Kennebunk Savings Bank Mortgage Rates, Fees & Info

Kennebunk, ME

LEI: 5493003V0VOGJ2CI8520

Tax ID: 01-0100600

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
  • 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, Manchester, and Laconia among others. We have data for 7 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

    470

    Origination Dollar Volume (All Markets)

    $237,520,000

    Employee count

    324

    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) 377 $138,255,000 $366,724 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 80 $74,340,000 $929,250 $0 0.00%
    Concord, NH (FHA|USDA|VA) 5 $22,225,000 $4,445,000 $0 0.00%
    Outside of Metro Areas 4 $1,040,000 $260,000 $0 0.00%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $735,000 $735,000 $0 0.00%
    Laconia, NH (FHA|USDA|VA) 2 $610,000 $305,000 $0 0.00%
    Lebanon, NH-VT (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
    Kennebunk Savings Bank's top markets include Portland, Boston, Concord, Manchester, and Laconia 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 470 $237,520,000 $505,362 $0 0.00%

    For 2021, Kennebunk Savings Bank's most frequently originated type of loan was Conventional, with 470 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 175 $90,565,000 $517,514 $0 0.00%
    Home Purchase 162 $120,870,000 $746,111 $0 0.00%
    Cash Out Refi 75 $19,265,000 $256,867 $0 0.00%
    Home Improvement 45 $5,955,000 $132,333 $0 0.00%
    Other 13 $865,000 $66,538 $0 0.00%

    For 2021, Kennebunk Savings Bank's most frequently cited loan purpose was Refi, with 175 originations. The 2nd most popular reason was Home Purchase, with 162 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 470 $237,520,000 $505,362 $0 0.00%

    For 2021, Kennebunk Savings Bank's most frequently cited loan duration was Other, with 470 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 198 $56,910,000 $287,424 $0 0.00%
    $100k-200k 87 $13,095,000 $150,517 $0 0.00%
    $100,000 or less 60 $3,270,000 $54,500 $0 0.00%
    $400k-600k 48 $22,990,000 $478,958 $0 0.00%
    $600k-1MM 39 $28,775,000 $737,821 $0 0.00%
    $1MM+ 38 $112,480,000 $2,960,000 $0 0.00%

    2021 saw Kennebunk Savings Bank place emphasis on $200k-400k loans with 198 originations, totaling $56,910,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 87 $28,005,000 $321,897 $0 0.00%
    $100k-150k 84 $22,230,000 $264,643 $0 0.00%
    $250k+ 70 $48,810,000 $697,286 $0 0.00%
    $75k-100k 67 $14,175,000 $211,567 $0 0.00%
    $50k-75k 60 $10,590,000 $176,500 $0 0.00%
    $50k or less 22 $2,530,000 $115,000 $0 0.00%

    Kennebunk Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 87 originations. The second most popular income band? $100k-150k, with 84 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 470 $237,520,000 $505,362 $0 0.00%

    Kennebunk Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 470 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 80 $111,180,000 $1,389,750 $0 0.00%
    White 321 $104,685,000 $326,121 $0 0.00%
    Not provided 61 $19,405,000 $318,115 $0 0.00%
    Black 4 $1,180,000 $295,000 $0 0.00%
    Asian 3 $755,000 $251,667 $0 0.00%
    American Indian 1 $315,000 $315,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.73%

    Kennebunk Savings Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    71.70%

    Kennebunk Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 470 $237,520,000 $505,362

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    470 $237,520,000 $505,362

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Kennebunk Savings Bank 10 Western Avenue Kennebunk, ME 4043 Full Service B&M $83,022
    Kennebunk Savings Bank 104 Main St Kennebunk, ME 4043 Full Service B&M $186,850
    Kennebunk Savings Bank 111 Maplewood Avenue Portsmouth, NH 3801 Full Service B&M $75,513
    Kennebunk Savings Bank 141 Main Street Newmarket, NH 3857 Full Service B&M $41,464
    Kennebunk Savings Bank 16 Woodbridge Road York, ME 3909 Full Service B&M $137,882
    Kennebunk Savings Bank 2 Hannaford Drive York, ME 3909 Full Service B&M $145,775
    Kennebunk Savings Bank 2 School Street Berwick, ME 3901 Full Service B&M $47,675
    Kennebunk Savings Bank 24 Winnacunnet Road Hampton, NH 3842 Full Service B&M $26,289
    Kennebunk Savings Bank 25 South Main Street Ogunquit, ME 3907 Full Service B&M $99,097
    Kennebunk Savings Bank 3 Pleasant Street, Suite 200 Portsmouth, NH 3801 Full Service B&M $493
    Kennebunk Savings Bank 4 Shapleigh Road Kittery, ME 3904 Full Service B&M $86,634
    Kennebunk Savings Bank 470 Main Street Sanford, ME 4073 Full Service B&M $100,226
    Kennebunk Savings Bank 50 Portland Road Kennebunk, ME 4043 Full Service B&M $160,168
    Kennebunk Savings Bank 701 Central Avenue Dover, NH 3820 Full Service B&M $43,314
    Kennebunk Savings Bank 9 Portsmouth Avenue Stratham, NH 3885 Full Service B&M $23,638
    Kennebunk Savings Bank Eliot Commons Professional Park, Route 236 Eliot, ME 3903 Full Service B&M $110,499
    Kennebunk Savings Bank Route 109, Sanford Road Wells, ME 4090 Full Service B&M $113,012
    Kennebunk Savings Bank Wells And Main Street North Berwick, ME 3906 Full Service B&M $73,854

    For 2021, Kennebunk Savings Bank had 18 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $55,268
    Net interest income $53,978
    Total noninterest income $11,452
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,149
    Trading account gains and fees $0
    Additional Noninterest Income $10,303
    Pre-tax net operating income $23,164
    Securities gains (or losses, -) $-176
    Income before extraordinary items $18,230
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $18,230
    Minority interest net income $0
    Net income $18,230
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $18,369

    Kennebunk Savings Bank's gross interest income from loans was $55,268,000.
    Kennebunk Savings Bank's net interest income from loans was $53,978,000.
    Kennebunk Savings Bank's fee based income from loans was $1,149,000.
    Kennebunk Savings Bank's net income from loans was $18,230,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,290
    Provision for credit losses $-5,000
    Total noninterest expense $47,266
    Salaries and employee benefits $27,617
    Premises and equipment expense $6,596
    Additional noninterest expense $13,053
    Applicable income taxes $4,758
    Net charge-offs $312
    Cash dividends $0

    Kennebunk Savings Bank's interest expense for loans was $1,290,000.
    Kennebunk Savings Bank's payroll and benefits expense were $27,617,000.
    Kennebunk Savings Bank's property, plant and equipment expenses $6,596,000.

    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 $1,651,702
    Deposits held in domestic offices $1,651,702
    Deposits by Individuals, partnerships, and corporations $1,600,421
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $51,281
    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 $260,758
    Demand deposits $223,683
    Nontransaction accounts $1,390,944
    Money market deposit accounts (MMDAs) $69,347
    Other savings deposits (excluding MMDAs) $1,275,933
    Total time deposits $45,664
    Total time and savings deposits $1,428,019
    Noninterest-bearing deposits $720,794
    Interest-bearing deposits $930,908
    Retail deposits $1,645,944
    IRAs and Keogh plan accounts $27,572
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,822,146
    Cash & Balances due from depository institutions $120,196
    Interest-bearing balances $108,429
    Total securities $431,372
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,176,405
    Loan and leases loss allowance $14,896
    Trading account assets $0
    Bank premises and fixed assets $32,897
    Other real estate owned $0
    Goodwill and other intangibles $1,885
    All other assets $59,391

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,822,146
    Total Liabilities $1,659,523
    Total deposits $1,651,702
    Interest-bearing deposits $930,908
    Deposits held in domestic offices $1,651,702
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $71
    Subordinated debt $0
    All other liabilities $7,750

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,176,405
    Loan and leases loss allowance $14,896
    Total loans and leases (domestic) $1,191,301
    All real estate loans $1,116,349
    Real estate loans in domestic offices $1,116,349
    Construction and development loans $115,903
    Residential 1-4 family construction $18,363
    Other construction, all land development and other land $97,540
    Loans secured by nonfarm nonresidential properties $556,782
    Nonfarm nonresidential secured by owner-occupied properties $170,884
    Commercial real estate & other non-farm, non-residential $385,898
    Multifamily residential real estate $61,578
    1-4 family residential loans $382,066
    Farmland loans $20
    Loans held in foreign offices $0
    Farm loans $141
    Commercial and industrial loans $67,243
    To non-U.S. addressees $0
    Loans to individuals $850
    Credit card loans $0
    Related Plans $41
    Consumer Auto Loans $72
    Other loans to individuals $737
    All other loans & leases $6,718
    Loans to foreign governments and official institutions $0
    Other loans $3,232
    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 $3,586
    Non 1-4 family restructured loans & leases $3,444
    Total loans and leases (foreign) $0

    Kennebunk Savings Bank had $1,176,405,000 of loans outstanding in 2021. $1,116,349,000 of loans were in real estate loans. $115,903,000 of loans were in development loans. $61,578,000 of loans were in multifamily mortgage loans. $382,066,000 of loans were in 1-4 family mortgage loans. $141,000 of loans were in farm loans. $0 of loans were in credit card loans. $72,000 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 559 $146,038 $261,249
    Nonfarm, nonresidential loans - <$100k 78 $3,138 $40,231
    Nonfarm, nonresidential loans - $100-250k 194 $23,302 $120,113
    Nonfarm, nonresidential loans - $250k-1MM 287 $119,598 $416,718
    Commercial & Industrial, US addressed loans - <$1MM 1,149 $59,063 $51,404
    Commercial & Industrial, US addressed loans - <$100k 917 $12,635 $13,779
    Commercial & Industrial, US addressed loans - $100-250k 133 $15,945 $119,887
    Commercial & Industrial, US addressed loans - $250k-1MM 99 $30,483 $307,909
    Farmland loans - <$1MM 1 $20 $20,000
    Farmland loans - <$100k 1 $20 $20,000
    Agriculture operations loans - <$1MM 9 $141 $15,667
    Agriculture operations loans - <$100k 9 $141 $15,667