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, Somerset, Youngstown, and Indiana among others. We have data for 7 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.99% 11/21/24
    30 Year Conventional Refi 7.04% 11/21/24
    30 Year Cash-out Refi 6.64% 11/21/24
    15 Year Conventional Purchase 6.49% 11/21/24
    15 Year Conventional Refi 6.63% 11/21/24
    15 Year Cash-out Refi 6.63% 11/21/24
    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

    481

    Origination Dollar Volume (All Markets)

    $107,065,000

    Employee count

    281

    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) 410 $83,200,000 $202,927 $3,610 3.93%
    Outside of Metro Areas 54 $17,460,000 $323,333 $4,167 3.96%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 11 $4,815,000 $437,727 $0 3.57%
    Somerset, PA (FHA|USDA|VA) 1 $685,000 $685,000 $19,483 3.87%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $600,000 $300,000 $3,860 3.98%
    Indiana, PA (FHA|USDA|VA) 2 $220,000 $110,000 $5,921 4.01%
    New Castle, PA (FHA|USDA|VA) 1 $85,000 $85,000 $587 4.38%
    Nextier Bank National Association's top markets include Pittsburgh, Harrisburg, Somerset, Youngstown, and Indiana among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • New York (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.

    M. S. Flynn, Inc.
    Similarity Rank: 236
    TRI BORO
    Similarity Rank: 264
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 456
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 623
    NEW FED MORTGAGE, CORP.
    Similarity Rank: 644
    ARMCO CREDIT UNION
    Similarity Rank: 645
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 670
    PRINCETON FINANCIAL LLC
    Similarity Rank: 754
    Standard Bank, PaSB
    Similarity Rank: 756
    COLONIAL MORTGAGE SERVICE COMPANY OF AMERICA
    Similarity Rank: 1122

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 481 $107,065,000 $222,588 $3,734 3.93%

    For 2020, Nextier Bank National Association's most frequently originated type of loan was Conventional, with 481 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 270 $65,130,000 $241,222 $4,690 3.93%
    Refi 158 $37,530,000 $237,532 $3,151 3.90%
    Home Improvement 34 $3,120,000 $91,765 $2,301 4.04%
    Other 19 $1,285,000 $67,632 $665 3.96%

    For 2020, Nextier Bank National Association's most frequently cited loan purpose was Home Purchase, with 270 originations. The 2nd most popular reason was Refi, with 158 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 168 $33,430,000 $198,988 $4,423 4.03%
    20 Year 96 $19,790,000 $206,146 $1,578 3.83%
    30+ year 68 $17,160,000 $252,353 $6,213 4.05%
    15 Year 63 $8,905,000 $141,349 $1,452 3.91%
    10 Year 47 $7,275,000 $154,787 $776 3.87%
    Other 30 $17,630,000 $587,667 $3,687 3.70%
    5 Year 9 $2,875,000 $319,444 $468 3.48%

    For 2020, Nextier Bank National Association's most frequently cited loan duration was 30 Year, with 168 originations. The 2nd most popular length was 20 Year, with 96 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 227 $36,895,000 $162,533
    $2k-3k 39 $5,165,000 $132,436
    $1k-2k 35 $3,885,000 $111,000
    $3k-4k 27 $5,085,000 $188,333
    $5k+ 16 $7,170,000 $448,125
    $4k-5k 15 $3,555,000 $237,000

    Nextier Bank National Association's average total fees were $4,423, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 227 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 313 $75,835,000 $242,284
    4-5% 165 $27,565,000 $167,061
    2.5-3% 2 $3,640,000 $1,820,000
    6-7% 1 $25,000 $25,000

    During 2020, Nextier Bank National Association's average interest rate for loans was 4.03%, while their most frequently originated rate bucket for loans was 3-4%, with 313 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 170 $24,130,000 $141,941 $3,800 3.94%
    $100,000 or less 169 $9,735,000 $57,604 $1,923 3.97%
    $200k-400k 89 $24,705,000 $277,584 $5,582 3.98%
    $400k-600k 23 $10,645,000 $462,826 $6,072 3.77%
    $600k-1MM 17 $13,475,000 $792,647 $10,079 3.73%
    $1MM+ 13 $24,375,000 $1,875,000 $14,630 3.51%

    2020 saw Nextier Bank National Association place emphasis on $100k-200k loans with 170 originations, totaling $24,130,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 96 $9,860,000 $102,708 $3,054 3.97%
    $100k-150k 77 $13,375,000 $173,701 $3,452 4.05%
    $75k-100k 76 $10,700,000 $140,789 $3,887 4.03%
    $50k or less 55 $4,615,000 $83,909 $3,193 4.05%
    $150k-250k 37 $10,385,000 $280,676 $4,726 3.95%
    $250k+ 24 $13,100,000 $545,833 $8,180 3.98%

    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? $100k-150k, with 77 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 97 $14,575,000 $150,258 $3,270 3.99%
    30-36% 66 $14,340,000 $217,273 $4,843 4.02%
    <20% 60 $9,610,000 $160,167 $3,265 3.97%
    42% 25 $4,295,000 $171,800 $4,071 4.07%
    36% 17 $2,055,000 $120,882 $3,570 3.98%
    37% 17 $2,095,000 $123,235 $3,140 4.03%
    38% 15 $2,175,000 $145,000 $3,638 3.98%
    41% 11 $1,495,000 $135,909 $3,789 4.14%
    43% 11 $2,305,000 $209,545 $2,230 4.08%
    40% 10 $1,450,000 $145,000 $2,570 3.97%
    39% 10 $2,310,000 $231,000 $4,616 4.00%
    50-60% 6 $1,300,000 $216,667 $4,710 4.15%
    44% 4 $970,000 $242,500 $4,822 4.05%
    47% 3 $755,000 $251,667 $6,577 3.95%
    45% 2 $370,000 $185,000 $4,698 3.93%
    >60% 2 $630,000 $315,000 $3,145 3.85%
    46% 1 $295,000 $295,000 $7,385 4.50%
    48% 1 $85,000 $85,000 $3,593 3.87%
    49% 1 $645,000 $645,000 $5,068 3.99%

    Nextier Bank National Association lent most frequently to those with DTI ratios of 20-30%, with 97 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 366 $64,130,000 $175,219 $3,700 4.00%
    Not applicable 99 $40,225,000 $406,313 $0 3.63%
    Asian 3 $1,165,000 $388,333 $5,910 4.07%
    Not provided 8 $980,000 $122,500 $4,487 4.07%
    Black 5 $565,000 $113,000 $3,485 3.90%

    Approval Rates

    Total approvals of all applications
    85.63%

    Nextier Bank National Association has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.70%

    Nextier Bank National Association has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 481 $107,065,000 $222,588

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 34 $30,520,000 $897,647
    Single Family (1-4 Units):Manufactured 57 $7,435,000 $130,439
    Single Family (1-4 Units):Site-Built 390 $69,110,000 $177,205

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 40 $3,240,000 $81,000 $1,051 3.91%
    40-60% 48 $8,490,000 $176,875 $3,225 3.87%
    60-80% 209 $57,825,000 $276,675 $4,248 3.84%
    80-100% 156 $35,750,000 $229,167 $4,734 4.05%
    Over 100% 1 $405,000 $405,000 $4,447 4.38%
    Under 20% 27 $1,355,000 $50,185 $447 4.02%

    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 $56,344
    Nextier Bank, National Association 100 South Argyle Street Petrolia, PA 16050 Full Service B&M $12,627
    Nextier Bank, National Association 100 Vip Drive, Suite 108 Wexford, PA 15090 Full Service B&M $13,968
    Nextier Bank, National Association 101 East Diamond Street Butler, PA 16001 Full Service B&M $153,290
    Nextier Bank, National Association 101 Northtowne Drive Gibsonia, PA 15044 Full Service B&M $25,159
    Nextier Bank, National Association 102 South Wayne Avenue Parker, PA 16049 Full Service B&M $20,064
    Nextier Bank, National Association 105 Burton Dr Kittanning, PA 16201 Full Service B&M $25,193
    Nextier Bank, National Association 121 South Main Street Slippery Rock, PA 16057 Full Service B&M $17,525
    Nextier Bank, National Association 15104 Us Rt 422 Worthington, PA 16262 Full Service B&M $38,197
    Nextier Bank, National Association 160 Market Street Leechburg, PA 15656 Full Service B&M $9,890
    Nextier Bank, National Association 1626 Babcock Blvd. Pittsburgh, PA 15209 Full Service B&M $22,849
    Nextier Bank, National Association 196 Clearview Circle Butler, PA 16001 Full Service B&M $42,345
    Nextier Bank, National Association 20249 Route 19 Cranberry Township, PA 16066 Full Service B&M $55,066
    Nextier Bank, National Association 222 Market Street Kittanning, PA 16201 Full Service B&M $322,109
    Nextier Bank, National Association 226 Main Street Irwin, PA 15642 Full Service B&M $4,677
    Nextier Bank, National Association 226 South Main Street Zelienople, PA 16063 Full Service B&M $113,192
    Nextier Bank, National Association 236 Fifth Street Freeport, PA 16229 Full Service B&M $14,090
    Nextier Bank, National Association 238 East Main Street Evans City, PA 16033 Full Service B&M $32,004
    Nextier Bank, National Association 316 First Avenue Suite 101 West Kittanning, PA 16201 Full Service B&M $37,555
    Nextier Bank, National Association 322 Ford St. Ford City, PA 16226 Full Service B&M $3,192
    Nextier Bank, National Association 333 Main Street Suite 100 Saxonburg, PA 16056 Full Service B&M $37,766
    Nextier Bank, National Association 3455 Forbes Ave Pittsburgh, PA 15213 Full Service B&M $60,864
    Nextier Bank, National Association 4 Hilltop Plaza Kittanning, PA 16201 Full Service B&M $13,500
    Nextier Bank, National Association 409 Butler Road Kittanning, PA 16201 Full Service B&M $46,230
    Nextier Bank, National Association 4231 Trindle Road Camp Hill, PA 17011 Full Service B&M $22,973
    Nextier Bank, National Association 83 Race Street, P.O. Box 627 Manor, PA 15665 Full Service B&M $28,938
    Nextier Bank, National Association Lewis And Hansen Avenues Lyndora, PA 16045 Full Service B&M $68,077
    Nextier Bank, National Association Route 19 And Bonnieview Drive Wexford, PA 15090 Full Service B&M $24,295
    Nextier Bank, National Association State Road 68 And Byrnes Street Chicora, PA 16025 Full Service B&M $51,234

    For 2020, Nextier Bank National Association had 29 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $53,725
    Net interest income $46,443
    Total noninterest income $8,571
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,429
    Trading account gains and fees $0
    Additional Noninterest Income $7,142
    Pre-tax net operating income $15,588
    Securities gains (or losses, -) $767
    Income before extraordinary items $13,560
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $13,560
    Minority interest net income $0
    Net income $13,560
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $12,923

    Nextier Bank National Association's gross interest income from loans was $53,725,000.
    Nextier Bank National Association's net interest income from loans was $46,443,000.
    Nextier Bank National Association's fee based income from loans was $1,429,000.
    Nextier Bank National Association's net income from loans was $13,560,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,282
    Provision for credit losses $4,468
    Total noninterest expense $34,958
    Salaries and employee benefits $19,601
    Premises and equipment expense $3,297
    Additional noninterest expense $12,060
    Applicable income taxes $2,795
    Net charge-offs $1,380
    Cash dividends $0

    Nextier Bank National Association's interest expense for loans was $7,282,000.
    Nextier Bank National Association's payroll and benefits expense were $19,601,000.
    Nextier Bank National Association's property, plant and equipment expenses $3,297,000.

    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 $1,429,150
    Deposits held in domestic offices $1,429,150
    Deposits by Individuals, partnerships, and corporations $1,143,565
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $283,323
    Deposits by Commercial banks and other depository institutions in U.S. $2,262
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $122,711
    Demand deposits $70,509
    Nontransaction accounts $1,306,439
    Money market deposit accounts (MMDAs) $200,301
    Other savings deposits (excluding MMDAs) $932,384
    Total time deposits $173,755
    Total time and savings deposits $1,358,641
    Noninterest-bearing deposits $345,842
    Interest-bearing deposits $1,083,308
    Retail deposits $1,352,812
    IRAs and Keogh plan accounts $21,885
    Brokered deposits $25,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,649,262
    Cash & Balances due from depository institutions $64,634
    Interest-bearing balances $48,614
    Total securities $127,686
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,354,010
    Loan and leases loss allowance $11,392
    Trading account assets $0
    Bank premises and fixed assets $32,121
    Other real estate owned $102
    Goodwill and other intangibles $10,433
    All other assets $60,276

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,649,262
    Total Liabilities $1,492,396
    Total deposits $1,429,150
    Interest-bearing deposits $1,083,308
    Deposits held in domestic offices $1,429,150
    % insured (estimated) $55
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $50,000
    Subordinated debt $0
    All other liabilities $13,246

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,354,010
    Loan and leases loss allowance $11,392
    Total loans and leases (domestic) $1,365,402
    All real estate loans $1,006,297
    Real estate loans in domestic offices $1,006,297
    Construction and development loans $115,527
    Residential 1-4 family construction $12,719
    Other construction, all land development and other land $102,808
    Loans secured by nonfarm nonresidential properties $413,532
    Nonfarm nonresidential secured by owner-occupied properties $100,632
    Commercial real estate & other non-farm, non-residential $312,900
    Multifamily residential real estate $89,908
    1-4 family residential loans $383,371
    Farmland loans $3,959
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $188,649
    To non-U.S. addressees $0
    Loans to individuals $126,780
    Credit card loans $0
    Related Plans $2,954
    Consumer Auto Loans $1,183
    Other loans to individuals $122,643
    All other loans & leases $43,676
    Loans to foreign governments and official institutions $0
    Other loans $71
    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 $1,735
    Non 1-4 family restructured loans & leases $1,459
    Total loans and leases (foreign) $0

    NEXTIER BANK NATIONAL ASSOCIATION had $1,354,010,000 of loans outstanding in 2020. $1,006,297,000 of loans were in real estate loans. $115,527,000 of loans were in development loans. $89,908,000 of loans were in multifamily mortgage loans. $383,371,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,183,000 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 522 $103,237 $197,772
    Nonfarm, nonresidential loans - <$100k 132 $4,472 $33,879
    Nonfarm, nonresidential loans - $100-250k 173 $20,668 $119,468
    Nonfarm, nonresidential loans - $250k-1MM 217 $78,097 $359,894
    Commercial & Industrial, US addressed loans - <$1MM 1,676 $97,498 $58,173
    Commercial & Industrial, US addressed loans - <$100k 1,289 $29,163 $22,625
    Commercial & Industrial, US addressed loans - $100-250k 200 $22,070 $110,350
    Commercial & Industrial, US addressed loans - $250k-1MM 187 $46,265 $247,406
    Farmland loans - <$1MM 4 $985 $246,250
    Farmland loans - $100-250k 1 $23 $23,000
    Farmland loans - $250k-1MM 3 $962 $320,667