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 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
48Origination Dollar Volume (All Markets)
$29,610,000Employee count
328Top 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) | 40 | $22,500,000 | $562,500 | $0 | 0.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $3,325,000 | $1,108,333 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $2,710,000 | $1,355,000 | $0 | 0.00% |
| NAPA, CA (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 48 | $29,610,000 | $616,875 | $0 | 0.00% |
For 2021, Bank Of Marin's most frequently originated type of loan was Conventional, with 48 originations.
Loan Reason
For 2021, Bank Of Marin's most frequently cited loan purpose was Refi, with 22 originations. The 2nd most popular reason was Home Purchase, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 48 | $29,610,000 | $616,875 | $0 | 0.00% |
For 2021, Bank Of Marin's most frequently cited loan duration was Other, with 48 originations.
Loan Sizing
2021 saw Bank Of Marin place emphasis on $400k-600k loans with 15 originations, totaling $7,415,000 in origination value.
Applicant Income
Bank Of Marin lent most frequently to those with incomes in the $150k-250k range, with 12 originations. The second most popular income band? $250k+, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 48 | $29,610,000 | $616,875 | $0 | 0.00% |
Bank Of Marin lent most frequently to those with DTI ratios of Exempt%, with 48 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.67%
Bank Of Marin has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination81.25%
Bank Of Marin has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 48 | $29,610,000 | $616,875 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 5 | 16.7% |
| BANK OF THE WEST | VA mortgage | Trouble during payment process | 1 | 3.3% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 2 | 6.7% |
| BANK OF THE WEST | Other type of mortgage | Struggling to pay mortgage | 1 | 3.3% |
| BANK OF THE WEST | Other type of mortgage | Closing on a mortgage | 1 | 3.3% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.3% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 3 | 10.0% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 4 | 13.3% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 2 | 6.7% |
| BANK OF THE WEST | FHA mortgage | Trouble during payment process | 1 | 3.3% |
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 2 | 6.7% |
| BANK OF THE WEST | Conventional home mortgage | Closing on a mortgage | 1 | 3.3% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 6 | 20.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Bank of Marin | 1 Blackfield Drive Tiburon, CA 94920 | Full Service B&M | $115,291 |
| Bank of Marin | 1101 Fourth Street San Rafael, CA 94901 | Full Service B&M | $278,913 |
| Bank of Marin | 1260 Healdsburg Avenue, Suite 201 Healdsburg, CA 95448 | Full Service B&M | $9,172 |
| Bank of Marin | 136 West Napa Street, Suite 100 Sonoma, CA 95476 | Full Service B&M | $41,285 |
| Bank of Marin | 1371 N Mcdowell Blvd, Ste 100 Petaluma, CA 94954 | Full Service B&M | $72,031 |
| Bank of Marin | 1450 Grant Avenue Novato, CA 94945 | Full Service B&M | $279,018 |
| Bank of Marin | 1715 Second Street Napa, CA 94559 | Full Service B&M | $95,161 |
| Bank of Marin | 180 Grand Avenue, Suite 1545 Oakland, CA 94612 | Full Service B&M | $85,526 |
| Bank of Marin | 19 Sunnyside Avenue Mill Valley, CA 94941 | Full Service B&M | $90,248 |
| Bank of Marin | 2007 Redwood Road, Suite 101 Napa, CA 94558 | Full Service B&M | $230,684 |
| Bank of Marin | 2208 South Shore Center Alameda, CA 94501 | Full Service B&M | $164,112 |
| Bank of Marin | 2656 Bridgeway, Suite D Sausalito, CA 94965 | Full Service B&M | $100,078 |
| Bank of Marin | 345 California St, Ste 1150 San Francisco, CA 94104 | Full Service B&M | $89,539 |
| Bank of Marin | 368 Ignacio Boulevard Novato, CA 94949 | Full Service B&M | $118,386 |
| Bank of Marin | 50 Santa Rosa Ave, Ste 100 Santa Rosa, CA 95404 | Full Service B&M | $53,729 |
| Bank of Marin | 501 Sir Francis Drake Boulevard, Ste 100 Greenbrae, CA 94904 | Full Service B&M | $97,654 |
| Bank of Marin | 504 Redwood Boulevard, Suite 100 Novato, CA 94947 | Full Service B&M | $25,562 |
| Bank of Marin | 504 Tamalpais Drive Corte Madera, CA 94925 | Full Service B&M | $279,482 |
| Bank of Marin | 5800 Northgate Mall, Ste 51 San Rafael, CA 94903 | Full Service B&M | $221,630 |
| Bank of Marin | 799 Baywood Drive Petaluma, CA 94954 | Full Service B&M | $101,587 |
| Bank of Marin | 805 Marina Village Pkwy Alameda, CA 94501 | Full Service B&M | $65,693 |
| Bank of Marin | 999 Andersen Dr, Ste 190 San Rafael, CA 94901 | Full Service B&M | $73,530 |
For 2021, Bank Of Marin had 22 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $109,113 |
| Net interest income | $107,072 |
| Total noninterest income | $9,388 |
| Gross Fiduciary activities income | $2,222 |
| Service charges on deposit accounts | $1,441 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $5,725 |
| Pre-tax net operating income | $50,287 |
| Securities gains (or losses, -) | $-16 |
| Income before extraordinary items | $37,379 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $37,379 |
| Minority interest net income | $0 |
| Net income | $37,379 |
| Sale, conversion, retirement of capital stock, net | $4,865 |
| Net operating income | $37,391 |
Bank Of Marin's gross interest income from loans was $109,113,000.
Bank Of Marin's net interest income from loans was $107,072,000.
Bank Of Marin's fee based income from loans was $1,441,000.
Bank Of Marin's net income from loans was $37,379,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,041 |
| Provision for credit losses | $-2,441 |
| Total noninterest expense | $68,614 |
| Salaries and employee benefits | $41,047 |
| Premises and equipment expense | $8,995 |
| Additional noninterest expense | $18,572 |
| Applicable income taxes | $12,892 |
| Net charge-offs | $-93 |
| Cash dividends | $64,000 |
Bank Of Marin's interest expense for loans was $2,041,000.
Bank Of Marin's payroll and benefits expense were $41,047,000.
Bank Of Marin's property, plant and equipment expenses $8,995,000.
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 | $3,815,294 |
| Deposits held in domestic offices | $3,815,294 |
| Deposits by Individuals, partnerships, and corporations | $3,605,969 |
| Deposits by U.S. Government | $26 |
| Deposits by States and political subdivisions in the U.S. | $208,804 |
| Deposits by Commercial banks and other depository institutions in U.S. | $495 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $567,920 |
| Demand deposits | $542,257 |
| Nontransaction accounts | $3,247,374 |
| Money market deposit accounts (MMDAs) | $1,116,303 |
| Other savings deposits (excluding MMDAs) | $1,980,837 |
| Total time deposits | $150,235 |
| Total time and savings deposits | $3,273,037 |
| Noninterest-bearing deposits | $1,916,985 |
| Interest-bearing deposits | $1,898,309 |
| Retail deposits | $3,761,076 |
| IRAs and Keogh plan accounts | $21,630 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $4,313,965 |
| Cash & Balances due from depository institutions | $347,641 |
| Interest-bearing balances | $296,777 |
| Total securities | $1,509,790 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $2,232,622 |
| Loan and leases loss allowance | $23,023 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $31,162 |
| Other real estate owned | $800 |
| Goodwill and other intangibles | $79,359 |
| All other assets | $112,591 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $4,313,965 |
| Total Liabilities | $3,869,774 |
| Total deposits | $3,815,294 |
| Interest-bearing deposits | $1,898,309 |
| Deposits held in domestic offices | $3,815,294 |
| % insured (estimated) | $52 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $419 |
| Subordinated debt | $0 |
| All other liabilities | $54,061 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $2,232,622 |
| Loan and leases loss allowance | $23,023 |
| Total loans and leases (domestic) | $2,255,645 |
| All real estate loans | $1,947,232 |
| Real estate loans in domestic offices | $1,947,232 |
| Construction and development loans | $131,475 |
| Residential 1-4 family construction | $22,022 |
| Other construction, all land development and other land | $109,453 |
| Loans secured by nonfarm nonresidential properties | $1,368,393 |
| Nonfarm nonresidential secured by owner-occupied properties | $370,035 |
| Commercial real estate & other non-farm, non-residential | $998,358 |
| Multifamily residential real estate | $163,334 |
| 1-4 family residential loans | $261,412 |
| Farmland loans | $22,618 |
| Loans held in foreign offices | $0 |
| Farm loans | $4,724 |
| Commercial and industrial loans | $200,010 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $49,499 |
| Credit card loans | $0 |
| Related Plans | $1,837 |
| Consumer Auto Loans | $29,578 |
| Other loans to individuals | $18,084 |
| All other loans & leases | $54,180 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $23,003 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $5,480 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $2,099 |
| Non 1-4 family restructured loans & leases | $1,687 |
| Total loans and leases (foreign) | $0 |
Bank of Marin had $2,232,622,000 of loans outstanding in 2021. $1,947,232,000 of loans were in real estate loans. $131,475,000 of loans were in development loans. $163,334,000 of loans were in multifamily mortgage loans. $261,412,000 of loans were in 1-4 family mortgage loans. $4,724,000 of loans were in farm loans. $0 of loans were in credit card loans. $29,578,000 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 | 463 | $203,353 | $439,207 |
| Nonfarm, nonresidential loans - <$100k | 15 | $457 | $30,467 |
| Nonfarm, nonresidential loans - $100-250k | 66 | $8,388 | $127,091 |
| Nonfarm, nonresidential loans - $250k-1MM | 382 | $194,508 | $509,183 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,595 | $91,222 | $57,192 |
| Commercial & Industrial, US addressed loans - <$100k | 1,160 | $8,320 | $7,172 |
| Commercial & Industrial, US addressed loans - $100-250k | 205 | $19,644 | $95,824 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 230 | $63,258 | $275,035 |
| Farmland loans - <$1MM | 4 | $821 | $205,250 |
| Farmland loans - $100-250k | 1 | $5 | $5,000 |
| Farmland loans - $250k-1MM | 3 | $816 | $272,000 |
| Agriculture operations loans - <$1MM | 17 | $2,426 | $142,706 |
| Agriculture operations loans - <$100k | 2 | $13 | $6,500 |
| Agriculture operations loans - $100-250k | 7 | $882 | $126,000 |
| Agriculture operations loans - $250k-1MM | 8 | $1,531 | $191,375 |