First Us Bank Mortgage Rates, Fees & Info
Birmingham, ALLEI: 549300XARD788LSGZW76
Tax ID: 63-0318800
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Mortgage Data
Bank Data
Review & Overview
First Us Bank is a smaller bank specializing in Refi and Home Purchase loans. First Us Bank has a high proportion of conventional loans. Their top markets by origination volume include: Birmingham, Cullman, Tuscaloosa, Knoxville, and Daphne among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)First Us 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
93Origination Dollar Volume (All Markets)
$45,965,000Employee count
280Top 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 |
|---|---|---|---|---|---|
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 18 | $15,660,000 | $870,000 | $0 | 0.00% |
| Cullman, AL (FHA|USDA|VA) | 4 | $7,780,000 | $1,945,000 | $0 | 0.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 4 | $6,700,000 | $1,675,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 23 | $4,925,000 | $214,130 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 4 | $2,460,000 | $615,000 | $0 | 0.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $2,105,000 | $2,105,000 | $0 | 0.00% |
| Outside of Metro Areas | 28 | $1,650,000 | $58,929 | $0 | 0.00% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $1,225,000 | $1,225,000 | $0 | 0.00% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $1,055,000 | $1,055,000 | $0 | 0.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 93 | $45,965,000 | $494,247 | $0 | 0.00% |
For 2019, First Us Bank's most frequently originated type of loan was Conventional, with 93 originations.
Loan Reason
For 2019, First Us Bank's most frequently cited loan purpose was Refi, with 53 originations. The 2nd most popular reason was Home Purchase, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 93 | $45,965,000 | $494,247 | $0 | 0.00% |
For 2019, First Us Bank's most frequently cited loan duration was Other, with 93 originations.
Loan Sizing
2019 saw First Us Bank place emphasis on $100,000 or less loans with 46 originations, totaling $2,130,000 in origination value.
Applicant Income
First Us Bank lent most frequently to those with incomes in the $50k or less range, with 17 originations. The second most popular income band? $100k-150k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 93 | $45,965,000 | $494,247 | $0 | 0.00% |
First Us Bank lent most frequently to those with DTI ratios of Exempt%, with 93 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.28%
First Us Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination73.12%
First Us Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 93 | $45,965,000 | $494,247 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | FHA mortgage | Trouble during payment process | 2 | 13.3% |
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 4 | 26.7% |
| FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | VA mortgage | Closing on a mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 1 | 6.7% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 3 | 20.0% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | FHA mortgage | Struggling to pay mortgage | 1 | 6.7% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First US Bank | 100 West Emory Road Powell, TN 37849 | Full Service B&M | $39,220 |
| First US Bank | 131 Main Street Grove Hill, AL 36451 | Full Service B&M | $66,197 |
| First US Bank | 131 West Front St Thomasville, AL 36784 | Full Service B&M | $51,761 |
| First US Bank | 135 Belcher Street Centreville, AL 35042 | Full Service B&M | $86,565 |
| First US Bank | 143 Buffalo Drive Ewing, VA 24248 | Full Service B&M | $14,313 |
| First US Bank | 20041 Highway 11 Woodstock, AL 35188 | Full Service B&M | $19,477 |
| First US Bank | 2101 College Ave, Jackson, AL 36545 | Full Service B&M | $75,307 |
| First US Bank | 22170 Alabama Highway 216 Mccalla, AL 35111 | Full Service B&M | $20,489 |
| First US Bank | 225 West College Street Columbiana, AL 35051 | Full Service B&M | $12,247 |
| First US Bank | 2619 And 2621 University Blvd Tuscaloosa, AL 35401 | Full Service B&M | $11,294 |
| First US Bank | 305 South Mulberry Street Butler, AL 36904 | Full Service B&M | $43,090 |
| First US Bank | 32451 Highway 43 Thomasville, AL 36784 | Full Service B&M | $29,655 |
| First US Bank | 3291 U.S. Highway 280, Ste 100 Birmingham, AL 35243 | Full Service B&M | $53,613 |
| First US Bank | 33445 Highway 43 Thomasville, AL 36784 | Full Service B&M | $18,573 |
| First US Bank | 419 Erin Drive Knoxville, TN 37919 | Full Service B&M | $26,303 |
| First US Bank | 43 Melvin Road Gilbertown, AL 36908 | Full Service B&M | $33,581 |
| First US Bank | 4720 Highway 31 Calera, AL 35040 | Full Service B&M | $26,033 |
| First US Bank | 52 Wheat Street Harpersville, AL 35078 | Full Service B&M | $22,634 |
| First US Bank | 5499 Dr. Thomas Walker Road Rose Hill, VA 24281 | Full Service B&M | $25,798 |
| First US Bank | 8710 Highway 69 S. Tuscaloosa, AL 35405 | Full Service B&M | $6,683 |
For 2019, First Us Bank had 20 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $43,588 |
| Net interest income | $36,942 |
| Total noninterest income | $4,391 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,828 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,563 |
| Pre-tax net operating income | $6,894 |
| Securities gains (or losses, -) | $92 |
| Income before extraordinary items | $5,490 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $5,490 |
| Minority interest net income | $0 |
| Net income | $5,490 |
| Sale, conversion, retirement of capital stock, net | $278 |
| Net operating income | $5,417 |
First Us Bank's gross interest income from loans was $43,588,000.
First Us Bank's net interest income from loans was $36,942,000.
First Us Bank's fee based income from loans was $1,828,000.
First Us Bank's net income from loans was $5,490,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $6,646 |
| Provision for credit losses | $2,714 |
| Total noninterest expense | $31,725 |
| Salaries and employee benefits | $19,730 |
| Premises and equipment expense | $3,385 |
| Additional noninterest expense | $8,610 |
| Applicable income taxes | $1,496 |
| Net charge-offs | $2,007 |
| Cash dividends | $3,104 |
First Us Bank's interest expense for loans was $6,646,000.
First Us Bank's payroll and benefits expense were $19,730,000.
First Us Bank's property, plant and equipment expenses $3,385,000.
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 | 1.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $684,136 |
| Deposits held in domestic offices | $684,136 |
| Deposits by Individuals, partnerships, and corporations | $599,405 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $77,209 |
| Deposits by Commercial banks and other depository institutions in U.S. | $7,522 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $82,296 |
| Demand deposits | $40,163 |
| Nontransaction accounts | $601,840 |
| Money market deposit accounts (MMDAs) | $300,999 |
| Other savings deposits (excluding MMDAs) | $55,609 |
| Total time deposits | $245,232 |
| Total time and savings deposits | $643,973 |
| Noninterest-bearing deposits | $113,204 |
| Interest-bearing deposits | $570,932 |
| Retail deposits | $634,138 |
| IRAs and Keogh plan accounts | $31,863 |
| Brokered deposits | $9,201 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $788,490 |
| Cash & Balances due from depository institutions | $57,029 |
| Interest-bearing balances | $45,091 |
| Total securities | $108,355 |
| Federal funds sold & reverse repurchase | $10,080 |
| Net loans and leases | $545,243 |
| Loan and leases loss allowance | $5,762 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $29,215 |
| Other real estate owned | $1,078 |
| Goodwill and other intangibles | $8,825 |
| All other assets | $28,665 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $788,490 |
| Total Liabilities | $704,304 |
| Total deposits | $684,136 |
| Interest-bearing deposits | $570,932 |
| Deposits held in domestic offices | $684,136 |
| % insured (estimated) | $81 |
| Federal funds purchased and repurchase agreements | $25 |
| Trading liabilities | $0 |
| Other borrowed funds | $10,000 |
| Subordinated debt | $0 |
| All other liabilities | $10,143 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $545,243 |
| Loan and leases loss allowance | $5,762 |
| Total loans and leases (domestic) | $551,005 |
| All real estate loans | $360,524 |
| Real estate loans in domestic offices | $360,524 |
| Construction and development loans | $34,901 |
| Residential 1-4 family construction | $8,154 |
| Other construction, all land development and other land | $26,747 |
| Loans secured by nonfarm nonresidential properties | $165,063 |
| Nonfarm nonresidential secured by owner-occupied properties | $75,666 |
| Commercial real estate & other non-farm, non-residential | $89,397 |
| Multifamily residential real estate | $51,286 |
| 1-4 family residential loans | $108,548 |
| Farmland loans | $726 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $58,595 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $115,730 |
| Credit card loans | $0 |
| Related Plans | $26 |
| Consumer Auto Loans | $12,525 |
| Other loans to individuals | $103,179 |
| All other loans & leases | $21,205 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $115 |
| 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 | $121 |
| Non 1-4 family restructured loans & leases | $108 |
| Total loans and leases (foreign) | $0 |
First US Bank had $545,243,000 of loans outstanding in 2019. $360,524,000 of loans were in real estate loans. $34,901,000 of loans were in development loans. $51,286,000 of loans were in multifamily mortgage loans. $108,548,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $12,525,000 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 | 160 | $39,185 | $244,906 |
| Nonfarm, nonresidential loans - <$100k | 40 | $1,096 | $27,400 |
| Nonfarm, nonresidential loans - $100-250k | 44 | $4,792 | $108,909 |
| Nonfarm, nonresidential loans - $250k-1MM | 76 | $33,297 | $438,118 |
| Commercial & Industrial, US addressed loans - <$1MM | 314 | $34,188 | $108,879 |
| Commercial & Industrial, US addressed loans - <$100k | 179 | $4,683 | $26,162 |
| Commercial & Industrial, US addressed loans - $100-250k | 61 | $6,149 | $100,803 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 74 | $23,356 | $315,622 |
| Farmland loans - <$1MM | 7 | $387 | $55,286 |
| Farmland loans - <$100k | 4 | $90 | $22,500 |
| Farmland loans - $100-250k | 3 | $297 | $99,000 |