Premier Bank Of Arkansas Mortgage Rates, Fees & Info

Marion, AR

LEI: 549300NPHJJV4PURQK31

Tax ID: 71-0810705

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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 Refi loans. Premier Bank Of Arkansas has a high proportion of conventional loans. Their top markets by origination volume include: Fayetteville, Jonesboro, Memphis, Hot Springs, 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 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.

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    Originations

    46

    Origination Dollar Volume (All Markets)

    $27,720,000

    Employee count

    34

    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) 8 $18,010,000 $2,251,250 $0 0.00%
    JONESBORO, AR (FHA|USDA|VA) 10 $4,140,000 $414,000 $0 0.00%
    Outside of Metro Areas 2 $2,980,000 $1,490,000 $0 0.00%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 23 $2,105,000 $91,522 $0 0.00%
    HOT SPRINGS, AR (FHA|USDA|VA) 2 $430,000 $215,000 $0 0.00%
    Paragould, AR (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Premier Bank Of Arkansas's top markets include Fayetteville, Jonesboro, Memphis, Hot Springs, and Paragould among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 46 $27,720,000 $602,609 $0 0.00%

    For 2020, Premier Bank Of Arkansas's most frequently originated type of loan was Conventional, with 46 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 27 $20,045,000 $742,407 $0 0.00%
    Refi 8 $6,840,000 $855,000 $0 0.00%
    Home Improvement 6 $260,000 $43,333 $0 0.00%
    Cash Out Refi 3 $425,000 $141,667 $0 0.00%
    Other 2 $150,000 $75,000 $0 0.00%

    For 2020, Premier Bank Of Arkansas's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 46 $27,720,000 $602,609 $0 0.00%

    For 2020, Premier Bank Of Arkansas's most frequently cited loan duration was Other, with 46 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 21 $1,075,000 $51,190 $0 0.00%
    $100k-200k 10 $1,440,000 $144,000 $0 0.00%
    $1MM+ 7 $22,165,000 $3,166,429 $0 0.00%
    $200k-400k 5 $1,335,000 $267,000 $0 0.00%
    $400k-600k 2 $980,000 $490,000 $0 0.00%
    $600k-1MM 1 $725,000 $725,000 $0 0.00%

    2020 saw Premier Bank Of Arkansas place emphasis on $100,000 or less loans with 21 originations, totaling $1,075,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 5 $225,000 $45,000 $0 0.00%
    $50k or less 4 $370,000 $92,500 $0 0.00%
    $75k-100k 4 $260,000 $65,000 $0 0.00%
    $150k-250k 3 $455,000 $151,667 $0 0.00%
    $100k-150k 1 $115,000 $115,000 $0 0.00%

    Premier Bank Of Arkansas lent most frequently to those with incomes in the $50k-75k range, with 5 originations. The second most popular income band? $50k or less, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 46 $27,720,000 $602,609 $0 0.00%

    Premier Bank Of Arkansas lent most frequently to those with DTI ratios of Exempt%, with 46 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 29 $26,295,000 $906,724 $0 0.00%
    White 14 $1,090,000 $77,857 $0 0.00%
    Black 2 $310,000 $155,000 $0 0.00%
    Not provided 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.00%

    Premier Bank Of Arkansas has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.96%

    Premier Bank Of Arkansas has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 46 $27,720,000 $602,609

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $22,310,000 $2,788,750
    Single Family (1-4 Units):Manufactured 1 $25,000 $25,000
    Single Family (1-4 Units):Site-Built 37 $5,385,000 $145,541

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Premier Mortgage, LLC VA 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 $25,680
    Premier Bank of Arkansas 205 Block Street Marion, AR 72364 Full Service B&M $125,509
    Premier Bank of Arkansas 2508 East Highland Drive Jonesboro, AR 72401 Full Service B&M $5,892

    For 2020, Premier Bank Of Arkansas had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,495
    Net interest income $6,553
    Total noninterest income $857
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $315
    Trading account gains and fees $0
    Additional Noninterest Income $542
    Pre-tax net operating income $1,977
    Securities gains (or losses, -) $8
    Income before extraordinary items $1,538
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,538
    Minority interest net income $0
    Net income $1,538
    Sale, conversion, retirement of capital stock, net $235
    Net operating income $1,531

    Premier Bank Of Arkansas's gross interest income from loans was $7,495,000.
    Premier Bank Of Arkansas's net interest income from loans was $6,553,000.
    Premier Bank Of Arkansas's fee based income from loans was $315,000.
    Premier Bank Of Arkansas's net income from loans was $1,538,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $942
    Provision for credit losses $250
    Total noninterest expense $5,183
    Salaries and employee benefits $2,789
    Premises and equipment expense $586
    Additional noninterest expense $1,808
    Applicable income taxes $447
    Net charge-offs $-7
    Cash dividends $0

    Premier Bank Of Arkansas's interest expense for loans was $942,000.
    Premier Bank Of Arkansas's payroll and benefits expense were $2,789,000.
    Premier Bank Of Arkansas's property, plant and equipment expenses $586,000.

    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 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 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $163,620
    Deposits held in domestic offices $163,620
    Deposits by Individuals, partnerships, and corporations $137,477
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $25,149
    Deposits by Commercial banks and other depository institutions in U.S. $994
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $87,252
    Demand deposits $62,990
    Nontransaction accounts $76,368
    Money market deposit accounts (MMDAs) $33,400
    Other savings deposits (excluding MMDAs) $11,475
    Total time deposits $31,492
    Total time and savings deposits $100,630
    Noninterest-bearing deposits $47,273
    Interest-bearing deposits $116,347
    Retail deposits $154,000
    IRAs and Keogh plan accounts $2,856
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $190,698
    Cash & Balances due from depository institutions $39,446
    Interest-bearing balances $37,451
    Total securities $3,953
    Federal funds sold & reverse repurchase $0
    Net loans and leases $138,824
    Loan and leases loss allowance $1,856
    Trading account assets $0
    Bank premises and fixed assets $3,935
    Other real estate owned $451
    Goodwill and other intangibles $0
    All other assets $4,089

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $190,698
    Total Liabilities $164,857
    Total deposits $163,620
    Interest-bearing deposits $116,347
    Deposits held in domestic offices $163,620
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,237

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $138,824
    Loan and leases loss allowance $1,856
    Total loans and leases (domestic) $140,680
    All real estate loans $113,679
    Real estate loans in domestic offices $113,679
    Construction and development loans $10,109
    Residential 1-4 family construction $3,030
    Other construction, all land development and other land $7,079
    Loans secured by nonfarm nonresidential properties $52,453
    Nonfarm nonresidential secured by owner-occupied properties $18,750
    Commercial real estate & other non-farm, non-residential $33,703
    Multifamily residential real estate $16,160
    1-4 family residential loans $31,256
    Farmland loans $3,701
    Loans held in foreign offices $0
    Farm loans $2,126
    Commercial and industrial loans $22,819
    To non-U.S. addressees $0
    Loans to individuals $2,045
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $597
    Other loans to individuals $1,448
    All other loans & leases $11
    Loans to foreign governments and official institutions $0
    Other loans $11
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    PREMIER BANK OF ARKANSAS had $138,824,000 of loans outstanding in 2020. $113,679,000 of loans were in real estate loans. $10,109,000 of loans were in development loans. $16,160,000 of loans were in multifamily mortgage loans. $31,256,000 of loans were in 1-4 family mortgage loans. $2,126,000 of loans were in farm loans. $0 of loans were in credit card loans. $597,000 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 107 $23,613 $220,682
    Nonfarm, nonresidential loans - <$100k 34 $1,439 $42,324
    Nonfarm, nonresidential loans - $100-250k 32 $4,196 $131,125
    Nonfarm, nonresidential loans - $250k-1MM 41 $17,978 $438,488
    Commercial & Industrial, US addressed loans - <$1MM 266 $16,442 $61,812
    Commercial & Industrial, US addressed loans - <$100k 211 $5,209 $24,687
    Commercial & Industrial, US addressed loans - $100-250k 32 $3,579 $111,844
    Commercial & Industrial, US addressed loans - $250k-1MM 23 $7,654 $332,783
    Farmland loans - <$1MM 21 $3,169 $150,905
    Farmland loans - <$100k 4 $229 $57,250
    Farmland loans - $100-250k 7 $891 $127,286
    Farmland loans - $250k-1MM 10 $2,049 $204,900
    Agriculture operations loans - <$1MM 6 $202 $33,667
    Agriculture operations loans - <$100k 5 $115 $23,000
    Agriculture operations loans - $100-250k 1 $87 $87,000