First Service Bank Mortgage Rates, Fees & Info
Greenbrier, ARLEI: 549300W2LKZKSX67ZU02
Tax ID: 71-0336112
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Mortgage Data
Bank Data
Review & Overview
First Service Bank is a smaller bank specializing in Home Purchase and Refi loans. First Service Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Little Rock, Hot Springs, Searcy, Jonesboro, and Mountain Home among others. We have data for 14 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
266Origination Dollar Volume (All Markets)
$55,800,000Employee count
102Top 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) | 195 | $42,085,000 | $215,821 | $0 | 0.00% |
| Outside of Metro Areas | 37 | $4,795,000 | $129,595 | $0 | 0.00% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 10 | $3,210,000 | $321,000 | $0 | 0.00% |
| Searcy, AR (FHA|USDA|VA) | 8 | $1,940,000 | $242,500 | $0 | 0.00% |
| JONESBORO, AR (FHA|USDA|VA) | 5 | $1,315,000 | $263,000 | $0 | 0.00% |
| Mountain Home, AR (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $0 | 0.00% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| Russellville, AR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Malvern, AR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| PINE BLUFF, AR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Batesville, AR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Ponca City, OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
For 2021, First Service Bank's most frequently originated type of loan was Conventional, with 263 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2021, First Service Bank's most frequently cited loan purpose was Home Purchase, with 165 originations. The 2nd most popular reason was Refi, with 84 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 266 | $55,800,000 | $209,774 | $0 | 0.00% |
For 2021, First Service Bank's most frequently cited loan duration was Other, with 266 originations.
Loan Sizing
2021 saw First Service Bank place emphasis on $100k-200k loans with 101 originations, totaling $14,405,000 in origination value.
Applicant Income
First Service Bank lent most frequently to those with incomes in the $100k-150k range, with 45 originations. The second most popular income band? $50k-75k, with 39 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 266 | $55,800,000 | $209,774 | $0 | 0.00% |
First Service Bank lent most frequently to those with DTI ratios of Exempt%, with 266 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.73%
First Service Bank has an average approval rate.
Pick Rate
Approvals leading to origination76.32%
First Service Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 266 | $55,800,000 | $209,774 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 5.9% |
| FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 1 | 2.9% |
| FIRST HORIZON BANK | Conventional home mortgage | Closing on a mortgage | 2 | 5.9% |
| FIRST HORIZON BANK | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 5.9% |
| FIRST HORIZON BANK | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 2.9% |
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 1 | 2.9% |
| FIRST HORIZON BANK | Other type of mortgage | Closing on a mortgage | 2 | 5.9% |
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 10 | 29.4% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 2.9% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 6 | 17.6% |
| FIRST HORIZON BANK | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 2.9% |
| FIRST HORIZON BANK | FHA mortgage | Closing on a mortgage | 1 | 2.9% |
| FIRST HORIZON BANK | FHA mortgage | Trouble during payment process | 2 | 5.9% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 2 | 5.9% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First Service Bank | 114 E. Peddicord Dermott, AR 71638 | Full Service B&M | $48,671 |
| First Service Bank | 134 South Broadview Greenbrier, AR 72058 | Full Service B&M | $83,380 |
| First Service Bank | 2475 Washington Avenue Conway, AR 72032 | Full Service B&M | $23,200 |
| First Service Bank | 311 North 1st Street Flippin, AR 72634 | Full Service B&M | $19,739 |
| First Service Bank | 410 Sylamore Avenue Mountain View, AR 72560 | Full Service B&M | $39,510 |
| First Service Bank | 425 Hwy 62 East Yellville, AR 72687 | Full Service B&M | $28,832 |
| First Service Bank | 486 Highway 65 Clinton, AR 72031 | Full Service B&M | $110,473 |
| First Service Bank | 540 United Drive Conway, AR 72033 | Full Service B&M | $13,497 |
| First Service Bank | 700 Hardin Rd. Little Rock, AR 72211 | Full Service B&M | $22,148 |
For 2021, First Service Bank had 9 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $21,100 |
| Net interest income | $18,759 |
| Total noninterest income | $7,875 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $660 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $7,215 |
| Pre-tax net operating income | $8,470 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $6,438 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $6,438 |
| Minority interest net income | $0 |
| Net income | $6,438 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $6,438 |
First Service Bank's gross interest income from loans was $21,100,000.
First Service Bank's net interest income from loans was $18,759,000.
First Service Bank's fee based income from loans was $660,000.
First Service Bank's net income from loans was $6,438,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,341 |
| Provision for credit losses | $2,182 |
| Total noninterest expense | $15,982 |
| Salaries and employee benefits | $8,649 |
| Premises and equipment expense | $2,302 |
| Additional noninterest expense | $5,031 |
| Applicable income taxes | $2,032 |
| Net charge-offs | $880 |
| Cash dividends | $1,528 |
First Service Bank's interest expense for loans was $2,341,000.
First Service Bank's payroll and benefits expense were $8,649,000.
First Service Bank's property, plant and equipment expenses $2,302,000.
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 | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| 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 | $434,601 |
| Deposits held in domestic offices | $434,601 |
| Deposits by Individuals, partnerships, and corporations | $324,296 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $69,958 |
| Deposits by Commercial banks and other depository institutions in U.S. | $40,347 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $272,343 |
| Demand deposits | $116,861 |
| Nontransaction accounts | $162,258 |
| Money market deposit accounts (MMDAs) | $27,109 |
| Other savings deposits (excluding MMDAs) | $36,197 |
| Total time deposits | $98,950 |
| Total time and savings deposits | $317,740 |
| Noninterest-bearing deposits | $116,864 |
| Interest-bearing deposits | $317,738 |
| Retail deposits | $357,544 |
| IRAs and Keogh plan accounts | $7,342 |
| Brokered deposits | $65,308 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $489,247 |
| Cash & Balances due from depository institutions | $10,073 |
| Interest-bearing balances | $56 |
| Total securities | $49,514 |
| Federal funds sold & reverse repurchase | $20,150 |
| Net loans and leases | $382,967 |
| Loan and leases loss allowance | $5,812 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $10,781 |
| Other real estate owned | $1,233 |
| Goodwill and other intangibles | $0 |
| All other assets | $14,529 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $489,247 |
| Total Liabilities | $436,811 |
| Total deposits | $434,601 |
| Interest-bearing deposits | $317,738 |
| Deposits held in domestic offices | $434,601 |
| % insured (estimated) | $54 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $179 |
| Subordinated debt | $0 |
| All other liabilities | $2,031 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $382,967 |
| Loan and leases loss allowance | $5,812 |
| Total loans and leases (domestic) | $388,779 |
| All real estate loans | $335,487 |
| Real estate loans in domestic offices | $335,487 |
| Construction and development loans | $110,405 |
| Residential 1-4 family construction | $47,035 |
| Other construction, all land development and other land | $63,370 |
| Loans secured by nonfarm nonresidential properties | $84,325 |
| Nonfarm nonresidential secured by owner-occupied properties | $34,725 |
| Commercial real estate & other non-farm, non-residential | $49,600 |
| Multifamily residential real estate | $9,346 |
| 1-4 family residential loans | $75,847 |
| Farmland loans | $55,564 |
| Loans held in foreign offices | $0 |
| Farm loans | $7,176 |
| Commercial and industrial loans | $41,649 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $3,667 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $252 |
| Other loans to individuals | $3,415 |
| All other loans & leases | $799 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| 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 | $1,220 |
| Non 1-4 family restructured loans & leases | $516 |
| Total loans and leases (foreign) | $0 |
First Service Bank had $382,967,000 of loans outstanding in 2021. $335,487,000 of loans were in real estate loans. $110,405,000 of loans were in development loans. $9,346,000 of loans were in multifamily mortgage loans. $75,847,000 of loans were in 1-4 family mortgage loans. $7,176,000 of loans were in farm loans. $0 of loans were in credit card loans. $252,000 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 | 163 | $31,992 | $196,270 |
| Nonfarm, nonresidential loans - <$100k | 57 | $1,913 | $33,561 |
| Nonfarm, nonresidential loans - $100-250k | 45 | $5,110 | $113,556 |
| Nonfarm, nonresidential loans - $250k-1MM | 61 | $24,969 | $409,328 |
| Commercial & Industrial, US addressed loans - <$1MM | 374 | $20,526 | $54,882 |
| Commercial & Industrial, US addressed loans - <$100k | 307 | $5,622 | $18,313 |
| Commercial & Industrial, US addressed loans - $100-250k | 29 | $2,985 | $102,931 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 38 | $11,919 | $313,658 |
| Farmland loans - <$1MM | 256 | $19,310 | $75,430 |
| Farmland loans - <$100k | 178 | $5,601 | $31,466 |
| Farmland loans - $100-250k | 50 | $5,846 | $116,920 |
| Farmland loans - $250k-1MM | 28 | $7,863 | $280,821 |
| Agriculture operations loans - <$1MM | 96 | $3,748 | $39,042 |
| Agriculture operations loans - <$100k | 81 | $1,078 | $13,309 |
| Agriculture operations loans - $100-250k | 10 | $1,435 | $143,500 |
| Agriculture operations loans - $250k-1MM | 5 | $1,235 | $247,000 |