First Federal Savings Bank Of Twin Falls Mortgage Rates, Fees & Info
Twin Falls, IDLEI: 254900SUM1U8US3D2Z03
Tax ID: 82-0172244
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Mortgage Data
Bank Data
Review & Overview
First Federal Savings Bank Of Twin Falls is a smaller bank specializing in Refi and 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 St. George 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 above 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 an average 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.
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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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,888Origination Dollar Volume (All Markets)
$420,030,000Employee count
262Awards
First Federal Savings Bank of Twin Falls - 2020
First Federal Savings Bank of Twin Falls is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 1,134 | $233,910,000 | $206,270 | $3,902 | 3.26% |
| BOISE CITY, ID (FHA|USDA|VA) | 260 | $85,090,000 | $327,269 | $5,911 | 3.31% |
| Burley, ID (FHA|USDA|VA) | 368 | $71,340,000 | $193,859 | $3,932 | 3.34% |
| Outside of Metro Areas | 70 | $13,890,000 | $198,429 | $4,535 | 3.38% |
| Hailey, ID (FHA|USDA|VA) | 22 | $6,490,000 | $295,000 | $4,718 | 3.05% |
| ST. GEORGE, UT (FHA|USDA|VA) | 5 | $1,885,000 | $377,000 | $6,613 | 2.95% |
| Rexburg, ID (FHA|USDA|VA) | 5 | $1,825,000 | $365,000 | $5,761 | 2.83% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $4,375 | 2.97% |
| Mountain Home, ID (FHA|USDA|VA) | 5 | $1,135,000 | $227,000 | $4,303 | 3.05% |
| Outside of Metro Areas | 4 | $880,000 | $220,000 | $3,266 | 4.71% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $4,076 | 2.78% |
| Ontario, OR-ID (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $4,862 | 3.00% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,039 | 3.00% |
| Moscow, ID (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,237 | 3.13% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,037 | 2.38% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,252 | 2.75% |
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.
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Product Mix
For 2020, First Federal Savings Bank Of Twin Falls's most frequently originated type of loan was Conventional, with 1,846 originations. Their 2nd most popular type was FHA, with 22 originations.
Loan Reason
For 2020, First Federal Savings Bank Of Twin Falls's most frequently cited loan purpose was Refi, with 878 originations. The 2nd most popular reason was Home Purchase, with 725 originations.
Loan Duration/Length
For 2020, First Federal Savings Bank Of Twin Falls's most frequently cited loan duration was 30 Year, with 1,005 originations. The 2nd most popular length was 15 Year, with 311 originations.
Origination Fees/Closing Costs
First Federal Savings Bank Of Twin Falls's average total fees were $4,744, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 500 originations.
Interest Rates
During 2020, First Federal Savings Bank Of Twin Falls's average interest rate for loans was 3.19%, while their most frequently originated rate bucket for loans was 3-4%, with 782 originations.
Loan Sizing
2020 saw First Federal Savings Bank Of Twin Falls place emphasis on $200k-400k loans with 732 originations, totaling $201,420,000 in origination value.
Applicant Income
First Federal Savings Bank Of Twin Falls lent most frequently to those with incomes in the $50k-75k range, with 476 originations. The second most popular income band? $50k or less, with 376 originations.
Applicant Debt to Income Ratio
First Federal Savings Bank Of Twin Falls lent most frequently to those with DTI ratios of 20-30%, with 452 originations. The next most common DTI ratio? 30-36%, with 381 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.10%
First Federal Savings Bank Of Twin Falls has an average approval rate.
Pick Rate
Approvals leading to origination66.05%
First Federal Savings Bank Of Twin Falls 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 |
|---|---|---|---|
| NA | 1,888 | $420,030,000 | $222,474 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Struggling to pay mortgage | 2 | 28.6% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Trouble during payment process | 2 | 28.6% |
| FIRST NATIONAL BANK OF OMAHA | FHA mortgage | Struggling to pay mortgage | 1 | 14.3% |
| FIRST NATIONAL BANK OF OMAHA | Other type of mortgage | Trouble during payment process | 1 | 14.3% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 14.3% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First Federal Savings Bank of Twin Falls | 2059 Overland Avenue Burley, ID 83318 | Full Service B&M | $71,193 |
| First Federal Savings Bank of Twin Falls | 1095 East Main Street Burley, ID 83318 | Full Service B&M | $50,128 |
| First Federal Savings Bank of Twin Falls | 110 Falls Avenue Twin Falls, ID 83301 | Full Service B&M | $42,407 |
| First Federal Savings Bank of Twin Falls | 123 Broadway Avenue North Buhl, ID 83316 | Full Service B&M | $43,473 |
| First Federal Savings Bank of Twin Falls | 148 Eastland Drive Twin Falls, ID 83301 | Full Service B&M | $33,947 |
| First Federal Savings Bank of Twin Falls | 1515 South Lincoln Street Jerome, ID 83338 | Full Service B&M | $39,800 |
| First Federal Savings Bank of Twin Falls | 1880 South Eagle Road Meridian, ID 83642 | Full Service B&M | $19,362 |
| First Federal Savings Bank of Twin Falls | 22349 Kimberly Rd Kimberly, ID 83341 | Full Service B&M | $40,733 |
| First Federal Savings Bank of Twin Falls | 383 Shoshone Street North Twin Falls, ID 83303 | Full Service B&M | $218,446 |
| First Federal Savings Bank of Twin Falls | 476 Cheney Dr W, Suite 120 Twin Falls, ID 83301 | Full Service B&M | $22,377 |
| First Federal Savings Bank of Twin Falls | 701 7th Street Rupert, ID 83350 | Full Service B&M | $69,738 |
| First Federal Savings Bank of Twin Falls | 886 Blue Lakes Boulevard North Twin Falls, ID 83301 | Full Service B&M | $89,946 |
For 2020, First Federal Savings Bank Of Twin Falls had 12 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $37,508 |
| Net interest income | $35,432 |
| Total noninterest income | $12,672 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,758 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $10,914 |
| Pre-tax net operating income | $11,587 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $8,644 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $8,644 |
| Minority interest net income | $0 |
| Net income | $8,644 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $8,644 |
First Federal Savings Bank Of Twin Falls's gross interest income from loans was $37,508,000.
First Federal Savings Bank Of Twin Falls's net interest income from loans was $35,432,000.
First Federal Savings Bank Of Twin Falls's fee based income from loans was $1,758,000.
First Federal Savings Bank Of Twin Falls's net income from loans was $8,644,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,076 |
| Provision for credit losses | $860 |
| Total noninterest expense | $35,657 |
| Salaries and employee benefits | $23,022 |
| Premises and equipment expense | $4,935 |
| Additional noninterest expense | $7,700 |
| Applicable income taxes | $2,943 |
| Net charge-offs | $-90 |
| Cash dividends | $0 |
First Federal Savings Bank Of Twin Falls's interest expense for loans was $2,076,000.
First Federal Savings Bank Of Twin Falls's payroll and benefits expense were $23,022,000.
First Federal Savings Bank Of Twin Falls's property, plant and equipment expenses $4,935,000.
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 | $862,424 |
| Deposits held in domestic offices | $862,424 |
| Deposits by Individuals, partnerships, and corporations | $837,608 |
| Deposits by U.S. Government | $12 |
| Deposits by States and political subdivisions in the U.S. | $24,804 |
| 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 | $475,364 |
| Demand deposits | $475,364 |
| Nontransaction accounts | $387,060 |
| Money market deposit accounts (MMDAs) | $89,463 |
| Other savings deposits (excluding MMDAs) | $204,625 |
| Total time deposits | $92,972 |
| Total time and savings deposits | $387,060 |
| Noninterest-bearing deposits | $291,064 |
| Interest-bearing deposits | $571,361 |
| Retail deposits | $848,388 |
| IRAs and Keogh plan accounts | $30,214 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $972,838 |
| Cash & Balances due from depository institutions | $179,866 |
| Interest-bearing balances | $158,153 |
| Total securities | $77,228 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $671,586 |
| Loan and leases loss allowance | $6,001 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $23,568 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $3,641 |
| All other assets | $16,949 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $972,838 |
| Total Liabilities | $878,605 |
| Total deposits | $862,424 |
| Interest-bearing deposits | $571,361 |
| Deposits held in domestic offices | $862,424 |
| % insured (estimated) | $78 |
| Federal funds purchased and repurchase agreements | $8,092 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $8,089 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $671,586 |
| Loan and leases loss allowance | $6,001 |
| Total loans and leases (domestic) | $677,587 |
| All real estate loans | $554,279 |
| Real estate loans in domestic offices | $554,279 |
| Construction and development loans | $96,830 |
| Residential 1-4 family construction | $63,752 |
| Other construction, all land development and other land | $33,078 |
| Loans secured by nonfarm nonresidential properties | $150,824 |
| Nonfarm nonresidential secured by owner-occupied properties | $36,327 |
| Commercial real estate & other non-farm, non-residential | $114,497 |
| Multifamily residential real estate | $5,069 |
| 1-4 family residential loans | $301,556 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $95,664 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $28,710 |
| Credit card loans | $0 |
| Related Plans | $583 |
| Consumer Auto Loans | $23,354 |
| Other loans to individuals | $4,773 |
| All other loans & leases | $2,181 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $2,181 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $3,409 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $1,432 |
| Non 1-4 family restructured loans & leases | $75 |
| Total loans and leases (foreign) | $0 |
First Federal Savings Bank of Twin Falls had $671,586,000 of loans outstanding in 2020. $554,279,000 of loans were in real estate loans. $96,830,000 of loans were in development loans. $5,069,000 of loans were in multifamily mortgage loans. $301,556,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $23,354,000 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 | 320 | $68,436 | $213,863 |
| Nonfarm, nonresidential loans - <$100k | 75 | $3,651 | $48,680 |
| Nonfarm, nonresidential loans - $100-250k | 109 | $13,618 | $124,936 |
| Nonfarm, nonresidential loans - $250k-1MM | 136 | $51,167 | $376,228 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,201 | $70,584 | $58,771 |
| Commercial & Industrial, US addressed loans - <$100k | 995 | $24,872 | $24,997 |
| Commercial & Industrial, US addressed loans - $100-250k | 128 | $16,338 | $127,641 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 78 | $29,374 | $376,590 |