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%	11/21/24
30 Year Conventional Refi	7.16%	11/21/24
30 Year Cash-out Refi	6.27%	11/21/24
15 Year Conventional Purchase	6.45%	11/21/24
15 Year Conventional Refi	6.76%	11/21/24
15 Year Cash-out Refi	6.76%	11/21/24
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

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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

576

Origination Dollar Volume (All Markets)

$123,500,000

Employee count

267

Awards

First National Bank 30 Year Conventional Loans gold

First National Bank 30 Year Conventional Loans bronze

Show all (4) 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)	195	$47,695,000	$244,590	$965	5.87%
Paragould, AR (FHA\|USDA\|VA)	180	$26,280,000	$146,000	$1,013	5.81%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA\|USDA\|VA)	35	$16,365,000	$467,571	$1,516	5.42%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	26	$13,560,000	$521,538	$2,441	5.44%
Outside of Metro Areas	100	$9,530,000	$95,300	$1,066	5.95%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	3	$2,495,000	$831,667	$0	5.40%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA\|USDA\|VA)	2	$1,850,000	$925,000	$0	5.30%
Mountain Home, AR (FHA\|USDA\|VA)	14	$1,650,000	$117,857	$1,009	5.61%
Kennett, MO (FHA\|USDA\|VA)	4	$1,420,000	$355,000	$1,184	5.11%
MEMPHIS, TN-MS-AR (FHA\|USDA\|VA)	3	$615,000	$205,000	$1,942	5.40%
HOT SPRINGS, AR (FHA\|USDA\|VA)	2	$560,000	$280,000	$2,058	5.63%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	2	$470,000	$235,000	$1,220	5.88%
GULFPORT-BILOXI, MS (FHA\|USDA\|VA)	1	$445,000	$445,000	$0	6.75%
Searcy, AR (FHA\|USDA\|VA)	3	$205,000	$68,333	$1,233	5.88%
FLORENCE-MUSCLE SHOALS, AL (FHA\|USDA\|VA)	1	$95,000	$95,000	$353	5.25%
Clewiston, FL (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	6.75%
CLARKSVILLE, TN-KY (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	5.75%
Batesville, AR (FHA\|USDA\|VA)	2	$70,000	$35,000	$946	5.38%
Blytheville, AR (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	5.00%

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)

Alabama (FHA|USDA|VA)

Missouri (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.

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FIRST WESTERN MORTGAGE, INC.
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Truity Federal Credit Union
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Farmers Bank & Trust Company
Similarity Rank: 805

TELCOE FEDERAL CREDIT UNION
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The First National Bank of Fort Smith
Similarity Rank: 1102

Armstrong Bank
Similarity Rank: 1422

GMFS LLC
Similarity Rank: 1430

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	576	$123,500,000	$214,410	$1,111	5.80%

For 2019, First National Bank's most frequently originated type of loan was Conventional, with 576 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	367	$78,285,000	$213,311	$1,270	5.74%
Refi	125	$38,165,000	$305,320	$962	5.78%
Home Improvement	40	$1,970,000	$49,250	$704	6.03%
Other	40	$2,860,000	$71,500	$712	6.27%
Cash Out Refi	4	$2,220,000	$555,000	$2,944	4.84%

For 2019, First National Bank's most frequently cited loan purpose was Home Purchase, with 367 originations. The 2nd most popular reason was Refi, with 125 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	162	$33,280,000	$205,432	$1,296	5.56%
20 Year	150	$35,580,000	$237,200	$1,023	5.78%
15 Year	76	$7,650,000	$100,658	$949	6.30%
Other	64	$27,370,000	$427,656	$893	5.80%
1 Year	63	$10,545,000	$167,381	$1,399	5.66%
10 Year	32	$1,740,000	$54,375	$707	6.08%
5 Year	25	$5,955,000	$238,200	$657	5.97%
30+ year	3	$1,365,000	$455,000	$2,009	5.67%
3 Year	1	$15,000	$15,000	$195	5.95%

For 2019, First National Bank's most frequently cited loan duration was 30 Year, with 162 originations. The 2nd most popular length was 20 Year, with 150 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	338	$49,210,000	$145,592
$1k-2k	2	$1,930,000	$965,000

First National Bank's average total fees were $1,296, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 338 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
5-6%	294	$54,010,000	$183,707
6-7%	152	$13,420,000	$88,289
4-5%	105	$43,295,000	$412,333
7-8%	14	$620,000	$44,286
Over 8%	9	$485,000	$53,889
3-4%	2	$11,670,000	$5,835,000

During 2019, First National Bank's average interest rate for loans was 5.56%, while their most frequently originated rate bucket for loans was 5-6%, with 294 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	290	$14,830,000	$51,138	$831	6.09%
$100k-200k	161	$22,885,000	$142,143	$1,153	5.59%
$200k-400k	78	$21,210,000	$271,923	$1,402	5.52%
$400k-600k	21	$10,055,000	$478,810	$2,093	5.39%
$1MM+	16	$47,290,000	$2,955,625	$4,657	4.93%
$600k-1MM	10	$7,230,000	$723,000	$1,622	5.27%

2019 saw First National Bank place emphasis on $100,000 or less loans with 290 originations, totaling $14,830,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	123	$8,965,000	$72,886	$1,011	5.85%
$50k-75k	81	$8,405,000	$103,765	$1,003	5.91%
$100k-150k	73	$12,245,000	$167,740	$1,113	5.97%
$75k-100k	61	$7,195,000	$117,951	$1,079	5.94%
$150k-250k	52	$8,290,000	$159,423	$1,052	5.75%
$250k+	42	$13,730,000	$326,905	$2,071	5.68%

First National Bank lent most frequently to those with incomes in the $50k or less range, with 123 originations. The second most popular income band? $50k-75k, with 81 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	85	$10,635,000	$125,118	$1,062	5.85%
30-36%	50	$6,750,000	$135,000	$1,097	5.82%
<20%	47	$4,075,000	$86,702	$960	5.86%
>60%	35	$7,715,000	$220,429	$1,211	5.74%
50-60%	22	$4,050,000	$184,091	$1,168	5.76%
38%	12	$1,240,000	$103,333	$953	6.06%
36%	11	$2,215,000	$201,364	$1,118	5.95%
41%	11	$2,255,000	$205,000	$1,115	5.90%
39%	9	$1,325,000	$147,222	$1,405	5.86%
37%	8	$620,000	$77,500	$978	5.94%
40%	8	$900,000	$112,500	$889	5.63%
45%	8	$1,040,000	$130,000	$1,319	5.53%
42%	7	$925,000	$132,143	$883	5.34%
46%	6	$2,260,000	$376,667	$2,100	5.75%
43%	5	$935,000	$187,000	$1,213	5.68%
47%	5	$435,000	$87,000	$1,127	5.59%
49%	5	$725,000	$145,000	$951	5.49%
48%	4	$700,000	$175,000	$1,232	5.63%
44%	2	$120,000	$60,000	$828	6.25%

First National Bank lent most frequently to those with DTI ratios of 20-30%, with 85 originations. The next most common DTI ratio? 30-36%, with 50 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	126	$61,660,000	$489,365	$1,605	5.61%
White	428	$58,450,000	$136,565	$1,096	5.85%
Not provided	12	$1,840,000	$153,333	$894	5.97%
Black	7	$1,275,000	$182,143	$2,278	5.39%
Asian Indian	1	$135,000	$135,000	$679	5.50%
American Indian	1	$115,000	$115,000	$1,111	5.50%
Native Hawaiian or Islander	1	$25,000	$25,000	$191	6.75%

Approval Rates

Total approvals of all applications
93.25%

First National Bank has an average approval rate.

Pick Rate

Approvals leading to origination
92.01%

First National Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	576	$123,500,000	$214,410

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	25	$45,745,000	$1,829,800
Single Family (1-4 Units):Manufactured	24	$1,190,000	$49,583
Single Family (1-4 Units):Site-Built	527	$76,565,000	$145,285

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	45	$2,385,000	$53,000	$737	5.93%
40-60%	77	$7,615,000	$98,896	$1,000	5.87%
60-80%	141	$40,185,000	$285,000	$1,213	5.71%
80-100%	289	$71,925,000	$248,875	$1,248	5.78%
Over 100%	8	$1,040,000	$130,000	$1,068	5.99%
Under 20%	15	$335,000	$22,333	$349	6.07%

Complaints

Bank Name	Product	Issue	2019 CPFB Complaints	% of Total Issues
FIRST NATIONAL BANK OF OMAHA	Conventional home mortgage	Closing on a mortgage	2	33.3%
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%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
First National Bank	11101 Rodney Parham Road Little Rock, AR 72212	Full Service B&M	$35,317
First National Bank	1324 Highway 25b North Heber Springs, AR 72543	Full Service B&M	$71,663
First National Bank	15721 Chenal Boulevard Little Rock, AR 72211	Full Service B&M	$38,144
First National Bank	1950 South Pleasant Street Springdale, AR 72764	Full Service B&M	$8,388
First National Bank	200 West Court Street Paragould, AR 72450	Full Service B&M	$596,795
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	$46,700
First National Bank	2691 East Mission Blvd Fayetteville, AR 72703	Full Service B&M	$31,582
First National Bank	2701 East Highland Drive Jonesboro, AR 72401	Full Service B&M	$33,129
First National Bank	2701 West Kings Highway Paragould, AR 72450	Full Service B&M	$26,093
First National Bank	300 Se Walton Boulevard Bentonville, AR 72712	Full Service B&M	$16,577
First National Bank	300 West Capitol Avenue Little Rock, AR 72201	Full Service B&M	$39,708
First National Bank	3500 East Johnson Avenue Jonesboro, AR 72401	Full Service B&M	$57,042
First National Bank	3701 Pinnacle Hills Parkway Rogers, AR 72758	Full Service B&M	$28,024
First National Bank	4000 Johnson Mill Blvd Johnson, AR 72741	Full Service B&M	$8,100
First National Bank	5601 Kavanaugh Boulevard Little Rock, AR 72207	Full Service B&M	$20,516
First National Bank	612 Missouri Avenue Corning, AR 72422	Full Service B&M	$115,278
First National Bank	635 East Main Street Piggott, AR 72454	Full Service B&M	$20,100
First National Bank	912 Southwest Drive Jonesboro, AR 72401	Full Service B&M	$107,832
First National Bank	9601 Lile Drive Little Rock, AR 72205	Full Service B&M	$26,033

For 2019, First National Bank had 20 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$72,988
Net interest income	$51,353
Total noninterest income	$16,492
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$5,523
Trading account gains and fees	$0
Additional Noninterest Income	$10,969
Pre-tax net operating income	$25,410
Securities gains (or losses, -)	$38
Income before extraordinary items	$20,053
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$20,053
Minority interest net income	$0
Net income	$20,053
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$20,022

First National Bank's gross interest income from loans was $72,988,000.
First National Bank's net interest income from loans was $51,353,000.
First National Bank's fee based income from loans was $5,523,000.
First National Bank's net income from loans was $20,053,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$21,635
Provision for credit losses	$4,179
Total noninterest expense	$38,256
Salaries and employee benefits	$19,686
Premises and equipment expense	$6,417
Additional noninterest expense	$12,153
Applicable income taxes	$5,395
Net charge-offs	$1,383
Cash dividends	$7,299

First National Bank's interest expense for loans was $21,635,000.
First National Bank's payroll and benefits expense were $19,686,000.
First National Bank's property, plant and equipment expenses $6,417,000.

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	1.0%
Personal loans	0.0%
Credit card loans	0.6%
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	$1,348,379
Deposits held in domestic offices	$1,348,379
Deposits by Individuals, partnerships, and corporations	$1,188,041
Deposits by U.S. Government	$11
Deposits by States and political subdivisions in the U.S.	$160,327
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	$476,516
Demand deposits	$94,846
Nontransaction accounts	$871,863
Money market deposit accounts (MMDAs)	$167,722
Other savings deposits (excluding MMDAs)	$76,940
Total time deposits	$627,200
Total time and savings deposits	$1,253,533
Noninterest-bearing deposits	$96,056
Interest-bearing deposits	$1,252,323
Retail deposits	$1,159,740
IRAs and Keogh plan accounts	$75,718
Brokered deposits	$58,061
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,627,120
Cash & Balances due from depository institutions	$107,076
Interest-bearing balances	$94,309
Total securities	$139,980
Federal funds sold & reverse repurchase	$0
Net loans and leases	$1,257,151
Loan and leases loss allowance	$19,915
Trading account assets	$0
Bank premises and fixed assets	$76,616
Other real estate owned	$74
Goodwill and other intangibles	$10,145
All other assets	$36,078

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,627,120
Total Liabilities	$1,449,691
Total deposits	$1,348,379
Interest-bearing deposits	$1,252,323
Deposits held in domestic offices	$1,348,379
% insured (estimated)	$84
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$95,320
Subordinated debt	$0
All other liabilities	$5,992

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$1,257,151
Loan and leases loss allowance	$19,915
Total loans and leases (domestic)	$1,277,066
All real estate loans	$1,022,979
Real estate loans in domestic offices	$1,022,979
Construction and development loans	$116,544
Residential 1-4 family construction	$28,632
Other construction, all land development and other land	$87,912
Loans secured by nonfarm nonresidential properties	$271,484
Nonfarm nonresidential secured by owner-occupied properties	$147,711
Commercial real estate & other non-farm, non-residential	$123,773
Multifamily residential real estate	$30,487
1-4 family residential loans	$462,023
Farmland loans	$142,441
Loans held in foreign offices	$0
Farm loans	$103,116
Commercial and industrial loans	$100,338
To non-U.S. addressees	$0
Loans to individuals	$40,605
Credit card loans	$4,122
Related Plans	$3,730
Consumer Auto Loans	$18,756
Other loans to individuals	$13,997
All other loans & leases	$10,028
Loans to foreign governments and official institutions	$0
Other loans	$6
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	$860
Non 1-4 family restructured loans & leases	$471
Total loans and leases (foreign)	$0

First National Bank had $1,257,151,000 of loans outstanding in 2019. $1,022,979,000 of loans were in real estate loans. $116,544,000 of loans were in development loans. $30,487,000 of loans were in multifamily mortgage loans. $462,023,000 of loans were in 1-4 family mortgage loans. $103,116,000 of loans were in farm loans. $4,122,000 of loans were in credit card loans. $18,756,000 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	404	$74,300	$183,911
Nonfarm, nonresidential loans - <$100k	110	$4,674	$42,491
Nonfarm, nonresidential loans - $100-250k	154	$18,682	$121,312
Nonfarm, nonresidential loans - $250k-1MM	140	$50,944	$363,886
Commercial & Industrial, US addressed loans - <$1MM	1,030	$60,235	$58,481
Commercial & Industrial, US addressed loans - <$100k	805	$18,029	$22,396
Commercial & Industrial, US addressed loans - $100-250k	127	$12,265	$96,575
Commercial & Industrial, US addressed loans - $250k-1MM	98	$29,941	$305,520
Farmland loans - <$1MM	262	$32,496	$124,031
Farmland loans - <$100k	107	$4,291	$40,103
Farmland loans - $100-250k	92	$11,254	$122,326
Farmland loans - $250k-1MM	63	$16,951	$269,063
Agriculture operations loans - <$1MM	414	$31,414	$75,879
Agriculture operations loans - <$100k	269	$5,801	$21,565
Agriculture operations loans - $100-250k	69	$7,771	$112,623
Agriculture operations loans - $250k-1MM	76	$17,842	$234,763