Sb One Bank Mortgage Rates, Fees & Info

Franklin, NJ

LEI: 5493007GLUE4MCZ06K91

Tax ID: 22-2087704

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Sb One Bank is a smaller bank specializing in Home Purchase and Refi loans. Sb One Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Ocean City, Poughkeepsie, and Lebanon among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Sb One Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Sb One Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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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    Originations

    132

    Origination Dollar Volume (All Markets)

    $71,360,000

    Employee count

    230

    Awards

    SB One Bank 30 Year Conventional Loans silver SB One Bank 30 Year Conventional Loans bronze SB One Bank 30 Year Conventional Loans silver
    Show all (3) awards

    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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 123 $68,205,000 $554,512 $2,713 4.38%
    OCEAN CITY, NJ (FHA|USDA|VA) 3 $2,105,000 $701,667 $0 4.79%
    Outside of Metro Areas 3 $625,000 $208,333 $3,387 4.54%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $390,000 $195,000 $1,598 4.54%
    LEBANON, PA (FHA|USDA|VA) 1 $35,000 $35,000 $2,002 4.38%
    Sb One Bank's top markets include New York, Ocean City, Poughkeepsie, and Lebanon among others.

    Their top states include:
  • New Jersey (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against SB One Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    N C P D Federal Credit Union
    Similarity Rank: 55
    Bogota Savings Bank
    Similarity Rank: 63
    Union County Savings Bank
    Similarity Rank: 66
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 80
    Freehold Savings Bank
    Similarity Rank: 120
    The Atlantic Federal Credit Union
    Similarity Rank: 120
    Blue Foundry Bank
    Similarity Rank: 125
    Investors Home Mortgage-IHM
    Similarity Rank: 156
    GREATER ALLIANCE
    Similarity Rank: 231
    Nassau Educators Federal Credit Union
    Similarity Rank: 248

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 132 $71,360,000 $540,606 $2,703 4.39%

    For 2018, Sb One Bank's most frequently originated type of loan was Conventional, with 132 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 73 $37,365,000 $511,849 $3,215 4.36%
    Refi 20 $21,060,000 $1,053,000 $3,209 4.56%
    Cash Out Refi 18 $6,720,000 $373,333 $2,663 4.32%
    Home Improvement 12 $3,180,000 $265,000 $1,010 4.36%
    Other 9 $3,035,000 $337,222 $1,709 4.49%

    For 2018, Sb One Bank's most frequently cited loan purpose was Home Purchase, with 73 originations. The 2nd most popular reason was Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 46 $24,040,000 $522,609 $3,946 4.36%
    Other 45 $32,365,000 $719,222 $2,947 4.51%
    20 Year 16 $3,510,000 $219,375 $1,075 4.42%
    15 Year 14 $4,540,000 $324,286 $2,027 4.19%
    10 Year 8 $1,010,000 $126,250 $288 4.24%
    30+ year 3 $5,895,000 $1,965,000 $4,214 4.38%

    For 2018, Sb One Bank's most frequently cited loan duration was 30 Year, with 46 originations. The 2nd most popular length was Other, with 45 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 88 $31,910,000 $362,614
    $1k-2k 1 $125,000 $125,000

    Sb One Bank's average total fees were $3,946, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 88 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 105 $61,675,000 $587,381
    3-4% 26 $9,560,000 $367,692
    5-6% 1 $125,000 $125,000

    During 2018, Sb One Bank's average interest rate for loans was 4.36%, while their most frequently originated rate bucket for loans was 4-5%, with 105 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 38 $11,540,000 $303,684 $2,657 4.41%
    $100k-200k 21 $3,085,000 $146,905 $1,578 4.40%
    $100,000 or less 20 $1,060,000 $53,000 $883 4.28%
    $400k-600k 18 $8,610,000 $478,333 $3,666 4.32%
    $600k-1MM 18 $13,090,000 $727,222 $4,490 4.44%
    $1MM+ 17 $33,975,000 $1,998,529 $6,794 4.50%

    2018 saw Sb One Bank place emphasis on $200k-400k loans with 38 originations, totaling $11,540,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 34 $12,830,000 $377,353 $2,932 4.27%
    $250k+ 19 $13,295,000 $699,737 $4,075 4.40%
    $100k-150k 14 $3,520,000 $251,429 $2,262 4.15%
    $50k-75k 7 $915,000 $130,714 $1,199 4.30%
    $50k or less 7 $405,000 $57,857 $2,139 4.14%
    $75k-100k 6 $830,000 $138,333 $996 4.29%

    Sb One Bank lent most frequently to those with incomes in the $150k-250k range, with 34 originations. The second most popular income band? $250k+, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 26 $8,700,000 $334,615 $3,043 4.24%
    30-36% 22 $8,870,000 $403,182 $2,776 4.36%
    42% 10 $2,890,000 $289,000 $1,422 4.29%
    38% 6 $1,720,000 $286,667 $1,892 4.18%
    <20% 5 $1,695,000 $339,000 $2,231 4.07%
    36% 5 $2,235,000 $447,000 $2,898 4.36%
    41% 4 $1,860,000 $465,000 $4,313 4.31%
    37% 4 $1,910,000 $477,500 $3,841 4.22%
    40% 4 $1,420,000 $355,000 $2,046 4.27%
    >60% 1 $35,000 $35,000 $2,002 4.38%
    39% 1 $335,000 $335,000 $3,143 4.13%
    43% 1 $365,000 $365,000 $3,197 4.50%

    Sb One Bank lent most frequently to those with DTI ratios of 20-30%, with 26 originations. The next most common DTI ratio? 30-36%, with 22 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 42 $39,100,000 $930,952 $0 4.63%
    White 85 $30,035,000 $353,353 $2,602 4.29%
    Not provided 3 $1,795,000 $598,333 $5,334 4.33%
    Asian 2 $430,000 $215,000 $2,989 3.94%

    Approval Rates

    Total approvals of all applications
    83.42%

    Sb One Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.82%

    Sb One Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 132 $71,360,000 $540,606

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 13 $24,375,000 $1,875,000
    Single Family (1-4 Units):Site-Built 119 $46,985,000 $394,832

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $2,375,000 $139,706 $936 4.41%
    40-60% 20 $25,780,000 $1,289,000 $5,216 4.53%
    60-80% 63 $35,725,000 $567,063 $3,404 4.42%
    80-100% 18 $5,490,000 $305,000 $3,153 4.18%
    Under 20% 14 $1,990,000 $142,143 $554 4.35%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    SB One Bank 100 Route 206 Augusta, NJ 7822 Full Service B&M $31,123
    SB One Bank 12-79 River Road Fair Lawn, NJ 7410 Full Service B&M $45,582
    SB One Bank 125 West Pleasant Avenue Maywood, NJ 7607 Full Service B&M $137,537
    SB One Bank 15 Trinity Street Newton, NJ 7860 Full Service B&M $86,633
    SB One Bank 165 Route 206 Andover, NJ 7821 Full Service B&M $23,086
    SB One Bank 210 Rochelle Avenue Rochelle Park, NJ 7662 Full Service B&M $105,022
    SB One Bank 266 Clove Road Montague, NJ 7827 Full Service B&M $46,455
    SB One Bank 278 Route 23 Sussex, NJ 7461 Full Service B&M $67,085
    SB One Bank 28-21 Astoria Blvd. Astoria, NY 11102 Full Service B&M $69,364
    SB One Bank 296 Kinderkamack Road Oradell, NJ 7649 Full Service B&M $100,149
    SB One Bank 33 Main Street Sparta, NJ 7871 Full Service B&M $56,135
    SB One Bank 399 Route 23 Franklin, NJ 7416 Full Service B&M $243,616
    SB One Bank 430 Schooley's Mtn Rd Hackettstown, NJ 7840 Limited, Mobile/Seasonal Office $8,746
    SB One Bank 7 Church Street Vernon, NJ 7462 Full Service B&M $41,222

    For 2018, Sb One Bank had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $56,843
    Net interest income $45,497
    Total noninterest income $10,378
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,338
    Trading account gains and fees $0
    Additional Noninterest Income $9,040
    Pre-tax net operating income $14,504
    Securities gains (or losses, -) $36
    Income before extraordinary items $11,176
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,176
    Minority interest net income $0
    Net income $11,176
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,147

    Sb One Bank's gross interest income from loans was $56,843,000.
    Sb One Bank's net interest income from loans was $45,497,000.
    Sb One Bank's fee based income from loans was $1,338,000.
    Sb One Bank's net income from loans was $11,176,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $11,346
    Provision for credit losses $1,437
    Total noninterest expense $39,934
    Salaries and employee benefits $20,648
    Premises and equipment expense $3,656
    Additional noninterest expense $15,630
    Applicable income taxes $3,364
    Net charge-offs $-3
    Cash dividends $4,184

    Sb One Bank's interest expense for loans was $11,346,000.
    Sb One Bank's payroll and benefits expense were $20,648,000.
    Sb One Bank's property, plant and equipment expenses $3,656,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $1,354,019
    Deposits held in domestic offices $1,354,019
    Deposits by Individuals, partnerships, and corporations $1,222,503
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $131,270
    Deposits by Commercial banks and other depository institutions in U.S. $245
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $90,393
    Demand deposits $55,214
    Nontransaction accounts $1,263,627
    Money market deposit accounts (MMDAs) $640,645
    Other savings deposits (excluding MMDAs) $233,841
    Total time deposits $389,141
    Total time and savings deposits $1,298,806
    Noninterest-bearing deposits $259,887
    Interest-bearing deposits $1,094,132
    Retail deposits $1,091,766
    IRAs and Keogh plan accounts $28,594
    Brokered deposits $191,561
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,793,680
    Cash & Balances due from depository institutions $26,629
    Interest-bearing balances $16,293
    Total securities $186,217
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,466,000
    Loan and leases loss allowance $8,775
    Trading account assets $0
    Bank premises and fixed assets $18,972
    Other real estate owned $4,149
    Goodwill and other intangibles $29,446
    All other assets $62,267

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,793,680
    Total Liabilities $1,585,029
    Total deposits $1,354,019
    Interest-bearing deposits $1,094,132
    Deposits held in domestic offices $1,354,019
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $219,906
    Subordinated debt $0
    All other liabilities $11,104

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,466,000
    Loan and leases loss allowance $8,775
    Total loans and leases (domestic) $1,474,775
    All real estate loans $1,391,724
    Real estate loans in domestic offices $1,391,724
    Construction and development loans $142,321
    Residential 1-4 family construction $65,242
    Other construction, all land development and other land $77,079
    Loans secured by nonfarm nonresidential properties $719,694
    Nonfarm nonresidential secured by owner-occupied properties $271,504
    Commercial real estate & other non-farm, non-residential $448,190
    Multifamily residential real estate $158,021
    1-4 family residential loans $370,955
    Farmland loans $733
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $81,709
    To non-U.S. addressees $0
    Loans to individuals $1,592
    Credit card loans $0
    Related Plans $897
    Consumer Auto Loans $94
    Other loans to individuals $601
    All other loans & leases $802
    Loans to foreign governments and official institutions $0
    Other loans $802
    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 $906
    Non 1-4 family restructured loans & leases $431
    Total loans and leases (foreign) $0

    SB One Bank had $1,466,000,000 of loans outstanding in 2018. $1,391,724,000 of loans were in real estate loans. $142,321,000 of loans were in development loans. $158,021,000 of loans were in multifamily mortgage loans. $370,955,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $94,000 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 708 $206,112 $291,119
    Nonfarm, nonresidential loans - <$100k 68 $2,352 $34,588
    Nonfarm, nonresidential loans - $100-250k 182 $19,894 $109,308
    Nonfarm, nonresidential loans - $250k-1MM 458 $183,866 $401,454
    Commercial & Industrial, US addressed loans - <$1MM 431 $51,108 $118,580
    Commercial & Industrial, US addressed loans - <$100k 207 $5,188 $25,063
    Commercial & Industrial, US addressed loans - $100-250k 99 $8,420 $85,051
    Commercial & Industrial, US addressed loans - $250k-1MM 125 $37,500 $300,000
    Farmland loans - <$1MM 4 $733 $183,250
    Farmland loans - $100-250k 1 $171 $171,000
    Farmland loans - $250k-1MM 3 $562 $187,333