Finemark National Bank & Trust Mortgage Rates, Fees & Info

Fort Myers, FL

LEI: 5493005JF6BKCN6OY689

Tax ID: 20-8075599

2021 Data | 2020 Data | 2019 Data | 2018 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

Item Value (in 000's)
Total interest income $79,120
Net interest income $67,267
Total noninterest income $29,437
Gross Fiduciary activities income $26,638
Service charges on deposit accounts $300
Trading account gains and fees $0
Additional Noninterest Income $2,499
Pre-tax net operating income $35,763
Securities gains (or losses, -) $902
Income before extraordinary items $28,240
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $28,240
Minority interest net income $0
Net income $28,240
Sale, conversion, retirement of capital stock, net $1,801
Net operating income $27,527

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.

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 $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