Bank Of Idaho Mortgage Rates, Fees & Info

Idaho Falls, ID

LEI: 549300SE6YAYK0PZZR74

Tax ID: 82-0398499

5 stars - out of 5 stars, based on 27 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Bank Of Idaho is a smaller bank specializing in Refi and Home Purchase loans. Bank Of Idaho 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 Boise City, Idaho Falls, Pocatello, Twin Falls, and Rexburg among others. Bank Of Idaho has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Bank Of Idaho is typically an average fee lendor.


Originations

751

Origination Dollar Volume (All Markets)

$198,735,000

Employee count

154 Show all (9) awards

Relative Rate

Bank Of Idaho's average 30 year fixed rate mortgage of loans were 2.96%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.19%.

Relative Fees

Bank Of Idaho's average total fees for a 30 year fixed rate mortgage are $5,188.

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
BOISE CITY, ID (FHA|USDA|VA) 193 $62,735,000 $325,052 $3,889 3.02%
IDAHO FALLS, ID (FHA|USDA|VA) 128 $30,200,000 $235,938 $5,125 2.73%
POCATELLO, ID (FHA|USDA|VA) 120 $24,910,000 $207,583 $4,674 2.99%
Outside of Metro Areas 92 $21,270,000 $231,196 $6,138 2.87%
TWIN FALLS, ID (FHA|USDA|VA) 72 $17,840,000 $247,778 $5,744 2.93%
Rexburg, ID (FHA|USDA|VA) 42 $10,480,000 $249,524 $5,286 2.90%
Blackfoot, ID (FHA|USDA|VA) 39 $10,085,000 $258,590 $5,697 2.93%
Jackson, WY-ID (FHA|USDA|VA) 12 $4,440,000 $370,000 $6,710 2.82%
Burley, ID (FHA|USDA|VA) 8 $1,630,000 $203,750 $5,597 3.05%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $1,470,000 $735,000 $9,426 3.38%
Ontario, OR-ID (FHA|USDA|VA) 4 $1,090,000 $272,500 $5,698 2.91%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $920,000 $460,000 $3,974 2.69%
Outside of Metro Areas 1 $805,000 $805,000 $15,938 3.63%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $775,000 $775,000 $10,312 2.88%
Hailey, ID (FHA|USDA|VA) 2 $750,000 $375,000 $6,851 2.75%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $740,000 $370,000 $4,206 2.50%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $710,000 $355,000 $3,114 2.89%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $670,000 $335,000 $5,493 2.88%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $650,000 $325,000 $4,430 3.56%
PROVO-OREM, UT (FHA|USDA|VA) 1 $565,000 $565,000 $8,788 3.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $545,000 $545,000 $6,498 2.63%
LEWISTON, ID-WA (FHA|USDA|VA) 1 $505,000 $505,000 $4,059 3.38%
Mountain Home, ID (FHA|USDA|VA) 2 $490,000 $245,000 $11,264 2.50%
NILES, MI (FHA|USDA|VA) 1 $465,000 $465,000 $7,141 3.12%
Sandpoint, ID (FHA|USDA|VA) 1 $425,000 $425,000 $8,455 2.75%
BILLINGS, MT (FHA|USDA|VA) 1 $385,000 $385,000 $3,536 2.63%
MADERA, CA (FHA|USDA|VA) 1 $385,000 $385,000 $2,248 3.00%
Cedar City, UT (FHA|USDA|VA) 1 $315,000 $315,000 $5,608 2.88%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $315,000 $315,000 $5,599 2.88%
RENO, NV (FHA|USDA|VA) 1 $275,000 $275,000 $3,393 3.25%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $275,000 $275,000 $6,183 2.50%
MISSOULA, MT (FHA|USDA|VA) 1 $255,000 $255,000 $2,713 2.25%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $215,000 $215,000 $5,070 2.87%
BAY CITY, MI (FHA|USDA|VA) 1 $195,000 $195,000 $779 2.63%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $195,000 $195,000 $4,339 2.85%
PITTSBURGH, PA (FHA|USDA|VA) 1 $195,000 $195,000 $8,820 2.63%
FORT WAYNE, IN (FHA|USDA|VA) 4 $190,000 $47,500 $2,034 4.09%
KNOXVILLE, TN (FHA|USDA|VA) 1 $175,000 $175,000 $4,284 2.88%
Sonora, CA (FHA|USDA|VA) 1 $135,000 $135,000 $3,481 3.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $65,000 $65,000 $2,966 3.00%

Bank Of Idaho's top markets include Boise City, Idaho Falls, Pocatello, Twin Falls, and Rexburg among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 653 $173,625,000 $265,888 $4,646 2.96%
FHA 44 $9,800,000 $222,727 $8,490 2.79%
VA 39 $11,725,000 $300,641 $6,700 2.59%
USDA 15 $3,585,000 $239,000 $7,404 2.53%

For the 2021 period, Bank Of Idaho's most frequently originated loan type of loans were Conventional, with 653 originations. Their 2nd most popular type is FHA, with 44 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 452 $111,090,000 $245,774 $4,430 2.85%
Home Purchase 295 $87,385,000 $296,220 $5,991 3.01%
Cash Out Refi 4 $260,000 $65,000 $566 5.13%

For the 2021, Bank Of Idaho's most frequently cited loan purpose of loans were Refi, with 452 originations. The 2nd most popular reason of loans were Home Purchase, with 295 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 633 $176,535,000 $278,886 $5,188 2.96%
15 Year 75 $14,825,000 $197,667 $4,100 2.34%
10 Year 18 $1,240,000 $68,889 $1,677 4.11%
20 Year 18 $4,000,000 $222,222 $4,583 2.83%
Other 6 $1,310,000 $218,333 $4,801 2.63%
5 Year 1 $825,000 $825,000 $13,516 3.63%

For the 2021, Bank Of Idaho's most frequently cited loan length of loans were 30 Year, with 633 originations. The 2nd most popular length of loans were 15 Year, with 75 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 220 $61,710,000 $280,500
$2k-3k 198 $43,390,000 $219,141
$3k-4k 170 $56,860,000 $334,471
$1k-2k 127 $17,555,000 $138,228
$5k+ 35 $19,005,000 $543,000

$5,188 of loans were Bank Of Idaho's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 220 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 364 $97,160,000 $266,923
3-4% 201 $60,515,000 $301,070
<2.5% 166 $39,540,000 $238,193
4-5% 19 $1,435,000 $75,526
6-7% 1 $85,000 $85,000

During 2021, Bank Of Idaho's average interest rate of loans were 2.96%, while their most frequently originated rate bucket of loans were 2.5-3%, with 364 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 367 $104,195,000 $283,910 $5,562 2.88%
$100k-200k 228 $35,000,000 $153,509 $3,838 2.88%
$400k-600k 101 $48,135,000 $476,584 $6,225 2.93%
$100,000 or less 45 $2,565,000 $57,000 $2,263 3.36%
$600k-1MM 8 $6,000,000 $750,000 $11,024 3.52%
$1MM+ 2 $2,840,000 $1,420,000 $6,123 3.44%

2021 saw Bank Of Idaho place emphasis on $200k-400k loans with 367 originations, totaling $104,195,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 195 $44,765,000 $229,564 $4,975 2.87%
$75k-100k 152 $38,970,000 $256,382 $5,337 2.94%
$100k-150k 121 $36,565,000 $302,190 $5,336 2.85%
$50k or less 121 $20,645,000 $170,620 $4,162 2.84%
$150k-250k 88 $30,130,000 $342,386 $5,107 2.99%
$250k+ 71 $25,575,000 $360,211 $5,208 3.19%

Bank Of Idaho lent most frequently to those with incomes in the $50k-75k range, with 195 originations. The second most popular income band? $75k-100k, with 152 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 175 $43,935,000 $251,057 $4,616 2.85%
30-36% 139 $39,135,000 $281,547 $5,194 2.91%
<20% 95 $23,405,000 $246,368 $4,576 2.92%
44% 45 $12,285,000 $273,000 $5,435 3.04%
38% 37 $10,345,000 $279,595 $5,397 2.94%
37% 32 $8,320,000 $260,000 $5,277 2.84%
42% 27 $8,385,000 $310,556 $5,740 2.83%
39% 25 $6,545,000 $261,800 $5,106 3.00%
40% 25 $6,025,000 $241,000 $4,915 3.00%
43% 23 $5,945,000 $258,478 $4,829 3.16%
41% 20 $5,380,000 $269,000 $5,083 3.08%
48% 18 $4,740,000 $263,333 $5,053 3.03%
36% 16 $4,320,000 $270,000 $5,646 2.87%
46% 16 $4,460,000 $278,750 $4,570 3.15%
45% 14 $3,600,000 $257,143 $5,379 3.28%
49% 14 $3,680,000 $262,857 $5,547 2.94%
50-60% 13 $3,285,000 $252,692 $6,565 2.62%
47% 11 $3,085,000 $280,455 $5,170 2.85%

Bank Of Idaho lent most frequently to those with DTI ratios of 20-30%, with 175 originations. The next most common DTI ratio? 30-36%, with 139 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 683 $180,915,000 $264,883 $5,018 2.91%
Not provided 47 $11,265,000 $239,681 $4,426 3.05%
Asian 11 $4,165,000 $378,636 $5,771 3.05%
Black 5 $1,225,000 $245,000 $6,684 2.85%
American Indian 4 $930,000 $232,500 $5,980 3.00%
Native Hawaiian 1 $235,000 $235,000 $5,212 2.75%

Approval Rates

Total approvals of all applications
97.10%

Bank Of Idaho has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
93.04%

Bank Of Idaho has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 751 $198,735,000 $264,627

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
751 $198,735,000 $264,627

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 73 $12,605,000 $172,671 $3,217 2.65%
40-60% 164 $36,890,000 $224,939 $4,203 2.77%
60-80% 304 $92,920,000 $305,658 $5,253 3.01%
80-100% 190 $54,250,000 $285,526 $6,097 2.89%
Over 100% 3 $1,215,000 $405,000 $17,615 2.29%
Under 20% 17 $855,000 $50,294 $1,113 4.49%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 5 16.7%
BANK OF THE WEST VA mortgage Trouble during payment process 1 3.3%
BANK OF THE WEST Other type of mortgage Trouble during payment process 2 6.7%
BANK OF THE WEST Other type of mortgage Struggling to pay mortgage 1 3.3%
BANK OF THE WEST Other type of mortgage Closing on a mortgage 1 3.3%
BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.3%
BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 3 10.0%
BANK OF THE WEST Home equity loan or line of credit (HELOC) Closing on a mortgage 4 13.3%
BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 6.7%
BANK OF THE WEST FHA mortgage Trouble during payment process 1 3.3%
BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 2 6.7%
BANK OF THE WEST Conventional home mortgage Closing on a mortgage 1 3.3%
BANK OF THE WEST Conventional home mortgage Trouble during payment process 6 20.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Bank of Idaho 135 N. Bridge Street Saint Anthony, ID 83445 Full Service B&M $46,392
Bank of Idaho 1800 Channing Way Idaho Falls, ID 83403 Full Service B&M $98,640
Bank of Idaho 2300 Via Caporatti Drive Pocatello, ID 83201 Full Service B&M $25,848
Bank of Idaho 324 12th Ave S Nampa, ID 83651 Full Service B&M $28,381
Bank of Idaho 350 Memorial Dr, Ste 200 Idaho Falls, ID 83402 Limited, Trust Office $0
Bank of Idaho 350 Memorial Dr, Ste 200 Idaho Falls, ID 83402 Limited, Administrative $0
Bank of Idaho 3976 Us Hwy 20 Island Park, ID 83429 Full Service B&M $23,580
Bank of Idaho 399 North Capital Avenue Idaho Falls, ID 83402 Full Service B&M $203,375
Bank of Idaho 600 Main Street Ashton, ID 83420 Full Service B&M $42,994
Bank of Idaho 6981 West Overland Road Boise, ID 83709 Full Service B&M $49,330
Bank of Idaho 999 West Main Street, Suite 101 Boise, ID 83702 Full Service B&M $16,454
Bank of Idaho 1230 Yellowstone Avenue Pocatello, ID 83201 Full Service B&M $54,085

For 2021, Bank Of Idaho had 12 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $25,681
Net interest income $25,306
Total noninterest income $10,570
Gross Fiduciary activities income $2,057
Service charges on deposit accounts $422
Trading account gains and fees $0
Additional Noninterest Income $8,091
Pre-tax net operating income $8,934
Securities gains (or losses, -) $116
Income before extraordinary items $6,633
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $6,633
Minority interest net income $0
Net income $6,633
Sale, conversion, retirement of capital stock, net $222
Net operating income $6,541

Bank Of Idaho's gross interest income from loans was $25,681,000.
Bank Of Idaho's net interest income from loans was $25,306,000.
Bank Of Idaho's fee based income from loans was $422,000.
Bank Of Idaho's net income from loans was $6,633,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $375
Provision for credit losses $470
Total noninterest expense $26,472
Salaries and employee benefits $17,541
Premises and equipment expense $2,209
Additional noninterest expense $6,722
Applicable income taxes $2,417
Net charge-offs $-110
Cash dividends $0

Bank Of Idaho's interest expense for loans was $375,000.
Bank Of Idaho's payroll and benefits expense were $17,541,000.
Bank Of Idaho's property, plant and equipment expenses $2,209,000.

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 $660,159
Deposits held in domestic offices $660,159
Deposits by Individuals, partnerships, and corporations $638,772
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $21,139
Deposits by Commercial banks and other depository institutions in U.S. $248
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $152,484
Demand deposits $90,235
Nontransaction accounts $507,675
Money market deposit accounts (MMDAs) $358,804
Other savings deposits (excluding MMDAs) $131,597
Total time deposits $17,274
Total time and savings deposits $569,924
Noninterest-bearing deposits $277,260
Interest-bearing deposits $382,899
Retail deposits $657,422
IRAs and Keogh plan accounts $3,732
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $737,519
Cash & Balances due from depository institutions $110,091
Interest-bearing balances $104,020
Total securities $146,394
Federal funds sold & reverse repurchase $0
Net loans and leases $465,507
Loan and leases loss allowance $7,318
Trading account assets $0
Bank premises and fixed assets $9,175
Other real estate owned $0
Goodwill and other intangibles $0
All other assets $6,352

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $737,519
Total Liabilities $666,899
Total deposits $660,159
Interest-bearing deposits $382,899
Deposits held in domestic offices $660,159
% insured (estimated) $67
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $443
Subordinated debt $0
All other liabilities $6,297

Issued Loan Types

Type Value (in 000's)
Net loans and leases $465,507
Loan and leases loss allowance $7,318
Total loans and leases (domestic) $472,825
All real estate loans $385,511
Real estate loans in domestic offices $385,511
Construction and development loans $65,055
Residential 1-4 family construction $21,629
Other construction, all land development and other land $43,426
Loans secured by nonfarm nonresidential properties $218,705
Nonfarm nonresidential secured by owner-occupied properties $143,224
Commercial real estate & other non-farm, non-residential $75,481
Multifamily residential real estate $18,632
1-4 family residential loans $60,166
Farmland loans $22,953
Loans held in foreign offices $0
Farm loans $18,673
Commercial and industrial loans $62,332
To non-U.S. addressees $0
Loans to individuals $7,250
Credit card loans $0
Related Plans $1,673
Consumer Auto Loans $1,966
Other loans to individuals $3,611
All other loans & leases $1,093
Loans to foreign governments and official institutions $0
Other loans $256
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $575
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $220
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

Bank of Idaho had $465,507,000 of loans outstanding in 2021. $385,511,000 of loans were in real estate loans. $65,055,000 of loans were in development loans. $18,632,000 of loans were in multifamily mortgage loans. $60,166,000 of loans were in 1-4 family mortgage loans. $18,673,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,966,000 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 257 $77,907 $303,140
Nonfarm, nonresidential loans - <$100k 28 $1,454 $51,929
Nonfarm, nonresidential loans - $100-250k 94 $14,247 $151,564
Nonfarm, nonresidential loans - $250k-1MM 135 $62,206 $460,785
Commercial & Industrial, US addressed loans - <$1MM 595 $41,749 $70,166
Commercial & Industrial, US addressed loans - <$100k 396 $8,542 $21,571
Commercial & Industrial, US addressed loans - $100-250k 112 $11,040 $98,571
Commercial & Industrial, US addressed loans - $250k-1MM 87 $22,167 $254,793
Farmland loans - <$1MM 33 $4,850 $146,970
Farmland loans - <$100k 6 $219 $36,500
Farmland loans - $100-250k 14 $1,585 $113,214
Farmland loans - $250k-1MM 13 $3,046 $234,308
Agriculture operations loans - <$1MM 67 $4,172 $62,269
Agriculture operations loans - <$100k 35 $686 $19,600
Agriculture operations loans - $100-250k 19 $1,403 $73,842
Agriculture operations loans - $250k-1MM 13 $2,083 $160,231