First Harrison Bank Mortgage Rates, Fees & Info

Corydon, IN

LEI: 549300LGEXCX325O8C49

Tax ID: 35-0634720

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Mortgage Data

Bank Data

Review & 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 by origination volume include: Louisville, Bardstown, Crestview, Las Vegas, and Elizabethtown among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Harrison Bank 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 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% 4/18/24
30 Year Conventional Purchase 6.64% 4/18/24
30 Year Conventional Refi 6.76% 4/18/24
30 Year Cash-out Refi 6.91% 4/18/24
30 Year FHA Purchase 7.30% 4/18/24
30 Year FHA Refi 7.10% 4/18/24
30 Year VA Refi 6.27% 4/18/24
30 Year USDA Purchase 7.09% 4/18/24
15 Year Conventional Purchase 6.49% 4/18/24
15 Year Conventional Refi 6.16% 4/18/24
15 Year Cash-out Refi 6.16% 4/18/24
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

961

Origination Dollar Volume (All Markets)

$164,285,000

Employee count

198 Show all (12) 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) 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, Bardstown, Crestview, Las Vegas, and Elizabethtown among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, First Harrison Bank's most frequently originated type of loan was Conventional, with 904 originations. Their 2nd most popular type was FHA, with 43 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, First Harrison Bank's most frequently cited loan purpose was Refi, with 315 originations. The 2nd most popular reason was 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 2021, First Harrison Bank's most frequently cited loan duration was 30 Year, with 483 originations. The 2nd most popular length was 15 Year, with 204 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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

    First Harrison Bank's average total fees were $2,623, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.97%, while their most frequently originated rate bucket for loans was 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
    90.51%

    First Harrison Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.02%

    First Harrison Bank has an 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 130 South Buckman Shepherdsville, KY 40165 Full Service B&M $19,678
    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

    For 2021, First Harrison Bank had 18 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $29,395
    Net interest income $28,252
    Total noninterest income $9,177
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,737
    Trading account gains and fees $0
    Additional Noninterest Income $7,440
    Pre-tax net operating income $13,121
    Securities gains (or losses, -) $7
    Income before extraordinary items $10,786
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,786
    Minority interest net income $0
    Net income $10,786
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $10,780

    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.

    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 $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