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

Review & Overview

The First National Bank Of Fort Smith is a smaller bank specializing in Home Purchase and Refi 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, Searcy, New Orleans, and Daphne among others. We have data for 19 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.

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SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.59%	4/21/24
30 Year Conventional Refi	6.82%	4/21/24
30 Year Cash-out Refi	6.67%	4/21/24
30 Year FHA Purchase	6.95%	4/21/24
30 Year FHA Refi	6.27%	4/21/24
30 Year VA Purchase	6.27%	4/21/24
30 Year VA Refi	6.27%	4/21/24
30 Year USDA Purchase	6.27%	4/21/24
15 Year Conventional Purchase	6.11%	4/21/24
15 Year Conventional Refi	6.19%	4/21/24
15 Year Cash-out Refi	6.19%	4/21/24
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.

The First National Bank Of Fort Smith Mortgage Calculator

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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

535

Origination Dollar Volume (All Markets)

$143,295,000

Employee count

305

Awards

The First National Bank of Fort Smith 30 Year Conventional Loans bronze

Show all (2) 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)	254	$70,590,000	$277,913	$2,750	4.74%
FORT SMITH, AR-OK (FHA\|USDA\|VA)	239	$47,295,000	$197,887	$2,244	4.61%
Searcy, AR (FHA\|USDA\|VA)	1	$5,605,000	$5,605,000	$0	5.00%
NEW ORLEANS-METAIRIE, LA (FHA\|USDA\|VA)	2	$4,900,000	$2,450,000	$0	5.25%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA\|USDA\|VA)	1	$2,605,000	$2,605,000	$19,612	5.95%
Outside of Metro Areas	18	$2,370,000	$131,667	$2,675	5.02%
Durant, OK (FHA\|USDA\|VA)	1	$2,165,000	$2,165,000	$0	5.95%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	4	$1,780,000	$445,000	$2,660	4.38%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	1	$1,005,000	$1,005,000	$15,900	6.50%
JOPLIN, MO (FHA\|USDA\|VA)	1	$955,000	$955,000	$0	5.95%
Natchitoches, LA (FHA\|USDA\|VA)	1	$895,000	$895,000	$0	5.25%
Durango, CO (FHA\|USDA\|VA)	1	$615,000	$615,000	$0	5.75%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	1	$605,000	$605,000	$0	5.50%
MISSOULA, MT (FHA\|USDA\|VA)	1	$485,000	$485,000	$3,977	4.12%
OKLAHOMA CITY, OK (FHA\|USDA\|VA)	4	$450,000	$112,500	$2,714	5.34%
GREELEY, CO (FHA\|USDA\|VA)	1	$365,000	$365,000	$2,658	4.00%
HOT SPRINGS, AR (FHA\|USDA\|VA)	1	$295,000	$295,000	$0	5.50%
TULSA, OK (FHA\|USDA\|VA)	2	$260,000	$130,000	$3,873	5.31%
KALAMAZOO-PORTAGE, MI (FHA\|USDA\|VA)	1	$55,000	$55,000	$1,968	4.83%

The First National Bank Of Fort Smith's top markets include Fayetteville, Fort Smith, Searcy, New Orleans, and Daphne among others.

Their top states include:

Arkansas (FHA|USDA|VA)

Oklahoma (FHA|USDA|VA)

Louisiana (FHA|USDA|VA)

Alabama (FHA|USDA|VA)

Texas (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.

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The First National Bank of Fort Smith
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MID AMERICA MORTGAGE, INC.
Similarity Rank: 1976

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	535	$143,295,000	$267,841	$2,631	4.71%

For 2019, The First National Bank Of Fort Smith's most frequently originated type of loan was Conventional, with 535 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	358	$91,210,000	$254,777	$2,733	4.88%
Refi	95	$42,475,000	$447,105	$2,493	4.95%
Home Improvement	37	$2,255,000	$60,946	$999	2.75%
Cash Out Refi	25	$3,795,000	$151,800	$2,729	4.10%
Other	20	$3,560,000	$178,000	$2,607	5.08%

For 2019, The First National Bank Of Fort Smith's most frequently cited loan purpose was Home Purchase, with 358 originations. The 2nd most popular reason was Refi, with 95 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	252	$51,930,000	$206,071	$2,701	4.24%
5 Year	98	$30,000,000	$306,122	$1,147	5.91%
Other	69	$25,185,000	$365,000	$3,297	4.15%
3 Year	37	$14,685,000	$396,892	$0	5.42%
15 Year	37	$5,975,000	$161,486	$2,648	4.46%
1 Year	26	$4,660,000	$179,231	$2,866	5.76%
10 Year	9	$10,085,000	$1,120,556	$4,799	4.58%
20 Year	7	$775,000	$110,714	$2,484	4.35%

For 2019, The First National Bank Of Fort Smith's most frequently cited loan duration was 30 Year, with 252 originations. The 2nd most popular length was 5 Year, with 98 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	245	$43,365,000	$177,000
$1k-2k	67	$10,855,000	$162,015
$2k-3k	18	$4,190,000	$232,778
$3k-4k	7	$2,395,000	$342,143
$4k-5k	4	$1,580,000	$395,000
$5k+	3	$4,105,000	$1,368,333

The First National Bank Of Fort Smith's average total fees were $2,701, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 245 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
5-6%	185	$49,615,000	$268,189
3-4%	146	$32,340,000	$221,507
4-5%	128	$53,380,000	$417,031
6-7%	54	$6,380,000	$118,148
<2.5%	20	$1,360,000	$68,000
2.5-3%	1	$155,000	$155,000
7-8%	1	$65,000	$65,000

During 2019, The First National Bank Of Fort Smith's average interest rate for loans was 4.24%, while their most frequently originated rate bucket for loans was 5-6%, with 185 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	169	$10,125,000	$59,911	$1,833	4.99%
$100k-200k	164	$23,450,000	$142,988	$2,503	4.64%
$200k-400k	156	$42,250,000	$270,833	$3,006	4.46%
$1MM+	20	$53,640,000	$2,682,000	$17,756	5.22%
$400k-600k	20	$9,350,000	$467,500	$3,447	4.25%
$600k-1MM	6	$4,480,000	$746,667	$0	5.52%

2019 saw The First National Bank Of Fort Smith place emphasis on $100,000 or less loans with 169 originations, totaling $10,125,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	90	$8,410,000	$93,444	$2,179	4.71%
$100k-150k	88	$17,080,000	$194,091	$2,977	4.23%
$50k-75k	83	$11,235,000	$135,361	$2,426	4.62%
$150k-250k	61	$14,495,000	$237,623	$2,756	4.22%
$75k-100k	60	$9,700,000	$161,667	$2,279	4.56%
$250k+	32	$11,800,000	$368,750	$4,062	4.49%

The First National Bank Of Fort Smith lent most frequently to those with incomes in the $50k or less range, with 90 originations. The second most popular income band? $100k-150k, with 88 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	114	$18,900,000	$165,789	$2,333	4.37%
<20%	85	$14,195,000	$167,000	$2,738	4.04%
30-36%	58	$10,640,000	$183,448	$2,515	4.23%
39%	22	$3,740,000	$170,000	$2,981	4.98%
44%	16	$3,110,000	$194,375	$3,100	4.50%
40%	15	$2,255,000	$150,333	$2,372	4.66%
41%	13	$2,775,000	$213,462	$2,678	5.06%
38%	12	$2,040,000	$170,000	$2,334	5.44%
37%	10	$1,270,000	$127,000	$2,772	4.75%
49%	10	$2,240,000	$224,000	$2,674	4.11%
45%	10	$2,130,000	$213,000	$2,655	4.80%
42%	8	$1,410,000	$176,250	$2,782	4.74%
36%	8	$1,390,000	$173,750	$2,649	4.77%
43%	8	$1,330,000	$166,250	$2,354	4.09%
>60%	5	$575,000	$115,000	$3,307	5.92%
47%	4	$660,000	$165,000	$2,961	4.25%
48%	4	$830,000	$207,500	$2,700	4.64%
46%	3	$285,000	$95,000	$2,207	4.83%
50-60%	2	$370,000	$185,000	$2,759	5.85%

The First National Bank Of Fort Smith lent most frequently to those with DTI ratios of 20-30%, with 114 originations. The next most common DTI ratio? <20%, with 85 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	108	$68,750,000	$636,574	$0	5.61%
White	356	$57,440,000	$161,348	$2,544	4.49%
Not provided	23	$7,795,000	$338,913	$3,534	4.10%
Asian	24	$5,470,000	$227,917	$2,637	3.89%
American Indian	16	$2,900,000	$181,250	$3,951	5.58%
Black	7	$715,000	$102,143	$1,710	4.85%
Asian Indian	1	$225,000	$225,000	$0	5.25%

Approval Rates

Total approvals of all applications
92.43%

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

Pick Rate

Approvals leading to origination
79.07%

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

Points and Fees

Points	Originations	Total Value	Average Loan
NA	535	$143,295,000	$267,841

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Manufactured	3	$995,000	$331,667
Multifamily:Site-Built	29	$55,275,000	$1,906,034
Single Family (1-4 Units):Manufactured	13	$705,000	$54,231
Single Family (1-4 Units):Site-Built	490	$86,320,000	$176,163

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	54	$7,390,000	$136,852	$2,199	4.38%
40-60%	65	$13,705,000	$210,846	$2,294	4.76%
60-80%	199	$67,395,000	$338,668	$2,771	4.94%
80-100%	197	$52,825,000	$268,147	$2,791	4.67%
Over 100%	1	$605,000	$605,000	$0	5.50%
Under 20%	17	$1,195,000	$70,294	$1,192	3.23%

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	$55,231
The First National Bank of Fort Smith	1500 East Cherokee Sallisaw, OK 74955	Limited, Drive-thru	$29,876
The First National Bank of Fort Smith	1626 Empire St Lowell, AR 72745	Full Service B&M	$11,209
The First National Bank of Fort Smith	2000 Midland Boulevard Fort Smith, AR 72901	Full Service B&M	$53,017
The First National Bank of Fort Smith	225 E Main St Charleston, AR 72933	Full Service B&M	$21,366
The First National Bank of Fort Smith	2638 East Joyce Blvd., Suite 100 Fayetteville, AR 72703	Full Service B&M	$11,087
The First National Bank of Fort Smith	2727 Grand Avenue Fort Smith, AR 72901	Full Service B&M	$19,365
The First National Bank of Fort Smith	311 East Center Street Greenwood, AR 72936	Full Service B&M	$24,227
The First National Bank of Fort Smith	350 East Centerton Boulevard Centerton, AR 72719	Full Service B&M	$20,642
The First National Bank of Fort Smith	3515 Greenwood Road Fort Smith, AR 72903	Full Service B&M	$56,322
The First National Bank of Fort Smith	3706 Pinnacle Parkway Hill Rogers, AR 72758	Full Service B&M	$35,024
The First National Bank of Fort Smith	400 W Main Street Lavaca, AR 72941	Full Service B&M	$32,063
The First National Bank of Fort Smith	401 East Ray Fine Blvd. Roland, OK 74954	Full Service B&M	$7,641
The First National Bank of Fort Smith	401 Sw A Street Bentonville, AR 72712	Full Service B&M	$10,350
The First National Bank of Fort Smith	5201 Rogers Ave Fort Smith, AR 72903	Full Service B&M	$69,872
The First National Bank of Fort Smith	602 Garrison Avenue Fort Smith, AR 72901	Full Service B&M	$420,428
The First National Bank of Fort Smith	7410 Rogers Avenue Fort Smith, AR 72903	Full Service B&M	$75,169
The First National Bank of Fort Smith	800 Phoenix Avenue Fort Smith, AR 72901	Full Service B&M	$49,341
The First National Bank of Fort Smith	801 North Dixieland Rogers, AR 72756	Full Service B&M	$50,604
The First National Bank of Fort Smith	8225 South Zero Fort Smith, AR 72903	Full Service B&M	$35,387
The First National Bank of Fort Smith	9300 Highway 71 South Fort Smith, AR 72903	Full Service B&M	$81,088

For 2019, The First National Bank Of Fort Smith had 21 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$58,944
Net interest income	$52,413
Total noninterest income	$15,254
Gross Fiduciary activities income	$2,894
Service charges on deposit accounts	$4,246
Trading account gains and fees	$0
Additional Noninterest Income	$8,114
Pre-tax net operating income	$32,392
Securities gains (or losses, -)	$0
Income before extraordinary items	$24,950
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$24,950
Minority interest net income	$0
Net income	$24,950
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$24,950

The First National Bank Of Fort Smith's gross interest income from loans was $58,944,000.
The First National Bank Of Fort Smith's net interest income from loans was $52,413,000.
The First National Bank Of Fort Smith's fee based income from loans was $4,246,000.
The First National Bank Of Fort Smith's net income from loans was $24,950,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$6,531
Provision for credit losses	$865
Total noninterest expense	$34,410
Salaries and employee benefits	$20,447
Premises and equipment expense	$4,387
Additional noninterest expense	$9,576
Applicable income taxes	$7,442
Net charge-offs	$1,529
Cash dividends	$21,000

The First National Bank Of Fort Smith's interest expense for loans was $6,531,000.
The First National Bank Of Fort Smith's payroll and benefits expense were $20,447,000.
The First National Bank Of Fort Smith's property, plant and equipment expenses $4,387,000.

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	0.0%
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	$1,170,473
Deposits held in domestic offices	$1,170,473
Deposits by Individuals, partnerships, and corporations	$1,117,739
Deposits by U.S. Government	$2
Deposits by States and political subdivisions in the U.S.	$47,565
Deposits by Commercial banks and other depository institutions in U.S.	$5,167
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$375,837
Demand deposits	$268,620
Nontransaction accounts	$794,636
Money market deposit accounts (MMDAs)	$509,935
Other savings deposits (excluding MMDAs)	$103,407
Total time deposits	$181,295
Total time and savings deposits	$901,853
Noninterest-bearing deposits	$394,521
Interest-bearing deposits	$775,952
Retail deposits	$1,134,272
IRAs and Keogh plan accounts	$24,926
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,353,866
Cash & Balances due from depository institutions	$61,053
Interest-bearing balances	$26,026
Total securities	$220,143
Federal funds sold & reverse repurchase	$3,623
Net loans and leases	$983,367
Loan and leases loss allowance	$12,835
Trading account assets	$0
Bank premises and fixed assets	$23,120
Other real estate owned	$766
Goodwill and other intangibles	$18,336
All other assets	$43,458

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,353,866
Total Liabilities	$1,185,395
Total deposits	$1,170,473
Interest-bearing deposits	$775,952
Deposits held in domestic offices	$1,170,473
% insured (estimated)	$70
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$9,277
Subordinated debt	$0
All other liabilities	$5,645

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$983,367
Loan and leases loss allowance	$12,835
Total loans and leases (domestic)	$996,202
All real estate loans	$798,065
Real estate loans in domestic offices	$798,065
Construction and development loans	$125,798
Residential 1-4 family construction	$44,977
Other construction, all land development and other land	$80,821
Loans secured by nonfarm nonresidential properties	$337,945
Nonfarm nonresidential secured by owner-occupied properties	$181,888
Commercial real estate & other non-farm, non-residential	$156,057
Multifamily residential real estate	$93,427
1-4 family residential loans	$183,310
Farmland loans	$57,585
Loans held in foreign offices	$0
Farm loans	$10,995
Commercial and industrial loans	$174,200
To non-U.S. addressees	$0
Loans to individuals	$12,853
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$2,134
Other loans to individuals	$10,719
All other loans & leases	$89
Loans to foreign governments and official institutions	$0
Other loans	$89
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	$3,015
Non 1-4 family restructured loans & leases	$2,804
Total loans and leases (foreign)	$0

The First National Bank of Fort Smith had $983,367,000 of loans outstanding in 2019. $798,065,000 of loans were in real estate loans. $125,798,000 of loans were in development loans. $93,427,000 of loans were in multifamily mortgage loans. $183,310,000 of loans were in 1-4 family mortgage loans. $10,995,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,134,000 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	295	$64,569	$218,878
Nonfarm, nonresidential loans - <$100k	70	$3,224	$46,057
Nonfarm, nonresidential loans - $100-250k	88	$9,898	$112,477
Nonfarm, nonresidential loans - $250k-1MM	137	$51,447	$375,526
Commercial & Industrial, US addressed loans - <$1MM	880	$60,283	$68,503
Commercial & Industrial, US addressed loans - <$100k	608	$13,658	$22,464
Commercial & Industrial, US addressed loans - $100-250k	155	$14,876	$95,974
Commercial & Industrial, US addressed loans - $250k-1MM	117	$31,749	$271,359
Farmland loans - <$1MM	111	$13,238	$119,261
Farmland loans - <$100k	42	$1,647	$39,214
Farmland loans - $100-250k	41	$4,824	$117,659
Farmland loans - $250k-1MM	28	$6,767	$241,679
Agriculture operations loans - <$1MM	148	$7,793	$52,655
Agriculture operations loans - <$100k	116	$2,735	$23,578
Agriculture operations loans - $100-250k	22	$2,557	$116,227
Agriculture operations loans - $250k-1MM	10	$2,501	$250,100