First Community Bank Mortgage Rates, Fees & Info

Batesville, AR

LEI: 549300IEIM2IT5YK4368

Tax ID: 71-0799734

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Mortgage Data

Bank Data

Review & 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 by origination volume include: Jonesboro, Batesville, Little Rock, Searcy, and Mountain Home among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Community Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Community Bank 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 relatively high 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 6.79% 3/24/24
30 Year Conventional Refi 6.83% 3/24/24
30 Year Cash-out Refi 6.87% 3/24/24
30 Year FHA Purchase 7.43% 3/24/24
30 Year FHA Refi 7.39% 3/24/24
30 Year VA Purchase 6.30% 3/24/24
30 Year VA Refi 6.01% 3/24/24
30 Year USDA Purchase 6.72% 3/24/24
15 Year Conventional Purchase 6.58% 3/24/24
15 Year Conventional Refi 6.59% 3/24/24
15 Year Cash-out Refi 6.59% 3/24/24
15 Year FHA Purchase 5.68% 3/24/24
15 Year VA Refi 6.13% 3/24/24
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.

First Community Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from First Community Bank. 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

450

Origination Dollar Volume (All Markets)

$56,240,000

Employee count

356

Awards

First Community Bank 30 Year Conventional Loans gold First Community Bank 30 Year Conventional Loans gold
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
JONESBORO, AR (FHA|USDA|VA) 83 $13,935,000 $167,892 $1,892 6.17%
Batesville, AR (FHA|USDA|VA) 109 $9,495,000 $87,110 $2,135 6.12%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 54 $8,630,000 $159,815 $2,889 5.93%
Searcy, AR (FHA|USDA|VA) 54 $5,470,000 $101,296 $1,527 6.41%
Mountain Home, AR (FHA|USDA|VA) 42 $4,890,000 $116,429 $1,362 6.05%
Outside of Metro Areas 45 $4,265,000 $94,778 $2,437 6.23%
JOPLIN, MO (FHA|USDA|VA) 30 $3,640,000 $121,333 $1,975 6.38%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 10 $3,070,000 $307,000 $2,313 5.55%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $850,000 $425,000 $0 5.75%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $395,000 $395,000 $0 5.95%
Paragould, AR (FHA|USDA|VA) 7 $365,000 $52,143 $4,961 5.61%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $355,000 $355,000 $0 4.95%
Blytheville, AR (FHA|USDA|VA) 5 $215,000 $43,000 $1,085 6.75%
Pittsburg, KS (FHA|USDA|VA) 1 $215,000 $215,000 $0 6.50%
PINE BLUFF, AR (FHA|USDA|VA) 1 $165,000 $165,000 $1,656 7.32%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $75,000 $75,000 $2,262 5.86%
West Plains, MO (FHA|USDA|VA) 1 $75,000 $75,000 $2,025 6.00%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.59%
Kennett, MO (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.75%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.50%
First Community Bank's top markets include Jonesboro, Batesville, Little Rock, Searcy, and Mountain Home among others.

Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against First Community Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 428 $53,310,000 $124,556 $1,401 6.22%
    FHA 20 $2,820,000 $141,000 $6,091 4.76%
    USDA 2 $110,000 $55,000 $3,076 4.75%

    For 2018, First Community Bank's most frequently originated type of loan was Conventional, with 428 originations. Their 2nd most popular type was FHA, with 20 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 302 $38,160,000 $126,358 $2,404 6.02%
    Refi 77 $14,565,000 $189,156 $1,252 6.28%
    Home Improvement 62 $3,140,000 $50,645 $1,112 6.51%
    Other 8 $170,000 $21,250 $587 7.29%
    Cash Out Refi 1 $205,000 $205,000 $8,477 4.25%

    For 2018, First Community Bank's most frequently cited loan purpose was Home Purchase, with 302 originations. The 2nd most popular reason was Refi, with 77 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 114 $12,220,000 $107,193 $1,467 6.25%
    3 Year 107 $10,355,000 $96,776 $324 6.18%
    1 Year 67 $9,265,000 $138,284 $1,462 6.20%
    5 Year 64 $12,060,000 $188,438 $1,188 6.17%
    30 Year 59 $9,395,000 $159,237 $3,080 5.47%
    15 Year 15 $1,385,000 $92,333 $1,294 6.84%
    20 Year 14 $870,000 $62,143 $1,428 6.56%
    10 Year 9 $575,000 $63,889 $1,098 6.67%
    30+ year 1 $115,000 $115,000 $0 5.50%

    For 2018, First Community Bank's most frequently cited loan duration was Other, with 114 originations. The 2nd most popular length was 3 Year, with 107 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 140 $17,480,000 $124,857
    $2k-3k 11 $1,665,000 $151,364
    $1k-2k 8 $640,000 $80,000
    $3k-4k 2 $410,000 $205,000

    First Community Bank's average total fees were $3,080, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 140 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 188 $30,960,000 $164,681
    6-7% 145 $10,835,000 $74,724
    7-8% 56 $3,700,000 $66,071
    4-5% 48 $10,130,000 $211,042
    Over 8% 12 $400,000 $33,333
    3-4% 1 $215,000 $215,000

    During 2018, First Community Bank's average interest rate for loans was 5.47%, while their most frequently originated rate bucket for loans was 5-6%, with 188 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 290 $14,550,000 $50,172 $1,445 6.39%
    $100k-200k 96 $13,690,000 $142,604 $2,866 5.85%
    $200k-400k 49 $13,645,000 $278,469 $2,535 5.50%
    $400k-600k 9 $4,365,000 $485,000 $2,003 5.52%
    $1MM+ 3 $7,695,000 $2,565,000 $0 5.37%
    $600k-1MM 3 $2,295,000 $765,000 $3,801 5.82%

    2018 saw First Community Bank place emphasis on $100,000 or less loans with 290 originations, totaling $14,550,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 98 $6,220,000 $63,469 $1,622 6.57%
    $50k-75k 74 $6,530,000 $88,243 $2,130 6.28%
    $75k-100k 61 $6,035,000 $98,934 $3,052 6.12%
    $100k-150k 55 $6,435,000 $117,000 $1,787 6.13%
    $150k-250k 22 $3,660,000 $166,364 $1,620 5.87%
    $250k+ 22 $6,950,000 $315,909 $2,210 5.42%

    First Community Bank lent most frequently to those with incomes in the $50k or less range, with 98 originations. The second most popular income band? $50k-75k, with 74 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 58 $8,160,000 $140,690 $1,737 6.58%
    30-36% 45 $5,735,000 $127,444 $1,772 6.23%
    <20% 35 $3,075,000 $87,857 $1,226 6.33%
    44% 9 $1,065,000 $118,333 $3,034 5.44%
    37% 9 $865,000 $96,111 $2,678 5.73%
    38% 9 $955,000 $106,111 $2,122 6.58%
    36% 5 $455,000 $91,000 $4,739 5.92%
    43% 5 $355,000 $71,000 $2,404 6.30%
    41% 4 $770,000 $192,500 $2,396 5.60%
    42% 4 $380,000 $95,000 $2,776 6.08%
    39% 3 $405,000 $135,000 $1,604 5.78%
    50-60% 2 $610,000 $305,000 $1,771 5.94%
    40% 2 $200,000 $100,000 $4,624 5.64%
    46% 1 $205,000 $205,000 $8,477 4.25%

    First Community Bank lent most frequently to those with DTI ratios of 20-30%, with 58 originations. The next most common DTI ratio? 30-36%, with 45 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 329 $35,185,000 $106,945 $2,021 6.24%
    Not applicable 111 $19,475,000 $175,450 $599 5.92%
    Asian 6 $940,000 $156,667 $1,554 5.65%
    Black 2 $510,000 $255,000 $1,486 4.75%
    Not provided 2 $130,000 $65,000 $1,259 6.28%

    Approval Rates

    Total approvals of all applications
    82.16%

    First Community Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    60.00%

    First Community Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 450 $56,240,000 $124,978

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $210,000 $105,000
    Multifamily:Site-Built 8 $7,510,000 $938,750
    Single Family (1-4 Units):Manufactured 61 $2,705,000 $44,344
    Single Family (1-4 Units):Site-Built 379 $45,815,000 $120,884

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $1,030,000 $42,917 $1,332 6.58%
    40-60% 61 $5,095,000 $83,525 $1,288 6.40%
    60-80% 151 $15,425,000 $102,152 $1,401 6.34%
    80-100% 180 $31,280,000 $173,778 $2,681 5.84%
    Over 100% 1 $355,000 $355,000 $0 5.49%
    Under 20% 32 $2,880,000 $90,000 $834 6.29%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST COMMUNITY MORTGAGE, INC. Conventional home mortgage Trouble during payment process 1 33.3%
    FIRST COMMUNITY MORTGAGE, INC. Conventional home mortgage Closing on a mortgage 1 33.3%
    FIRST COMMUNITY MORTGAGE, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Community Bank 1 Iroquois Drive Cherokee Village, AR 72529 Full Service B&M $27,551
    First Community Bank 102 South Main Street Cave City, AR 72521 Full Service B&M $18,631
    First Community Bank 11 Prospect Court Cabot, AR 72023 Full Service B&M $3,879
    First Community Bank 110 E Main St Goodman, MO 64843 Full Service B&M $34,225
    First Community Bank 111 E. Main Street Neosho, MO 64850 Full Service B&M $34,379
    First Community Bank 1325 Harrison Street Batesville, AR 72501 Full Service B&M $339,813
    First Community Bank 159 Highway 167 Bald Knob, AR 72010 Full Service B&M $52,891
    First Community Bank 1617 S. Caraway Road Jonesboro, AR 72401 Full Service B&M $85,610
    First Community Bank 202 Greenwood Avenue Lepanto, AR 72354 Full Service B&M $26,963
    First Community Bank 2401 West Beebe-Capps Expressway Searcy, AR 72143 Full Service B&M $115,880
    First Community Bank 2801 E Race Ave Searcy, AR 72143 Full Service B&M $51,312
    First Community Bank 3 Eagle Mountain Blvd. Batesville, AR 72501 Full Service B&M $15,996
    First Community Bank 3005 Gardner-Edgewood Drive Neosho, MO 64850 Full Service B&M $38,950
    First Community Bank 306 Elder Street Bay, AR 72411 Full Service B&M $8,508
    First Community Bank 3084 Bill Foster Memorial Highway Cabot, AR 72023 Full Service B&M $39,004
    First Community Bank 310 Hwy 62 E Mountain Home, AR 72653 Full Service B&M $55,128
    First Community Bank 4900 Kavanaugh Boulevard Little Rock, AR 72207 Full Service B&M $8,284
    First Community Bank 56 Wright Hill Lane Pineville, MO 64856 Full Service B&M $3,989
    First Community Bank 630 Southwest Drive Jonesboro, AR 72401 Full Service B&M $88,511
    First Community Bank 800 East Beebe Capps Expressway Searcy, AR 72143 Full Service B&M $27,828
    First Community Bank One Allen Chapel Road Batesville, AR 72501 Full Service B&M $11,000

    For 2018, First Community Bank had 21 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $63,547
    Net interest income $49,121
    Total noninterest income $12,254
    Gross Fiduciary activities income $597
    Service charges on deposit accounts $4,027
    Trading account gains and fees $0
    Additional Noninterest Income $7,630
    Pre-tax net operating income $19,010
    Securities gains (or losses, -) $81
    Income before extraordinary items $15,012
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $15,012
    Minority interest net income $0
    Net income $15,012
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $14,948

    First Community Bank's gross interest income from loans was $63,547,000.
    First Community Bank's net interest income from loans was $49,121,000.
    First Community Bank's fee based income from loans was $4,027,000.
    First Community Bank's net income from loans was $15,012,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $14,426
    Provision for credit losses $3,600
    Total noninterest expense $38,765
    Salaries and employee benefits $22,880
    Premises and equipment expense $4,509
    Additional noninterest expense $11,376
    Applicable income taxes $4,079
    Net charge-offs $1,946
    Cash dividends $2,100

    First Community Bank's interest expense for loans was $14,426,000.
    First Community Bank's payroll and benefits expense were $22,880,000.
    First Community Bank's property, plant and equipment expenses $4,509,000.

    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 1.0%
    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 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,162,279
    Deposits held in domestic offices $1,162,279
    Deposits by Individuals, partnerships, and corporations $992,458
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $169,821
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $29,715
    Demand deposits $12,965
    Nontransaction accounts $1,132,564
    Money market deposit accounts (MMDAs) $125,021
    Other savings deposits (excluding MMDAs) $450,276
    Total time deposits $557,267
    Total time and savings deposits $1,149,314
    Noninterest-bearing deposits $140,529
    Interest-bearing deposits $1,021,750
    Retail deposits $1,007,448
    IRAs and Keogh plan accounts $59,756
    Brokered deposits $2,724
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,471,542
    Cash & Balances due from depository institutions $33,904
    Interest-bearing balances $14,963
    Total securities $201,170
    Federal funds sold & reverse repurchase $1,500
    Net loans and leases $1,151,326
    Loan and leases loss allowance $13,665
    Trading account assets $0
    Bank premises and fixed assets $41,195
    Other real estate owned $5,597
    Goodwill and other intangibles $1,007
    All other assets $35,843

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,471,542
    Total Liabilities $1,343,713
    Total deposits $1,162,279
    Interest-bearing deposits $1,021,750
    Deposits held in domestic offices $1,162,279
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $29,830
    Trading liabilities $0
    Other borrowed funds $145,494
    Subordinated debt $0
    All other liabilities $6,110

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,151,326
    Loan and leases loss allowance $13,665
    Total loans and leases (domestic) $1,164,991
    All real estate loans $888,316
    Real estate loans in domestic offices $888,316
    Construction and development loans $145,963
    Residential 1-4 family construction $56,802
    Other construction, all land development and other land $89,161
    Loans secured by nonfarm nonresidential properties $339,901
    Nonfarm nonresidential secured by owner-occupied properties $225,032
    Commercial real estate & other non-farm, non-residential $114,869
    Multifamily residential real estate $37,895
    1-4 family residential loans $309,620
    Farmland loans $54,937
    Loans held in foreign offices $0
    Farm loans $19,706
    Commercial and industrial loans $180,079
    To non-U.S. addressees $0
    Loans to individuals $64,630
    Credit card loans $4,284
    Related Plans $1,103
    Consumer Auto Loans $5,889
    Other loans to individuals $53,354
    All other loans & leases $12,260
    Loans to foreign governments and official institutions $0
    Other loans $734
    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 $7,805
    Non 1-4 family restructured loans & leases $7,531
    Total loans and leases (foreign) $0

    First Community Bank had $1,151,326,000 of loans outstanding in 2018. $888,316,000 of loans were in real estate loans. $145,963,000 of loans were in development loans. $37,895,000 of loans were in multifamily mortgage loans. $309,620,000 of loans were in 1-4 family mortgage loans. $19,706,000 of loans were in farm loans. $4,284,000 of loans were in credit card loans. $5,889,000 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 664 $136,276 $205,235
    Nonfarm, nonresidential loans - <$100k 208 $8,797 $42,293
    Nonfarm, nonresidential loans - $100-250k 205 $26,450 $129,024
    Nonfarm, nonresidential loans - $250k-1MM 251 $101,029 $402,506
    Commercial & Industrial, US addressed loans - <$1MM 3,405 $107,442 $31,554
    Commercial & Industrial, US addressed loans - <$100k 3,062 $40,053 $13,081
    Commercial & Industrial, US addressed loans - $100-250k 222 $24,714 $111,324
    Commercial & Industrial, US addressed loans - $250k-1MM 121 $42,675 $352,686
    Farmland loans - <$1MM 307 $31,782 $103,524
    Farmland loans - <$100k 150 $6,053 $40,353
    Farmland loans - $100-250k 115 $14,938 $129,896
    Farmland loans - $250k-1MM 42 $10,791 $256,929
    Agriculture operations loans - <$1MM 327 $13,487 $41,245
    Agriculture operations loans - <$100k 278 $6,238 $22,439
    Agriculture operations loans - $100-250k 34 $3,686 $108,412
    Agriculture operations loans - $250k-1MM 15 $3,563 $237,533