Neighborhood National Bank Mortgage Rates, Fees & Info

Mora, MN

LEI: 549300G6F5FVAHSGKU13

Tax ID: 41-0870606

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Mortgage Data

Bank Data

Review & Overview

Neighborhood National Bank is a smaller bank specializing in Home Purchase loans. Neighborhood National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Alexandria, St. Cloud, Duluth, and Kalispell among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Neighborhood National Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

144

Origination Dollar Volume (All Markets)

$27,930,000

Employee count

47

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
Outside of Metro Areas 75 $11,425,000 $152,333 $0 0.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 42 $10,950,000 $260,714 $0 0.00%
Alexandria, MN (FHA|USDA|VA) 18 $2,930,000 $162,778 $0 0.00%
ST. CLOUD, MN (FHA|USDA|VA) 2 $930,000 $465,000 $0 0.00%
DULUTH, MN-WI (FHA|USDA|VA) 3 $705,000 $235,000 $0 0.00%
Kalispell, MT (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
Grand Rapids, MN (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
Albert Lea, MN (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
Neighborhood National Bank's top markets include Minneapolis, Alexandria, St. Cloud, Duluth, and Kalispell among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 144 $27,930,000 $193,958 $0 0.00%

    For 2021, Neighborhood National Bank's most frequently originated type of loan was Conventional, with 144 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 84 $20,730,000 $246,786 $0 0.00%
    Cash Out Refi 24 $3,350,000 $139,583 $0 0.00%
    Home Improvement 14 $840,000 $60,000 $0 0.00%
    Other 11 $635,000 $57,727 $0 0.00%
    Refi 11 $2,375,000 $215,909 $0 0.00%

    For 2021, Neighborhood National Bank's most frequently cited loan purpose was Home Purchase, with 84 originations. The 2nd most popular reason was Cash Out Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 144 $27,930,000 $193,958 $0 0.00%

    For 2021, Neighborhood National Bank's most frequently cited loan duration was Other, with 144 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 51 $2,945,000 $57,745 $0 0.00%
    $200k-400k 43 $11,685,000 $271,744 $0 0.00%
    $100k-200k 34 $5,010,000 $147,353 $0 0.00%
    $400k-600k 13 $6,115,000 $470,385 $0 0.00%
    $600k-1MM 3 $2,175,000 $725,000 $0 0.00%

    2021 saw Neighborhood National Bank place emphasis on $100,000 or less loans with 51 originations, totaling $2,945,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 40 $10,350,000 $258,750 $0 0.00%
    $75k-100k 26 $3,410,000 $131,154 $0 0.00%
    $50k-75k 22 $3,100,000 $140,909 $0 0.00%
    $50k or less 15 $1,245,000 $83,000 $0 0.00%
    $150k-250k 14 $3,240,000 $231,429 $0 0.00%
    $250k+ 5 $2,115,000 $423,000 $0 0.00%

    Neighborhood National Bank lent most frequently to those with incomes in the $100k-150k range, with 40 originations. The second most popular income band? $75k-100k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 144 $27,930,000 $193,958 $0 0.00%

    Neighborhood National Bank lent most frequently to those with DTI ratios of Exempt%, with 144 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 124 $23,400,000 $188,710 $0 0.00%
    Not applicable 19 $4,235,000 $222,895 $0 0.00%
    Asian 1 $295,000 $295,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.32%

    Neighborhood National Bank 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
    90.97%

    Neighborhood National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 144 $27,930,000 $193,958

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    144 $27,930,000 $193,958

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Neighborhood Capital Funding, Inc. Conventional home mortgage Trouble during payment process 1 33.3%
    Neighborhood Capital Funding, Inc. Other type of mortgage Trouble during payment process 2 66.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Neighborhood National Bank 15 Minnesota Avenue South Aitkin, MN 56431 Full Service B&M $21,101
    Neighborhood National Bank 45 North Union Street Mora, MN 55051 Full Service B&M $121,650
    Neighborhood National Bank 5481 St. Croix Trail North Branch, MN 55056 Full Service B&M $47,958
    Neighborhood National Bank 601 West Washington Street Brainerd, MN 56401 Full Service B&M $11,318
    Neighborhood National Bank 710 Frankie Lane Mora, MN 55051 Full Service Retail $0
    Neighborhood National Bank 803 North Nokomis Ne Alexandria, MN 56308 Full Service B&M $48,439

    For 2021, Neighborhood National Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,153
    Net interest income $8,952
    Total noninterest income $1,355
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $193
    Trading account gains and fees $0
    Additional Noninterest Income $1,162
    Pre-tax net operating income $2,905
    Securities gains (or losses, -) $-17
    Income before extraordinary items $2,888
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,888
    Minority interest net income $0
    Net income $2,888
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,905

    Neighborhood National Bank's gross interest income from loans was $10,153,000.
    Neighborhood National Bank's net interest income from loans was $8,952,000.
    Neighborhood National Bank's fee based income from loans was $193,000.
    Neighborhood National Bank's net income from loans was $2,888,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,201
    Provision for credit losses $280
    Total noninterest expense $7,122
    Salaries and employee benefits $4,238
    Premises and equipment expense $667
    Additional noninterest expense $2,217
    Applicable income taxes $0
    Net charge-offs $384
    Cash dividends $1,958

    Neighborhood National Bank's interest expense for loans was $1,201,000.
    Neighborhood National Bank's payroll and benefits expense were $4,238,000.
    Neighborhood National Bank's property, plant and equipment expenses $667,000.

    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 $257,430
    Deposits held in domestic offices $257,430
    Deposits by Individuals, partnerships, and corporations $241,741
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $15,689
    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 $104,974
    Demand deposits $59,581
    Nontransaction accounts $152,456
    Money market deposit accounts (MMDAs) $66,309
    Other savings deposits (excluding MMDAs) $32,056
    Total time deposits $54,092
    Total time and savings deposits $197,849
    Noninterest-bearing deposits $59,581
    Interest-bearing deposits $197,849
    Retail deposits $251,892
    IRAs and Keogh plan accounts $10,552
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $301,357
    Cash & Balances due from depository institutions $26,366
    Interest-bearing balances $20,738
    Total securities $114,785
    Federal funds sold & reverse repurchase $0
    Net loans and leases $152,736
    Loan and leases loss allowance $1,802
    Trading account assets $0
    Bank premises and fixed assets $4,770
    Other real estate owned $165
    Goodwill and other intangibles $169
    All other assets $2,366

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $301,357
    Total Liabilities $275,018
    Total deposits $257,430
    Interest-bearing deposits $197,849
    Deposits held in domestic offices $257,430
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $14,850
    Trading liabilities $0
    Other borrowed funds $1,464
    Subordinated debt $0
    All other liabilities $1,274

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $152,736
    Loan and leases loss allowance $1,802
    Total loans and leases (domestic) $154,538
    All real estate loans $110,422
    Real estate loans in domestic offices $110,422
    Construction and development loans $18,112
    Residential 1-4 family construction $8,721
    Other construction, all land development and other land $9,391
    Loans secured by nonfarm nonresidential properties $28,895
    Nonfarm nonresidential secured by owner-occupied properties $18,619
    Commercial real estate & other non-farm, non-residential $10,276
    Multifamily residential real estate $3,525
    1-4 family residential loans $54,923
    Farmland loans $4,967
    Loans held in foreign offices $0
    Farm loans $1,767
    Commercial and industrial loans $29,174
    To non-U.S. addressees $0
    Loans to individuals $9,086
    Credit card loans $37
    Related Plans $66
    Consumer Auto Loans $4,260
    Other loans to individuals $4,723
    All other loans & leases $4,089
    Loans to foreign governments and official institutions $0
    Other loans $25
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Neighborhood National Bank had $152,736,000 of loans outstanding in 2021. $110,422,000 of loans were in real estate loans. $18,112,000 of loans were in development loans. $3,525,000 of loans were in multifamily mortgage loans. $54,923,000 of loans were in 1-4 family mortgage loans. $1,767,000 of loans were in farm loans. $37,000 of loans were in credit card loans. $4,260,000 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 93 $13,680 $147,097
    Nonfarm, nonresidential loans - <$100k 31 $1,435 $46,290
    Nonfarm, nonresidential loans - $100-250k 39 $5,045 $129,359
    Nonfarm, nonresidential loans - $250k-1MM 23 $7,200 $313,043
    Commercial & Industrial, US addressed loans - <$1MM 237 $16,481 $69,540
    Commercial & Industrial, US addressed loans - <$100k 155 $3,873 $24,987
    Commercial & Industrial, US addressed loans - $100-250k 60 $6,568 $109,467
    Commercial & Industrial, US addressed loans - $250k-1MM 22 $6,040 $274,545
    Farmland loans - <$1MM 18 $2,055 $114,167
    Farmland loans - <$100k 7 $385 $55,000
    Farmland loans - $100-250k 6 $641 $106,833
    Farmland loans - $250k-1MM 5 $1,029 $205,800
    Agriculture operations loans - <$1MM 27 $1,321 $48,926
    Agriculture operations loans - <$100k 20 $307 $15,350
    Agriculture operations loans - $100-250k 4 $369 $92,250
    Agriculture operations loans - $250k-1MM 3 $645 $215,000