Planters First Bank Mortgage Rates, Fees & Info
Hawkinsville, GALEI: 254900GZAWIVGN884M22
Tax ID: 58-0206260
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Bank Data
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: Cordele, Warner Robins, Albany, Macon, and Brunswick among others. We have data for 13 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.
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Originations
89Origination Dollar Volume (All Markets)
$9,255,000Employee count
87Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 20 | $1,600,000 | $80,000 | $0 | 0.00% |
| Cordele, GA (FHA|USDA|VA) | 25 | $1,535,000 | $61,400 | $0 | 0.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 14 | $1,430,000 | $102,143 | $0 | 0.00% |
| ALBANY, GA (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $0 | 0.00% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 10 | $1,060,000 | $106,000 | $0 | 0.00% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $0 | 0.00% |
| Fitzgerald, GA (FHA|USDA|VA) | 8 | $460,000 | $57,500 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| Americus, GA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 0.00% |
| Milledgeville, GA (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
| Tifton, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 89 | $9,255,000 | $103,989 | $0 | 0.00% |
For 2021, Planters First Bank's most frequently originated type of loan was Conventional, with 89 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 55 | $4,605,000 | $83,727 | $0 | 0.00% |
| Home Purchase | 33 | $4,545,000 | $137,727 | $0 | 0.00% |
| Cash Out Refi | 1 | $105,000 | $105,000 | $0 | 0.00% |
For 2021, Planters First Bank's most frequently cited loan purpose was Refi, with 55 originations. The 2nd most popular reason was Home Purchase, with 33 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 89 | $9,255,000 | $103,989 | $0 | 0.00% |
For 2021, Planters First Bank's most frequently cited loan duration was Other, with 89 originations.
Loan Sizing
2021 saw Planters First Bank place emphasis on $100,000 or less loans with 64 originations, totaling $3,000,000 in origination value.
Applicant Income
Planters First Bank lent most frequently to those with incomes in the $50k or less range, with 19 originations. The second most popular income band? $50k-75k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 89 | $9,255,000 | $103,989 | $0 | 0.00% |
Planters First Bank lent most frequently to those with DTI ratios of Exempt%, with 89 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.83%
Planters First Bank has an average approval rate.
Pick Rate
Approvals leading to origination87.64%
Planters First Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 89 | $9,255,000 | $103,989 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PLANET HOME LENDING, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 6 | 5.0% |
| PLANET HOME LENDING, LLC | Conventional home mortgage | Closing on a mortgage | 3 | 2.5% |
| PLANET HOME LENDING, LLC | Conventional home mortgage | Incorrect information on your report | 2 | 1.7% |
| PLANET HOME LENDING, LLC | Conventional home mortgage | Struggling to pay mortgage | 15 | 12.5% |
| PLANET HOME LENDING, LLC | Conventional home mortgage | Trouble during payment process | 35 | 29.2% |
| PLANET HOME LENDING, LLC | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 1.7% |
| PLANET HOME LENDING, LLC | FHA mortgage | Closing on a mortgage | 2 | 1.7% |
| PLANET HOME LENDING, LLC | FHA mortgage | Credit monitoring or identity theft protection services | 1 | 0.8% |
| PLANET HOME LENDING, LLC | FHA mortgage | Incorrect information on your report | 2 | 1.7% |
| PLANET HOME LENDING, LLC | FHA mortgage | Problem with a credit reporting company's investigation into an existing problem | 2 | 1.7% |
| PLANET HOME LENDING, LLC | FHA mortgage | Struggling to pay mortgage | 7 | 5.8% |
| PLANET HOME LENDING, LLC | FHA mortgage | Trouble during payment process | 11 | 9.2% |
| PLANET HOME LENDING, LLC | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 0.8% |
| PLANET HOME LENDING, LLC | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 4 | 3.3% |
| PLANET HOME LENDING, LLC | Other type of mortgage | Incorrect information on your report | 1 | 0.8% |
| PLANET HOME LENDING, LLC | Other type of mortgage | Struggling to pay mortgage | 3 | 2.5% |
| PLANET HOME LENDING, LLC | Other type of mortgage | Trouble during payment process | 4 | 3.3% |
| PLANET HOME LENDING, LLC | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 7 | 5.8% |
| PLANET HOME LENDING, LLC | VA mortgage | Closing on a mortgage | 1 | 0.8% |
| PLANET HOME LENDING, LLC | VA mortgage | Incorrect information on your report | 2 | 1.7% |
| PLANET HOME LENDING, LLC | VA mortgage | Trouble during payment process | 9 | 7.5% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Planters First Bank | 105 Commerce St Hawkinsville, GA 31036 | Full Service B&M | $78,498 |
| Planters First Bank | 120-B Osigian Boulevard, Suite 200 Warner Robins, GA 31088 | Full Service B&M | $13,901 |
| Planters First Bank | 1400 Sam Numm Boulevard Perry, GA 31069 | Full Service B&M | $18,170 |
| Planters First Bank | 1620 East Sixteenth Avenue Cordele, GA 31015 | Full Service B&M | $152,901 |
| Planters First Bank | 2212 East Central Ave Fitzgerald, GA 31750 | Full Service B&M | $16,364 |
| 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 | $18,041 |
| Planters First Bank | Cherry And Fourth Streets Ocilla, GA 31774 | Full Service B&M | $33,705 |
For 2021, Planters First Bank had 8 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $13,912 |
| Net interest income | $13,593 |
| Total noninterest income | $4,161 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,516 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,645 |
| Pre-tax net operating income | $2,923 |
| Securities gains (or losses, -) | $198 |
| Income before extraordinary items | $3,121 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,121 |
| Minority interest net income | $0 |
| Net income | $3,121 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $2,923 |
Planters First Bank's gross interest income from loans was $13,912,000.
Planters First Bank's net interest income from loans was $13,593,000.
Planters First Bank's fee based income from loans was $1,516,000.
Planters First Bank's net income from loans was $3,121,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $319 |
| Provision for credit losses | $177 |
| Total noninterest expense | $14,654 |
| Salaries and employee benefits | $9,495 |
| Premises and equipment expense | $1,705 |
| Additional noninterest expense | $3,454 |
| Applicable income taxes | $0 |
| Net charge-offs | $-326 |
| Cash dividends | $2,000 |
Planters First Bank's interest expense for loans was $319,000.
Planters First Bank's payroll and benefits expense were $9,495,000.
Planters First Bank's property, plant and equipment expenses $1,705,000.
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 | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| 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 | $337,648 |
| Deposits held in domestic offices | $337,648 |
| Deposits by Individuals, partnerships, and corporations | $324,697 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $12,376 |
| Deposits by Commercial banks and other depository institutions in U.S. | $575 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $200,158 |
| Demand deposits | $200,158 |
| Nontransaction accounts | $137,490 |
| Money market deposit accounts (MMDAs) | $55,706 |
| Other savings deposits (excluding MMDAs) | $33,892 |
| Total time deposits | $47,892 |
| Total time and savings deposits | $137,490 |
| Noninterest-bearing deposits | $141,470 |
| Interest-bearing deposits | $196,178 |
| Retail deposits | $332,272 |
| IRAs and Keogh plan accounts | $10,707 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $375,711 |
| Cash & Balances due from depository institutions | $39,321 |
| Interest-bearing balances | $18,304 |
| Total securities | $61,211 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $252,879 |
| Loan and leases loss allowance | $3,948 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $7,153 |
| Other real estate owned | $642 |
| Goodwill and other intangibles | $0 |
| All other assets | $14,505 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $375,711 |
| Total Liabilities | $340,816 |
| Total deposits | $337,648 |
| Interest-bearing deposits | $196,178 |
| Deposits held in domestic offices | $337,648 |
| % insured (estimated) | $70 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $3,168 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $252,879 |
| Loan and leases loss allowance | $3,948 |
| Total loans and leases (domestic) | $256,827 |
| All real estate loans | $205,267 |
| Real estate loans in domestic offices | $205,267 |
| Construction and development loans | $24,463 |
| Residential 1-4 family construction | $5,617 |
| Other construction, all land development and other land | $18,846 |
| Loans secured by nonfarm nonresidential properties | $106,266 |
| Nonfarm nonresidential secured by owner-occupied properties | $62,146 |
| Commercial real estate & other non-farm, non-residential | $44,120 |
| Multifamily residential real estate | $5,230 |
| 1-4 family residential loans | $31,970 |
| Farmland loans | $37,338 |
| Loans held in foreign offices | $0 |
| Farm loans | $6,171 |
| Commercial and industrial loans | $37,673 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $4,910 |
| Credit card loans | $0 |
| Related Plans | $172 |
| Consumer Auto Loans | $1,387 |
| Other loans to individuals | $3,351 |
| All other loans & leases | $2,806 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $54 |
| 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 | $1,573 |
| Non 1-4 family restructured loans & leases | $226 |
| Total loans and leases (foreign) | $0 |
PLANTERS FIRST BANK had $252,879,000 of loans outstanding in 2021. $205,267,000 of loans were in real estate loans. $24,463,000 of loans were in development loans. $5,230,000 of loans were in multifamily mortgage loans. $31,970,000 of loans were in 1-4 family mortgage loans. $6,171,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,387,000 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 | 154 | $40,427 | $262,513 |
| Nonfarm, nonresidential loans - <$100k | 42 | $1,717 | $40,881 |
| Nonfarm, nonresidential loans - $100-250k | 31 | $3,639 | $117,387 |
| Nonfarm, nonresidential loans - $250k-1MM | 81 | $35,071 | $432,975 |
| Commercial & Industrial, US addressed loans - <$1MM | 295 | $21,317 | $72,261 |
| Commercial & Industrial, US addressed loans - <$100k | 223 | $5,000 | $22,422 |
| Commercial & Industrial, US addressed loans - $100-250k | 38 | $4,817 | $126,763 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 34 | $11,500 | $338,235 |
| Farmland loans - <$1MM | 105 | $11,954 | $113,848 |
| Farmland loans - <$100k | 48 | $1,881 | $39,188 |
| Farmland loans - $100-250k | 36 | $4,315 | $119,861 |
| Farmland loans - $250k-1MM | 21 | $5,758 | $274,190 |
| Agriculture operations loans - <$1MM | 71 | $3,184 | $44,845 |
| Agriculture operations loans - <$100k | 45 | $784 | $17,422 |
| Agriculture operations loans - $100-250k | 22 | $2,014 | $91,545 |
| Agriculture operations loans - $250k-1MM | 4 | $386 | $96,500 |