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Simmons Bank
Bank|Pine Bluff, AR|Near-National
Loans Originated
1,331
Applications
2,061
Volume
$342 million
Offers loans directly to consumers
Overall Pricing
Sound
Overall Pull Through
Strong
Safe Rate Awards💎USDA Champion⭐FHA Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.461%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,783
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
64.6%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
- Nationwide availability with consistent service
Report Card
Simmons Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
Jumbo | Strong | Highly Competitive | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Near-National · 19 metro areas · 25 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$257,502
Average Borrower Income
$144,747
Average Property Value
$334,932
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Sound | 963 | 72.4% | +0.512% | $1,741 |
FHA Loans | Strong | Strong | Strong | Strong | 260 | 19.5% | +0.342% | $1,992 |
VA Loans | Sound | Strong | Sound | Sound | 36 | 2.7% | -0.112% | $1,444 |
Jumbo Loans | Acceptable | Strong | Mediocre | Sound | 28 | 2.1% | +0.574% | $2,226 |
USDA Loans | Exceptional | Exceptional | Exceptional | Strong | 44 | 3.3% | +0.145% | $1,464 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Sound | Strong | 1,174 | 88.2% | +0.458% | $1,769 |
Refinance | Acceptable | Sound | Acceptable | Acceptable | 157 | 11.8% | +0.490% | $1,901 |
Geographic Coverage
Metro Areas
18
States Served
25
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
ALARCODEFLGAILINKSKYLAMAMDMIMOMSNCNMOHOKPASCTNTXVA
Top Metro Areas by Place Specialization Score
1
Little Rock, ARMSA
Volume: 174Mix: 13.07%
Place Specialization
Exceptional
2
Fayetteville, ARMSA
Volume: 101Mix: 7.59%
Place Specialization
Strong
3
Memphis, TNMSA
Volume: 107Mix: 8.04%
Place Specialization
Strong
4
Jackson, TN, TNMSA
Volume: 58Mix: 4.36%
Place Specialization
Strong
5
Oklahoma City, OK, OKMSA
Volume: 65Mix: 4.88%
Place Specialization
Strong
6
Fort Worth, TXMSA
Volume: 55Mix: 4.13%
Place Specialization
Strong
7
Nashville, TNMSA
Volume: 51Mix: 3.83%
Place Specialization
Sound
8
Jonesboro, AR, ARMSA
Volume: 18Mix: 1.35%
Place Specialization
Sound
9
Dallas, TXMSA
Volume: 39Mix: 2.93%
Place Specialization
Sound
10
Columbia, MO, MOMSA
Volume: 19Mix: 1.43%
Place Specialization
Sound
Showing 10 of 18 metro areas
Top States by Place Specialization Score
1
ARState
Volume: 531Mix: 39.89%
Place Specialization
Exceptional
2
TNState
Volume: 297Mix: 22.31%
Place Specialization
Strong
3
OKState
Volume: 144Mix: 10.82%
Place Specialization
Strong
4
MOState
Volume: 121Mix: 9.09%
Place Specialization
Strong
5
TXState
Volume: 159Mix: 11.95%
Place Specialization
Strong
6
KSState
Volume: 24Mix: 1.80%
Place Specialization
Sound
7
MSState
Volume: 13Mix: 0.98%
Place Specialization
Sound
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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