Calvin B. Taylor Banking Company Of Berlin Maryland Mortgage Rates, Fees & Info

Berlin, MD

LEI: 5493005NXMQ7SP5TOF96

Tax ID: 52-0505410

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

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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

    Calvin B. Taylor Banking Company Of Berlin Maryland is a smaller bank specializing in Home Purchase loans. Calvin B. Taylor Banking Company Of Berlin Maryland has a high proportion of conventional loans. Their top two markets are Salisbury and Cambridge .

    Calvin B. Taylor Banking Company Of Berlin Maryland 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. Calvin B. Taylor Banking Company Of Berlin Maryland is typically a low 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.

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    Originations

    109

    Origination Dollar Volume (All Markets)

    $22,955,000

    Employee count

    106

    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
    SALISBURY, MD-DE (FHA|USDA|VA) 66 $13,940,000 $211,212 $2,265 5.48%
    Outside of Metro Areas 42 $8,960,000 $213,333 $2,331 5.38%
    Cambridge, MD (FHA|USDA|VA) 1 $55,000 $55,000 $1,914 5.17%
    Calvin B. Taylor Banking Company Of Berlin Maryland's top markets include Salisbury and Cambridge among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Calvin B. Taylor Banking Company of Berlin Maryland based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    DEL-ONE FEDERAL CREDIT UNION
    Similarity Rank: 264
    Hebron Savings Bank
    Similarity Rank: 305
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED
    Similarity Rank: 943
    Keystone Funding, Inc.
    Similarity Rank: 1143
    PULTE MORTGAGE LLC
    Similarity Rank: 1240
    BAY CAPITAL MORTGAGE CORPORATION
    Similarity Rank: 1734
    Wilmington Savings Fund Society, FSB
    Similarity Rank: 2560
    Fulton Bank
    Similarity Rank: 2970
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C.
    Similarity Rank: 3248
    EagleBank
    Similarity Rank: 3360

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 109 $22,955,000 $210,596 $2,285 5.44%

    For 2018, Calvin B. Taylor Banking Company Of Berlin Maryland's most frequently originated type of loan was Conventional, with 109 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 78 $16,960,000 $217,436 $2,399 5.54%
    Refi 21 $4,315,000 $205,476 $1,986 5.17%
    Home Improvement 8 $1,430,000 $178,750 $2,271 5.25%
    Other 2 $250,000 $125,000 $1,727 5.12%

    For 2018, Calvin B. Taylor Banking Company Of Berlin Maryland's most frequently cited loan purpose was Home Purchase, with 78 originations. The 2nd most popular reason was Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 70 $15,610,000 $223,000 $2,317 5.47%
    5 Year 26 $5,840,000 $224,615 $0 5.22%
    20 Year 4 $460,000 $115,000 $2,052 6.00%
    10 Year 3 $275,000 $91,667 $2,512 5.67%
    30 Year 2 $240,000 $120,000 $2,180 6.00%
    15 Year 2 $170,000 $85,000 $1,832 5.30%
    30+ year 1 $305,000 $305,000 $1,396 4.75%
    1 Year 1 $55,000 $55,000 $0 5.50%

    For 2018, Calvin B. Taylor Banking Company Of Berlin Maryland's most frequently cited loan duration was Other, with 70 originations. The 2nd most popular length was 5 Year, with 26 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 67 $12,845,000 $191,716

    Calvin B. Taylor Banking Company Of Berlin Maryland's average total fees were $2,180, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 67 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 58 $10,780,000 $185,862
    4-5% 33 $9,815,000 $297,424
    6-7% 18 $2,360,000 $131,111

    During 2018, Calvin B. Taylor Banking Company Of Berlin Maryland's average interest rate for loans was 6.00%, while their most frequently originated rate bucket for loans was 5-6%, with 58 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 42 $6,380,000 $151,905 $2,226 5.50%
    $100,000 or less 28 $1,940,000 $69,286 $1,910 5.65%
    $200k-400k 27 $7,275,000 $269,444 $2,576 5.28%
    $400k-600k 9 $4,305,000 $478,333 $2,706 5.06%
    $600k-1MM 2 $1,370,000 $685,000 $3,106 5.29%
    $1MM+ 1 $1,685,000 $1,685,000 $0 5.00%

    2018 saw Calvin B. Taylor Banking Company Of Berlin Maryland place emphasis on $100k-200k loans with 42 originations, totaling $6,380,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 28 $4,840,000 $172,857 $2,324 5.60%
    $50k-75k 18 $2,710,000 $150,556 $2,380 5.64%
    $50k or less 15 $1,325,000 $88,333 $2,055 5.43%
    $150k-250k 14 $4,410,000 $315,000 $2,426 5.50%
    $75k-100k 12 $2,950,000 $245,833 $2,265 5.50%
    $250k+ 7 $1,765,000 $252,143 $2,661 4.88%

    Calvin B. Taylor Banking Company Of Berlin Maryland lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $50k-75k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 24 $3,810,000 $158,750 $2,355 5.68%
    30-36% 17 $2,465,000 $145,000 $2,093 5.21%
    <20% 8 $1,690,000 $211,250 $2,251 5.36%
    37% 7 $1,145,000 $163,571 $2,477 6.12%
    39% 4 $1,380,000 $345,000 $2,346 5.15%
    36% 3 $945,000 $315,000 $2,406 5.61%
    >60% 1 $215,000 $215,000 $2,065 5.25%
    38% 1 $195,000 $195,000 $2,471 5.25%
    41% 1 $565,000 $565,000 $3,069 4.99%
    42% 1 $285,000 $285,000 $2,845 5.43%

    Calvin B. Taylor Banking Company Of Berlin Maryland lent most frequently to those with DTI ratios of 20-30%, with 24 originations. The next most common DTI ratio? 30-36%, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 88 $16,530,000 $187,841 $2,311 5.50%
    Not applicable 14 $4,650,000 $332,143 $1,720 5.07%
    Not provided 4 $1,210,000 $302,500 $2,225 5.25%
    Black 2 $340,000 $170,000 $1,856 5.43%
    Asian 1 $225,000 $225,000 $0 5.84%

    Approval Rates

    Total approvals of all applications
    84.02%

    Calvin B. Taylor Banking Company Of Berlin Maryland has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    69.72%

    Calvin B. Taylor Banking Company Of Berlin Maryland 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 109 $22,955,000 $210,596

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $195,000 $195,000
    Single Family (1-4 Units):Manufactured 19 $1,855,000 $97,632
    Single Family (1-4 Units):Site-Built 89 $20,905,000 $234,888

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $2,890,000 $206,429 $2,057 5.33%
    40-60% 18 $2,650,000 $147,222 $2,307 5.54%
    60-80% 58 $13,610,000 $234,655 $2,345 5.41%
    80-100% 16 $3,410,000 $213,125 $2,420 5.51%
    Under 20% 3 $395,000 $131,667 $1,182 5.42%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Calvin B. Taylor Banking Company of Berlin, Maryland 100 20th Street Ocean City, MD 21842 Full Service B&M $82,381
    Calvin B. Taylor Banking Company of Berlin, Maryland 108 West Market Street Snow Hill, MD 21863 Full Service B&M $37,356
    Calvin B. Taylor Banking Company of Berlin, Maryland 11103 Cathell Road Berlin, MD 21811 Full Service B&M $68,796
    Calvin B. Taylor Banking Company of Berlin, Maryland 11359 Samuel Bowen Blvd. Berlin, MD 21811 Full Service B&M $22,555
    Calvin B. Taylor Banking Company of Berlin, Maryland 14200 Coastal Highway Ocean City, MD 21842 Full Service B&M $30,512
    Calvin B. Taylor Banking Company of Berlin, Maryland 2140 Old Snow Hill Road Pocomoke City, MD 21851 Full Service B&M $34,949
    Calvin B. Taylor Banking Company of Berlin, Maryland 24 North Main Street Berlin, MD 21811 Full Service B&M $67,930
    Calvin B. Taylor Banking Company of Berlin, Maryland 4116 Main Street Chincoteague, VA 23336 Full Service B&M $4,813
    Calvin B. Taylor Banking Company of Berlin, Maryland 50 Atlantic Avenue Ocean View, DE 19970 Full Service B&M $31,207
    Calvin B. Taylor Banking Company of Berlin, Maryland 9105 Coastal Highway Ocean City, MD 21842 Full Service B&M $17,850
    Calvin B. Taylor Banking Company of Berlin, Maryland 9923 Golf Course Road Ocean City, MD 21842 Full Service B&M $46,741

    For 2018, Calvin B. Taylor Banking Company Of Berlin Maryland had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $18,501
    Net interest income $18,090
    Total noninterest income $2,349
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $664
    Trading account gains and fees $0
    Additional Noninterest Income $1,685
    Pre-tax net operating income $9,358
    Securities gains (or losses, -) $388
    Income before extraordinary items $7,466
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,466
    Minority interest net income $0
    Net income $7,466
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,159

    Calvin B. Taylor Banking Company Of Berlin Maryland's gross interest income from loans was $18,501,000.
    Calvin B. Taylor Banking Company Of Berlin Maryland's net interest income from loans was $18,090,000.
    Calvin B. Taylor Banking Company Of Berlin Maryland's fee based income from loans was $664,000.
    Calvin B. Taylor Banking Company Of Berlin Maryland's net income from loans was $7,466,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $411
    Provision for credit losses $45
    Total noninterest expense $11,036
    Salaries and employee benefits $6,280
    Premises and equipment expense $1,355
    Additional noninterest expense $3,401
    Applicable income taxes $2,280
    Net charge-offs $219
    Cash dividends $3,815

    Calvin B. Taylor Banking Company Of Berlin Maryland's interest expense for loans was $411,000.
    Calvin B. Taylor Banking Company Of Berlin Maryland's payroll and benefits expense were $6,280,000.
    Calvin B. Taylor Banking Company Of Berlin Maryland's property, plant and equipment expenses $1,355,000.

    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 10.0%
    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 $446,356
    Deposits held in domestic offices $446,356
    Deposits by Individuals, partnerships, and corporations $438,496
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $7,488
    Deposits by Commercial banks and other depository institutions in U.S. $371
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $47,665
    Demand deposits $31,631
    Nontransaction accounts $398,690
    Money market deposit accounts (MMDAs) $58,000
    Other savings deposits (excluding MMDAs) $300,632
    Total time deposits $40,058
    Total time and savings deposits $414,724
    Noninterest-bearing deposits $154,129
    Interest-bearing deposits $292,227
    Retail deposits $441,912
    IRAs and Keogh plan accounts $10,703
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $529,698
    Cash & Balances due from depository institutions $94,736
    Interest-bearing balances $83,533
    Total securities $79,497
    Federal funds sold & reverse repurchase $5,000
    Net loans and leases $327,242
    Loan and leases loss allowance $619
    Trading account assets $0
    Bank premises and fixed assets $8,369
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $14,854

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $529,698
    Total Liabilities $447,422
    Total deposits $446,356
    Interest-bearing deposits $292,227
    Deposits held in domestic offices $446,356
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,066

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $327,242
    Loan and leases loss allowance $619
    Total loans and leases (domestic) $327,861
    All real estate loans $295,628
    Real estate loans in domestic offices $295,628
    Construction and development loans $17,175
    Residential 1-4 family construction $3,561
    Other construction, all land development and other land $13,614
    Loans secured by nonfarm nonresidential properties $163,154
    Nonfarm nonresidential secured by owner-occupied properties $67,984
    Commercial real estate & other non-farm, non-residential $95,170
    Multifamily residential real estate $2,988
    1-4 family residential loans $104,760
    Farmland loans $7,551
    Loans held in foreign offices $0
    Farm loans $126
    Commercial and industrial loans $16,151
    To non-U.S. addressees $0
    Loans to individuals $1,543
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $179
    Other loans to individuals $1,364
    All other loans & leases $14,413
    Loans to foreign governments and official institutions $0
    Other loans $11,242
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $6,144
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $4,612
    Non 1-4 family restructured loans & leases $2,923
    Total loans and leases (foreign) $0

    Calvin B. Taylor Banking Company of Berlin Maryland had $327,242,000 of loans outstanding in 2018. $295,628,000 of loans were in real estate loans. $17,175,000 of loans were in development loans. $2,988,000 of loans were in multifamily mortgage loans. $104,760,000 of loans were in 1-4 family mortgage loans. $126,000 of loans were in farm loans. $0 of loans were in credit card loans. $179,000 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 245 $52,366 $213,739
    Nonfarm, nonresidential loans - <$100k 49 $1,844 $37,633
    Nonfarm, nonresidential loans - $100-250k 81 $9,335 $115,247
    Nonfarm, nonresidential loans - $250k-1MM 115 $41,187 $358,148
    Commercial & Industrial, US addressed loans - <$1MM 177 $9,582 $54,136
    Commercial & Industrial, US addressed loans - <$100k 119 $3,057 $25,689
    Commercial & Industrial, US addressed loans - $100-250k 36 $3,231 $89,750
    Commercial & Industrial, US addressed loans - $250k-1MM 22 $3,294 $149,727
    Farmland loans - <$1MM 12 $1,684 $140,333
    Farmland loans - <$100k 3 $127 $42,333
    Farmland loans - $100-250k 5 $608 $121,600
    Farmland loans - $250k-1MM 4 $949 $237,250
    Agriculture operations loans - <$1MM 2 $126 $63,000
    Agriculture operations loans - <$100k 1 $25 $25,000
    Agriculture operations loans - $250k-1MM 1 $101 $101,000