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

Review & Overview

Planters First Bank is a smaller bank specializing in Home Purchase and Refi 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, Cordele, Atlanta, and Albany among others. We have data for 17 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.

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

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

Originations

246

Origination Dollar Volume (All Markets)

$37,800,000

Employee count

Awards

Show all (1) 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)	105	$18,065,000	$172,048	$4,098	4.83%
MACON-BIBB COUNTY, GA (FHA\|USDA\|VA)	29	$4,445,000	$153,276	$4,052	4.69%
Cordele, GA (FHA\|USDA\|VA)	30	$2,720,000	$90,667	$1,694	5.67%
Outside of Metro Areas	33	$2,495,000	$75,606	$2,211	5.85%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	8	$1,820,000	$227,500	$4,114	4.89%
ALBANY, GA (FHA\|USDA\|VA)	2	$1,610,000	$805,000	$2,916	4.44%
ATHENS-CLARKE COUNTY, GA (FHA\|USDA\|VA)	6	$1,560,000	$260,000	$3,684	4.48%
Milledgeville, GA (FHA\|USDA\|VA)	8	$1,470,000	$183,750	$4,358	4.45%
Dublin, GA (FHA\|USDA\|VA)	4	$660,000	$165,000	$5,959	4.56%
BRUNSWICK, GA (FHA\|USDA\|VA)	2	$580,000	$290,000	$0	5.25%
Fitzgerald, GA (FHA\|USDA\|VA)	12	$580,000	$48,333	$1,713	6.16%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA\|USDA\|VA)	1	$475,000	$475,000	$4,033	4.88%
JACKSONVILLE, FL (FHA\|USDA\|VA)	1	$405,000	$405,000	$6,049	5.00%
THE VILLAGES, FL (FHA\|USDA\|VA)	1	$305,000	$305,000	$5,064	4.13%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	1	$275,000	$275,000	$10,342	4.00%
Tullahoma-Manchester, TN (FHA\|USDA\|VA)	1	$175,000	$175,000	$2,738	4.25%
Americus, GA (FHA\|USDA\|VA)	2	$160,000	$80,000	$2,924	4.56%

Planters First Bank's top markets include Warner Robins, Macon, Cordele, Atlanta, and Albany among others.

Their top states include:

Georgia (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Tennessee (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.

Emory Alliance Credit Union
Similarity Rank: 516

LGE COMMUNITY
Similarity Rank: 1503

PLANTERS FIRST BANK
Similarity Rank: 2244

FLAT BRANCH MORTGAGE, INC.
Similarity Rank: 3174

Aurora Financial, LLC
Similarity Rank: 3869

Capital City Bank
Similarity Rank: 3960

IVY MORTGAGE, INC.
Similarity Rank: 4212

VICTORY MORTGAGE, L.L.C.
Similarity Rank: 4576

RBC Bank, (Georgia)
Similarity Rank: 4710

ROBINS FINANCIAL
Similarity Rank: 4862

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	177	$25,515,000	$144,153	$2,635	5.33%
VA	31	$6,345,000	$204,677	$5,487	4.33%
FHA	30	$4,630,000	$154,333	$5,681	4.64%
USDA	8	$1,310,000	$163,750	$4,642	4.38%

For 2019, Planters First Bank's most frequently originated type of loan was Conventional, with 177 originations. Their 2nd most popular type was VA, with 31 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	155	$26,915,000	$173,645	$4,264	4.71%
Refi	80	$9,240,000	$115,500	$2,009	5.80%
Cash Out Refi	6	$1,490,000	$248,333	$3,893	4.68%
Home Improvement	4	$130,000	$32,500	$1,715	6.31%
Other	1	$25,000	$25,000	$1,537	5.50%

For 2019, Planters First Bank's most frequently cited loan purpose was Home Purchase, with 155 originations. The 2nd most popular reason was Refi, with 80 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	144	$27,990,000	$194,375	$4,229	4.54%
Other	52	$5,050,000	$97,115	$1,626	5.93%
15 Year	18	$1,820,000	$101,111	$2,270	5.49%
5 Year	13	$945,000	$72,692	$1,262	6.22%
10 Year	8	$530,000	$66,250	$1,142	5.41%
20 Year	6	$660,000	$110,000	$2,200	6.40%
1 Year	4	$770,000	$192,500	$6,049	5.75%
3 Year	1	$35,000	$35,000	$0	5.00%

For 2019, Planters First Bank's most frequently cited loan duration was 30 Year, with 144 originations. The 2nd most popular length was Other, with 52 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	158	$26,860,000	$170,000
$1k-2k	25	$3,105,000	$124,200
$2k-3k	8	$1,520,000	$190,000
$3k-4k	3	$775,000	$258,333
$4k-5k	1	$405,000	$405,000

Planters First Bank's average total fees were $4,229, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 158 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	144	$28,180,000	$195,694
5-6%	57	$5,025,000	$88,158
6-7%	23	$1,565,000	$68,043
3-4%	11	$2,415,000	$219,545
7-8%	8	$540,000	$67,500
Over 8%	1	$35,000	$35,000

During 2019, Planters First Bank's average interest rate for loans was 4.54%, while their most frequently originated rate bucket for loans was 4-5%, with 144 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	97	$5,335,000	$55,000	$2,092	5.76%
$100k-200k	82	$12,380,000	$150,976	$3,682	4.74%
$200k-400k	59	$15,585,000	$264,153	$4,786	4.53%
$400k-600k	7	$3,165,000	$452,143	$5,526	4.75%
$1MM+	1	$1,335,000	$1,335,000	$0	4.25%

2019 saw Planters First Bank place emphasis on $100,000 or less loans with 97 originations, totaling $5,335,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	60	$8,930,000	$148,833	$3,891	4.94%
$50k or less	59	$6,055,000	$102,627	$3,166	5.16%
$75k-100k	40	$6,930,000	$173,250	$4,436	4.73%
$100k-150k	37	$7,695,000	$207,973	$3,642	5.01%
$150k-250k	19	$3,665,000	$192,895	$2,448	5.18%
$250k+	6	$1,040,000	$173,333	$3,115	5.77%

Planters First Bank lent most frequently to those with incomes in the $50k-75k range, with 60 originations. The second most popular income band? $50k or less, with 59 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	46	$7,020,000	$152,609	$3,040	5.03%
30-36%	36	$5,840,000	$162,222	$3,339	4.98%
50-60%	16	$2,370,000	$148,125	$5,503	5.41%
40%	15	$2,385,000	$159,000	$3,535	4.92%
<20%	14	$1,250,000	$89,286	$2,379	5.33%
45%	12	$1,840,000	$153,333	$4,533	4.66%
44%	11	$2,115,000	$192,273	$3,602	4.78%
43%	10	$1,880,000	$188,000	$4,950	4.99%
>60%	9	$935,000	$103,889	$2,167	6.17%
41%	7	$1,165,000	$166,429	$3,278	4.70%
42%	7	$1,195,000	$170,714	$4,463	4.86%
47%	6	$1,130,000	$188,333	$4,896	5.10%
39%	6	$1,050,000	$175,000	$4,604	4.42%
48%	6	$1,270,000	$211,667	$5,639	4.60%
37%	6	$700,000	$116,667	$1,585	5.35%
38%	5	$835,000	$167,000	$3,802	4.58%
36%	4	$570,000	$142,500	$3,538	4.66%
49%	3	$425,000	$141,667	$3,730	4.83%
46%	2	$340,000	$170,000	$2,933	4.56%

Planters First Bank lent most frequently to those with DTI ratios of 20-30%, with 46 originations. The next most common DTI ratio? 30-36%, with 36 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	159	$24,565,000	$154,497	$3,503	5.00%
Not provided	24	$4,300,000	$179,167	$3,459	4.97%
Black	31	$4,145,000	$133,710	$4,666	5.20%
Not applicable	25	$3,485,000	$139,400	$0	5.76%
Asian	6	$1,120,000	$186,667	$3,257	4.69%
American Indian	1	$185,000	$185,000	$2,708	4.50%

Approval Rates

Total approvals of all applications
92.23%

Planters First Bank has an average approval rate.

Pick Rate

Approvals leading to origination
84.15%

Planters First Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	246	$37,800,000	$153,659

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	1	$1,335,000	$1,335,000
Single Family (1-4 Units):Manufactured	17	$805,000	$47,353
Single Family (1-4 Units):Site-Built	228	$35,660,000	$156,404

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	18	$1,990,000	$110,556	$1,334	5.60%
40-60%	22	$1,840,000	$83,636	$1,862	5.74%
60-80%	52	$6,380,000	$122,692	$2,374	5.54%
80-100%	131	$23,585,000	$180,038	$4,037	4.73%
Over 100%	16	$3,770,000	$235,625	$6,781	4.36%
Under 20%	6	$210,000	$35,000	$1,230	6.98%

Complaints

Bank Name	Product	Issue	2019 CPFB Complaints	% of Total Issues
PLANET HOME LENDING, LLC	Conventional home mortgage	Closing on a mortgage	1	2.1%
PLANET HOME LENDING, LLC	Conventional home mortgage	Problem with a credit reporting company's investigation into an existing problem	1	2.1%
PLANET HOME LENDING, LLC	Conventional home mortgage	Struggling to pay mortgage	9	18.8%
PLANET HOME LENDING, LLC	Conventional home mortgage	Trouble during payment process	13	27.1%
PLANET HOME LENDING, LLC	FHA mortgage	Closing on a mortgage	1	2.1%
PLANET HOME LENDING, LLC	FHA mortgage	Incorrect information on your report	1	2.1%
PLANET HOME LENDING, LLC	FHA mortgage	Struggling to pay mortgage	5	10.4%
PLANET HOME LENDING, LLC	FHA mortgage	Trouble during payment process	3	6.3%
PLANET HOME LENDING, LLC	Other type of mortgage	Struggling to pay mortgage	2	4.2%
PLANET HOME LENDING, LLC	Other type of mortgage	Trouble during payment process	1	2.1%
PLANET HOME LENDING, LLC	VA mortgage	Closing on a mortgage	1	2.1%
PLANET HOME LENDING, LLC	VA mortgage	Problem with a credit reporting company's investigation into an existing problem	1	2.1%
PLANET HOME LENDING, LLC	VA mortgage	Struggling to pay mortgage	2	4.2%
PLANET HOME LENDING, LLC	VA mortgage	Trouble during payment process	7	14.6%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Planters First Bank	105 Commerce St Hawkinsville, GA 31036	Full Service B&M	$55,351
Planters First Bank	120-B Osigian Boulevard, Suite 200 Warner Robins, GA 31088	Full Service B&M	$15,213
Planters First Bank	1400 Sam Numm Boulevard Perry, GA 31069	Full Service B&M	$12,682
Planters First Bank	1620 East Sixteenth Avenue Cordele, GA 31015	Full Service B&M	$120,069
Planters First Bank	2212 East Central Ave Fitzgerald, GA 31750	Full Service B&M	$14,389
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	$14,934
Planters First Bank	Bay And Pine Streets Pineview, GA 31071	Full Service B&M	$12,567
Planters First Bank	Cherry And Fourth Streets Ocilla, GA 31774	Full Service B&M	$25,741

For 2019, Planters First Bank had 9 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$14,256
Net interest income	$12,930
Total noninterest income	$4,920
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$2,041
Trading account gains and fees	$0
Additional Noninterest Income	$2,879
Pre-tax net operating income	$3,282
Securities gains (or losses, -)	$-9
Income before extraordinary items	$3,273
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$3,273
Minority interest net income	$0
Net income	$3,273
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$3,282

Planters First Bank's gross interest income from loans was $14,256,000.
Planters First Bank's net interest income from loans was $12,930,000.
Planters First Bank's fee based income from loans was $2,041,000.
Planters First Bank's net income from loans was $3,273,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,326
Provision for credit losses	$380
Total noninterest expense	$14,188
Salaries and employee benefits	$8,572
Premises and equipment expense	$1,974
Additional noninterest expense	$3,642
Applicable income taxes	$0
Net charge-offs	$13
Cash dividends	$2,060

Planters First Bank's interest expense for loans was $1,326,000.
Planters First Bank's payroll and benefits expense were $8,572,000.
Planters First Bank's property, plant and equipment expenses $1,974,000.

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	6.0%
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	$268,950
Deposits held in domestic offices	$268,950
Deposits by Individuals, partnerships, and corporations	$255,551
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$13,325
Deposits by Commercial banks and other depository institutions in U.S.	$73
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$137,618
Demand deposits	$137,588
Nontransaction accounts	$131,331
Money market deposit accounts (MMDAs)	$49,137
Other savings deposits (excluding MMDAs)	$21,114
Total time deposits	$61,080
Total time and savings deposits	$131,361
Noninterest-bearing deposits	$93,258
Interest-bearing deposits	$175,692
Retail deposits	$261,024
IRAs and Keogh plan accounts	$12,425
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$310,555
Cash & Balances due from depository institutions	$19,091
Interest-bearing balances	$3,783
Total securities	$34,192
Federal funds sold & reverse repurchase	$0
Net loans and leases	$235,015
Loan and leases loss allowance	$3,065
Trading account assets	$0
Bank premises and fixed assets	$6,772
Other real estate owned	$1,534
Goodwill and other intangibles	$0
All other assets	$13,951

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$310,555
Total Liabilities	$278,210
Total deposits	$268,950
Interest-bearing deposits	$175,692
Deposits held in domestic offices	$268,950
% insured (estimated)	$84
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$7,000
Subordinated debt	$0
All other liabilities	$2,260

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$235,015
Loan and leases loss allowance	$3,065
Total loans and leases (domestic)	$238,080
All real estate loans	$201,886
Real estate loans in domestic offices	$201,886
Construction and development loans	$27,120
Residential 1-4 family construction	$6,165
Other construction, all land development and other land	$20,955
Loans secured by nonfarm nonresidential properties	$100,570
Nonfarm nonresidential secured by owner-occupied properties	$75,712
Commercial real estate & other non-farm, non-residential	$24,858
Multifamily residential real estate	$3,896
1-4 family residential loans	$38,799
Farmland loans	$31,501
Loans held in foreign offices	$0
Farm loans	$4,891
Commercial and industrial loans	$22,304
To non-U.S. addressees	$0
Loans to individuals	$4,908
Credit card loans	$0
Related Plans	$257
Consumer Auto Loans	$929
Other loans to individuals	$3,722
All other loans & leases	$4,090
Loans to foreign governments and official institutions	$0
Other loans	$672
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	$1,482
Non 1-4 family restructured loans & leases	$30
Total loans and leases (foreign)	$0

PLANTERS FIRST BANK had $235,015,000 of loans outstanding in 2019. $201,886,000 of loans were in real estate loans. $27,120,000 of loans were in development loans. $3,896,000 of loans were in multifamily mortgage loans. $38,799,000 of loans were in 1-4 family mortgage loans. $4,891,000 of loans were in farm loans. $0 of loans were in credit card loans. $929,000 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	168	$34,975	$208,185
Nonfarm, nonresidential loans - <$100k	56	$2,496	$44,571
Nonfarm, nonresidential loans - $100-250k	51	$6,276	$123,059
Nonfarm, nonresidential loans - $250k-1MM	61	$26,203	$429,557
Commercial & Industrial, US addressed loans - <$1MM	222	$16,153	$72,761
Commercial & Industrial, US addressed loans - <$100k	166	$3,390	$20,422
Commercial & Industrial, US addressed loans - $100-250k	24	$2,066	$86,083
Commercial & Industrial, US addressed loans - $250k-1MM	32	$10,697	$334,281
Farmland loans - <$1MM	135	$13,421	$99,415
Farmland loans - <$100k	72	$2,633	$36,569
Farmland loans - $100-250k	40	$4,720	$118,000
Farmland loans - $250k-1MM	23	$6,068	$263,826
Agriculture operations loans - <$1MM	80	$2,669	$33,363
Agriculture operations loans - <$100k	66	$1,190	$18,030
Agriculture operations loans - $100-250k	12	$1,074	$89,500
Agriculture operations loans - $250k-1MM	2	$405	$202,500