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: Fayetteville, Jonesboro, Paragould, Crestview, and Little Rock among others. We have data for 22 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 about average 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.

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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

Purchase Price:

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% Deposit:

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Your Estimates

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

750

Origination Dollar Volume (All Markets)

$251,520,000

Employee count

266

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
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA\|USDA\|VA)	137	$86,855,000	$633,978	$1,611	4.23%
JONESBORO, AR (FHA\|USDA\|VA)	211	$43,695,000	$207,085	$1,126	4.39%
Paragould, AR (FHA\|USDA\|VA)	171	$26,475,000	$154,825	$1,094	4.33%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	9	$25,055,000	$2,783,889	$0	3.77%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	44	$24,180,000	$549,545	$1,316	4.23%
OKLAHOMA CITY, OK (FHA\|USDA\|VA)	1	$15,235,000	$15,235,000	$0	3.60%
Outside of Metro Areas	129	$13,145,000	$101,899	$1,144	4.48%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA\|USDA\|VA)	3	$4,205,000	$1,401,667	$0	3.97%
HOT SPRINGS, AR (FHA\|USDA\|VA)	10	$3,450,000	$345,000	$1,529	4.16%
TULSA, OK (FHA\|USDA\|VA)	1	$3,005,000	$3,005,000	$0	4.10%
FORT SMITH, AR-OK (FHA\|USDA\|VA)	3	$1,415,000	$471,667	$1,838	4.23%
Batesville, AR (FHA\|USDA\|VA)	11	$1,295,000	$117,727	$1,245	4.24%
Mountain Home, AR (FHA\|USDA\|VA)	11	$1,155,000	$105,000	$1,180	4.39%
Breckenridge, CO (FHA\|USDA\|VA)	1	$605,000	$605,000	$0	4.50%
Sevierville, TN (FHA\|USDA\|VA)	1	$555,000	$555,000	$0	3.50%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	1	$485,000	$485,000	$0	4.00%
GULFPORT-BILOXI, MS (FHA\|USDA\|VA)	1	$335,000	$335,000	$0	4.50%
COLUMBIA, MO (FHA\|USDA\|VA)	1	$175,000	$175,000	$1,105	3.95%
Blytheville, AR (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	5.25%
Searcy, AR (FHA\|USDA\|VA)	1	$55,000	$55,000	$1,091	4.45%
Russellville, AR (FHA\|USDA\|VA)	1	$35,000	$35,000	$895	4.95%
Kennett, MO (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	4.75%

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

Their top states include:

Arkansas (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Oklahoma (FHA|USDA|VA)

Alabama (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.

The First National Bank of Fort Smith
Similarity Rank: 468

First Arkansas Bank and Trust
Similarity Rank: 528

FIRST WESTERN MORTGAGE, INC.
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Firstar Bank
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TELCOE FEDERAL CREDIT UNION
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Farmers Bank & Trust Company
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Truity Federal Credit Union
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Armstrong Bank
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Southern Bank
Similarity Rank: 2014

STANDARD MORTGAGE CORPORATION
Similarity Rank: 2211

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	750	$251,520,000	$335,360	$1,177	4.34%

For 2020, First National Bank's most frequently originated type of loan was Conventional, with 750 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	432	$151,210,000	$350,023	$1,287	4.33%
Refi	249	$94,525,000	$379,618	$1,051	4.23%
Home Improvement	40	$3,320,000	$83,000	$871	4.77%
Other	28	$2,260,000	$80,714	$1,090	4.80%
NA	1	$205,000	$205,000	$0	4.75%

For 2020, First National Bank's most frequently cited loan purpose was Home Purchase, with 432 originations. The 2nd most popular reason was Refi, with 249 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
20 Year	230	$59,180,000	$257,304	$1,193	4.34%
30 Year	155	$29,915,000	$193,000	$1,328	4.25%
Other	113	$75,965,000	$672,257	$990	4.23%
15 Year	85	$17,465,000	$205,471	$1,047	4.57%
1 Year	64	$13,780,000	$215,313	$1,334	4.34%
10 Year	47	$7,315,000	$155,638	$945	4.33%
5 Year	44	$45,790,000	$1,040,682	$624	4.45%
30+ year	7	$1,665,000	$237,857	$1,458	4.14%
3 Year	5	$445,000	$89,000	$655	4.49%

For 2020, First National Bank's most frequently cited loan duration was 20 Year, with 230 originations. The 2nd most popular length was 30 Year, with 155 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	337	$50,215,000	$149,006

First National Bank's average total fees were $1,328, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 337 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	399	$92,025,000	$230,639
3-4%	308	$155,220,000	$503,961
5-6%	31	$3,365,000	$108,548
Over 8%	6	$190,000	$31,667
6-7%	3	$265,000	$88,333
2.5-3%	1	$105,000	$105,000

During 2020, First National Bank's average interest rate for loans was 4.25%, while their most frequently originated rate bucket for loans was 4-5%, with 399 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	283	$15,795,000	$55,813	$948	4.58%
$100k-200k	236	$33,340,000	$141,271	$1,221	4.28%
$200k-400k	135	$37,985,000	$281,370	$1,526	4.15%
$400k-600k	37	$17,815,000	$481,486	$1,746	4.05%
$1MM+	30	$124,510,000	$4,150,333	$2,826	3.89%
$600k-1MM	29	$22,075,000	$761,207	$1,992	4.19%

2020 saw First National Bank place emphasis on $100,000 or less loans with 283 originations, totaling $15,795,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	136	$12,910,000	$94,926	$1,083	4.54%
$50k-75k	82	$8,410,000	$102,561	$1,107	4.43%
$150k-250k	69	$12,445,000	$180,362	$1,324	4.41%
$100k-150k	67	$11,255,000	$167,985	$1,291	4.28%
$75k-100k	57	$6,975,000	$122,368	$1,079	4.39%
$250k+	56	$16,380,000	$292,500	$1,540	4.17%

First National Bank lent most frequently to those with incomes in the $50k or less range, with 136 originations. The second most popular income band? $50k-75k, with 82 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	88	$11,190,000	$127,159	$1,155	4.52%
<20%	60	$9,020,000	$150,333	$1,154	4.27%
30-36%	53	$8,195,000	$154,623	$1,211	4.27%
>60%	28	$5,550,000	$198,214	$1,232	4.13%
50-60%	20	$2,890,000	$144,500	$1,204	4.23%
39%	15	$3,045,000	$203,000	$1,374	4.91%
36%	11	$1,285,000	$116,818	$1,144	4.25%
37%	10	$1,040,000	$104,000	$1,136	4.62%
41%	10	$1,730,000	$173,000	$1,256	4.49%
38%	9	$1,385,000	$153,889	$1,327	4.29%
40%	8	$1,160,000	$145,000	$1,141	4.98%
44%	7	$555,000	$79,286	$785	4.76%
42%	6	$790,000	$131,667	$1,171	3.93%
43%	6	$890,000	$148,333	$929	4.26%
48%	5	$635,000	$127,000	$987	4.43%
49%	4	$570,000	$142,500	$1,052	5.54%
46%	3	$115,000	$38,333	$794	4.47%
47%	2	$330,000	$165,000	$1,227	4.50%
45%	1	$45,000	$45,000	$973	4.50%

First National Bank lent most frequently to those with DTI ratios of 20-30%, with 88 originations. The next most common DTI ratio? <20%, with 60 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	275	$181,865,000	$661,327	$1,546	4.23%
White	429	$62,135,000	$144,837	$1,173	4.41%
Not provided	38	$5,940,000	$156,316	$1,064	4.27%
Black	2	$550,000	$275,000	$1,706	4.45%
Asian	3	$495,000	$165,000	$1,312	4.33%
Asian Indian	1	$265,000	$265,000	$1,622	3.95%
Other Asian	1	$135,000	$135,000	$1,533	4.50%
Vietnamese	1	$135,000	$135,000	$1,231	4.95%

Approval Rates

Total approvals of all applications
95.83%

First National Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
95.73%

First National Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

Points and Fees

Points	Originations	Total Value	Average Loan
125.0	2	$80,000	$40,000
NA	748	$251,440,000	$336,150

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	59	$128,595,000	$2,179,576
Single Family (1-4 Units):Manufactured	33	$2,505,000	$75,909
Single Family (1-4 Units):Site-Built	658	$120,420,000	$183,009

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	58	$7,570,000	$130,517	$875	4.49%
40-60%	81	$15,815,000	$195,247	$1,157	4.26%
60-80%	247	$135,035,000	$546,700	$1,176	4.31%
80-100%	344	$89,590,000	$260,436	$1,272	4.34%
Over 100%	9	$3,055,000	$339,444	$1,558	4.40%
Under 20%	9	$335,000	$37,222	$624	4.66%

Complaints

Bank Name	Product	Issue	2020 CPFB Complaints	% of Total Issues
FIRST NATIONAL BANK OF OMAHA	Conventional home mortgage	Applying for a mortgage or refinancing an existing mortgage	1	14.3%
FIRST NATIONAL BANK OF OMAHA	Other type of mortgage	Trouble during payment process	1	14.3%
FIRST NATIONAL BANK OF OMAHA	FHA mortgage	Struggling to pay mortgage	1	14.3%
FIRST NATIONAL BANK OF OMAHA	Conventional home mortgage	Trouble during payment process	2	28.6%
FIRST NATIONAL BANK OF OMAHA	Conventional home mortgage	Struggling to pay mortgage	2	28.6%

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	$38,497
First National Bank	1324 Highway 25b North Heber Springs, AR 72543	Full Service B&M	$86,036
First National Bank	15721 Chenal Boulevard Little Rock, AR 72211	Full Service B&M	$41,721
First National Bank	1950 South Pleasant Street Springdale, AR 72764	Full Service B&M	$10,388
First National Bank	200 West Court Street Paragould, AR 72450	Full Service B&M	$633,133
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	$47,127
First National Bank	2691 East Mission Blvd Fayetteville, AR 72703	Full Service B&M	$29,979
First National Bank	2701 East Highland Drive Jonesboro, AR 72401	Full Service B&M	$41,000
First National Bank	2701 West Kings Highway Paragould, AR 72450	Full Service B&M	$32,986
First National Bank	300 Se Walton Boulevard Bentonville, AR 72712	Full Service B&M	$16,931
First National Bank	300 West Capitol Avenue Little Rock, AR 72201	Full Service B&M	$40,839
First National Bank	3500 East Johnson Avenue Jonesboro, AR 72401	Full Service B&M	$83,366
First National Bank	3701 Pinnacle Hills Parkway Rogers, AR 72758	Full Service B&M	$29,655
First National Bank	4000 Johnson Mill Blvd Johnson, AR 72741	Full Service B&M	$8,398
First National Bank	5601 Kavanaugh Boulevard Little Rock, AR 72207	Full Service B&M	$22,941
First National Bank	612 Missouri Avenue Corning, AR 72422	Full Service B&M	$129,474
First National Bank	635 East Main Street Piggott, AR 72454	Full Service B&M	$26,583
First National Bank	912 Southwest Drive Jonesboro, AR 72401	Full Service B&M	$111,542
First National Bank	9601 Lile Drive Little Rock, AR 72205	Full Service B&M	$49,554

For 2020, First National Bank had 20 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$70,106
Net interest income	$51,816
Total noninterest income	$13,462
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$4,651
Trading account gains and fees	$0
Additional Noninterest Income	$8,811
Pre-tax net operating income	$20,588
Securities gains (or losses, -)	$53
Income before extraordinary items	$16,686
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$16,686
Minority interest net income	$0
Net income	$16,686
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$16,643

First National Bank's gross interest income from loans was $70,106,000.
First National Bank's net interest income from loans was $51,816,000.
First National Bank's fee based income from loans was $4,651,000.
First National Bank's net income from loans was $16,686,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$18,290
Provision for credit losses	$3,784
Total noninterest expense	$40,906
Salaries and employee benefits	$20,500
Premises and equipment expense	$7,287
Additional noninterest expense	$13,119
Applicable income taxes	$3,955
Net charge-offs	$3,639
Cash dividends	$6,299

First National Bank's interest expense for loans was $18,290,000.
First National Bank's payroll and benefits expense were $20,500,000.
First National Bank's property, plant and equipment expenses $7,287,000.

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	0.4%
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	$1,574,317
Deposits held in domestic offices	$1,574,317
Deposits by Individuals, partnerships, and corporations	$1,411,641
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$162,676
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	$640,308
Demand deposits	$164,172
Nontransaction accounts	$934,009
Money market deposit accounts (MMDAs)	$259,660
Other savings deposits (excluding MMDAs)	$112,926
Total time deposits	$561,421
Total time and savings deposits	$1,410,145
Noninterest-bearing deposits	$165,270
Interest-bearing deposits	$1,409,047
Retail deposits	$1,432,040
IRAs and Keogh plan accounts	$76,377
Brokered deposits	$31,744
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,874,026
Cash & Balances due from depository institutions	$133,392
Interest-bearing balances	$119,463
Total securities	$141,218
Federal funds sold & reverse repurchase	$0
Net loans and leases	$1,470,347
Loan and leases loss allowance	$20,060
Trading account assets	$0
Bank premises and fixed assets	$81,243
Other real estate owned	$143
Goodwill and other intangibles	$9,857
All other assets	$37,826

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,874,026
Total Liabilities	$1,665,172
Total deposits	$1,574,317
Interest-bearing deposits	$1,409,047
Deposits held in domestic offices	$1,574,317
% insured (estimated)	$79
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$84,849
Subordinated debt	$0
All other liabilities	$6,006

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$1,470,347
Loan and leases loss allowance	$20,060
Total loans and leases (domestic)	$1,490,407
All real estate loans	$1,200,869
Real estate loans in domestic offices	$1,200,869
Construction and development loans	$130,798
Residential 1-4 family construction	$40,823
Other construction, all land development and other land	$89,975
Loans secured by nonfarm nonresidential properties	$417,373
Nonfarm nonresidential secured by owner-occupied properties	$193,007
Commercial real estate & other non-farm, non-residential	$224,366
Multifamily residential real estate	$39,948
1-4 family residential loans	$490,866
Farmland loans	$121,884
Loans held in foreign offices	$0
Farm loans	$98,098
Commercial and industrial loans	$138,144
To non-U.S. addressees	$0
Loans to individuals	$41,675
Credit card loans	$3,917
Related Plans	$3,728
Consumer Auto Loans	$18,813
Other loans to individuals	$15,217
All other loans & leases	$11,621
Loans to foreign governments and official institutions	$0
Other loans	$208
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	$696
Non 1-4 family restructured loans & leases	$436
Total loans and leases (foreign)	$0

First National Bank had $1,470,347,000 of loans outstanding in 2020. $1,200,869,000 of loans were in real estate loans. $130,798,000 of loans were in development loans. $39,948,000 of loans were in multifamily mortgage loans. $490,866,000 of loans were in 1-4 family mortgage loans. $98,098,000 of loans were in farm loans. $3,917,000 of loans were in credit card loans. $18,813,000 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	425	$86,251	$202,944
Nonfarm, nonresidential loans - <$100k	109	$4,744	$43,523
Nonfarm, nonresidential loans - $100-250k	146	$17,223	$117,966
Nonfarm, nonresidential loans - $250k-1MM	170	$64,284	$378,141
Commercial & Industrial, US addressed loans - <$1MM	904	$53,447	$59,123
Commercial & Industrial, US addressed loans - <$100k	709	$16,152	$22,781
Commercial & Industrial, US addressed loans - $100-250k	104	$10,446	$100,442
Commercial & Industrial, US addressed loans - $250k-1MM	91	$26,849	$295,044
Farmland loans - <$1MM	232	$30,313	$130,659
Farmland loans - <$100k	95	$4,059	$42,726
Farmland loans - $100-250k	81	$10,557	$130,333
Farmland loans - $250k-1MM	56	$15,697	$280,304
Agriculture operations loans - <$1MM	371	$28,751	$77,496
Agriculture operations loans - <$100k	239	$5,503	$23,025
Agriculture operations loans - $100-250k	66	$7,685	$116,439
Agriculture operations loans - $250k-1MM	66	$15,563	$235,803