First Savings Bank Of Hegewisch Mortgage Rates, Fees & Info

Chicago, IL

LEI: 2549008F85XOERURYW13

Tax ID: 36-1204965

5 stars - out of 5 stars, based on 25 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

First Savings Bank Of Hegewisch is a smaller bank specializing in Refi loans. First Savings Bank Of Hegewisch has a high proportion of conventional loans. Their top markets include Chicago, Kankakee, and Michigan City among others. First Savings Bank Of Hegewisch has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. First Savings Bank Of Hegewisch is typically a low fee lendor.


Originations

640

Origination Dollar Volume (All Markets)

$149,000,000

Employee count

100

Awards

First Savings Bank of Hegewisch 30 Year Conventional Loans gold First Savings Bank of Hegewisch 30 Year Conventional Loans gold First Savings Bank of Hegewisch 30 Year Conventional Loans gold First Savings Bank of Hegewisch 30 Year Conventional Loans gold
Show all (4) awards

Relative Rate

First Savings Bank Of Hegewisch's average 30 year fixed rate mortgage of loans were 2.6%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.55%.

Relative Fees

First Savings Bank Of Hegewisch's average total fees for a 30 year fixed rate mortgage are $2,093.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 638 $148,680,000 $233,041 $1,869 2.41%
KANKAKEE, IL (FHA|USDA|VA) 1 $165,000 $165,000 $1,395 2.60%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $155,000 $155,000 $2,460 2.00%

First Savings Bank Of Hegewisch's top markets include Chicago, Kankakee, and Michigan City among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 640 $149,000,000 $232,813 $1,869 2.41%

For the 2021 period, First Savings Bank Of Hegewisch's most frequently originated loan type of loans were Conventional, with 640 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 557 $129,665,000 $232,792 $1,707 2.40%
Home Purchase 76 $19,040,000 $250,526 $3,176 2.51%
Other 4 $210,000 $52,500 $739 2.45%
Home Improvement 3 $85,000 $28,333 $363 2.55%

For the 2021, First Savings Bank Of Hegewisch's most frequently cited loan purpose of loans were Refi, with 557 originations. The 2nd most popular reason of loans were Home Purchase, with 76 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 262 $77,820,000 $297,023 $2,093 2.60%
15 Year 201 $37,745,000 $187,786 $1,674 2.18%
10 Year 62 $10,310,000 $166,290 $1,720 2.15%
20 Year 60 $12,900,000 $215,000 $1,820 2.52%
Other 50 $10,010,000 $200,200 $1,876 2.56%
5 Year 5 $215,000 $43,000 $358 2.32%

For the 2021, First Savings Bank Of Hegewisch's most frequently cited loan length of loans were 30 Year, with 262 originations. The 2nd most popular length of loans were 15 Year, with 201 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 639 $148,665,000 $232,653
$1k-2k 1 $335,000 $335,000

$2,093 of loans were First Savings Bank Of Hegewisch's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 639 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
<2.5% 323 $59,915,000 $185,495
2.5-3% 317 $89,085,000 $281,025

During 2021, First Savings Bank Of Hegewisch's average interest rate of loans were 2.60%, while their most frequently originated rate bucket of loans were <2.5%, with 323 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 266 $39,990,000 $150,338 $1,880 2.38%
$200k-400k 225 $62,555,000 $278,022 $1,992 2.46%
$100,000 or less 92 $6,510,000 $70,761 $1,442 2.31%
$600k-1MM 30 $22,460,000 $748,667 $1,898 2.50%
$400k-600k 21 $9,905,000 $471,667 $2,233 2.58%
$1MM+ 6 $7,580,000 $1,263,333 $1,936 2.54%

2021 saw First Savings Bank Of Hegewisch place emphasis on $100k-200k loans with 266 originations, totaling $39,990,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 168 $33,340,000 $198,452 $1,885 2.37%
$75k-100k 127 $22,895,000 $180,276 $1,816 2.43%
$50k-75k 116 $16,900,000 $145,690 $1,864 2.43%
$150k-250k 111 $32,535,000 $293,108 $2,029 2.39%
$250k+ 62 $37,680,000 $607,742 $1,767 2.43%
$50k or less 50 $4,920,000 $98,400 $1,833 2.49%

First Savings Bank Of Hegewisch lent most frequently to those with incomes in the $100k-150k range, with 168 originations. The second most popular income band? $75k-100k, with 127 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 260 $60,380,000 $232,231 $1,911 2.43%
<20% 182 $39,350,000 $216,209 $1,752 2.36%
30-36% 103 $27,175,000 $263,835 $1,894 2.40%
41% 22 $5,190,000 $235,909 $1,885 2.51%
36% 17 $4,815,000 $283,235 $2,389 2.48%
40% 15 $2,745,000 $183,000 $1,762 2.48%
37% 14 $3,290,000 $235,000 $1,834 2.43%
38% 13 $2,445,000 $188,077 $2,020 2.37%
39% 11 $3,165,000 $287,727 $1,795 2.55%
42% 1 $135,000 $135,000 $1,523 2.60%
43% 1 $145,000 $145,000 $2,232 2.35%
44% 1 $165,000 $165,000 $1,615 2.55%

First Savings Bank Of Hegewisch lent most frequently to those with DTI ratios of 20-30%, with 260 originations. The next most common DTI ratio? <20%, with 182 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 524 $121,790,000 $232,424 $1,844 2.43%
Not provided 86 $20,380,000 $236,977 $1,990 2.35%
Asian 12 $3,600,000 $300,000 $1,492 2.35%
Black 14 $2,130,000 $152,143 $2,433 2.39%
American Indian 3 $585,000 $195,000 $1,886 2.28%
Asian Indian 1 $515,000 $515,000 $1,541 2.00%

Approval Rates

Total approvals of all applications
92.83%

First Savings Bank Of Hegewisch has an average approval rate.

Pick Rate

Approvals leading to origination
59.67%

First Savings Bank Of Hegewisch 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
NA 640 $149,000,000 $232,813

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
640 $149,000,000 $232,813

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 90 $11,200,000 $124,444 $1,676 2.25%
40-60% 198 $39,820,000 $201,111 $1,756 2.36%
60-80% 270 $78,550,000 $290,926 $1,889 2.48%
80-100% 67 $18,605,000 $277,687 $2,571 2.51%
Under 20% 15 $825,000 $55,000 $1,049 2.34%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
FIRST HORIZON BANK FHA mortgage Closing on a mortgage 1 2.9%
FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 5.9%
FIRST HORIZON BANK Conventional home mortgage Closing on a mortgage 2 5.9%
FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 1 2.9%
FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 10 29.4%
FIRST HORIZON BANK FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.9%
FIRST HORIZON BANK VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.9%
FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 2.9%
FIRST HORIZON BANK Other type of mortgage Closing on a mortgage 2 5.9%
FIRST HORIZON BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 5.9%
FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 6 17.6%
FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 2.9%
FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 5.9%
FIRST HORIZON BANK FHA mortgage Trouble during payment process 2 5.9%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
First Savings Bank of Hegewisch 10249 Indianapolis Boulevard Highland, IN 46322 Full Service B&M $18,541
First Savings Bank of Hegewisch 11601 Avenue O Chicago, IL 60617 Full Service B&M $58,494
First Savings Bank of Hegewisch 13220 South Baltimore Avenue Chicago, IL 60633 Full Service B&M $127,517
First Savings Bank of Hegewisch 1351 East South Street Crown Point, IN 46307 Full Service B&M $12,623
First Savings Bank of Hegewisch 17501 80th Avenue Tinley Park, IL 60477 Full Service B&M $71,329
First Savings Bank of Hegewisch 18200 S Halsted Homewood, IL 60430 Full Service B&M $22,891
First Savings Bank of Hegewisch 18207 Burnham Avenue Lansing, IL 60438 Full Service B&M $114,575
First Savings Bank of Hegewisch 2351 Glenwood Dyer Road Lynwood, IL 60411 Full Service B&M $30,832
First Savings Bank of Hegewisch 4920 W 159th Street Oak Forest, IL 60452 Full Service B&M $9,979
First Savings Bank of Hegewisch 7048 Kennedy Avenue Hammond, IN 46323 Full Service B&M $25,876
First Savings Bank of Hegewisch 734 Main Street Dyer, IN 46311 Full Service B&M $65,465
First Savings Bank of Hegewisch 10395 West Lincoln Highway Frankfort, IL 60423 Full Service B&M $22,630
First Savings Bank of Hegewisch 10865 Parrish Avenue Saint John, IN 46373 Full Service B&M $15,482
First Savings Bank of Hegewisch 1100 East Sibley Boulevard Calumet City, IL 60409 Full Service B&M $64,953

For 2021, First Savings Bank Of Hegewisch had 14 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $16,591
Net interest income $13,787
Total noninterest income $1,512
Gross Fiduciary activities income $13
Service charges on deposit accounts $232
Trading account gains and fees $0
Additional Noninterest Income $1,267
Pre-tax net operating income $2,552
Securities gains (or losses, -) $0
Income before extraordinary items $1,908
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $1,908
Minority interest net income $0
Net income $1,908
Sale, conversion, retirement of capital stock, net $0
Net operating income $1,908

First Savings Bank Of Hegewisch's gross interest income from loans was $16,591,000.
First Savings Bank Of Hegewisch's net interest income from loans was $13,787,000.
First Savings Bank Of Hegewisch's fee based income from loans was $232,000.
First Savings Bank Of Hegewisch's net income from loans was $1,908,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $2,804
Provision for credit losses $0
Total noninterest expense $12,747
Salaries and employee benefits $6,287
Premises and equipment expense $2,446
Additional noninterest expense $4,014
Applicable income taxes $644
Net charge-offs $72
Cash dividends $0

First Savings Bank Of Hegewisch's interest expense for loans was $2,804,000.
First Savings Bank Of Hegewisch's payroll and benefits expense were $6,287,000.
First Savings Bank Of Hegewisch's property, plant and equipment expenses $2,446,000.

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 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 $684,889
Deposits held in domestic offices $684,889
Deposits by Individuals, partnerships, and corporations $673,641
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $11,247
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 $140,737
Demand deposits $73,556
Nontransaction accounts $544,151
Money market deposit accounts (MMDAs) $75,940
Other savings deposits (excluding MMDAs) $189,099
Total time deposits $279,112
Total time and savings deposits $611,332
Noninterest-bearing deposits $73,556
Interest-bearing deposits $611,333
Retail deposits $639,188
IRAs and Keogh plan accounts $55,135
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $799,515
Cash & Balances due from depository institutions $154,418
Interest-bearing balances $150,858
Total securities $219,549
Federal funds sold & reverse repurchase $0
Net loans and leases $404,329
Loan and leases loss allowance $1,796
Trading account assets $0
Bank premises and fixed assets $13,251
Other real estate owned $75
Goodwill and other intangibles $1,016
All other assets $6,877

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $799,515
Total Liabilities $687,201
Total deposits $684,889
Interest-bearing deposits $611,333
Deposits held in domestic offices $684,889
% insured (estimated) $94
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $2,312

Issued Loan Types

Type Value (in 000's)
Net loans and leases $404,329
Loan and leases loss allowance $1,796
Total loans and leases (domestic) $406,125
All real estate loans $405,658
Real estate loans in domestic offices $405,658
Construction and development loans $0
Residential 1-4 family construction $0
Other construction, all land development and other land $0
Loans secured by nonfarm nonresidential properties $1,173
Nonfarm nonresidential secured by owner-occupied properties $113
Commercial real estate & other non-farm, non-residential $1,060
Multifamily residential real estate $2,996
1-4 family residential loans $401,489
Farmland loans $0
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $0
To non-U.S. addressees $0
Loans to individuals $458
Credit card loans $0
Related Plans $0
Consumer Auto Loans $261
Other loans to individuals $197
All other loans & leases $9
Loans to foreign governments and official institutions $0
Other loans $9
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 $84
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

First Savings Bank of Hegewisch had $404,329,000 of loans outstanding in 2021. $405,658,000 of loans were in real estate loans. $0 of loans were in development loans. $2,996,000 of loans were in multifamily mortgage loans. $401,489,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $261,000 of loans were in the auto loan category.

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan