The National Bank Of Indianapolis Mortgage Rates, Fees & Info

Indianapolis, IN

LEI: 549300FTS7TVGFDGUH88

Tax ID: 35-1904483

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    The National Bank Of Indianapolis is a smaller bank specializing in Refi and Home Purchase loans. The National Bank Of Indianapolis has a high proportion of conventional loans. Their top markets by origination volume include: Indianapolis, North Port, Miami, Cape Coral, and Naples among others. We have data for 19 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. The National Bank Of Indianapolis is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.57% 5/5/24
    30 Year Conventional Refi 6.59% 5/5/24
    15 Year Conventional Purchase 6.13% 5/5/24
    15 Year Conventional Refi 6.33% 5/5/24
    15 Year Cash-out Refi 6.33% 5/5/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from The National Bank Of Indianapolis. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    658

    Origination Dollar Volume (All Markets)

    $239,270,000

    Employee count

    317

    Awards

    The National Bank of Indianapolis 30 Year Conventional Loans silver
    Show all (1) awards

    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
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 629 $226,355,000 $359,865 $2,398 3.27%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $2,180,000 $545,000 $5,162 3.16%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $11,029 3.38%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,630,000 $407,500 $4,402 3.44%
    Outside of Metro Areas 3 $1,185,000 $395,000 $2,527 3.42%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $770,000 $385,000 $4,957 3.88%
    BLOOMINGTON, IN (FHA|USDA|VA) 2 $730,000 $365,000 $925 3.25%
    Plymouth, IN (FHA|USDA|VA) 1 $705,000 $705,000 $2,603 2.75%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $515,000 $515,000 $2,538 3.13%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $495,000 $495,000 $5,433 3.50%
    Warsaw, IN (FHA|USDA|VA) 1 $475,000 $475,000 $3,414 2.88%
    COLUMBUS, IN (FHA|USDA|VA) 1 $405,000 $405,000 $3,204 2.50%
    Traverse City, MI (FHA|USDA|VA) 1 $385,000 $385,000 $2,780 3.50%
    Crawfordsville, IN (FHA|USDA|VA) 2 $380,000 $190,000 $2,219 2.88%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $325,000 $325,000 $3,153 3.25%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $255,000 $255,000 $2,865 3.13%
    Holland, MI (FHA|USDA|VA) 1 $175,000 $175,000 $2,502 2.63%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $155,000 $155,000 $2,048 2.50%
    MUNCIE, IN (FHA|USDA|VA) 1 $145,000 $145,000 $1,898 3.13%
    The National Bank Of Indianapolis's top markets include Indianapolis, North Port, Miami, Cape Coral, and Naples among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)

    • 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.

    Hendricks County Bank and Trust Company
    Similarity Rank: 376
    Independent Federal Credit Union
    Similarity Rank: 441
    Madison County Federal Credit Union
    Similarity Rank: 488
    Security Federal Savings Bank
    Similarity Rank: 750
    BNC National Bank
    Similarity Rank: 1338
    INDIANA UNIVERSITY CREDIT UNION
    Similarity Rank: 1881
    CRANE
    Similarity Rank: 2070
    PARTNERS 1ST Federal Credit Union
    Similarity Rank: 2418
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 2496
    BEACON CREDIT UNION
    Similarity Rank: 2808

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 658 $239,270,000 $363,632 $2,453 3.27%

    For 2020, The National Bank Of Indianapolis's most frequently originated type of loan was Conventional, with 658 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 431 $156,325,000 $362,703 $2,380 3.12%
    Home Purchase 224 $80,830,000 $360,848 $2,556 3.54%
    Home Improvement 3 $2,115,000 $705,000 $5,116 3.04%

    For 2020, The National Bank Of Indianapolis's most frequently cited loan purpose was Refi, with 431 originations. The 2nd most popular reason was Home Purchase, with 224 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 388 $150,370,000 $387,552 $2,508 3.48%
    15 Year 161 $55,835,000 $346,801 $2,445 2.90%
    20 Year 68 $21,490,000 $316,029 $2,279 3.24%
    10 Year 41 $11,575,000 $282,317 $2,244 2.78%

    For 2020, The National Bank Of Indianapolis's most frequently cited loan duration was 30 Year, with 388 originations. The 2nd most popular length was 15 Year, with 161 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 616 $224,010,000 $363,653
    $1k-2k 25 $6,475,000 $259,000
    $3k-4k 6 $2,900,000 $483,333
    $5k+ 6 $4,420,000 $736,667
    $2k-3k 3 $1,005,000 $335,000
    $4k-5k 2 $460,000 $230,000

    The National Bank Of Indianapolis's average total fees were $2,508, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 616 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 394 $147,140,000 $373,452
    2.5-3% 218 $77,660,000 $356,239
    4-5% 36 $10,400,000 $288,889
    <2.5% 10 $4,070,000 $407,000

    During 2020, The National Bank Of Indianapolis's average interest rate for loans was 3.48%, while their most frequently originated rate bucket for loans was 3-4%, with 394 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 230 $67,900,000 $295,217 $2,249 3.18%
    $100k-200k 166 $24,570,000 $148,012 $2,111 3.41%
    $400k-600k 153 $74,125,000 $484,477 $2,641 3.15%
    $600k-1MM 60 $46,070,000 $767,833 $3,360 3.44%
    $100,000 or less 30 $2,320,000 $77,333 $2,000 3.36%
    $1MM+ 19 $24,285,000 $1,278,158 $4,228 3.35%

    2020 saw The National Bank Of Indianapolis place emphasis on $200k-400k loans with 230 originations, totaling $67,900,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 238 $133,370,000 $560,378 $2,874 3.18%
    $150k-250k 128 $45,840,000 $358,125 $2,332 3.18%
    $100k-150k 84 $23,320,000 $277,619 $2,237 3.18%
    $50k or less 79 $10,605,000 $134,241 $2,042 3.69%
    $50k-75k 71 $12,965,000 $182,606 $2,181 3.36%
    $75k-100k 41 $9,625,000 $234,756 $2,234 3.28%

    The National Bank Of Indianapolis lent most frequently to those with incomes in the $250k+ range, with 238 originations. The second most popular income band? $150k-250k, with 128 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 198 $72,440,000 $365,859 $2,428 3.21%
    <20% 147 $59,415,000 $404,184 $2,501 3.11%
    30-36% 123 $45,245,000 $367,846 $2,590 3.32%
    38% 28 $12,030,000 $429,643 $2,267 3.47%
    36% 25 $7,805,000 $312,200 $2,182 3.55%
    39% 24 $9,970,000 $415,417 $2,300 3.28%
    40% 21 $5,695,000 $271,190 $2,290 3.46%
    41% 17 $6,615,000 $389,118 $2,909 3.42%
    37% 15 $3,795,000 $253,000 $2,227 3.36%
    43% 15 $4,455,000 $297,000 $2,322 3.39%
    42% 13 $4,425,000 $340,385 $2,361 3.30%
    46% 9 $1,995,000 $221,667 $2,640 3.47%
    44% 9 $2,155,000 $239,444 $2,336 3.40%
    47% 4 $730,000 $182,500 $2,882 3.50%
    45% 3 $835,000 $278,333 $1,955 3.75%
    48% 3 $425,000 $141,667 $1,931 3.79%
    49% 3 $975,000 $325,000 $2,264 2.79%
    >60% 1 $265,000 $265,000 $2,364 2.88%

    The National Bank Of Indianapolis lent most frequently to those with DTI ratios of 20-30%, with 198 originations. The next most common DTI ratio? <20%, with 147 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 569 $221,955,000 $390,079 $2,480 3.21%
    Asian 60 $10,810,000 $180,167 $2,270 3.60%
    Black 26 $5,640,000 $216,923 $2,286 3.74%
    Not provided 2 $720,000 $360,000 $2,424 3.06%
    Japanese 1 $145,000 $145,000 $2,023 3.38%

    Approval Rates

    Total approvals of all applications
    97.93%

    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 origination
    86.93%

    The National Bank Of Indianapolis has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 658 $239,270,000 $363,632

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 658 $239,270,000 $363,632

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 40 $11,190,000 $279,750 $2,347 3.00%
    40-60% 140 $50,460,000 $360,429 $2,577 3.07%
    60-80% 282 $117,960,000 $418,298 $2,537 3.23%
    80-100% 192 $58,730,000 $305,885 $2,268 3.52%
    Under 20% 4 $930,000 $232,500 $2,056 2.75%

    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 $79,629
    The National Bank of Indianapolis 107 North Pennsylvania Street Indianapolis, IN 46204 Full Service B&M $1,134,573
    The National Bank of Indianapolis 1689 West Smith Valley Road Greenwood, IN 46142 Full Service B&M $109,436
    The National Bank of Indianapolis 2410 Harleston Street Carmel, IN 46032 Full Service B&M $37,144
    The National Bank of Indianapolis 2714 East 146th Street Carmel, IN 46033 Full Service B&M $54,021
    The National Bank of Indianapolis 320 North Meridian Street Indianapolis, IN 46204 Full Service Retail $37,662
    The National Bank of Indianapolis 4930 N. Pennsylvania Street Indianapolis, IN 46205 Full Service Retail $93,635
    The National Bank of Indianapolis 5760 East Main Street Carmel, IN 46033 Full Service B&M $17,334
    The National Bank of Indianapolis 613 East Carmel Drive Carmel, IN 46032 Full Service B&M $84,456
    The National Bank of Indianapolis 6807 East 82nd Street Indianapolis, IN 46250 Full Service B&M $91,017
    The National Bank of Indianapolis 8451 Ditch Road Indianapolis, IN 46260 Full Service B&M $128,538
    The National Bank of Indianapolis East 116th Street & Olio Rd Fishers, IN 46037 Full Service B&M $33,294
    The National Bank of Indianapolis One American Square Suite 100 Indianapolis, IN 46282 Full Service Retail $119,333

    For 2020, The National Bank Of Indianapolis had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $70,861
    Net interest income $65,442
    Total noninterest income $22,020
    Gross Fiduciary activities income $12,682
    Service charges on deposit accounts $3,252
    Trading account gains and fees $0
    Additional Noninterest Income $6,086
    Pre-tax net operating income $29,723
    Securities gains (or losses, -) $534
    Income before extraordinary items $23,856
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $23,856
    Minority interest net income $0
    Net income $23,856
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $23,434

    The National Bank Of Indianapolis's gross interest income from loans was $70,861,000.
    The National Bank Of Indianapolis's net interest income from loans was $65,442,000.
    The National Bank Of Indianapolis's fee based income from loans was $3,252,000.
    The National Bank Of Indianapolis's net income from loans was $23,856,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,419
    Provision for credit losses $4,404
    Total noninterest expense $53,335
    Salaries and employee benefits $35,212
    Premises and equipment expense $4,474
    Additional noninterest expense $13,649
    Applicable income taxes $6,401
    Net charge-offs $108
    Cash dividends $1,758

    The National Bank Of Indianapolis's interest expense for loans was $5,419,000.
    The National Bank Of Indianapolis's payroll and benefits expense were $35,212,000.
    The National Bank Of Indianapolis's property, plant and equipment expenses $4,474,000.

    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 0.4%
    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 $2,416,497
    Deposits held in domestic offices $2,416,497
    Deposits by Individuals, partnerships, and corporations $2,371,910
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $44,587
    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 $346,039
    Demand deposits $125,541
    Nontransaction accounts $2,070,458
    Money market deposit accounts (MMDAs) $1,897,610
    Other savings deposits (excluding MMDAs) $75,234
    Total time deposits $97,614
    Total time and savings deposits $2,290,956
    Noninterest-bearing deposits $569,917
    Interest-bearing deposits $1,846,580
    Retail deposits $2,384,814
    IRAs and Keogh plan accounts $15,102
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,832,775
    Cash & Balances due from depository institutions $543,938
    Interest-bearing balances $513,638
    Total securities $543,640
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,660,421
    Loan and leases loss allowance $20,658
    Trading account assets $0
    Bank premises and fixed assets $33,551
    Other real estate owned $15
    Goodwill and other intangibles $2,139
    All other assets $49,071

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,832,775
    Total Liabilities $2,626,889
    Total deposits $2,416,497
    Interest-bearing deposits $1,846,580
    Deposits held in domestic offices $2,416,497
    % insured (estimated) $45
    Federal funds purchased and repurchase agreements $196,859
    Trading liabilities $0
    Other borrowed funds $2,847
    Subordinated debt $0
    All other liabilities $10,686

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,660,421
    Loan and leases loss allowance $20,658
    Total loans and leases (domestic) $1,681,079
    All real estate loans $1,148,132
    Real estate loans in domestic offices $1,148,132
    Construction and development loans $160,983
    Residential 1-4 family construction $17,952
    Other construction, all land development and other land $143,031
    Loans secured by nonfarm nonresidential properties $536,185
    Nonfarm nonresidential secured by owner-occupied properties $352,410
    Commercial real estate & other non-farm, non-residential $183,775
    Multifamily residential real estate $43,086
    1-4 family residential loans $406,794
    Farmland loans $1,084
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $399,241
    To non-U.S. addressees $0
    Loans to individuals $28,706
    Credit card loans $1,671
    Related Plans $23,009
    Consumer Auto Loans $115
    Other loans to individuals $3,911
    All other loans & leases $105,000
    Loans to foreign governments and official institutions $0
    Other loans $105,000
    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 $1,248
    Restructured Loans & leases $6,813
    Non 1-4 family restructured loans & leases $5,557
    Total loans and leases (foreign) $0

    The National Bank of Indianapolis had $1,660,421,000 of loans outstanding in 2020. $1,148,132,000 of loans were in real estate loans. $160,983,000 of loans were in development loans. $43,086,000 of loans were in multifamily mortgage loans. $406,794,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $1,671,000 of loans were in credit card loans. $115,000 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 160 $61,449 $384,056
    Nonfarm, nonresidential loans - <$100k 3 $184 $61,333
    Nonfarm, nonresidential loans - $100-250k 29 $3,690 $127,241
    Nonfarm, nonresidential loans - $250k-1MM 128 $57,575 $449,805
    Commercial & Industrial, US addressed loans - <$1MM 820 $101,914 $124,285
    Commercial & Industrial, US addressed loans - <$100k 382 $12,342 $32,309
    Commercial & Industrial, US addressed loans - $100-250k 199 $22,853 $114,839
    Commercial & Industrial, US addressed loans - $250k-1MM 239 $66,719 $279,159
    Farmland loans - <$1MM 5 $1,084 $216,800
    Farmland loans - $100-250k 2 $296 $148,000
    Farmland loans - $250k-1MM 3 $788 $262,667