First Savings Bank Mortgage Rates, Fees & Info
Beresford, SDLEI: 254900PHRI1MCM69UM20
Tax ID: 46-0403712
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Mortgage Data
Bank Data
Review & Overview
First Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. First Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Sioux Falls, Las Vegas, El Paso, and Los Angeles among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)First Savings 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
74Origination Dollar Volume (All Markets)
$16,020,000Employee count
179Top 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 |
|---|---|---|---|---|---|
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 15 | $4,405,000 | $293,667 | $0 | 0.00% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 11 | $2,915,000 | $265,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 9 | $2,695,000 | $299,444 | $0 | 0.00% |
| EL PASO, TX (FHA|USDA|VA) | 5 | $1,565,000 | $313,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $1,075,000 | $1,075,000 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $880,000 | $88,000 | $0 | 0.00% |
| Alamogordo, NM (FHA|USDA|VA) | 7 | $635,000 | $90,714 | $0 | 0.00% |
| Mitchell, SD (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 4 | $420,000 | $105,000 | $0 | 0.00% |
| LAS CRUCES, NM (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $0 | 0.00% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Deming, NM (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
| RENO, NV (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Silver City, NM (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Aberdeen, SD (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 74 | $16,020,000 | $216,486 | $0 | 0.00% |
For 2019, First Savings Bank's most frequently originated type of loan was Conventional, with 74 originations.
Loan Reason
For 2019, First Savings Bank's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Refi, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 74 | $16,020,000 | $216,486 | $0 | 0.00% |
For 2019, First Savings Bank's most frequently cited loan duration was Other, with 74 originations.
Loan Sizing
2019 saw First Savings Bank place emphasis on $100k-200k loans with 29 originations, totaling $4,245,000 in origination value.
Applicant Income
First Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 12 originations. The second most popular income band? $50k or less, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 74 | $16,020,000 | $216,486 | $0 | 0.00% |
First Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 74 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.92%
First Savings Bank has a below average approval rate.
Pick Rate
Approvals leading to origination64.86%
First Savings 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 | 74 | $16,020,000 | $216,486 |
Occupancy Type Mix
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 | Other type of mortgage | Trouble during payment process | 1 | 6.7% |
| FIRST HORIZON BANK | VA mortgage | Closing on a mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 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% |
| FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 1 | 6.7% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First Savings Bank | 1031 Acoma Blvd South Lake Havasu City, AZ 86406 | Full Service B&M | $25,509 |
| First Savings Bank | 118 Main Street Bristol, SD 57219 | Full Service B&M | $11,677 |
| First Savings Bank | 1221 North Hudson Silver City, NM 88061 | Full Service B&M | $20,991 |
| First Savings Bank | 123 Main Street Veblen, SD 57270 | Full Service B&M | $6,600 |
| First Savings Bank | 1700 West Horizon Ridge Parkway, Suite 101 Henderson, NV 89012 | Full Service B&M | $107,846 |
| First Savings Bank | 1701 Saul Klenfield El Paso, TX 79936 | Full Service B&M | $8,946 |
| First Savings Bank | 201 North Third Street Beresford, SD 57004 | Full Service B&M | $75,710 |
| First Savings Bank | 201 Saint Francis Drive Tularosa, NM 88352 | Full Service B&M | $3,332 |
| First Savings Bank | 211 Main Street Hecla, SD 57446 | Full Service B&M | $11,435 |
| First Savings Bank | 2713 Sudderth Ruidoso, NM 88345 | Full Service B&M | $40,144 |
| First Savings Bank | 2804 North Telshore Las Cruces, NM 88001 | Full Service B&M | $15,016 |
| First Savings Bank | 305 N Main Ave Parker, SD 57053 | Full Service B&M | $12,256 |
| First Savings Bank | 3540 South 84th Street Omaha, NE 68124 | Full Service B&M | $12,276 |
| First Savings Bank | 5 East Maple Street Sisseton, SD 57262 | Full Service B&M | $45,243 |
| First Savings Bank | 500 Ninth Street Alamogordo, NM 88310 | Full Service B&M | $59,074 |
| First Savings Bank | 520 South Gold Deming, NM 88030 | Full Service B&M | $42,357 |
| First Savings Bank | 525 Main Street Waubay, SD 57273 | Full Service B&M | $9,542 |
| First Savings Bank | 5430 Doniphan Drive, Suite B El Paso, TX 79932 | Full Service B&M | $6,322 |
| First Savings Bank | 5800 S Western Avenue Sioux Falls, SD 57108 | Full Service B&M | $14,828 |
| First Savings Bank | 600 Main Street Britton, SD 57430 | Full Service B&M | $69,056 |
| First Savings Bank | 803 West Pipestone Ave Flandreau, SD 57028 | Full Service B&M | $10,992 |
| First Savings Bank | 825 8th Street Springfield, SD 57062 | Full Service B&M | $14,366 |
| First Savings Bank | 909 North Mesa El Paso, TX 79902 | Full Service B&M | $30,818 |
| First Savings Bank | 915 N. Date St Truth Or Consequences, NM 87901 | Full Service B&M | $40,594 |
For 2019, First Savings Bank had 24 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $76,005 |
| Net interest income | $72,566 |
| Total noninterest income | $24,737 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $2,013 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $22,724 |
| Pre-tax net operating income | $23,323 |
| Securities gains (or losses, -) | $244 |
| Income before extraordinary items | $18,264 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $18,264 |
| Minority interest net income | $0 |
| Net income | $18,264 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $18,071 |
First Savings Bank's gross interest income from loans was $76,005,000.
First Savings Bank's net interest income from loans was $72,566,000.
First Savings Bank's fee based income from loans was $2,013,000.
First Savings Bank's net income from loans was $18,264,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,439 |
| Provision for credit losses | $31,182 |
| Total noninterest expense | $42,798 |
| Salaries and employee benefits | $13,093 |
| Premises and equipment expense | $2,313 |
| Additional noninterest expense | $27,392 |
| Applicable income taxes | $5,303 |
| Net charge-offs | $28,066 |
| Cash dividends | $14,000 |
First Savings Bank's interest expense for loans was $3,439,000.
First Savings Bank's payroll and benefits expense were $13,093,000.
First Savings Bank's property, plant and equipment expenses $2,313,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| 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 | 3.0% |
| All other family | 1.0% |
| Commercial & industrial loans | 3.0% |
| Personal loans | 2.0% |
| Credit card loans | 2.7% |
| 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 | $713,379 |
| Deposits held in domestic offices | $713,379 |
| Deposits by Individuals, partnerships, and corporations | $624,297 |
| Deposits by U.S. Government | $4 |
| Deposits by States and political subdivisions in the U.S. | $89,031 |
| Deposits by Commercial banks and other depository institutions in U.S. | $47 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $58,403 |
| Demand deposits | $13,922 |
| Nontransaction accounts | $654,976 |
| Money market deposit accounts (MMDAs) | $142,369 |
| Other savings deposits (excluding MMDAs) | $376,976 |
| Total time deposits | $135,631 |
| Total time and savings deposits | $699,457 |
| Noninterest-bearing deposits | $175,645 |
| Interest-bearing deposits | $537,734 |
| Retail deposits | $676,274 |
| IRAs and Keogh plan accounts | $40,368 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $869,677 |
| Cash & Balances due from depository institutions | $75,267 |
| Interest-bearing balances | $63,235 |
| Total securities | $123,068 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $624,968 |
| Loan and leases loss allowance | $42,929 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $20,659 |
| Other real estate owned | $1,800 |
| Goodwill and other intangibles | $7,696 |
| All other assets | $16,219 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $869,677 |
| Total Liabilities | $728,044 |
| Total deposits | $713,379 |
| Interest-bearing deposits | $537,734 |
| Deposits held in domestic offices | $713,379 |
| % insured (estimated) | $72 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $14,665 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $624,968 |
| Loan and leases loss allowance | $42,929 |
| Total loans and leases (domestic) | $667,897 |
| All real estate loans | $479,417 |
| Real estate loans in domestic offices | $479,417 |
| Construction and development loans | $27,851 |
| Residential 1-4 family construction | $2,702 |
| Other construction, all land development and other land | $25,149 |
| Loans secured by nonfarm nonresidential properties | $295,719 |
| Nonfarm nonresidential secured by owner-occupied properties | $47,096 |
| Commercial real estate & other non-farm, non-residential | $248,623 |
| Multifamily residential real estate | $45,814 |
| 1-4 family residential loans | $73,854 |
| Farmland loans | $36,179 |
| Loans held in foreign offices | $0 |
| Farm loans | $29,456 |
| Commercial and industrial loans | $16,505 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $142,001 |
| Credit card loans | $134,581 |
| Related Plans | $122 |
| Consumer Auto Loans | $2,736 |
| Other loans to individuals | $4,562 |
| All other loans & leases | $519 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $201 |
| 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 | $1,872 |
| Non 1-4 family restructured loans & leases | $1,872 |
| Total loans and leases (foreign) | $0 |
First Savings Bank had $624,968,000 of loans outstanding in 2019. $479,417,000 of loans were in real estate loans. $27,851,000 of loans were in development loans. $45,814,000 of loans were in multifamily mortgage loans. $73,854,000 of loans were in 1-4 family mortgage loans. $29,456,000 of loans were in farm loans. $134,581,000 of loans were in credit card loans. $2,736,000 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 | 422 | $112,684 | $267,024 |
| Nonfarm, nonresidential loans - <$100k | 86 | $3,487 | $40,547 |
| Nonfarm, nonresidential loans - $100-250k | 136 | $18,835 | $138,493 |
| Nonfarm, nonresidential loans - $250k-1MM | 200 | $90,362 | $451,810 |
| Commercial & Industrial, US addressed loans - <$1MM | 195 | $11,556 | $59,262 |
| Commercial & Industrial, US addressed loans - <$100k | 142 | $3,487 | $24,556 |
| Commercial & Industrial, US addressed loans - $100-250k | 38 | $4,317 | $113,605 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 15 | $3,752 | $250,133 |
| Farmland loans - <$1MM | 151 | $19,289 | $127,742 |
| Farmland loans - <$100k | 49 | $1,887 | $38,510 |
| Farmland loans - $100-250k | 67 | $8,321 | $124,194 |
| Farmland loans - $250k-1MM | 35 | $9,081 | $259,457 |
| Agriculture operations loans - <$1MM | 330 | $22,234 | $67,376 |
| Agriculture operations loans - <$100k | 236 | $6,136 | $26,000 |
| Agriculture operations loans - $100-250k | 57 | $6,809 | $119,456 |
| Agriculture operations loans - $250k-1MM | 37 | $9,289 | $251,054 |