Finemark National Bank & Trust Mortgage Rates, Fees & Info
Fort Myers, FL
LEI: 5493005JF6BKCN6OY689
Tax ID: 20-8075599
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Mortgage Data
Bank Data
Overview
Finemark National Bank & Trust is a
smaller
bank
specializing in
Home Purchase
loans.
Finemark National Bank & Trust has a high proportion of conventional loans.
Their top markets include Naples, Phoenix, Cape Coral, Charleston, and Miami among others. Finemark National Bank & Trust has
an above average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
Originations
500
Origination Dollar Volume (All Markets)
$444,950,000
Employee count
229
Top Markets
| Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
|
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA)
|
133
|
$161,165,000 |
$1,211,767 |
$0 |
0.00% |
|
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)
|
97
|
$85,775,000 |
$884,278 |
$0 |
0.00% |
|
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA)
|
120
|
$59,710,000 |
$497,583 |
$0 |
0.00% |
|
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA)
|
44
|
$36,820,000 |
$836,818 |
$0 |
0.00% |
|
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)
|
28
|
$23,140,000 |
$826,429 |
$0 |
0.00% |
|
Outside of Metro Areas
|
4 |
$6,650,000 |
$1,662,500 |
$0 |
0.00% |
|
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)
|
5
|
$6,585,000 |
$1,317,000 |
$0 |
0.00% |
|
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA)
|
1
|
$5,755,000 |
$5,755,000 |
$0 |
0.00% |
|
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA)
|
3
|
$4,405,000 |
$1,468,333 |
$0 |
0.00% |
|
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA)
|
3
|
$4,065,000 |
$1,355,000 |
$0 |
0.00% |
|
Kalispell, MT (FHA|USDA|VA)
|
2
|
$3,560,000 |
$1,780,000 |
$0 |
0.00% |
|
Breckenridge, CO (FHA|USDA|VA)
|
1
|
$3,555,000 |
$3,555,000 |
$0 |
0.00% |
|
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA)
|
2
|
$3,450,000 |
$1,725,000 |
$0 |
0.00% |
|
GREENVILLE-ANDERSON, SC (FHA|USDA|VA)
|
5
|
$3,085,000 |
$617,000 |
$0 |
0.00% |
|
Key West, FL (FHA|USDA|VA)
|
3
|
$2,955,000 |
$985,000 |
$0 |
0.00% |
|
JACKSONVILLE, FL (FHA|USDA|VA)
|
3
|
$2,815,000 |
$938,333 |
$0 |
0.00% |
|
Outside of Metro Areas
|
1 |
$2,655,000 |
$2,655,000 |
$0 |
0.00% |
|
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA)
|
1
|
$2,505,000 |
$2,505,000 |
$0 |
0.00% |
|
Hailey, ID (FHA|USDA|VA)
|
1
|
$2,345,000 |
$2,345,000 |
$0 |
0.00% |
|
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)
|
1
|
$2,135,000 |
$2,135,000 |
$0 |
0.00% |
|
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA)
|
3
|
$2,095,000 |
$698,333 |
$0 |
0.00% |
|
Cullowhee, NC (FHA|USDA|VA)
|
3
|
$2,005,000 |
$668,333 |
$0 |
0.00% |
|
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA)
|
2
|
$1,540,000 |
$770,000 |
$0 |
0.00% |
|
PUNTA GORDA, FL (FHA|USDA|VA)
|
3
|
$1,445,000 |
$481,667 |
$0 |
0.00% |
|
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA)
|
1
|
$1,105,000 |
$1,105,000 |
$0 |
0.00% |
|
RALEIGH-CARY, NC (FHA|USDA|VA)
|
2
|
$1,070,000 |
$535,000 |
$0 |
0.00% |
|
Edwards, CO (FHA|USDA|VA)
|
1
|
$1,015,000 |
$1,015,000 |
$0 |
0.00% |
|
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA)
|
1
|
$895,000 |
$895,000 |
$0 |
0.00% |
|
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA)
|
1
|
$815,000 |
$815,000 |
$0 |
0.00% |
|
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA)
|
1
|
$675,000 |
$675,000 |
$0 |
0.00% |
|
Heber, UT (FHA|USDA|VA)
|
1
|
$655,000 |
$655,000 |
$0 |
0.00% |
|
WILMINGTON, NC (FHA|USDA|VA)
|
1
|
$655,000 |
$655,000 |
$0 |
0.00% |
|
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA)
|
1
|
$655,000 |
$655,000 |
$0 |
0.00% |
|
Clewiston, FL (FHA|USDA|VA)
|
1
|
$605,000 |
$605,000 |
$0 |
0.00% |
|
Show Low, AZ (FHA|USDA|VA)
|
2
|
$530,000 |
$265,000 |
$0 |
0.00% |
|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA)
|
1
|
$525,000 |
$525,000 |
$0 |
0.00% |
|
CINCINNATI, OH-KY-IN (FHA|USDA|VA)
|
1
|
$505,000 |
$505,000 |
$0 |
0.00% |
|
ASHEVILLE, NC (FHA|USDA|VA)
|
1
|
$485,000 |
$485,000 |
$0 |
0.00% |
|
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA)
|
1
|
$485,000 |
$485,000 |
$0 |
0.00% |
|
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA)
|
1
|
$465,000 |
$465,000 |
$0 |
0.00% |
|
ANN ARBOR, MI (FHA|USDA|VA)
|
1
|
$455,000 |
$455,000 |
$0 |
0.00% |
|
PORT ST. LUCIE, FL (FHA|USDA|VA)
|
1
|
$415,000 |
$415,000 |
$0 |
0.00% |
|
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA)
|
1
|
$395,000 |
$395,000 |
$0 |
0.00% |
|
BRUNSWICK, GA (FHA|USDA|VA)
|
1
|
$365,000 |
$365,000 |
$0 |
0.00% |
|
LYNCHBURG, VA (FHA|USDA|VA)
|
1
|
$345,000 |
$345,000 |
$0 |
0.00% |
|
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA)
|
1
|
$315,000 |
$315,000 |
$0 |
0.00% |
|
OCALA, FL (FHA|USDA|VA)
|
1
|
$265,000 |
$265,000 |
$0 |
0.00% |
|
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)
|
1
|
$255,000 |
$255,000 |
$0 |
0.00% |
|
ST. LOUIS, MO-IL (FHA|USDA|VA)
|
1
|
$205,000 |
$205,000 |
$0 |
0.00% |
|
PUEBLO, CO (FHA|USDA|VA)
|
1
|
$175,000 |
$175,000 |
$0 |
0.00% |
|
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA)
|
1
|
$165,000 |
$165,000 |
$0 |
0.00% |
|
Georgetown, SC (FHA|USDA|VA)
|
1
|
$135,000 |
$135,000 |
$0 |
0.00% |
|
RICHMOND, VA (FHA|USDA|VA)
|
1
|
$105,000 |
$105,000 |
$0 |
0.00% |
Finemark National Bank & Trust's top markets include Naples, Phoenix, Cape Coral, Charleston, and Miami among others.
Product Mix
| Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Conventional |
500 |
$444,950,000 |
$889,900 |
$0 |
0.00% |
For the 2021 period, Finemark National Bank & Trust's most frequently
originated loan type
of loans were Conventional, with 500 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Home Purchase |
398 |
$365,870,000 |
$919,271 |
$0 |
0.00% |
| Cash Out Refi |
42 |
$35,530,000 |
$845,952 |
$0 |
0.00% |
| Refi |
36 |
$24,200,000 |
$672,222 |
$0 |
0.00% |
| Other |
21 |
$18,285,000 |
$870,714 |
$0 |
0.00% |
| Home Improvement |
3 |
$1,065,000 |
$355,000 |
$0 |
0.00% |
For the 2021, Finemark National Bank & Trust's most frequently cited loan
purpose
of loans were Home Purchase, with 398
originations.
The 2nd most popular reason of loans were Cash Out Refi,
with 42 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Other |
500 |
$444,950,000 |
$889,900 |
$0 |
0.00% |
For the 2021, Finemark National Bank & Trust's most frequently cited loan
length
of loans were Other, with 500 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $1MM+ |
147 |
$285,565,000 |
$1,942,619 |
$0 |
0.00% |
| $200k-400k |
113 |
$33,145,000 |
$293,319 |
$0 |
0.00% |
| $600k-1MM |
98 |
$76,910,000 |
$784,796 |
$0 |
0.00% |
| $400k-600k |
82 |
$40,910,000 |
$498,902 |
$0 |
0.00% |
| $100k-200k |
49 |
$7,675,000 |
$156,633 |
$0 |
0.00% |
| $100,000 or less |
11 |
$745,000 |
$67,727 |
$0 |
0.00% |
2021 saw Finemark National Bank & Trust place emphasis on
$1MM+ loans
with 147 originations, totaling
$285,565,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $250k+ |
216 |
$262,410,000 |
$1,214,861 |
$0 |
0.00% |
| $150k-250k |
55 |
$31,145,000 |
$566,273 |
$0 |
0.00% |
| $100k-150k |
36 |
$13,920,000 |
$386,667 |
$0 |
0.00% |
| $50k or less |
28 |
$8,000,000 |
$285,714 |
$0 |
0.00% |
| $50k-75k |
26 |
$6,450,000 |
$248,077 |
$0 |
0.00% |
| $75k-100k |
18 |
$5,840,000 |
$324,444 |
$0 |
0.00% |
Finemark National Bank & Trust lent most frequently to those with incomes in the
$250k+ range, with
216 originations.
The second most popular income band? $150k-250k,
with 55 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Exempt% |
500 |
$444,950,000 |
$889,900 |
$0 |
0.00% |
Finemark National Bank & Trust 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 |
343 |
$301,115,000 |
$877,886 |
$0 |
0.00% |
| Not applicable |
87 |
$93,635,000 |
$1,076,264 |
$0 |
0.00% |
| Not provided |
33 |
$31,505,000 |
$954,697 |
$0 |
0.00% |
| Asian |
9 |
$6,985,000 |
$776,111 |
$0 |
0.00% |
| Black |
20 |
$6,770,000 |
$338,500 |
$0 |
0.00% |
| Other Asian |
3 |
$1,985,000 |
$661,667 |
$0 |
0.00% |
| Asian Indian |
1 |
$1,405,000 |
$1,405,000 |
$0 |
0.00% |
| Japanese |
1 |
$585,000 |
$585,000 |
$0 |
0.00% |
| American Indian |
1 |
$545,000 |
$545,000 |
$0 |
0.00% |
| Native Hawaiian |
1 |
$215,000 |
$215,000 |
$0 |
0.00% |
| Korean |
1 |
$205,000 |
$205,000 |
$0 |
0.00% |
Approval Rates
Total approvals of all applications
97.90%
Finemark National Bank & Trust 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
87.86%
Finemark National Bank & Trust has an average pick rate.
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| Exempt |
500 |
$444,950,000 |
$889,900 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
|
500 |
$444,950,000 |
$889,900 |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| Finemark National Bank & Trust |
10010 Coconut Road Bonita Springs, FL 34135 |
Full Service B&M
|
$186,242 |
| Finemark National Bank & Trust |
10200 Cypress Cove Drive Fort Myers, FL 33908 |
Full Service B&M
|
$10,367 |
| Finemark National Bank & Trust |
120 Moorings Park Drive Naples, FL 34105 |
Full Service B&M
|
$33,424 |
| Finemark National Bank & Trust |
14990 Shell Point Blvd. Fort Myers, FL 33919 |
Full Service B&M
|
$92,172 |
| Finemark National Bank & Trust |
20909 N 90th Place, Ste 102 Scottsdale, AZ 85255 |
Full Service B&M
|
$69,433 |
| Finemark National Bank & Trust |
26800 South Tamiami Trail Bonita Springs, FL 34134 |
Full Service B&M
|
$91,016 |
| Finemark National Bank & Trust |
340 Royal Palm Way Palm Beach, FL 33480 |
Full Service B&M
|
$98,862 |
| Finemark National Bank & Trust |
701 Retreat Drive Naples, FL 34110 |
Full Service B&M
|
$54,717 |
| Finemark National Bank & Trust |
7600 East Doubletree Ranch Road, Ste 100 Scottsdale, AZ 85258 |
Full Service B&M
|
$261,228 |
| Finemark National Bank & Trust |
800 Laurel Oak Drive Naples, FL 34108 |
Full Service B&M
|
$477,970 |
| Finemark National Bank & Trust |
865 Island Park Drive Daniel Island, SC 29492 |
Full Service B&M
|
$62,028 |
| Finemark National Bank & Trust |
8695 College Parkway Fort Myers, FL 33919 |
Full Service B&M
|
$959,615 |
For 2021, Finemark National Bank & Trust had 12 branches.
Yearly Performance Overview
Bank Income
Finemark National Bank & Trust's gross interest income from loans was $79,120,000.
Finemark National Bank & Trust's net interest income from loans was $67,267,000.
Finemark National Bank & Trust's fee based income from loans was $300,000.
Finemark National Bank & Trust's net income from loans was $28,240,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$11,853 |
| Provision for credit losses |
$31 |
| Total noninterest expense |
$60,910 |
| Salaries and employee benefits |
$38,281 |
| Premises and equipment expense |
$5,173 |
| Additional noninterest expense |
$17,456 |
| Applicable income taxes |
$8,425 |
| Net charge-offs |
$530 |
| Cash dividends |
$0 |
Finemark National Bank & Trust's interest expense for loans was $11,853,000.
Finemark National Bank & Trust's payroll and benefits expense were $38,281,000.
Finemark National Bank & Trust's property, plant and equipment expenses $5,173,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$2,790,072 |
| Deposits held in domestic offices |
$2,790,072 |
| Deposits by Individuals, partnerships, and corporations |
$2,707,478 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$81,437 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$1,157 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$131,724 |
| Demand deposits |
$88,760 |
| Nontransaction accounts |
$2,658,348 |
| Money market deposit accounts (MMDAs) |
$2,571,017 |
| Other savings deposits (excluding MMDAs) |
$26,304 |
| Total time deposits |
$61,026 |
| Total time and savings deposits |
$2,701,312 |
| Noninterest-bearing deposits |
$549,910 |
| Interest-bearing deposits |
$2,240,163 |
| Retail deposits |
$2,749,865 |
| IRAs and Keogh plan accounts |
$10,772 |
| Brokered deposits |
$0 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$3,374,556 |
| Cash & Balances due from depository institutions |
$260,704 |
| Interest-bearing balances |
$243,714 |
| Total securities |
$978,228 |
| Federal funds sold & reverse repurchase |
$1,010 |
| Net loans and leases |
$1,993,000 |
| Loan and leases loss allowance |
$20,283 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$53,190 |
| Other real estate owned |
$0 |
| Goodwill and other intangibles |
$0 |
| All other assets |
$88,424 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$3,374,556 |
| Total Liabilities |
$3,077,496 |
| Total deposits |
$2,790,072 |
| Interest-bearing deposits |
$2,240,163 |
| Deposits held in domestic offices |
$2,790,072 |
| % insured (estimated) |
$55 |
| Federal funds purchased and repurchase agreements |
$1,873 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$264,016 |
| Subordinated debt |
$0 |
| All other liabilities |
$21,535 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$1,993,000 |
| Loan and leases loss allowance |
$20,283 |
| Total loans and leases (domestic) |
$2,013,283 |
| All real estate loans |
$1,689,229 |
| Real estate loans in domestic offices |
$1,689,229 |
| Construction and development loans |
$210,658 |
| Residential 1-4 family construction |
$132,629 |
| Other construction, all land development and other land |
$78,029 |
| Loans secured by nonfarm nonresidential properties |
$247,256 |
| Nonfarm nonresidential secured by owner-occupied properties |
$91,420 |
| Commercial real estate & other non-farm, non-residential |
$155,836 |
| Multifamily residential real estate |
$12,616 |
| 1-4 family residential loans |
$1,217,599 |
| Farmland loans |
$1,100 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$0 |
| Commercial and industrial loans |
$164,477 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$161,339 |
| Credit card loans |
$0 |
| Related Plans |
$92,936 |
| Consumer Auto Loans |
$1,857 |
| Other loans to individuals |
$66,546 |
| All other loans & leases |
$656 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$656 |
| 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 |
$314 |
| Non 1-4 family restructured loans & leases |
$0 |
| Total loans and leases (foreign) |
$0 |
FineMark National Bank & Trust had $1,993,000,000 of loans outstanding in 2021. $1,689,229,000 of loans were in real estate loans.
$210,658,000 of loans were in development loans. $12,616,000 of loans were in multifamily mortgage loans.
$1,217,599,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0
of loans were in credit card loans. $1,857,000 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 |
169 |
$68,492 |
$405,278 |
| Nonfarm, nonresidential loans - <$100k |
18 |
$1,078 |
$59,889 |
| Nonfarm, nonresidential loans - $100-250k |
43 |
$7,954 |
$184,977 |
| Nonfarm, nonresidential loans - $250k-1MM |
108 |
$59,460 |
$550,556 |
| Commercial & Industrial, US addressed loans - <$1MM |
261 |
$55,129 |
$211,222 |
| Commercial & Industrial, US addressed loans - <$100k |
113 |
$4,085 |
$36,150 |
| Commercial & Industrial, US addressed loans - $100-250k |
66 |
$10,916 |
$165,394 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
82 |
$40,128 |
$489,366 |
| Farmland loans - <$1MM |
1 |
$100 |
$100,000 |
| Farmland loans - <$100k |
1 |
$100 |
$100,000 |
