Sis Bancorp Mhc Mortgage Rates, Fees & Info
SANFORD, ME
LEI: 549300DK2AEMKCO4JZ92
Tax ID: 01-0154810
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Mortgage Data
Bank Data
Overview
Sis Bancorp Mhc is a
smaller
mortgage company
specializing in
Home Purchase
loans.
Sis Bancorp Mhc has a high proportion of conventional loans.
They have a low ratio of USDA loans.
Their top markets include Portland, Boston, Manchester, Concord, and Lewiston among others. Sis Bancorp Mhc has
an above average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
Originations
441
Origination Dollar Volume (All Markets)
$126,315,000
Employee count
125
Top Markets
| Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
|
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA)
|
327
|
$86,175,000 |
$263,532 |
$0 |
0.00% |
|
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA)
|
44
|
$15,850,000 |
$360,227 |
$0 |
0.00% |
|
Outside of Metro Areas
|
41 |
$12,125,000 |
$295,732 |
$0 |
0.00% |
|
MANCHESTER-NASHUA, NH (FHA|USDA|VA)
|
9
|
$3,445,000 |
$382,778 |
$0 |
0.00% |
|
Concord, NH (FHA|USDA|VA)
|
3
|
$2,425,000 |
$808,333 |
$0 |
0.00% |
|
LEWISTON-AUBURN, ME (FHA|USDA|VA)
|
6
|
$2,180,000 |
$363,333 |
$0 |
0.00% |
|
Laconia, NH (FHA|USDA|VA)
|
5
|
$1,995,000 |
$399,000 |
$0 |
0.00% |
|
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA)
|
1
|
$795,000 |
$795,000 |
$0 |
0.00% |
|
Augusta-Waterville, ME (FHA|USDA|VA)
|
2
|
$640,000 |
$320,000 |
$0 |
0.00% |
|
BANGOR, ME (FHA|USDA|VA)
|
2
|
$600,000 |
$300,000 |
$0 |
0.00% |
|
Sebastian-Vero Beach, FL (FHA|USDA|VA)
|
1
|
$85,000 |
$85,000 |
$0 |
0.00% |
Sis Bancorp Mhc's top markets include Portland, Boston, Manchester, Concord, and Lewiston among others.
Product Mix
| Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Conventional |
431 |
$124,115,000 |
$287,970 |
$0 |
0.00% |
| VA |
7 |
$1,515,000 |
$216,429 |
$0 |
0.00% |
| USDA |
3 |
$685,000 |
$228,333 |
$0 |
0.00% |
For the 2021 period, Sis Bancorp Mhc's most frequently
originated loan type
of loans were Conventional, with 431 originations.
Their 2nd most popular type is VA,
with 7 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Home Purchase |
211 |
$77,335,000 |
$366,517 |
$0 |
0.00% |
| Cash Out Refi |
101 |
$23,095,000 |
$228,663 |
$0 |
0.00% |
| Refi |
89 |
$20,655,000 |
$232,079 |
$0 |
0.00% |
| Other |
32 |
$3,790,000 |
$118,438 |
$0 |
0.00% |
| Home Improvement |
8 |
$1,440,000 |
$180,000 |
$0 |
0.00% |
For the 2021, Sis Bancorp Mhc's most frequently cited loan
purpose
of loans were Home Purchase, with 211
originations.
The 2nd most popular reason of loans were Cash Out Refi,
with 101 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Other |
441 |
$126,315,000 |
$286,429 |
$0 |
0.00% |
For the 2021, Sis Bancorp Mhc's most frequently cited loan
length
of loans were Other, with 441 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $200k-400k |
138 |
$37,130,000 |
$269,058 |
$0 |
0.00% |
| $100k-200k |
132 |
$20,230,000 |
$153,258 |
$0 |
0.00% |
| $100,000 or less |
75 |
$4,775,000 |
$63,667 |
$0 |
0.00% |
| $400k-600k |
46 |
$23,070,000 |
$501,522 |
$0 |
0.00% |
| $600k-1MM |
41 |
$30,505,000 |
$744,024 |
$0 |
0.00% |
| $1MM+ |
9 |
$10,605,000 |
$1,178,333 |
$0 |
0.00% |
2021 saw Sis Bancorp Mhc place emphasis on
$200k-400k loans
with 138 originations, totaling
$37,130,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-150k |
93 |
$25,545,000 |
$274,677 |
$0 |
0.00% |
| $50k-75k |
76 |
$11,810,000 |
$155,395 |
$0 |
0.00% |
| $150k-250k |
67 |
$22,735,000 |
$339,328 |
$0 |
0.00% |
| $250k+ |
65 |
$36,605,000 |
$563,154 |
$0 |
0.00% |
| $75k-100k |
56 |
$11,620,000 |
$207,500 |
$0 |
0.00% |
| $50k or less |
40 |
$5,240,000 |
$131,000 |
$0 |
0.00% |
Sis Bancorp Mhc lent most frequently to those with incomes in the
$100k-150k range, with
93 originations.
The second most popular income band? $50k-75k,
with 76 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Exempt% |
441 |
$126,315,000 |
$286,429 |
$0 |
0.00% |
Sis Bancorp Mhc lent most frequently to those with DTI ratios
of Exempt%, with
441 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| White |
347 |
$98,105,000 |
$282,723 |
$0 |
0.00% |
| Not provided |
48 |
$13,880,000 |
$289,167 |
$0 |
0.00% |
| Not applicable |
33 |
$10,945,000 |
$331,667 |
$0 |
0.00% |
| Asian |
7 |
$1,415,000 |
$202,143 |
$0 |
0.00% |
| Black |
4 |
$1,320,000 |
$330,000 |
$0 |
0.00% |
| American Indian |
2 |
$650,000 |
$325,000 |
$0 |
0.00% |
Approval Rates
Total approvals of all applications
91.60%
Sis Bancorp Mhc has an average approval rate.
Pick Rate
Approvals leading to origination
87.68%
Sis Bancorp Mhc has an average pick rate.
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| Exempt |
441 |
$126,315,000 |
$286,429 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
|
441 |
$126,315,000 |
$286,429 |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| Partners Bank of New England |
900 Main St Sanford, ME 4073 |
Full Service B&M
|
$211,200 |
| Partners Bank of New England |
Waterboro Crossing, 40 Sokokis Trail East Waterboro, ME 4030 |
Full Service B&M
|
$23,065 |
| Partners Bank of New England |
1149 Post Road Wells, ME 4090 |
Full Service B&M
|
$68,907 |
| Partners Bank of New England |
1449 Main Street Sanford, ME 4073 |
Full Service B&M
|
$90,390 |
| Partners Bank of New England |
243 Central Road Rye, NH 3870 |
Full Service B&M
|
$20,772 |
| Partners Bank of New England |
254 Long Plains Road Buxton, ME 4093 |
Full Service B&M
|
$65,159 |
| Partners Bank of New England |
32 Central Avenue Limerick, ME 4048 |
Full Service B&M
|
$52,693 |
| Partners Bank of New England |
408 U.S. Route 1 York, ME 3909 |
Full Service B&M
|
$35,544 |
| Partners Bank of New England |
484 Main Street Springvale, ME 4083 |
Full Service B&M
|
$77,197 |
| Partners Bank of New England |
501 Islington Street Portsmouth, NH 3801 |
Full Service B&M
|
$24,081 |
For 2021, Sis Bancorp Mhc had 10 branches.
Yearly Performance Overview
Bank Income
Sis Bancorp Mhc's gross interest income from loans was $29,106,000.
Sis Bancorp Mhc's net interest income from loans was $26,624,000.
Sis Bancorp Mhc's fee based income from loans was $300,000.
Sis Bancorp Mhc's net income from loans was $10,029,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$2,482 |
| Provision for credit losses |
$19 |
| Total noninterest expense |
$21,308 |
| Salaries and employee benefits |
$12,568 |
| Premises and equipment expense |
$2,156 |
| Additional noninterest expense |
$6,584 |
| Applicable income taxes |
$2,717 |
| Net charge-offs |
$-24 |
| Cash dividends |
$0 |
Sis Bancorp Mhc's interest expense for loans was $2,482,000.
Sis Bancorp Mhc's payroll and benefits expense were $12,568,000.
Sis Bancorp Mhc's property, plant and equipment expenses $2,156,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$742,139 |
| Deposits held in domestic offices |
$742,139 |
| Deposits by Individuals, partnerships, and corporations |
$689,988 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$50,660 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$1,490 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$362,610 |
| Demand deposits |
$226,035 |
| Nontransaction accounts |
$379,528 |
| Money market deposit accounts (MMDAs) |
$39,794 |
| Other savings deposits (excluding MMDAs) |
$170,276 |
| Total time deposits |
$169,458 |
| Total time and savings deposits |
$516,103 |
| Noninterest-bearing deposits |
$91,584 |
| Interest-bearing deposits |
$650,555 |
| Retail deposits |
$679,936 |
| IRAs and Keogh plan accounts |
$33,659 |
| Brokered deposits |
$30,479 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$842,326 |
| Cash & Balances due from depository institutions |
$56,921 |
| Interest-bearing balances |
$51,007 |
| Total securities |
$122,060 |
| Federal funds sold & reverse repurchase |
$0 |
| Net loans and leases |
$627,900 |
| Loan and leases loss allowance |
$8,080 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$11,917 |
| Other real estate owned |
$0 |
| Goodwill and other intangibles |
$564 |
| All other assets |
$22,964 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$842,326 |
| Total Liabilities |
$756,213 |
| Total deposits |
$742,139 |
| Interest-bearing deposits |
$650,555 |
| Deposits held in domestic offices |
$742,139 |
| % insured (estimated) |
$90 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$10,267 |
| Subordinated debt |
$0 |
| All other liabilities |
$3,807 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$627,900 |
| Loan and leases loss allowance |
$8,080 |
| Total loans and leases (domestic) |
$635,980 |
| All real estate loans |
$585,698 |
| Real estate loans in domestic offices |
$585,698 |
| Construction and development loans |
$42,116 |
| Residential 1-4 family construction |
$14,066 |
| Other construction, all land development and other land |
$28,050 |
| Loans secured by nonfarm nonresidential properties |
$162,196 |
| Nonfarm nonresidential secured by owner-occupied properties |
$65,072 |
| Commercial real estate & other non-farm, non-residential |
$97,124 |
| Multifamily residential real estate |
$24,595 |
| 1-4 family residential loans |
$356,791 |
| Farmland loans |
$0 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$261 |
| Commercial and industrial loans |
$45,790 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$3,428 |
| Credit card loans |
$0 |
| Related Plans |
$116 |
| Consumer Auto Loans |
$300 |
| Other loans to individuals |
$3,012 |
| All other loans & leases |
$802 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$30 |
| Loans to depository institutions and acceptances of other banks |
$0 |
| Loans not secured by real estate |
$8,489 |
| Loans secured by real estate to non-U.S. addressees |
$0 |
| Restructured Loans & leases |
$229 |
| Non 1-4 family restructured loans & leases |
$116 |
| Total loans and leases (foreign) |
$0 |
SIS BANCORP MHC had $627,900,000 of loans outstanding in 2021. $585,698,000 of loans were in real estate loans.
$42,116,000 of loans were in development loans. $24,595,000 of loans were in multifamily mortgage loans.
$356,791,000 of loans were in 1-4 family mortgage loans. $261,000 of loans were in farm loans. $0
of loans were in credit card loans. $300,000 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 |
258 |
$62,325 |
$241,570 |
| Nonfarm, nonresidential loans - <$100k |
33 |
$1,671 |
$50,636 |
| Nonfarm, nonresidential loans - $100-250k |
102 |
$14,258 |
$139,784 |
| Nonfarm, nonresidential loans - $250k-1MM |
123 |
$46,396 |
$377,203 |
| Commercial & Industrial, US addressed loans - <$1MM |
562 |
$31,825 |
$56,628 |
| Commercial & Industrial, US addressed loans - <$100k |
420 |
$8,254 |
$19,652 |
| Commercial & Industrial, US addressed loans - $100-250k |
76 |
$6,995 |
$92,039 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
66 |
$16,576 |
$251,152 |
| Agriculture operations loans - <$1MM |
4 |
$261 |
$65,250 |
| Agriculture operations loans - <$100k |
2 |
$15 |
$7,500 |
| Agriculture operations loans - $100-250k |
2 |
$246 |
$123,000 |
