Northfield Bank Mortgage Rates, Fees & Info

New York, NY

LEI: 549300BN4MNW5KE16X83

Tax ID: 13-5578494

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Mortgage Data

Bank Data

Review & Overview

Northfield Bank is a smaller bank specializing in Refi loans. Northfield Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Philadelphia, Harrisburg, Allentown, and York among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

Northfield Bank has a below average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

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Originations

481

Origination Dollar Volume (All Markets)

$446,985,000

Employee count

358

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
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 380 $292,970,000 $770,974 $0 0.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 36 $82,280,000 $2,285,556 $0 0.00%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $23,245,000 $7,748,333 $0 0.00%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 6 $14,230,000 $2,371,667 $0 0.00%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $12,005,000 $12,005,000 $0 0.00%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $6,405,000 $6,405,000 $0 0.00%
LEBANON, PA (FHA|USDA|VA) 1 $5,705,000 $5,705,000 $0 0.00%
READING, PA (FHA|USDA|VA) 1 $5,005,000 $5,005,000 $0 0.00%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 47 $4,585,000 $97,553 $0 0.00%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $180,000 $90,000 $0 0.00%
Outside of Metro Areas 1 $105,000 $105,000 $0 0.00%
JOHNSTOWN, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Northfield Bank's top markets include New York, Philadelphia, Harrisburg, Allentown, and York among others.

Their top states include:
  • New Jersey (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 481 $446,985,000 $929,283 $0 0.00%

    For 2018, Northfield Bank's most frequently originated type of loan was Conventional, with 481 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 228 $356,430,000 $1,563,289 $0 0.00%
    Home Improvement 128 $11,280,000 $88,125 $0 0.00%
    Other 75 $9,445,000 $125,933 $0 0.00%
    Home Purchase 50 $69,830,000 $1,396,600 $0 0.00%

    For 2018, Northfield Bank's most frequently cited loan purpose was Refi, with 228 originations. The 2nd most popular reason was Home Improvement, with 128 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 481 $446,985,000 $929,283 $0 0.00%

    For 2018, Northfield Bank's most frequently cited loan duration was Other, with 481 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 182 $10,330,000 $56,758 $0 0.00%
    $1MM+ 110 $385,470,000 $3,504,273 $0 0.00%
    $100k-200k 101 $13,355,000 $132,228 $0 0.00%
    $200k-400k 51 $12,555,000 $246,176 $0 0.00%
    $600k-1MM 24 $19,070,000 $794,583 $0 0.00%
    $400k-600k 13 $6,205,000 $477,308 $0 0.00%

    2018 saw Northfield Bank place emphasis on $100,000 or less loans with 182 originations, totaling $10,330,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 122 $13,860,000 $113,607 $0 0.00%
    $100k-150k 83 $8,145,000 $98,133 $0 0.00%
    $250k+ 48 $9,440,000 $196,667 $0 0.00%
    $75k-100k 40 $3,080,000 $77,000 $0 0.00%
    $50k-75k 27 $2,025,000 $75,000 $0 0.00%
    $50k or less 10 $770,000 $77,000 $0 0.00%

    Northfield Bank lent most frequently to those with incomes in the $150k-250k range, with 122 originations. The second most popular income band? $100k-150k, with 83 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 481 $446,985,000 $929,283 $0 0.00%

    Northfield Bank lent most frequently to those with DTI ratios of Exempt%, with 481 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 150 $409,180,000 $2,727,867 $0 0.00%
    White 251 $26,855,000 $106,992 $0 0.00%
    Not provided 41 $4,845,000 $118,171 $0 0.00%
    Asian 18 $3,380,000 $187,778 $0 0.00%
    Black 7 $1,035,000 $147,857 $0 0.00%
    Chinese 5 $765,000 $153,000 $0 0.00%
    Asian Indian 5 $725,000 $145,000 $0 0.00%
    Filipino 1 $105,000 $105,000 $0 0.00%
    Korean 2 $50,000 $25,000 $0 0.00%
    American Indian 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    64.98%

    Northfield Bank has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    90.44%

    Northfield Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 481 $446,985,000 $929,283

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 123 $391,425,000 $3,182,317
    Single Family (1-4 Units):Site-Built 358 $55,560,000 $155,196

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Northfield Bank 1080 Olde York Road Ringoes, NJ 8551 Full Service B&M $57,436
    Northfield Bank 11 State Road Princeton, NJ 8540 Full Service B&M $29,273
    Northfield Bank 1123 Kings Highway Brooklyn, NY 11229 Full Service B&M $37,207
    Northfield Bank 1158 Hylan Blvd Staten Island, NY 10305 Full Service B&M $49,859
    Northfield Bank 1305 Morris Avenue Union, NJ 7083 Full Service B&M $55,516
    Northfield Bank 1410 St Georges Avenue Avenel, NJ 7001 Full Service B&M $83,867
    Northfield Bank 1481 Forest Avenue Staten Island, NY 10302 Full Service B&M $204,241
    Northfield Bank 1497 Richmond Avenue Staten Island, NY 10314 Full Service B&M $50,705
    Northfield Bank 150 Greaves Lane Staten Island, NY 10308 Full Service B&M $18,373
    Northfield Bank 1501 86th Street Brooklyn, NY 11228 Full Service B&M $33,380
    Northfield Bank 1515 Irving St Rahway, NJ 7065 Full Service B&M $55,731
    Northfield Bank 1600 Perrinville Road Monroe, NJ 8831 Full Service B&M $68,344
    Northfield Bank 1731 Victory Boulevard Staten Island, NY 10314 Full Service B&M $412,188
    Northfield Bank 180 Scotch Road Ewing, NJ 8628 Full Service B&M $28,821
    Northfield Bank 24 Hillel Place Brooklyn, NY 11210 Full Service B&M $44,515
    Northfield Bank 247 Avenue U Brooklyn, NY 11223 Full Service B&M $46,806
    Northfield Bank 2706 Hylan Blvd Staten Island, NY 10306 Full Service B&M $145,188
    Northfield Bank 280 Route 31 Hopewell, NJ 8525 Full Service B&M $38,558
    Northfield Bank 283 Kings Hwy Brooklyn, NY 11223 Full Service B&M $24,074
    Northfield Bank 3227 Richmond Ave Staten Island, NY 10312 Full Service B&M $200,021
    Northfield Bank 336 Ryders Lane Milltown, NJ 8850 Full Service B&M $100,001
    Northfield Bank 353 Pittstown Road Pittstown, NJ 8867 Full Service B&M $34,111
    Northfield Bank 3800 Quakerbridge Road Hamilton, NJ 8619 Full Service B&M $77,042
    Northfield Bank 385 Bay Street Staten Island, NY 10301 Full Service B&M $30,220
    Northfield Bank 4 Route 31 South Pennington, NJ 8534 Full Service B&M $122,803
    Northfield Bank 4355 Amboy Road Staten Island, NY 10312 Full Service B&M $90,738
    Northfield Bank 4602 13th Ave Brooklyn, NY 11219 Full Service B&M $40,269
    Northfield Bank 501 North Wood Avenue Linden, NJ 7036 Full Service B&M $99,290
    Northfield Bank 518 Brighton Beach Avenue New York City, NY 11235 Full Service B&M $24,709
    Northfield Bank 519 Forest Ave Staten Island, NY 10310 Full Service B&M $62,389
    Northfield Bank 56 Main Street Flemington, NJ 8822 Full Service B&M $39,193
    Northfield Bank 5775 Amboy Road Staten Island, NY 10309 Full Service B&M $93,553
    Northfield Bank 624 Main Street Woodbridge, NJ 7095 Full Service B&M $103,629
    Northfield Bank 6410 18th Avenue Brooklyn, NY 11204 Full Service B&M $24,335
    Northfield Bank 6420 Amboy Road Staten Island, NY 10309 Full Service B&M $98,928
    Northfield Bank 755 State Highway 18 East Brunswick, NJ 8816 Full Service B&M $75,946
    Northfield Bank 802 Denow Road Pennington, NJ 8534 Full Service B&M $46,840
    Northfield Bank 828 South Avenue W Westfield, NJ 7090 Full Service B&M $58,795
    Northfield Bank 8512 Third Avenue Brooklyn, NY 11209 Full Service B&M $94,736

    For 2018, Northfield Bank had 39 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $147,292
    Net interest income $110,123
    Total noninterest income $7,956
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,987
    Trading account gains and fees $-873
    Additional Noninterest Income $5,842
    Pre-tax net operating income $49,311
    Securities gains (or losses, -) $177
    Income before extraordinary items $40,092
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $40,092
    Minority interest net income $0
    Net income $40,092
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $39,948

    Northfield Bank's gross interest income from loans was $147,292,000.
    Northfield Bank's net interest income from loans was $110,123,000.
    Northfield Bank's fee based income from loans was $2,987,000.
    Northfield Bank's net income from loans was $40,092,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $37,169
    Provision for credit losses $2,615
    Total noninterest expense $66,153
    Salaries and employee benefits $34,214
    Premises and equipment expense $13,468
    Additional noninterest expense $18,471
    Applicable income taxes $9,396
    Net charge-offs $1,278
    Cash dividends $16,493

    Northfield Bank's interest expense for loans was $37,169,000.
    Northfield Bank's payroll and benefits expense were $34,214,000.
    Northfield Bank's property, plant and equipment expenses $13,468,000.

    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 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 4.0%
    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 $3,326,853
    Deposits held in domestic offices $3,326,853
    Deposits by Individuals, partnerships, and corporations $2,986,279
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $340,574
    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 $249,362
    Demand deposits $133,864
    Nontransaction accounts $3,077,491
    Money market deposit accounts (MMDAs) $1,370,954
    Other savings deposits (excluding MMDAs) $609,642
    Total time deposits $1,096,895
    Total time and savings deposits $3,192,989
    Noninterest-bearing deposits $416,460
    Interest-bearing deposits $2,910,393
    Retail deposits $2,926,914
    IRAs and Keogh plan accounts $93,387
    Brokered deposits $275,398
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $4,409,433
    Cash & Balances due from depository institutions $77,741
    Interest-bearing balances $62,594
    Total securities $817,773
    Federal funds sold & reverse repurchase $0
    Net loans and leases $3,217,673
    Loan and leases loss allowance $27,497
    Trading account assets $8,925
    Bank premises and fixed assets $25,605
    Other real estate owned $0
    Goodwill and other intangibles $39,564
    All other assets $222,152

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $4,409,433
    Total Liabilities $3,786,212
    Total deposits $3,326,853
    Interest-bearing deposits $2,910,393
    Deposits held in domestic offices $3,326,853
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $431,853
    Subordinated debt $0
    All other liabilities $27,506

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $3,217,673
    Loan and leases loss allowance $27,497
    Total loans and leases (domestic) $3,245,170
    All real estate loans $3,177,546
    Real estate loans in domestic offices $3,177,546
    Construction and development loans $38,616
    Residential 1-4 family construction $16,347
    Other construction, all land development and other land $22,269
    Loans secured by nonfarm nonresidential properties $638,595
    Nonfarm nonresidential secured by owner-occupied properties $179,971
    Commercial real estate & other non-farm, non-residential $458,624
    Multifamily residential real estate $2,079,431
    1-4 family residential loans $420,904
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $66,098
    To non-U.S. addressees $0
    Loans to individuals $1,526
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $1,526
    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 $14,760
    Non 1-4 family restructured loans & leases $12,775
    Total loans and leases (foreign) $0

    Northfield Bank had $3,217,673,000 of loans outstanding in 2018. $3,177,546,000 of loans were in real estate loans. $38,616,000 of loans were in development loans. $2,079,431,000 of loans were in multifamily mortgage loans. $420,904,000 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 368 $106,351 $288,997
    Nonfarm, nonresidential loans - <$100k 25 $850 $34,000
    Nonfarm, nonresidential loans - $100-250k 93 $10,715 $115,215
    Nonfarm, nonresidential loans - $250k-1MM 250 $94,786 $379,144
    Commercial & Industrial, US addressed loans - <$1MM 375 $36,156 $96,416
    Commercial & Industrial, US addressed loans - <$100k 197 $5,372 $27,269
    Commercial & Industrial, US addressed loans - $100-250k 88 $8,343 $94,807
    Commercial & Industrial, US addressed loans - $250k-1MM 90 $22,441 $249,344