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, Port St. Lucie, Miami, Palm Bay, and Orlando among others. We have data for 6 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. Marine Bank & Trust Company is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) 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

    89

    Origination Dollar Volume (All Markets)

    $49,535,000

    Employee count

    59

    Awards

    Marine Bank & Trust Company 30 Year Conventional Loans silver
    Show all (1) awards

    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) 75 $43,295,000 $577,267 $5,146 4.78%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 5 $2,855,000 $571,000 $6,794 5.53%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $1,200,000 $600,000 $6,907 5.06%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 5 $1,125,000 $225,000 $3,056 5.13%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $585,000 $585,000 $5,700 4.88%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $475,000 $475,000 $6,138 4.25%
    Marine Bank & Trust Company's top markets include Sebastian, Port St. Lucie, Miami, Palm Bay, and Orlando among others.

    Their top states include:
  • Florida (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.

    Marine Bank & Trust Company
    Similarity Rank: 210
    SPACE COAST Credit Union
    Similarity Rank: 252
    GROUP ONE MORTGAGE, INC.
    Similarity Rank: 406
    PULTE MORTGAGE LLC
    Similarity Rank: 682
    Seacoast National Bank
    Similarity Rank: 800
    TD Bank
    Similarity Rank: 1872
    DHI MORTGAGE COMPANY, LTD.
    Similarity Rank: 2080
    NP, Inc.
    Similarity Rank: 2120
    South State Bank
    Similarity Rank: 2706
    SUNTRUST MORTGAGE, INC
    Similarity Rank: 3087

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 89 $49,535,000 $556,573 $5,098 4.84%

    For 2018, Marine Bank & Trust Company's most frequently originated type of loan was Conventional, with 89 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 61 $33,325,000 $546,311 $5,320 4.73%
    Cash Out Refi 15 $9,795,000 $653,000 $5,081 4.97%
    Refi 9 $4,665,000 $518,333 $4,203 5.13%
    Home Improvement 2 $120,000 $60,000 $562 5.75%
    Other 2 $1,630,000 $815,000 $6,231 5.31%

    For 2018, Marine Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 61 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 68 $41,400,000 $608,824 $5,372 4.62%
    Other 10 $5,280,000 $528,000 $15,224 5.62%
    15 Year 8 $2,100,000 $262,500 $2,539 5.42%
    10 Year 2 $200,000 $100,000 $1,234 5.25%
    3 Year 1 $555,000 $555,000 $4,497 6.99%

    For 2018, Marine Bank & Trust Company's most frequently cited loan duration was 30 Year, with 68 originations. The 2nd most popular length was Other, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 73 $40,795,000 $558,836
    $2k-3k 5 $4,365,000 $873,000
    $3k-4k 1 $705,000 $705,000

    Marine Bank & Trust Company's average total fees were $5,372, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 73 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 64 $42,610,000 $665,781
    5-6% 18 $4,290,000 $238,333
    6-7% 4 $840,000 $210,000
    3-4% 3 $1,795,000 $598,333

    During 2018, Marine Bank & Trust Company's average interest rate for loans was 4.62%, while their most frequently originated rate bucket for loans was 4-5%, with 64 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 19 $2,895,000 $152,368 $3,204 5.03%
    $400k-600k 17 $8,385,000 $493,235 $5,106 4.91%
    $200k-400k 16 $4,350,000 $271,875 $3,592 4.69%
    $1MM+ 14 $23,470,000 $1,676,429 $10,178 4.63%
    $600k-1MM 13 $9,785,000 $752,692 $6,380 4.56%
    $100,000 or less 10 $650,000 $65,000 $1,762 5.31%

    2018 saw Marine Bank & Trust Company place emphasis on $100k-200k loans with 19 originations, totaling $2,895,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 37 $34,135,000 $922,568 $6,750 4.66%
    $150k-250k 21 $7,495,000 $356,905 $4,285 4.83%
    $100k-150k 9 $2,445,000 $271,667 $3,419 4.82%
    $75k-100k 8 $1,460,000 $182,500 $3,263 4.80%
    $50k-75k 4 $510,000 $127,500 $2,849 4.78%
    $50k or less 2 $170,000 $85,000 $2,063 5.44%

    Marine Bank & Trust Company lent most frequently to those with incomes in the $250k+ range, with 37 originations. The second most popular income band? $150k-250k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 21 $11,125,000 $529,762 $4,828 4.93%
    30-36% 16 $7,210,000 $450,625 $4,698 4.84%
    <20% 15 $10,435,000 $695,667 $4,835 4.48%
    43% 7 $5,235,000 $747,857 $6,088 4.66%
    37% 5 $2,425,000 $485,000 $4,811 4.65%
    39% 4 $1,550,000 $387,500 $5,199 4.59%
    40% 3 $1,325,000 $441,667 $4,509 4.54%
    41% 2 $1,030,000 $515,000 $5,209 4.88%
    42% 1 $145,000 $145,000 $3,677 4.88%
    36% 1 $265,000 $265,000 $3,593 4.75%
    44% 1 $2,305,000 $2,305,000 $13,827 4.38%
    49% 1 $1,295,000 $1,295,000 $8,836 4.75%
    50-60% 1 $1,505,000 $1,505,000 $13,203 4.50%
    38% 1 $195,000 $195,000 $3,752 4.63%
    >60% 1 $25,000 $25,000 $449 6.00%

    Marine Bank & Trust Company lent most frequently to those with DTI ratios of 20-30%, with 21 originations. The next most common DTI ratio? 30-36%, with 16 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 76 $45,430,000 $597,763 $5,226 4.72%
    Not applicable 8 $3,320,000 $415,000 $0 5.72%
    Black 2 $270,000 $135,000 $3,157 4.88%
    Asian 1 $265,000 $265,000 $3,593 4.75%
    Not provided 2 $250,000 $125,000 $749 6.13%

    Approval Rates

    Total approvals of all applications
    95.45%

    Marine Bank & Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    82.02%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 89 $49,535,000 $556,573

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $2,045,000 $409,000
    Single Family (1-4 Units):Site-Built 84 $47,490,000 $565,357

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $4,140,000 $517,500 $4,393 4.80%
    40-60% 20 $14,200,000 $710,000 $6,212 4.92%
    60-80% 46 $22,550,000 $490,217 $5,265 4.81%
    80-100% 11 $7,445,000 $676,818 $4,486 4.58%
    Under 20% 4 $1,200,000 $300,000 $2,020 5.63%

    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 $26,463
    Marine Bank & Trust Company 1450 Us Highway #1 Vero Beach, FL 32960 Full Service B&M $68,222
    Marine Bank & Trust Company 3303 Suntree Boulevard Melbourne, FL 32940 Full Service B&M $6,877
    Marine Bank & Trust Company 571 Beachland Boulevard Vero Beach, FL 32963 Full Service B&M $143,982

    For 2018, Marine Bank & Trust Company had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,449
    Net interest income $9,115
    Total noninterest income $1,109
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $215
    Trading account gains and fees $0
    Additional Noninterest Income $894
    Pre-tax net operating income $1,589
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,168
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,168
    Minority interest net income $0
    Net income $1,168
    Sale, conversion, retirement of capital stock, net $14
    Net operating income $1,168

    Marine Bank & Trust Company's gross interest income from loans was $10,449,000.
    Marine Bank & Trust Company's net interest income from loans was $9,115,000.
    Marine Bank & Trust Company's fee based income from loans was $215,000.
    Marine Bank & Trust Company's net income from loans was $1,168,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,334
    Provision for credit losses $450
    Total noninterest expense $8,185
    Salaries and employee benefits $4,622
    Premises and equipment expense $898
    Additional noninterest expense $2,665
    Applicable income taxes $421
    Net charge-offs $479
    Cash dividends $0

    Marine Bank & Trust Company's interest expense for loans was $1,334,000.
    Marine Bank & Trust Company's payroll and benefits expense were $4,622,000.
    Marine Bank & Trust Company's property, plant and equipment expenses $898,000.

    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 $245,775
    Deposits held in domestic offices $245,775
    Deposits by Individuals, partnerships, and corporations $237,063
    Deposits by U.S. Government $26
    Deposits by States and political subdivisions in the U.S. $8,586
    Deposits by Commercial banks and other depository institutions in U.S. $100
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $102,370
    Demand deposits $76,532
    Nontransaction accounts $143,405
    Money market deposit accounts (MMDAs) $93,395
    Other savings deposits (excluding MMDAs) $8,448
    Total time deposits $41,562
    Total time and savings deposits $169,243
    Noninterest-bearing deposits $71,896
    Interest-bearing deposits $173,879
    Retail deposits $236,229
    IRAs and Keogh plan accounts $4,058
    Brokered deposits $200
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $269,642
    Cash & Balances due from depository institutions $14,272
    Interest-bearing balances $9,534
    Total securities $31,344
    Federal funds sold & reverse repurchase $0
    Net loans and leases $216,021
    Loan and leases loss allowance $2,367
    Trading account assets $0
    Bank premises and fixed assets $5,788
    Other real estate owned $0
    Goodwill and other intangibles $136
    All other assets $2,081

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $269,642
    Total Liabilities $246,690
    Total deposits $245,775
    Interest-bearing deposits $173,879
    Deposits held in domestic offices $245,775
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $915

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $216,021
    Loan and leases loss allowance $2,367
    Total loans and leases (domestic) $218,388
    All real estate loans $202,777
    Real estate loans in domestic offices $202,777
    Construction and development loans $6,034
    Residential 1-4 family construction $3,237
    Other construction, all land development and other land $2,797
    Loans secured by nonfarm nonresidential properties $57,412
    Nonfarm nonresidential secured by owner-occupied properties $26,062
    Commercial real estate & other non-farm, non-residential $31,350
    Multifamily residential real estate $1,456
    1-4 family residential loans $137,705
    Farmland loans $170
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $14,259
    To non-U.S. addressees $0
    Loans to individuals $588
    Credit card loans $0
    Related Plans $37
    Consumer Auto Loans $154
    Other loans to individuals $397
    All other loans & leases $764
    Loans to foreign governments and official institutions $0
    Other loans $764
    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 $961
    Non 1-4 family restructured loans & leases $961
    Total loans and leases (foreign) $0

    Marine Bank & Trust Company had $216,021,000 of loans outstanding in 2018. $202,777,000 of loans were in real estate loans. $6,034,000 of loans were in development loans. $1,456,000 of loans were in multifamily mortgage loans. $137,705,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $154,000 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 103 $30,559 $296,689
    Nonfarm, nonresidential loans - <$100k 7 $233 $33,286
    Nonfarm, nonresidential loans - $100-250k 31 $3,680 $118,710
    Nonfarm, nonresidential loans - $250k-1MM 65 $26,646 $409,938
    Commercial & Industrial, US addressed loans - <$1MM 125 $11,630 $93,040
    Commercial & Industrial, US addressed loans - <$100k 77 $2,446 $31,766
    Commercial & Industrial, US addressed loans - $100-250k 32 $3,815 $119,219
    Commercial & Industrial, US addressed loans - $250k-1MM 16 $5,369 $335,563
    Farmland loans - <$1MM 2 $168 $84,000
    Farmland loans - $100-250k 2 $168 $84,000