Planters First Bank Mortgage Rates, Fees & Info

Hawkinsville, GA

LEI: 254900GZAWIVGN884M22

Tax ID: 58-0206260

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Mortgage Data

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.

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

89

Origination Dollar Volume (All Markets)

$9,255,000

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

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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 64 $3,000,000 $46,875 $0 0.00%
    $100k-200k 15 $1,895,000 $126,333 $0 0.00%
    $200k-400k 6 $1,690,000 $281,667 $0 0.00%
    $400k-600k 2 $930,000 $465,000 $0 0.00%
    $600k-1MM 2 $1,740,000 $870,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 19 $705,000 $37,105 $0 0.00%
    $50k-75k 13 $985,000 $75,769 $0 0.00%
    $75k-100k 9 $385,000 $42,778 $0 0.00%
    $100k-150k 7 $895,000 $127,857 $0 0.00%
    $250k+ 7 $1,085,000 $155,000 $0 0.00%
    $150k-250k 6 $660,000 $110,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 49 $4,495,000 $91,735 $0 0.00%
    Not applicable 25 $4,235,000 $169,400 $0 0.00%
    Black 13 $435,000 $33,462 $0 0.00%
    American Indian 1 $45,000 $45,000 $0 0.00%
    Not provided 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.83%

    Planters First Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.64%

    Planters First Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 89 $9,255,000 $103,989

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    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