Artisans' Bank Mortgage Rates, Fees & Info

Wilmington, DE

LEI: 549300JPU10TNVWFRE67

Tax ID: 51-0002130

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Artisans' Bank is a smaller bank specializing in Home Purchase and Refi loans. Artisans' Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Philadelphia, Salisbury, and Dover among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Artisans' Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

    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

    209

    Origination Dollar Volume (All Markets)

    $43,155,000

    Employee count

    119

    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
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 149 $28,785,000 $193,188 $0 0.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 44 $12,590,000 $286,136 $0 0.00%
    DOVER, DE (FHA|USDA|VA) 16 $1,780,000 $111,250 $0 0.00%
    Artisans' Bank's top markets include Philadelphia, Salisbury, and Dover among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 199 $40,945,000 $205,754 $0 0.00%
    FHA 9 $1,925,000 $213,889 $0 0.00%
    VA 1 $285,000 $285,000 $0 0.00%

    For 2018, Artisans' Bank's most frequently originated type of loan was Conventional, with 199 originations. Their 2nd most popular type was FHA, with 9 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 99 $22,455,000 $226,818 $0 0.00%
    Refi 48 $12,380,000 $257,917 $0 0.00%
    Home Improvement 24 $1,350,000 $56,250 $0 0.00%
    Cash Out Refi 22 $5,210,000 $236,818 $0 0.00%
    Other 16 $1,760,000 $110,000 $0 0.00%

    For 2018, Artisans' Bank's most frequently cited loan purpose was Home Purchase, with 99 originations. The 2nd most popular reason was Refi, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 209 $43,155,000 $206,483 $0 0.00%

    For 2018, Artisans' Bank's most frequently cited loan duration was Other, with 209 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 72 $20,180,000 $280,278 $0 0.00%
    $100,000 or less 60 $3,260,000 $54,333 $0 0.00%
    $100k-200k 58 $8,580,000 $147,931 $0 0.00%
    $400k-600k 13 $5,875,000 $451,923 $0 0.00%
    $600k-1MM 5 $3,575,000 $715,000 $0 0.00%
    $1MM+ 1 $1,685,000 $1,685,000 $0 0.00%

    2018 saw Artisans' Bank place emphasis on $200k-400k loans with 72 originations, totaling $20,180,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 41 $10,215,000 $249,146 $0 0.00%
    $50k-75k 39 $6,015,000 $154,231 $0 0.00%
    $50k or less 34 $4,360,000 $128,235 $0 0.00%
    $75k-100k 33 $5,465,000 $165,606 $0 0.00%
    $150k-250k 28 $6,750,000 $241,071 $0 0.00%
    $250k+ 15 $6,275,000 $418,333 $0 0.00%

    Artisans' Bank lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $50k-75k, with 39 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 209 $43,155,000 $206,483 $0 0.00%

    Artisans' Bank lent most frequently to those with DTI ratios of Exempt%, with 209 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 153 $34,555,000 $225,850 $0 0.00%
    Not provided 32 $3,980,000 $124,375 $0 0.00%
    Not applicable 10 $2,210,000 $221,000 $0 0.00%
    Black 10 $1,470,000 $147,000 $0 0.00%
    American Indian 2 $510,000 $255,000 $0 0.00%
    Asian 2 $430,000 $215,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.68%

    Artisans' Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.82%

    Artisans' Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 209 $43,155,000 $206,483

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $295,000 $295,000
    Single Family (1-4 Units):Manufactured 5 $495,000 $99,000
    Single Family (1-4 Units):Site-Built 203 $42,365,000 $208,695

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Artisans' Bank 100 Aerenson Drive Milford, DE 19963 Full Service B&M $17,197
    Artisans' Bank 1124 Pulaski Highway Bear, DE 19701 Full Service B&M $37,895
    Artisans' Bank 1555 South Governors Avenue Dover, DE 19904 Full Service B&M $58,960
    Artisans' Bank 1706 Marsh Road Wilmington, DE 19810 Full Service B&M $36,974
    Artisans' Bank 19358 Miller Road Rehoboth Beach, DE 19971 Full Service B&M $17,778
    Artisans' Bank 223 W. Ninth Street Wilmington, DE 19801 Full Service B&M $22,630
    Artisans' Bank 2424 Pulaski Highway Newark, DE 19702 Full Service B&M $30,067
    Artisans' Bank 2961 Centerville Road Wilmington, DE 19808 Full Service B&M $0
    Artisans' Bank 2961 Centerville Road Wilmington, DE 19808 Full Service B&M $46,591
    Artisans' Bank 35696 Atlantic Avenue Millville, DE 19967 Full Service B&M $16,400
    Artisans' Bank 3631 Silverside Road Wilmington, DE 19810 Full Service B&M $40,873
    Artisans' Bank 4551 New Linden Hill Road Wilmington, DE 19808 Full Service B&M $57,102
    Artisans' Bank 4901 Kirkwood Highway Wilmington, DE 19808 Full Service B&M $90,445

    For 2018, Artisans' Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,116
    Net interest income $17,268
    Total noninterest income $2,767
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $533
    Trading account gains and fees $0
    Additional Noninterest Income $2,234
    Pre-tax net operating income $3,896
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,057
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,057
    Minority interest net income $0
    Net income $3,057
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,057

    Artisans' Bank's gross interest income from loans was $20,116,000.
    Artisans' Bank's net interest income from loans was $17,268,000.
    Artisans' Bank's fee based income from loans was $533,000.
    Artisans' Bank's net income from loans was $3,057,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,848
    Provision for credit losses $-653
    Total noninterest expense $16,792
    Salaries and employee benefits $9,135
    Premises and equipment expense $2,307
    Additional noninterest expense $5,350
    Applicable income taxes $839
    Net charge-offs $-270
    Cash dividends $0

    Artisans' Bank's interest expense for loans was $2,848,000.
    Artisans' Bank's payroll and benefits expense were $9,135,000.
    Artisans' Bank's property, plant and equipment expenses $2,307,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 1.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 6.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $464,417
    Deposits held in domestic offices $464,417
    Deposits by Individuals, partnerships, and corporations $464,417
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $0
    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 $36,981
    Demand deposits $33,125
    Nontransaction accounts $427,436
    Money market deposit accounts (MMDAs) $181,378
    Other savings deposits (excluding MMDAs) $58,346
    Total time deposits $187,712
    Total time and savings deposits $431,292
    Noninterest-bearing deposits $22,021
    Interest-bearing deposits $442,396
    Retail deposits $451,145
    IRAs and Keogh plan accounts $33,788
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $534,842
    Cash & Balances due from depository institutions $13,353
    Interest-bearing balances $8,017
    Total securities $107,506
    Federal funds sold & reverse repurchase $0
    Net loans and leases $376,209
    Loan and leases loss allowance $3,757
    Trading account assets $0
    Bank premises and fixed assets $21,071
    Other real estate owned $189
    Goodwill and other intangibles $0
    All other assets $16,514

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $534,842
    Total Liabilities $487,061
    Total deposits $464,417
    Interest-bearing deposits $442,396
    Deposits held in domestic offices $464,417
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $14,000
    Subordinated debt $0
    All other liabilities $8,644

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $376,209
    Loan and leases loss allowance $3,757
    Total loans and leases (domestic) $379,966
    All real estate loans $346,352
    Real estate loans in domestic offices $346,352
    Construction and development loans $45,043
    Residential 1-4 family construction $6,805
    Other construction, all land development and other land $38,238
    Loans secured by nonfarm nonresidential properties $168,772
    Nonfarm nonresidential secured by owner-occupied properties $77,085
    Commercial real estate & other non-farm, non-residential $91,687
    Multifamily residential real estate $4,595
    1-4 family residential loans $121,604
    Farmland loans $6,338
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $32,779
    To non-U.S. addressees $0
    Loans to individuals $816
    Credit card loans $0
    Related Plans $42
    Consumer Auto Loans $118
    Other loans to individuals $656
    All other loans & leases $19
    Loans to foreign governments and official institutions $0
    Other loans $19
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $5,436
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,172
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Artisans' Bank had $376,209,000 of loans outstanding in 2018. $346,352,000 of loans were in real estate loans. $45,043,000 of loans were in development loans. $4,595,000 of loans were in multifamily mortgage loans. $121,604,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $118,000 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 159 $46,495 $292,421
    Nonfarm, nonresidential loans - <$100k 13 $672 $51,692
    Nonfarm, nonresidential loans - $100-250k 46 $5,514 $119,870
    Nonfarm, nonresidential loans - $250k-1MM 100 $40,309 $403,090
    Commercial & Industrial, US addressed loans - <$1MM 205 $24,917 $121,546
    Commercial & Industrial, US addressed loans - <$100k 87 $2,627 $30,195
    Commercial & Industrial, US addressed loans - $100-250k 53 $4,861 $91,717
    Commercial & Industrial, US addressed loans - $250k-1MM 65 $17,429 $268,138
    Farmland loans - <$1MM 3 $809 $269,667
    Farmland loans - $100-250k 1 $149 $149,000
    Farmland loans - $250k-1MM 2 $660 $330,000