Finemark National Bank & Trust Mortgage Rates, Fees & Info
Fort Myers, FLLEI: 5493005JF6BKCN6OY689
Tax ID: 20-8075599
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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.
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Originations
353Origination Dollar Volume (All Markets)
$225,485,000Employee count
190Top 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% |
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 | 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
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
2019 saw Finemark National Bank & Trust place emphasis on $200k-400k loans with 110 originations, totaling $29,890,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications98.13%
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 origination89.80%
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
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 |