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, Miami, Allentown, and Poughkeepsie among others. We have data for 6 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

    170

    Origination Dollar Volume (All Markets)

    $118,860,000

    Employee count

    238

    Awards

    SB One Bank 30 Year Conventional Loans silver
    Show all (1) 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) 162 $114,710,000 $708,086 $2,019 4.61%
    Outside of Metro Areas 2 $1,500,000 $750,000 $3,965 4.38%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $1,085,000 $1,085,000 $5,302 4.25%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $965,000 $965,000 $0 4.65%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $420,000 $210,000 $0 5.13%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $180,000 $90,000 $0 4.28%
    Sb One Bank's top markets include New York, Ocean City, Miami, Allentown, and Poughkeepsie among others.

    Their top states include:
  • New Jersey (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Florida (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: 56
    Schuyler Savings Bank
    Similarity Rank: 104
    Union County Savings Bank
    Similarity Rank: 150
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 192
    Blue Foundry Bank
    Similarity Rank: 212
    Bogota Savings Bank
    Similarity Rank: 246
    MOUNTAIN MORTGAGE CORP.
    Similarity Rank: 266
    FUNDING RESOURCES MORTGAGE CORPORATION
    Similarity Rank: 292
    CREDIT UNION OF NEW JERSEY
    Similarity Rank: 360
    Atlantic Stewardship Bank
    Similarity Rank: 372

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 168 $115,700,000 $688,690 $2,034 4.61%
    HELOC 2 $3,160,000 $1,580,000 n/a 4.70%

    For 2019, Sb One Bank's most frequently originated type of loan was Conventional, with 168 originations. Their 2nd most popular type was HELOC, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 74 $66,290,000 $895,811 $3,785 4.74%
    Refi 38 $35,580,000 $936,316 $1,191 4.62%
    Cash Out Refi 30 $13,020,000 $434,000 $1,993 4.35%
    Home Improvement 15 $2,755,000 $183,667 $520 4.66%
    Other 13 $1,215,000 $93,462 $285 4.34%

    For 2019, Sb One Bank's most frequently cited loan purpose was Home Purchase, with 74 originations. The 2nd most popular reason was Refi, with 38 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 56 $64,450,000 $1,150,893 $3,487 4.95%
    30 Year 50 $41,470,000 $829,400 $4,057 4.29%
    20 Year 22 $4,740,000 $215,455 $224 4.63%
    15 Year 19 $2,605,000 $137,105 $1,122 4.46%
    10 Year 14 $3,850,000 $275,000 $0 4.54%
    5 Year 6 $230,000 $38,333 $0 4.40%
    30+ year 2 $1,390,000 $695,000 $4,560 4.13%
    1 Year 1 $125,000 $125,000 $0 7.51%

    For 2019, Sb One Bank's most frequently cited loan duration was Other, with 56 originations. The 2nd most popular length was 30 Year, with 50 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 78 $23,950,000 $307,051

    Sb One Bank's average total fees were $4,057, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 78 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 108 $58,370,000 $540,463
    3-4% 32 $24,180,000 $755,625
    5-6% 24 $30,650,000 $1,277,083
    6-7% 4 $3,930,000 $982,500
    7-8% 1 $125,000 $125,000

    During 2019, Sb One Bank's average interest rate for loans was 4.29%, while their most frequently originated rate bucket for loans was 4-5%, with 108 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 38 $11,100,000 $292,105 $3,698 4.50%
    $1MM+ 36 $77,220,000 $2,145,000 $5,172 4.81%
    $100,000 or less 32 $1,750,000 $54,688 $348 4.56%
    $100k-200k 27 $3,985,000 $147,593 $287 4.71%
    $600k-1MM 23 $17,615,000 $765,870 $4,458 4.46%
    $400k-600k 14 $7,190,000 $513,571 $4,101 4.58%

    2019 saw Sb One Bank place emphasis on $200k-400k loans with 38 originations, totaling $11,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 24 $13,910,000 $579,583 $3,401 4.24%
    $150k-250k 20 $5,000,000 $250,000 $1,917 4.32%
    $50k-75k 13 $1,635,000 $125,769 $952 4.41%
    $100k-150k 12 $2,120,000 $176,667 $1,390 4.35%
    $75k-100k 8 $1,530,000 $191,250 $1,924 4.32%
    $50k or less 5 $265,000 $53,000 $0 4.73%

    Sb One Bank lent most frequently to those with incomes in the $250k+ range, with 24 originations. The second most popular income band? $150k-250k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 20 $6,910,000 $345,500 $1,970 4.38%
    30-36% 12 $2,380,000 $198,333 $1,605 4.39%
    <20% 11 $3,275,000 $297,727 $2,703 4.12%
    42% 11 $3,585,000 $325,909 $2,256 4.19%
    41% 8 $2,840,000 $355,000 $2,319 4.39%
    39% 6 $1,940,000 $323,333 $2,361 4.34%
    38% 5 $675,000 $135,000 $1,244 4.43%
    40% 4 $450,000 $112,500 $0 4.43%
    37% 2 $1,450,000 $725,000 $4,753 4.06%
    36% 2 $660,000 $330,000 $1,630 4.25%

    Sb One Bank lent most frequently to those with DTI ratios of 20-30%, with 20 originations. The next most common DTI ratio? 30-36%, with 12 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 79 $92,015,000 $1,164,747 $0 4.82%
    White 80 $23,820,000 $297,750 $2,026 4.43%
    Asian 5 $1,655,000 $331,000 $2,352 4.47%
    Not provided 5 $1,325,000 $265,000 $2,358 4.26%
    Asian Indian 1 $45,000 $45,000 $0 4.57%

    Approval Rates

    Total approvals of all applications
    86.44%

    Sb One Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.00%

    Sb One Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 170 $118,860,000 $699,176

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 44 $71,110,000 $1,616,136
    Single Family (1-4 Units):Site-Built 126 $47,750,000 $378,968

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $7,520,000 $417,778 $701 4.45%
    40-60% 29 $27,335,000 $942,586 $2,795 4.81%
    60-80% 83 $76,215,000 $918,253 $2,994 4.65%
    80-100% 18 $5,970,000 $331,667 $3,170 4.33%
    Under 20% 22 $1,820,000 $82,727 $24 4.54%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    SB One Bank 100 Route 206 Augusta, NJ 7822 Full Service B&M $41,737
    SB One Bank 1000 Avenue At Port Imperial Weehawken, NJ 7086 Full Service B&M $17,715
    SB One Bank 12-79 River Road Fair Lawn, NJ 7410 Full Service B&M $43,625
    SB One Bank 125 West Pleasant Avenue Maywood, NJ 7607 Full Service B&M $131,886
    SB One Bank 15 Trinity Street Newton, NJ 7860 Full Service B&M $117,678
    SB One Bank 190 Wilson Ave Newark, NJ 7105 Full Service B&M $32,685
    SB One Bank 210 Rochelle Avenue Rochelle Park, NJ 7662 Full Service B&M $94,764
    SB One Bank 266 Clove Road Montague, NJ 7827 Full Service B&M $45,008
    SB One Bank 278 Route 23 Sussex, NJ 7461 Full Service B&M $67,793
    SB One Bank 28-21 Astoria Blvd. Astoria, NY 11102 Full Service B&M $96,155
    SB One Bank 296 Kinderkamack Road Oradell, NJ 7649 Full Service B&M $127,021
    SB One Bank 324 Broad Street Bloomfield, NJ 7003 Full Service B&M $23,411
    SB One Bank 33 Main Street Sparta, NJ 7871 Full Service B&M $65,906
    SB One Bank 3900 Park Avenue, Suite 108 Edison, NJ 8820 Full Service B&M $51,266
    SB One Bank 399 Route 23 Franklin, NJ 7416 Full Service B&M $413,169
    SB One Bank 430 Schooley's Mtn Rd Hackettstown, NJ 7840 Limited, Mobile/Seasonal Office $2,261
    SB One Bank 490 Boulevard Kenilworth, NJ 7033 Full Service B&M $63,311
    SB One Bank 7 Church Street Vernon, NJ 7462 Full Service B&M $41,120

    For 2019, Sb One Bank had 18 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $82,456
    Net interest income $60,485
    Total noninterest income $12,098
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,439
    Trading account gains and fees $0
    Additional Noninterest Income $10,659
    Pre-tax net operating income $29,161
    Securities gains (or losses, -) $2,055
    Income before extraordinary items $23,790
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $23,790
    Minority interest net income $0
    Net income $23,790
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $22,166

    Sb One Bank's gross interest income from loans was $82,456,000.
    Sb One Bank's net interest income from loans was $60,485,000.
    Sb One Bank's fee based income from loans was $1,439,000.
    Sb One Bank's net income from loans was $23,790,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $21,971
    Provision for credit losses $2,531
    Total noninterest expense $40,891
    Salaries and employee benefits $24,864
    Premises and equipment expense $4,523
    Additional noninterest expense $11,504
    Applicable income taxes $7,426
    Net charge-offs $1,038
    Cash dividends $9,078

    Sb One Bank's interest expense for loans was $21,971,000.
    Sb One Bank's payroll and benefits expense were $24,864,000.
    Sb One Bank's property, plant and equipment expenses $4,523,000.

    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 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 $1,525,079
    Deposits held in domestic offices $1,525,079
    Deposits by Individuals, partnerships, and corporations $1,373,670
    Deposits by U.S. Government $3
    Deposits by States and political subdivisions in the U.S. $150,914
    Deposits by Commercial banks and other depository institutions in U.S. $491
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $107,358
    Demand deposits $57,307
    Nontransaction accounts $1,417,720
    Money market deposit accounts (MMDAs) $646,986
    Other savings deposits (excluding MMDAs) $217,083
    Total time deposits $553,651
    Total time and savings deposits $1,467,771
    Noninterest-bearing deposits $258,349
    Interest-bearing deposits $1,266,730
    Retail deposits $1,102,550
    IRAs and Keogh plan accounts $42,213
    Brokered deposits $321,662
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,002,702
    Cash & Balances due from depository institutions $43,490
    Interest-bearing balances $34,371
    Total securities $216,193
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,618,579
    Loan and leases loss allowance $10,267
    Trading account assets $0
    Bank premises and fixed assets $23,675
    Other real estate owned $3,793
    Goodwill and other intangibles $29,039
    All other assets $67,933

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,002,702
    Total Liabilities $1,780,186
    Total deposits $1,525,079
    Interest-bearing deposits $1,266,730
    Deposits held in domestic offices $1,525,079
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $237,841
    Subordinated debt $0
    All other liabilities $17,266

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,618,579
    Loan and leases loss allowance $10,267
    Total loans and leases (domestic) $1,628,846
    All real estate loans $1,503,077
    Real estate loans in domestic offices $1,503,077
    Construction and development loans $125,291
    Residential 1-4 family construction $44,549
    Other construction, all land development and other land $80,742
    Loans secured by nonfarm nonresidential properties $809,648
    Nonfarm nonresidential secured by owner-occupied properties $303,009
    Commercial real estate & other non-farm, non-residential $506,639
    Multifamily residential real estate $185,042
    1-4 family residential loans $382,567
    Farmland loans $529
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $124,937
    To non-U.S. addressees $0
    Loans to individuals $1,414
    Credit card loans $0
    Related Plans $560
    Consumer Auto Loans $85
    Other loans to individuals $769
    All other loans & leases $683
    Loans to foreign governments and official institutions $0
    Other loans $683
    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 $1,456
    Non 1-4 family restructured loans & leases $547
    Total loans and leases (foreign) $0

    SB One Bank had $1,618,579,000 of loans outstanding in 2019. $1,503,077,000 of loans were in real estate loans. $125,291,000 of loans were in development loans. $185,042,000 of loans were in multifamily mortgage loans. $382,567,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $85,000 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 756 $222,085 $293,763
    Nonfarm, nonresidential loans - <$100k 73 $2,356 $32,274
    Nonfarm, nonresidential loans - $100-250k 184 $20,256 $110,087
    Nonfarm, nonresidential loans - $250k-1MM 499 $199,473 $399,745
    Commercial & Industrial, US addressed loans - <$1MM 486 $58,256 $119,868
    Commercial & Industrial, US addressed loans - <$100k 212 $4,806 $22,670
    Commercial & Industrial, US addressed loans - $100-250k 124 $9,503 $76,637
    Commercial & Industrial, US addressed loans - $250k-1MM 150 $43,947 $292,980
    Farmland loans - <$1MM 3 $529 $176,333
    Farmland loans - $250k-1MM 3 $529 $176,333