First State Bank Mortgage Rates, Fees & Info
Lonoke, ARLEI: 549300DFQP4S0ZYOBT18
Tax ID: 71-0057050
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Mortgage Data
Review & Overview
First State Bank is a smaller bank specializing in Home Purchase loans. First State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Fayetteville, Little Rock, Miami, Fort Smith, and Arkadelphia among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)First State Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
41Origination Dollar Volume (All Markets)
$14,055,000Top 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) | 8 | $5,310,000 | $663,750 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 13 | $3,545,000 | $272,692 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $2,725,000 | $389,286 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $0 | 0.00% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| Arkadelphia, AR (FHA|USDA|VA) | 6 | $340,000 | $56,667 | $0 | 0.00% |
| Batesville, AR (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| Searcy, AR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Blytheville, AR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Harrison, AR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 41 | $14,055,000 | $342,805 | $0 | 0.00% |
For 2023, First State Bank's most frequently originated type of loan was Conventional, with 41 originations.
Loan Reason
For 2023, First State Bank's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Other, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 41 | $14,055,000 | $342,805 | $0 | 0.00% |
For 2023, First State Bank's most frequently cited loan duration was Other, with 41 originations.
Loan Sizing
2023 saw First State Bank place emphasis on $100,000 or less loans with 14 originations, totaling $820,000 in origination value.
Applicant Income
First State Bank lent most frequently to those with incomes in the $250k+ range, with 6 originations. The second most popular income band? $50k or less, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 41 | $14,055,000 | $342,805 | $0 | 0.00% |
First State Bank lent most frequently to those with DTI ratios of Exempt%, with 41 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.56%
First State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination95.12%
First State Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 41 | $14,055,000 | $342,805 |