Marine Bank & Trust Company Mortgage Rates, Fees & Info

Vero Beach, FL

LEI: 549300HJSQXR32ZGFP55

Tax ID: 65-0644585

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Marine Bank & Trust Company is a smaller bank specializing in Home Purchase loans. Marine Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Sebastian, Palm Bay, Port St. Lucie, Okeechobee, and Deltona among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Marine Bank & Trust Company 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. They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    98

    Origination Dollar Volume (All Markets)

    $56,660,000

    Employee count

    78

    Top 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
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 54 $32,800,000 $607,407 $0 3.93%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 23 $11,375,000 $494,565 $0 4.16%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 16 $7,870,000 $491,875 $0 3.99%
    Okeechobee, FL (FHA|USDA|VA) 1 $1,705,000 $1,705,000 $0 4.75%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $985,000 $985,000 $0 4.38%
    Cullowhee, NC (FHA|USDA|VA) 1 $765,000 $765,000 $0 2.50%
    Key West, FL (FHA|USDA|VA) 1 $635,000 $635,000 $0 3.38%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $525,000 $525,000 $0 3.75%
    Marine Bank & Trust Company's top markets include Sebastian, Palm Bay, Port St. Lucie, Okeechobee, and Deltona among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Marine Bank & Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    TrustCo Bank
    Similarity Rank: 448
    Seacoast National Bank
    Similarity Rank: 812
    SHELTER MORTGAGE COMPANY, L.L.C.
    Similarity Rank: 1026
    GROUP ONE MORTGAGE, INC.
    Similarity Rank: 1260
    HARBORONE MORTGAGE, LLC
    Similarity Rank: 1280
    MIDFLORIDA
    Similarity Rank: 1650
    SPACE COAST Credit Union
    Similarity Rank: 1674
    PULTE MORTGAGE LLC
    Similarity Rank: 2016
    Mortgage Lenders Investment Trading Corporation
    Similarity Rank: 3024
    NVR Mortgage Finance, Inc.
    Similarity Rank: 4896

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 98 $56,660,000 $578,163 $0 3.99%

    For 2021, Marine Bank & Trust Company's most frequently originated type of loan was Conventional, with 98 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 71 $39,075,000 $550,352 $0 4.02%
    Cash Out Refi 13 $9,745,000 $749,615 $0 3.59%
    Refi 9 $4,505,000 $500,556 $0 3.90%
    Other 3 $3,235,000 $1,078,333 $0 4.38%
    Home Improvement 2 $100,000 $50,000 $0 5.12%

    For 2021, Marine Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 71 originations. The 2nd most popular reason was Cash Out Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 61 $39,825,000 $652,869 $0 3.76%
    20 Year 20 $8,450,000 $422,500 $0 4.47%
    15 Year 7 $3,425,000 $489,286 $0 4.27%
    30+ year 6 $3,840,000 $640,000 $0 4.23%
    Other 3 $1,095,000 $365,000 $0 4.25%
    10 Year 1 $25,000 $25,000 $0 3.88%

    For 2021, Marine Bank & Trust Company's most frequently cited loan duration was 30 Year, with 61 originations. The 2nd most popular length was 20 Year, with 20 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 53 $31,395,000 $592,358
    3-4% 31 $19,345,000 $624,032
    2.5-3% 10 $4,230,000 $423,000
    <2.5% 2 $1,250,000 $625,000
    5-6% 1 $365,000 $365,000
    6-7% 1 $75,000 $75,000

    During 2021, Marine Bank & Trust Company's average interest rate for loans was 3.76%, while their most frequently originated rate bucket for loans was 4-5%, with 53 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 26 $7,460,000 $286,923 $0 4.11%
    $400k-600k 19 $9,235,000 $486,053 $0 3.88%
    $600k-1MM 18 $14,200,000 $788,889 $0 3.86%
    $1MM+ 17 $23,325,000 $1,372,059 $0 4.01%
    $100k-200k 14 $2,190,000 $156,429 $0 3.92%
    $100,000 or less 4 $250,000 $62,500 $0 4.31%

    2021 saw Marine Bank & Trust Company place emphasis on $200k-400k loans with 26 originations, totaling $7,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 33 $28,455,000 $862,273 $0 3.80%
    $150k-250k 18 $9,170,000 $509,444 $0 3.67%
    $100k-150k 9 $4,255,000 $472,778 $0 3.92%
    $50k-75k 7 $1,555,000 $222,143 $0 3.79%
    $75k-100k 6 $1,210,000 $201,667 $0 4.41%
    $50k or less 1 $235,000 $235,000 $0 4.13%

    Marine Bank & Trust Company lent most frequently to those with incomes in the $250k+ range, with 33 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
    20-30% 25 $13,025,000 $521,000 $0 3.61%
    <20% 15 $12,015,000 $801,000 $0 3.64%
    30-36% 14 $8,520,000 $608,571 $0 3.86%
    42% 3 $2,225,000 $741,667 $0 4.33%
    36% 3 $625,000 $208,333 $0 4.41%
    50-60% 3 $1,695,000 $565,000 $0 4.21%
    >60% 2 $2,010,000 $1,005,000 $0 4.06%
    40% 1 $215,000 $215,000 $0 4.25%
    37% 1 $965,000 $965,000 $0 3.25%
    44% 1 $265,000 $265,000 $0 4.25%
    45% 1 $235,000 $235,000 $0 4.13%
    46% 1 $345,000 $345,000 $0 4.13%
    47% 1 $1,005,000 $1,005,000 $0 4.00%
    49% 1 $205,000 $205,000 $0 4.75%
    39% 1 $2,005,000 $2,005,000 $0 4.13%
    38% 1 $65,000 $65,000 $0 3.00%

    Marine Bank & Trust Company lent most frequently to those with DTI ratios of 20-30%, with 25 originations. The next most common DTI ratio? <20%, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 70 $41,610,000 $594,429 $0 3.82%
    Not applicable 22 $10,470,000 $475,909 $0 4.49%
    Not provided 5 $3,375,000 $675,000 $0 4.08%
    Asian 1 $1,205,000 $1,205,000 $0 4.25%

    Approval Rates

    Total approvals of all applications
    91.27%

    Marine Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.67%

    Marine Bank & Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 98 $56,660,000 $578,163

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    98 $56,660,000 $578,163

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Marine Bank & Trust Company 1020 U.S. Highway 1 Sebastian, FL 32958 Full Service B&M $49,705
    Marine Bank & Trust Company 1450 Us Highway #1 Vero Beach, FL 32960 Full Service B&M $107,613
    Marine Bank & Trust Company 3303 Suntree Boulevard Melbourne, FL 32940 Full Service B&M $26,989
    Marine Bank & Trust Company 571 Beachland Boulevard Vero Beach, FL 32963 Full Service B&M $269,192

    For 2021, Marine Bank & Trust Company had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,044
    Net interest income $16,634
    Total noninterest income $2,785
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $345
    Trading account gains and fees $0
    Additional Noninterest Income $2,440
    Pre-tax net operating income $6,459
    Securities gains (or losses, -) $0
    Income before extraordinary items $5,068
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,068
    Minority interest net income $0
    Net income $5,068
    Sale, conversion, retirement of capital stock, net $138
    Net operating income $5,068

    Marine Bank & Trust Company's gross interest income from loans was $17,044,000.
    Marine Bank & Trust Company's net interest income from loans was $16,634,000.
    Marine Bank & Trust Company's fee based income from loans was $345,000.
    Marine Bank & Trust Company's net income from loans was $5,068,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $410
    Provision for credit losses $780
    Total noninterest expense $12,180
    Salaries and employee benefits $7,340
    Premises and equipment expense $1,166
    Additional noninterest expense $3,674
    Applicable income taxes $1,391
    Net charge-offs $-116
    Cash dividends $0

    Marine Bank & Trust Company's interest expense for loans was $410,000.
    Marine Bank & Trust Company's payroll and benefits expense were $7,340,000.
    Marine Bank & Trust Company's property, plant and equipment expenses $1,166,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $503,203
    Deposits held in domestic offices $503,203
    Deposits by Individuals, partnerships, and corporations $484,840
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $18,362
    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 $254,689
    Demand deposits $201,807
    Nontransaction accounts $248,513
    Money market deposit accounts (MMDAs) $203,937
    Other savings deposits (excluding MMDAs) $17,682
    Total time deposits $26,895
    Total time and savings deposits $301,395
    Noninterest-bearing deposits $182,077
    Interest-bearing deposits $321,126
    Retail deposits $494,744
    IRAs and Keogh plan accounts $3,503
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $547,293
    Cash & Balances due from depository institutions $100,130
    Interest-bearing balances $92,615
    Total securities $103,823
    Federal funds sold & reverse repurchase $0
    Net loans and leases $325,813
    Loan and leases loss allowance $4,533
    Trading account assets $0
    Bank premises and fixed assets $6,521
    Other real estate owned $0
    Goodwill and other intangibles $9
    All other assets $10,997

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $547,293
    Total Liabilities $504,799
    Total deposits $503,203
    Interest-bearing deposits $321,126
    Deposits held in domestic offices $503,203
    % insured (estimated) $58
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,596

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $325,813
    Loan and leases loss allowance $4,533
    Total loans and leases (domestic) $330,346
    All real estate loans $305,385
    Real estate loans in domestic offices $305,385
    Construction and development loans $12,509
    Residential 1-4 family construction $2,484
    Other construction, all land development and other land $10,025
    Loans secured by nonfarm nonresidential properties $143,343
    Nonfarm nonresidential secured by owner-occupied properties $66,853
    Commercial real estate & other non-farm, non-residential $76,490
    Multifamily residential real estate $6,246
    1-4 family residential loans $140,039
    Farmland loans $3,248
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $23,332
    To non-U.S. addressees $0
    Loans to individuals $1,018
    Credit card loans $0
    Related Plans $37
    Consumer Auto Loans $500
    Other loans to individuals $481
    All other loans & leases $610
    Loans to foreign governments and official institutions $0
    Other loans $511
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $639
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Marine Bank & Trust Company had $325,813,000 of loans outstanding in 2021. $305,385,000 of loans were in real estate loans. $12,509,000 of loans were in development loans. $6,246,000 of loans were in multifamily mortgage loans. $140,039,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $500,000 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 207 $58,280 $281,546
    Nonfarm, nonresidential loans - <$100k 18 $666 $37,000
    Nonfarm, nonresidential loans - $100-250k 68 $9,093 $133,721
    Nonfarm, nonresidential loans - $250k-1MM 121 $48,521 $401,000
    Commercial & Industrial, US addressed loans - <$1MM 194 $17,034 $87,804
    Commercial & Industrial, US addressed loans - <$100k 134 $4,551 $33,963
    Commercial & Industrial, US addressed loans - $100-250k 38 $5,133 $135,079
    Commercial & Industrial, US addressed loans - $250k-1MM 22 $7,350 $334,091
    Farmland loans - <$1MM 4 $904 $226,000
    Farmland loans - $100-250k 2 $235 $117,500
    Farmland loans - $250k-1MM 2 $669 $334,500