First Financial Bank Mortgage Rates, Fees & Info

El Dorado, AR

LEI: 254900CNZPI5WN45KW48

Tax ID: 71-0056740

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Mortgage Data

Bank Data

Review & Overview

First Financial Bank is a smaller bank specializing in Home Purchase loans. First Financial Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Fort Smith, Jonesboro, Fayetteville, Little Rock, and El Dorado among others. We have data for 25 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Financial 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. First Financial Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.70% 3/24/24
30 Year Conventional Refi 6.55% 3/24/24
30 Year Cash-out Refi 6.89% 3/24/24
30 Year FHA Purchase 7.37% 3/24/24
30 Year FHA Refi 7.17% 3/24/24
30 Year VA Purchase 6.35% 3/24/24
30 Year USDA Purchase 7.16% 3/24/24
15 Year Conventional Purchase 6.43% 3/24/24
15 Year Conventional Refi 6.22% 3/24/24
15 Year Cash-out Refi 6.22% 3/24/24
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.

First Financial Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from First Financial Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

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


Originations

842

Origination Dollar Volume (All Markets)

$118,830,000

Employee count

313 Show all (6) awards

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
FORT SMITH, AR-OK (FHA|USDA|VA) 177 $27,355,000 $154,548 $4,837 4.52%
JONESBORO, AR (FHA|USDA|VA) 158 $22,510,000 $142,468 $4,321 4.51%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 75 $15,765,000 $210,200 $3,463 4.63%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 93 $12,665,000 $136,183 $4,170 4.36%
Outside of Metro Areas 123 $12,445,000 $101,179 $2,753 4.97%
El Dorado, AR (FHA|USDA|VA) 119 $12,115,000 $101,807 $3,131 5.11%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 55 $9,195,000 $167,182 $5,035 4.89%
Paragould, AR (FHA|USDA|VA) 13 $1,855,000 $142,692 $4,871 4.61%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $980,000 $490,000 $7,816 4.69%
Oxford, MS (FHA|USDA|VA) 3 $615,000 $205,000 $3,027 4.88%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $385,000 $385,000 $6,703 4.75%
Camden, AR (FHA|USDA|VA) 5 $375,000 $75,000 $2,952 4.93%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $325,000 $325,000 $6,313 4.75%
JACKSON, MS (FHA|USDA|VA) 3 $315,000 $105,000 $2,205 5.17%
Searcy, AR (FHA|USDA|VA) 2 $290,000 $145,000 $4,557 4.19%
Tupelo, MS (FHA|USDA|VA) 2 $270,000 $135,000 $3,373 4.69%
HATTIESBURG, MS (FHA|USDA|VA) 1 $265,000 $265,000 $3,030 4.75%
Blytheville, AR (FHA|USDA|VA) 2 $250,000 $125,000 $5,726 4.06%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $205,000 $205,000 $4,748 4.88%
Starkville, MS (FHA|USDA|VA) 1 $185,000 $185,000 $0 5.25%
Malvern, AR (FHA|USDA|VA) 1 $135,000 $135,000 $3,497 4.38%
Kennett, MO (FHA|USDA|VA) 1 $125,000 $125,000 $4,750 3.63%
Laurel, MS (FHA|USDA|VA) 1 $125,000 $125,000 $4,983 4.38%
Batesville, AR (FHA|USDA|VA) 1 $45,000 $45,000 $2,195 4.88%
Magnolia, AR (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.50%
First Financial Bank's top markets include Fort Smith, Jonesboro, Fayetteville, Little Rock, and El Dorado among others.

Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 460 $68,550,000 $149,022 $3,041 4.77%
    FHA 200 $29,270,000 $146,350 $5,681 4.47%
    USDA 92 $10,700,000 $116,304 $4,189 4.57%
    HELOC 47 $2,065,000 $43,936 n/a 5.46%
    VA 43 $8,245,000 $191,744 $5,626 4.31%

    For 2018, First Financial Bank's most frequently originated type of loan was Conventional, with 460 originations. Their 2nd most popular type was FHA, with 200 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 666 $103,060,000 $154,745 $4,233 4.64%
    Home Improvement 51 $1,555,000 $30,490 $931 4.51%
    Refi 51 $6,905,000 $135,392 $2,807 4.95%
    Cash Out Refi 47 $6,045,000 $128,617 $3,807 5.01%
    Other 27 $1,265,000 $46,852 $1,178 5.37%

    For 2018, First Financial Bank's most frequently cited loan purpose was Home Purchase, with 666 originations. The 2nd most popular reason was Home Improvement, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 643 $104,475,000 $162,481 $4,333 4.62%
    10 Year 66 $3,140,000 $47,576 $1,184 5.38%
    15 Year 50 $5,420,000 $108,400 $2,590 4.70%
    5 Year 28 $620,000 $22,143 $340 3.66%
    20 Year 23 $2,765,000 $120,217 $3,162 4.80%
    Other 23 $1,835,000 $79,783 $1,894 5.46%
    3 Year 7 $345,000 $49,286 $0 6.18%
    1 Year 2 $230,000 $115,000 $0 5.38%

    For 2018, First Financial Bank's most frequently cited loan duration was 30 Year, with 643 originations. The 2nd most popular length was 10 Year, with 66 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 241 $28,905,000 $119,938
    $<1k 240 $37,560,000 $156,500
    $2k-3k 189 $32,415,000 $171,508
    $3k-4k 45 $11,025,000 $245,000
    $4k-5k 6 $1,980,000 $330,000

    First Financial Bank's average total fees were $4,333, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 241 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 560 $87,550,000 $156,339
    5-6% 164 $16,560,000 $100,976
    3-4% 83 $13,575,000 $163,554
    6-7% 21 $1,075,000 $51,190
    <2.5% 14 $70,000 $5,000

    During 2018, First Financial Bank's average interest rate for loans was 4.62%, while their most frequently originated rate bucket for loans was 4-5%, with 560 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 370 $53,590,000 $144,838 $4,318 4.58%
    $100,000 or less 290 $16,940,000 $58,414 $2,788 4.91%
    $200k-400k 174 $44,490,000 $255,690 $4,956 4.58%
    $400k-600k 7 $3,085,000 $440,714 $2,602 4.57%
    $600k-1MM 1 $725,000 $725,000 $7,263 4.88%

    2018 saw First Financial Bank place emphasis on $100k-200k loans with 370 originations, totaling $53,590,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 269 $26,015,000 $96,710 $3,712 4.60%
    $50k-75k 229 $29,735,000 $129,847 $4,256 4.64%
    $75k-100k 143 $24,215,000 $169,336 $4,340 4.72%
    $100k-150k 104 $19,870,000 $191,058 $4,227 4.66%
    $150k-250k 67 $14,345,000 $214,104 $3,965 4.97%
    $250k+ 15 $3,355,000 $223,667 $4,089 5.09%

    First Financial Bank lent most frequently to those with incomes in the $50k or less range, with 269 originations. The second most popular income band? $50k-75k, with 229 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 202 $27,970,000 $138,465 $3,772 4.62%
    30-36% 160 $24,400,000 $152,500 $4,130 4.66%
    <20% 91 $10,235,000 $112,473 $2,802 4.77%
    41% 39 $5,715,000 $146,538 $4,514 4.49%
    50-60% 37 $5,785,000 $156,351 $6,052 4.57%
    43% 35 $4,255,000 $121,571 $4,159 4.66%
    40% 34 $4,730,000 $139,118 $3,905 4.61%
    36% 28 $3,590,000 $128,214 $4,039 4.70%
    38% 26 $4,240,000 $163,077 $4,130 4.73%
    37% 24 $3,690,000 $153,750 $4,580 4.55%
    44% 23 $3,985,000 $173,261 $4,302 4.79%
    45% 22 $4,080,000 $185,455 $4,777 4.43%
    39% 22 $2,970,000 $135,000 $4,724 4.84%
    47% 18 $2,900,000 $161,111 $4,495 4.56%
    42% 16 $2,450,000 $153,125 $4,258 4.64%
    46% 12 $2,040,000 $170,000 $4,977 4.73%
    49% 10 $1,470,000 $147,000 $4,280 4.55%
    48% 8 $1,650,000 $206,250 $3,696 4.77%
    >60% 5 $755,000 $151,000 $1,929 5.55%

    First Financial Bank lent most frequently to those with DTI ratios of 20-30%, with 202 originations. The next most common DTI ratio? 30-36%, with 160 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 752 $109,200,000 $145,213 $4,084 4.70%
    Black 45 $4,065,000 $90,333 $3,674 4.24%
    Asian 12 $1,930,000 $160,833 $3,846 4.95%
    American Indian 16 $1,910,000 $119,375 $4,208 4.40%
    Not applicable 13 $1,235,000 $95,000 $0 5.81%
    Not provided 2 $270,000 $135,000 $5,667 4.19%
    Native Hawaiian or Islander 2 $220,000 $110,000 $2,906 4.63%

    Approval Rates

    Total approvals of all applications
    93.92%

    First Financial Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.34%

    First Financial Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 842 $118,830,000 $141,128

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 16 $650,000 $40,625
    Single Family (1-4 Units):Site-Built 826 $118,180,000 $143,075

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 42 $1,980,000 $47,143 $1,287 4.83%
    40-60% 47 $5,215,000 $110,957 $2,721 4.75%
    60-80% 190 $27,820,000 $146,421 $3,211 4.93%
    80-100% 518 $80,130,000 $154,691 $4,436 4.62%
    Over 100% 14 $2,890,000 $206,429 $8,762 4.48%
    Under 20% 31 $795,000 $25,645 $356 4.34%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Incorrect information on your report 1 7.1%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 7.1%
    FIRST HORIZON BANK FHA mortgage Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 5 35.7%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Problem with a credit reporting company's investigation into an existing problem 1 7.1%
    FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 3 21.4%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Financial Bank 122 West Seventh Street Smackover, AR 71762 Full Service B&M $18,184
    First Financial Bank 1501 North University Avenue Little Rock, AR 72207 Full Service B&M $34,465
    First Financial Bank 214 North Washington El Dorado, AR 71730 Full Service B&M $28,007
    First Financial Bank 2300 East Main El Dorado, AR 71730 Full Service B&M $6,725
    First Financial Bank 315 West Main Street El Dorado, AR 71730 Full Service B&M $332,247
    First Financial Bank 318 Griffith Street El Dorado, AR 71730 Full Service B&M $38,775
    First Financial Bank 500 Timberlane El Dorado, AR 71730 Full Service B&M $38,444
    First Financial Bank 510 Hwy 35 S Carthage, MS 39051 Full Service B&M $115,625
    First Financial Bank 600 Highway 71 South Mena, AR 71953 Full Service B&M $54,447
    First Financial Bank 700 N Robinson St Senatobia, MS 38668 Full Service B&M $85,548

    For 2018, First Financial Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $53,966
    Net interest income $42,925
    Total noninterest income $22,701
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,888
    Trading account gains and fees $0
    Additional Noninterest Income $20,813
    Pre-tax net operating income $25,132
    Securities gains (or losses, -) $0
    Income before extraordinary items $25,132
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $25,132
    Minority interest net income $0
    Net income $25,132
    Sale, conversion, retirement of capital stock, net $242
    Net operating income $25,132

    First Financial Bank's gross interest income from loans was $53,966,000.
    First Financial Bank's net interest income from loans was $42,925,000.
    First Financial Bank's fee based income from loans was $1,888,000.
    First Financial Bank's net income from loans was $25,132,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $11,041
    Provision for credit losses $1,300
    Total noninterest expense $39,194
    Salaries and employee benefits $23,840
    Premises and equipment expense $2,892
    Additional noninterest expense $12,462
    Applicable income taxes $0
    Net charge-offs $1,287
    Cash dividends $16,294

    First Financial Bank's interest expense for loans was $11,041,000.
    First Financial Bank's payroll and benefits expense were $23,840,000.
    First Financial Bank's property, plant and equipment expenses $2,892,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 3.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 1.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $788,908
    Deposits held in domestic offices $788,908
    Deposits by Individuals, partnerships, and corporations $771,676
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $16,685
    Deposits by Commercial banks and other depository institutions in U.S. $547
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $225,285
    Demand deposits $85,729
    Nontransaction accounts $563,623
    Money market deposit accounts (MMDAs) $82,837
    Other savings deposits (excluding MMDAs) $56,547
    Total time deposits $424,239
    Total time and savings deposits $703,179
    Noninterest-bearing deposits $85,479
    Interest-bearing deposits $703,429
    Retail deposits $653,681
    IRAs and Keogh plan accounts $43,856
    Brokered deposits $52,991
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,044,399
    Cash & Balances due from depository institutions $21,122
    Interest-bearing balances $6,937
    Total securities $22,414
    Federal funds sold & reverse repurchase $33,279
    Net loans and leases $904,513
    Loan and leases loss allowance $10,486
    Trading account assets $0
    Bank premises and fixed assets $10,153
    Other real estate owned $6,276
    Goodwill and other intangibles $7,701
    All other assets $38,941

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,044,399
    Total Liabilities $911,834
    Total deposits $788,908
    Interest-bearing deposits $703,429
    Deposits held in domestic offices $788,908
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $621
    Trading liabilities $0
    Other borrowed funds $113,000
    Subordinated debt $0
    All other liabilities $9,305

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $904,513
    Loan and leases loss allowance $10,486
    Total loans and leases (domestic) $914,999
    All real estate loans $806,717
    Real estate loans in domestic offices $806,717
    Construction and development loans $141,241
    Residential 1-4 family construction $4,500
    Other construction, all land development and other land $136,741
    Loans secured by nonfarm nonresidential properties $49,148
    Nonfarm nonresidential secured by owner-occupied properties $39,026
    Commercial real estate & other non-farm, non-residential $10,122
    Multifamily residential real estate $0
    1-4 family residential loans $62,406
    Farmland loans $553,922
    Loans held in foreign offices $0
    Farm loans $2,200
    Commercial and industrial loans $82,503
    To non-U.S. addressees $0
    Loans to individuals $23,836
    Credit card loans $0
    Related Plans $39
    Consumer Auto Loans $6,273
    Other loans to individuals $17,524
    All other loans & leases $184
    Loans to foreign governments and official institutions $0
    Other loans $79
    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 $7,076
    Non 1-4 family restructured loans & leases $7,076
    Total loans and leases (foreign) $0

    First Financial Bank had $904,513,000 of loans outstanding in 2018. $806,717,000 of loans were in real estate loans. $141,241,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $62,406,000 of loans were in 1-4 family mortgage loans. $2,200,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,273,000 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 211 $32,749 $155,209
    Nonfarm, nonresidential loans - <$100k 88 $3,212 $36,500
    Nonfarm, nonresidential loans - $100-250k 59 $7,522 $127,492
    Nonfarm, nonresidential loans - $250k-1MM 64 $22,015 $343,984
    Commercial & Industrial, US addressed loans - <$1MM 647 $58,243 $90,020
    Commercial & Industrial, US addressed loans - <$100k 451 $11,125 $24,667
    Commercial & Industrial, US addressed loans - $100-250k 99 $11,781 $119,000
    Commercial & Industrial, US addressed loans - $250k-1MM 97 $35,337 $364,299
    Farmland loans - <$1MM 1,985 $173,363 $87,337
    Farmland loans - <$100k 1,070 $32,974 $30,817
    Farmland loans - $100-250k 617 $65,021 $105,382
    Farmland loans - $250k-1MM 298 $75,368 $252,913
    Agriculture operations loans - <$1MM 140 $2,200 $15,714
    Agriculture operations loans - <$100k 136 $1,848 $13,588
    Agriculture operations loans - $100-250k 2 $135 $67,500
    Agriculture operations loans - $250k-1MM 2 $217 $108,500