First Harrison Bank Mortgage Rates, Fees & Info
Corydon, IN
LEI: 549300LGEXCX325O8C49
Tax ID: 35-0634720
5 stars
-
out of 5 stars, based on 31 reviews
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Mortgage Data
Bank Data
Overview
First Harrison Bank is a
smaller
bank
specializing in
Refi, Home Purchase, and Cash Out Refi loans.
First Harrison Bank 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 Louisville/jefferson County, Bardstown, Crestview, Las Vegas, and Elizabethtown among others. First Harrison Bank has
an 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 Harrison Bank is typically
a low fee
lendor.
Originations
961
Origination Dollar Volume (All Markets)
$164,285,000
Employee count
198
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First Harrison Bank - 2021
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Relative Rate
First Harrison Bank's average 30 year fixed rate mortgage of loans were
2.97%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.18%.
Relative Fees
First Harrison Bank's average total fees for a 30 year fixed rate
mortgage are $2,623.
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 |
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA)
|
873
|
$148,205,000 |
$169,765 |
$2,281 |
3.04% |
Outside of Metro Areas
|
36 |
$4,850,000 |
$134,722 |
$2,241 |
3.59% |
Bardstown, KY (FHA|USDA|VA)
|
20
|
$3,460,000 |
$173,000 |
$2,942 |
3.21% |
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA)
|
1
|
$1,755,000 |
$1,755,000 |
$0 |
3.50% |
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA)
|
1
|
$905,000 |
$905,000 |
$7,866 |
2.88% |
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA)
|
5
|
$805,000 |
$161,000 |
$2,318 |
3.59% |
Scottsburg, IN (FHA|USDA|VA)
|
5
|
$725,000 |
$145,000 |
$2,678 |
2.58% |
Seymour, IN (FHA|USDA|VA)
|
3
|
$475,000 |
$158,333 |
$2,232 |
3.23% |
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA)
|
2
|
$450,000 |
$225,000 |
$2,107 |
2.38% |
Glasgow, KY (FHA|USDA|VA)
|
1
|
$405,000 |
$405,000 |
$3,253 |
3.25% |
CINCINNATI, OH-KY-IN (FHA|USDA|VA)
|
2
|
$350,000 |
$175,000 |
$4,308 |
2.94% |
BLOOMINGTON, IN (FHA|USDA|VA)
|
1
|
$325,000 |
$325,000 |
$2,341 |
2.75% |
Madison, IN (FHA|USDA|VA)
|
3
|
$305,000 |
$101,667 |
$2,214 |
3.17% |
PANAMA CITY, FL (FHA|USDA|VA)
|
1
|
$305,000 |
$305,000 |
$0 |
3.00% |
LEXINGTON-FAYETTE, KY (FHA|USDA|VA)
|
2
|
$300,000 |
$150,000 |
$2,132 |
2.13% |
COLUMBUS, IN (FHA|USDA|VA)
|
1
|
$265,000 |
$265,000 |
$2,104 |
2.88% |
Frankfort, KY (FHA|USDA|VA)
|
1
|
$205,000 |
$205,000 |
$0 |
3.75% |
North Vernon, IN (FHA|USDA|VA)
|
2
|
$130,000 |
$65,000 |
$3,293 |
6.00% |
EVANSVILLE, IN-KY (FHA|USDA|VA)
|
1
|
$65,000 |
$65,000 |
$2,049 |
3.63% |
First Harrison Bank's top markets include Louisville/jefferson County, Bardstown, Crestview, Las Vegas, and Elizabethtown among others.
Product Mix
Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Conventional |
904 |
$154,500,000 |
$170,907 |
$2,121 |
3.10% |
FHA |
43 |
$7,725,000 |
$179,651 |
$5,369 |
2.69% |
USDA |
14 |
$2,060,000 |
$147,143 |
$3,707 |
2.88% |
For the 2021 period, First Harrison Bank's most frequently
originated loan type
of loans were Conventional, with 904 originations.
Their 2nd most popular type is FHA,
with 43 originations.
Loan Reason
Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Refi |
315 |
$52,765,000 |
$167,508 |
$2,092 |
2.79% |
Home Purchase |
308 |
$61,410,000 |
$199,383 |
$2,881 |
3.14% |
Cash Out Refi |
222 |
$36,530,000 |
$164,550 |
$2,260 |
3.07% |
Home Improvement |
88 |
$11,320,000 |
$128,636 |
$1,832 |
3.35% |
Other |
27 |
$1,855,000 |
$68,704 |
$962 |
4.74% |
NA |
1 |
$405,000 |
$405,000 |
$0 |
3.50% |
For the 2021, First Harrison Bank's most frequently cited loan
purpose
of loans were Refi, with 315
originations.
The 2nd most popular reason of loans were Home Purchase,
with 308 originations.
Loan Duration/Length
Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
30 Year |
483 |
$94,005,000 |
$194,627 |
$2,623 |
2.97% |
15 Year |
204 |
$31,240,000 |
$153,137 |
$2,265 |
2.49% |
20 Year |
113 |
$18,175,000 |
$160,841 |
$2,174 |
3.13% |
10 Year |
73 |
$5,605,000 |
$76,781 |
$1,009 |
4.25% |
Other |
71 |
$12,705,000 |
$178,944 |
$1,806 |
3.83% |
5 Year |
15 |
$655,000 |
$43,667 |
$339 |
4.67% |
1 Year |
2 |
$1,900,000 |
$950,000 |
$0 |
3.88% |
For the 2021, First Harrison Bank's most frequently cited loan
length
of loans were 30 Year, with 483 originations.
The 2nd most popular length of loans were 15 Year,
with 204 originations.
Origination Fees
Origination Fee |
Originations |
Total Value |
Average Loan |
$<1k |
815 |
$136,615,000 |
$167,626 |
$1k-2k |
31 |
$4,515,000 |
$145,645 |
$2k-3k |
10 |
$2,510,000 |
$251,000 |
$3k-4k |
2 |
$690,000 |
$345,000 |
$5k+ |
1 |
$405,000 |
$405,000 |
$2,623 of loans were First Harrison Bank's
average total fees, while their most
frequently occuring range of origination fees were in the
$<1k bucket,
with 815 originations.
Interest Rates
Loan Rate |
Originations |
Total Value |
Average Loan |
2.5-3% |
323 |
$61,975,000 |
$191,873 |
<2.5% |
315 |
$55,275,000 |
$175,476 |
3-4% |
216 |
$39,200,000 |
$181,481 |
4-5% |
60 |
$5,060,000 |
$84,333 |
5-6% |
20 |
$1,380,000 |
$69,000 |
6-7% |
20 |
$1,000,000 |
$50,000 |
7-8% |
6 |
$380,000 |
$63,333 |
Over 8% |
1 |
$15,000 |
$15,000 |
During 2021, First Harrison Bank's average interest
rate of loans were 2.97%, while their
most frequently originated rate bucket of loans were 2.5-3%,
with 323 originations.
Loan Sizing
Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
$100k-200k |
430 |
$62,010,000 |
$144,209 |
$2,380 |
2.90% |
$100,000 or less |
250 |
$16,440,000 |
$65,760 |
$1,719 |
3.68% |
$200k-400k |
242 |
$64,860,000 |
$268,017 |
$2,622 |
2.77% |
$400k-600k |
34 |
$15,510,000 |
$456,176 |
$3,151 |
2.89% |
$600k-1MM |
3 |
$2,265,000 |
$755,000 |
$7,866 |
3.61% |
$1MM+ |
2 |
$3,200,000 |
$1,600,000 |
$0 |
3.50% |
2021 saw First Harrison Bank place emphasis on
$100k-200k loans
with 430 originations, totaling
$62,010,000 in origination value.
Applicant Income
Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
$50k-75k |
262 |
$38,410,000 |
$146,603 |
$2,250 |
2.99% |
$50k or less |
257 |
$28,935,000 |
$112,588 |
$2,281 |
3.19% |
$75k-100k |
155 |
$28,245,000 |
$182,226 |
$2,325 |
2.96% |
$100k-150k |
134 |
$30,320,000 |
$226,269 |
$2,283 |
2.85% |
$150k-250k |
59 |
$14,575,000 |
$247,034 |
$2,648 |
2.96% |
$250k+ |
15 |
$5,845,000 |
$389,667 |
$3,107 |
2.67% |
First Harrison Bank lent most frequently to those with incomes in the
$50k-75k range, with
262 originations.
The second most popular income band? $50k or less,
with 257 originations.
Applicant Debt to Income Ratio
DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
20-30% |
245 |
$39,655,000 |
$161,857 |
$2,243 |
3.06% |
30-36% |
176 |
$30,400,000 |
$172,727 |
$2,283 |
3.00% |
<20% |
118 |
$16,210,000 |
$137,373 |
$2,044 |
2.89% |
41% |
35 |
$6,775,000 |
$193,571 |
$2,750 |
3.00% |
37% |
34 |
$5,880,000 |
$172,941 |
$2,468 |
2.71% |
39% |
33 |
$4,955,000 |
$150,152 |
$2,393 |
2.92% |
36% |
29 |
$3,945,000 |
$136,034 |
$1,950 |
3.16% |
42% |
26 |
$5,780,000 |
$222,308 |
$2,532 |
2.75% |
38% |
25 |
$4,355,000 |
$174,200 |
$2,156 |
3.37% |
45% |
23 |
$4,175,000 |
$181,522 |
$2,741 |
2.83% |
43% |
22 |
$4,020,000 |
$182,727 |
$2,285 |
3.35% |
44% |
22 |
$3,620,000 |
$164,545 |
$2,859 |
3.07% |
40% |
17 |
$3,145,000 |
$185,000 |
$2,245 |
2.86% |
46% |
16 |
$2,830,000 |
$176,875 |
$3,371 |
2.61% |
47% |
16 |
$2,560,000 |
$160,000 |
$2,335 |
2.96% |
50-60% |
13 |
$1,825,000 |
$140,385 |
$2,019 |
3.66% |
48% |
12 |
$2,610,000 |
$217,500 |
$2,216 |
2.84% |
49% |
11 |
$2,065,000 |
$187,727 |
$2,652 |
2.94% |
>60% |
8 |
$1,410,000 |
$176,250 |
$2,451 |
4.58% |
First Harrison Bank lent most frequently to those with DTI ratios
of 20-30%, with
245 originations.
The next most common DTI ratio? 30-36%,
with 176 originations.
Ethnicity Mix
Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
White |
860 |
$143,900,000 |
$167,326 |
$2,303 |
3.02% |
Not applicable |
66 |
$14,340,000 |
$217,273 |
$0 |
3.80% |
Not provided |
21 |
$3,215,000 |
$153,095 |
$2,292 |
2.96% |
Black |
6 |
$1,190,000 |
$198,333 |
$3,167 |
2.98% |
Asian Indian |
2 |
$770,000 |
$385,000 |
$2,396 |
2.63% |
Asian |
4 |
$700,000 |
$175,000 |
$2,015 |
2.78% |
American Indian |
1 |
$145,000 |
$145,000 |
$5,632 |
3.00% |
Other Pacific Islander |
1 |
$25,000 |
$25,000 |
$350 |
4.38% |
Approval Rates
Total approvals of all applications
87.22%
First Harrison Bank has an average approval rate.
Pick Rate
Approvals leading to origination
82.80%
First Harrison Bank has a below average pick rate.
Points and Fees
Points |
Originations |
Total Value |
Average Loan |
NA |
961 |
$164,285,000 |
$170,952 |
Occupancy Type Mix
Dwelling Type |
Originations |
Total Value |
Average Loan |
|
961 |
$164,285,000 |
$170,952 |
LTV Distribution
Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
20-40% |
87 |
$10,015,000 |
$115,115 |
$1,765 |
3.14% |
40-60% |
185 |
$26,555,000 |
$143,541 |
$2,092 |
2.78% |
60-80% |
457 |
$88,005,000 |
$192,571 |
$2,326 |
3.08% |
80-100% |
194 |
$38,000,000 |
$195,876 |
$3,069 |
3.01% |
Over 100% |
4 |
$770,000 |
$192,500 |
$3,264 |
3.89% |
Under 20% |
34 |
$940,000 |
$27,647 |
$421 |
4.61% |
Complaints
Bank Name |
Product |
Issue |
2021 CPFB Complaints |
% of Total Issues |
FIRST HORIZON BANK |
Home equity loan or line of credit (HELOC) |
Applying for a mortgage or refinancing an existing mortgage |
2 |
5.9% |
FIRST HORIZON BANK |
FHA mortgage |
Trouble during payment process |
2 |
5.9% |
FIRST HORIZON BANK |
FHA mortgage |
Closing on a mortgage |
1 |
2.9% |
FIRST HORIZON BANK |
FHA mortgage |
Applying for a mortgage or refinancing an existing mortgage |
1 |
2.9% |
FIRST HORIZON BANK |
Conventional home mortgage |
Trouble during payment process |
10 |
29.4% |
FIRST HORIZON BANK |
Conventional home mortgage |
Struggling to pay mortgage |
1 |
2.9% |
FIRST HORIZON BANK |
Conventional home mortgage |
Closing on a mortgage |
2 |
5.9% |
FIRST HORIZON BANK |
Conventional home mortgage |
Applying for a mortgage or refinancing an existing mortgage |
2 |
5.9% |
FIRST HORIZON BANK |
VA mortgage |
Applying for a mortgage or refinancing an existing mortgage |
1 |
2.9% |
FIRST HORIZON BANK |
Other type of mortgage |
Trouble during payment process |
1 |
2.9% |
FIRST HORIZON BANK |
Other type of mortgage |
Closing on a mortgage |
2 |
5.9% |
FIRST HORIZON BANK |
Other type of mortgage |
Applying for a mortgage or refinancing an existing mortgage |
2 |
5.9% |
FIRST HORIZON BANK |
Home equity loan or line of credit (HELOC) |
Trouble during payment process |
6 |
17.6% |
FIRST HORIZON BANK |
Home equity loan or line of credit (HELOC) |
Struggling to pay mortgage |
1 |
2.9% |
Bank Details
Branches
Bank Name |
Branch |
Branch Type |
Deposits (000's) |
First Harrison Bank |
100 South Bardstown Road Mount Washington, KY 40047 |
Full Service B&M
|
$25,690 |
First Harrison Bank |
1312 Jackson Street Salem, IN 47167 |
Full Service B&M
|
$66,756 |
First Harrison Bank |
140 South Poplar Street Lebanon Junction, KY 40150 |
Full Service B&M
|
$28,653 |
First Harrison Bank |
1612 Highway 44 East Shepherdsville, KY 40165 |
Full Service B&M
|
$168,185 |
First Harrison Bank |
220 Federal Dr Nw Corydon, IN 47112 |
Full Service B&M
|
$210,624 |
First Harrison Bank |
2420 Barron Ave Ne Lanesville, IN 47136 |
Full Service B&M
|
$31,502 |
First Harrison Bank |
2754 Allison Lane Jeffersonville, IN 47130 |
Full Service B&M
|
$25,065 |
First Harrison Bank |
3131 Grantline Road New Albany, IN 47150 |
Full Service B&M
|
$48,934 |
First Harrison Bank |
391 Old Capitol Plaza Corydon, IN 47112 |
Full Service B&M
|
$13,054 |
First Harrison Bank |
4303 Charlestown Road New Albany, IN 47150 |
Full Service B&M
|
$51,019 |
First Harrison Bank |
5100 Hwy 64 Georgetown, IN 47122 |
Full Service B&M
|
$38,728 |
First Harrison Bank |
550 John Harper Highway Shepherdsville, KY 40165 |
Full Service B&M
|
$24,513 |
First Harrison Bank |
5609 Williamsburg Station Rd Floyds Knobs, IN 47119 |
Full Service B&M
|
$37,646 |
First Harrison Bank |
710 Main Street Palmyra, IN 47164 |
Full Service B&M
|
$84,435 |
First Harrison Bank |
735 Hwy 62 Charlestown, IN 47111 |
Full Service B&M
|
$2,520 |
First Harrison Bank |
8095 Highway 135 Ne New Salisbury, IN 47161 |
Full Service B&M
|
$47,249 |
First Harrison Bank |
9849 Highway 150 Greenville, IN 47124 |
Full Service B&M
|
$41,136 |
First Harrison Bank |
130 South Buckman Shepherdsville, KY 40165 |
Full Service B&M
|
$19,678 |
For 2021, First Harrison Bank had 18 branches.
Yearly Performance Overview
Bank Income
First Harrison Bank's gross interest income from loans was $29,395,000.
First Harrison Bank's net interest income from loans was $28,252,000.
First Harrison Bank's fee based income from loans was $1,737,000.
First Harrison Bank's net income from loans was $10,786,000.
Bank Expenses
Item |
Value (in 000's) |
Total interest expense |
$1,143 |
Provision for credit losses |
$-325 |
Total noninterest expense |
$24,633 |
Salaries and employee benefits |
$14,007 |
Premises and equipment expense |
$2,039 |
Additional noninterest expense |
$8,587 |
Applicable income taxes |
$2,342 |
Net charge-offs |
$217 |
Cash dividends |
$1,800 |
First Harrison Bank's interest expense for loans was $1,143,000.
First Harrison Bank's payroll and benefits expense were $14,007,000.
First Harrison Bank's property, plant and equipment expenses $2,039,000.
Deposits
Type |
Value (in 000's) |
Total deposits |
$1,037,990 |
Deposits held in domestic offices |
$1,037,990 |
Deposits by Individuals, partnerships, and corporations |
$887,151 |
Deposits by U.S. Government |
$0 |
Deposits by States and political subdivisions in the U.S. |
$150,839 |
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 |
$635,926 |
Demand deposits |
$243,250 |
Nontransaction accounts |
$402,064 |
Money market deposit accounts (MMDAs) |
$73,781 |
Other savings deposits (excluding MMDAs) |
$270,630 |
Total time deposits |
$57,653 |
Total time and savings deposits |
$794,740 |
Noninterest-bearing deposits |
$243,250 |
Interest-bearing deposits |
$794,740 |
Retail deposits |
$1,030,229 |
IRAs and Keogh plan accounts |
$34,147 |
Brokered deposits |
$0 |
Deposits held in foreign offices |
$0 |
Assets
Asset |
Value (in 000's) |
Total Assets |
$1,151,118 |
Cash & Balances due from depository institutions |
$170,537 |
Interest-bearing balances |
$145,651 |
Total securities |
$448,731 |
Federal funds sold & reverse repurchase |
$4,562 |
Net loans and leases |
$485,700 |
Loan and leases loss allowance |
$6,083 |
Trading account assets |
$0 |
Bank premises and fixed assets |
$15,237 |
Other real estate owned |
$36 |
Goodwill and other intangibles |
$6,998 |
All other assets |
$19,317 |
Liabilities
Liabilities |
Value (in 000's) |
Total liabilities and capital |
$1,151,118 |
Total Liabilities |
$1,043,411 |
Total deposits |
$1,037,990 |
Interest-bearing deposits |
$794,740 |
Deposits held in domestic offices |
$1,037,990 |
% insured (estimated) |
$72 |
Federal funds purchased and repurchase agreements |
$0 |
Trading liabilities |
$0 |
Other borrowed funds |
$0 |
Subordinated debt |
$0 |
All other liabilities |
$5,421 |
Issued Loan Types
Type |
Value (in 000's) |
Net loans and leases |
$485,700 |
Loan and leases loss allowance |
$6,083 |
Total loans and leases (domestic) |
$491,783 |
All real estate loans |
$378,738 |
Real estate loans in domestic offices |
$378,738 |
Construction and development loans |
$52,612 |
Residential 1-4 family construction |
$17,054 |
Other construction, all land development and other land |
$35,558 |
Loans secured by nonfarm nonresidential properties |
$132,662 |
Nonfarm nonresidential secured by owner-occupied properties |
$63,977 |
Commercial real estate & other non-farm, non-residential |
$68,685 |
Multifamily residential real estate |
$29,842 |
1-4 family residential loans |
$158,879 |
Farmland loans |
$4,743 |
Loans held in foreign offices |
$0 |
Farm loans |
$1,570 |
Commercial and industrial loans |
$52,228 |
To non-U.S. addressees |
$0 |
Loans to individuals |
$54,198 |
Credit card loans |
$0 |
Related Plans |
$1,844 |
Consumer Auto Loans |
$32,561 |
Other loans to individuals |
$19,793 |
All other loans & leases |
$5,049 |
Loans to foreign governments and official institutions |
$0 |
Other loans |
$77 |
Loans to depository institutions and acceptances of other banks |
$0 |
Loans not secured by real estate |
$949 |
Loans secured by real estate to non-U.S. addressees |
$0 |
Restructured Loans & leases |
$957 |
Non 1-4 family restructured loans & leases |
$759 |
Total loans and leases (foreign) |
$0 |
First Harrison Bank had $485,700,000 of loans outstanding in 2021. $378,738,000 of loans were in real estate loans.
$52,612,000 of loans were in development loans. $29,842,000 of loans were in multifamily mortgage loans.
$158,879,000 of loans were in 1-4 family mortgage loans. $1,570,000 of loans were in farm loans. $0
of loans were in credit card loans. $32,561,000 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 |
286 |
$55,235 |
$193,129 |
Nonfarm, nonresidential loans - <$100k |
70 |
$3,234 |
$46,200 |
Nonfarm, nonresidential loans - $100-250k |
111 |
$14,416 |
$129,874 |
Nonfarm, nonresidential loans - $250k-1MM |
105 |
$37,585 |
$357,952 |
Commercial & Industrial, US addressed loans - <$1MM |
613 |
$36,446 |
$59,455 |
Commercial & Industrial, US addressed loans - <$100k |
434 |
$11,410 |
$26,290 |
Commercial & Industrial, US addressed loans - $100-250k |
123 |
$10,894 |
$88,569 |
Commercial & Industrial, US addressed loans - $250k-1MM |
56 |
$14,142 |
$252,536 |
Farmland loans - <$1MM |
14 |
$2,410 |
$172,143 |
Farmland loans - <$100k |
3 |
$180 |
$60,000 |
Farmland loans - $100-250k |
6 |
$904 |
$150,667 |
Farmland loans - $250k-1MM |
5 |
$1,326 |
$265,200 |
Agriculture operations loans - <$1MM |
38 |
$1,569 |
$41,289 |
Agriculture operations loans - <$100k |
32 |
$825 |
$25,781 |
Agriculture operations loans - $100-250k |
5 |
$355 |
$71,000 |
Agriculture operations loans - $250k-1MM |
1 |
$389 |
$389,000 |