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 (well, only) market is Salisbury.

    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 about average 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

    127

    Origination Dollar Volume (All Markets)

    $29,985,000

    Employee count

    103

    Awards

    Calvin B. Taylor Banking Company of Berlin Maryland 30 Year Conventional Loans gold Calvin B. Taylor Banking Company of Berlin Maryland 30 Year Conventional Loans bronze
    Show all (2) awards

    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) 73 $19,975,000 $273,630 $2,979 5.02%
    Outside of Metro Areas 54 $10,010,000 $185,370 $2,394 4.90%
    Calvin B. Taylor Banking Company Of Berlin Maryland's top markets include and Salisbury among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Delaware (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: 84
    Calvin B. Taylor Banking Company of Berlin, Maryland
    Similarity Rank: 204
    Hebron Savings Bank
    Similarity Rank: 460
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED
    Similarity Rank: 672
    BAY CAPITAL MORTGAGE CORPORATION
    Similarity Rank: 1974
    EagleBank
    Similarity Rank: 2196
    Stifel Bank and Trust
    Similarity Rank: 2681
    Sandy Spring Bank
    Similarity Rank: 2700
    TRIDENT MORTGAGE COMPANY LP
    Similarity Rank: 3146
    FIRST SAVINGS MORTGAGE CORPORATION
    Similarity Rank: 3392

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 127 $29,985,000 $236,102 $2,724 4.97%

    For 2019, Calvin B. Taylor Banking Company Of Berlin Maryland's most frequently originated type of loan was Conventional, with 127 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 94 $24,430,000 $259,894 $2,879 5.02%
    Refi 21 $3,765,000 $179,286 $2,314 4.86%
    Other 7 $1,075,000 $153,571 $2,329 4.68%
    Home Improvement 4 $540,000 $135,000 $2,273 5.12%
    Cash Out Refi 1 $175,000 $175,000 $2,432 4.19%

    For 2019, Calvin B. Taylor Banking Company Of Berlin Maryland's most frequently cited loan purpose was Home Purchase, with 94 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
    30 Year 54 $14,920,000 $276,296 $2,865 4.62%
    15 Year 26 $3,370,000 $129,615 $2,347 4.63%
    5 Year 20 $3,630,000 $181,500 $2,219 5.44%
    Other 17 $5,735,000 $337,353 $2,809 5.63%
    30+ year 3 $615,000 $205,000 $3,015 5.48%
    20 Year 2 $300,000 $150,000 $0 6.13%
    1 Year 2 $870,000 $435,000 $3,645 5.63%
    10 Year 2 $90,000 $45,000 $1,289 5.50%
    3 Year 1 $455,000 $455,000 $0 5.85%

    For 2019, Calvin B. Taylor Banking Company Of Berlin Maryland's most frequently cited loan duration was 30 Year, with 54 originations. The 2nd most popular length was 15 Year, with 26 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 92 $23,420,000 $254,565

    Calvin B. Taylor Banking Company Of Berlin Maryland's average total fees were $2,865, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 92 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 62 $17,150,000 $276,613
    5-6% 50 $9,850,000 $197,000
    3-4% 10 $2,520,000 $252,000
    6-7% 4 $440,000 $110,000
    7-8% 1 $25,000 $25,000

    During 2019, Calvin B. Taylor Banking Company Of Berlin Maryland's average interest rate for loans was 4.62%, while their most frequently originated rate bucket for loans was 4-5%, with 62 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 46 $6,580,000 $143,043 $2,468 5.01%
    $100,000 or less 32 $2,140,000 $66,875 $2,072 5.09%
    $200k-400k 30 $8,450,000 $281,667 $2,911 4.89%
    $400k-600k 11 $5,095,000 $463,182 $3,415 4.85%
    $600k-1MM 6 $4,060,000 $676,667 $3,785 4.78%
    $1MM+ 2 $3,660,000 $1,830,000 $6,480 4.60%

    2019 saw Calvin B. Taylor Banking Company Of Berlin Maryland place emphasis on $100k-200k loans with 46 originations, totaling $6,580,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 26 $5,730,000 $220,385 $2,669 4.88%
    $150k-250k 23 $4,855,000 $211,087 $2,847 5.05%
    $75k-100k 18 $3,330,000 $185,000 $2,551 5.09%
    $50k-75k 17 $2,515,000 $147,941 $2,498 4.82%
    $250k+ 14 $9,270,000 $662,143 $3,644 4.55%
    $50k or less 12 $890,000 $74,167 $2,051 4.80%

    Calvin B. Taylor Banking Company Of Berlin Maryland lent most frequently to those with incomes in the $100k-150k range, with 26 originations. The second most popular income band? $150k-250k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 31 $8,415,000 $271,452 $2,872 4.81%
    30-36% 23 $5,565,000 $241,957 $2,675 4.59%
    <20% 18 $3,900,000 $216,667 $2,495 4.88%
    37% 6 $1,770,000 $295,000 $3,176 4.68%
    36% 5 $1,755,000 $351,000 $3,206 4.31%
    39% 4 $510,000 $127,500 $2,115 4.38%
    41% 3 $1,095,000 $365,000 $2,962 5.11%
    50-60% 2 $410,000 $205,000 $2,525 5.62%

    Calvin B. Taylor Banking Company Of Berlin Maryland lent most frequently to those with DTI ratios of 20-30%, with 31 originations. The next most common DTI ratio? 30-36%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 102 $24,050,000 $235,784 $2,701 4.91%
    Not applicable 15 $2,985,000 $199,000 $0 5.58%
    Not provided 5 $1,515,000 $303,000 $2,961 4.96%
    Black 3 $825,000 $275,000 $2,841 4.61%
    Asian 2 $610,000 $305,000 $3,061 3.85%

    Approval Rates

    Total approvals of all applications
    85.88%

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

    Pick Rate

    Approvals leading to origination
    80.31%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 127 $29,985,000 $236,102

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $1,055,000 $351,667
    Single Family (1-4 Units):Manufactured 19 $2,135,000 $112,368
    Single Family (1-4 Units):Site-Built 105 $26,795,000 $255,190

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $2,685,000 $141,316 $2,377 5.03%
    40-60% 27 $6,555,000 $242,778 $2,879 4.98%
    60-80% 60 $13,030,000 $217,167 $2,644 5.00%
    80-100% 19 $7,575,000 $398,684 $3,070 4.68%
    Over 100% 1 $95,000 $95,000 $0 5.65%
    Under 20% 1 $45,000 $45,000 $0 6.25%

    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 $81,793
    Calvin B. Taylor Banking Company of Berlin, Maryland 108 West Market Street Snow Hill, MD 21863 Full Service B&M $37,588
    Calvin B. Taylor Banking Company of Berlin, Maryland 11103 Cathell Road Berlin, MD 21811 Full Service B&M $67,064
    Calvin B. Taylor Banking Company of Berlin, Maryland 11359 Samuel Bowen Blvd. Berlin, MD 21811 Full Service B&M $23,501
    Calvin B. Taylor Banking Company of Berlin, Maryland 14200 Coastal Highway Ocean City, MD 21842 Full Service B&M $27,231
    Calvin B. Taylor Banking Company of Berlin, Maryland 2140 Old Snow Hill Road Pocomoke City, MD 21851 Full Service B&M $36,833
    Calvin B. Taylor Banking Company of Berlin, Maryland 24 North Main Street Berlin, MD 21811 Full Service B&M $64,613
    Calvin B. Taylor Banking Company of Berlin, Maryland 4116 Main Street Chincoteague, VA 23336 Full Service B&M $7,386
    Calvin B. Taylor Banking Company of Berlin, Maryland 50 Atlantic Avenue Ocean View, DE 19970 Full Service B&M $28,381
    Calvin B. Taylor Banking Company of Berlin, Maryland 9105 Coastal Highway Ocean City, MD 21842 Full Service B&M $16,879
    Calvin B. Taylor Banking Company of Berlin, Maryland 9923 Golf Course Road Ocean City, MD 21842 Full Service B&M $43,275

    For 2019, Calvin B. Taylor Banking Company Of Berlin Maryland had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,659
    Net interest income $19,971
    Total noninterest income $2,733
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $643
    Trading account gains and fees $0
    Additional Noninterest Income $2,090
    Pre-tax net operating income $11,034
    Securities gains (or losses, -) $41
    Income before extraordinary items $8,334
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,334
    Minority interest net income $0
    Net income $8,334
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,301

    Calvin B. Taylor Banking Company Of Berlin Maryland's gross interest income from loans was $20,659,000.
    Calvin B. Taylor Banking Company Of Berlin Maryland's net interest income from loans was $19,971,000.
    Calvin B. Taylor Banking Company Of Berlin Maryland's fee based income from loans was $643,000.
    Calvin B. Taylor Banking Company Of Berlin Maryland's net income from loans was $8,334,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $688
    Provision for credit losses $270
    Total noninterest expense $11,400
    Salaries and employee benefits $6,890
    Premises and equipment expense $1,416
    Additional noninterest expense $3,094
    Applicable income taxes $2,741
    Net charge-offs $36
    Cash dividends $3,399

    Calvin B. Taylor Banking Company Of Berlin Maryland's interest expense for loans was $688,000.
    Calvin B. Taylor Banking Company Of Berlin Maryland's payroll and benefits expense were $6,890,000.
    Calvin B. Taylor Banking Company Of Berlin Maryland's property, plant and equipment expenses $1,416,000.

    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 7.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $454,114
    Deposits held in domestic offices $454,114
    Deposits by Individuals, partnerships, and corporations $444,292
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $9,284
    Deposits by Commercial banks and other depository institutions in U.S. $537
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $51,715
    Demand deposits $34,750
    Nontransaction accounts $402,398
    Money market deposit accounts (MMDAs) $58,969
    Other savings deposits (excluding MMDAs) $305,086
    Total time deposits $38,342
    Total time and savings deposits $419,363
    Noninterest-bearing deposits $158,169
    Interest-bearing deposits $295,945
    Retail deposits $446,566
    IRAs and Keogh plan accounts $10,347
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $545,953
    Cash & Balances due from depository institutions $90,386
    Interest-bearing balances $78,364
    Total securities $67,743
    Federal funds sold & reverse repurchase $0
    Net loans and leases $362,389
    Loan and leases loss allowance $853
    Trading account assets $0
    Bank premises and fixed assets $9,737
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $15,698

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $545,952
    Total Liabilities $458,468
    Total deposits $454,114
    Interest-bearing deposits $295,945
    Deposits held in domestic offices $454,114
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $4,354

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $362,389
    Loan and leases loss allowance $853
    Total loans and leases (domestic) $363,242
    All real estate loans $329,103
    Real estate loans in domestic offices $329,103
    Construction and development loans $22,494
    Residential 1-4 family construction $6,492
    Other construction, all land development and other land $16,002
    Loans secured by nonfarm nonresidential properties $182,853
    Nonfarm nonresidential secured by owner-occupied properties $74,060
    Commercial real estate & other non-farm, non-residential $108,793
    Multifamily residential real estate $4,211
    1-4 family residential loans $117,991
    Farmland loans $1,554
    Loans held in foreign offices $0
    Farm loans $20
    Commercial and industrial loans $17,968
    To non-U.S. addressees $0
    Loans to individuals $1,474
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $113
    Other loans to individuals $1,361
    All other loans & leases $14,677
    Loans to foreign governments and official institutions $0
    Other loans $11,078
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $4,722
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $673
    Non 1-4 family restructured loans & leases $214
    Total loans and leases (foreign) $0

    Calvin B. Taylor Banking Company of Berlin Maryland had $362,389,000 of loans outstanding in 2019. $329,103,000 of loans were in real estate loans. $22,494,000 of loans were in development loans. $4,211,000 of loans were in multifamily mortgage loans. $117,991,000 of loans were in 1-4 family mortgage loans. $20,000 of loans were in farm loans. $0 of loans were in credit card loans. $113,000 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 251 $57,407 $228,713
    Nonfarm, nonresidential loans - <$100k 55 $2,034 $36,982
    Nonfarm, nonresidential loans - $100-250k 80 $9,955 $124,438
    Nonfarm, nonresidential loans - $250k-1MM 116 $45,418 $391,534
    Commercial & Industrial, US addressed loans - <$1MM 214 $11,324 $52,916
    Commercial & Industrial, US addressed loans - <$100k 148 $3,316 $22,405
    Commercial & Industrial, US addressed loans - $100-250k 42 $3,366 $80,143
    Commercial & Industrial, US addressed loans - $250k-1MM 24 $4,642 $193,417
    Farmland loans - <$1MM 13 $1,554 $119,538
    Farmland loans - <$100k 2 $143 $71,500
    Farmland loans - $100-250k 7 $954 $136,286
    Farmland loans - $250k-1MM 4 $457 $114,250
    Agriculture operations loans - <$1MM 1 $20 $20,000
    Agriculture operations loans - <$100k 1 $20 $20,000