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. Their top markets by origination volume include: Portland, Boston, Laconia, Manchester, and Lewiston 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.

    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

    400

    Origination Dollar Volume (All Markets)

    $103,760,000

    Employee count

    298

    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) 318 $78,050,000 $245,440 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 72 $22,860,000 $317,500 $0 0.00%
    Laconia, NH (FHA|USDA|VA) 3 $1,435,000 $478,333 $0 0.00%
    Outside of Metro Areas 5 $985,000 $197,000 $0 0.00%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    Kennebunk Savings Bank's top markets include Portland, Boston, Laconia, Manchester, and Lewiston 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 400 $103,760,000 $259,400 $0 0.00%

    For 2019, Kennebunk Savings Bank's most frequently originated type of loan was Conventional, with 400 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 143 $46,805,000 $327,308 $0 0.00%
    Refi 112 $35,310,000 $315,268 $0 0.00%
    Home Improvement 55 $6,025,000 $109,545 $0 0.00%
    Cash Out Refi 52 $11,870,000 $228,269 $0 0.00%
    Other 38 $3,750,000 $98,684 $0 0.00%

    For 2019, Kennebunk Savings Bank's most frequently cited loan purpose was Home Purchase, with 143 originations. The 2nd most popular reason was Refi, with 112 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 400 $103,760,000 $259,400 $0 0.00%

    For 2019, Kennebunk Savings Bank's most frequently cited loan duration was Other, with 400 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 141 $39,825,000 $282,447 $0 0.00%
    $100,000 or less 114 $5,680,000 $49,825 $0 0.00%
    $100k-200k 81 $12,155,000 $150,062 $0 0.00%
    $400k-600k 46 $22,490,000 $488,913 $0 0.00%
    $1MM+ 9 $17,155,000 $1,906,111 $0 0.00%
    $600k-1MM 9 $6,455,000 $717,222 $0 0.00%

    2019 saw Kennebunk Savings Bank place emphasis on $200k-400k loans with 141 originations, totaling $39,825,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 89 $18,385,000 $206,573 $0 0.00%
    $150k-250k 71 $18,635,000 $262,465 $0 0.00%
    $50k-75k 59 $8,495,000 $143,983 $0 0.00%
    $75k-100k 59 $10,525,000 $178,390 $0 0.00%
    $250k+ 54 $28,350,000 $525,000 $0 0.00%
    $50k or less 37 $3,165,000 $85,541 $0 0.00%

    Kennebunk Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 89 originations. The second most popular income band? $150k-250k, with 71 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 400 $103,760,000 $259,400 $0 0.00%

    Kennebunk Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 400 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 303 $70,095,000 $231,337 $0 0.00%
    Not applicable 31 $16,205,000 $522,742 $0 0.00%
    Not provided 63 $15,795,000 $250,714 $0 0.00%
    Asian 3 $1,665,000 $555,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    78.95%

    Kennebunk Savings Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.75%

    Kennebunk Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 400 $103,760,000 $259,400

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $11,300,000 $1,130,000
    Single Family (1-4 Units):Manufactured 5 $365,000 $73,000
    Single Family (1-4 Units):Site-Built 385 $92,095,000 $239,208

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Kennebunk Savings Bank 10 Western Avenue Kennebunk, ME 4043 Full Service B&M $57,020
    Kennebunk Savings Bank 104 Main Street Kennebunk, ME 4043 Full Service B&M $142,021
    Kennebunk Savings Bank 111 Maplewood Avenue Portsmouth, NH 3801 Full Service B&M $31,875
    Kennebunk Savings Bank 141 Main Street Newmarket, NH 3857 Full Service B&M $30,812
    Kennebunk Savings Bank 16 Woodbridge Road York, ME 3909 Full Service B&M $89,265
    Kennebunk Savings Bank 2 Hannaford Drive York, ME 3909 Full Service B&M $88,351
    Kennebunk Savings Bank 2 School Street Berwick, ME 3901 Full Service B&M $46,837
    Kennebunk Savings Bank 24 Winnacunnet Road Hampton, NH 3842 Full Service B&M $19,596
    Kennebunk Savings Bank 25 South Main Street Ogunquit, ME 3907 Full Service B&M $69,211
    Kennebunk Savings Bank 4 Shapleigh Road Kittery, ME 3904 Full Service B&M $58,915
    Kennebunk Savings Bank 470 Main Street Sanford, ME 4073 Full Service B&M $69,760
    Kennebunk Savings Bank 50 Portland Road Kennebunk, ME 4043 Full Service B&M $120,229
    Kennebunk Savings Bank 701 Central Avenue Dover, NH 3820 Full Service B&M $34,752
    Kennebunk Savings Bank 9 Portsmouth Avenue Stratham, NH 3885 Full Service B&M $18,344
    Kennebunk Savings Bank Eliot Commons Professional Park, Route 236 Eliot, ME 3903 Full Service B&M $92,659
    Kennebunk Savings Bank Route 109, Sanford Road Wells, ME 4090 Full Service B&M $79,042
    Kennebunk Savings Bank Wells And Main Street North Berwick, ME 3906 Full Service B&M $64,019

    For 2019, Kennebunk Savings Bank had 17 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $51,481
    Net interest income $45,735
    Total noninterest income $10,179
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,443
    Trading account gains and fees $0
    Additional Noninterest Income $8,736
    Pre-tax net operating income $12,271
    Securities gains (or losses, -) $655
    Income before extraordinary items $10,323
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,323
    Minority interest net income $0
    Net income $10,323
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,799

    Kennebunk Savings Bank's gross interest income from loans was $51,481,000.
    Kennebunk Savings Bank's net interest income from loans was $45,735,000.
    Kennebunk Savings Bank's fee based income from loans was $1,443,000.
    Kennebunk Savings Bank's net income from loans was $10,323,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,746
    Provision for credit losses $1,000
    Total noninterest expense $42,643
    Salaries and employee benefits $22,937
    Premises and equipment expense $6,385
    Additional noninterest expense $13,321
    Applicable income taxes $2,603
    Net charge-offs $403
    Cash dividends $0

    Kennebunk Savings Bank's interest expense for loans was $5,746,000.
    Kennebunk Savings Bank's payroll and benefits expense were $22,937,000.
    Kennebunk Savings Bank's property, plant and equipment expenses $6,385,000.

    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 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 $1,144,814
    Deposits held in domestic offices $1,144,814
    Deposits by Individuals, partnerships, and corporations $1,073,187
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $71,627
    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 $181,222
    Demand deposits $137,815
    Nontransaction accounts $963,592
    Money market deposit accounts (MMDAs) $63,852
    Other savings deposits (excluding MMDAs) $845,612
    Total time deposits $54,128
    Total time and savings deposits $1,006,999
    Noninterest-bearing deposits $404,201
    Interest-bearing deposits $740,613
    Retail deposits $1,129,440
    IRAs and Keogh plan accounts $28,136
    Brokered deposits $10,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,326,464
    Cash & Balances due from depository institutions $76,213
    Interest-bearing balances $64,252
    Total securities $113,289
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,047,441
    Loan and leases loss allowance $9,914
    Trading account assets $0
    Bank premises and fixed assets $34,070
    Other real estate owned $0
    Goodwill and other intangibles $1,927
    All other assets $53,524

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,326,464
    Total Liabilities $1,180,597
    Total deposits $1,144,814
    Interest-bearing deposits $740,613
    Deposits held in domestic offices $1,144,814
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $25,919
    Subordinated debt $0
    All other liabilities $9,864

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,047,441
    Loan and leases loss allowance $9,914
    Total loans and leases (domestic) $1,057,355
    All real estate loans $1,009,130
    Real estate loans in domestic offices $1,009,130
    Construction and development loans $83,366
    Residential 1-4 family construction $12,545
    Other construction, all land development and other land $70,821
    Loans secured by nonfarm nonresidential properties $481,225
    Nonfarm nonresidential secured by owner-occupied properties $151,777
    Commercial real estate & other non-farm, non-residential $329,448
    Multifamily residential real estate $20,757
    1-4 family residential loans $423,663
    Farmland loans $119
    Loans held in foreign offices $0
    Farm loans $208
    Commercial and industrial loans $39,772
    To non-U.S. addressees $0
    Loans to individuals $905
    Credit card loans $0
    Related Plans $79
    Consumer Auto Loans $134
    Other loans to individuals $692
    All other loans & leases $7,340
    Loans to foreign governments and official institutions $0
    Other loans $4,229
    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 $4,280
    Non 1-4 family restructured loans & leases $4,006
    Total loans and leases (foreign) $0

    Kennebunk Savings Bank had $1,047,441,000 of loans outstanding in 2019. $1,009,130,000 of loans were in real estate loans. $83,366,000 of loans were in development loans. $20,757,000 of loans were in multifamily mortgage loans. $423,663,000 of loans were in 1-4 family mortgage loans. $208,000 of loans were in farm loans. $0 of loans were in credit card loans. $134,000 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 588 $141,401 $240,478
    Nonfarm, nonresidential loans - <$100k 95 $4,151 $43,695
    Nonfarm, nonresidential loans - $100-250k 207 $27,026 $130,560
    Nonfarm, nonresidential loans - $250k-1MM 286 $110,224 $385,399
    Commercial & Industrial, US addressed loans - <$1MM 863 $36,035 $41,756
    Commercial & Industrial, US addressed loans - <$100k 699 $8,839 $12,645
    Commercial & Industrial, US addressed loans - $100-250k 88 $8,478 $96,341
    Commercial & Industrial, US addressed loans - $250k-1MM 76 $18,718 $246,289
    Farmland loans - <$1MM 2 $119 $59,500
    Farmland loans - <$100k 2 $119 $59,500
    Agriculture operations loans - <$1MM 11 $208 $18,909
    Agriculture operations loans - <$100k 11 $208 $18,909