Sis Bancorp Mhc Mortgage Rates, Fees & Info
SANFORD, MELEI: 549300DK2AEMKCO4JZ92
Tax ID: 01-0154810
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Bank Data
Review & Overview
Sis Bancorp Mhc is a smaller mortgage company specializing in various types of mortgages.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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.03% | 6/2/25 |
| 30 Year Conventional Purchase | 7.75% | 6/2/25 |
| 30 Year Conventional Refi | 6.94% | 6/2/25 |
| 30 Year Cash-out Refi | 7.02% | 6/2/25 |
| 30 Year USDA Purchase | 6.35% | 6/2/25 |
| 15 Year Conventional Purchase | 9.34% | 6/2/25 |
| 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. | ||
Sis Bancorp Mhc Mortgage Calculator
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Originations
0Origination Dollar Volume (All Markets)
$0Employee count
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Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Sanford Institution for Savings | 1149 Post Road Wells, ME 4090 | Full Service B&M | $39,981 |
| Sanford Institution for Savings | 1449 Main Street Sanford, ME 4073 | Full Service B&M | $28,767 |
| Sanford Institution for Savings | 254 Long Plains Road Buxton, ME 4093 | Full Service B&M | $41,782 |
| Sanford Institution for Savings | 32 Central Avenue Limerick, ME 4048 | Full Service B&M | $35,113 |
| Sanford Institution for Savings | 408 U.S. Route 1 York, ME 3909 | Full Service B&M | $25,552 |
| Sanford Institution for Savings | 484 Main Street Springvale, ME 4083 | Full Service B&M | $55,993 |
| Sanford Institution for Savings | 501 Islington Street Portsmouth, NH 3801 | Full Service B&M | $11,162 |
| Sanford Institution for Savings | 900 Main Street Sanford, ME 4073 | Full Service B&M | $194,051 |
| Sanford Institution for Savings | Waterboro Crossing East Waterboro, ME 4030 | Full Service B&M | $12,619 |
For 2018, Sis Bancorp Mhc had 9 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $24,253 |
| Net interest income | $20,396 |
| Total noninterest income | $2,485 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $443 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,042 |
| Pre-tax net operating income | $4,783 |
| Securities gains (or losses, -) | $701 |
| Income before extraordinary items | $4,456 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $4,456 |
| Minority interest net income | $0 |
| Net income | $4,456 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,888 |
Sis Bancorp Mhc's gross interest income from loans was $24,253,000.
Sis Bancorp Mhc's net interest income from loans was $20,396,000.
Sis Bancorp Mhc's fee based income from loans was $443,000.
Sis Bancorp Mhc's net income from loans was $4,456,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,857 |
| Provision for credit losses | $922 |
| Total noninterest expense | $17,176 |
| Salaries and employee benefits | $10,689 |
| Premises and equipment expense | $1,449 |
| Additional noninterest expense | $5,038 |
| Applicable income taxes | $1,028 |
| Net charge-offs | $216 |
| Cash dividends | $0 |
Sis Bancorp Mhc's interest expense for loans was $3,857,000.
Sis Bancorp Mhc's payroll and benefits expense were $10,689,000.
Sis Bancorp Mhc's property, plant and equipment expenses $1,449,000.
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 | $461,303 |
| Deposits held in domestic offices | $461,303 |
| Deposits by Individuals, partnerships, and corporations | $384,160 |
| Deposits by U.S. Government | $1 |
| Deposits by States and political subdivisions in the U.S. | $66,796 |
| Deposits by Commercial banks and other depository institutions in U.S. | $10,346 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $84,283 |
| Demand deposits | $69,761 |
| Nontransaction accounts | $377,020 |
| Money market deposit accounts (MMDAs) | $141,295 |
| Other savings deposits (excluding MMDAs) | $102,146 |
| Total time deposits | $133,579 |
| Total time and savings deposits | $391,542 |
| Noninterest-bearing deposits | $47,896 |
| Interest-bearing deposits | $413,407 |
| Retail deposits | $429,040 |
| IRAs and Keogh plan accounts | $31,613 |
| Brokered deposits | $20,481 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $580,618 |
| Cash & Balances due from depository institutions | $31,090 |
| Interest-bearing balances | $27,981 |
| Total securities | $29,083 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $489,906 |
| Loan and leases loss allowance | $4,511 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $8,970 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $669 |
| All other assets | $20,900 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $580,618 |
| Total Liabilities | $514,187 |
| Total deposits | $461,303 |
| Interest-bearing deposits | $413,407 |
| Deposits held in domestic offices | $461,303 |
| % insured (estimated) | $93 |
| Federal funds purchased and repurchase agreements | $22 |
| Trading liabilities | $0 |
| Other borrowed funds | $50,233 |
| Subordinated debt | $0 |
| All other liabilities | $2,629 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $489,906 |
| Loan and leases loss allowance | $4,511 |
| Total loans and leases (domestic) | $494,417 |
| All real estate loans | $454,540 |
| Real estate loans in domestic offices | $454,540 |
| Construction and development loans | $36,869 |
| Residential 1-4 family construction | $11,299 |
| Other construction, all land development and other land | $25,570 |
| Loans secured by nonfarm nonresidential properties | $133,963 |
| Nonfarm nonresidential secured by owner-occupied properties | $54,281 |
| Commercial real estate & other non-farm, non-residential | $79,682 |
| Multifamily residential real estate | $21,708 |
| 1-4 family residential loans | $261,767 |
| Farmland loans | $233 |
| Loans held in foreign offices | $0 |
| Farm loans | $303 |
| Commercial and industrial loans | $34,314 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $5,120 |
| Credit card loans | $0 |
| Related Plans | $175 |
| Consumer Auto Loans | $378 |
| Other loans to individuals | $4,567 |
| All other loans & leases | $140 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $47 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $8,472 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $261 |
| Non 1-4 family restructured loans & leases | $136 |
| Total loans and leases (foreign) | $0 |
SIS BANCORP MHC had $489,906,000 of loans outstanding in 2018. $454,540,000 of loans were in real estate loans. $36,869,000 of loans were in development loans. $21,708,000 of loans were in multifamily mortgage loans. $261,767,000 of loans were in 1-4 family mortgage loans. $303,000 of loans were in farm loans. $0 of loans were in credit card loans. $378,000 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 | $55,411 | $214,771 |
| Nonfarm, nonresidential loans - <$100k | 53 | $2,176 | $41,057 |
| Nonfarm, nonresidential loans - $100-250k | 98 | $13,328 | $136,000 |
| Nonfarm, nonresidential loans - $250k-1MM | 107 | $39,907 | $372,963 |
| Commercial & Industrial, US addressed loans - <$1MM | 568 | $27,156 | $47,810 |
| Commercial & Industrial, US addressed loans - <$100k | 446 | $7,585 | $17,007 |
| Commercial & Industrial, US addressed loans - $100-250k | 71 | $6,227 | $87,704 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 51 | $13,344 | $261,647 |
| Farmland loans - <$1MM | 1 | $233 | $233,000 |
| Farmland loans - $250k-1MM | 1 | $233 | $233,000 |
| Agriculture operations loans - <$1MM | 6 | $302 | $50,333 |
| Agriculture operations loans - <$100k | 4 | $30 | $7,500 |
| Agriculture operations loans - $100-250k | 2 | $272 | $136,000 |