first harrison bank

Nothing is impossible for First Harrison Bank especially when it’s about making customers happy through banking service. This bank is determined to make the banking service better than everything.

They propose what the people of the community need. Everyone can get relief under the shade of this bank after knowing how much better they are to provide financial products and services.

This bank is always ready to serve to meet both personal and business needs. Savings account, checking account, loan, and mortgage everything are available here.

To disclose more secrets about this bank, we’ve discussed more details about it below.

Picture: First Harrison Bank
Picture: First Harrison Bank

What is First Harrison Bank?

In 1891, another community bank announced its presence in the community banking industry. In the United States of America, there are more than a thousand community banks available.

But the bank we are talking about is a bit different from others. After the initial setup, First Harrison Bank started to focus on the customer with a wide range of products.

Today, it has $757 million in assets and $667 million in deposits. People know this bank is better for savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products, and credit cards.

After all, it’s the 18th largest bank in the state of Indiana and the 895th largest bank in the nation. It’s headquartered in Corydon.

In 18 different locations, they are available physically for banking services. That’s why they’ve got an “A” health rating.

Picture: Get your online banking service
Picture: Get your online banking service

Key Information’s About First Harrison Bank:

Before you choose a community bank for daily banking, you should know more details about it. Most of them are related to physical activity.

Knowing all these information lets you understand if the bank is ok for you or not. Let’s check them all below.

ParticularsRemarks
Websitehttp://www.firstharrison.com
IndustriesBanking, Financial Services
Company Size201 –500 employees
Headquarters220 Federal Dr. Nw, Corydon, Indiana
TypePublic Company
Founded DateJan 1, 1891
Operating StatusActive
Legal nameFirst Harrison
Company TypeFor-Profit
FDIC InsuredYes
FDIC Certificate# 31223
Capital$107.71 million
Became FDIC InsuredDec 8, 1961
Number of Branches18
Last Structure ChangeJune 30, 2018
State CharteredYes
SAIF InsuredNo
Net Income$4610
FDIC Region9
FDIC Supervisory RegionChicago
Federal Reserve DistrictChicago
FDIC Field officeIndianapolis
Primary RegulatorFDIC
Return on Assets – YTD1%
Return on Equity – YTD10.25%
Annual Interest Income$29.4 MM

What is their Current Asset and Liability Position?

Offering the best service or a wide range of products is not the last thing if their financial stability is not right at the moment.

Before investing money or getting financial services, you should know all the value of their vital financial parameters like assets, liabilities, loans, capital, equity, etc.

We’ve found all of this information and shown them in the table below. Check it out. 

ParticularsQ4 2021Q4 2020
Assets$1.15B$1.01B
Loans$485.7MM$508.3MM
Deposits$1.04B$904.0MM
Equity Capital$107.6MM$103.7MM
Loan Loss Allowances$6.1MM$6.6MM
Unbacked Noncurrent Loans$1.3Mm$1.5Mm
Real Estate Owned$36.00K$0

Which Types of Product First Harrison Bank Offers?

Without getting a suitable option to manage money, people don’t show any interest in banking. The solution is to offer a wide range of financial products and services.

People have different types of needs that should be fulfilled through all these products. This bank also knows which types of products and services we need. All of their products are given below.

Personal Banking:

  • Checking
  • Savings/ CDs
  • Loans
  • Credit Cards
  • Free ATMs
  • Lost/Stolen Cards
  • Butler’s Guide
  • Digital Banking
  • Asset Management

Business Banking:

  • Checking
  • Savings/ CDs
  • Loans & Lines of Credit
  • Credit Cards
  • Treasury Management
  • Merchant Services
  • Business Bankers
  • Butler’s Guide
  • Digital banking
  • Assets Management

Home Loans:

  • Home Loans Products
  • Mortgage Guide
  • Mortgage Rates
  • Moy Mortgage
  • Mortgage Lenders
  • Mortgage Website
Picture: Mobile application of First Harrison Bank
Picture: Mobile application of First Harrison Bank

What About The Rates?

Financial products and services become a complete package when the rate is suitable and offer the best return.

This bank is also good in this case. Have a glance at the current rate of return, APY, and Terms on their popular products.

ProductCurrent Terms and RatesMinimum Balance for APY
Savings Account0.04% APY$2500
Checking Account0.05% APY$2500
Certificates of Deposit12 Months: 0.70% APY 24 Months: 0.85% APY 36 Months: 1.00% APY 48 Months: 1.20% APY 60 Months: 1.35% APY$2500 for all terms
Money Market Accounts0.05% APY 0.05% APY$10000 $15000

We’ve also made a comparison table for you, to find out the actual scenario about the rate. It will help you to determine the rate is best for you or not comparing others.

Notable RatesAPYVs. Others
Savings0.04%0.85%
1 Year CD0.20%1.25%
2 Year CD0.25%%1.60%
5 Year CD0.85%2.50%
30 Year MortgageN/A2.81%
15 Year MortgageN/A2.36%
HELOCN/A2.79%
National Average vs. First Harrison
National Average vs. First Harrison

First Harrison Bank Locations:

Here is the address of all the branches of the First Harrison Bank. Check them all and find out the nearest one for you.

  • 100 South Bardstown Road, Mount Washington, KY 40047 
  • 2754 Allison Lane, Jeffersonville, IN 47130 
  • 550 John Harper Highway, Shepherdsville, KY 40165 
  • 4303 Charlestown Road, New Albany, IN 47150 
  • 1612 Highway 44 East, Shepherdsville, KY 40165 
  • 3131 Grantline Road, New Albany, IN 47150 
  • 130 South Buckman, Shepherdsville, KY 40165 
  • 5609 Williamsburg Station Rd, Floyds Knobs, IN 47119 
  • 140 South Poplar Street, Lebanon Junction, KY 40150 
  • 9849 Highway 150, Greenville, IN 47124 
  • 2420 Barron Ave Ne, Lanesville, IN 47136 
  • 1312 Jackson Street, Salem, IN 47167 
  • 5100 Hwy 64, Georgetown, IN 47122 
  • 710 Main Street, Palmyra, IN 47164 
  • 8095 Highway 135 Ne, New Salisbury, IN 47161 
  • 220 Federal Dr. NW, Corydon, IN 47112
  • 391 Old Capitol Plaza, Corydon, IN 47112 

Conclusion:

First Harrison Bank is dedicated to their clients to give the highest level of services. Not only that, they know when you need your bank most in a time of crisis.

That’s why they also make all the services accessible using online and mobile banking. Now banking on the go is super easy.

You don’t need to ask them twice to get any help with your financial needs. They will listen to you and give you the best solution. This is the bank we need for our community as well as for us.

It can build a solid relationship with its clients. Undoubtedly, it is the best bank, which serves us in a family atmosphere.

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