Premier Bank Of Arkansas Mortgage Rates, Fees & Info

Marion, AR

LEI: 549300NPHJJV4PURQK31

Tax ID: 71-0810705

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

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Premier Bank Of Arkansas is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Premier Bank Of Arkansas has a high proportion of conventional loans. Their top markets by origination volume include: Fayetteville, Little Rock, Memphis, Jonesboro, and Paragould among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Premier Bank Of Arkansas 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.

    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.


    Originations

    54

    Origination Dollar Volume (All Markets)

    $24,350,000

    Employee count

    33

    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
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 4 $15,720,000 $3,930,000 $0 0.00%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 3 $3,275,000 $1,091,667 $0 0.00%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 34 $2,930,000 $86,176 $0 0.00%
    JONESBORO, AR (FHA|USDA|VA) 8 $1,870,000 $233,750 $0 0.00%
    Outside of Metro Areas 4 $460,000 $115,000 $0 0.00%
    Paragould, AR (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    Premier Bank Of Arkansas's top markets include Fayetteville, Little Rock, Memphis, Jonesboro, and Paragould among others.

    Their top states include:
  • Arkansas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 54 $24,350,000 $450,926 $0 0.00%

    For 2019, Premier Bank Of Arkansas's most frequently originated type of loan was Conventional, with 54 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 31 $14,945,000 $482,097 $0 0.00%
    Cash Out Refi 12 $5,690,000 $474,167 $0 0.00%
    Home Improvement 7 $275,000 $39,286 $0 0.00%
    Refi 4 $3,440,000 $860,000 $0 0.00%

    For 2019, Premier Bank Of Arkansas's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 54 $24,350,000 $450,926 $0 0.00%

    For 2019, Premier Bank Of Arkansas's most frequently cited loan duration was Other, with 54 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 35 $1,895,000 $54,143 $0 0.00%
    $100k-200k 7 $1,125,000 $160,714 $0 0.00%
    $200k-400k 6 $1,550,000 $258,333 $0 0.00%
    $1MM+ 3 $17,955,000 $5,985,000 $0 0.00%
    $400k-600k 2 $920,000 $460,000 $0 0.00%
    $600k-1MM 1 $905,000 $905,000 $0 0.00%

    2019 saw Premier Bank Of Arkansas place emphasis on $100,000 or less loans with 35 originations, totaling $1,895,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 10 $1,000,000 $100,000 $0 0.00%
    $75k-100k 8 $560,000 $70,000 $0 0.00%
    $50k-75k 7 $505,000 $72,143 $0 0.00%
    $100k-150k 6 $980,000 $163,333 $0 0.00%
    $150k-250k 4 $260,000 $65,000 $0 0.00%
    $250k+ 3 $3,965,000 $1,321,667 $0 0.00%

    Premier Bank Of Arkansas lent most frequently to those with incomes in the $50k or less range, with 10 originations. The second most popular income band? $75k-100k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 54 $24,350,000 $450,926 $0 0.00%

    Premier Bank Of Arkansas lent most frequently to those with DTI ratios of Exempt%, with 54 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 16 $17,080,000 $1,067,500 $0 0.00%
    White 32 $6,780,000 $211,875 $0 0.00%
    Japanese 1 $255,000 $255,000 $0 0.00%
    Black 5 $235,000 $47,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.42%

    Premier Bank Of Arkansas has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.04%

    Premier Bank Of Arkansas has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 54 $24,350,000 $450,926

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $15,590,000 $3,897,500
    Single Family (1-4 Units):Manufactured 3 $125,000 $41,667
    Single Family (1-4 Units):Site-Built 47 $8,635,000 $183,723

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Premier Lending, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    PREMIER BANK OF ARKANSAS 1103 North Missouri Street West Memphis, AR 72301 Full Service B&M $22,255
    PREMIER BANK OF ARKANSAS 205 Block Street Marion, AR 72364 Full Service B&M $102,177

    For 2019, Premier Bank Of Arkansas had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,363
    Net interest income $6,340
    Total noninterest income $1,215
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $448
    Trading account gains and fees $0
    Additional Noninterest Income $767
    Pre-tax net operating income $2,311
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,673
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,673
    Minority interest net income $0
    Net income $1,673
    Sale, conversion, retirement of capital stock, net $9
    Net operating income $1,673

    Premier Bank Of Arkansas's gross interest income from loans was $7,363,000.
    Premier Bank Of Arkansas's net interest income from loans was $6,340,000.
    Premier Bank Of Arkansas's fee based income from loans was $448,000.
    Premier Bank Of Arkansas's net income from loans was $1,673,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,023
    Provision for credit losses $450
    Total noninterest expense $4,794
    Salaries and employee benefits $2,478
    Premises and equipment expense $337
    Additional noninterest expense $1,979
    Applicable income taxes $638
    Net charge-offs $129
    Cash dividends $0

    Premier Bank Of Arkansas's interest expense for loans was $1,023,000.
    Premier Bank Of Arkansas's payroll and benefits expense were $2,478,000.
    Premier Bank Of Arkansas's property, plant and equipment expenses $337,000.

    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 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    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 $138,968
    Deposits held in domestic offices $138,968
    Deposits by Individuals, partnerships, and corporations $114,909
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $22,346
    Deposits by Commercial banks and other depository institutions in U.S. $1,713
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $73,135
    Demand deposits $53,015
    Nontransaction accounts $65,833
    Money market deposit accounts (MMDAs) $23,251
    Other savings deposits (excluding MMDAs) $9,767
    Total time deposits $32,813
    Total time and savings deposits $85,953
    Noninterest-bearing deposits $37,882
    Interest-bearing deposits $101,086
    Retail deposits $131,606
    IRAs and Keogh plan accounts $2,513
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $164,059
    Cash & Balances due from depository institutions $26,999
    Interest-bearing balances $24,724
    Total securities $12,709
    Federal funds sold & reverse repurchase $0
    Net loans and leases $115,949
    Loan and leases loss allowance $1,600
    Trading account assets $0
    Bank premises and fixed assets $3,889
    Other real estate owned $451
    Goodwill and other intangibles $0
    All other assets $4,062

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $164,059
    Total Liabilities $140,040
    Total deposits $138,968
    Interest-bearing deposits $101,086
    Deposits held in domestic offices $138,968
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,072

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $115,949
    Loan and leases loss allowance $1,600
    Total loans and leases (domestic) $117,549
    All real estate loans $96,716
    Real estate loans in domestic offices $96,716
    Construction and development loans $9,158
    Residential 1-4 family construction $2,404
    Other construction, all land development and other land $6,754
    Loans secured by nonfarm nonresidential properties $51,691
    Nonfarm nonresidential secured by owner-occupied properties $12,038
    Commercial real estate & other non-farm, non-residential $39,653
    Multifamily residential real estate $441
    1-4 family residential loans $30,265
    Farmland loans $5,161
    Loans held in foreign offices $0
    Farm loans $2,063
    Commercial and industrial loans $16,321
    To non-U.S. addressees $0
    Loans to individuals $2,429
    Credit card loans $0
    Related Plans $1
    Consumer Auto Loans $1,047
    Other loans to individuals $1,381
    All other loans & leases $20
    Loans to foreign governments and official institutions $0
    Other loans $20
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,600
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    PREMIER BANK OF ARKANSAS had $115,949,000 of loans outstanding in 2019. $96,716,000 of loans were in real estate loans. $9,158,000 of loans were in development loans. $441,000 of loans were in multifamily mortgage loans. $30,265,000 of loans were in 1-4 family mortgage loans. $2,063,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,047,000 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 104 $22,818 $219,404
    Nonfarm, nonresidential loans - <$100k 32 $1,156 $36,125
    Nonfarm, nonresidential loans - $100-250k 31 $4,227 $136,355
    Nonfarm, nonresidential loans - $250k-1MM 41 $17,435 $425,244
    Commercial & Industrial, US addressed loans - <$1MM 151 $10,058 $66,609
    Commercial & Industrial, US addressed loans - <$100k 108 $2,367 $21,917
    Commercial & Industrial, US addressed loans - $100-250k 24 $1,860 $77,500
    Commercial & Industrial, US addressed loans - $250k-1MM 19 $5,831 $306,895
    Farmland loans - <$1MM 21 $3,119 $148,524
    Farmland loans - <$100k 5 $168 $33,600
    Farmland loans - $100-250k 7 $928 $132,571
    Farmland loans - $250k-1MM 9 $2,023 $224,778
    Agriculture operations loans - <$1MM 11 $453 $41,182
    Agriculture operations loans - <$100k 6 $104 $17,333
    Agriculture operations loans - $100-250k 3 $140 $46,667
    Agriculture operations loans - $250k-1MM 2 $209 $104,500