Planters First Bank Mortgage Rates, Fees & Info

Hawkinsville, GA

LEI: 254900GZAWIVGN884M22

Tax ID: 58-0206260

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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 Refi and Home Purchase loans. Planters First Bank has a high proportion of conventional loans. Their top markets by origination volume include: Warner Robins, Cordele, Macon, Panama City, and Columbus among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Planters First Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    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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    Originations

    105

    Origination Dollar Volume (All Markets)

    $10,885,000

    Employee count

    87

    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) 24 $2,550,000 $106,250 $1,426 4.86%
    Cordele, GA (FHA|USDA|VA) 31 $2,265,000 $73,065 $2,126 4.66%
    Outside of Metro Areas 31 $2,105,000 $67,903 $1,455 5.24%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 5 $1,605,000 $321,000 $3,156 4.36%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $1,075,000 $1,075,000 $0 5.50%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $515,000 $515,000 $0 3.75%
    Milledgeville, GA (FHA|USDA|VA) 1 $355,000 $355,000 $822 3.63%
    Fitzgerald, GA (FHA|USDA|VA) 6 $160,000 $26,667 $1,325 6.08%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.05%
    ALBANY, GA (FHA|USDA|VA) 2 $80,000 $40,000 $1,475 4.13%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $55,000 $55,000 $1,532 6.38%
    Douglas, GA (FHA|USDA|VA) 1 $25,000 $25,000 $1,242 4.13%
    Planters First Bank's top markets include Warner Robins, Cordele, Macon, Panama City, and Columbus among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • Florida (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: 855
    SANCTUARY HOME MORTGAGE LLC
    Similarity Rank: 932
    Credence Funding Corporation
    Similarity Rank: 1560
    AMERICAN HOME MORTGAGE, INC.
    Similarity Rank: 1792
    First Reliance Bank
    Similarity Rank: 2166
    COCA-COLA
    Similarity Rank: 2496
    Kwik Mortgage Corporation
    Similarity Rank: 3026
    Queensborough National Bank & Trust Company
    Similarity Rank: 3266
    LOANSNAP, INC.
    Similarity Rank: 3318
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 3348

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 105 $10,885,000 $103,667 $1,730 4.93%

    For 2020, Planters First Bank's most frequently originated type of loan was Conventional, with 105 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 79 $7,285,000 $92,215 $1,661 4.98%
    Home Purchase 19 $2,695,000 $141,842 $2,316 4.50%
    Home Improvement 6 $850,000 $141,667 $0 5.75%
    Other 1 $55,000 $55,000 $1,702 4.00%

    For 2020, Planters First Bank's most frequently cited loan purpose was Refi, with 79 originations. The 2nd most popular reason was Home Purchase, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 39 $3,495,000 $89,615 $1,841 5.00%
    5 Year 27 $2,955,000 $109,444 $1,592 5.08%
    10 Year 19 $1,935,000 $101,842 $1,339 4.55%
    15 Year 11 $805,000 $73,182 $1,841 5.25%
    20 Year 6 $1,400,000 $233,333 $1,638 4.65%
    1 Year 2 $280,000 $140,000 $0 4.75%
    3 Year 1 $15,000 $15,000 $1,287 3.75%

    For 2020, Planters First Bank's most frequently cited loan duration was Other, with 39 originations. The 2nd most popular length was 5 Year, with 27 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 37 $1,855,000 $50,135
    $1k-2k 9 $1,025,000 $113,889
    $2k-3k 3 $735,000 $245,000
    $5k+ 1 $515,000 $515,000

    Planters First Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 37 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 47 $5,425,000 $115,426
    3-4% 22 $2,460,000 $111,818
    5-6% 21 $2,495,000 $118,810
    6-7% 9 $385,000 $42,778
    7-8% 5 $95,000 $19,000
    Over 8% 1 $25,000 $25,000

    During 2020, Planters First Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 47 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 74 $3,010,000 $40,676 $1,490 5.10%
    $100k-200k 19 $2,565,000 $135,000 $2,018 4.54%
    $200k-400k 8 $2,580,000 $322,500 $3,446 4.48%
    $400k-600k 2 $1,020,000 $510,000 $0 4.00%
    $1MM+ 1 $1,075,000 $1,075,000 $0 5.50%
    $600k-1MM 1 $635,000 $635,000 $0 4.15%

    2020 saw Planters First Bank place emphasis on $100,000 or less loans with 74 originations, totaling $3,010,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 27 $1,575,000 $58,333 $1,987 5.49%
    $50k or less 17 $825,000 $48,529 $1,715 4.99%
    $75k-100k 14 $1,400,000 $100,000 $1,612 4.93%
    $100k-150k 10 $1,100,000 $110,000 $1,452 4.66%
    $150k-250k 5 $685,000 $137,000 $1,400 4.05%
    $250k+ 2 $1,710,000 $855,000 $0 4.83%

    Planters First Bank lent most frequently to those with incomes in the $50k-75k range, with 27 originations. The second most popular income band? $50k or less, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 15 $705,000 $47,000 $1,411 4.73%
    >60% 12 $1,310,000 $109,167 $2,430 5.12%
    30-36% 11 $995,000 $90,455 $1,619 5.13%
    <20% 10 $1,040,000 $104,000 $1,652 5.12%
    42% 5 $255,000 $51,000 $2,011 4.78%
    50-60% 5 $235,000 $47,000 $1,556 4.78%
    43% 4 $1,340,000 $335,000 $1,142 4.94%
    39% 2 $50,000 $25,000 $1,247 5.56%
    40% 2 $270,000 $135,000 $2,625 4.63%
    41% 2 $210,000 $105,000 $1,897 4.56%
    37% 1 $55,000 $55,000 $2,097 4.88%
    36% 1 $15,000 $15,000 $1,652 8.00%
    38% 1 $15,000 $15,000 $0 7.50%
    45% 1 $135,000 $135,000 $1,352 3.75%
    46% 1 $35,000 $35,000 $0 7.50%
    48% 1 $35,000 $35,000 $0 5.50%
    49% 1 $25,000 $25,000 $0 5.50%

    Planters First Bank lent most frequently to those with DTI ratios of 20-30%, with 15 originations. The next most common DTI ratio? >60%, with 12 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 61 $5,885,000 $96,475 $1,701 5.04%
    Not applicable 29 $3,525,000 $121,552 $0 4.61%
    Asian 2 $880,000 $440,000 $3,156 4.39%
    Black 12 $560,000 $46,667 $1,695 5.24%
    Not provided 1 $35,000 $35,000 $0 4.50%

    Approval Rates

    Total approvals of all applications
    85.82%

    Planters First Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.76%

    Planters First Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    315.0 1 $25,000 $25,000
    NA 104 $10,860,000 $104,423

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $1,020,000 $510,000
    Single Family (1-4 Units):Manufactured 15 $545,000 $36,333
    Single Family (1-4 Units):Site-Built 88 $9,320,000 $105,909

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $525,000 $27,632 $1,386 5.28%
    40-60% 24 $2,320,000 $96,667 $2,026 4.81%
    60-80% 40 $6,080,000 $152,000 $1,620 4.99%
    80-100% 17 $1,815,000 $106,765 $1,760 4.60%
    Under 20% 5 $145,000 $29,000 $1,562 4.83%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    PLANET HOME LENDING, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 4.3%
    PLANET HOME LENDING, LLC Conventional home mortgage Closing on a mortgage 4 4.3%
    PLANET HOME LENDING, LLC Conventional home mortgage Incorrect information on your report 1 1.1%
    PLANET HOME LENDING, LLC Conventional home mortgage Struggling to pay mortgage 11 12.0%
    PLANET HOME LENDING, LLC Conventional home mortgage Trouble during payment process 16 17.4%
    PLANET HOME LENDING, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 2.2%
    PLANET HOME LENDING, LLC FHA mortgage Closing on a mortgage 3 3.3%
    PLANET HOME LENDING, LLC FHA mortgage Incorrect information on your report 1 1.1%
    PLANET HOME LENDING, LLC FHA mortgage Struggling to pay mortgage 5 5.4%
    PLANET HOME LENDING, LLC FHA mortgage Trouble during payment process 18 19.6%
    PLANET HOME LENDING, LLC Home equity loan or line of credit (HELOC) Struggling to pay mortgage 2 2.2%
    PLANET HOME LENDING, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 1.1%
    PLANET HOME LENDING, LLC Other type of mortgage Struggling to pay mortgage 2 2.2%
    PLANET HOME LENDING, LLC Other type of mortgage Trouble during payment process 5 5.4%
    PLANET HOME LENDING, LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 2.2%
    PLANET HOME LENDING, LLC VA mortgage Closing on a mortgage 3 3.3%
    PLANET HOME LENDING, LLC VA mortgage Struggling to pay mortgage 4 4.3%
    PLANET HOME LENDING, LLC VA mortgage Trouble during payment process 8 8.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Planters First Bank 105 Commerce St Hawkinsville, GA 31036 Full Service B&M $77,772
    Planters First Bank 120-B Osigian Boulevard, Suite 200 Warner Robins, GA 31088 Full Service B&M $17,710
    Planters First Bank 1400 Sam Numm Boulevard Perry, GA 31069 Full Service B&M $21,585
    Planters First Bank 1620 East Sixteenth Avenue Cordele, GA 31015 Full Service B&M $143,778
    Planters First Bank 2212 East Central Ave Fitzgerald, GA 31750 Full Service B&M $16,522
    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 $25,438
    Planters First Bank Bay And Pine Streets Pineview, GA 31071 Full Service B&M $16,244
    Planters First Bank Cherry And Fourth Streets Ocilla, GA 31774 Full Service B&M $31,729

    For 2020, Planters First Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,040
    Net interest income $13,832
    Total noninterest income $3,197
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,532
    Trading account gains and fees $0
    Additional Noninterest Income $1,665
    Pre-tax net operating income $2,727
    Securities gains (or losses, -) $409
    Income before extraordinary items $3,136
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,136
    Minority interest net income $0
    Net income $3,136
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,727

    Planters First Bank's gross interest income from loans was $15,040,000.
    Planters First Bank's net interest income from loans was $13,832,000.
    Planters First Bank's fee based income from loans was $1,532,000.
    Planters First Bank's net income from loans was $3,136,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,208
    Provision for credit losses $610
    Total noninterest expense $13,692
    Salaries and employee benefits $8,560
    Premises and equipment expense $1,905
    Additional noninterest expense $3,227
    Applicable income taxes $0
    Net charge-offs $231
    Cash dividends $1,100

    Planters First Bank's interest expense for loans was $1,208,000.
    Planters First Bank's payroll and benefits expense were $8,560,000.
    Planters First Bank's property, plant and equipment expenses $1,905,000.

    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 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 $365,566
    Deposits held in domestic offices $365,566
    Deposits by Individuals, partnerships, and corporations $354,693
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $10,715
    Deposits by Commercial banks and other depository institutions in U.S. $158
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $195,102
    Demand deposits $195,102
    Nontransaction accounts $170,464
    Money market deposit accounts (MMDAs) $78,266
    Other savings deposits (excluding MMDAs) $28,400
    Total time deposits $63,799
    Total time and savings deposits $170,464
    Noninterest-bearing deposits $141,364
    Interest-bearing deposits $224,202
    Retail deposits $355,194
    IRAs and Keogh plan accounts $11,965
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $403,069
    Cash & Balances due from depository institutions $81,657
    Interest-bearing balances $62,615
    Total securities $50,865
    Federal funds sold & reverse repurchase $7,105
    Net loans and leases $241,881
    Loan and leases loss allowance $3,444
    Trading account assets $0
    Bank premises and fixed assets $6,579
    Other real estate owned $706
    Goodwill and other intangibles $0
    All other assets $14,276

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $403,069
    Total Liabilities $368,050
    Total deposits $365,566
    Interest-bearing deposits $224,202
    Deposits held in domestic offices $365,566
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,484

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $241,881
    Loan and leases loss allowance $3,444
    Total loans and leases (domestic) $245,325
    All real estate loans $180,338
    Real estate loans in domestic offices $180,338
    Construction and development loans $22,415
    Residential 1-4 family construction $4,853
    Other construction, all land development and other land $17,562
    Loans secured by nonfarm nonresidential properties $89,523
    Nonfarm nonresidential secured by owner-occupied properties $66,441
    Commercial real estate & other non-farm, non-residential $23,082
    Multifamily residential real estate $1,019
    1-4 family residential loans $35,719
    Farmland loans $31,662
    Loans held in foreign offices $0
    Farm loans $7,475
    Commercial and industrial loans $47,229
    To non-U.S. addressees $0
    Loans to individuals $5,058
    Credit card loans $0
    Related Plans $291
    Consumer Auto Loans $1,464
    Other loans to individuals $3,303
    All other loans & leases $5,225
    Loans to foreign governments and official institutions $0
    Other loans $1,363
    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 $1,961
    Non 1-4 family restructured loans & leases $536
    Total loans and leases (foreign) $0

    PLANTERS FIRST BANK had $241,881,000 of loans outstanding in 2020. $180,338,000 of loans were in real estate loans. $22,415,000 of loans were in development loans. $1,019,000 of loans were in multifamily mortgage loans. $35,719,000 of loans were in 1-4 family mortgage loans. $7,475,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,464,000 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 157 $35,077 $223,420
    Nonfarm, nonresidential loans - <$100k 52 $2,318 $44,577
    Nonfarm, nonresidential loans - $100-250k 38 $4,635 $121,974
    Nonfarm, nonresidential loans - $250k-1MM 67 $28,124 $419,761
    Commercial & Industrial, US addressed loans - <$1MM 392 $36,721 $93,676
    Commercial & Industrial, US addressed loans - <$100k 281 $8,996 $32,014
    Commercial & Industrial, US addressed loans - $100-250k 57 $7,769 $136,298
    Commercial & Industrial, US addressed loans - $250k-1MM 54 $19,956 $369,556
    Farmland loans - <$1MM 119 $13,084 $109,950
    Farmland loans - <$100k 56 $2,035 $36,339
    Farmland loans - $100-250k 42 $5,468 $130,190
    Farmland loans - $250k-1MM 21 $5,581 $265,762
    Agriculture operations loans - <$1MM 77 $3,519 $45,701
    Agriculture operations loans - <$100k 53 $936 $17,660
    Agriculture operations loans - $100-250k 18 $1,629 $90,500
    Agriculture operations loans - $250k-1MM 6 $954 $159,000