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

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Bank Data

    Review & 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 by origination volume include: Dallas, Austin, Wichita Falls, Houston, and Sherman among others. We have data for 80 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First 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 Bank is typically a high 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.

    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 7.00% 11/26/22
    30 Year Conventional Refi 6.92% 11/26/22
    30 Year Cash-out Refi 7.08% 11/26/22
    30 Year FHA Purchase 7.92% 11/26/22
    30 Year FHA Refi 7.58% 11/26/22
    30 Year VA Purchase 6.76% 11/26/22
    30 Year VA Refi 6.50% 11/26/22
    30 Year USDA Purchase 7.18% 11/26/22
    30 Year USDA Refi 6.94% 11/26/22
    15 Year Conventional Purchase 7.40% 11/26/22
    15 Year Conventional Refi 6.50% 11/26/22
    15 Year Cash-out Refi 6.50% 11/26/22
    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.


    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 mortgage rate was 3.22%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.07%.

    Relative Fees (Closing Costs)

    First Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $7,161.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    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.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Similar Lenders

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

    TEXOMA COMMUNITY CREDIT UNION
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    WESTSTAR MORTGAGE CORPORATION
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    TEXAS BAY
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    DATCU
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, First Bank's most frequently originated type of loan was Conventional, with 1,934 originations. Their 2nd most popular type was FHA, with 119 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, First Bank's most frequently cited loan purpose was Home Purchase, with 1,249 originations. The 2nd most popular reason was 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 2021, First Bank's most frequently cited loan duration was 30 Year, with 1,574 originations. The 2nd most popular length was 15 Year, with 212 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 647 $221,055,000 $341,662
    $2k-3k 277 $88,025,000 $317,780
    $5k+ 229 $122,275,000 $533,952
    $3k-4k 225 $74,555,000 $331,356
    $<1k 203 $50,725,000 $249,877
    $4k-5k 133 $51,705,000 $388,759

    First Bank's average total fees were $7,161, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.22%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    97.88%

    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
    84.15%

    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