First Community Bank Mortgage Rates, Fees & Info

Batesville, AR

LEI: 549300IEIM2IT5YK4368

Tax ID: 71-0799734

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.79%	11/17/24
30 Year Conventional Refi	6.83%	11/17/24
30 Year Cash-out Refi	6.87%	11/17/24
30 Year FHA Purchase	7.43%	11/17/24
30 Year FHA Refi	7.39%	11/17/24
30 Year VA Purchase	6.30%	11/17/24
30 Year VA Refi	6.01%	11/17/24
30 Year USDA Purchase	6.72%	11/17/24
15 Year Conventional Purchase	6.58%	11/17/24
15 Year Conventional Refi	6.59%	11/17/24
15 Year Cash-out Refi	6.59%	11/17/24
15 Year FHA Purchase	5.68%	11/17/24
15 Year VA Refi	6.13%	11/17/24
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

Purchase Price:

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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

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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Similarity Rank: 120

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FIRST WESTERN MORTGAGE, INC.
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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