National Bankshares Mortgage Rates, Fees & Info

BLACKSBURG, VA

LEI: 549300Q745S62Q6QNW78

Tax ID: 54-0314870

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Mortgage Data

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

    National Bankshares is a smaller bank specializing in Home Purchase loans. National Bankshares has a high proportion of conventional loans. Their top markets by origination volume include: Blacksburg, Roanoke, Kingsport, Bluefield, and Myrtle Beach among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    National Bankshares 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.

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

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    Originations

    290

    Origination Dollar Volume (All Markets)

    $62,890,000

    Employee count

    231

    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
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 203 $48,725,000 $240,025 $0 0.00%
    ROANOKE, VA (FHA|USDA|VA) 13 $6,205,000 $477,308 $0 0.00%
    Outside of Metro Areas 41 $4,475,000 $109,146 $0 0.00%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 13 $1,725,000 $132,692 $0 0.00%
    Bluefield, WV-VA (FHA|USDA|VA) 19 $1,555,000 $81,842 $0 0.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    National Bankshares's top markets include Blacksburg, Roanoke, Kingsport, Bluefield, and Myrtle Beach among others.

    Their top states include:
  • Virginia (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against NATIONAL BANKSHARES based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    FREEDOM FIRST
    Similarity Rank: 170
    Union Mortgage Group
    Similarity Rank: 627
    First-Citizens Bank & Trust Company
    Similarity Rank: 755
    First Heritage Mortgage, LLC
    Similarity Rank: 774
    FIRST BANCORP
    Similarity Rank: 792
    Alcova Mortgage LLC
    Similarity Rank: 2060
    RESIDENTIAL MORTGAGE SERVICES, INC.
    Similarity Rank: 2848
    Prosperity Home Mortgage, LLC
    Similarity Rank: 3429
    SUNTRUST MORTGAGE, INC
    Similarity Rank: 5292
    Truist
    Similarity Rank: 6840

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 288 $62,570,000 $217,257 $0 0.00%
    VA 2 $320,000 $160,000 $0 0.00%

    For 2018, National Bankshares's most frequently originated type of loan was Conventional, with 288 originations. Their 2nd most popular type was VA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 175 $43,945,000 $251,114 $0 0.00%
    Cash Out Refi 62 $10,770,000 $173,710 $0 0.00%
    Other 19 $1,155,000 $60,789 $0 0.00%
    Home Improvement 18 $1,490,000 $82,778 $0 0.00%
    Refi 16 $5,530,000 $345,625 $0 0.00%

    For 2018, National Bankshares's most frequently cited loan purpose was Home Purchase, with 175 originations. The 2nd most popular reason was Cash Out Refi, with 62 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 290 $62,890,000 $216,862 $0 0.00%

    For 2018, National Bankshares's most frequently cited loan duration was Other, with 290 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 117 $6,525,000 $55,769 $0 0.00%
    $100k-200k 99 $13,995,000 $141,364 $0 0.00%
    $200k-400k 48 $12,800,000 $266,667 $0 0.00%
    $400k-600k 13 $6,205,000 $477,308 $0 0.00%
    $600k-1MM 8 $5,690,000 $711,250 $0 0.00%
    $1MM+ 5 $17,675,000 $3,535,000 $0 0.00%

    2018 saw National Bankshares place emphasis on $100,000 or less loans with 117 originations, totaling $6,525,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 67 $4,505,000 $67,239 $0 0.00%
    $50k-75k 52 $5,820,000 $111,923 $0 0.00%
    $75k-100k 43 $6,215,000 $144,535 $0 0.00%
    $150k-250k 31 $7,915,000 $255,323 $0 0.00%
    $100k-150k 27 $4,955,000 $183,519 $0 0.00%
    $250k+ 20 $6,760,000 $338,000 $0 0.00%

    National Bankshares lent most frequently to those with incomes in the $50k or less range, with 67 originations. The second most popular income band? $50k-75k, with 52 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 290 $62,890,000 $216,862 $0 0.00%

    National Bankshares lent most frequently to those with DTI ratios of Exempt%, with 290 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 227 $33,025,000 $145,485 $0 0.00%
    Not applicable 45 $26,365,000 $585,889 $0 0.00%
    Not provided 13 $2,735,000 $210,385 $0 0.00%
    Black 2 $470,000 $235,000 $0 0.00%
    Asian 3 $295,000 $98,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.75%

    National Bankshares has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.21%

    National Bankshares has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 290 $62,890,000 $216,862

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $2,405,000 $2,405,000
    Multifamily:Site-Built 13 $19,695,000 $1,515,000
    Single Family (1-4 Units):Manufactured 28 $1,740,000 $62,143
    Single Family (1-4 Units):Site-Built 248 $39,050,000 $157,460

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    National Title Co. Other type of mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The National Bank of Blacksburg 100 South Main Street Blacksburg, VA 24060 Full Service B&M $211,058
    The National Bank of Blacksburg 101 Hubbard Street Blacksburg, VA 24060 Full Service B&M $53,414
    The National Bank of Blacksburg 115 Shire Lane North Tazewell, VA 24630 Full Service B&M $21,861
    The National Bank of Blacksburg 1155 Claypool Hill Mall Rd. Cedar Bluff, VA 24609 Full Service B&M $12,039
    The National Bank of Blacksburg 120 Peppers Ferry Road, N.E. Christiansburg, VA 24073 Full Service B&M $46,788
    The National Bank of Blacksburg 144 Main Street Tazewell, VA 24651 Full Service B&M $49,173
    The National Bank of Blacksburg 185 E. Main Street Wytheville, VA 24382 Full Service B&M $96,069
    The National Bank of Blacksburg 1905 Front St. Richlands, VA 24641 Full Service B&M $19,801
    The National Bank of Blacksburg 196 Market Street North Tazewell, VA 24630 Full Service B&M $12,680
    The National Bank of Blacksburg 2001 Norwood Street Radford, VA 24143 Full Service B&M $33,530
    The National Bank of Blacksburg 201 Main Street Pearisburg, VA 24134 Full Service B&M $44,772
    The National Bank of Blacksburg 2070 Leatherwood Lane Bluefield, VA 24605 Full Service B&M $27,207
    The National Bank of Blacksburg 2280 Kraft Drive, Suite 1000 Blacksburg, VA 24060 Full Service B&M $11,381
    The National Bank of Blacksburg 250 N Washington Avenue Pulaski, VA 24301 Full Service B&M $17,990
    The National Bank of Blacksburg 3600 South Main Street Blacksburg, VA 24060 Full Service B&M $32,162
    The National Bank of Blacksburg 370 Virginia Avenue Rich Creek, VA 24147 Full Service B&M $15,610
    The National Bank of Blacksburg 46 North Franklin Street Christiansburg, VA 24073 Full Service B&M $48,123
    The National Bank of Blacksburg 506 East Stuart Drive Galax, VA 24333 Full Service B&M $23,069
    The National Bank of Blacksburg 511 Virginia Avenue Bluefield, VA 24605 Full Service B&M $55,666
    The National Bank of Blacksburg 611 Snidow Street Pembroke, VA 24136 Full Service B&M $26,696
    The National Bank of Blacksburg 900 Hethwood Boulevard Blacksburg, VA 24060 Full Service B&M $44,365
    The National Bank of Blacksburg 900 Memorial Drive Pulaski, VA 24301 Full Service B&M $80,734
    The National Bank of Blacksburg 900 North Main Street Blacksburg, VA 24060 Full Service B&M $37,310
    The National Bank of Blacksburg 968 West Main Street Abingdon, VA 24210 Full Service B&M $12,389
    The National Bank of Blacksburg U.S.Route 11 Dublin, VA 24084 Full Service B&M $35,020

    For 2018, National Bankshares had 25 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $43,214
    Net interest income $38,167
    Total noninterest income $8,595
    Gross Fiduciary activities income $1,566
    Service charges on deposit accounts $2,450
    Trading account gains and fees $0
    Additional Noninterest Income $4,579
    Pre-tax net operating income $19,668
    Securities gains (or losses, -) $17
    Income before extraordinary items $16,877
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $16,877
    Minority interest net income $0
    Net income $16,877
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $16,862

    National Bankshares's gross interest income from loans was $43,214,000.
    National Bankshares's net interest income from loans was $38,167,000.
    National Bankshares's fee based income from loans was $2,450,000.
    National Bankshares's net income from loans was $16,877,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,047
    Provision for credit losses $-81
    Total noninterest expense $27,175
    Salaries and employee benefits $14,136
    Premises and equipment expense $1,987
    Additional noninterest expense $11,052
    Applicable income taxes $2,808
    Net charge-offs $454
    Cash dividends $9,418

    National Bankshares's interest expense for loans was $5,047,000.
    National Bankshares's payroll and benefits expense were $14,136,000.
    National Bankshares's property, plant and equipment expenses $1,987,000.

    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 $1,052,082
    Deposits held in domestic offices $1,052,082
    Deposits by Individuals, partnerships, and corporations $814,835
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $236,991
    Deposits by Commercial banks and other depository institutions in U.S. $256
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $120,306
    Demand deposits $51,178
    Nontransaction accounts $931,776
    Money market deposit accounts (MMDAs) $199,443
    Other savings deposits (excluding MMDAs) $630,533
    Total time deposits $101,800
    Total time and savings deposits $1,000,904
    Noninterest-bearing deposits $195,581
    Interest-bearing deposits $856,501
    Retail deposits $1,038,054
    IRAs and Keogh plan accounts $33,266
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,253,172
    Cash & Balances due from depository institutions $56,016
    Interest-bearing balances $43,134
    Total securities $425,010
    Federal funds sold & reverse repurchase $0
    Net loans and leases $702,481
    Loan and leases loss allowance $7,390
    Trading account assets $0
    Bank premises and fixed assets $8,543
    Other real estate owned $2,052
    Goodwill and other intangibles $5,848
    All other assets $53,222

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,253,172
    Total Liabilities $1,064,874
    Total deposits $1,052,082
    Interest-bearing deposits $856,501
    Deposits held in domestic offices $1,052,082
    % insured (estimated) $65
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $12,792

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $702,481
    Loan and leases loss allowance $7,390
    Total loans and leases (domestic) $709,871
    All real estate loans $566,683
    Real estate loans in domestic offices $566,683
    Construction and development loans $37,793
    Residential 1-4 family construction $9,260
    Other construction, all land development and other land $28,533
    Loans secured by nonfarm nonresidential properties $249,725
    Nonfarm nonresidential secured by owner-occupied properties $120,131
    Commercial real estate & other non-farm, non-residential $129,594
    Multifamily residential real estate $99,008
    1-4 family residential loans $175,447
    Farmland loans $4,710
    Loans held in foreign offices $0
    Farm loans $3,464
    Commercial and industrial loans $43,086
    To non-U.S. addressees $0
    Loans to individuals $35,841
    Credit card loans $5,734
    Related Plans $126
    Consumer Auto Loans $18,631
    Other loans to individuals $11,350
    All other loans & leases $60,797
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $2,548
    Non 1-4 family restructured loans & leases $2,131
    Total loans and leases (foreign) $0

    NATIONAL BANKSHARES had $702,481,000 of loans outstanding in 2018. $566,683,000 of loans were in real estate loans. $37,793,000 of loans were in development loans. $99,008,000 of loans were in multifamily mortgage loans. $175,447,000 of loans were in 1-4 family mortgage loans. $3,464,000 of loans were in farm loans. $5,734,000 of loans were in credit card loans. $18,631,000 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 496 $87,098 $175,601
    Nonfarm, nonresidential loans - <$100k 163 $6,957 $42,681
    Nonfarm, nonresidential loans - $100-250k 146 $17,677 $121,075
    Nonfarm, nonresidential loans - $250k-1MM 187 $62,464 $334,032
    Commercial & Industrial, US addressed loans - <$1MM 485 $28,162 $58,066
    Commercial & Industrial, US addressed loans - <$100k 390 $10,542 $27,031
    Commercial & Industrial, US addressed loans - $100-250k 69 $8,171 $118,420
    Commercial & Industrial, US addressed loans - $250k-1MM 26 $9,449 $363,423
    Farmland loans - <$1MM 7 $992 $141,714
    Farmland loans - <$100k 3 $100 $33,333
    Farmland loans - $100-250k 2 $300 $150,000
    Farmland loans - $250k-1MM 2 $592 $296,000
    Agriculture operations loans - <$1MM 45 $1,961 $43,578
    Agriculture operations loans - <$100k 40 $817 $20,425
    Agriculture operations loans - $100-250k 2 $36 $18,000
    Agriculture operations loans - $250k-1MM 3 $1,108 $369,333