National Cooperative Bank N.a. Mortgage Rates, Fees & Info

Hillsboro, OH

LEI: 5493001GAASLCSP1PB64

Tax ID: 31-1253766

5 stars - out of 5 stars, based on 34 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

National Cooperative Bank N.a. is a small bank specializing in Refi loans. National Cooperative Bank N.a. has a high proportion of conventional loans. Their top markets include New York, San Francisco, Los Angeles, Washington, and Minneapolis among others. National Cooperative Bank N.a. has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. National Cooperative Bank N.a. is typically an average fee lendor.


Originations

1,180

Origination Dollar Volume (All Markets)

$1,193,620,000

Employee count

356 Show all (5) awards

Relative Rate

National Cooperative Bank N.a.'s average 30 year fixed rate mortgage of loans were 3.34%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.19%.

Relative Fees

National Cooperative Bank N.a.'s average total fees for a 30 year fixed rate mortgage are $3,673.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 395 $907,845,000 $2,298,342 $3,320 3.34%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 233 $127,155,000 $545,730 $4,017 3.27%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 216 $53,310,000 $246,806 $4,235 3.50%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 114 $35,930,000 $315,175 $2,433 2.95%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 19 $18,595,000 $978,684 $2,615 3.46%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $15,720,000 $7,860,000 $0 4.12%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 73 $8,225,000 $112,671 $3,404 3.26%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 34 $7,700,000 $226,471 $3,368 2.81%
Outside of Metro Areas 33 $4,085,000 $123,788 $1,890 2.54%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 8 $2,660,000 $332,500 $2,281 3.04%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $2,455,000 $2,455,000 $0 3.95%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 13 $1,915,000 $147,308 $3,108 3.10%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 3 $1,675,000 $558,333 $3,029 3.29%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 6 $1,250,000 $208,333 $2,102 3.21%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 8 $820,000 $102,500 $1,792 2.52%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $805,000 $805,000 $0 3.48%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $695,000 $695,000 $2,526 2.63%
ANN ARBOR, MI (FHA|USDA|VA) 6 $610,000 $101,667 $3,156 3.46%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $540,000 $270,000 $4,005 2.81%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $370,000 $185,000 $3,065 3.06%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $370,000 $185,000 $3,317 3.50%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $325,000 $325,000 $0 4.25%
SPRINGFIELD, MA (FHA|USDA|VA) 4 $220,000 $55,000 $3,150 3.47%
AKRON, OH (FHA|USDA|VA) 1 $155,000 $155,000 $2,628 2.88%
Wilmington, OH (FHA|USDA|VA) 1 $125,000 $125,000 $1,645 2.50%
ROCHESTER, MN (FHA|USDA|VA) 1 $65,000 $65,000 $2,822 3.38%

National Cooperative Bank N.a.'s top markets include New York, San Francisco, Los Angeles, Washington, and Minneapolis among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,180 $1,193,620,000 $1,011,542 $3,512 3.27%

For the 2021 period, National Cooperative Bank N.a.'s most frequently originated loan type of loans were Conventional, with 1,180 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 481 $905,485,000 $1,882,505 $2,737 3.20%
Home Purchase 468 $165,150,000 $352,885 $4,207 3.38%
Cash Out Refi 184 $49,520,000 $269,130 $2,781 3.09%
Other 38 $71,930,000 $1,892,895 $3,240 3.60%
Home Improvement 9 $1,535,000 $170,556 $2,907 3.18%

For the 2021, National Cooperative Bank N.a.'s most frequently cited loan purpose of loans were Refi, with 481 originations. The 2nd most popular reason of loans were Home Purchase, with 468 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 742 $272,450,000 $367,183 $3,673 3.34%
10 Year 277 $819,815,000 $2,959,621 $2,734 3.25%
15 Year 99 $36,125,000 $364,899 $2,756 2.75%
20 Year 45 $18,965,000 $421,444 $2,929 2.95%
Other 15 $43,475,000 $2,898,333 $0 4.21%
5 Year 2 $2,790,000 $1,395,000 $0 3.98%

For the 2021, National Cooperative Bank N.a.'s most frequently cited loan length of loans were 30 Year, with 742 originations. The 2nd most popular length of loans were 10 Year, with 277 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 533 $176,925,000 $331,942
$<1k 371 $97,585,000 $263,032
$3k-4k 1 $175,000 $175,000

$3,673 of loans were National Cooperative Bank N.a.'s average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 533 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 767 $818,225,000 $1,066,786
2.5-3% 270 $272,710,000 $1,010,037
4-5% 78 $92,400,000 $1,184,615
<2.5% 65 $10,285,000 $158,231

During 2021, National Cooperative Bank N.a.'s average interest rate of loans were 3.34%, while their most frequently originated rate bucket of loans were 3-4%, with 767 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 297 $82,565,000 $277,997 $3,387 3.25%
$100k-200k 270 $39,850,000 $147,593 $2,989 3.16%
$1MM+ 248 $915,180,000 $3,690,242 $5,881 3.30%
$100,000 or less 129 $8,275,000 $64,147 $2,974 3.08%
$400k-600k 119 $58,195,000 $489,034 $4,050 3.41%
$600k-1MM 117 $89,555,000 $765,427 $5,018 3.55%

2021 saw National Cooperative Bank N.a. place emphasis on $200k-400k loans with 297 originations, totaling $82,565,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 188 $84,000,000 $446,809 $3,948 3.27%
$100k-150k 184 $52,460,000 $285,109 $3,607 3.24%
$50k-75k 184 $30,860,000 $167,717 $3,090 3.20%
$75k-100k 155 $33,795,000 $218,032 $3,315 3.15%
$250k+ 105 $63,965,000 $609,190 $4,099 3.27%
$50k or less 84 $7,670,000 $91,310 $2,951 3.19%

National Cooperative Bank N.a. lent most frequently to those with incomes in the $150k-250k range, with 188 originations. The second most popular income band? $100k-150k, with 184 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 259 $77,855,000 $300,598 $3,474 3.22%
30-36% 159 $48,965,000 $307,956 $3,517 3.23%
<20% 124 $34,780,000 $280,484 $3,337 3.12%
39% 41 $13,895,000 $338,902 $3,745 3.31%
42% 38 $10,040,000 $264,211 $3,573 3.33%
40% 38 $13,820,000 $363,684 $3,645 3.27%
36% 36 $11,860,000 $329,444 $3,800 3.26%
38% 34 $12,700,000 $373,529 $4,160 3.30%
41% 32 $11,560,000 $361,250 $3,520 3.20%
37% 26 $11,350,000 $436,538 $3,911 3.20%
44% 23 $6,285,000 $273,261 $2,929 3.20%
45% 21 $5,335,000 $254,048 $3,371 3.34%
43% 20 $4,570,000 $228,500 $3,424 3.24%
49% 15 $3,025,000 $201,667 $2,949 3.14%
46% 14 $2,840,000 $202,857 $3,779 3.19%
48% 12 $2,440,000 $203,333 $3,352 3.07%
47% 8 $1,430,000 $178,750 $3,663 3.14%
>60% 1 $495,000 $495,000 $3,838 2.88%

National Cooperative Bank N.a. lent most frequently to those with DTI ratios of 20-30%, with 259 originations. The next most common DTI ratio? 30-36%, with 159 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 275 $918,935,000 $3,341,582 $0 3.44%
White 615 $182,915,000 $297,423 $3,414 3.17%
Not provided 136 $41,880,000 $307,941 $3,873 3.34%
Asian 93 $37,575,000 $404,032 $3,852 3.30%
Black 44 $8,220,000 $186,818 $3,099 3.30%
American Indian 6 $1,480,000 $246,667 $3,673 3.33%
Asian Indian 3 $955,000 $318,333 $3,506 2.63%
Filipino 2 $600,000 $300,000 $3,246 3.38%
Other Asian 3 $495,000 $165,000 $2,821 2.79%
1 $205,000 $205,000 $2,897 2.63%
Vietnamese 1 $185,000 $185,000 $3,724 3.00%
Other Pacific Islander 1 $175,000 $175,000 $3,532 3.25%

Approval Rates

Total approvals of all applications
88.91%

National Cooperative Bank N.a. has an average approval rate.

Pick Rate

Approvals leading to origination
83.14%

National Cooperative Bank N.a. has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,180 $1,193,620,000 $1,011,542

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,180 $1,193,620,000 $1,011,542

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 171 $257,875,000 $1,508,041 $2,896 3.11%
40-60% 200 $56,770,000 $283,850 $3,114 3.12%
60-80% 390 $165,910,000 $425,410 $3,823 3.31%
80-100% 209 $58,005,000 $277,536 $3,659 3.30%
Over 100% 1 $805,000 $805,000 $0 3.48%
Under 20% 208 $653,050,000 $3,139,663 $2,875 3.42%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
NATIONAL ASSET MORTGAGE, LLC Conventional home mortgage Struggling to pay mortgage 2 100.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
National Cooperative Bank, N.A. 139 South High Street Hillsboro, OH 45133 Full Service B&M $2,593,552

For 2021, National Cooperative Bank N.a. had 1 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $112,154
Net interest income $100,450
Total noninterest income $67,648
Gross Fiduciary activities income $0
Service charges on deposit accounts $2,666
Trading account gains and fees $0
Additional Noninterest Income $64,982
Pre-tax net operating income $61,448
Securities gains (or losses, -) $0
Income before extraordinary items $53,854
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $53,854
Minority interest net income $0
Net income $53,854
Sale, conversion, retirement of capital stock, net $0
Net operating income $53,854

National Cooperative Bank N.a.'s gross interest income from loans was $112,154,000.
National Cooperative Bank N.a.'s net interest income from loans was $100,450,000.
National Cooperative Bank N.a.'s fee based income from loans was $2,666,000.
National Cooperative Bank N.a.'s net income from loans was $53,854,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $11,704
Provision for credit losses $-1,206
Total noninterest expense $107,856
Salaries and employee benefits $67,101
Premises and equipment expense $6,000
Additional noninterest expense $34,755
Applicable income taxes $7,594
Net charge-offs $504
Cash dividends $12,309

National Cooperative Bank N.a.'s interest expense for loans was $11,704,000.
National Cooperative Bank N.a.'s payroll and benefits expense were $67,101,000.
National Cooperative Bank N.a.'s property, plant and equipment expenses $6,000,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 1.0%
Real Estate loans 1.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 3.0%
HELOC loans 0.0%
All other family 3.0%
Commercial & industrial loans 1.0%
Personal loans 0.0%
Credit card loans 0.0%
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 $2,689,267
Deposits held in domestic offices $2,689,267
Deposits by Individuals, partnerships, and corporations $1,647,493
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $26,350
Deposits by Commercial banks and other depository institutions in U.S. $1,015,425
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $1,080,768
Demand deposits $1,040,839
Nontransaction accounts $1,608,500
Money market deposit accounts (MMDAs) $1,356,577
Other savings deposits (excluding MMDAs) $21,844
Total time deposits $230,077
Total time and savings deposits $1,648,429
Noninterest-bearing deposits $519,960
Interest-bearing deposits $2,169,307
Retail deposits $2,578,887
IRAs and Keogh plan accounts $8,879
Brokered deposits $39,396
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $3,166,513
Cash & Balances due from depository institutions $564,294
Interest-bearing balances $504,524
Total securities $299,463
Federal funds sold & reverse repurchase $0
Net loans and leases $2,234,565
Loan and leases loss allowance $22,610
Trading account assets $0
Bank premises and fixed assets $1,556
Other real estate owned $172
Goodwill and other intangibles $31,003
All other assets $35,460

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $3,166,513
Total Liabilities $2,794,990
Total deposits $2,689,267
Interest-bearing deposits $2,169,307
Deposits held in domestic offices $2,689,267
% insured (estimated) $38
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $75,000
Subordinated debt $0
All other liabilities $30,723

Issued Loan Types

Type Value (in 000's)
Net loans and leases $2,234,565
Loan and leases loss allowance $22,610
Total loans and leases (domestic) $2,257,175
All real estate loans $1,591,451
Real estate loans in domestic offices $1,591,451
Construction and development loans $18,424
Residential 1-4 family construction $0
Other construction, all land development and other land $18,424
Loans secured by nonfarm nonresidential properties $291,932
Nonfarm nonresidential secured by owner-occupied properties $74,310
Commercial real estate & other non-farm, non-residential $217,622
Multifamily residential real estate $710,258
1-4 family residential loans $569,718
Farmland loans $1,119
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $602,755
To non-U.S. addressees $0
Loans to individuals $63,533
Credit card loans $0
Related Plans $0
Consumer Auto Loans $63,358
Other loans to individuals $175
All other loans & leases $8,409
Loans to foreign governments and official institutions $0
Other loans $1,409
Loans to depository institutions and acceptances of other banks $7,000
Loans not secured by real estate $2,992
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $2,848
Non 1-4 family restructured loans & leases $1,576
Total loans and leases (foreign) $0

NATIONAL COOPERATIVE BANK N.A. had $2,234,565,000 of loans outstanding in 2021. $1,591,451,000 of loans were in real estate loans. $18,424,000 of loans were in development loans. $710,258,000 of loans were in multifamily mortgage loans. $569,718,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $63,358,000 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 45 $16,142 $358,711
Nonfarm, nonresidential loans - <$100k 5 $116 $23,200
Nonfarm, nonresidential loans - $100-250k 6 $748 $124,667
Nonfarm, nonresidential loans - $250k-1MM 34 $15,278 $449,353
Commercial & Industrial, US addressed loans - <$1MM 422 $99,440 $235,640
Commercial & Industrial, US addressed loans - <$100k 126 $5,037 $39,976
Commercial & Industrial, US addressed loans - $100-250k 92 $12,633 $137,315
Commercial & Industrial, US addressed loans - $250k-1MM 204 $81,770 $400,833
Farmland loans - <$1MM 14 $1,119 $79,929
Farmland loans - <$100k 6 $174 $29,000
Farmland loans - $100-250k 6 $625 $104,167
Farmland loans - $250k-1MM 2 $320 $160,000