Northfield Bank Mortgage Rates, Fees & Info
New York, NY
LEI: 549300BN4MNW5KE16X83
Tax ID: 13-5578494
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Mortgage Data
Bank Data
Overview
Northfield Bank is a
smaller
bank
specializing in
Refi
loans.
Northfield Bank has a high proportion of conventional loans.
Their top markets include New York, Philadelphia, Allentown, Harrisburg, and Trenton among others. Northfield Bank has
a below average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
Originations
777
Origination Dollar Volume (All Markets)
$841,095,000
Employee count
385
Top Markets
| Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
|
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA)
|
637
|
$549,925,000 |
$863,305 |
$0 |
0.00% |
|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA)
|
52
|
$163,440,000 |
$3,143,077 |
$0 |
0.00% |
|
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA)
|
9
|
$29,345,000 |
$3,260,556 |
$0 |
0.00% |
|
HARRISBURG-CARLISLE, PA (FHA|USDA|VA)
|
5
|
$29,325,000 |
$5,865,000 |
$0 |
0.00% |
|
TRENTON-PRINCETON, NJ (FHA|USDA|VA)
|
55
|
$15,885,000 |
$288,818 |
$0 |
0.00% |
|
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA)
|
1
|
$10,505,000 |
$10,505,000 |
$0 |
0.00% |
|
EAST STROUDSBURG, PA (FHA|USDA|VA)
|
2
|
$7,810,000 |
$3,905,000 |
$0 |
0.00% |
|
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA)
|
3
|
$7,665,000 |
$2,555,000 |
$0 |
0.00% |
|
LEBANON, PA (FHA|USDA|VA)
|
1
|
$6,705,000 |
$6,705,000 |
$0 |
0.00% |
|
LANCASTER, PA (FHA|USDA|VA)
|
2
|
$5,610,000 |
$2,805,000 |
$0 |
0.00% |
|
READING, PA (FHA|USDA|VA)
|
1
|
$4,505,000 |
$4,505,000 |
$0 |
0.00% |
|
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA)
|
3
|
$4,405,000 |
$1,468,333 |
$0 |
0.00% |
|
YORK-HANOVER, PA (FHA|USDA|VA)
|
1
|
$4,005,000 |
$4,005,000 |
$0 |
0.00% |
|
Pottsville, PA (FHA|USDA|VA)
|
1
|
$1,405,000 |
$1,405,000 |
$0 |
0.00% |
|
OCEAN CITY, NJ (FHA|USDA|VA)
|
3
|
$405,000 |
$135,000 |
$0 |
0.00% |
|
Outside of Metro Areas
|
1 |
$155,000 |
$155,000 |
$0 |
0.00% |
Northfield Bank's top markets include New York, Philadelphia, Allentown, Harrisburg, and Trenton among others.
Product Mix
| Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Conventional |
777 |
$841,095,000 |
$1,082,490 |
$0 |
0.00% |
For the 2021 period, Northfield Bank's most frequently
originated loan type
of loans were Conventional, with 777 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Refi |
322 |
$673,580,000 |
$2,091,863 |
$0 |
0.00% |
| Home Improvement |
259 |
$39,395,000 |
$152,104 |
$0 |
0.00% |
| Other |
128 |
$22,560,000 |
$176,250 |
$0 |
0.00% |
| Home Purchase |
68 |
$105,560,000 |
$1,552,353 |
$0 |
0.00% |
For the 2021, Northfield Bank's most frequently cited loan
purpose
of loans were Refi, with 322
originations.
The 2nd most popular reason of loans were Home Improvement,
with 259 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Other |
777 |
$841,095,000 |
$1,082,490 |
$0 |
0.00% |
For the 2021, Northfield Bank's most frequently cited loan
length
of loans were Other, with 777 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100,000 or less |
214 |
$11,860,000 |
$55,421 |
$0 |
0.00% |
| $1MM+ |
193 |
$733,165,000 |
$3,798,782 |
$0 |
0.00% |
| $100k-200k |
172 |
$22,720,000 |
$132,093 |
$0 |
0.00% |
| $200k-400k |
134 |
$34,570,000 |
$257,985 |
$0 |
0.00% |
| $600k-1MM |
33 |
$25,045,000 |
$758,939 |
$0 |
0.00% |
| $400k-600k |
31 |
$13,735,000 |
$443,065 |
$0 |
0.00% |
2021 saw Northfield Bank place emphasis on
$100,000 or less loans
with 214 originations, totaling
$11,860,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $150k-250k |
197 |
$35,575,000 |
$180,584 |
$0 |
0.00% |
| $100k-150k |
129 |
$17,345,000 |
$134,457 |
$0 |
0.00% |
| $250k+ |
107 |
$34,165,000 |
$319,299 |
$0 |
0.00% |
| $50k-75k |
60 |
$5,010,000 |
$83,500 |
$0 |
0.00% |
| $75k-100k |
53 |
$5,765,000 |
$108,774 |
$0 |
0.00% |
| $50k or less |
17 |
$1,325,000 |
$77,941 |
$0 |
0.00% |
Northfield Bank lent most frequently to those with incomes in the
$150k-250k range, with
197 originations.
The second most popular income band? $100k-150k,
with 129 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Exempt% |
777 |
$841,095,000 |
$1,082,490 |
$0 |
0.00% |
Northfield Bank lent most frequently to those with DTI ratios
of Exempt%, with
777 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Not applicable |
211 |
$737,265,000 |
$3,494,147 |
$0 |
0.00% |
| White |
403 |
$66,285,000 |
$164,479 |
$0 |
0.00% |
| Not provided |
74 |
$18,090,000 |
$244,459 |
$0 |
0.00% |
| Asian |
61 |
$13,735,000 |
$225,164 |
$0 |
0.00% |
| Asian Indian |
12 |
$2,380,000 |
$198,333 |
$0 |
0.00% |
| Chinese |
5 |
$1,845,000 |
$369,000 |
$0 |
0.00% |
| Black |
9 |
$755,000 |
$83,889 |
$0 |
0.00% |
| Other Asian |
2 |
$740,000 |
$370,000 |
$0 |
0.00% |
Approval Rates
Total approvals of all applications
62.96%
Northfield Bank has a low approval rate. They may have poor
market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination
88.35%
Northfield Bank has an average pick rate.
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| Exempt |
777 |
$841,095,000 |
$1,082,490 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
|
777 |
$841,095,000 |
$1,082,490 |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| Northfield Bank |
1065 Bay Street Staten Island, NY 10305 |
Full Service B&M
|
$104,789 |
| Northfield Bank |
112 Court St Brooklyn, NY 11201 |
Full Service B&M
|
$21,191 |
| Northfield Bank |
1123 Kings Highway Brooklyn, NY 11229 |
Full Service B&M
|
$58,880 |
| Northfield Bank |
1158 Hylan Blvd Staten Island, NY 10305 |
Full Service B&M
|
$110,954 |
| Northfield Bank |
1305 Morris Avenue Union, NJ 7083 |
Full Service B&M
|
$89,492 |
| Northfield Bank |
1410 St Georges Avenue Avenel, NJ 7001 |
Full Service B&M
|
$109,479 |
| Northfield Bank |
1481 Forest Avenue Staten Island, NY 10302 |
Full Service B&M
|
$231,693 |
| Northfield Bank |
1497 Richmond Avenue Staten Island, NY 10314 |
Full Service B&M
|
$87,214 |
| Northfield Bank |
150 Greaves Lane Staten Island, NY 10308 |
Full Service B&M
|
$140,541 |
| Northfield Bank |
1501 86th Street Brooklyn, NY 11228 |
Full Service B&M
|
$65,487 |
| Northfield Bank |
1515 Irving St Rahway, NJ 7065 |
Full Service B&M
|
$84,962 |
| Northfield Bank |
1600 Perrinville Road Monroe, NJ 8831 |
Full Service B&M
|
$80,471 |
| Northfield Bank |
4602 13th Ave Brooklyn, NY 11219 |
Full Service B&M
|
$92,684 |
| Northfield Bank |
501 North Wood Avenue Linden, NJ 7036 |
Full Service B&M
|
$120,296 |
| Northfield Bank |
519 Forest Ave Staten Island, NY 10310 |
Full Service B&M
|
$166,300 |
| Northfield Bank |
56 Main Street Flemington, NJ 8822 |
Full Service B&M
|
$56,560 |
| Northfield Bank |
5775 Amboy Road Staten Island, NY 10309 |
Full Service B&M
|
$107,331 |
| Northfield Bank |
624 Main Street Woodbridge, NJ 7095 |
Full Service B&M
|
$170,961 |
| Northfield Bank |
6410 18th Avenue Brooklyn, NY 11204 |
Full Service B&M
|
$30,062 |
| Northfield Bank |
6420 Amboy Road Staten Island, NY 10309 |
Full Service B&M
|
$149,871 |
| Northfield Bank |
755 State Highway 18 East Brunswick, NJ 8816 |
Full Service B&M
|
$303,443 |
| Northfield Bank |
802 Denow Road Pennington, NJ 8534 |
Full Service B&M
|
$97,804 |
| Northfield Bank |
828 South Avenue W Westfield, NJ 7090 |
Full Service B&M
|
$56,888 |
| Northfield Bank |
1731 Victory Blvd Staten Island, NY 10314 |
Full Service B&M
|
$442,544 |
| Northfield Bank |
2055 Victory Boulevard Staten Island, NY 10314 |
Full Service B&M
|
$14,058 |
| Northfield Bank |
24 Hillel Place Brooklyn, NY 11210 |
Full Service B&M
|
$50,523 |
| Northfield Bank |
247 Avenue U Brooklyn, NY 11223 |
Full Service B&M
|
$69,420 |
| Northfield Bank |
2706 Hylan Blvd Staten Island, NY 10306 |
Full Service B&M
|
$161,094 |
| Northfield Bank |
280 Route 31 Hopewell, NJ 8525 |
Full Service B&M
|
$50,003 |
| Northfield Bank |
3227 Richmond Ave Staten Island, NY 10312 |
Full Service B&M
|
$233,577 |
| Northfield Bank |
353 Pittstown Road Pittstown, NJ 8867 |
Full Service B&M
|
$63,106 |
| Northfield Bank |
3800 Quakerbridge Road Hamilton, NJ 8619 |
Full Service B&M
|
$101,737 |
| Northfield Bank |
4 Route 31 South Pennington, NJ 8534 |
Full Service B&M
|
$128,374 |
| Northfield Bank |
4142 Hylan Boulevard Staten Island, NY 10308 |
Full Service B&M
|
$108,417 |
| Northfield Bank |
8512 Third Avenue Brooklyn, NY 11209 |
Full Service B&M
|
$75,776 |
| Northfield Bank |
One Hyatt Street Staten Island, NY 10301 |
Full Service B&M
|
$47,523 |
| Northfield Bank |
1080 Olde York Road Ringoes, NJ 8551 |
Full Service B&M
|
$67,431 |
| Northfield Bank |
11 State Road Princeton, NJ 8540 |
Full Service B&M
|
$35,989 |
For 2021, Northfield Bank had 38 branches.
Yearly Performance Overview
Bank Income
Northfield Bank's gross interest income from loans was $172,297,000.
Northfield Bank's net interest income from loans was $154,954,000.
Northfield Bank's fee based income from loans was $2,849,000.
Northfield Bank's net income from loans was $70,956,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$17,343 |
| Provision for credit losses |
$-6,184 |
| Total noninterest expense |
$78,328 |
| Salaries and employee benefits |
$43,106 |
| Premises and equipment expense |
$15,944 |
| Additional noninterest expense |
$19,278 |
| Applicable income taxes |
$26,308 |
| Net charge-offs |
$2,803 |
| Cash dividends |
$69,916 |
Northfield Bank's interest expense for loans was $17,343,000.
Northfield Bank's payroll and benefits expense were $43,106,000.
Northfield Bank's property, plant and equipment expenses $15,944,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$4,209,180 |
| Deposits held in domestic offices |
$4,209,180 |
| Deposits by Individuals, partnerships, and corporations |
$3,573,390 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$635,790 |
| 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 |
$520,660 |
| Demand deposits |
$306,234 |
| Nontransaction accounts |
$3,688,520 |
| Money market deposit accounts (MMDAs) |
$2,124,076 |
| Other savings deposits (excluding MMDAs) |
$1,182,083 |
| Total time deposits |
$382,361 |
| Total time and savings deposits |
$3,902,946 |
| Noninterest-bearing deposits |
$912,850 |
| Interest-bearing deposits |
$3,296,330 |
| Retail deposits |
$4,113,399 |
| IRAs and Keogh plan accounts |
$72,945 |
| Brokered deposits |
$31,000 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$5,435,707 |
| Cash & Balances due from depository institutions |
$91,068 |
| Interest-bearing balances |
$72,877 |
| Total securities |
$1,213,848 |
| Federal funds sold & reverse repurchase |
$0 |
| Net loans and leases |
$3,767,644 |
| Loan and leases loss allowance |
$38,973 |
| Trading account assets |
$14,328 |
| Bank premises and fixed assets |
$59,879 |
| Other real estate owned |
$100 |
| Goodwill and other intangibles |
$41,533 |
| All other assets |
$247,307 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$5,435,707 |
| Total Liabilities |
$4,732,562 |
| Total deposits |
$4,209,180 |
| Interest-bearing deposits |
$3,296,330 |
| Deposits held in domestic offices |
$4,209,180 |
| % insured (estimated) |
$61 |
| Federal funds purchased and repurchase agreements |
$50,000 |
| Trading liabilities |
$925 |
| Other borrowed funds |
$430,890 |
| Subordinated debt |
$0 |
| All other liabilities |
$41,567 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$3,767,644 |
| Loan and leases loss allowance |
$38,973 |
| Total loans and leases (domestic) |
$3,806,617 |
| All real estate loans |
$3,656,034 |
| Real estate loans in domestic offices |
$3,656,034 |
| Construction and development loans |
$27,941 |
| Residential 1-4 family construction |
$7,356 |
| Other construction, all land development and other land |
$20,585 |
| Loans secured by nonfarm nonresidential properties |
$812,502 |
| Nonfarm nonresidential secured by owner-occupied properties |
$256,037 |
| Commercial real estate & other non-farm, non-residential |
$556,465 |
| Multifamily residential real estate |
$2,518,064 |
| 1-4 family residential loans |
$297,527 |
| Farmland loans |
$0 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$0 |
| Commercial and industrial loans |
$148,567 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$2,016 |
| Credit card loans |
$0 |
| Related Plans |
$0 |
| Consumer Auto Loans |
$0 |
| Other loans to individuals |
$2,016 |
| All other loans & leases |
$0 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$0 |
| 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 |
$5,673 |
| Non 1-4 family restructured loans & leases |
$4,073 |
| Total loans and leases (foreign) |
$0 |
Northfield Bank had $3,767,644,000 of loans outstanding in 2021. $3,656,034,000 of loans were in real estate loans.
$27,941,000 of loans were in development loans. $2,518,064,000 of loans were in multifamily mortgage loans.
$297,527,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0
of loans were in credit card loans. $0 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 |
392 |
$121,006 |
$308,689 |
| Nonfarm, nonresidential loans - <$100k |
14 |
$630 |
$45,000 |
| Nonfarm, nonresidential loans - $100-250k |
98 |
$12,196 |
$124,449 |
| Nonfarm, nonresidential loans - $250k-1MM |
280 |
$108,180 |
$386,357 |
| Commercial & Industrial, US addressed loans - <$1MM |
655 |
$58,882 |
$89,896 |
| Commercial & Industrial, US addressed loans - <$100k |
306 |
$9,931 |
$32,454 |
| Commercial & Industrial, US addressed loans - $100-250k |
257 |
$25,725 |
$100,097 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
92 |
$23,226 |
$252,457 |
