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, Atlantic City, Vineland, Ocean City, and New York among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Newfield National Bank has an above 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

    162

    Origination Dollar Volume (All Markets)

    $33,720,000

    Employee count

    134

    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) 88 $16,240,000 $184,545 $0 0.00%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 24 $6,870,000 $286,250 $0 0.00%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 39 $4,445,000 $113,974 $0 0.00%
    OCEAN CITY, NJ (FHA|USDA|VA) 8 $4,240,000 $530,000 $0 0.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $1,400,000 $700,000 $0 0.00%
    Sayre, PA (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
    Newfield National Bank's top markets include Philadelphia, Atlantic City, Vineland, Ocean City, and New York among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 162 $33,720,000 $208,148 $0 0.00%

    For 2021, Newfield National Bank's most frequently originated type of loan was Conventional, with 162 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 59 $10,865,000 $184,153 $0 0.00%
    Home Purchase 52 $16,230,000 $312,115 $0 0.00%
    Home Improvement 20 $1,350,000 $67,500 $0 0.00%
    Cash Out Refi 20 $4,600,000 $230,000 $0 0.00%
    Other 11 $675,000 $61,364 $0 0.00%

    For 2021, Newfield National Bank's most frequently cited loan purpose was Refi, with 59 originations. The 2nd most popular reason was Home Purchase, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 162 $33,720,000 $208,148 $0 0.00%

    For 2021, Newfield National Bank's most frequently cited loan duration was Other, with 162 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 52 $7,560,000 $145,385 $0 0.00%
    $100,000 or less 50 $2,410,000 $48,200 $0 0.00%
    $200k-400k 42 $11,310,000 $269,286 $0 0.00%
    $400k-600k 10 $4,960,000 $496,000 $0 0.00%
    $600k-1MM 5 $4,055,000 $811,000 $0 0.00%
    $1MM+ 3 $3,425,000 $1,141,667 $0 0.00%

    2021 saw Newfield National Bank place emphasis on $100k-200k loans with 52 originations, totaling $7,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 34 $5,780,000 $170,000 $0 0.00%
    $150k-250k 24 $6,400,000 $266,667 $0 0.00%
    $50k-75k 21 $2,065,000 $98,333 $0 0.00%
    $250k+ 16 $5,610,000 $350,625 $0 0.00%
    $75k-100k 15 $1,395,000 $93,000 $0 0.00%
    $50k or less 11 $685,000 $62,273 $0 0.00%

    Newfield National Bank lent most frequently to those with incomes in the $100k-150k range, with 34 originations. The second most popular income band? $150k-250k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 162 $33,720,000 $208,148 $0 0.00%

    Newfield National Bank lent most frequently to those with DTI ratios of Exempt%, with 162 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 125 $22,485,000 $179,880 $0 0.00%
    Not applicable 36 $10,700,000 $297,222 $0 0.00%
    Asian 1 $535,000 $535,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.09%

    Newfield National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.33%

    Newfield National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 162 $33,720,000 $208,148

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    162 $33,720,000 $208,148

    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 $117,062
    Newfield National Bank 18-24 West Boulevard Newfield, NJ 8344 Full Service B&M $155,783
    Newfield National Bank 219 Delsea Dr Malaga, NJ 8328 Full Service B&M $63,473
    Newfield National Bank 273 Fish Pond Road Sewell, NJ 8080 Full Service B&M $13,235
    Newfield National Bank 302 South Main Street Williamstown, NJ 8094 Full Service B&M $85,642
    Newfield National Bank 51 N Woodbury Rd Pitman, NJ 8071 Full Service B&M $37,503
    Newfield National Bank 552 East Landis Avenue Vineland, NJ 8360 Full Service B&M $32,647
    Newfield National Bank 720 Shiloh Pike Bridgeton, NJ 8302 Full Service B&M $69,823
    Newfield National Bank Delsea Drive And Little Mill Road Franklinville, NJ 8322 Full Service B&M $55,739
    Newfield National Bank North Main Road And Kay Terrace Vineland, NJ 8360 Full Service B&M $136,158
    Newfield National Bank Stanton And Tuckahoe Roads Star Cross, NJ 8322 Full Service B&M $35,830

    For 2021, Newfield National Bank had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $23,419
    Net interest income $21,731
    Total noninterest income $2,703
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $346
    Trading account gains and fees $0
    Additional Noninterest Income $2,357
    Pre-tax net operating income $5,780
    Securities gains (or losses, -) $107
    Income before extraordinary items $4,993
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,993
    Minority interest net income $0
    Net income $4,993
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,902

    Newfield National Bank's gross interest income from loans was $23,419,000.
    Newfield National Bank's net interest income from loans was $21,731,000.
    Newfield National Bank's fee based income from loans was $346,000.
    Newfield National Bank's net income from loans was $4,993,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,688
    Provision for credit losses $400
    Total noninterest expense $18,254
    Salaries and employee benefits $10,803
    Premises and equipment expense $3,192
    Additional noninterest expense $4,259
    Applicable income taxes $894
    Net charge-offs $15
    Cash dividends $1,397

    Newfield National Bank's interest expense for loans was $1,688,000.
    Newfield National Bank's payroll and benefits expense were $10,803,000.
    Newfield National Bank's property, plant and equipment expenses $3,192,000.

    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 2.0%
    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 $885,021
    Deposits held in domestic offices $885,021
    Deposits by Individuals, partnerships, and corporations $686,616
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $198,405
    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 $84,982
    Demand deposits $49,839
    Nontransaction accounts $800,039
    Money market deposit accounts (MMDAs) $12,390
    Other savings deposits (excluding MMDAs) $719,484
    Total time deposits $68,164
    Total time and savings deposits $835,182
    Noninterest-bearing deposits $49,839
    Interest-bearing deposits $835,182
    Retail deposits $873,679
    IRAs and Keogh plan accounts $17,584
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $959,738
    Cash & Balances due from depository institutions $92,471
    Interest-bearing balances $82,674
    Total securities $390,663
    Federal funds sold & reverse repurchase $16,887
    Net loans and leases $432,278
    Loan and leases loss allowance $6,073
    Trading account assets $0
    Bank premises and fixed assets $5,970
    Other real estate owned $800
    Goodwill and other intangibles $194
    All other assets $20,475

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $959,738
    Total Liabilities $887,153
    Total deposits $885,021
    Interest-bearing deposits $835,182
    Deposits held in domestic offices $885,021
    % insured (estimated) $62
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,132

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $432,278
    Loan and leases loss allowance $6,073
    Total loans and leases (domestic) $438,351
    All real estate loans $397,977
    Real estate loans in domestic offices $397,977
    Construction and development loans $33,387
    Residential 1-4 family construction $17,928
    Other construction, all land development and other land $15,459
    Loans secured by nonfarm nonresidential properties $213,839
    Nonfarm nonresidential secured by owner-occupied properties $135,314
    Commercial real estate & other non-farm, non-residential $78,525
    Multifamily residential real estate $15,255
    1-4 family residential loans $133,496
    Farmland loans $2,000
    Loans held in foreign offices $0
    Farm loans $832
    Commercial and industrial loans $37,311
    To non-U.S. addressees $0
    Loans to individuals $1,200
    Credit card loans $0
    Related Plans $14
    Consumer Auto Loans $497
    Other loans to individuals $689
    All other loans & leases $1,031
    Loans to foreign governments and official institutions $0
    Other loans $617
    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 $640
    Non 1-4 family restructured loans & leases $559
    Total loans and leases (foreign) $0

    Newfield National Bank had $432,278,000 of loans outstanding in 2021. $397,977,000 of loans were in real estate loans. $33,387,000 of loans were in development loans. $15,255,000 of loans were in multifamily mortgage loans. $133,496,000 of loans were in 1-4 family mortgage loans. $832,000 of loans were in farm loans. $0 of loans were in credit card loans. $497,000 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 341 $74,622 $218,833
    Nonfarm, nonresidential loans - <$100k 56 $2,326 $41,536
    Nonfarm, nonresidential loans - $100-250k 118 $14,007 $118,703
    Nonfarm, nonresidential loans - $250k-1MM 167 $58,289 $349,036
    Commercial & Industrial, US addressed loans - <$1MM 293 $25,350 $86,519
    Commercial & Industrial, US addressed loans - <$100k 150 $3,584 $23,893
    Commercial & Industrial, US addressed loans - $100-250k 93 $7,223 $77,667
    Commercial & Industrial, US addressed loans - $250k-1MM 50 $14,543 $290,860
    Farmland loans - <$1MM 7 $1,360 $194,286
    Farmland loans - <$100k 2 $65 $32,500
    Farmland loans - $100-250k 2 $299 $149,500
    Farmland loans - $250k-1MM 3 $996 $332,000
    Agriculture operations loans - <$1MM 1 $17 $17,000
    Agriculture operations loans - <$100k 1 $17 $17,000