Senb Bank Mortgage Rates, Fees & Info

Moline, IL

LEI: 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.

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 6.33% 3/24/24
30 Year Conventional Refi 6.27% 3/24/24
30 Year USDA Purchase 6.56% 3/24/24
15 Year Conventional Purchase 5.99% 3/24/24
15 Year Conventional Refi 5.97% 3/24/24
15 Year Cash-out Refi 5.97% 3/24/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Senb Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

238

Origination Dollar Volume (All Markets)

$33,680,000

Employee count

59

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
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%
Senb Bank's top markets include Davenport, Sterling, Clinton, Macomb, and Muscatine among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • 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.

    Bank of Milton
    Similarity Rank: 25
    Rock Valley Credit Union
    Similarity Rank: 30
    First Community Credit Union
    Similarity Rank: 63
    FIRST NORTHERN Credit Union
    Similarity Rank: 72
    R.I.A. Federal Credit Union
    Similarity Rank: 120
    THE FAMILY CREDIT UNION
    Similarity Rank: 125
    ASCENTRA
    Similarity Rank: 156
    VERIDIAN CREDIT UNION
    Similarity Rank: 230
    Merchants Bank
    Similarity Rank: 290
    Stillman Bank
    Similarity Rank: 300

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 158 $23,860,000 $151,013 $0 0.00%
    Refi 61 $7,465,000 $122,377 $0 0.00%
    Cash Out Refi 10 $1,330,000 $133,000 $0 0.00%
    Home Improvement 7 $495,000 $70,714 $0 0.00%
    Other 2 $530,000 $265,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 136 $8,670,000 $63,750 $0 0.00%
    $100k-200k 64 $8,740,000 $136,563 $0 0.00%
    $200k-400k 27 $7,605,000 $281,667 $0 0.00%
    $400k-600k 6 $2,810,000 $468,333 $0 0.00%
    $600k-1MM 4 $3,230,000 $807,500 $0 0.00%
    $1MM+ 1 $2,625,000 $2,625,000 $0 0.00%

    2018 saw Senb Bank place emphasis on $100,000 or less loans with 136 originations, totaling $8,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 55 $4,205,000 $76,455 $0 0.00%
    $50k-75k 38 $4,150,000 $109,211 $0 0.00%
    $100k-150k 33 $5,765,000 $174,697 $0 0.00%
    $75k-100k 21 $2,715,000 $129,286 $0 0.00%
    $150k-250k 12 $3,280,000 $273,333 $0 0.00%
    $250k+ 3 $1,415,000 $471,667 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 151 $19,685,000 $130,364 $0 0.00%
    Not applicable 75 $11,945,000 $159,267 $0 0.00%
    Not provided 7 $1,455,000 $207,857 $0 0.00%
    Black 2 $320,000 $160,000 $0 0.00%
    Asian 2 $210,000 $105,000 $0 0.00%
    American Indian 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.53%

    Senb Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.66%

    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