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 Refi and Home Purchase loans. First Us Bank has a high proportion of conventional loans. Their top markets by origination volume include: Pensacola, Daphne, Birmingham, Tuscaloosa, and Knoxville among others. We have data for 8 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

50

Origination Dollar Volume (All Markets)

$16,650,000

Employee count

270

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
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $5,085,000 $5,085,000 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $2,635,000 $2,635,000 $0 0.00%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 14 $2,530,000 $180,714 $0 0.00%
TUSCALOOSA, AL (FHA|USDA|VA) 8 $2,460,000 $307,500 $0 0.00%
KNOXVILLE, TN (FHA|USDA|VA) 4 $2,140,000 $535,000 $0 0.00%
Outside of Metro Areas 20 $1,420,000 $71,000 $0 0.00%
Cullman, AL (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
GADSDEN, AL (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
First Us Bank's top markets include Pensacola, Daphne, Birmingham, Tuscaloosa, and Knoxville among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 50 $16,650,000 $333,000 $0 0.00%

    For 2020, First Us Bank's most frequently originated type of loan was Conventional, with 50 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 31 $4,335,000 $139,839 $0 0.00%
    Home Purchase 10 $11,020,000 $1,102,000 $0 0.00%
    Cash Out Refi 7 $1,085,000 $155,000 $0 0.00%
    Other 2 $210,000 $105,000 $0 0.00%

    For 2020, First Us Bank's most frequently cited loan purpose was Refi, with 31 originations. The 2nd most popular reason was Home Purchase, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 50 $16,650,000 $333,000 $0 0.00%

    For 2020, First Us Bank's most frequently cited loan duration was Other, with 50 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 19 $645,000 $33,947 $0 0.00%
    $100k-200k 17 $2,275,000 $133,824 $0 0.00%
    $200k-400k 7 $2,245,000 $320,714 $0 0.00%
    $1MM+ 4 $9,990,000 $2,497,500 $0 0.00%
    $400k-600k 2 $810,000 $405,000 $0 0.00%
    $600k-1MM 1 $685,000 $685,000 $0 0.00%

    2020 saw First Us Bank place emphasis on $100,000 or less loans with 19 originations, totaling $645,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 14 $610,000 $43,571 $0 0.00%
    $75k-100k 6 $940,000 $156,667 $0 0.00%
    $150k-250k 5 $1,015,000 $203,000 $0 0.00%
    $250k+ 5 $1,805,000 $361,000 $0 0.00%
    $100k-150k 4 $850,000 $212,500 $0 0.00%
    $50k-75k 3 $305,000 $101,667 $0 0.00%

    First Us Bank lent most frequently to those with incomes in the $50k or less range, with 14 originations. The second most popular income band? $75k-100k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 50 $16,650,000 $333,000 $0 0.00%

    First Us Bank lent most frequently to those with DTI ratios of Exempt%, with 50 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 10 $10,340,000 $1,034,000 $0 0.00%
    White 35 $6,115,000 $174,714 $0 0.00%
    Black 5 $195,000 $39,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.18%

    First Us Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    68.00%

    First Us Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 50 $16,650,000 $333,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $355,000 $355,000
    Multifamily:Site-Built 5 $9,145,000 $1,829,000
    Single Family (1-4 Units):Manufactured 7 $315,000 $45,000
    Single Family (1-4 Units):Site-Built 37 $6,835,000 $184,730

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Conventional home mortgage Closing on a mortgage 1 6.7%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 4 26.7%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 3 20.0%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 6.7%
    FIRST HORIZON BANK Other type of mortgage Closing on a mortgage 2 13.3%
    FIRST HORIZON BANK Other type of mortgage Struggling to pay mortgage 1 6.7%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 2 13.3%
    FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing 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 $26,075
    First US Bank 131 Main Street Grove Hill, AL 36451 Full Service B&M $75,131
    First US Bank 131 W Front St N Thomasville, AL 36784 Full Service B&M $47,334
    First US Bank 135 Belcher Street Centreville, AL 35042 Full Service B&M $103,602
    First US Bank 143 Buffalo Drive Ewing, VA 24248 Full Service B&M $12,373
    First US Bank 20041 Highway 11 Woodstock, AL 35188 Full Service B&M $20,592
    First US Bank 2101 College Ave, Jackson, AL 36545 Full Service B&M $77,692
    First US Bank 22170 Alabama Highway 216 Mccalla, AL 35111 Full Service B&M $26,944
    First US Bank 225 West College Street Columbiana, AL 35051 Full Service B&M $12,278
    First US Bank 2619 And 2621 University Blvd Tuscaloosa, AL 35401 Full Service B&M $12,651
    First US Bank 305 South Mulberry Street Butler, AL 36904 Full Service B&M $46,906
    First US Bank 32451 Highway 43 Thomasville, AL 36784 Full Service B&M $21,773
    First US Bank 3291 U.S. Highway 280, Ste 100 Birmingham, AL 35243 Full Service B&M $71,655
    First US Bank 33445 Highway 43 Thomasville, AL 36784 Full Service B&M $29,147
    First US Bank 419 Erin Drive Knoxville, TN 37919 Full Service B&M $22,919
    First US Bank 43 Melvin Road Gilbertown, AL 36908 Full Service B&M $34,623
    First US Bank 4720 Highway 31 Calera, AL 35040 Full Service B&M $37,287
    First US Bank 52 Wheat Street Harpersville, AL 35078 Full Service B&M $25,989
    First US Bank 5499 Dr. Thomas Walker Road Rose Hill, VA 24281 Full Service B&M $26,471
    First US Bank 8710 Highway 69 S. Tuscaloosa, AL 35405 Full Service B&M $7,174

    For 2020, First Us Bank had 20 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $40,377
    Net interest income $35,766
    Total noninterest income $3,701
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,301
    Trading account gains and fees $0
    Additional Noninterest Income $2,400
    Pre-tax net operating income $4,513
    Securities gains (or losses, -) $326
    Income before extraordinary items $3,752
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,752
    Minority interest net income $0
    Net income $3,752
    Sale, conversion, retirement of capital stock, net $337
    Net operating income $3,494

    First Us Bank's gross interest income from loans was $40,377,000.
    First Us Bank's net interest income from loans was $35,766,000.
    First Us Bank's fee based income from loans was $1,301,000.
    First Us Bank's net income from loans was $3,752,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,611
    Provision for credit losses $2,945
    Total noninterest expense $32,009
    Salaries and employee benefits $19,974
    Premises and equipment expense $3,343
    Additional noninterest expense $8,692
    Applicable income taxes $1,087
    Net charge-offs $1,237
    Cash dividends $2,167

    First Us Bank's interest expense for loans was $4,611,000.
    First Us Bank's payroll and benefits expense were $19,974,000.
    First Us Bank's property, plant and equipment expenses $3,343,000.

    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 $782,630
    Deposits held in domestic offices $782,630
    Deposits by Individuals, partnerships, and corporations $675,496
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $106,588
    Deposits by Commercial banks and other depository institutions in U.S. $546
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $99,509
    Demand deposits $51,081
    Nontransaction accounts $683,121
    Money market deposit accounts (MMDAs) $368,949
    Other savings deposits (excluding MMDAs) $71,096
    Total time deposits $243,076
    Total time and savings deposits $731,549
    Noninterest-bearing deposits $152,353
    Interest-bearing deposits $630,277
    Retail deposits $727,333
    IRAs and Keogh plan accounts $30,787
    Brokered deposits $31,981
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $890,407
    Cash & Balances due from depository institutions $94,415
    Interest-bearing balances $82,180
    Total securities $91,423
    Federal funds sold & reverse repurchase $85
    Net loans and leases $638,374
    Loan and leases loss allowance $7,470
    Trading account assets $0
    Bank premises and fixed assets $28,206
    Other real estate owned $949
    Goodwill and other intangibles $8,410
    All other assets $28,545

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $890,407
    Total Liabilities $804,305
    Total deposits $782,630
    Interest-bearing deposits $630,277
    Deposits held in domestic offices $782,630
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $17
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $11,658

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $638,374
    Loan and leases loss allowance $7,470
    Total loans and leases (domestic) $645,844
    All real estate loans $372,235
    Real estate loans in domestic offices $372,235
    Construction and development loans $43,842
    Residential 1-4 family construction $824
    Other construction, all land development and other land $43,018
    Loans secured by nonfarm nonresidential properties $183,918
    Nonfarm nonresidential secured by owner-occupied properties $63,936
    Commercial real estate & other non-farm, non-residential $119,982
    Multifamily residential real estate $54,473
    1-4 family residential loans $89,293
    Farmland loans $709
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $59,090
    To non-U.S. addressees $0
    Loans to individuals $199,319
    Credit card loans $0
    Related Plans $27
    Consumer Auto Loans $10,565
    Other loans to individuals $188,727
    All other loans & leases $19,478
    Loans to foreign governments and official institutions $0
    Other loans $45
    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 $51
    Non 1-4 family restructured loans & leases $39
    Total loans and leases (foreign) $0

    First US Bank had $638,374,000 of loans outstanding in 2020. $372,235,000 of loans were in real estate loans. $43,842,000 of loans were in development loans. $54,473,000 of loans were in multifamily mortgage loans. $89,293,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $10,565,000 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 157 $42,401 $270,070
    Nonfarm, nonresidential loans - <$100k 32 $1,068 $33,375
    Nonfarm, nonresidential loans - $100-250k 45 $4,846 $107,689
    Nonfarm, nonresidential loans - $250k-1MM 80 $36,487 $456,088
    Commercial & Industrial, US addressed loans - <$1MM 401 $36,177 $90,217
    Commercial & Industrial, US addressed loans - <$100k 257 $6,939 $27,000
    Commercial & Industrial, US addressed loans - $100-250k 71 $7,960 $112,113
    Commercial & Industrial, US addressed loans - $250k-1MM 73 $21,278 $291,479
    Farmland loans - <$1MM 7 $425 $60,714
    Farmland loans - <$100k 4 $81 $20,250
    Farmland loans - $100-250k 3 $344 $114,667