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 Refi, Cash Out Refi, and Home Purchase loans. The North Side Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, North Port, Jacksonville, Cape Coral, and Nashville 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.

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SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
Home Equity Line of Credit (HELOC)	5.57%	4/28/24
30 Year Conventional Purchase	6.30%	4/28/24
30 Year Conventional Refi	5.93%	4/28/24
30 Year Cash-out Refi	5.54%	4/28/24
15 Year Conventional Purchase	6.18%	4/28/24
15 Year Conventional Refi	5.60%	4/28/24
15 Year Cash-out Refi	5.60%	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.

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

270

Origination Dollar Volume (All Markets)

$52,620,000

Employee count

106

Awards

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

Show all (2) 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)	265	$47,455,000	$179,075	$719	3.20%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	1	$3,005,000	$3,005,000	$0	3.00%
JACKSONVILLE, FL (FHA\|USDA\|VA)	2	$1,450,000	$725,000	$3,489	2.69%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	1	$365,000	$365,000	$714	3.50%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	1	$345,000	$345,000	$1,001	3.50%

The North Side Bank & Trust Company's top markets include Cincinnati, North Port, Jacksonville, Cape Coral, and Nashville among others.

Their top states include:

Ohio (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Kentucky (FHA|USDA|VA)

Indiana (FHA|USDA|VA)

Tennessee (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: 350

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Similarity Rank: 651

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Similarity Rank: 770

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Similarity Rank: 936

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RIVER VALLEY CREDIT UNION, INC.
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TELHIO
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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	269	$52,105,000	$193,699	$748	3.20%
HELOC	1	$515,000	$515,000	n/a	3.50%

For 2020, The North Side Bank & Trust Company's most frequently originated type of loan was Conventional, with 269 originations. Their 2nd most popular type was HELOC, with 1 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	78	$19,380,000	$248,462	$780	3.06%
Cash Out Refi	75	$15,785,000	$210,467	$883	3.15%
Home Improvement	60	$1,790,000	$29,833	$0	3.30%
Home Purchase	52	$15,510,000	$298,269	$979	3.28%
Other	5	$155,000	$31,000	$0	3.93%

For 2020, The North Side Bank & Trust Company's most frequently cited loan purpose was Refi, with 78 originations. The 2nd most popular reason was Cash Out Refi, with 75 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	97	$26,205,000	$270,155	$1,054	3.21%
15 Year	78	$15,390,000	$197,308	$616	3.08%
5 Year	59	$1,395,000	$23,644	$0	3.29%
20 Year	15	$5,605,000	$373,667	$819	3.13%
Other	11	$1,375,000	$125,000	$412	3.19%
10 Year	9	$2,635,000	$292,778	$702	3.61%
3 Year	1	$15,000	$15,000	$0	3.25%

For 2020, The North Side Bank & Trust Company's most frequently cited loan duration was 30 Year, with 97 originations. The 2nd most popular length was 15 Year, with 78 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	196	$40,920,000	$208,776

The North Side Bank & Trust Company's average total fees were $1,054, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 196 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	144	$19,440,000	$135,000
2.5-3%	107	$28,535,000	$266,682
4-5%	12	$510,000	$42,500
<2.5%	7	$4,135,000	$590,714

During 2020, The North Side Bank & Trust Company's average interest rate for loans was 3.21%, while their most frequently originated rate bucket for loans was 3-4%, with 144 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	113	$4,675,000	$41,372	$426	3.37%
$100k-200k	73	$10,555,000	$144,589	$769	3.12%
$200k-400k	59	$15,565,000	$263,814	$708	3.10%
$400k-600k	15	$6,875,000	$458,333	$1,039	2.93%
$1MM+	7	$12,675,000	$1,810,714	$4,889	2.80%
$600k-1MM	3	$2,275,000	$758,333	$956	2.63%

2020 saw The North Side Bank & Trust Company place emphasis on $100,000 or less loans with 113 originations, totaling $4,675,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	74	$12,900,000	$174,324	$645	3.22%
$50k or less	51	$3,485,000	$68,333	$669	3.23%
$50k-75k	47	$4,875,000	$103,723	$652	3.32%
$150k-250k	38	$8,920,000	$234,737	$593	3.07%
$75k-100k	33	$3,555,000	$107,727	$690	3.27%
$250k+	23	$15,145,000	$658,478	$1,717	2.98%

The North Side Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 74 originations. The second most popular income band? $50k or less, with 51 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
<20%	77	$15,425,000	$200,325	$832	3.10%
20-30%	76	$11,700,000	$153,947	$680	3.21%
30-36%	50	$10,400,000	$208,000	$759	3.24%
40%	10	$1,080,000	$108,000	$659	3.19%
36%	8	$620,000	$77,500	$574	3.56%
37%	7	$3,195,000	$456,429	$1,273	2.98%
41%	6	$1,450,000	$241,667	$638	3.06%
44%	5	$885,000	$177,000	$783	3.08%
39%	5	$315,000	$63,000	$861	3.40%
43%	4	$630,000	$157,500	$480	3.22%
45%	3	$175,000	$58,333	$0	3.25%
50-60%	3	$555,000	$185,000	$808	3.54%
38%	3	$615,000	$205,000	$431	3.92%
42%	3	$95,000	$31,667	$414	3.33%
47%	2	$440,000	$220,000	$914	3.75%
46%	2	$390,000	$195,000	$500	3.63%
49%	1	$815,000	$815,000	$577	2.63%

The North Side Bank & Trust Company lent most frequently to those with DTI ratios of <20%, with 77 originations. The next most common DTI ratio? 20-30%, with 76 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	240	$47,000,000	$195,833	$775	3.19%
Not applicable	3	$3,555,000	$1,185,000	$0	2.92%
Black	24	$1,900,000	$79,167	$375	3.37%
Asian	3	$165,000	$55,000	$670	3.17%

Approval Rates

Total approvals of all applications
88.82%

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

Pick Rate

Approvals leading to origination
91.48%

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

Points and Fees

Points	Originations	Total Value	Average Loan
NA	270	$52,620,000	$194,889

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Site-Built	270	$52,620,000	$194,889

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	29	$2,935,000	$101,207	$557	3.26%
40-60%	44	$9,230,000	$209,773	$962	3.05%
60-80%	90	$23,210,000	$257,889	$868	3.06%
80-100%	46	$15,570,000	$338,478	$785	3.24%
Under 20%	61	$1,675,000	$27,459	$76	3.46%

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	$41,318
The North Side Bank and Trust Company	11628 Springfield Pike Springdale, OH 45246	Full Service B&M	$16,439
The North Side Bank and Trust Company	2739 Madison Road Cincinnati, OH 45209	Full Service B&M	$17,337
The North Side Bank and Trust Company	4125 Hamilton Avenue Cincinnati, OH 45223	Full Service B&M	$279,149
The North Side Bank and Trust Company	633 Anderson Ferry Road Cincinnati, OH 45238	Full Service B&M	$32,466
The North Side Bank and Trust Company	8615 Shepherd Farm Drive West Chester, OH 45069	Full Service B&M	$59,888
The North Side Bank and Trust Company	906 North Bend Road Cincinnati, OH 45244	Full Service B&M	$56,187
The North Side Bank and Trust Company	9315 Colerain Avenue Cincinnati, OH 45251	Full Service B&M	$92,983
The North Side Bank and Trust Company	9407 Kenwood Rd. Cincinnati, OH 45242	Full Service B&M	$76,031

For 2020, The North Side Bank & Trust Company had 9 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$29,023
Net interest income	$24,139
Total noninterest income	$3,073
Gross Fiduciary activities income	$1,284
Service charges on deposit accounts	$475
Trading account gains and fees	$0
Additional Noninterest Income	$1,314
Pre-tax net operating income	$12,784
Securities gains (or losses, -)	$341
Income before extraordinary items	$10,428
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$10,428
Minority interest net income	$0
Net income	$10,428
Sale, conversion, retirement of capital stock, net	$-313
Net operating income	$10,158

The North Side Bank & Trust Company's gross interest income from loans was $29,023,000.
The North Side Bank & Trust Company's net interest income from loans was $24,139,000.
The North Side Bank & Trust Company's fee based income from loans was $475,000.
The North Side Bank & Trust Company's net income from loans was $10,428,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$4,884
Provision for credit losses	$675
Total noninterest expense	$13,753
Salaries and employee benefits	$8,327
Premises and equipment expense	$1,921
Additional noninterest expense	$3,505
Applicable income taxes	$2,697
Net charge-offs	$441
Cash dividends	$3,718

The North Side Bank & Trust Company's interest expense for loans was $4,884,000.
The North Side Bank & Trust Company's payroll and benefits expense were $8,327,000.
The North Side Bank & Trust Company's property, plant and equipment expenses $1,921,000.

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	0.1%
Other individual loans	0.0%
Auto loans	1.0%
Other consumer loans	0.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$714,686
Deposits held in domestic offices	$714,686
Deposits by Individuals, partnerships, and corporations	$709,969
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$4,716
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	$314,460
Demand deposits	$226,417
Nontransaction accounts	$400,225
Money market deposit accounts (MMDAs)	$192,795
Other savings deposits (excluding MMDAs)	$61,353
Total time deposits	$146,077
Total time and savings deposits	$488,268
Noninterest-bearing deposits	$219,926
Interest-bearing deposits	$494,760
Retail deposits	$675,022
IRAs and Keogh plan accounts	$23,099
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$946,549
Cash & Balances due from depository institutions	$109,555
Interest-bearing balances	$93,471
Total securities	$190,915
Federal funds sold & reverse repurchase	$0
Net loans and leases	$618,612
Loan and leases loss allowance	$6,172
Trading account assets	$0
Bank premises and fixed assets	$4,418
Other real estate owned	$0
Goodwill and other intangibles	$0
All other assets	$23,049

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$946,549
Total Liabilities	$850,881
Total deposits	$714,686
Interest-bearing deposits	$494,760
Deposits held in domestic offices	$714,686
% insured (estimated)	$66
Federal funds purchased and repurchase agreements	$133,963
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$2,232

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$618,612
Loan and leases loss allowance	$6,172
Total loans and leases (domestic)	$624,784
All real estate loans	$407,762
Real estate loans in domestic offices	$407,762
Construction and development loans	$6,375
Residential 1-4 family construction	$1,170
Other construction, all land development and other land	$5,205
Loans secured by nonfarm nonresidential properties	$223,822
Nonfarm nonresidential secured by owner-occupied properties	$148,669
Commercial real estate & other non-farm, non-residential	$75,153
Multifamily residential real estate	$1,487
1-4 family residential loans	$172,791
Farmland loans	$3,287
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$211,533
To non-U.S. addressees	$0
Loans to individuals	$6,245
Credit card loans	$2,916
Related Plans	$15
Consumer Auto Loans	$1,851
Other loans to individuals	$1,463
All other loans & leases	$625
Loans to foreign governments and official institutions	$0
Other loans	$625
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 $618,612,000 of loans outstanding in 2020. $407,762,000 of loans were in real estate loans. $6,375,000 of loans were in development loans. $1,487,000 of loans were in multifamily mortgage loans. $172,791,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $2,916,000 of loans were in credit card loans. $1,851,000 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	225	$55,429	$246,351
Nonfarm, nonresidential loans - <$100k	31	$1,279	$41,258
Nonfarm, nonresidential loans - $100-250k	72	$8,568	$119,000
Nonfarm, nonresidential loans - $250k-1MM	122	$45,582	$373,623
Commercial & Industrial, US addressed loans - <$1MM	699	$74,304	$106,300
Commercial & Industrial, US addressed loans - <$100k	383	$10,970	$28,642
Commercial & Industrial, US addressed loans - $100-250k	137	$14,368	$104,876
Commercial & Industrial, US addressed loans - $250k-1MM	179	$48,966	$273,553