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

2021 Data | 2020 Data | 2019 Data | 2018 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

Item Value (in 000's)
Total interest income $26,949
Net interest income $25,792
Total noninterest income $3,818
Gross Fiduciary activities income $0
Service charges on deposit accounts $102
Trading account gains and fees $0
Additional Noninterest Income $3,716
Pre-tax net operating income $12,946
Securities gains (or losses, -) $0
Income before extraordinary items $9,883
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $9,883
Minority interest net income $0
Net income $9,883
Sale, conversion, retirement of capital stock, net $0
Net operating income $9,883

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.

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 $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