First Harrison Bank

Headquarters

220 Federal Dr Nw
Corydon, IN 47112
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.04% 0.66% →
1-Year CD 0.20% 0.67% →
2-Year CD 0.25% 0.75% →
5-Year CD 0.85% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

First Harrison Bank is an FDIC insured institution located in Corydon, IN. It was founded in 1891 and has approximately $1.01 billion in assets. Customers can open an account at one of its 18 branches.

FDIC Insured Yes
FDIC Certificate # 31223
Date Established 1891
Assets $ 1,013.45 million
Loans $ 508.27 million
Deposits $ 903.96 million
Capital $ 103.81 million
 

For a more detailed analysis of First Harrison Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - April 10, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.04% $2,500 $4,999 Learn More
Money Market
0.02% $1 $9,999 Learn More
Money Market
0.02% $10,000 $49,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.10% $2,500 - Learn More
12 Mo CD
0.20% $2,500 - Learn More
18 Mo CD
0.20% $2,500 - Learn More
24 Mo CD
0.25% $2,500 - Learn More
30 Mo CD
0.25% $2,500 - Learn More
36 Mo CD
0.45% $2,500 - Learn More
48 Mo CD
0.65% $2,500 - Learn More
60 Mo CD
0.85% $2,500 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.02% $1 $2,499 Learn MoreShow Less
Int Ckg
0.02% $2,500 $9,999 Learn MoreShow Less
 

Loan Rates - April 10, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Harrison Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.790% 2.750% 0.50 $1,290 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
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Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to First Harrison Bank
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Branches

First Harrison Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


First Harrison Bank Locations


Financial Details

First Harrison Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Harrison Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Harrison Bank U.S. Bank Average
1.32% 5.49%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2020, First Harrison Bank had $1,462,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $103,808,000 in equity and $6,625,000 in loans loss reserves. That gives it a Texas Ratio of 1.32%.

Return on Equity
First Harrison Bank U.S. Bank Average
10% 9.24%

First Harrison Bank has a Return on Equity of 10% versus the BestCashCow average of 9.24%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First Harrison Bank U.S. Bank Average
10.24% 11.96%

First Harrison Bank has a Capitalization of 10.24% versus the BestCashCow average of 11.96. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Harrison Bank Balance Sheet Analysis

As of December 31, 2020, First Harrison Bank had assets of $1,013,447,000, loans of $508,272,000, and deposits of $903,963,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 179.28 million
Interest-bearing balances $ 146.89 million
Total securities $ 283.50 million
Federal funds sold and reverse repurchase $ 0.28 million
Net loans and leases $ 508.27 million
Loan loss allowance $ 6.63 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 7.14 million
All other assets $ 18.94 million
     Total Assets $ 909.64 million
LIABILITIES
Total deposits $ 903.96 million
      Interest-bearing deposits $ 677.77 million
      Deposits held in domestic offices $ 903.96 million
      % insured (estimated) 73.65%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 5.68 million
      Total Liabilities $ 909.64 million
      Shareholders’ Equity $ 103.81 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 29.50 million
Total Interest Expense $ 1.58 million
Net interest income $ 27.92 million
Provision for loan and lease losses $ 1.80 million
Total non interest income $ 8.83 million
Total non interest expense $ 23.16 million
Pre-tax Net Operating Income $ 11.79 million

Bank Loan Profile?

The top three loan types in First Harrison Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Indiana, First Harrison Bank has a significantly higher percent of Multifamily Mortgages on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 30.51
Multifamily
Mortgages
7.34
Credit Card Loans 0.00
Consumer Auto Loans 6.74
Small Business Loans 10.59
Construction and Development Loans 8.03
Commercial Real Estate 25.88
Commercial and Industrial Loans 15.90
Farm Loans 0.37

Frequently Asked Questions About First Harrison Bank

Branches and Savings

Is First Harrison Bank FDIC insured?

Yes. It is covered under FDIC Certificate #31223.

Why does First Harrison Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Harrison Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Harrison Bank a commercial bank?

Yes

Where are First Harrison Bank locations?

See branch locations nearby.

Is First Harrison Bank open on Saturdays?

Is First Harrison Bank open on Sundays?

What time does First Harrison Bank open?

What time does First Harrison Bank close?

Are First Harrison Bank ATMs Open 24/7?

Do First Harrison Bank ATMs accept cash deposits?

Can First Harrison Bank customers use other ATMs?

Do First Harrison Bank branches have notaries?

Will First Harrison Bank notarize my document?

What address for First Harrison Bank should I put for incoming ACH transfers?

Will the First Harrison Bank branch print checks?

Do First Harrison Bank checks expire?

Does First Harrison Bank require US citizenship to open account?

Can First Harrison Bank close my account?

Does First Harrison Bank Report to credit bureaus?

Does First Harrison Bank Use Equifax?

What is First Harrison Bank's ACH Routing Number?

What is First Harrison Bank's SWIFT code?

Products

Does First Harrison Bank offer mortgages?

Compare mortgage rates here.

Does First Harrison Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Harrison Bank offer personal loans?

Compare personal loan rates here.

Does First Harrison Bank offer student loans?

Will First Harrison Bank cash a check?

Will First Harrison Bank redeem a savings bond?

Does First Harrison Bank cash savings bonds?

Will First Harrison Bank cash money orders?

Can First Harrison Bank issue a money order?

Does First Harrison Bank do currency exchange?

Background on The Bank

Who owns First Harrison Bank?

How long has First Harrison Bank been around?

Can First Harrison Bank transfer to other banks?

Does First Harrison Bank have quick pay?

Does First Harrison Bank accept rolled coins?

Will First Harrison Bank accept loose change?

Where is First Harrison Bank headquarters?

Customer Reviews for First Harrison Bank


  • September 26, 2015

    Very Polite and Helpful tellers and Managers. Excellent to deal with.

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