Sanibel Captiva Community Bank Mortgage Rates, Fees & Info
Sanibel, FL
LEI: 549300RMUJVUQYCW8836
Tax ID: 03-0426496
1 stars
-
out of 5 stars, based on 15 reviews
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Mortgage Data
Bank Data
Overview
Sanibel Captiva Community Bank is a
smaller
bank
specializing in
Home Purchase
loans.
Sanibel Captiva Community Bank has a high proportion of conventional loans.
Their top markets include Cape Coral, Naples, Miami, Punta Gorda, and North Port among others. Sanibel Captiva Community Bank has
an above average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
Sanibel Captiva Community Bank is typically
a high fee
lendor.
Originations
227
Origination Dollar Volume (All Markets)
$133,715,000
Employee count
104
Relative Rate
Sanibel Captiva Community Bank's average 30 year fixed rate mortgage of loans were
5.32%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 2.17%.
Relative Fees
Sanibel Captiva Community Bank's average total fees for a 30 year fixed rate
mortgage are $11,303.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA)
|
198
|
$105,530,000 |
$532,980 |
$10,074 |
5.37% |
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA)
|
22
|
$25,430,000 |
$1,155,909 |
$22,410 |
5.24% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)
|
2
|
$1,060,000 |
$530,000 |
$7,048 |
5.19% |
PUNTA GORDA, FL (FHA|USDA|VA)
|
3
|
$1,015,000 |
$338,333 |
$13,390 |
5.04% |
Outside of Metro Areas
|
1 |
$385,000 |
$385,000 |
$10,896 |
5.38% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)
|
1
|
$295,000 |
$295,000 |
$8,768 |
5.38% |
Sanibel Captiva Community Bank's top markets include Cape Coral, Naples, Miami, Punta Gorda, and North Port among others.
Product Mix
Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Conventional |
227 |
$133,715,000 |
$589,053 |
$10,713 |
5.35% |
For the 2021 period, Sanibel Captiva Community Bank's most frequently
originated loan type
of loans were Conventional, with 227 originations.
Loan Reason
Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Home Purchase |
215 |
$130,745,000 |
$608,116 |
$11,113 |
5.34% |
Refi |
9 |
$2,545,000 |
$282,778 |
$6,298 |
5.47% |
Other |
3 |
$425,000 |
$141,667 |
$3,683 |
5.63% |
For the 2021, Sanibel Captiva Community Bank's most frequently cited loan
purpose
of loans were Home Purchase, with 215
originations.
The 2nd most popular reason of loans were Refi,
with 9 originations.
Loan Duration/Length
Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
30 Year |
187 |
$115,685,000 |
$618,636 |
$11,303 |
5.32% |
30+ year |
17 |
$7,085,000 |
$416,765 |
$11,949 |
5.38% |
15 Year |
5 |
$595,000 |
$119,000 |
$4,581 |
5.75% |
10 Year |
4 |
$2,630,000 |
$657,500 |
$0 |
5.13% |
1 Year |
4 |
$5,430,000 |
$1,357,500 |
$8,637 |
5.50% |
20 Year |
4 |
$530,000 |
$132,500 |
$4,195 |
5.75% |
Other |
3 |
$1,175,000 |
$391,667 |
$3,193 |
5.54% |
3 Year |
2 |
$490,000 |
$245,000 |
$6,474 |
5.56% |
5 Year |
1 |
$95,000 |
$95,000 |
$1,239 |
5.50% |
For the 2021, Sanibel Captiva Community Bank's most frequently cited loan
length
of loans were 30 Year, with 187 originations.
The 2nd most popular length of loans were 30+ year,
with 17 originations.
Origination Fees
Origination Fee |
Originations |
Total Value |
Average Loan |
$5k+ |
58 |
$50,210,000 |
$865,690 |
$3k-4k |
44 |
$16,170,000 |
$367,500 |
$2k-3k |
26 |
$4,250,000 |
$163,462 |
$1k-2k |
10 |
$5,160,000 |
$516,000 |
$<1k |
2 |
$140,000 |
$70,000 |
$11,303 of loans were Sanibel Captiva Community Bank's
average total fees, while their most
frequently occuring range of origination fees were in the
$5k+ bucket,
with 58 originations.
Interest Rates
Loan Rate |
Originations |
Total Value |
Average Loan |
5-6% |
207 |
$108,145,000 |
$522,440 |
4-5% |
15 |
$22,355,000 |
$1,490,333 |
3-4% |
2 |
$2,320,000 |
$1,160,000 |
6-7% |
2 |
$380,000 |
$190,000 |
2.5-3% |
1 |
$515,000 |
$515,000 |
During 2021, Sanibel Captiva Community Bank's average interest
rate of loans were 5.32%, while their
most frequently originated rate bucket of loans were 5-6%,
with 207 originations.
Loan Sizing
Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
$200k-400k |
78 |
$21,760,000 |
$278,974 |
$7,461 |
5.42% |
$400k-600k |
40 |
$19,310,000 |
$482,750 |
$11,586 |
5.27% |
$600k-1MM |
35 |
$27,185,000 |
$776,714 |
$13,573 |
5.24% |
$100k-200k |
34 |
$5,430,000 |
$159,706 |
$5,216 |
5.44% |
$1MM+ |
31 |
$59,415,000 |
$1,916,613 |
$27,941 |
5.22% |
$100,000 or less |
9 |
$615,000 |
$68,333 |
$2,585 |
5.54% |
2021 saw Sanibel Captiva Community Bank place emphasis on
$200k-400k loans
with 78 originations, totaling
$21,760,000 in origination value.
Applicant Income
Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
$150k-250k |
49 |
$24,345,000 |
$496,837 |
$11,187 |
5.35% |
$250k+ |
48 |
$47,820,000 |
$996,250 |
$16,822 |
5.23% |
$100k-150k |
28 |
$8,940,000 |
$319,286 |
$8,739 |
5.42% |
$75k-100k |
20 |
$5,700,000 |
$285,000 |
$8,180 |
5.51% |
$50k-75k |
19 |
$4,935,000 |
$259,737 |
$7,203 |
5.39% |
$50k or less |
18 |
$3,900,000 |
$216,667 |
$6,056 |
5.45% |
Sanibel Captiva Community Bank lent most frequently to those with incomes in the
$150k-250k range, with
49 originations.
The second most popular income band? $250k+,
with 48 originations.
Applicant Debt to Income Ratio
DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
>60% |
24 |
$6,970,000 |
$290,417 |
$7,488 |
5.48% |
20-30% |
18 |
$7,700,000 |
$427,778 |
$11,023 |
5.38% |
30-36% |
16 |
$6,350,000 |
$396,875 |
$8,276 |
5.28% |
50-60% |
13 |
$7,145,000 |
$549,615 |
$11,491 |
5.43% |
44% |
10 |
$5,120,000 |
$512,000 |
$11,086 |
5.38% |
<20% |
9 |
$2,285,000 |
$253,889 |
$5,314 |
5.14% |
40% |
7 |
$2,515,000 |
$359,286 |
$8,498 |
5.36% |
39% |
6 |
$1,550,000 |
$258,333 |
$8,615 |
5.38% |
49% |
6 |
$4,330,000 |
$721,667 |
$11,931 |
5.38% |
38% |
5 |
$1,525,000 |
$305,000 |
$7,176 |
5.38% |
36% |
5 |
$2,445,000 |
$489,000 |
$11,794 |
5.38% |
42% |
5 |
$1,725,000 |
$345,000 |
$12,304 |
5.45% |
43% |
5 |
$3,985,000 |
$797,000 |
$22,069 |
5.38% |
47% |
4 |
$1,720,000 |
$430,000 |
$7,935 |
5.59% |
45% |
4 |
$910,000 |
$227,500 |
$6,648 |
5.78% |
37% |
3 |
$615,000 |
$205,000 |
$6,190 |
5.46% |
41% |
3 |
$665,000 |
$221,667 |
$4,643 |
5.38% |
48% |
2 |
$400,000 |
$200,000 |
$5,346 |
5.38% |
46% |
1 |
$345,000 |
$345,000 |
$0 |
5.38% |
Sanibel Captiva Community Bank lent most frequently to those with DTI ratios
of >60%, with
24 originations.
The next most common DTI ratio? 20-30%,
with 18 originations.
Ethnicity Mix
Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
White |
152 |
$84,030,000 |
$552,829 |
$10,852 |
5.35% |
Not applicable |
38 |
$32,510,000 |
$855,526 |
$0 |
5.34% |
Not provided |
32 |
$15,640,000 |
$488,750 |
$10,436 |
5.36% |
Asian |
4 |
$1,200,000 |
$300,000 |
$7,533 |
5.38% |
American Indian |
1 |
$335,000 |
$335,000 |
$11,772 |
5.38% |
Approval Rates
Total approvals of all applications
95.35%
Sanibel Captiva Community Bank 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
57.94%
Sanibel Captiva Community Bank has a low pick rate. They may have issues
with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
Points |
Originations |
Total Value |
Average Loan |
NA |
227 |
$133,715,000 |
$589,053 |
Occupancy Type Mix
Dwelling Type |
Originations |
Total Value |
Average Loan |
|
227 |
$133,715,000 |
$589,053 |
LTV Distribution
Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
20-40% |
15 |
$3,975,000 |
$265,000 |
$6,369 |
5.56% |
40-60% |
37 |
$25,975,000 |
$702,027 |
$13,984 |
5.38% |
60-80% |
137 |
$79,815,000 |
$582,591 |
$10,396 |
5.32% |
80-100% |
34 |
$23,340,000 |
$686,471 |
$11,083 |
5.32% |
Under 20% |
4 |
$610,000 |
$152,500 |
$1,606 |
5.50% |
Bank Details
Branches
Bank Name |
Branch |
Branch Type |
Deposits (000's) |
Sanibel Captiva Community Bank |
7040 Winkler Road Fort Myers, FL 33919 |
Full Service B&M
|
$74,062 |
Sanibel Captiva Community Bank |
1037 Periwinkle Way Sanibel, FL 33957 |
Full Service B&M
|
$34,271 |
Sanibel Captiva Community Bank |
11691 Gateway Boulevard, Ste 101 Fort Myers, FL 33913 |
Full Service B&M
|
$67,136 |
Sanibel Captiva Community Bank |
1533 Hendry Street Fort Myers, FL 33901 |
Full Service B&M
|
$57,592 |
Sanibel Captiva Community Bank |
15975 Mcgregor Boulevard Fort Myers, FL 33908 |
Full Service B&M
|
$114,560 |
Sanibel Captiva Community Bank |
2406 Periwinkle Way Sanibel, FL 33957 |
Full Service B&M
|
$240,493 |
Sanibel Captiva Community Bank |
7500 College Parkway Fort Myers, FL 33907 |
Full Service B&M
|
$66,236 |
Sanibel Captiva Community Bank |
9311 College Parkway Fort Myers, FL 33919 |
Full Service B&M
|
$80,565 |
For 2021, Sanibel Captiva Community Bank had 8 branches.
Yearly Performance Overview
Bank Income
Sanibel Captiva Community Bank's gross interest income from loans was $26,949,000.
Sanibel Captiva Community Bank's net interest income from loans was $25,792,000.
Sanibel Captiva Community Bank's fee based income from loans was $102,000.
Sanibel Captiva Community Bank's net income from loans was $9,883,000.
Bank Expenses
Item |
Value (in 000's) |
Total interest expense |
$1,157 |
Provision for credit losses |
$100 |
Total noninterest expense |
$16,564 |
Salaries and employee benefits |
$10,009 |
Premises and equipment expense |
$1,856 |
Additional noninterest expense |
$4,699 |
Applicable income taxes |
$3,063 |
Net charge-offs |
$-135 |
Cash dividends |
$4,478 |
Sanibel Captiva Community Bank's interest expense for loans was $1,157,000.
Sanibel Captiva Community Bank's payroll and benefits expense were $10,009,000.
Sanibel Captiva Community Bank's property, plant and equipment expenses $1,856,000.
Deposits
Type |
Value (in 000's) |
Total deposits |
$682,993 |
Deposits held in domestic offices |
$682,993 |
Deposits by Individuals, partnerships, and corporations |
$675,790 |
Deposits by U.S. Government |
$0 |
Deposits by States and political subdivisions in the U.S. |
$6,458 |
Deposits by Commercial banks and other depository institutions in U.S. |
$745 |
Deposits by Banks in foreign countries |
$0 |
Deposits by Foreign governments and official institutions |
$0 |
Transaction accounts |
$660,456 |
Demand deposits |
$660,456 |
Nontransaction accounts |
$22,537 |
Money market deposit accounts (MMDAs) |
$0 |
Other savings deposits (excluding MMDAs) |
$0 |
Total time deposits |
$22,537 |
Total time and savings deposits |
$22,537 |
Noninterest-bearing deposits |
$286,891 |
Interest-bearing deposits |
$396,102 |
Retail deposits |
$674,744 |
IRAs and Keogh plan accounts |
$2,899 |
Brokered deposits |
$0 |
Deposits held in foreign offices |
$0 |
Assets
Asset |
Value (in 000's) |
Total Assets |
$728,808 |
Cash & Balances due from depository institutions |
$244,343 |
Interest-bearing balances |
$239,318 |
Total securities |
$9,940 |
Federal funds sold & reverse repurchase |
$0 |
Net loans and leases |
$450,996 |
Loan and leases loss allowance |
$4,322 |
Trading account assets |
$0 |
Bank premises and fixed assets |
$20,225 |
Other real estate owned |
$0 |
Goodwill and other intangibles |
$53 |
All other assets |
$3,251 |
Liabilities
Liabilities |
Value (in 000's) |
Total liabilities and capital |
$728,808 |
Total Liabilities |
$683,848 |
Total deposits |
$682,993 |
Interest-bearing deposits |
$396,102 |
Deposits held in domestic offices |
$682,993 |
% insured (estimated) |
$60 |
Federal funds purchased and repurchase agreements |
$0 |
Trading liabilities |
$0 |
Other borrowed funds |
$0 |
Subordinated debt |
$0 |
All other liabilities |
$855 |
Issued Loan Types
Type |
Value (in 000's) |
Net loans and leases |
$450,996 |
Loan and leases loss allowance |
$4,322 |
Total loans and leases (domestic) |
$455,318 |
All real estate loans |
$417,237 |
Real estate loans in domestic offices |
$417,237 |
Construction and development loans |
$41,048 |
Residential 1-4 family construction |
$34,028 |
Other construction, all land development and other land |
$7,020 |
Loans secured by nonfarm nonresidential properties |
$141,993 |
Nonfarm nonresidential secured by owner-occupied properties |
$79,072 |
Commercial real estate & other non-farm, non-residential |
$62,921 |
Multifamily residential real estate |
$6,537 |
1-4 family residential loans |
$227,659 |
Farmland loans |
$0 |
Loans held in foreign offices |
$0 |
Farm loans |
$0 |
Commercial and industrial loans |
$29,855 |
To non-U.S. addressees |
$0 |
Loans to individuals |
$8,503 |
Credit card loans |
$0 |
Related Plans |
$0 |
Consumer Auto Loans |
$936 |
Other loans to individuals |
$7,567 |
All other loans & leases |
$0 |
Loans to foreign governments and official institutions |
$0 |
Other loans |
$0 |
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 |
$1,309 |
Non 1-4 family restructured loans & leases |
$1,309 |
Total loans and leases (foreign) |
$0 |
Sanibel Captiva Community Bank had $450,996,000 of loans outstanding in 2021. $417,237,000 of loans were in real estate loans.
$41,048,000 of loans were in development loans. $6,537,000 of loans were in multifamily mortgage loans.
$227,659,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0
of loans were in credit card loans. $936,000 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 |
140 |
$45,099 |
$322,136 |
Nonfarm, nonresidential loans - <$100k |
33 |
$1,219 |
$36,939 |
Nonfarm, nonresidential loans - $100-250k |
36 |
$6,264 |
$174,000 |
Nonfarm, nonresidential loans - $250k-1MM |
71 |
$37,616 |
$529,803 |
Commercial & Industrial, US addressed loans - <$1MM |
174 |
$15,748 |
$90,506 |
Commercial & Industrial, US addressed loans - <$100k |
123 |
$3,351 |
$27,244 |
Commercial & Industrial, US addressed loans - $100-250k |
31 |
$4,871 |
$157,129 |
Commercial & Industrial, US addressed loans - $250k-1MM |
20 |
$7,526 |
$376,300 |