First National Bank Mortgage Rates, Fees & Info

Paragould, AR

LEI: 5493003EW6T31TGECO83

Tax ID: 71-0397846

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & 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 by origination volume include: Jonesboro, Paragould, Fayetteville, Little Rock, and Crestview among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

First National Bank 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. First National Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.93%	4/18/24
30 Year Conventional Refi	7.16%	4/18/24
30 Year Cash-out Refi	6.27%	4/18/24
15 Year Conventional Purchase	6.45%	4/18/24
15 Year Conventional Refi	6.76%	4/18/24
15 Year Cash-out Refi	6.76%	4/18/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

First National Bank Mortgage Calculator

Purchase Price:

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% Deposit:

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Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from First National Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

620

Origination Dollar Volume (All Markets)

$85,460,000

Employee count

262

Awards

First National Bank 30 Year Conventional Loans gold

Show all (5) awards

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
JONESBORO, AR (FHA\|USDA\|VA)	210	$29,500,000	$140,476	$996	5.73%
Paragould, AR (FHA\|USDA\|VA)	189	$23,915,000	$126,534	$1,021	5.56%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA\|USDA\|VA)	49	$10,395,000	$212,143	$1,726	5.41%
Outside of Metro Areas	110	$8,550,000	$77,727	$1,054	5.77%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	21	$5,605,000	$266,905	$1,905	5.61%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	2	$1,920,000	$960,000	$0	5.75%
Mountain Home, AR (FHA\|USDA\|VA)	11	$1,455,000	$132,273	$1,286	5.58%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA\|USDA\|VA)	1	$805,000	$805,000	$0	5.45%
TULSA, OK (FHA\|USDA\|VA)	1	$585,000	$585,000	$2,865	5.00%
Kennett, MO (FHA\|USDA\|VA)	5	$485,000	$97,000	$1,017	5.40%
MEMPHIS, TN-MS-AR (FHA\|USDA\|VA)	1	$435,000	$435,000	$2,975	5.25%
Batesville, AR (FHA\|USDA\|VA)	7	$405,000	$57,857	$1,121	5.66%
Searcy, AR (FHA\|USDA\|VA)	4	$290,000	$72,500	$1,244	6.50%
Poplar Bluff, MO (FHA\|USDA\|VA)	2	$270,000	$135,000	$1,147	5.63%
Blytheville, AR (FHA\|USDA\|VA)	2	$260,000	$130,000	$885	5.38%
PINE BLUFF, AR (FHA\|USDA\|VA)	2	$260,000	$130,000	$2,287	5.19%
HOT SPRINGS, AR (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	6.25%
Russellville, AR (FHA\|USDA\|VA)	1	$85,000	$85,000	$962	5.50%
CLARKSVILLE, TN-KY (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	6.00%

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

Their top states include:

Arkansas (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Missouri (FHA|USDA|VA)

Oklahoma (FHA|USDA|VA)

Tennessee (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against First National Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

ONE BANK & TRUST, NATIONAL ASS
Similarity Rank: 189

TELCOE FEDERAL CREDIT UNION
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Truity Federal Credit Union
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Wolfe Financial, Inc
Similarity Rank: 651

The First National Bank of Fort Smith
Similarity Rank: 704

FIRST WESTERN MORTGAGE, INC.
Similarity Rank: 744

First Arkansas Bank and Trust
Similarity Rank: 781

Generations Bank
Similarity Rank: 896

Farmers Bank & Trust Company
Similarity Rank: 1053

ARKANSAS Federal Credit Union
Similarity Rank: 1430

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	620	$85,460,000	$137,839	$1,118	5.65%

For 2018, First National Bank's most frequently originated type of loan was Conventional, with 620 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	371	$56,435,000	$152,116	$1,310	5.55%
Refi	171	$24,805,000	$145,058	$896	5.65%
Home Improvement	39	$1,575,000	$40,385	$598	6.12%
Other	38	$2,250,000	$59,211	$915	6.15%
Cash Out Refi	1	$395,000	$395,000	$3,505	4.75%

For 2018, First National Bank's most frequently cited loan purpose was Home Purchase, with 371 originations. The 2nd most popular reason was Refi, with 171 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	177	$35,695,000	$201,667	$1,308	5.34%
20 Year	161	$23,425,000	$145,497	$1,108	5.65%
15 Year	100	$7,220,000	$72,200	$893	5.97%
Other	75	$10,845,000	$144,600	$861	5.74%
1 Year	42	$5,330,000	$126,905	$1,351	5.55%
10 Year	35	$1,425,000	$40,714	$792	5.84%
5 Year	27	$1,475,000	$54,630	$698	6.11%
3 Year	3	$45,000	$15,000	$427	5.58%

For 2018, First National Bank's most frequently cited loan duration was 30 Year, with 177 originations. The 2nd most popular length was 20 Year, with 161 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	335	$45,705,000	$136,433
$1k-2k	2	$640,000	$320,000
$2k-3k	2	$640,000	$320,000

First National Bank's average total fees were $1,308, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 335 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
5-6%	398	$54,840,000	$137,789
4-5%	114	$22,890,000	$200,789
6-7%	97	$6,725,000	$69,330
Over 8%	6	$170,000	$28,333
7-8%	3	$215,000	$71,667
3-4%	1	$575,000	$575,000

During 2018, First National Bank's average interest rate for loans was 5.34%, while their most frequently originated rate bucket for loans was 5-6%, with 398 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	317	$15,855,000	$50,016	$877	5.84%
$100k-200k	198	$27,520,000	$138,990	$1,164	5.51%
$200k-400k	80	$21,230,000	$265,375	$1,402	5.31%
$400k-600k	13	$6,265,000	$481,923	$2,301	5.20%
$1MM+	6	$9,770,000	$1,628,333	$3,468	5.24%
$600k-1MM	6	$4,820,000	$803,333	$2,681	5.81%

2018 saw First National Bank place emphasis on $100,000 or less loans with 317 originations, totaling $15,855,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	124	$8,300,000	$66,935	$1,028	5.55%
$50k-75k	92	$9,100,000	$98,913	$1,038	5.71%
$100k-150k	85	$12,315,000	$144,882	$1,079	5.75%
$250k+	64	$13,840,000	$216,250	$1,536	5.60%
$75k-100k	56	$6,480,000	$115,714	$1,043	5.75%
$150k-250k	54	$9,730,000	$180,185	$1,522	5.65%

First National Bank lent most frequently to those with incomes in the $50k or less range, with 124 originations. The second most popular income band? $50k-75k, with 92 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	88	$12,320,000	$140,000	$1,177	5.62%
30-36%	68	$7,550,000	$111,029	$985	5.58%
<20%	54	$6,900,000	$127,778	$1,197	5.71%
>60%	33	$5,565,000	$168,636	$1,172	5.47%
50-60%	21	$4,645,000	$221,190	$1,313	5.58%
41%	13	$1,305,000	$100,385	$1,101	5.35%
39%	11	$1,085,000	$98,636	$948	5.66%
37%	10	$1,090,000	$109,000	$1,327	6.13%
38%	10	$1,140,000	$114,000	$1,028	5.43%
44%	10	$1,100,000	$110,000	$1,093	5.42%
36%	9	$735,000	$81,667	$726	5.90%
42%	9	$1,305,000	$145,000	$1,311	5.47%
40%	8	$780,000	$97,500	$873	5.25%
45%	6	$1,940,000	$323,333	$1,177	5.16%
48%	3	$365,000	$121,667	$858	5.42%
43%	3	$285,000	$95,000	$888	5.83%
49%	2	$290,000	$145,000	$964	6.13%
47%	2	$390,000	$195,000	$1,201	5.13%

First National Bank lent most frequently to those with DTI ratios of 20-30%, with 88 originations. The next most common DTI ratio? 30-36%, with 68 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	479	$61,075,000	$127,505	$1,098	5.66%
Not applicable	129	$22,785,000	$176,628	$1,321	5.62%
Asian	4	$640,000	$160,000	$2,087	5.47%
Black	3	$495,000	$165,000	$3,118	5.82%
Native Hawaiian or Islander	1	$125,000	$125,000	$1,254	5.75%
Other Asian	2	$120,000	$60,000	$0	5.63%
Not provided	1	$115,000	$115,000	$0	5.50%
Other Pacific Islander	1	$105,000	$105,000	$0	5.65%

Approval Rates

Total approvals of all applications
94.14%

First National Bank has an average approval rate.

Pick Rate

Approvals leading to origination
93.87%

First National Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	620	$85,460,000	$137,839

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	18	$9,490,000	$527,222
Single Family (1-4 Units):Manufactured	26	$1,140,000	$43,846
Single Family (1-4 Units):Site-Built	576	$74,830,000	$129,913

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	48	$2,070,000	$43,125	$748	5.87%
40-60%	63	$7,015,000	$111,349	$963	5.72%
60-80%	156	$22,880,000	$146,667	$1,161	5.68%
80-100%	323	$52,095,000	$161,285	$1,274	5.56%
Over 100%	7	$615,000	$87,857	$1,480	5.81%
Under 20%	23	$785,000	$34,130	$527	6.03%

Complaints

Bank Name	Product	Issue	2018 CPFB Complaints	% of Total Issues
FIRST NATIONAL BANK OF OMAHA	Conventional home mortgage	Struggling to pay mortgage	1	50.0%
FIRST NATIONAL BANK OF OMAHA	Home equity loan or line of credit (HELOC)	Closing on a mortgage	1	50.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
First National Bank	1324 Highway 25b North Heber Springs, AR 72543	Full Service B&M	$56,040
First National Bank	1950 South Pleasant Street Springdale, AR 72764	Full Service B&M	$7,441
First National Bank	200 West Court Street Paragould, AR 72450	Full Service B&M	$594,304
First National Bank	201 Linwood Dr Paragould, AR 72450	Limited, Drive-thru	$0
First National Bank	2691 East Mission Blvd Fayetteville, AR 72703	Full Service B&M	$23,629
First National Bank	2701 East Highland Drive Jonesboro, AR 72401	Full Service B&M	$24,504
First National Bank	2701 West Kings Highway Paragould, AR 72450	Full Service B&M	$25,239
First National Bank	300 Se Walton Boulevard Bentonville, AR 72712	Full Service B&M	$20,374
First National Bank	3500 East Johnson Avenue Jonesboro, AR 72401	Full Service B&M	$45,024
First National Bank	3701 Pinnacle Hills Parkway Rogers, AR 72758	Full Service B&M	$27,131
First National Bank	4000 Johnson Mill Blvd Johnson, AR 72741	Full Service B&M	$6,466
First National Bank	612 Missouri Avenue Corning, AR 72422	Full Service B&M	$121,465
First National Bank	635 East Main Street Piggott, AR 72454	Full Service B&M	$15,464
First National Bank	912 Southwest Drive Jonesboro, AR 72401	Full Service B&M	$92,251

For 2018, First National Bank had 14 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$62,643
Net interest income	$47,859
Total noninterest income	$13,391
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$5,232
Trading account gains and fees	$0
Additional Noninterest Income	$8,159
Pre-tax net operating income	$21,168
Securities gains (or losses, -)	$2
Income before extraordinary items	$17,409
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$17,409
Minority interest net income	$0
Net income	$17,409
Sale, conversion, retirement of capital stock, net	$4,350
Net operating income	$17,407

First National Bank's gross interest income from loans was $62,643,000.
First National Bank's net interest income from loans was $47,859,000.
First National Bank's fee based income from loans was $5,232,000.
First National Bank's net income from loans was $17,409,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$14,784
Provision for credit losses	$7,465
Total noninterest expense	$32,617
Salaries and employee benefits	$17,505
Premises and equipment expense	$4,208
Additional noninterest expense	$10,904
Applicable income taxes	$3,761
Net charge-offs	$4,632
Cash dividends	$4,067

First National Bank's interest expense for loans was $14,784,000.
First National Bank's payroll and benefits expense were $17,505,000.
First National Bank's property, plant and equipment expenses $4,208,000.

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	1.0%
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	0.4%
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	$1,304,473
Deposits held in domestic offices	$1,304,473
Deposits by Individuals, partnerships, and corporations	$1,133,782
Deposits by U.S. Government	$8
Deposits by States and political subdivisions in the U.S.	$170,673
Deposits by Commercial banks and other depository institutions in U.S.	$10
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$442,783
Demand deposits	$95,175
Nontransaction accounts	$861,690
Money market deposit accounts (MMDAs)	$180,282
Other savings deposits (excluding MMDAs)	$73,567
Total time deposits	$607,841
Total time and savings deposits	$1,209,298
Noninterest-bearing deposits	$96,374
Interest-bearing deposits	$1,208,100
Retail deposits	$1,109,930
IRAs and Keogh plan accounts	$74,392
Brokered deposits	$66,828
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,625,199
Cash & Balances due from depository institutions	$97,753
Interest-bearing balances	$84,353
Total securities	$119,319
Federal funds sold & reverse repurchase	$0
Net loans and leases	$1,288,591
Loan and leases loss allowance	$17,120
Trading account assets	$0
Bank premises and fixed assets	$69,075
Other real estate owned	$2,287
Goodwill and other intangibles	$10,441
All other assets	$37,733

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,625,199
Total Liabilities	$1,462,539
Total deposits	$1,304,473
Interest-bearing deposits	$1,208,100
Deposits held in domestic offices	$1,304,473
% insured (estimated)	$86
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$151,500
Subordinated debt	$0
All other liabilities	$6,566

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$1,288,591
Loan and leases loss allowance	$17,120
Total loans and leases (domestic)	$1,305,711
All real estate loans	$1,022,595
Real estate loans in domestic offices	$1,022,595
Construction and development loans	$105,261
Residential 1-4 family construction	$39,724
Other construction, all land development and other land	$65,537
Loans secured by nonfarm nonresidential properties	$281,031
Nonfarm nonresidential secured by owner-occupied properties	$164,204
Commercial real estate & other non-farm, non-residential	$116,827
Multifamily residential real estate	$18,947
1-4 family residential loans	$464,544
Farmland loans	$152,812
Loans held in foreign offices	$0
Farm loans	$115,795
Commercial and industrial loans	$117,865
To non-U.S. addressees	$0
Loans to individuals	$44,508
Credit card loans	$3,915
Related Plans	$4,335
Consumer Auto Loans	$21,650
Other loans to individuals	$14,608
All other loans & leases	$4,948
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	$1,141
Non 1-4 family restructured loans & leases	$516
Total loans and leases (foreign)	$0

First National Bank had $1,288,591,000 of loans outstanding in 2018. $1,022,595,000 of loans were in real estate loans. $105,261,000 of loans were in development loans. $18,947,000 of loans were in multifamily mortgage loans. $464,544,000 of loans were in 1-4 family mortgage loans. $115,795,000 of loans were in farm loans. $3,915,000 of loans were in credit card loans. $21,650,000 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	409	$76,503	$187,049
Nonfarm, nonresidential loans - <$100k	115	$4,969	$43,209
Nonfarm, nonresidential loans - $100-250k	151	$18,900	$125,166
Nonfarm, nonresidential loans - $250k-1MM	143	$52,634	$368,070
Commercial & Industrial, US addressed loans - <$1MM	1,087	$64,257	$59,114
Commercial & Industrial, US addressed loans - <$100k	848	$19,325	$22,789
Commercial & Industrial, US addressed loans - $100-250k	137	$13,803	$100,752
Commercial & Industrial, US addressed loans - $250k-1MM	102	$31,129	$305,186
Farmland loans - <$1MM	288	$36,463	$126,608
Farmland loans - <$100k	116	$4,988	$43,000
Farmland loans - $100-250k	105	$12,672	$120,686
Farmland loans - $250k-1MM	67	$18,803	$280,642
Agriculture operations loans - <$1MM	471	$35,681	$75,756
Agriculture operations loans - <$100k	295	$7,033	$23,841
Agriculture operations loans - $100-250k	78	$8,375	$107,372
Agriculture operations loans - $250k-1MM	98	$20,273	$206,867