1 star ratingAverage User Rating:
1 star rating based on 1 review.

North American Savings Bank

North American Savings Bank Locations
125th And South 71 Highway
Grandview, MO 64030
(816) 765-2200
www.nasb.com



North American Savings Bank is headquartered in Grandview and is the 15st largest bank in the state of Missouri. It is also the 537th largest bank in the nation. It was established in 1923 and as of September of 2011, it had grown to 384 employees at 9 locations. North American Savings Bank's money market rates are 16% higher than the national average, and it has a 3-star health rating.

North American Savings Bank Routing Number: 301071631

Related Posts

Special 13-Month CD Rate at North American Savings Bank - Available Nationwide - 12/12/2011

North American Savings Bank is offering a new special CD with two competitive rates. It's a 13-month CD, and the highest rate is 1.31% APY. This requires that you are an existing customer with a check ...

North American Savings Bank E-Checking (Forum) - 5/13/2011

I received this email promotion from NASB on 5/11.  I believe it's a new product. E-Checking  - $100 min to avoid 7.50 MSF, Balances of $100 - $250,000 earn 1.00%, > $250,000 earn 0% E-Savings  - same terms as above Annual Percenta

Top 14-Month & 23-Month CD Specials at NASB - Available Nationwide - 8/20/2010

North American Savings Bank is offering a new special CD with a competitive rate. It has a 23-month term with a 2.05% APY. Minimum deposit is $1,000. The bank continues to offer its very competitive 1 ...

North American Savings Bank Enters into Supervisory Agreement with OTS (Forum) - 5/8/2010

One new addition to Calculated Risk Blog's Unofficial Problem Bank List is North American Savings Bank, which is the bank that has been offering several hot nationwide CD deals in last few weeks. The bank's parent mentioned this supervisory agreement in a

2010




See Rates for: Checking | Savings | Money Market | CD | IRA

North American Savings Bank Checking Account Rates

ApyMinMaxProduct
0.25%$2,500-Elite 50 Checking
0.25%$2,500-Preferred Checking

North American Savings Bank Savings Account Rates

ApyMinMaxProduct
0.65%$75k-Performance Savings
0.60%$75k-Select III Savings
0.39%--Smart Savers Savings
0.19%--Statement Savings
0.19%--Stepping Stones Savings
0.19%--Building Blocks Savings

North American Savings Bank Money Market Rates

ApyMinMaxProduct
0.75%$50k-Money Market

North American Savings Bank CD Rates

ApyMinMaxProduct
1.10%$1k-48 - 59 Month CD
1.10%$1k-60 - 120 Month CD
1.05%$1k-36 - 47 Month CD
1.01%$1k-13 Month Primary NASB Relationship CD Special
0.90%$1k-13 Month CD Special
0.80%$1k-24 - 35 Month CD
0.45%$1k-12 - 23 Month CD
0.30%$1k-6 - 11 Month CD
0.20%$1k-3 - 5 Month CD

North American Savings Bank IRA Rates

ApyMinMaxProduct
1.10%$1k-48 - 59 Month Roth IRA
1.10%$1k-60 - 120 Month IRA
1.10%$1k-48 - 59 Month IRA
1.10%$1k-60 - 120 Month Roth IRA
1.10%$1k-48 - 59 Month CESA
1.10%$1k-60 - 120 Month CESA
1.05%$1k-36 - 47 Month IRA
1.05%$1k-36 - 47 Month Roth IRA
1.05%$1k-36 - 47 Month CESA
1.01%$1k-13 Month Primary NASB Relationship CESA Special
1.01%$1k-13 Month Primary NASB Relationship IRA Special
1.01%$1k-13 Month Primary NASB Relationship Roth IRA Special
0.90%$1k-13 Month Roth IRA Special
0.90%$1k-13 Month IRA Special
0.90%$1k-13 Month CESA Special
0.80%$1k-24 - 35 Month Roth IRA
0.80%$1k-24 - 35 Month IRA
0.80%$1k-24 - 35 Month CESA
0.45%$1k-12 - 23 Month IRA
0.45%$100-12 Month Fixed IRA
0.45%$1k-12 - 23 Month Roth IRA
0.45%$100-12 Month Fixed Roth IRA
0.45%$1k-12 - 23 Month CESA
0.45%$100-12 Month Fixed CESA
0.30%$1k-6 - 11 Month Roth IRA
0.30%$1k-6 - 11 Month IRA
0.30%$1k-6 - 11 Month CESA
0.20%$1k-3 - 5 Month IRA
0.20%$1k-3 - 5 Month Roth IRA
0.20%$1k-3 - 5 Month CESA

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


North American Savings Bank, F.S.B.
OTS #03927
FDIC Certificate #29708
BankRate ReportView
Year Established1923
Employees384
Primary RegulatorOCC

Assets and Liabilities

Assets$1.23 billion
Loans$1.03 billion
Deposits$822.87 million
Equity Capital$153.50 million
Loan Loss Allowance$31.18 million
Unbacked Noncurrent Loans$23.82 million
Real Estate Owned$16.94 million

Historic Data - September 2010

Assets$1.41 billion
Equity Capital$170.42 million
Loan Loss Allowance$17.68 million
Unbacked Noncurrent Loans$22.19 million
Real Estate Owned$38.36 million

Profit Margin - Quarterly

Net Interest Margin4.6%
Return on Assets-1.37%
Return on Equity-11.22%
Interest Income$53.96 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 North American Savings Bank had $40.76 million in non-current loans and owned real-estate with $184.68 million in equity and loan loss allowances on hand to cover it. This gives North American Savings Bank a Texas Ratio of 22.07% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for North American Savings Bank decreased slightly from 32.33% as of September 30, 2010 to 22.07% as of September 30, 2011, resulting in a positive change of 31.73%.This indicates that the balance sheet and financial strength for North American Savings Bank has improved slightly in recent periods.
Deposit Growth1
In the past year, North American Savings Bank has decreased its total deposits by -$123.87 million, resulting in -13.08% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth North American Savings Bank has shown is poor.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. North American Savings Bank has $1.23 billion in assets with $184.68 million in equity, resulting in a capitalization level of 14.98%, which is excellent.
Write Review

Do Not Use NASB For Your Mortgage!!!
1 stars - cmm325 - Friday, December 30, 2011 - 10:04 AM

From the beginning it appeared that going with NASB for my mortgage would be a smooth process.  This was far from the truth when it got down to crunch time. I DO NOT recommending contacting NASB for anything at all regarding a mortgage.

 

NASB had 30 days to secure a loan and 38 days to close on my condo.  The day before I was suppose to have a loan commitment I received an email from my loan officer at 3:42PM stating they would be late.  They had to do an extra “field review”.  Mind you my agent said they had never had this problem with the previous 28 units sold in the condo development.  Wells Fargo, NASB’s underwriter, demanded this field review to sign off on the loan.  The review itself was a bit ridiculous itself considering the developments past, but to realize the review needed to happen less than 24 hours before a loan commitment was due?  That’s inexcusable.  NASB was 10 days late securing a loan commitment while up until 2 days before it was due all I heard was “Don’t worry we will get it done on time”.  This caused me to close 8 business days later than I was expecting to.   Also they charged me an extra $325 for an extra appraisal (which was basically just a second appraiser double checking what the first one did) and would not waive that fee even thought NASB was late every single step of the way.

 

In summary, in a time critical process NASB and their underwriter’s weren’t able to meet any sort of a deadline at all.  What good is a decent rating on the BBB website if you can’t meet any deadlines as a mortgage provider??  That’s like being an eight foot ball basketball player and not being able to catch, dribble, or shoot the basketball.  PLEASE use somebody else to secure a loan for your new house or condo to avoid what I had to go through.  NASB failed to meet any expectations I had for them.  I know every company has little slip ups.  This was a major one.  Stay away from NASB for your mortgage if you want to close on your home on time.  Everything NASB was extremely last minute.  Reply to this review and I can email you actual emails from NASB with dates and time stamps on them.

1