Northstar Bank Mortgage Rates, Fees & Info

Bad Axe, MI

LEI: 5493008S6MTNE6CY5G37

Tax ID: 38-3576013

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Mortgage Data

Bank Data

Review & Overview

Northstar Bank is a smaller bank specializing in Home Purchase and Refi loans. Northstar Bank has a high proportion of conventional loans. Their top markets by origination volume include: Detroit, Ann Arbor, Flint, Saginaw, and Bay City among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Northstar Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

211

Origination Dollar Volume (All Markets)

$41,865,000

Employee count

148

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
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 83 $17,525,000 $211,145 $0 0.00%
ANN ARBOR, MI (FHA|USDA|VA) 18 $11,710,000 $650,556 $0 0.00%
Outside of Metro Areas 102 $11,560,000 $113,333 $0 0.00%
FLINT, MI (FHA|USDA|VA) 2 $320,000 $160,000 $0 0.00%
SAGINAW, MI (FHA|USDA|VA) 2 $300,000 $150,000 $0 0.00%
BAY CITY, MI (FHA|USDA|VA) 2 $220,000 $110,000 $0 0.00%
JACKSON, MI (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Traverse City, MI (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Northstar Bank's top markets include Detroit, Ann Arbor, Flint, Saginaw, and Bay City among others.

Their top states include:
  • Michigan (FHA|USDA|VA)
  • Similar Lenders

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 211 $41,865,000 $198,412 $0 0.00%

    For 2021, Northstar Bank's most frequently originated type of loan was Conventional, with 211 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 92 $22,490,000 $244,457 $0 0.00%
    Refi 69 $11,345,000 $164,420 $0 0.00%
    Cash Out Refi 36 $5,900,000 $163,889 $0 0.00%
    Home Improvement 12 $1,770,000 $147,500 $0 0.00%
    Other 2 $360,000 $180,000 $0 0.00%

    For 2021, Northstar Bank's most frequently cited loan purpose was Home Purchase, with 92 originations. The 2nd most popular reason was Refi, with 69 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 211 $41,865,000 $198,412 $0 0.00%

    For 2021, Northstar Bank's most frequently cited loan duration was Other, with 211 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 79 $10,775,000 $136,392 $0 0.00%
    $100,000 or less 73 $4,925,000 $67,466 $0 0.00%
    $200k-400k 42 $10,850,000 $258,333 $0 0.00%
    $400k-600k 10 $4,830,000 $483,000 $0 0.00%
    $1MM+ 5 $8,975,000 $1,795,000 $0 0.00%
    $600k-1MM 2 $1,510,000 $755,000 $0 0.00%

    2021 saw Northstar Bank place emphasis on $100k-200k loans with 79 originations, totaling $10,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 54 $4,890,000 $90,556 $0 0.00%
    $50k-75k 43 $4,975,000 $115,698 $0 0.00%
    $100k-150k 33 $6,835,000 $207,121 $0 0.00%
    $75k-100k 29 $4,835,000 $166,724 $0 0.00%
    $150k-250k 14 $2,980,000 $212,857 $0 0.00%
    $250k+ 10 $2,490,000 $249,000 $0 0.00%

    Northstar Bank lent most frequently to those with incomes in the $50k or less range, with 54 originations. The second most popular income band? $50k-75k, with 43 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 211 $41,865,000 $198,412 $0 0.00%

    Northstar Bank lent most frequently to those with DTI ratios of Exempt%, with 211 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 188 $28,340,000 $150,745 $0 0.00%
    Not applicable 22 $12,670,000 $575,909 $0 0.00%
    Not provided 1 $855,000 $855,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.87%

    Northstar Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.52%

    Northstar Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 211 $41,865,000 $198,412

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    211 $41,865,000 $198,412

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    NORTHSTAR FUNDING INC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Northstar Bank 4495 Garfield St Ubly, MI 48475 Full Service B&M $22,342
    Northstar Bank 1100 East Caro Road Caro, MI 48723 Full Service B&M $98,393
    Northstar Bank 503 Andrew Murphy Ave Port Huron, MI 48060 Full Service B&M $55,129
    Northstar Bank 66550 Gratiot Lenox, MI 48050 Full Service B&M $41,356
    Northstar Bank 7611 West Pigeon Road Pigeon, MI 48755 Full Service B&M $19,612
    Northstar Bank 833 South Van Dyke Bad Axe, MI 48413 Full Service B&M $184,979
    Northstar Bank 900 Point Tremble Road Algonac, MI 48001 Full Service B&M $63,052
    Northstar Bank 1960 Fred W Moore Highway Saint Clair, MI 48079 Full Service B&M $160,732
    Northstar Bank 2800 South State Street Ann Arbor, MI 48103 Full Service B&M $111,574
    Northstar Bank 3559 Main Street Akron, MI 48701 Full Service B&M $23,503

    For 2021, Northstar Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $26,668
    Net interest income $25,567
    Total noninterest income $5,165
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $982
    Trading account gains and fees $0
    Additional Noninterest Income $4,183
    Pre-tax net operating income $11,251
    Securities gains (or losses, -) $-58
    Income before extraordinary items $8,965
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,965
    Minority interest net income $0
    Net income $8,965
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,011

    Northstar Bank's gross interest income from loans was $26,668,000.
    Northstar Bank's net interest income from loans was $25,567,000.
    Northstar Bank's fee based income from loans was $982,000.
    Northstar Bank's net income from loans was $8,965,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,101
    Provision for credit losses $-950
    Total noninterest expense $20,431
    Salaries and employee benefits $11,669
    Premises and equipment expense $1,987
    Additional noninterest expense $6,775
    Applicable income taxes $2,228
    Net charge-offs $-195
    Cash dividends $1,352

    Northstar Bank's interest expense for loans was $1,101,000.
    Northstar Bank's payroll and benefits expense were $11,669,000.
    Northstar Bank's property, plant and equipment expenses $1,987,000.

    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 0.0%
    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 $832,944
    Deposits held in domestic offices $832,944
    Deposits by Individuals, partnerships, and corporations $596,272
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $234,915
    Deposits by Commercial banks and other depository institutions in U.S. $1,756
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $418,072
    Demand deposits $240,538
    Nontransaction accounts $414,871
    Money market deposit accounts (MMDAs) $237,191
    Other savings deposits (excluding MMDAs) $97,665
    Total time deposits $80,017
    Total time and savings deposits $592,405
    Noninterest-bearing deposits $240,539
    Interest-bearing deposits $592,405
    Retail deposits $798,134
    IRAs and Keogh plan accounts $7,218
    Brokered deposits $13,038
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $913,384
    Cash & Balances due from depository institutions $155,924
    Interest-bearing balances $142,904
    Total securities $86,540
    Federal funds sold & reverse repurchase $0
    Net loans and leases $629,260
    Loan and leases loss allowance $9,282
    Trading account assets $849
    Bank premises and fixed assets $10,178
    Other real estate owned $3,612
    Goodwill and other intangibles $3,668
    All other assets $23,353

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $913,384
    Total Liabilities $837,059
    Total deposits $832,944
    Interest-bearing deposits $592,405
    Deposits held in domestic offices $832,944
    % insured (estimated) $65
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $849
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,266

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $629,260
    Loan and leases loss allowance $9,282
    Total loans and leases (domestic) $638,542
    All real estate loans $480,555
    Real estate loans in domestic offices $480,555
    Construction and development loans $48,816
    Residential 1-4 family construction $2,552
    Other construction, all land development and other land $46,264
    Loans secured by nonfarm nonresidential properties $244,810
    Nonfarm nonresidential secured by owner-occupied properties $107,709
    Commercial real estate & other non-farm, non-residential $137,101
    Multifamily residential real estate $33,336
    1-4 family residential loans $102,152
    Farmland loans $51,441
    Loans held in foreign offices $0
    Farm loans $14,691
    Commercial and industrial loans $129,213
    To non-U.S. addressees $0
    Loans to individuals $10,783
    Credit card loans $0
    Related Plans $46
    Consumer Auto Loans $6,667
    Other loans to individuals $4,070
    All other loans & leases $3,300
    Loans to foreign governments and official institutions $0
    Other loans $67
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $833
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $10,702
    Non 1-4 family restructured loans & leases $8,518
    Total loans and leases (foreign) $0

    Northstar Bank had $629,260,000 of loans outstanding in 2021. $480,555,000 of loans were in real estate loans. $48,816,000 of loans were in development loans. $33,336,000 of loans were in multifamily mortgage loans. $102,152,000 of loans were in 1-4 family mortgage loans. $14,691,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,667,000 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 312 $66,547 $213,292
    Nonfarm, nonresidential loans - <$100k 76 $2,883 $37,934
    Nonfarm, nonresidential loans - $100-250k 86 $9,598 $111,605
    Nonfarm, nonresidential loans - $250k-1MM 150 $54,066 $360,440
    Commercial & Industrial, US addressed loans - <$1MM 271 $22,242 $82,074
    Commercial & Industrial, US addressed loans - <$100k 157 $3,378 $21,516
    Commercial & Industrial, US addressed loans - $100-250k 53 $4,926 $92,943
    Commercial & Industrial, US addressed loans - $250k-1MM 61 $13,938 $228,492
    Farmland loans - <$1MM 154 $18,033 $117,097
    Farmland loans - <$100k 45 $1,702 $37,822
    Farmland loans - $100-250k 66 $7,742 $117,303
    Farmland loans - $250k-1MM 43 $8,589 $199,744
    Agriculture operations loans - <$1MM 101 $5,267 $52,149
    Agriculture operations loans - <$100k 65 $1,362 $20,954
    Agriculture operations loans - $100-250k 26 $2,191 $84,269
    Agriculture operations loans - $250k-1MM 10 $1,714 $171,400