Nextier Bank National Association Mortgage Rates, Fees & Info

Kittanning, PA

LEI: 549300TFEH2N4OKL5136

Tax ID: 25-0660700

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    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 by origination volume include: Pittsburgh, Harrisburg, York, and Dubois among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Nextier Bank National Association has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Nextier Bank National Association is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.99% 11/22/24
    30 Year Conventional Refi 7.04% 11/22/24
    30 Year Cash-out Refi 6.64% 11/22/24
    15 Year Conventional Purchase 6.49% 11/22/24
    15 Year Conventional Refi 6.63% 11/22/24
    15 Year Cash-out Refi 6.63% 11/22/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Nextier Bank National Association Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Nextier Bank National Association. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    527

    Origination Dollar Volume (All Markets)

    $116,965,000

    Employee count

    280

    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
    PITTSBURGH, PA (FHA|USDA|VA) 443 $85,555,000 $193,126 $3,575 4.57%
    Outside of Metro Areas 80 $30,300,000 $378,750 $4,458 4.60%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $570,000 $285,000 $0 4.55%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $455,000 $455,000 $0 3.86%
    DuBois, PA (FHA|USDA|VA) 1 $85,000 $85,000 $2,936 4.74%
    Nextier Bank National Association's top markets include Pittsburgh, Harrisburg, York, and Dubois among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)

    • Similar Lenders

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

    TRI BORO
    Similarity Rank: 70
    American Financial Mortgage Corporation
    Similarity Rank: 172
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 210
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 237
    M. S. Flynn, Inc.
    Similarity Rank: 252
    NEW FED MORTGAGE, CORP.
    Similarity Rank: 328
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 344
    ARMCO CREDIT UNION
    Similarity Rank: 490
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 494
    NEXTIER BANK, NATIONAL ASSOCIATION
    Similarity Rank: 775

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 526 $115,600,000 $219,772 $3,691 4.57%
    HELOC 1 $1,365,000 $1,365,000 n/a 4.00%

    For 2019, Nextier Bank National Association's most frequently originated type of loan was Conventional, with 526 originations. Their 2nd most popular type was HELOC, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 273 $69,215,000 $253,535 $4,839 4.66%
    Refi 183 $42,675,000 $233,197 $3,171 4.45%
    Home Improvement 54 $4,060,000 $75,185 $827 4.63%
    Other 17 $1,015,000 $59,706 $1,136 4.38%

    For 2019, Nextier Bank National Association's most frequently cited loan purpose was Home Purchase, with 273 originations. The 2nd most popular reason was Refi, with 183 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 156 $31,580,000 $202,436 $4,604 4.52%
    20 Year 110 $18,850,000 $171,364 $1,297 4.71%
    30+ year 82 $16,880,000 $205,854 $6,012 4.67%
    15 Year 61 $6,915,000 $113,361 $1,456 4.55%
    10 Year 52 $11,190,000 $215,192 $942 4.39%
    Other 51 $15,705,000 $307,941 $1,820 4.71%
    5 Year 14 $8,240,000 $588,571 $468 3.73%
    3 Year 1 $7,605,000 $7,605,000 $0 4.83%

    For 2019, Nextier Bank National Association's most frequently cited loan duration was 30 Year, with 156 originations. The 2nd most popular length was 20 Year, with 110 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 226 $33,760,000 $149,381
    $2k-3k 52 $6,870,000 $132,115
    $1k-2k 34 $2,940,000 $86,471
    $3k-4k 27 $5,005,000 $185,370
    $5k+ 20 $7,310,000 $365,500
    $4k-5k 16 $4,120,000 $257,500

    Nextier Bank National Association's average total fees were $4,604, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 226 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 340 $82,630,000 $243,029
    5-6% 92 $16,070,000 $174,674
    3-4% 87 $17,215,000 $197,874
    6-7% 6 $990,000 $165,000
    2.5-3% 2 $60,000 $30,000

    During 2019, Nextier Bank National Association's average interest rate for loans was 4.52%, while their most frequently originated rate bucket for loans was 4-5%, with 340 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 196 $27,990,000 $142,806 $3,990 4.57%
    $100,000 or less 185 $10,935,000 $59,108 $1,711 4.56%
    $200k-400k 99 $27,455,000 $277,323 $6,395 4.61%
    $400k-600k 24 $11,300,000 $470,833 $8,127 4.63%
    $600k-1MM 13 $9,555,000 $735,000 $10,391 4.41%
    $1MM+ 10 $29,730,000 $2,973,000 $11,091 4.61%

    2019 saw Nextier Bank National Association place emphasis on $100k-200k loans with 196 originations, totaling $27,990,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 96 $9,160,000 $95,417 $3,014 4.48%
    $75k-100k 88 $12,750,000 $144,886 $3,744 4.48%
    $50k or less 73 $5,815,000 $79,658 $2,607 4.58%
    $100k-150k 72 $13,740,000 $190,833 $4,459 4.47%
    $150k-250k 39 $8,455,000 $216,795 $5,071 4.47%
    $250k+ 26 $13,280,000 $510,769 $6,442 4.51%

    Nextier Bank National Association lent most frequently to those with incomes in the $50k-75k range, with 96 originations. The second most popular income band? $75k-100k, with 88 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 118 $18,730,000 $158,729 $3,358 4.45%
    30-36% 75 $11,295,000 $150,600 $3,975 4.53%
    <20% 48 $4,420,000 $92,083 $2,462 4.20%
    42% 23 $5,345,000 $232,391 $4,505 4.60%
    38% 21 $3,235,000 $154,048 $4,723 4.56%
    43% 14 $3,120,000 $222,857 $3,559 4.60%
    40% 14 $2,220,000 $158,571 $3,996 4.58%
    41% 14 $2,020,000 $144,286 $3,256 4.69%
    36% 11 $1,805,000 $164,091 $5,257 4.47%
    44% 8 $1,060,000 $132,500 $1,982 4.56%
    37% 7 $1,175,000 $167,857 $4,469 4.44%
    39% 7 $1,545,000 $220,714 $4,590 4.25%
    50-60% 4 $940,000 $235,000 $4,838 4.62%
    48% 3 $975,000 $325,000 $3,643 4.75%
    45% 2 $460,000 $230,000 $6,464 5.06%
    49% 2 $310,000 $155,000 $4,792 4.44%
    >60% 2 $530,000 $265,000 $3,118 4.13%
    47% 1 $405,000 $405,000 $11,371 3.87%
    46% 1 $415,000 $415,000 $8,873 4.50%

    Nextier Bank National Association lent most frequently to those with DTI ratios of 20-30%, with 118 originations. The next most common DTI ratio? 30-36%, with 75 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 396 $65,160,000 $164,545 $3,692 4.50%
    Not applicable 118 $49,980,000 $423,559 $0 4.81%
    Not provided 7 $1,105,000 $157,857 $3,947 4.50%
    Black 4 $570,000 $142,500 $3,226 4.86%
    Asian 2 $150,000 $75,000 $3,413 4.12%

    Approval Rates

    Total approvals of all applications
    88.39%

    Nextier Bank National Association has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.96%

    Nextier Bank National Association has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 527 $116,965,000 $221,945

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $145,000 $145,000
    Multifamily:Site-Built 43 $38,645,000 $898,721
    Single Family (1-4 Units):Manufactured 69 $7,785,000 $112,826
    Single Family (1-4 Units):Site-Built 414 $70,390,000 $170,024

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 50 $3,330,000 $66,600 $822 4.57%
    40-60% 55 $9,195,000 $167,182 $2,431 4.51%
    60-80% 192 $63,230,000 $329,323 $4,307 4.59%
    80-100% 203 $39,775,000 $195,936 $4,696 4.62%
    Under 20% 27 $1,435,000 $53,148 $501 4.19%

    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 $45,138
    NEXTIER BANK, NATIONAL ASSOCIATION 100 South Argyle Street Petrolia, PA 16050 Full Service B&M $10,631
    NEXTIER BANK, NATIONAL ASSOCIATION 100 Vip Drive, Suite 108 Wexford, PA 15090 Full Service B&M $11,974
    NEXTIER BANK, NATIONAL ASSOCIATION 101 East Diamond Street Butler, PA 16001 Full Service B&M $319,740
    NEXTIER BANK, NATIONAL ASSOCIATION 101 Northtowne Drive Gibsonia, PA 15044 Full Service B&M $8,601
    NEXTIER BANK, NATIONAL ASSOCIATION 102 South Wayne Avenue Parker, PA 16049 Full Service B&M $14,451
    NEXTIER BANK, NATIONAL ASSOCIATION 105 Burton Dr Kittanning, PA 16201 Full Service B&M $22,721
    NEXTIER BANK, NATIONAL ASSOCIATION 121 South Main Street Slippery Rock, PA 16057 Full Service B&M $12,333
    NEXTIER BANK, NATIONAL ASSOCIATION 15104 Us Rt 422 Worthington, PA 16262 Full Service B&M $33,904
    NEXTIER BANK, NATIONAL ASSOCIATION 160 Market Street Leechburg, PA 15656 Full Service B&M $8,350
    NEXTIER BANK, NATIONAL ASSOCIATION 1626 Babcock Blvd. Pittsburgh, PA 15209 Full Service B&M $22,833
    NEXTIER BANK, NATIONAL ASSOCIATION 196 Clearview Circle Butler, PA 16001 Full Service B&M $35,766
    NEXTIER BANK, NATIONAL ASSOCIATION 20249 Route 19 Cranberry Township, PA 16066 Full Service B&M $26,159
    NEXTIER BANK, NATIONAL ASSOCIATION 222 Market Street Kittanning, PA 16201 Full Service B&M $220,178
    NEXTIER BANK, NATIONAL ASSOCIATION 226 Main Street Irwin, PA 15642 Full Service B&M $4,041
    NEXTIER BANK, NATIONAL ASSOCIATION 226 South Main Street Zelienople, PA 16063 Full Service B&M $27,946
    NEXTIER BANK, NATIONAL ASSOCIATION 236 Fifth Street Freeport, PA 16229 Full Service B&M $7,976
    NEXTIER BANK, NATIONAL ASSOCIATION 238 East Main Street Evans City, PA 16033 Full Service B&M $25,280
    NEXTIER BANK, NATIONAL ASSOCIATION 316 First Avenue Suite 101 West Kittanning, PA 16201 Full Service B&M $30,772
    NEXTIER BANK, NATIONAL ASSOCIATION 322 Ford St. Ford City, PA 16226 Full Service B&M $176
    NEXTIER BANK, NATIONAL ASSOCIATION 333 Main Street Suite 100 Saxonburg, PA 16056 Full Service B&M $17,089
    NEXTIER BANK, NATIONAL ASSOCIATION 3455 Forbes Ave Pittsburgh, PA 15213 Full Service B&M $55,828
    NEXTIER BANK, NATIONAL ASSOCIATION 4 Hilltop Plaza Kittanning, PA 16201 Full Service B&M $11,640
    NEXTIER BANK, NATIONAL ASSOCIATION 409 Butler Road Kittanning, PA 16201 Full Service B&M $33,136
    NEXTIER BANK, NATIONAL ASSOCIATION 4231 Trindle Road Camp Hill, PA 17011 Full Service B&M $9,479
    NEXTIER BANK, NATIONAL ASSOCIATION 83 Race Street, P.O. Box 627 Manor, PA 15665 Full Service B&M $26,021
    NEXTIER BANK, NATIONAL ASSOCIATION Lewis And Hansen Avenues Lyndora, PA 16045 Full Service B&M $28,238
    NEXTIER BANK, NATIONAL ASSOCIATION Route 19 And Bonnieview Drive Wexford, PA 15090 Full Service B&M $18,651
    NEXTIER BANK, NATIONAL ASSOCIATION State Road 68 And Byrnes Street Chicora, PA 16025 Full Service B&M $35,599

    For 2019, Nextier Bank National Association had 29 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $58,477
    Net interest income $49,340
    Total noninterest income $7,543
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,029
    Trading account gains and fees $0
    Additional Noninterest Income $5,514
    Pre-tax net operating income $22,252
    Securities gains (or losses, -) $2,041
    Income before extraordinary items $20,143
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $20,143
    Minority interest net income $0
    Net income $20,143
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $18,448

    Nextier Bank National Association's gross interest income from loans was $58,477,000.
    Nextier Bank National Association's net interest income from loans was $49,340,000.
    Nextier Bank National Association's fee based income from loans was $2,029,000.
    Nextier Bank National Association's net income from loans was $20,143,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $9,137
    Provision for credit losses $913
    Total noninterest expense $33,718
    Salaries and employee benefits $19,625
    Premises and equipment expense $3,133
    Additional noninterest expense $10,960
    Applicable income taxes $4,150
    Net charge-offs $13
    Cash dividends $10,000

    Nextier Bank National Association's interest expense for loans was $9,137,000.
    Nextier Bank National Association's payroll and benefits expense were $19,625,000.
    Nextier Bank National Association's property, plant and equipment expenses $3,133,000.

    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 1.0%
    All other family 0.0%
    Commercial & industrial loans 1.0%
    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 $1,155,868
    Deposits held in domestic offices $1,155,868
    Deposits by Individuals, partnerships, and corporations $922,705
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $231,068
    Deposits by Commercial banks and other depository institutions in U.S. $2,095
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $97,898
    Demand deposits $60,796
    Nontransaction accounts $1,057,970
    Money market deposit accounts (MMDAs) $136,010
    Other savings deposits (excluding MMDAs) $748,132
    Total time deposits $173,828
    Total time and savings deposits $1,095,072
    Noninterest-bearing deposits $275,231
    Interest-bearing deposits $880,638
    Retail deposits $1,088,487
    IRAs and Keogh plan accounts $22,556
    Brokered deposits $160
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,401,005
    Cash & Balances due from depository institutions $34,276
    Interest-bearing balances $12,721
    Total securities $110,733
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,163,951
    Loan and leases loss allowance $8,304
    Trading account assets $0
    Bank premises and fixed assets $30,778
    Other real estate owned $207
    Goodwill and other intangibles $11,096
    All other assets $49,964

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,401,005
    Total Liabilities $1,258,131
    Total deposits $1,155,868
    Interest-bearing deposits $880,638
    Deposits held in domestic offices $1,155,868
    % insured (estimated) $58
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $92,400
    Subordinated debt $0
    All other liabilities $9,863

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,163,951
    Loan and leases loss allowance $8,304
    Total loans and leases (domestic) $1,172,255
    All real estate loans $913,436
    Real estate loans in domestic offices $913,436
    Construction and development loans $112,449
    Residential 1-4 family construction $12,838
    Other construction, all land development and other land $99,611
    Loans secured by nonfarm nonresidential properties $355,814
    Nonfarm nonresidential secured by owner-occupied properties $98,639
    Commercial real estate & other non-farm, non-residential $257,175
    Multifamily residential real estate $62,784
    1-4 family residential loans $376,192
    Farmland loans $6,197
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $101,294
    To non-U.S. addressees $0
    Loans to individuals $123,299
    Credit card loans $0
    Related Plans $3,207
    Consumer Auto Loans $1,342
    Other loans to individuals $118,750
    All other loans & leases $34,226
    Loans to foreign governments and official institutions $0
    Other loans $163
    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 $1,025
    Non 1-4 family restructured loans & leases $735
    Total loans and leases (foreign) $0

    NEXTIER BANK NATIONAL ASSOCIATION had $1,163,951,000 of loans outstanding in 2019. $913,436,000 of loans were in real estate loans. $112,449,000 of loans were in development loans. $62,784,000 of loans were in multifamily mortgage loans. $376,192,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,342,000 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 520 $94,488 $181,708
    Nonfarm, nonresidential loans - <$100k 140 $4,796 $34,257
    Nonfarm, nonresidential loans - $100-250k 169 $20,217 $119,627
    Nonfarm, nonresidential loans - $250k-1MM 211 $69,475 $329,265
    Commercial & Industrial, US addressed loans - <$1MM 809 $50,714 $62,687
    Commercial & Industrial, US addressed loans - <$100k 563 $10,745 $19,085
    Commercial & Industrial, US addressed loans - $100-250k 111 $7,977 $71,865
    Commercial & Industrial, US addressed loans - $250k-1MM 135 $31,992 $236,978
    Farmland loans - <$1MM 4 $1,060 $265,000
    Farmland loans - $100-250k 1 $32 $32,000
    Farmland loans - $250k-1MM 3 $1,028 $342,667