Kennebunk Savings Bank Mortgage Rates, Fees & Info

Kennebunk, ME

LEI: 5493003V0VOGJ2CI8520

Tax ID: 01-0100600

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Kennebunk Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Kennebunk Savings Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Portland, Boston, Manchester, Augusta, and Lebanon among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Kennebunk Savings Bank has an 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

    342

    Origination Dollar Volume (All Markets)

    $73,370,000

    Employee count

    294

    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
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 281 $53,615,000 $190,801 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 48 $17,020,000 $354,583 $0 0.00%
    Outside of Metro Areas 9 $2,025,000 $225,000 $0 0.00%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $310,000 $155,000 $0 0.00%
    Augusta-Waterville, ME (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    Lebanon, NH-VT (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Kennebunk Savings Bank's top markets include Portland, Boston, Manchester, Augusta, and Lebanon among others.

    Their top states include:
  • Maine (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 340 $73,080,000 $214,941 $0 0.00%
    USDA 2 $290,000 $145,000 $0 0.00%

    For 2018, Kennebunk Savings Bank's most frequently originated type of loan was Conventional, with 340 originations. Their 2nd most popular type was USDA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 141 $39,655,000 $281,241 $0 0.00%
    Refi 76 $20,440,000 $268,947 $0 0.00%
    Home Improvement 51 $2,915,000 $57,157 $0 0.00%
    Other 47 $3,585,000 $76,277 $0 0.00%
    Cash Out Refi 27 $6,775,000 $250,926 $0 0.00%

    For 2018, Kennebunk Savings Bank's most frequently cited loan purpose was Home Purchase, with 141 originations. The 2nd most popular reason was Refi, with 76 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 342 $73,370,000 $214,532 $0 0.00%

    For 2018, Kennebunk Savings Bank's most frequently cited loan duration was Other, with 342 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 108 $5,140,000 $47,593 $0 0.00%
    $200k-400k 107 $29,245,000 $273,318 $0 0.00%
    $100k-200k 93 $13,775,000 $148,118 $0 0.00%
    $400k-600k 23 $10,675,000 $464,130 $0 0.00%
    $600k-1MM 9 $6,705,000 $745,000 $0 0.00%
    $1MM+ 2 $7,830,000 $3,915,000 $0 0.00%

    2018 saw Kennebunk Savings Bank place emphasis on $100,000 or less loans with 108 originations, totaling $5,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 83 $13,335,000 $160,663 $0 0.00%
    $75k-100k 64 $9,850,000 $153,906 $0 0.00%
    $50k-75k 59 $6,825,000 $115,678 $0 0.00%
    $150k-250k 52 $12,750,000 $245,192 $0 0.00%
    $250k+ 33 $19,225,000 $582,576 $0 0.00%
    $50k or less 20 $2,210,000 $110,500 $0 0.00%

    Kennebunk Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 83 originations. The second most popular income band? $75k-100k, with 64 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 342 $73,370,000 $214,532 $0 0.00%

    Kennebunk Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 342 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 254 $51,180,000 $201,496 $0 0.00%
    Not provided 55 $12,665,000 $230,273 $0 0.00%
    Not applicable 31 $9,175,000 $295,968 $0 0.00%
    Black 1 $245,000 $245,000 $0 0.00%
    American Indian 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    76.30%

    Kennebunk Savings Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    74.27%

    Kennebunk Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 342 $73,370,000 $214,532

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $1,450,000 $241,667
    Single Family (1-4 Units):Manufactured 1 $125,000 $125,000
    Single Family (1-4 Units):Site-Built 335 $71,795,000 $214,313

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Kennebunk Savings Bank 10 Western Avenue Kennebunk, ME 4043 Full Service B&M $53,978
    Kennebunk Savings Bank 104 Main Street Kennebunk, ME 4043 Full Service B&M $107,358
    Kennebunk Savings Bank 111 Maplewood Avenue Portsmouth, NH 3801 Full Service B&M $30,665
    Kennebunk Savings Bank 141 Main Street Newmarket, NH 3857 Full Service B&M $23,628
    Kennebunk Savings Bank 16 Woodbridge Road York, ME 3909 Full Service B&M $92,416
    Kennebunk Savings Bank 17 Madbury Road Durham, NH 3824 Full Service B&M $3,171
    Kennebunk Savings Bank 2 Hannaford Drive York, ME 3909 Full Service B&M $87,536
    Kennebunk Savings Bank 2 School Street Berwick, ME 3901 Full Service B&M $37,919
    Kennebunk Savings Bank 24 Winnacunnet Road Hampton, NH 3842 Full Service B&M $19,148
    Kennebunk Savings Bank 25 South Main Street Ogunquit, ME 3907 Full Service B&M $63,192
    Kennebunk Savings Bank 4 Shapleigh Road Kittery, ME 3904 Full Service B&M $47,830
    Kennebunk Savings Bank 470 Main Street Sanford, ME 4073 Full Service B&M $52,266
    Kennebunk Savings Bank 481 Main Street Springvale, ME 4083 Full Service B&M $12,988
    Kennebunk Savings Bank 50 Portland Road Kennebunk, ME 4043 Full Service B&M $115,333
    Kennebunk Savings Bank 701 Central Avenue Dover, NH 3820 Full Service B&M $28,553
    Kennebunk Savings Bank 9 Portsmouth Avenue Stratham, NH 3885 Full Service B&M $13,977
    Kennebunk Savings Bank Eliot Commons Professional Park, Route 236 Eliot, ME 3903 Full Service B&M $92,202
    Kennebunk Savings Bank Route 109, Sanford Road Wells, ME 4090 Full Service B&M $74,746
    Kennebunk Savings Bank Wells And Main Street North Berwick, ME 3906 Full Service B&M $65,242

    For 2018, Kennebunk Savings Bank had 19 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $46,713
    Net interest income $43,781
    Total noninterest income $9,108
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,295
    Trading account gains and fees $0
    Additional Noninterest Income $7,813
    Pre-tax net operating income $12,151
    Securities gains (or losses, -) $9
    Income before extraordinary items $10,520
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,520
    Minority interest net income $0
    Net income $10,520
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $10,512

    Kennebunk Savings Bank's gross interest income from loans was $46,713,000.
    Kennebunk Savings Bank's net interest income from loans was $43,781,000.
    Kennebunk Savings Bank's fee based income from loans was $1,295,000.
    Kennebunk Savings Bank's net income from loans was $10,520,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,932
    Provision for credit losses $1,380
    Total noninterest expense $39,358
    Salaries and employee benefits $21,738
    Premises and equipment expense $5,897
    Additional noninterest expense $11,723
    Applicable income taxes $1,640
    Net charge-offs $237
    Cash dividends $0

    Kennebunk Savings Bank's interest expense for loans was $2,932,000.
    Kennebunk Savings Bank's payroll and benefits expense were $21,738,000.
    Kennebunk Savings Bank's property, plant and equipment expenses $5,897,000.

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

    Deposits

    Type Value (in 000's)
    Total deposits $1,058,379
    Deposits held in domestic offices $1,058,379
    Deposits by Individuals, partnerships, and corporations $1,003,183
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $55,195
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $116,018
    Demand deposits $92,117
    Nontransaction accounts $942,361
    Money market deposit accounts (MMDAs) $71,996
    Other savings deposits (excluding MMDAs) $813,312
    Total time deposits $57,053
    Total time and savings deposits $966,262
    Noninterest-bearing deposits $368,843
    Interest-bearing deposits $689,536
    Retail deposits $1,051,401
    IRAs and Keogh plan accounts $30,420
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,249,639
    Cash & Balances due from depository institutions $42,709
    Interest-bearing balances $29,284
    Total securities $123,201
    Federal funds sold & reverse repurchase $0
    Net loans and leases $995,321
    Loan and leases loss allowance $9,317
    Trading account assets $0
    Bank premises and fixed assets $32,640
    Other real estate owned $0
    Goodwill and other intangibles $934
    All other assets $54,834

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,249,639
    Total Liabilities $1,117,319
    Total deposits $1,058,379
    Interest-bearing deposits $689,536
    Deposits held in domestic offices $1,058,379
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $49,744
    Subordinated debt $0
    All other liabilities $9,196

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $995,321
    Loan and leases loss allowance $9,317
    Total loans and leases (domestic) $1,004,638
    All real estate loans $944,535
    Real estate loans in domestic offices $944,535
    Construction and development loans $88,135
    Residential 1-4 family construction $11,692
    Other construction, all land development and other land $76,443
    Loans secured by nonfarm nonresidential properties $437,440
    Nonfarm nonresidential secured by owner-occupied properties $137,381
    Commercial real estate & other non-farm, non-residential $300,059
    Multifamily residential real estate $20,095
    1-4 family residential loans $398,740
    Farmland loans $125
    Loans held in foreign offices $0
    Farm loans $291
    Commercial and industrial loans $40,088
    To non-U.S. addressees $0
    Loans to individuals $1,077
    Credit card loans $0
    Related Plans $83
    Consumer Auto Loans $166
    Other loans to individuals $828
    All other loans & leases $18,647
    Loans to foreign governments and official institutions $0
    Other loans $16,122
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $11,407
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $3,171
    Non 1-4 family restructured loans & leases $2,808
    Total loans and leases (foreign) $0

    Kennebunk Savings Bank had $995,321,000 of loans outstanding in 2018. $944,535,000 of loans were in real estate loans. $88,135,000 of loans were in development loans. $20,095,000 of loans were in multifamily mortgage loans. $398,740,000 of loans were in 1-4 family mortgage loans. $291,000 of loans were in farm loans. $0 of loans were in credit card loans. $166,000 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 587 $139,694 $237,980
    Nonfarm, nonresidential loans - <$100k 101 $4,345 $43,020
    Nonfarm, nonresidential loans - $100-250k 214 $27,226 $127,224
    Nonfarm, nonresidential loans - $250k-1MM 272 $108,123 $397,511
    Commercial & Industrial, US addressed loans - <$1MM 857 $33,550 $39,148
    Commercial & Industrial, US addressed loans - <$100k 701 $8,826 $12,591
    Commercial & Industrial, US addressed loans - $100-250k 84 $7,269 $86,536
    Commercial & Industrial, US addressed loans - $250k-1MM 72 $17,455 $242,431
    Farmland loans - <$1MM 2 $125 $62,500
    Farmland loans - <$100k 2 $125 $62,500
    Agriculture operations loans - <$1MM 13 $291 $22,385
    Agriculture operations loans - <$100k 13 $291 $22,385