First Harrison Bank Mortgage Rates, Fees & Info

Corydon, IN

LEI: 549300LGEXCX325O8C49

Tax ID: 35-0634720

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    First Harrison Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and 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 by origination volume include: Louisville, Bardstown, Elizabethtown, Nashville, and Sevierville among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Harrison Bank 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 Harrison Bank 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% 4/21/24
    30 Year Conventional Purchase 6.64% 4/21/24
    30 Year Conventional Refi 6.76% 4/21/24
    30 Year Cash-out Refi 6.91% 4/21/24
    30 Year FHA Purchase 7.30% 4/21/24
    30 Year FHA Refi 7.10% 4/21/24
    30 Year VA Refi 6.27% 4/21/24
    30 Year USDA Purchase 7.09% 4/21/24
    15 Year Conventional Purchase 6.49% 4/21/24
    15 Year Conventional Refi 6.16% 4/21/24
    15 Year Cash-out Refi 6.16% 4/21/24
    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 Harrison Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from First Harrison Bank. 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

    702

    Origination Dollar Volume (All Markets)

    $96,940,000

    Employee count

    195 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
    LOUISVILLE, KY (FHA|USDA|VA) 640 $89,860,000 $140,406 $2,027 4.49%
    Outside of Metro Areas 34 $3,540,000 $104,118 $1,899 4.96%
    Bardstown, KY (FHA|USDA|VA) 8 $1,250,000 $156,250 $3,366 4.50%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 7 $875,000 $125,000 $3,140 4.46%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $240,000 $120,000 $2,779 4.31%
    Sevierville, TN (FHA|USDA|VA) 1 $235,000 $235,000 $0 4.99%
    Seymour, IN (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.02%
    BOWLING GREEN, KY (FHA|USDA|VA) 3 $185,000 $61,667 $1,593 6.46%
    Ozark, AL (FHA|USDA|VA) 1 $175,000 $175,000 $2,757 3.88%
    Glasgow, KY (FHA|USDA|VA) 1 $105,000 $105,000 $2,327 3.88%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $105,000 $105,000 $4,024 3.38%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 2 $90,000 $45,000 $0 5.75%
    MUNCIE, IN (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.25%
    First Harrison Bank's top markets include Louisville, Bardstown, Elizabethtown, Nashville, and Sevierville among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)

    • Similar Lenders

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

    Guardian Savings Bank, A Federal Savings Bank
    Similarity Rank: 360
    Advanz Federal Credit Union
    Similarity Rank: 360
    The Peoples Bank
    Similarity Rank: 400
    COMMONWEALTH
    Similarity Rank: 408
    TRANSCEND
    Similarity Rank: 702
    Abound Federal Credit Union
    Similarity Rank: 752
    PARK COMMUNITY CREDIT UNION, INC.
    Similarity Rank: 912
    SOVEREIGN LENDING GROUP INCORPORATED
    Similarity Rank: 1182
    First Harrison Bank
    Similarity Rank: 1287
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 1392

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 656 $90,030,000 $137,241 $1,837 4.57%
    FHA 28 $4,400,000 $157,143 $5,274 3.82%
    USDA 18 $2,510,000 $139,444 $3,735 3.99%

    For 2019, First Harrison Bank's most frequently originated type of loan was Conventional, with 656 originations. Their 2nd most popular type was FHA, with 28 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 278 $45,450,000 $163,489 $2,644 4.34%
    Cash Out Refi 187 $22,065,000 $117,995 $1,912 4.58%
    Refi 179 $27,205,000 $151,983 $1,933 4.25%
    Other 32 $1,390,000 $43,438 $392 6.06%
    Home Improvement 26 $830,000 $31,923 $334 6.06%

    For 2019, First Harrison Bank's most frequently cited loan purpose was Home Purchase, with 278 originations. The 2nd most popular reason was Cash Out Refi, with 187 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 340 $57,490,000 $169,088 $2,572 4.17%
    15 Year 113 $17,145,000 $151,726 $2,118 3.82%
    10 Year 87 $4,435,000 $50,977 $702 6.00%
    20 Year 79 $10,525,000 $133,228 $2,200 4.66%
    Other 44 $5,630,000 $127,955 $952 5.42%
    5 Year 36 $1,470,000 $40,833 $326 4.99%
    1 Year 2 $220,000 $110,000 $0 5.38%
    3 Year 1 $25,000 $25,000 $212 4.38%

    For 2019, First Harrison Bank's most frequently cited loan duration was 30 Year, with 340 originations. The 2nd most popular length was 15 Year, with 113 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 572 $79,640,000 $139,231
    $1k-2k 28 $4,490,000 $160,357
    $2k-3k 8 $1,150,000 $143,750
    $3k-4k 2 $470,000 $235,000
    $5k+ 1 $185,000 $185,000

    First Harrison Bank's average total fees were $2,572, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 572 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 280 $48,290,000 $172,464
    4-5% 233 $31,795,000 $136,459
    5-6% 107 $9,975,000 $93,224
    6-7% 37 $2,805,000 $75,811
    7-8% 16 $560,000 $35,000
    2.5-3% 15 $2,905,000 $193,667
    Over 8% 10 $360,000 $36,000
    <2.5% 4 $250,000 $62,500

    During 2019, First Harrison Bank's average interest rate for loans was 4.17%, while their most frequently originated rate bucket for loans was 3-4%, with 280 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 303 $16,715,000 $55,165 $1,344 5.11%
    $100k-200k 238 $33,810,000 $142,059 $2,465 4.11%
    $200k-400k 146 $37,810,000 $258,973 $2,587 4.00%
    $400k-600k 11 $5,225,000 $475,000 $2,678 3.99%
    $600k-1MM 3 $2,175,000 $725,000 $2,717 4.83%
    $1MM+ 1 $1,205,000 $1,205,000 $0 5.00%

    2019 saw First Harrison Bank place emphasis on $100,000 or less loans with 303 originations, totaling $16,715,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 198 $17,580,000 $88,788 $2,070 4.59%
    $50k-75k 161 $19,715,000 $122,453 $2,035 4.46%
    $75k-100k 136 $20,720,000 $152,353 $2,194 4.57%
    $100k-150k 105 $19,965,000 $190,143 $2,013 4.35%
    $150k-250k 36 $7,430,000 $206,389 $1,986 4.31%
    $250k+ 11 $3,755,000 $341,364 $2,437 4.25%

    First Harrison Bank lent most frequently to those with incomes in the $50k or less range, with 198 originations. The second most popular income band? $50k-75k, with 161 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 159 $19,735,000 $124,119 $1,924 4.54%
    30-36% 131 $17,915,000 $136,756 $2,001 4.47%
    <20% 86 $9,720,000 $113,023 $1,797 4.55%
    37% 24 $3,700,000 $154,167 $1,868 4.39%
    >60% 23 $3,445,000 $149,783 $1,917 5.33%
    39% 22 $3,590,000 $163,182 $2,128 4.57%
    40% 22 $4,440,000 $201,818 $2,151 4.07%
    41% 21 $3,165,000 $150,714 $1,981 4.33%
    50-60% 20 $1,920,000 $96,000 $2,959 4.90%
    42% 18 $3,090,000 $171,667 $2,422 4.17%
    36% 18 $2,180,000 $121,111 $2,386 4.55%
    45% 17 $2,655,000 $156,176 $2,702 3.93%
    38% 17 $2,275,000 $133,824 $2,096 4.55%
    44% 16 $3,270,000 $204,375 $2,866 4.22%
    43% 15 $2,285,000 $152,333 $2,756 4.02%
    46% 14 $2,220,000 $158,571 $2,088 4.65%
    47% 11 $1,485,000 $135,000 $1,844 4.52%
    48% 7 $1,305,000 $186,429 $2,034 4.48%
    49% 7 $995,000 $142,143 $2,961 4.39%

    First Harrison Bank lent most frequently to those with DTI ratios of 20-30%, with 159 originations. The next most common DTI ratio? 30-36%, with 131 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 645 $88,295,000 $136,891 $2,044 4.51%
    Not applicable 46 $7,230,000 $157,174 $212 4.76%
    American Indian 4 $410,000 $102,500 $2,071 4.94%
    Not provided 3 $375,000 $125,000 $3,597 3.71%
    Asian 1 $335,000 $335,000 $2,598 3.75%
    Black 3 $295,000 $98,333 $3,028 4.33%

    Approval Rates

    Total approvals of all applications
    86.36%

    First Harrison Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.62%

    First Harrison Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 702 $96,940,000 $138,091

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $3,750,000 $468,750
    Single Family (1-4 Units):Manufactured 63 $3,915,000 $62,143
    Single Family (1-4 Units):Site-Built 631 $89,275,000 $141,482

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 68 $4,180,000 $61,471 $1,169 4.94%
    40-60% 118 $14,870,000 $126,017 $1,905 4.44%
    60-80% 267 $44,475,000 $166,573 $2,222 4.34%
    80-100% 184 $30,520,000 $165,870 $2,902 4.34%
    Over 100% 1 $45,000 $45,000 $1,470 6.75%
    Under 20% 64 $2,850,000 $44,531 $333 5.50%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK FHA mortgage Trouble during payment process 2 13.3%
    FIRST HORIZON BANK FHA mortgage Struggling to pay mortgage 1 6.7%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 4 26.7%
    FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 1 6.7%
    FIRST HORIZON BANK VA mortgage Closing on a mortgage 1 6.7%
    FIRST HORIZON BANK VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.7%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 6.7%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 3 20.0%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Closing on a mortgage 1 6.7%

    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 $22,265
    First Harrison Bank 130 South Buckman Shepherdsville, KY 40165 Full Service B&M $9,031
    First Harrison Bank 1312 Jackson Street Salem, IN 47167 Full Service B&M $54,028
    First Harrison Bank 140 South Poplar Street Lebanon Junction, KY 40150 Full Service B&M $24,576
    First Harrison Bank 1612 Highway 44 East Shepherdsville, KY 40165 Full Service B&M $148,069
    First Harrison Bank 220 Federal Dr Nw Corydon, IN 47112 Full Service B&M $163,855
    First Harrison Bank 2420 Barron Ave Ne Lanesville, IN 47136 Full Service B&M $25,123
    First Harrison Bank 2754 Allison Lane Jeffersonville, IN 47130 Full Service B&M $17,194
    First Harrison Bank 3131 Grantline Road New Albany, IN 47150 Full Service B&M $38,327
    First Harrison Bank 391 Old Capitol Plaza Corydon, IN 47112 Full Service B&M $10,196
    First Harrison Bank 4303 Charlestown Road New Albany, IN 47150 Full Service B&M $36,053
    First Harrison Bank 5100 Hwy 64 Georgetown, IN 47122 Full Service B&M $25,681
    First Harrison Bank 550 John Harper Highway Shepherdsville, KY 40165 Full Service B&M $16,325
    First Harrison Bank 5609 Williamsburg Station Rd Floyds Knobs, IN 47119 Full Service B&M $23,052
    First Harrison Bank 710 Main Street Palmyra, IN 47164 Full Service B&M $61,287
    First Harrison Bank 735 Hwy 62 Charlestown, IN 47111 Full Service B&M $1,494
    First Harrison Bank 8095 Highway 135 Ne New Salisbury, IN 47161 Full Service B&M $31,702
    First Harrison Bank 9849 Highway 150 Greenville, IN 47124 Full Service B&M $29,951

    For 2019, First Harrison Bank had 18 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $31,831
    Net interest income $29,856
    Total noninterest income $7,180
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,974
    Trading account gains and fees $0
    Additional Noninterest Income $5,206
    Pre-tax net operating income $12,035
    Securities gains (or losses, -) $-147
    Income before extraordinary items $9,713
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,713
    Minority interest net income $0
    Net income $9,713
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,833

    First Harrison Bank's gross interest income from loans was $31,831,000.
    First Harrison Bank's net interest income from loans was $29,856,000.
    First Harrison Bank's fee based income from loans was $1,974,000.
    First Harrison Bank's net income from loans was $9,713,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,975
    Provision for credit losses $1,425
    Total noninterest expense $23,576
    Salaries and employee benefits $12,796
    Premises and equipment expense $1,955
    Additional noninterest expense $8,825
    Applicable income taxes $2,175
    Net charge-offs $429
    Cash dividends $3,600

    First Harrison Bank's interest expense for loans was $1,975,000.
    First Harrison Bank's payroll and benefits expense were $12,796,000.
    First Harrison Bank's property, plant and equipment expenses $1,955,000.

    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 1.0%
    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 $726,551
    Deposits held in domestic offices $726,551
    Deposits by Individuals, partnerships, and corporations $603,228
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $123,323
    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 $90,366
    Demand deposits $46,155
    Nontransaction accounts $636,185
    Money market deposit accounts (MMDAs) $61,348
    Other savings deposits (excluding MMDAs) $505,981
    Total time deposits $68,856
    Total time and savings deposits $680,396
    Noninterest-bearing deposits $146,636
    Interest-bearing deposits $579,915
    Retail deposits $720,754
    IRAs and Keogh plan accounts $36,562
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $823,006
    Cash & Balances due from depository institutions $54,701
    Interest-bearing balances $36,093
    Total securities $254,562
    Federal funds sold & reverse repurchase $478
    Net loans and leases $470,670
    Loan and leases loss allowance $5,061
    Trading account assets $0
    Bank premises and fixed assets $16,414
    Other real estate owned $170
    Goodwill and other intangibles $7,291
    All other assets $18,720

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $823,006
    Total Liabilities $731,867
    Total deposits $726,551
    Interest-bearing deposits $579,915
    Deposits held in domestic offices $726,551
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $5,316

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $470,670
    Loan and leases loss allowance $5,061
    Total loans and leases (domestic) $475,731
    All real estate loans $365,256
    Real estate loans in domestic offices $365,256
    Construction and development loans $51,378
    Residential 1-4 family construction $20,931
    Other construction, all land development and other land $30,447
    Loans secured by nonfarm nonresidential properties $116,780
    Nonfarm nonresidential secured by owner-occupied properties $48,782
    Commercial real estate & other non-farm, non-residential $67,998
    Multifamily residential real estate $25,184
    1-4 family residential loans $166,838
    Farmland loans $5,076
    Loans held in foreign offices $0
    Farm loans $1,350
    Commercial and industrial loans $45,419
    To non-U.S. addressees $0
    Loans to individuals $59,358
    Credit card loans $1,887
    Related Plans $3,608
    Consumer Auto Loans $37,239
    Other loans to individuals $16,624
    All other loans & leases $4,348
    Loans to foreign governments and official institutions $0
    Other loans $120
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,049
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,006
    Non 1-4 family restructured loans & leases $743
    Total loans and leases (foreign) $0

    First Harrison Bank had $470,670,000 of loans outstanding in 2019. $365,256,000 of loans were in real estate loans. $51,378,000 of loans were in development loans. $25,184,000 of loans were in multifamily mortgage loans. $166,838,000 of loans were in 1-4 family mortgage loans. $1,350,000 of loans were in farm loans. $1,887,000 of loans were in credit card loans. $37,239,000 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 265 $49,775 $187,830
    Nonfarm, nonresidential loans - <$100k 66 $3,029 $45,894
    Nonfarm, nonresidential loans - $100-250k 104 $13,097 $125,933
    Nonfarm, nonresidential loans - $250k-1MM 95 $33,649 $354,200
    Commercial & Industrial, US addressed loans - <$1MM 579 $33,176 $57,299
    Commercial & Industrial, US addressed loans - <$100k 434 $11,259 $25,942
    Commercial & Industrial, US addressed loans - $100-250k 96 $10,120 $105,417
    Commercial & Industrial, US addressed loans - $250k-1MM 49 $11,797 $240,755
    Farmland loans - <$1MM 16 $2,990 $186,875
    Farmland loans - <$100k 4 $168 $42,000
    Farmland loans - $100-250k 5 $702 $140,400
    Farmland loans - $250k-1MM 7 $2,120 $302,857
    Agriculture operations loans - <$1MM 35 $1,350 $38,571
    Agriculture operations loans - <$100k 28 $603 $21,536
    Agriculture operations loans - $100-250k 6 $585 $97,500
    Agriculture operations loans - $250k-1MM 1 $162 $162,000