Senb Bank Mortgage Rates, Fees & Info

Moline, IL

LEI: 5493007US5XO6WCOMQ49

Tax ID: 36-2440502

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

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Mortgage Data

Bank Data

Review & Overview

Senb Bank is a smaller bank specializing in Refi and Home Purchase 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, Janesville, Rockford, Chicago, and Madison among others. We have data for 44 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% 3/27/24
30 Year Conventional Refi 6.27% 3/27/24
30 Year USDA Purchase 6.56% 3/27/24
15 Year Conventional Purchase 5.99% 3/27/24
15 Year Conventional Refi 5.97% 3/27/24
15 Year Cash-out Refi 5.97% 3/27/24
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

634

Origination Dollar Volume (All Markets)

$115,060,000

Employee count

75

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) 472 $81,600,000 $172,881 $0 0.00%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 37 $5,645,000 $152,568 $0 0.00%
ROCKFORD, IL (FHA|USDA|VA) 22 $4,070,000 $185,000 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 12 $3,910,000 $325,833 $0 0.00%
MADISON, WI (FHA|USDA|VA) 9 $1,915,000 $212,778 $0 0.00%
IOWA CITY, IA (FHA|USDA|VA) 5 $1,605,000 $321,000 $0 0.00%
Muscatine, IA (FHA|USDA|VA) 8 $1,440,000 $180,000 $0 0.00%
Outside of Metro Areas 11 $1,415,000 $128,636 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,290,000 $322,500 $0 0.00%
Whitewater, WI (FHA|USDA|VA) 4 $1,120,000 $280,000 $0 0.00%
Steamboat Springs, CO (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $1,035,000 $345,000 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $760,000 $380,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $740,000 $370,000 $0 0.00%
Sterling, IL (FHA|USDA|VA) 4 $460,000 $115,000 $0 0.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $435,000 $435,000 $0 0.00%
BOULDER, CO (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
Baraboo, WI (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
Galesburg, IL (FHA|USDA|VA) 4 $360,000 $90,000 $0 0.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
Clinton, IA (FHA|USDA|VA) 3 $325,000 $108,333 $0 0.00%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 3 $325,000 $108,333 $0 0.00%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
FORT COLLINS, CO (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $250,000 $125,000 $0 0.00%
DUBUQUE, IA (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
PEORIA, IL (FHA|USDA|VA) 2 $180,000 $90,000 $0 0.00%
Athens, TN (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Ottawa, IL (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
MORRISTOWN, TN (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
Dixon, IL (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
Macomb, IL (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Senb Bank's top markets include Davenport, Janesville, Rockford, Chicago, and Madison among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 621 $113,755,000 $183,180 $0 0.00%
    USDA 13 $1,305,000 $100,385 $0 0.00%

    For 2020, Senb Bank's most frequently originated type of loan was Conventional, with 621 originations. Their 2nd most popular type was USDA, with 13 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 379 $75,155,000 $198,298 $0 0.00%
    Home Purchase 225 $34,475,000 $153,222 $0 0.00%
    Cash Out Refi 21 $4,775,000 $227,381 $0 0.00%
    Home Improvement 6 $410,000 $68,333 $0 0.00%
    Other 3 $245,000 $81,667 $0 0.00%

    For 2020, Senb Bank's most frequently cited loan purpose was Refi, with 379 originations. The 2nd most popular reason was Home Purchase, with 225 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 634 $115,060,000 $181,483 $0 0.00%

    For 2020, Senb Bank's most frequently cited loan duration was Other, with 634 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 244 $34,710,000 $142,254 $0 0.00%
    $100,000 or less 186 $12,920,000 $69,462 $0 0.00%
    $200k-400k 166 $45,980,000 $276,988 $0 0.00%
    $400k-600k 30 $14,100,000 $470,000 $0 0.00%
    $600k-1MM 6 $4,600,000 $766,667 $0 0.00%
    $1MM+ 2 $2,750,000 $1,375,000 $0 0.00%

    2020 saw Senb Bank place emphasis on $100k-200k loans with 244 originations, totaling $34,710,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 161 $34,235,000 $212,640 $0 0.00%
    $50k-75k 105 $14,545,000 $138,524 $0 0.00%
    $50k or less 96 $8,490,000 $88,438 $0 0.00%
    $150k-250k 85 $22,625,000 $266,176 $0 0.00%
    $75k-100k 82 $13,290,000 $162,073 $0 0.00%
    $250k+ 27 $9,415,000 $348,704 $0 0.00%

    Senb Bank lent most frequently to those with incomes in the $100k-150k range, with 161 originations. The second most popular income band? $50k-75k, with 105 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 634 $115,060,000 $181,483 $0 0.00%

    Senb Bank lent most frequently to those with DTI ratios of Exempt%, with 634 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 553 $101,725,000 $183,951 $0 0.00%
    Not applicable 64 $10,520,000 $164,375 $0 0.00%
    Asian 7 $1,355,000 $193,571 $0 0.00%
    Not provided 7 $565,000 $80,714 $0 0.00%
    Chinese 2 $510,000 $255,000 $0 0.00%
    Asian Indian 1 $385,000 $385,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.26%

    Senb Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    87.54%

    Senb Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 634 $115,060,000 $181,483

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $6,310,000 $631,000
    Single Family (1-4 Units):Site-Built 624 $108,750,000 $174,279

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Senb Bank 120 Washington Street Buffalo, IA 52728 Full Service B&M $23,580
    Senb Bank 2036 East River Drive Davenport, IA 52803 Full Service B&M $12,741
    Senb Bank 2215 Cranston Road Beloit, WI 53511 Full Service B&M $25,870
    Senb Bank 3401 53rd Avenue Bettendorf, IA 52722 Full Service B&M $23,893
    Senb Bank 3535 Avenue Of The Cities Moline, IL 61265 Full Service B&M $112,266
    Senb Bank 5110 22nd Avenue Moline, IL 61265 Full Service B&M $27,554
    Senb Bank 5206 Elevator Road Roscoe, IL 61073 Full Service B&M $33,376

    For 2020, Senb Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,750
    Net interest income $10,990
    Total noninterest income $4,030
    Gross Fiduciary activities income $427
    Service charges on deposit accounts $1,000
    Trading account gains and fees $0
    Additional Noninterest Income $2,603
    Pre-tax net operating income $3,339
    Securities gains (or losses, -) $16
    Income before extraordinary items $3,370
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,370
    Minority interest net income $0
    Net income $3,370
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,354

    Senb Bank's gross interest income from loans was $12,750,000.
    Senb Bank's net interest income from loans was $10,990,000.
    Senb Bank's fee based income from loans was $1,000,000.
    Senb Bank's net income from loans was $3,370,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,760
    Provision for credit losses $570
    Total noninterest expense $11,111
    Salaries and employee benefits $5,712
    Premises and equipment expense $1,179
    Additional noninterest expense $4,220
    Applicable income taxes $-15
    Net charge-offs $43
    Cash dividends $400

    Senb Bank's interest expense for loans was $1,760,000.
    Senb Bank's payroll and benefits expense were $5,712,000.
    Senb Bank's property, plant and equipment expenses $1,179,000.

    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 2.0%
    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 $275,969
    Deposits held in domestic offices $275,969
    Deposits by Individuals, partnerships, and corporations $266,754
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $9,215
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $136,953
    Demand deposits $65,253
    Nontransaction accounts $139,016
    Money market deposit accounts (MMDAs) $51,425
    Other savings deposits (excluding MMDAs) $55,024
    Total time deposits $32,565
    Total time and savings deposits $210,716
    Noninterest-bearing deposits $65,876
    Interest-bearing deposits $210,093
    Retail deposits $269,338
    IRAs and Keogh plan accounts $4,998
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $358,302
    Cash & Balances due from depository institutions $40,535
    Interest-bearing balances $36,990
    Total securities $66,548
    Federal funds sold & reverse repurchase $0
    Net loans and leases $233,863
    Loan and leases loss allowance $2,738
    Trading account assets $0
    Bank premises and fixed assets $5,930
    Other real estate owned $62
    Goodwill and other intangibles $4,009
    All other assets $7,355

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $358,302
    Total Liabilities $324,201
    Total deposits $275,969
    Interest-bearing deposits $210,093
    Deposits held in domestic offices $275,969
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $33,232
    Trading liabilities $0
    Other borrowed funds $12,500
    Subordinated debt $0
    All other liabilities $2,500

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $233,863
    Loan and leases loss allowance $2,738
    Total loans and leases (domestic) $236,601
    All real estate loans $182,712
    Real estate loans in domestic offices $182,712
    Construction and development loans $14,107
    Residential 1-4 family construction $5,428
    Other construction, all land development and other land $8,679
    Loans secured by nonfarm nonresidential properties $84,247
    Nonfarm nonresidential secured by owner-occupied properties $54,364
    Commercial real estate & other non-farm, non-residential $29,883
    Multifamily residential real estate $18,985
    1-4 family residential loans $57,975
    Farmland loans $7,398
    Loans held in foreign offices $0
    Farm loans $575
    Commercial and industrial loans $47,760
    To non-U.S. addressees $0
    Loans to individuals $2,938
    Credit card loans $0
    Related Plans $132
    Consumer Auto Loans $1,138
    Other loans to individuals $1,668
    All other loans & leases $2,616
    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 $235
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    SENB Bank had $233,863,000 of loans outstanding in 2020. $182,712,000 of loans were in real estate loans. $14,107,000 of loans were in development loans. $18,985,000 of loans were in multifamily mortgage loans. $57,975,000 of loans were in 1-4 family mortgage loans. $575,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,138,000 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 171 $30,656 $179,275
    Nonfarm, nonresidential loans - <$100k 51 $2,321 $45,510
    Nonfarm, nonresidential loans - $100-250k 66 $7,825 $118,561
    Nonfarm, nonresidential loans - $250k-1MM 54 $20,510 $379,815
    Commercial & Industrial, US addressed loans - <$1MM 582 $40,578 $69,722
    Commercial & Industrial, US addressed loans - <$100k 415 $9,906 $23,870
    Commercial & Industrial, US addressed loans - $100-250k 103 $10,903 $105,854
    Commercial & Industrial, US addressed loans - $250k-1MM 64 $19,769 $308,891
    Farmland loans - <$1MM 25 $3,768 $150,720
    Farmland loans - <$100k 10 $496 $49,600
    Farmland loans - $100-250k 9 $1,232 $136,889
    Farmland loans - $250k-1MM 6 $2,040 $340,000
    Agriculture operations loans - <$1MM 7 $573 $81,857
    Agriculture operations loans - <$100k 5 $15 $3,000
    Agriculture operations loans - $100-250k 1 $115 $115,000
    Agriculture operations loans - $250k-1MM 1 $443 $443,000