Nbh Bank

Greenwood Village, CO 80111

LEI: 549300T7AIY7RU1YDP31

Tax ID: 51-0678201

2019 Data | 2018 Data


Overview

Nbh Bank is a small mortgage company specializing in Home Purchase and Refi loans. Nbh Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Colorado Springs, Denver, Salt Lake City, Kansas City, and Greeley among others. They have an average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Nbh Bank is typically a low fee medium-low fee lendor.


Originations

5,844

Origination Dollar Volume (All Markets)

$1,546,810,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 4,362 $1,098,400,000 $251,811
FHA 458 $103,200,000 $225,328
VA 969 $334,395,000 $345,093
USDA 55 $10,815,000 $196,636

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason Originations Total Value Average Loan
Home Purchase 3,128 $909,390,000 $290,726
Home Improvement 294 $19,770,000 $67,245
Other 243 $18,215,000 $74,959
Refi 1,463 $405,715,000 $277,317
Cash Out Refi 716 $193,720,000 $270,559

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market Originations Total Value Average Loan
COLORADO SPRINGS, CO 1,663 $496,895,000 $298,794
DENVER-AURORA-LAKEWOOD, CO 1,065 $348,435,000 $327,169
Outside of Metro Areas 829 $154,855,000 $186,797
SALT LAKE CITY, UT 360 $132,050,000 $366,806
KANSAS CITY, MO-KS 789 $115,705,000 $146,648
GREELEY, CO 143 $33,495,000 $234,231
LAWRENCE, KS 168 $32,690,000 $194,583
PROVO-OREM, UT 90 $28,260,000 $314,000
FORT COLLINS, CO 71 $19,715,000 $277,676
OGDEN-CLEARFIELD, UT 68 $17,530,000 $257,794
BOULDER, CO 47 $16,755,000 $356,489
WICHITA, KS 6 $12,880,000 $2,146,667
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 28 $9,610,000 $343,214
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 15 $9,095,000 $606,333
PUEBLO, CO 47 $9,085,000 $193,298
ST. JOSEPH, MO-KS 73 $7,245,000 $99,247
BAKERSFIELD, CA 28 $6,880,000 $245,714
ST. LOUIS, MO-IL 37 $6,505,000 $175,811
PHOENIX-MESA-CHANDLER, AZ 20 $5,930,000 $296,500
TOPEKA, KS 13 $5,265,000 $405,000
ST. GEORGE, UT 12 $3,430,000 $285,833
LAS VEGAS-HENDERSON-PARADISE, NV 12 $3,270,000 $272,500
ALBUQUERQUE, NM 12 $2,550,000 $212,500
LOGAN, UT-ID 9 $2,345,000 $260,556
AUSTIN-ROUND ROCK-GEORGETOWN, TX 8 $2,120,000 $265,000
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 6 $2,020,000 $336,667
BEND, OR 5 $1,925,000 $385,000
SAN ANTONIO-NEW BRAUNFELS, TX 7 $1,915,000 $273,571
HANFORD-CORCORAN, CA 5 $1,755,000 $351,000
GRAND JUNCTION, CO 9 $1,705,000 $189,444
BOISE CITY, ID 5 $1,665,000 $333,000
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 5 $1,655,000 $331,000
MEMPHIS, TN-MS-AR 4 $1,650,000 $412,500
JACKSONVILLE, FL 6 $1,610,000 $268,333
PENSACOLA-FERRY PASS-BRENT, FL 6 $1,540,000 $256,667
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 5 $1,505,000 $301,000
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 2 $1,370,000 $685,000
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 4 $1,280,000 $320,000
OLYMPIA-LACEY-TUMWATER, WA 4 $1,280,000 $320,000
SEATTLE-BELLEVUE-KENT, WA 3 $1,275,000 $425,000
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 4 $1,220,000 $305,000
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 3 $1,215,000 $405,000
DALLAS-PLANO-IRVING, TX 4 $1,190,000 $297,500
ORLANDO-KISSIMMEE-SANFORD, FL 4 $1,110,000 $277,500
SAN RAFAEL, CA 1 $1,005,000 $1,005,000
SACRAMENTO-ROSEVILLE-FOLSOM, CA 3 $1,005,000 $335,000
CHARLOTTE-CONCORD-GASTONIA, NC-SC 3 $975,000 $325,000
SPOKANE-SPOKANE VALLEY, WA 4 $960,000 $240,000
WILMINGTON, NC 3 $905,000 $301,667
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 3 $875,000 $291,667
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 3 $865,000 $288,333
ANAHEIM-SANTA ANA-IRVINE, CA 2 $800,000 $400,000
TACOMA-LAKEWOOD, WA 2 $780,000 $390,000
COEUR D'ALENE, ID 2 $750,000 $375,000
URBAN HONOLULU, HI 1 $715,000 $715,000
OKLAHOMA CITY, OK 1 $705,000 $705,000
TAMPA-ST. PETERSBURG-CLEARWATER, FL 2 $680,000 $340,000
DURHAM-CHAPEL HILL, NC 2 $650,000 $325,000
SALINAS, CA 1 $645,000 $645,000
CHARLESTON-NORTH CHARLESTON, SC 1 $625,000 $625,000
NEW BRUNSWICK-LAKEWOOD, NJ 1 $615,000 $615,000
CHEYENNE, WY 3 $585,000 $195,000
CINCINNATI, OH-KY-IN 2 $540,000 $270,000
LOS ANGELES-LONG BEACH-GLENDALE, CA 2 $540,000 $270,000
WARREN-TROY-FARMINGTON HILLS, MI 2 $520,000 $260,000
DAYTON-KETTERING, OH 4 $500,000 $125,000
POCATELLO, ID 2 $490,000 $245,000
INDIANAPOLIS-CARMEL-ANDERSON, IN 3 $465,000 $155,000
MODESTO, CA 1 $465,000 $465,000
PORTLAND-SOUTH PORTLAND, ME 2 $460,000 $230,000
OMAHA-COUNCIL BLUFFS, NE-IA 2 $450,000 $225,000
MIDLAND, MI 1 $445,000 $445,000
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 1 $435,000 $435,000
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 1 $395,000 $395,000
MILWAUKEE-WAUKESHA, WI 2 $380,000 $190,000
SPARTANBURG, SC 1 $375,000 $375,000
MOUNT VERNON-ANACORTES, WA 1 $375,000 $375,000
BILLINGS, MT 1 $375,000 $375,000
SUMTER, SC 1 $365,000 $365,000
COLLEGE STATION-BRYAN, TX 1 $355,000 $355,000
CHICO, CA 1 $355,000 $355,000
FORT WORTH-ARLINGTON-GRAPEVINE, TX 2 $350,000 $175,000
OCALA, FL 2 $350,000 $175,000
EUGENE-SPRINGFIELD, OR 2 $340,000 $170,000
MANHATTAN, KS 2 $340,000 $170,000
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 1 $335,000 $335,000
BRIDGEPORT-STAMFORD-NORWALK, CT 1 $335,000 $335,000
NAPLES-MARCO ISLAND, FL 1 $325,000 $325,000
CORVALLIS, OR 1 $325,000 $325,000
SPRINGFIELD, MO 2 $320,000 $160,000
SIOUX FALLS, SD 2 $320,000 $160,000
FLAGSTAFF, AZ 1 $315,000 $315,000
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 2 $310,000 $155,000
RALEIGH-CARY, NC 1 $305,000 $305,000
YUBA CITY, CA 1 $305,000 $305,000
ABILENE, TX 2 $300,000 $150,000
SAVANNAH, GA 1 $295,000 $295,000
KILLEEN-TEMPLE, TX 2 $290,000 $145,000
LONGVIEW, WA 1 $275,000 $275,000
GREAT FALLS, MT 1 $275,000 $275,000
LEWISTON-AUBURN, ME 1 $265,000 $265,000
FRESNO, CA 1 $265,000 $265,000
SPRINGFIELD, MA 1 $255,000 $255,000
THE VILLAGES, FL 1 $245,000 $245,000
CASPER, WY 1 $245,000 $245,000
GREENSBORO-HIGH POINT, NC 1 $245,000 $245,000
GREENVILLE-ANDERSON, SC 1 $245,000 $245,000
ENID, OK 1 $235,000 $235,000
LAS CRUCES, NM 3 $235,000 $78,333
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 1 $225,000 $225,000
DAPHNE-FAIRHOPE-FOLEY, AL 1 $215,000 $215,000
ATLANTIC CITY-HAMMONTON, NJ 1 $215,000 $215,000
RICHMOND, VA 1 $205,000 $205,000
ELGIN, IL 1 $205,000 $205,000
CLARKSVILLE, TN-KY 1 $205,000 $205,000
IDAHO FALLS, ID 1 $205,000 $205,000
CARSON CITY, NV 1 $195,000 $195,000
AUGUSTA-RICHMOND COUNTY, GA-SC 1 $185,000 $185,000
GLENS FALLS, NY 1 $185,000 $185,000
LAFAYETTE-WEST LAFAYETTE, IN 1 $175,000 $175,000
PHILADELPHIA, PA 1 $175,000 $175,000
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 1 $165,000 $165,000
TULSA, OK 1 $165,000 $165,000
TUCSON, AZ 1 $155,000 $155,000
HUNTSVILLE, AL 1 $155,000 $155,000
LINCOLN, NE 1 $145,000 $145,000
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 1 $145,000 $145,000
TWIN FALLS, ID 1 $135,000 $135,000
PORT ST. LUCIE, FL 1 $135,000 $135,000
FAYETTEVILLE, NC 1 $135,000 $135,000
LAWTON, OK 1 $135,000 $135,000
GRAND RAPIDS-KENTWOOD, MI 1 $125,000 $125,000
BELLINGHAM, WA 1 $105,000 $105,000
CORPUS CHRISTI, TX 1 $105,000 $105,000
RENO, NV 1 $85,000 $85,000
WHEELING, WV-OH 1 $85,000 $85,000
BIRMINGHAM-HOOVER, AL 1 $65,000 $65,000
JOHNSON CITY, TN 1 $65,000 $65,000
FARMINGTON, NM 1 $55,000 $55,000
GREEN BAY, WI 1 $55,000 $55,000
LUBBOCK, TX 1 $55,000 $55,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate Originations Total Value Average Loan
2.5-3% 13 $4,915,000 $378,077
3-4% 2,656 $802,210,000 $302,037
4-5% 2,272 $619,770,000 $272,786
5-6% 726 $101,250,000 $139,463
6-7% 152 $15,580,000 $102,500
7-8% 25 $3,085,000 $123,400

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 992 $54,030,000 $54,466
$100k-200k 1,226 $183,060,000 $149,315
$200k-400k 2,626 $764,240,000 $291,028
$400k-600k 851 $396,195,000 $465,564
$600k-1000k 130 $91,740,000 $705,692
$Over $1MM 19 $57,545,000 $3,028,684

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value Originations Total Value Average Loan
20-40% 409 $52,255,000 $127,763
40-60% 481 $112,135,000 $233,129
60-80% 1,641 $523,425,000 $318,967
80-100% 2,650 $774,770,000 $292,366
Over 100% 181 $59,915,000 $331,022
Under 20% 479 $22,635,000 $47,255

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income Originations Total Value Average Loan
$100k-150k 1,182 $336,500,000 $284,687
$150k-250k 763 $263,085,000 $344,803
$50k-75k 1,312 $271,550,000 $206,974
$50k-or less 776 $101,610,000 $130,941
$75k-100k 1,000 $259,340,000 $259,340
$Over $250k 277 $113,435,000 $409,513

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 4,236 $1,074,480,000 $253,654
Not provided 1,246 $335,830,000 $269,526
Black 187 $50,035,000 $267,567
Not applicable 32 $48,130,000 $1,504,063
Asian 108 $29,730,000 $275,278
American Indian 27 $6,215,000 $230,185
Native Hawaiian 5 $1,585,000 $317,000
Asian Indian 1 $435,000 $435,000
Filipino 1 $245,000 $245,000
Japanese 1 $125,000 $125,000

Approval Rates

Total approvals of all applications
89.79%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
65.59%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points Originations Total Value Average Loan
NA 5,844 $1,546,810,000 $264,683

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 2,659 $666,045,000 $250,487
$1k-2k 1,674 $505,380,000 $301,900
$2k-3k 255 $83,035,000 $325,627
$3k-4k 230 $83,510,000 $363,087
$5k+ 75 $38,935,000 $519,133

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Multifamily:Manufactured 2 $140,000 $70,000
Multifamily:Site-Built 12 $43,540,000 $3,628,333
Single Family (1-4 Units):Manufactured 50 $5,560,000 $111,200
Single Family (1-4 Units):Site-Built 5,780 $1,497,570,000 $259,095