Sunmark Community Bank Mortgage Rates, Fees & Info

Hawkinsville, GA

LEI: 5493002W6KWD0REQ1T16

Tax ID: 58-0549681

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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. Their top markets by origination volume include: Warner Robins, Macon, Athens, Panama City, and Crestview among others. We have data for 11 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 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

    207

    Origination Dollar Volume (All Markets)

    $40,845,000

    Employee count

    78

    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
    WARNER ROBINS, GA (FHA|USDA|VA) 138 $20,360,000 $147,536 $0 0.00%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 22 $14,890,000 $676,818 $0 0.00%
    Outside of Metro Areas 29 $2,695,000 $92,931 $0 0.00%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 5 $955,000 $191,000 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 3 $715,000 $238,333 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $500,000 $250,000 $0 0.00%
    Key West, FL (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    Milledgeville, GA (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    ALBANY, GA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    BRUNSWICK, GA (FHA|USDA|VA) 4 $50,000 $12,500 $0 0.00%
    Cordele, GA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Sunmark Community Bank's top markets include Warner Robins, Macon, Athens, Panama City, and Crestview among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 207 $40,845,000 $197,319 $0 0.00%

    For 2021, Sunmark Community Bank's most frequently originated type of loan was Conventional, with 207 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 115 $17,935,000 $155,957 $0 0.00%
    Home Purchase 74 $21,240,000 $287,027 $0 0.00%
    Home Improvement 13 $1,425,000 $109,615 $0 0.00%
    Other 5 $245,000 $49,000 $0 0.00%

    For 2021, Sunmark Community Bank's most frequently cited loan purpose was Refi, with 115 originations. The 2nd most popular reason was Home Purchase, with 74 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 207 $40,845,000 $197,319 $0 0.00%

    For 2021, Sunmark Community Bank's most frequently cited loan duration was Other, with 207 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 115 $5,585,000 $48,565 $0 0.00%
    $100k-200k 51 $7,275,000 $142,647 $0 0.00%
    $200k-400k 24 $6,520,000 $271,667 $0 0.00%
    $400k-600k 6 $2,610,000 $435,000 $0 0.00%
    $600k-1MM 6 $5,000,000 $833,333 $0 0.00%
    $1MM+ 5 $13,855,000 $2,771,000 $0 0.00%

    2021 saw Sunmark Community Bank place emphasis on $100,000 or less loans with 115 originations, totaling $5,585,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 26 $1,650,000 $63,462 $0 0.00%
    $150k-250k 25 $5,635,000 $225,400 $0 0.00%
    $50k-75k 20 $1,320,000 $66,000 $0 0.00%
    $75k-100k 19 $1,305,000 $68,684 $0 0.00%
    $100k-150k 17 $2,075,000 $122,059 $0 0.00%
    $250k+ 16 $5,140,000 $321,250 $0 0.00%

    Sunmark Community Bank lent most frequently to those with incomes in the $50k or less range, with 26 originations. The second most popular income band? $150k-250k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 207 $40,845,000 $197,319 $0 0.00%

    Sunmark Community Bank lent most frequently to those with DTI ratios of Exempt%, with 207 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 80 $23,130,000 $289,125 $0 0.00%
    White 93 $13,515,000 $145,323 $0 0.00%
    Not provided 10 $1,990,000 $199,000 $0 0.00%
    Black 16 $1,280,000 $80,000 $0 0.00%
    Asian 6 $810,000 $135,000 $0 0.00%
    Native Hawaiian or Islander 1 $65,000 $65,000 $0 0.00%
    American Indian 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.88%

    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 origination
    95.17%

    Sunmark Community 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 207 $40,845,000 $197,319

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    207 $40,845,000 $197,319

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Synergy One Lending, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Synergy One Lending, Inc. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Sunmark Community Bank 1005 Northside Drive Perry, GA 31069 Full Service B&M $37,763
    Sunmark Community Bank 140 Commerce Street Hawkinsville, GA 31036 Full Service B&M $94,445
    Sunmark Community Bank 202 W White Rd Byron, GA 31008 Full Service B&M $13,977
    Sunmark Community Bank 205 South Camellia Boulevard Fort Valley, GA 31030 Full Service B&M $83,301
    Sunmark Community Bank 250 South Houston Lake Road Warner Robins, GA 31088 Full Service B&M $69,902
    Sunmark Community Bank 749 Highway 96 Bonaire, GA 31005 Full Service B&M $38,442

    For 2021, Sunmark Community Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,619
    Net interest income $14,182
    Total noninterest income $2,480
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $668
    Trading account gains and fees $0
    Additional Noninterest Income $1,812
    Pre-tax net operating income $5,755
    Securities gains (or losses, -) $0
    Income before extraordinary items $5,755
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,755
    Minority interest net income $0
    Net income $5,755
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,755

    Sunmark Community Bank's gross interest income from loans was $14,619,000.
    Sunmark Community Bank's net interest income from loans was $14,182,000.
    Sunmark Community Bank's fee based income from loans was $668,000.
    Sunmark Community Bank's net income from loans was $5,755,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $437
    Provision for credit losses $774
    Total noninterest expense $10,133
    Salaries and employee benefits $6,267
    Premises and equipment expense $1,033
    Additional noninterest expense $2,833
    Applicable income taxes $0
    Net charge-offs $-25
    Cash dividends $2,758

    Sunmark Community Bank's interest expense for loans was $437,000.
    Sunmark Community Bank's payroll and benefits expense were $6,267,000.
    Sunmark Community Bank's property, plant and equipment expenses $1,033,000.

    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 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 2.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $377,994
    Deposits held in domestic offices $377,994
    Deposits by Individuals, partnerships, and corporations $316,971
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $60,933
    Deposits by Commercial banks and other depository institutions in U.S. $90
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $220,140
    Demand deposits $220,140
    Nontransaction accounts $157,854
    Money market deposit accounts (MMDAs) $100,452
    Other savings deposits (excluding MMDAs) $25,458
    Total time deposits $31,943
    Total time and savings deposits $157,854
    Noninterest-bearing deposits $162,402
    Interest-bearing deposits $215,592
    Retail deposits $374,207
    IRAs and Keogh plan accounts $3,739
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $420,144
    Cash & Balances due from depository institutions $130,815
    Interest-bearing balances $126,449
    Total securities $24,177
    Federal funds sold & reverse repurchase $15,850
    Net loans and leases $237,400
    Loan and leases loss allowance $4,806
    Trading account assets $0
    Bank premises and fixed assets $4,535
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $7,367

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $420,144
    Total Liabilities $382,858
    Total deposits $377,994
    Interest-bearing deposits $215,592
    Deposits held in domestic offices $377,994
    % insured (estimated) $62
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $4,864

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $237,400
    Loan and leases loss allowance $4,806
    Total loans and leases (domestic) $242,206
    All real estate loans $207,688
    Real estate loans in domestic offices $207,688
    Construction and development loans $34,929
    Residential 1-4 family construction $18,496
    Other construction, all land development and other land $16,433
    Loans secured by nonfarm nonresidential properties $86,773
    Nonfarm nonresidential secured by owner-occupied properties $67,872
    Commercial real estate & other non-farm, non-residential $18,901
    Multifamily residential real estate $15,881
    1-4 family residential loans $64,308
    Farmland loans $5,797
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $29,615
    To non-U.S. addressees $0
    Loans to individuals $4,508
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,924
    Other loans to individuals $2,584
    All other loans & leases $395
    Loans to foreign governments and official institutions $0
    Other loans $72
    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 $60
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    SunMark Community Bank had $237,400,000 of loans outstanding in 2021. $207,688,000 of loans were in real estate loans. $34,929,000 of loans were in development loans. $15,881,000 of loans were in multifamily mortgage loans. $64,308,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,924,000 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 153 $39,415 $257,614
    Nonfarm, nonresidential loans - <$100k 40 $1,219 $30,475
    Nonfarm, nonresidential loans - $100-250k 38 $4,647 $122,289
    Nonfarm, nonresidential loans - $250k-1MM 75 $33,549 $447,320
    Commercial & Industrial, US addressed loans - <$1MM 430 $18,715 $43,523
    Commercial & Industrial, US addressed loans - <$100k 368 $8,008 $21,761
    Commercial & Industrial, US addressed loans - $100-250k 35 $4,066 $116,171
    Commercial & Industrial, US addressed loans - $250k-1MM 27 $6,641 $245,963
    Farmland loans - <$1MM 34 $3,589 $105,559
    Farmland loans - <$100k 17 $509 $29,941
    Farmland loans - $100-250k 9 $1,209 $134,333
    Farmland loans - $250k-1MM 8 $1,871 $233,875