Bank Of Idaho Mortgage Rates, Fees & Info

Idaho Falls, ID

LEI: 549300SE6YAYK0PZZR74

Tax ID: 82-0398499

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Mortgage Data

Bank Data

Review & Overview

Bank Of Idaho is a smaller bank specializing in Home Purchase loans. Bank Of Idaho has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Idaho Falls, Twin Falls, Pocatello, Blackfoot, and Rexburg among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bank Of Idaho has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Bank Of Idaho is typically an average 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.67% 3/28/24
30 Year Conventional Refi 6.61% 3/28/24
30 Year FHA Purchase 7.22% 3/28/24
30 Year FHA Refi 7.21% 3/28/24
30 Year VA Purchase 5.97% 3/28/24
30 Year VA Refi 6.11% 3/28/24
30 Year USDA Purchase 6.58% 3/28/24
15 Year Conventional Purchase 6.67% 3/28/24
15 Year Conventional Refi 6.18% 3/28/24
15 Year Cash-out Refi 6.18% 3/28/24
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.

Bank Of Idaho Mortgage Calculator






Your Estimates

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

This is not an official calculator from Bank Of Idaho. 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

458

Origination Dollar Volume (All Markets)

$83,710,000

Employee count

113 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
IDAHO FALLS, ID (FHA|USDA|VA) 145 $25,655,000 $176,931 $4,324 4.62%
TWIN FALLS, ID (FHA|USDA|VA) 118 $21,480,000 $182,034 $4,999 4.65%
POCATELLO, ID (FHA|USDA|VA) 56 $9,790,000 $174,821 $4,672 4.38%
Outside of Metro Areas 55 $9,425,000 $171,364 $5,012 4.48%
Blackfoot, ID (FHA|USDA|VA) 28 $5,130,000 $183,214 $4,505 4.72%
Rexburg, ID (FHA|USDA|VA) 19 $3,415,000 $179,737 $4,928 4.41%
Jackson, WY-ID (FHA|USDA|VA) 10 $2,820,000 $282,000 $7,003 4.65%
BOISE CITY, ID (FHA|USDA|VA) 8 $1,790,000 $223,750 $5,060 4.70%
Burley, ID (FHA|USDA|VA) 6 $900,000 $150,000 $5,038 4.58%
RENO, NV (FHA|USDA|VA) 2 $660,000 $330,000 $14,508 4.13%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $455,000 $455,000 $7,608 4.25%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $345,000 $345,000 $5,906 4.50%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $285,000 $285,000 $5,717 4.50%
LEWISTON, ID-WA (FHA|USDA|VA) 1 $285,000 $285,000 $10,966 4.25%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $245,000 $245,000 $4,133 4.63%
LOGAN, UT-ID (FHA|USDA|VA) 1 $225,000 $225,000 $8,084 4.13%
TUCSON, AZ (FHA|USDA|VA) 1 $215,000 $215,000 $5,521 4.63%
Moscow, ID (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.63%
Brookings, OR (FHA|USDA|VA) 1 $155,000 $155,000 $4,256 4.50%
Kalispell, MT (FHA|USDA|VA) 1 $145,000 $145,000 $3,771 4.75%
Minot, ND (FHA|USDA|VA) 1 $105,000 $105,000 $2,850 5.50%
Bank Of Idaho's top markets include Idaho Falls, Twin Falls, Pocatello, Blackfoot, and Rexburg among others.

Their top states include:
  • Idaho (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Similar Lenders

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

    EAST IDAHO Credit Union
    Similarity Rank: 161
    BEEHIVE
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    ADVANTAGE PLUS
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    FIRST MORTGAGE COMPANY, INC.
    Similarity Rank: 380
    PIONEER
    Similarity Rank: 420
    IDAHO STATE UNIVERSITY
    Similarity Rank: 480
    Idaho Independent Bank
    Similarity Rank: 688
    Stifel Bank and Trust
    Similarity Rank: 1029
    Bank of Idaho
    Similarity Rank: 1554

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 300 $53,670,000 $178,900 $3,980 4.74%
    FHA 103 $18,265,000 $177,330 $6,950 4.31%
    VA 46 $10,400,000 $226,087 $5,300 4.16%
    USDA 9 $1,375,000 $152,778 $5,091 4.25%

    For 2018, Bank Of Idaho's most frequently originated type of loan was Conventional, with 300 originations. Their 2nd most popular type was FHA, with 103 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 376 $69,800,000 $185,638 $4,876 4.60%
    Cash Out Refi 53 $9,025,000 $170,283 $4,493 4.53%
    Refi 27 $4,545,000 $168,333 $4,291 4.45%
    Home Improvement 2 $340,000 $170,000 $8,079 3.75%

    For 2018, Bank Of Idaho's most frequently cited loan purpose was Home Purchase, with 376 originations. The 2nd most popular reason was Cash Out Refi, with 53 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 404 $78,770,000 $194,975 $5,110 4.51%
    10 Year 29 $725,000 $25,000 $719 5.94%
    15 Year 18 $2,860,000 $158,889 $3,590 4.01%
    20 Year 7 $1,355,000 $193,571 $4,412 4.48%

    For 2018, Bank Of Idaho's most frequently cited loan duration was 30 Year, with 404 originations. The 2nd most popular length was 10 Year, with 29 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 139 $17,025,000 $122,482
    $2k-3k 124 $24,950,000 $201,210
    $<1k 104 $14,860,000 $142,885
    $3k-4k 61 $18,625,000 $305,328
    $4k-5k 11 $4,415,000 $401,364
    $5k+ 1 $315,000 $315,000

    Bank Of Idaho's average total fees were $5,110, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 139 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 354 $68,300,000 $192,938
    3-4% 55 $11,845,000 $215,364
    5-6% 29 $3,465,000 $119,483
    6-7% 20 $100,000 $5,000

    During 2018, Bank Of Idaho's average interest rate for loans was 4.51%, while their most frequently originated rate bucket for loans was 4-5%, with 354 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 198 $29,710,000 $150,051 $4,486 4.49%
    $200k-400k 168 $44,660,000 $265,833 $6,025 4.43%
    $100,000 or less 81 $4,505,000 $55,617 $2,031 5.14%
    $400k-600k 11 $4,835,000 $439,545 $8,291 4.30%

    2018 saw Bank Of Idaho place emphasis on $100k-200k loans with 198 originations, totaling $29,710,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 144 $25,790,000 $179,097 $4,854 4.56%
    $50k or less 137 $16,305,000 $119,015 $3,771 4.68%
    $100k-150k 69 $17,345,000 $251,377 $5,782 4.48%
    $75k-100k 66 $13,450,000 $203,788 $5,387 4.61%
    $150k-250k 23 $5,405,000 $235,000 $5,229 4.56%
    $250k+ 15 $4,615,000 $307,667 $6,115 4.36%

    Bank Of Idaho lent most frequently to those with incomes in the $50k-75k range, with 144 originations. The second most popular income band? $50k or less, with 137 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 88 $15,220,000 $172,955 $4,462 4.54%
    30-36% 72 $12,920,000 $179,444 $4,670 4.60%
    <20% 33 $5,915,000 $179,242 $4,097 4.53%
    50-60% 30 $5,840,000 $194,667 $6,168 4.49%
    43% 22 $3,840,000 $174,545 $4,581 4.86%
    42% 21 $3,605,000 $171,667 $4,685 4.70%
    49% 20 $4,390,000 $219,500 $4,833 4.50%
    46% 19 $3,195,000 $168,158 $4,724 4.74%
    36% 19 $3,595,000 $189,211 $4,731 4.55%
    38% 18 $3,460,000 $192,222 $5,902 4.61%
    40% 17 $2,965,000 $174,412 $4,422 4.50%
    44% 17 $3,385,000 $199,118 $4,885 4.42%
    47% 15 $3,065,000 $204,333 $5,712 4.58%
    45% 15 $2,875,000 $191,667 $4,847 4.51%
    48% 15 $2,905,000 $193,667 $5,452 4.42%
    39% 14 $2,070,000 $147,857 $3,813 4.73%
    41% 14 $2,690,000 $192,143 $4,770 4.58%
    37% 5 $865,000 $173,000 $5,618 4.70%
    >60% 4 $910,000 $227,500 $5,576 4.41%

    Bank Of Idaho lent most frequently to those with DTI ratios of 20-30%, with 88 originations. The next most common DTI ratio? 30-36%, with 72 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 438 $79,840,000 $182,283 $4,794 4.57%
    Not provided 10 $2,080,000 $208,000 $5,431 4.70%
    American Indian 2 $720,000 $360,000 $6,746 4.56%
    Asian 3 $565,000 $188,333 $4,504 4.25%
    Native Hawaiian or Islander 2 $310,000 $155,000 $6,083 4.00%
    Other Asian 1 $185,000 $185,000 $9,154 3.75%
    Not applicable 2 $10,000 $5,000 $155 6.40%

    Approval Rates

    Total approvals of all applications
    95.81%

    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
    95.41%

    Bank Of Idaho has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 458 $83,710,000 $182,773

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 14 $1,640,000 $117,143
    Single Family (1-4 Units):Site-Built 444 $82,070,000 $184,842

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $1,305,000 $100,385 $3,395 4.40%
    40-60% 18 $3,020,000 $167,778 $4,040 4.24%
    60-80% 101 $19,625,000 $194,307 $4,402 4.63%
    80-100% 287 $56,645,000 $197,369 $5,261 4.46%
    Over 100% 12 $2,930,000 $244,167 $8,355 4.18%
    Under 20% 27 $185,000 $6,852 $183 6.15%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 4 14.8%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 1 3.7%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 1 3.7%
    BANK OF THE WEST Conventional home mortgage Closing on a mortgage 2 7.4%
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 14.8%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Closing on a mortgage 1 3.7%
    BANK OF THE WEST FHA mortgage Closing on a mortgage 1 3.7%
    BANK OF THE WEST VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.7%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 3 11.1%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.7%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 5 18.5%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 3.7%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Incorrect information on your report 2 7.4%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bank of Idaho 1230 Yellowstone Avenue Pocatello, ID 83201 Full Service B&M $33,969
    Bank of Idaho 135 N. Bridge Street Saint Anthony, ID 83445 Full Service B&M $30,173
    Bank of Idaho 1800 Channing Way Idaho Falls, ID 83403 Full Service B&M $63,277
    Bank of Idaho 2300 Via Caporatti Drive Pocatello, ID 83201 Full Service B&M $12,664
    Bank of Idaho 3976 Us Hwy 20 Island Park, ID 83429 Full Service B&M $16,365
    Bank of Idaho 399 North Capital Avenue Idaho Falls, ID 83402 Full Service B&M $118,814
    Bank of Idaho 600 Main Street Ashton, ID 83420 Full Service B&M $20,783

    For 2018, Bank Of Idaho had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,737
    Net interest income $14,499
    Total noninterest income $4,461
    Gross Fiduciary activities income $1,312
    Service charges on deposit accounts $488
    Trading account gains and fees $0
    Additional Noninterest Income $2,661
    Pre-tax net operating income $3,672
    Securities gains (or losses, -) $25
    Income before extraordinary items $3,697
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,697
    Minority interest net income $0
    Net income $3,697
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,672

    Bank Of Idaho's gross interest income from loans was $14,737,000.
    Bank Of Idaho's net interest income from loans was $14,499,000.
    Bank Of Idaho's fee based income from loans was $488,000.
    Bank Of Idaho's net income from loans was $3,697,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $238
    Provision for credit losses $925
    Total noninterest expense $14,363
    Salaries and employee benefits $9,455
    Premises and equipment expense $1,582
    Additional noninterest expense $3,326
    Applicable income taxes $0
    Net charge-offs $519
    Cash dividends $1,560

    Bank Of Idaho's interest expense for loans was $238,000.
    Bank Of Idaho's payroll and benefits expense were $9,455,000.
    Bank Of Idaho's property, plant and equipment expenses $1,582,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    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 $297,077
    Deposits held in domestic offices $297,077
    Deposits by Individuals, partnerships, and corporations $287,410
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $9,665
    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 $66,648
    Demand deposits $38,246
    Nontransaction accounts $230,429
    Money market deposit accounts (MMDAs) $143,664
    Other savings deposits (excluding MMDAs) $71,669
    Total time deposits $15,096
    Total time and savings deposits $258,831
    Noninterest-bearing deposits $112,969
    Interest-bearing deposits $184,108
    Retail deposits $295,794
    IRAs and Keogh plan accounts $3,635
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $334,273
    Cash & Balances due from depository institutions $24,993
    Interest-bearing balances $17,875
    Total securities $88,615
    Federal funds sold & reverse repurchase $0
    Net loans and leases $209,006
    Loan and leases loss allowance $4,083
    Trading account assets $0
    Bank premises and fixed assets $5,503
    Other real estate owned $3,122
    Goodwill and other intangibles $0
    All other assets $3,034

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $334,273
    Total Liabilities $300,532
    Total deposits $297,077
    Interest-bearing deposits $184,108
    Deposits held in domestic offices $297,077
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,455

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $209,006
    Loan and leases loss allowance $4,083
    Total loans and leases (domestic) $213,089
    All real estate loans $148,007
    Real estate loans in domestic offices $148,007
    Construction and development loans $14,761
    Residential 1-4 family construction $3,999
    Other construction, all land development and other land $10,762
    Loans secured by nonfarm nonresidential properties $91,017
    Nonfarm nonresidential secured by owner-occupied properties $58,587
    Commercial real estate & other non-farm, non-residential $32,430
    Multifamily residential real estate $7,004
    1-4 family residential loans $18,710
    Farmland loans $16,515
    Loans held in foreign offices $0
    Farm loans $21,119
    Commercial and industrial loans $32,205
    To non-U.S. addressees $0
    Loans to individuals $9,264
    Credit card loans $0
    Related Plans $3,201
    Consumer Auto Loans $2,639
    Other loans to individuals $3,424
    All other loans & leases $3,110
    Loans to foreign governments and official institutions $0
    Other loans $2,123
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $456
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Bank of Idaho had $209,006,000 of loans outstanding in 2018. $148,007,000 of loans were in real estate loans. $14,761,000 of loans were in development loans. $7,004,000 of loans were in multifamily mortgage loans. $18,710,000 of loans were in 1-4 family mortgage loans. $21,119,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,639,000 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 195 $51,180 $262,462
    Nonfarm, nonresidential loans - <$100k 22 $1,162 $52,818
    Nonfarm, nonresidential loans - $100-250k 83 $12,649 $152,398
    Nonfarm, nonresidential loans - $250k-1MM 90 $37,369 $415,211
    Commercial & Industrial, US addressed loans - <$1MM 371 $25,573 $68,930
    Commercial & Industrial, US addressed loans - <$100k 260 $6,217 $23,912
    Commercial & Industrial, US addressed loans - $100-250k 63 $5,847 $92,810
    Commercial & Industrial, US addressed loans - $250k-1MM 48 $13,509 $281,438
    Farmland loans - <$1MM 23 $3,300 $143,478
    Farmland loans - <$100k 12 $626 $52,167
    Farmland loans - $100-250k 5 $597 $119,400
    Farmland loans - $250k-1MM 6 $2,077 $346,167
    Agriculture operations loans - <$1MM 64 $5,140 $80,313
    Agriculture operations loans - <$100k 28 $654 $23,357
    Agriculture operations loans - $100-250k 18 $1,249 $69,389
    Agriculture operations loans - $250k-1MM 18 $3,237 $179,833