NASB Financial, Inc.
| OTC Markets: NASB
Similar to: Huntington Bancshares, Inc.
NASB Financial, Inc. operates as a bank holding company. The company is operating through its subsidiary, North American Savings Bank, FSB which provides various banking and financial services. It attracts deposits from the general public to originate real estate loans, other loans and short-term investments. The company obtains funds mainly from deposits received from the general public, sale of loans and loan participations, advances from the FHLB, and principal repayments on loans and mortgage-backed securities. The Bank's primary sources of income include interest on loans, interest on MBS, interest on investment securities, customer service fees, and mortgage banking fees. Its primary expenses are interest payments on customer deposit accounts and borrowings and normal operating costs. The company operates into two segments: Banking and Mortgage Banking. The Banking segment provides a full range of banking services through the bank's branch network, exclusive of mortgage loan originations. The Mortgage Banking segment originates mortgage loans for sale to investors and for the portfolio of the banking segment. The company was founded in April 1998 and is headquartered in Grandview, MO.