First Savings Bank Of Hegewisch Mortgage Rates, Fees & Info
Chicago, ILLEI: 2549008F85XOERURYW13
Tax ID: 36-1204965
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Mortgage Data
Bank Data
Review & Overview
First Savings Bank Of Hegewisch is a smaller bank specializing in Refi and Home Purchase loans. First Savings Bank Of Hegewisch has a high proportion of conventional loans. Their top (well, only) market is Chicago.First Savings Bank Of Hegewisch 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.62% | 4/21/24 |
| 30 Year Conventional Refi | 5.64% | 4/21/24 |
| 15 Year Conventional Purchase | 5.21% | 4/21/24 |
| 15 Year Conventional Refi | 5.35% | 4/21/24 |
| 15 Year Cash-out Refi | 5.35% | 4/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
First Savings Bank Of Hegewisch Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
198Origination Dollar Volume (All Markets)
$34,060,000Employee count
116Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 198 | $34,060,000 | $172,020 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against First Savings Bank of Hegewisch based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 198 | $34,060,000 | $172,020 | $0 | 0.00% |
For 2019, First Savings Bank Of Hegewisch's most frequently originated type of loan was Conventional, with 198 originations.
Loan Reason
For 2019, First Savings Bank Of Hegewisch's most frequently cited loan purpose was Refi, with 119 originations. The 2nd most popular reason was Home Purchase, with 62 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 198 | $34,060,000 | $172,020 | $0 | 0.00% |
For 2019, First Savings Bank Of Hegewisch's most frequently cited loan duration was Other, with 198 originations.
Loan Sizing
2019 saw First Savings Bank Of Hegewisch place emphasis on $100k-200k loans with 85 originations, totaling $12,585,000 in origination value.
Applicant Income
First Savings Bank Of Hegewisch lent most frequently to those with incomes in the $100k-150k range, with 47 originations. The second most popular income band? $50k-75k, with 47 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 198 | $34,060,000 | $172,020 | $0 | 0.00% |
First Savings Bank Of Hegewisch lent most frequently to those with DTI ratios of Exempt%, with 198 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.51%
First Savings Bank Of Hegewisch has an average approval rate.
Pick Rate
Approvals leading to origination52.53%
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 |
|---|---|---|---|
| Exempt | 198 | $34,060,000 | $172,020 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 198 | $34,060,000 | $172,020 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| 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 | Trouble during payment process | 2 | 13.3% |
| FIRST HORIZON BANK | FHA mortgage | Struggling to pay mortgage | 1 | 6.7% |
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 | $15,159 |
| First Savings Bank of Hegewisch | 10395 West Lincoln Highway Frankfort, IL 60423 | Full Service B&M | $17,391 |
| First Savings Bank of Hegewisch | 10865 Parrish Avenue Saint John, IN 46373 | Full Service B&M | $6,493 |
| First Savings Bank of Hegewisch | 1100 East Sibley Boulevard Calumet City, IL 60409 | Full Service B&M | $58,307 |
| First Savings Bank of Hegewisch | 11601 Avenue O Chicago, IL 60617 | Full Service B&M | $47,560 |
| First Savings Bank of Hegewisch | 13220 South Baltimore Avenue Chicago, IL 60633 | Full Service B&M | $113,395 |
| First Savings Bank of Hegewisch | 1351 East South Street Crown Point, IN 46307 | Full Service B&M | $8,823 |
| First Savings Bank of Hegewisch | 17501 80th Avenue Tinley Park, IL 60477 | Full Service B&M | $61,357 |
| First Savings Bank of Hegewisch | 18200 S Halsted Homewood, IL 60430 | Full Service B&M | $21,341 |
| First Savings Bank of Hegewisch | 18207 Burnham Avenue Lansing, IL 60438 | Full Service B&M | $96,092 |
| First Savings Bank of Hegewisch | 2351 Glenwood Dyer Road Lynwood, IL 60411 | Full Service B&M | $27,656 |
| First Savings Bank of Hegewisch | 4920 W 159th Street Oak Forest, IL 60452 | Full Service B&M | $7,009 |
| First Savings Bank of Hegewisch | 7048 Kennedy Avenue Hammond, IN 46323 | Full Service B&M | $22,980 |
| First Savings Bank of Hegewisch | 734 Main Street Dyer, IN 46311 | Full Service B&M | $50,284 |
For 2019, First Savings Bank Of Hegewisch had 14 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $21,123 |
| Net interest income | $15,716 |
| Total noninterest income | $1,420 |
| Gross Fiduciary activities income | $10 |
| Service charges on deposit accounts | $346 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,064 |
| Pre-tax net operating income | $3,891 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $2,892 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $2,892 |
| Minority interest net income | $0 |
| Net income | $2,892 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $2,892 |
First Savings Bank Of Hegewisch's gross interest income from loans was $21,123,000.
First Savings Bank Of Hegewisch's net interest income from loans was $15,716,000.
First Savings Bank Of Hegewisch's fee based income from loans was $346,000.
First Savings Bank Of Hegewisch's net income from loans was $2,892,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $5,407 |
| Provision for credit losses | $204 |
| Total noninterest expense | $13,041 |
| Salaries and employee benefits | $6,931 |
| Premises and equipment expense | $2,364 |
| Additional noninterest expense | $3,746 |
| Applicable income taxes | $999 |
| Net charge-offs | $152 |
| Cash dividends | $0 |
First Savings Bank Of Hegewisch's interest expense for loans was $5,407,000.
First Savings Bank Of Hegewisch's payroll and benefits expense were $6,931,000.
First Savings Bank Of Hegewisch's property, plant and equipment expenses $2,364,000.
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 | $567,961 |
| Deposits held in domestic offices | $567,961 |
| Deposits by Individuals, partnerships, and corporations | $558,418 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $9,543 |
| 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 | $99,573 |
| Demand deposits | $49,225 |
| Nontransaction accounts | $468,388 |
| Money market deposit accounts (MMDAs) | $38,627 |
| Other savings deposits (excluding MMDAs) | $140,637 |
| Total time deposits | $289,123 |
| Total time and savings deposits | $518,736 |
| Noninterest-bearing deposits | $49,225 |
| Interest-bearing deposits | $518,736 |
| Retail deposits | $530,453 |
| IRAs and Keogh plan accounts | $53,138 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $679,428 |
| Cash & Balances due from depository institutions | $118,055 |
| Interest-bearing balances | $115,085 |
| Total securities | $207,341 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $331,486 |
| Loan and leases loss allowance | $1,690 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $14,075 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $1,127 |
| All other assets | $7,344 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $679,428 |
| Total Liabilities | $570,291 |
| Total deposits | $567,961 |
| Interest-bearing deposits | $518,736 |
| Deposits held in domestic offices | $567,961 |
| % insured (estimated) | $95 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $2,330 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $331,486 |
| Loan and leases loss allowance | $1,690 |
| Total loans and leases (domestic) | $333,176 |
| All real estate loans | $332,465 |
| Real estate loans in domestic offices | $332,465 |
| 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 | $1,715 |
| Nonfarm nonresidential secured by owner-occupied properties | $123 |
| Commercial real estate & other non-farm, non-residential | $1,592 |
| Multifamily residential real estate | $3,436 |
| 1-4 family residential loans | $327,314 |
| 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 | $696 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $463 |
| Other loans to individuals | $233 |
| All other loans & leases | $16 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $16 |
| 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 | $46 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
First Savings Bank of Hegewisch had $331,486,000 of loans outstanding in 2019. $332,465,000 of loans were in real estate loans. $0 of loans were in development loans. $3,436,000 of loans were in multifamily mortgage loans. $327,314,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $463,000 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 | 2 | $125 | $62,500 |
| Nonfarm, nonresidential loans - <$100k | 1 | $42 | $42,000 |
| Nonfarm, nonresidential loans - $250k-1MM | 1 | $83 | $83,000 |