The Neffs National Bank Mortgage Rates, Fees & Info

Neffs, PA

LEI: 549300ZUTKMSWP8JCE68

Tax ID: 23-0910300

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Mortgage Data

Bank Data

Review & Overview

The Neffs National Bank is a smaller bank specializing in Home Purchase and Refi loans. The Neffs National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Allentown, Pottsville, Philadelphia, Reading, and East Stroudsburg among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Neffs National Bank has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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

93

Origination Dollar Volume (All Markets)

$15,345,000

Employee count

42

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) 79 $12,725,000 $161,076 $0 0.00%
Pottsville, PA (FHA|USDA|VA) 8 $1,370,000 $171,250 $0 0.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $660,000 $330,000 $0 0.00%
READING, PA (FHA|USDA|VA) 2 $370,000 $185,000 $0 0.00%
Outside of Metro Areas 1 $145,000 $145,000 $0 0.00%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
The Neffs National Bank's top markets include Allentown, Pottsville, Philadelphia, Reading, and East Stroudsburg 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.

    Penn Community Bank
    Similarity Rank: 276
    ESSA Bank & Trust
    Similarity Rank: 280
    MILLENIUM HOME MORTGAGE, LLC
    Similarity Rank: 869
    Investors Bank
    Similarity Rank: 1175
    AFFINITY
    Similarity Rank: 1536
    Unity Bank
    Similarity Rank: 1632

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 93 $15,345,000 $165,000 $0 0.00%

    For 2019, The Neffs National Bank's most frequently originated type of loan was Conventional, with 93 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 40 $7,910,000 $197,750 $0 0.00%
    Refi 39 $6,845,000 $175,513 $0 0.00%
    Home Improvement 11 $525,000 $47,727 $0 0.00%
    Other 3 $65,000 $21,667 $0 0.00%

    For 2019, The Neffs National Bank's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Refi, with 39 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 93 $15,345,000 $165,000 $0 0.00%

    For 2019, The Neffs National Bank's most frequently cited loan duration was Other, with 93 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 34 $1,880,000 $55,294 $0 0.00%
    $200k-400k 31 $8,245,000 $265,968 $0 0.00%
    $100k-200k 25 $3,715,000 $148,600 $0 0.00%
    $400k-600k 2 $850,000 $425,000 $0 0.00%
    $600k-1MM 1 $655,000 $655,000 $0 0.00%

    2019 saw The Neffs National Bank place emphasis on $100,000 or less loans with 34 originations, totaling $1,880,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 23 $2,815,000 $122,391 $0 0.00%
    $100k-150k 20 $4,130,000 $206,500 $0 0.00%
    $50k or less 15 $1,625,000 $108,333 $0 0.00%
    $75k-100k 12 $1,940,000 $161,667 $0 0.00%
    $150k-250k 6 $1,540,000 $256,667 $0 0.00%
    $250k+ 6 $1,970,000 $328,333 $0 0.00%

    The Neffs National Bank lent most frequently to those with incomes in the $50k-75k range, with 23 originations. The second most popular income band? $100k-150k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 93 $15,345,000 $165,000 $0 0.00%

    The Neffs National Bank lent most frequently to those with DTI ratios of Exempt%, with 93 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 87 $14,705,000 $169,023 $0 0.00%
    Not applicable 5 $615,000 $123,000 $0 0.00%
    Black 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.61%

    The Neffs National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.77%

    The Neffs National Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 93 $15,345,000 $165,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $170,000 $85,000
    Single Family (1-4 Units):Site-Built 91 $15,175,000 $166,758

    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 $298,179

    For 2019, The Neffs National Bank had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,806
    Net interest income $10,370
    Total noninterest income $180
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $71
    Trading account gains and fees $0
    Additional Noninterest Income $109
    Pre-tax net operating income $4,903
    Securities gains (or losses, -) $792
    Income before extraordinary items $4,977
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,977
    Minority interest net income $0
    Net income $4,977
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,287

    The Neffs National Bank's gross interest income from loans was $13,806,000.
    The Neffs National Bank's net interest income from loans was $10,370,000.
    The Neffs National Bank's fee based income from loans was $71,000.
    The Neffs National Bank's net income from loans was $4,977,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,436
    Provision for credit losses $0
    Total noninterest expense $5,647
    Salaries and employee benefits $3,195
    Premises and equipment expense $683
    Additional noninterest expense $1,769
    Applicable income taxes $718
    Net charge-offs $-2
    Cash dividends $1,625

    The Neffs National Bank's interest expense for loans was $3,436,000.
    The Neffs National Bank's payroll and benefits expense were $3,195,000.
    The Neffs National Bank's property, plant and equipment expenses $683,000.

    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 $294,447
    Deposits held in domestic offices $294,447
    Deposits by Individuals, partnerships, and corporations $284,971
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $9,476
    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 $68,671
    Demand deposits $57,971
    Nontransaction accounts $225,776
    Money market deposit accounts (MMDAs) $16,916
    Other savings deposits (excluding MMDAs) $69,029
    Total time deposits $139,831
    Total time and savings deposits $236,476
    Noninterest-bearing deposits $57,971
    Interest-bearing deposits $236,476
    Retail deposits $277,809
    IRAs and Keogh plan accounts $45,429
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $375,741
    Cash & Balances due from depository institutions $2,691
    Interest-bearing balances $914
    Total securities $182,546
    Federal funds sold & reverse repurchase $0
    Net loans and leases $185,073
    Loan and leases loss allowance $2,045
    Trading account assets $0
    Bank premises and fixed assets $1,928
    Other real estate owned $702
    Goodwill and other intangibles $0
    All other assets $2,801

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $375,741
    Total Liabilities $305,489
    Total deposits $294,447
    Interest-bearing deposits $236,476
    Deposits held in domestic offices $294,447
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $123
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $919

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $185,073
    Loan and leases loss allowance $2,045
    Total loans and leases (domestic) $187,118
    All real estate loans $160,349
    Real estate loans in domestic offices $160,349
    Construction and development loans $53
    Residential 1-4 family construction $53
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $66,810
    Nonfarm nonresidential secured by owner-occupied properties $13,362
    Commercial real estate & other non-farm, non-residential $53,448
    Multifamily residential real estate $2,210
    1-4 family residential loans $89,778
    Farmland loans $1,498
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $6,432
    To non-U.S. addressees $0
    Loans to individuals $9,811
    Credit card loans $0
    Related Plans $410
    Consumer Auto Loans $7,357
    Other loans to individuals $2,044
    All other loans & leases $10,526
    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 $1,762
    Non 1-4 family restructured loans & leases $1,528
    Total loans and leases (foreign) $0

    The Neffs National Bank had $185,073,000 of loans outstanding in 2019. $160,349,000 of loans were in real estate loans. $53,000 of loans were in development loans. $2,210,000 of loans were in multifamily mortgage loans. $89,778,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $7,357,000 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 340 $43,157 $126,932
    Nonfarm, nonresidential loans - <$100k 145 $6,602 $45,531
    Nonfarm, nonresidential loans - $100-250k 131 $14,432 $110,168
    Nonfarm, nonresidential loans - $250k-1MM 64 $22,123 $345,672
    Commercial & Industrial, US addressed loans - <$1MM 153 $6,432 $42,039
    Commercial & Industrial, US addressed loans - <$100k 124 $3,025 $24,395
    Commercial & Industrial, US addressed loans - $100-250k 25 $2,248 $89,920
    Commercial & Industrial, US addressed loans - $250k-1MM 4 $1,159 $289,750
    Farmland loans - <$1MM 5 $1,068 $213,600
    Farmland loans - $100-250k 2 $422 $211,000
    Farmland loans - $250k-1MM 3 $646 $215,333