Nextier Bank National Association Mortgage Rates, Fees & Info

Kittanning, PA

LEI: 549300TFEH2N4OKL5136

Tax ID: 25-0660700

2.2 stars - out of 5 stars, based on 21 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Nextier Bank National Association is a smaller bank specializing in Home Purchase and Refi loans. Nextier Bank National Association has a high proportion of conventional loans. Their top markets include Pittsburgh, York, Harrisburg, Dubois, and Youngstown among others. Nextier Bank National Association has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Nextier Bank National Association is typically an average fee lendor.


Originations

456

Origination Dollar Volume (All Markets)

$133,410,000

Employee count

262

Relative Rate

Nextier Bank National Association's average 30 year fixed rate mortgage of loans were 4.04%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.89%.

Relative Fees

Nextier Bank National Association's average total fees for a 30 year fixed rate mortgage are $4,831.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
PITTSBURGH, PA (FHA|USDA|VA) 379 $103,155,000 $272,177 $4,077 3.97%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $12,005,000 $12,005,000 $0 3.45%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 12 $6,960,000 $580,000 $6,664 3.57%
DuBois, PA (FHA|USDA|VA) 20 $3,110,000 $155,500 $2,959 3.64%
Outside of Metro Areas 18 $2,240,000 $124,444 $3,245 3.86%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 7 $1,185,000 $169,286 $3,859 4.12%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $1,135,000 $1,135,000 $8,194 2.99%
Indiana, PA (FHA|USDA|VA) 6 $910,000 $151,667 $4,202 4.02%
New Castle, PA (FHA|USDA|VA) 4 $760,000 $190,000 $5,708 3.96%
ERIE, PA (FHA|USDA|VA) 2 $460,000 $230,000 $4,875 3.94%
Oil City, PA (FHA|USDA|VA) 2 $440,000 $220,000 $8,163 4.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $405,000 $405,000 $0 4.14%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $305,000 $305,000 $2,815 3.63%
JOHNSTOWN, PA (FHA|USDA|VA) 1 $235,000 $235,000 $4,537 4.24%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $105,000 $105,000 $2,899 3.79%

Nextier Bank National Association's top markets include Pittsburgh, York, Harrisburg, Dubois, and Youngstown among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 456 $133,410,000 $292,566 $4,073 3.94%

For the 2021 period, Nextier Bank National Association's most frequently originated loan type of loans were Conventional, with 456 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 265 $73,195,000 $276,208 $5,766 4.01%
Refi 153 $56,275,000 $367,810 $2,191 3.82%
Home Improvement 24 $2,130,000 $88,750 $1,230 3.94%
Other 14 $1,810,000 $129,286 $1,097 4.03%

For the 2021, Nextier Bank National Association's most frequently cited loan purpose of loans were Home Purchase, with 265 originations. The 2nd most popular reason of loans were Refi, with 153 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
20 Year 132 $47,840,000 $362,424 $794 3.89%
30 Year 113 $24,915,000 $220,487 $4,831 4.04%
30+ year 79 $24,015,000 $303,987 $6,795 4.00%
15 Year 56 $9,140,000 $163,214 $1,928 3.98%
Other 36 $20,350,000 $565,278 $4,870 3.80%
10 Year 34 $6,930,000 $203,824 $892 3.86%
5 Year 5 $175,000 $35,000 $297 3.60%
1 Year 1 $45,000 $45,000 $0 3.09%

For the 2021, Nextier Bank National Association's most frequently cited loan length of loans were 20 Year, with 132 originations. The 2nd most popular length of loans were 30 Year, with 113 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 207 $42,285,000 $204,275
$3k-4k 34 $7,250,000 $213,235
$2k-3k 27 $4,075,000 $150,926
$1k-2k 16 $1,450,000 $90,625
$5k+ 16 $8,490,000 $530,625

$4,831 of loans were Nextier Bank National Association's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 207 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 303 $97,525,000 $321,865
4-5% 131 $25,125,000 $191,794
2.5-3% 9 $7,835,000 $870,556
5-6% 7 $465,000 $66,429
6-7% 4 $270,000 $67,500
<2.5% 1 $2,085,000 $2,085,000

During 2021, Nextier Bank National Association's average interest rate of loans were 4.04%, while their most frequently originated rate bucket of loans were 3-4%, with 303 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 172 $24,740,000 $143,837 $3,515 3.97%
$100,000 or less 126 $7,830,000 $62,143 $1,606 4.06%
$200k-400k 87 $23,095,000 $265,460 $6,059 3.95%
$600k-1MM 27 $20,115,000 $745,000 $8,842 3.77%
$1MM+ 23 $47,445,000 $2,062,826 $15,202 3.43%
$400k-600k 21 $10,185,000 $485,000 $7,163 3.77%

2021 saw Nextier Bank National Association place emphasis on $100k-200k loans with 172 originations, totaling $24,740,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 73 $9,825,000 $134,589 $3,254 3.96%
$75k-100k 60 $9,310,000 $155,167 $4,243 4.05%
$100k-150k 57 $10,605,000 $186,053 $3,560 3.99%
$50k or less 49 $4,075,000 $83,163 $2,653 3.98%
$250k+ 37 $22,715,000 $613,919 $8,405 3.77%
$150k-250k 36 $8,830,000 $245,278 $4,615 3.84%

Nextier Bank National Association lent most frequently to those with incomes in the $50k-75k range, with 73 originations. The second most popular income band? $75k-100k, with 60 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 92 $17,330,000 $188,370 $4,052 3.94%
30-36% 66 $11,680,000 $176,970 $3,706 3.98%
<20% 37 $7,525,000 $203,378 $3,265 3.85%
42% 16 $4,160,000 $260,000 $3,605 4.05%
39% 15 $2,395,000 $159,667 $2,642 4.18%
41% 14 $1,720,000 $122,857 $2,946 4.07%
37% 12 $2,320,000 $193,333 $3,570 4.07%
40% 11 $3,045,000 $276,818 $6,412 3.96%
36% 10 $2,790,000 $279,000 $5,699 3.85%
38% 10 $2,510,000 $251,000 $5,532 3.90%
43% 7 $4,295,000 $613,571 $10,900 4.16%
>60% 4 $1,950,000 $487,500 $4,693 3.78%
45% 3 $675,000 $225,000 $2,899 3.97%
50-60% 2 $850,000 $425,000 $2,110 3.62%
47% 2 $640,000 $320,000 $11,423 4.06%

Nextier Bank National Association lent most frequently to those with DTI ratios of 20-30%, with 92 originations. The next most common DTI ratio? 30-36%, with 66 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 308 $64,100,000 $208,117 $3,908 3.96%
Not applicable 132 $63,790,000 $483,258 $0 3.91%
Not provided 9 $4,645,000 $516,111 $9,387 3.88%
Black 4 $520,000 $130,000 $5,019 4.06%
Asian 3 $355,000 $118,333 $4,652 3.78%

Approval Rates

Total approvals of all applications
87.04%

Nextier Bank National Association has an average approval rate.

Pick Rate

Approvals leading to origination
83.03%

Nextier Bank National Association has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 456 $133,410,000 $292,566

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
456 $133,410,000 $292,566

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 35 $3,565,000 $101,857 $787 4.35%
40-60% 52 $12,880,000 $247,692 $2,461 3.88%
60-80% 183 $55,335,000 $302,377 $3,992 3.84%
80-100% 170 $61,090,000 $359,353 $5,664 3.97%
Under 20% 15 $485,000 $32,333 $302 3.96%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Nextier Bank, National Association 100 Moraine Point Plaza Butler, PA 16001 Full Service B&M $75,907
Nextier Bank, National Association 226 Main Street Irwin, PA 15642 Full Service B&M $7,964
Nextier Bank, National Association 226 South Main Street Zelienople, PA 16063 Full Service B&M $117,332
Nextier Bank, National Association 236 Fifth Street Freeport, PA 16229 Full Service B&M $14,487
Nextier Bank, National Association 238 East Main Street Evans City, PA 16033 Full Service B&M $39,762
Nextier Bank, National Association 316 First Avenue Suite 101 West Kittanning, PA 16201 Full Service B&M $38,073
Nextier Bank, National Association 322 Ford St. Ford City, PA 16226 Full Service B&M $7,176
Nextier Bank, National Association 333 Main Street Suite 100 Saxonburg, PA 16056 Full Service B&M $43,644
Nextier Bank, National Association 3455 Forbes Ave Pittsburgh, PA 15213 Full Service B&M $78,790
Nextier Bank, National Association 4 Hilltop Plaza Kittanning, PA 16201 Full Service B&M $15,010
Nextier Bank, National Association 409 Butler Road Kittanning, PA 16201 Full Service B&M $38,544
Nextier Bank, National Association 4231 Trindle Road Camp Hill, PA 17011 Full Service B&M $20,114
Nextier Bank, National Association 522 Liberty Blvd. Dubois, PA 15801 Full Service B&M $58,799
Nextier Bank, National Association 100 Vip Drive, Suite 108 Wexford, PA 15090 Full Service B&M $24,542
Nextier Bank, National Association 101 East Diamond Street Butler, PA 16001 Full Service B&M $107,155
Nextier Bank, National Association 101 Northtowne Drive Gibsonia, PA 15044 Full Service B&M $34,956
Nextier Bank, National Association 102 South Wayne Avenue Parker, PA 16049 Full Service B&M $24,902
Nextier Bank, National Association 105 Burton Dr Kittanning, PA 16201 Full Service B&M $28,278
Nextier Bank, National Association 121 South Main Street Slippery Rock, PA 16057 Full Service B&M $25,723
Nextier Bank, National Association 15104 Us Rt 422 Worthington, PA 16262 Full Service B&M $38,992
Nextier Bank, National Association 160 Market Street Leechburg, PA 15656 Full Service B&M $16,140
Nextier Bank, National Association 1626 Babcock Blvd. Pittsburgh, PA 15209 Full Service B&M $25,360
Nextier Bank, National Association 196 Clearview Circle Butler, PA 16001 Full Service B&M $46,529
Nextier Bank, National Association 20249 Route 19 Cranberry Township, PA 16066 Full Service B&M $65,727
Nextier Bank, National Association 222 Market Street Kittanning, PA 16201 Full Service B&M $301,278
Nextier Bank, National Association 83 Race Street, P.O. Box 627 Manor, PA 15665 Full Service B&M $38,846
Nextier Bank, National Association Lewis And Hansen Avenues Lyndora, PA 16045 Full Service B&M $98,780
Nextier Bank, National Association Route 19 And Bonnieview Drive Wexford, PA 15090 Full Service B&M $28,902
Nextier Bank, National Association State Road 68 And Byrnes Street Chicora, PA 16025 Full Service B&M $83,401
Nextier Bank, National Association 100 South Argyle Street Petrolia, PA 16050 Full Service B&M $12,674

For 2021, Nextier Bank National Association had 30 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $53,370
Net interest income $48,606
Total noninterest income $11,369
Gross Fiduciary activities income $0
Service charges on deposit accounts $1,397
Trading account gains and fees $0
Additional Noninterest Income $9,972
Pre-tax net operating income $21,166
Securities gains (or losses, -) $14
Income before extraordinary items $17,321
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $17,321
Minority interest net income $0
Net income $17,321
Sale, conversion, retirement of capital stock, net $0
Net operating income $17,309

Nextier Bank National Association's gross interest income from loans was $53,370,000.
Nextier Bank National Association's net interest income from loans was $48,606,000.
Nextier Bank National Association's fee based income from loans was $1,397,000.
Nextier Bank National Association's net income from loans was $17,321,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $4,764
Provision for credit losses $1,885
Total noninterest expense $36,924
Salaries and employee benefits $20,257
Premises and equipment expense $3,638
Additional noninterest expense $13,029
Applicable income taxes $3,859
Net charge-offs $-85
Cash dividends $1,000

Nextier Bank National Association's interest expense for loans was $4,764,000.
Nextier Bank National Association's payroll and benefits expense were $20,257,000.
Nextier Bank National Association's property, plant and equipment expenses $3,638,000.

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 $1,729,447
Deposits held in domestic offices $1,729,447
Deposits by Individuals, partnerships, and corporations $1,311,413
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $416,107
Deposits by Commercial banks and other depository institutions in U.S. $1,927
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $147,578
Demand deposits $77,444
Nontransaction accounts $1,581,869
Money market deposit accounts (MMDAs) $222,928
Other savings deposits (excluding MMDAs) $1,188,017
Total time deposits $170,923
Total time and savings deposits $1,652,003
Noninterest-bearing deposits $402,055
Interest-bearing deposits $1,327,392
Retail deposits $1,651,275
IRAs and Keogh plan accounts $20,305
Brokered deposits $25,000
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,912,495
Cash & Balances due from depository institutions $87,724
Interest-bearing balances $69,537
Total securities $333,453
Federal funds sold & reverse repurchase $0
Net loans and leases $1,393,782
Loan and leases loss allowance $13,361
Trading account assets $0
Bank premises and fixed assets $31,688
Other real estate owned $126
Goodwill and other intangibles $9,907
All other assets $55,815

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,912,495
Total Liabilities $1,736,223
Total deposits $1,729,447
Interest-bearing deposits $1,327,392
Deposits held in domestic offices $1,729,447
% insured (estimated) $50
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $6,776

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,393,782
Loan and leases loss allowance $13,361
Total loans and leases (domestic) $1,407,143
All real estate loans $1,079,703
Real estate loans in domestic offices $1,079,703
Construction and development loans $84,730
Residential 1-4 family construction $13,659
Other construction, all land development and other land $71,071
Loans secured by nonfarm nonresidential properties $478,971
Nonfarm nonresidential secured by owner-occupied properties $118,439
Commercial real estate & other non-farm, non-residential $360,532
Multifamily residential real estate $113,291
1-4 family residential loans $399,055
Farmland loans $3,656
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $123,074
To non-U.S. addressees $0
Loans to individuals $154,266
Credit card loans $0
Related Plans $2,780
Consumer Auto Loans $873
Other loans to individuals $150,613
All other loans & leases $50,100
Loans to foreign governments and official institutions $0
Other loans $84
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 $922
Non 1-4 family restructured loans & leases $438
Total loans and leases (foreign) $0

NEXTIER BANK NATIONAL ASSOCIATION had $1,393,782,000 of loans outstanding in 2021. $1,079,703,000 of loans were in real estate loans. $84,730,000 of loans were in development loans. $113,291,000 of loans were in multifamily mortgage loans. $399,055,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $873,000 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 517 $110,495 $213,723
Nonfarm, nonresidential loans - <$100k 120 $4,096 $34,133
Nonfarm, nonresidential loans - $100-250k 170 $19,873 $116,900
Nonfarm, nonresidential loans - $250k-1MM 227 $86,526 $381,172
Commercial & Industrial, US addressed loans - <$1MM 885 $52,823 $59,687
Commercial & Industrial, US addressed loans - <$100k 624 $10,293 $16,495
Commercial & Industrial, US addressed loans - $100-250k 108 $10,201 $94,454
Commercial & Industrial, US addressed loans - $250k-1MM 153 $32,329 $211,301
Farmland loans - <$1MM 2 $256 $128,000
Farmland loans - $100-250k 1 $14 $14,000
Farmland loans - $250k-1MM 1 $242 $242,000