North American Savings Bank

What North American Savings Bank does

North American Savings Bank (NASB) is a federally chartered, FDIC-insured savings bank (FDIC Certificate #29708; NMLS ID# 400039) founded in 1927 and headquartered in Kansas City, Missouri. The bank operates a hybrid model combining a traditional retail deposit franchise with 10 branches across the Kansas City metro area and a nationwide mortgage origination platform serving borrowers across the United States. Personal banking products span four checking accounts, eight savings accounts, money market, certificates of deposit, and IRA accounts, supported by online banking, a mobile app, and e-Statement delivery.

Name

North American Savings Bank

Legal name

North American Savings Bank, F.S.B.

Website

https://nasb.com

Company type

Private

Founded year

1927

Operating status

Operating

Headcount range

251–500 employees

Short description

North American Savings Bank is a federally chartered, FDIC-insured savings bank founded in 1927 in Kansas City, Missouri. It serves retail banking customers through 10 Kansas City branches and operates a nationwide mortgage origination business specializing in non-QM loans for self-employed borrowers and real estate investors.

Ownership category

akta.pro rank

Product category

Retail and Mortgage Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Savings Institutions and Other Depository Credit Intermediation (52218), Depository Credit Intermediation (5221)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Real Estate (Commercial Property, REITs) (FSABACAH), Digital Banking & Neobank Platforms (BPAMAFAD)

Keywords

• Retail banking services
• Non-QM mortgage lending
• Consumer deposit accounts
• Investment real estate finance
• Digital banking access

Headquarters

HQ city

Kansas City

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Mortgage Lending Revenue: Interest income from mortgage originations including conventional loans (FHA, VA, conventional), non-QM loans (bank statement, 1099, DSCR, P&L, jumbo, bridge, investment property), and portfolio loans. As a portfolio lender, NASB holds many loans on its balance sheet while also selling some loans into the secondary market. Non-QM loans are a specialty with rates typically higher than conventional 30-year fixed rates due to borrower profiles.
2. Retail Deposit Services: Interest expense paid to depositors; spread between lending rates and deposit rates. Products include checking accounts (Flourish, Prosper, Thrive, Advance), savings accounts (High Rate, Ultimate, Stepping Stones, Statement, Smart Savers, Select III, Performance, Super Saver), money market accounts (Premium Money Market Checking), and certificates of deposit (Fixed Rate IRA CD).
3. Loan Servicing: Loan servicing fees, escrow account management, payoff processing, automatic payment setup, and e-statement delivery services for existing mortgage customers.
4. Banking Fees and Services: Fees associated with banking services including overdraft protection, wire transfers, check ordering, replacement cards, and tax document requests. 24-hour Personal Access Line (PAL) for account access.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

North American Savings Bank is a federally chartered savings bank offering personal deposit accounts, digital banking, and residential mortgage products. It also provides portfolio-based non-QM mortgages, refinancing, and commercial and residential investment real estate loans, with personal banking concentrated around Kansas City and mortgage lending offered nationwide.

Product overview

North American Savings Bank (NASB) is a federally chartered, FDIC-insured savings bank headquartered in Kansas City, Missouri, established in 1927. The company offers a comprehensive financial services platform comprising personal banking products (checking, savings, CDs, money market accounts) and an extensive mortgage lending portfolio. The mortgage offerings include conventional conforming loans (FHA, VA, conventional) and a robust suite of Non-QM (non-qualified mortgage) products specifically designed for self-employed borrowers, including Bank Statement Loans, 1099 Mortgage Loans, DSCR Loans, Asset Depletion Mortgages, P&L Mortgages, and Jumbo Loans. NASB operates as both a traditional community bank with 10 branch locations in the Kansas City metro area and as a national mortgage lender serving customers across the country. Digital banking services including online banking, mobile banking app, and e-statements complement the branch-based banking experience. The bank is distinguished by its portfolio lending approach, holding non-QM loans in-house rather than selling them to the secondary market, enabling more flexible underwriting for borrowers with non-traditional income documentation.

Differentiator

Problem solved

Functional benefit

Products and services

• Flourish Checking A personal checking account within NASB's checking suite, offered with its stated account features and benefits.
• Prosper Checking An interest-earning personal checking account with enhanced account benefits in NASB's checking suite.
• Thrive Checking A checking account option for personal banking customers within NASB's checking portfolio.
• Advance Checking A checking account option for personal banking customers within NASB's checking portfolio.
• High Rate Savings A savings account for personal banking customers with competitive interest rates.
• Ultimate Savings A savings account within NASB's portfolio of personal savings products.
• Stepping Stones Savings A savings account within NASB's portfolio of personal savings products.
• Statement Savings A savings account that provides periodic statements for tracking account activity.
• Smart Savers Savings A savings account for saver demographics within NASB's savings product portfolio.
• Select III Savings A savings account within NASB's portfolio of personal savings products.
• Performance Savings A savings account within NASB's portfolio of personal savings products.
• Super Saver Savings A savings account within NASB's portfolio of personal savings products.
• IRA Savings Account An Individual Retirement Account savings option for retirement savings with tax advantages.
• Certificate of Deposit (CD) A time-deposit account with fixed terms and competitive rates for short- to long-term savings.
• Fixed Rate IRA CD An IRA certificate of deposit combining fixed-rate returns with retirement tax advantages.
• Premium Money Market Checking A money-market account combining checking features with competitive interest rates.
• Bank Statement Loan A mortgage for self-employed borrowers that uses 12 or 24 months of bank statements to verify income instead of tax returns or W-2s, with loan amounts from $200,000 to $1,250,000 and as little as 10% down.
• 1099 Mortgage Loan A mortgage using 1099-NEC income documentation for independent contractors and freelancers, considering 100% of 1099 income with a 20% minimum down payment and $200,000 minimum loan amount.
• DSCR Loan A debt-service-coverage-ratio mortgage for real estate investors that qualifies borrowers using property cash flow rather than borrower income; it requires a minimum 700 FICO, $200,000 minimum loan amount, and 25% down payment.
• DSCR Loans for LLCs A DSCR mortgage structured for limited liability companies that hold investment properties.
• IRA Non-Recourse Loans Non-recourse mortgages for self-directed IRA investors to use retirement funds for real estate investment without personal liability.
• Non-Conforming Loan A portfolio loan for borrowers who do not meet conventional mortgage guidelines, with flexible underwriting standards.
• Investment Property Loan Mortgage financing for purchasing or refinancing investment real estate.
• Jumbo Loan A mortgage for home purchases above conforming loan limits, requiring a minimum 720 FICO, $805,501 minimum loan amount, and 20% down payment.
• Bridge Loan Short-term financing for borrowers transitioning between properties until permanent financing is secured.
• Asset Depletion Mortgage A mortgage that calculates qualifying income from liquid assets for borrowers with limited traditional income documentation, requiring a minimum 700 FICO, $200,000 minimum loan amount, and 20% down payment.
• Non-Warrantable Condo Loan Financing for condominiums that do not meet GSE warrantable-condo requirements, providing an alternative path to condo ownership.
• Credit Event Home Loan A mortgage for borrowers who have experienced credit events such as bankruptcy, with a minimum 620 FICO and 30% down payment.
• P&L Mortgage A mortgage using a CPA-prepared profit-and-loss statement for self-employed borrowers whose profitability is not reflected in tax returns; it has a $200,000 minimum loan amount, 20% down payment, and 80% maximum LTV.
• Conventional Loan A traditional mortgage meeting Fannie Mae and Freddie Mac guidelines with standard documentation requirements.
• VA Home Loan A Veterans Affairs-backed mortgage for eligible service members, veterans, and surviving spouses.
• FHA Loan A Federal Housing Administration-insured mortgage with lower down-payment requirements for qualified borrowers.
• Adjustable Rate Mortgage A mortgage whose interest rate adjusts with market conditions after an initial fixed period.
• Fannie Mae HomeReady Mortgage A low-down-payment mortgage program for creditworthy borrowers who meet Fannie Mae HomeReady guidelines.
• Freddie Mac Home Possible Mortgage An affordable mortgage meeting Freddie Mac Home Possible criteria for low- to moderate-income borrowers.
• Cash-Out Refinance A refinance option that lets borrowers extract property equity by refinancing for more than the current loan balance.
• Rate and Term Refinance A refinance option for changing the interest rate, loan term, or fixed-versus-adjustable rate structure without extracting cash.
• VA Refinance A Veterans Affairs refinance option that includes Interest Rate Reduction Refinance Loans for eligible VA borrowers.
• Dream Possible Home Loan A mortgage program designed to help borrowers achieve homeownership through flexible qualification criteria.
• Home Buying Advantage A program providing advantages and support for home buyers navigating the purchase process.
• MHDC Mortgage Assistance Programs Missouri Housing Development Commission programs offering down-payment assistance and affordable financing for qualifying Missouri residents.
• Second Home Mortgage Financing for purchasing or refinancing a secondary residence.
• Commercial Construction Loans Financing for commercial construction projects within NASB's investment real estate portfolio.
• Residential Construction & Development Loans Financing for residential construction and development projects for real estate investors.
• Online Banking A web-based banking service providing 24/7 account access, bill payment, fund transfers, e-statements, and account management, with a $5,000 daily transfer limit.
• Mobile Banking App A smartphone application for managing NASB banking accounts on the go with full banking functionality.
• NASB Banking e-Statements Electronic statement delivery for deposit accounts, accessible through online banking.
• NASB Mortgage Loan e-Statements Electronic statement delivery for mortgage loan accounts, accessible through online banking.
• Consumer Loan Portal An online platform for managing consumer loan applications and accounts at nasb.mymortgage-online.com.

Quantifiable outcome

• 4.96/5.0 Zillow rating based on 1,605 customer reviews
• +4 more outcomes

Named customers15 records

Segments6 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators8 records

Recent moves6 records

Direct peers

• NewRez (formerly New Penn Financial): National mortgage lender and servicer with a robust non-QM division (NewRez Non-QM) offering bank statement, DSCR, and asset depletion products. Closest functional competitor to NASB's specialized non-QM platform.
• Fairway Independent Mortgage Corporation: National retail mortgage lender well-known for non-QM and bank statement loan expertise. Direct competitor for self-employed borrowers and real estate investors in NASB's addressable market.
• United Wholesale Mortgage (UWM): Largest US mortgage lender by volume, primarily wholesale but with growing non-QM (UWM product line) and Bank Statement offerings. Directly competes for the same self-employed and broker-sourced borrower segments that NASB serves through its portfolio platform.
• Guild Mortgage: National retail mortgage lender with conventional, government, and non-QM (Guild's non-QM suite including bank statement and DSCR) products. Competes directly for self-employed and investor segments at a similar mid-market scale.
• loanDepot: National retail and wholesale mortgage lender with a comparable mix of conventional purchase/refinance and non-QM products including bank statement and DSCR loans. Targets similar segments (self-employed, investors) with a hybrid retail-direct model.
• Rocket Mortgage (Quicken Loans / Rock Holdings): America's largest mortgage lender and a major player in online mortgage origination with non-QM and bank statement loan products. Operates a national digital mortgage platform that directly competes with NASB's self-employed borrower focus, though at vastly greater scale and broader product breadth.
• Caliber Home Loans: Direct-to-consumer and retail mortgage lender with a sizable non-QM/corresponding lending business serving self-employed, investor, and credit-event borrowers. Similar product mix and customer targeting to NASB's non-QM suite.

Emerging players

• Better.com: Digital-first mortgage lender offering streamlined online origination with expanding self-employed and bank statement loan capabilities. Represents the fintech-native competitive threat to NASB's national non-QM digital lending platform.

Regional players

• Commerce Bancshares: Major Kansas City-based bank holding company (parent of Commerce Bank) operating retail, commercial, and wealth businesses across multiple states. Direct competitor for retail deposits and mortgage lending in the KC metro area where NASB operates its 10 branches.
• UMB Financial Corporation: Large Kansas City-headquartered regional bank holding company with national commercial banking, asset management, and institutional banking. Closest geographic peer to NASB in the KC metro market, though operates at materially larger scale and broader product set.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/NASB.Bank
• Instagraminstagram.com/nasb.bank
• LinkedInlinkedin.com/company/north-american-savings-bank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about North American Savings Bank