Senb Bank Mortgage Rates, Fees & Info
Moline, ILLEI: 5493007US5XO6WCOMQ49
Tax ID: 36-2440502
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Mortgage Data
Bank Data
Review & Overview
Senb Bank is a smaller bank specializing in Home Purchase and Refi loans. Senb Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Davenport, Sterling, Clinton, Macomb, and Muscatine among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Senb Bank 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 | 6.33% | 11/21/24 |
| 30 Year Conventional Refi | 6.27% | 11/21/24 |
| 30 Year USDA Purchase | 6.56% | 11/21/24 |
| 15 Year Conventional Purchase | 5.99% | 11/21/24 |
| 15 Year Conventional Refi | 5.97% | 11/21/24 |
| 15 Year Cash-out Refi | 5.97% | 11/21/24 |
| 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. | ||
Senb Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
238Origination Dollar Volume (All Markets)
$33,680,000Employee count
59Top 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 |
|---|---|---|---|---|---|
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 218 | $29,510,000 | $135,367 | $0 | 0.00% |
| Sterling, IL (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $0 | 0.00% |
| Clinton, IA (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $605,000 | $201,667 | $0 | 0.00% |
| Macomb, IL (FHA|USDA|VA) | 4 | $430,000 | $107,500 | $0 | 0.00% |
| Muscatine, IA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Burlington, IA-IL (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against SENB Bank 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 | 236 | $33,520,000 | $142,034 | $0 | 0.00% |
| USDA | 2 | $160,000 | $80,000 | $0 | 0.00% |
For 2018, Senb Bank's most frequently originated type of loan was Conventional, with 236 originations. Their 2nd most popular type was USDA, with 2 originations.
Loan Reason
For 2018, Senb Bank's most frequently cited loan purpose was Home Purchase, with 158 originations. The 2nd most popular reason was Refi, with 61 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 238 | $33,680,000 | $141,513 | $0 | 0.00% |
For 2018, Senb Bank's most frequently cited loan duration was Other, with 238 originations.
Loan Sizing
2018 saw Senb Bank place emphasis on $100,000 or less loans with 136 originations, totaling $8,670,000 in origination value.
Applicant Income
Senb Bank lent most frequently to those with incomes in the $50k or less range, with 55 originations. The second most popular income band? $50k-75k, with 38 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 238 | $33,680,000 | $141,513 | $0 | 0.00% |
Senb Bank lent most frequently to those with DTI ratios of Exempt%, with 238 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.53%
Senb Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.66%
Senb Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 238 | $33,680,000 | $141,513 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 15 | $6,965,000 | $464,333 |
| Single Family (1-4 Units):Site-Built | 223 | $26,715,000 | $119,798 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| SENB Bank | 120 Washington Street Buffalo, IA 52728 | Full Service B&M | $22,564 |
| SENB Bank | 2036 East River Drive Davenport, IA 52803 | Full Service B&M | $7,057 |
| SENB Bank | 3401 53rd Avenue Bettendorf, IA 52722 | Full Service B&M | $17,036 |
| SENB Bank | 3535 23rd Avenue Moline, IL 61265 | Full Service B&M | $89,321 |
| SENB Bank | 5110 22nd Avenue Moline, IL 61265 | Full Service B&M | $24,634 |
For 2018, Senb Bank had 5 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $8,487 |
| Net interest income | $7,413 |
| Total noninterest income | $2,083 |
| Gross Fiduciary activities income | $366 |
| Service charges on deposit accounts | $931 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $786 |
| Pre-tax net operating income | $1,626 |
| Securities gains (or losses, -) | $29 |
| Income before extraordinary items | $1,638 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,638 |
| Minority interest net income | $0 |
| Net income | $1,638 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $1,609 |
Senb Bank's gross interest income from loans was $8,487,000.
Senb Bank's net interest income from loans was $7,413,000.
Senb Bank's fee based income from loans was $931,000.
Senb Bank's net income from loans was $1,638,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,074 |
| Provision for credit losses | $270 |
| Total noninterest expense | $7,600 |
| Salaries and employee benefits | $4,134 |
| Premises and equipment expense | $790 |
| Additional noninterest expense | $2,676 |
| Applicable income taxes | $17 |
| Net charge-offs | $20 |
| Cash dividends | $150 |
Senb Bank's interest expense for loans was $1,074,000.
Senb Bank's payroll and benefits expense were $4,134,000.
Senb Bank's property, plant and equipment expenses $790,000.
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 | $170,776 |
| Deposits held in domestic offices | $170,776 |
| Deposits by Individuals, partnerships, and corporations | $159,430 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $6,346 |
| Deposits by Commercial banks and other depository institutions in U.S. | $5,000 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $84,598 |
| Demand deposits | $38,034 |
| Nontransaction accounts | $86,178 |
| Money market deposit accounts (MMDAs) | $16,968 |
| Other savings deposits (excluding MMDAs) | $37,209 |
| Total time deposits | $32,001 |
| Total time and savings deposits | $132,742 |
| Noninterest-bearing deposits | $38,332 |
| Interest-bearing deposits | $132,443 |
| Retail deposits | $160,065 |
| IRAs and Keogh plan accounts | $3,985 |
| Brokered deposits | $5,000 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $224,803 |
| Cash & Balances due from depository institutions | $8,978 |
| Interest-bearing balances | $5,830 |
| Total securities | $60,723 |
| Federal funds sold & reverse repurchase | $24 |
| Net loans and leases | $142,328 |
| Loan and leases loss allowance | $1,283 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,370 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $827 |
| All other assets | $6,553 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $224,803 |
| Total Liabilities | $203,425 |
| Total deposits | $170,776 |
| Interest-bearing deposits | $132,443 |
| Deposits held in domestic offices | $170,776 |
| % insured (estimated) | $86 |
| Federal funds purchased and repurchase agreements | $17,464 |
| Trading liabilities | $0 |
| Other borrowed funds | $14,000 |
| Subordinated debt | $0 |
| All other liabilities | $1,185 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $142,328 |
| Loan and leases loss allowance | $1,283 |
| Total loans and leases (domestic) | $143,611 |
| All real estate loans | $106,661 |
| Real estate loans in domestic offices | $106,661 |
| Construction and development loans | $6,149 |
| Residential 1-4 family construction | $4,583 |
| Other construction, all land development and other land | $1,566 |
| Loans secured by nonfarm nonresidential properties | $38,325 |
| Nonfarm nonresidential secured by owner-occupied properties | $26,162 |
| Commercial real estate & other non-farm, non-residential | $12,163 |
| Multifamily residential real estate | $13,791 |
| 1-4 family residential loans | $45,929 |
| Farmland loans | $2,467 |
| Loans held in foreign offices | $0 |
| Farm loans | $712 |
| Commercial and industrial loans | $30,861 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $1,602 |
| Credit card loans | $0 |
| Related Plans | $99 |
| Consumer Auto Loans | $850 |
| Other loans to individuals | $653 |
| All other loans & leases | $3,775 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| 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 | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
SENB Bank had $142,328,000 of loans outstanding in 2018. $106,661,000 of loans were in real estate loans. $6,149,000 of loans were in development loans. $13,791,000 of loans were in multifamily mortgage loans. $45,929,000 of loans were in 1-4 family mortgage loans. $712,000 of loans were in farm loans. $0 of loans were in credit card loans. $850,000 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 | 79 | $15,853 | $200,671 |
| Nonfarm, nonresidential loans - <$100k | 20 | $732 | $36,600 |
| Nonfarm, nonresidential loans - $100-250k | 32 | $4,163 | $130,094 |
| Nonfarm, nonresidential loans - $250k-1MM | 27 | $10,958 | $405,852 |
| Commercial & Industrial, US addressed loans - <$1MM | 233 | $15,089 | $64,760 |
| Commercial & Industrial, US addressed loans - <$100k | 154 | $3,518 | $22,844 |
| Commercial & Industrial, US addressed loans - $100-250k | 52 | $5,318 | $102,269 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 27 | $6,253 | $231,593 |
| Farmland loans - <$1MM | 10 | $1,965 | $196,500 |
| Farmland loans - <$100k | 2 | $126 | $63,000 |
| Farmland loans - $100-250k | 5 | $657 | $131,400 |
| Farmland loans - $250k-1MM | 3 | $1,182 | $394,000 |
| Agriculture operations loans - <$1MM | 2 | $712 | $356,000 |
| Agriculture operations loans - $250k-1MM | 2 | $712 | $356,000 |