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 Refi and Home Purchase loans. The Neffs National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Allentown, Pottsville, East Stroudsburg, New York, and Reading among others. We have data for 5 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

144

Origination Dollar Volume (All Markets)

$28,300,000

Employee count

47

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) 134 $26,150,000 $195,149 $0 0.00%
Pottsville, PA (FHA|USDA|VA) 4 $810,000 $202,500 $0 0.00%
EAST STROUDSBURG, PA (FHA|USDA|VA) 4 $570,000 $142,500 $0 0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
READING, PA (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
The Neffs National Bank's top markets include Allentown, Pottsville, East Stroudsburg, New York, and Reading 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
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 144 $28,300,000 $196,528 $0 0.00%

    For 2021, The Neffs National Bank's most frequently originated type of loan was Conventional, with 144 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 89 $16,835,000 $189,157 $0 0.00%
    Home Purchase 46 $11,010,000 $239,348 $0 0.00%
    Home Improvement 8 $410,000 $51,250 $0 0.00%
    Other 1 $45,000 $45,000 $0 0.00%

    For 2021, The Neffs National Bank's most frequently cited loan purpose was Refi, with 89 originations. The 2nd most popular reason was Home Purchase, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 144 $28,300,000 $196,528 $0 0.00%

    For 2021, The Neffs National Bank's most frequently cited loan duration was Other, with 144 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 56 $14,360,000 $256,429 $0 0.00%
    $100k-200k 53 $8,255,000 $155,755 $0 0.00%
    $100,000 or less 27 $1,655,000 $61,296 $0 0.00%
    $400k-600k 8 $4,030,000 $503,750 $0 0.00%

    2021 saw The Neffs National Bank place emphasis on $200k-400k loans with 56 originations, totaling $14,360,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 35 $6,175,000 $176,429 $0 0.00%
    $100k-150k 30 $5,920,000 $197,333 $0 0.00%
    $75k-100k 29 $5,725,000 $197,414 $0 0.00%
    $150k-250k 22 $6,100,000 $277,273 $0 0.00%
    $50k or less 17 $2,005,000 $117,941 $0 0.00%
    $250k+ 4 $1,130,000 $282,500 $0 0.00%

    The Neffs National Bank lent most frequently to those with incomes in the $50k-75k range, with 35 originations. The second most popular income band? $100k-150k, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 144 $28,300,000 $196,528 $0 0.00%

    The Neffs National Bank lent most frequently to those with DTI ratios of Exempt%, with 144 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 137 $26,725,000 $195,073 $0 0.00%
    Not provided 4 $1,000,000 $250,000 $0 0.00%
    Not applicable 3 $575,000 $191,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.77%

    The Neffs National Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    97.92%

    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 144 $28,300,000 $196,528

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    144 $28,300,000 $196,528

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Neffs National Bank 211 S Best Ave Walnutport, PA 18088 Full Service B&M $17,576
    The Neffs National Bank 5629 Pennsylvania Route 873 Neffs, PA 18065 Full Service B&M $344,344

    For 2021, The Neffs National Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,280
    Net interest income $11,134
    Total noninterest income $244
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $65
    Trading account gains and fees $0
    Additional Noninterest Income $179
    Pre-tax net operating income $4,632
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,138
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,138
    Minority interest net income $0
    Net income $4,138
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,138

    The Neffs National Bank's gross interest income from loans was $13,280,000.
    The Neffs National Bank's net interest income from loans was $11,134,000.
    The Neffs National Bank's fee based income from loans was $65,000.
    The Neffs National Bank's net income from loans was $4,138,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,146
    Provision for credit losses $0
    Total noninterest expense $6,746
    Salaries and employee benefits $3,819
    Premises and equipment expense $938
    Additional noninterest expense $1,989
    Applicable income taxes $494
    Net charge-offs $18
    Cash dividends $1,600

    The Neffs National Bank's interest expense for loans was $2,146,000.
    The Neffs National Bank's payroll and benefits expense were $3,819,000.
    The Neffs National Bank's property, plant and equipment expenses $938,000.

    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 $378,040
    Deposits held in domestic offices $378,040
    Deposits by Individuals, partnerships, and corporations $343,748
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $34,292
    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 $95,412
    Demand deposits $77,278
    Nontransaction accounts $282,628
    Money market deposit accounts (MMDAs) $53,840
    Other savings deposits (excluding MMDAs) $106,799
    Total time deposits $121,989
    Total time and savings deposits $300,762
    Noninterest-bearing deposits $77,278
    Interest-bearing deposits $300,762
    Retail deposits $363,530
    IRAs and Keogh plan accounts $43,147
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $462,388
    Cash & Balances due from depository institutions $30,525
    Interest-bearing balances $21,940
    Total securities $218,571
    Federal funds sold & reverse repurchase $0
    Net loans and leases $206,292
    Loan and leases loss allowance $2,240
    Trading account assets $0
    Bank premises and fixed assets $4,115
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $2,885

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $462,388
    Total Liabilities $388,031
    Total deposits $378,040
    Interest-bearing deposits $300,762
    Deposits held in domestic offices $378,040
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $7,500
    Subordinated debt $0
    All other liabilities $2,491

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $206,292
    Loan and leases loss allowance $2,240
    Total loans and leases (domestic) $208,532
    All real estate loans $177,870
    Real estate loans in domestic offices $177,870
    Construction and development loans $432
    Residential 1-4 family construction $432
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $60,808
    Nonfarm nonresidential secured by owner-occupied properties $12,162
    Commercial real estate & other non-farm, non-residential $48,646
    Multifamily residential real estate $1,858
    1-4 family residential loans $113,759
    Farmland loans $1,013
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $7,463
    To non-U.S. addressees $0
    Loans to individuals $13,626
    Credit card loans $0
    Related Plans $328
    Consumer Auto Loans $11,143
    Other loans to individuals $2,155
    All other loans & leases $9,573
    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 $445
    Non 1-4 family restructured loans & leases $248
    Total loans and leases (foreign) $0

    The Neffs National Bank had $206,292,000 of loans outstanding in 2021. $177,870,000 of loans were in real estate loans. $432,000 of loans were in development loans. $1,858,000 of loans were in multifamily mortgage loans. $113,759,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $11,143,000 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 330 $40,672 $123,248
    Nonfarm, nonresidential loans - <$100k 132 $4,072 $30,848
    Nonfarm, nonresidential loans - $100-250k 128 $14,140 $110,469
    Nonfarm, nonresidential loans - $250k-1MM 70 $22,460 $320,857
    Commercial & Industrial, US addressed loans - <$1MM 193 $7,410 $38,394
    Commercial & Industrial, US addressed loans - <$100k 161 $3,950 $24,534
    Commercial & Industrial, US addressed loans - $100-250k 25 $2,238 $89,520
    Commercial & Industrial, US addressed loans - $250k-1MM 7 $1,222 $174,571
    Farmland loans - <$1MM 5 $683 $136,600
    Farmland loans - $100-250k 2 $278 $139,000
    Farmland loans - $250k-1MM 3 $405 $135,000