Sunmark Community Bank Mortgage Rates, Fees & Info
Hawkinsville, GALEI: 5493002W6KWD0REQ1T16
Tax ID: 58-0549681
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Mortgage Data
Bank Data
Review & Overview
Sunmark Community Bank is a smaller bank specializing in Refi and Home Purchase loans. Sunmark Community Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Warner Robins, Macon, Cullowhee, Brunswick, and Albany among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Sunmark Community Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
206Origination Dollar Volume (All Markets)
$28,050,000Employee count
88Top 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 |
|---|---|---|---|---|---|
| WARNER ROBINS, GA (FHA|USDA|VA) | 144 | $13,700,000 | $95,139 | $0 | 0.00% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 20 | $7,950,000 | $397,500 | $0 | 0.00% |
| Outside of Metro Areas | 29 | $4,595,000 | $158,448 | $0 | 0.00% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $0 | 0.00% |
| BRUNSWICK, GA (FHA|USDA|VA) | 5 | $425,000 | $85,000 | $0 | 0.00% |
| ALBANY, GA (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $0 | 0.00% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Cordele, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 204 | $27,690,000 | $135,735 | $0 | 0.00% |
| FHA | 2 | $360,000 | $180,000 | $0 | 0.00% |
For 2019, Sunmark Community Bank's most frequently originated type of loan was Conventional, with 204 originations. Their 2nd most popular type was FHA, with 2 originations.
Loan Reason
For 2019, Sunmark Community Bank's most frequently cited loan purpose was Refi, with 131 originations. The 2nd most popular reason was Home Purchase, with 62 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 206 | $28,050,000 | $136,165 | $0 | 0.00% |
For 2019, Sunmark Community Bank's most frequently cited loan duration was Other, with 206 originations.
Loan Sizing
2019 saw Sunmark Community Bank place emphasis on $100,000 or less loans with 133 originations, totaling $6,035,000 in origination value.
Applicant Income
Sunmark Community Bank lent most frequently to those with incomes in the $75k-100k range, with 36 originations. The second most popular income band? $50k-75k, with 30 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 206 | $28,050,000 | $136,165 | $0 | 0.00% |
Sunmark Community Bank lent most frequently to those with DTI ratios of Exempt%, with 206 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.52%
Sunmark Community Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination70.39%
Sunmark Community Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 206 | $28,050,000 | $136,165 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 13 | $8,735,000 | $671,923 |
| Single Family (1-4 Units):Site-Built | 193 | $19,315,000 | $100,078 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SYNERGY ONE LENDING, INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 37.5% |
| SYNERGY ONE LENDING, INC. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 25.0% |
| SYNERGY ONE LENDING, INC. | FHA mortgage | Closing on a mortgage | 3 | 37.5% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Sunmark Community Bank | 1005 Northside Drive Perry, GA 31069 | Full Service B&M | $16,813 |
| Sunmark Community Bank | 140 Commerce Street Hawkinsville, GA 31036 | Full Service B&M | $92,537 |
| Sunmark Community Bank | 202 W White Rd Byron, GA 31008 | Full Service B&M | $2,901 |
| Sunmark Community Bank | 205 South Camellia Boulevard Fort Valley, GA 31030 | Full Service B&M | $64,973 |
| Sunmark Community Bank | 250 South Houston Lake Road Warner Robins, GA 31088 | Full Service B&M | $49,620 |
| Sunmark Community Bank | 749 Highway 96 Bonaire, GA 31005 | Full Service B&M | $28,465 |
For 2019, Sunmark Community Bank had 6 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $13,477 |
| Net interest income | $12,236 |
| Total noninterest income | $3,393 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $802 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,591 |
| Pre-tax net operating income | $4,017 |
| Securities gains (or losses, -) | $4 |
| Income before extraordinary items | $4,021 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $4,021 |
| Minority interest net income | $0 |
| Net income | $4,021 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $4,017 |
Sunmark Community Bank's gross interest income from loans was $13,477,000.
Sunmark Community Bank's net interest income from loans was $12,236,000.
Sunmark Community Bank's fee based income from loans was $802,000.
Sunmark Community Bank's net income from loans was $4,021,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,241 |
| Provision for credit losses | $256 |
| Total noninterest expense | $11,356 |
| Salaries and employee benefits | $7,397 |
| Premises and equipment expense | $1,001 |
| Additional noninterest expense | $2,958 |
| Applicable income taxes | $0 |
| Net charge-offs | $634 |
| Cash dividends | $1,935 |
Sunmark Community Bank's interest expense for loans was $1,241,000.
Sunmark Community Bank's payroll and benefits expense were $7,397,000.
Sunmark Community Bank's property, plant and equipment expenses $1,001,000.
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 | 1.0% |
| 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 | 1.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $245,769 |
| Deposits held in domestic offices | $245,769 |
| Deposits by Individuals, partnerships, and corporations | $211,487 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $34,194 |
| Deposits by Commercial banks and other depository institutions in U.S. | $88 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $128,057 |
| Demand deposits | $128,057 |
| Nontransaction accounts | $117,712 |
| Money market deposit accounts (MMDAs) | $57,029 |
| Other savings deposits (excluding MMDAs) | $13,236 |
| Total time deposits | $47,448 |
| Total time and savings deposits | $117,712 |
| Noninterest-bearing deposits | $45,498 |
| Interest-bearing deposits | $200,271 |
| Retail deposits | $236,582 |
| IRAs and Keogh plan accounts | $5,355 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $281,595 |
| Cash & Balances due from depository institutions | $39,852 |
| Interest-bearing balances | $29,169 |
| Total securities | $23,885 |
| Federal funds sold & reverse repurchase | $13,350 |
| Net loans and leases | $191,633 |
| Loan and leases loss allowance | $3,512 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,034 |
| Other real estate owned | $514 |
| Goodwill and other intangibles | $0 |
| All other assets | $7,327 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $281,595 |
| Total Liabilities | $250,117 |
| Total deposits | $245,769 |
| Interest-bearing deposits | $200,271 |
| Deposits held in domestic offices | $245,769 |
| % insured (estimated) | $68 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $4,348 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $191,633 |
| Loan and leases loss allowance | $3,512 |
| Total loans and leases (domestic) | $195,145 |
| All real estate loans | $167,331 |
| Real estate loans in domestic offices | $167,331 |
| Construction and development loans | $32,468 |
| Residential 1-4 family construction | $15,905 |
| Other construction, all land development and other land | $16,563 |
| Loans secured by nonfarm nonresidential properties | $66,023 |
| Nonfarm nonresidential secured by owner-occupied properties | $50,117 |
| Commercial real estate & other non-farm, non-residential | $15,906 |
| Multifamily residential real estate | $9,062 |
| 1-4 family residential loans | $55,002 |
| Farmland loans | $4,776 |
| Loans held in foreign offices | $0 |
| Farm loans | $712 |
| Commercial and industrial loans | $19,188 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $7,440 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $3,571 |
| Other loans to individuals | $3,869 |
| All other loans & leases | $474 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $56 |
| 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 | $50 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
SunMark Community Bank had $191,633,000 of loans outstanding in 2019. $167,331,000 of loans were in real estate loans. $32,468,000 of loans were in development loans. $9,062,000 of loans were in multifamily mortgage loans. $55,002,000 of loans were in 1-4 family mortgage loans. $712,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,571,000 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 | 166 | $38,535 | $232,139 |
| Nonfarm, nonresidential loans - <$100k | 42 | $1,350 | $32,143 |
| Nonfarm, nonresidential loans - $100-250k | 46 | $5,281 | $114,804 |
| Nonfarm, nonresidential loans - $250k-1MM | 78 | $31,904 | $409,026 |
| Commercial & Industrial, US addressed loans - <$1MM | 418 | $15,039 | $35,978 |
| Commercial & Industrial, US addressed loans - <$100k | 367 | $7,647 | $20,837 |
| Commercial & Industrial, US addressed loans - $100-250k | 32 | $3,593 | $112,281 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 19 | $3,799 | $199,947 |
| Farmland loans - <$1MM | 32 | $2,894 | $90,438 |
| Farmland loans - <$100k | 16 | $559 | $34,938 |
| Farmland loans - $100-250k | 12 | $1,238 | $103,167 |
| Farmland loans - $250k-1MM | 4 | $1,097 | $274,250 |
| Agriculture operations loans - <$1MM | 4 | $403 | $100,750 |
| Agriculture operations loans - <$100k | 2 | $111 | $55,500 |
| Agriculture operations loans - $250k-1MM | 2 | $292 | $146,000 |