First Community Bank Mortgage Rates, Fees & Info

Batesville, AR

LEI: 549300IEIM2IT5YK4368

Tax ID: 71-0799734

5 stars - out of 5 stars, based on 46 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

First Community Bank is a smaller bank specializing in Home Purchase and Refi loans. First Community Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Little Rock, Jonesboro, Batesville, Searcy, and Joplin among others. First Community Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. First Community Bank is typically an average fee lendor.


Originations

2,100

Origination Dollar Volume (All Markets)

$429,180,000

Employee count

458 Show all (10) awards

Relative Rate

First Community Bank's average 30 year fixed rate mortgage of loans were 3.03%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.12%.

Relative Fees

First Community Bank's average total fees for a 30 year fixed rate mortgage are $4,583.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 372 $102,620,000 $275,860 $4,210 3.75%
JONESBORO, AR (FHA|USDA|VA) 342 $89,280,000 $261,053 $4,596 3.42%
Batesville, AR (FHA|USDA|VA) 390 $54,980,000 $140,974 $3,708 3.69%
Searcy, AR (FHA|USDA|VA) 228 $39,550,000 $173,465 $3,725 3.48%
Outside of Metro Areas 214 $35,910,000 $167,804 $3,861 3.71%
JOPLIN, MO (FHA|USDA|VA) 227 $33,745,000 $148,656 $4,500 4.14%
Mountain Home, AR (FHA|USDA|VA) 82 $13,890,000 $169,390 $2,911 3.81%
Harrison, AR (FHA|USDA|VA) 76 $12,890,000 $169,605 $3,740 3.86%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 27 $12,455,000 $461,296 $4,745 3.84%
Paragould, AR (FHA|USDA|VA) 42 $8,480,000 $201,905 $4,558 2.95%
SPRINGFIELD, MO (FHA|USDA|VA) 29 $5,195,000 $179,138 $4,311 3.87%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $3,155,000 $3,155,000 $0 3.88%
HOT SPRINGS, AR (FHA|USDA|VA) 10 $2,750,000 $275,000 $3,853 3.43%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 4.99%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 6 $1,750,000 $291,667 $7,700 3.23%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 3 $965,000 $321,667 $0 3.75%
Blytheville, AR (FHA|USDA|VA) 6 $910,000 $151,667 $3,321 3.46%
Rolla, MO (FHA|USDA|VA) 2 $610,000 $305,000 $1,633 4.38%
Russellville, AR (FHA|USDA|VA) 4 $570,000 $142,500 $3,931 4.31%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $545,000 $545,000 $6,800 2.88%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $495,000 $495,000 $10,117 2.38%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $490,000 $245,000 $9,305 2.50%
Oxford, MS (FHA|USDA|VA) 1 $465,000 $465,000 $8,545 2.75%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $435,000 $435,000 $9,992 2.13%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $425,000 $425,000 $0 3.97%
Magnolia, AR (FHA|USDA|VA) 2 $380,000 $190,000 $6,898 2.75%
Pittsburg, KS (FHA|USDA|VA) 4 $360,000 $90,000 $0 5.31%
Malvern, AR (FHA|USDA|VA) 3 $355,000 $118,333 $2,552 3.29%
COLUMBIA, MO (FHA|USDA|VA) 1 $355,000 $355,000 $3,915 2.50%
Arkadelphia, AR (FHA|USDA|VA) 2 $320,000 $160,000 $1,596 4.31%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $285,000 $285,000 $5,036 3.50%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $235,000 $235,000 $6,845 2.99%
WICHITA, KS (FHA|USDA|VA) 1 $235,000 $235,000 $4,359 2.38%
TULSA, OK (FHA|USDA|VA) 1 $225,000 $225,000 $5,502 2.50%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $215,000 $215,000 $0 4.10%
Branson, MO (FHA|USDA|VA) 1 $195,000 $195,000 $0 4.68%
Weatherford, OK (FHA|USDA|VA) 1 $185,000 $185,000 $2,942 2.75%
Parsons, KS (FHA|USDA|VA) 2 $170,000 $85,000 $3,947 3.75%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,874 2.50%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.50%
MONTGOMERY, AL (FHA|USDA|VA) 1 $145,000 $145,000 $5,288 2.75%
El Dorado, AR (FHA|USDA|VA) 1 $135,000 $135,000 $3,251 3.25%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $125,000 $125,000 $4,557 3.25%
PINE BLUFF, AR (FHA|USDA|VA) 2 $120,000 $60,000 $0 5.25%
Okeechobee, FL (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.25%
Kennett, MO (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.75%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $75,000 $75,000 $2,695 2.63%

First Community Bank's top markets include Little Rock, Jonesboro, Batesville, Searcy, and Joplin among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,795 $378,535,000 $210,883 $3,582 3.85%
FHA 157 $27,125,000 $172,771 $6,760 2.77%
USDA 113 $15,415,000 $136,416 $4,738 2.66%
VA 35 $8,105,000 $231,571 $5,241 2.58%

For the 2021 period, First Community Bank's most frequently originated loan type of loans were Conventional, with 1,795 originations. Their 2nd most popular type is FHA, with 157 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,212 $253,620,000 $209,257 $4,348 3.82%
Refi 609 $135,305,000 $222,176 $3,816 3.49%
Cash Out Refi 206 $35,040,000 $170,097 $4,081 2.94%
Home Improvement 64 $4,570,000 $71,406 $1,479 5.18%
Other 9 $645,000 $71,667 $1,293 5.03%

For the 2021, First Community Bank's most frequently cited loan purpose of loans were Home Purchase, with 1,212 originations. The 2nd most popular reason of loans were Refi, with 609 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 990 $197,460,000 $199,455 $4,583 3.03%
5 Year 334 $78,360,000 $234,611 $1,030 4.63%
15 Year 225 $34,985,000 $155,489 $3,503 2.80%
Other 191 $50,235,000 $263,010 $1,970 4.83%
1 Year 154 $36,520,000 $237,143 $1,850 4.98%
3 Year 94 $15,700,000 $167,021 $1,029 4.66%
20 Year 72 $9,970,000 $138,472 $3,265 3.85%
10 Year 40 $5,950,000 $148,750 $2,484 3.80%

For the 2021, First Community Bank's most frequently cited loan length of loans were 30 Year, with 990 originations. The 2nd most popular length of loans were 5 Year, with 334 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$2k-3k 475 $78,735,000 $165,758
$1k-2k 391 $57,065,000 $145,946
$<1k 283 $47,155,000 $166,625
$3k-4k 217 $60,845,000 $280,392
$5k+ 41 $17,835,000 $435,000

$4,583 of loans were First Community Bank's average total fees, while their most frequently occuring range of origination fees were in the $2k-3k bucket, with 475 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 542 $107,510,000 $198,358
4-5% 537 $104,295,000 $194,218
3-4% 435 $124,405,000 $285,989
<2.5% 346 $66,090,000 $191,012
5-6% 177 $20,895,000 $118,051
6-7% 50 $5,030,000 $100,600
7-8% 11 $845,000 $76,818
Over 8% 2 $110,000 $55,000

During 2021, First Community Bank's average interest rate of loans were 3.03%, while their most frequently originated rate bucket of loans were 2.5-3%, with 542 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 895 $130,175,000 $145,447 $3,937 3.41%
$100,000 or less 589 $38,315,000 $65,051 $2,474 4.42%
$200k-400k 469 $127,355,000 $271,546 $5,135 3.27%
$400k-600k 85 $40,065,000 $471,353 $6,132 3.36%
$1MM+ 37 $74,015,000 $2,000,405 $7,021 4.13%
$600k-1MM 25 $19,255,000 $770,200 $2,998 4.31%

2021 saw First Community Bank place emphasis on $100k-200k loans with 895 originations, totaling $130,175,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 471 $53,385,000 $113,344 $3,648 3.57%
$50k-75k 404 $59,770,000 $147,946 $4,014 3.37%
$100k-150k 280 $63,920,000 $228,286 $4,550 3.43%
$75k-100k 265 $46,795,000 $176,585 $4,322 3.43%
$150k-250k 137 $36,655,000 $267,555 $4,632 3.51%
$250k+ 78 $26,990,000 $346,026 $4,103 3.68%

First Community Bank lent most frequently to those with incomes in the $50k or less range, with 471 originations. The second most popular income band? $50k-75k, with 404 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 357 $61,555,000 $172,423 $3,752 3.29%
30-36% 292 $55,430,000 $189,829 $4,178 3.24%
<20% 168 $26,680,000 $158,810 $3,190 3.43%
41% 56 $9,960,000 $177,857 $4,248 3.29%
39% 54 $10,230,000 $189,444 $4,146 3.12%
43% 52 $10,010,000 $192,500 $4,107 3.25%
36% 51 $9,605,000 $188,333 $3,887 3.55%
37% 50 $8,790,000 $175,800 $4,453 3.32%
40% 50 $9,840,000 $196,800 $4,273 3.19%
42% 49 $9,415,000 $192,143 $4,431 3.04%
44% 49 $9,715,000 $198,265 $4,714 3.18%
50-60% 45 $9,475,000 $210,556 $5,976 2.77%
45% 42 $7,810,000 $185,952 $4,594 2.97%
38% 37 $8,265,000 $223,378 $4,193 3.33%
48% 20 $4,410,000 $220,500 $5,538 3.04%
46% 19 $4,285,000 $225,526 $4,047 3.14%
47% 17 $3,895,000 $229,118 $4,919 2.88%
49% 15 $2,425,000 $161,667 $4,481 2.88%
>60% 3 $225,000 $75,000 $2,803 4.08%

First Community Bank lent most frequently to those with DTI ratios of 20-30%, with 357 originations. The next most common DTI ratio? 30-36%, with 292 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,544 $267,560,000 $173,290 $4,035 3.49%
Not applicable 423 $134,045,000 $316,891 $1,501 4.49%
Not provided 59 $12,285,000 $208,220 $4,164 3.28%
Black 45 $8,345,000 $185,444 $5,307 3.29%
Asian 15 $3,425,000 $228,333 $3,745 3.41%
American Indian 9 $1,795,000 $199,444 $4,453 2.81%
Asian Indian 3 $1,495,000 $498,333 $3,144 4.15%
Native Hawaiian 1 $125,000 $125,000 $5,876 2.50%
Other Asian 1 $105,000 $105,000 $0 4.35%

Approval Rates

Total approvals of all applications
89.58%

First Community Bank has an average approval rate.

Pick Rate

Approvals leading to origination
78.50%

First Community Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
236.0 2 $110,000 $55,000
316.33 1 $25,000 $25,000
NA 2,097 $429,045,000 $204,599

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,100 $429,180,000 $204,371

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 90 $10,820,000 $120,222 $2,593 4.02%
40-60% 198 $34,020,000 $171,818 $3,361 3.73%
60-80% 798 $164,220,000 $205,789 $3,805 3.70%
80-100% 945 $206,785,000 $218,820 $4,595 3.57%
Over 100% 20 $5,240,000 $262,000 $5,671 3.24%
Under 20% 36 $7,000,000 $194,444 $1,313 5.04%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
FIRST COMMUNITY MORTGAGE, INC. Conventional home mortgage Trouble during payment process 4 66.7%
FIRST COMMUNITY MORTGAGE, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%
FIRST COMMUNITY MORTGAGE, INC. Conventional home mortgage Struggling to pay mortgage 1 16.7%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
First Community Bank 3084 Bill Foster Memorial Highway Cabot, AR 72023 Full Service B&M $47,586
First Community Bank 1 Iroquois Drive Cherokee Village, AR 72529 Full Service B&M $43,640
First Community Bank 102 South Main Street Cave City, AR 72521 Full Service B&M $25,766
First Community Bank 1089 Front Street Conway, AR 72032 Full Service B&M $13,065
First Community Bank 11 Prospect Court Cabot, AR 72023 Full Service B&M $11,214
First Community Bank 110 E Main St Goodman, MO 64843 Full Service B&M $28,051
First Community Bank 111 E. Main Street Neosho, MO 64850 Full Service B&M $75,416
First Community Bank 1325 Harrison Street Batesville, AR 72501 Full Service B&M $371,649
First Community Bank 159 Highway 167 Bald Knob, AR 72010 Full Service B&M $63,588
First Community Bank 1617 S. Caraway Road Jonesboro, AR 72401 Full Service B&M $106,846
First Community Bank 202 Greenwood Avenue Lepanto, AR 72354 Full Service B&M $36,946
First Community Bank 21196 U.S. Highway 71 Pineville, MO 64856 Full Service B&M $15,961
First Community Bank 220 East Ridge Ave Harrison, AR 72601 Full Service B&M $19,970
First Community Bank 222 East Washington Avenue Jonesboro, AR 72401 Full Service B&M $4,168
First Community Bank 2401 West Beebe-Capps Expressway Searcy, AR 72143 Full Service B&M $145,743
First Community Bank 2525 Mclain Street Newport, AR 72112 Full Service B&M $28,302
First Community Bank 2801 E Race Ave Searcy, AR 72143 Full Service B&M $52,609
First Community Bank 3 Eagle Mountain Blvd. Batesville, AR 72501 Full Service B&M $19,668
First Community Bank 3005 Gardner-Edgewood Drive Neosho, MO 64850 Full Service B&M $48,816
First Community Bank 301 E. Main Street Batesville, AR 72501 Full Service B&M $1,817
First Community Bank 306 Elder Street Bay, AR 72411 Full Service B&M $12,019
First Community Bank 310 Hwy 62 E Mountain Home, AR 72653 Full Service B&M $72,543
First Community Bank 4900 Kavanaugh Boulevard Little Rock, AR 72207 Full Service B&M $33,671
First Community Bank 630 Southwest Drive Jonesboro, AR 72401 Full Service B&M $216,646
First Community Bank 800 East Beebe Capps Expressway Searcy, AR 72143 Full Service B&M $44,525
First Community Bank 8201 Ranch Blvd, Suite B4 Little Rock, AR 72223 Full Service B&M $3,721
First Community Bank One Allen Chapel Road Batesville, AR 72501 Full Service B&M $12,768

For 2021, First Community Bank had 27 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $78,538
Net interest income $65,501
Total noninterest income $23,099
Gross Fiduciary activities income $1,150
Service charges on deposit accounts $3,853
Trading account gains and fees $0
Additional Noninterest Income $18,096
Pre-tax net operating income $30,174
Securities gains (or losses, -) $258
Income before extraordinary items $23,430
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $23,430
Minority interest net income $0
Net income $23,430
Sale, conversion, retirement of capital stock, net $0
Net operating income $23,226

First Community Bank's gross interest income from loans was $78,538,000.
First Community Bank's net interest income from loans was $65,501,000.
First Community Bank's fee based income from loans was $3,853,000.
First Community Bank's net income from loans was $23,430,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $13,037
Provision for credit losses $2,600
Total noninterest expense $55,826
Salaries and employee benefits $35,149
Premises and equipment expense $5,877
Additional noninterest expense $14,800
Applicable income taxes $7,002
Net charge-offs $478
Cash dividends $1,491

First Community Bank's interest expense for loans was $13,037,000.
First Community Bank's payroll and benefits expense were $35,149,000.
First Community Bank's property, plant and equipment expenses $5,877,000.

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 1.0%
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 $1,713,819
Deposits held in domestic offices $1,713,819
Deposits by Individuals, partnerships, and corporations $1,465,852
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $247,721
Deposits by Commercial banks and other depository institutions in U.S. $246
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $68,899
Demand deposits $40,152
Nontransaction accounts $1,644,920
Money market deposit accounts (MMDAs) $190,678
Other savings deposits (excluding MMDAs) $839,262
Total time deposits $614,980
Total time and savings deposits $1,673,667
Noninterest-bearing deposits $313,009
Interest-bearing deposits $1,400,810
Retail deposits $1,555,492
IRAs and Keogh plan accounts $65,205
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $2,049,696
Cash & Balances due from depository institutions $105,204
Interest-bearing balances $89,550
Total securities $271,486
Federal funds sold & reverse repurchase $0
Net loans and leases $1,570,155
Loan and leases loss allowance $17,896
Trading account assets $0
Bank premises and fixed assets $64,944
Other real estate owned $793
Goodwill and other intangibles $683
All other assets $36,431

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $2,049,696
Total Liabilities $1,872,246
Total deposits $1,713,819
Interest-bearing deposits $1,400,810
Deposits held in domestic offices $1,713,819
% insured (estimated) $77
Federal funds purchased and repurchase agreements $36,747
Trading liabilities $0
Other borrowed funds $114,565
Subordinated debt $0
All other liabilities $7,115

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,570,155
Loan and leases loss allowance $17,896
Total loans and leases (domestic) $1,588,051
All real estate loans $1,222,153
Real estate loans in domestic offices $1,222,153
Construction and development loans $227,119
Residential 1-4 family construction $85,899
Other construction, all land development and other land $141,220
Loans secured by nonfarm nonresidential properties $489,684
Nonfarm nonresidential secured by owner-occupied properties $299,590
Commercial real estate & other non-farm, non-residential $190,094
Multifamily residential real estate $54,095
1-4 family residential loans $369,401
Farmland loans $81,854
Loans held in foreign offices $0
Farm loans $14,263
Commercial and industrial loans $243,075
To non-U.S. addressees $0
Loans to individuals $91,611
Credit card loans $4,916
Related Plans $1,472
Consumer Auto Loans $8,672
Other loans to individuals $76,551
All other loans & leases $16,949
Loans to foreign governments and official institutions $0
Other loans $1,003
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 $450
Non 1-4 family restructured loans & leases $360
Total loans and leases (foreign) $0

First Community Bank had $1,570,155,000 of loans outstanding in 2021. $1,222,153,000 of loans were in real estate loans. $227,119,000 of loans were in development loans. $54,095,000 of loans were in multifamily mortgage loans. $369,401,000 of loans were in 1-4 family mortgage loans. $14,263,000 of loans were in farm loans. $4,916,000 of loans were in credit card loans. $8,672,000 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 778 $164,004 $210,802
Nonfarm, nonresidential loans - <$100k 206 $9,695 $47,063
Nonfarm, nonresidential loans - $100-250k 280 $37,201 $132,861
Nonfarm, nonresidential loans - $250k-1MM 292 $117,108 $401,055
Commercial & Industrial, US addressed loans - <$1MM 7,004 $124,812 $17,820
Commercial & Industrial, US addressed loans - <$100k 6,638 $61,754 $9,303
Commercial & Industrial, US addressed loans - $100-250k 226 $24,684 $109,221
Commercial & Industrial, US addressed loans - $250k-1MM 140 $38,374 $274,100
Farmland loans - <$1MM 362 $42,689 $117,925
Farmland loans - <$100k 167 $7,952 $47,617
Farmland loans - $100-250k 132 $17,835 $135,114
Farmland loans - $250k-1MM 63 $16,902 $268,286
Agriculture operations loans - <$1MM 315 $11,704 $37,156
Agriculture operations loans - <$100k 276 $6,136 $22,232
Agriculture operations loans - $100-250k 25 $2,645 $105,800
Agriculture operations loans - $250k-1MM 14 $2,923 $208,786