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 and Refi loans. National Bankshares has a high proportion of conventional loans. Their top markets by origination volume include: Blacksburg, Roanoke, Bluefield, Kingsport, and Myrtle Beach among others. We have data for 8 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

    287

    Origination Dollar Volume (All Markets)

    $50,525,000

    Employee count

    235

    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 $39,675,000 $195,443 $0 0.00%
    Outside of Metro Areas 29 $4,375,000 $150,862 $0 0.00%
    ROANOKE, VA (FHA|USDA|VA) 10 $3,210,000 $321,000 $0 0.00%
    Bluefield, WV-VA (FHA|USDA|VA) 26 $1,710,000 $65,769 $0 0.00%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 16 $1,340,000 $83,750 $0 0.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Mount Airy, NC (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Big Stone Gap, VA (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    National Bankshares's top markets include Blacksburg, Roanoke, Bluefield, Kingsport, and Myrtle Beach among others.

    Their top states include:
  • Virginia (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • South Carolina (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: 117
    First-Citizens Bank & Trust Company
    Similarity Rank: 624
    First Community Bank
    Similarity Rank: 703
    FIRST BANCORP
    Similarity Rank: 704
    First Heritage Mortgage, LLC
    Similarity Rank: 1403
    Alcova Mortgage LLC
    Similarity Rank: 3090
    RESIDENTIAL MORTGAGE SERVICES, INC.
    Similarity Rank: 4814
    Renasant Bank
    Similarity Rank: 5544
    The Federal Savings Bank
    Similarity Rank: 6192
    ATLANTIC BAY MORTGAGE GROUP, L.L.C.
    Similarity Rank: 6420

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 286 $50,400,000 $176,224 $0 0.00%
    VA 1 $125,000 $125,000 $0 0.00%

    For 2019, National Bankshares's most frequently originated type of loan was Conventional, with 286 originations. Their 2nd most popular type was VA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 171 $31,225,000 $182,602 $0 0.00%
    Refi 58 $11,350,000 $195,690 $0 0.00%
    Cash Out Refi 23 $4,565,000 $198,478 $0 0.00%
    Other 20 $1,950,000 $97,500 $0 0.00%
    Home Improvement 15 $1,435,000 $95,667 $0 0.00%

    For 2019, National Bankshares's most frequently cited loan purpose was Home Purchase, with 171 originations. The 2nd most popular reason was Refi, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 287 $50,525,000 $176,045 $0 0.00%

    For 2019, National Bankshares's most frequently cited loan duration was Other, with 287 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 110 $6,700,000 $60,909 $0 0.00%
    $100k-200k 79 $11,605,000 $146,899 $0 0.00%
    $200k-400k 77 $21,455,000 $278,636 $0 0.00%
    $400k-600k 17 $7,785,000 $457,941 $0 0.00%
    $600k-1MM 4 $2,980,000 $745,000 $0 0.00%

    2019 saw National Bankshares place emphasis on $100,000 or less loans with 110 originations, totaling $6,700,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 57 $12,715,000 $223,070 $0 0.00%
    $50k-75k 50 $5,850,000 $117,000 $0 0.00%
    $50k or less 50 $3,970,000 $79,400 $0 0.00%
    $75k-100k 33 $5,985,000 $181,364 $0 0.00%
    $150k-250k 31 $6,425,000 $207,258 $0 0.00%
    $250k+ 16 $5,520,000 $345,000 $0 0.00%

    National Bankshares lent most frequently to those with incomes in the $100k-150k range, with 57 originations. The second most popular income band? $50k-75k, with 50 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 287 $50,525,000 $176,045 $0 0.00%

    National Bankshares lent most frequently to those with DTI ratios of Exempt%, with 287 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 217 $37,475,000 $172,696 $0 0.00%
    Not applicable 49 $9,755,000 $199,082 $0 0.00%
    Not provided 10 $1,700,000 $170,000 $0 0.00%
    Asian 7 $1,075,000 $153,571 $0 0.00%
    Black 4 $520,000 $130,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.81%

    National Bankshares has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.79%

    National Bankshares has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 287 $50,525,000 $176,045

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $25,000 $25,000
    Multifamily:Site-Built 11 $4,415,000 $401,364
    Single Family (1-4 Units):Manufactured 23 $1,255,000 $54,565
    Single Family (1-4 Units):Site-Built 252 $44,830,000 $177,897

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    National Asset Direct, Inc. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    National Asset Direct, Inc. FHA mortgage Closing on a mortgage 1 50.0%

    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 $201,692
    The National Bank of Blacksburg 101 Hubbard Street Blacksburg, VA 24060 Full Service B&M $48,882
    The National Bank of Blacksburg 102 Wall Street Sw Abingdon, VA 24210 Full Service B&M $13,130
    The National Bank of Blacksburg 115 Shire Lane North Tazewell, VA 24630 Full Service B&M $24,432
    The National Bank of Blacksburg 1155 Claypool Hill Mall Rd. Cedar Bluff, VA 24609 Full Service B&M $15,210
    The National Bank of Blacksburg 120 Peppers Ferry Road, N.E. Christiansburg, VA 24073 Full Service B&M $53,330
    The National Bank of Blacksburg 144 Main Street Tazewell, VA 24651 Full Service B&M $51,857
    The National Bank of Blacksburg 185 E. Main Street Wytheville, VA 24382 Full Service B&M $102,987
    The National Bank of Blacksburg 1905 Front St. Richlands, VA 24641 Full Service B&M $16,091
    The National Bank of Blacksburg 196 Market Street North Tazewell, VA 24630 Full Service B&M $11,539
    The National Bank of Blacksburg 2001 Norwood Street Radford, VA 24143 Full Service B&M $33,950
    The National Bank of Blacksburg 201 Main Street Pearisburg, VA 24134 Full Service B&M $50,316
    The National Bank of Blacksburg 2070 Leatherwood Lane Bluefield, VA 24605 Full Service B&M $25,298
    The National Bank of Blacksburg 2280 Kraft Drive, Suite 1000 Blacksburg, VA 24060 Full Service B&M $7,406
    The National Bank of Blacksburg 250 N Washington Avenue Pulaski, VA 24301 Full Service B&M $19,057
    The National Bank of Blacksburg 3600 South Main Street Blacksburg, VA 24060 Full Service B&M $29,200
    The National Bank of Blacksburg 370 Virginia Avenue Rich Creek, VA 24147 Full Service B&M $17,720
    The National Bank of Blacksburg 46 North Franklin Street Christiansburg, VA 24073 Full Service B&M $50,419
    The National Bank of Blacksburg 506 East Stuart Drive Galax, VA 24333 Full Service B&M $20,043
    The National Bank of Blacksburg 511 Virginia Avenue Bluefield, VA 24605 Full Service B&M $55,056
    The National Bank of Blacksburg 611 Snidow Street Pembroke, VA 24136 Full Service B&M $29,599
    The National Bank of Blacksburg 900 Hethwood Boulevard Blacksburg, VA 24060 Full Service B&M $44,161
    The National Bank of Blacksburg 900 Memorial Drive Pulaski, VA 24301 Full Service B&M $75,406
    The National Bank of Blacksburg 900 North Main Street Blacksburg, VA 24060 Full Service B&M $38,400
    The National Bank of Blacksburg U.S.Route 11 Dublin, VA 24084 Full Service B&M $34,759

    For 2019, National Bankshares had 25 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $45,129
    Net interest income $37,749
    Total noninterest income $8,937
    Gross Fiduciary activities income $1,623
    Service charges on deposit accounts $2,262
    Trading account gains and fees $0
    Additional Noninterest Income $5,052
    Pre-tax net operating income $20,871
    Securities gains (or losses, -) $566
    Income before extraordinary items $18,011
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $18,011
    Minority interest net income $0
    Net income $18,011
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $17,535

    National Bankshares's gross interest income from loans was $45,129,000.
    National Bankshares's net interest income from loans was $37,749,000.
    National Bankshares's fee based income from loans was $2,262,000.
    National Bankshares's net income from loans was $18,011,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,380
    Provision for credit losses $126
    Total noninterest expense $25,689
    Salaries and employee benefits $14,884
    Premises and equipment expense $2,067
    Additional noninterest expense $8,738
    Applicable income taxes $3,426
    Net charge-offs $653
    Cash dividends $28,557

    National Bankshares's interest expense for loans was $7,380,000.
    National Bankshares's payroll and benefits expense were $14,884,000.
    National Bankshares's property, plant and equipment expenses $2,067,000.

    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 1.0%
    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 $1,119,961
    Deposits held in domestic offices $1,119,961
    Deposits by Individuals, partnerships, and corporations $874,183
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $245,711
    Deposits by Commercial banks and other depository institutions in U.S. $65
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $128,112
    Demand deposits $61,088
    Nontransaction accounts $991,849
    Money market deposit accounts (MMDAs) $195,148
    Other savings deposits (excluding MMDAs) $668,673
    Total time deposits $128,028
    Total time and savings deposits $1,058,873
    Noninterest-bearing deposits $202,074
    Interest-bearing deposits $917,887
    Retail deposits $1,097,799
    IRAs and Keogh plan accounts $34,207
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,318,594
    Cash & Balances due from depository institutions $86,548
    Interest-bearing balances $76,258
    Total securities $435,263
    Federal funds sold & reverse repurchase $0
    Net loans and leases $727,493
    Loan and leases loss allowance $6,863
    Trading account assets $0
    Bank premises and fixed assets $8,844
    Other real estate owned $1,612
    Goodwill and other intangibles $8,125
    All other assets $50,709

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,318,594
    Total Liabilities $1,137,062
    Total deposits $1,119,961
    Interest-bearing deposits $917,887
    Deposits held in domestic offices $1,119,961
    % insured (estimated) $64
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $17,101

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $727,493
    Loan and leases loss allowance $6,863
    Total loans and leases (domestic) $734,356
    All real estate loans $589,724
    Real estate loans in domestic offices $589,724
    Construction and development loans $42,276
    Residential 1-4 family construction $7,590
    Other construction, all land development and other land $34,686
    Loans secured by nonfarm nonresidential properties $272,457
    Nonfarm nonresidential secured by owner-occupied properties $124,470
    Commercial real estate & other non-farm, non-residential $147,987
    Multifamily residential real estate $88,260
    1-4 family residential loans $182,221
    Farmland loans $4,510
    Loans held in foreign offices $0
    Farm loans $2,951
    Commercial and industrial loans $43,661
    To non-U.S. addressees $0
    Loans to individuals $34,231
    Credit card loans $5,712
    Related Plans $74
    Consumer Auto Loans $14,722
    Other loans to individuals $13,723
    All other loans & leases $63,789
    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 $1,726
    Non 1-4 family restructured loans & leases $1,300
    Total loans and leases (foreign) $0

    NATIONAL BANKSHARES had $727,493,000 of loans outstanding in 2019. $589,724,000 of loans were in real estate loans. $42,276,000 of loans were in development loans. $88,260,000 of loans were in multifamily mortgage loans. $182,221,000 of loans were in 1-4 family mortgage loans. $2,951,000 of loans were in farm loans. $5,712,000 of loans were in credit card loans. $14,722,000 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 504 $88,979 $176,546
    Nonfarm, nonresidential loans - <$100k 171 $7,255 $42,427
    Nonfarm, nonresidential loans - $100-250k 146 $17,559 $120,267
    Nonfarm, nonresidential loans - $250k-1MM 187 $64,165 $343,128
    Commercial & Industrial, US addressed loans - <$1MM 527 $27,458 $52,102
    Commercial & Industrial, US addressed loans - <$100k 439 $11,184 $25,476
    Commercial & Industrial, US addressed loans - $100-250k 62 $6,661 $107,435
    Commercial & Industrial, US addressed loans - $250k-1MM 26 $9,613 $369,731
    Farmland loans - <$1MM 7 $914 $130,571
    Farmland loans - <$100k 3 $88 $29,333
    Farmland loans - $100-250k 2 $283 $141,500
    Farmland loans - $250k-1MM 2 $543 $271,500
    Agriculture operations loans - <$1MM 40 $1,423 $35,575
    Agriculture operations loans - <$100k 35 $738 $21,086
    Agriculture operations loans - $100-250k 2 $19 $9,500
    Agriculture operations loans - $250k-1MM 3 $666 $222,000