First Federal Savings And Loan Association Mortgage Rates, Fees & Info

Pascagoula, MS

LEI: 54930017IQ4KPG7QW263

Tax ID: 64-0341960

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    First Federal Savings And Loan Association is a smaller mortgage company specializing in Home Purchase loans. First Federal Savings And Loan Association has a high proportion of conventional loans. Their top markets by origination volume include: Gulfport, Mobile, Daphne, Hattiesburg, and Brookhaven among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Federal Savings And Loan Association 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

    215

    Origination Dollar Volume (All Markets)

    $35,625,000

    Employee count

    61

    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
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 178 $28,580,000 $160,562 $0 0.00%
    Outside of Metro Areas 23 $3,735,000 $162,391 $0 0.00%
    MOBILE, AL (FHA|USDA|VA) 9 $2,045,000 $227,222 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 3 $835,000 $278,333 $0 0.00%
    HATTIESBURG, MS (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    Brookhaven, MS (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    First Federal Savings And Loan Association's top markets include Gulfport, Mobile, Daphne, Hattiesburg, and Brookhaven among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 215 $35,625,000 $165,698 $0 0.00%

    For 2018, First Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 215 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 151 $27,645,000 $183,079 $0 0.00%
    Cash Out Refi 33 $4,545,000 $137,727 $0 0.00%
    Home Improvement 18 $2,010,000 $111,667 $0 0.00%
    Refi 8 $1,180,000 $147,500 $0 0.00%
    Other 5 $245,000 $49,000 $0 0.00%

    For 2018, First Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 151 originations. The 2nd most popular reason was Cash Out Refi, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 215 $35,625,000 $165,698 $0 0.00%

    For 2018, First Federal Savings And Loan Association's most frequently cited loan duration was Other, with 215 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 86 $12,770,000 $148,488 $0 0.00%
    $200k-400k 67 $17,515,000 $261,418 $0 0.00%
    $100,000 or less 57 $3,055,000 $53,596 $0 0.00%
    $400k-600k 5 $2,285,000 $457,000 $0 0.00%

    2018 saw First Federal Savings And Loan Association place emphasis on $100k-200k loans with 86 originations, totaling $12,770,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 60 $12,020,000 $200,333 $0 0.00%
    $75k-100k 45 $7,465,000 $165,889 $0 0.00%
    $50k-75k 40 $4,480,000 $112,000 $0 0.00%
    $150k-250k 36 $7,870,000 $218,611 $0 0.00%
    $50k or less 28 $2,460,000 $87,857 $0 0.00%
    $250k+ 3 $1,045,000 $348,333 $0 0.00%

    First Federal Savings And Loan Association lent most frequently to those with incomes in the $100k-150k range, with 60 originations. The second most popular income band? $75k-100k, with 45 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 215 $35,625,000 $165,698 $0 0.00%

    First Federal Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 215 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 189 $31,705,000 $167,751 $0 0.00%
    Black 18 $2,840,000 $157,778 $0 0.00%
    Not provided 1 $355,000 $355,000 $0 0.00%
    Asian 2 $190,000 $95,000 $0 0.00%
    Chinese 1 $165,000 $165,000 $0 0.00%
    Vietnamese 1 $155,000 $155,000 $0 0.00%
    American Indian 2 $150,000 $75,000 $0 0.00%
    Native Hawaiian or Islander 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.00%

    First Federal Savings And Loan Association has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.51%

    First Federal Savings And Loan Association has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 215 $35,625,000 $165,698

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 215 $35,625,000 $165,698

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    First Technology Federal Credit Union Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    First Technology Federal Credit Union Other type of mortgage Trouble during payment process 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Federal Savings and Loan Association 10900 Highway 57 Vancleave, MS 39565 Full Service B&M $4,574
    First Federal Savings and Loan Association 1414 Highway 90 Gautier, MS 39553 Full Service B&M $7,351
    First Federal Savings and Loan Association 3905 Beinville Boulevard Ocean Springs, MS 39564 Full Service B&M $35,854
    First Federal Savings and Loan Association 4201 Bellview Moss Point, MS 39563 Full Service B&M $18,149
    First Federal Savings and Loan Association 903 Jackson Ave Pascagoula, MS 39567 Full Service B&M $116,358
    First Federal Savings and Loan Association Hway 613 Hurley, MS 39555 Full Service B&M $7,869

    For 2018, First Federal Savings And Loan Association had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,064
    Net interest income $8,724
    Total noninterest income $791
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $195
    Trading account gains and fees $0
    Additional Noninterest Income $596
    Pre-tax net operating income $1,029
    Securities gains (or losses, -) $10
    Income before extraordinary items $1,100
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,100
    Minority interest net income $0
    Net income $1,100
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,090

    First Federal Savings And Loan Association's gross interest income from loans was $13,064,000.
    First Federal Savings And Loan Association's net interest income from loans was $8,724,000.
    First Federal Savings And Loan Association's fee based income from loans was $195,000.
    First Federal Savings And Loan Association's net income from loans was $1,100,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,340
    Provision for credit losses $334
    Total noninterest expense $8,152
    Salaries and employee benefits $4,987
    Premises and equipment expense $973
    Additional noninterest expense $2,192
    Applicable income taxes $-61
    Net charge-offs $410
    Cash dividends $0

    First Federal Savings And Loan Association's interest expense for loans was $4,340,000.
    First Federal Savings And Loan Association's payroll and benefits expense were $4,987,000.
    First Federal Savings And Loan Association's property, plant and equipment expenses $973,000.

    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 $189,815
    Deposits held in domestic offices $189,815
    Deposits by Individuals, partnerships, and corporations $188,511
    Deposits by U.S. Government $14
    Deposits by States and political subdivisions in the U.S. $1,290
    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 $25,891
    Demand deposits $18,947
    Nontransaction accounts $163,924
    Money market deposit accounts (MMDAs) $3,620
    Other savings deposits (excluding MMDAs) $31,792
    Total time deposits $128,511
    Total time and savings deposits $170,868
    Noninterest-bearing deposits $25,155
    Interest-bearing deposits $164,660
    Retail deposits $161,706
    IRAs and Keogh plan accounts $24,291
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $305,495
    Cash & Balances due from depository institutions $6,081
    Interest-bearing balances $2,014
    Total securities $35,698
    Federal funds sold & reverse repurchase $0
    Net loans and leases $245,836
    Loan and leases loss allowance $926
    Trading account assets $0
    Bank premises and fixed assets $5,847
    Other real estate owned $970
    Goodwill and other intangibles $0
    All other assets $11,063

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $305,495
    Total Liabilities $277,758
    Total deposits $189,815
    Interest-bearing deposits $164,660
    Deposits held in domestic offices $189,815
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $86,667
    Subordinated debt $0
    All other liabilities $1,276

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $245,836
    Loan and leases loss allowance $926
    Total loans and leases (domestic) $246,762
    All real estate loans $246,597
    Real estate loans in domestic offices $246,597
    Construction and development loans $1,100
    Residential 1-4 family construction $0
    Other construction, all land development and other land $1,100
    Loans secured by nonfarm nonresidential properties $865
    Nonfarm nonresidential secured by owner-occupied properties $596
    Commercial real estate & other non-farm, non-residential $269
    Multifamily residential real estate $0
    1-4 family residential loans $244,632
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $1,320
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $1,320
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $1,400
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    First Federal Savings and Loan Association had $245,836,000 of loans outstanding in 2018. $246,597,000 of loans were in real estate loans. $1,100,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $244,632,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 5 $865 $173,000
    Nonfarm, nonresidential loans - <$100k 2 $58 $29,000
    Nonfarm, nonresidential loans - $250k-1MM 3 $807 $269,000