First National Bank Mortgage Rates, Fees & Info

Paragould, AR

LEI: 5493003EW6T31TGECO83

Tax ID: 71-0397846

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

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Mortgage Data

Bank 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: Paragould, Little Rock, Jonesboro, Fayetteville, and Crestview among others. We have data for 27 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% 3/27/24
30 Year Conventional Refi 7.16% 3/27/24
30 Year Cash-out Refi 6.27% 3/27/24
15 Year Conventional Purchase 6.45% 3/27/24
15 Year Conventional Refi 6.76% 3/27/24
15 Year Cash-out Refi 6.76% 3/27/24
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






Your Estimates

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


Originations

623

Origination Dollar Volume (All Markets)

$169,935,000

Employee count

340 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
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.

Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 622 $169,570,000 $272,621 $1,311 4.26%
    HELOC 1 $365,000 $365,000 n/a 4.95%

    For 2021, First National Bank's most frequently originated type of loan was Conventional, with 622 originations. Their 2nd most popular type was HELOC, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, First National Bank's most frequently cited loan purpose was Home Purchase, with 411 originations. The 2nd most popular reason was 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 2021, First National Bank's most frequently cited loan duration was 20 Year, with 218 originations. The 2nd most popular length was 30 Year, with 144 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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
    $4k-5k 1 $855,000 $855,000
    $5k+ 1 $1,155,000 $1,155,000

    First National Bank's average total fees were $1,580, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 4.14%, while their most frequently originated rate bucket for loans was 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
    95.22%

    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
    91.33%

    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 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
    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

    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