The First National Bank Of Fort Smith Mortgage Rates, Fees & Info

Fort Smith, AR

LEI: 549300BREPLU2KKPI102

Tax ID: 71-0058845

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    The First National Bank Of Fort Smith is a smaller bank specializing in Home Purchase loans. The First National Bank Of Fort Smith has a high proportion of conventional loans. Their top markets by origination volume include: Fayetteville, Fort Smith, St. Louis, Little Rock, and Tulsa among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The First National Bank Of Fort Smith 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. The First National Bank Of Fort Smith 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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.59% 12/16/24
    30 Year Conventional Refi 6.82% 12/16/24
    30 Year Cash-out Refi 6.67% 12/16/24
    30 Year FHA Purchase 6.95% 12/16/24
    30 Year FHA Refi 6.27% 12/16/24
    30 Year VA Purchase 6.27% 12/16/24
    30 Year VA Refi 6.27% 12/16/24
    30 Year USDA Purchase 6.27% 12/16/24
    15 Year Conventional Purchase 6.11% 12/16/24
    15 Year Conventional Refi 6.19% 12/16/24
    15 Year Cash-out Refi 6.19% 12/16/24
    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.

    The First National Bank Of Fort Smith Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from The First National Bank Of Fort Smith. 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

    445

    Origination Dollar Volume (All Markets)

    $138,855,000

    Employee count

    290

    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) 220 $56,380,000 $256,273 $2,934 5.03%
    FORT SMITH, AR-OK (FHA|USDA|VA) 195 $34,805,000 $178,487 $2,211 5.32%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $17,225,000 $17,225,000 $0 4.95%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 4 $11,380,000 $2,845,000 $3,132 4.72%
    TULSA, OK (FHA|USDA|VA) 1 $6,005,000 $6,005,000 $0 3.75%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $6,005,000 $6,005,000 $0 5.75%
    Outside of Metro Areas 17 $2,545,000 $149,706 $2,527 5.31%
    Durant, OK (FHA|USDA|VA) 1 $1,855,000 $1,855,000 $0 4.75%
    McPherson, KS (FHA|USDA|VA) 1 $1,755,000 $1,755,000 $0 5.15%
    Tahlequah, OK (FHA|USDA|VA) 3 $775,000 $258,333 $2,764 5.25%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $125,000 $125,000 $2,629 4.13%
    The First National Bank Of Fort Smith's top markets include Fayetteville, Fort Smith, St. Louis, Little Rock, and Tulsa among others.

    Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The First National Bank of Fort Smith based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Citizens' Bank & Trust Co.
    Similarity Rank: 108
    ONE BANK & TRUST, NATIONAL ASS
    Similarity Rank: 189
    TELCOE FEDERAL CREDIT UNION
    Similarity Rank: 448
    Truity Federal Credit Union
    Similarity Rank: 533
    First Arkansas Bank and Trust
    Similarity Rank: 781
    The First National Bank of Fort Smith
    Similarity Rank: 891
    Generations Bank
    Similarity Rank: 896
    Firstar Bank
    Similarity Rank: 952
    FIRST WESTERN MORTGAGE, INC.
    Similarity Rank: 996
    Farmers Bank & Trust Company
    Similarity Rank: 1053

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 445 $138,855,000 $312,034 $2,626 5.16%

    For 2018, The First National Bank Of Fort Smith's most frequently originated type of loan was Conventional, with 445 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 318 $105,370,000 $331,352 $2,772 5.13%
    Refi 89 $26,795,000 $301,067 $2,555 5.20%
    Home Improvement 17 $4,495,000 $264,412 $914 5.66%
    Cash Out Refi 14 $1,890,000 $135,000 $2,295 5.06%
    Other 7 $305,000 $43,571 $1,009 5.28%

    For 2018, The First National Bank Of Fort Smith's most frequently cited loan purpose was Home Purchase, with 318 originations. The 2nd most popular reason was Refi, with 89 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 180 $36,710,000 $203,944 $2,782 4.72%
    5 Year 114 $60,530,000 $530,965 $1,902 5.64%
    Other 53 $21,035,000 $396,887 $2,829 5.62%
    15 Year 33 $4,785,000 $145,000 $2,823 4.72%
    3 Year 26 $6,190,000 $238,077 $0 5.59%
    1 Year 22 $7,540,000 $342,727 $3,264 5.52%
    20 Year 10 $1,610,000 $161,000 $2,391 5.05%
    10 Year 7 $455,000 $65,000 $1,685 4.97%

    For 2018, The First National Bank Of Fort Smith's most frequently cited loan duration was 30 Year, with 180 originations. The 2nd most popular length was 5 Year, with 114 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 206 $35,520,000 $172,427
    $1k-2k 51 $9,085,000 $178,137
    $2k-3k 16 $4,240,000 $265,000
    $3k-4k 9 $3,065,000 $340,556
    $4k-5k 1 $435,000 $435,000
    $5k+ 1 $315,000 $315,000

    The First National Bank Of Fort Smith's average total fees were $2,782, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 206 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 204 $53,800,000 $263,725
    4-5% 189 $71,645,000 $379,074
    6-7% 32 $3,400,000 $106,250
    3-4% 19 $10,005,000 $526,579
    Over 8% 1 $5,000 $5,000

    During 2018, The First National Bank Of Fort Smith's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 5-6%, with 204 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 162 $23,840,000 $147,160 $2,545 5.06%
    $100,000 or less 123 $6,955,000 $56,545 $1,688 5.56%
    $200k-400k 123 $33,975,000 $276,220 $3,210 4.91%
    $400k-600k 17 $7,875,000 $463,235 $3,834 5.13%
    $1MM+ 13 $60,905,000 $4,685,000 $0 5.10%
    $600k-1MM 7 $5,305,000 $757,857 $0 5.31%

    2018 saw The First National Bank Of Fort Smith place emphasis on $100k-200k loans with 162 originations, totaling $23,840,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 77 $11,055,000 $143,571 $2,411 5.10%
    $50k or less 77 $6,945,000 $90,195 $2,024 5.30%
    $100k-150k 69 $14,195,000 $205,725 $3,043 5.07%
    $75k-100k 54 $9,040,000 $167,407 $2,709 4.90%
    $150k-250k 37 $10,325,000 $279,054 $3,208 4.86%
    $250k+ 21 $6,335,000 $301,667 $3,468 4.96%

    The First National Bank Of Fort Smith lent most frequently to those with incomes in the $50k-75k range, with 77 originations. The second most popular income band? $50k or less, with 77 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 110 $18,960,000 $172,364 $2,524 4.96%
    30-36% 67 $10,715,000 $159,925 $2,680 5.21%
    <20% 41 $6,765,000 $165,000 $2,236 5.05%
    36% 14 $3,110,000 $222,143 $2,898 5.05%
    37% 10 $1,770,000 $177,000 $3,953 4.93%
    39% 9 $1,535,000 $170,556 $2,070 5.00%
    38% 8 $1,150,000 $143,750 $2,404 5.17%
    41% 8 $1,640,000 $205,000 $2,675 5.19%
    42% 7 $1,555,000 $222,143 $3,065 4.90%
    40% 7 $1,235,000 $176,429 $3,280 4.88%
    44% 7 $1,435,000 $205,000 $2,131 4.79%
    45% 7 $1,505,000 $215,000 $3,541 4.54%
    46% 6 $950,000 $158,333 $2,835 4.48%
    43% 6 $1,190,000 $198,333 $2,614 5.19%
    50-60% 6 $860,000 $143,333 $4,606 5.69%
    >60% 5 $675,000 $135,000 $3,456 5.74%
    48% 4 $770,000 $192,500 $2,289 5.00%
    49% 4 $1,080,000 $270,000 $2,266 4.59%
    47% 2 $290,000 $145,000 $1,908 4.19%

    The First National Bank Of Fort Smith lent most frequently to those with DTI ratios of 20-30%, with 110 originations. The next most common DTI ratio? 30-36%, with 67 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 103 $80,215,000 $778,786 $0 5.47%
    White 297 $51,715,000 $174,125 $2,644 5.03%
    Asian 15 $2,745,000 $183,000 $2,618 5.09%
    American Indian 19 $2,245,000 $118,158 $2,502 5.64%
    Not provided 6 $970,000 $161,667 $2,210 4.85%
    Black 5 $965,000 $193,000 $2,464 5.66%

    Approval Rates

    Total approvals of all applications
    90.97%

    The First National Bank Of Fort Smith has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.75%

    The First National Bank Of Fort Smith has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 445 $138,855,000 $312,034

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $1,100,000 $550,000
    Multifamily:Site-Built 30 $66,850,000 $2,228,333
    Single Family (1-4 Units):Manufactured 8 $300,000 $37,500
    Single Family (1-4 Units):Site-Built 405 $70,605,000 $174,333

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 30 $7,950,000 $265,000 $1,761 5.66%
    40-60% 60 $12,370,000 $206,167 $2,093 5.34%
    60-80% 165 $66,865,000 $405,242 $2,590 5.13%
    80-100% 177 $50,245,000 $283,870 $2,967 5.02%
    Over 100% 1 $385,000 $385,000 $1,865 4.50%
    Under 20% 11 $685,000 $62,273 $1,394 5.54%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The First National Bank of Fort Smith 1000 South Kerr Boulevard Sallisaw, OK 74955 Full Service B&M $51,908
    The First National Bank of Fort Smith 1500 East Cherokee Sallisaw, OK 74955 Limited, Drive-thru $26,571
    The First National Bank of Fort Smith 1626 Empire St Lowell, AR 72745 Full Service B&M $10,554
    The First National Bank of Fort Smith 2000 Midland Boulevard Fort Smith, AR 72901 Full Service B&M $41,853
    The First National Bank of Fort Smith 225 E Main St Charleston, AR 72933 Full Service B&M $19,812
    The First National Bank of Fort Smith 2638 East Joyce Blvd., Suite 100 Fayetteville, AR 72703 Full Service B&M $7,149
    The First National Bank of Fort Smith 2727 Grand Avenue Fort Smith, AR 72901 Full Service B&M $17,871
    The First National Bank of Fort Smith 311 East Center Street Greenwood, AR 72936 Full Service B&M $22,681
    The First National Bank of Fort Smith 350 East Centerton Boulevard Centerton, AR 72719 Full Service B&M $17,749
    The First National Bank of Fort Smith 3515 Greenwood Road Fort Smith, AR 72903 Full Service B&M $54,412
    The First National Bank of Fort Smith 3706 Pinnacle Parkway Hill Rogers, AR 72758 Full Service B&M $29,447
    The First National Bank of Fort Smith 400 W Main Street Lavaca, AR 72941 Full Service B&M $31,598
    The First National Bank of Fort Smith 401 East Ray Fine Blvd. Roland, OK 74954 Full Service B&M $7,671
    The First National Bank of Fort Smith 401 Sw A Street Bentonville, AR 72712 Full Service B&M $6,142
    The First National Bank of Fort Smith 5201 Rogers Ave Fort Smith, AR 72903 Full Service B&M $69,043
    The First National Bank of Fort Smith 602 Garrison Avenue Fort Smith, AR 72901 Full Service B&M $427,680
    The First National Bank of Fort Smith 7410 Rogers Avenue Fort Smith, AR 72903 Full Service B&M $71,271
    The First National Bank of Fort Smith 800 Phoenix Avenue Fort Smith, AR 72901 Full Service B&M $49,970
    The First National Bank of Fort Smith 801 North Dixieland Rogers, AR 72756 Full Service B&M $53,559
    The First National Bank of Fort Smith 8225 South Zero Fort Smith, AR 72903 Full Service B&M $32,209
    The First National Bank of Fort Smith 9300 Highway 71 South Fort Smith, AR 72903 Full Service B&M $77,660

    For 2018, The First National Bank Of Fort Smith had 21 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $54,550
    Net interest income $50,618
    Total noninterest income $16,065
    Gross Fiduciary activities income $2,923
    Service charges on deposit accounts $4,557
    Trading account gains and fees $0
    Additional Noninterest Income $8,585
    Pre-tax net operating income $33,391
    Securities gains (or losses, -) $-160
    Income before extraordinary items $26,125
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $26,125
    Minority interest net income $0
    Net income $26,125
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $26,251

    The First National Bank Of Fort Smith's gross interest income from loans was $54,550,000.
    The First National Bank Of Fort Smith's net interest income from loans was $50,618,000.
    The First National Bank Of Fort Smith's fee based income from loans was $4,557,000.
    The First National Bank Of Fort Smith's net income from loans was $26,125,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,932
    Provision for credit losses $-114
    Total noninterest expense $33,406
    Salaries and employee benefits $19,377
    Premises and equipment expense $3,767
    Additional noninterest expense $10,262
    Applicable income taxes $7,106
    Net charge-offs $-1,152
    Cash dividends $24,000

    The First National Bank Of Fort Smith's interest expense for loans was $3,932,000.
    The First National Bank Of Fort Smith's payroll and benefits expense were $19,377,000.
    The First National Bank Of Fort Smith's property, plant and equipment expenses $3,767,000.

    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 1.0%
    HELOC loans 1.0%
    All other family 1.0%
    Commercial & industrial loans 1.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    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 $1,173,790
    Deposits held in domestic offices $1,173,790
    Deposits by Individuals, partnerships, and corporations $1,125,521
    Deposits by U.S. Government $3
    Deposits by States and political subdivisions in the U.S. $42,604
    Deposits by Commercial banks and other depository institutions in U.S. $5,662
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $386,188
    Demand deposits $280,807
    Nontransaction accounts $787,602
    Money market deposit accounts (MMDAs) $504,181
    Other savings deposits (excluding MMDAs) $99,316
    Total time deposits $184,105
    Total time and savings deposits $892,983
    Noninterest-bearing deposits $412,775
    Interest-bearing deposits $761,015
    Retail deposits $1,135,291
    IRAs and Keogh plan accounts $25,068
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,352,936
    Cash & Balances due from depository institutions $116,586
    Interest-bearing balances $72,042
    Total securities $228,485
    Federal funds sold & reverse repurchase $968
    Net loans and leases $916,745
    Loan and leases loss allowance $13,499
    Trading account assets $0
    Bank premises and fixed assets $23,044
    Other real estate owned $137
    Goodwill and other intangibles $18,336
    All other assets $48,635

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,352,936
    Total Liabilities $1,188,832
    Total deposits $1,173,790
    Interest-bearing deposits $761,015
    Deposits held in domestic offices $1,173,790
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,764
    Subordinated debt $0
    All other liabilities $4,278

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $916,745
    Loan and leases loss allowance $13,499
    Total loans and leases (domestic) $930,244
    All real estate loans $726,977
    Real estate loans in domestic offices $726,977
    Construction and development loans $142,138
    Residential 1-4 family construction $45,314
    Other construction, all land development and other land $96,824
    Loans secured by nonfarm nonresidential properties $322,929
    Nonfarm nonresidential secured by owner-occupied properties $172,083
    Commercial real estate & other non-farm, non-residential $150,846
    Multifamily residential real estate $55,888
    1-4 family residential loans $146,050
    Farmland loans $59,972
    Loans held in foreign offices $0
    Farm loans $8,609
    Commercial and industrial loans $181,020
    To non-U.S. addressees $0
    Loans to individuals $13,525
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,939
    Other loans to individuals $11,586
    All other loans & leases $113
    Loans to foreign governments and official institutions $0
    Other loans $113
    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 $2,163
    Non 1-4 family restructured loans & leases $1,763
    Total loans and leases (foreign) $0

    The First National Bank of Fort Smith had $916,745,000 of loans outstanding in 2018. $726,977,000 of loans were in real estate loans. $142,138,000 of loans were in development loans. $55,888,000 of loans were in multifamily mortgage loans. $146,050,000 of loans were in 1-4 family mortgage loans. $8,609,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,939,000 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 304 $63,411 $208,589
    Nonfarm, nonresidential loans - <$100k 71 $3,162 $44,535
    Nonfarm, nonresidential loans - $100-250k 88 $9,968 $113,273
    Nonfarm, nonresidential loans - $250k-1MM 145 $50,281 $346,766
    Commercial & Industrial, US addressed loans - <$1MM 836 $59,494 $71,165
    Commercial & Industrial, US addressed loans - <$100k 582 $12,652 $21,739
    Commercial & Industrial, US addressed loans - $100-250k 137 $12,852 $93,810
    Commercial & Industrial, US addressed loans - $250k-1MM 117 $33,990 $290,513
    Farmland loans - <$1MM 103 $13,403 $130,126
    Farmland loans - <$100k 39 $1,219 $31,256
    Farmland loans - $100-250k 36 $4,405 $122,361
    Farmland loans - $250k-1MM 28 $7,779 $277,821
    Agriculture operations loans - <$1MM 134 $6,869 $51,261
    Agriculture operations loans - <$100k 105 $2,437 $23,210
    Agriculture operations loans - $100-250k 21 $2,643 $125,857
    Agriculture operations loans - $250k-1MM 8 $1,789 $223,625