The National Bank Of Indianapolis Mortgage Rates, Fees & Info
Indianapolis, INLEI: 549300FTS7TVGFDGUH88
Tax ID: 35-1904483
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Mortgage Data
Bank Data
Review & Overview
The National Bank Of Indianapolis is a smaller bank specializing in Home Purchase and Refi loans. The National Bank Of Indianapolis has a high proportion of conventional loans. Their top markets by origination volume include: Indianapolis, South Bend, Bloomington, Plymouth, and Niles among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)The National Bank Of Indianapolis 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.57% | 4/21/24 |
| 30 Year Conventional Refi | 6.59% | 4/21/24 |
| 15 Year Conventional Purchase | 6.13% | 4/21/24 |
| 15 Year Conventional Refi | 6.33% | 4/21/24 |
| 15 Year Cash-out Refi | 6.33% | 4/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
The National Bank Of Indianapolis Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
510Origination Dollar Volume (All Markets)
$157,630,000Employee count
323Top 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 |
|---|---|---|---|---|---|
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 496 | $152,070,000 | $306,593 | $0 | 0.00% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $0 | 0.00% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $0 | 0.00% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 0.00% |
| NILES, MI (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 0.00% |
| Warsaw, IN (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $445,000 | $445,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against The National Bank of Indianapolis based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 510 | $157,630,000 | $309,078 | $0 | 0.00% |
For 2019, The National Bank Of Indianapolis's most frequently originated type of loan was Conventional, with 510 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 302 | $81,380,000 | $269,470 | $0 | 0.00% |
| Refi | 206 | $75,790,000 | $367,913 | $0 | 0.00% |
| Other | 2 | $460,000 | $230,000 | $0 | 0.00% |
For 2019, The National Bank Of Indianapolis's most frequently cited loan purpose was Home Purchase, with 302 originations. The 2nd most popular reason was Refi, with 206 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 510 | $157,630,000 | $309,078 | $0 | 0.00% |
For 2019, The National Bank Of Indianapolis's most frequently cited loan duration was Other, with 510 originations.
Loan Sizing
2019 saw The National Bank Of Indianapolis place emphasis on $100k-200k loans with 200 originations, totaling $29,390,000 in origination value.
Applicant Income
The National Bank Of Indianapolis lent most frequently to those with incomes in the $50k or less range, with 149 originations. The second most popular income band? $250k+, with 143 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 510 | $157,630,000 | $309,078 | $0 | 0.00% |
The National Bank Of Indianapolis lent most frequently to those with DTI ratios of Exempt%, with 510 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.93%
The National Bank Of Indianapolis has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination89.41%
The National Bank Of Indianapolis has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 510 | $157,630,000 | $309,078 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| The National Bank of Indianapolis | 10590 North Michigan Road Carmel, IN 46032 | Full Service B&M | $67,377 |
| The National Bank of Indianapolis | 107 North Pennsylvania Street Indianapolis, IN 46204 | Full Service B&M | $900,303 |
| The National Bank of Indianapolis | 1689 West Smith Valley Road Greenwood, IN 46142 | Full Service B&M | $94,873 |
| The National Bank of Indianapolis | 2410 Harleston Street Carmel, IN 46032 | Full Service B&M | $27,828 |
| The National Bank of Indianapolis | 2714 East 146th Street Carmel, IN 46033 | Full Service B&M | $52,886 |
| The National Bank of Indianapolis | 320 North Meridian Street Indianapolis, IN 46204 | Full Service Retail | $36,870 |
| The National Bank of Indianapolis | 4930 N. Pennsylvania Street Indianapolis, IN 46205 | Full Service Retail | $83,107 |
| The National Bank of Indianapolis | 5760 East Main Street Carmel, IN 46033 | Full Service B&M | $11,076 |
| The National Bank of Indianapolis | 613 East Carmel Drive Carmel, IN 46032 | Full Service B&M | $66,020 |
| The National Bank of Indianapolis | 6807 East 82nd Street Indianapolis, IN 46250 | Full Service B&M | $84,885 |
| The National Bank of Indianapolis | 8451 Ditch Road Indianapolis, IN 46260 | Full Service B&M | $114,724 |
| The National Bank of Indianapolis | East 116th Street & Olio Rd Fishers, IN 46037 | Full Service B&M | $29,630 |
| The National Bank of Indianapolis | One American Square Suite 100 Indianapolis, IN 46282 | Full Service Retail | $108,678 |
For 2019, The National Bank Of Indianapolis had 13 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $83,833 |
| Net interest income | $67,222 |
| Total noninterest income | $20,298 |
| Gross Fiduciary activities income | $11,950 |
| Service charges on deposit accounts | $3,104 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $5,244 |
| Pre-tax net operating income | $31,995 |
| Securities gains (or losses, -) | $-85 |
| Income before extraordinary items | $24,940 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $24,940 |
| Minority interest net income | $0 |
| Net income | $24,940 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $25,007 |
The National Bank Of Indianapolis's gross interest income from loans was $83,833,000.
The National Bank Of Indianapolis's net interest income from loans was $67,222,000.
The National Bank Of Indianapolis's fee based income from loans was $3,104,000.
The National Bank Of Indianapolis's net income from loans was $24,940,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $16,611 |
| Provision for credit losses | $149 |
| Total noninterest expense | $55,376 |
| Salaries and employee benefits | $36,752 |
| Premises and equipment expense | $4,604 |
| Additional noninterest expense | $14,020 |
| Applicable income taxes | $6,970 |
| Net charge-offs | $-192 |
| Cash dividends | $24,817 |
The National Bank Of Indianapolis's interest expense for loans was $16,611,000.
The National Bank Of Indianapolis's payroll and benefits expense were $36,752,000.
The National Bank Of Indianapolis's property, plant and equipment expenses $4,604,000.
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 | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 1.0% |
| 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 | $1,902,186 |
| Deposits held in domestic offices | $1,760,099 |
| Deposits by Individuals, partnerships, and corporations | $1,724,007 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $36,092 |
| 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 | $345,303 |
| Demand deposits | $108,282 |
| Nontransaction accounts | $1,414,796 |
| Money market deposit accounts (MMDAs) | $1,246,225 |
| Other savings deposits (excluding MMDAs) | $32,679 |
| Total time deposits | $135,892 |
| Total time and savings deposits | $1,651,817 |
| Noninterest-bearing deposits | $405,017 |
| Interest-bearing deposits | $1,355,082 |
| Retail deposits | $1,718,345 |
| IRAs and Keogh plan accounts | $17,168 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $142,087 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $2,276,074 |
| Cash & Balances due from depository institutions | $382,011 |
| Interest-bearing balances | $356,304 |
| Total securities | $387,581 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,423,691 |
| Loan and leases loss allowance | $16,362 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $33,941 |
| Other real estate owned | $77 |
| Goodwill and other intangibles | $3,552 |
| All other assets | $45,221 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $2,276,074 |
| Total Liabilities | $2,097,342 |
| Total deposits | $1,902,186 |
| Interest-bearing deposits | $1,497,169 |
| Deposits held in domestic offices | $1,760,099 |
| % insured (estimated) | $58 |
| Federal funds purchased and repurchase agreements | $180,211 |
| Trading liabilities | $0 |
| Other borrowed funds | $3,283 |
| Subordinated debt | $0 |
| All other liabilities | $11,662 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,423,691 |
| Loan and leases loss allowance | $16,362 |
| Total loans and leases (domestic) | $1,440,053 |
| All real estate loans | $1,009,419 |
| Real estate loans in domestic offices | $1,009,419 |
| Construction and development loans | $110,751 |
| Residential 1-4 family construction | $13,623 |
| Other construction, all land development and other land | $97,128 |
| Loans secured by nonfarm nonresidential properties | $497,903 |
| Nonfarm nonresidential secured by owner-occupied properties | $297,651 |
| Commercial real estate & other non-farm, non-residential | $200,252 |
| Multifamily residential real estate | $5,566 |
| 1-4 family residential loans | $394,228 |
| Farmland loans | $971 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $327,376 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $34,483 |
| Credit card loans | $2,137 |
| Related Plans | $27,481 |
| Consumer Auto Loans | $351 |
| Other loans to individuals | $4,514 |
| All other loans & leases | $68,775 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $68,775 |
| 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 | $1,293 |
| Restructured Loans & leases | $3,461 |
| Non 1-4 family restructured loans & leases | $1,872 |
| Total loans and leases (foreign) | $0 |
The National Bank of Indianapolis had $1,423,691,000 of loans outstanding in 2019. $1,009,419,000 of loans were in real estate loans. $110,751,000 of loans were in development loans. $5,566,000 of loans were in multifamily mortgage loans. $394,228,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $2,137,000 of loans were in credit card loans. $351,000 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 | 195 | $73,279 | $375,790 |
| Nonfarm, nonresidential loans - <$100k | 7 | $423 | $60,429 |
| Nonfarm, nonresidential loans - $100-250k | 41 | $4,782 | $116,634 |
| Nonfarm, nonresidential loans - $250k-1MM | 147 | $68,074 | $463,088 |
| Commercial & Industrial, US addressed loans - <$1MM | 687 | $118,211 | $172,068 |
| Commercial & Industrial, US addressed loans - <$100k | 224 | $7,940 | $35,446 |
| Commercial & Industrial, US addressed loans - $100-250k | 196 | $20,491 | $104,546 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 267 | $89,780 | $336,255 |
| Farmland loans - <$1MM | 3 | $971 | $323,667 |
| Farmland loans - $100-250k | 1 | $117 | $117,000 |
| Farmland loans - $250k-1MM | 2 | $854 | $427,000 |