Bank Of Marin Mortgage Rates, Fees & Info
Novato, CALEI: 549300EGL1VV7LY0QU69
Tax ID: 68-0197989
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Mortgage Data
Bank Data
Review & Overview
Bank Of Marin is a smaller bank specializing in Refi and Home Purchase loans. Bank Of Marin has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Santa Rosa, Sacramento, and Napa among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Marin has an 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
74Origination Dollar Volume (All Markets)
$62,300,000Employee count
289Top 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 |
|---|---|---|---|---|---|
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 69 | $58,065,000 | $841,522 | $0 | 0.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $2,975,000 | $991,667 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $0 | 0.00% |
| NAPA, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 74 | $62,300,000 | $841,892 | $0 | 0.00% |
For 2020, Bank Of Marin's most frequently originated type of loan was Conventional, with 74 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 42 | $37,830,000 | $900,714 | $0 | 0.00% |
| Home Purchase | 21 | $16,625,000 | $791,667 | $0 | 0.00% |
| Cash Out Refi | 11 | $7,845,000 | $713,182 | $0 | 0.00% |
For 2020, Bank Of Marin's most frequently cited loan purpose was Refi, with 42 originations. The 2nd most popular reason was Home Purchase, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 74 | $62,300,000 | $841,892 | $0 | 0.00% |
For 2020, Bank Of Marin's most frequently cited loan duration was Other, with 74 originations.
Loan Sizing
2020 saw Bank Of Marin place emphasis on $600k-1MM loans with 27 originations, totaling $20,645,000 in origination value.
Applicant Income
Bank Of Marin lent most frequently to those with incomes in the $250k+ range, with 22 originations. The second most popular income band? $150k-250k, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 74 | $62,300,000 | $841,892 | $0 | 0.00% |
Bank Of Marin lent most frequently to those with DTI ratios of Exempt%, with 74 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.00%
Bank Of Marin has an average approval rate.
Pick Rate
Approvals leading to origination81.08%
Bank Of Marin has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 74 | $62,300,000 | $841,892 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | Conventional home mortgage | Incorrect information on your report | 1 | 3.8% |
| BANK OF THE WEST | Conventional home mortgage | Closing on a mortgage | 2 | 7.7% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 4 | 15.4% |
| BANK OF THE WEST | Other type of mortgage | Struggling to pay mortgage | 2 | 7.7% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.8% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 6 | 23.1% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 3.8% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 2 | 7.7% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 4 | 15.4% |
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 7.7% |
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 3.8% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Bank of Marin | 1 Blackfield Drive Tiburon, CA 94920 | Full Service B&M | $113,907 |
| Bank of Marin | 1101 Fourth Street San Rafael, CA 94901 | Full Service B&M | $251,226 |
| Bank of Marin | 1260 Healdsburg Avenue, Suite 201 Healdsburg, CA 95448 | Full Service B&M | $5,329 |
| Bank of Marin | 136 West Napa Street, Suite 100 Sonoma, CA 95476 | Full Service B&M | $37,349 |
| Bank of Marin | 1371 N Mcdowell Blvd, Ste 100 Petaluma, CA 94954 | Full Service B&M | $49,598 |
| Bank of Marin | 1450 Grant Avenue Novato, CA 94945 | Full Service B&M | $290,637 |
| Bank of Marin | 1715 Second Street Napa, CA 94559 | Full Service B&M | $43,262 |
| Bank of Marin | 180 Grand Avenue, Suite 1545 Oakland, CA 94612 | Full Service B&M | $84,116 |
| Bank of Marin | 19 Sunnyside Avenue Mill Valley, CA 94941 | Full Service B&M | $64,290 |
| Bank of Marin | 2007 Redwood Road, Suite 101 Napa, CA 94558 | Full Service B&M | $179,365 |
| Bank of Marin | 2208 South Shore Center Alameda, CA 94501 | Full Service B&M | $147,156 |
| Bank of Marin | 2656 Bridgeway, Suite D Sausalito, CA 94965 | Full Service B&M | $82,397 |
| Bank of Marin | 345 California St, Ste 1150 San Francisco, CA 94104 | Full Service B&M | $84,397 |
| Bank of Marin | 368 Ignacio Boulevard Novato, CA 94949 | Full Service B&M | $111,085 |
| Bank of Marin | 50 Santa Rosa Ave, Ste 100 Santa Rosa, CA 95404 | Full Service B&M | $92,268 |
| Bank of Marin | 501 Sir Francis Drake Boulevard, Ste 100 Greenbrae, CA 94904 | Full Service B&M | $98,972 |
| Bank of Marin | 504 Redwood Boulevard, Suite 100 Novato, CA 94947 | Full Service B&M | $108,130 |
| Bank of Marin | 504 Tamalpais Drive Corte Madera, CA 94925 | Full Service B&M | $403,118 |
| Bank of Marin | 5800 Northgate Mall, Ste 51 San Rafael, CA 94903 | Full Service B&M | $209,246 |
| Bank of Marin | 600 Trancas Street Napa, CA 94558 | Full Service B&M | $92,316 |
| Bank of Marin | 799 Baywood Drive Petaluma, CA 94954 | Full Service B&M | $108,337 |
| Bank of Marin | 805 Marina Village Pkwy Alameda, CA 94501 | Full Service B&M | $55,812 |
| Bank of Marin | 999 Andersen Dr, Ste 190 San Rafael, CA 94901 | Full Service B&M | $83,101 |
For 2020, Bank Of Marin had 23 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $100,292 |
| Net interest income | $97,471 |
| Total noninterest income | $6,979 |
| Gross Fiduciary activities income | $1,851 |
| Service charges on deposit accounts | $1,157 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $3,971 |
| Pre-tax net operating income | $41,153 |
| Securities gains (or losses, -) | $915 |
| Income before extraordinary items | $31,285 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $31,285 |
| Minority interest net income | $0 |
| Net income | $31,285 |
| Sale, conversion, retirement of capital stock, net | $4,151 |
| Net operating income | $30,562 |
Bank Of Marin's gross interest income from loans was $100,292,000.
Bank Of Marin's net interest income from loans was $97,471,000.
Bank Of Marin's fee based income from loans was $1,157,000.
Bank Of Marin's net income from loans was $31,285,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,821 |
| Provision for credit losses | $4,594 |
| Total noninterest expense | $58,703 |
| Salaries and employee benefits | $33,675 |
| Premises and equipment expense | $9,058 |
| Additional noninterest expense | $15,970 |
| Applicable income taxes | $10,783 |
| Net charge-offs | $1 |
| Cash dividends | $16,200 |
Bank Of Marin's interest expense for loans was $2,821,000.
Bank Of Marin's payroll and benefits expense were $33,675,000.
Bank Of Marin's property, plant and equipment expenses $9,058,000.
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 | $2,509,670 |
| Deposits held in domestic offices | $2,509,670 |
| Deposits by Individuals, partnerships, and corporations | $2,394,121 |
| Deposits by U.S. Government | $9 |
| Deposits by States and political subdivisions in the U.S. | $115,540 |
| 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 | $371,940 |
| Demand deposits | $357,784 |
| Nontransaction accounts | $2,137,730 |
| Money market deposit accounts (MMDAs) | $667,107 |
| Other savings deposits (excluding MMDAs) | $1,373,191 |
| Total time deposits | $97,432 |
| Total time and savings deposits | $2,151,886 |
| Noninterest-bearing deposits | $1,360,071 |
| Interest-bearing deposits | $1,149,599 |
| Retail deposits | $2,479,027 |
| IRAs and Keogh plan accounts | $16,008 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $2,911,909 |
| Cash & Balances due from depository institutions | $200,320 |
| Interest-bearing balances | $148,833 |
| Total securities | $501,387 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $2,065,682 |
| Loan and leases loss allowance | $22,874 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $30,531 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $33,971 |
| All other assets | $80,018 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $2,911,909 |
| Total Liabilities | $2,555,737 |
| Total deposits | $2,509,670 |
| Interest-bearing deposits | $1,149,599 |
| Deposits held in domestic offices | $2,509,670 |
| % insured (estimated) | $56 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $58 |
| Subordinated debt | $0 |
| All other liabilities | $46,009 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $2,065,682 |
| Loan and leases loss allowance | $22,874 |
| Total loans and leases (domestic) | $2,088,556 |
| All real estate loans | $1,614,746 |
| Real estate loans in domestic offices | $1,614,746 |
| Construction and development loans | $82,581 |
| Residential 1-4 family construction | $18,758 |
| Other construction, all land development and other land | $63,823 |
| Loans secured by nonfarm nonresidential properties | $1,128,044 |
| Nonfarm nonresidential secured by owner-occupied properties | $289,280 |
| Commercial real estate & other non-farm, non-residential | $838,764 |
| Multifamily residential real estate | $123,552 |
| 1-4 family residential loans | $262,470 |
| Farmland loans | $18,099 |
| Loans held in foreign offices | $0 |
| Farm loans | $6,654 |
| Commercial and industrial loans | $359,644 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $22,723 |
| Credit card loans | $0 |
| Related Plans | $2,747 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $19,976 |
| All other loans & leases | $84,789 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $56,242 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $7,123 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $5,071 |
| Non 1-4 family restructured loans & leases | $4,771 |
| Total loans and leases (foreign) | $0 |
Bank of Marin had $2,065,682,000 of loans outstanding in 2020. $1,614,746,000 of loans were in real estate loans. $82,581,000 of loans were in development loans. $123,552,000 of loans were in multifamily mortgage loans. $262,470,000 of loans were in 1-4 family mortgage loans. $6,654,000 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 | 355 | $145,400 | $409,577 |
| Nonfarm, nonresidential loans - <$100k | 10 | $208 | $20,800 |
| Nonfarm, nonresidential loans - $100-250k | 60 | $7,364 | $122,733 |
| Nonfarm, nonresidential loans - $250k-1MM | 285 | $137,828 | $483,607 |
| Commercial & Industrial, US addressed loans - <$1MM | 2,776 | $206,604 | $74,425 |
| Commercial & Industrial, US addressed loans - <$100k | 1,980 | $37,384 | $18,881 |
| Commercial & Industrial, US addressed loans - $100-250k | 441 | $56,378 | $127,841 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 355 | $112,842 | $317,865 |
| Farmland loans - <$1MM | 3 | $686 | $228,667 |
| Farmland loans - $100-250k | 1 | $33 | $33,000 |
| Farmland loans - $250k-1MM | 2 | $653 | $326,500 |
| Agriculture operations loans - <$1MM | 20 | $3,133 | $156,650 |
| Agriculture operations loans - <$100k | 2 | $19 | $9,500 |
| Agriculture operations loans - $100-250k | 6 | $818 | $136,333 |
| Agriculture operations loans - $250k-1MM | 12 | $2,296 | $191,333 |