First Federal Savings Bank Of Twin Falls Mortgage Rates, Fees & Info

Twin Falls, ID

LEI: 254900SUM1U8US3D2Z03

Tax ID: 82-0172244

4 stars - out of 5 stars, based on 46 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

First Federal Savings Bank Of Twin Falls is a smaller bank specializing in Home Purchase and Cash Out Refi loans. First Federal Savings Bank Of Twin Falls has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Twin Falls, Boise City, Burley, Hailey, and Mountain Home among others. First Federal Savings Bank Of Twin Falls 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 Federal Savings Bank Of Twin Falls is typically an average fee lendor.


Originations

2,119

Origination Dollar Volume (All Markets)

$529,855,000

Employee count

282

Awards

First Federal Savings Bank of Twin Falls VA Loans silver
Show all (1) awards

Relative Rate

First Federal Savings Bank Of Twin Falls's average 30 year fixed rate mortgage of loans were 3.19%.

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

This yields a difference of 0.04%.

Relative Fees

First Federal Savings Bank Of Twin Falls's average total fees for a 30 year fixed rate mortgage are $5,566.

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
TWIN FALLS, ID (FHA|USDA|VA) 1,193 $259,635,000 $217,632 $4,594 3.29%
BOISE CITY, ID (FHA|USDA|VA) 353 $143,315,000 $405,992 $8,063 3.29%
Burley, ID (FHA|USDA|VA) 408 $80,780,000 $197,990 $4,729 3.35%
Outside of Metro Areas 111 $29,035,000 $261,577 $5,325 3.32%
Hailey, ID (FHA|USDA|VA) 14 $4,940,000 $352,857 $7,748 3.59%
Mountain Home, ID (FHA|USDA|VA) 10 $3,310,000 $331,000 $8,322 3.60%
ST. GEORGE, UT (FHA|USDA|VA) 4 $1,770,000 $442,500 $4,426 3.25%
Rexburg, ID (FHA|USDA|VA) 5 $1,665,000 $333,000 $8,468 3.67%
POCATELLO, ID (FHA|USDA|VA) 9 $1,565,000 $173,889 $3,734 3.50%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $1,060,000 $530,000 $8,382 3.75%
Blackfoot, ID (FHA|USDA|VA) 3 $735,000 $245,000 $6,076 3.21%
Ontario, OR-ID (FHA|USDA|VA) 2 $560,000 $280,000 $4,423 3.06%
PROVO-OREM, UT (FHA|USDA|VA) 1 $355,000 $355,000 $6,583 2.88%
LEWISTON, ID-WA (FHA|USDA|VA) 1 $355,000 $355,000 $5,931 3.50%
Outside of Metro Areas 1 $295,000 $295,000 $4,974 3.38%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $295,000 $295,000 $6,439 2.99%
Jackson, WY-ID (FHA|USDA|VA) 1 $185,000 $185,000 $4,639 2.13%

First Federal Savings Bank Of Twin Falls's top markets include Twin Falls, Boise City, Burley, Hailey, and Mountain Home among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,067 $515,685,000 $249,485 $5,143 3.32%
FHA 24 $5,490,000 $228,750 $9,685 2.85%
VA 20 $7,060,000 $353,000 $8,905 2.50%
USDA 8 $1,620,000 $202,500 $7,591 2.59%

For the 2021 period, First Federal Savings Bank Of Twin Falls's most frequently originated loan type of loans were Conventional, with 2,067 originations. Their 2nd most popular type is FHA, with 24 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 745 $269,565,000 $361,832 $7,735 3.24%
Cash Out Refi 689 $145,625,000 $211,357 $4,048 3.22%
Refi 392 $86,760,000 $221,327 $4,071 2.82%
Home Improvement 167 $13,055,000 $78,174 $788 4.26%
Other 126 $14,850,000 $117,857 $520 4.47%

For the 2021, First Federal Savings Bank Of Twin Falls's most frequently cited loan purpose of loans were Home Purchase, with 745 originations. The 2nd most popular reason of loans were Cash Out Refi, with 689 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 916 $260,250,000 $284,116 $5,566 3.19%
15 Year 338 $64,080,000 $189,586 $4,181 2.66%
20 Year 241 $33,755,000 $140,062 $4,034 3.78%
10 Year 225 $28,195,000 $125,311 $1,237 3.58%
30+ year 210 $115,840,000 $551,619 $11,051 3.32%
Other 171 $24,645,000 $144,123 $2,088 4.06%
5 Year 8 $220,000 $27,500 $308 4.22%
1 Year 5 $1,335,000 $267,000 $0 4.65%
3 Year 5 $1,535,000 $307,000 $309 4.39%

For the 2021, First Federal Savings Bank Of Twin Falls's most frequently cited loan length of loans were 30 Year, with 916 originations. The 2nd most popular length of loans were 15 Year, with 338 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$2k-3k 369 $75,135,000 $203,618
$<1k 367 $60,475,000 $164,782
$3k-4k 346 $103,160,000 $298,150
$1k-2k 345 $59,115,000 $171,348
$5k+ 286 $167,060,000 $584,126

$5,566 of loans were First Federal Savings Bank Of Twin Falls's average total fees, while their most frequently occuring range of origination fees were in the $2k-3k bucket, with 369 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 905 $254,935,000 $281,696
2.5-3% 527 $144,635,000 $274,450
<2.5% 404 $89,660,000 $221,931
4-5% 183 $31,235,000 $170,683
5-6% 52 $5,930,000 $114,038
6-7% 25 $1,585,000 $63,400
7-8% 13 $705,000 $54,231
Over 8% 8 $470,000 $58,750

During 2021, First Federal Savings Bank Of Twin Falls's average interest rate of loans were 3.19%, while their most frequently originated rate bucket of loans were 3-4%, with 905 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 732 $205,340,000 $280,519 $5,533 3.10%
$100k-200k 590 $87,190,000 $147,780 $3,623 3.16%
$100,000 or less 440 $24,550,000 $55,795 $1,495 3.95%
$400k-600k 254 $121,610,000 $478,780 $8,282 3.13%
$600k-1MM 78 $59,000,000 $756,410 $13,579 3.41%
$1MM+ 25 $32,165,000 $1,286,600 $19,052 3.09%

2021 saw First Federal Savings Bank Of Twin Falls place emphasis on $200k-400k loans with 732 originations, totaling $205,340,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 485 $86,065,000 $177,454 $4,357 3.29%
$100k-150k 421 $118,085,000 $280,487 $6,053 3.33%
$75k-100k 381 $87,325,000 $229,199 $5,025 3.34%
$50k or less 349 $45,155,000 $129,384 $3,545 3.21%
$150k-250k 256 $96,590,000 $377,305 $7,690 3.34%
$250k+ 124 $69,610,000 $561,371 $10,193 3.18%

First Federal Savings Bank Of Twin Falls lent most frequently to those with incomes in the $50k-75k range, with 485 originations. The second most popular income band? $100k-150k, with 421 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 497 $109,285,000 $219,889 $4,433 3.14%
30-36% 415 $102,765,000 $247,627 $5,017 3.31%
<20% 187 $39,675,000 $212,166 $4,375 3.01%
44% 106 $29,340,000 $276,792 $6,721 3.37%
43% 92 $22,540,000 $245,000 $5,824 3.45%
41% 85 $20,975,000 $246,765 $5,681 3.28%
38% 82 $23,500,000 $286,585 $6,106 3.31%
36% 81 $21,855,000 $269,815 $5,843 3.33%
42% 80 $20,550,000 $256,875 $5,949 3.40%
40% 77 $14,755,000 $191,623 $4,541 3.67%
39% 70 $16,930,000 $241,857 $4,946 3.82%
45% 60 $18,970,000 $316,167 $6,823 3.49%
37% 60 $14,430,000 $240,500 $5,750 3.23%
48% 57 $17,755,000 $311,491 $6,588 3.14%
46% 48 $15,090,000 $314,375 $5,756 3.31%
49% 34 $11,440,000 $336,471 $6,587 3.25%
47% 33 $11,375,000 $344,697 $7,117 3.45%
50-60% 16 $3,940,000 $246,250 $5,641 4.15%
>60% 2 $330,000 $165,000 $0 4.85%

First Federal Savings Bank Of Twin Falls lent most frequently to those with DTI ratios of 20-30%, with 497 originations. The next most common DTI ratio? 30-36%, with 415 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,902 $461,900,000 $242,850 $5,153 3.29%
Not provided 160 $48,060,000 $300,375 $6,373 3.36%
Not applicable 22 $9,550,000 $434,091 $0 4.34%
Asian 17 $4,595,000 $270,294 $6,956 3.54%
Black 7 $1,755,000 $250,714 $6,018 3.29%
Japanese 3 $1,735,000 $578,333 $14,196 3.58%
American Indian 5 $1,555,000 $311,000 $6,509 3.22%
Filipino 1 $345,000 $345,000 $7,423 2.88%
Korean 1 $235,000 $235,000 $6,146 3.63%
Asian Indian 1 $125,000 $125,000 $4,087 3.13%

Approval Rates

Total approvals of all applications
90.57%

First Federal Savings Bank Of Twin Falls has an average approval rate.

Pick Rate

Approvals leading to origination
70.28%

First Federal Savings Bank Of Twin Falls has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
0.0 3 $395,000 $131,667
NA 2,116 $529,460,000 $250,217

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,119 $529,855,000 $250,050

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 314 $44,200,000 $140,764 $3,046 3.29%
40-60% 467 $105,915,000 $226,799 $4,352 2.97%
60-80% 708 $224,670,000 $317,331 $5,943 3.22%
80-100% 366 $135,430,000 $370,027 $7,586 3.15%
Over 100% 14 $6,940,000 $495,714 $16,959 3.56%
Under 20% 249 $12,225,000 $49,096 $729 4.45%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
FIRST NATIONAL BANK OF OMAHA FHA mortgage Improper use of your report 1 25.0%
FIRST NATIONAL BANK OF OMAHA Other type of mortgage Struggling to pay mortgage 1 25.0%
FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Trouble during payment process 1 25.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
First Federal Savings Bank of Twin Falls 1880 South Eagle Road Meridian, ID 83642 Full Service B&M $81,303
First Federal Savings Bank of Twin Falls 1095 East Main Street Burley, ID 83318 Full Service B&M $61,313
First Federal Savings Bank of Twin Falls 110 Falls Avenue Twin Falls, ID 83301 Full Service B&M $51,652
First Federal Savings Bank of Twin Falls 123 Broadway Avenue North Buhl, ID 83316 Full Service B&M $53,576
First Federal Savings Bank of Twin Falls 148 Eastland Drive Twin Falls, ID 83301 Full Service B&M $54,518
First Federal Savings Bank of Twin Falls 1515 South Lincoln Street Jerome, ID 83338 Full Service B&M $44,210
First Federal Savings Bank of Twin Falls 2059 Overland Avenue Burley, ID 83318 Full Service B&M $85,714
First Federal Savings Bank of Twin Falls 22349 Kimberly Rd Kimberly, ID 83341 Full Service B&M $56,769
First Federal Savings Bank of Twin Falls 383 Shoshone Street North Twin Falls, ID 83303 Full Service B&M $260,207
First Federal Savings Bank of Twin Falls 476 Cheney Dr W, Suite 120 Twin Falls, ID 83301 Full Service B&M $31,319
First Federal Savings Bank of Twin Falls 6351 N. Fox Run Way Meridian, ID 83646 Full Service B&M $375
First Federal Savings Bank of Twin Falls 701 7th Street Rupert, ID 83350 Full Service B&M $85,354
First Federal Savings Bank of Twin Falls 886 Blue Lakes Boulevard North Twin Falls, ID 83301 Full Service B&M $119,917

For 2021, First Federal Savings Bank Of Twin Falls had 13 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $40,486
Net interest income $38,871
Total noninterest income $16,272
Gross Fiduciary activities income $0
Service charges on deposit accounts $1,864
Trading account gains and fees $0
Additional Noninterest Income $14,408
Pre-tax net operating income $13,942
Securities gains (or losses, -) $27
Income before extraordinary items $10,421
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $10,421
Minority interest net income $0
Net income $10,421
Sale, conversion, retirement of capital stock, net $0
Net operating income $10,399

First Federal Savings Bank Of Twin Falls's gross interest income from loans was $40,486,000.
First Federal Savings Bank Of Twin Falls's net interest income from loans was $38,871,000.
First Federal Savings Bank Of Twin Falls's fee based income from loans was $1,864,000.
First Federal Savings Bank Of Twin Falls's net income from loans was $10,421,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $1,615
Provision for credit losses $951
Total noninterest expense $40,250
Salaries and employee benefits $26,564
Premises and equipment expense $5,369
Additional noninterest expense $8,317
Applicable income taxes $3,548
Net charge-offs $-49
Cash dividends $0

First Federal Savings Bank Of Twin Falls's interest expense for loans was $1,615,000.
First Federal Savings Bank Of Twin Falls's payroll and benefits expense were $26,564,000.
First Federal Savings Bank Of Twin Falls's property, plant and equipment expenses $5,369,000.

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 $1,131,737
Deposits held in domestic offices $1,131,737
Deposits by Individuals, partnerships, and corporations $1,101,713
Deposits by U.S. Government $14
Deposits by States and political subdivisions in the U.S. $30,010
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 $612,306
Demand deposits $612,306
Nontransaction accounts $519,431
Money market deposit accounts (MMDAs) $113,423
Other savings deposits (excluding MMDAs) $313,435
Total time deposits $92,572
Total time and savings deposits $519,431
Noninterest-bearing deposits $349,457
Interest-bearing deposits $782,280
Retail deposits $1,118,036
IRAs and Keogh plan accounts $29,985
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,253,042
Cash & Balances due from depository institutions $234,433
Interest-bearing balances $221,915
Total securities $242,594
Federal funds sold & reverse repurchase $0
Net loans and leases $730,659
Loan and leases loss allowance $7,001
Trading account assets $0
Bank premises and fixed assets $23,739
Other real estate owned $0
Goodwill and other intangibles $4,652
All other assets $16,965

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,253,042
Total Liabilities $1,150,279
Total deposits $1,131,737
Interest-bearing deposits $782,280
Deposits held in domestic offices $1,131,737
% insured (estimated) $71
Federal funds purchased and repurchase agreements $11,247
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $7,295

Issued Loan Types

Type Value (in 000's)
Net loans and leases $730,659
Loan and leases loss allowance $7,001
Total loans and leases (domestic) $737,660
All real estate loans $665,680
Real estate loans in domestic offices $665,680
Construction and development loans $132,938
Residential 1-4 family construction $83,131
Other construction, all land development and other land $49,807
Loans secured by nonfarm nonresidential properties $168,410
Nonfarm nonresidential secured by owner-occupied properties $44,806
Commercial real estate & other non-farm, non-residential $123,604
Multifamily residential real estate $7,966
1-4 family residential loans $356,366
Farmland loans $0
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $42,042
To non-U.S. addressees $0
Loans to individuals $30,425
Credit card loans $0
Related Plans $503
Consumer Auto Loans $23,798
Other loans to individuals $6,124
All other loans & leases $2,176
Loans to foreign governments and official institutions $0
Other loans $2,176
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $374
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $217
Non 1-4 family restructured loans & leases $163
Total loans and leases (foreign) $0

First Federal Savings Bank of Twin Falls had $730,659,000 of loans outstanding in 2021. $665,680,000 of loans were in real estate loans. $132,938,000 of loans were in development loans. $7,966,000 of loans were in multifamily mortgage loans. $356,366,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $23,798,000 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 319 $78,512 $246,119
Nonfarm, nonresidential loans - <$100k 69 $3,464 $50,203
Nonfarm, nonresidential loans - $100-250k 106 $14,101 $133,028
Nonfarm, nonresidential loans - $250k-1MM 144 $60,947 $423,243
Commercial & Industrial, US addressed loans - <$1MM 604 $34,912 $57,801
Commercial & Industrial, US addressed loans - <$100k 485 $12,133 $25,016
Commercial & Industrial, US addressed loans - $100-250k 69 $6,858 $99,391
Commercial & Industrial, US addressed loans - $250k-1MM 50 $15,921 $318,420