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

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  • 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, Naples, North Port, Warsaw, and Plymouth among others. We have data for 15 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% 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






    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

    400

    Origination Dollar Volume (All Markets)

    $182,460,000

    Employee count

    317

    Awards

    The National Bank of Indianapolis 30 Year Conventional Loans bronze
    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) 380 $169,440,000 $445,895 $2,465 2.98%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $3,275,000 $1,091,667 $7,332 2.75%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $3,240,000 $1,620,000 $7,280 2.88%
    Warsaw, IN (FHA|USDA|VA) 2 $1,600,000 $800,000 $2,715 2.88%
    Outside of Metro Areas 3 $845,000 $281,667 $2,404 3.04%
    Plymouth, IN (FHA|USDA|VA) 1 $715,000 $715,000 $2,755 4.13%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $545,000 $545,000 $5,447 3.25%
    Holland, MI (FHA|USDA|VA) 1 $545,000 $545,000 $3,569 2.88%
    Traverse City, MI (FHA|USDA|VA) 1 $545,000 $545,000 $3,918 2.50%
    BLOOMINGTON, IN (FHA|USDA|VA) 1 $455,000 $455,000 $2,536 2.75%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $415,000 $415,000 $2,549 2.88%
    Angola, IN (FHA|USDA|VA) 1 $345,000 $345,000 $264 3.25%
    Ludington, MI (FHA|USDA|VA) 1 $305,000 $305,000 $3,007 3.13%
    MUNCIE, IN (FHA|USDA|VA) 1 $135,000 $135,000 $2,145 2.63%
    Kendallville, IN (FHA|USDA|VA) 1 $55,000 $55,000 $2,167 3.00%
    The National Bank Of Indianapolis's top markets include Indianapolis, Naples, North Port, Warsaw, and Plymouth 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.

    The Riddell National Bank
    Similarity Rank: 252
    Mutual Savings Bank
    Similarity Rank: 264
    Independent Federal Credit Union
    Similarity Rank: 560
    Madison County Federal Credit Union
    Similarity Rank: 784
    The Peoples State Bank
    Similarity Rank: 1188
    INDIANA UNIVERSITY CREDIT UNION
    Similarity Rank: 1463
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1690
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 1980
    FORUM Credit Union
    Similarity Rank: 2139
    The National Bank of Indianapolis
    Similarity Rank: 2445

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 400 $182,460,000 $456,150 $2,536 2.98%

    For 2021, The National Bank Of Indianapolis's most frequently originated type of loan was Conventional, with 400 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 233 $102,625,000 $440,451 $2,510 2.90%
    Home Purchase 162 $77,570,000 $478,827 $2,535 3.10%
    Other 5 $2,265,000 $453,000 $3,787 2.93%

    For 2021, The National Bank Of Indianapolis's most frequently cited loan purpose was Refi, with 233 originations. The 2nd most popular reason was Home Purchase, with 162 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 227 $113,525,000 $500,110 $2,596 3.17%
    15 Year 108 $40,920,000 $378,889 $2,374 2.65%
    20 Year 49 $21,095,000 $430,510 $2,487 2.97%
    10 Year 16 $6,920,000 $432,500 $2,907 2.58%

    For 2021, The National Bank Of Indianapolis's most frequently cited loan duration was 30 Year, with 227 originations. The 2nd most popular length was 15 Year, with 108 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 390 $177,400,000 $454,872
    $1k-2k 4 $900,000 $225,000
    $5k+ 3 $2,355,000 $785,000
    $2k-3k 1 $1,145,000 $1,145,000
    $3k-4k 1 $425,000 $425,000
    $4k-5k 1 $235,000 $235,000

    The National Bank Of Indianapolis's average total fees were $2,596, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 390 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 189 $94,235,000 $498,598
    2.5-3% 164 $72,900,000 $444,512
    <2.5% 46 $14,610,000 $317,609
    4-5% 1 $715,000 $715,000

    During 2021, The National Bank Of Indianapolis's average interest rate for loans was 3.17%, while their most frequently originated rate bucket for loans was 3-4%, with 189 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 130 $37,030,000 $284,846 $2,266 2.90%
    $400k-600k 102 $50,230,000 $492,451 $2,492 2.96%
    $100k-200k 69 $10,625,000 $153,986 $2,182 3.00%
    $600k-1MM 55 $42,595,000 $774,455 $2,983 3.18%
    $1MM+ 29 $40,815,000 $1,407,414 $4,070 3.11%
    $100,000 or less 15 $1,165,000 $77,667 $2,173 2.75%

    2021 saw The National Bank Of Indianapolis place emphasis on $200k-400k loans with 130 originations, totaling $37,030,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 166 $115,870,000 $698,012 $2,871 2.99%
    $150k-250k 79 $32,305,000 $408,924 $2,369 2.96%
    $50k-75k 49 $9,835,000 $200,714 $2,303 2.96%
    $100k-150k 45 $12,905,000 $286,778 $2,257 2.90%
    $75k-100k 29 $5,905,000 $203,621 $2,247 3.02%
    $50k or less 23 $3,185,000 $138,478 $2,177 3.17%

    The National Bank Of Indianapolis lent most frequently to those with incomes in the $250k+ range, with 166 originations. The second most popular income band? $150k-250k, with 79 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 135 $68,715,000 $509,000 $2,577 2.99%
    <20% 88 $43,110,000 $489,886 $2,625 2.92%
    30-36% 78 $32,650,000 $418,590 $2,357 2.99%
    37% 16 $5,110,000 $319,375 $2,455 2.91%
    41% 13 $6,425,000 $494,231 $2,606 3.26%
    42% 13 $7,365,000 $566,538 $2,723 3.09%
    40% 10 $2,990,000 $299,000 $2,695 3.18%
    36% 10 $3,140,000 $314,000 $2,457 3.19%
    38% 10 $3,570,000 $357,000 $2,634 2.89%
    43% 6 $2,330,000 $388,333 $2,319 2.88%
    39% 4 $2,740,000 $685,000 $2,985 3.00%
    45% 4 $1,850,000 $462,500 $2,449 3.09%
    46% 4 $1,270,000 $317,500 $2,221 3.06%
    47% 4 $610,000 $152,500 $2,195 2.66%
    44% 2 $210,000 $105,000 $2,724 2.50%
    49% 2 $240,000 $120,000 $2,379 2.88%
    48% 1 $135,000 $135,000 $1,685 2.38%

    The National Bank Of Indianapolis lent most frequently to those with DTI ratios of 20-30%, with 135 originations. The next most common DTI ratio? <20%, with 88 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 350 $163,800,000 $468,000 $2,544 2.98%
    Asian 14 $6,550,000 $467,857 $2,499 3.11%
    Black 22 $6,480,000 $294,545 $2,456 3.06%
    Not provided 12 $3,390,000 $282,500 $2,235 2.88%
    American Indian 1 $2,005,000 $2,005,000 $5,817 3.00%
    Native Hawaiian or Islander 1 $235,000 $235,000 $2,357 3.13%

    Approval Rates

    Total approvals of all applications
    98.80%

    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
    80.50%

    The National Bank Of Indianapolis has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 400 $182,460,000 $456,150

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    400 $182,460,000 $456,150

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $10,560,000 $377,143 $2,706 2.73%
    40-60% 85 $34,685,000 $408,059 $2,401 2.83%
    60-80% 166 $88,190,000 $531,265 $2,495 3.05%
    80-100% 114 $47,600,000 $417,544 $2,632 3.09%
    Under 20% 7 $1,425,000 $203,571 $2,958 2.52%

    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 $94,815
    The National Bank of Indianapolis 107 North Pennsylvania Street Indianapolis, IN 46204 Full Service B&M $1,557,868
    The National Bank of Indianapolis 1689 West Smith Valley Road Greenwood, IN 46142 Full Service B&M $144,556
    The National Bank of Indianapolis 2410 Harleston Street Carmel, IN 46032 Full Service B&M $42,208
    The National Bank of Indianapolis 2714 East 146th Street Carmel, IN 46033 Full Service B&M $63,583
    The National Bank of Indianapolis 320 North Meridian Street Indianapolis, IN 46204 Full Service Retail $39,382
    The National Bank of Indianapolis 4930 N. Pennsylvania Street Indianapolis, IN 46205 Full Service Retail $106,885
    The National Bank of Indianapolis 5760 East Main Street Carmel, IN 46033 Full Service B&M $21,056
    The National Bank of Indianapolis 613 East Carmel Drive Carmel, IN 46032 Full Service B&M $97,251
    The National Bank of Indianapolis 6807 East 82nd Street Indianapolis, IN 46250 Full Service B&M $100,150
    The National Bank of Indianapolis 8451 Ditch Road Indianapolis, IN 46260 Full Service B&M $229,717
    The National Bank of Indianapolis East 116th Street & Olio Rd Fishers, IN 46037 Full Service B&M $42,267
    The National Bank of Indianapolis One American Square Suite 100 Indianapolis, IN 46282 Full Service Retail $131,741

    For 2021, The National Bank Of Indianapolis had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $70,454
    Net interest income $68,029
    Total noninterest income $26,887
    Gross Fiduciary activities income $14,450
    Service charges on deposit accounts $3,306
    Trading account gains and fees $0
    Additional Noninterest Income $9,131
    Pre-tax net operating income $35,280
    Securities gains (or losses, -) $-9
    Income before extraordinary items $27,631
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $27,631
    Minority interest net income $0
    Net income $27,631
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $27,638

    The National Bank Of Indianapolis's gross interest income from loans was $70,454,000.
    The National Bank Of Indianapolis's net interest income from loans was $68,029,000.
    The National Bank Of Indianapolis's fee based income from loans was $3,306,000.
    The National Bank Of Indianapolis's net income from loans was $27,631,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,425
    Provision for credit losses $77
    Total noninterest expense $59,559
    Salaries and employee benefits $40,026
    Premises and equipment expense $4,071
    Additional noninterest expense $15,462
    Applicable income taxes $7,640
    Net charge-offs $-59
    Cash dividends $9,008

    The National Bank Of Indianapolis's interest expense for loans was $2,425,000.
    The National Bank Of Indianapolis's payroll and benefits expense were $40,026,000.
    The National Bank Of Indianapolis's property, plant and equipment expenses $4,071,000.

    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 0.0%
    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 $2,794,377
    Deposits held in domestic offices $2,794,377
    Deposits by Individuals, partnerships, and corporations $2,740,007
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $54,370
    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 $329,481
    Demand deposits $168,205
    Nontransaction accounts $2,464,896
    Money market deposit accounts (MMDAs) $2,295,085
    Other savings deposits (excluding MMDAs) $88,608
    Total time deposits $81,203
    Total time and savings deposits $2,626,172
    Noninterest-bearing deposits $719,652
    Interest-bearing deposits $2,074,725
    Retail deposits $2,767,715
    IRAs and Keogh plan accounts $12,764
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $3,164,337
    Cash & Balances due from depository institutions $820,480
    Interest-bearing balances $771,242
    Total securities $648,764
    Federal funds sold & reverse repurchase $38,858
    Net loans and leases $1,557,104
    Loan and leases loss allowance $20,794
    Trading account assets $0
    Bank premises and fixed assets $32,711
    Other real estate owned $0
    Goodwill and other intangibles $2,810
    All other assets $63,610

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $3,164,337
    Total Liabilities $2,955,153
    Total deposits $2,794,377
    Interest-bearing deposits $2,074,725
    Deposits held in domestic offices $2,794,377
    % insured (estimated) $42
    Federal funds purchased and repurchase agreements $134,234
    Trading liabilities $0
    Other borrowed funds $2,440
    Subordinated debt $0
    All other liabilities $24,102

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,557,104
    Loan and leases loss allowance $20,794
    Total loans and leases (domestic) $1,577,898
    All real estate loans $1,144,192
    Real estate loans in domestic offices $1,144,192
    Construction and development loans $163,482
    Residential 1-4 family construction $15,272
    Other construction, all land development and other land $148,210
    Loans secured by nonfarm nonresidential properties $549,859
    Nonfarm nonresidential secured by owner-occupied properties $362,468
    Commercial real estate & other non-farm, non-residential $187,391
    Multifamily residential real estate $38,732
    1-4 family residential loans $391,823
    Farmland loans $296
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $336,181
    To non-U.S. addressees $0
    Loans to individuals $31,235
    Credit card loans $1,731
    Related Plans $25,950
    Consumer Auto Loans $137
    Other loans to individuals $3,417
    All other loans & leases $66,290
    Loans to foreign governments and official institutions $0
    Other loans $66,290
    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 $1,394
    Non 1-4 family restructured loans & leases $254
    Total loans and leases (foreign) $0

    The National Bank of Indianapolis had $1,557,104,000 of loans outstanding in 2021. $1,144,192,000 of loans were in real estate loans. $163,482,000 of loans were in development loans. $38,732,000 of loans were in multifamily mortgage loans. $391,823,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $1,731,000 of loans were in credit card loans. $137,000 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 150 $56,808 $378,720
    Nonfarm, nonresidential loans - <$100k 1 $54 $54,000
    Nonfarm, nonresidential loans - $100-250k 25 $3,032 $121,280
    Nonfarm, nonresidential loans - $250k-1MM 124 $53,722 $433,242
    Commercial & Industrial, US addressed loans - <$1MM 460 $57,546 $125,100
    Commercial & Industrial, US addressed loans - <$100k 139 $3,639 $26,180
    Commercial & Industrial, US addressed loans - $100-250k 132 $11,103 $84,114
    Commercial & Industrial, US addressed loans - $250k-1MM 189 $42,804 $226,476
    Farmland loans - <$1MM 2 $296 $148,000
    Farmland loans - $100-250k 2 $296 $148,000