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

Twin Falls, ID

LEI: 254900SUM1U8US3D2Z03

Tax ID: 82-0172244

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

First Federal Savings Bank Of Twin Falls is a smaller bank specializing in Home Purchase loans. First Federal Savings Bank Of Twin Falls has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Twin Falls, Boise City, Burley, Hailey, and Mountain Home among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Federal Savings Bank Of Twin Falls 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. First Federal Savings Bank Of Twin Falls is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
Home Equity Line of Credit (HELOC)	6.27%	4/22/24
30 Year Conventional Purchase	6.56%	4/22/24
30 Year Conventional Refi	6.54%	4/22/24
30 Year Cash-out Refi	6.68%	4/22/24
30 Year FHA Purchase	7.20%	4/22/24
30 Year FHA Refi	6.27%	4/22/24
30 Year VA Purchase	6.39%	4/22/24
30 Year USDA Purchase	6.65%	4/22/24
15 Year Conventional Purchase	6.76%	4/22/24
15 Year Conventional Refi	6.17%	4/22/24
15 Year Cash-out Refi	6.17%	4/22/24
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 Federal Savings Bank Of Twin Falls Mortgage Calculator

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This is not an official calculator from First Federal Savings Bank Of Twin Falls. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

946

Origination Dollar Volume (All Markets)

$167,450,000

Employee count

247

Awards

First Federal Savings Bank of Twin Falls 30 Year Conventional Loans gold

First Federal Savings Bank of Twin Falls VA Loans gold

First Federal Savings Bank of Twin Falls USDA Loans bronze

Show all (4) awards

Top 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
TWIN FALLS, ID (FHA\|USDA\|VA)	575	$97,625,000	$169,783	$3,793	5.11%
BOISE CITY, ID (FHA\|USDA\|VA)	115	$28,555,000	$248,304	$5,048	5.11%
Burley, ID (FHA\|USDA\|VA)	180	$27,670,000	$153,722	$3,510	5.00%
Outside of Metro Areas	35	$5,575,000	$159,286	$3,856	4.80%
Hailey, ID (FHA\|USDA\|VA)	7	$2,145,000	$306,429	$4,860	4.84%
Mountain Home, ID (FHA\|USDA\|VA)	8	$1,080,000	$135,000	$3,520	4.99%
Rexburg, ID (FHA\|USDA\|VA)	3	$925,000	$308,333	$6,130	4.58%
POCATELLO, ID (FHA\|USDA\|VA)	6	$900,000	$150,000	$5,301	4.81%
IDAHO FALLS, ID (FHA\|USDA\|VA)	4	$700,000	$175,000	$5,813	4.59%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	2	$540,000	$270,000	$4,389	4.31%
Jackson, WY-ID (FHA\|USDA\|VA)	2	$520,000	$260,000	$4,422	4.44%
Blackfoot, ID (FHA\|USDA\|VA)	2	$320,000	$160,000	$3,968	4.38%
ST. GEORGE, UT (FHA\|USDA\|VA)	2	$230,000	$115,000	$2,135	4.50%
Moscow, ID (FHA\|USDA\|VA)	1	$205,000	$205,000	$3,405	4.75%
Sandpoint, ID (FHA\|USDA\|VA)	2	$190,000	$95,000	$1,161	5.63%
Outside of Metro Areas	1	$135,000	$135,000	$3,626	4.50%
LEWISTON, ID-WA (FHA\|USDA\|VA)	1	$135,000	$135,000	$0	4.63%

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

Their top states include:

Idaho (FHA|USDA|VA)

Arizona (FHA|USDA|VA)

Utah (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against First Federal Savings Bank of Twin Falls based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

FIRST MORTGAGE COMPANY, INC.
Similarity Rank: 380

PIONEER
Similarity Rank: 420

Bank of Idaho
Similarity Rank: 483

Idaho Independent Bank
Similarity Rank: 688

Stifel Bank and Trust
Similarity Rank: 1029

CAPITAL EDUCATORS FEDERAL CREDIT UNION
Similarity Rank: 1548

Banner Bank
Similarity Rank: 2080

D. L. Evans Bank
Similarity Rank: 2323

First Federal Savings Bank of Twin Falls
Similarity Rank: 2448

CLEARPATH LENDING
Similarity Rank: 3220

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	889	$157,175,000	$176,800	$3,754	5.10%
USDA	23	$3,575,000	$155,435	$5,485	4.60%
FHA	20	$3,710,000	$185,500	$7,759	4.54%
VA	14	$2,990,000	$213,571	$5,419	4.16%

For 2018, First Federal Savings Bank Of Twin Falls's most frequently originated type of loan was Conventional, with 889 originations. Their 2nd most popular type was USDA, with 23 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	624	$130,490,000	$209,119	$4,833	4.94%
Cash Out Refi	129	$17,725,000	$137,403	$2,811	5.05%
Refi	86	$14,660,000	$170,465	$3,294	4.89%
Home Improvement	63	$2,335,000	$37,063	$271	5.69%
Other	44	$2,240,000	$50,909	$331	6.35%

For 2018, First Federal Savings Bank Of Twin Falls's most frequently cited loan purpose was Home Purchase, with 624 originations. The 2nd most popular reason was Cash Out Refi, with 129 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	515	$99,145,000	$192,515	$4,494	4.86%
10 Year	175	$10,625,000	$60,714	$663	5.61%
30+ year	101	$36,415,000	$360,545	$7,750	4.99%
15 Year	58	$8,790,000	$151,552	$3,085	4.92%
Other	33	$3,125,000	$94,697	$1,587	5.52%
20 Year	28	$3,920,000	$140,000	$3,246	4.65%
1 Year	19	$4,985,000	$262,368	$4,068	6.01%
5 Year	14	$390,000	$27,857	$279	5.44%
3 Year	3	$55,000	$18,333	$321	5.36%

For 2018, First Federal Savings Bank Of Twin Falls's most frequently cited loan duration was 30 Year, with 515 originations. The 2nd most popular length was 10 Year, with 175 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	300	$25,260,000	$84,200
$1k-2k	234	$34,030,000	$145,427
$2k-3k	175	$34,635,000	$197,914
$5k+	69	$32,485,000	$470,797
$3k-4k	65	$17,185,000	$264,385
$4k-5k	53	$16,375,000	$308,962

First Federal Savings Bank Of Twin Falls's average total fees were $4,494, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 300 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	571	$111,145,000	$194,650
5-6%	198	$37,880,000	$191,313
6-7%	81	$8,615,000	$106,358
3-4%	51	$7,255,000	$142,255
7-8%	32	$2,010,000	$62,813
Over 8%	13	$545,000	$41,923

During 2018, First Federal Savings Bank Of Twin Falls's average interest rate for loans was 4.86%, while their most frequently originated rate bucket for loans was 4-5%, with 571 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	341	$50,285,000	$147,463	$3,826	4.85%
$200k-400k	280	$76,640,000	$273,714	$5,694	4.84%
$100,000 or less	275	$12,815,000	$46,600	$1,074	5.57%
$400k-600k	37	$17,125,000	$462,838	$8,391	4.93%
$600k-1MM	9	$6,195,000	$688,333	$11,899	5.18%
$1MM+	4	$4,390,000	$1,097,500	$15,377	4.84%

2018 saw First Federal Savings Bank Of Twin Falls place emphasis on $100k-200k loans with 341 originations, totaling $50,285,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	278	$29,460,000	$105,971	$2,874	5.12%
$50k-75k	246	$38,570,000	$156,789	$3,755	5.05%
$75k-100k	135	$26,145,000	$193,667	$4,380	5.08%
$100k-150k	130	$28,950,000	$222,692	$4,523	5.10%
$150k-250k	73	$20,385,000	$279,247	$5,145	4.84%
$250k+	38	$16,220,000	$426,842	$7,118	4.99%

First Federal Savings Bank Of Twin Falls lent most frequently to those with incomes in the $50k or less range, with 278 originations. The second most popular income band? $50k-75k, with 246 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	178	$27,300,000	$153,371	$3,321	4.98%
30-36%	166	$29,150,000	$175,602	$3,937	5.00%
<20%	63	$10,455,000	$165,952	$3,409	4.77%
44%	49	$10,065,000	$205,408	$4,418	4.93%
42%	43	$7,335,000	$170,581	$3,558	5.09%
37%	39	$6,005,000	$153,974	$3,686	4.87%
41%	38	$5,990,000	$157,632	$3,694	5.14%
38%	38	$8,430,000	$221,842	$4,744	5.10%
45%	37	$6,265,000	$169,324	$3,641	5.21%
40%	37	$5,765,000	$155,811	$3,568	5.45%
43%	35	$6,315,000	$180,429	$4,448	5.10%
36%	33	$7,225,000	$218,939	$4,368	5.32%
47%	31	$5,685,000	$183,387	$4,286	4.98%
39%	30	$4,060,000	$135,333	$3,411	5.17%
46%	29	$5,915,000	$203,966	$4,620	4.95%
48%	27	$6,455,000	$239,074	$5,475	5.10%
49%	21	$5,525,000	$263,095	$5,416	4.95%
50-60%	13	$3,475,000	$267,308	$5,412	5.72%
>60%	3	$235,000	$78,333	$2,110	8.03%

First Federal Savings Bank Of Twin Falls lent most frequently to those with DTI ratios of 20-30%, with 178 originations. The next most common DTI ratio? 30-36%, with 166 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	857	$153,245,000	$178,816	$3,953	5.06%
Not provided	39	$5,135,000	$131,667	$2,531	5.17%
Not applicable	25	$3,925,000	$157,000	$0	5.34%
Asian	13	$2,855,000	$219,615	$4,757	4.80%
American Indian	7	$1,145,000	$163,571	$4,117	4.91%
Black	5	$1,145,000	$229,000	$5,804	5.23%

Approval Rates

Total approvals of all applications
88.43%

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

Pick Rate

Approvals leading to origination
72.20%

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

Points and Fees

Points	Originations	Total Value	Average Loan
NA	946	$167,450,000	$177,008

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	4	$530,000	$132,500
Single Family (1-4 Units):Manufactured	25	$2,415,000	$96,600
Single Family (1-4 Units):Site-Built	917	$164,505,000	$179,395

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	78	$6,410,000	$82,179	$1,364	5.41%
40-60%	81	$13,975,000	$172,531	$3,511	4.90%
60-80%	267	$55,785,000	$208,933	$4,646	4.90%
80-100%	397	$87,185,000	$219,610	$5,061	4.87%
Over 100%	7	$1,525,000	$217,857	$6,152	4.97%
Under 20%	116	$2,570,000	$22,155	$323	5.99%

Complaints

Bank Name	Product	Issue	2018 CPFB Complaints	% of Total Issues
FIRST NATIONAL BANK OF OMAHA	Home equity loan or line of credit (HELOC)	Closing on a mortgage	1	50.0%
FIRST NATIONAL BANK OF OMAHA	Conventional home mortgage	Struggling to pay mortgage	1	50.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
First Federal Savings Bank of Twin Falls	1095 East Main Street Burley, ID 83318	Full Service B&M	$32,401
First Federal Savings Bank of Twin Falls	110 Falls Avenue Twin Falls, ID 83301	Full Service B&M	$34,331
First Federal Savings Bank of Twin Falls	123 Broadway Avenue North Buhl, ID 83316	Full Service B&M	$33,897
First Federal Savings Bank of Twin Falls	148 Eastland Drive Twin Falls, ID 83301	Full Service B&M	$24,755
First Federal Savings Bank of Twin Falls	1515 South Lincoln Street Jerome, ID 83338	Full Service B&M	$25,051
First Federal Savings Bank of Twin Falls	2059 Overland Avenue Burley, ID 83318	Full Service B&M	$58,168
First Federal Savings Bank of Twin Falls	22349 Kimberly Rd Kimberly, ID 83341	Full Service B&M	$32,872
First Federal Savings Bank of Twin Falls	383 Shoshone Street North Twin Falls, ID 83303	Full Service B&M	$166,639
First Federal Savings Bank of Twin Falls	476 Cheney Dr W, Suite 120 Twin Falls, ID 83301	Full Service B&M	$9,756
First Federal Savings Bank of Twin Falls	701 7th Street Rupert, ID 83350	Full Service B&M	$61,888
First Federal Savings Bank of Twin Falls	886 Blue Lakes Boulevard North Twin Falls, ID 83301	Full Service B&M	$70,547

For 2018, First Federal Savings Bank Of Twin Falls had 11 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$28,451
Net interest income	$26,865
Total noninterest income	$9,238
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$2,267
Trading account gains and fees	$0
Additional Noninterest Income	$6,971
Pre-tax net operating income	$8,145
Securities gains (or losses, -)	$0
Income before extraordinary items	$6,300
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$6,300
Minority interest net income	$0
Net income	$6,300
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$6,300

First Federal Savings Bank Of Twin Falls's gross interest income from loans was $28,451,000.
First Federal Savings Bank Of Twin Falls's net interest income from loans was $26,865,000.
First Federal Savings Bank Of Twin Falls's fee based income from loans was $2,267,000.
First Federal Savings Bank Of Twin Falls's net income from loans was $6,300,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,586
Provision for credit losses	$810
Total noninterest expense	$27,148
Salaries and employee benefits	$16,631
Premises and equipment expense	$3,917
Additional noninterest expense	$6,600
Applicable income taxes	$1,845
Net charge-offs	$410
Cash dividends	$0

First Federal Savings Bank Of Twin Falls's interest expense for loans was $1,586,000.
First Federal Savings Bank Of Twin Falls's payroll and benefits expense were $16,631,000.
First Federal Savings Bank Of Twin Falls's property, plant and equipment expenses $3,917,000.

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	0.3%
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	$558,077
Deposits held in domestic offices	$558,077
Deposits by Individuals, partnerships, and corporations	$535,409
Deposits by U.S. Government	$23
Deposits by States and political subdivisions in the U.S.	$22,645
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	$1,988
Demand deposits	$1,988
Nontransaction accounts	$556,089
Money market deposit accounts (MMDAs)	$64,233
Other savings deposits (excluding MMDAs)	$406,348
Total time deposits	$85,508
Total time and savings deposits	$556,089
Noninterest-bearing deposits	$146,425
Interest-bearing deposits	$411,653
Retail deposits	$546,746
IRAs and Keogh plan accounts	$28,814
Brokered deposits	$1,561
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$648,447
Cash & Balances due from depository institutions	$69,381
Interest-bearing balances	$55,029
Total securities	$28,749
Federal funds sold & reverse repurchase	$0
Net loans and leases	$514,655
Loan and leases loss allowance	$4,551
Trading account assets	$0
Bank premises and fixed assets	$19,769
Other real estate owned	$97
Goodwill and other intangibles	$3,884
All other assets	$11,912

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$648,447
Total Liabilities	$571,994
Total deposits	$558,077
Interest-bearing deposits	$411,653
Deposits held in domestic offices	$558,077
% insured (estimated)	$87
Federal funds purchased and repurchase agreements	$3,399
Trading liabilities	$0
Other borrowed funds	$4,500
Subordinated debt	$0
All other liabilities	$6,018

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$514,655
Loan and leases loss allowance	$4,551
Total loans and leases (domestic)	$519,206
All real estate loans	$447,901
Real estate loans in domestic offices	$447,901
Construction and development loans	$67,475
Residential 1-4 family construction	$37,438
Other construction, all land development and other land	$30,037
Loans secured by nonfarm nonresidential properties	$103,369
Nonfarm nonresidential secured by owner-occupied properties	$36,063
Commercial real estate & other non-farm, non-residential	$67,306
Multifamily residential real estate	$1,903
1-4 family residential loans	$275,154
Farmland loans	$0
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$34,086
To non-U.S. addressees	$0
Loans to individuals	$35,438
Credit card loans	$6,370
Related Plans	$710
Consumer Auto Loans	$23,244
Other loans to individuals	$5,114
All other loans & leases	$3,425
Loans to foreign governments and official institutions	$0
Other loans	$3,425
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$3,791
Loans secured by real estate to non-U.S. addressees	$242
Restructured Loans & leases	$1,230
Non 1-4 family restructured loans & leases	$81
Total loans and leases (foreign)	$0

First Federal Savings Bank of Twin Falls had $514,655,000 of loans outstanding in 2018. $447,901,000 of loans were in real estate loans. $67,475,000 of loans were in development loans. $1,903,000 of loans were in multifamily mortgage loans. $275,154,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $6,370,000 of loans were in credit card loans. $23,244,000 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	316	$60,903	$192,731
Nonfarm, nonresidential loans - <$100k	84	$3,916	$46,619
Nonfarm, nonresidential loans - $100-250k	115	$13,625	$118,478
Nonfarm, nonresidential loans - $250k-1MM	117	$43,362	$370,615
Commercial & Industrial, US addressed loans - <$1MM	595	$26,664	$44,813
Commercial & Industrial, US addressed loans - <$100k	493	$10,668	$21,639
Commercial & Industrial, US addressed loans - $100-250k	71	$5,062	$71,296
Commercial & Industrial, US addressed loans - $250k-1MM	31	$10,934	$352,710