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 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, Manchester, Concord, and Lewiston among others. We have data for 11 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 an above average pick rate when compared to similar lenders.
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Originations
441Origination Dollar Volume (All Markets)
$126,315,000Employee count
125Top 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) | 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% |
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 | 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 2021, Sis Bancorp Mhc's most frequently originated type of loan was Conventional, with 431 originations. Their 2nd most popular type was VA, with 7 originations.
Loan Reason
For 2021, Sis Bancorp Mhc's most frequently cited loan purpose was Home Purchase, with 211 originations. The 2nd most popular reason was 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 2021, Sis Bancorp Mhc's most frequently cited loan duration was Other, with 441 originations.
Loan Sizing
2021 saw Sis Bancorp Mhc place emphasis on $200k-400k loans with 138 originations, totaling $37,130,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications91.21%
Sis Bancorp Mhc has an average approval rate.
Pick Rate
Approvals leading to origination90.93%
Sis Bancorp Mhc has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 441 | $126,315,000 | $286,429 |
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 | $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 |
| 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 |
For 2021, Sis Bancorp Mhc had 10 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $29,106 |
| Net interest income | $26,624 |
| Total noninterest income | $3,004 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $300 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,704 |
| Pre-tax net operating income | $8,301 |
| Securities gains (or losses, -) | $4,445 |
| Income before extraordinary items | $10,029 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $10,029 |
| Minority interest net income | $0 |
| Net income | $10,029 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $6,517 |
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.
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 | $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 |