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

Fort Smith, AR

LEI: 549300BREPLU2KKPI102

Tax ID: 71-0058845

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Bank 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, Little Rock, Oklahoma City, and Tulsa among others. We have data for 12 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% 3/28/24
30 Year Conventional Refi 6.82% 3/28/24
30 Year Cash-out Refi 6.67% 3/28/24
30 Year FHA Purchase 6.95% 3/28/24
30 Year FHA Refi 6.27% 3/28/24
30 Year VA Purchase 6.27% 3/28/24
30 Year VA Refi 6.27% 3/28/24
30 Year USDA Purchase 6.27% 3/28/24
15 Year Conventional Purchase 6.11% 3/28/24
15 Year Conventional Refi 6.19% 3/28/24
15 Year Cash-out Refi 6.19% 3/28/24
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

815

Origination Dollar Volume (All Markets)

$214,825,000

Employee count

292

Awards

The First National Bank of Fort Smith 30 Year Conventional Loans bronze
Show all (1) 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) 463 $142,705,000 $308,218 $2,613 3.38%
FORT SMITH, AR-OK (FHA|USDA|VA) 306 $62,670,000 $204,804 $2,458 3.74%
Outside of Metro Areas 22 $4,310,000 $195,909 $3,008 3.89%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 8 $1,910,000 $238,750 $3,151 3.49%
OKLAHOMA CITY, OK (FHA|USDA|VA) 5 $1,135,000 $227,000 $4,687 3.90%
TULSA, OK (FHA|USDA|VA) 3 $675,000 $225,000 $3,696 4.53%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $375,000 $375,000 $3,491 3.13%
Helena, MT (FHA|USDA|VA) 1 $355,000 $355,000 $3,762 2.13%
HOT SPRINGS, AR (FHA|USDA|VA) 3 $285,000 $95,000 $2,593 3.69%
Muskogee, OK (FHA|USDA|VA) 1 $185,000 $185,000 $3,443 2.63%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $155,000 $155,000 $2,059 3.00%
Tahlequah, OK (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.75%
The First National Bank Of Fort Smith's top markets include Fayetteville, Fort Smith, Little Rock, Oklahoma City, and Tulsa among others.

Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 815 $214,825,000 $263,589 $2,591 3.54%

    For 2020, The First National Bank Of Fort Smith's most frequently originated type of loan was Conventional, with 815 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 442 $128,740,000 $291,267 $2,671 3.68%
    Refi 270 $68,600,000 $254,074 $2,394 3.33%
    Cash Out Refi 71 $12,715,000 $179,085 $2,924 3.11%
    Other 18 $2,660,000 $147,778 $2,426 3.92%
    Home Improvement 14 $2,110,000 $150,714 $1,604 4.97%

    For 2020, The First National Bank Of Fort Smith's most frequently cited loan purpose was Home Purchase, with 442 originations. The 2nd most popular reason was Refi, with 270 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 410 $92,270,000 $225,049 $2,662 3.13%
    15 Year 137 $26,845,000 $195,949 $2,483 2.85%
    5 Year 79 $27,075,000 $342,722 $1,669 5.00%
    Other 48 $38,390,000 $799,792 $2,644 4.91%
    20 Year 48 $9,510,000 $198,125 $2,436 3.26%
    3 Year 45 $8,975,000 $199,444 $0 4.72%
    1 Year 34 $7,670,000 $225,588 $2,994 5.01%
    10 Year 14 $4,090,000 $292,143 $2,468 2.95%

    For 2020, The First National Bank Of Fort Smith's most frequently cited loan duration was 30 Year, with 410 originations. The 2nd most popular length was 15 Year, with 137 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 504 $106,560,000 $211,429
    $1k-2k 97 $17,945,000 $185,000
    $2k-3k 34 $9,500,000 $279,412
    $3k-4k 10 $2,900,000 $290,000
    $4k-5k 1 $215,000 $215,000
    $5k+ 1 $455,000 $455,000

    The First National Bank Of Fort Smith's average total fees were $2,662, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 504 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 256 $58,210,000 $227,383
    3-4% 207 $50,265,000 $242,826
    4-5% 148 $66,720,000 $450,811
    <2.5% 120 $29,720,000 $247,667
    5-6% 80 $9,760,000 $122,000
    6-7% 4 $150,000 $37,500

    During 2020, The First National Bank Of Fort Smith's average interest rate for loans was 3.13%, while their most frequently originated rate bucket for loans was 2.5-3%, with 256 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 310 $84,580,000 $272,839 $2,735 3.22%
    $100k-200k 294 $43,840,000 $149,116 $2,451 3.50%
    $100,000 or less 149 $9,725,000 $65,268 $2,139 4.31%
    $400k-600k 47 $21,735,000 $462,447 $3,408 3.12%
    $1MM+ 11 $51,155,000 $4,650,455 $0 4.27%
    $600k-1MM 4 $3,790,000 $947,500 $0 4.91%

    2020 saw The First National Bank Of Fort Smith place emphasis on $200k-400k loans with 310 originations, totaling $84,580,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 158 $38,350,000 $242,722 $2,596 3.09%
    $50k-75k 124 $19,720,000 $159,032 $2,566 3.37%
    $50k or less 106 $12,510,000 $118,019 $2,372 3.61%
    $150k-250k 100 $29,040,000 $290,400 $2,884 3.07%
    $75k-100k 95 $19,305,000 $203,211 $2,607 3.23%
    $250k+ 55 $15,645,000 $284,455 $2,714 3.31%

    The First National Bank Of Fort Smith lent most frequently to those with incomes in the $100k-150k range, with 158 originations. The second most popular income band? $50k-75k, with 124 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 202 $43,300,000 $214,356 $2,503 3.15%
    <20% 146 $31,900,000 $218,493 $2,450 3.01%
    30-36% 126 $25,450,000 $201,984 $2,697 3.35%
    36% 21 $3,895,000 $185,476 $2,500 3.58%
    41% 20 $3,280,000 $164,000 $2,552 3.36%
    39% 19 $3,735,000 $196,579 $2,964 3.36%
    44% 16 $3,230,000 $201,875 $2,783 3.47%
    40% 16 $3,900,000 $243,750 $2,517 3.32%
    37% 16 $3,220,000 $201,250 $3,472 3.22%
    42% 13 $2,585,000 $198,846 $2,853 3.45%
    43% 12 $2,360,000 $196,667 $2,519 3.23%
    38% 11 $2,945,000 $267,727 $2,921 3.27%
    45% 8 $2,190,000 $273,750 $2,581 2.92%
    46% 8 $1,840,000 $230,000 $2,628 2.91%
    49% 8 $1,830,000 $228,750 $2,491 2.97%
    48% 7 $1,405,000 $200,714 $2,536 3.25%
    47% 6 $1,580,000 $263,333 $2,341 3.23%

    The First National Bank Of Fort Smith lent most frequently to those with DTI ratios of 20-30%, with 202 originations. The next most common DTI ratio? <20%, with 146 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 583 $118,595,000 $203,422 $2,575 3.38%
    Not applicable 108 $70,150,000 $649,537 $0 4.77%
    Asian 64 $15,260,000 $238,438 $2,638 3.18%
    Not provided 23 $5,105,000 $221,957 $2,608 3.14%
    American Indian 31 $4,585,000 $147,903 $2,847 3.52%
    Black 6 $1,130,000 $188,333 $2,248 2.98%

    Approval Rates

    Total approvals of all applications
    92.78%

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

    Pick Rate

    Approvals leading to origination
    76.93%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 815 $214,825,000 $263,589

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $1,165,000 $388,333
    Multifamily:Site-Built 25 $56,795,000 $2,271,800
    Single Family (1-4 Units):Manufactured 13 $995,000 $76,538
    Single Family (1-4 Units):Site-Built 774 $155,870,000 $201,382

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 44 $5,700,000 $129,545 $2,165 3.95%
    40-60% 89 $17,195,000 $193,202 $2,306 3.29%
    60-80% 362 $101,870,000 $281,409 $2,595 3.42%
    80-100% 307 $88,915,000 $289,625 $2,735 3.63%
    Over 100% 1 $95,000 $95,000 $0 6.00%
    Under 20% 10 $960,000 $96,000 $638 5.08%

    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 $74,252
    The First National Bank of Fort Smith 1500 East Cherokee Sallisaw, OK 74955 Limited, Drive-thru $31,636
    The First National Bank of Fort Smith 1626 Empire St Lowell, AR 72745 Full Service B&M $12,895
    The First National Bank of Fort Smith 2000 Midland Boulevard Fort Smith, AR 72901 Full Service B&M $35,436
    The First National Bank of Fort Smith 225 E Main St Charleston, AR 72933 Full Service B&M $24,000
    The First National Bank of Fort Smith 2638 East Joyce Blvd., Suite 100 Fayetteville, AR 72703 Full Service B&M $28,919
    The First National Bank of Fort Smith 2727 Grand Avenue Fort Smith, AR 72901 Full Service B&M $21,709
    The First National Bank of Fort Smith 311 East Center Street Greenwood, AR 72936 Full Service B&M $28,443
    The First National Bank of Fort Smith 350 East Centerton Boulevard Centerton, AR 72719 Full Service B&M $21,940
    The First National Bank of Fort Smith 3515 Greenwood Road Fort Smith, AR 72903 Full Service B&M $67,799
    The First National Bank of Fort Smith 3706 Pinnacle Parkway Hill Rogers, AR 72758 Full Service B&M $43,951
    The First National Bank of Fort Smith 400 W Main Street Lavaca, AR 72941 Full Service B&M $33,992
    The First National Bank of Fort Smith 401 East Ray Fine Blvd. Roland, OK 74954 Full Service B&M $9,461
    The First National Bank of Fort Smith 401 Sw A Street Bentonville, AR 72712 Full Service B&M $15,096
    The First National Bank of Fort Smith 5201 Rogers Ave Fort Smith, AR 72903 Full Service B&M $82,701
    The First National Bank of Fort Smith 602 Garrison Avenue Fort Smith, AR 72901 Full Service B&M $535,296
    The First National Bank of Fort Smith 7410 Rogers Avenue Fort Smith, AR 72903 Full Service B&M $90,117
    The First National Bank of Fort Smith 800 Phoenix Avenue Fort Smith, AR 72901 Full Service B&M $57,169
    The First National Bank of Fort Smith 801 North Dixieland Rogers, AR 72756 Full Service B&M $57,905
    The First National Bank of Fort Smith 8225 South Zero Fort Smith, AR 72903 Full Service B&M $43,823
    The First National Bank of Fort Smith 9300 Highway 71 South Fort Smith, AR 72903 Full Service B&M $98,059

    For 2020, The First National Bank Of Fort Smith had 21 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $57,588
    Net interest income $53,141
    Total noninterest income $18,132
    Gross Fiduciary activities income $3,614
    Service charges on deposit accounts $3,543
    Trading account gains and fees $0
    Additional Noninterest Income $10,975
    Pre-tax net operating income $31,666
    Securities gains (or losses, -) $135
    Income before extraordinary items $24,214
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $24,214
    Minority interest net income $0
    Net income $24,214
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $24,107

    The First National Bank Of Fort Smith's gross interest income from loans was $57,588,000.
    The First National Bank Of Fort Smith's net interest income from loans was $53,141,000.
    The First National Bank Of Fort Smith's fee based income from loans was $3,543,000.
    The First National Bank Of Fort Smith's net income from loans was $24,214,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,447
    Provision for credit losses $2,993
    Total noninterest expense $36,614
    Salaries and employee benefits $22,832
    Premises and equipment expense $4,214
    Additional noninterest expense $9,568
    Applicable income taxes $7,587
    Net charge-offs $-782
    Cash dividends $19,000

    The First National Bank Of Fort Smith's interest expense for loans was $4,447,000.
    The First National Bank Of Fort Smith's payroll and benefits expense were $22,832,000.
    The First National Bank Of Fort Smith's property, plant and equipment expenses $4,214,000.

    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 0.0%
    All other family 1.0%
    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 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,465,943
    Deposits held in domestic offices $1,465,943
    Deposits by Individuals, partnerships, and corporations $1,403,412
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $55,996
    Deposits by Commercial banks and other depository institutions in U.S. $6,534
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $549,230
    Demand deposits $417,688
    Nontransaction accounts $916,713
    Money market deposit accounts (MMDAs) $617,846
    Other savings deposits (excluding MMDAs) $132,133
    Total time deposits $166,734
    Total time and savings deposits $1,048,255
    Noninterest-bearing deposits $580,800
    Interest-bearing deposits $885,143
    Retail deposits $1,433,206
    IRAs and Keogh plan accounts $24,104
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,780,316
    Cash & Balances due from depository institutions $338,616
    Interest-bearing balances $297,186
    Total securities $220,406
    Federal funds sold & reverse repurchase $696
    Net loans and leases $1,110,484
    Loan and leases loss allowance $16,610
    Trading account assets $0
    Bank premises and fixed assets $25,876
    Other real estate owned $900
    Goodwill and other intangibles $18,336
    All other assets $65,002

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,780,316
    Total Liabilities $1,606,809
    Total deposits $1,465,943
    Interest-bearing deposits $885,143
    Deposits held in domestic offices $1,465,943
    % insured (estimated) $65
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $127,021
    Subordinated debt $0
    All other liabilities $13,845

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,110,484
    Loan and leases loss allowance $16,610
    Total loans and leases (domestic) $1,127,094
    All real estate loans $899,024
    Real estate loans in domestic offices $899,024
    Construction and development loans $115,896
    Residential 1-4 family construction $45,153
    Other construction, all land development and other land $70,743
    Loans secured by nonfarm nonresidential properties $416,204
    Nonfarm nonresidential secured by owner-occupied properties $210,990
    Commercial real estate & other non-farm, non-residential $205,214
    Multifamily residential real estate $128,406
    1-4 family residential loans $182,871
    Farmland loans $55,647
    Loans held in foreign offices $0
    Farm loans $8,984
    Commercial and industrial loans $210,991
    To non-U.S. addressees $0
    Loans to individuals $10,468
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,162
    Other loans to individuals $8,306
    All other loans & leases $821
    Loans to foreign governments and official institutions $0
    Other loans $821
    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 $1,320
    Non 1-4 family restructured loans & leases $1,193
    Total loans and leases (foreign) $0

    The First National Bank of Fort Smith had $1,110,484,000 of loans outstanding in 2020. $899,024,000 of loans were in real estate loans. $115,896,000 of loans were in development loans. $128,406,000 of loans were in multifamily mortgage loans. $182,871,000 of loans were in 1-4 family mortgage loans. $8,984,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,162,000 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 303 $69,446 $229,195
    Nonfarm, nonresidential loans - <$100k 60 $2,595 $43,250
    Nonfarm, nonresidential loans - $100-250k 89 $10,985 $123,427
    Nonfarm, nonresidential loans - $250k-1MM 154 $55,866 $362,766
    Commercial & Industrial, US addressed loans - <$1MM 1,401 $93,192 $66,518
    Commercial & Industrial, US addressed loans - <$100k 1,040 $24,319 $23,384
    Commercial & Industrial, US addressed loans - $100-250k 194 $21,921 $112,995
    Commercial & Industrial, US addressed loans - $250k-1MM 167 $46,952 $281,150
    Farmland loans - <$1MM 107 $11,854 $110,785
    Farmland loans - <$100k 45 $1,666 $37,022
    Farmland loans - $100-250k 37 $4,359 $117,811
    Farmland loans - $250k-1MM 25 $5,829 $233,160
    Agriculture operations loans - <$1MM 152 $6,188 $40,711
    Agriculture operations loans - <$100k 120 $2,393 $19,942
    Agriculture operations loans - $100-250k 24 $2,296 $95,667
    Agriculture operations loans - $250k-1MM 8 $1,499 $187,375