Bank Of Idaho Mortgage Rates, Fees & Info

Idaho Falls, ID

LEI: 549300SE6YAYK0PZZR74

Tax ID: 82-0398499

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

Review & Overview

Bank Of Idaho is a smaller bank specializing in Home Purchase and Refi 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, Boise City, Pocatello, and Blackfoot among others. We have data for 32 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%	4/22/24
30 Year Conventional Refi	6.61%	4/22/24
30 Year FHA Purchase	7.22%	4/22/24
30 Year FHA Refi	7.21%	4/22/24
30 Year VA Purchase	5.97%	4/22/24
30 Year VA Refi	6.11%	4/22/24
30 Year USDA Purchase	6.58%	4/22/24
15 Year Conventional Purchase	6.67%	4/22/24
15 Year Conventional Refi	6.18%	4/22/24
15 Year Cash-out Refi	6.18%	4/22/24
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.

Bank Of Idaho Mortgage Calculator

Purchase Price:

Loan Amount:

Deposit Amount:

% Deposit:

Interest Rate:

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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

629

Origination Dollar Volume (All Markets)

$127,705,000

Employee count

140

Awards

Bank of Idaho 30 Year Conventional Loans gold

Bank of Idaho 30 Year Conventional Loans bronze

Show all (10) 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)	143	$27,705,000	$193,741	$5,005	4.12%
TWIN FALLS, ID (FHA\|USDA\|VA)	133	$26,225,000	$197,180	$5,335	3.98%
BOISE CITY, ID (FHA\|USDA\|VA)	73	$19,255,000	$263,767	$5,589	3.93%
POCATELLO, ID (FHA\|USDA\|VA)	100	$16,420,000	$164,200	$4,610	4.06%
Outside of Metro Areas	71	$12,165,000	$171,338	$4,980	4.02%
Blackfoot, ID (FHA\|USDA\|VA)	31	$7,605,000	$245,323	$5,657	3.94%
Rexburg, ID (FHA\|USDA\|VA)	24	$5,130,000	$213,750	$5,544	4.11%
Jackson, WY-ID (FHA\|USDA\|VA)	15	$4,325,000	$288,333	$7,611	3.66%
Burley, ID (FHA\|USDA\|VA)	6	$970,000	$161,667	$5,524	4.33%
OGDEN-CLEARFIELD, UT (FHA\|USDA\|VA)	3	$835,000	$278,333	$5,972	3.42%
SALT LAKE CITY, UT (FHA\|USDA\|VA)	3	$815,000	$271,667	$4,520	4.00%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	2	$770,000	$385,000	$6,936	3.90%
Hailey, ID (FHA\|USDA\|VA)	3	$585,000	$195,000	$4,222	3.42%
Ontario, OR-ID (FHA\|USDA\|VA)	2	$500,000	$250,000	$6,790	3.94%
Seattle-Tacoma-Bellevue, WA (FHA\|USDA\|VA)	1	$455,000	$455,000	$6,908	3.50%
Moscow, ID (FHA\|USDA\|VA)	1	$385,000	$385,000	$6,203	3.63%
REDDING, CA (FHA\|USDA\|VA)	1	$345,000	$345,000	$5,971	3.99%
WALLA WALLA, WA (FHA\|USDA\|VA)	1	$295,000	$295,000	$6,028	4.25%
Outside of Metro Areas	2	$290,000	$145,000	$2,516	5.19%
Mountain Home, ID (FHA\|USDA\|VA)	2	$280,000	$140,000	$5,243	4.63%
FARMINGTON, NM (FHA\|USDA\|VA)	1	$265,000	$265,000	$5,414	3.75%
Elko, NV (FHA\|USDA\|VA)	1	$255,000	$255,000	$4,682	3.75%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	1	$255,000	$255,000	$4,017	3.50%
Los Alamos, NM (FHA\|USDA\|VA)	1	$225,000	$225,000	$8,812	3.38%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA\|USDA\|VA)	1	$215,000	$215,000	$5,162	3.88%
YUMA, AZ (FHA\|USDA\|VA)	1	$195,000	$195,000	$3,835	3.99%
PROVO-OREM, UT (FHA\|USDA\|VA)	1	$185,000	$185,000	$3,955	3.50%
Prineville, OR (FHA\|USDA\|VA)	1	$185,000	$185,000	$4,269	4.13%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA\|USDA\|VA)	1	$175,000	$175,000	$2,894	3.88%
Riverton, WY (FHA\|USDA\|VA)	1	$175,000	$175,000	$2,900	6.25%
TUCSON, AZ (FHA\|USDA\|VA)	1	$165,000	$165,000	$4,482	4.13%
Hays, KS (FHA\|USDA\|VA)	1	$55,000	$55,000	$2,207	3.25%

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

Their top states include:

Idaho (FHA|USDA|VA)

Utah (FHA|USDA|VA)

Nevada (FHA|USDA|VA)

Washington (FHA|USDA|VA)

California (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.

PIONEER
Similarity Rank: 168

FIRST MORTGAGE COMPANY, INC.
Similarity Rank: 182

EAST IDAHO Credit Union
Similarity Rank: 220

ADVANTAGE PLUS
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CONNECTIONS
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First Utah Bank
Similarity Rank: 540

IDAHO STATE UNIVERSITY
Similarity Rank: 962

Icon Credit Union
Similarity Rank: 1469

First Republic Bank
Similarity Rank: 1573

CAPITAL EDUCATORS FEDERAL CREDIT UNION
Similarity Rank: 1860

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	432	$85,700,000	$198,380	$4,359	4.16%
FHA	112	$21,430,000	$191,339	$7,722	3.87%
VA	69	$17,285,000	$250,507	$6,172	3.56%
USDA	16	$3,290,000	$205,625	$6,756	3.48%

For 2019, Bank Of Idaho's most frequently originated type of loan was Conventional, with 432 originations. Their 2nd most popular type was FHA, with 112 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	445	$89,015,000	$200,034	$5,531	3.99%
Refi	116	$28,020,000	$241,552	$4,823	3.78%
Cash Out Refi	67	$10,555,000	$157,537	$3,925	4.64%
Home Improvement	1	$115,000	$115,000	$3,541	3.75%

For 2019, Bank Of Idaho's most frequently cited loan purpose was Home Purchase, with 445 originations. The 2nd most popular reason was Refi, with 116 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	543	$119,045,000	$219,236	$5,570	3.94%
15 Year	41	$5,865,000	$143,049	$3,220	4.35%
10 Year	35	$505,000	$14,429	$401	4.98%
20 Year	6	$1,340,000	$223,333	$4,761	3.67%
Other	4	$950,000	$237,500	$4,959	3.53%

For 2019, Bank Of Idaho's most frequently cited loan duration was 30 Year, with 543 originations. The 2nd most popular length was 15 Year, with 41 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$2k-3k	224	$47,660,000	$212,768
$1k-2k	168	$23,830,000	$141,845
$<1k	112	$16,190,000	$144,554
$3k-4k	95	$28,395,000	$298,895
$4k-5k	20	$8,220,000	$411,000
$5k+	5	$2,285,000	$457,000

Bank Of Idaho's average total fees were $5,570, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 224 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	390	$89,960,000	$230,667
4-5%	200	$32,620,000	$163,100
5-6%	20	$3,020,000	$151,000
6-7%	15	$1,015,000	$67,667
2.5-3%	4	$1,090,000	$272,500

During 2019, Bank Of Idaho's average interest rate for loans was 3.94%, while their most frequently originated rate bucket for loans was 3-4%, with 390 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	272	$73,190,000	$269,081	$6,350	3.86%
$100k-200k	250	$38,650,000	$154,600	$4,603	3.99%
$100,000 or less	80	$3,320,000	$41,500	$1,694	4.81%
$400k-600k	26	$11,640,000	$447,692	$7,786	3.63%
$600k-1MM	1	$905,000	$905,000	$4,939	3.88%

2019 saw Bank Of Idaho place emphasis on $200k-400k loans with 272 originations, totaling $73,190,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	190	$27,170,000	$143,000	$4,486	4.06%
$50k-75k	149	$28,185,000	$189,161	$5,152	3.93%
$75k-100k	123	$28,725,000	$233,537	$5,631	4.01%
$100k-150k	93	$22,805,000	$245,215	$5,772	4.06%
$150k-250k	45	$10,905,000	$242,333	$5,054	4.13%
$250k+	29	$9,915,000	$341,897	$6,184	4.05%

Bank Of Idaho lent most frequently to those with incomes in the $50k or less range, with 190 originations. The second most popular income band? $50k-75k, with 149 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	124	$24,780,000	$199,839	$4,934	3.94%
30-36%	116	$24,050,000	$207,328	$4,986	4.03%
50-60%	47	$8,405,000	$178,830	$6,619	3.92%
<20%	44	$9,740,000	$221,364	$4,902	3.92%
44%	27	$4,865,000	$180,185	$5,119	3.89%
42%	26	$5,610,000	$215,769	$4,902	4.35%
37%	25	$5,115,000	$204,600	$5,514	4.33%
40%	24	$4,600,000	$191,667	$5,213	4.17%
38%	22	$5,090,000	$231,364	$5,822	3.87%
48%	20	$3,450,000	$172,500	$5,432	3.96%
43%	19	$4,495,000	$236,579	$5,852	3.89%
41%	19	$2,905,000	$152,895	$3,707	4.40%
45%	19	$4,085,000	$215,000	$5,658	4.15%
39%	18	$2,820,000	$156,667	$3,579	4.13%
49%	18	$3,600,000	$200,000	$5,403	3.98%
46%	17	$3,165,000	$186,176	$6,804	4.18%
36%	16	$3,610,000	$225,625	$4,975	4.20%
47%	16	$4,190,000	$261,875	$6,891	3.77%
>60%	1	$295,000	$295,000	$11,666	4.00%

Bank Of Idaho lent most frequently to those with DTI ratios of 20-30%, with 124 originations. The next most common DTI ratio? 30-36%, with 116 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	586	$118,790,000	$202,713	$5,187	4.01%
Not provided	28	$5,470,000	$195,357	$5,249	4.06%
American Indian	9	$2,075,000	$230,556	$5,590	4.10%
Asian	4	$1,090,000	$272,500	$5,916	4.47%
Korean	1	$165,000	$165,000	$6,851	5.13%
Black	1	$115,000	$115,000	$5,479	5.00%

Approval Rates

Total approvals of all applications
97.05%

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
95.39%

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	629	$127,705,000	$203,029

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Manufactured	15	$2,115,000	$141,000
Single Family (1-4 Units):Site-Built	614	$125,590,000	$204,544

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	23	$2,375,000	$103,261	$2,673	4.35%
40-60%	30	$6,540,000	$218,000	$4,218	3.90%
60-80%	166	$36,390,000	$219,217	$4,767	4.01%
80-100%	354	$77,970,000	$220,254	$5,892	3.90%
Over 100%	14	$3,910,000	$279,286	$10,144	3.62%
Under 20%	42	$520,000	$12,381	$405	5.14%

Complaints

Bank Name	Product	Issue	2019 CPFB Complaints	% of Total Issues
BANK OF THE WEST	Conventional home mortgage	Applying for a mortgage or refinancing an existing mortgage	1	7.1%
BANK OF THE WEST	Other type of mortgage	Trouble during payment process	1	7.1%
BANK OF THE WEST	Other type of mortgage	Closing on a mortgage	1	7.1%
BANK OF THE WEST	Other type of mortgage	Applying for a mortgage or refinancing an existing mortgage	1	7.1%
BANK OF THE WEST	Home equity loan or line of credit (HELOC)	Trouble during payment process	2	14.3%
BANK OF THE WEST	Home equity loan or line of credit (HELOC)	Applying for a mortgage or refinancing an existing mortgage	1	7.1%
BANK OF THE WEST	Conventional home mortgage	Trouble during payment process	6	42.9%
BANK OF THE WEST	Conventional home mortgage	Struggling to pay mortgage	1	7.1%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Bank of Idaho	1230 Yellowstone Avenue Pocatello, ID 83201	Full Service B&M	$36,296
Bank of Idaho	135 N. Bridge Street Saint Anthony, ID 83445	Full Service B&M	$31,043
Bank of Idaho	1800 Channing Way Idaho Falls, ID 83403	Full Service B&M	$65,197
Bank of Idaho	2300 Via Caporatti Drive Pocatello, ID 83201	Full Service B&M	$13,629
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	$14,645
Bank of Idaho	399 North Capital Avenue Idaho Falls, ID 83402	Full Service B&M	$128,820
Bank of Idaho	600 Main Street Ashton, ID 83420	Full Service B&M	$28,084
Bank of Idaho	999 West Main Street, Suite 101 Boise, ID 83702	Full Service B&M	$5,190

For 2019, Bank Of Idaho had 10 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$17,119
Net interest income	$16,777
Total noninterest income	$5,467
Gross Fiduciary activities income	$1,389
Service charges on deposit accounts	$474
Trading account gains and fees	$0
Additional Noninterest Income	$3,604
Pre-tax net operating income	$2,237
Securities gains (or losses, -)	$160
Income before extraordinary items	$2,826
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$2,826
Minority interest net income	$0
Net income	$2,826
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$2,666

Bank Of Idaho's gross interest income from loans was $17,119,000.
Bank Of Idaho's net interest income from loans was $16,777,000.
Bank Of Idaho's fee based income from loans was $474,000.
Bank Of Idaho's net income from loans was $2,826,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$342
Provision for credit losses	$774
Total noninterest expense	$19,233
Salaries and employee benefits	$12,176
Premises and equipment expense	$2,065
Additional noninterest expense	$4,992
Applicable income taxes	$-429
Net charge-offs	$520
Cash dividends	$1,560

Bank Of Idaho's interest expense for loans was $342,000.
Bank Of Idaho's payroll and benefits expense were $12,176,000.
Bank Of Idaho's property, plant and equipment expenses $2,065,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	1.0%
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	0.0%
HELOC loans	0.0%
All other family	0.0%
Commercial & industrial loans	1.0%
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	$335,718
Deposits held in domestic offices	$335,718
Deposits by Individuals, partnerships, and corporations	$322,572
Deposits by U.S. Government	$1
Deposits by States and political subdivisions in the U.S.	$13,144
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	$73,450
Demand deposits	$45,639
Nontransaction accounts	$262,267
Money market deposit accounts (MMDAs)	$172,504
Other savings deposits (excluding MMDAs)	$75,849
Total time deposits	$13,914
Total time and savings deposits	$290,078
Noninterest-bearing deposits	$141,279
Interest-bearing deposits	$194,439
Retail deposits	$334,950
IRAs and Keogh plan accounts	$3,544
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$405,330
Cash & Balances due from depository institutions	$7,767
Interest-bearing balances	$322
Total securities	$84,960
Federal funds sold & reverse repurchase	$0
Net loans and leases	$294,083
Loan and leases loss allowance	$4,337
Trading account assets	$0
Bank premises and fixed assets	$11,562
Other real estate owned	$2,927
Goodwill and other intangibles	$0
All other assets	$4,031

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$405,330
Total Liabilities	$354,973
Total deposits	$335,718
Interest-bearing deposits	$194,439
Deposits held in domestic offices	$335,718
% insured (estimated)	$78
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$14,118
Subordinated debt	$0
All other liabilities	$5,137

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$294,083
Loan and leases loss allowance	$4,337
Total loans and leases (domestic)	$298,420
All real estate loans	$228,169
Real estate loans in domestic offices	$228,169
Construction and development loans	$39,561
Residential 1-4 family construction	$15,843
Other construction, all land development and other land	$23,718
Loans secured by nonfarm nonresidential properties	$126,365
Nonfarm nonresidential secured by owner-occupied properties	$74,572
Commercial real estate & other non-farm, non-residential	$51,793
Multifamily residential real estate	$12,528
1-4 family residential loans	$32,905
Farmland loans	$16,810
Loans held in foreign offices	$0
Farm loans	$21,376
Commercial and industrial loans	$38,677
To non-U.S. addressees	$0
Loans to individuals	$8,269
Credit card loans	$0
Related Plans	$2,412
Consumer Auto Loans	$2,320
Other loans to individuals	$3,537
All other loans & leases	$3,079
Loans to foreign governments and official institutions	$0
Other loans	$2,171
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$1,042
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 $294,083,000 of loans outstanding in 2019. $228,169,000 of loans were in real estate loans. $39,561,000 of loans were in development loans. $12,528,000 of loans were in multifamily mortgage loans. $32,905,000 of loans were in 1-4 family mortgage loans. $21,376,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,320,000 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	203	$52,521	$258,724
Nonfarm, nonresidential loans - <$100k	25	$1,407	$56,280
Nonfarm, nonresidential loans - $100-250k	83	$12,300	$148,193
Nonfarm, nonresidential loans - $250k-1MM	95	$38,814	$408,568
Commercial & Industrial, US addressed loans - <$1MM	398	$27,974	$70,286
Commercial & Industrial, US addressed loans - <$100k	261	$5,817	$22,287
Commercial & Industrial, US addressed loans - $100-250k	80	$7,040	$88,000
Commercial & Industrial, US addressed loans - $250k-1MM	57	$15,117	$265,211
Farmland loans - <$1MM	23	$3,045	$132,391
Farmland loans - <$100k	9	$305	$33,889
Farmland loans - $100-250k	7	$546	$78,000
Farmland loans - $250k-1MM	7	$2,194	$313,429
Agriculture operations loans - <$1MM	65	$4,891	$75,246
Agriculture operations loans - <$100k	27	$702	$26,000
Agriculture operations loans - $100-250k	19	$1,298	$68,316
Agriculture operations loans - $250k-1MM	19	$2,891	$152,158