Premier Bank Of Arkansas Mortgage Rates, Fees & Info

Marion, AR

LEI: 549300NPHJJV4PURQK31

Tax ID: 71-0810705

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Mortgage Data

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, Naples, Jonesboro, and Memphis among others. We have data for 5 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.

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Originations

22

Origination Dollar Volume (All Markets)

$14,730,000

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) 5 $8,625,000 $1,725,000 $0 0.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $2,705,000 $2,705,000 $0 0.00%
JONESBORO, AR (FHA|USDA|VA) 4 $2,060,000 $515,000 $0 0.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 9 $945,000 $105,000 $0 0.00%
Outside of Metro Areas 3 $395,000 $131,667 $0 0.00%
Premier Bank Of Arkansas's top markets include Fayetteville, Naples, Jonesboro, and Memphis among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 22 $14,730,000 $669,545 $0 0.00%

    For 2022, Premier Bank Of Arkansas's most frequently originated type of loan was Conventional, with 22 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 16 $7,950,000 $496,875 $0 0.00%
    Cash Out Refi 3 $1,015,000 $338,333 $0 0.00%
    Home Improvement 1 $1,245,000 $1,245,000 $0 0.00%
    Other 1 $75,000 $75,000 $0 0.00%
    Refi 1 $4,445,000 $4,445,000 $0 0.00%

    For 2022, Premier Bank Of Arkansas's most frequently cited loan purpose was Home Purchase, with 16 originations. The 2nd most popular reason was Cash Out Refi, with 3 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 21 $14,655,000 $697,857 $0 0.00%
    10 Year 1 $75,000 $75,000 $0 0.00%

    For 2022, Premier Bank Of Arkansas's most frequently cited loan duration was Other, with 21 originations. The 2nd most popular length was 10 Year, with 1 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 8 $440,000 $55,000 $0 0.00%
    $1MM+ 5 $11,025,000 $2,205,000 $0 0.00%
    $100k-200k 4 $560,000 $140,000 $0 0.00%
    $200k-400k 2 $460,000 $230,000 $0 0.00%
    $600k-1MM 2 $1,670,000 $835,000 $0 0.00%
    $400k-600k 1 $575,000 $575,000 $0 0.00%

    2022 saw Premier Bank Of Arkansas place emphasis on $100,000 or less loans with 8 originations, totaling $440,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 3 $395,000 $131,667 $0 0.00%
    $150k-250k 2 $1,120,000 $560,000 $0 0.00%
    $250k+ 1 $4,445,000 $4,445,000 $0 0.00%
    $50k-75k 1 $65,000 $65,000 $0 0.00%
    $75k-100k 1 $65,000 $65,000 $0 0.00%

    Premier Bank Of Arkansas lent most frequently to those with incomes in the $100k-150k range, with 3 originations. The second most popular income band? $150k-250k, with 2 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 22 $14,730,000 $669,545 $0 0.00%

    Premier Bank Of Arkansas lent most frequently to those with DTI ratios of Exempt%, with 22 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 14 $8,640,000 $617,143 $0 0.00%
    White 5 $5,535,000 $1,107,000 $0 0.00%
    Black 3 $555,000 $185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    76.47%

    Premier Bank Of Arkansas has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.82%

    Premier Bank Of Arkansas has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 22 $14,730,000 $669,545

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    22 $14,730,000 $669,545

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    80-100% 1 $1,055,000 $1,055,000 $0 0.00%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    PRIMARY RESIDENTIAL MORTGAGE Conventional home mortgage Trouble during payment process 1 50.0%
    PRIMARY RESIDENTIAL MORTGAGE VA mortgage Trouble during payment process 1 50.0%