Northfield Bank Mortgage Rates, Fees & Info

New York, NY

LEI: 549300BN4MNW5KE16X83

Tax ID: 13-5578494

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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, Allentown, Harrisburg, and Trenton among others. We have data for 16 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 a below average pick rate when compared to similar lenders.

    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.

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    Originations

    777

    Origination Dollar Volume (All Markets)

    $841,095,000

    Employee count

    385

    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) 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.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 777 $841,095,000 $1,082,490 $0 0.00%

    For 2021, Northfield Bank's most frequently originated type of loan was Conventional, with 777 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Northfield Bank's most frequently cited loan purpose was Refi, with 322 originations. The 2nd most popular reason was 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 2021, Northfield Bank's most frequently cited loan duration was 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
    60.81%

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

    Pick Rate

    Approvals leading to origination
    87.77%

    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 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
    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 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 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 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

    For 2021, Northfield Bank had 38 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $172,297
    Net interest income $154,954
    Total noninterest income $12,959
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,849
    Trading account gains and fees $1,705
    Additional Noninterest Income $8,405
    Pre-tax net operating income $95,769
    Securities gains (or losses, -) $1,495
    Income before extraordinary items $70,956
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $70,956
    Minority interest net income $0
    Net income $70,956
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $69,774

    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.

    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 1.0%
    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 $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