First Service Bank Mortgage Rates, Fees & Info

Greenbrier, AR

LEI: 549300W2LKZKSX67ZU02

Tax ID: 71-0336112

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Mortgage Data

Review & Overview

First Service Bank is a smaller bank specializing in Home Purchase loans. First Service Bank has a high proportion of conventional loans. Their top markets by origination volume include: Little Rock, Hot Springs, Jonesboro, Pensacola, and Oklahoma City among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Service 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.

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Originations

174

Origination Dollar Volume (All Markets)

$44,530,000

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
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 117 $28,325,000 $242,094 $0 0.00%
HOT SPRINGS, AR (FHA|USDA|VA) 7 $4,785,000 $683,571 $0 0.00%
Outside of Metro Areas 35 $3,605,000 $103,000 $0 0.00%
JONESBORO, AR (FHA|USDA|VA) 3 $1,945,000 $648,333 $0 0.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $1,935,000 $1,935,000 $0 0.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $1,405,000 $1,405,000 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $975,000 $975,000 $0 0.00%
Searcy, AR (FHA|USDA|VA) 3 $675,000 $225,000 $0 0.00%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $420,000 $210,000 $0 0.00%
Mountain Home, AR (FHA|USDA|VA) 2 $280,000 $140,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
Batesville, AR (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
First Service Bank's top markets include Little Rock, Hot Springs, Jonesboro, Pensacola, and Oklahoma City among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 172 $44,020,000 $255,930 $0 0.00%
    VA 2 $510,000 $255,000 $0 0.00%

    For 2022, First Service Bank's most frequently originated type of loan was Conventional, with 172 originations. Their 2nd most popular type was VA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 134 $37,310,000 $278,433 $0 0.00%
    Refi 25 $5,365,000 $214,600 $0 0.00%
    Cash Out Refi 10 $1,120,000 $112,000 $0 0.00%
    Home Improvement 4 $510,000 $127,500 $0 0.00%
    Other 1 $225,000 $225,000 $0 0.00%

    For 2022, First Service Bank's most frequently cited loan purpose was Home Purchase, with 134 originations. The 2nd most popular reason was Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 174 $44,530,000 $255,920 $0 0.00%

    For 2022, First Service Bank's most frequently cited loan duration was Other, with 174 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 70 $10,030,000 $143,286 $0 0.00%
    $200k-400k 45 $12,365,000 $274,778 $0 0.00%
    $100,000 or less 39 $2,225,000 $57,051 $0 0.00%
    $600k-1MM 10 $7,990,000 $799,000 $0 0.00%
    $400k-600k 6 $2,900,000 $483,333 $0 0.00%
    $1MM+ 4 $9,020,000 $2,255,000 $0 0.00%

    2022 saw First Service Bank place emphasis on $100k-200k loans with 70 originations, totaling $10,030,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 20 $5,680,000 $284,000 $0 0.00%
    $100k-150k 19 $3,765,000 $198,158 $0 0.00%
    $50k or less 15 $1,485,000 $99,000 $0 0.00%
    $50k-75k 11 $1,315,000 $119,545 $0 0.00%
    $250k+ 7 $3,425,000 $489,286 $0 0.00%
    $75k-100k 5 $835,000 $167,000 $0 0.00%

    First Service Bank lent most frequently to those with incomes in the $150k-250k range, with 20 originations. The second most popular income band? $100k-150k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 174 $44,530,000 $255,920 $0 0.00%

    First Service Bank lent most frequently to those with DTI ratios of Exempt%, with 174 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 96 $27,770,000 $289,271 $0 0.00%
    White 67 $12,575,000 $187,687 $0 0.00%
    Not provided 9 $3,695,000 $410,556 $0 0.00%
    Black 2 $490,000 $245,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.02%

    First Service Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.84%

    First Service Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 174 $44,530,000 $255,920

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    174 $44,530,000 $255,920

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%