First Financial Bank Mortgage Rates, Fees & Info

El Dorado, AR

LEI: 254900CNZPI5WN45KW48

Tax ID: 71-0056740

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
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    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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: Jonesboro, Fort Smith, Fayetteville, Little Rock, and El Dorado among others. We have data for 26 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% 12/16/24
    30 Year Conventional Refi 6.55% 12/16/24
    30 Year Cash-out Refi 6.89% 12/16/24
    30 Year FHA Purchase 7.37% 12/16/24
    30 Year FHA Refi 7.17% 12/16/24
    30 Year VA Purchase 6.35% 12/16/24
    30 Year USDA Purchase 7.16% 12/16/24
    15 Year Conventional Purchase 6.43% 12/16/24
    15 Year Conventional Refi 6.22% 12/16/24
    15 Year Cash-out Refi 6.22% 12/16/24
    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

    852

    Origination Dollar Volume (All Markets)

    $120,160,000

    Employee count

    386 Show all (11) 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
    JONESBORO, AR (FHA|USDA|VA) 177 $26,375,000 $149,011 $4,474 4.14%
    FORT SMITH, AR-OK (FHA|USDA|VA) 159 $23,805,000 $149,717 $3,610 4.18%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 101 $21,915,000 $216,980 $3,515 4.11%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 95 $13,785,000 $145,105 $3,982 3.76%
    Outside of Metro Areas 126 $12,400,000 $98,413 $2,575 5.27%
    El Dorado, AR (FHA|USDA|VA) 120 $12,140,000 $101,167 $3,311 4.91%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 29 $2,825,000 $97,414 $3,111 5.24%
    Paragould, AR (FHA|USDA|VA) 15 $2,055,000 $137,000 $4,697 3.94%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $685,000 $228,333 $6,413 3.92%
    HOT SPRINGS, AR (FHA|USDA|VA) 3 $575,000 $191,667 $2,463 4.46%
    Camden, AR (FHA|USDA|VA) 5 $565,000 $113,000 $4,125 6.10%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $365,000 $365,000 $2,770 4.13%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $355,000 $355,000 $4,883 3.63%
    Blytheville, AR (FHA|USDA|VA) 2 $340,000 $170,000 $5,352 4.13%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $335,000 $335,000 $4,210 4.13%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $245,000 $245,000 $10,167 3.63%
    Hope, AR (FHA|USDA|VA) 1 $235,000 $235,000 $8,500 3.38%
    Starkville, MS (FHA|USDA|VA) 1 $225,000 $225,000 $5,525 3.63%
    Lufkin, TX (FHA|USDA|VA) 1 $205,000 $205,000 $4,864 3.88%
    Ruston, LA (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.88%
    TULSA, OK (FHA|USDA|VA) 1 $135,000 $135,000 $3,038 4.63%
    Fort Payne, AL (FHA|USDA|VA) 1 $125,000 $125,000 $2,120 4.13%
    Magnolia, AR (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.00%
    JACKSON, MS (FHA|USDA|VA) 2 $90,000 $45,000 $0 6.25%
    Batesville, AR (FHA|USDA|VA) 1 $85,000 $85,000 $4,184 4.50%
    Forrest City, AR (FHA|USDA|VA) 3 $55,000 $18,333 $898 6.72%
    First Financial Bank's top markets include Jonesboro, Fort Smith, 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)
  • Tennessee (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against First Financial Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Arkansas Bank and Trust
    Similarity Rank: 392
    First Community Bank
    Similarity Rank: 442
    FIRST WESTERN MORTGAGE, INC.
    Similarity Rank: 522
    Truity Federal Credit Union
    Similarity Rank: 680
    Farmers Bank & Trust Company
    Similarity Rank: 805
    TELCOE FEDERAL CREDIT UNION
    Similarity Rank: 902
    Firstar Bank
    Similarity Rank: 980
    The First National Bank of Fort Smith
    Similarity Rank: 1311
    First Security Bank
    Similarity Rank: 1560
    First National Bank
    Similarity Rank: 1596

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 511 $73,935,000 $144,687 $2,804 4.53%
    FHA 191 $29,035,000 $152,016 $5,478 4.07%
    HELOC 54 $2,050,000 $37,963 n/a 5.77%
    USDA 52 $6,160,000 $118,462 $4,077 3.99%
    VA 44 $8,980,000 $204,091 $4,389 3.85%

    For 2019, First Financial Bank's most frequently originated type of loan was Conventional, with 511 originations. Their 2nd most popular type was FHA, with 191 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 615 $92,035,000 $149,650 $3,984 4.32%
    Refi 81 $16,175,000 $199,691 $2,829 4.21%
    Cash Out Refi 75 $9,515,000 $126,867 $2,898 5.00%
    Home Improvement 57 $1,375,000 $24,123 $742 4.85%
    Other 24 $1,060,000 $44,167 $1,486 5.55%

    For 2019, First Financial Bank's most frequently cited loan purpose was Home Purchase, with 615 originations. The 2nd most popular reason was Refi, with 81 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 629 $105,185,000 $167,226 $3,972 4.19%
    10 Year 67 $2,815,000 $42,015 $1,416 5.78%
    15 Year 60 $6,410,000 $106,833 $2,446 4.45%
    5 Year 40 $880,000 $22,000 $573 4.76%
    20 Year 25 $3,105,000 $124,200 $2,446 4.64%
    Other 22 $1,340,000 $60,909 $1,211 6.12%
    3 Year 5 $115,000 $23,000 $383 5.89%
    1 Year 4 $310,000 $77,500 $0 5.88%

    For 2019, First Financial Bank's most frequently cited loan duration was 30 Year, with 629 originations. The 2nd most popular length was 10 Year, with 67 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 331 $55,245,000 $166,903
    $1k-2k 222 $25,760,000 $116,036
    $2k-3k 126 $22,870,000 $181,508
    $3k-4k 23 $6,165,000 $268,043
    $4k-5k 5 $1,835,000 $367,000
    $5k+ 3 $1,185,000 $395,000

    First Financial Bank's average total fees were $3,972, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 331 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 368 $65,950,000 $179,212
    4-5% 269 $40,615,000 $150,985
    5-6% 145 $9,915,000 $68,379
    6-7% 36 $1,920,000 $53,333
    <2.5% 16 $80,000 $5,000
    7-8% 13 $695,000 $53,462
    2.5-3% 4 $900,000 $225,000
    Over 8% 1 $85,000 $85,000

    During 2019, First Financial Bank's average interest rate for loans was 4.19%, while their most frequently originated rate bucket for loans was 3-4%, with 368 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 370 $54,170,000 $146,405 $3,809 4.22%
    $100,000 or less 300 $15,910,000 $53,033 $2,632 5.02%
    $200k-400k 170 $44,610,000 $262,412 $4,476 3.93%
    $400k-600k 12 $5,470,000 $455,833 $5,432 3.78%

    2019 saw First Financial Bank place emphasis on $100k-200k loans with 370 originations, totaling $54,170,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 255 $22,895,000 $89,784 $3,308 4.33%
    $50k-75k 218 $29,870,000 $137,018 $3,938 4.44%
    $75k-100k 149 $22,835,000 $153,255 $3,854 4.54%
    $100k-150k 141 $26,395,000 $187,199 $4,034 4.41%
    $150k-250k 63 $13,365,000 $212,143 $3,714 4.57%
    $250k+ 12 $3,350,000 $279,167 $3,493 4.17%

    First Financial Bank lent most frequently to those with incomes in the $50k or less range, with 255 originations. The second most popular income band? $50k-75k, with 218 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 216 $32,280,000 $149,444 $3,417 4.40%
    30-36% 168 $24,360,000 $145,000 $3,678 4.39%
    <20% 107 $11,985,000 $112,009 $2,754 4.41%
    37% 35 $5,185,000 $148,143 $4,029 4.39%
    40% 32 $5,230,000 $163,438 $3,409 4.43%
    42% 30 $4,030,000 $134,333 $3,661 4.36%
    38% 30 $4,110,000 $137,000 $4,476 4.38%
    43% 28 $4,360,000 $155,714 $4,549 4.26%
    50-60% 27 $4,365,000 $161,667 $5,303 4.18%
    36% 23 $2,745,000 $119,348 $4,054 4.65%
    44% 21 $3,235,000 $154,048 $4,002 4.14%
    39% 21 $2,975,000 $141,667 $4,498 4.81%
    41% 19 $3,195,000 $168,158 $4,265 4.61%
    47% 14 $2,080,000 $148,571 $4,425 4.41%
    46% 12 $2,120,000 $176,667 $4,468 3.80%
    48% 11 $1,265,000 $115,000 $4,324 4.41%
    45% 11 $1,645,000 $149,545 $5,276 4.64%
    49% 9 $1,525,000 $169,444 $4,457 4.26%
    >60% 6 $350,000 $58,333 $1,375 4.04%

    First Financial Bank lent most frequently to those with DTI ratios of 20-30%, with 216 originations. The next most common DTI ratio? 30-36%, with 168 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 753 $109,005,000 $144,761 $3,692 4.47%
    Black 59 $5,265,000 $89,237 $4,173 4.08%
    Asian 19 $2,945,000 $155,000 $3,656 4.02%
    American Indian 9 $1,415,000 $157,222 $4,550 4.18%
    Not provided 6 $1,290,000 $215,000 $3,056 4.10%
    Not applicable 4 $120,000 $30,000 $0 6.13%
    Native Hawaiian or Islander 1 $65,000 $65,000 $3,092 6.00%
    Other Asian 1 $55,000 $55,000 $1,223 6.75%

    Approval Rates

    Total approvals of all applications
    92.17%

    First Financial Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.97%

    First Financial Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 852 $120,160,000 $141,033

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $65,000 $21,667
    Single Family (1-4 Units):Manufactured 18 $1,140,000 $63,333
    Single Family (1-4 Units):Site-Built 831 $118,955,000 $143,147

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 41 $2,045,000 $49,878 $1,890 5.20%
    40-60% 68 $7,380,000 $108,529 $2,444 4.83%
    60-80% 164 $23,040,000 $140,488 $2,748 4.76%
    80-100% 527 $85,305,000 $161,869 $4,087 4.21%
    Over 100% 5 $1,675,000 $335,000 $11,622 3.60%
    Under 20% 47 $715,000 $15,213 $526 4.69%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRST FINANCIAL BANCORP Conventional home mortgage Trouble during payment process 1 100.0%

    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 $19,231
    First Financial Bank 1501 North University Avenue, Suite 150 Little Rock, AR 72207 Full Service B&M $54,646
    First Financial Bank 214 North Washington El Dorado, AR 71730 Full Service B&M $34,648
    First Financial Bank 2300 East Main El Dorado, AR 71730 Full Service B&M $6,981
    First Financial Bank 315 West Main Street El Dorado, AR 71730 Full Service B&M $346,399
    First Financial Bank 318 Griffith Street El Dorado, AR 71730 Full Service B&M $36,507
    First Financial Bank 500 Timberlane El Dorado, AR 71730 Full Service B&M $39,733
    First Financial Bank 510 Hwy 35 S Carthage, MS 39051 Full Service B&M $123,857
    First Financial Bank 600 Highway 71 South Mena, AR 71953 Full Service B&M $61,777
    First Financial Bank 700 N Robinson St Senatobia, MS 38668 Full Service B&M $86,283

    For 2019, First Financial Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $61,351
    Net interest income $45,794
    Total noninterest income $27,345
    Gross Fiduciary activities income $22
    Service charges on deposit accounts $2,267
    Trading account gains and fees $0
    Additional Noninterest Income $25,056
    Pre-tax net operating income $26,691
    Securities gains (or losses, -) $44
    Income before extraordinary items $26,735
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $26,735
    Minority interest net income $0
    Net income $26,735
    Sale, conversion, retirement of capital stock, net $194
    Net operating income $26,691

    First Financial Bank's gross interest income from loans was $61,351,000.
    First Financial Bank's net interest income from loans was $45,794,000.
    First Financial Bank's fee based income from loans was $2,267,000.
    First Financial Bank's net income from loans was $26,735,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $15,557
    Provision for credit losses $2,300
    Total noninterest expense $44,148
    Salaries and employee benefits $25,415
    Premises and equipment expense $3,319
    Additional noninterest expense $15,414
    Applicable income taxes $0
    Net charge-offs $1,689
    Cash dividends $53,956

    First Financial Bank's interest expense for loans was $15,557,000.
    First Financial Bank's payroll and benefits expense were $25,415,000.
    First Financial Bank's property, plant and equipment expenses $3,319,000.

    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 1.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 3.0%
    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 $1,141,351
    Deposits held in domestic offices $1,141,351
    Deposits by Individuals, partnerships, and corporations $1,080,403
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $59,396
    Deposits by Commercial banks and other depository institutions in U.S. $1,552
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $412,237
    Demand deposits $193,820
    Nontransaction accounts $729,114
    Money market deposit accounts (MMDAs) $103,108
    Other savings deposits (excluding MMDAs) $101,702
    Total time deposits $524,304
    Total time and savings deposits $947,531
    Noninterest-bearing deposits $189,166
    Interest-bearing deposits $952,185
    Retail deposits $975,742
    IRAs and Keogh plan accounts $65,807
    Brokered deposits $49,318
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,416,850
    Cash & Balances due from depository institutions $188,962
    Interest-bearing balances $158,910
    Total securities $70,850
    Federal funds sold & reverse repurchase $13,382
    Net loans and leases $1,043,681
    Loan and leases loss allowance $11,097
    Trading account assets $0
    Bank premises and fixed assets $16,412
    Other real estate owned $9,623
    Goodwill and other intangibles $26,571
    All other assets $47,369

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,416,850
    Total Liabilities $1,251,093
    Total deposits $1,141,351
    Interest-bearing deposits $952,185
    Deposits held in domestic offices $1,141,351
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $872
    Trading liabilities $0
    Other borrowed funds $98,000
    Subordinated debt $0
    All other liabilities $10,870

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,043,681
    Loan and leases loss allowance $11,097
    Total loans and leases (domestic) $1,054,778
    All real estate loans $878,137
    Real estate loans in domestic offices $878,137
    Construction and development loans $117,324
    Residential 1-4 family construction $5,162
    Other construction, all land development and other land $112,162
    Loans secured by nonfarm nonresidential properties $98,172
    Nonfarm nonresidential secured by owner-occupied properties $55,726
    Commercial real estate & other non-farm, non-residential $42,446
    Multifamily residential real estate $3,876
    1-4 family residential loans $75,445
    Farmland loans $583,320
    Loans held in foreign offices $0
    Farm loans $30,728
    Commercial and industrial loans $112,637
    To non-U.S. addressees $0
    Loans to individuals $27,221
    Credit card loans $0
    Related Plans $179
    Consumer Auto Loans $6,474
    Other loans to individuals $20,568
    All other loans & leases $8,061
    Loans to foreign governments and official institutions $0
    Other loans $5,559
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,659
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $17,426
    Non 1-4 family restructured loans & leases $17,382
    Total loans and leases (foreign) $0

    First Financial Bank had $1,043,681,000 of loans outstanding in 2019. $878,137,000 of loans were in real estate loans. $117,324,000 of loans were in development loans. $3,876,000 of loans were in multifamily mortgage loans. $75,445,000 of loans were in 1-4 family mortgage loans. $30,728,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,474,000 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 327 $48,093 $147,073
    Nonfarm, nonresidential loans - <$100k 149 $5,262 $35,315
    Nonfarm, nonresidential loans - $100-250k 95 $12,160 $128,000
    Nonfarm, nonresidential loans - $250k-1MM 83 $30,671 $369,530
    Commercial & Industrial, US addressed loans - <$1MM 958 $74,515 $77,782
    Commercial & Industrial, US addressed loans - <$100k 682 $14,490 $21,246
    Commercial & Industrial, US addressed loans - $100-250k 146 $17,475 $119,692
    Commercial & Industrial, US addressed loans - $250k-1MM 130 $42,550 $327,308
    Farmland loans - <$1MM 2,014 $180,762 $89,753
    Farmland loans - <$100k 1,063 $33,726 $31,727
    Farmland loans - $100-250k 640 $68,072 $106,363
    Farmland loans - $250k-1MM 311 $78,964 $253,904
    Agriculture operations loans - <$1MM 301 $15,266 $50,718
    Agriculture operations loans - <$100k 209 $3,357 $16,062
    Agriculture operations loans - $100-250k 42 $4,844 $115,333
    Agriculture operations loans - $250k-1MM 50 $7,065 $141,300