First Financial Bank Mortgage Rates, Fees & Info

Bessemer, AL

LEI: 549300YIZECN2NB3I529

Tax ID: 63-0500811

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

First Financial Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. First Financial Bank has a high proportion of conventional loans. Their top markets by origination volume include: Birmingham, Tuscaloosa, Jasper, and Mobile among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Financial 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

Origination Dollar Volume (All Markets)

$14,040,000

Employee count

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
BIRMINGHAM-HOOVER, AL (FHA\|USDA\|VA)	66	$12,640,000	$191,515	$0	0.00%
TUSCALOOSA, AL (FHA\|USDA\|VA)	8	$1,270,000	$158,750	$0	0.00%
Jasper, AL (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	0.00%
MOBILE, AL (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	0.00%

First Financial Bank's top markets include Birmingham, Tuscaloosa, Jasper, and Mobile among others.

Their top states include:

Alabama (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against First Financial Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

Liberty Mortgage Corporation
Similarity Rank: 675

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AVADIAN
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AMERICA'S FIRST
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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	76	$14,040,000	$184,737	$0	0.00%

For 2021, First Financial Bank's most frequently originated type of loan was Conventional, with 76 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	28	$5,270,000	$188,214	$0	0.00%
Cash Out Refi	22	$3,820,000	$173,636	$0	0.00%
Refi	19	$2,915,000	$153,421	$0	0.00%
Other	4	$1,570,000	$392,500	$0	0.00%
Home Improvement	3	$465,000	$155,000	$0	0.00%

For 2021, First Financial Bank's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	76	$14,040,000	$184,737	$0	0.00%

For 2021, First Financial Bank's most frequently cited loan duration was Other, with 76 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	24	$1,400,000	$58,333	$0	0.00%
$100k-200k	23	$3,345,000	$145,435	$0	0.00%
$200k-400k	23	$6,145,000	$267,174	$0	0.00%
$400k-600k	4	$1,850,000	$462,500	$0	0.00%
$600k-1MM	2	$1,300,000	$650,000	$0	0.00%

2021 saw First Financial Bank place emphasis on $100,000 or less loans with 24 originations, totaling $1,400,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	22	$3,280,000	$149,091	$0	0.00%
$100k-150k	17	$3,485,000	$205,000	$0	0.00%
$50k or less	14	$860,000	$61,429	$0	0.00%
$75k-100k	9	$1,815,000	$201,667	$0	0.00%
$250k+	5	$1,935,000	$387,000	$0	0.00%
$150k-250k	3	$1,045,000	$348,333	$0	0.00%

First Financial Bank lent most frequently to those with incomes in the $50k-75k range, with 22 originations. The second most popular income band? $100k-150k, with 17 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	76	$14,040,000	$184,737	$0	0.00%

First Financial Bank lent most frequently to those with DTI ratios of Exempt%, with 76 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	51	$6,895,000	$135,196	$0	0.00%
Asian	10	$3,370,000	$337,000	$0	0.00%
Not applicable	5	$1,355,000	$271,000	$0	0.00%
Black	5	$1,015,000	$203,000	$0	0.00%
Asian Indian	3	$815,000	$271,667	$0	0.00%
Not provided	1	$425,000	$425,000	$0	0.00%
Other Asian	1	$165,000	$165,000	$0	0.00%

Approval Rates

Total approvals of all applications
87.50%

First Financial Bank has an average approval rate.

Pick Rate

Approvals leading to origination
47.37%

First Financial 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	76	$14,040,000	$184,737

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	76	$14,040,000	$184,737

Complaints

Bank Name	Product	Issue	2021 CPFB Complaints	% of Total Issues
FIRST FINANCIAL BANCORP	Other type of mortgage	Trouble during payment process	1	25.0%
FIRST FINANCIAL BANCORP	Conventional home mortgage	Struggling to pay mortgage	1	25.0%
FIRST FINANCIAL BANCORP	Conventional home mortgage	Trouble during payment process	1	25.0%
FIRST FINANCIAL BANCORP	Home equity loan or line of credit (HELOC)	Trouble during payment process	1	25.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
First Financial Bank	119 Birmingham Rd Centreville, AL 35042	Full Service B&M	$22,126
First Financial Bank	1212 Main Street West Blocton, AL 35184	Full Service B&M	$13,232
First Financial Bank	1243 Hueytown Rd Hueytown, AL 35023	Full Service B&M	$22,639
First Financial Bank	1630 4th Avenue North Bessemer, AL 35020	Full Service B&M	$70,828
First Financial Bank	18704 Highway 11 North Vance, AL 35490	Full Service B&M	$20,844
First Financial Bank	28802 Highway 5 Woodstock, AL 35188	Full Service B&M	$20,109
First Financial Bank	3304 Pelham Parkway Pelham, AL 35124	Full Service B&M	$12,366
First Financial Bank	4790 Eastern Valley Road Mc Calla, AL 35111	Full Service B&M	$26,532

For 2021, First Financial Bank had 8 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$6,939
Net interest income	$6,653
Total noninterest income	$3,348
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,440
Trading account gains and fees	$0
Additional Noninterest Income	$1,908
Pre-tax net operating income	$2,197
Securities gains (or losses, -)	$144
Income before extraordinary items	$2,251
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$2,251
Minority interest net income	$0
Net income	$2,251
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$2,112

First Financial Bank's gross interest income from loans was $6,939,000.
First Financial Bank's net interest income from loans was $6,653,000.
First Financial Bank's fee based income from loans was $1,440,000.
First Financial Bank's net income from loans was $2,251,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$286
Provision for credit losses	$493
Total noninterest expense	$7,311
Salaries and employee benefits	$3,815
Premises and equipment expense	$821
Additional noninterest expense	$2,675
Applicable income taxes	$90
Net charge-offs	$43
Cash dividends	$750

First Financial Bank's interest expense for loans was $286,000.
First Financial Bank's payroll and benefits expense were $3,815,000.
First Financial Bank's property, plant and equipment expenses $821,000.

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	2.0%
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	$216,703
Deposits held in domestic offices	$216,703
Deposits by Individuals, partnerships, and corporations	$183,159
Deposits by U.S. Government	$1
Deposits by States and political subdivisions in the U.S.	$33,543
Deposits by Commercial banks and other depository institutions in U.S.	$0
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$144,974
Demand deposits	$87,883
Nontransaction accounts	$71,729
Money market deposit accounts (MMDAs)	$2,609
Other savings deposits (excluding MMDAs)	$42,602
Total time deposits	$26,518
Total time and savings deposits	$128,820
Noninterest-bearing deposits	$87,883
Interest-bearing deposits	$128,820
Retail deposits	$209,927
IRAs and Keogh plan accounts	$5,292
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$237,133
Cash & Balances due from depository institutions	$44,761
Interest-bearing balances	$36,687
Total securities	$79,835
Federal funds sold & reverse repurchase	$0
Net loans and leases	$92,278
Loan and leases loss allowance	$1,291
Trading account assets	$0
Bank premises and fixed assets	$6,159
Other real estate owned	$1
Goodwill and other intangibles	$0
All other assets	$14,099

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$237,133
Total Liabilities	$217,512
Total deposits	$216,703
Interest-bearing deposits	$128,820
Deposits held in domestic offices	$216,703
% insured (estimated)	$81
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$809

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$92,278
Loan and leases loss allowance	$1,291
Total loans and leases (domestic)	$93,569
All real estate loans	$81,751
Real estate loans in domestic offices	$81,751
Construction and development loans	$10,520
Residential 1-4 family construction	$1,773
Other construction, all land development and other land	$8,747
Loans secured by nonfarm nonresidential properties	$39,048
Nonfarm nonresidential secured by owner-occupied properties	$30,687
Commercial real estate & other non-farm, non-residential	$8,361
Multifamily residential real estate	$654
1-4 family residential loans	$31,529
Farmland loans	$0
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$8,822
To non-U.S. addressees	$0
Loans to individuals	$2,996
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$764
Other loans to individuals	$2,232
All other loans & leases	$0
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	$82
Non 1-4 family restructured loans & leases	$0
Total loans and leases (foreign)	$0

First Financial Bank had $92,278,000 of loans outstanding in 2021. $81,751,000 of loans were in real estate loans. $10,520,000 of loans were in development loans. $654,000 of loans were in multifamily mortgage loans. $31,529,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $764,000 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	93	$34,887	$375,129
Nonfarm, nonresidential loans - <$100k	19	$798	$42,000
Nonfarm, nonresidential loans - $100-250k	22	$2,546	$115,727
Nonfarm, nonresidential loans - $250k-1MM	52	$31,543	$606,596
Commercial & Industrial, US addressed loans - <$1MM	162	$8,822	$54,457
Commercial & Industrial, US addressed loans - <$100k	132	$4,527	$34,295
Commercial & Industrial, US addressed loans - $100-250k	21	$2,606	$124,095
Commercial & Industrial, US addressed loans - $250k-1MM	9	$1,689	$187,667