Planters First Bank Mortgage Rates, Fees & Info

Hawkinsville, GA

LEI: 254900GZAWIVGN884M22

Tax ID: 58-0206260

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

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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

    Planters First Bank is a smaller bank specializing in Home Purchase loans. Planters First Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Warner Robins, Macon, Albany, Athens, and Cordele among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Planters First 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. Planters First 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.

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    Originations

    634

    Origination Dollar Volume (All Markets)

    $110,290,000

    Employee count

    103 Show all (5) 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
    WARNER ROBINS, GA (FHA|USDA|VA) 283 $52,695,000 $186,201 $4,154 4.59%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 113 $17,695,000 $156,593 $4,057 4.82%
    ALBANY, GA (FHA|USDA|VA) 38 $9,330,000 $245,526 $3,751 4.76%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 42 $7,580,000 $180,476 $3,478 4.66%
    Cordele, GA (FHA|USDA|VA) 44 $5,540,000 $125,909 $3,521 5.38%
    Outside of Metro Areas 46 $4,600,000 $100,000 $2,863 5.29%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 20 $4,600,000 $230,000 $4,704 4.64%
    Americus, GA (FHA|USDA|VA) 5 $1,265,000 $253,000 $2,159 5.10%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $820,000 $410,000 $4,025 4.99%
    Jefferson, GA (FHA|USDA|VA) 3 $655,000 $218,333 $5,160 4.67%
    Dublin, GA (FHA|USDA|VA) 6 $630,000 $105,000 $3,406 4.83%
    Milledgeville, GA (FHA|USDA|VA) 4 $560,000 $140,000 $2,667 4.81%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $530,000 $265,000 $4,040 4.50%
    Thomasville, GA (FHA|USDA|VA) 2 $440,000 $220,000 $5,208 4.56%
    Fitzgerald, GA (FHA|USDA|VA) 8 $400,000 $50,000 $2,187 6.54%
    Statesboro, GA (FHA|USDA|VA) 1 $395,000 $395,000 $7,643 4.25%
    Tifton, GA (FHA|USDA|VA) 3 $395,000 $131,667 $3,746 4.88%
    BRUNSWICK, GA (FHA|USDA|VA) 2 $390,000 $195,000 $3,566 5.11%
    VALDOSTA, GA (FHA|USDA|VA) 2 $340,000 $170,000 $2,244 4.50%
    Moultrie, GA (FHA|USDA|VA) 2 $270,000 $135,000 $6,113 5.19%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $255,000 $255,000 $3,619 4.25%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $225,000 $225,000 $6,173 4.38%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $195,000 $195,000 $4,739 4.75%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $185,000 $185,000 $4,250 4.88%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $155,000 $155,000 $5,807 4.50%
    Cornelia, GA (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.65%
    Planters First Bank's top markets include Warner Robins, Macon, Albany, Athens, and Cordele among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Similar Lenders

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

    First American Bank and Trust Company
    Similarity Rank: 360
    First National Bank of Griffin
    Similarity Rank: 592
    GMFS LLC
    Similarity Rank: 594
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 614
    Hamilton State Bank
    Similarity Rank: 1194
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 1495
    LGE COMMUNITY
    Similarity Rank: 1960
    Victory Community Bank
    Similarity Rank: 2030
    CREDIT UNION OF GEORGIA
    Similarity Rank: 2366
    East West Bank
    Similarity Rank: 3192

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 349 $58,535,000 $167,722 $3,196 5.01%
    VA 146 $30,800,000 $210,959 $3,890 4.32%
    FHA 125 $19,295,000 $154,360 $5,781 4.72%
    USDA 14 $1,660,000 $118,571 $4,209 4.75%

    For 2018, Planters First Bank's most frequently originated type of loan was Conventional, with 349 originations. Their 2nd most popular type was VA, with 146 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 534 $95,460,000 $178,764 $4,084 4.64%
    Refi 74 $7,130,000 $96,351 $2,437 5.81%
    Cash Out Refi 19 $3,635,000 $191,316 $3,652 4.68%
    Home Improvement 7 $4,065,000 $580,714 $2,113 5.28%

    For 2018, Planters First Bank's most frequently cited loan purpose was Home Purchase, with 534 originations. The 2nd most popular reason was Refi, with 74 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 506 $91,780,000 $181,383 $4,139 4.64%
    Other 43 $5,445,000 $126,628 $1,982 5.78%
    15 Year 35 $4,895,000 $139,857 $2,907 4.64%
    5 Year 20 $2,200,000 $110,000 $1,503 5.84%
    20 Year 14 $2,290,000 $163,571 $2,645 5.09%
    10 Year 6 $210,000 $35,000 $1,847 5.40%
    1 Year 5 $865,000 $173,000 $4,266 5.05%
    3 Year 4 $2,270,000 $567,500 $0 6.30%
    30+ year 1 $335,000 $335,000 $7,884 4.50%

    For 2018, Planters First Bank's most frequently cited loan duration was 30 Year, with 506 originations. The 2nd most popular length was Other, with 43 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 453 $78,355,000 $172,969
    $1k-2k 63 $8,605,000 $136,587
    $2k-3k 46 $8,700,000 $189,130
    $3k-4k 10 $2,600,000 $260,000
    $4k-5k 6 $1,860,000 $310,000

    Planters First Bank's average total fees were $4,139, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 453 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 439 $82,445,000 $187,802
    5-6% 121 $13,975,000 $115,496
    3-4% 51 $12,755,000 $250,098
    6-7% 13 $815,000 $62,692
    7-8% 7 $185,000 $26,429
    Over 8% 3 $115,000 $38,333

    During 2018, Planters First Bank's average interest rate for loans was 4.64%, while their most frequently originated rate bucket for loans was 4-5%, with 439 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 295 $43,755,000 $148,322 $3,834 4.68%
    $200k-400k 178 $46,600,000 $261,798 $4,839 4.52%
    $100,000 or less 143 $8,925,000 $62,413 $2,785 5.39%
    $400k-600k 14 $6,130,000 $437,857 $4,299 4.52%
    $1MM+ 3 $4,275,000 $1,425,000 $0 4.41%
    $600k-1MM 1 $605,000 $605,000 $0 4.99%

    2018 saw Planters First Bank place emphasis on $100k-200k loans with 295 originations, totaling $43,755,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 195 $31,055,000 $159,256 $4,250 4.73%
    $50k or less 144 $15,920,000 $110,556 $3,444 4.90%
    $75k-100k 114 $21,770,000 $190,965 $3,820 4.63%
    $100k-150k 103 $21,215,000 $205,971 $4,452 4.78%
    $150k-250k 43 $9,685,000 $225,233 $3,590 4.74%
    $250k+ 11 $2,975,000 $270,455 $3,395 4.92%

    Planters First Bank lent most frequently to those with incomes in the $50k-75k range, with 195 originations. The second most popular income band? $50k or less, with 144 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 134 $21,080,000 $157,313 $3,489 4.76%
    30-36% 104 $17,460,000 $167,885 $3,904 4.79%
    <20% 48 $6,760,000 $140,833 $3,283 4.86%
    50-60% 39 $6,995,000 $179,359 $5,316 4.71%
    41% 31 $6,295,000 $203,065 $4,133 4.64%
    45% 28 $5,520,000 $197,143 $4,226 4.81%
    37% 28 $4,580,000 $163,571 $3,780 4.72%
    39% 26 $4,650,000 $178,846 $4,133 4.59%
    40% 25 $3,965,000 $158,600 $3,693 4.84%
    42% 22 $4,010,000 $182,273 $4,423 4.78%
    44% 18 $2,680,000 $148,889 $4,307 4.79%
    36% 18 $3,010,000 $167,222 $3,823 4.75%
    43% 16 $2,610,000 $163,125 $4,166 4.70%
    48% 16 $2,510,000 $156,875 $3,458 4.56%
    38% 14 $2,890,000 $206,429 $3,491 4.47%
    46% 14 $2,690,000 $192,143 $5,390 4.91%
    47% 10 $2,190,000 $219,000 $4,304 4.46%
    49% 10 $1,670,000 $167,000 $5,502 4.88%
    >60% 8 $990,000 $123,750 $2,763 6.03%

    Planters First Bank lent most frequently to those with DTI ratios of 20-30%, with 134 originations. The next most common DTI ratio? 30-36%, with 104 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 388 $64,220,000 $165,515 $3,912 4.81%
    Not provided 112 $21,540,000 $192,321 $4,030 4.63%
    Black 96 $14,440,000 $150,417 $4,103 4.80%
    Not applicable 24 $7,670,000 $319,583 $0 5.39%
    Asian 11 $1,835,000 $166,818 $3,091 4.45%
    Native Hawaiian or Islander 2 $430,000 $215,000 $3,613 4.69%
    American Indian 1 $155,000 $155,000 $6,041 5.13%

    Approval Rates

    Total approvals of all applications
    94.53%

    Planters First Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.60%

    Planters First Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 634 $110,290,000 $173,959

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $3,960,000 $990,000
    Single Family (1-4 Units):Manufactured 17 $755,000 $44,412
    Single Family (1-4 Units):Site-Built 613 $105,575,000 $172,227

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $580,000 $48,333 $1,864 5.69%
    40-60% 36 $5,630,000 $156,389 $2,775 5.32%
    60-80% 121 $21,385,000 $176,736 $3,264 4.86%
    80-100% 413 $71,435,000 $172,966 $3,955 4.70%
    Over 100% 44 $9,810,000 $222,955 $6,520 4.38%
    Under 20% 8 $1,450,000 $181,250 $1,184 6.82%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    PLANET HOME LENDING, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 1.9%
    PLANET HOME LENDING, LLC Conventional home mortgage Incorrect information on your report 1 1.9%
    PLANET HOME LENDING, LLC Conventional home mortgage Struggling to pay mortgage 14 26.9%
    PLANET HOME LENDING, LLC Conventional home mortgage Trouble during payment process 13 25.0%
    PLANET HOME LENDING, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 3.8%
    PLANET HOME LENDING, LLC FHA mortgage Struggling to pay mortgage 3 5.8%
    PLANET HOME LENDING, LLC FHA mortgage Trouble during payment process 4 7.7%
    PLANET HOME LENDING, LLC Home equity loan or line of credit (HELOC) Trouble during payment process 1 1.9%
    PLANET HOME LENDING, LLC Other type of mortgage Struggling to pay mortgage 1 1.9%
    PLANET HOME LENDING, LLC Other type of mortgage Trouble during payment process 1 1.9%
    PLANET HOME LENDING, LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 3.8%
    PLANET HOME LENDING, LLC VA mortgage Closing on a mortgage 2 3.8%
    PLANET HOME LENDING, LLC VA mortgage Struggling to pay mortgage 3 5.8%
    PLANET HOME LENDING, LLC VA mortgage Trouble during payment process 4 7.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Planters First Bank 105 Commerce St Hawkinsville, GA 31036 Full Service B&M $63,247
    Planters First Bank 113 N. Westover Blvd Albany, GA 31707 Full Service B&M $10,889
    Planters First Bank 120-B Osigian Boulevard Warner Robins, GA 31088 Full Service B&M $9,299
    Planters First Bank 1400 Sam Numm Boulevard Perry, GA 31069 Full Service B&M $13,700
    Planters First Bank 1620 East Sixteenth Avenue Cordele, GA 31015 Full Service B&M $123,851
    Planters First Bank 2212 East Central Ave Fitzgerald, GA 31750 Full Service B&M $14,521
    Planters First Bank 408 Broad Street Hawkinsville, GA 31036 Full Service B&M $0
    Planters First Bank 4361 Rivoli Drive Macon, GA 31210 Full Service B&M $22,313
    Planters First Bank Bay And Pine Streets Pineview, GA 31071 Full Service B&M $13,781
    Planters First Bank Cherry And Fourth Streets Ocilla, GA 31774 Full Service B&M $27,380

    For 2018, Planters First Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,157
    Net interest income $12,816
    Total noninterest income $7,318
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,104
    Trading account gains and fees $0
    Additional Noninterest Income $5,214
    Pre-tax net operating income $3,559
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,559
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,559
    Minority interest net income $0
    Net income $3,559
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,559

    Planters First Bank's gross interest income from loans was $14,157,000.
    Planters First Bank's net interest income from loans was $12,816,000.
    Planters First Bank's fee based income from loans was $2,104,000.
    Planters First Bank's net income from loans was $3,559,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,341
    Provision for credit losses $514
    Total noninterest expense $16,061
    Salaries and employee benefits $10,090
    Premises and equipment expense $2,104
    Additional noninterest expense $3,867
    Applicable income taxes $0
    Net charge-offs $218
    Cash dividends $600

    Planters First Bank's interest expense for loans was $1,341,000.
    Planters First Bank's payroll and benefits expense were $10,090,000.
    Planters First Bank's property, plant and equipment expenses $2,104,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 8.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $301,773
    Deposits held in domestic offices $301,773
    Deposits by Individuals, partnerships, and corporations $288,348
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $13,253
    Deposits by Commercial banks and other depository institutions in U.S. $172
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $140,577
    Demand deposits $140,223
    Nontransaction accounts $161,196
    Money market deposit accounts (MMDAs) $61,074
    Other savings deposits (excluding MMDAs) $20,210
    Total time deposits $79,912
    Total time and savings deposits $161,550
    Noninterest-bearing deposits $99,458
    Interest-bearing deposits $202,315
    Retail deposits $292,559
    IRAs and Keogh plan accounts $15,781
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $333,612
    Cash & Balances due from depository institutions $46,118
    Interest-bearing balances $23,422
    Total securities $31,853
    Federal funds sold & reverse repurchase $0
    Net loans and leases $234,222
    Loan and leases loss allowance $2,698
    Trading account assets $0
    Bank premises and fixed assets $6,264
    Other real estate owned $1,590
    Goodwill and other intangibles $0
    All other assets $13,565

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $333,612
    Total Liabilities $303,711
    Total deposits $301,773
    Interest-bearing deposits $202,315
    Deposits held in domestic offices $301,773
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,938

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $234,222
    Loan and leases loss allowance $2,698
    Total loans and leases (domestic) $236,920
    All real estate loans $205,620
    Real estate loans in domestic offices $205,620
    Construction and development loans $27,505
    Residential 1-4 family construction $5,816
    Other construction, all land development and other land $21,689
    Loans secured by nonfarm nonresidential properties $90,007
    Nonfarm nonresidential secured by owner-occupied properties $59,289
    Commercial real estate & other non-farm, non-residential $30,718
    Multifamily residential real estate $8,470
    1-4 family residential loans $46,623
    Farmland loans $33,015
    Loans held in foreign offices $0
    Farm loans $4,818
    Commercial and industrial loans $18,992
    To non-U.S. addressees $0
    Loans to individuals $5,536
    Credit card loans $0
    Related Plans $116
    Consumer Auto Loans $1,158
    Other loans to individuals $4,262
    All other loans & leases $1,954
    Loans to foreign governments and official institutions $0
    Other loans $788
    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 $1,736
    Non 1-4 family restructured loans & leases $384
    Total loans and leases (foreign) $0

    PLANTERS FIRST BANK had $234,222,000 of loans outstanding in 2018. $205,620,000 of loans were in real estate loans. $27,505,000 of loans were in development loans. $8,470,000 of loans were in multifamily mortgage loans. $46,623,000 of loans were in 1-4 family mortgage loans. $4,818,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,158,000 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 212 $36,517 $172,250
    Nonfarm, nonresidential loans - <$100k 92 $3,589 $39,011
    Nonfarm, nonresidential loans - $100-250k 56 $6,512 $116,286
    Nonfarm, nonresidential loans - $250k-1MM 64 $26,416 $412,750
    Commercial & Industrial, US addressed loans - <$1MM 289 $17,034 $58,941
    Commercial & Industrial, US addressed loans - <$100k 234 $4,362 $18,641
    Commercial & Industrial, US addressed loans - $100-250k 22 $2,325 $105,682
    Commercial & Industrial, US addressed loans - $250k-1MM 33 $10,347 $313,545
    Farmland loans - <$1MM 194 $18,051 $93,046
    Farmland loans - <$100k 118 $3,864 $32,746
    Farmland loans - $100-250k 44 $5,773 $131,205
    Farmland loans - $250k-1MM 32 $8,414 $262,938
    Agriculture operations loans - <$1MM 118 $3,658 $31,000
    Agriculture operations loans - <$100k 104 $1,897 $18,240
    Agriculture operations loans - $100-250k 8 $870 $108,750
    Agriculture operations loans - $250k-1MM 6 $891 $148,500