Sanibel Captiva Community Bank Mortgage Rates, Fees & Info

Sanibel, FL

LEI: 549300RMUJVUQYCW8836

Tax ID: 03-0426496

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • 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

    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 by origination volume include: Cape Coral, Naples, Tampa, Orlando, and Punta Gorda among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Sanibel Captiva Community Bank 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. Sanibel Captiva Community Bank is typically an average 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 relatively high 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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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.67% 4/21/24
    30 Year Conventional Refi 7.56% 4/21/24
    30 Year FHA Purchase 6.27% 4/21/24
    15 Year Conventional Purchase 7.69% 4/21/24
    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.

    Sanibel Captiva Community Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Sanibel Captiva Community Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    161

    Origination Dollar Volume (All Markets)

    $59,035,000

    Employee count

    88

    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
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 139 $52,285,000 $376,151 $7,648 5.60%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 16 $4,590,000 $286,875 $8,277 5.64%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $635,000 $635,000 $11,059 5.50%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $545,000 $545,000 $0 5.50%
    PUNTA GORDA, FL (FHA|USDA|VA) 2 $510,000 $255,000 $7,813 5.75%
    Key West, FL (FHA|USDA|VA) 1 $245,000 $245,000 $0 5.13%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 5.50%
    Sanibel Captiva Community Bank's top markets include Cape Coral, Naples, Tampa, Orlando, and Punta Gorda among others.

    Their top states include:
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Sanibel Captiva Community Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Preferred Community Bank
    Similarity Rank: 484
    Suncoast Credit Union
    Similarity Rank: 667
    NEAL COMMUNITIES FUNDING, LLC
    Similarity Rank: 1176
    FIRST AMERICAN BANK
    Similarity Rank: 1264
    RBC Bank, (Georgia)
    Similarity Rank: 1484
    Integrity First Financial Group Inc.
    Similarity Rank: 2448
    Sanibel Captiva Community Bank
    Similarity Rank: 2604
    American Momentum Bank
    Similarity Rank: 2667
    COLUMBUS CAPITAL LENDING, LLC
    Similarity Rank: 3104
    THE MORTGAGE WAREHOUSE,LLC
    Similarity Rank: 3570

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 161 $59,035,000 $366,677 $7,770 5.60%

    For 2018, Sanibel Captiva Community Bank's most frequently originated type of loan was Conventional, with 161 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 137 $49,275,000 $359,672 $7,931 5.61%
    Refi 18 $7,930,000 $440,556 $8,288 5.55%
    Home Improvement 2 $90,000 $45,000 $1,471 5.38%
    Other 2 $710,000 $355,000 $7,326 5.63%
    Cash Out Refi 2 $1,030,000 $515,000 $4,891 5.75%

    For 2018, Sanibel Captiva Community Bank's most frequently cited loan purpose was Home Purchase, with 137 originations. The 2nd most popular reason was Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 155 $57,615,000 $371,710 $7,957 5.60%
    15 Year 2 $260,000 $130,000 $3,516 5.50%
    Other 2 $790,000 $395,000 $3,034 5.88%
    30+ year 1 $335,000 $335,000 $9,050 5.75%
    5 Year 1 $35,000 $35,000 $0 5.25%

    For 2018, Sanibel Captiva Community Bank's most frequently cited loan duration was 30 Year, with 155 originations. The 2nd most popular length was 15 Year, with 2 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 24 $15,990,000 $666,250
    $2k-3k 19 $3,655,000 $192,368
    $3k-4k 17 $4,105,000 $241,471
    $1k-2k 12 $1,260,000 $105,000
    $4k-5k 11 $3,895,000 $354,091
    $<1k 4 $1,010,000 $252,500

    Sanibel Captiva Community Bank's average total fees were $7,957, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 24 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 158 $57,580,000 $364,430
    4-5% 2 $1,360,000 $680,000
    6-7% 1 $95,000 $95,000

    During 2018, Sanibel Captiva Community Bank's average interest rate for loans was 5.60%, while their most frequently originated rate bucket for loans was 5-6%, with 158 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 51 $14,485,000 $284,020 $7,342 5.62%
    $100k-200k 42 $6,040,000 $143,810 $4,591 5.67%
    $400k-600k 24 $11,640,000 $485,000 $9,955 5.50%
    $600k-1MM 20 $14,460,000 $723,000 $13,319 5.54%
    $100,000 or less 17 $1,195,000 $70,294 $3,017 5.62%
    $1MM+ 7 $11,215,000 $1,602,143 $20,805 5.63%

    2018 saw Sanibel Captiva Community Bank place emphasis on $200k-400k loans with 51 originations, totaling $14,485,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 33 $18,915,000 $573,182 $12,475 5.53%
    $150k-250k 30 $11,150,000 $371,667 $7,930 5.62%
    $100k-150k 26 $7,100,000 $273,077 $7,320 5.64%
    $50k-75k 20 $3,590,000 $179,500 $5,496 5.60%
    $75k-100k 17 $4,195,000 $246,765 $7,677 5.64%
    $50k or less 13 $2,405,000 $185,000 $4,434 5.69%

    Sanibel Captiva Community Bank lent most frequently to those with incomes in the $250k+ range, with 33 originations. The second most popular income band? $150k-250k, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 23 $6,395,000 $278,043 $7,588 5.63%
    20-30% 20 $6,650,000 $332,500 $7,187 5.59%
    42% 10 $2,430,000 $243,000 $6,340 5.78%
    >60% 9 $4,735,000 $526,111 $11,669 5.65%
    40% 9 $2,185,000 $242,778 $4,968 5.61%
    43% 9 $2,915,000 $323,889 $7,635 5.54%
    <20% 8 $2,890,000 $361,250 $9,698 5.50%
    39% 8 $2,800,000 $350,000 $7,613 5.59%
    41% 8 $2,140,000 $267,500 $8,486 5.63%
    38% 7 $2,855,000 $407,857 $9,123 5.57%
    44% 5 $1,965,000 $393,000 $7,482 5.65%
    36% 4 $700,000 $175,000 $3,688 5.56%
    37% 4 $770,000 $192,500 $4,299 5.66%
    50-60% 3 $955,000 $318,333 $5,784 5.67%
    45% 3 $1,215,000 $405,000 $7,328 5.58%
    49% 3 $1,255,000 $418,333 $6,562 5.33%
    47% 2 $940,000 $470,000 $4,745 5.88%
    46% 1 $395,000 $395,000 $9,205 5.50%

    Sanibel Captiva Community Bank lent most frequently to those with DTI ratios of 30-36%, with 23 originations. The next most common DTI ratio? 20-30%, with 20 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 130 $44,040,000 $338,769 $7,647 5.60%
    Not applicable 15 $8,295,000 $553,000 $10,923 5.59%
    Not provided 9 $4,485,000 $498,333 $7,722 5.64%
    Black 3 $1,715,000 $571,667 $12,492 5.58%
    Asian 4 $500,000 $125,000 $3,912 5.56%

    Approval Rates

    Total approvals of all applications
    90.16%

    Sanibel Captiva Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    63.98%

    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 161 $59,035,000 $366,677

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $4,755,000 $1,585,000
    Single Family (1-4 Units):Manufactured 2 $260,000 $130,000
    Single Family (1-4 Units):Site-Built 156 $54,020,000 $346,282

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $1,910,000 $318,333 $7,003 5.46%
    40-60% 34 $15,500,000 $455,882 $6,889 5.65%
    60-80% 89 $27,365,000 $307,472 $7,498 5.60%
    80-100% 28 $12,910,000 $461,071 $9,889 5.59%
    Over 100% 1 $435,000 $435,000 $9,784 5.50%
    Under 20% 3 $915,000 $305,000 $3,428 5.67%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Sanibel Captiva Community Bank 1037 Periwinkle Way Sanibel, FL 33957 Full Service B&M $18,173
    Sanibel Captiva Community Bank 11691 Gateway Boulevard, Ste 101 Fort Myers, FL 33913 Full Service B&M $17,714
    Sanibel Captiva Community Bank 1533 Hendry Street Fort Myers, FL 33901 Full Service B&M $26,371
    Sanibel Captiva Community Bank 15975 Mcgregor Boulevard Fort Myers, FL 33908 Full Service B&M $65,043
    Sanibel Captiva Community Bank 2475 Library Way Sanibel, FL 33957 Full Service B&M $132,765
    Sanibel Captiva Community Bank 7040 Winkler Road Fort Myers, FL 33919 Full Service B&M $21,659
    Sanibel Captiva Community Bank 7500 College Parkway Fort Myers, FL 33907 Full Service B&M $90,853

    For 2018, Sanibel Captiva Community Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $21,200
    Net interest income $18,660
    Total noninterest income $1,843
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $176
    Trading account gains and fees $0
    Additional Noninterest Income $1,667
    Pre-tax net operating income $9,277
    Securities gains (or losses, -) $0
    Income before extraordinary items $6,905
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,905
    Minority interest net income $0
    Net income $6,905
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,905

    Sanibel Captiva Community Bank's gross interest income from loans was $21,200,000.
    Sanibel Captiva Community Bank's net interest income from loans was $18,660,000.
    Sanibel Captiva Community Bank's fee based income from loans was $176,000.
    Sanibel Captiva Community Bank's net income from loans was $6,905,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,540
    Provision for credit losses $200
    Total noninterest expense $11,026
    Salaries and employee benefits $6,941
    Premises and equipment expense $1,163
    Additional noninterest expense $2,922
    Applicable income taxes $2,372
    Net charge-offs $-3
    Cash dividends $3,794

    Sanibel Captiva Community Bank's interest expense for loans was $2,540,000.
    Sanibel Captiva Community Bank's payroll and benefits expense were $6,941,000.
    Sanibel Captiva Community Bank's property, plant and equipment expenses $1,163,000.

    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 $386,034
    Deposits held in domestic offices $386,034
    Deposits by Individuals, partnerships, and corporations $372,058
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $12,750
    Deposits by Commercial banks and other depository institutions in U.S. $1,226
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $196,016
    Demand deposits $88,706
    Nontransaction accounts $190,018
    Money market deposit accounts (MMDAs) $139,950
    Other savings deposits (excluding MMDAs) $10,527
    Total time deposits $39,541
    Total time and savings deposits $297,328
    Noninterest-bearing deposits $88,706
    Interest-bearing deposits $297,328
    Retail deposits $352,130
    IRAs and Keogh plan accounts $3,162
    Brokered deposits $25,023
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $447,930
    Cash & Balances due from depository institutions $32,668
    Interest-bearing balances $26,580
    Total securities $9,567
    Federal funds sold & reverse repurchase $0
    Net loans and leases $390,658
    Loan and leases loss allowance $3,294
    Trading account assets $0
    Bank premises and fixed assets $11,086
    Other real estate owned $0
    Goodwill and other intangibles $279
    All other assets $3,672

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $447,930
    Total Liabilities $417,227
    Total deposits $386,034
    Interest-bearing deposits $297,328
    Deposits held in domestic offices $386,034
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $30,000
    Subordinated debt $0
    All other liabilities $1,193

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $390,658
    Loan and leases loss allowance $3,294
    Total loans and leases (domestic) $393,952
    All real estate loans $374,650
    Real estate loans in domestic offices $374,650
    Construction and development loans $25,664
    Residential 1-4 family construction $19,460
    Other construction, all land development and other land $6,204
    Loans secured by nonfarm nonresidential properties $115,088
    Nonfarm nonresidential secured by owner-occupied properties $55,688
    Commercial real estate & other non-farm, non-residential $59,400
    Multifamily residential real estate $4,066
    1-4 family residential loans $229,832
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $13,238
    To non-U.S. addressees $0
    Loans to individuals $6,366
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $939
    Other loans to individuals $5,427
    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 $932
    Non 1-4 family restructured loans & leases $508
    Total loans and leases (foreign) $0

    Sanibel Captiva Community Bank had $390,658,000 of loans outstanding in 2018. $374,650,000 of loans were in real estate loans. $25,664,000 of loans were in development loans. $4,066,000 of loans were in multifamily mortgage loans. $229,832,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $939,000 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 $42,022 $350,183
    Nonfarm, nonresidential loans - <$100k 21 $1,308 $62,286
    Nonfarm, nonresidential loans - $100-250k 41 $7,121 $173,683
    Nonfarm, nonresidential loans - $250k-1MM 58 $33,593 $579,190
    Commercial & Industrial, US addressed loans - <$1MM 119 $13,238 $111,244
    Commercial & Industrial, US addressed loans - <$100k 84 $3,517 $41,869
    Commercial & Industrial, US addressed loans - $100-250k 24 $3,770 $157,083
    Commercial & Industrial, US addressed loans - $250k-1MM 11 $5,951 $541,000