Natbank Mortgage Rates, Fees & Info

Hollywood, FL

LEI: 549300U5SDGYPSPXZU37

Tax ID: 65-0538449

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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

    Natbank is a smaller bank specializing in Refi and Home Purchase loans. Natbank has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Orlando, North Port, Lakeland, and Port St. Lucie among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Natbank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Natbank 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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    Originations

    114

    Origination Dollar Volume (All Markets)

    $24,860,000

    Employee count

    36

    Awards

    Natbank 30 Year Conventional Loans gold Natbank 30 Year Conventional Loans silver Natbank 30 Year Conventional Loans silver
    Show all (3) awards

    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
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 74 $18,440,000 $249,189 $4,005 4.96%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 31 $4,695,000 $151,452 $3,305 5.01%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $595,000 $595,000 $5,821 4.37%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $385,000 $128,333 $3,385 5.32%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $255,000 $255,000 $3,737 4.75%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $245,000 $245,000 $3,687 4.24%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $140,000 $70,000 $0 5.12%
    Outside of Metro Areas 1 $105,000 $105,000 $0 5.74%
    Natbank's top markets include Miami, Orlando, North Port, Lakeland, and Port St. Lucie among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • (FHA|USDA|VA)

    • Similar Lenders

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

    We Florida Financial
    Similarity Rank: 312
    Natbank
    Similarity Rank: 392
    POWER FINANCIAL
    Similarity Rank: 432
    SOUTH FLORIDA EDUCATIONAL
    Similarity Rank: 836
    MIAMI FIREFIGHTERS FCU
    Similarity Rank: 912
    Guardians Credit Union
    Similarity Rank: 948
    Biscayne Bank
    Similarity Rank: 1014
    TrustCo Bank
    Similarity Rank: 1275
    TROPICAL FINANCIAL CREDIT UNION
    Similarity Rank: 1938
    BRIGHTSTAR
    Similarity Rank: 2275

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 114 $24,860,000 $218,070 $3,977 4.98%

    For 2018, Natbank's most frequently originated type of loan was Conventional, with 114 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 59 $9,355,000 $158,559 $3,626 5.05%
    Home Purchase 52 $14,990,000 $288,269 $4,128 4.87%
    Other 3 $515,000 $171,667 $0 5.74%

    For 2018, Natbank's most frequently cited loan purpose was Refi, with 59 originations. The 2nd most popular reason was Home Purchase, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 51 $14,025,000 $275,000 $3,850 4.39%
    5 Year 46 $6,200,000 $134,783 $0 5.44%
    3 Year 14 $2,560,000 $182,857 $0 5.71%
    Other 3 $2,075,000 $691,667 $7,191 4.62%

    For 2018, Natbank's most frequently cited loan duration was 30 Year, with 51 originations. The 2nd most popular length was 5 Year, with 46 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 53 $15,845,000 $298,962

    Natbank's average total fees were $3,850, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 53 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 64 $17,100,000 $267,188
    5-6% 30 $4,410,000 $147,000
    3-4% 11 $2,005,000 $182,273
    6-7% 6 $900,000 $150,000
    7-8% 3 $445,000 $148,333

    During 2018, Natbank's average interest rate for loans was 4.39%, while their most frequently originated rate bucket for loans was 4-5%, with 64 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 49 $7,035,000 $143,571 $3,074 5.07%
    $200k-400k 31 $8,205,000 $264,677 $3,777 4.62%
    $100,000 or less 27 $2,095,000 $77,593 $3,038 5.33%
    $1MM+ 4 $5,770,000 $1,442,500 $10,010 4.43%
    $400k-600k 2 $1,000,000 $500,000 $5,154 4.43%
    $600k-1MM 1 $755,000 $755,000 $0 5.87%

    2018 saw Natbank place emphasis on $100k-200k loans with 49 originations, totaling $7,035,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 28 $5,610,000 $200,357 $3,528 4.77%
    $150k-250k 16 $3,360,000 $210,000 $3,693 5.38%
    $250k+ 16 $7,990,000 $499,375 $5,560 4.66%
    $75k-100k 11 $1,775,000 $161,364 $3,155 4.77%
    $50k-75k 5 $445,000 $89,000 $2,705 4.94%
    $50k or less 3 $405,000 $135,000 $3,175 4.61%

    Natbank lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $150k-250k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 39 $9,955,000 $255,256 $4,314 4.74%
    30-36% 25 $5,725,000 $229,000 $3,744 4.96%
    <20% 21 $3,465,000 $165,000 $3,635 4.94%
    37% 4 $840,000 $210,000 $4,487 5.55%
    >60% 3 $1,385,000 $461,667 $5,088 5.16%
    36% 3 $525,000 $175,000 $3,852 5.41%
    38% 3 $625,000 $208,333 $3,502 4.75%
    39% 3 $605,000 $201,667 $3,309 4.17%
    50-60% 2 $250,000 $125,000 $0 6.87%
    43% 1 $365,000 $365,000 $4,299 4.24%
    41% 1 $215,000 $215,000 $3,586 4.00%

    Natbank lent most frequently to those with DTI ratios of 20-30%, with 39 originations. The next most common DTI ratio? 30-36%, with 25 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 77 $19,955,000 $259,156 $4,027 4.92%
    Not applicable 20 $2,340,000 $117,000 $3,013 5.31%
    Asian 14 $2,120,000 $151,429 $0 4.77%
    Not provided 2 $270,000 $135,000 $3,385 5.12%
    Asian Indian 1 $175,000 $175,000 $0 6.49%

    Approval Rates

    Total approvals of all applications
    90.58%

    Natbank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.23%

    Natbank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 114 $24,860,000 $218,070

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 114 $24,860,000 $218,070

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $980,000 $163,333 $3,585 5.20%
    40-60% 8 $1,390,000 $173,750 $3,987 5.33%
    60-80% 89 $20,895,000 $234,775 $4,176 5.00%
    80-100% 9 $1,535,000 $170,556 $3,322 4.49%
    Under 20% 2 $60,000 $30,000 $3,718 4.43%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Natbank, National Association 1231 South Federal Highway Pompano Beach, FL 33062 Full Service B&M $48,700
    Natbank, National Association 4031 Oakwood Boulevard Hollywood, FL 33020 Full Service B&M $76,189
    Natbank, National Association 970 N. Congress Avenue, Suite 120 Boynton Beach, FL 33426 Full Service B&M $5,007

    For 2018, Natbank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,301
    Net interest income $6,751
    Total noninterest income $856
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $349
    Trading account gains and fees $0
    Additional Noninterest Income $507
    Pre-tax net operating income $1,379
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,029
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,029
    Minority interest net income $0
    Net income $1,029
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,029

    Natbank's gross interest income from loans was $7,301,000.
    Natbank's net interest income from loans was $6,751,000.
    Natbank's fee based income from loans was $349,000.
    Natbank's net income from loans was $1,029,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $550
    Provision for credit losses $-47
    Total noninterest expense $6,275
    Salaries and employee benefits $3,376
    Premises and equipment expense $573
    Additional noninterest expense $2,326
    Applicable income taxes $350
    Net charge-offs $-26
    Cash dividends $0

    Natbank's interest expense for loans was $550,000.
    Natbank's payroll and benefits expense were $3,376,000.
    Natbank's property, plant and equipment expenses $573,000.

    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 10.0%
    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 $139,342
    Deposits held in domestic offices $139,342
    Deposits by Individuals, partnerships, and corporations $139,341
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $107,933
    Demand deposits $91,285
    Nontransaction accounts $31,408
    Money market deposit accounts (MMDAs) $2,303
    Other savings deposits (excluding MMDAs) $2,857
    Total time deposits $26,248
    Total time and savings deposits $48,056
    Noninterest-bearing deposits $93,754
    Interest-bearing deposits $45,588
    Retail deposits $120,013
    IRAs and Keogh plan accounts $0
    Brokered deposits $17,487
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $170,193
    Cash & Balances due from depository institutions $25,968
    Interest-bearing balances $18,187
    Total securities $3,194
    Federal funds sold & reverse repurchase $351
    Net loans and leases $138,022
    Loan and leases loss allowance $841
    Trading account assets $0
    Bank premises and fixed assets $683
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $1,975

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $170,192
    Total Liabilities $140,812
    Total deposits $139,342
    Interest-bearing deposits $45,588
    Deposits held in domestic offices $139,342
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,470

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $138,022
    Loan and leases loss allowance $841
    Total loans and leases (domestic) $138,863
    All real estate loans $133,871
    Real estate loans in domestic offices $133,871
    Construction and development loans $2,413
    Residential 1-4 family construction $0
    Other construction, all land development and other land $2,413
    Loans secured by nonfarm nonresidential properties $362
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $362
    Multifamily residential real estate $0
    1-4 family residential loans $130,850
    Farmland loans $246
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $1,807
    To non-U.S. addressees $0
    Loans to individuals $3,171
    Credit card loans $0
    Related Plans $2,091
    Consumer Auto Loans $51
    Other loans to individuals $1,029
    All other loans & leases $14
    Loans to foreign governments and official institutions $0
    Other loans $14
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,807
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Natbank had $138,022,000 of loans outstanding in 2018. $133,871,000 of loans were in real estate loans. $2,413,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $130,850,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $51,000 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 3 $362 $120,667
    Nonfarm, nonresidential loans - <$100k 1 $25 $25,000
    Nonfarm, nonresidential loans - $250k-1MM 2 $337 $168,500
    Commercial & Industrial, US addressed loans - <$1MM 13 $1,253 $96,385
    Commercial & Industrial, US addressed loans - <$100k 9 $107 $11,889
    Commercial & Industrial, US addressed loans - $250k-1MM 4 $1,146 $286,500
    Farmland loans - <$1MM 1 $246 $246,000
    Farmland loans - $100-250k 1 $246 $246,000