First National Bank Mortgage Rates, Fees & Info

Paragould, AR

LEI: 5493003EW6T31TGECO83

Tax ID: 71-0397846

5 stars - out of 5 stars, based on 25 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

First National Bank is a smaller bank specializing in Home Purchase and Refi loans. First National Bank has a high proportion of conventional loans. Their top markets include Paragould, Little Rock, Jonesboro, Fayetteville, and Crestview among others. First National Bank has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. First National Bank is typically a low fee lendor.


Originations

623

Origination Dollar Volume (All Markets)

$169,935,000

Employee count

340 Show all (5) awards

Relative Rate

First National Bank's average 30 year fixed rate mortgage of loans were 4.14%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.99%.

Relative Fees

First National Bank's average total fees for a 30 year fixed rate mortgage are $1,580.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Paragould, AR (FHA|USDA|VA) 172 $33,310,000 $193,663 $1,088 4.25%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 47 $28,745,000 $611,596 $1,338 4.04%
JONESBORO, AR (FHA|USDA|VA) 148 $26,670,000 $180,203 $1,224 4.29%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 64 $24,760,000 $386,875 $1,694 4.09%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 8 $22,550,000 $2,818,750 $0 4.03%
Outside of Metro Areas 122 $13,480,000 $110,492 $1,225 4.33%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 21 $7,345,000 $349,762 $3,454 4.92%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 3 $2,015,000 $671,667 $0 4.32%
Kennett, MO (FHA|USDA|VA) 2 $1,730,000 $865,000 $1,477 4.73%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $1,585,000 $1,585,000 $0 4.25%
HOT SPRINGS, AR (FHA|USDA|VA) 5 $1,265,000 $253,000 $2,403 4.15%
Mountain Home, AR (FHA|USDA|VA) 8 $1,120,000 $140,000 $1,194 3.98%
PANAMA CITY, FL (FHA|USDA|VA) 3 $1,095,000 $365,000 $0 4.15%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $755,000 $755,000 $0 3.50%
Kalispell, MT (FHA|USDA|VA) 1 $705,000 $705,000 $0 3.95%
Searcy, AR (FHA|USDA|VA) 2 $330,000 $165,000 $1,448 4.13%
Sevierville, TN (FHA|USDA|VA) 1 $315,000 $315,000 $0 4.75%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $295,000 $295,000 $0 4.00%
Batesville, AR (FHA|USDA|VA) 3 $275,000 $91,667 $979 4.07%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $275,000 $275,000 $0 4.50%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $235,000 $235,000 $2,811 3.75%
Hope, AR (FHA|USDA|VA) 1 $225,000 $225,000 $0 4.50%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 3 $225,000 $75,000 $0 4.33%
Sikeston, MO (FHA|USDA|VA) 1 $225,000 $225,000 $1,574 3.95%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.15%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.25%
COLUMBIA, MO (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.25%

First National Bank's top markets include Paragould, Little Rock, Jonesboro, Fayetteville, and Crestview among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 623 $169,935,000 $272,769 $1,311 4.26%

For the 2021 period, First National Bank's most frequently originated loan type of loans were Conventional, with 623 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 411 $113,235,000 $275,511 $1,489 4.22%
Refi 148 $40,180,000 $271,486 $1,189 4.25%
Home Improvement 36 $2,620,000 $72,778 $713 4.50%
Other 27 $2,195,000 $81,296 $925 4.57%
NA 1 $11,705,000 $11,705,000 $0 3.00%

For the 2021, First National Bank's most frequently cited loan purpose of loans were Home Purchase, with 411 originations. The 2nd most popular reason of loans were Refi, with 148 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
20 Year 218 $64,350,000 $295,183 $1,244 4.23%
30 Year 144 $36,530,000 $253,681 $1,580 4.14%
Other 69 $19,025,000 $275,725 $891 4.16%
15 Year 66 $9,510,000 $144,091 $1,008 4.47%
1 Year 58 $14,630,000 $252,241 $1,487 4.39%
10 Year 30 $3,240,000 $108,000 $908 4.47%
5 Year 22 $18,300,000 $831,818 $655 4.47%
3 Year 9 $2,195,000 $243,889 $633 4.09%
30+ year 7 $2,155,000 $307,857 $1,600 4.26%

For the 2021, First National Bank's most frequently cited loan length of loans were 20 Year, with 218 originations. The 2nd most popular length of loans were 30 Year, with 144 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 290 $53,710,000 $185,207
$2k-3k 2 $840,000 $420,000
$1k-2k 1 $275,000 $275,000
$3k-4k 1 $855,000 $855,000
$5k+ 1 $1,155,000 $1,155,000

$1,580 of loans were First National Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 290 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
4-5% 317 $58,065,000 $183,170
3-4% 288 $98,450,000 $341,840
5-6% 14 $1,640,000 $117,143
Over 8% 3 $75,000 $25,000
2.5-3% 1 $11,705,000 $11,705,000

During 2021, First National Bank's average interest rate of loans were 4.14%, while their most frequently originated rate bucket of loans were 4-5%, with 317 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100,000 or less 236 $13,480,000 $57,119 $909 4.46%
$100k-200k 177 $25,205,000 $142,401 $1,208 4.20%
$200k-400k 137 $39,125,000 $285,584 $1,567 4.15%
$600k-1MM 26 $20,120,000 $773,846 $2,877 3.90%
$1MM+ 25 $61,405,000 $2,456,200 $5,341 4.01%
$400k-600k 22 $10,600,000 $481,818 $2,064 3.99%

2021 saw First National Bank place emphasis on $100,000 or less loans with 236 originations, totaling $13,480,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 92 $8,730,000 $94,891 $1,045 4.39%
$100k-150k 82 $13,710,000 $167,195 $1,241 4.28%
$50k-75k 78 $8,510,000 $109,103 $1,156 4.33%
$250k+ 56 $22,400,000 $400,000 $2,335 4.22%
$150k-250k 55 $12,965,000 $235,727 $1,669 4.27%
$75k-100k 54 $8,250,000 $152,778 $1,344 4.41%

First National Bank lent most frequently to those with incomes in the $50k or less range, with 92 originations. The second most popular income band? $100k-150k, with 82 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 67 $9,985,000 $149,030 $1,179 4.30%
<20% 49 $11,925,000 $243,367 $1,276 4.25%
30-36% 49 $8,865,000 $180,918 $1,422 4.23%
>60% 29 $6,465,000 $222,931 $1,491 4.31%
50-60% 26 $5,140,000 $197,692 $1,260 4.17%
40% 11 $1,155,000 $105,000 $1,045 4.86%
42% 10 $1,050,000 $105,000 $1,090 4.66%
36% 9 $1,575,000 $175,000 $1,061 4.04%
41% 7 $1,155,000 $165,000 $1,286 4.22%
37% 6 $1,240,000 $206,667 $1,298 4.18%
39% 6 $1,420,000 $236,667 $1,261 4.30%
38% 5 $1,655,000 $331,000 $2,042 3.98%
48% 5 $1,455,000 $291,000 $1,784 3.84%
46% 4 $450,000 $112,500 $1,185 4.70%
47% 4 $690,000 $172,500 $1,754 4.60%
44% 4 $580,000 $145,000 $925 4.29%
43% 3 $365,000 $121,667 $1,561 4.07%
45% 3 $895,000 $298,333 $1,696 3.73%
49% 2 $1,070,000 $535,000 $2,063 3.85%

First National Bank lent most frequently to those with DTI ratios of 20-30%, with 67 originations. The next most common DTI ratio? <20%, with 49 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 189 $92,625,000 $490,079 $1,373 4.13%
White 377 $66,105,000 $175,345 $1,306 4.33%
Not provided 49 $9,595,000 $195,816 $1,242 4.20%
Black 5 $1,095,000 $219,000 $2,088 4.47%
Asian 1 $215,000 $215,000 $0 4.15%
American Indian 1 $175,000 $175,000 $1,461 3.95%
Vietnamese 1 $125,000 $125,000 $1,386 4.50%

Approval Rates

Total approvals of all applications
94.68%

First National Bank has an average approval rate.

Pick Rate

Approvals leading to origination
93.38%

First National Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 623 $169,935,000 $272,769

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
623 $169,935,000 $272,769

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 39 $2,985,000 $76,538 $841 4.30%
40-60% 71 $10,865,000 $153,028 $990 4.33%
60-80% 181 $60,765,000 $335,718 $1,433 4.23%
80-100% 313 $92,775,000 $296,406 $1,465 4.23%
Over 100% 7 $1,485,000 $212,143 $771 4.19%
Under 20% 11 $305,000 $27,727 $794 4.78%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Trouble during payment process 1 25.0%
FIRST NATIONAL BANK OF OMAHA FHA mortgage Improper use of your report 1 25.0%
FIRST NATIONAL BANK OF OMAHA Other type of mortgage Struggling to pay mortgage 1 25.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
First National Bank 300 West Capitol Avenue Little Rock, AR 72201 Full Service B&M $49,281
First National Bank 3500 East Johnson Avenue Jonesboro, AR 72401 Full Service B&M $94,407
First National Bank 3701 Pinnacle Hills Parkway Rogers, AR 72758 Full Service B&M $29,917
First National Bank 4000 Johnson Mill Blvd Johnson, AR 72741 Full Service B&M $7,330
First National Bank 5601 Kavanaugh Boulevard Little Rock, AR 72207 Full Service B&M $23,721
First National Bank 612 Missouri Avenue Corning, AR 72422 Full Service B&M $141,443
First National Bank 635 East Main Street Piggott, AR 72454 Full Service B&M $30,312
First National Bank 912 Southwest Drive Jonesboro, AR 72401 Full Service B&M $132,712
First National Bank 9601 Lile Drive Little Rock, AR 72205 Full Service B&M $44,243
First National Bank 11101 Rodney Parham Road Little Rock, AR 72212 Full Service B&M $47,058
First National Bank 1324 Highway 25b North Heber Springs, AR 72543 Full Service B&M $87,732
First National Bank 15721 Chenal Boulevard Little Rock, AR 72211 Full Service B&M $43,358
First National Bank 1950 South Pleasant Street Springdale, AR 72764 Full Service B&M $8,015
First National Bank 200 West Court Street Paragould, AR 72450 Full Service B&M $660,628
First National Bank 201 Linwood Dr Paragould, AR 72450 Limited, Drive-thru $0
First National Bank 2424 Crestwood Avenue North Little Rock, AR 72216 Full Service B&M $45,758
First National Bank 2691 East Mission Blvd Fayetteville, AR 72703 Full Service B&M $30,470
First National Bank 2701 East Highland Drive Jonesboro, AR 72401 Full Service B&M $32,141
First National Bank 2701 West Kings Highway Paragould, AR 72450 Full Service B&M $38,732
First National Bank 300 Se Walton Boulevard Bentonville, AR 72712 Full Service B&M $14,994

For 2021, First National Bank had 20 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $76,006
Net interest income $63,793
Total noninterest income $16,995
Gross Fiduciary activities income $0
Service charges on deposit accounts $5,093
Trading account gains and fees $0
Additional Noninterest Income $11,902
Pre-tax net operating income $29,702
Securities gains (or losses, -) $-44
Income before extraordinary items $23,876
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $23,876
Minority interest net income $0
Net income $23,876
Sale, conversion, retirement of capital stock, net $0
Net operating income $23,911

First National Bank's gross interest income from loans was $76,006,000.
First National Bank's net interest income from loans was $63,793,000.
First National Bank's fee based income from loans was $5,093,000.
First National Bank's net income from loans was $23,876,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $12,213
Provision for credit losses $3,705
Total noninterest expense $47,381
Salaries and employee benefits $23,417
Premises and equipment expense $7,557
Additional noninterest expense $16,407
Applicable income taxes $5,782
Net charge-offs $897
Cash dividends $30,143

First National Bank's interest expense for loans was $12,213,000.
First National Bank's payroll and benefits expense were $23,417,000.
First National Bank's property, plant and equipment expenses $7,557,000.

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 1.0%
Credit card loans 0.2%
Other individual loans 1.0%
Auto loans 1.0%
Other consumer loans 1.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $2,012,153
Deposits held in domestic offices $2,012,153
Deposits by Individuals, partnerships, and corporations $1,793,493
Deposits by U.S. Government $21,249
Deposits by States and political subdivisions in the U.S. $196,782
Deposits by Commercial banks and other depository institutions in U.S. $629
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $943,756
Demand deposits $930,813
Nontransaction accounts $1,068,397
Money market deposit accounts (MMDAs) $308,016
Other savings deposits (excluding MMDAs) $167,092
Total time deposits $593,287
Total time and savings deposits $1,081,340
Noninterest-bearing deposits $295,421
Interest-bearing deposits $1,716,732
Retail deposits $1,857,319
IRAs and Keogh plan accounts $84,791
Brokered deposits $46,423
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $2,374,597
Cash & Balances due from depository institutions $233,041
Interest-bearing balances $206,707
Total securities $167,193
Federal funds sold & reverse repurchase $19,804
Net loans and leases $1,796,346
Loan and leases loss allowance $22,868
Trading account assets $0
Bank premises and fixed assets $92,380
Other real estate owned $491
Goodwill and other intangibles $24,137
All other assets $41,205

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $2,374,597
Total Liabilities $2,125,485
Total deposits $2,012,153
Interest-bearing deposits $1,716,732
Deposits held in domestic offices $2,012,153
% insured (estimated) $81
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $107,341
Subordinated debt $0
All other liabilities $5,991

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,796,346
Loan and leases loss allowance $22,868
Total loans and leases (domestic) $1,819,214
All real estate loans $1,515,274
Real estate loans in domestic offices $1,515,274
Construction and development loans $297,362
Residential 1-4 family construction $139,076
Other construction, all land development and other land $158,286
Loans secured by nonfarm nonresidential properties $491,933
Nonfarm nonresidential secured by owner-occupied properties $187,292
Commercial real estate & other non-farm, non-residential $304,641
Multifamily residential real estate $73,671
1-4 family residential loans $514,532
Farmland loans $137,776
Loans held in foreign offices $0
Farm loans $103,239
Commercial and industrial loans $140,697
To non-U.S. addressees $0
Loans to individuals $47,173
Credit card loans $3,839
Related Plans $2,559
Consumer Auto Loans $16,572
Other loans to individuals $24,203
All other loans & leases $12,831
Loans to foreign governments and official institutions $0
Other loans $206
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $19
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $716
Non 1-4 family restructured loans & leases $394
Total loans and leases (foreign) $0

First National Bank had $1,796,346,000 of loans outstanding in 2021. $1,515,274,000 of loans were in real estate loans. $297,362,000 of loans were in development loans. $73,671,000 of loans were in multifamily mortgage loans. $514,532,000 of loans were in 1-4 family mortgage loans. $103,239,000 of loans were in farm loans. $3,839,000 of loans were in credit card loans. $16,572,000 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 477 $94,497 $198,107
Nonfarm, nonresidential loans - <$100k 128 $5,138 $40,141
Nonfarm, nonresidential loans - $100-250k 161 $20,272 $125,913
Nonfarm, nonresidential loans - $250k-1MM 188 $69,087 $367,484
Commercial & Industrial, US addressed loans - <$1MM 1,233 $67,261 $54,551
Commercial & Industrial, US addressed loans - <$100k 1,001 $22,776 $22,753
Commercial & Industrial, US addressed loans - $100-250k 133 $14,132 $106,256
Commercial & Industrial, US addressed loans - $250k-1MM 99 $30,353 $306,596
Farmland loans - <$1MM 276 $34,581 $125,293
Farmland loans - <$100k 118 $4,856 $41,153
Farmland loans - $100-250k 96 $12,419 $129,365
Farmland loans - $250k-1MM 62 $17,306 $279,129
Agriculture operations loans - <$1MM 442 $27,929 $63,188
Agriculture operations loans - <$100k 319 $7,085 $22,210
Agriculture operations loans - $100-250k 56 $7,293 $130,232
Agriculture operations loans - $250k-1MM 67 $13,551 $202,254