First Bank Mortgage Rates, Fees & Info

Burkburnett, TX

LEI: 549300LO3MP4RAI32X70

Tax ID: 75-0164917

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

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

First Bank is a smaller bank specializing in Home Purchase and Refi loans. First 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 include Dallas, Austin, Wichita Falls, Houston, and Sherman among others. First Bank has an above 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 Bank is typically a high fee lendor.


Originations

2,151

Origination Dollar Volume (All Markets)

$705,335,000

Employee count

198

Awards

First Bank FHA Loans gold
Show all (1) awards

Relative Rate

First Bank's average 30 year fixed rate mortgage of loans were 3.22%.

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

This yields a difference of 0.07%.

Relative Fees

First Bank's average total fees for a 30 year fixed rate mortgage are $7,161.

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
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1,187 $377,485,000 $318,016 $6,839 3.56%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 509 $206,755,000 $406,198 $7,459 3.10%
WICHITA FALLS, TX (FHA|USDA|VA) 164 $26,270,000 $160,183 $3,836 3.68%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 48 $20,160,000 $420,000 $7,664 3.21%
Outside of Metro Areas 29 $10,515,000 $362,586 $6,644 3.41%
SHERMAN-DENISON, TX (FHA|USDA|VA) 47 $10,195,000 $216,915 $6,849 4.27%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 24 $6,540,000 $272,500 $6,343 3.08%
Athens, TX (FHA|USDA|VA) 9 $3,295,000 $366,111 $9,344 3.54%
Mineral Wells, TX (FHA|USDA|VA) 7 $3,105,000 $443,571 $8,931 3.86%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 6 $2,830,000 $471,667 $9,735 3.14%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $2,720,000 $680,000 $6,315 3.44%
Gainesville, TX (FHA|USDA|VA) 6 $2,140,000 $356,667 $10,001 4.06%
CORPUS CHRISTI, TX (FHA|USDA|VA) 3 $1,605,000 $535,000 $5,713 3.17%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $1,595,000 $531,667 $6,548 3.25%
TYLER, TX (FHA|USDA|VA) 4 $1,400,000 $350,000 $15,738 3.75%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 4 $1,240,000 $310,000 $4,953 3.41%
Fredericksburg, TX (FHA|USDA|VA) 3 $1,145,000 $381,667 $8,927 3.08%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $1,145,000 $229,000 $7,128 3.20%
WACO, TX (FHA|USDA|VA) 4 $1,140,000 $285,000 $7,637 4.43%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $1,095,000 $1,095,000 $0 4.25%
LONGVIEW, TX (FHA|USDA|VA) 1 $1,085,000 $1,085,000 $0 4.80%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 6 $1,080,000 $180,000 $4,652 3.19%
Las Vegas, NM (FHA|USDA|VA) 1 $965,000 $965,000 $1,666 3.00%
Bonham, TX (FHA|USDA|VA) 4 $950,000 $237,500 $10,247 3.64%
BOULDER, CO (FHA|USDA|VA) 1 $765,000 $765,000 $4,152 3.13%
URBAN HONOLULU, HI (FHA|USDA|VA) 1 $735,000 $735,000 $0 4.13%
Granbury, TX (FHA|USDA|VA) 5 $705,000 $141,000 $6,463 5.18%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $705,000 $705,000 $15,029 2.88%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $650,000 $325,000 $3,853 3.37%
Kerrville, TX (FHA|USDA|VA) 2 $620,000 $310,000 $10,146 4.44%
AMARILLO, TX (FHA|USDA|VA) 2 $540,000 $270,000 $5,015 2.88%
BELLINGHAM, WA (FHA|USDA|VA) 1 $525,000 $525,000 $4,566 3.63%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $510,000 $255,000 $7,564 2.94%
LUBBOCK, TX (FHA|USDA|VA) 3 $505,000 $168,333 $4,253 3.50%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $500,000 $250,000 $4,673 3.44%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $465,000 $465,000 $7,667 5.50%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $415,000 $415,000 $8,809 2.88%
KNOXVILLE, TN (FHA|USDA|VA) 1 $415,000 $415,000 $4,535 3.38%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $395,000 $395,000 $5,702 3.25%
BOISE CITY, ID (FHA|USDA|VA) 1 $385,000 $385,000 $9,610 4.50%
McComb, MS (FHA|USDA|VA) 2 $380,000 $190,000 $7,683 3.13%
ALBUQUERQUE, NM (FHA|USDA|VA) 2 $380,000 $190,000 $10,535 2.81%
MIDLAND, TX (FHA|USDA|VA) 2 $370,000 $185,000 $4,847 2.93%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $365,000 $365,000 $4,860 2.88%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $355,000 $355,000 $4,438 2.75%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $355,000 $355,000 $3,685 3.63%
Brownwood, TX (FHA|USDA|VA) 1 $355,000 $355,000 $5,949 2.75%
EL PASO, TX (FHA|USDA|VA) 2 $350,000 $175,000 $5,028 3.00%
NEW BERN, NC (FHA|USDA|VA) 1 $345,000 $345,000 $4,057 3.75%
RENO, NV (FHA|USDA|VA) 1 $335,000 $335,000 $3,907 3.00%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $335,000 $335,000 $5,157 2.63%
ODESSA, TX (FHA|USDA|VA) 1 $325,000 $325,000 $4,355 2.99%
LAWTON, OK (FHA|USDA|VA) 2 $320,000 $160,000 $4,645 2.75%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $315,000 $315,000 $5,509 3.13%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $315,000 $315,000 $9,837 3.38%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $305,000 $305,000 $0 3.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $295,000 $295,000 $4,679 3.88%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $275,000 $275,000 $0 4.75%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $265,000 $265,000 $4,824 3.63%
WILMINGTON, NC (FHA|USDA|VA) 1 $265,000 $265,000 $4,804 3.25%
Bay City, TX (FHA|USDA|VA) 1 $255,000 $255,000 $6,972 3.38%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $255,000 $255,000 $3,827 3.13%
Brenham, TX (FHA|USDA|VA) 1 $245,000 $245,000 $3,808 3.38%
SAN ANGELO, TX (FHA|USDA|VA) 1 $235,000 $235,000 $8,955 2.63%
Port Lavaca, TX (FHA|USDA|VA) 1 $215,000 $215,000 $4,552 3.50%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.50%
TULSA, OK (FHA|USDA|VA) 1 $205,000 $205,000 $7,146 3.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,958 3.75%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $195,000 $195,000 $4,211 3.63%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $195,000 $195,000 $5,202 3.38%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $185,000 $185,000 $7,999 2.88%
Gaffney, SC (FHA|USDA|VA) 1 $175,000 $175,000 $7,666 3.25%
Durant, OK (FHA|USDA|VA) 1 $155,000 $155,000 $5,265 3.50%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $135,000 $135,000 $4,864 3.38%
Vernon, TX (FHA|USDA|VA) 1 $135,000 $135,000 $6,958 2.88%
Clovis, NM (FHA|USDA|VA) 1 $115,000 $115,000 $0 3.13%
ABILENE, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.25%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.63%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $75,000 $75,000 $5,390 2.63%
Stephenville, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.25%

First Bank's top markets include Dallas, Austin, Wichita Falls, Houston, and Sherman among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,934 $638,060,000 $329,917 $6,529 3.50%
FHA 119 $31,195,000 $262,143 $9,578 3.24%
VA 91 $34,285,000 $376,758 $8,123 2.93%
USDA 7 $1,795,000 $256,429 $7,208 2.96%

For the 2021 period, First Bank's most frequently originated loan type of loans were Conventional, with 1,934 originations. Their 2nd most popular type is FHA, with 119 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,249 $413,145,000 $330,781 $7,502 3.53%
Refi 476 $148,180,000 $311,303 $5,189 3.11%
Cash Out Refi 375 $133,095,000 $354,920 $7,049 3.50%
Other 42 $7,220,000 $171,905 $5,679 4.65%
Home Improvement 9 $3,695,000 $410,556 $0 4.94%

For the 2021, First Bank's most frequently cited loan purpose of loans were Home Purchase, with 1,249 originations. The 2nd most popular reason of loans were Refi, with 476 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,574 $571,910,000 $363,348 $7,161 3.22%
15 Year 212 $49,880,000 $235,283 $4,645 3.11%
20 Year 185 $43,585,000 $235,595 $5,376 4.34%
Other 127 $24,685,000 $194,370 $4,714 5.10%
5 Year 25 $4,655,000 $186,200 $0 5.15%
1 Year 19 $8,455,000 $445,000 $0 4.88%
10 Year 8 $1,360,000 $170,000 $5,448 4.11%
3 Year 1 $805,000 $805,000 $0 7.50%

For the 2021, First Bank's most frequently cited loan length of loans were 30 Year, with 1,574 originations. The 2nd most popular length of loans were 15 Year, with 212 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 647 $221,055,000 $341,662
$3k-4k 358 $126,260,000 $352,682
$2k-3k 277 $88,025,000 $317,780
$5k+ 229 $122,275,000 $533,952
$<1k 203 $50,725,000 $249,877

$7,161 of loans were First Bank's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 647 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 903 $311,065,000 $344,480
2.5-3% 734 $272,110,000 $370,722
4-5% 258 $58,600,000 $227,132
5-6% 121 $20,565,000 $169,959
<2.5% 106 $35,520,000 $335,094
6-7% 27 $6,245,000 $231,296
7-8% 1 $805,000 $805,000

During 2021, First Bank's average interest rate of loans were 3.22%, while their most frequently originated rate bucket of loans were 3-4%, with 903 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,025 $303,285,000 $295,888 $6,346 3.27%
$100k-200k 424 $64,720,000 $152,642 $4,530 3.95%
$400k-600k 423 $204,805,000 $484,173 $7,915 3.17%
$100,000 or less 139 $10,585,000 $76,151 $2,895 4.40%
$600k-1MM 107 $81,125,000 $758,178 $11,892 3.31%
$1MM+ 33 $40,815,000 $1,236,818 $18,339 3.51%

2021 saw First Bank place emphasis on $200k-400k loans with 1,025 originations, totaling $303,285,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 492 $165,520,000 $336,423 $6,637 3.16%
$150k-250k 460 $190,640,000 $414,435 $7,412 3.23%
$75k-100k 303 $84,995,000 $280,512 $6,230 3.16%
$50k-75k 282 $65,580,000 $232,553 $5,976 3.17%
$250k+ 212 $117,270,000 $553,160 $9,394 3.33%
$50k or less 73 $10,425,000 $142,808 $4,942 3.32%

First Bank lent most frequently to those with incomes in the $100k-150k range, with 492 originations. The second most popular income band? $150k-250k, with 460 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 409 $144,335,000 $352,897 $6,622 3.14%
30-36% 350 $120,190,000 $343,400 $6,588 3.19%
<20% 117 $43,295,000 $370,043 $6,867 3.02%
41% 82 $26,060,000 $317,805 $6,216 3.27%
38% 80 $32,280,000 $403,500 $7,736 3.20%
42% 79 $29,205,000 $369,684 $7,311 3.32%
44% 79 $27,565,000 $348,924 $6,891 3.31%
37% 75 $27,465,000 $366,200 $6,596 3.27%
40% 70 $25,530,000 $364,714 $7,804 3.26%
43% 69 $23,005,000 $333,406 $6,492 3.20%
39% 63 $22,085,000 $350,556 $6,639 3.37%
36% 58 $19,430,000 $335,000 $6,637 3.34%
50-60% 57 $19,865,000 $348,509 $10,387 3.11%
49% 55 $17,395,000 $316,273 $6,212 3.23%
45% 48 $14,940,000 $311,250 $6,973 3.21%
46% 44 $14,130,000 $321,136 $6,977 3.15%
48% 42 $13,540,000 $322,381 $6,889 3.17%
47% 33 $10,705,000 $324,394 $5,876 3.21%
>60% 3 $1,605,000 $535,000 $4,430 3.00%

First Bank lent most frequently to those with DTI ratios of 20-30%, with 409 originations. The next most common DTI ratio? 30-36%, with 350 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,468 $513,010,000 $349,462 $6,741 3.20%
Not provided 240 $80,230,000 $334,292 $6,973 3.23%
Not applicable 298 $62,370,000 $209,295 $0 5.01%
Asian 77 $30,175,000 $391,883 $7,751 3.16%
Black 47 $13,735,000 $292,234 $7,652 3.41%
Native Hawaiian 11 $2,945,000 $267,727 $6,734 3.11%
American Indian 8 $2,410,000 $301,250 $7,035 3.38%
Other Asian 1 $315,000 $315,000 $5,009 3.25%
Chinese 1 $145,000 $145,000 $1,668 2.88%

Approval Rates

Total approvals of all applications
97.56%

First Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
81.29%

First Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 2,151 $705,335,000 $327,910

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,151 $705,335,000 $327,910

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 120 $31,560,000 $263,000 $5,151 3.14%
40-60% 286 $91,340,000 $319,371 $6,050 3.13%
60-80% 943 $310,595,000 $329,369 $7,056 3.70%
80-100% 749 $258,675,000 $345,360 $7,021 3.31%
Over 100% 27 $10,125,000 $375,000 $15,331 2.95%
Under 20% 26 $3,040,000 $116,923 $2,231 4.68%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
FIRST HORIZON BANK Conventional home mortgage Closing on a mortgage 2 5.9%
FIRST HORIZON BANK FHA mortgage Trouble during payment process 2 5.9%
FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 1 2.9%
FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 5.9%
FIRST HORIZON BANK VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.9%
FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 2.9%
FIRST HORIZON BANK Other type of mortgage Closing on a mortgage 2 5.9%
FIRST HORIZON BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 5.9%
FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 6 17.6%
FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 2.9%
FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 5.9%
FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 10 29.4%
FIRST HORIZON BANK FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.9%
FIRST HORIZON BANK FHA mortgage Closing on a mortgage 1 2.9%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
First Bank 2801 Midwestern Parkway Wichita Falls, TX 76308 Full Service B&M $56,930
First Bank 300 East Third Burkburnett, TX 76354 Full Service B&M $108,390
First Bank 318 W. Park Street Iowa Park, TX 76367 Full Service B&M $79,143
First Bank 4110 Kell Wichita Falls, TX 76309 Full Service B&M $167,021
First Bank 4400 Main Street Frisco, TX 75033 Full Service B&M $63,775
First Bank 900 Bailey Ranch Road Aledo, TX 76008 Full Service B&M $19,177
First Bank 901 Lamar St. Wichita Falls, TX 76301 Full Service B&M $11,862

For 2021, First Bank had 7 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $24,915
Net interest income $23,790
Total noninterest income $30,967
Gross Fiduciary activities income $0
Service charges on deposit accounts $1,135
Trading account gains and fees $0
Additional Noninterest Income $29,832
Pre-tax net operating income $17,833
Securities gains (or losses, -) $0
Income before extraordinary items $17,833
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $17,833
Minority interest net income $0
Net income $17,833
Sale, conversion, retirement of capital stock, net $0
Net operating income $17,833

First Bank's gross interest income from loans was $24,915,000.
First Bank's net interest income from loans was $23,790,000.
First Bank's fee based income from loans was $1,135,000.
First Bank's net income from loans was $17,833,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $1,125
Provision for credit losses $502
Total noninterest expense $36,422
Salaries and employee benefits $27,904
Premises and equipment expense $2,313
Additional noninterest expense $6,205
Applicable income taxes $0
Net charge-offs $-189
Cash dividends $7,232

First Bank's interest expense for loans was $1,125,000.
First Bank's payroll and benefits expense were $27,904,000.
First Bank's property, plant and equipment expenses $2,313,000.

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 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 1.0%
Personal loans 0.0%
Credit card loans 0.0%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 1.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $532,433
Deposits held in domestic offices $532,433
Deposits by Individuals, partnerships, and corporations $488,369
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $44,038
Deposits by Commercial banks and other depository institutions in U.S. $26
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $75,579
Demand deposits $39,545
Nontransaction accounts $456,854
Money market deposit accounts (MMDAs) $119,395
Other savings deposits (excluding MMDAs) $262,114
Total time deposits $75,344
Total time and savings deposits $492,888
Noninterest-bearing deposits $174,707
Interest-bearing deposits $357,725
Retail deposits $499,141
IRAs and Keogh plan accounts $7,227
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $608,695
Cash & Balances due from depository institutions $48,769
Interest-bearing balances $39,150
Total securities $5,533
Federal funds sold & reverse repurchase $0
Net loans and leases $526,974
Loan and leases loss allowance $9,419
Trading account assets $893
Bank premises and fixed assets $16,350
Other real estate owned $428
Goodwill and other intangibles $5,142
All other assets $4,606

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $608,695
Total Liabilities $535,668
Total deposits $532,433
Interest-bearing deposits $357,725
Deposits held in domestic offices $532,433
% insured (estimated) $64
Federal funds purchased and repurchase agreements $0
Trading liabilities $65
Other borrowed funds $0
Subordinated debt $0
All other liabilities $3,170

Issued Loan Types

Type Value (in 000's)
Net loans and leases $526,974
Loan and leases loss allowance $9,419
Total loans and leases (domestic) $536,393
All real estate loans $449,454
Real estate loans in domestic offices $449,454
Construction and development loans $99,322
Residential 1-4 family construction $45,301
Other construction, all land development and other land $54,021
Loans secured by nonfarm nonresidential properties $108,062
Nonfarm nonresidential secured by owner-occupied properties $50,116
Commercial real estate & other non-farm, non-residential $57,946
Multifamily residential real estate $14,310
1-4 family residential loans $207,963
Farmland loans $19,797
Loans held in foreign offices $0
Farm loans $4,712
Commercial and industrial loans $76,315
To non-U.S. addressees $0
Loans to individuals $4,770
Credit card loans $0
Related Plans $0
Consumer Auto Loans $2,187
Other loans to individuals $2,583
All other loans & leases $1,141
Loans to foreign governments and official institutions $0
Other loans $286
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 $64
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

First Bank had $526,974,000 of loans outstanding in 2021. $449,454,000 of loans were in real estate loans. $99,322,000 of loans were in development loans. $14,310,000 of loans were in multifamily mortgage loans. $207,963,000 of loans were in 1-4 family mortgage loans. $4,712,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,187,000 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 134 $28,362 $211,657
Nonfarm, nonresidential loans - <$100k 41 $1,597 $38,951
Nonfarm, nonresidential loans - $100-250k 46 $6,450 $140,217
Nonfarm, nonresidential loans - $250k-1MM 47 $20,315 $432,234
Commercial & Industrial, US addressed loans - <$1MM 546 $33,965 $62,207
Commercial & Industrial, US addressed loans - <$100k 409 $8,355 $20,428
Commercial & Industrial, US addressed loans - $100-250k 79 $7,847 $99,329
Commercial & Industrial, US addressed loans - $250k-1MM 58 $17,763 $306,259
Farmland loans - <$1MM 22 $2,190 $99,545
Farmland loans - <$100k 11 $367 $33,364
Farmland loans - $100-250k 7 $834 $119,143
Farmland loans - $250k-1MM 4 $989 $247,250
Agriculture operations loans - <$1MM 56 $2,552 $45,571
Agriculture operations loans - <$100k 47 $1,062 $22,596
Agriculture operations loans - $100-250k 6 $613 $102,167
Agriculture operations loans - $250k-1MM 3 $877 $292,333