Newfield National Bank Mortgage Rates, Fees & Info

Newfield, NJ

LEI: 549300DSSN04C7ZJJD51

Tax ID: 21-0451020

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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

    Newfield National Bank is a smaller bank specializing in Refi and Home Purchase loans. Newfield National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Vineland, Atlantic City, Ocean City, and Salisbury among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Newfield National Bank has an 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

    133

    Origination Dollar Volume (All Markets)

    $25,465,000

    Employee count

    163

    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
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 68 $15,210,000 $223,676 $0 0.00%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 44 $4,440,000 $100,909 $0 0.00%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 13 $2,895,000 $222,692 $0 0.00%
    OCEAN CITY, NJ (FHA|USDA|VA) 5 $1,685,000 $337,000 $0 0.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $965,000 $965,000 $0 0.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    Outside of Metro Areas 1 $75,000 $75,000 $0 0.00%
    Newfield National Bank's top markets include Philadelphia, Vineland, Atlantic City, Ocean City, and Salisbury among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 133 $25,465,000 $191,466 $0 0.00%

    For 2019, Newfield National Bank's most frequently originated type of loan was Conventional, with 133 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 54 $13,050,000 $241,667 $0 0.00%
    Home Purchase 37 $8,815,000 $238,243 $0 0.00%
    Home Improvement 31 $3,005,000 $96,935 $0 0.00%
    Other 11 $595,000 $54,091 $0 0.00%

    For 2019, Newfield National Bank's most frequently cited loan purpose was Refi, with 54 originations. The 2nd most popular reason was Home Purchase, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 133 $25,465,000 $191,466 $0 0.00%

    For 2019, Newfield National Bank's most frequently cited loan duration was Other, with 133 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 64 $3,010,000 $47,031 $0 0.00%
    $100k-200k 40 $5,840,000 $146,000 $0 0.00%
    $200k-400k 20 $5,640,000 $282,000 $0 0.00%
    $400k-600k 4 $1,820,000 $455,000 $0 0.00%
    $600k-1MM 3 $2,205,000 $735,000 $0 0.00%
    $1MM+ 2 $6,950,000 $3,475,000 $0 0.00%

    2019 saw Newfield National Bank place emphasis on $100,000 or less loans with 64 originations, totaling $3,010,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 29 $1,645,000 $56,724 $0 0.00%
    $100k-150k 26 $3,510,000 $135,000 $0 0.00%
    $150k-250k 17 $3,785,000 $222,647 $0 0.00%
    $250k+ 12 $3,770,000 $314,167 $0 0.00%
    $50k or less 12 $590,000 $49,167 $0 0.00%
    $75k-100k 12 $1,120,000 $93,333 $0 0.00%

    Newfield National Bank lent most frequently to those with incomes in the $50k-75k range, with 29 originations. The second most popular income band? $100k-150k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 133 $25,465,000 $191,466 $0 0.00%

    Newfield National Bank lent most frequently to those with DTI ratios of Exempt%, with 133 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 107 $14,065,000 $131,449 $0 0.00%
    Not applicable 21 $10,745,000 $511,667 $0 0.00%
    Asian 2 $400,000 $200,000 $0 0.00%
    Black 3 $255,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.95%

    Newfield National Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    84.96%

    Newfield National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 133 $25,465,000 $191,466

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $6,565,000 $2,188,333
    Single Family (1-4 Units):Manufactured 1 $75,000 $75,000
    Single Family (1-4 Units):Site-Built 129 $18,825,000 $145,930

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Newfield National Bank 1771 S. Lincoln Avenue Vineland, NJ 8361 Full Service B&M $61,197
    Newfield National Bank 18-24 West Boulevard Newfield, NJ 8344 Full Service B&M $140,869
    Newfield National Bank 219 Delsea Dr Malaga, NJ 8328 Full Service B&M $44,428
    Newfield National Bank 273 Fish Pond Road Sewell, NJ 8080 Full Service B&M $7,818
    Newfield National Bank 302 South Main Street Williamstown, NJ 8094 Full Service B&M $72,926
    Newfield National Bank 51 N Woodbury Rd Pitman, NJ 8071 Full Service B&M $18,459
    Newfield National Bank 552 East Landis Avenue Vineland, NJ 8360 Full Service B&M $40,189
    Newfield National Bank 720 Shiloh Pike Bridgeton, NJ 8302 Full Service B&M $59,156
    Newfield National Bank Delsea Drive And Little Mill Road Franklinville, NJ 8322 Full Service B&M $34,851
    Newfield National Bank North Main Road And Kay Terrace Vineland, NJ 8360 Full Service B&M $93,538
    Newfield National Bank Stanton And Tuckahoe Roads Star Cross, NJ 8322 Full Service B&M $23,458

    For 2019, Newfield National Bank had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $24,605
    Net interest income $21,962
    Total noninterest income $2,354
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $591
    Trading account gains and fees $0
    Additional Noninterest Income $1,763
    Pre-tax net operating income $4,869
    Securities gains (or losses, -) $24
    Income before extraordinary items $4,883
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,883
    Minority interest net income $0
    Net income $4,883
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,859

    Newfield National Bank's gross interest income from loans was $24,605,000.
    Newfield National Bank's net interest income from loans was $21,962,000.
    Newfield National Bank's fee based income from loans was $591,000.
    Newfield National Bank's net income from loans was $4,883,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,643
    Provision for credit losses $1,425
    Total noninterest expense $18,022
    Salaries and employee benefits $10,936
    Premises and equipment expense $2,946
    Additional noninterest expense $4,140
    Applicable income taxes $10
    Net charge-offs $1,012
    Cash dividends $1,337

    Newfield National Bank's interest expense for loans was $2,643,000.
    Newfield National Bank's payroll and benefits expense were $10,936,000.
    Newfield National Bank's property, plant and equipment expenses $2,946,000.

    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 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 $631,980
    Deposits held in domestic offices $631,980
    Deposits by Individuals, partnerships, and corporations $514,775
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $117,205
    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 $62,628
    Demand deposits $37,050
    Nontransaction accounts $569,352
    Money market deposit accounts (MMDAs) $12,122
    Other savings deposits (excluding MMDAs) $492,579
    Total time deposits $64,652
    Total time and savings deposits $594,930
    Noninterest-bearing deposits $37,050
    Interest-bearing deposits $594,930
    Retail deposits $621,149
    IRAs and Keogh plan accounts $17,743
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $701,013
    Cash & Balances due from depository institutions $47,208
    Interest-bearing balances $36,088
    Total securities $172,966
    Federal funds sold & reverse repurchase $26,993
    Net loans and leases $427,150
    Loan and leases loss allowance $5,497
    Trading account assets $0
    Bank premises and fixed assets $6,481
    Other real estate owned $1,616
    Goodwill and other intangibles $138
    All other assets $18,461

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $701,013
    Total Liabilities $633,707
    Total deposits $631,980
    Interest-bearing deposits $594,930
    Deposits held in domestic offices $631,980
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1
    Subordinated debt $0
    All other liabilities $1,726

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $427,150
    Loan and leases loss allowance $5,497
    Total loans and leases (domestic) $432,647
    All real estate loans $375,623
    Real estate loans in domestic offices $375,623
    Construction and development loans $21,969
    Residential 1-4 family construction $14,741
    Other construction, all land development and other land $7,228
    Loans secured by nonfarm nonresidential properties $187,052
    Nonfarm nonresidential secured by owner-occupied properties $139,612
    Commercial real estate & other non-farm, non-residential $47,440
    Multifamily residential real estate $12,542
    1-4 family residential loans $152,432
    Farmland loans $1,628
    Loans held in foreign offices $0
    Farm loans $428
    Commercial and industrial loans $51,002
    To non-U.S. addressees $0
    Loans to individuals $1,649
    Credit card loans $12
    Related Plans $23
    Consumer Auto Loans $370
    Other loans to individuals $1,244
    All other loans & leases $3,944
    Loans to foreign governments and official institutions $0
    Other loans $802
    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 $851
    Non 1-4 family restructured loans & leases $758
    Total loans and leases (foreign) $0

    Newfield National Bank had $427,150,000 of loans outstanding in 2019. $375,623,000 of loans were in real estate loans. $21,969,000 of loans were in development loans. $12,542,000 of loans were in multifamily mortgage loans. $152,432,000 of loans were in 1-4 family mortgage loans. $428,000 of loans were in farm loans. $12,000 of loans were in credit card loans. $370,000 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 415 $95,387 $229,848
    Nonfarm, nonresidential loans - <$100k 77 $3,437 $44,636
    Nonfarm, nonresidential loans - $100-250k 143 $18,048 $126,210
    Nonfarm, nonresidential loans - $250k-1MM 195 $73,902 $378,985
    Commercial & Industrial, US addressed loans - <$1MM 456 $38,129 $83,616
    Commercial & Industrial, US addressed loans - <$100k 248 $6,581 $26,536
    Commercial & Industrial, US addressed loans - $100-250k 149 $11,577 $77,698
    Commercial & Industrial, US addressed loans - $250k-1MM 59 $19,971 $338,492
    Farmland loans - <$1MM 4 $933 $233,250
    Farmland loans - <$100k 1 $33 $33,000
    Farmland loans - $100-250k 1 $160 $160,000
    Farmland loans - $250k-1MM 2 $740 $370,000
    Agriculture operations loans - <$1MM 1 $25 $25,000
    Agriculture operations loans - <$100k 1 $25 $25,000