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
  • Complaints
  • 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 Home Purchase and Cash Out Refi loans. Natbank has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Orlando, Lakeland, Naples, and Cape Coral among others. We have data for 11 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 a below 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.

    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.


    Originations

    149

    Origination Dollar Volume (All Markets)

    $37,465,000

    Employee count

    35

    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) 110 $30,760,000 $279,636 $3,381 4.58%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 13 $1,755,000 $135,000 $4,624 5.63%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 10 $1,580,000 $158,000 $0 4.68%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $820,000 $410,000 $0 3.81%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $805,000 $268,333 $4,296 3.92%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $510,000 $255,000 $0 3.75%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $500,000 $125,000 $0 4.50%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,298 4.25%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $0 6.00%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $190,000 $95,000 $0 5.38%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.75%
    Natbank's top markets include Miami, Orlando, Lakeland, Naples, and Cape Coral among others.

    Their top states include:
  • Florida (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.

    POWER FINANCIAL
    Similarity Rank: 188
    We Florida Financial
    Similarity Rank: 572
    TrustCo Bank
    Similarity Rank: 754
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 755
    SOUTH FLORIDA EDUCATIONAL
    Similarity Rank: 940
    BANKING MORTGAGE SERVICES, B.M.S. CORP.
    Similarity Rank: 1230
    CROSSFIRE FINANCIAL NETWORK, INC.
    Similarity Rank: 1440
    Malvern Bank N.A.
    Similarity Rank: 1548
    Suncoast Credit Union
    Similarity Rank: 1794
    SPACE COAST Credit Union
    Similarity Rank: 1848

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 149 $37,465,000 $251,443 $3,304 4.66%

    For 2019, Natbank's most frequently originated type of loan was Conventional, with 149 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 71 $21,585,000 $304,014 $3,654 4.22%
    Cash Out Refi 62 $12,760,000 $205,806 $2,686 5.16%
    Refi 16 $3,120,000 $195,000 $1,649 4.63%

    For 2019, Natbank's most frequently cited loan purpose was Home Purchase, with 71 originations. The 2nd most popular reason was Cash Out Refi, with 62 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 90 $27,060,000 $300,667 $3,319 3.95%
    5 Year 41 $5,495,000 $134,024 $0 5.79%
    3 Year 17 $4,835,000 $284,412 $0 5.67%
    Other 1 $75,000 $75,000 $3,061 4.25%

    For 2019, Natbank's most frequently cited loan duration was 30 Year, with 90 originations. The 2nd most popular length was 5 Year, with 41 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 17 $4,255,000 $250,294

    Natbank's average total fees were $3,319, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 17 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 73 $21,705,000 $297,329
    5-6% 40 $8,160,000 $204,000
    4-5% 29 $6,425,000 $221,552
    6-7% 6 $1,060,000 $176,667
    7-8% 1 $115,000 $115,000

    During 2019, Natbank's average interest rate for loans was 3.95%, while their most frequently originated rate bucket for loans was 3-4%, with 73 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 61 $8,525,000 $139,754 $1,262 4.70%
    $200k-400k 41 $11,945,000 $291,341 $3,877 4.44%
    $100,000 or less 27 $2,265,000 $83,889 $3,061 5.17%
    $400k-600k 11 $5,385,000 $489,545 $6,950 4.17%
    $600k-1MM 5 $3,425,000 $685,000 $7,568 4.50%
    $1MM+ 4 $5,920,000 $1,480,000 $0 4.38%

    2019 saw Natbank place emphasis on $100k-200k loans with 61 originations, totaling $8,525,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 30 $7,910,000 $263,667 $3,506 4.17%
    $100k-150k 27 $5,005,000 $185,370 $3,475 4.61%
    $250k+ 27 $13,055,000 $483,519 $4,296 4.48%
    $75k-100k 22 $3,650,000 $165,909 $3,180 4.25%
    $50k-75k 9 $1,505,000 $167,222 $0 4.60%
    $50k or less 1 $65,000 $65,000 $0 3.75%

    Natbank lent most frequently to those with incomes in the $150k-250k range, with 30 originations. The second most popular income band? $100k-150k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 41 $9,615,000 $234,512 $2,217 4.50%
    <20% 22 $6,280,000 $285,455 $3,035 4.77%
    30-36% 22 $5,800,000 $263,636 $3,263 4.24%
    37% 7 $1,625,000 $232,143 $0 4.64%
    50-60% 6 $1,740,000 $290,000 $5,373 5.87%
    38% 6 $2,310,000 $385,000 $3,475 4.35%
    40% 5 $575,000 $115,000 $0 4.50%
    36% 5 $835,000 $167,000 $0 4.25%
    41% 4 $1,140,000 $285,000 $7,568 4.97%
    39% 4 $930,000 $232,500 $0 3.78%
    >60% 3 $475,000 $158,333 $0 5.00%
    42% 2 $430,000 $215,000 $0 4.38%
    43% 1 $175,000 $175,000 $0 3.75%
    44% 1 $1,505,000 $1,505,000 $0 3.88%

    Natbank lent most frequently to those with DTI ratios of 20-30%, with 41 originations. The next most common DTI ratio? <20%, with 22 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 112 $30,470,000 $272,054 $3,304 4.36%
    Not applicable 33 $6,275,000 $190,152 $0 5.59%
    Black 1 $325,000 $325,000 $0 3.75%
    Asian 2 $220,000 $110,000 $0 6.37%
    American Indian 1 $175,000 $175,000 $0 4.00%

    Approval Rates

    Total approvals of all applications
    95.52%

    Natbank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    78.52%

    Natbank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 149 $37,465,000 $251,443

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 149 $37,465,000 $251,443

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $505,000 $505,000 $0 4.13%
    40-60% 15 $3,255,000 $217,000 $0 5.08%
    60-80% 107 $25,935,000 $242,383 $3,253 4.76%
    80-100% 25 $7,445,000 $297,800 $5,315 3.98%
    Under 20% 1 $325,000 $325,000 $0 4.13%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    NTFN INC. Conventional home mortgage Trouble during payment process 1 100.0%

    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 $45,299
    Natbank, National Association 4031 Oakwood Boulevard Hollywood, FL 33020 Full Service B&M $64,616
    Natbank, National Association 970 N. Congress Avenue, Suite 120 Boynton Beach, FL 33426 Full Service B&M $6,297

    For 2019, Natbank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,016
    Net interest income $7,234
    Total noninterest income $864
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $365
    Trading account gains and fees $0
    Additional Noninterest Income $499
    Pre-tax net operating income $1,537
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,146
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,146
    Minority interest net income $0
    Net income $1,146
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,146

    Natbank's gross interest income from loans was $8,016,000.
    Natbank's net interest income from loans was $7,234,000.
    Natbank's fee based income from loans was $365,000.
    Natbank's net income from loans was $1,146,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $782
    Provision for credit losses $69
    Total noninterest expense $6,492
    Salaries and employee benefits $3,354
    Premises and equipment expense $569
    Additional noninterest expense $2,569
    Applicable income taxes $391
    Net charge-offs $4
    Cash dividends $0

    Natbank's interest expense for loans was $782,000.
    Natbank's payroll and benefits expense were $3,354,000.
    Natbank's property, plant and equipment expenses $569,000.

    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 $144,614
    Deposits held in domestic offices $144,614
    Deposits by Individuals, partnerships, and corporations $144,614
    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 $115,246
    Demand deposits $94,395
    Nontransaction accounts $29,368
    Money market deposit accounts (MMDAs) $1,396
    Other savings deposits (excluding MMDAs) $4,278
    Total time deposits $23,695
    Total time and savings deposits $50,219
    Noninterest-bearing deposits $95,953
    Interest-bearing deposits $48,661
    Retail deposits $128,901
    IRAs and Keogh plan accounts $0
    Brokered deposits $7,479
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $193,785
    Cash & Balances due from depository institutions $39,844
    Interest-bearing balances $31,611
    Total securities $2,682
    Federal funds sold & reverse repurchase $59
    Net loans and leases $147,930
    Loan and leases loss allowance $906
    Trading account assets $0
    Bank premises and fixed assets $538
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $2,732

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $193,786
    Total Liabilities $163,167
    Total deposits $144,614
    Interest-bearing deposits $48,661
    Deposits held in domestic offices $144,614
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $17,000
    Subordinated debt $0
    All other liabilities $1,553

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $147,930
    Loan and leases loss allowance $906
    Total loans and leases (domestic) $148,836
    All real estate loans $144,814
    Real estate loans in domestic offices $144,814
    Construction and development loans $3,179
    Residential 1-4 family construction $0
    Other construction, all land development and other land $3,179
    Loans secured by nonfarm nonresidential properties $252
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $252
    Multifamily residential real estate $0
    1-4 family residential loans $141,140
    Farmland loans $243
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $1,174
    To non-U.S. addressees $0
    Loans to individuals $2,822
    Credit card loans $0
    Related Plans $2,100
    Consumer Auto Loans $30
    Other loans to individuals $692
    All other loans & leases $26
    Loans to foreign governments and official institutions $0
    Other loans $26
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,174
    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 $147,930,000 of loans outstanding in 2019. $144,814,000 of loans were in real estate loans. $3,179,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $141,140,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $30,000 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 $229 $76,333
    Nonfarm, nonresidential loans - <$100k 1 $18 $18,000
    Nonfarm, nonresidential loans - $100-250k 1 $3 $3,000
    Nonfarm, nonresidential loans - $250k-1MM 1 $208 $208,000
    Commercial & Industrial, US addressed loans - <$1MM 13 $1,174 $90,308
    Commercial & Industrial, US addressed loans - <$100k 9 $60 $6,667
    Commercial & Industrial, US addressed loans - $250k-1MM 4 $1,114 $278,500
    Farmland loans - <$1MM 1 $243 $243,000
    Farmland loans - $100-250k 1 $243 $243,000