Finemark National Bank & Trust Mortgage Rates, Fees & Info

Fort Myers, FL

LEI: 5493005JF6BKCN6OY689

Tax ID: 20-8075599

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

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, Phoenix, Charleston, and Miami among others. We have data for 50 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.60% 3/24/24
30 Year Conventional Refi 6.52% 3/24/24
30 Year Cash-out Refi 6.49% 3/24/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Finemark National Bank & Trust. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

353

Origination Dollar Volume (All Markets)

$225,485,000

Employee count

190

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) 73 $60,665,000 $831,027 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 104 $52,370,000 $503,558 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 77 $48,165,000 $625,519 $0 0.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 27 $18,275,000 $676,852 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 10 $5,540,000 $554,000 $0 0.00%
Edwards, CO (FHA|USDA|VA) 2 $4,530,000 $2,265,000 $0 0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $4,105,000 $1,368,333 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $3,365,000 $1,121,667 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $3,085,000 $3,085,000 $0 0.00%
Jackson, WY-ID (FHA|USDA|VA) 1 $2,515,000 $2,515,000 $0 0.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $1,870,000 $935,000 $0 0.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $1,605,000 $1,605,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $1,355,000 $451,667 $0 0.00%
Glenwood Springs, CO (FHA|USDA|VA) 1 $1,335,000 $1,335,000 $0 0.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $1,285,000 $1,285,000 $0 0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $970,000 $485,000 $0 0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $905,000 $905,000 $0 0.00%
PUNTA GORDA, FL (FHA|USDA|VA) 3 $905,000 $301,667 $0 0.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $865,000 $865,000 $0 0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $800,000 $400,000 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $770,000 $385,000 $0 0.00%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $715,000 $715,000 $0 0.00%
Show Low, AZ (FHA|USDA|VA) 3 $695,000 $231,667 $0 0.00%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $655,000 $655,000 $0 0.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $605,000 $605,000 $0 0.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $575,000 $575,000 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
GAINESVILLE, GA (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $470,000 $235,000 $0 0.00%
ROCHESTER, NY (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
FRESNO, CA (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
Key West, FL (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
Kalispell, MT (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
Outside of Metro Areas 2 $270,000 $135,000 $0 0.00%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
Lebanon, NH-VT (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
GAINESVILLE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
Clewiston, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
ANN ARBOR, MI (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
TUCSON, AZ (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
SYRACUSE, NY (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
COLUMBUS, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Finemark National Bank & Trust's top markets include Naples, Cape Coral, Phoenix, Charleston, and Miami among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 353 $225,485,000 $638,768 $0 0.00%

    For 2019, Finemark National Bank & Trust's most frequently originated type of loan was Conventional, with 353 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 265 $170,545,000 $643,566 $0 0.00%
    Refi 33 $24,395,000 $739,242 $0 0.00%
    Cash Out Refi 32 $19,430,000 $607,188 $0 0.00%
    Other 21 $11,055,000 $526,429 $0 0.00%
    Home Improvement 2 $60,000 $30,000 $0 0.00%

    For 2019, Finemark National Bank & Trust's most frequently cited loan purpose was Home Purchase, with 265 originations. The 2nd most popular reason was Refi, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 353 $225,485,000 $638,768 $0 0.00%

    For 2019, Finemark National Bank & Trust's most frequently cited loan duration was Other, with 353 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 110 $29,890,000 $271,727 $0 0.00%
    $400k-600k 65 $31,575,000 $485,769 $0 0.00%
    $1MM+ 64 $114,750,000 $1,792,969 $0 0.00%
    $600k-1MM 54 $41,730,000 $772,778 $0 0.00%
    $100k-200k 44 $6,540,000 $148,636 $0 0.00%
    $100,000 or less 16 $1,000,000 $62,500 $0 0.00%

    2019 saw Finemark National Bank & Trust place emphasis on $200k-400k loans with 110 originations, totaling $29,890,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 130 $131,950,000 $1,015,000 $0 0.00%
    $150k-250k 48 $22,200,000 $462,500 $0 0.00%
    $100k-150k 38 $12,110,000 $318,684 $0 0.00%
    $75k-100k 19 $5,035,000 $265,000 $0 0.00%
    $50k-75k 15 $4,305,000 $287,000 $0 0.00%
    $50k or less 13 $1,895,000 $145,769 $0 0.00%

    Finemark National Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 130 originations. The second most popular income band? $150k-250k, with 48 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 353 $225,485,000 $638,768 $0 0.00%

    Finemark National Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 353 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 254 $167,320,000 $658,740 $0 0.00%
    Not applicable 55 $31,815,000 $578,455 $0 0.00%
    Not provided 19 $16,685,000 $878,158 $0 0.00%
    Asian 7 $4,675,000 $667,857 $0 0.00%
    Black 11 $2,845,000 $258,636 $0 0.00%
    American Indian 3 $665,000 $221,667 $0 0.00%
    Other Asian 1 $525,000 $525,000 $0 0.00%
    Asian Indian 1 $485,000 $485,000 $0 0.00%
    Native Hawaiian or Islander 1 $245,000 $245,000 $0 0.00%
    Korean 1 $225,000 $225,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.13%

    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
    89.80%

    Finemark National Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 353 $225,485,000 $638,768

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $345,000 $345,000
    Single Family (1-4 Units):Manufactured 3 $975,000 $325,000
    Single Family (1-4 Units):Site-Built 349 $224,165,000 $642,307

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    F&M Mortgage Group, LLC FHA mortgage Struggling to pay mortgage 1 100.0%

    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 $131,183
    FineMark National Bank & Trust 10200 Cypress Cove Drive Fort Myers, FL 33908 Full Service B&M $5,982
    FineMark National Bank & Trust 120 Moorings Park Drive Naples, FL 34105 Full Service B&M $27,810
    FineMark National Bank & Trust 12681 Creekside Lane, Pinebrook Park Complex Fort Myers, FL 33919 Full Service B&M $676,707
    FineMark National Bank & Trust 14990 Shell Point Blvd. Fort Myers, FL 33919 Full Service B&M $74,467
    FineMark National Bank & Trust 20909 N 90th Place, Ste 102 Scottsdale, AZ 85255 Full Service B&M $38,947
    FineMark National Bank & Trust 26800 South Tamiami Trail Bonita Springs, FL 34134 Full Service B&M $40,972
    FineMark National Bank & Trust 340 Royal Palm Way Palm Beach, FL 33480 Full Service B&M $56,877
    FineMark National Bank & Trust 701 Retreat Drive Naples, FL 34110 Full Service B&M $42,861
    FineMark National Bank & Trust 7425 Pelican Bay Blvd. Naples, FL 34108 Full Service B&M $2,337
    FineMark National Bank & Trust 7600 East Doubletree Ranch Road, Ste 100 Scottsdale, AZ 85258 Full Service B&M $183,383
    FineMark National Bank & Trust 800 Laurel Oak Drive Naples, FL 34108 Full Service B&M $206,600
    FineMark National Bank & Trust 865 Island Park Drive Daniel Island, SC 29492 Full Service B&M $41,128

    For 2019, Finemark National Bank & Trust had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $72,221
    Net interest income $47,778
    Total noninterest income $21,683
    Gross Fiduciary activities income $18,614
    Service charges on deposit accounts $232
    Trading account gains and fees $0
    Additional Noninterest Income $2,837
    Pre-tax net operating income $21,639
    Securities gains (or losses, -) $1,561
    Income before extraordinary items $17,657
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $17,657
    Minority interest net income $0
    Net income $17,657
    Sale, conversion, retirement of capital stock, net $1,263
    Net operating income $16,423

    Finemark National Bank & Trust's gross interest income from loans was $72,221,000.
    Finemark National Bank & Trust's net interest income from loans was $47,778,000.
    Finemark National Bank & Trust's fee based income from loans was $232,000.
    Finemark National Bank & Trust's net income from loans was $17,657,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $24,443
    Provision for credit losses $1,488
    Total noninterest expense $46,334
    Salaries and employee benefits $28,902
    Premises and equipment expense $4,617
    Additional noninterest expense $12,815
    Applicable income taxes $5,543
    Net charge-offs $116
    Cash dividends $0

    Finemark National Bank & Trust's interest expense for loans was $24,443,000.
    Finemark National Bank & Trust's payroll and benefits expense were $28,902,000.
    Finemark National Bank & Trust's property, plant and equipment expenses $4,617,000.

    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 $1,682,520
    Deposits held in domestic offices $1,682,520
    Deposits by Individuals, partnerships, and corporations $1,585,018
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $95,051
    Deposits by Commercial banks and other depository institutions in U.S. $2,451
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $76,647
    Demand deposits $39,814
    Nontransaction accounts $1,605,873
    Money market deposit accounts (MMDAs) $1,500,347
    Other savings deposits (excluding MMDAs) $11,434
    Total time deposits $94,091
    Total time and savings deposits $1,642,706
    Noninterest-bearing deposits $207,584
    Interest-bearing deposits $1,474,936
    Retail deposits $1,609,404
    IRAs and Keogh plan accounts $9,587
    Brokered deposits $5,065
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,165,171
    Cash & Balances due from depository institutions $51,038
    Interest-bearing balances $39,426
    Total securities $505,170
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,509,566
    Loan and leases loss allowance $15,838
    Trading account assets $0
    Bank premises and fixed assets $33,617
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $65,780

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,165,171
    Total Liabilities $1,966,129
    Total deposits $1,682,520
    Interest-bearing deposits $1,474,936
    Deposits held in domestic offices $1,682,520
    % insured (estimated) $62
    Federal funds purchased and repurchase agreements $2,390
    Trading liabilities $0
    Other borrowed funds $273,636
    Subordinated debt $0
    All other liabilities $7,583

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,509,566
    Loan and leases loss allowance $15,838
    Total loans and leases (domestic) $1,525,404
    All real estate loans $1,334,890
    Real estate loans in domestic offices $1,334,890
    Construction and development loans $138,513
    Residential 1-4 family construction $76,314
    Other construction, all land development and other land $62,199
    Loans secured by nonfarm nonresidential properties $202,585
    Nonfarm nonresidential secured by owner-occupied properties $77,595
    Commercial real estate & other non-farm, non-residential $124,990
    Multifamily residential real estate $10,679
    1-4 family residential loans $983,005
    Farmland loans $108
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $107,513
    To non-U.S. addressees $1,021
    Loans to individuals $82,986
    Credit card loans $0
    Related Plans $59,815
    Consumer Auto Loans $1,111
    Other loans to individuals $22,060
    All other loans & leases $1,712
    Loans to foreign governments and official institutions $0
    Other loans $1,712
    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 $148
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    FineMark National Bank & Trust had $1,509,566,000 of loans outstanding in 2019. $1,334,890,000 of loans were in real estate loans. $138,513,000 of loans were in development loans. $10,679,000 of loans were in multifamily mortgage loans. $983,005,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,111,000 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 140 $57,069 $407,636
    Nonfarm, nonresidential loans - <$100k 5 $301 $60,200
    Nonfarm, nonresidential loans - $100-250k 27 $4,480 $165,926
    Nonfarm, nonresidential loans - $250k-1MM 108 $52,288 $484,148
    Commercial & Industrial, US addressed loans - <$1MM 230 $37,767 $164,204
    Commercial & Industrial, US addressed loans - <$100k 107 $4,480 $41,869
    Commercial & Industrial, US addressed loans - $100-250k 61 $8,473 $138,902
    Commercial & Industrial, US addressed loans - $250k-1MM 62 $24,814 $400,226
    Farmland loans - <$1MM 1 $108 $108,000
    Farmland loans - $100-250k 1 $108 $108,000