Sis Bancorp Mhc Mortgage Rates, Fees & Info
SANFORD, MELEI: 549300DK2AEMKCO4JZ92
Tax ID: 01-0154810
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Mortgage Data
Bank Data
Review & Overview
Sis Bancorp Mhc is a smaller mortgage company specializing in Home Purchase and Refi loans. Sis Bancorp Mhc has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Portland, Boston, Laconia, Manchester, and Augusta among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Sis Bancorp Mhc 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.
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Originations
388Origination Dollar Volume (All Markets)
$119,260,000Employee count
130Top 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 |
|---|---|---|---|---|---|
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 289 | $79,045,000 | $273,512 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 49 | $22,735,000 | $463,980 | $0 | 0.00% |
| Outside of Metro Areas | 27 | $9,675,000 | $358,333 | $0 | 0.00% |
| Laconia, NH (FHA|USDA|VA) | 5 | $3,635,000 | $727,000 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 7 | $1,965,000 | $280,714 | $0 | 0.00% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 6 | $1,090,000 | $181,667 | $0 | 0.00% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against SIS BANCORP MHC 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 | 382 | $117,910,000 | $308,665 | $0 | 0.00% |
| USDA | 5 | $1,115,000 | $223,000 | $0 | 0.00% |
| VA | 1 | $235,000 | $235,000 | $0 | 0.00% |
For 2020, Sis Bancorp Mhc's most frequently originated type of loan was Conventional, with 382 originations. Their 2nd most popular type was USDA, with 5 originations.
Loan Reason
For 2020, Sis Bancorp Mhc's most frequently cited loan purpose was Home Purchase, with 182 originations. The 2nd most popular reason was Refi, with 111 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 388 | $119,260,000 | $307,371 | $0 | 0.00% |
For 2020, Sis Bancorp Mhc's most frequently cited loan duration was Other, with 388 originations.
Loan Sizing
2020 saw Sis Bancorp Mhc place emphasis on $200k-400k loans with 128 originations, totaling $34,890,000 in origination value.
Applicant Income
Sis Bancorp Mhc lent most frequently to those with incomes in the $100k-150k range, with 69 originations. The second most popular income band? $50k-75k, with 67 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 388 | $119,260,000 | $307,371 | $0 | 0.00% |
Sis Bancorp Mhc lent most frequently to those with DTI ratios of Exempt%, with 388 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.95%
Sis Bancorp Mhc has an average approval rate.
Pick Rate
Approvals leading to origination86.08%
Sis Bancorp Mhc has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 388 | $119,260,000 | $307,371 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Partners Bank of New England | 1149 Post Road Wells, ME 4090 | Full Service B&M | $42,610 |
| Partners Bank of New England | 1449 Main Street Sanford, ME 4073 | Full Service B&M | $38,085 |
| Partners Bank of New England | 243 Central Road Rye, NH 3870 | Full Service B&M | $10,808 |
| Partners Bank of New England | 254 Long Plains Road Buxton, ME 4093 | Full Service B&M | $51,319 |
| Partners Bank of New England | 32 Central Avenue Limerick, ME 4048 | Full Service B&M | $39,951 |
| Partners Bank of New England | 408 U.S. Route 1 York, ME 3909 | Full Service B&M | $27,544 |
| Partners Bank of New England | 484 Main Street Springvale, ME 4083 | Full Service B&M | $65,517 |
| Partners Bank of New England | 501 Islington Street Portsmouth, NH 3801 | Full Service B&M | $18,094 |
| Partners Bank of New England | 900 Main Street Sanford, ME 4073 | Full Service B&M | $222,161 |
| Partners Bank of New England | Waterboro Crossing, 40 Sokokis Trail East Waterboro, ME 4030 | Full Service B&M | $18,726 |
For 2020, Sis Bancorp Mhc had 10 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $26,750 |
| Net interest income | $22,517 |
| Total noninterest income | $2,776 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $333 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,443 |
| Pre-tax net operating income | $2,284 |
| Securities gains (or losses, -) | $-228 |
| Income before extraordinary items | $1,746 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,746 |
| Minority interest net income | $0 |
| Net income | $1,746 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $1,939 |
Sis Bancorp Mhc's gross interest income from loans was $26,750,000.
Sis Bancorp Mhc's net interest income from loans was $22,517,000.
Sis Bancorp Mhc's fee based income from loans was $333,000.
Sis Bancorp Mhc's net income from loans was $1,746,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,233 |
| Provision for credit losses | $3,292 |
| Total noninterest expense | $19,717 |
| Salaries and employee benefits | $12,286 |
| Premises and equipment expense | $1,773 |
| Additional noninterest expense | $5,658 |
| Applicable income taxes | $310 |
| Net charge-offs | $230 |
| Cash dividends | $0 |
Sis Bancorp Mhc's interest expense for loans was $4,233,000.
Sis Bancorp Mhc's payroll and benefits expense were $12,286,000.
Sis Bancorp Mhc's property, plant and equipment expenses $1,773,000.
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 | $586,403 |
| Deposits held in domestic offices | $586,403 |
| Deposits by Individuals, partnerships, and corporations | $539,692 |
| Deposits by U.S. Government | $1 |
| Deposits by States and political subdivisions in the U.S. | $40,793 |
| Deposits by Commercial banks and other depository institutions in U.S. | $5,918 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $127,176 |
| Demand deposits | $110,782 |
| Nontransaction accounts | $459,228 |
| Money market deposit accounts (MMDAs) | $179,045 |
| Other savings deposits (excluding MMDAs) | $131,316 |
| Total time deposits | $148,866 |
| Total time and savings deposits | $475,622 |
| Noninterest-bearing deposits | $73,838 |
| Interest-bearing deposits | $512,565 |
| Retail deposits | $543,847 |
| IRAs and Keogh plan accounts | $33,115 |
| Brokered deposits | $21,806 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $696,040 |
| Cash & Balances due from depository institutions | $32,088 |
| Interest-bearing balances | $27,176 |
| Total securities | $51,856 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $577,529 |
| Loan and leases loss allowance | $8,037 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $12,071 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $572 |
| All other assets | $21,924 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $696,040 |
| Total Liabilities | $619,482 |
| Total deposits | $586,403 |
| Interest-bearing deposits | $512,565 |
| Deposits held in domestic offices | $586,403 |
| % insured (estimated) | $92 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $29,864 |
| Subordinated debt | $0 |
| All other liabilities | $3,215 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $577,529 |
| Loan and leases loss allowance | $8,037 |
| Total loans and leases (domestic) | $585,566 |
| All real estate loans | $526,179 |
| Real estate loans in domestic offices | $526,179 |
| Construction and development loans | $33,050 |
| Residential 1-4 family construction | $11,250 |
| Other construction, all land development and other land | $21,800 |
| Loans secured by nonfarm nonresidential properties | $156,857 |
| Nonfarm nonresidential secured by owner-occupied properties | $67,954 |
| Commercial real estate & other non-farm, non-residential | $88,903 |
| Multifamily residential real estate | $25,431 |
| 1-4 family residential loans | $310,657 |
| Farmland loans | $184 |
| Loans held in foreign offices | $0 |
| Farm loans | $284 |
| Commercial and industrial loans | $53,847 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $4,333 |
| Credit card loans | $0 |
| Related Plans | $124 |
| Consumer Auto Loans | $427 |
| Other loans to individuals | $3,782 |
| All other loans & leases | $924 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $19 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $11,157 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $242 |
| Non 1-4 family restructured loans & leases | $125 |
| Total loans and leases (foreign) | $0 |
SIS BANCORP MHC had $577,529,000 of loans outstanding in 2020. $526,179,000 of loans were in real estate loans. $33,050,000 of loans were in development loans. $25,431,000 of loans were in multifamily mortgage loans. $310,657,000 of loans were in 1-4 family mortgage loans. $284,000 of loans were in farm loans. $0 of loans were in credit card loans. $427,000 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 | 266 | $63,262 | $237,827 |
| Nonfarm, nonresidential loans - <$100k | 37 | $1,738 | $46,973 |
| Nonfarm, nonresidential loans - $100-250k | 99 | $14,231 | $143,747 |
| Nonfarm, nonresidential loans - $250k-1MM | 130 | $47,293 | $363,792 |
| Commercial & Industrial, US addressed loans - <$1MM | 794 | $41,486 | $52,249 |
| Commercial & Industrial, US addressed loans - <$100k | 631 | $13,235 | $20,975 |
| Commercial & Industrial, US addressed loans - $100-250k | 96 | $10,868 | $113,208 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 67 | $17,383 | $259,448 |
| Farmland loans - <$1MM | 1 | $184 | $184,000 |
| Farmland loans - $250k-1MM | 1 | $184 | $184,000 |
| Agriculture operations loans - <$1MM | 8 | $284 | $35,500 |
| Agriculture operations loans - <$100k | 6 | $28 | $4,667 |
| Agriculture operations loans - $100-250k | 2 | $256 | $128,000 |