First Community Bank Mortgage Rates, Fees & Info
Batesville, ARLEI: 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 a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Little Rock, Jonesboro, Batesville, Searcy, and Joplin among others. We have data for 37 markets. (Some data included below & more in-depth data is available with an active subscription.)First Community Bank has an above 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% | 4/22/24 |
| 30 Year Conventional Refi | 6.83% | 4/22/24 |
| 30 Year Cash-out Refi | 6.87% | 4/22/24 |
| 30 Year FHA Purchase | 7.43% | 4/22/24 |
| 30 Year FHA Refi | 7.39% | 4/22/24 |
| 30 Year VA Purchase | 6.30% | 4/22/24 |
| 30 Year VA Refi | 6.01% | 4/22/24 |
| 30 Year USDA Purchase | 6.72% | 4/22/24 |
| 15 Year Conventional Purchase | 6.58% | 4/22/24 |
| 15 Year Conventional Refi | 6.59% | 4/22/24 |
| 15 Year Cash-out Refi | 6.59% | 4/22/24 |
| 15 Year FHA Purchase | 5.68% | 4/22/24 |
| 15 Year VA Refi | 6.13% | 4/22/24 |
| 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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,725Origination Dollar Volume (All Markets)
$315,975,000Employee count
415Awards
First Community Bank - 2020
First Community Bank is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 227 | $66,675,000 | $293,722 | $3,792 | 3.83% |
| JONESBORO, AR (FHA|USDA|VA) | 252 | $55,670,000 | $220,913 | $3,991 | 3.53% |
| Batesville, AR (FHA|USDA|VA) | 365 | $51,885,000 | $142,151 | $3,262 | 3.91% |
| Searcy, AR (FHA|USDA|VA) | 252 | $38,440,000 | $152,540 | $3,480 | 3.84% |
| Outside of Metro Areas | 201 | $30,385,000 | $151,169 | $3,355 | 4.08% |
| JOPLIN, MO (FHA|USDA|VA) | 191 | $26,805,000 | $140,340 | $3,866 | 4.38% |
| Harrison, AR (FHA|USDA|VA) | 71 | $10,695,000 | $150,634 | $3,439 | 4.07% |
| Mountain Home, AR (FHA|USDA|VA) | 53 | $8,635,000 | $162,925 | $2,654 | 4.43% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 35 | $7,375,000 | $210,714 | $4,236 | 3.52% |
| Paragould, AR (FHA|USDA|VA) | 21 | $5,075,000 | $241,667 | $3,880 | 3.42% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 5 | $2,185,000 | $437,000 | $0 | 4.95% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $2,145,000 | $715,000 | $6,458 | 3.46% |
| Pittsburg, KS (FHA|USDA|VA) | 7 | $1,105,000 | $157,857 | $5,181 | 4.18% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 6 | $1,090,000 | $181,667 | $3,268 | 2.85% |
| PINE BLUFF, AR (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 4.50% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 7 | $935,000 | $133,571 | $1,985 | 3.55% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $5,787 | 3.31% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $2,451 | 3.33% |
| Russellville, AR (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $1,066 | 5.33% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $2,880 | 2.56% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $4,550 | 2.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,564 | 3.25% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,217 | 2.63% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,069 | 2.50% |
| Blytheville, AR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,917 | 3.50% |
| Miami, OK (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,391 | 3.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,581 | 2.38% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,355 | 1.88% |
| El Dorado, AR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,156 | 3.63% |
| TYLER, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,782 | 2.38% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,722 | 2.88% |
| MONROE, LA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,796 | 4.50% |
| Parsons, KS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 5.50% |
| Oxford, MS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 2.50% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,035 | 2.50% |
| West Plains, MO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.95% |
| Branson, MO (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 6.07% |
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
For 2020, First Community Bank's most frequently originated type of loan was Conventional, with 1,560 originations. Their 2nd most popular type was FHA, with 70 originations.
Loan Reason
For 2020, First Community Bank's most frequently cited loan purpose was Home Purchase, with 833 originations. The 2nd most popular reason was Refi, with 642 originations.
Loan Duration/Length
For 2020, First Community Bank's most frequently cited loan duration was 30 Year, with 763 originations. The 2nd most popular length was 15 Year, with 262 originations.
Origination Fees/Closing Costs
First Community Bank's average total fees were $4,051, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 426 originations.
Interest Rates
During 2020, First Community Bank's average interest rate for loans was 3.18%, while their most frequently originated rate bucket for loans was 2.5-3%, with 448 originations.
Loan Sizing
2020 saw First Community Bank place emphasis on $100k-200k loans with 697 originations, totaling $101,805,000 in origination value.
Applicant Income
First Community Bank lent most frequently to those with incomes in the $50k-75k range, with 343 originations. The second most popular income band? $50k or less, with 334 originations.
Applicant Debt to Income Ratio
First Community Bank lent most frequently to those with DTI ratios of 20-30%, with 381 originations. The next most common DTI ratio? 30-36%, with 221 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.73%
First Community Bank has an average approval rate.
Pick Rate
Approvals leading to origination80.87%
First Community Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 100.0 | 2 | $40,000 | $20,000 |
| 112.0 | 1 | $65,000 | $65,000 |
| 12.0 | 1 | $55,000 | $55,000 |
| 186.0 | 2 | $80,000 | $40,000 |
| 315.5 | 1 | $35,000 | $35,000 |
| NA | 1,718 | $315,700,000 | $183,760 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | Other type of mortgage | Struggling to pay mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Conventional home mortgage | Closing on a mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 4 | 26.7% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 3 | 20.0% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 6.7% |
| FIRST HORIZON BANK | Other type of mortgage | Closing on a mortgage | 2 | 13.3% |
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 2 | 13.3% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First Community Bank | 102 South Main Street Cave City, AR 72521 | Full Service B&M | $21,954 |
| First Community Bank | 1 Iroquois Drive Cherokee Village, AR 72529 | Full Service B&M | $36,883 |
| First Community Bank | 1089 Front Street Conway, AR 72032 | Full Service B&M | $4,514 |
| First Community Bank | 11 Prospect Court Cabot, AR 72023 | Full Service B&M | $10,504 |
| First Community Bank | 110 E Main St Goodman, MO 64843 | Full Service B&M | $25,397 |
| First Community Bank | 111 E. Main Street Neosho, MO 64850 | Full Service B&M | $57,008 |
| First Community Bank | 1325 Harrison Street Batesville, AR 72501 | Full Service B&M | $367,513 |
| First Community Bank | 159 Highway 167 Bald Knob, AR 72010 | Full Service B&M | $58,012 |
| First Community Bank | 1617 S. Caraway Road Jonesboro, AR 72401 | Full Service B&M | $90,953 |
| First Community Bank | 202 Greenwood Avenue Lepanto, AR 72354 | Full Service B&M | $33,465 |
| First Community Bank | 21196 U.S. Highway 71 Pineville, MO 64856 | Full Service B&M | $14,655 |
| First Community Bank | 220 East Ridge Ave Harrison, AR 72601 | Full Service B&M | $4,425 |
| First Community Bank | 222 East Washington Avenue Jonesboro, AR 72401 | Full Service B&M | $5,230 |
| First Community Bank | 2401 West Beebe-Capps Expressway Searcy, AR 72143 | Full Service B&M | $138,402 |
| First Community Bank | 2525 Mclain Street Newport, AR 72112 | Full Service B&M | $22,241 |
| First Community Bank | 2801 E Race Ave Searcy, AR 72143 | Full Service B&M | $52,315 |
| First Community Bank | 3 Eagle Mountain Blvd. Batesville, AR 72501 | Full Service B&M | $16,527 |
| First Community Bank | 3005 Gardner-Edgewood Drive Neosho, MO 64850 | Full Service B&M | $42,634 |
| First Community Bank | 301 E. Main Street Batesville, AR 72501 | Full Service B&M | $1,611 |
| First Community Bank | 306 Elder Street Bay, AR 72411 | Full Service B&M | $10,208 |
| First Community Bank | 3084 Bill Foster Memorial Highway Cabot, AR 72023 | Full Service B&M | $44,180 |
| First Community Bank | 310 Hwy 62 E Mountain Home, AR 72653 | Full Service B&M | $66,259 |
| First Community Bank | 4900 Kavanaugh Boulevard Little Rock, AR 72207 | Full Service B&M | $20,756 |
| First Community Bank | 630 Southwest Drive Jonesboro, AR 72401 | Full Service B&M | $145,973 |
| First Community Bank | 800 East Beebe Capps Expressway Searcy, AR 72143 | Full Service B&M | $38,419 |
| First Community Bank | 8201 Ranch Blvd, Suite B4 Little Rock, AR 72223 | Full Service B&M | $1,563 |
| First Community Bank | One Allen Chapel Road Batesville, AR 72501 | Full Service B&M | $14,118 |
For 2020, First Community Bank had 27 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $74,201 |
| Net interest income | $56,221 |
| Total noninterest income | $17,945 |
| Gross Fiduciary activities income | $1,002 |
| Service charges on deposit accounts | $3,579 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $13,364 |
| Pre-tax net operating income | $20,407 |
| Securities gains (or losses, -) | $154 |
| Income before extraordinary items | $16,167 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $16,167 |
| Minority interest net income | $0 |
| Net income | $16,167 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $16,045 |
First Community Bank's gross interest income from loans was $74,201,000.
First Community Bank's net interest income from loans was $56,221,000.
First Community Bank's fee based income from loans was $3,579,000.
First Community Bank's net income from loans was $16,167,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $17,980 |
| Provision for credit losses | $4,850 |
| Total noninterest expense | $48,909 |
| Salaries and employee benefits | $30,220 |
| Premises and equipment expense | $6,003 |
| Additional noninterest expense | $12,686 |
| Applicable income taxes | $4,394 |
| Net charge-offs | $2,209 |
| Cash dividends | $5,300 |
First Community Bank's interest expense for loans was $17,980,000.
First Community Bank's payroll and benefits expense were $30,220,000.
First Community Bank's property, plant and equipment expenses $6,003,000.
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 | $1,468,202 |
| Deposits held in domestic offices | $1,468,202 |
| Deposits by Individuals, partnerships, and corporations | $1,249,067 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $219,135 |
| 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 | $28,862 |
| Demand deposits | $24,173 |
| Nontransaction accounts | $1,439,340 |
| Money market deposit accounts (MMDAs) | $154,004 |
| Other savings deposits (excluding MMDAs) | $668,874 |
| Total time deposits | $616,462 |
| Total time and savings deposits | $1,444,029 |
| Noninterest-bearing deposits | $234,584 |
| Interest-bearing deposits | $1,233,618 |
| Retail deposits | $1,310,847 |
| IRAs and Keogh plan accounts | $65,102 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,808,025 |
| Cash & Balances due from depository institutions | $114,741 |
| Interest-bearing balances | $95,160 |
| Total securities | $235,794 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,364,242 |
| Loan and leases loss allowance | $15,774 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $52,447 |
| Other real estate owned | $4,374 |
| Goodwill and other intangibles | $778 |
| All other assets | $35,649 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,808,025 |
| Total Liabilities | $1,649,398 |
| Total deposits | $1,468,202 |
| Interest-bearing deposits | $1,233,618 |
| Deposits held in domestic offices | $1,468,202 |
| % insured (estimated) | $80 |
| Federal funds purchased and repurchase agreements | $34,055 |
| Trading liabilities | $0 |
| Other borrowed funds | $141,181 |
| Subordinated debt | $0 |
| All other liabilities | $5,960 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,364,242 |
| Loan and leases loss allowance | $15,774 |
| Total loans and leases (domestic) | $1,380,016 |
| All real estate loans | $1,038,079 |
| Real estate loans in domestic offices | $1,038,079 |
| Construction and development loans | $177,800 |
| Residential 1-4 family construction | $50,907 |
| Other construction, all land development and other land | $126,893 |
| Loans secured by nonfarm nonresidential properties | $392,033 |
| Nonfarm nonresidential secured by owner-occupied properties | $262,047 |
| Commercial real estate & other non-farm, non-residential | $129,986 |
| Multifamily residential real estate | $51,935 |
| 1-4 family residential loans | $341,999 |
| Farmland loans | $74,312 |
| Loans held in foreign offices | $0 |
| Farm loans | $13,465 |
| Commercial and industrial loans | $235,598 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $71,035 |
| Credit card loans | $4,520 |
| Related Plans | $1,537 |
| Consumer Auto Loans | $6,138 |
| Other loans to individuals | $58,840 |
| All other loans & leases | $21,839 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $565 |
| 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 | $7,502 |
| Non 1-4 family restructured loans & leases | $7,302 |
| Total loans and leases (foreign) | $0 |
First Community Bank had $1,364,242,000 of loans outstanding in 2020. $1,038,079,000 of loans were in real estate loans. $177,800,000 of loans were in development loans. $51,935,000 of loans were in multifamily mortgage loans. $341,999,000 of loans were in 1-4 family mortgage loans. $13,465,000 of loans were in farm loans. $4,520,000 of loans were in credit card loans. $6,138,000 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 | 692 | $141,403 | $204,340 |
| Nonfarm, nonresidential loans - <$100k | 199 | $8,927 | $44,859 |
| Nonfarm, nonresidential loans - $100-250k | 229 | $29,638 | $129,424 |
| Nonfarm, nonresidential loans - $250k-1MM | 264 | $102,838 | $389,538 |
| Commercial & Industrial, US addressed loans - <$1MM | 4,530 | $126,933 | $28,021 |
| Commercial & Industrial, US addressed loans - <$100k | 4,148 | $54,328 | $13,097 |
| Commercial & Industrial, US addressed loans - $100-250k | 239 | $26,743 | $111,895 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 143 | $45,862 | $320,713 |
| Farmland loans - <$1MM | 351 | $39,657 | $112,983 |
| Farmland loans - <$100k | 166 | $7,556 | $45,518 |
| Farmland loans - $100-250k | 123 | $15,856 | $128,911 |
| Farmland loans - $250k-1MM | 62 | $16,245 | $262,016 |
| Agriculture operations loans - <$1MM | 324 | $12,011 | $37,071 |
| Agriculture operations loans - <$100k | 284 | $5,840 | $20,563 |
| Agriculture operations loans - $100-250k | 26 | $2,948 | $113,385 |
| Agriculture operations loans - $250k-1MM | 14 | $3,223 | $230,214 |