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 53 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% | 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
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
500Origination Dollar Volume (All Markets)
$444,950,000Employee count
229Top 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) | 133 | $161,165,000 | $1,211,767 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 97 | $85,775,000 | $884,278 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 120 | $59,710,000 | $497,583 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 44 | $36,820,000 | $836,818 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 28 | $23,140,000 | $826,429 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $6,650,000 | $1,662,500 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $6,585,000 | $1,317,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $5,755,000 | $5,755,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $4,405,000 | $1,468,333 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $4,065,000 | $1,355,000 | $0 | 0.00% |
| Kalispell, MT (FHA|USDA|VA) | 2 | $3,560,000 | $1,780,000 | $0 | 0.00% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $3,555,000 | $3,555,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $3,450,000 | $1,725,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 5 | $3,085,000 | $617,000 | $0 | 0.00% |
| Key West, FL (FHA|USDA|VA) | 3 | $2,955,000 | $985,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $2,815,000 | $938,333 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $2,655,000 | $2,655,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $2,505,000 | $2,505,000 | $0 | 0.00% |
| Hailey, ID (FHA|USDA|VA) | 1 | $2,345,000 | $2,345,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $2,135,000 | $2,135,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $2,095,000 | $698,333 | $0 | 0.00% |
| Cullowhee, NC (FHA|USDA|VA) | 3 | $2,005,000 | $668,333 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $1,540,000 | $770,000 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $1,445,000 | $481,667 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $0 | 0.00% |
| Edwards, CO (FHA|USDA|VA) | 1 | $1,015,000 | $1,015,000 | $0 | 0.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 0.00% |
| Heber, UT (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 0.00% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| Show Low, AZ (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 500 | $444,950,000 | $889,900 | $0 | 0.00% |
For 2021, Finemark National Bank & Trust's most frequently originated type of loan was Conventional, with 500 originations.
Loan Reason
For 2021, Finemark National Bank & Trust's most frequently cited loan purpose was Home Purchase, with 398 originations. The 2nd most popular reason was Cash Out Refi, with 42 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 500 | $444,950,000 | $889,900 | $0 | 0.00% |
For 2021, Finemark National Bank & Trust's most frequently cited loan duration was Other, with 500 originations.
Loan Sizing
2021 saw Finemark National Bank & Trust place emphasis on $1MM+ loans with 147 originations, totaling $285,565,000 in origination value.
Applicant Income
Finemark National Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 216 originations. The second most popular income band? $150k-250k, with 55 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 500 | $444,950,000 | $889,900 | $0 | 0.00% |
Finemark National Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 500 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.30%
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 origination87.20%
Finemark National Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 500 | $444,950,000 | $889,900 |
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 | $186,242 |
| Finemark National Bank & Trust | 10200 Cypress Cove Drive Fort Myers, FL 33908 | Full Service B&M | $10,367 |
| Finemark National Bank & Trust | 120 Moorings Park Drive Naples, FL 34105 | Full Service B&M | $33,424 |
| Finemark National Bank & Trust | 14990 Shell Point Blvd. Fort Myers, FL 33919 | Full Service B&M | $92,172 |
| Finemark National Bank & Trust | 20909 N 90th Place, Ste 102 Scottsdale, AZ 85255 | Full Service B&M | $69,433 |
| Finemark National Bank & Trust | 26800 South Tamiami Trail Bonita Springs, FL 34134 | Full Service B&M | $91,016 |
| Finemark National Bank & Trust | 340 Royal Palm Way Palm Beach, FL 33480 | Full Service B&M | $98,862 |
| Finemark National Bank & Trust | 701 Retreat Drive Naples, FL 34110 | Full Service B&M | $54,717 |
| Finemark National Bank & Trust | 7600 East Doubletree Ranch Road, Ste 100 Scottsdale, AZ 85258 | Full Service B&M | $261,228 |
| Finemark National Bank & Trust | 800 Laurel Oak Drive Naples, FL 34108 | Full Service B&M | $477,970 |
| Finemark National Bank & Trust | 865 Island Park Drive Daniel Island, SC 29492 | Full Service B&M | $62,028 |
| Finemark National Bank & Trust | 8695 College Parkway Fort Myers, FL 33919 | Full Service B&M | $959,615 |
For 2021, Finemark National Bank & Trust had 12 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $79,120 |
| Net interest income | $67,267 |
| Total noninterest income | $29,437 |
| Gross Fiduciary activities income | $26,638 |
| Service charges on deposit accounts | $300 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,499 |
| Pre-tax net operating income | $35,763 |
| Securities gains (or losses, -) | $902 |
| Income before extraordinary items | $28,240 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $28,240 |
| Minority interest net income | $0 |
| Net income | $28,240 |
| Sale, conversion, retirement of capital stock, net | $1,801 |
| Net operating income | $27,527 |
Finemark National Bank & Trust's gross interest income from loans was $79,120,000.
Finemark National Bank & Trust's net interest income from loans was $67,267,000.
Finemark National Bank & Trust's fee based income from loans was $300,000.
Finemark National Bank & Trust's net income from loans was $28,240,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $11,853 |
| Provision for credit losses | $31 |
| Total noninterest expense | $60,910 |
| Salaries and employee benefits | $38,281 |
| Premises and equipment expense | $5,173 |
| Additional noninterest expense | $17,456 |
| Applicable income taxes | $8,425 |
| Net charge-offs | $530 |
| Cash dividends | $0 |
Finemark National Bank & Trust's interest expense for loans was $11,853,000.
Finemark National Bank & Trust's payroll and benefits expense were $38,281,000.
Finemark National Bank & Trust's property, plant and equipment expenses $5,173,000.
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 | $2,790,072 |
| Deposits held in domestic offices | $2,790,072 |
| Deposits by Individuals, partnerships, and corporations | $2,707,478 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $81,437 |
| Deposits by Commercial banks and other depository institutions in U.S. | $1,157 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $131,724 |
| Demand deposits | $88,760 |
| Nontransaction accounts | $2,658,348 |
| Money market deposit accounts (MMDAs) | $2,571,017 |
| Other savings deposits (excluding MMDAs) | $26,304 |
| Total time deposits | $61,026 |
| Total time and savings deposits | $2,701,312 |
| Noninterest-bearing deposits | $549,910 |
| Interest-bearing deposits | $2,240,163 |
| Retail deposits | $2,749,865 |
| IRAs and Keogh plan accounts | $10,772 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $3,374,556 |
| Cash & Balances due from depository institutions | $260,704 |
| Interest-bearing balances | $243,714 |
| Total securities | $978,228 |
| Federal funds sold & reverse repurchase | $1,010 |
| Net loans and leases | $1,993,000 |
| Loan and leases loss allowance | $20,283 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $53,190 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $88,424 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $3,374,556 |
| Total Liabilities | $3,077,496 |
| Total deposits | $2,790,072 |
| Interest-bearing deposits | $2,240,163 |
| Deposits held in domestic offices | $2,790,072 |
| % insured (estimated) | $55 |
| Federal funds purchased and repurchase agreements | $1,873 |
| Trading liabilities | $0 |
| Other borrowed funds | $264,016 |
| Subordinated debt | $0 |
| All other liabilities | $21,535 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,993,000 |
| Loan and leases loss allowance | $20,283 |
| Total loans and leases (domestic) | $2,013,283 |
| All real estate loans | $1,689,229 |
| Real estate loans in domestic offices | $1,689,229 |
| Construction and development loans | $210,658 |
| Residential 1-4 family construction | $132,629 |
| Other construction, all land development and other land | $78,029 |
| Loans secured by nonfarm nonresidential properties | $247,256 |
| Nonfarm nonresidential secured by owner-occupied properties | $91,420 |
| Commercial real estate & other non-farm, non-residential | $155,836 |
| Multifamily residential real estate | $12,616 |
| 1-4 family residential loans | $1,217,599 |
| Farmland loans | $1,100 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $164,477 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $161,339 |
| Credit card loans | $0 |
| Related Plans | $92,936 |
| Consumer Auto Loans | $1,857 |
| Other loans to individuals | $66,546 |
| All other loans & leases | $656 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $656 |
| 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 | $314 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
FineMark National Bank & Trust had $1,993,000,000 of loans outstanding in 2021. $1,689,229,000 of loans were in real estate loans. $210,658,000 of loans were in development loans. $12,616,000 of loans were in multifamily mortgage loans. $1,217,599,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,857,000 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 | 169 | $68,492 | $405,278 |
| Nonfarm, nonresidential loans - <$100k | 18 | $1,078 | $59,889 |
| Nonfarm, nonresidential loans - $100-250k | 43 | $7,954 | $184,977 |
| Nonfarm, nonresidential loans - $250k-1MM | 108 | $59,460 | $550,556 |
| Commercial & Industrial, US addressed loans - <$1MM | 261 | $55,129 | $211,222 |
| Commercial & Industrial, US addressed loans - <$100k | 113 | $4,085 | $36,150 |
| Commercial & Industrial, US addressed loans - $100-250k | 66 | $10,916 | $165,394 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 82 | $40,128 | $489,366 |
| Farmland loans - <$1MM | 1 | $100 | $100,000 |
| Farmland loans - <$100k | 1 | $100 | $100,000 |