Finemark National Bank & Trust Mortgage Rates, Fees & Info
Fort Myers, FLLEI: 5493005JF6BKCN6OY689
Tax ID: 20-8075599
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Bank Data
Review & 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 by origination volume include: Naples, Cape Coral, Charleston, Phoenix, and Miami among others. We have data for 34 markets. (Some data included below & more in-depth data is available with an active subscription.)Finemark National Bank & Trust has an above 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.60% | 12/16/24 |
| 30 Year Conventional Refi | 6.52% | 12/16/24 |
| 30 Year Cash-out Refi | 6.49% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Finemark National Bank & Trust Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
306Origination Dollar Volume (All Markets)
$206,310,000Employee count
183Top 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 |
|---|---|---|---|---|---|
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 92 | $92,250,000 | $1,002,717 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 73 | $35,925,000 | $492,123 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 37 | $26,765,000 | $723,378 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 51 | $22,325,000 | $437,745 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 7 | $4,675,000 | $667,857 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $3,415,000 | $683,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 4 | $1,950,000 | $487,500 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $1,900,000 | $950,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $1,595,000 | $1,595,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $1,420,000 | $710,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $0 | 0.00% |
| Key West, FL (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 0.00% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against FineMark National Bank & Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 306 | $206,310,000 | $674,216 | $0 | 0.00% |
For 2018, Finemark National Bank & Trust's most frequently originated type of loan was Conventional, with 306 originations.
Loan Reason
For 2018, Finemark National Bank & Trust's most frequently cited loan purpose was Home Purchase, with 257 originations. The 2nd most popular reason was Refi, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 306 | $206,310,000 | $674,216 | $0 | 0.00% |
For 2018, Finemark National Bank & Trust's most frequently cited loan duration was Other, with 306 originations.
Loan Sizing
2018 saw Finemark National Bank & Trust place emphasis on $200k-400k loans with 74 originations, totaling $21,280,000 in origination value.
Applicant Income
Finemark National Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 119 originations. The second most popular income band? $150k-250k, with 46 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 306 | $206,310,000 | $674,216 | $0 | 0.00% |
Finemark National Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 306 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.57%
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 origination87.58%
Finemark National Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 306 | $206,310,000 | $674,216 |
Occupancy Type Mix
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 | $134,209 |
| FineMark National Bank & Trust | 10200 Cypress Cove Drive Fort Myers, FL 33908 | Full Service B&M | $930 |
| FineMark National Bank & Trust | 120 Moorings Park Drive Naples, FL 34105 | Full Service B&M | $33,325 |
| FineMark National Bank & Trust | 12681 Creekside Lane Fort Myers, FL 33919 | Full Service B&M | $693,001 |
| FineMark National Bank & Trust | 14990 Shell Point Blvd. Fort Myers, FL 33919 | Full Service B&M | $71,252 |
| FineMark National Bank & Trust | 20909 N 90th Place, Ste 102 Scottsdale, AZ 85255 | Full Service B&M | $28,891 |
| FineMark National Bank & Trust | 26800 South Tamiami Trail Bonita Springs, FL 34134 | Full Service B&M | $28,606 |
| FineMark National Bank & Trust | 340 Royal Palm Way Palm Beach, FL 33480 | Full Service B&M | $49,158 |
| FineMark National Bank & Trust | 701 Retreat Drive Naples, FL 34110 | Full Service B&M | $40,430 |
| FineMark National Bank & Trust | 7425 Pelican Bay Blvd. Naples, FL 34108 | Full Service B&M | $5,049 |
| FineMark National Bank & Trust | 7600 East Doubletree Ranch Road, Ste 100 Scottsdale, AZ 85258 | Full Service B&M | $144,098 |
| FineMark National Bank & Trust | 800 Laurel Oak Drive Naples, FL 34108 | Full Service B&M | $188,973 |
| FineMark National Bank & Trust | 865 Island Park Drive Daniel Island, SC 29492 | Full Service B&M | $20,535 |
For 2018, Finemark National Bank & Trust had 13 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $61,330 |
| Net interest income | $46,380 |
| Total noninterest income | $20,065 |
| Gross Fiduciary activities income | $16,688 |
| Service charges on deposit accounts | $222 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $3,155 |
| Pre-tax net operating income | $20,117 |
| Securities gains (or losses, -) | $4 |
| Income before extraordinary items | $16,048 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $16,048 |
| Minority interest net income | $0 |
| Net income | $16,048 |
| Sale, conversion, retirement of capital stock, net | $1,211 |
| Net operating income | $16,044 |
Finemark National Bank & Trust's gross interest income from loans was $61,330,000.
Finemark National Bank & Trust's net interest income from loans was $46,380,000.
Finemark National Bank & Trust's fee based income from loans was $222,000.
Finemark National Bank & Trust's net income from loans was $16,048,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $14,950 |
| Provision for credit losses | $2,029 |
| Total noninterest expense | $44,299 |
| Salaries and employee benefits | $28,037 |
| Premises and equipment expense | $4,154 |
| Additional noninterest expense | $12,108 |
| Applicable income taxes | $4,073 |
| Net charge-offs | $375 |
| Cash dividends | $0 |
Finemark National Bank & Trust's interest expense for loans was $14,950,000.
Finemark National Bank & Trust's payroll and benefits expense were $28,037,000.
Finemark National Bank & Trust's property, plant and equipment expenses $4,154,000.
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 | $1,479,494 |
| Deposits held in domestic offices | $1,479,494 |
| Deposits by Individuals, partnerships, and corporations | $1,375,841 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $103,652 |
| Deposits by Commercial banks and other depository institutions in U.S. | $1 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $69,251 |
| Demand deposits | $36,041 |
| Nontransaction accounts | $1,410,243 |
| Money market deposit accounts (MMDAs) | $1,252,005 |
| Other savings deposits (excluding MMDAs) | $12,951 |
| Total time deposits | $145,286 |
| Total time and savings deposits | $1,443,453 |
| Noninterest-bearing deposits | $210,078 |
| Interest-bearing deposits | $1,269,416 |
| Retail deposits | $1,354,730 |
| IRAs and Keogh plan accounts | $9,679 |
| Brokered deposits | $5,007 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,854,847 |
| Cash & Balances due from depository institutions | $33,687 |
| Interest-bearing balances | $19,596 |
| Total securities | $371,449 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,365,063 |
| Loan and leases loss allowance | $14,466 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $23,577 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $61,071 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,854,847 |
| Total Liabilities | $1,685,520 |
| Total deposits | $1,479,494 |
| Interest-bearing deposits | $1,269,416 |
| Deposits held in domestic offices | $1,479,494 |
| % insured (estimated) | $54 |
| Federal funds purchased and repurchase agreements | $2,076 |
| Trading liabilities | $0 |
| Other borrowed funds | $196,514 |
| Subordinated debt | $0 |
| All other liabilities | $7,436 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,365,063 |
| Loan and leases loss allowance | $14,466 |
| Total loans and leases (domestic) | $1,379,529 |
| All real estate loans | $1,203,686 |
| Real estate loans in domestic offices | $1,203,686 |
| Construction and development loans | $135,619 |
| Residential 1-4 family construction | $84,749 |
| Other construction, all land development and other land | $50,870 |
| Loans secured by nonfarm nonresidential properties | $188,269 |
| Nonfarm nonresidential secured by owner-occupied properties | $81,076 |
| Commercial real estate & other non-farm, non-residential | $107,193 |
| Multifamily residential real estate | $27,333 |
| 1-4 family residential loans | $852,353 |
| Farmland loans | $112 |
| Loans held in foreign offices | $0 |
| Farm loans | $49 |
| Commercial and industrial loans | $97,548 |
| To non-U.S. addressees | $1,061 |
| Loans to individuals | $79,203 |
| Credit card loans | $0 |
| Related Plans | $54,288 |
| Consumer Auto Loans | $848 |
| Other loans to individuals | $24,067 |
| All other loans & leases | $256 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $256 |
| 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 | $297 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
FineMark National Bank & Trust had $1,365,063,000 of loans outstanding in 2018. $1,203,686,000 of loans were in real estate loans. $135,619,000 of loans were in development loans. $27,333,000 of loans were in multifamily mortgage loans. $852,353,000 of loans were in 1-4 family mortgage loans. $49,000 of loans were in farm loans. $0 of loans were in credit card loans. $848,000 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 | 119 | $49,040 | $412,101 |
| Nonfarm, nonresidential loans - <$100k | 2 | $80 | $40,000 |
| Nonfarm, nonresidential loans - $100-250k | 25 | $4,273 | $170,920 |
| Nonfarm, nonresidential loans - $250k-1MM | 92 | $44,687 | $485,728 |
| Commercial & Industrial, US addressed loans - <$1MM | 175 | $27,702 | $158,297 |
| Commercial & Industrial, US addressed loans - <$100k | 77 | $3,407 | $44,247 |
| Commercial & Industrial, US addressed loans - $100-250k | 54 | $7,171 | $132,796 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 44 | $17,124 | $389,182 |
| Farmland loans - <$1MM | 1 | $112 | $112,000 |
| Farmland loans - $100-250k | 1 | $112 | $112,000 |
| Agriculture operations loans - <$1MM | 2 | $49 | $24,500 |
| Agriculture operations loans - <$100k | 2 | $49 | $24,500 |