First State Bank Mortgage Rates, Fees & Info

Lonoke, AR

LEI: 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.

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

54

Origination Dollar Volume (All Markets)

$14,170,000

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
Outside of Metro Areas 54 $14,170,000 $262,407 $0 0.00%
First State Bank's top markets include

Their top states include:
  • Arkansas (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 54 $14,170,000 $262,407 $0 0.00%

    For 2018, First State Bank's most frequently originated type of loan was Conventional, with 54 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 39 $9,015,000 $231,154 $0 0.00%
    Cash Out Refi 7 $1,725,000 $246,429 $0 0.00%
    Other 4 $2,440,000 $610,000 $0 0.00%
    Home Improvement 2 $40,000 $20,000 $0 0.00%
    Refi 2 $950,000 $475,000 $0 0.00%

    For 2018, First State Bank's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 54 $14,170,000 $262,407 $0 0.00%

    For 2018, First State Bank's most frequently cited loan duration was Other, with 54 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 31 $7,475,000 $241,129 $0 0.00%
    $100,000 or less 8 $370,000 $46,250 $0 0.00%
    $100k-200k 8 $1,360,000 $170,000 $0 0.00%
    $400k-600k 4 $1,800,000 $450,000 $0 0.00%
    $600k-1MM 2 $1,550,000 $775,000 $0 0.00%
    $1MM+ 1 $1,615,000 $1,615,000 $0 0.00%

    2018 saw First State Bank place emphasis on $200k-400k loans with 31 originations, totaling $7,475,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 3 $1,255,000 $418,333 $0 0.00%
    $50k-75k 3 $415,000 $138,333 $0 0.00%
    $50k or less 3 $195,000 $65,000 $0 0.00%
    $100k-150k 2 $120,000 $60,000 $0 0.00%
    $250k+ 1 $415,000 $415,000 $0 0.00%
    $75k-100k 1 $65,000 $65,000 $0 0.00%

    First State Bank lent most frequently to those with incomes in the $150k-250k range, with 3 originations. The second most popular income band? $50k-75k, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 54 $14,170,000 $262,407 $0 0.00%

    First State Bank lent most frequently to those with DTI ratios of Exempt%, with 54 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 40 $11,680,000 $292,000 $0 0.00%
    White 13 $2,295,000 $176,538 $0 0.00%
    Other Asian 1 $195,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.44%

    First State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.44%

    First State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 54 $14,170,000 $262,407

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $2,860,000 $715,000
    Single Family (1-4 Units):Site-Built 50 $11,310,000 $226,200

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Problem with a credit reporting company's investigation into an existing problem 1 7.1%
    FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 3 21.4%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Incorrect information on your report 1 7.1%
    FIRST HORIZON BANK FHA mortgage Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 5 35.7%