Infirst Bank Mortgage Rates, Fees & Info

Indiana, PA

LEI: 549300YAGLRHLP0JP559

Tax ID: 25-0567090

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

Review & Overview

Infirst Bank is a smaller bank specializing in Refi and Home Purchase loans. Infirst Bank has a high proportion of conventional loans. Their top markets by origination volume include: Indiana, Pittsburgh, Johnstown, Dubois, and Somerset among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

Infirst 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. Infirst 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.

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	6.25%	4/28/24
30 Year Conventional Refi	5.60%	4/28/24
15 Year Conventional Purchase	6.08%	4/28/24
15 Year Conventional Refi	6.23%	4/28/24
15 Year Cash-out Refi	6.23%	4/28/24
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.

Infirst Bank Mortgage Calculator

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The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

539

Origination Dollar Volume (All Markets)

$69,715,000

Employee count

103

Awards

InFirst Bank 30 Year Conventional Loans silver

InFirst Bank 30 Year Conventional Loans gold

InFirst Bank 30 Year Conventional Loans bronze

Show all (3) 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
Indiana, PA (FHA\|USDA\|VA)	219	$24,975,000	$114,041	$1,405	3.76%
PITTSBURGH, PA (FHA\|USDA\|VA)	150	$22,910,000	$152,733	$2,087	4.19%
Outside of Metro Areas	83	$10,625,000	$128,012	$1,685	3.91%
JOHNSTOWN, PA (FHA\|USDA\|VA)	45	$5,115,000	$113,667	$1,597	4.11%
DuBois, PA (FHA\|USDA\|VA)	18	$2,270,000	$126,111	$1,879	3.91%
Somerset, PA (FHA\|USDA\|VA)	13	$1,955,000	$150,385	$1,803	3.46%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	1	$315,000	$315,000	$3,445	2.88%
Jamestown-Dunkirk-Fredonia, NY (FHA\|USDA\|VA)	1	$295,000	$295,000	$0	4.50%
Oil City, PA (FHA\|USDA\|VA)	2	$280,000	$140,000	$2,797	3.19%
New Castle, PA (FHA\|USDA\|VA)	1	$275,000	$275,000	$0	4.75%
STATE COLLEGE, PA (FHA\|USDA\|VA)	2	$220,000	$110,000	$1,869	2.69%
Meadville, PA (FHA\|USDA\|VA)	2	$210,000	$105,000	$3,672	3.79%
CHAMBERSBURG-WAYNESBORO, PA (FHA\|USDA\|VA)	1	$165,000	$165,000	$2,826	3.25%
Lewistown, PA (FHA\|USDA\|VA)	1	$105,000	$105,000	$2,853	3.13%

Infirst Bank's top markets include Indiana, Pittsburgh, Johnstown, Dubois, and Somerset among others.

Their top states include:

Pennsylvania (FHA|USDA|VA)

New York (FHA|USDA|VA)

Maryland (FHA|USDA|VA)

Similar Lenders

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

M. S. Flynn, Inc.
Similarity Rank: 236

TRI BORO
Similarity Rank: 264

WELCOME HOME FINANCE, L.P.
Similarity Rank: 456

First Federal Savings and Loan Association of Greene Co
Similarity Rank: 623

NEW FED MORTGAGE, CORP.
Similarity Rank: 644

ARMCO CREDIT UNION
Similarity Rank: 645

HANCOCK COUNTY SAVINGS BANK, FSB, INC.
Similarity Rank: 670

PRINCETON FINANCIAL LLC
Similarity Rank: 754

Standard Bank, PaSB
Similarity Rank: 756

COLONIAL MORTGAGE SERVICE COMPANY OF AMERICA
Similarity Rank: 1122

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	539	$69,715,000	$129,341	$1,649	3.92%

For 2020, Infirst Bank's most frequently originated type of loan was Conventional, with 539 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	256	$38,380,000	$149,922	$1,526	3.65%
Home Purchase	221	$27,025,000	$122,285	$2,482	4.10%
Home Improvement	40	$2,890,000	$72,250	$124	4.54%
Other	21	$1,285,000	$61,190	$472	4.10%
Cash Out Refi	1	$135,000	$135,000	$0	5.25%

For 2020, Infirst Bank's most frequently cited loan purpose was Refi, with 256 originations. The 2nd most popular reason was Home Purchase, with 221 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
20 Year	183	$24,605,000	$134,454	$1,444	4.25%
15 Year	130	$15,270,000	$117,462	$1,416	3.67%
30 Year	117	$18,475,000	$157,906	$2,646	3.60%
10 Year	70	$6,300,000	$90,000	$770	3.78%
Other	28	$3,670,000	$131,071	$0	4.66%
5 Year	8	$510,000	$63,750	$0	3.78%
30+ year	2	$810,000	$405,000	$3,492	4.69%
3 Year	1	$75,000	$75,000	$0	3.75%

For 2020, Infirst Bank's most frequently cited loan duration was 20 Year, with 183 originations. The 2nd most popular length was 15 Year, with 130 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	382	$49,080,000	$128,482
$2k-3k	2	$210,000	$105,000
$3k-4k	1	$145,000	$145,000
$4k-5k	1	$385,000	$385,000

Infirst Bank's average total fees were $2,646, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 382 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	216	$25,900,000	$119,907
3-4%	186	$24,160,000	$129,892
2.5-3%	97	$14,805,000	$152,629
5-6%	33	$3,695,000	$111,970
<2.5%	5	$945,000	$189,000
6-7%	2	$210,000	$105,000

During 2020, Infirst Bank's average interest rate for loans was 3.60%, while their most frequently originated rate bucket for loans was 4-5%, with 216 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	237	$14,315,000	$60,401	$956	4.15%
$100k-200k	218	$30,830,000	$141,422	$1,951	3.72%
$200k-400k	73	$18,905,000	$258,973	$2,631	3.76%
$400k-600k	10	$4,990,000	$499,000	$4,342	4.04%
$600k-1MM	1	$675,000	$675,000	$5,315	4.50%

2020 saw Infirst Bank place emphasis on $100,000 or less loans with 237 originations, totaling $14,315,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	108	$10,970,000	$101,574	$1,476	3.85%
$100k-150k	105	$15,395,000	$146,619	$1,684	3.65%
$75k-100k	95	$12,215,000	$128,579	$1,722	3.82%
$50k or less	90	$7,970,000	$88,556	$1,351	3.96%
$150k-250k	38	$6,890,000	$181,316	$1,957	3.51%
$250k+	12	$3,590,000	$299,167	$3,070	3.33%

Infirst Bank lent most frequently to those with incomes in the $50k-75k range, with 108 originations. The second most popular income band? $100k-150k, with 105 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	145	$17,465,000	$120,448	$1,504	3.54%
30-36%	89	$11,615,000	$130,506	$1,606	3.68%
<20%	66	$7,070,000	$107,121	$1,590	3.57%
39%	15	$1,895,000	$126,333	$1,822	3.72%
37%	13	$2,415,000	$185,769	$1,981	3.75%
36%	13	$2,765,000	$212,692	$2,686	3.41%
38%	10	$1,580,000	$158,000	$2,030	3.78%
40%	10	$890,000	$89,000	$1,063	4.21%
41%	5	$815,000	$163,000	$2,357	3.48%
42%	3	$355,000	$118,333	$2,742	3.33%
44%	3	$385,000	$128,333	$1,284	3.46%
46%	2	$410,000	$205,000	$1,344	4.13%
43%	2	$290,000	$145,000	$2,423	3.38%
>60%	1	$295,000	$295,000	$3,606	4.25%
48%	1	$35,000	$35,000	$1,982	3.00%
50-60%	1	$165,000	$165,000	$2,341	2.75%
47%	1	$175,000	$175,000	$3,672	3.13%
45%	1	$155,000	$155,000	$0	4.25%

Infirst Bank lent most frequently to those with DTI ratios of 20-30%, with 145 originations. The next most common DTI ratio? 30-36%, with 89 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	455	$57,965,000	$127,396	$1,623	3.79%
Not applicable	71	$9,255,000	$130,352	$0	4.75%
Not provided	10	$1,700,000	$170,000	$2,551	4.14%
Asian	1	$545,000	$545,000	$5,570	3.88%
Black	2	$250,000	$125,000	$2,336	3.56%

Approval Rates

Total approvals of all applications
89.65%

Infirst Bank has an average approval rate.

Pick Rate

Approvals leading to origination
84.79%

Infirst Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	539	$69,715,000	$129,341

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Manufactured	2	$150,000	$75,000
Multifamily:Site-Built	25	$5,205,000	$208,200
Single Family (1-4 Units):Manufactured	17	$1,475,000	$86,765
Single Family (1-4 Units):Site-Built	495	$62,885,000	$127,040

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	47	$4,195,000	$89,255	$529	4.02%
40-60%	90	$9,890,000	$109,889	$1,086	3.96%
60-80%	202	$28,360,000	$140,396	$1,764	3.90%
80-100%	183	$26,525,000	$144,945	$2,258	3.87%
Under 20%	17	$745,000	$43,824	$76	4.19%

Complaints

Bank Name	Product	Issue	2020 CPFB Complaints	% of Total Issues
Informative Research	Conventional home mortgage	Problem with fraud alerts or security freezes	1	100.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Infirst Bank	1007 Georges Station Road Greensburg, PA 15601	Full Service B&M	$13,002
Infirst Bank	1420 Scalp Avenue Johnstown, PA 15904	Full Service B&M	$33,940
Infirst Bank	340 Waugaman Road Harrison City, PA 15636	Full Service B&M	$9,219
Infirst Bank	35 Kentucky Avenue, Henderson Township Punxsutawney, PA 15767	Full Service B&M	$9,820
Infirst Bank	475 S Ben Franklin Rd Indiana, PA 15701	Full Service B&M	$93,322
Infirst Bank	8 Beyer Road Punxsutawney, PA 15767	Full Service B&M	$39,669
Infirst Bank	915 Route 22 Highway W Blairsville, PA 15717	Full Service B&M	$41,469
Infirst Bank	935 Philadelphia Street Indiana, PA 15701	Full Service B&M	$155,628

For 2020, Infirst Bank had 8 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$20,187
Net interest income	$15,406
Total noninterest income	$1,767
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$324
Trading account gains and fees	$0
Additional Noninterest Income	$1,443
Pre-tax net operating income	$2,576
Securities gains (or losses, -)	$0
Income before extraordinary items	$1,896
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$1,896
Minority interest net income	$0
Net income	$1,896
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$1,896

Infirst Bank's gross interest income from loans was $20,187,000.
Infirst Bank's net interest income from loans was $15,406,000.
Infirst Bank's fee based income from loans was $324,000.
Infirst Bank's net income from loans was $1,896,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$4,781
Provision for credit losses	$1,450
Total noninterest expense	$13,147
Salaries and employee benefits	$7,499
Premises and equipment expense	$1,336
Additional noninterest expense	$4,312
Applicable income taxes	$680
Net charge-offs	$1,073
Cash dividends	$0

Infirst Bank's interest expense for loans was $4,781,000.
Infirst Bank's payroll and benefits expense were $7,499,000.
Infirst Bank's property, plant and equipment expenses $1,336,000.

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	5.0%
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	$397,006
Deposits held in domestic offices	$397,006
Deposits by Individuals, partnerships, and corporations	$387,487
Deposits by U.S. Government	$1
Deposits by States and political subdivisions in the U.S.	$9,518
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	$118,305
Demand deposits	$61,891
Nontransaction accounts	$278,701
Money market deposit accounts (MMDAs)	$55,668
Other savings deposits (excluding MMDAs)	$68,516
Total time deposits	$154,516
Total time and savings deposits	$335,115
Noninterest-bearing deposits	$62,793
Interest-bearing deposits	$334,213
Retail deposits	$369,876
IRAs and Keogh plan accounts	$23,438
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$450,656
Cash & Balances due from depository institutions	$11,534
Interest-bearing balances	$7,012
Total securities	$29,307
Federal funds sold & reverse repurchase	$0
Net loans and leases	$387,997
Loan and leases loss allowance	$5,437
Trading account assets	$0
Bank premises and fixed assets	$8,057
Other real estate owned	$430
Goodwill and other intangibles	$36
All other assets	$13,295

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$450,656
Total Liabilities	$406,190
Total deposits	$397,006
Interest-bearing deposits	$334,213
Deposits held in domestic offices	$397,006
% insured (estimated)	$91
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$7,500
Subordinated debt	$0
All other liabilities	$1,684

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$387,997
Loan and leases loss allowance	$5,437
Total loans and leases (domestic)	$393,434
All real estate loans	$348,718
Real estate loans in domestic offices	$348,718
Construction and development loans	$7,620
Residential 1-4 family construction	$200
Other construction, all land development and other land	$7,420
Loans secured by nonfarm nonresidential properties	$48,988
Nonfarm nonresidential secured by owner-occupied properties	$4,093
Commercial real estate & other non-farm, non-residential	$44,895
Multifamily residential real estate	$9,454
1-4 family residential loans	$267,948
Farmland loans	$14,708
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$38,731
To non-U.S. addressees	$0
Loans to individuals	$3,353
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$182
Other loans to individuals	$3,171
All other loans & leases	$2,632
Loans to foreign governments and official institutions	$0
Other loans	$2,235
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$0
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$3,745
Non 1-4 family restructured loans & leases	$1,378
Total loans and leases (foreign)	$0

InFirst Bank had $387,997,000 of loans outstanding in 2020. $348,718,000 of loans were in real estate loans. $7,620,000 of loans were in development loans. $9,454,000 of loans were in multifamily mortgage loans. $267,948,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $182,000 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	462	$48,595	$105,184
Nonfarm, nonresidential loans - <$100k	230	$7,567	$32,900
Nonfarm, nonresidential loans - $100-250k	164	$21,538	$131,329
Nonfarm, nonresidential loans - $250k-1MM	68	$19,490	$286,618
Commercial & Industrial, US addressed loans - <$1MM	1,504	$36,416	$24,213
Commercial & Industrial, US addressed loans - <$100k	1,375	$19,601	$14,255
Commercial & Industrial, US addressed loans - $100-250k	97	$9,884	$101,897
Commercial & Industrial, US addressed loans - $250k-1MM	32	$6,931	$216,594
Farmland loans - <$1MM	105	$14,707	$140,067
Farmland loans - <$100k	40	$1,176	$29,400
Farmland loans - $100-250k	46	$7,902	$171,783
Farmland loans - $250k-1MM	19	$5,629	$296,263