National Bankshares Mortgage Rates, Fees & Info
BLACKSBURG, VALEI: 549300Q745S62Q6QNW78
Tax ID: 54-0314870
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Bank Data
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, Lynchburg, Kingsport, and Bluefield among others. We have data for 10 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.
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Originations
396Origination Dollar Volume (All Markets)
$109,970,000Employee count
218Top 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) | 285 | $80,225,000 | $281,491 | $0 | 0.00% |
| ROANOKE, VA (FHA|USDA|VA) | 23 | $13,015,000 | $565,870 | $0 | 0.00% |
| Outside of Metro Areas | 49 | $6,425,000 | $131,122 | $0 | 0.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $3,285,000 | $3,285,000 | $0 | 0.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 14 | $2,710,000 | $193,571 | $0 | 0.00% |
| Bluefield, WV-VA (FHA|USDA|VA) | 20 | $2,130,000 | $106,500 | $0 | 0.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $0 | 0.00% |
| Martinsville, VA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 396 | $109,970,000 | $277,702 | $0 | 0.00% |
For 2021, National Bankshares's most frequently originated type of loan was Conventional, with 396 originations.
Loan Reason
For 2021, National Bankshares's most frequently cited loan purpose was Home Purchase, with 197 originations. The 2nd most popular reason was Refi, with 142 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 396 | $109,970,000 | $277,702 | $0 | 0.00% |
For 2021, National Bankshares's most frequently cited loan duration was Other, with 396 originations.
Loan Sizing
2021 saw National Bankshares place emphasis on $100k-200k loans with 137 originations, totaling $19,495,000 in origination value.
Applicant Income
National Bankshares lent most frequently to those with incomes in the $50k-75k range, with 67 originations. The second most popular income band? $50k or less, with 59 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 396 | $109,970,000 | $277,702 | $0 | 0.00% |
National Bankshares lent most frequently to those with DTI ratios of Exempt%, with 396 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.60%
National Bankshares has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination85.86%
National Bankshares has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 396 | $109,970,000 | $277,702 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| NATIONAL ASSET MORTGAGE, LLC | Conventional home mortgage | Struggling to pay mortgage | 2 | 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 | $314,518 |
| The National Bank of Blacksburg | 101 Hubbard Street Blacksburg, VA 24060 | Full Service B&M | $69,384 |
| The National Bank of Blacksburg | 102 Wall Street Sw Abingdon, VA 24210 | Full Service B&M | $15,714 |
| The National Bank of Blacksburg | 115 Shire Lane North Tazewell, VA 24630 | Full Service B&M | $30,593 |
| The National Bank of Blacksburg | 1155 Claypool Hill Mall Rd. Cedar Bluff, VA 24609 | Full Service B&M | $18,052 |
| The National Bank of Blacksburg | 120 Peppers Ferry Road, N.E. Christiansburg, VA 24073 | Full Service B&M | $66,355 |
| The National Bank of Blacksburg | 144 Main Street Tazewell, VA 24651 | Full Service B&M | $69,830 |
| The National Bank of Blacksburg | 185 E. Main Street Wytheville, VA 24382 | Full Service B&M | $122,661 |
| The National Bank of Blacksburg | 1905 Front St. Richlands, VA 24641 | Full Service B&M | $18,727 |
| The National Bank of Blacksburg | 196 Market Street North Tazewell, VA 24630 | Full Service B&M | $16,526 |
| The National Bank of Blacksburg | 2001 Norwood Street Radford, VA 24143 | Full Service B&M | $46,604 |
| The National Bank of Blacksburg | 201 Main Street Pearisburg, VA 24134 | Full Service B&M | $71,219 |
| The National Bank of Blacksburg | 2070 Leatherwood Lane Bluefield, VA 24605 | Full Service B&M | $31,014 |
| The National Bank of Blacksburg | 2280 Kraft Drive, Suite 1000 Blacksburg, VA 24060 | Full Service B&M | $8,413 |
| The National Bank of Blacksburg | 250 N Washington Avenue Pulaski, VA 24301 | Full Service B&M | $30,721 |
| The National Bank of Blacksburg | 3600 South Main Street Blacksburg, VA 24060 | Full Service B&M | $36,865 |
| The National Bank of Blacksburg | 370 Virginia Avenue Rich Creek, VA 24147 | Full Service B&M | $17,537 |
| The National Bank of Blacksburg | 46 North Franklin Street Christiansburg, VA 24073 | Full Service B&M | $71,641 |
| The National Bank of Blacksburg | 506 East Stuart Drive Galax, VA 24333 | Full Service B&M | $35,269 |
| The National Bank of Blacksburg | 511 Virginia Avenue Bluefield, VA 24605 | Full Service B&M | $62,818 |
| The National Bank of Blacksburg | 611 Snidow Street Pembroke, VA 24136 | Full Service B&M | $37,026 |
| The National Bank of Blacksburg | 900 Hethwood Boulevard Blacksburg, VA 24060 | Full Service B&M | $56,918 |
| The National Bank of Blacksburg | 900 Memorial Drive Pulaski, VA 24301 | Full Service B&M | $107,218 |
| The National Bank of Blacksburg | 900 North Main Street Blacksburg, VA 24060 | Full Service B&M | $57,650 |
| The National Bank of Blacksburg | U.S.Route 11 Dublin, VA 24084 | Full Service B&M | $43,382 |
For 2021, National Bankshares had 25 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $44,987 |
| Net interest income | $41,889 |
| Total noninterest income | $9,106 |
| Gross Fiduciary activities income | $1,797 |
| Service charges on deposit accounts | $1,809 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $5,500 |
| Pre-tax net operating income | $25,174 |
| Securities gains (or losses, -) | $6 |
| Income before extraordinary items | $20,707 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $20,707 |
| Minority interest net income | $0 |
| Net income | $20,707 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $20,702 |
National Bankshares's gross interest income from loans was $44,987,000.
National Bankshares's net interest income from loans was $41,889,000.
National Bankshares's fee based income from loans was $1,809,000.
National Bankshares's net income from loans was $20,707,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,098 |
| Provision for credit losses | $-398 |
| Total noninterest expense | $26,219 |
| Salaries and employee benefits | $15,293 |
| Premises and equipment expense | $2,021 |
| Additional noninterest expense | $8,905 |
| Applicable income taxes | $4,473 |
| Net charge-offs | $409 |
| Cash dividends | $14,508 |
National Bankshares's interest expense for loans was $3,098,000.
National Bankshares's payroll and benefits expense were $15,293,000.
National Bankshares's property, plant and equipment expenses $2,021,000.
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 | $1,497,336 |
| Deposits held in domestic offices | $1,497,336 |
| Deposits by Individuals, partnerships, and corporations | $1,146,574 |
| Deposits by U.S. Government | $4 |
| Deposits by States and political subdivisions in the U.S. | $350,305 |
| Deposits by Commercial banks and other depository institutions in U.S. | $453 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $938,307 |
| Demand deposits | $332,682 |
| Nontransaction accounts | $559,029 |
| Money market deposit accounts (MMDAs) | $271,996 |
| Other savings deposits (excluding MMDAs) | $208,065 |
| Total time deposits | $78,968 |
| Total time and savings deposits | $1,164,654 |
| Noninterest-bearing deposits | $320,179 |
| Interest-bearing deposits | $1,177,157 |
| Retail deposits | $1,482,736 |
| IRAs and Keogh plan accounts | $37,225 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,699,084 |
| Cash & Balances due from depository institutions | $138,789 |
| Interest-bearing balances | $130,021 |
| Total securities | $686,080 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $796,189 |
| Loan and leases loss allowance | $7,674 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $11,227 |
| Other real estate owned | $957 |
| Goodwill and other intangibles | $5,848 |
| All other assets | $59,994 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,699,084 |
| Total Liabilities | $1,512,450 |
| Total deposits | $1,497,336 |
| Interest-bearing deposits | $1,177,157 |
| Deposits held in domestic offices | $1,497,336 |
| % insured (estimated) | $60 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $15,114 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $796,189 |
| Loan and leases loss allowance | $7,674 |
| Total loans and leases (domestic) | $803,863 |
| All real estate loans | $663,988 |
| Real estate loans in domestic offices | $663,988 |
| Construction and development loans | $48,752 |
| Residential 1-4 family construction | $9,990 |
| Other construction, all land development and other land | $38,762 |
| Loans secured by nonfarm nonresidential properties | $294,648 |
| Nonfarm nonresidential secured by owner-occupied properties | $123,948 |
| Commercial real estate & other non-farm, non-residential | $170,700 |
| Multifamily residential real estate | $106,612 |
| 1-4 family residential loans | $209,585 |
| Farmland loans | $4,391 |
| Loans held in foreign offices | $0 |
| Farm loans | $2,389 |
| Commercial and industrial loans | $57,849 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $31,712 |
| Credit card loans | $4,531 |
| Related Plans | $50 |
| Consumer Auto Loans | $10,916 |
| Other loans to individuals | $16,215 |
| All other loans & leases | $47,925 |
| 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 | $3,005 |
| Non 1-4 family restructured loans & leases | $2,814 |
| Total loans and leases (foreign) | $0 |
NATIONAL BANKSHARES had $796,189,000 of loans outstanding in 2021. $663,988,000 of loans were in real estate loans. $48,752,000 of loans were in development loans. $106,612,000 of loans were in multifamily mortgage loans. $209,585,000 of loans were in 1-4 family mortgage loans. $2,389,000 of loans were in farm loans. $4,531,000 of loans were in credit card loans. $10,916,000 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 | 446 | $80,312 | $180,072 |
| Nonfarm, nonresidential loans - <$100k | 147 | $5,907 | $40,184 |
| Nonfarm, nonresidential loans - $100-250k | 132 | $16,197 | $122,705 |
| Nonfarm, nonresidential loans - $250k-1MM | 167 | $58,208 | $348,551 |
| Commercial & Industrial, US addressed loans - <$1MM | 423 | $20,873 | $49,345 |
| Commercial & Industrial, US addressed loans - <$100k | 345 | $7,862 | $22,788 |
| Commercial & Industrial, US addressed loans - $100-250k | 57 | $6,611 | $115,982 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 21 | $6,400 | $304,762 |
| Farmland loans - <$1MM | 4 | $553 | $138,250 |
| Farmland loans - <$100k | 1 | $28 | $28,000 |
| Farmland loans - $100-250k | 2 | $253 | $126,500 |
| Farmland loans - $250k-1MM | 1 | $272 | $272,000 |
| Agriculture operations loans - <$1MM | 36 | $1,386 | $38,500 |
| Agriculture operations loans - <$100k | 30 | $819 | $27,300 |
| Agriculture operations loans - $100-250k | 5 | $217 | $43,400 |
| Agriculture operations loans - $250k-1MM | 1 | $350 | $350,000 |