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 Cash Out Refi loans. Premier Bank Of Arkansas has a high proportion of conventional loans. Their top markets by origination volume include: Jonesboro, Fayetteville, Crestview, Memphis, and Panama City 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

    49

    Origination Dollar Volume (All Markets)

    $22,155,000

    Employee count

    32

    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
    JONESBORO, AR (FHA|USDA|VA) 10 $8,930,000 $893,000 $0 0.00%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 8 $6,790,000 $848,750 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $3,555,000 $1,185,000 $0 0.00%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 22 $1,900,000 $86,364 $0 0.00%
    Outside of Metro Areas 5 $615,000 $123,000 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
    Premier Bank Of Arkansas's top markets include Jonesboro, Fayetteville, Crestview, Memphis, and Panama City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 49 $22,155,000 $452,143 $0 0.00%

    For 2021, Premier Bank Of Arkansas's most frequently originated type of loan was Conventional, with 49 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 23 $13,565,000 $589,783 $0 0.00%
    Cash Out Refi 11 $7,065,000 $642,273 $0 0.00%
    Refi 10 $1,350,000 $135,000 $0 0.00%
    Home Improvement 3 $105,000 $35,000 $0 0.00%
    Other 2 $70,000 $35,000 $0 0.00%

    For 2021, Premier Bank Of Arkansas's most frequently cited loan purpose was Home Purchase, with 23 originations. The 2nd most popular reason was Cash Out Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 48 $21,630,000 $450,625 $0 0.00%
    5 Year 1 $525,000 $525,000 $0 0.00%

    For 2021, Premier Bank Of Arkansas's most frequently cited loan duration was Other, with 48 originations. The 2nd most popular length was 5 Year, with 1 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 23 $1,335,000 $58,043 $0 0.00%
    $200k-400k 9 $2,615,000 $290,556 $0 0.00%
    $1MM+ 7 $13,875,000 $1,982,143 $0 0.00%
    $400k-600k 5 $2,635,000 $527,000 $0 0.00%
    $100k-200k 3 $395,000 $131,667 $0 0.00%
    $600k-1MM 2 $1,300,000 $650,000 $0 0.00%

    2021 saw Premier Bank Of Arkansas place emphasis on $100,000 or less loans with 23 originations, totaling $1,335,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 6 $370,000 $61,667 $0 0.00%
    $250k+ 5 $865,000 $173,000 $0 0.00%
    $100k-150k 4 $280,000 $70,000 $0 0.00%
    $50k or less 4 $160,000 $40,000 $0 0.00%
    $75k-100k 4 $210,000 $52,500 $0 0.00%
    $150k-250k 3 $1,505,000 $501,667 $0 0.00%

    Premier Bank Of Arkansas lent most frequently to those with incomes in the $50k-75k range, with 6 originations. The second most popular income band? $250k+, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 49 $22,155,000 $452,143 $0 0.00%

    Premier Bank Of Arkansas lent most frequently to those with DTI ratios of Exempt%, with 49 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 22 $18,610,000 $845,909 $0 0.00%
    White 23 $3,275,000 $142,391 $0 0.00%
    Black 4 $270,000 $67,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.71%

    Premier Bank Of Arkansas has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.51%

    Premier Bank Of Arkansas has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 49 $22,155,000 $452,143

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    49 $22,155,000 $452,143

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 1 $355,000 $355,000 $0 0.00%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Premier Mortgage, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    Premier Mortgage, LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 66.7%

    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 $24,889
    Premier Bank of Arkansas 205 Block St. Marion, AR 72364 Full Service B&M $130,460
    Premier Bank of Arkansas 2508 E Highland Dr Jonesboro, AR 72401 Full Service B&M $12,812

    For 2021, Premier Bank Of Arkansas had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,851
    Net interest income $7,528
    Total noninterest income $947
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $277
    Trading account gains and fees $0
    Additional Noninterest Income $670
    Pre-tax net operating income $2,874
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,112
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,112
    Minority interest net income $0
    Net income $2,112
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,112

    Premier Bank Of Arkansas's gross interest income from loans was $7,851,000.
    Premier Bank Of Arkansas's net interest income from loans was $7,528,000.
    Premier Bank Of Arkansas's fee based income from loans was $277,000.
    Premier Bank Of Arkansas's net income from loans was $2,112,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $323
    Provision for credit losses $267
    Total noninterest expense $5,334
    Salaries and employee benefits $2,937
    Premises and equipment expense $632
    Additional noninterest expense $1,765
    Applicable income taxes $762
    Net charge-offs $3
    Cash dividends $0

    Premier Bank Of Arkansas's interest expense for loans was $323,000.
    Premier Bank Of Arkansas's payroll and benefits expense were $2,937,000.
    Premier Bank Of Arkansas's property, plant and equipment expenses $632,000.

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

    Deposits

    Type Value (in 000's)
    Total deposits $198,401
    Deposits held in domestic offices $198,401
    Deposits by Individuals, partnerships, and corporations $168,621
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $28,787
    Deposits by Commercial banks and other depository institutions in U.S. $993
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $110,495
    Demand deposits $96,785
    Nontransaction accounts $87,906
    Money market deposit accounts (MMDAs) $42,339
    Other savings deposits (excluding MMDAs) $14,385
    Total time deposits $31,182
    Total time and savings deposits $101,616
    Noninterest-bearing deposits $68,790
    Interest-bearing deposits $129,610
    Retail deposits $186,978
    IRAs and Keogh plan accounts $2,812
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $227,414
    Cash & Balances due from depository institutions $55,959
    Interest-bearing balances $54,060
    Total securities $2,467
    Federal funds sold & reverse repurchase $0
    Net loans and leases $161,144
    Loan and leases loss allowance $2,121
    Trading account assets $0
    Bank premises and fixed assets $3,719
    Other real estate owned $6
    Goodwill and other intangibles $0
    All other assets $4,119

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $227,414
    Total Liabilities $199,486
    Total deposits $198,401
    Interest-bearing deposits $129,610
    Deposits held in domestic offices $198,401
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,085

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $161,144
    Loan and leases loss allowance $2,121
    Total loans and leases (domestic) $163,265
    All real estate loans $141,479
    Real estate loans in domestic offices $141,479
    Construction and development loans $17,812
    Residential 1-4 family construction $3,178
    Other construction, all land development and other land $14,634
    Loans secured by nonfarm nonresidential properties $67,220
    Nonfarm nonresidential secured by owner-occupied properties $26,567
    Commercial real estate & other non-farm, non-residential $40,653
    Multifamily residential real estate $18,234
    1-4 family residential loans $34,142
    Farmland loans $4,071
    Loans held in foreign offices $0
    Farm loans $824
    Commercial and industrial loans $19,117
    To non-U.S. addressees $0
    Loans to individuals $1,838
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $729
    Other loans to individuals $1,109
    All other loans & leases $7
    Loans to foreign governments and official institutions $0
    Other loans $7
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $3,793
    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 $161,144,000 of loans outstanding in 2021. $141,479,000 of loans were in real estate loans. $17,812,000 of loans were in development loans. $18,234,000 of loans were in multifamily mortgage loans. $34,142,000 of loans were in 1-4 family mortgage loans. $824,000 of loans were in farm loans. $0 of loans were in credit card loans. $729,000 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 119 $29,505 $247,941
    Nonfarm, nonresidential loans - <$100k 31 $1,206 $38,903
    Nonfarm, nonresidential loans - $100-250k 35 $4,391 $125,457
    Nonfarm, nonresidential loans - $250k-1MM 53 $23,908 $451,094
    Commercial & Industrial, US addressed loans - <$1MM 221 $11,793 $53,362
    Commercial & Industrial, US addressed loans - <$100k 174 $3,990 $22,931
    Commercial & Industrial, US addressed loans - $100-250k 28 $3,050 $108,929
    Commercial & Industrial, US addressed loans - $250k-1MM 19 $4,753 $250,158
    Farmland loans - <$1MM 20 $2,873 $143,650
    Farmland loans - <$100k 3 $204 $68,000
    Farmland loans - $100-250k 9 $1,022 $113,556
    Farmland loans - $250k-1MM 8 $1,647 $205,875
    Agriculture operations loans - <$1MM 6 $268 $44,667
    Agriculture operations loans - <$100k 4 $130 $32,500
    Agriculture operations loans - $100-250k 2 $138 $69,000