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 Refi, Cash Out Refi, and Home Purchase 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, Bowling Green, Bardstown, Scottsburg, and Elizabethtown among others. We have data for 10 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% 11/22/24
    30 Year Conventional Purchase 6.64% 11/22/24
    30 Year Conventional Refi 6.76% 11/22/24
    30 Year Cash-out Refi 6.91% 11/22/24
    30 Year FHA Purchase 7.30% 11/22/24
    30 Year FHA Refi 7.10% 11/22/24
    30 Year VA Refi 6.27% 11/22/24
    30 Year USDA Purchase 7.09% 11/22/24
    15 Year Conventional Purchase 6.49% 11/22/24
    15 Year Conventional Refi 6.16% 11/22/24
    15 Year Cash-out Refi 6.16% 11/22/24
    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 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

    975

    Origination Dollar Volume (All Markets)

    $169,895,000

    Employee count

    195 Show all (9) 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) 909 $161,115,000 $177,244 $2,139 3.31%
    Outside of Metro Areas 43 $4,655,000 $108,256 $2,259 3.84%
    BOWLING GREEN, KY (FHA|USDA|VA) 5 $1,295,000 $259,000 $2,724 2.55%
    Bardstown, KY (FHA|USDA|VA) 8 $1,260,000 $157,500 $2,206 3.70%
    Scottsburg, IN (FHA|USDA|VA) 2 $430,000 $215,000 $2,076 2.38%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 4 $410,000 $102,500 $2,349 4.09%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $215,000 $215,000 $2,732 2.88%
    BLOOMINGTON, IN (FHA|USDA|VA) 1 $205,000 $205,000 $2,404 2.75%
    Glasgow, KY (FHA|USDA|VA) 1 $185,000 $185,000 $4,478 3.75%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $125,000 $125,000 $1,902 2.00%
    First Harrison Bank's top markets include Louisville, Bowling Green, Bardstown, Scottsburg, and Elizabethtown among others.

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

    COMMONWEALTH
    Similarity Rank: 625
    First Harrison Bank
    Similarity Rank: 980
    TRANSCEND
    Similarity Rank: 1395
    Centra Credit Union
    Similarity Rank: 1739
    Independence Bank of Kentucky
    Similarity Rank: 1768
    Abound Federal Credit Union
    Similarity Rank: 1888
    Central Bank
    Similarity Rank: 1932
    SOUTH CENTRAL BANK, INC.
    Similarity Rank: 1938
    THE MORTGAGE WAREHOUSE,LLC
    Similarity Rank: 2016
    PARK COMMUNITY CREDIT UNION, INC.
    Similarity Rank: 2057

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 929 $162,915,000 $175,366 $2,016 3.34%
    FHA 33 $4,965,000 $150,455 $5,057 3.19%
    USDA 13 $2,015,000 $155,000 $3,819 3.22%

    For 2020, First Harrison Bank's most frequently originated type of loan was Conventional, with 929 originations. Their 2nd most popular type was FHA, with 33 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 420 $68,720,000 $163,619 $1,951 3.07%
    Cash Out Refi 267 $42,855,000 $160,506 $2,160 3.40%
    Home Purchase 262 $57,320,000 $218,779 $2,662 3.50%
    Home Improvement 13 $545,000 $41,923 $333 5.11%
    Other 13 $455,000 $35,000 $675 5.24%

    For 2020, First Harrison Bank's most frequently cited loan purpose was Refi, with 420 originations. The 2nd most popular reason was Cash Out Refi, with 267 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 431 $78,935,000 $183,144 $2,482 3.23%
    15 Year 256 $40,600,000 $158,594 $2,088 2.82%
    20 Year 128 $21,020,000 $164,219 $2,109 3.59%
    10 Year 75 $18,015,000 $240,200 $1,113 4.04%
    Other 63 $10,225,000 $162,302 $1,678 4.23%
    5 Year 16 $600,000 $37,500 $446 4.72%
    1 Year 5 $485,000 $97,000 $0 5.00%
    3 Year 1 $15,000 $15,000 $350 4.45%

    For 2020, First Harrison Bank's most frequently cited loan duration was 30 Year, with 431 originations. The 2nd most popular length was 15 Year, with 256 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 860 $141,080,000 $164,047
    $1k-2k 38 $5,920,000 $155,789
    $2k-3k 8 $1,570,000 $196,250
    $5k+ 2 $520,000 $260,000
    $3k-4k 1 $285,000 $285,000

    First Harrison Bank's average total fees were $2,482, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 860 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 305 $57,465,000 $188,410
    3-4% 297 $63,385,000 $213,418
    <2.5% 210 $36,040,000 $171,619
    4-5% 94 $8,490,000 $90,319
    5-6% 44 $3,270,000 $74,318
    6-7% 16 $910,000 $56,875
    7-8% 9 $335,000 $37,222

    During 2020, First Harrison Bank's average interest rate for loans was 3.23%, while their most frequently originated rate bucket for loans was 2.5-3%, with 305 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 434 $63,350,000 $145,968 $2,217 3.07%
    $100,000 or less 263 $16,975,000 $64,544 $1,644 4.12%
    $200k-400k 254 $65,280,000 $257,008 $2,469 3.00%
    $400k-600k 21 $9,775,000 $465,476 $2,441 2.81%
    $1MM+ 2 $13,910,000 $6,955,000 $0 3.63%
    $600k-1MM 1 $605,000 $605,000 $2,707 4.00%

    2020 saw First Harrison Bank place emphasis on $100k-200k loans with 434 originations, totaling $63,350,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 248 $36,340,000 $146,532 $2,154 3.35%
    $50k or less 238 $25,060,000 $105,294 $2,057 3.44%
    $100k-150k 192 $38,150,000 $198,698 $2,120 3.07%
    $75k-100k 169 $29,455,000 $174,290 $2,260 3.16%
    $150k-250k 59 $16,715,000 $283,305 $2,279 3.02%
    $250k+ 15 $4,385,000 $292,333 $2,506 3.53%

    First Harrison Bank lent most frequently to those with incomes in the $50k-75k range, with 248 originations. The second most popular income band? $50k or less, with 238 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 277 $45,705,000 $165,000 $2,073 3.18%
    30-36% 172 $28,620,000 $166,395 $2,151 3.34%
    <20% 143 $21,325,000 $149,126 $1,996 3.10%
    37% 30 $4,760,000 $158,667 $2,068 3.45%
    43% 26 $4,000,000 $153,846 $2,642 3.21%
    38% 24 $3,840,000 $160,000 $1,941 3.42%
    40% 24 $3,880,000 $161,667 $2,461 3.48%
    39% 23 $3,095,000 $134,565 $2,298 3.67%
    41% 23 $3,535,000 $153,696 $2,207 3.45%
    42% 22 $4,050,000 $184,091 $2,285 3.01%
    46% 22 $4,240,000 $192,727 $2,199 3.06%
    44% 20 $3,550,000 $177,500 $2,132 3.28%
    50-60% 19 $2,815,000 $148,158 $2,930 3.86%
    45% 18 $2,890,000 $160,556 $2,232 3.27%
    47% 18 $3,890,000 $216,111 $2,456 3.10%
    48% 17 $3,245,000 $190,882 $2,536 2.89%
    49% 17 $3,475,000 $204,412 $2,442 3.17%
    36% 16 $2,460,000 $153,750 $2,309 3.01%
    >60% 11 $1,035,000 $94,091 $1,342 4.82%

    First Harrison Bank lent most frequently to those with DTI ratios of 20-30%, with 277 originations. The next most common DTI ratio? 30-36%, with 172 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 891 $144,305,000 $161,958 $2,149 3.28%
    Not applicable 51 $19,325,000 $378,922 $0 4.46%
    Not provided 21 $4,695,000 $223,571 $2,213 2.81%
    Black 4 $540,000 $135,000 $2,704 2.75%
    Asian 3 $415,000 $138,333 $2,090 2.96%
    Asian Indian 1 $255,000 $255,000 $2,234 2.63%
    American Indian 2 $170,000 $85,000 $2,047 3.81%
    Native Hawaiian or Islander 1 $115,000 $115,000 $2,128 2.75%
    Other Asian 1 $75,000 $75,000 $2,304 4.00%

    Approval Rates

    Total approvals of all applications
    85.62%

    First Harrison Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.28%

    First Harrison Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 975 $169,895,000 $174,251

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $14,405,000 $2,881,000
    Single Family (1-4 Units):Manufactured 73 $6,195,000 $84,863
    Single Family (1-4 Units):Site-Built 897 $149,295,000 $166,438

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 82 $6,910,000 $84,268 $1,528 3.85%
    40-60% 193 $25,925,000 $134,326 $1,983 3.15%
    60-80% 452 $95,800,000 $211,947 $2,165 3.21%
    80-100% 215 $40,105,000 $186,535 $2,780 3.30%
    Under 20% 33 $1,155,000 $35,000 $547 4.90%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Other type of mortgage Struggling to pay mortgage 1 6.7%
    FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.7%
    FIRST HORIZON BANK Conventional home mortgage Closing on a mortgage 1 6.7%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 4 26.7%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 3 20.0%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 6.7%
    FIRST HORIZON BANK Other type of mortgage Closing on a mortgage 2 13.3%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 2 13.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Harrison Bank 130 South Buckman Shepherdsville, KY 40165 Full Service B&M $9,807
    First Harrison Bank 100 South Bardstown Road Mount Washington, KY 40047 Full Service B&M $22,923
    First Harrison Bank 1312 Jackson Street Salem, IN 47167 Full Service B&M $53,194
    First Harrison Bank 140 South Poplar Street Lebanon Junction, KY 40150 Full Service B&M $27,516
    First Harrison Bank 1612 Highway 44 East Shepherdsville, KY 40165 Full Service B&M $148,478
    First Harrison Bank 220 Federal Dr Nw Corydon, IN 47112 Full Service B&M $180,187
    First Harrison Bank 2420 Barron Ave Ne Lanesville, IN 47136 Full Service B&M $28,889
    First Harrison Bank 2754 Allison Lane Jeffersonville, IN 47130 Full Service B&M $20,254
    First Harrison Bank 3131 Grantline Road New Albany, IN 47150 Full Service B&M $45,499
    First Harrison Bank 391 Old Capitol Plaza Corydon, IN 47112 Full Service B&M $11,679
    First Harrison Bank 4303 Charlestown Road New Albany, IN 47150 Full Service B&M $34,656
    First Harrison Bank 5100 Hwy 64 Georgetown, IN 47122 Full Service B&M $31,962
    First Harrison Bank 550 John Harper Highway Shepherdsville, KY 40165 Full Service B&M $19,612
    First Harrison Bank 5609 Williamsburg Station Rd Floyds Knobs, IN 47119 Full Service B&M $30,281
    First Harrison Bank 710 Main Street Palmyra, IN 47164 Full Service B&M $73,397
    First Harrison Bank 735 Hwy 62 Charlestown, IN 47111 Full Service B&M $2,303
    First Harrison Bank 8095 Highway 135 Ne New Salisbury, IN 47161 Full Service B&M $37,028
    First Harrison Bank 9849 Highway 150 Greenville, IN 47124 Full Service B&M $33,729

    For 2020, First Harrison Bank had 18 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $29,500
    Net interest income $27,923
    Total noninterest income $8,830
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,670
    Trading account gains and fees $0
    Additional Noninterest Income $7,160
    Pre-tax net operating income $11,788
    Securities gains (or losses, -) $0
    Income before extraordinary items $9,790
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,790
    Minority interest net income $0
    Net income $9,790
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,790

    First Harrison Bank's gross interest income from loans was $29,500,000.
    First Harrison Bank's net interest income from loans was $27,923,000.
    First Harrison Bank's fee based income from loans was $1,670,000.
    First Harrison Bank's net income from loans was $9,790,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,577
    Provision for credit losses $1,801
    Total noninterest expense $23,164
    Salaries and employee benefits $13,387
    Premises and equipment expense $2,098
    Additional noninterest expense $7,679
    Applicable income taxes $1,998
    Net charge-offs $237
    Cash dividends $1,800

    First Harrison Bank's interest expense for loans was $1,577,000.
    First Harrison Bank's payroll and benefits expense were $13,387,000.
    First Harrison Bank's property, plant and equipment expenses $2,098,000.

    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 $903,963
    Deposits held in domestic offices $903,963
    Deposits by Individuals, partnerships, and corporations $763,957
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $140,006
    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 $129,256
    Demand deposits $73,144
    Nontransaction accounts $774,707
    Money market deposit accounts (MMDAs) $71,317
    Other savings deposits (excluding MMDAs) $638,974
    Total time deposits $64,416
    Total time and savings deposits $830,819
    Noninterest-bearing deposits $226,190
    Interest-bearing deposits $677,773
    Retail deposits $896,513
    IRAs and Keogh plan accounts $36,560
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,013,447
    Cash & Balances due from depository institutions $179,283
    Interest-bearing balances $146,893
    Total securities $283,502
    Federal funds sold & reverse repurchase $280
    Net loans and leases $508,272
    Loan and leases loss allowance $6,625
    Trading account assets $0
    Bank premises and fixed assets $16,027
    Other real estate owned $0
    Goodwill and other intangibles $7,144
    All other assets $18,939

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,013,447
    Total Liabilities $909,639
    Total deposits $903,963
    Interest-bearing deposits $677,773
    Deposits held in domestic offices $903,963
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $5,676

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $508,272
    Loan and leases loss allowance $6,625
    Total loans and leases (domestic) $514,897
    All real estate loans $368,638
    Real estate loans in domestic offices $368,638
    Construction and development loans $40,819
    Residential 1-4 family construction $16,320
    Other construction, all land development and other land $24,499
    Loans secured by nonfarm nonresidential properties $131,563
    Nonfarm nonresidential secured by owner-occupied properties $65,054
    Commercial real estate & other non-farm, non-residential $66,509
    Multifamily residential real estate $37,313
    1-4 family residential loans $155,088
    Farmland loans $3,855
    Loans held in foreign offices $0
    Farm loans $1,888
    Commercial and industrial loans $80,828
    To non-U.S. addressees $0
    Loans to individuals $57,621
    Credit card loans $0
    Related Plans $3,274
    Consumer Auto Loans $34,271
    Other loans to individuals $20,076
    All other loans & leases $5,922
    Loans to foreign governments and official institutions $0
    Other loans $39
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,169
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,373
    Non 1-4 family restructured loans & leases $831
    Total loans and leases (foreign) $0

    First Harrison Bank had $508,272,000 of loans outstanding in 2020. $368,638,000 of loans were in real estate loans. $40,819,000 of loans were in development loans. $37,313,000 of loans were in multifamily mortgage loans. $155,088,000 of loans were in 1-4 family mortgage loans. $1,888,000 of loans were in farm loans. $0 of loans were in credit card loans. $34,271,000 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 270 $53,851 $199,448
    Nonfarm, nonresidential loans - <$100k 61 $2,639 $43,262
    Nonfarm, nonresidential loans - $100-250k 106 $13,944 $131,547
    Nonfarm, nonresidential loans - $250k-1MM 103 $37,268 $361,825
    Commercial & Industrial, US addressed loans - <$1MM 948 $57,316 $60,460
    Commercial & Industrial, US addressed loans - <$100k 739 $19,263 $26,066
    Commercial & Industrial, US addressed loans - $100-250k 133 $15,155 $113,947
    Commercial & Industrial, US addressed loans - $250k-1MM 76 $22,898 $301,289
    Farmland loans - <$1MM 12 $2,183 $181,917
    Farmland loans - <$100k 3 $130 $43,333
    Farmland loans - $100-250k 4 $559 $139,750
    Farmland loans - $250k-1MM 5 $1,494 $298,800
    Agriculture operations loans - <$1MM 43 $1,888 $43,907
    Agriculture operations loans - <$100k 36 $776 $21,556
    Agriculture operations loans - $100-250k 5 $428 $85,600
    Agriculture operations loans - $250k-1MM 2 $684 $342,000