $14,636 |
| All other assets | $57,903 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $8,217,088 |
| Total Liabilities | $6,894,021 |
| Total deposits | $6,433,396 |
| Interest-bearing deposits | $5,021,583 |
| Deposits held in domestic offices | $6,433,396 |
| % insured (estimated) | $52 |
| Federal funds purchased and repurchase agreements | $344,635 |
| Trading liabilities | $0 |
| Other borrowed funds | $107,891 |
| Subordinated debt | $0 |
| All other liabilities | $8,099 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $3,062,756 |
| Loan and leases loss allowance | $90,876 |
| Total loans and leases (domestic) | $3,153,632 |
| All real estate loans | $2,287,416 |
| Real estate loans in domestic offices | $2,287,416 |
| Construction and development loans | $460,366 |
| Residential 1-4 family construction | $98,995 |
| Other construction, all land development and other land | $361,371 |
| Loans secured by nonfarm nonresidential properties | $1,235,785 |
| Nonfarm nonresidential secured by owner-occupied properties | $206,992 |
| Commercial real estate & other non-farm, non-residential | $1,028,793 |
| Multifamily residential real estate | $103,065 |
| 1-4 family residential loans | $400,555 |
| Farmland loans | $87,645 |
| Loans held in foreign offices | $0 |
| Farm loans | $9,559 |
| Commercial and industrial loans | $488,326 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $41,373 |
| Credit card loans | $11,169 |
| Related Plans | $2,248 |
| Consumer Auto Loans | $11,411 |
| Other loans to individuals | $16,545 |
| All other loans & leases | $326,958 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $29,041 |
| 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 | $156 |
| Non 1-4 family restructured loans & leases | $6 |
| Total loans and leases (foreign) | $0 |
First Security Bank had $3,062,756,000 of loans outstanding in 2021. $2,287,416,000 of loans were in real estate loans. $460,366,000 of loans were in development loans. $103,065,000 of loans were in multifamily mortgage loans. $400,555,000 of loans were in 1-4 family mortgage loans. $9,559,000 of loans were in farm loans. $11,169,000 of loans were in credit card loans. $11,411,000 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 | 1,268 | $241,418 | $190,393 |
| Nonfarm, nonresidential loans - <$100k | 354 | $13,038 | $36,831 |
| Nonfarm, nonresidential loans - $100-250k | 442 | $53,864 | $121,864 |
| Nonfarm, nonresidential loans - $250k-1MM | 472 | $174,516 | $369,737 |
| Commercial & Industrial, US addressed loans - <$1MM | 2,344 | $125,411 | $53,503 |
| Commercial & Industrial, US addressed loans - <$100k | 1,805 | $37,862 | $20,976 |
| Commercial & Industrial, US addressed loans - $100-250k | 316 | $30,682 | $97,095 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 223 | $56,867 | $255,009 |
| Farmland loans - <$1MM | 386 | $39,645 | $102,707 |
| Farmland loans - <$100k | 198 | $8,118 | $41,000 |
| Farmland loans - $100-250k | 135 | $17,246 | $127,748 |
| Farmland loans - $250k-1MM | 53 | $14,281 | $269,453 |
| Agriculture operations loans - <$1MM | 361 | $7,094 | $19,651 |
| Agriculture operations loans - <$100k | 339 | $5,271 | $15,549 |
| Agriculture operations loans - $100-250k | 17 | $1,275 | $75,000 |
| Agriculture operations loans - $250k-1MM | 5 | $548 | $109,600 |
