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: Searcy, Jonesboro, Batesville, Joplin, and Little Rock among others. We have data for 13 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 about average 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%	11/21/24
30 Year Conventional Refi	6.83%	11/21/24
30 Year Cash-out Refi	6.87%	11/21/24
30 Year FHA Purchase	7.43%	11/21/24
30 Year FHA Refi	7.39%	11/21/24
30 Year VA Purchase	6.30%	11/21/24
30 Year VA Refi	6.01%	11/21/24
30 Year USDA Purchase	6.72%	11/21/24
15 Year Conventional Purchase	6.58%	11/21/24
15 Year Conventional Refi	6.59%	11/21/24
15 Year Cash-out Refi	6.59%	11/21/24
15 Year FHA Purchase	5.68%	11/21/24
15 Year VA Refi	6.13%	11/21/24
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

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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

562

Origination Dollar Volume (All Markets)

$74,410,000

Employee count

389

Awards

First Community Bank 30 Year Conventional Loans gold

Show all (3) 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
Searcy, AR (FHA\|USDA\|VA)	103	$17,135,000	$166,359	$2,588	5.63%
JONESBORO, AR (FHA\|USDA\|VA)	81	$14,115,000	$174,259	$3,049	5.77%
Batesville, AR (FHA\|USDA\|VA)	135	$12,315,000	$91,222	$2,686	5.72%
JOPLIN, MO (FHA\|USDA\|VA)	77	$7,595,000	$98,636	$2,619	6.03%
Outside of Metro Areas	64	$7,490,000	$117,031	$2,186	5.99%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	44	$6,480,000	$147,273	$3,139	5.89%
Mountain Home, AR (FHA\|USDA\|VA)	32	$3,620,000	$113,125	$1,949	5.93%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA\|USDA\|VA)	11	$2,105,000	$191,364	$2,481	5.55%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA\|USDA\|VA)	2	$1,200,000	$600,000	$0	5.73%
Harrison, AR (FHA\|USDA\|VA)	4	$830,000	$207,500	$0	5.07%
Pittsburg, KS (FHA\|USDA\|VA)	5	$615,000	$123,000	$0	6.60%
Russellville, AR (FHA\|USDA\|VA)	3	$525,000	$175,000	$2,618	4.71%
HOT SPRINGS, AR (FHA\|USDA\|VA)	1	$385,000	$385,000	$3,158	3.75%

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

Their top states include:

Arkansas (FHA|USDA|VA)

Missouri (FHA|USDA|VA)

Alabama (FHA|USDA|VA)

Kansas (FHA|USDA|VA)

Oklahoma (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.

Southwest Missouri Bank
Similarity Rank: 176

Southern Bank
Similarity Rank: 296

FIRST WESTERN MORTGAGE, INC.
Similarity Rank: 315

First Arkansas Bank and Trust
Similarity Rank: 392

Community National Bank & Trust
Similarity Rank: 442

Guaranty Bank
Similarity Rank: 496

Pinnacle Bank
Similarity Rank: 528

Truity Federal Credit Union
Similarity Rank: 680

First Community Bank
Similarity Rank: 767

Farmers Bank & Trust Company
Similarity Rank: 805

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	517	$68,455,000	$132,408	$2,106	5.95%
FHA	33	$4,665,000	$141,364	$6,057	4.25%
USDA	12	$1,290,000	$107,500	$4,531	3.66%

For 2019, First Community Bank's most frequently originated type of loan was Conventional, with 517 originations. Their 2nd most popular type was FHA, with 33 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	350	$44,130,000	$126,086	$2,827	5.83%
Refi	122	$23,820,000	$195,246	$2,953	5.50%
Home Improvement	56	$3,350,000	$59,821	$1,045	6.44%
Other	17	$875,000	$51,471	$1,088	6.82%
Cash Out Refi	17	$2,235,000	$131,471	$3,947	4.16%

For 2019, First Community Bank's most frequently cited loan purpose was Home Purchase, with 350 originations. The 2nd most popular reason was Refi, with 122 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	150	$24,950,000	$166,333	$3,781	4.66%
1 Year	102	$11,850,000	$116,176	$1,550	6.42%
Other	79	$8,995,000	$113,861	$1,340	6.41%
5 Year	73	$9,725,000	$133,219	$899	6.09%
3 Year	72	$7,080,000	$98,333	$640	6.41%
15 Year	40	$4,190,000	$104,750	$2,177	5.34%
10 Year	35	$6,255,000	$178,714	$1,045	5.86%
20 Year	11	$1,365,000	$124,091	$1,389	6.74%

For 2019, First Community Bank's most frequently cited loan duration was 30 Year, with 150 originations. The 2nd most popular length was 1 Year, with 102 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	176	$19,010,000	$108,011
$2k-3k	72	$10,720,000	$148,889
$1k-2k	29	$3,525,000	$121,552
$3k-4k	13	$3,035,000	$233,462
$4k-5k	6	$2,030,000	$338,333

First Community Bank's average total fees were $3,781, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 176 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
6-7%	198	$19,910,000	$100,556
5-6%	139	$21,195,000	$152,482
3-4%	81	$13,875,000	$171,296
4-5%	64	$13,050,000	$203,906
7-8%	61	$4,505,000	$73,852
Over 8%	15	$985,000	$65,667
2.5-3%	4	$890,000	$222,500

During 2019, First Community Bank's average interest rate for loans was 4.66%, while their most frequently originated rate bucket for loans was 6-7%, with 198 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	301	$16,065,000	$53,372	$1,563	6.33%
$100k-200k	171	$24,415,000	$142,778	$3,547	5.20%
$200k-400k	74	$19,830,000	$267,973	$3,702	5.10%
$600k-1MM	8	$6,660,000	$832,500	$2,975	5.78%
$400k-600k	5	$2,475,000	$495,000	$2,598	5.02%
$1MM+	3	$4,965,000	$1,655,000	$0	5.00%

2019 saw First Community Bank place emphasis on $100,000 or less loans with 301 originations, totaling $16,065,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	130	$9,750,000	$75,000	$2,261	5.94%
$50k-75k	102	$10,140,000	$99,412	$2,891	5.55%
$75k-100k	63	$9,615,000	$152,619	$3,019	5.62%
$100k-150k	58	$7,950,000	$137,069	$2,715	5.71%
$150k-250k	44	$7,820,000	$177,727	$2,643	5.63%
$250k+	20	$5,420,000	$271,000	$2,244	5.82%

First Community Bank lent most frequently to those with incomes in the $50k or less range, with 130 originations. The second most popular income band? $50k-75k, with 102 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	92	$10,180,000	$110,652	$2,391	5.58%
30-36%	66	$7,410,000	$112,273	$2,477	5.68%
<20%	65	$8,495,000	$130,692	$2,110	5.89%
37%	12	$1,410,000	$117,500	$2,511	5.85%
42%	11	$2,845,000	$258,636	$3,560	5.16%
36%	11	$1,695,000	$154,091	$4,514	4.79%
43%	10	$1,280,000	$128,000	$2,123	5.95%
40%	9	$995,000	$110,556	$3,121	5.01%
41%	9	$1,275,000	$141,667	$2,369	5.47%
38%	9	$1,125,000	$125,000	$3,037	4.93%
44%	9	$1,025,000	$113,889	$2,809	5.85%
39%	8	$990,000	$123,750	$2,770	5.54%
>60%	4	$760,000	$190,000	$3,340	5.31%
45%	4	$270,000	$67,500	$2,553	5.32%
50-60%	3	$545,000	$181,667	$6,268	3.83%
46%	3	$295,000	$98,333	$3,631	5.64%
47%	2	$320,000	$160,000	$3,775	3.63%
48%	2	$500,000	$250,000	$5,987	3.50%

First Community Bank lent most frequently to those with DTI ratios of 20-30%, with 92 originations. The next most common DTI ratio? 30-36%, with 66 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	418	$49,320,000	$117,990	$2,604	5.74%
Not applicable	129	$21,955,000	$170,194	$0	6.01%
Asian	3	$1,485,000	$495,000	$3,134	6.01%
Black	4	$600,000	$150,000	$3,863	5.24%
Not provided	5	$545,000	$109,000	$3,221	5.50%
American Indian	3	$505,000	$168,333	$2,102	6.56%

Approval Rates

Total approvals of all applications
85.13%

First Community Bank has an average approval rate.

Pick Rate

Approvals leading to origination
73.84%

First Community Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	562	$74,410,000	$132,402

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	28	$12,340,000	$440,714
Single Family (1-4 Units):Manufactured	45	$2,235,000	$49,667
Single Family (1-4 Units):Site-Built	489	$59,835,000	$122,362

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	39	$3,365,000	$86,282	$1,319	6.22%
40-60%	59	$7,625,000	$129,237	$1,982	5.94%
60-80%	194	$28,170,000	$145,206	$2,357	5.85%
80-100%	231	$33,865,000	$146,602	$3,378	5.52%
Over 100%	1	$145,000	$145,000	$0	6.10%
Under 20%	35	$1,175,000	$33,571	$844	6.56%

Complaints

Bank Name	Product	Issue	2019 CPFB Complaints	% of Total Issues
FIRST COMMUNITY MORTGAGE, INC.	VA mortgage	Closing on a mortgage	1	50.0%
FIRST COMMUNITY MORTGAGE, INC.	Conventional home mortgage	Struggling to pay mortgage	1	50.0%

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	$30,787
First Community Bank	102 South Main Street Cave City, AR 72521	Full Service B&M	$18,579
First Community Bank	11 Prospect Court Cabot, AR 72023	Full Service B&M	$10,335
First Community Bank	110 E Main St Goodman, MO 64843	Full Service B&M	$25,631
First Community Bank	111 E. Main Street Neosho, MO 64850	Full Service B&M	$42,101
First Community Bank	1325 Harrison Street Batesville, AR 72501	Full Service B&M	$336,211
First Community Bank	159 Highway 167 Bald Knob, AR 72010	Full Service B&M	$53,326
First Community Bank	1617 S. Caraway Road Jonesboro, AR 72401	Full Service B&M	$82,907
First Community Bank	202 Greenwood Avenue Lepanto, AR 72354	Full Service B&M	$28,064
First Community Bank	21196 U.S. Highway 71 Pineville, MO 64856	Full Service B&M	$10,898
First Community Bank	222 East Washington Avenue Jonesboro, AR 72401	Full Service B&M	$12
First Community Bank	2401 West Beebe-Capps Expressway Searcy, AR 72143	Full Service B&M	$120,884
First Community Bank	2525 Mclain Street Newport, AR 72112	Full Service B&M	$11,281
First Community Bank	2801 E Race Ave Searcy, AR 72143	Full Service B&M	$48,023
First Community Bank	3 Eagle Mountain Blvd. Batesville, AR 72501	Full Service B&M	$13,806
First Community Bank	3005 Gardner-Edgewood Drive Neosho, MO 64850	Full Service B&M	$35,954
First Community Bank	301 E. Main Street Batesville, AR 72501	Full Service B&M	$608
First Community Bank	306 Elder Street Bay, AR 72411	Full Service B&M	$9,398
First Community Bank	3084 Bill Foster Memorial Highway Cabot, AR 72023	Full Service B&M	$39,058
First Community Bank	310 Hwy 62 E Mountain Home, AR 72653	Full Service B&M	$56,729
First Community Bank	4900 Kavanaugh Boulevard Little Rock, AR 72207	Full Service B&M	$14,930
First Community Bank	630 Southwest Drive Jonesboro, AR 72401	Full Service B&M	$117,774
First Community Bank	800 East Beebe Capps Expressway Searcy, AR 72143	Full Service B&M	$34,412
First Community Bank	8201 Ranch Blvd, Suite B4 Little Rock, AR 72223	Full Service B&M	$7
First Community Bank	One Allen Chapel Road Batesville, AR 72501	Full Service B&M	$11,104

For 2019, First Community Bank had 25 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$70,228
Net interest income	$50,414
Total noninterest income	$13,447
Gross Fiduciary activities income	$761
Service charges on deposit accounts	$4,331
Trading account gains and fees	$0
Additional Noninterest Income	$8,355
Pre-tax net operating income	$18,318
Securities gains (or losses, -)	$24
Income before extraordinary items	$14,510
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$14,510
Minority interest net income	$0
Net income	$14,510
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$14,491

First Community Bank's gross interest income from loans was $70,228,000.
First Community Bank's net interest income from loans was $50,414,000.
First Community Bank's fee based income from loans was $4,331,000.
First Community Bank's net income from loans was $14,510,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$19,814
Provision for credit losses	$2,450
Total noninterest expense	$43,093
Salaries and employee benefits	$25,230
Premises and equipment expense	$5,570
Additional noninterest expense	$12,293
Applicable income taxes	$3,832
Net charge-offs	$2,982
Cash dividends	$2,600

First Community Bank's interest expense for loans was $19,814,000.
First Community Bank's payroll and benefits expense were $25,230,000.
First Community Bank's property, plant and equipment expenses $5,570,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	1.0%
Real Estate loans	1.0%
Construction & Land Development loans	2.0%
Nonfarm, nonresidential loans	0.0%
Multifamily residential loans	1.0%
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	$1,212,992
Deposits held in domestic offices	$1,212,992
Deposits by Individuals, partnerships, and corporations	$1,040,923
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$172,069
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	$22,787
Demand deposits	$10,132
Nontransaction accounts	$1,190,205
Money market deposit accounts (MMDAs)	$116,070
Other savings deposits (excluding MMDAs)	$477,939
Total time deposits	$596,196
Total time and savings deposits	$1,202,860
Noninterest-bearing deposits	$148,516
Interest-bearing deposits	$1,064,476
Retail deposits	$1,068,460
IRAs and Keogh plan accounts	$61,947
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,521,073
Cash & Balances due from depository institutions	$57,783
Interest-bearing balances	$40,271
Total securities	$225,770
Federal funds sold & reverse repurchase	$0
Net loans and leases	$1,150,020
Loan and leases loss allowance	$13,133
Trading account assets	$0
Bank premises and fixed assets	$45,348
Other real estate owned	$6,911
Goodwill and other intangibles	$892
All other assets	$34,349

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,521,073
Total Liabilities	$1,375,947
Total deposits	$1,212,992
Interest-bearing deposits	$1,064,476
Deposits held in domestic offices	$1,212,992
% insured (estimated)	$81
Federal funds purchased and repurchase agreements	$25,911
Trading liabilities	$0
Other borrowed funds	$130,408
Subordinated debt	$0
All other liabilities	$6,636

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$1,150,020
Loan and leases loss allowance	$13,133
Total loans and leases (domestic)	$1,163,153
All real estate loans	$875,048
Real estate loans in domestic offices	$875,048
Construction and development loans	$139,202
Residential 1-4 family construction	$45,554
Other construction, all land development and other land	$93,648
Loans secured by nonfarm nonresidential properties	$325,155
Nonfarm nonresidential secured by owner-occupied properties	$226,090
Commercial real estate & other non-farm, non-residential	$99,065
Multifamily residential real estate	$39,029
1-4 family residential loans	$306,847
Farmland loans	$64,815
Loans held in foreign offices	$0
Farm loans	$14,786
Commercial and industrial loans	$198,726
To non-U.S. addressees	$0
Loans to individuals	$58,790
Credit card loans	$4,631
Related Plans	$1,182
Consumer Auto Loans	$5,708
Other loans to individuals	$47,269
All other loans & leases	$15,803
Loans to foreign governments and official institutions	$0
Other loans	$840
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	$8,482
Non 1-4 family restructured loans & leases	$8,269
Total loans and leases (foreign)	$0

First Community Bank had $1,150,020,000 of loans outstanding in 2019. $875,048,000 of loans were in real estate loans. $139,202,000 of loans were in development loans. $39,029,000 of loans were in multifamily mortgage loans. $306,847,000 of loans were in 1-4 family mortgage loans. $14,786,000 of loans were in farm loans. $4,631,000 of loans were in credit card loans. $5,708,000 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	645	$129,782	$201,212
Nonfarm, nonresidential loans - <$100k	200	$9,190	$45,950
Nonfarm, nonresidential loans - $100-250k	204	$26,778	$131,265
Nonfarm, nonresidential loans - $250k-1MM	241	$93,814	$389,270
Commercial & Industrial, US addressed loans - <$1MM	3,222	$103,155	$32,016
Commercial & Industrial, US addressed loans - <$100k	2,879	$38,129	$13,244
Commercial & Industrial, US addressed loans - $100-250k	211	$21,778	$103,213
Commercial & Industrial, US addressed loans - $250k-1MM	132	$43,248	$327,636
Farmland loans - <$1MM	322	$33,134	$102,901
Farmland loans - <$100k	159	$6,745	$42,421
Farmland loans - $100-250k	118	$15,385	$130,381
Farmland loans - $250k-1MM	45	$11,004	$244,533
Agriculture operations loans - <$1MM	318	$12,939	$40,689
Agriculture operations loans - <$100k	274	$5,846	$21,336
Agriculture operations loans - $100-250k	28	$3,210	$114,643
Agriculture operations loans - $250k-1MM	16	$3,883	$242,688