Marine Bank & Trust Company Mortgage Rates, Fees & Info
Vero Beach, FLLEI: 549300HJSQXR32ZGFP55
Tax ID: 65-0644585
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Mortgage Data
Bank Data
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, Orlando, and Miami among others. We have data for 5 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.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 12/4/24 |
| 30 Year Conventional Refi | 6.27% | 12/4/24 |
| 30 Year Cash-out Refi | 6.27% | 12/4/24 |
| 15 Year Conventional Purchase | 5.68% | 12/4/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Marine Bank & Trust Company Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
101Origination Dollar Volume (All Markets)
$40,985,000Employee count
60Top 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) | 82 | $36,050,000 | $439,634 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 10 | $1,850,000 | $185,000 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 5 | $1,445,000 | $289,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $1,080,000 | $540,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $0 | 0.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 101 | $40,985,000 | $405,792 | $0 | 0.00% |
For 2019, Marine Bank & Trust Company's most frequently originated type of loan was Conventional, with 101 originations.
Loan Reason
For 2019, Marine Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 70 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 |
|---|---|---|---|---|---|
| Other | 101 | $40,985,000 | $405,792 | $0 | 0.00% |
For 2019, Marine Bank & Trust Company's most frequently cited loan duration was Other, with 101 originations.
Loan Sizing
2019 saw Marine Bank & Trust Company place emphasis on $200k-400k loans with 27 originations, totaling $7,705,000 in origination value.
Applicant Income
Marine Bank & Trust Company lent most frequently to those with incomes in the $250k+ range, with 30 originations. The second most popular income band? $100k-150k, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 101 | $40,985,000 | $405,792 | $0 | 0.00% |
Marine Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 101 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.85%
Marine Bank & Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination77.23%
Marine Bank & Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 101 | $40,985,000 | $405,792 |
Occupancy Type Mix
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 | $30,107 |
| Marine Bank & Trust Company | 1450 Us Highway #1 Vero Beach, FL 32960 | Full Service B&M | $66,252 |
| Marine Bank & Trust Company | 3303 Suntree Boulevard Melbourne, FL 32940 | Full Service B&M | $9,983 |
| Marine Bank & Trust Company | 571 Beachland Boulevard Vero Beach, FL 32963 | Full Service B&M | $141,735 |
For 2019, Marine Bank & Trust Company had 4 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $11,939 |
| Net interest income | $10,359 |
| Total noninterest income | $1,154 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $182 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $972 |
| Pre-tax net operating income | $2,399 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $1,794 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,794 |
| Minority interest net income | $0 |
| Net income | $1,794 |
| Sale, conversion, retirement of capital stock, net | $53 |
| Net operating income | $1,794 |
Marine Bank & Trust Company's gross interest income from loans was $11,939,000.
Marine Bank & Trust Company's net interest income from loans was $10,359,000.
Marine Bank & Trust Company's fee based income from loans was $182,000.
Marine Bank & Trust Company's net income from loans was $1,794,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,580 |
| Provision for credit losses | $256 |
| Total noninterest expense | $8,858 |
| Salaries and employee benefits | $5,039 |
| Premises and equipment expense | $986 |
| Additional noninterest expense | $2,833 |
| Applicable income taxes | $605 |
| Net charge-offs | $-28 |
| Cash dividends | $350 |
Marine Bank & Trust Company's interest expense for loans was $1,580,000.
Marine Bank & Trust Company's payroll and benefits expense were $5,039,000.
Marine Bank & Trust Company's property, plant and equipment expenses $986,000.
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 | $257,150 |
| Deposits held in domestic offices | $257,150 |
| Deposits by Individuals, partnerships, and corporations | $242,448 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $14,702 |
| 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 | $109,558 |
| Demand deposits | $85,129 |
| Nontransaction accounts | $147,592 |
| Money market deposit accounts (MMDAs) | $105,114 |
| Other savings deposits (excluding MMDAs) | $7,515 |
| Total time deposits | $34,963 |
| Total time and savings deposits | $172,021 |
| Noninterest-bearing deposits | $78,722 |
| Interest-bearing deposits | $178,428 |
| Retail deposits | $244,642 |
| IRAs and Keogh plan accounts | $3,650 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $286,174 |
| Cash & Balances due from depository institutions | $14,859 |
| Interest-bearing balances | $10,046 |
| Total securities | $23,545 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $239,510 |
| Loan and leases loss allowance | $2,651 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $6,588 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $81 |
| All other assets | $1,591 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $286,174 |
| Total Liabilities | $260,735 |
| Total deposits | $257,150 |
| Interest-bearing deposits | $178,428 |
| Deposits held in domestic offices | $257,150 |
| % insured (estimated) | $69 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $3,095 |
| Subordinated debt | $0 |
| All other liabilities | $490 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $239,510 |
| Loan and leases loss allowance | $2,651 |
| Total loans and leases (domestic) | $242,161 |
| All real estate loans | $221,966 |
| Real estate loans in domestic offices | $221,966 |
| Construction and development loans | $8,252 |
| Residential 1-4 family construction | $6,334 |
| Other construction, all land development and other land | $1,918 |
| Loans secured by nonfarm nonresidential properties | $77,724 |
| Nonfarm nonresidential secured by owner-occupied properties | $35,415 |
| Commercial real estate & other non-farm, non-residential | $42,309 |
| Multifamily residential real estate | $2,028 |
| 1-4 family residential loans | $133,698 |
| Farmland loans | $264 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $18,642 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $578 |
| Credit card loans | $0 |
| Related Plans | $62 |
| Consumer Auto Loans | $183 |
| Other loans to individuals | $333 |
| All other loans & leases | $975 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $975 |
| 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 | $927 |
| Non 1-4 family restructured loans & leases | $927 |
| Total loans and leases (foreign) | $0 |
Marine Bank & Trust Company had $239,510,000 of loans outstanding in 2019. $221,966,000 of loans were in real estate loans. $8,252,000 of loans were in development loans. $2,028,000 of loans were in multifamily mortgage loans. $133,698,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $183,000 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 | 120 | $32,556 | $271,300 |
| Nonfarm, nonresidential loans - <$100k | 8 | $167 | $20,875 |
| Nonfarm, nonresidential loans - $100-250k | 35 | $4,351 | $124,314 |
| Nonfarm, nonresidential loans - $250k-1MM | 77 | $28,038 | $364,130 |
| Commercial & Industrial, US addressed loans - <$1MM | 134 | $13,573 | $101,291 |
| Commercial & Industrial, US addressed loans - <$100k | 86 | $2,605 | $30,291 |
| Commercial & Industrial, US addressed loans - $100-250k | 30 | $3,545 | $118,167 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 18 | $7,423 | $412,389 |
| Farmland loans - <$1MM | 2 | $264 | $132,000 |
| Farmland loans - $100-250k | 2 | $264 | $132,000 |