First Arkansas Bank And Trust Mortgage Rates, Fees & Info

Jacksonville, AR

LEI: 5493007BBMW58UQT5588

Tax ID: 71-0231333

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    First Arkansas Bank And Trust is a smaller bank specializing in Home Purchase loans. First Arkansas Bank And Trust has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Little Rock, Searcy, Jonesboro, Pine Bluff, and Russellville among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Arkansas Bank And Trust has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Arkansas Bank And Trust 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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    Originations

    244

    Origination Dollar Volume (All Markets)

    $40,840,000

    Employee count

    280 Show all (10) 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
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 198 $33,710,000 $170,253 $2,416 4.99%
    Outside of Metro Areas 25 $3,405,000 $136,200 $2,358 4.71%
    Searcy, AR (FHA|USDA|VA) 9 $1,705,000 $189,444 $3,388 4.39%
    JONESBORO, AR (FHA|USDA|VA) 4 $950,000 $237,500 $0 5.39%
    PINE BLUFF, AR (FHA|USDA|VA) 1 $305,000 $305,000 $3,546 4.63%
    Russellville, AR (FHA|USDA|VA) 1 $225,000 $225,000 $2,696 4.88%
    Harrison, AR (FHA|USDA|VA) 2 $180,000 $90,000 $0 6.10%
    Mountain Home, AR (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.50%
    Batesville, AR (FHA|USDA|VA) 1 $85,000 $85,000 $3,530 4.25%
    Camden, AR (FHA|USDA|VA) 1 $75,000 $75,000 $2,447 4.38%
    HOT SPRINGS, AR (FHA|USDA|VA) 1 $55,000 $55,000 $2,078 4.88%
    First Arkansas Bank And Trust's top markets include Little Rock, Searcy, Jonesboro, Pine Bluff, and Russellville among others.

    Their top states include:
  • Arkansas (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against First Arkansas Bank and Trust 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
    Similarity Rank: 448
    ARKANSAS Federal Credit Union
    Similarity Rank: 611
    First Arkansas Bank and Trust
    Similarity Rank: 781
    First Security Bank
    Similarity Rank: 1050
    Farmers Bank & Trust Company
    Similarity Rank: 1053
    First Financial Bank
    Similarity Rank: 1950
    THE CARROLL MORTGAGE GROUP, INC.
    Similarity Rank: 2041
    Bank OZK
    Similarity Rank: 2700
    BancorpSouth
    Similarity Rank: 2928

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 163 $28,885,000 $177,209 $2,152 5.21%
    VA 35 $6,085,000 $173,857 $2,842 4.31%
    FHA 32 $4,200,000 $131,250 $3,376 4.44%
    USDA 14 $1,670,000 $119,286 $1,475 4.68%

    For 2018, First Arkansas Bank And Trust's most frequently originated type of loan was Conventional, with 163 originations. Their 2nd most popular type was VA, with 35 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 195 $32,435,000 $166,333 $2,173 4.94%
    Refi 34 $5,860,000 $172,353 $3,713 4.93%
    Cash Out Refi 8 $900,000 $112,500 $2,492 4.58%
    Home Improvement 6 $1,620,000 $270,000 $4,705 5.58%
    Other 1 $25,000 $25,000 $300 5.25%

    For 2018, First Arkansas Bank And Trust's most frequently cited loan purpose was Home Purchase, with 195 originations. The 2nd most popular reason was Refi, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 146 $23,410,000 $160,342 $2,531 4.61%
    5 Year 34 $9,820,000 $288,824 $194 5.55%
    3 Year 21 $2,175,000 $103,571 $0 6.01%
    Other 18 $2,990,000 $166,111 $2,690 5.44%
    15 Year 11 $1,685,000 $153,182 $2,372 4.27%
    1 Year 8 $500,000 $62,500 $0 5.81%
    10 Year 4 $90,000 $22,500 $1,731 5.03%
    20 Year 2 $170,000 $85,000 $1,213 4.44%

    For 2018, First Arkansas Bank And Trust's most frequently cited loan duration was 30 Year, with 146 originations. The 2nd most popular length was 5 Year, with 34 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 155 $22,625,000 $145,968
    $1k-2k 15 $2,825,000 $188,333
    $2k-3k 2 $350,000 $175,000
    $3k-4k 1 $245,000 $245,000
    $4k-5k 1 $235,000 $235,000

    First Arkansas Bank And Trust's average total fees were $2,531, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 155 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 142 $26,830,000 $188,944
    5-6% 77 $10,955,000 $142,273
    6-7% 12 $1,440,000 $120,000
    3-4% 10 $1,600,000 $160,000

    During 2018, First Arkansas Bank And Trust's average interest rate for loans was 4.61%, while their most frequently originated rate bucket for loans was 4-5%, with 142 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 108 $15,200,000 $140,741 $2,342 4.86%
    $100,000 or less 79 $4,835,000 $61,203 $1,780 5.19%
    $200k-400k 48 $12,560,000 $261,667 $3,321 4.74%
    $400k-600k 4 $1,950,000 $487,500 $5,603 5.01%
    $1MM+ 3 $4,565,000 $1,521,667 $0 5.33%
    $600k-1MM 2 $1,730,000 $865,000 $0 4.61%

    2018 saw First Arkansas Bank And Trust place emphasis on $100k-200k loans with 108 originations, totaling $15,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 64 $6,240,000 $97,500 $1,858 4.70%
    $50k-75k 46 $6,400,000 $139,130 $2,216 4.80%
    $100k-150k 40 $8,010,000 $200,250 $3,420 4.81%
    $75k-100k 27 $4,065,000 $150,556 $2,829 4.64%
    $150k-250k 13 $3,235,000 $248,846 $2,815 4.93%
    $250k+ 4 $540,000 $135,000 $2,221 5.25%

    First Arkansas Bank And Trust lent most frequently to those with incomes in the $50k or less range, with 64 originations. The second most popular income band? $50k-75k, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 47 $6,255,000 $133,085 $2,229 4.74%
    20-30% 36 $5,490,000 $152,500 $2,680 4.75%
    <20% 17 $1,665,000 $97,941 $1,471 4.93%
    42% 11 $1,265,000 $115,000 $1,361 4.70%
    43% 10 $1,480,000 $148,000 $2,871 4.41%
    44% 8 $1,610,000 $201,250 $3,025 4.63%
    41% 7 $1,215,000 $173,571 $3,957 4.21%
    40% 7 $885,000 $126,429 $4,024 4.80%
    46% 7 $1,375,000 $196,429 $2,360 5.24%
    45% 6 $1,080,000 $180,000 $3,190 4.54%
    37% 6 $850,000 $141,667 $1,915 4.55%
    50-60% 5 $915,000 $183,000 $1,468 4.85%
    39% 5 $865,000 $173,000 $1,828 4.93%
    36% 5 $735,000 $147,000 $1,101 4.53%
    38% 4 $850,000 $212,500 $5,286 4.63%
    47% 2 $280,000 $140,000 $2,182 4.06%
    48% 2 $260,000 $130,000 $2,239 4.88%

    First Arkansas Bank And Trust lent most frequently to those with DTI ratios of 30-36%, with 47 originations. The next most common DTI ratio? 20-30%, with 36 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 166 $25,630,000 $154,398 $2,456 4.76%
    Not applicable 47 $10,645,000 $226,489 $0 5.67%
    Asian 9 $1,725,000 $191,667 $3,896 5.11%
    Not provided 9 $1,595,000 $177,222 $2,566 4.71%
    Black 13 $1,245,000 $95,769 $1,551 4.65%

    Approval Rates

    Total approvals of all applications
    92.08%

    First Arkansas Bank And Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.54%

    First Arkansas Bank And Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 244 $40,840,000 $167,377

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $7,075,000 $786,111
    Single Family (1-4 Units):Site-Built 235 $33,765,000 $143,681

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $425,000 $60,714 $1,968 5.25%
    40-60% 18 $2,350,000 $130,556 $2,425 4.92%
    60-80% 72 $14,530,000 $201,806 $2,476 5.01%
    80-100% 135 $22,545,000 $167,000 $2,503 4.90%
    Over 100% 3 $595,000 $198,333 $5,948 4.54%
    Under 20% 8 $300,000 $37,500 $625 5.33%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Problem with a credit reporting company's investigation into an existing problem 1 7.1%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 3 21.4%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 5 35.7%
    FIRST HORIZON BANK FHA mortgage Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Incorrect information on your report 1 7.1%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Arkansas Bank and Trust 10 South Broadway Damascus, AR 72039 Full Service B&M $8,048
    First Arkansas Bank and Trust 105 South Rockwood Cabot, AR 72023 Full Service B&M $21,136
    First Arkansas Bank and Trust 11 North Broadview Greenbrier, AR 72058 Full Service B&M $12,873
    First Arkansas Bank and Trust 121 Bill Foster Memorial Highway Cabot, AR 72023 Full Service Retail $8,794
    First Arkansas Bank and Trust 1230 Highway 25b North Heber Springs, AR 72543 Full Service B&M $23,461
    First Arkansas Bank and Trust 14917 Hwy 107 Gravel Ridge, AR 72076 Full Service B&M $16,958
    First Arkansas Bank and Trust 1500-A Highway 25 By-Pass Heber Springs, AR 72543 Full Service B&M $4,302
    First Arkansas Bank and Trust 1685 East Main Austin, AR 72007 Full Service B&M $8,550
    First Arkansas Bank and Trust 185 Bone Street Clinton, AR 72031 Full Service B&M $9,409
    First Arkansas Bank and Trust 2030 John Harden Drive Jacksonville, AR 72076 Full Service Retail $5,681
    First Arkansas Bank and Trust 2200 Wildwood Avenue Sherwood, AR 72120 Full Service B&M $13,670
    First Arkansas Bank and Trust 2519 W Main St Jacksonville, AR 72076 Full Service B&M $14,554
    First Arkansas Bank and Trust 3166 Highway 367 South Cabot, AR 72023 Full Service B&M $11,957
    First Arkansas Bank and Trust 3607 Kiehl Avenue Sherwood, AR 72120 Full Service B&M $3,851
    First Arkansas Bank and Trust 367 Hwy 25 N #1 Greenbrier, AR 72058 Full Service B&M $7,170
    First Arkansas Bank and Trust 501 J.P. Wright Loop Road Jacksonville, AR 72076 Full Service B&M $12,224
    First Arkansas Bank and Trust 5825 Heber Springs Road West Quitman, AR 72131 Full Service B&M $10,205
    First Arkansas Bank and Trust 600 West Main Street Jacksonville, AR 72076 Full Service Cyber Office $11,354
    First Arkansas Bank and Trust 600 West Main Street Jacksonville, AR 72076 Full Service B&M $296,733
    First Arkansas Bank and Trust 804 Hogan Lane Conway, AR 72034 Full Service B&M $232
    First Arkansas Bank and Trust 806 W Main St Heber Springs, AR 72543 Full Service B&M $60,646
    First Arkansas Bank and Trust Building 795, Arnold Drive Jacksonville, AR 72076 Full Service B&M $16,977
    First Arkansas Bank and Trust Greers Ferry Rd Greers Ferry, AR 72067 Full Service B&M $20,106

    For 2018, First Arkansas Bank And Trust had 23 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $31,746
    Net interest income $29,690
    Total noninterest income $25,355
    Gross Fiduciary activities income $554
    Service charges on deposit accounts $1,697
    Trading account gains and fees $0
    Additional Noninterest Income $23,104
    Pre-tax net operating income $11,262
    Securities gains (or losses, -) $89
    Income before extraordinary items $11,351
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,351
    Minority interest net income $0
    Net income $11,351
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,262

    First Arkansas Bank And Trust's gross interest income from loans was $31,746,000.
    First Arkansas Bank And Trust's net interest income from loans was $29,690,000.
    First Arkansas Bank And Trust's fee based income from loans was $1,697,000.
    First Arkansas Bank And Trust's net income from loans was $11,351,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,056
    Provision for credit losses $3,220
    Total noninterest expense $40,563
    Salaries and employee benefits $17,679
    Premises and equipment expense $4,089
    Additional noninterest expense $18,795
    Applicable income taxes $0
    Net charge-offs $3,332
    Cash dividends $2,150

    First Arkansas Bank And Trust's interest expense for loans was $2,056,000.
    First Arkansas Bank And Trust's payroll and benefits expense were $17,679,000.
    First Arkansas Bank And Trust's property, plant and equipment expenses $4,089,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    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 0.6%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $556,016
    Deposits held in domestic offices $556,016
    Deposits by Individuals, partnerships, and corporations $486,053
    Deposits by U.S. Government $122
    Deposits by States and political subdivisions in the U.S. $67,878
    Deposits by Commercial banks and other depository institutions in U.S. $1,963
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $103,830
    Demand deposits $32,711
    Nontransaction accounts $452,186
    Money market deposit accounts (MMDAs) $27,913
    Other savings deposits (excluding MMDAs) $367,230
    Total time deposits $57,043
    Total time and savings deposits $523,305
    Noninterest-bearing deposits $116,404
    Interest-bearing deposits $439,612
    Retail deposits $551,982
    IRAs and Keogh plan accounts $19,726
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $761,065
    Cash & Balances due from depository institutions $14,007
    Interest-bearing balances $226
    Total securities $180,837
    Federal funds sold & reverse repurchase $0
    Net loans and leases $481,841
    Loan and leases loss allowance $8,721
    Trading account assets $0
    Bank premises and fixed assets $23,887
    Other real estate owned $114
    Goodwill and other intangibles $30,293
    All other assets $30,086

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $761,065
    Total Liabilities $616,121
    Total deposits $556,016
    Interest-bearing deposits $439,612
    Deposits held in domestic offices $556,016
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $16,629
    Trading liabilities $0
    Other borrowed funds $35,213
    Subordinated debt $0
    All other liabilities $8,263

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $481,841
    Loan and leases loss allowance $8,721
    Total loans and leases (domestic) $490,562
    All real estate loans $300,307
    Real estate loans in domestic offices $300,307
    Construction and development loans $49,947
    Residential 1-4 family construction $21,057
    Other construction, all land development and other land $28,890
    Loans secured by nonfarm nonresidential properties $150,798
    Nonfarm nonresidential secured by owner-occupied properties $68,249
    Commercial real estate & other non-farm, non-residential $82,549
    Multifamily residential real estate $2,884
    1-4 family residential loans $93,434
    Farmland loans $3,244
    Loans held in foreign offices $0
    Farm loans $2,032
    Commercial and industrial loans $128,282
    To non-U.S. addressees $0
    Loans to individuals $58,860
    Credit card loans $45,420
    Related Plans $5
    Consumer Auto Loans $1,241
    Other loans to individuals $12,194
    All other loans & leases $1,081
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $2
    Loans not secured by real estate $2,164
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,023
    Non 1-4 family restructured loans & leases $1,295
    Total loans and leases (foreign) $0

    First Arkansas Bank and Trust had $481,841,000 of loans outstanding in 2018. $300,307,000 of loans were in real estate loans. $49,947,000 of loans were in development loans. $2,884,000 of loans were in multifamily mortgage loans. $93,434,000 of loans were in 1-4 family mortgage loans. $2,032,000 of loans were in farm loans. $45,420,000 of loans were in credit card loans. $1,241,000 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 238 $45,001 $189,080
    Nonfarm, nonresidential loans - <$100k 79 $2,758 $34,911
    Nonfarm, nonresidential loans - $100-250k 92 $12,004 $130,478
    Nonfarm, nonresidential loans - $250k-1MM 67 $30,239 $451,328
    Commercial & Industrial, US addressed loans - <$1MM 421 $35,048 $83,249
    Commercial & Industrial, US addressed loans - <$100k 265 $7,054 $26,619
    Commercial & Industrial, US addressed loans - $100-250k 106 $13,322 $125,679
    Commercial & Industrial, US addressed loans - $250k-1MM 50 $14,672 $293,440
    Farmland loans - <$1MM 30 $2,529 $84,300
    Farmland loans - <$100k 19 $533 $28,053
    Farmland loans - $100-250k 9 $1,421 $157,889
    Farmland loans - $250k-1MM 2 $575 $287,500
    Agriculture operations loans - <$1MM 45 $782 $17,378
    Agriculture operations loans - <$100k 45 $782 $17,378