Marine Bank & Trust Company Mortgage Rates, Fees & Info

Vero Beach, FL

LEI: 549300HJSQXR32ZGFP55

Tax ID: 65-0644585

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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, 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.

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

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    Originations

    101

    Origination Dollar Volume (All Markets)

    $40,985,000

    Employee count

    60

    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) 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%
    Marine Bank & Trust Company's top markets include Sebastian, Palm Bay, Port St. Lucie, Orlando, and Miami 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.

    TrustCo Bank
    Similarity Rank: 104
    SPACE COAST Credit Union
    Similarity Rank: 264
    GROUP ONE MORTGAGE, INC.
    Similarity Rank: 672
    MIDFLORIDA
    Similarity Rank: 784
    PULTE MORTGAGE LLC
    Similarity Rank: 882
    Seacoast National Bank
    Similarity Rank: 896
    NVR Mortgage Finance, Inc.
    Similarity Rank: 3120
    TD Bank
    Similarity Rank: 3725
    EAGLE HOME MORTGAGE, LLC
    Similarity Rank: 5292
    DHI MORTGAGE COMPANY, LTD.
    Similarity Rank: 5508

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 70 $32,830,000 $469,000 $0 0.00%
    Cash Out Refi 13 $4,305,000 $331,154 $0 0.00%
    Refi 9 $2,175,000 $241,667 $0 0.00%
    Other 6 $1,370,000 $228,333 $0 0.00%
    Home Improvement 3 $305,000 $101,667 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 27 $7,705,000 $285,370 $0 0.00%
    $100k-200k 26 $3,770,000 $145,000 $0 0.00%
    $100,000 or less 16 $1,070,000 $66,875 $0 0.00%
    $600k-1MM 13 $9,725,000 $748,077 $0 0.00%
    $400k-600k 11 $5,505,000 $500,455 $0 0.00%
    $1MM+ 8 $13,210,000 $1,651,250 $0 0.00%

    2019 saw Marine Bank & Trust Company place emphasis on $200k-400k loans with 27 originations, totaling $7,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 30 $24,540,000 $818,000 $0 0.00%
    $100k-150k 17 $4,005,000 $235,588 $0 0.00%
    $150k-250k 13 $4,335,000 $333,462 $0 0.00%
    $50k-75k 12 $1,820,000 $151,667 $0 0.00%
    $75k-100k 11 $1,375,000 $125,000 $0 0.00%
    $50k or less 7 $715,000 $102,143 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 88 $36,410,000 $413,750 $0 0.00%
    Not applicable 11 $4,195,000 $381,364 $0 0.00%
    Black 1 $205,000 $205,000 $0 0.00%
    Not provided 1 $175,000 $175,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.85%

    Marine Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.23%

    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

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $3,340,000 $835,000
    Single Family (1-4 Units):Manufactured 1 $25,000 $25,000
    Single Family (1-4 Units):Site-Built 96 $37,620,000 $391,875

    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