First Us Bank Mortgage Rates, Fees & Info

Birmingham, AL

LEI: 549300XARD788LSGZW76

Tax ID: 63-0318800

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Mortgage Data

Bank Data

Review & Overview

First Us Bank is a smaller bank specializing in Home Purchase and Refi loans. First Us Bank has a high proportion of conventional loans. Their top markets by origination volume include: Knoxville, Tuscaloosa, Troy, Birmingham, and London among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Us Bank 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

107

Origination Dollar Volume (All Markets)

$21,095,000

Employee count

282

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
KNOXVILLE, TN (FHA|USDA|VA) 54 $9,760,000 $180,741 $0 0.00%
TUSCALOOSA, AL (FHA|USDA|VA) 4 $3,460,000 $865,000 $0 0.00%
Troy, AL (FHA|USDA|VA) 1 $2,545,000 $2,545,000 $0 0.00%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 14 $2,540,000 $181,429 $0 0.00%
Outside of Metro Areas 20 $1,090,000 $54,500 $0 0.00%
London, KY (FHA|USDA|VA) 2 $420,000 $210,000 $0 0.00%
MORRISTOWN, TN (FHA|USDA|VA) 3 $395,000 $131,667 $0 0.00%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
MOBILE, AL (FHA|USDA|VA) 5 $235,000 $47,000 $0 0.00%
Sevierville, TN (FHA|USDA|VA) 2 $180,000 $90,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
First Us Bank's top markets include Knoxville, Tuscaloosa, Troy, Birmingham, and London among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 107 $21,095,000 $197,150 $0 0.00%

    For 2018, First Us Bank's most frequently originated type of loan was Conventional, with 107 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 68 $15,720,000 $231,176 $0 0.00%
    Refi 34 $5,170,000 $152,059 $0 0.00%
    Home Improvement 4 $160,000 $40,000 $0 0.00%
    Other 1 $45,000 $45,000 $0 0.00%

    For 2018, First Us Bank's most frequently cited loan purpose was Home Purchase, with 68 originations. The 2nd most popular reason was Refi, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 107 $21,095,000 $197,150 $0 0.00%

    For 2018, First Us Bank's most frequently cited loan duration was Other, with 107 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 50 $2,720,000 $54,400 $0 0.00%
    $100k-200k 28 $3,890,000 $138,929 $0 0.00%
    $200k-400k 17 $4,925,000 $289,706 $0 0.00%
    $400k-600k 7 $3,355,000 $479,286 $0 0.00%
    $1MM+ 3 $4,805,000 $1,601,667 $0 0.00%
    $600k-1MM 2 $1,400,000 $700,000 $0 0.00%

    2018 saw First Us Bank place emphasis on $100,000 or less loans with 50 originations, totaling $2,720,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 23 $4,925,000 $214,130 $0 0.00%
    $150k-250k 14 $3,360,000 $240,000 $0 0.00%
    $50k-75k 11 $735,000 $66,818 $0 0.00%
    $50k or less 11 $515,000 $46,818 $0 0.00%
    $100k-150k 8 $1,450,000 $181,250 $0 0.00%
    $75k-100k 8 $1,070,000 $133,750 $0 0.00%

    First Us Bank lent most frequently to those with incomes in the $250k+ range, with 23 originations. The second most popular income band? $150k-250k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 107 $21,095,000 $197,150 $0 0.00%

    First Us Bank lent most frequently to those with DTI ratios of Exempt%, with 107 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 75 $12,555,000 $167,400 $0 0.00%
    Not applicable 28 $8,440,000 $301,429 $0 0.00%
    Black 4 $100,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.07%

    First Us Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.37%

    First Us Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 107 $21,095,000 $197,150

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $105,000 $105,000
    Multifamily:Site-Built 7 $4,305,000 $615,000
    Single Family (1-4 Units):Manufactured 6 $280,000 $46,667
    Single Family (1-4 Units):Site-Built 93 $16,405,000 $176,398

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Incorrect information on your report 1 7.1%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 3 21.4%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 5 35.7%
    FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    FIRST HORIZON BANK FHA mortgage Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Problem with a credit reporting company's investigation into an existing problem 1 7.1%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First US Bank 131 Main Street Grove Hill, AL 36451 Full Service B&M $61,416
    First US Bank 131 West Front St Thomasville, AL 36784 Full Service B&M $60,696
    First US Bank 135 Belcher Street Centreville, AL 35042 Full Service B&M $86,475
    First US Bank 20041 Highway 11 Woodstock, AL 35188 Full Service B&M $19,391
    First US Bank 2101 College Ave, Jackson, AL 36545 Full Service B&M $72,092
    First US Bank 22170 Alabama Highway 216 Mccalla, AL 35111 Full Service B&M $18,998
    First US Bank 225 West College Street Columbiana, AL 35051 Full Service B&M $16,673
    First US Bank 2619 And 2621 University Blvd Tuscaloosa, AL 35401 Full Service B&M $5,234
    First US Bank 305 South Mulberry Street Butler, AL 36904 Full Service B&M $40,513
    First US Bank 32451 Highway 43 Thomasville, AL 36784 Full Service B&M $30,561
    First US Bank 3291 U.S. Highway 280, Ste 100 Birmingham, AL 35243 Full Service B&M $20,984
    First US Bank 33445 Highway 43 Thomasville, AL 36784 Full Service B&M $18,057
    First US Bank 43 Melvin Road Gilbertown, AL 36908 Full Service B&M $32,826
    First US Bank 4720 Highway 31 Calera, AL 35040 Full Service B&M $18,999
    First US Bank 52 Wheat Street Harpersville, AL 35078 Full Service B&M $21,540
    First US Bank 8710 Highway 69 S. Tuscaloosa, AL 35405 Full Service B&M $7,396

    For 2018, First Us Bank had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $37,138
    Net interest income $32,788
    Total noninterest income $5,580
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,895
    Trading account gains and fees $0
    Additional Noninterest Income $3,685
    Pre-tax net operating income $4,337
    Securities gains (or losses, -) $117
    Income before extraordinary items $3,320
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,320
    Minority interest net income $0
    Net income $3,320
    Sale, conversion, retirement of capital stock, net $333
    Net operating income $3,227

    First Us Bank's gross interest income from loans was $37,138,000.
    First Us Bank's net interest income from loans was $32,788,000.
    First Us Bank's fee based income from loans was $1,895,000.
    First Us Bank's net income from loans was $3,320,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,350
    Provision for credit losses $2,622
    Total noninterest expense $31,409
    Salaries and employee benefits $20,578
    Premises and equipment expense $1,178
    Additional noninterest expense $9,653
    Applicable income taxes $1,134
    Net charge-offs $2,340
    Cash dividends $974

    First Us Bank's interest expense for loans was $4,350,000.
    First Us Bank's payroll and benefits expense were $20,578,000.
    First Us Bank's property, plant and equipment expenses $1,178,000.

    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 $704,990
    Deposits held in domestic offices $704,990
    Deposits by Individuals, partnerships, and corporations $606,288
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $68,477
    Deposits by Commercial banks and other depository institutions in U.S. $30,225
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $83,125
    Demand deposits $44,678
    Nontransaction accounts $621,865
    Money market deposit accounts (MMDAs) $296,780
    Other savings deposits (excluding MMDAs) $58,268
    Total time deposits $266,817
    Total time and savings deposits $660,312
    Noninterest-bearing deposits $109,314
    Interest-bearing deposits $595,676
    Retail deposits $630,299
    IRAs and Keogh plan accounts $32,469
    Brokered deposits $33,955
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $791,612
    Cash & Balances due from depository institutions $49,597
    Interest-bearing balances $39,803
    Total securities $153,949
    Federal funds sold & reverse repurchase $8,354
    Net loans and leases $514,867
    Loan and leases loss allowance $5,055
    Trading account assets $0
    Bank premises and fixed assets $27,643
    Other real estate owned $1,505
    Goodwill and other intangibles $9,312
    All other assets $26,385

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $791,612
    Total Liabilities $712,515
    Total deposits $704,990
    Interest-bearing deposits $595,676
    Deposits held in domestic offices $704,990
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $527
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $6,998

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $514,867
    Loan and leases loss allowance $5,055
    Total loans and leases (domestic) $519,922
    All real estate loans $332,556
    Real estate loans in domestic offices $332,556
    Construction and development loans $41,340
    Residential 1-4 family construction $12,706
    Other construction, all land development and other land $28,634
    Loans secured by nonfarm nonresidential properties $156,162
    Nonfarm nonresidential secured by owner-occupied properties $66,182
    Commercial real estate & other non-farm, non-residential $89,980
    Multifamily residential real estate $23,009
    1-4 family residential loans $110,737
    Farmland loans $1,308
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $71,896
    To non-U.S. addressees $0
    Loans to individuals $107,346
    Credit card loans $0
    Related Plans $28
    Consumer Auto Loans $34,667
    Other loans to individuals $72,651
    All other loans & leases $14,077
    Loans to foreign governments and official institutions $0
    Other loans $193
    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 $232
    Non 1-4 family restructured loans & leases $125
    Total loans and leases (foreign) $0

    First US Bank had $514,867,000 of loans outstanding in 2018. $332,556,000 of loans were in real estate loans. $41,340,000 of loans were in development loans. $23,009,000 of loans were in multifamily mortgage loans. $110,737,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $34,667,000 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 127 $22,895 $180,276
    Nonfarm, nonresidential loans - <$100k 43 $1,157 $26,907
    Nonfarm, nonresidential loans - $100-250k 34 $3,310 $97,353
    Nonfarm, nonresidential loans - $250k-1MM 50 $18,428 $368,560
    Commercial & Industrial, US addressed loans - <$1MM 164 $13,318 $81,207
    Commercial & Industrial, US addressed loans - <$100k 109 $2,948 $27,046
    Commercial & Industrial, US addressed loans - $100-250k 25 $2,077 $83,080
    Commercial & Industrial, US addressed loans - $250k-1MM 30 $8,293 $276,433
    Farmland loans - <$1MM 2 $185 $92,500
    Farmland loans - <$100k 1 $78 $78,000
    Farmland loans - $100-250k 1 $107 $107,000