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, Phoenix, Cape Coral, Charleston, and Miami among others. We have data for 48 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.60% | 4/21/24 |
| 30 Year Conventional Refi | 6.52% | 4/21/24 |
| 30 Year Cash-out Refi | 6.49% | 4/21/24 |
| 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
447Origination Dollar Volume (All Markets)
$349,495,000Employee count
206Top 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) | 102 | $100,210,000 | $982,451 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 104 | $96,980,000 | $932,500 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 105 | $53,125,000 | $505,952 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 40 | $35,430,000 | $885,750 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 23 | $21,975,000 | $955,435 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $4,985,000 | $1,661,667 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 4 | $4,160,000 | $1,040,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 3 | $2,705,000 | $901,667 | $0 | 0.00% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 3 | $2,365,000 | $788,333 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $2,100,000 | $350,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $1,910,000 | $477,500 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $1,820,000 | $910,000 | $0 | 0.00% |
| Key West, FL (FHA|USDA|VA) | 2 | $1,810,000 | $905,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $1,470,000 | $735,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $1,460,000 | $730,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $1,430,000 | $715,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $1,350,000 | $337,500 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $1,345,000 | $1,345,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $1,025,000 | $1,025,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $0 | 0.00% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 0.00% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| Brevard, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $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 | 447 | $349,495,000 | $781,868 | $0 | 0.00% |
For 2020, Finemark National Bank & Trust's most frequently originated type of loan was Conventional, with 447 originations.
Loan Reason
For 2020, Finemark National Bank & Trust's most frequently cited loan purpose was Home Purchase, with 334 originations. The 2nd most popular reason was Refi, with 56 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 447 | $349,495,000 | $781,868 | $0 | 0.00% |
For 2020, Finemark National Bank & Trust's most frequently cited loan duration was Other, with 447 originations.
Loan Sizing
2020 saw Finemark National Bank & Trust place emphasis on $200k-400k loans with 110 originations, totaling $32,350,000 in origination value.
Applicant Income
Finemark National Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 195 originations. The second most popular income band? $150k-250k, with 59 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 447 | $349,495,000 | $781,868 | $0 | 0.00% |
Finemark National Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 447 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.86%
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 origination87.25%
Finemark National Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 447 | $349,495,000 | $781,868 |
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 | $142,148 |
| Finemark National Bank & Trust | 10200 Cypress Cove Drive Fort Myers, FL 33908 | Full Service B&M | $8,376 |
| Finemark National Bank & Trust | 120 Moorings Park Drive Naples, FL 34105 | Full Service B&M | $31,513 |
| Finemark National Bank & Trust | 12681 Creekside Lane, Pinebrook Park Complex Fort Myers, FL 33919 | Full Service B&M | $809,748 |
| Finemark National Bank & Trust | 14990 Shell Point Blvd. Fort Myers, FL 33919 | Full Service B&M | $81,011 |
| Finemark National Bank & Trust | 20909 N 90th Place, Ste 102 Scottsdale, AZ 85255 | Full Service B&M | $48,723 |
| Finemark National Bank & Trust | 26800 South Tamiami Trail Bonita Springs, FL 34134 | Full Service B&M | $60,801 |
| Finemark National Bank & Trust | 340 Royal Palm Way Palm Beach, FL 33480 | Full Service B&M | $63,738 |
| Finemark National Bank & Trust | 701 Retreat Drive Naples, FL 34110 | Full Service B&M | $48,725 |
| Finemark National Bank & Trust | 7425 Pelican Bay Blvd. Naples, FL 34108 | Full Service B&M | $3,826 |
| Finemark National Bank & Trust | 7600 East Doubletree Ranch Road, Ste 100 Scottsdale, AZ 85258 | Full Service B&M | $240,201 |
| Finemark National Bank & Trust | 800 Laurel Oak Drive Naples, FL 34108 | Full Service B&M | $334,525 |
| Finemark National Bank & Trust | 865 Island Park Drive Daniel Island, SC 29492 | Full Service B&M | $50,155 |
For 2020, Finemark National Bank & Trust had 13 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $76,507 |
| Net interest income | $60,147 |
| Total noninterest income | $22,758 |
| Gross Fiduciary activities income | $20,880 |
| Service charges on deposit accounts | $85 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,793 |
| Pre-tax net operating income | $26,364 |
| Securities gains (or losses, -) | $5,712 |
| Income before extraordinary items | $24,574 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $24,574 |
| Minority interest net income | $0 |
| Net income | $24,574 |
| Sale, conversion, retirement of capital stock, net | $1,605 |
| Net operating income | $20,061 |
Finemark National Bank & Trust's gross interest income from loans was $76,507,000.
Finemark National Bank & Trust's net interest income from loans was $60,147,000.
Finemark National Bank & Trust's fee based income from loans was $85,000.
Finemark National Bank & Trust's net income from loans was $24,574,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $16,360 |
| Provision for credit losses | $4,986 |
| Total noninterest expense | $51,555 |
| Salaries and employee benefits | $31,258 |
| Premises and equipment expense | $4,688 |
| Additional noninterest expense | $15,609 |
| Applicable income taxes | $7,502 |
| Net charge-offs | $42 |
| Cash dividends | $0 |
Finemark National Bank & Trust's interest expense for loans was $16,360,000.
Finemark National Bank & Trust's payroll and benefits expense were $31,258,000.
Finemark National Bank & Trust's property, plant and equipment expenses $4,688,000.
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 | $2,233,737 |
| Deposits held in domestic offices | $2,233,737 |
| Deposits by Individuals, partnerships, and corporations | $2,148,632 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $84,857 |
| Deposits by Commercial banks and other depository institutions in U.S. | $248 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $85,811 |
| Demand deposits | $49,596 |
| Nontransaction accounts | $2,147,926 |
| Money market deposit accounts (MMDAs) | $2,046,231 |
| Other savings deposits (excluding MMDAs) | $17,462 |
| Total time deposits | $84,232 |
| Total time and savings deposits | $2,184,141 |
| Noninterest-bearing deposits | $354,606 |
| Interest-bearing deposits | $1,879,131 |
| Retail deposits | $2,175,425 |
| IRAs and Keogh plan accounts | $10,658 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $2,848,058 |
| Cash & Balances due from depository institutions | $227,887 |
| Interest-bearing balances | $214,502 |
| Total securities | $654,141 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,847,662 |
| Loan and leases loss allowance | $20,782 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $48,915 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $69,453 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $2,848,058 |
| Total Liabilities | $2,592,214 |
| Total deposits | $2,233,737 |
| Interest-bearing deposits | $1,879,131 |
| Deposits held in domestic offices | $2,233,737 |
| % insured (estimated) | $58 |
| Federal funds purchased and repurchase agreements | $5,612 |
| Trading liabilities | $0 |
| Other borrowed funds | $334,271 |
| Subordinated debt | $0 |
| All other liabilities | $18,594 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,847,662 |
| Loan and leases loss allowance | $20,782 |
| Total loans and leases (domestic) | $1,868,444 |
| All real estate loans | $1,524,722 |
| Real estate loans in domestic offices | $1,524,722 |
| Construction and development loans | $168,962 |
| Residential 1-4 family construction | $105,349 |
| Other construction, all land development and other land | $63,613 |
| Loans secured by nonfarm nonresidential properties | $234,818 |
| Nonfarm nonresidential secured by owner-occupied properties | $102,934 |
| Commercial real estate & other non-farm, non-residential | $131,884 |
| Multifamily residential real estate | $10,358 |
| 1-4 family residential loans | $1,110,480 |
| Farmland loans | $104 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $215,374 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $129,175 |
| Credit card loans | $0 |
| Related Plans | $73,219 |
| Consumer Auto Loans | $1,161 |
| Other loans to individuals | $54,795 |
| All other loans & leases | $609 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $609 |
| 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 | $580 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
FineMark National Bank & Trust had $1,847,662,000 of loans outstanding in 2020. $1,524,722,000 of loans were in real estate loans. $168,962,000 of loans were in development loans. $10,358,000 of loans were in multifamily mortgage loans. $1,110,480,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,161,000 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 | 166 | $67,242 | $405,072 |
| Nonfarm, nonresidential loans - <$100k | 9 | $596 | $66,222 |
| Nonfarm, nonresidential loans - $100-250k | 46 | $8,136 | $176,870 |
| Nonfarm, nonresidential loans - $250k-1MM | 111 | $58,510 | $527,117 |
| Commercial & Industrial, US addressed loans - <$1MM | 687 | $95,804 | $139,453 |
| Commercial & Industrial, US addressed loans - <$100k | 457 | $16,836 | $36,840 |
| Commercial & Industrial, US addressed loans - $100-250k | 103 | $16,793 | $163,039 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 127 | $62,175 | $489,567 |
| Farmland loans - <$1MM | 1 | $104 | $104,000 |
| Farmland loans - $100-250k | 1 | $104 | $104,000 |