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 and Home Purchase loans. The North Side Bank & Trust Company has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top (well, only) market is Cincinnati.

The North Side Bank & Trust Company has an above average approval rate when compared to the average across all lenders. They have a below 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

Purchase Price:

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% Deposit:

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Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

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

199

Origination Dollar Volume (All Markets)

$30,185,000

Employee count

105

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)	198	$30,100,000	$152,020	$1,147	3.12%
Outside of Metro Areas	1	$85,000	$85,000	$0	3.25%

The North Side Bank & Trust Company's top markets include and Cincinnati among others.

Their top states include:

Ohio (FHA|USDA|VA)

Kentucky (FHA|USDA|VA)

Indiana (FHA|USDA|VA)

Michigan (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: 246

CINFED Federal Credit Union
Similarity Rank: 288

Sharefax Credit Union
Similarity Rank: 505

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Similarity Rank: 1152

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Similarity Rank: 1274

RIVER VALLEY CREDIT UNION, INC.
Similarity Rank: 1290

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Similarity Rank: 1320

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Similarity Rank: 1624

The Friendship State Bank
Similarity Rank: 1881

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	198	$30,160,000	$152,323	$1,147	3.12%
FHA	1	$25,000	$25,000	$0	3.25%

For 2021, The North Side Bank & Trust Company's most frequently originated type of loan was Conventional, with 198 originations. Their 2nd most popular type was FHA, with 1 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	102	$18,030,000	$176,765	$1,119	2.95%
Home Improvement	48	$1,290,000	$26,875	$0	3.32%
Home Purchase	33	$8,995,000	$272,576	$1,752	3.16%
Other	7	$425,000	$60,714	$0	3.75%
Cash Out Refi	5	$475,000	$95,000	$0	3.23%
NA	4	$970,000	$242,500	$0	3.31%

For 2021, The North Side Bank & Trust Company's most frequently cited loan purpose was Refi, with 102 originations. The 2nd most popular reason was Home Improvement, with 48 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	57	$13,205,000	$231,667	$1,474	3.20%
15 Year	55	$9,345,000	$169,909	$1,019	2.97%
5 Year	43	$1,145,000	$26,628	$0	3.28%
Other	18	$2,210,000	$122,778	$573	3.05%
20 Year	16	$3,000,000	$187,500	$1,331	3.01%
10 Year	9	$1,265,000	$140,556	$849	2.98%
3 Year	1	$15,000	$15,000	$0	4.00%

For 2021, The North Side Bank & Trust Company's most frequently cited loan duration was 30 Year, with 57 originations. The 2nd most popular length was 15 Year, with 55 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	127	$22,525,000	$177,362
$1k-2k	1	$365,000	$365,000
$3k-4k	1	$685,000	$685,000

The North Side Bank & Trust Company's average total fees were $1,474, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 127 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	94	$11,890,000	$126,489
2.5-3%	78	$14,690,000	$188,333
<2.5%	17	$3,175,000	$186,765
4-5%	10	$430,000	$43,000

During 2021, The North Side Bank & Trust Company's average interest rate for loans was 3.20%, while their most frequently originated rate bucket for loans was 3-4%, with 94 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	95	$4,425,000	$46,579	$753	3.24%
$100k-200k	58	$7,780,000	$134,138	$1,161	3.03%
$200k-400k	34	$10,460,000	$307,647	$1,273	2.99%
$400k-600k	9	$4,025,000	$447,222	$2,216	3.04%
$600k-1MM	2	$1,500,000	$750,000	$3,162	2.56%
$1MM+	1	$1,995,000	$1,995,000	$0	3.00%

2021 saw The North Side Bank & Trust Company place emphasis on $100,000 or less loans with 95 originations, totaling $4,425,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	49	$7,475,000	$152,551	$1,133	3.12%
$50k-75k	41	$3,625,000	$88,415	$1,121	3.13%
$50k or less	39	$2,605,000	$66,795	$1,016	3.17%
$75k-100k	28	$3,740,000	$133,571	$960	3.10%
$150k-250k	24	$5,180,000	$215,833	$1,124	3.17%
$250k+	10	$6,050,000	$605,000	$2,239	2.79%

The North Side Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 49 originations. The second most popular income band? $50k-75k, with 41 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	66	$10,000,000	$151,515	$1,154	3.14%
<20%	43	$6,325,000	$147,093	$1,035	3.07%
30-36%	35	$3,895,000	$111,286	$1,203	3.24%
40%	8	$1,530,000	$191,250	$1,217	2.88%
37%	8	$2,530,000	$316,250	$1,303	3.08%
36%	7	$1,135,000	$162,143	$1,225	3.08%
41%	6	$1,020,000	$170,000	$1,165	3.15%
39%	5	$885,000	$177,000	$1,271	2.90%
45%	3	$135,000	$45,000	$0	3.42%
42%	3	$275,000	$91,667	$1,327	3.25%
43%	3	$485,000	$161,667	$643	2.92%
38%	2	$400,000	$200,000	$2,647	3.25%
44%	1	$25,000	$25,000	$0	3.25%
47%	1	$245,000	$245,000	$1,222	2.50%

The North Side Bank & Trust Company lent most frequently to those with DTI ratios of 20-30%, with 66 originations. The next most common DTI ratio? <20%, with 43 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	163	$26,315,000	$161,442	$1,197	3.11%
Black	28	$2,430,000	$86,786	$814	3.14%
Not applicable	4	$970,000	$242,500	$0	3.31%
Asian	2	$280,000	$140,000	$0	3.38%
American Indian	1	$95,000	$95,000	$0	2.88%
Not provided	1	$95,000	$95,000	$1,254	3.00%

Approval Rates

Total approvals of all applications
91.05%

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

Pick Rate

Approvals leading to origination
82.91%

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

Points and Fees

Points	Originations	Total Value	Average Loan
NA	199	$30,185,000	$151,683

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	199	$30,185,000	$151,683

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	36	$3,300,000	$91,667	$1,019	3.03%
40-60%	36	$5,420,000	$150,556	$1,061	2.92%
60-80%	61	$15,615,000	$255,984	$1,430	3.03%
80-100%	22	$4,730,000	$215,000	$1,285	3.18%
Over 100%	1	$75,000	$75,000	$1,187	3.38%
Under 20%	43	$1,045,000	$24,302	$0	3.44%

Complaints

Bank Name	Product	Issue	2021 CPFB Complaints	% of Total Issues
THE MORTGAGE EXPERTS LLC	VA mortgage	Applying for a mortgage or refinancing an existing mortgage	1	100.0%

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	$48,057
The North Side Bank and Trust Company	11628 Springfield Pike Springdale, OH 45246	Full Service B&M	$21,903
The North Side Bank and Trust Company	2739 Madison Road Cincinnati, OH 45209	Full Service B&M	$25,790
The North Side Bank and Trust Company	4125 Hamilton Avenue Cincinnati, OH 45223	Full Service B&M	$310,541
The North Side Bank and Trust Company	633 Anderson Ferry Road Cincinnati, OH 45238	Full Service B&M	$35,413
The North Side Bank and Trust Company	8615 Shepherd Farm Drive West Chester, OH 45069	Full Service B&M	$63,193
The North Side Bank and Trust Company	906 North Bend Road Cincinnati, OH 45244	Full Service B&M	$58,663
The North Side Bank and Trust Company	9315 Colerain Avenue Cincinnati, OH 45251	Full Service B&M	$100,293
The North Side Bank and Trust Company	9407 Kenwood Rd. Cincinnati, OH 45242	Full Service B&M	$76,933

For 2021, The North Side Bank & Trust Company had 9 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$29,410
Net interest income	$26,599
Total noninterest income	$3,601
Gross Fiduciary activities income	$1,482
Service charges on deposit accounts	$438
Trading account gains and fees	$0
Additional Noninterest Income	$1,681
Pre-tax net operating income	$14,706
Securities gains (or losses, -)	$1,010
Income before extraordinary items	$12,621
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$12,621
Minority interest net income	$0
Net income	$12,621
Sale, conversion, retirement of capital stock, net	$-238
Net operating income	$11,813

The North Side Bank & Trust Company's gross interest income from loans was $29,410,000.
The North Side Bank & Trust Company's net interest income from loans was $26,599,000.
The North Side Bank & Trust Company's fee based income from loans was $438,000.
The North Side Bank & Trust Company's net income from loans was $12,621,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$2,811
Provision for credit losses	$900
Total noninterest expense	$14,594
Salaries and employee benefits	$8,700
Premises and equipment expense	$2,329
Additional noninterest expense	$3,565
Applicable income taxes	$3,095
Net charge-offs	$81
Cash dividends	$4,007

The North Side Bank & Trust Company's interest expense for loans was $2,811,000.
The North Side Bank & Trust Company's payroll and benefits expense were $8,700,000.
The North Side Bank & Trust Company's property, plant and equipment expenses $2,329,000.

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	0.4%
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	$840,729
Deposits held in domestic offices	$840,729
Deposits by Individuals, partnerships, and corporations	$808,524
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$31,958
Deposits by Commercial banks and other depository institutions in U.S.	$248
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$408,268
Demand deposits	$287,681
Nontransaction accounts	$432,462
Money market deposit accounts (MMDAs)	$220,691
Other savings deposits (excluding MMDAs)	$73,854
Total time deposits	$137,918
Total time and savings deposits	$553,049
Noninterest-bearing deposits	$253,355
Interest-bearing deposits	$587,374
Retail deposits	$801,770
IRAs and Keogh plan accounts	$21,389
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,068,216
Cash & Balances due from depository institutions	$168,670
Interest-bearing balances	$155,554
Total securities	$290,004
Federal funds sold & reverse repurchase	$0
Net loans and leases	$580,976
Loan and leases loss allowance	$6,991
Trading account assets	$0
Bank premises and fixed assets	$4,141
Other real estate owned	$0
Goodwill and other intangibles	$0
All other assets	$24,425

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,068,216
Total Liabilities	$967,097
Total deposits	$840,729
Interest-bearing deposits	$587,374
Deposits held in domestic offices	$840,729
% insured (estimated)	$61
Federal funds purchased and repurchase agreements	$123,130
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$3,238

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$580,976
Loan and leases loss allowance	$6,991
Total loans and leases (domestic)	$587,967
All real estate loans	$442,636
Real estate loans in domestic offices	$442,636
Construction and development loans	$6,891
Residential 1-4 family construction	$351
Other construction, all land development and other land	$6,540
Loans secured by nonfarm nonresidential properties	$247,774
Nonfarm nonresidential secured by owner-occupied properties	$158,814
Commercial real estate & other non-farm, non-residential	$88,960
Multifamily residential real estate	$1,537
1-4 family residential loans	$183,492
Farmland loans	$2,942
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$138,373
To non-U.S. addressees	$0
Loans to individuals	$6,763
Credit card loans	$3,219
Related Plans	$5
Consumer Auto Loans	$1,988
Other loans to individuals	$1,551
All other loans & leases	$606
Loans to foreign governments and official institutions	$0
Other loans	$606
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 $580,976,000 of loans outstanding in 2021. $442,636,000 of loans were in real estate loans. $6,891,000 of loans were in development loans. $1,537,000 of loans were in multifamily mortgage loans. $183,492,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $3,219,000 of loans were in credit card loans. $1,988,000 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	221	$54,101	$244,801
Nonfarm, nonresidential loans - <$100k	28	$1,103	$39,393
Nonfarm, nonresidential loans - $100-250k	74	$8,615	$116,419
Nonfarm, nonresidential loans - $250k-1MM	119	$44,383	$372,966
Commercial & Industrial, US addressed loans - <$1MM	425	$45,923	$108,054
Commercial & Industrial, US addressed loans - <$100k	218	$5,453	$25,014
Commercial & Industrial, US addressed loans - $100-250k	75	$6,715	$89,533
Commercial & Industrial, US addressed loans - $250k-1MM	132	$33,755	$255,720