The Neffs National Bank Mortgage Rates, Fees & Info

Neffs, PA

LEI: 549300ZUTKMSWP8JCE68

Tax ID: 23-0910300

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

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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

    The Neffs National Bank is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. The Neffs National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Allentown, East Stroudsburg, and Pottsville among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Neffs National Bank 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. The Neffs National Bank 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.

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    Originations

    85

    Origination Dollar Volume (All Markets)

    $13,755,000

    Employee count

    37

    Awards

    The Neffs National Bank 30 Year Conventional Loans gold The Neffs National Bank 30 Year Conventional Loans gold The Neffs National Bank 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
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 80 $12,720,000 $159,000 $2,499 4.37%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $810,000 $405,000 $3,242 4.00%
    Pottsville, PA (FHA|USDA|VA) 3 $225,000 $75,000 $374 4.41%
    The Neffs National Bank's top markets include Allentown, East Stroudsburg, and Pottsville among others.

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

    • Similar Lenders

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

    The Neffs National Bank
    Similarity Rank: 30
    Penn Community Bank
    Similarity Rank: 36
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 190
    ESSA Bank & Trust
    Similarity Rank: 230
    MILLENIUM HOME MORTGAGE, LLC
    Similarity Rank: 308
    Lafayette Ambassador Bank
    Similarity Rank: 370
    AFFINITY
    Similarity Rank: 480
    First Commonwealth Federal Credit Union
    Similarity Rank: 560
    Unity Bank
    Similarity Rank: 649
    NJ LENDERS CORP.
    Similarity Rank: 714

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 85 $13,755,000 $161,824 $2,455 4.36%

    For 2018, The Neffs National Bank's most frequently originated type of loan was Conventional, with 85 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 33 $6,015,000 $182,273 $3,416 4.61%
    Refi 22 $3,440,000 $156,364 $1,973 4.12%
    Cash Out Refi 16 $3,330,000 $208,125 $3,628 4.40%
    Home Improvement 13 $685,000 $52,692 $300 4.08%
    Other 1 $285,000 $285,000 $4,102 4.75%

    For 2018, The Neffs National Bank's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Refi, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 28 $5,600,000 $200,000 $2,941 4.36%
    Other 21 $2,895,000 $137,857 $1,590 4.46%
    10 Year 14 $1,020,000 $72,857 $314 4.09%
    15 Year 10 $1,480,000 $148,000 $2,862 4.42%
    20 Year 8 $1,980,000 $247,500 $7,476 4.57%
    30+ year 2 $660,000 $330,000 $4,446 4.65%
    5 Year 2 $120,000 $60,000 $0 3.88%

    For 2018, The Neffs National Bank's most frequently cited loan duration was 30 Year, with 28 originations. The 2nd most popular length was Other, with 21 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 49 $8,045,000 $164,184
    $1k-2k 6 $820,000 $136,667
    $2k-3k 4 $960,000 $240,000
    $3k-4k 2 $490,000 $245,000
    $4k-5k 1 $345,000 $345,000
    $5k+ 1 $735,000 $735,000

    The Neffs National Bank's average total fees were $2,941, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 49 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 48 $8,200,000 $170,833
    3-4% 29 $4,745,000 $163,621
    5-6% 7 $715,000 $102,143
    6-7% 1 $95,000 $95,000

    During 2018, The Neffs National Bank's average interest rate for loans was 4.36%, while their most frequently originated rate bucket for loans was 4-5%, with 48 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 31 $1,675,000 $54,032 $517 4.45%
    $100k-200k 26 $3,650,000 $140,385 $2,056 4.35%
    $200k-400k 26 $7,240,000 $278,462 $3,648 4.29%
    $400k-600k 1 $455,000 $455,000 $3,928 4.25%
    $600k-1MM 1 $735,000 $735,000 $14,858 4.00%

    2018 saw The Neffs National Bank place emphasis on $100,000 or less loans with 31 originations, totaling $1,675,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 21 $2,175,000 $103,571 $1,544 4.32%
    $75k-100k 17 $2,855,000 $167,941 $2,327 4.12%
    $150k-250k 13 $3,025,000 $232,692 $2,844 4.27%
    $50k or less 12 $1,140,000 $95,000 $1,890 4.36%
    $100k-150k 10 $2,360,000 $236,000 $4,741 4.42%
    $250k+ 6 $1,190,000 $198,333 $3,453 4.70%

    The Neffs National Bank lent most frequently to those with incomes in the $50k-75k range, with 21 originations. The second most popular income band? $75k-100k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 19 $3,395,000 $178,684 $2,288 4.07%
    20-30% 16 $2,720,000 $170,000 $2,612 4.19%
    <20% 7 $305,000 $43,571 $426 4.19%
    50-60% 5 $1,445,000 $289,000 $6,077 3.96%
    40% 4 $400,000 $100,000 $1,938 4.38%
    43% 4 $720,000 $180,000 $2,411 3.81%
    42% 3 $545,000 $181,667 $2,394 4.72%
    49% 3 $365,000 $121,667 $509 4.18%
    38% 2 $490,000 $245,000 $4,710 4.43%
    45% 1 $305,000 $305,000 $3,075 4.10%
    46% 1 $355,000 $355,000 $3,302 4.60%
    >60% 1 $385,000 $385,000 $3,973 4.85%
    37% 1 $65,000 $65,000 $0 4.25%
    39% 1 $155,000 $155,000 $1,535 3.75%

    The Neffs National Bank lent most frequently to those with DTI ratios of 30-36%, with 19 originations. The next most common DTI ratio? 20-30%, with 16 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 82 $13,310,000 $162,317 $2,455 4.33%
    Not applicable 3 $445,000 $148,333 $0 5.33%

    Approval Rates

    Total approvals of all applications
    92.45%

    The Neffs National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.06%

    The Neffs National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 85 $13,755,000 $161,824

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $50,000 $25,000
    Single Family (1-4 Units):Site-Built 83 $13,705,000 $165,120

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $855,000 $65,769 $766 4.27%
    40-60% 12 $2,050,000 $170,833 $2,961 4.33%
    60-80% 34 $6,080,000 $178,824 $2,867 4.44%
    80-100% 17 $4,315,000 $253,824 $3,246 4.44%
    Over 100% 1 $115,000 $115,000 $0 4.95%
    Under 20% 8 $340,000 $42,500 $248 4.01%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Neffs National Bank 5629 Pennsylvania Route 873 Neffs, PA 18065 Full Service B&M $281,814

    For 2018, The Neffs National Bank had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,111
    Net interest income $10,202
    Total noninterest income $200
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $80
    Trading account gains and fees $0
    Additional Noninterest Income $120
    Pre-tax net operating income $5,260
    Securities gains (or losses, -) $485
    Income before extraordinary items $5,006
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,006
    Minority interest net income $0
    Net income $5,006
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,584

    The Neffs National Bank's gross interest income from loans was $13,111,000.
    The Neffs National Bank's net interest income from loans was $10,202,000.
    The Neffs National Bank's fee based income from loans was $80,000.
    The Neffs National Bank's net income from loans was $5,006,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,909
    Provision for credit losses $179
    Total noninterest expense $4,963
    Salaries and employee benefits $2,784
    Premises and equipment expense $636
    Additional noninterest expense $1,543
    Applicable income taxes $739
    Net charge-offs $226
    Cash dividends $2,200

    The Neffs National Bank's interest expense for loans was $2,909,000.
    The Neffs National Bank's payroll and benefits expense were $2,784,000.
    The Neffs National Bank's property, plant and equipment expenses $636,000.

    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 1.0%
    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 $295,699
    Deposits held in domestic offices $295,699
    Deposits by Individuals, partnerships, and corporations $286,857
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $8,842
    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 $64,473
    Demand deposits $53,460
    Nontransaction accounts $231,226
    Money market deposit accounts (MMDAs) $14,874
    Other savings deposits (excluding MMDAs) $74,495
    Total time deposits $141,857
    Total time and savings deposits $242,239
    Noninterest-bearing deposits $53,460
    Interest-bearing deposits $242,239
    Retail deposits $278,677
    IRAs and Keogh plan accounts $46,376
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $370,451
    Cash & Balances due from depository institutions $9,891
    Interest-bearing balances $5,898
    Total securities $177,995
    Federal funds sold & reverse repurchase $0
    Net loans and leases $177,407
    Loan and leases loss allowance $2,043
    Trading account assets $0
    Bank premises and fixed assets $1,859
    Other real estate owned $69
    Goodwill and other intangibles $0
    All other assets $3,230

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $370,451
    Total Liabilities $304,794
    Total deposits $295,699
    Interest-bearing deposits $242,239
    Deposits held in domestic offices $295,699
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $8,250
    Subordinated debt $0
    All other liabilities $845

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $177,407
    Loan and leases loss allowance $2,043
    Total loans and leases (domestic) $179,450
    All real estate loans $153,823
    Real estate loans in domestic offices $153,823
    Construction and development loans $564
    Residential 1-4 family construction $564
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $62,609
    Nonfarm nonresidential secured by owner-occupied properties $12,522
    Commercial real estate & other non-farm, non-residential $50,087
    Multifamily residential real estate $2,284
    1-4 family residential loans $86,797
    Farmland loans $1,569
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $5,776
    To non-U.S. addressees $0
    Loans to individuals $7,235
    Credit card loans $0
    Related Plans $436
    Consumer Auto Loans $4,694
    Other loans to individuals $2,105
    All other loans & leases $12,616
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $1,331
    Non 1-4 family restructured loans & leases $1,052
    Total loans and leases (foreign) $0

    The Neffs National Bank had $177,407,000 of loans outstanding in 2018. $153,823,000 of loans were in real estate loans. $564,000 of loans were in development loans. $2,284,000 of loans were in multifamily mortgage loans. $86,797,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $4,694,000 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 347 $41,410 $119,337
    Nonfarm, nonresidential loans - <$100k 151 $5,263 $34,854
    Nonfarm, nonresidential loans - $100-250k 133 $14,811 $111,361
    Nonfarm, nonresidential loans - $250k-1MM 63 $21,336 $338,667
    Commercial & Industrial, US addressed loans - <$1MM 140 $5,776 $41,257
    Commercial & Industrial, US addressed loans - <$100k 110 $2,516 $22,873
    Commercial & Industrial, US addressed loans - $100-250k 25 $2,151 $86,040
    Commercial & Industrial, US addressed loans - $250k-1MM 5 $1,109 $221,800
    Farmland loans - <$1MM 5 $1,158 $231,600
    Farmland loans - $100-250k 2 $444 $222,000
    Farmland loans - $250k-1MM 3 $714 $238,000