Bnb Bank Mortgage Rates, Fees & Info

Bridgehampton, NY

LEI: 549300UWA74T8PF7KY34

Tax ID: 11-2934194

5 stars - out of 5 stars, based on 19 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Bnb Bank is a smaller bank specializing in Cash Out Refi and Home Purchase loans. Bnb Bank has a high proportion of conventional loans. Their top markets include New York, Bridgeport, Poughkeepsie, Allentown, and Kingston among others. Bnb Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Bnb Bank is typically an average fee lendor.


Originations

347

Origination Dollar Volume (All Markets)

$733,135,000

Employee count

802

Awards

BNB Bank 30 Year Conventional Loans gold BNB Bank 30 Year Conventional Loans bronze BNB Bank 30 Year Conventional Loans gold
Show all (3) awards

Relative Rate

Bnb Bank's average 30 year fixed rate mortgage of loans were 2.92%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.23%.

Relative Fees

Bnb Bank's average total fees for a 30 year fixed rate mortgage are $5,397.

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
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 324 $711,720,000 $2,196,667 $5,279 3.07%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 11 $10,435,000 $948,636 $5,112 2.66%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 3 $4,765,000 $1,588,333 $0 3.50%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $4,300,000 $2,150,000 $6,513 3.06%
KINGSTON, NY (FHA|USDA|VA) 2 $840,000 $420,000 $4,885 2.75%
Torrington, CT (FHA|USDA|VA) 1 $635,000 $635,000 $5,352 2.50%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $175,000 $175,000 $3,292 2.88%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.63%
SYRACUSE, NY (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.13%
Outside of Metro Areas 1 $65,000 $65,000 $4,879 2.75%

Bnb Bank's top markets include New York, Bridgeport, Poughkeepsie, Allentown, and Kingston among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 347 $733,135,000 $2,112,781 $5,262 3.06%

For the 2021 period, Bnb Bank's most frequently originated loan type of loans were Conventional, with 347 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 157 $452,695,000 $2,883,408 $6,070 3.18%
Home Purchase 95 $174,385,000 $1,835,632 $5,026 3.09%
Refi 79 $98,765,000 $1,250,190 $4,848 2.83%
Other 15 $6,095,000 $406,333 $3,984 2.73%
Home Improvement 1 $1,195,000 $1,195,000 $0 3.50%

For the 2021, Bnb Bank's most frequently cited loan purpose of loans were Cash Out Refi, with 157 originations. The 2nd most popular reason of loans were Home Purchase, with 95 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 194 $134,300,000 $692,268 $5,397 2.92%
10 Year 85 $411,535,000 $4,841,588 $3,636 3.31%
Other 26 $118,700,000 $4,565,385 $0 3.46%
15 Year 21 $23,705,000 $1,128,810 $4,913 2.45%
20 Year 17 $24,495,000 $1,440,882 $3,973 3.29%
5 Year 4 $20,400,000 $5,100,000 $0 3.83%

For the 2021, Bnb Bank's most frequently cited loan length of loans were 30 Year, with 194 originations. The 2nd most popular length of loans were 10 Year, with 85 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 158 $105,080,000 $665,063
$1k-2k 25 $9,895,000 $395,800
$2k-3k 12 $4,780,000 $398,333
$3k-4k 8 $3,800,000 $475,000
$5k+ 5 $3,015,000 $603,000

$5,397 of loans were Bnb Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 158 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 170 $571,210,000 $3,360,059
2.5-3% 125 $91,855,000 $734,840
<2.5% 46 $63,940,000 $1,390,000
4-5% 6 $6,130,000 $1,021,667

During 2021, Bnb Bank's average interest rate of loans were 2.92%, while their most frequently originated rate bucket of loans were 3-4%, with 170 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$1MM+ 141 $638,015,000 $4,524,929 $7,357 3.23%
$400k-600k 67 $33,195,000 $495,448 $5,337 3.02%
$200k-400k 64 $19,100,000 $298,438 $4,330 2.84%
$600k-1MM 51 $39,465,000 $773,824 $5,811 3.01%
$100k-200k 19 $2,955,000 $155,526 $3,288 2.88%
$100,000 or less 5 $405,000 $81,000 $3,822 2.73%

2021 saw Bnb Bank place emphasis on $1MM+ loans with 141 originations, totaling $638,015,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$250k+ 77 $73,895,000 $959,675 $5,812 2.76%
$150k-250k 54 $24,860,000 $460,370 $4,812 2.90%
$100k-150k 30 $11,980,000 $399,333 $6,023 2.93%
$75k-100k 25 $8,065,000 $322,600 $4,529 2.90%
$50k-75k 18 $3,830,000 $212,778 $3,984 2.98%
$50k or less 4 $830,000 $207,500 $3,921 2.84%

Bnb Bank lent most frequently to those with incomes in the $250k+ range, with 77 originations. The second most popular income band? $150k-250k, with 54 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 53 $32,365,000 $610,660 $4,883 2.80%
30-36% 49 $29,545,000 $602,959 $4,832 2.83%
<20% 21 $14,165,000 $674,524 $5,094 2.83%
40% 17 $8,975,000 $527,941 $4,400 2.74%
41% 11 $4,715,000 $428,636 $6,323 2.74%
43% 9 $6,215,000 $690,556 $6,047 3.08%
44% 8 $3,810,000 $476,250 $7,386 3.06%
47% 7 $2,895,000 $413,571 $5,103 3.14%
37% 7 $3,535,000 $505,000 $4,112 2.89%
39% 7 $9,535,000 $1,362,143 $8,962 2.93%
49% 7 $2,425,000 $346,429 $4,759 2.89%
36% 6 $3,290,000 $548,333 $4,653 2.94%
48% 5 $2,425,000 $485,000 $5,551 3.03%
46% 5 $2,645,000 $529,000 $5,923 2.98%
42% 4 $1,630,000 $407,500 $4,408 3.06%
38% 4 $4,900,000 $1,225,000 $7,252 2.78%
45% 3 $765,000 $255,000 $5,985 2.71%
50-60% 2 $580,000 $290,000 $4,630 3.00%

Bnb Bank lent most frequently to those with DTI ratios of 20-30%, with 53 originations. The next most common DTI ratio? 30-36%, with 49 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 122 $598,720,000 $4,907,541 $0 3.42%
White 125 $89,425,000 $715,400 $5,075 2.81%
Not provided 40 $19,700,000 $492,500 $5,086 2.85%
Black 37 $14,435,000 $390,135 $5,471 3.11%
Asian 19 $9,235,000 $486,053 $6,034 2.81%
Other Asian 2 $570,000 $285,000 $4,239 2.50%
Native Hawaiian 1 $545,000 $545,000 $5,571 3.25%
Asian Indian 1 $505,000 $505,000 $15,301 2.63%

Approval Rates

Total approvals of all applications
89.45%

Bnb Bank has an average approval rate.

Pick Rate

Approvals leading to origination
85.11%

Bnb Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 347 $733,135,000 $2,112,781

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
347 $733,135,000 $2,112,781

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 45 $27,805,000 $617,889 $4,670 2.79%
40-60% 90 $119,980,000 $1,333,111 $6,033 2.96%
60-80% 169 $556,195,000 $3,291,095 $5,341 3.20%
80-100% 27 $15,105,000 $559,444 $4,317 3.00%
Under 20% 16 $14,050,000 $878,125 $4,903 2.99%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Dime Community Bank 176-47 Union Turnpike Flushing, NY 11366 Full Service B&M $155,319
Dime Community Bank 1 Huntington Quadrangle, Suite 1n06 Melville, NY 11747 Full Service B&M $954,321
Dime Community Bank 1000 Port Washington Boulevard Port Washington, NY 11050 Full Service B&M $75,565
Dime Community Bank 1055 Franklin Avenue Garden City, NY 11530 Full Service B&M $110,890
Dime Community Bank 10900 Main Road Mattituck, NY 11952 Full Service B&M $133,983
Dime Community Bank 149 Kent Avenue Brooklyn, NY 11249 Full Service B&M $18,472
Dime Community Bank 15 Long Island Avenue Sag Harbor, NY 11963 Limited, Drive-thru $0
Dime Community Bank 150 Hampton Road Southampton, NY 11968 Full Service B&M $218,104
Dime Community Bank 1500 Brecknock Rd Greenport, NY 11944 Limited, Mobile/Seasonal Office $3,307
Dime Community Bank 1545 86th Street Brooklyn, NY 11228 Full Service B&M $142,714
Dime Community Bank 1600 Avenue M Brooklyn, NY 11230 Full Service B&M $83,366
Dime Community Bank 175 West Merrick Road Valley Stream, NY 11580 Full Service B&M $82,838
Dime Community Bank 3 The Plaza Montauk, NY 11954 Full Service B&M $98,233
Dime Community Bank 3121 Long Beach Road Oceanside, NY 11572 Full Service B&M $85,531
Dime Community Bank 333 Merrick Road Rockville Centre, NY 11570 Full Service B&M $81,900
Dime Community Bank 337 Main Street Huntington, NY 11743 Full Service B&M $126,930
Dime Community Bank 34 E 51st St New York, NY 10022 Full Service B&M $421,828
Dime Community Bank 34 E 51st St Fl 2 New York, NY 10022 Limited, Drive-thru $0
Dime Community Bank 35-02 Broadway Astoria, NY 11106 Full Service B&M $61,343
Dime Community Bank 380 Montauk Hwy Bay Shore, NY 11706 Full Service B&M $92,716
Dime Community Bank 400 Broadhollow Road Melville, NY 11747 Full Service B&M $265,721
Dime Community Bank 41 East Main Street Patchogue, NY 11772 Full Service B&M $206,963
Dime Community Bank 410 Commack Road Deer Park, NY 11729 Full Service B&M $208,774
Dime Community Bank 6138 Springfield Boulevard Bayside, NY 11364 Full Service B&M $132,118
Dime Community Bank 622 Old Country Road Westbury, NY 11590 Full Service B&M $83,178
Dime Community Bank 630 Montauk Hwy. Shirley, NY 11967 Full Service B&M $216,777
Dime Community Bank 6324 Route 25a Wading River, NY 11792 Full Service B&M $66,143
Dime Community Bank 75 Route 25a Rocky Point, NY 11778 Full Service B&M $41,742
Dime Community Bank 75-23 37th Avenue Jackson Heights, NY 11372 Full Service B&M $84,175
Dime Community Bank 8 Gingerbread Lane East Hampton, NY 11937 Full Service B&M $1,057,183
Dime Community Bank 814 Manhattan Ave Brooklyn, NY 11222 Full Service B&M $87,967
Dime Community Bank 8191 Jericho Turnpike Woodbury, NY 11797 Full Service B&M $174,804
Dime Community Bank 8520 4th Avenue Brooklyn, NY 11209 Full Service B&M $62,289
Dime Community Bank 898 Veterans Memorial Hwy Hauppauge, NY 11788 Full Service B&M $1,440,026
Dime Community Bank 98 Cutter Mill Road Great Neck, NY 11021 Full Service B&M $306,415
Dime Community Bank 214 Bedford Avenue Brooklyn, NY 11249 Full Service B&M $13,941
Dime Community Bank 2172 Coyle Street Brooklyn, NY 11229 Full Service B&M $104,488
Dime Community Bank 218 Front St. Greenport, NY 11944 Full Service B&M $81,116
Dime Community Bank 2200 Montauk Hwy Bridgehampton, NY 11932 Full Service B&M $441,947
Dime Community Bank 2222 Merrick Road Merrick, NY 11566 Full Service B&M $120,906
Dime Community Bank 2401 Jericho Turnpike New Hyde Park, NY 11040 Full Service B&M $135,705
Dime Community Bank 2412 Jerusalem Avenue Bellmore, NY 11710 Full Service B&M $170,963
Dime Community Bank 243 Windmill Lane Southampton, NY 11968 Full Service B&M $103,918
Dime Community Bank 2444 Francis Lewis Boulevard Whitestone, NY 11357 Full Service B&M $223,701
Dime Community Bank 25315 Union Turnpike Glen Oaks, NY 11004 Full Service B&M $115,410
Dime Community Bank 281 Broadway Brooklyn, NY 11211 Full Service B&M $98,539
Dime Community Bank 414 Main Street Suite 103/104 Port Jefferson, NY 11777 Full Service B&M $75,106
Dime Community Bank 4155 Veterans Memorial Highway, Suite 1 & 2 Ronkonkoma, NY 11779 Full Service B&M $197,677
Dime Community Bank 43-01 Bell Blvd Bayside, NY 11361 Full Service B&M $60,694
Dime Community Bank 432 Central Avenue Cedarhurst, NY 11516 Full Service B&M $105,708
Dime Community Bank 45-14 46th St Long Island City, NY 11104 Full Service B&M $111,235
Dime Community Bank 48 E. Montauk Hwy Hampton Bays, NY 11946 Full Service B&M $104,118
Dime Community Bank 481 Montauk Highway East Moriches, NY 11940 Full Service B&M $109,445
Dime Community Bank 5003 13th Avenue Brooklyn, NY 11219 Full Service B&M $69,570
Dime Community Bank 538 Broadhollow Road Melville, NY 11747 Limited, Drive-thru $0
Dime Community Bank 54970 Main Road Southold, NY 11971 Full Service B&M $106,037
Dime Community Bank 59-23 Main St Flushing, NY 11355 Full Service B&M $90,049
Dime Community Bank 1775 Merrick Avenue Merrick, NY 11566 Full Service B&M $211,583
Dime Community Bank 180 East Main Street Smithtown, NY 11787 Full Service B&M $91,375
Dime Community Bank 188 Montague Street Brooklyn, NY 11211 Full Service B&M $59,991
Dime Community Bank 1902 Kings Highway Brooklyn, NY 11229 Full Service B&M $127,022
Dime Community Bank 1931 Turnbull Avenue Bronx, NY 10473 Full Service B&M $86,761
Dime Community Bank 194 Mill Road Westhampton Beach, NY 11978 Full Service B&M $138,677
Dime Community Bank 2 Bay Street Sag Harbor, NY 11963 Full Service B&M $220,512
Dime Community Bank 208 5th Avenue Brooklyn, NY 11215 Full Service B&M $25,203
Dime Community Bank 209 West Main St. Riverhead, NY 11901 Full Service B&M $132,117
Dime Community Bank 21 North Ferry Road Shelter Island, NY 11964 Full Service B&M $28,203

For 2021, Bnb Bank had 67 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $384,530
Net interest income $366,036
Total noninterest income $40,375
Gross Fiduciary activities income $0
Service charges on deposit accounts $5,165
Trading account gains and fees $0
Additional Noninterest Income $35,210
Pre-tax net operating income $159,612
Securities gains (or losses, -) $1,207
Income before extraordinary items $112,598
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $112,598
Minority interest net income $0
Net income $112,598
Sale, conversion, retirement of capital stock, net $5,290
Net operating income $111,644

Bnb Bank's gross interest income from loans was $384,530,000.
Bnb Bank's net interest income from loans was $366,036,000.
Bnb Bank's fee based income from loans was $5,165,000.
Bnb Bank's net income from loans was $112,598,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $18,494
Provision for credit losses $6,212
Total noninterest expense $240,587
Salaries and employee benefits $126,083
Premises and equipment expense $30,347
Additional noninterest expense $84,157
Applicable income taxes $48,221
Net charge-offs $9,276
Cash dividends $20,003

Bnb Bank's interest expense for loans was $18,494,000.
Bnb Bank's payroll and benefits expense were $126,083,000.
Bnb Bank's property, plant and equipment expenses $30,347,000.

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 1.0%
HELOC loans 1.0%
All other family 1.0%
Commercial & industrial loans 3.0%
Personal loans 2.0%
Credit card loans 0.0%
Other individual loans 2.0%
Auto loans 0.0%
Other consumer loans 2.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $10,484,246
Deposits held in domestic offices $10,484,246
Deposits by Individuals, partnerships, and corporations $8,671,585
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $1,812,661
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 $1,317,786
Demand deposits $1,127,875
Nontransaction accounts $9,166,460
Money market deposit accounts (MMDAs) $3,621,552
Other savings deposits (excluding MMDAs) $4,691,665
Total time deposits $853,243
Total time and savings deposits $9,356,371
Noninterest-bearing deposits $3,945,694
Interest-bearing deposits $6,538,552
Retail deposits $10,084,088
IRAs and Keogh plan accounts $218,020
Brokered deposits $200,045
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $12,056,919
Cash & Balances due from depository institutions $391,630
Interest-bearing balances $328,659
Total securities $1,739,952
Federal funds sold & reverse repurchase $0
Net loans and leases $9,166,301
Loan and leases loss allowance $83,853
Trading account assets $0
Bank premises and fixed assets $115,183
Other real estate owned $0
Goodwill and other intangibles $163,806
All other assets $480,047

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $12,056,919
Total Liabilities $10,690,003
Total deposits $10,484,246
Interest-bearing deposits $6,538,552
Deposits held in domestic offices $10,484,246
% insured (estimated) $46
Federal funds purchased and repurchase agreements $1,862
Trading liabilities $0
Other borrowed funds $25,000
Subordinated debt $0
All other liabilities $178,895

Issued Loan Types

Type Value (in 000's)
Net loans and leases $9,166,301
Loan and leases loss allowance $83,853
Total loans and leases (domestic) $9,250,154
All real estate loans $8,299,697
Real estate loans in domestic offices $8,299,697
Construction and development loans $322,628
Residential 1-4 family construction $24,817
Other construction, all land development and other land $297,811
Loans secured by nonfarm nonresidential properties $3,949,678
Nonfarm nonresidential secured by owner-occupied properties $1,029,822
Commercial real estate & other non-farm, non-residential $2,919,856
Multifamily residential real estate $3,357,044
1-4 family residential loans $669,929
Farmland loans $418
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $930,854
To non-U.S. addressees $0
Loans to individuals $16,165
Credit card loans $20
Related Plans $15,119
Consumer Auto Loans $3
Other loans to individuals $1,023
All other loans & leases $3,438
Loans to foreign governments and official institutions $0
Other loans $733
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $179,248
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $528
Non 1-4 family restructured loans & leases $528
Total loans and leases (foreign) $0

BNB Bank had $9,166,301,000 of loans outstanding in 2021. $8,299,697,000 of loans were in real estate loans. $322,628,000 of loans were in development loans. $3,357,044,000 of loans were in multifamily mortgage loans. $669,929,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $20,000 of loans were in credit card loans. $3,000 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 623 $271,231 $435,363
Nonfarm, nonresidential loans - <$100k 9 $2,460 $273,333
Nonfarm, nonresidential loans - $100-250k 66 $8,824 $133,697
Nonfarm, nonresidential loans - $250k-1MM 548 $259,947 $474,356
Commercial & Industrial, US addressed loans - <$1MM 2,920 $269,284 $92,221
Commercial & Industrial, US addressed loans - <$100k 1,933 $60,305 $31,198
Commercial & Industrial, US addressed loans - $100-250k 473 $46,831 $99,008
Commercial & Industrial, US addressed loans - $250k-1MM 514 $162,148 $315,463
Farmland loans - <$1MM 1 $418 $418,000
Farmland loans - $250k-1MM 1 $418 $418,000