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 Refi and Home Purchase loans. Kennebunk Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Boston, Concord, and Augusta among others. We have data for 5 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

    500

    Origination Dollar Volume (All Markets)

    $150,110,000

    Employee count

    300

    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) 386 $102,130,000 $264,585 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 105 $46,315,000 $441,095 $0 0.00%
    Outside of Metro Areas 7 $1,455,000 $207,857 $0 0.00%
    Concord, NH (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    Augusta-Waterville, ME (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    Kennebunk Savings Bank's top markets include Portland, Boston, Concord, and Augusta 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 500 $150,110,000 $300,220 $0 0.00%

    For 2020, Kennebunk Savings Bank's most frequently originated type of loan was Conventional, with 500 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 205 $62,715,000 $305,927 $0 0.00%
    Home Purchase 155 $63,385,000 $408,935 $0 0.00%
    Cash Out Refi 82 $20,920,000 $255,122 $0 0.00%
    Home Improvement 41 $2,325,000 $56,707 $0 0.00%
    Other 17 $765,000 $45,000 $0 0.00%

    For 2020, Kennebunk Savings Bank's most frequently cited loan purpose was Refi, with 205 originations. The 2nd most popular reason was Home Purchase, with 155 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 500 $150,110,000 $300,220 $0 0.00%

    For 2020, Kennebunk Savings Bank's most frequently cited loan duration was Other, with 500 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 197 $55,035,000 $279,365 $0 0.00%
    $100k-200k 127 $19,235,000 $151,457 $0 0.00%
    $100,000 or less 83 $4,395,000 $52,952 $0 0.00%
    $400k-600k 57 $27,865,000 $488,860 $0 0.00%
    $600k-1MM 24 $18,760,000 $781,667 $0 0.00%
    $1MM+ 12 $24,820,000 $2,068,333 $0 0.00%

    2020 saw Kennebunk Savings Bank place emphasis on $200k-400k loans with 197 originations, totaling $55,035,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 99 $25,285,000 $255,404 $0 0.00%
    $100k-150k 97 $21,745,000 $224,175 $0 0.00%
    $50k-75k 87 $13,725,000 $157,759 $0 0.00%
    $250k+ 69 $36,595,000 $530,362 $0 0.00%
    $75k-100k 62 $13,860,000 $223,548 $0 0.00%
    $50k or less 25 $2,835,000 $113,400 $0 0.00%

    Kennebunk Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 99 originations. The second most popular income band? $100k-150k, with 97 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 500 $150,110,000 $300,220 $0 0.00%

    Kennebunk Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 500 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 383 $99,195,000 $258,995 $0 0.00%
    Not applicable 61 $36,065,000 $591,230 $0 0.00%
    Not provided 50 $12,220,000 $244,400 $0 0.00%
    Black 2 $1,810,000 $905,000 $0 0.00%
    Asian 2 $640,000 $320,000 $0 0.00%
    American Indian 2 $180,000 $90,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.34%

    Kennebunk Savings Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    60.60%

    Kennebunk Savings Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 500 $150,110,000 $300,220

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 26 $24,390,000 $938,077
    Single Family (1-4 Units):Manufactured 5 $455,000 $91,000
    Single Family (1-4 Units):Site-Built 469 $125,265,000 $267,090

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Kennebunk Savings Bank 10 Western Avenue Kennebunk, ME 4043 Full Service B&M $64,386
    Kennebunk Savings Bank 104 Main Street Kennebunk, ME 4043 Full Service B&M $159,837
    Kennebunk Savings Bank 111 Maplewood Avenue Portsmouth, NH 3801 Full Service B&M $49,311
    Kennebunk Savings Bank 141 Main Street Newmarket, NH 3857 Full Service B&M $32,014
    Kennebunk Savings Bank 16 Woodbridge Road York, ME 3909 Full Service B&M $119,440
    Kennebunk Savings Bank 2 Hannaford Drive York, ME 3909 Full Service B&M $113,041
    Kennebunk Savings Bank 2 School Street Berwick, ME 3901 Full Service B&M $44,785
    Kennebunk Savings Bank 24 Winnacunnet Road Hampton, NH 3842 Full Service B&M $20,578
    Kennebunk Savings Bank 25 South Main Street Ogunquit, ME 3907 Full Service B&M $77,509
    Kennebunk Savings Bank 4 Shapleigh Road Kittery, ME 3904 Full Service B&M $69,477
    Kennebunk Savings Bank 470 Main Street Sanford, ME 4073 Full Service B&M $85,382
    Kennebunk Savings Bank 50 Portland Road Kennebunk, ME 4043 Full Service B&M $141,858
    Kennebunk Savings Bank 701 Central Avenue Dover, NH 3820 Full Service B&M $37,805
    Kennebunk Savings Bank 9 Portsmouth Avenue Stratham, NH 3885 Full Service B&M $20,061
    Kennebunk Savings Bank Eliot Commons Professional Park, Route 236 Eliot, ME 3903 Full Service B&M $101,575
    Kennebunk Savings Bank Route 109, Sanford Road Wells, ME 4090 Full Service B&M $91,998
    Kennebunk Savings Bank Wells And Main Street North Berwick, ME 3906 Full Service B&M $61,990

    For 2020, Kennebunk Savings Bank had 17 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $51,223
    Net interest income $48,539
    Total noninterest income $11,717
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,140
    Trading account gains and fees $0
    Additional Noninterest Income $10,577
    Pre-tax net operating income $7,711
    Securities gains (or losses, -) $158
    Income before extraordinary items $6,128
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,128
    Minority interest net income $0
    Net income $6,128
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,003

    Kennebunk Savings Bank's gross interest income from loans was $51,223,000.
    Kennebunk Savings Bank's net interest income from loans was $48,539,000.
    Kennebunk Savings Bank's fee based income from loans was $1,140,000.
    Kennebunk Savings Bank's net income from loans was $6,128,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,684
    Provision for credit losses $10,002
    Total noninterest expense $42,543
    Salaries and employee benefits $22,712
    Premises and equipment expense $6,556
    Additional noninterest expense $13,275
    Applicable income taxes $1,741
    Net charge-offs $-292
    Cash dividends $0

    Kennebunk Savings Bank's interest expense for loans was $2,684,000.
    Kennebunk Savings Bank's payroll and benefits expense were $22,712,000.
    Kennebunk Savings Bank's property, plant and equipment expenses $6,556,000.

    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 $1,387,145
    Deposits held in domestic offices $1,387,145
    Deposits by Individuals, partnerships, and corporations $1,333,798
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $53,347
    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 $216,850
    Demand deposits $179,522
    Nontransaction accounts $1,170,295
    Money market deposit accounts (MMDAs) $51,040
    Other savings deposits (excluding MMDAs) $1,073,438
    Total time deposits $45,817
    Total time and savings deposits $1,207,623
    Noninterest-bearing deposits $567,393
    Interest-bearing deposits $819,752
    Retail deposits $1,380,654
    IRAs and Keogh plan accounts $29,797
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,548,388
    Cash & Balances due from depository institutions $189,679
    Interest-bearing balances $177,688
    Total securities $139,003
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,125,984
    Loan and leases loss allowance $20,208
    Trading account assets $0
    Bank premises and fixed assets $34,174
    Other real estate owned $0
    Goodwill and other intangibles $1,899
    All other assets $57,649

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,548,388
    Total Liabilities $1,395,066
    Total deposits $1,387,145
    Interest-bearing deposits $819,752
    Deposits held in domestic offices $1,387,145
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $166
    Subordinated debt $0
    All other liabilities $7,755

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,125,984
    Loan and leases loss allowance $20,208
    Total loans and leases (domestic) $1,146,192
    All real estate loans $1,017,522
    Real estate loans in domestic offices $1,017,522
    Construction and development loans $84,322
    Residential 1-4 family construction $12,180
    Other construction, all land development and other land $72,142
    Loans secured by nonfarm nonresidential properties $519,126
    Nonfarm nonresidential secured by owner-occupied properties $156,520
    Commercial real estate & other non-farm, non-residential $362,606
    Multifamily residential real estate $33,785
    1-4 family residential loans $380,265
    Farmland loans $24
    Loans held in foreign offices $0
    Farm loans $102
    Commercial and industrial loans $118,761
    To non-U.S. addressees $0
    Loans to individuals $1,099
    Credit card loans $0
    Related Plans $49
    Consumer Auto Loans $70
    Other loans to individuals $980
    All other loans & leases $8,708
    Loans to foreign governments and official institutions $0
    Other loans $4,882
    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 $3,820
    Non 1-4 family restructured loans & leases $3,585
    Total loans and leases (foreign) $0

    Kennebunk Savings Bank had $1,125,984,000 of loans outstanding in 2020. $1,017,522,000 of loans were in real estate loans. $84,322,000 of loans were in development loans. $33,785,000 of loans were in multifamily mortgage loans. $380,265,000 of loans were in 1-4 family mortgage loans. $102,000 of loans were in farm loans. $0 of loans were in credit card loans. $70,000 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 571 $145,652 $255,082
    Nonfarm, nonresidential loans - <$100k 85 $3,616 $42,541
    Nonfarm, nonresidential loans - $100-250k 194 $23,379 $120,510
    Nonfarm, nonresidential loans - $250k-1MM 292 $118,657 $406,360
    Commercial & Industrial, US addressed loans - <$1MM 2,023 $108,510 $53,638
    Commercial & Industrial, US addressed loans - <$100k 1,672 $36,222 $21,664
    Commercial & Industrial, US addressed loans - $100-250k 220 $27,532 $125,145
    Commercial & Industrial, US addressed loans - $250k-1MM 131 $44,756 $341,649
    Farmland loans - <$1MM 1 $24 $24,000
    Farmland loans - <$100k 1 $24 $24,000
    Agriculture operations loans - <$1MM 10 $102 $10,200
    Agriculture operations loans - <$100k 10 $102 $10,200