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

Berlin, MD

LEI: 5493005NXMQ7SP5TOF96

Tax ID: 52-0505410

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Mortgage Data

Bank Data

Review & Overview

Calvin B. Taylor Banking Company Of Berlin Maryland is a smaller bank specializing in Home Purchase and Refi loans. Calvin B. Taylor Banking Company Of Berlin Maryland has a high proportion of conventional loans. Their top markets by origination volume include: Salisbury, Virginia Beach, and Richmond among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Calvin B. Taylor Banking Company Of Berlin Maryland 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.

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Originations

198

Origination Dollar Volume (All Markets)

$58,500,000

Employee count

104

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) 94 $30,660,000 $326,170 $0 0.00%
Outside of Metro Areas 101 $27,065,000 $267,970 $0 0.00%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $420,000 $210,000 $0 0.00%
RICHMOND, VA (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
Calvin B. Taylor Banking Company Of Berlin Maryland's top markets include Salisbury, Virginia Beach, and Richmond among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 198 $58,500,000 $295,455 $0 0.00%

    For 2021, Calvin B. Taylor Banking Company Of Berlin Maryland's most frequently originated type of loan was Conventional, with 198 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 144 $41,860,000 $290,694 $0 0.00%
    Refi 36 $12,210,000 $339,167 $0 0.00%
    Other 10 $1,670,000 $167,000 $0 0.00%
    Home Improvement 8 $2,760,000 $345,000 $0 0.00%

    For 2021, Calvin B. Taylor Banking Company Of Berlin Maryland's most frequently cited loan purpose was Home Purchase, with 144 originations. The 2nd most popular reason was Refi, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 198 $58,500,000 $295,455 $0 0.00%

    For 2021, Calvin B. Taylor Banking Company Of Berlin Maryland's most frequently cited loan duration was Other, with 198 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 57 $8,355,000 $146,579 $0 0.00%
    $200k-400k 57 $15,275,000 $267,982 $0 0.00%
    $100,000 or less 32 $2,230,000 $69,688 $0 0.00%
    $400k-600k 30 $14,430,000 $481,000 $0 0.00%
    $600k-1MM 19 $14,055,000 $739,737 $0 0.00%
    $1MM+ 3 $4,155,000 $1,385,000 $0 0.00%

    2021 saw Calvin B. Taylor Banking Company Of Berlin Maryland place emphasis on $100k-200k loans with 57 originations, totaling $8,355,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 50 $12,840,000 $256,800 $0 0.00%
    $250k+ 38 $18,660,000 $491,053 $0 0.00%
    $150k-250k 35 $9,305,000 $265,857 $0 0.00%
    $50k-75k 20 $3,290,000 $164,500 $0 0.00%
    $50k or less 16 $2,100,000 $131,250 $0 0.00%
    $75k-100k 12 $2,180,000 $181,667 $0 0.00%

    Calvin B. Taylor Banking Company Of Berlin Maryland lent most frequently to those with incomes in the $100k-150k range, with 50 originations. The second most popular income band? $250k+, with 38 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 198 $58,500,000 $295,455 $0 0.00%

    Calvin B. Taylor Banking Company Of Berlin Maryland lent most frequently to those with DTI ratios of Exempt%, with 198 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 148 $42,110,000 $284,527 $0 0.00%
    Not applicable 26 $9,900,000 $380,769 $0 0.00%
    Not provided 18 $5,370,000 $298,333 $0 0.00%
    Black 5 $1,005,000 $201,000 $0 0.00%
    Asian 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.77%

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

    Pick Rate

    Approvals leading to origination
    78.79%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 198 $58,500,000 $295,455

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    198 $58,500,000 $295,455

    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 $130,906
    Calvin B. Taylor Banking Company of Berlin, Maryland 108 West Market Street Snow Hill, MD 21863 Full Service B&M $55,167
    Calvin B. Taylor Banking Company of Berlin, Maryland 11103 Cathell Road Berlin, MD 21811 Full Service B&M $91,337
    Calvin B. Taylor Banking Company of Berlin, Maryland 11359 Samuel Bowen Blvd. Berlin, MD 21811 Full Service B&M $47,110
    Calvin B. Taylor Banking Company of Berlin, Maryland 14200 Coastal Highway Ocean City, MD 21842 Full Service B&M $41,180
    Calvin B. Taylor Banking Company of Berlin, Maryland 2140 Old Snow Hill Road Pocomoke City, MD 21851 Full Service B&M $61,783
    Calvin B. Taylor Banking Company of Berlin, Maryland 24 North Main Street Berlin, MD 21811 Full Service B&M $111,598
    Calvin B. Taylor Banking Company of Berlin, Maryland 25090 Shore Pkwy Onley, VA 23418 Full Service B&M $29,302
    Calvin B. Taylor Banking Company of Berlin, Maryland 4116 Main Street Chincoteague, VA 23336 Full Service B&M $24,015
    Calvin B. Taylor Banking Company of Berlin, Maryland 50 Atlantic Avenue Ocean View, DE 19970 Full Service B&M $52,307
    Calvin B. Taylor Banking Company of Berlin, Maryland 9105 Coastal Highway Ocean City, MD 21842 Full Service B&M $24,058
    Calvin B. Taylor Banking Company of Berlin, Maryland 9923 Golf Course Road Ocean City, MD 21842 Full Service B&M $71,313

    For 2021, Calvin B. Taylor Banking Company Of Berlin Maryland had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $22,461
    Net interest income $21,678
    Total noninterest income $3,936
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $776
    Trading account gains and fees $0
    Additional Noninterest Income $3,160
    Pre-tax net operating income $12,362
    Securities gains (or losses, -) $51
    Income before extraordinary items $9,490
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,490
    Minority interest net income $0
    Net income $9,490
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,449

    Calvin B. Taylor Banking Company Of Berlin Maryland's gross interest income from loans was $22,461,000.
    Calvin B. Taylor Banking Company Of Berlin Maryland's net interest income from loans was $21,678,000.
    Calvin B. Taylor Banking Company Of Berlin Maryland's fee based income from loans was $776,000.
    Calvin B. Taylor Banking Company Of Berlin Maryland's net income from loans was $9,490,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $783
    Provision for credit losses $125
    Total noninterest expense $13,127
    Salaries and employee benefits $7,607
    Premises and equipment expense $1,707
    Additional noninterest expense $3,813
    Applicable income taxes $2,923
    Net charge-offs $-37
    Cash dividends $3,628

    Calvin B. Taylor Banking Company Of Berlin Maryland's interest expense for loans was $783,000.
    Calvin B. Taylor Banking Company Of Berlin Maryland's payroll and benefits expense were $7,607,000.
    Calvin B. Taylor Banking Company Of Berlin Maryland's property, plant and equipment expenses $1,707,000.

    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 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 $803,507
    Deposits held in domestic offices $803,507
    Deposits by Individuals, partnerships, and corporations $761,920
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $39,517
    Deposits by Commercial banks and other depository institutions in U.S. $2,069
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $438,295
    Demand deposits $310,935
    Nontransaction accounts $365,211
    Money market deposit accounts (MMDAs) $172,392
    Other savings deposits (excluding MMDAs) $141,751
    Total time deposits $51,069
    Total time and savings deposits $492,571
    Noninterest-bearing deposits $283,358
    Interest-bearing deposits $520,149
    Retail deposits $797,719
    IRAs and Keogh plan accounts $13,473
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $903,080
    Cash & Balances due from depository institutions $293,485
    Interest-bearing balances $283,553
    Total securities $142,622
    Federal funds sold & reverse repurchase $0
    Net loans and leases $432,868
    Loan and leases loss allowance $1,998
    Trading account assets $0
    Bank premises and fixed assets $12,619
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $21,486

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $903,080
    Total Liabilities $806,395
    Total deposits $803,507
    Interest-bearing deposits $520,149
    Deposits held in domestic offices $803,507
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,888

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $432,868
    Loan and leases loss allowance $1,998
    Total loans and leases (domestic) $434,866
    All real estate loans $393,229
    Real estate loans in domestic offices $393,229
    Construction and development loans $23,175
    Residential 1-4 family construction $8,484
    Other construction, all land development and other land $14,691
    Loans secured by nonfarm nonresidential properties $213,095
    Nonfarm nonresidential secured by owner-occupied properties $74,701
    Commercial real estate & other non-farm, non-residential $138,394
    Multifamily residential real estate $9,714
    1-4 family residential loans $139,090
    Farmland loans $8,155
    Loans held in foreign offices $0
    Farm loans $104
    Commercial and industrial loans $28,240
    To non-U.S. addressees $0
    Loans to individuals $1,390
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $102
    Other loans to individuals $1,288
    All other loans & leases $11,904
    Loans to foreign governments and official institutions $0
    Other loans $9,441
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $5,422
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $270
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Calvin B. Taylor Banking Company of Berlin Maryland had $432,868,000 of loans outstanding in 2021. $393,229,000 of loans were in real estate loans. $23,175,000 of loans were in development loans. $9,714,000 of loans were in multifamily mortgage loans. $139,090,000 of loans were in 1-4 family mortgage loans. $104,000 of loans were in farm loans. $0 of loans were in credit card loans. $102,000 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 262 $61,463 $234,592
    Nonfarm, nonresidential loans - <$100k 50 $1,517 $30,340
    Nonfarm, nonresidential loans - $100-250k 87 $10,323 $118,655
    Nonfarm, nonresidential loans - $250k-1MM 125 $49,623 $396,984
    Commercial & Industrial, US addressed loans - <$1MM 329 $22,467 $68,289
    Commercial & Industrial, US addressed loans - <$100k 225 $4,540 $20,178
    Commercial & Industrial, US addressed loans - $100-250k 67 $8,325 $124,254
    Commercial & Industrial, US addressed loans - $250k-1MM 37 $9,602 $259,514
    Farmland loans - <$1MM 15 $2,340 $156,000
    Farmland loans - <$100k 4 $140 $35,000
    Farmland loans - $100-250k 6 $778 $129,667
    Farmland loans - $250k-1MM 5 $1,422 $284,400
    Agriculture operations loans - <$1MM 3 $104 $34,667
    Agriculture operations loans - <$100k 2 $14 $7,000
    Agriculture operations loans - $100-250k 1 $90 $90,000