First National Bank Of North Arkansas Mortgage Rates, Fees & Info

Berryville, AR

LEI: 5493000LJB0L73TDJT41

Tax ID: 71-0014514

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Mortgage Data

Bank Data

Review & Overview

First National Bank Of North Arkansas is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. First National Bank Of North Arkansas has a high proportion of conventional loans. Their top markets by origination volume include: Harrison, Fayetteville, and Mountain Home among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

First National Bank Of North Arkansas has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

151

Origination Dollar Volume (All Markets)

$11,255,000

Employee count

91

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 93 $6,455,000 $69,409 $0 0.00%
Harrison, AR (FHA|USDA|VA) 50 $4,050,000 $81,000 $0 0.00%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 6 $680,000 $113,333 $0 0.00%
Mountain Home, AR (FHA|USDA|VA) 2 $70,000 $35,000 $0 0.00%
First National Bank Of North Arkansas's top markets include Harrison, Fayetteville, and Mountain Home among others.

Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 151 $11,255,000 $74,536 $0 0.00%

    For 2019, First National Bank Of North Arkansas's most frequently originated type of loan was Conventional, with 151 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 66 $4,590,000 $69,545 $0 0.00%
    Cash Out Refi 41 $2,915,000 $71,098 $0 0.00%
    Refi 24 $2,860,000 $119,167 $0 0.00%
    Home Improvement 10 $470,000 $47,000 $0 0.00%
    Other 10 $420,000 $42,000 $0 0.00%

    For 2019, First National Bank Of North Arkansas's most frequently cited loan purpose was Home Purchase, with 66 originations. The 2nd most popular reason was Cash Out Refi, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 151 $11,255,000 $74,536 $0 0.00%

    For 2019, First National Bank Of North Arkansas's most frequently cited loan duration was Other, with 151 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 117 $5,875,000 $50,214 $0 0.00%
    $100k-200k 28 $3,680,000 $131,429 $0 0.00%
    $200k-400k 6 $1,700,000 $283,333 $0 0.00%

    2019 saw First National Bank Of North Arkansas place emphasis on $100,000 or less loans with 117 originations, totaling $5,875,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 50 $2,610,000 $52,200 $0 0.00%
    $50k-75k 27 $2,355,000 $87,222 $0 0.00%
    $75k-100k 23 $1,645,000 $71,522 $0 0.00%
    $150k-250k 17 $1,445,000 $85,000 $0 0.00%
    $100k-150k 14 $1,410,000 $100,714 $0 0.00%
    $250k+ 1 $25,000 $25,000 $0 0.00%

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

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 151 $11,255,000 $74,536 $0 0.00%

    First National Bank Of North Arkansas lent most frequently to those with DTI ratios of Exempt%, with 151 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 140 $10,680,000 $76,286 $0 0.00%
    Not applicable 11 $575,000 $52,273 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.29%

    First National Bank Of North Arkansas has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.73%

    First National Bank Of North Arkansas has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 151 $11,255,000 $74,536

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 34 $1,610,000 $47,353
    Single Family (1-4 Units):Site-Built 117 $9,645,000 $82,436

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Struggling to pay mortgage 1 16.7%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Trouble during payment process 3 50.0%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Closing on a mortgage 2 33.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First National Bank of North Arkansas 1004 West Trimble Berryville, AR 72616 Full Service B&M $7,184
    First National Bank of North Arkansas 1311 Highway 62 N Harrison, AR 72601 Full Service B&M $15,970
    First National Bank of North Arkansas 149 Huntsville Rd Eureka Springs, AR 72632 Full Service B&M $9,052
    First National Bank of North Arkansas 204 East Rush Harrison, AR 72601 Full Service B&M $6,290
    First National Bank of North Arkansas 305-307 Public Square Berryville, AR 72616 Full Service B&M $86,748
    First National Bank of North Arkansas 317 Hwy 62 West Yellville, AR 72687 Full Service B&M $4,945
    First National Bank of North Arkansas 403 West Main Street Huntsville, AR 72740 Full Service B&M $11,298
    First National Bank of North Arkansas 5 Forrest Park Avenue Holiday Island, AR 72631 Full Service B&M $8,776
    First National Bank of North Arkansas 604 West Main Green Forest, AR 72638 Full Service B&M $7,973
    First National Bank of North Arkansas 620 Highway 65 North Marshall, AR 72650 Full Service B&M $14,638
    First National Bank of North Arkansas 910 West Trimble Suite 1 Berryville, AR 72616 Limited, Trust Office $0

    For 2019, First National Bank Of North Arkansas had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,219
    Net interest income $10,175
    Total noninterest income $1,979
    Gross Fiduciary activities income $121
    Service charges on deposit accounts $708
    Trading account gains and fees $0
    Additional Noninterest Income $1,150
    Pre-tax net operating income $2,780
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,780
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,780
    Minority interest net income $0
    Net income $2,780
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,780

    First National Bank Of North Arkansas's gross interest income from loans was $11,219,000.
    First National Bank Of North Arkansas's net interest income from loans was $10,175,000.
    First National Bank Of North Arkansas's fee based income from loans was $708,000.
    First National Bank Of North Arkansas's net income from loans was $2,780,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,044
    Provision for credit losses $225
    Total noninterest expense $9,149
    Salaries and employee benefits $5,571
    Premises and equipment expense $1,267
    Additional noninterest expense $2,311
    Applicable income taxes $0
    Net charge-offs $152
    Cash dividends $1,995

    First National Bank Of North Arkansas's interest expense for loans was $1,044,000.
    First National Bank Of North Arkansas's payroll and benefits expense were $5,571,000.
    First National Bank Of North Arkansas's property, plant and equipment expenses $1,267,000.

    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 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 1.0%
    All other family 2.0%
    Commercial & industrial loans 1.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $178,308
    Deposits held in domestic offices $178,308
    Deposits by Individuals, partnerships, and corporations $157,773
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $20,536
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $95,556
    Demand deposits $23,146
    Nontransaction accounts $82,753
    Money market deposit accounts (MMDAs) $25,844
    Other savings deposits (excluding MMDAs) $18,999
    Total time deposits $37,910
    Total time and savings deposits $155,163
    Noninterest-bearing deposits $23,146
    Interest-bearing deposits $155,162
    Retail deposits $168,040
    IRAs and Keogh plan accounts $5,529
    Brokered deposits $450
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $202,865
    Cash & Balances due from depository institutions $6,742
    Interest-bearing balances $163
    Total securities $2,137
    Federal funds sold & reverse repurchase $22,875
    Net loans and leases $158,479
    Loan and leases loss allowance $1,761
    Trading account assets $0
    Bank premises and fixed assets $9,302
    Other real estate owned $0
    Goodwill and other intangibles $228
    All other assets $3,102

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $202,865
    Total Liabilities $180,262
    Total deposits $178,308
    Interest-bearing deposits $155,162
    Deposits held in domestic offices $178,308
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $626
    Subordinated debt $0
    All other liabilities $1,328

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $158,479
    Loan and leases loss allowance $1,761
    Total loans and leases (domestic) $160,240
    All real estate loans $110,434
    Real estate loans in domestic offices $110,434
    Construction and development loans $3,521
    Residential 1-4 family construction $1,534
    Other construction, all land development and other land $1,987
    Loans secured by nonfarm nonresidential properties $22,640
    Nonfarm nonresidential secured by owner-occupied properties $21,053
    Commercial real estate & other non-farm, non-residential $1,587
    Multifamily residential real estate $231
    1-4 family residential loans $62,314
    Farmland loans $21,728
    Loans held in foreign offices $0
    Farm loans $7,742
    Commercial and industrial loans $19,029
    To non-U.S. addressees $0
    Loans to individuals $21,956
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $7,240
    Other loans to individuals $14,716
    All other loans & leases $1,334
    Loans to foreign governments and official institutions $0
    Other loans $1,334
    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 $254
    Non 1-4 family restructured loans & leases $240
    Total loans and leases (foreign) $0

    First National Bank of North Arkansas had $158,479,000 of loans outstanding in 2019. $110,434,000 of loans were in real estate loans. $3,521,000 of loans were in development loans. $231,000 of loans were in multifamily mortgage loans. $62,314,000 of loans were in 1-4 family mortgage loans. $7,742,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,240,000 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 $18,635 $118,694
    Nonfarm, nonresidential loans - <$100k 95 $3,885 $40,895
    Nonfarm, nonresidential loans - $100-250k 36 $4,764 $132,333
    Nonfarm, nonresidential loans - $250k-1MM 26 $9,986 $384,077
    Commercial & Industrial, US addressed loans - <$1MM 767 $19,029 $24,810
    Commercial & Industrial, US addressed loans - <$100k 731 $13,150 $17,989
    Commercial & Industrial, US addressed loans - $100-250k 29 $3,371 $116,241
    Commercial & Industrial, US addressed loans - $250k-1MM 7 $2,508 $358,286
    Farmland loans - <$1MM 275 $20,138 $73,229
    Farmland loans - <$100k 204 $7,806 $38,265
    Farmland loans - $100-250k 48 $5,788 $120,583
    Farmland loans - $250k-1MM 23 $6,544 $284,522
    Agriculture operations loans - <$1MM 557 $7,742 $13,899
    Agriculture operations loans - <$100k 550 $6,969 $12,671
    Agriculture operations loans - $100-250k 7 $773 $110,429