Finemark National Bank & Trust Mortgage Rates, Fees & Info

Fort Myers, FL

LEI: 5493005JF6BKCN6OY689

Tax ID: 20-8075599

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 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.

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Originations

306

Origination Dollar Volume (All Markets)

$206,310,000

Employee count

183

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
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%

Finemark National Bank & Trust's top markets include Naples, Cape Coral, Charleston, Phoenix, and Miami among others.

Their top states include:

Florida (FHA|USDA|VA)

South Carolina (FHA|USDA|VA)

Arizona (FHA|USDA|VA)

Nevada (FHA|USDA|VA)

Colorado (FHA|USDA|VA)

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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

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	257	$174,415,000	$678,658	$0	0.00%
Refi	31	$24,395,000	$786,935	$0	0.00%
Other	7	$2,665,000	$380,714	$0	0.00%
Home Improvement	6	$2,600,000	$433,333	$0	0.00%
Cash Out Refi	5	$2,235,000	$447,000	$0	0.00%

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

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	74	$21,280,000	$287,568	$0	0.00%
$400k-600k	59	$29,135,000	$493,814	$0	0.00%
$600k-1MM	55	$41,545,000	$755,364	$0	0.00%
$1MM+	53	$105,735,000	$1,995,000	$0	0.00%
$100k-200k	49	$7,685,000	$156,837	$0	0.00%
$100,000 or less	16	$930,000	$58,125	$0	0.00%

2018 saw Finemark National Bank & Trust place emphasis on $200k-400k loans with 74 originations, totaling $21,280,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$250k+	119	$122,905,000	$1,032,815	$0	0.00%
$150k-250k	46	$21,210,000	$461,087	$0	0.00%
$100k-150k	23	$7,595,000	$330,217	$0	0.00%
$50k-75k	18	$4,140,000	$230,000	$0	0.00%
$50k or less	15	$2,425,000	$161,667	$0	0.00%
$75k-100k	15	$3,355,000	$223,667	$0	0.00%

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

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	247	$165,095,000	$668,401	$0	0.00%
Not applicable	35	$23,315,000	$666,143	$0	0.00%
Not provided	15	$9,875,000	$658,333	$0	0.00%
Black	4	$6,450,000	$1,612,500	$0	0.00%
Asian	4	$1,430,000	$357,500	$0	0.00%
American Indian	1	$145,000	$145,000	$0	0.00%

Approval Rates

Total approvals of all applications
98.57%

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 origination
87.58%

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

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Manufactured	2	$280,000	$140,000
Multifamily:Site-Built	5	$2,145,000	$429,000
Single Family (1-4 Units):Site-Built	299	$203,885,000	$681,890

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