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, Los Angeles, Atlanta, San Diego, and Riverside among others. We have data for 9 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
129Origination Dollar Volume (All Markets)
$65,105,000Employee count
240Top 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) | 108 | $54,380,000 | $503,519 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 8 | $6,260,000 | $782,500 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $2,180,000 | $363,333 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 0.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 129 | $65,105,000 | $504,690 | $0 | 0.00% |
For 2021, Shinhan Bank America's most frequently originated type of loan was Conventional, with 129 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 109 | $56,745,000 | $520,596 | $0 | 0.00% |
| Refi | 18 | $7,540,000 | $418,889 | $0 | 0.00% |
| Cash Out Refi | 2 | $820,000 | $410,000 | $0 | 0.00% |
For 2021, Shinhan Bank America's most frequently cited loan purpose was Home Purchase, with 109 originations. The 2nd most popular reason was Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 129 | $65,105,000 | $504,690 | $0 | 0.00% |
For 2021, Shinhan Bank America's most frequently cited loan duration was Other, with 129 originations.
Loan Sizing
2021 saw Shinhan Bank America place emphasis on $200k-400k loans with 46 originations, totaling $14,050,000 in origination value.
Applicant Income
Shinhan Bank America lent most frequently to those with incomes in the $100k-150k range, with 45 originations. The second most popular income band? $150k-250k, with 30 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 129 | $65,105,000 | $504,690 | $0 | 0.00% |
Shinhan Bank America lent most frequently to those with DTI ratios of Exempt%, with 129 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.94%
Shinhan Bank America has an average approval rate.
Pick Rate
Approvals leading to origination74.42%
Shinhan Bank America has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 129 | $65,105,000 | $504,690 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| snw investments | Conventional home mortgage | Applying for a mortgage or refinancing an existing 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 | $85,570 |
| Shinhan Bank America | 10500 Old Alabama Road Connector Alpharetta, GA 30022 | Full Service B&M | $121,753 |
| Shinhan Bank America | 136-20 38th Avenue, Unit G-A Flushing, NY 11354 | Full Service B&M | $51,643 |
| Shinhan Bank America | 150-29 Northern Blvd Flushing, NY 11354 | Full Service B&M | $34,805 |
| Shinhan Bank America | 211-11 Northern Boulevard Bayside, NY 11361 | Full Service B&M | $80,431 |
| Shinhan Bank America | 2170 Pleasant Hill Road Duluth, GA 30096 | Full Service B&M | $260,130 |
| Shinhan Bank America | 2174 Royal Lane Dallas, TX 75229 | Full Service B&M | $57,004 |
| Shinhan Bank America | 222 Main Street Fort Lee, NJ 7024 | Full Service B&M | $93,764 |
| Shinhan Bank America | 22501 Crenshaw Boulevard, Suite 400 & 500 Torrance, CA 90501 | Full Service B&M | $68,864 |
| Shinhan Bank America | 252-20 Northern Blvd. Little Neck, NY 11362 | Full Service B&M | $57,467 |
| Shinhan Bank America | 2730 Alton Parkway Irvine, CA 92606 | Full Service B&M | $145,161 |
| Shinhan Bank America | 3000 West Olympic Boulevard Los Angeles, CA 90006 | Full Service B&M | $201,324 |
| Shinhan Bank America | 313 Fifth Avenue New York, NY 10016 | Full Service B&M | $97,280 |
| Shinhan Bank America | 3904 Convoy Street, Suites 123 And 124 San Diego, CA 92111 | Full Service B&M | $117,755 |
| Shinhan Bank America | 475 Park Ave S, 4th Floor New York, NY 10016 | Full Service B&M | $31,061 |
| Shinhan Bank America | 5450 Beach Boulevard Buena Park, CA 90621 | Full Service B&M | $128,108 |
For 2021, Shinhan Bank America had 16 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $63,298 |
| Net interest income | $58,409 |
| Total noninterest income | $4,887 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $237 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $4,650 |
| Pre-tax net operating income | $6,528 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $3,899 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,899 |
| Minority interest net income | $0 |
| Net income | $3,899 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,899 |
Shinhan Bank America's gross interest income from loans was $63,298,000.
Shinhan Bank America's net interest income from loans was $58,409,000.
Shinhan Bank America's fee based income from loans was $237,000.
Shinhan Bank America's net income from loans was $3,899,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,889 |
| Provision for credit losses | $0 |
| Total noninterest expense | $56,768 |
| Salaries and employee benefits | $26,096 |
| Premises and equipment expense | $9,890 |
| Additional noninterest expense | $20,782 |
| Applicable income taxes | $2,629 |
| Net charge-offs | $-293 |
| Cash dividends | $0 |
Shinhan Bank America's interest expense for loans was $4,889,000.
Shinhan Bank America's payroll and benefits expense were $26,096,000.
Shinhan Bank America's property, plant and equipment expenses $9,890,000.
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 | 1.0% |
| 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 | $1,689,968 |
| Deposits held in domestic offices | $1,689,968 |
| Deposits by Individuals, partnerships, and corporations | $1,689,816 |
| 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 | $152 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $858,619 |
| Demand deposits | $858,619 |
| Nontransaction accounts | $831,349 |
| Money market deposit accounts (MMDAs) | $199,722 |
| Other savings deposits (excluding MMDAs) | $40,673 |
| Total time deposits | $590,953 |
| Total time and savings deposits | $831,349 |
| Noninterest-bearing deposits | $850,381 |
| Interest-bearing deposits | $839,587 |
| Retail deposits | $1,553,416 |
| IRAs and Keogh plan accounts | $7,597 |
| Brokered deposits | $30,000 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,919,589 |
| Cash & Balances due from depository institutions | $279,511 |
| Interest-bearing balances | $276,259 |
| Total securities | $85,393 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,526,393 |
| Loan and leases loss allowance | $11,000 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $12,327 |
| Other real estate owned | $426 |
| Goodwill and other intangibles | $929 |
| All other assets | $14,610 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,919,589 |
| Total Liabilities | $1,699,827 |
| Total deposits | $1,689,968 |
| Interest-bearing deposits | $839,587 |
| Deposits held in domestic offices | $1,689,968 |
| % insured (estimated) | $63 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $9,859 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,526,393 |
| Loan and leases loss allowance | $11,000 |
| Total loans and leases (domestic) | $1,537,393 |
| All real estate loans | $1,226,059 |
| Real estate loans in domestic offices | $1,226,059 |
| Construction and development loans | $6,054 |
| Residential 1-4 family construction | $0 |
| Other construction, all land development and other land | $6,054 |
| Loans secured by nonfarm nonresidential properties | $928,888 |
| Nonfarm nonresidential secured by owner-occupied properties | $293,091 |
| Commercial real estate & other non-farm, non-residential | $635,797 |
| Multifamily residential real estate | $12,195 |
| 1-4 family residential loans | $278,922 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $265,543 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,688 |
| Credit card loans | $1,211 |
| Related Plans | $1,346 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $131 |
| All other loans & leases | $45,074 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $74 |
| Loans to depository institutions and acceptances of other banks | $45,000 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $426 |
| Non 1-4 family restructured loans & leases | $426 |
| Total loans and leases (foreign) | $0 |
Shinhan Bank America had $1,526,393,000 of loans outstanding in 2021. $1,226,059,000 of loans were in real estate loans. $6,054,000 of loans were in development loans. $12,195,000 of loans were in multifamily mortgage loans. $278,922,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $1,211,000 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 | 275 | $108,681 | $395,204 |
| Nonfarm, nonresidential loans - <$100k | 9 | $691 | $76,778 |
| Nonfarm, nonresidential loans - $100-250k | 41 | $5,944 | $144,976 |
| Nonfarm, nonresidential loans - $250k-1MM | 225 | $102,046 | $453,538 |
| Commercial & Industrial, US addressed loans - <$1MM | 631 | $83,792 | $132,792 |
| Commercial & Industrial, US addressed loans - <$100k | 344 | $14,087 | $40,951 |
| Commercial & Industrial, US addressed loans - $100-250k | 138 | $15,585 | $112,935 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 149 | $54,120 | $363,221 |