Shinhan Bank America Mortgage Rates, Fees & Info
New York, NYLEI: 549300EZ060LDD77JC03
Tax ID: 13-3581762
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Mortgage Data
Bank Data
Review & Overview
Shinhan Bank America is a smaller bank specializing in Home Purchase loans. Shinhan Bank America has a high proportion of conventional loans. Their top markets by origination volume include: New York, Atlanta, Los Angeles, San Diego, and Dallas among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Shinhan Bank America 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
94Origination Dollar Volume (All Markets)
$39,300,000Employee count
257Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 34 | $17,920,000 | $527,059 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 29 | $8,635,000 | $297,759 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 10 | $4,890,000 | $489,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 8 | $4,390,000 | $548,750 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 11 | $2,615,000 | $237,727 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 0.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 94 | $39,300,000 | $418,085 | $0 | 0.00% |
For 2018, Shinhan Bank America's most frequently originated type of loan was Conventional, with 94 originations.
Loan Reason
For 2018, Shinhan Bank America's most frequently cited loan purpose was Home Purchase, with 79 originations. The 2nd most popular reason was Cash Out Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 94 | $39,300,000 | $418,085 | $0 | 0.00% |
For 2018, Shinhan Bank America's most frequently cited loan duration was Other, with 94 originations.
Loan Sizing
2018 saw Shinhan Bank America place emphasis on $200k-400k loans with 32 originations, totaling $9,250,000 in origination value.
Applicant Income
Shinhan Bank America lent most frequently to those with incomes in the $100k-150k range, with 27 originations. The second most popular income band? $150k-250k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 94 | $39,300,000 | $418,085 | $0 | 0.00% |
Shinhan Bank America lent most frequently to those with DTI ratios of Exempt%, with 94 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Asian | 89 | $32,965,000 | $370,393 | $0 | 0.00% |
| Not applicable | 5 | $6,335,000 | $1,267,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.52%
Shinhan Bank America has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination76.60%
Shinhan Bank America has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 94 | $39,300,000 | $418,085 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 3 | $5,625,000 | $1,875,000 |
| Single Family (1-4 Units):Site-Built | 91 | $33,675,000 | $370,055 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| snw investments | Other type of mortgage | Closing on a mortgage | 1 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Shinhan Bank America | 101 Broad Avenue Palisades Park, NJ 7650 | Full Service B&M | $57,117 |
| Shinhan Bank America | 10500 Old Alabama Road Connector Alpharetta, GA 30022 | Full Service B&M | $57,019 |
| Shinhan Bank America | 136-20 38th Avenue Flushing, NY 11354 | Full Service B&M | $65,393 |
| Shinhan Bank America | 150-29 Northern Blvd Flushing, NY 11354 | Full Service B&M | $35,712 |
| Shinhan Bank America | 211-11 Northern Boulevard Bayside, NY 11361 | Full Service B&M | $56,253 |
| Shinhan Bank America | 2170 Pleasant Hill Road Duluth, GA 30096 | Full Service B&M | $86,115 |
| Shinhan Bank America | 2174 Royal Lane Dallas, TX 75229 | Full Service B&M | $74,128 |
| Shinhan Bank America | 222 Main Street Fort Lee, NJ 7024 | Full Service B&M | $68,038 |
| Shinhan Bank America | 22501 Crenshaw Boulevard Torrance, CA 90501 | Full Service B&M | $34,569 |
| Shinhan Bank America | 252-20 Northern Blvd. Little Neck, NY 11362 | Full Service B&M | $20,961 |
| Shinhan Bank America | 2730 Alton Parkway Irvine, CA 92606 | Full Service B&M | $124,752 |
| Shinhan Bank America | 3000 West Olympic Boulevard Los Angeles, CA 90006 | Full Service B&M | $156,934 |
| Shinhan Bank America | 313 Fifth Avenue New York, NY 10016 | Full Service B&M | $123,684 |
| Shinhan Bank America | 330 Fifth Avenue, 4th Floor New York, NY 10001 | Full Service B&M | $86,446 |
| Shinhan Bank America | 3904 Convoy Street, Suites 123 And 124 San Diego, CA 92111 | Full Service B&M | $58,165 |
| Shinhan Bank America | 5450 Beach Boulevard Buena Park, CA 90621 | Full Service B&M | $97,520 |
For 2018, Shinhan Bank America had 16 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $58,026 |
| Net interest income | $47,852 |
| Total noninterest income | $4,969 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $705 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $4,264 |
| Pre-tax net operating income | $2,169 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $1,526 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,526 |
| Minority interest net income | $0 |
| Net income | $1,526 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $1,526 |
Shinhan Bank America's gross interest income from loans was $58,026,000.
Shinhan Bank America's net interest income from loans was $47,852,000.
Shinhan Bank America's fee based income from loans was $705,000.
Shinhan Bank America's net income from loans was $1,526,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $10,174 |
| Provision for credit losses | $0 |
| Total noninterest expense | $50,652 |
| Salaries and employee benefits | $22,341 |
| Premises and equipment expense | $7,559 |
| Additional noninterest expense | $20,752 |
| Applicable income taxes | $643 |
| Net charge-offs | $528 |
| Cash dividends | $0 |
Shinhan Bank America's interest expense for loans was $10,174,000.
Shinhan Bank America's payroll and benefits expense were $22,341,000.
Shinhan Bank America's property, plant and equipment expenses $7,559,000.
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 | $1,199,045 |
| Deposits held in domestic offices | $1,199,045 |
| Deposits by Individuals, partnerships, and corporations | $1,187,115 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $0 |
| Deposits by Commercial banks and other depository institutions in U.S. | $0 |
| Deposits by Banks in foreign countries | $11,930 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $457,921 |
| Demand deposits | $452,315 |
| Nontransaction accounts | $741,124 |
| Money market deposit accounts (MMDAs) | $121,170 |
| Other savings deposits (excluding MMDAs) | $26,402 |
| Total time deposits | $593,552 |
| Total time and savings deposits | $746,730 |
| Noninterest-bearing deposits | $451,650 |
| Interest-bearing deposits | $747,395 |
| Retail deposits | $1,102,239 |
| IRAs and Keogh plan accounts | $7,521 |
| Brokered deposits | $35,608 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,422,948 |
| Cash & Balances due from depository institutions | $87,831 |
| Interest-bearing balances | $83,842 |
| Total securities | $47,068 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,265,256 |
| Loan and leases loss allowance | $8,006 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $9,135 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $273 |
| All other assets | $13,385 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,422,948 |
| Total Liabilities | $1,210,242 |
| Total deposits | $1,199,045 |
| Interest-bearing deposits | $747,395 |
| Deposits held in domestic offices | $1,199,045 |
| % insured (estimated) | $77 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $11,197 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,265,256 |
| Loan and leases loss allowance | $8,006 |
| Total loans and leases (domestic) | $1,273,262 |
| All real estate loans | $1,009,290 |
| Real estate loans in domestic offices | $1,009,290 |
| Construction and development loans | $3,262 |
| Residential 1-4 family construction | $0 |
| Other construction, all land development and other land | $3,262 |
| Loans secured by nonfarm nonresidential properties | $767,525 |
| Nonfarm nonresidential secured by owner-occupied properties | $278,510 |
| Commercial real estate & other non-farm, non-residential | $489,015 |
| Multifamily residential real estate | $16,719 |
| 1-4 family residential loans | $219,904 |
| Farmland loans | $1,880 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $261,284 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $3,161 |
| Credit card loans | $997 |
| Related Plans | $1,694 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $470 |
| All other loans & leases | $327 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $327 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $1,098 |
| Non 1-4 family restructured loans & leases | $1,006 |
| Total loans and leases (foreign) | $0 |
Shinhan Bank America had $1,265,256,000 of loans outstanding in 2018. $1,009,290,000 of loans were in real estate loans. $3,262,000 of loans were in development loans. $16,719,000 of loans were in multifamily mortgage loans. $219,904,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $997,000 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 | 279 | $119,935 | $429,875 |
| Nonfarm, nonresidential loans - <$100k | 6 | $457 | $76,167 |
| Nonfarm, nonresidential loans - $100-250k | 42 | $5,725 | $136,310 |
| Nonfarm, nonresidential loans - $250k-1MM | 231 | $113,753 | $492,437 |
| Commercial & Industrial, US addressed loans - <$1MM | 584 | $97,262 | $166,545 |
| Commercial & Industrial, US addressed loans - <$100k | 295 | $14,456 | $49,003 |
| Commercial & Industrial, US addressed loans - $100-250k | 128 | $16,586 | $129,578 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 161 | $66,220 | $411,304 |