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 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 by origination volume include: Twin Falls, Boise City, Burley, Hailey, and Phoenix among others. We have data for 16 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
Home Equity Line of Credit (HELOC)	6.27%	11/21/24
30 Year Conventional Purchase	6.56%	11/21/24
30 Year Conventional Refi	6.54%	11/21/24
30 Year Cash-out Refi	6.68%	11/21/24
30 Year FHA Purchase	7.20%	11/21/24
30 Year FHA Refi	6.27%	11/21/24
30 Year VA Purchase	6.39%	11/21/24
30 Year USDA Purchase	6.65%	11/21/24
15 Year Conventional Purchase	6.76%	11/21/24
15 Year Conventional Refi	6.17%	11/21/24
15 Year Cash-out Refi	6.17%	11/21/24
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 Federal Savings Bank Of Twin Falls Mortgage Calculator

Purchase Price:

Loan Amount:

Deposit Amount:

% Deposit:

Interest Rate:

Loan Type:

Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

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

1,269

Origination Dollar Volume (All Markets)

$246,425,000

Employee count

246

Awards

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

First Federal Savings Bank of Twin Falls VA Loans silver

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

First Federal Savings Bank of Twin Falls USDA Loans gold

First Federal Savings Bank of Twin Falls VA Loans gold

Show all (6) 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)	756	$137,320,000	$181,640	$3,685	4.54%
BOISE CITY, ID (FHA\|USDA\|VA)	162	$45,270,000	$279,444	$5,176	4.44%
Burley, ID (FHA\|USDA\|VA)	266	$44,830,000	$168,534	$3,655	4.54%
Outside of Metro Areas	59	$11,985,000	$203,136	$4,415	4.41%
Hailey, ID (FHA\|USDA\|VA)	10	$3,300,000	$330,000	$5,493	4.32%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	3	$965,000	$321,667	$4,177	4.13%
Mountain Home, ID (FHA\|USDA\|VA)	3	$765,000	$255,000	$5,334	4.58%
IDAHO FALLS, ID (FHA\|USDA\|VA)	2	$350,000	$175,000	$4,112	3.81%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	1	$295,000	$295,000	$5,728	3.75%
Rexburg, ID (FHA\|USDA\|VA)	1	$295,000	$295,000	$4,290	3.50%
Jackson, WY-ID (FHA\|USDA\|VA)	1	$265,000	$265,000	$5,465	3.38%
ST. GEORGE, UT (FHA\|USDA\|VA)	1	$225,000	$225,000	$3,431	4.88%
WATERLOO-CEDAR FALLS, IA (FHA\|USDA\|VA)	1	$185,000	$185,000	$1,310	3.25%
SALT LAKE CITY, UT (FHA\|USDA\|VA)	1	$175,000	$175,000	$5,199	3.63%
Outside of Metro Areas	1	$145,000	$145,000	$2,879	4.13%
LOGAN, UT-ID (FHA\|USDA\|VA)	1	$55,000	$55,000	$2,307	3.63%

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

Their top states include:

Idaho (FHA|USDA|VA)

Arizona (FHA|USDA|VA)

Utah (FHA|USDA|VA)

Montana (FHA|USDA|VA)

Nevada (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.

PIONEER
Similarity Rank: 168

FIRST MORTGAGE COMPANY, INC.
Similarity Rank: 182

CONNECTIONS
Similarity Rank: 420

CHERRY CREEK MORTGAGE, LLC
Similarity Rank: 858

Icon Credit Union
Similarity Rank: 1469

WESTMARK Credit Union
Similarity Rank: 1470

First Republic Bank
Similarity Rank: 1573

CAPITAL EDUCATORS FEDERAL CREDIT UNION
Similarity Rank: 1860

First Federal Savings Bank of Twin Falls
Similarity Rank: 2240

Charles Schwab Bank, SSB
Similarity Rank: 2313

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	1,221	$236,725,000	$193,878	$3,812	4.55%
FHA	19	$3,915,000	$206,053	$8,786	4.10%
USDA	15	$2,385,000	$159,000	$5,804	3.61%
VA	14	$3,400,000	$242,857	$4,548	3.38%

For 2019, First Federal Savings Bank Of Twin Falls's most frequently originated type of loan was Conventional, with 1,221 originations. Their 2nd most popular type was FHA, with 19 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	669	$156,765,000	$234,327	$5,100	4.29%
Cash Out Refi	248	$37,340,000	$150,565	$2,945	4.47%
Refi	194	$46,240,000	$238,351	$4,113	3.85%
Other	83	$3,235,000	$38,976	$330	6.31%
Home Improvement	75	$2,845,000	$37,933	$330	6.36%

For 2019, First Federal Savings Bank Of Twin Falls's most frequently cited loan purpose was Home Purchase, with 669 originations. The 2nd most popular reason was Cash Out Refi, with 248 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	675	$145,565,000	$215,652	$4,675	4.09%
10 Year	222	$16,390,000	$73,829	$681	5.52%
30+ year	117	$44,095,000	$376,880	$7,504	4.36%
15 Year	92	$14,920,000	$162,174	$3,273	4.42%
Other	55	$7,525,000	$136,818	$2,318	5.13%
20 Year	54	$9,960,000	$184,444	$3,789	3.96%
1 Year	36	$7,590,000	$210,833	$2,653	6.38%
5 Year	14	$320,000	$22,857	$279	5.54%
3 Year	4	$60,000	$15,000	$225	5.17%

For 2019, First Federal Savings Bank Of Twin Falls's most frequently cited loan duration was 30 Year, with 675 originations. The 2nd most popular length was 10 Year, with 222 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	431	$44,205,000	$102,564
$2k-3k	272	$57,420,000	$211,103
$1k-2k	265	$40,915,000	$154,396
$3k-4k	127	$33,965,000	$267,441
$5k+	82	$43,130,000	$525,976
$4k-5k	56	$20,110,000	$359,107

First Federal Savings Bank Of Twin Falls's average total fees were $4,675, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 431 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	573	$130,555,000	$227,845
4-5%	381	$78,155,000	$205,131
5-6%	125	$17,805,000	$142,440
6-7%	74	$8,510,000	$115,000
2.5-3%	42	$7,700,000	$183,333
7-8%	37	$2,375,000	$64,189
Over 8%	37	$1,325,000	$35,811

During 2019, First Federal Savings Bank Of Twin Falls's average interest rate for loans was 4.09%, while their most frequently originated rate bucket for loans was 3-4%, with 573 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	418	$63,410,000	$151,699	$3,708	4.19%
$200k-400k	399	$108,095,000	$270,915	$5,323	4.06%
$100,000 or less	343	$16,275,000	$47,449	$1,041	5.55%
$400k-600k	87	$40,375,000	$464,080	$7,659	4.16%
$600k-1MM	19	$14,115,000	$742,895	$11,758	4.26%
$1MM+	3	$4,155,000	$1,385,000	$17,181	3.83%

2019 saw First Federal Savings Bank Of Twin Falls place emphasis on $100k-200k loans with 418 originations, totaling $63,410,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	328	$49,680,000	$151,463	$3,424	4.61%
$50k or less	291	$33,245,000	$114,244	$3,047	4.45%
$100k-150k	217	$51,985,000	$239,562	$4,517	4.38%
$75k-100k	216	$41,340,000	$191,389	$3,898	4.63%
$150k-250k	104	$32,420,000	$311,731	$5,390	4.20%
$250k+	67	$30,515,000	$455,448	$7,119	4.42%

First Federal Savings Bank Of Twin Falls lent most frequently to those with incomes in the $50k-75k range, with 328 originations. The second most popular income band? $50k or less, with 291 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	297	$57,915,000	$195,000	$3,727	4.34%
30-36%	271	$48,985,000	$180,756	$3,808	4.57%
<20%	113	$20,465,000	$181,106	$3,566	4.05%
43%	61	$9,665,000	$158,443	$3,095	5.26%
40%	53	$10,855,000	$204,811	$4,499	4.54%
42%	50	$9,630,000	$192,600	$3,961	4.72%
39%	50	$10,970,000	$219,400	$4,528	4.57%
41%	47	$8,745,000	$186,064	$3,991	4.51%
36%	44	$10,430,000	$237,045	$4,652	4.36%
38%	43	$6,985,000	$162,442	$3,248	4.88%
44%	42	$9,220,000	$219,524	$4,142	4.44%
37%	38	$6,950,000	$182,895	$3,858	4.70%
45%	38	$9,130,000	$240,263	$4,870	4.38%
47%	26	$5,380,000	$206,923	$3,947	4.33%
48%	24	$4,980,000	$207,500	$5,065	4.55%
46%	20	$3,910,000	$195,500	$4,582	4.30%
49%	16	$3,550,000	$221,875	$4,537	4.36%
50-60%	14	$3,110,000	$222,143	$4,000	5.32%
>60%	5	$1,575,000	$315,000	$10,542	5.41%

First Federal Savings Bank Of Twin Falls lent most frequently to those with DTI ratios of 20-30%, with 297 originations. The next most common DTI ratio? 30-36%, with 271 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	1,205	$233,065,000	$193,415	$3,922	4.49%
Not provided	30	$6,090,000	$203,000	$4,308	4.78%
Not applicable	14	$3,120,000	$222,857	$0	5.57%
Asian	7	$1,905,000	$272,143	$2,639	3.77%
American Indian	8	$1,330,000	$166,250	$3,545	5.37%
Black	3	$705,000	$235,000	$4,973	4.42%
Native Hawaiian or Islander	2	$210,000	$105,000	$2,601	4.61%

Approval Rates

Total approvals of all applications
89.57%

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

Pick Rate

Approvals leading to origination
73.60%

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

Points and Fees

Points	Originations	Total Value	Average Loan
NA	1,269	$246,425,000	$194,188

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Manufactured	1	$235,000	$235,000
Multifamily:Site-Built	3	$1,185,000	$395,000
Single Family (1-4 Units):Manufactured	38	$3,910,000	$102,895
Single Family (1-4 Units):Site-Built	1,227	$241,095,000	$196,491

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	114	$10,390,000	$91,140	$1,640	5.02%
40-60%	149	$25,755,000	$172,852	$3,357	4.08%
60-80%	399	$98,385,000	$246,579	$4,785	4.18%
80-100%	426	$104,960,000	$246,385	$5,383	4.16%
Over 100%	5	$1,355,000	$271,000	$7,799	4.94%
Under 20%	176	$5,580,000	$31,705	$356	6.16%

Complaints

Bank Name	Product	Issue	2019 CPFB Complaints	% of Total Issues
FIRST NATIONAL BANK OF OMAHA	Conventional home mortgage	Struggling to pay mortgage	1	16.7%
FIRST NATIONAL BANK OF OMAHA	Conventional home mortgage	Closing on a mortgage	2	33.3%
FIRST NATIONAL BANK OF OMAHA	Conventional home mortgage	Trouble during payment process	3	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	$35,999
First Federal Savings Bank of Twin Falls	110 Falls Avenue Twin Falls, ID 83301	Full Service B&M	$34,210
First Federal Savings Bank of Twin Falls	123 Broadway Avenue North Buhl, ID 83316	Full Service B&M	$35,699
First Federal Savings Bank of Twin Falls	148 Eastland Drive Twin Falls, ID 83301	Full Service B&M	$27,093
First Federal Savings Bank of Twin Falls	1515 South Lincoln Street Jerome, ID 83338	Full Service B&M	$26,751
First Federal Savings Bank of Twin Falls	1880 South Eagle Road Meridian, ID 83642	Full Service B&M	$2,200
First Federal Savings Bank of Twin Falls	2059 Overland Avenue Burley, ID 83318	Full Service B&M	$58,826
First Federal Savings Bank of Twin Falls	22349 Kimberly Rd Kimberly, ID 83341	Full Service B&M	$33,393
First Federal Savings Bank of Twin Falls	383 Shoshone Street North Twin Falls, ID 83303	Full Service B&M	$174,227
First Federal Savings Bank of Twin Falls	476 Cheney Dr W, Suite 120 Twin Falls, ID 83301	Full Service B&M	$12,995
First Federal Savings Bank of Twin Falls	701 7th Street Rupert, ID 83350	Full Service B&M	$63,468
First Federal Savings Bank of Twin Falls	886 Blue Lakes Boulevard North Twin Falls, ID 83301	Full Service B&M	$75,206

For 2019, First Federal Savings Bank Of Twin Falls had 12 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$33,781
Net interest income	$31,785
Total noninterest income	$10,664
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$2,179
Trading account gains and fees	$0
Additional Noninterest Income	$8,485
Pre-tax net operating income	$11,298
Securities gains (or losses, -)	$430
Income before extraordinary items	$8,749
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$8,749
Minority interest net income	$0
Net income	$8,749
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$8,409

First Federal Savings Bank Of Twin Falls's gross interest income from loans was $33,781,000.
First Federal Savings Bank Of Twin Falls's net interest income from loans was $31,785,000.
First Federal Savings Bank Of Twin Falls's fee based income from loans was $2,179,000.
First Federal Savings Bank Of Twin Falls's net income from loans was $8,749,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,996
Provision for credit losses	$533
Total noninterest expense	$30,618
Salaries and employee benefits	$19,671
Premises and equipment expense	$4,359
Additional noninterest expense	$6,588
Applicable income taxes	$2,979
Net charge-offs	$33
Cash dividends	$0

First Federal Savings Bank Of Twin Falls's interest expense for loans was $1,996,000.
First Federal Savings Bank Of Twin Falls's payroll and benefits expense were $19,671,000.
First Federal Savings Bank Of Twin Falls's property, plant and equipment expenses $4,359,000.

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	$607,928
Deposits held in domestic offices	$607,928
Deposits by Individuals, partnerships, and corporations	$584,585
Deposits by U.S. Government	$41
Deposits by States and political subdivisions in the U.S.	$22,811
Deposits by Commercial banks and other depository institutions in U.S.	$491
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$998
Demand deposits	$998
Nontransaction accounts	$606,930
Money market deposit accounts (MMDAs)	$64,296
Other savings deposits (excluding MMDAs)	$453,233
Total time deposits	$89,399
Total time and savings deposits	$606,930
Noninterest-bearing deposits	$172,224
Interest-bearing deposits	$435,704
Retail deposits	$594,682
IRAs and Keogh plan accounts	$29,073
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$705,774
Cash & Balances due from depository institutions	$70,068
Interest-bearing balances	$55,699
Total securities	$29,038
Federal funds sold & reverse repurchase	$0
Net loans and leases	$566,606
Loan and leases loss allowance	$5,051
Trading account assets	$0
Bank premises and fixed assets	$18,999
Other real estate owned	$0
Goodwill and other intangibles	$4,340
All other assets	$16,723

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$705,774
Total Liabilities	$620,341
Total deposits	$607,928
Interest-bearing deposits	$435,704
Deposits held in domestic offices	$607,928
% insured (estimated)	$86
Federal funds purchased and repurchase agreements	$5,150
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$7,263

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$566,606
Loan and leases loss allowance	$5,051
Total loans and leases (domestic)	$571,657
All real estate loans	$492,026
Real estate loans in domestic offices	$492,026
Construction and development loans	$89,815
Residential 1-4 family construction	$56,004
Other construction, all land development and other land	$33,811
Loans secured by nonfarm nonresidential properties	$127,167
Nonfarm nonresidential secured by owner-occupied properties	$40,332
Commercial real estate & other non-farm, non-residential	$86,835
Multifamily residential real estate	$4,783
1-4 family residential loans	$270,261
Farmland loans	$0
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$41,421
To non-U.S. addressees	$0
Loans to individuals	$37,537
Credit card loans	$6,471
Related Plans	$694
Consumer Auto Loans	$25,015
Other loans to individuals	$5,357
All other loans & leases	$2,568
Loans to foreign governments and official institutions	$0
Other loans	$2,568
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$5,389
Loans secured by real estate to non-U.S. addressees	$115
Restructured Loans & leases	$840
Non 1-4 family restructured loans & leases	$223
Total loans and leases (foreign)	$0

First Federal Savings Bank of Twin Falls had $566,606,000 of loans outstanding in 2019. $492,026,000 of loans were in real estate loans. $89,815,000 of loans were in development loans. $4,783,000 of loans were in multifamily mortgage loans. $270,261,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $6,471,000 of loans were in credit card loans. $25,015,000 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	328	$65,884	$200,866
Nonfarm, nonresidential loans - <$100k	79	$3,722	$47,114
Nonfarm, nonresidential loans - $100-250k	120	$13,783	$114,858
Nonfarm, nonresidential loans - $250k-1MM	129	$48,379	$375,031
Commercial & Industrial, US addressed loans - <$1MM	601	$35,293	$58,724
Commercial & Industrial, US addressed loans - <$100k	495	$11,519	$23,271
Commercial & Industrial, US addressed loans - $100-250k	66	$6,925	$104,924
Commercial & Industrial, US addressed loans - $250k-1MM	40	$16,849	$421,225