The North Side Bank & Trust Company Mortgage Rates, Fees & Info

Cincinnati, OH

LEI: 5493000FE7FNF0BV8N77

Tax ID: 31-0393100

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

Review & Overview

The North Side Bank & Trust Company is a smaller bank specializing in Home Purchase and Cash Out Refi loans. The North Side Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, North Port, Naples, Tampa, and Columbus among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

The North Side Bank & Trust Company has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. The North Side Bank & Trust Company 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
Home Equity Line of Credit (HELOC)	5.57%	5/5/24
30 Year Conventional Purchase	6.30%	5/5/24
30 Year Conventional Refi	5.93%	5/5/24
30 Year Cash-out Refi	5.54%	5/5/24
15 Year Conventional Purchase	6.18%	5/5/24
15 Year Conventional Refi	5.60%	5/5/24
15 Year Cash-out Refi	5.60%	5/5/24
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.

The North Side Bank & Trust Company Mortgage Calculator

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This is not an official calculator from The North Side Bank & Trust Company. 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

232

Origination Dollar Volume (All Markets)

$25,160,000

Employee count

107

Awards

The North Side Bank & Trust Company 30 Year Conventional Loans gold

Show all (4) 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
CINCINNATI, OH-KY-IN (FHA\|USDA\|VA)	227	$23,445,000	$103,282	$511	3.80%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	2	$1,090,000	$545,000	$7,286	3.94%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	1	$305,000	$305,000	$3,658	3.88%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	1	$195,000	$195,000	$2,102	3.50%
COLUMBUS, OH (FHA\|USDA\|VA)	1	$125,000	$125,000	$0	4.63%

The North Side Bank & Trust Company's top markets include Cincinnati, North Port, Naples, Tampa, and Columbus among others.

Their top states include:

Ohio (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Kentucky (FHA|USDA|VA)

Indiana (FHA|USDA|VA)

Similar Lenders

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

The North Side Bank & Trust Company
Similarity Rank: 55

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Similarity Rank: 162

RIVER VALLEY CREDIT UNION, INC.
Similarity Rank: 504

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Similarity Rank: 828

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Similarity Rank: 1001

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VICTORY MORTGAGE, L.L.C.
Similarity Rank: 1391

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	232	$25,160,000	$108,448	$814	3.80%

For 2019, The North Side Bank & Trust Company's most frequently originated type of loan was Conventional, with 232 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Improvement	86	$2,500,000	$29,070	$0	3.36%
Home Purchase	55	$10,215,000	$185,727	$1,111	4.07%
Cash Out Refi	51	$7,925,000	$155,392	$499	4.01%
Refi	33	$4,265,000	$129,242	$324	4.06%
Other	7	$255,000	$36,429	$0	4.39%

For 2019, The North Side Bank & Trust Company's most frequently cited loan purpose was Home Improvement, with 86 originations. The 2nd most popular reason was Home Purchase, with 55 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
5 Year	85	$2,155,000	$25,353	$25	3.36%
30 Year	69	$14,035,000	$203,406	$1,030	4.07%
15 Year	46	$6,000,000	$130,435	$486	3.90%
Other	14	$1,560,000	$111,429	$1,301	4.51%
10 Year	13	$685,000	$52,692	$288	3.99%
20 Year	5	$725,000	$145,000	$0	4.30%

For 2019, The North Side Bank & Trust Company's most frequently cited loan duration was 5 Year, with 85 originations. The 2nd most popular length was 30 Year, with 69 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	167	$18,035,000	$107,994

The North Side Bank & Trust Company's average total fees were $1,030, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 167 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	154	$16,070,000	$104,351
4-5%	69	$7,995,000	$115,870
2.5-3%	7	$925,000	$132,143
5-6%	2	$170,000	$85,000

During 2019, The North Side Bank & Trust Company's average interest rate for loans was 4.07%, while their most frequently originated rate bucket for loans was 3-4%, with 154 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	138	$5,360,000	$38,841	$333	3.70%
$100k-200k	57	$7,875,000	$138,158	$690	3.98%
$200k-400k	30	$7,830,000	$261,000	$770	3.93%
$400k-600k	5	$2,455,000	$491,000	$0	3.93%
$600k-1MM	2	$1,640,000	$820,000	$7,286	3.44%

2019 saw The North Side Bank & Trust Company place emphasis on $100,000 or less loans with 138 originations, totaling $5,360,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	58	$5,970,000	$102,931	$501	3.73%
$50k-75k	54	$4,020,000	$74,444	$719	3.90%
$50k or less	46	$3,510,000	$76,304	$509	3.72%
$150k-250k	31	$4,935,000	$159,194	$968	3.76%
$75k-100k	31	$3,265,000	$105,323	$521	3.84%
$250k+	8	$2,920,000	$365,000	$3,890	4.00%

The North Side Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 58 originations. The second most popular income band? $50k-75k, with 54 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	76	$7,990,000	$105,132	$1,313	3.73%
<20%	49	$4,225,000	$86,224	$857	3.69%
30-36%	42	$3,760,000	$89,524	$449	3.94%
40%	9	$1,225,000	$136,111	$498	3.90%
38%	8	$750,000	$93,750	$500	4.13%
37%	7	$1,115,000	$159,286	$593	3.63%
39%	7	$1,295,000	$185,000	$0	3.80%
36%	7	$395,000	$56,429	$260	3.86%
42%	6	$720,000	$120,000	$1,539	3.73%
43%	4	$370,000	$92,500	$0	3.69%
41%	3	$1,465,000	$488,333	$0	3.71%
46%	3	$275,000	$91,667	$495	3.83%
44%	2	$240,000	$120,000	$417	3.31%
45%	2	$350,000	$175,000	$263	3.56%
48%	1	$125,000	$125,000	$550	3.25%

The North Side Bank & Trust Company lent most frequently to those with DTI ratios of 20-30%, with 76 originations. The next most common DTI ratio? <20%, with 49 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	199	$22,835,000	$114,749	$828	3.82%
Black	27	$1,895,000	$70,185	$498	3.60%
Asian	2	$150,000	$75,000	$0	4.50%
Not applicable	1	$145,000	$145,000	$1,301	4.50%
American Indian	1	$105,000	$105,000	$0	3.75%
Not provided	2	$30,000	$15,000	$0	3.25%

Approval Rates

Total approvals of all applications
87.71%

The North Side Bank & Trust Company has an average approval rate.

Pick Rate

Approvals leading to origination
91.38%

The North Side Bank & Trust Company has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
0.0	1	$535,000	$535,000
NA	231	$24,625,000	$106,602

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Site-Built	232	$25,160,000	$108,448

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	38	$2,350,000	$61,842	$425	3.76%
40-60%	25	$4,085,000	$163,400	$759	3.83%
60-80%	54	$9,030,000	$167,222	$720	4.04%
80-100%	41	$8,075,000	$196,951	$1,001	4.05%
Under 20%	74	$1,620,000	$21,892	$25	3.51%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
The North Side Bank and Trust Company	1111 St. Gregory Street Cincinnati, OH 45202	Full Service B&M	$34,358
The North Side Bank and Trust Company	11628 Springfield Pike Springdale, OH 45246	Full Service B&M	$11,375
The North Side Bank and Trust Company	2739 Madison Road Cincinnati, OH 45209	Full Service B&M	$8,949
The North Side Bank and Trust Company	4125 Hamilton Avenue Cincinnati, OH 45223	Full Service B&M	$210,113
The North Side Bank and Trust Company	633 Anderson Ferry Road Cincinnati, OH 45238	Full Service B&M	$28,061
The North Side Bank and Trust Company	8615 Shepherd Farm Drive West Chester, OH 45069	Full Service B&M	$44,066
The North Side Bank and Trust Company	906 North Bend Road Cincinnati, OH 45244	Full Service B&M	$46,692
The North Side Bank and Trust Company	9315 Colerain Avenue Cincinnati, OH 45251	Full Service B&M	$77,550
The North Side Bank and Trust Company	9407 Kenwood Rd. Cincinnati, OH 45242	Full Service B&M	$56,051

For 2019, The North Side Bank & Trust Company had 9 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$28,852
Net interest income	$22,621
Total noninterest income	$3,167
Gross Fiduciary activities income	$1,202
Service charges on deposit accounts	$672
Trading account gains and fees	$0
Additional Noninterest Income	$1,293
Pre-tax net operating income	$12,446
Securities gains (or losses, -)	$437
Income before extraordinary items	$10,376
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$10,376
Minority interest net income	$0
Net income	$10,376
Sale, conversion, retirement of capital stock, net	$-154
Net operating income	$10,022

The North Side Bank & Trust Company's gross interest income from loans was $28,852,000.
The North Side Bank & Trust Company's net interest income from loans was $22,621,000.
The North Side Bank & Trust Company's fee based income from loans was $672,000.
The North Side Bank & Trust Company's net income from loans was $10,376,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$6,231
Provision for credit losses	$0
Total noninterest expense	$13,342
Salaries and employee benefits	$7,735
Premises and equipment expense	$2,032
Additional noninterest expense	$3,575
Applicable income taxes	$2,507
Net charge-offs	$-374
Cash dividends	$3,857

The North Side Bank & Trust Company's interest expense for loans was $6,231,000.
The North Side Bank & Trust Company's payroll and benefits expense were $7,735,000.
The North Side Bank & Trust Company's property, plant and equipment expenses $2,032,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	0.0%
Real Estate loans	0.0%
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	0.0%
Personal loans	0.0%
Credit card loans	0.2%
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	$584,267
Deposits held in domestic offices	$584,267
Deposits by Individuals, partnerships, and corporations	$579,559
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$4,463
Deposits by Commercial banks and other depository institutions in U.S.	$245
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$231,525
Demand deposits	$168,393
Nontransaction accounts	$352,742
Money market deposit accounts (MMDAs)	$149,287
Other savings deposits (excluding MMDAs)	$48,398
Total time deposits	$155,058
Total time and savings deposits	$415,874
Noninterest-bearing deposits	$163,076
Interest-bearing deposits	$421,191
Retail deposits	$539,265
IRAs and Keogh plan accounts	$21,648
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$754,618
Cash & Balances due from depository institutions	$116,869
Interest-bearing balances	$100,476
Total securities	$120,774
Federal funds sold & reverse repurchase	$0
Net loans and leases	$501,258
Loan and leases loss allowance	$5,938
Trading account assets	$0
Bank premises and fixed assets	$4,264
Other real estate owned	$0
Goodwill and other intangibles	$0
All other assets	$11,453

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$754,618
Total Liabilities	$665,267
Total deposits	$584,267
Interest-bearing deposits	$421,191
Deposits held in domestic offices	$584,267
% insured (estimated)	$70
Federal funds purchased and repurchase agreements	$78,040
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$2,960

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$501,258
Loan and leases loss allowance	$5,938
Total loans and leases (domestic)	$507,196
All real estate loans	$354,622
Real estate loans in domestic offices	$354,622
Construction and development loans	$5,824
Residential 1-4 family construction	$2,509
Other construction, all land development and other land	$3,315
Loans secured by nonfarm nonresidential properties	$198,373
Nonfarm nonresidential secured by owner-occupied properties	$141,979
Commercial real estate & other non-farm, non-residential	$56,394
Multifamily residential real estate	$1,361
1-4 family residential loans	$145,132
Farmland loans	$3,932
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$144,955
To non-U.S. addressees	$0
Loans to individuals	$7,298
Credit card loans	$3,297
Related Plans	$11
Consumer Auto Loans	$1,752
Other loans to individuals	$2,238
All other loans & leases	$354
Loans to foreign governments and official institutions	$0
Other loans	$354
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	$0
Non 1-4 family restructured loans & leases	$0
Total loans and leases (foreign)	$0

The North Side Bank & Trust Company had $501,258,000 of loans outstanding in 2019. $354,622,000 of loans were in real estate loans. $5,824,000 of loans were in development loans. $1,361,000 of loans were in multifamily mortgage loans. $145,132,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $3,297,000 of loans were in credit card loans. $1,752,000 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	234	$56,310	$240,641
Nonfarm, nonresidential loans - <$100k	34	$1,479	$43,500
Nonfarm, nonresidential loans - $100-250k	75	$8,760	$116,800
Nonfarm, nonresidential loans - $250k-1MM	125	$46,071	$368,568
Commercial & Industrial, US addressed loans - <$1MM	409	$43,810	$107,115
Commercial & Industrial, US addressed loans - <$100k	192	$5,806	$30,240
Commercial & Industrial, US addressed loans - $100-250k	87	$7,384	$84,874
Commercial & Industrial, US addressed loans - $250k-1MM	130	$30,620	$235,538