Bnb Bank Mortgage Rates, Fees & Info
Bridgehampton, NYLEI: 549300UWA74T8PF7KY34
Tax ID: 11-2934194
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Mortgage Data
Bank Data
Review & 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 two markets are New York and Syracuse .Bnb Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
153Origination Dollar Volume (All Markets)
$149,195,000Employee count
473Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 150 | $141,290,000 | $941,933 | $0 | 0.00% |
| SYRACUSE, NY (FHA|USDA|VA) | 3 | $7,905,000 | $2,635,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against BNB Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 153 | $149,195,000 | $975,131 | $0 | 0.00% |
For 2018, Bnb Bank's most frequently originated type of loan was Conventional, with 153 originations.
Loan Reason
For 2018, Bnb Bank's most frequently cited loan purpose was Cash Out Refi, with 70 originations. The 2nd most popular reason was Home Purchase, with 59 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 153 | $149,195,000 | $975,131 | $0 | 0.00% |
For 2018, Bnb Bank's most frequently cited loan duration was Other, with 153 originations.
Loan Sizing
2018 saw Bnb Bank place emphasis on $1MM+ loans with 41 originations, totaling $95,565,000 in origination value.
Applicant Income
Bnb Bank lent most frequently to those with incomes in the $250k+ range, with 53 originations. The second most popular income band? $150k-250k, with 27 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 153 | $149,195,000 | $975,131 | $0 | 0.00% |
Bnb Bank lent most frequently to those with DTI ratios of Exempt%, with 153 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.83%
Bnb Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.35%
Bnb Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 153 | $149,195,000 | $975,131 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 22 | $56,520,000 | $2,569,091 |
| Single Family (1-4 Units):Site-Built | 131 | $92,675,000 | $707,443 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| BNB Bank | 1055 Franklin Avenue Garden City, NY 11530 | Full Service B&M | $83,213 |
| BNB Bank | 10900 Main Road Mattituck, NY 11952 | Full Service B&M | $87,588 |
| BNB Bank | 12 East 52nd Street New York, NY 10022 | Full Service B&M | $143,024 |
| BNB Bank | 15 Long Island Avenue Sag Harbor, NY 11963 | Limited, Drive-thru | $0 |
| BNB Bank | 150 Hampton Road Southampton, NY 11968 | Full Service B&M | $165,421 |
| BNB Bank | 1500 Brecknock Rd Greenport, NY 11944 | Limited, Mobile/Seasonal Office | $2,729 |
| BNB Bank | 180 East Main Street Smithtown, NY 11787 | Full Service B&M | $36,300 |
| BNB Bank | 194 Mill Road Westhampton Beach, NY 11978 | Full Service B&M | $94,585 |
| BNB Bank | 2 Bay Street Sag Harbor, NY 11963 | Full Service B&M | $148,053 |
| BNB Bank | 200 Middle Neck Rd Great Neck, NY 11021 | Full Service B&M | $118,451 |
| BNB Bank | 209 West Main St. Riverhead, NY 11901 | Full Service B&M | $23,969 |
| BNB Bank | 21 North Ferry Road Shelter Island, NY 11964 | Full Service B&M | $16,011 |
| BNB Bank | 218 Front St. Greenport, NY 11944 | Full Service B&M | $62,270 |
| BNB Bank | 2200 Montauk Highway Bridgehampton, NY 11932 | Full Service B&M | $672,198 |
| BNB Bank | 2222 Merrick Road Merrick, NY 11566 | Full Service B&M | $74,345 |
| BNB Bank | 243 Windmill Lane Southampton, NY 11968 | Full Service B&M | $86,939 |
| BNB Bank | 3 The Plaza Montauk, NY 11954 | Full Service B&M | $70,128 |
| BNB Bank | 3121 Long Beach Road Oceanside, NY 11572 | Full Service B&M | $39,737 |
| BNB Bank | 333 Merrick Road Rockville Centre, NY 11570 | Full Service B&M | $57,380 |
| BNB Bank | 337 Main Street Huntington, NY 11743 | Full Service B&M | $55,536 |
| BNB Bank | 35-02 Broadway Astoria, NY 11106 | Full Service B&M | $8,133 |
| BNB Bank | 380 Montauk Hwy Bay Shore, NY 11706 | Full Service B&M | $52,029 |
| BNB Bank | 400 Broadhollow Road Melville, NY 11747 | Full Service B&M | $123,443 |
| BNB Bank | 41 East Main Street Patchogue, NY 11772 | Full Service B&M | $137,000 |
| BNB Bank | 410 Commack Road Deer Park, NY 11729 | Full Service B&M | $117,370 |
| BNB Bank | 414 Main Street Suite 103/104 Port Jefferson, NY 11777 | Full Service B&M | $26,761 |
| BNB Bank | 4155 Veterans Memorial Highway, Suite 1 & 2 Ronkonkoma, NY 11779 | Full Service B&M | $57,975 |
| BNB Bank | 43-01 Bell Blvd Bayside, NY 11361 | Full Service B&M | $43,256 |
| BNB Bank | 48 E. Montauk Hwy Hampton Bays, NY 11946 | Full Service B&M | $57,813 |
| BNB Bank | 481 Montauk Highway East Moriches, NY 11940 | Full Service B&M | $75,653 |
| BNB Bank | 54970 Main Road Southold, NY 11971 | Full Service B&M | $70,750 |
| BNB Bank | 55 Main Street East Hampton, NY 11937 | Limited, Drive-thru | $0 |
| BNB Bank | 630 Montauk Hwy. Shirley, NY 11967 | Full Service B&M | $136,978 |
| BNB Bank | 6324 Route 25a Wading River, NY 11792 | Full Service B&M | $50,011 |
| BNB Bank | 75 Route 25a Rocky Point, NY 11778 | Full Service B&M | $27,654 |
| BNB Bank | 8 Gingerbread Lane East Hampton, NY 11937 | Full Service B&M | $347,283 |
| BNB Bank | 8191 Jericho Turnpike Woodbury, NY 11797 | Full Service B&M | $50,432 |
| BNB Bank | 898 Veterans Memorial Highway, Suite 240 Hauppauge, NY 11788 | Full Service B&M | $139,705 |
For 2018, Bnb Bank had 38 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $168,984 |
| Net interest income | $141,320 |
| Total noninterest income | $19,382 |
| Gross Fiduciary activities income | $2 |
| Service charges on deposit accounts | $5,347 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $14,033 |
| Pre-tax net operating income | $60,965 |
| Securities gains (or losses, -) | $-7,921 |
| Income before extraordinary items | $42,896 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $42,896 |
| Minority interest net income | $0 |
| Net income | $42,896 |
| Sale, conversion, retirement of capital stock, net | $3,486 |
| Net operating income | $49,312 |
Bnb Bank's gross interest income from loans was $168,984,000.
Bnb Bank's net interest income from loans was $141,320,000.
Bnb Bank's fee based income from loans was $5,347,000.
Bnb Bank's net income from loans was $42,896,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $27,664 |
| Provision for credit losses | $1,800 |
| Total noninterest expense | $97,937 |
| Salaries and employee benefits | $50,458 |
| Premises and equipment expense | $14,230 |
| Additional noninterest expense | $33,249 |
| Applicable income taxes | $10,148 |
| Net charge-offs | $2,089 |
| Cash dividends | $15,000 |
Bnb Bank's interest expense for loans was $27,664,000.
Bnb Bank's payroll and benefits expense were $50,458,000.
Bnb Bank's property, plant and equipment expenses $14,230,000.
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 | 1.0% |
| 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 | $3,887,930 |
| Deposits held in domestic offices | $3,887,930 |
| Deposits by Individuals, partnerships, and corporations | $3,221,953 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $665,977 |
| 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 | $682,008 |
| Demand deposits | $590,564 |
| Nontransaction accounts | $3,205,922 |
| Money market deposit accounts (MMDAs) | $1,407,621 |
| Other savings deposits (excluding MMDAs) | $1,468,810 |
| Total time deposits | $329,491 |
| Total time and savings deposits | $3,297,366 |
| Noninterest-bearing deposits | $1,450,143 |
| Interest-bearing deposits | $2,437,787 |
| Retail deposits | $3,561,613 |
| IRAs and Keogh plan accounts | $17,188 |
| Brokered deposits | $251,802 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $4,699,432 |
| Cash & Balances due from depository institutions | $295,368 |
| Interest-bearing balances | $153,223 |
| Total securities | $841,049 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $3,244,393 |
| Loan and leases loss allowance | $31,418 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $35,008 |
| Other real estate owned | $175 |
| Goodwill and other intangibles | $110,324 |
| All other assets | $173,115 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $4,699,432 |
| Total Liabilities | $4,167,208 |
| Total deposits | $3,887,930 |
| Interest-bearing deposits | $2,437,787 |
| Deposits held in domestic offices | $3,887,930 |
| % insured (estimated) | $44 |
| Federal funds purchased and repurchase agreements | $539 |
| Trading liabilities | $0 |
| Other borrowed funds | $240,433 |
| Subordinated debt | $0 |
| All other liabilities | $38,306 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $3,244,393 |
| Loan and leases loss allowance | $31,418 |
| Total loans and leases (domestic) | $3,275,811 |
| All real estate loans | $2,662,549 |
| Real estate loans in domestic offices | $2,662,549 |
| Construction and development loans | $124,748 |
| Residential 1-4 family construction | $14,770 |
| Other construction, all land development and other land | $109,978 |
| Loans secured by nonfarm nonresidential properties | $1,341,706 |
| Nonfarm nonresidential secured by owner-occupied properties | $532,541 |
| Commercial real estate & other non-farm, non-residential | $809,165 |
| Multifamily residential real estate | $586,198 |
| 1-4 family residential loans | $609,417 |
| Farmland loans | $480 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $591,332 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $19,110 |
| Credit card loans | $48 |
| Related Plans | $16,434 |
| Consumer Auto Loans | $65 |
| Other loans to individuals | $2,563 |
| All other loans & leases | $2,820 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,533 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $53,108 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $14,960 |
| Non 1-4 family restructured loans & leases | $13,530 |
| Total loans and leases (foreign) | $0 |
BNB Bank had $3,244,393,000 of loans outstanding in 2018. $2,662,549,000 of loans were in real estate loans. $124,748,000 of loans were in development loans. $586,198,000 of loans were in multifamily mortgage loans. $609,417,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $48,000 of loans were in credit card loans. $65,000 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 | 506 | $201,569 | $398,358 |
| Nonfarm, nonresidential loans - <$100k | 11 | $673 | $61,182 |
| Nonfarm, nonresidential loans - $100-250k | 68 | $9,989 | $146,897 |
| Nonfarm, nonresidential loans - $250k-1MM | 427 | $190,907 | $447,089 |
| Commercial & Industrial, US addressed loans - <$1MM | 2,026 | $251,073 | $123,925 |
| Commercial & Industrial, US addressed loans - <$100k | 1,209 | $43,575 | $36,042 |
| Commercial & Industrial, US addressed loans - $100-250k | 390 | $44,659 | $114,510 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 427 | $162,839 | $381,356 |
| Farmland loans - <$1MM | 2 | $480 | $240,000 |
| Farmland loans - $100-250k | 1 | $22 | $22,000 |
| Farmland loans - $250k-1MM | 1 | $458 | $458,000 |