First Arkansas Bank And Trust Mortgage Rates, Fees & Info

Jacksonville, AR

LEI: 5493007BBMW58UQT5588

Tax ID: 71-0231333

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

Jump to:

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, Hot Springs, Jonesboro, and Pine Bluff among others. We have data for 8 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.

    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.


    Originations

    280

    Origination Dollar Volume (All Markets)

    $45,180,000

    Employee count

    268 Show all (11) 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) 232 $38,590,000 $166,336 $2,456 4.54%
    Outside of Metro Areas 25 $3,235,000 $129,400 $2,677 4.34%
    Searcy, AR (FHA|USDA|VA) 16 $2,620,000 $163,750 $2,170 4.33%
    HOT SPRINGS, AR (FHA|USDA|VA) 2 $260,000 $130,000 $2,607 4.25%
    JONESBORO, AR (FHA|USDA|VA) 1 $145,000 $145,000 $2,251 4.00%
    PINE BLUFF, AR (FHA|USDA|VA) 1 $125,000 $125,000 $576 3.50%
    FORT SMITH, AR-OK (FHA|USDA|VA) 2 $110,000 $55,000 $1,577 3.88%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $95,000 $95,000 $2,137 3.88%
    First Arkansas Bank And Trust's top markets include Little Rock, Searcy, Hot Springs, Jonesboro, and Pine Bluff 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.

    First Arkansas Bank and Trust
    Similarity Rank: 392
    First Security Bank
    Similarity Rank: 580
    Farmers Bank & Trust Company
    Similarity Rank: 805
    TELCOE FEDERAL CREDIT UNION
    Similarity Rank: 902
    First National Bank
    Similarity Rank: 1197
    ARKANSAS Federal Credit Union
    Similarity Rank: 1260
    First Financial Bank
    Similarity Rank: 1482
    PILGRIM MORTGAGE LLC
    Similarity Rank: 2720
    Bank OZK
    Similarity Rank: 4018
    Reliant Bank
    Similarity Rank: 5520

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 201 $33,075,000 $164,552 $1,950 4.79%
    FHA 36 $5,210,000 $144,722 $3,840 3.83%
    VA 31 $5,455,000 $175,968 $3,157 3.63%
    USDA 12 $1,440,000 $120,000 $2,067 3.92%

    For 2019, First Arkansas Bank And Trust's most frequently originated type of loan was Conventional, with 201 originations. Their 2nd most popular type was FHA, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 217 $33,455,000 $154,171 $2,330 4.53%
    Refi 43 $8,905,000 $207,093 $2,926 4.52%
    Cash Out Refi 11 $1,795,000 $163,182 $2,612 3.94%
    Home Improvement 9 $1,025,000 $113,889 $2,516 4.45%

    For 2019, First Arkansas Bank And Trust's most frequently cited loan purpose was Home Purchase, with 217 originations. The 2nd most popular reason was Refi, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 175 $30,005,000 $171,457 $2,574 4.04%
    3 Year 28 $3,790,000 $135,357 $0 6.07%
    5 Year 22 $3,930,000 $178,636 $0 5.69%
    Other 19 $2,775,000 $146,053 $2,488 5.35%
    15 Year 19 $3,435,000 $180,789 $2,130 3.77%
    10 Year 8 $140,000 $17,500 $272 4.33%
    1 Year 6 $640,000 $106,667 $0 6.16%
    20 Year 3 $465,000 $155,000 $2,511 4.04%

    For 2019, First Arkansas Bank And Trust's most frequently cited loan duration was 30 Year, with 175 originations. The 2nd most popular length was 3 Year, with 28 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 187 $31,145,000 $166,551
    $1k-2k 24 $3,770,000 $157,083
    $2k-3k 4 $580,000 $145,000
    $3k-4k 1 $365,000 $365,000

    First Arkansas Bank And Trust's average total fees were $2,574, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 187 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 118 $21,970,000 $186,186
    4-5% 85 $13,815,000 $162,529
    5-6% 60 $7,310,000 $121,833
    6-7% 16 $1,900,000 $118,750
    2.5-3% 1 $185,000 $185,000

    During 2019, First Arkansas Bank And Trust's average interest rate for loans was 4.04%, while their most frequently originated rate bucket for loans was 3-4%, with 118 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 131 $18,835,000 $143,779 $2,443 4.49%
    $100,000 or less 78 $4,810,000 $61,667 $1,721 4.84%
    $200k-400k 59 $15,305,000 $259,407 $3,087 4.15%
    $400k-600k 10 $4,480,000 $448,000 $3,123 3.94%
    $1MM+ 1 $1,145,000 $1,145,000 $0 4.95%
    $600k-1MM 1 $605,000 $605,000 $3,809 4.96%

    2019 saw First Arkansas Bank And Trust place emphasis on $100k-200k loans with 131 originations, totaling $18,835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 68 $9,920,000 $145,882 $2,487 4.27%
    $50k or less 58 $5,510,000 $95,000 $2,137 4.11%
    $100k-150k 34 $7,740,000 $227,647 $3,195 4.14%
    $75k-100k 34 $5,490,000 $161,471 $2,242 4.13%
    $150k-250k 26 $6,550,000 $251,923 $2,420 4.46%
    $250k+ 9 $2,285,000 $253,889 $2,093 4.51%

    First Arkansas Bank And Trust lent most frequently to those with incomes in the $50k-75k range, with 68 originations. The second most popular income band? $50k or less, with 58 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 56 $9,350,000 $166,964 $2,458 4.10%
    20-30% 44 $7,400,000 $168,182 $2,475 4.22%
    <20% 30 $3,510,000 $117,000 $1,562 4.30%
    36% 12 $2,040,000 $170,000 $2,259 3.91%
    42% 11 $1,515,000 $137,727 $2,237 4.16%
    38% 8 $1,450,000 $181,250 $3,162 4.18%
    41% 8 $1,410,000 $176,250 $2,148 4.11%
    45% 8 $2,230,000 $278,750 $3,147 4.12%
    37% 7 $935,000 $133,571 $1,685 4.18%
    40% 6 $620,000 $103,333 $2,441 4.13%
    43% 5 $865,000 $173,000 $1,951 3.93%
    44% 5 $795,000 $159,000 $2,012 4.63%
    39% 5 $1,015,000 $203,000 $2,279 4.46%
    >60% 4 $500,000 $125,000 $2,382 5.53%
    47% 4 $780,000 $195,000 $4,917 3.53%
    48% 3 $915,000 $305,000 $7,856 3.50%
    49% 3 $445,000 $148,333 $2,755 4.71%
    46% 2 $340,000 $170,000 $2,555 3.63%
    50-60% 2 $570,000 $285,000 $4,415 3.50%

    First Arkansas Bank And Trust lent most frequently to those with DTI ratios of 30-36%, with 56 originations. The next most common DTI ratio? 20-30%, with 44 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 205 $33,695,000 $164,366 $2,443 4.27%
    Not applicable 47 $7,005,000 $149,043 $0 5.89%
    Asian 12 $2,150,000 $179,167 $2,180 3.80%
    Black 9 $1,145,000 $127,222 $2,198 3.85%
    Not provided 5 $905,000 $181,000 $3,274 3.78%
    American Indian 1 $175,000 $175,000 $2,031 4.00%
    Native Hawaiian or Islander 1 $105,000 $105,000 $4,497 4.25%

    Approval Rates

    Total approvals of all applications
    94.01%

    First Arkansas Bank And Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.50%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 280 $45,180,000 $161,357

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $1,785,000 $595,000
    Single Family (1-4 Units):Manufactured 2 $70,000 $35,000
    Single Family (1-4 Units):Site-Built 275 $43,325,000 $157,545

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $165,000 $33,000 $1,649 5.01%
    40-60% 24 $3,680,000 $153,333 $2,469 4.59%
    60-80% 83 $13,645,000 $164,398 $2,317 4.69%
    80-100% 154 $26,600,000 $172,727 $2,529 4.39%
    Over 100% 4 $750,000 $187,500 $7,468 4.00%
    Under 20% 8 $70,000 $8,750 $684 4.42%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK VA mortgage Closing on a mortgage 1 6.7%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 6.7%
    FIRST HORIZON BANK VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.7%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 3 20.0%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Closing on a mortgage 1 6.7%
    FIRST HORIZON BANK FHA mortgage Trouble during payment process 2 13.3%
    FIRST HORIZON BANK FHA mortgage Struggling to pay mortgage 1 6.7%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 4 26.7%
    FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 1 6.7%

    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 $7,745
    First Arkansas Bank and Trust 105 South Rockwood Cabot, AR 72023 Full Service B&M $19,669
    First Arkansas Bank and Trust 11 North Broadview Greenbrier, AR 72058 Full Service B&M $12,264
    First Arkansas Bank and Trust 121 Bill Foster Memorial Highway Cabot, AR 72023 Full Service Retail $9,668
    First Arkansas Bank and Trust 1230 Highway 25b North Heber Springs, AR 72543 Full Service B&M $23,923
    First Arkansas Bank and Trust 14917 Hwy 107 Gravel Ridge, AR 72076 Full Service B&M $15,196
    First Arkansas Bank and Trust 1500-A Highway 25 By-Pass Heber Springs, AR 72543 Full Service B&M $4,661
    First Arkansas Bank and Trust 1685 East Main Austin, AR 72007 Full Service B&M $8,781
    First Arkansas Bank and Trust 185 Bone Street Clinton, AR 72031 Full Service B&M $9,090
    First Arkansas Bank and Trust 2030 John Harden Drive Jacksonville, AR 72076 Full Service Retail $5,407
    First Arkansas Bank and Trust 2200 Wildwood Avenue Sherwood, AR 72120 Full Service B&M $13,222
    First Arkansas Bank and Trust 2519 W Main St Jacksonville, AR 72076 Full Service B&M $14,861
    First Arkansas Bank and Trust 3166 Highway 367 South Cabot, AR 72023 Full Service B&M $11,345
    First Arkansas Bank and Trust 3607 Kiehl Avenue Sherwood, AR 72120 Full Service B&M $4,466
    First Arkansas Bank and Trust 367 Hwy 25 N #1 Greenbrier, AR 72058 Full Service B&M $7,479
    First Arkansas Bank and Trust 501 J.P. Wright Loop Road Jacksonville, AR 72076 Full Service B&M $12,489
    First Arkansas Bank and Trust 5825 Heber Springs Road West Quitman, AR 72131 Full Service B&M $10,118
    First Arkansas Bank and Trust 600 West Main Street Jacksonville, AR 72076 Full Service Cyber Office $9,393
    First Arkansas Bank and Trust 600 West Main Street Jacksonville, AR 72076 Full Service B&M $262,434
    First Arkansas Bank and Trust 804 Hogan Lane Conway, AR 72034 Full Service B&M $1,235
    First Arkansas Bank and Trust 806 W Main St Heber Springs, AR 72543 Full Service B&M $56,936
    First Arkansas Bank and Trust Building 795, Arnold Drive Jacksonville, AR 72076 Full Service B&M $16,198
    First Arkansas Bank and Trust Greers Ferry Rd, 7654 Greers Ferry Rd Greers Ferry, AR 72067 Full Service B&M $21,004

    For 2019, First Arkansas Bank And Trust had 23 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $34,188
    Net interest income $31,140
    Total noninterest income $29,094
    Gross Fiduciary activities income $692
    Service charges on deposit accounts $1,985
    Trading account gains and fees $0
    Additional Noninterest Income $26,417
    Pre-tax net operating income $12,654
    Securities gains (or losses, -) $79
    Income before extraordinary items $12,733
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,733
    Minority interest net income $0
    Net income $12,733
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $12,654

    First Arkansas Bank And Trust's gross interest income from loans was $34,188,000.
    First Arkansas Bank And Trust's net interest income from loans was $31,140,000.
    First Arkansas Bank And Trust's fee based income from loans was $1,985,000.
    First Arkansas Bank And Trust's net income from loans was $12,733,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,048
    Provision for credit losses $3,007
    Total noninterest expense $44,573
    Salaries and employee benefits $18,836
    Premises and equipment expense $4,281
    Additional noninterest expense $21,456
    Applicable income taxes $0
    Net charge-offs $1,567
    Cash dividends $27,200

    First Arkansas Bank And Trust's interest expense for loans was $3,048,000.
    First Arkansas Bank And Trust's payroll and benefits expense were $18,836,000.
    First Arkansas Bank And Trust's property, plant and equipment expenses $4,281,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 3.0%
    Real Estate loans 4.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 9.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 2.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.7%
    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 $554,639
    Deposits held in domestic offices $554,639
    Deposits by Individuals, partnerships, and corporations $486,001
    Deposits by U.S. Government $104
    Deposits by States and political subdivisions in the U.S. $66,091
    Deposits by Commercial banks and other depository institutions in U.S. $2,443
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $83,736
    Demand deposits $32,776
    Nontransaction accounts $470,903
    Money market deposit accounts (MMDAs) $29,242
    Other savings deposits (excluding MMDAs) $368,402
    Total time deposits $73,259
    Total time and savings deposits $521,863
    Noninterest-bearing deposits $114,810
    Interest-bearing deposits $439,829
    Retail deposits $547,047
    IRAs and Keogh plan accounts $18,276
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $789,777
    Cash & Balances due from depository institutions $24,326
    Interest-bearing balances $6,837
    Total securities $179,663
    Federal funds sold & reverse repurchase $0
    Net loans and leases $500,151
    Loan and leases loss allowance $10,161
    Trading account assets $0
    Bank premises and fixed assets $23,905
    Other real estate owned $105
    Goodwill and other intangibles $28,735
    All other assets $32,892

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $789,777
    Total Liabilities $649,846
    Total deposits $554,639
    Interest-bearing deposits $439,829
    Deposits held in domestic offices $554,639
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $3,002
    Trading liabilities $0
    Other borrowed funds $83,032
    Subordinated debt $0
    All other liabilities $9,173

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $500,151
    Loan and leases loss allowance $10,161
    Total loans and leases (domestic) $510,312
    All real estate loans $299,141
    Real estate loans in domestic offices $299,141
    Construction and development loans $59,208
    Residential 1-4 family construction $19,111
    Other construction, all land development and other land $40,097
    Loans secured by nonfarm nonresidential properties $131,246
    Nonfarm nonresidential secured by owner-occupied properties $59,509
    Commercial real estate & other non-farm, non-residential $71,737
    Multifamily residential real estate $2,668
    1-4 family residential loans $102,854
    Farmland loans $3,165
    Loans held in foreign offices $0
    Farm loans $2,017
    Commercial and industrial loans $131,887
    To non-U.S. addressees $0
    Loans to individuals $76,322
    Credit card loans $59,649
    Related Plans $6
    Consumer Auto Loans $865
    Other loans to individuals $15,802
    All other loans & leases $945
    Loans to foreign governments and official institutions $0
    Other loans $100
    Loans to depository institutions and acceptances of other banks $614
    Loans not secured by real estate $3,037
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,206
    Non 1-4 family restructured loans & leases $1,953
    Total loans and leases (foreign) $0

    First Arkansas Bank and Trust had $500,151,000 of loans outstanding in 2019. $299,141,000 of loans were in real estate loans. $59,208,000 of loans were in development loans. $2,668,000 of loans were in multifamily mortgage loans. $102,854,000 of loans were in 1-4 family mortgage loans. $2,017,000 of loans were in farm loans. $59,649,000 of loans were in credit card loans. $865,000 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 246 $45,508 $184,992
    Nonfarm, nonresidential loans - <$100k 90 $3,447 $38,300
    Nonfarm, nonresidential loans - $100-250k 87 $11,487 $132,034
    Nonfarm, nonresidential loans - $250k-1MM 69 $30,574 $443,101
    Commercial & Industrial, US addressed loans - <$1MM 412 $32,293 $78,381
    Commercial & Industrial, US addressed loans - <$100k 259 $6,379 $24,629
    Commercial & Industrial, US addressed loans - $100-250k 103 $12,588 $122,214
    Commercial & Industrial, US addressed loans - $250k-1MM 50 $13,326 $266,520
    Farmland loans - <$1MM 24 $2,489 $103,708
    Farmland loans - <$100k 13 $485 $37,308
    Farmland loans - $100-250k 9 $1,371 $152,333
    Farmland loans - $250k-1MM 2 $633 $316,500
    Agriculture operations loans - <$1MM 53 $767 $14,472
    Agriculture operations loans - <$100k 53 $767 $14,472