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, and Key West among others. We have data for 4 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

    172

    Origination Dollar Volume (All Markets)

    $60,270,000

    Employee count

    94

    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) 142 $45,390,000 $319,648 $7,253 5.88%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 28 $13,910,000 $496,786 $9,590 24.91%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $795,000 $795,000 $17,398 5.99%
    Key West, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,051 6.00%
    Sanibel Captiva Community Bank's top markets include Cape Coral, Naples, Tampa, and Key West 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.

    WILLIAM RAVEIS MORTGAGE, LLC
    Similarity Rank: 1080
    NEAL COMMUNITIES FUNDING, LLC
    Similarity Rank: 1084
    MATTAMY HOME FUNDING, LLC
    Similarity Rank: 1236
    Suncoast Credit Union
    Similarity Rank: 1242
    READY MORTGAGE LENDERS, LLC
    Similarity Rank: 1344
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 1383
    ACHIEVA CREDIT UNION
    Similarity Rank: 1472
    FIRST AMERICAN BANK
    Similarity Rank: 1730
    Sanibel Captiva Community Bank
    Similarity Rank: 1732
    American Momentum Bank
    Similarity Rank: 2266

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 172 $60,270,000 $350,407 $7,684 8.98%

    For 2019, Sanibel Captiva Community Bank's most frequently originated type of loan was Conventional, with 172 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 135 $48,325,000 $357,963 $8,767 9.81%
    Refi 24 $10,280,000 $428,333 $4,170 5.86%
    Other 9 $1,245,000 $138,333 $2,888 6.14%
    Home Improvement 3 $245,000 $81,667 $1,105 6.17%
    Cash Out Refi 1 $175,000 $175,000 $3,051 6.00%

    For 2019, Sanibel Captiva Community Bank's most frequently cited loan purpose was Home Purchase, with 135 originations. The 2nd most popular reason was Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 137 $51,015,000 $372,372 $8,115 5.86%
    15 Year 9 $1,005,000 $111,667 $3,888 6.07%
    Other 9 $3,445,000 $382,778 $10,341 65.24%
    30+ year 7 $2,065,000 $295,000 $9,161 5.80%
    3 Year 3 $935,000 $311,667 $0 5.54%
    5 Year 3 $425,000 $141,667 $486 6.04%
    10 Year 2 $1,250,000 $625,000 $0 5.88%
    20 Year 2 $130,000 $65,000 $2,282 6.38%

    For 2019, Sanibel Captiva Community Bank's most frequently cited loan duration was 30 Year, with 137 originations. The 2nd most popular length was 15 Year, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 30 $19,970,000 $665,667
    $2k-3k 20 $3,300,000 $165,000
    $4k-5k 17 $5,575,000 $327,941
    $1k-2k 14 $1,690,000 $120,714
    $3k-4k 14 $3,470,000 $247,857
    $<1k 11 $4,025,000 $365,909

    Sanibel Captiva Community Bank's average total fees were $8,115, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 30 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 152 $56,150,000 $369,408
    6-7% 19 $3,635,000 $191,316
    Over 8% 1 $485,000 $485,000

    During 2019, Sanibel Captiva Community Bank's average interest rate for loans was 5.86%, while their most frequently originated rate bucket for loans was 5-6%, with 152 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 62 $18,380,000 $296,452 $7,157 5.85%
    $100k-200k 49 $7,395,000 $150,918 $4,777 5.87%
    $600k-1MM 19 $13,735,000 $722,895 $13,417 5.89%
    $100,000 or less 17 $1,155,000 $67,941 $2,506 6.00%
    $400k-600k 17 $8,175,000 $480,882 $10,143 37.20%
    $1MM+ 8 $11,430,000 $1,428,750 $19,379 5.89%

    2019 saw Sanibel Captiva Community Bank place emphasis on $200k-400k loans with 62 originations, totaling $18,380,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 32 $11,470,000 $358,438 $8,427 5.86%
    $250k+ 30 $14,110,000 $470,333 $10,497 23.62%
    $100k-150k 25 $7,855,000 $314,200 $7,237 5.93%
    $75k-100k 17 $4,035,000 $237,353 $6,847 5.79%
    $50k-75k 13 $3,035,000 $233,462 $5,548 5.96%
    $50k or less 9 $805,000 $89,444 $3,523 5.94%

    Sanibel Captiva Community Bank lent most frequently to those with incomes in the $150k-250k range, with 32 originations. The second most popular income band? $250k+, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 29 $8,625,000 $297,414 $6,208 24.27%
    20-30% 17 $6,215,000 $365,588 $9,843 5.90%
    50-60% 13 $3,325,000 $255,769 $5,752 5.86%
    >60% 10 $2,120,000 $212,000 $5,634 5.85%
    44% 10 $2,770,000 $277,000 $7,384 5.96%
    43% 8 $2,070,000 $258,750 $4,911 5.95%
    45% 7 $2,125,000 $303,571 $7,394 5.89%
    <20% 6 $3,250,000 $541,667 $13,836 5.60%
    39% 6 $1,990,000 $331,667 $9,596 5.96%
    40% 6 $1,440,000 $240,000 $8,490 5.77%
    42% 5 $1,125,000 $225,000 $7,043 5.90%
    46% 4 $1,500,000 $375,000 $9,521 6.15%
    38% 4 $1,320,000 $330,000 $6,494 5.72%
    36% 3 $615,000 $205,000 $1,931 6.04%
    41% 3 $335,000 $111,667 $4,702 5.91%
    47% 2 $710,000 $355,000 $7,793 5.93%
    48% 1 $275,000 $275,000 $10,169 5.88%
    49% 1 $715,000 $715,000 $0 5.75%
    37% 1 $145,000 $145,000 $4,945 5.88%

    Sanibel Captiva Community Bank lent most frequently to those with DTI ratios of 30-36%, with 29 originations. The next most common DTI ratio? 20-30%, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 119 $42,225,000 $354,832 $7,824 10.36%
    Not applicable 37 $13,675,000 $369,595 $7,956 5.86%
    Not provided 14 $3,990,000 $285,000 $6,529 5.93%
    Other Pacific Islander 1 $205,000 $205,000 $0 5.88%
    Asian 1 $175,000 $175,000 $0 5.88%

    Approval Rates

    Total approvals of all applications
    95.93%

    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
    62.79%

    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 172 $60,270,000 $350,407

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $950,000 $475,000
    Single Family (1-4 Units):Manufactured 8 $1,050,000 $131,250
    Single Family (1-4 Units):Site-Built 162 $58,270,000 $359,691

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $3,490,000 $174,500 $3,736 6.02%
    40-60% 37 $15,145,000 $409,324 $8,518 5.88%
    60-80% 83 $31,495,000 $379,458 $8,208 12.28%
    80-100% 26 $9,460,000 $363,846 $9,160 5.81%
    Under 20% 6 $680,000 $113,333 $1,596 6.06%

    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 $19,177
    Sanibel Captiva Community Bank 11691 Gateway Boulevard, Ste 101 Fort Myers, FL 33913 Full Service B&M $30,025
    Sanibel Captiva Community Bank 1533 Hendry Street Fort Myers, FL 33901 Full Service B&M $28,060
    Sanibel Captiva Community Bank 15975 Mcgregor Boulevard Fort Myers, FL 33908 Full Service B&M $65,097
    Sanibel Captiva Community Bank 2475 Library Way Sanibel, FL 33957 Full Service B&M $141,035
    Sanibel Captiva Community Bank 7040 Winkler Road Fort Myers, FL 33919 Full Service B&M $26,625
    Sanibel Captiva Community Bank 7500 College Parkway Fort Myers, FL 33907 Full Service B&M $88,345

    For 2019, Sanibel Captiva Community Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $23,555
    Net interest income $20,219
    Total noninterest income $2,968
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $187
    Trading account gains and fees $0
    Additional Noninterest Income $2,781
    Pre-tax net operating income $10,277
    Securities gains (or losses, -) $0
    Income before extraordinary items $7,743
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,743
    Minority interest net income $0
    Net income $7,743
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,743

    Sanibel Captiva Community Bank's gross interest income from loans was $23,555,000.
    Sanibel Captiva Community Bank's net interest income from loans was $20,219,000.
    Sanibel Captiva Community Bank's fee based income from loans was $187,000.
    Sanibel Captiva Community Bank's net income from loans was $7,743,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,336
    Provision for credit losses $150
    Total noninterest expense $12,760
    Salaries and employee benefits $7,975
    Premises and equipment expense $1,309
    Additional noninterest expense $3,476
    Applicable income taxes $2,534
    Net charge-offs $-18
    Cash dividends $3,980

    Sanibel Captiva Community Bank's interest expense for loans was $3,336,000.
    Sanibel Captiva Community Bank's payroll and benefits expense were $7,975,000.
    Sanibel Captiva Community Bank's property, plant and equipment expenses $1,309,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    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 $389,992
    Deposits held in domestic offices $389,992
    Deposits by Individuals, partnerships, and corporations $380,836
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $8,665
    Deposits by Commercial banks and other depository institutions in U.S. $491
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $201,159
    Demand deposits $111,300
    Nontransaction accounts $188,833
    Money market deposit accounts (MMDAs) $139,615
    Other savings deposits (excluding MMDAs) $10,520
    Total time deposits $38,698
    Total time and savings deposits $278,692
    Noninterest-bearing deposits $111,300
    Interest-bearing deposits $278,692
    Retail deposits $379,489
    IRAs and Keogh plan accounts $2,610
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $450,862
    Cash & Balances due from depository institutions $39,700
    Interest-bearing balances $34,806
    Total securities $7,783
    Federal funds sold & reverse repurchase $0
    Net loans and leases $386,223
    Loan and leases loss allowance $3,462
    Trading account assets $0
    Bank premises and fixed assets $12,878
    Other real estate owned $0
    Goodwill and other intangibles $211
    All other assets $4,067

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $450,862
    Total Liabilities $416,396
    Total deposits $389,992
    Interest-bearing deposits $278,692
    Deposits held in domestic offices $389,992
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $25,000
    Subordinated debt $0
    All other liabilities $1,404

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $386,223
    Loan and leases loss allowance $3,462
    Total loans and leases (domestic) $389,685
    All real estate loans $363,785
    Real estate loans in domestic offices $363,785
    Construction and development loans $29,954
    Residential 1-4 family construction $19,446
    Other construction, all land development and other land $10,508
    Loans secured by nonfarm nonresidential properties $110,720
    Nonfarm nonresidential secured by owner-occupied properties $64,680
    Commercial real estate & other non-farm, non-residential $46,040
    Multifamily residential real estate $4,229
    1-4 family residential loans $218,882
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $17,151
    To non-U.S. addressees $0
    Loans to individuals $8,991
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $567
    Other loans to individuals $8,424
    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 $1,230
    Non 1-4 family restructured loans & leases $606
    Total loans and leases (foreign) $0

    Sanibel Captiva Community Bank had $386,223,000 of loans outstanding in 2019. $363,785,000 of loans were in real estate loans. $29,954,000 of loans were in development loans. $4,229,000 of loans were in multifamily mortgage loans. $218,882,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $567,000 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 $47,973 $342,664
    Nonfarm, nonresidential loans - <$100k 28 $1,576 $56,286
    Nonfarm, nonresidential loans - $100-250k 42 $7,485 $178,214
    Nonfarm, nonresidential loans - $250k-1MM 70 $38,912 $555,886
    Commercial & Industrial, US addressed loans - <$1MM 120 $16,120 $134,333
    Commercial & Industrial, US addressed loans - <$100k 76 $3,421 $45,013
    Commercial & Industrial, US addressed loans - $100-250k 24 $4,011 $167,125
    Commercial & Industrial, US addressed loans - $250k-1MM 20 $8,688 $434,400