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 above average approval rate when compared to the average across all lenders. They have a below 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

    196

    Origination Dollar Volume (All Markets)

    $40,970,000

    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 $29,825,000 $200,168 $0 0.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 29 $8,395,000 $289,483 $0 0.00%
    DOVER, DE (FHA|USDA|VA) 18 $2,750,000 $152,778 $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 192 $40,160,000 $209,167 $0 0.00%
    FHA 4 $810,000 $202,500 $0 0.00%

    For 2019, Artisans' Bank's most frequently originated type of loan was Conventional, with 192 originations. Their 2nd most popular type was FHA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 83 $19,155,000 $230,783 $0 0.00%
    Refi 55 $13,935,000 $253,364 $0 0.00%
    Cash Out Refi 22 $5,560,000 $252,727 $0 0.00%
    Home Improvement 20 $720,000 $36,000 $0 0.00%
    Other 16 $1,600,000 $100,000 $0 0.00%

    For 2019, Artisans' Bank's most frequently cited loan purpose was Home Purchase, with 83 originations. The 2nd most popular reason was Refi, with 55 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 196 $40,970,000 $209,031 $0 0.00%

    For 2019, Artisans' Bank's most frequently cited loan duration was Other, with 196 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 72 $19,280,000 $267,778 $0 0.00%
    $100,000 or less 53 $2,695,000 $50,849 $0 0.00%
    $100k-200k 48 $6,980,000 $145,417 $0 0.00%
    $400k-600k 20 $9,370,000 $468,500 $0 0.00%
    $600k-1MM 2 $1,300,000 $650,000 $0 0.00%
    $1MM+ 1 $1,345,000 $1,345,000 $0 0.00%

    2019 saw Artisans' Bank place emphasis on $200k-400k loans with 72 originations, totaling $19,280,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 35 $9,015,000 $257,571 $0 0.00%
    $50k-75k 34 $4,460,000 $131,176 $0 0.00%
    $150k-250k 31 $7,405,000 $238,871 $0 0.00%
    $50k or less 27 $2,935,000 $108,704 $0 0.00%
    $75k-100k 27 $4,855,000 $179,815 $0 0.00%
    $250k+ 26 $9,540,000 $366,923 $0 0.00%

    Artisans' Bank lent most frequently to those with incomes in the $100k-150k range, with 35 originations. The second most popular income band? $50k-75k, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 196 $40,970,000 $209,031 $0 0.00%

    Artisans' Bank lent most frequently to those with DTI ratios of Exempt%, with 196 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 163 $35,505,000 $217,822 $0 0.00%
    Not applicable 16 $2,760,000 $172,500 $0 0.00%
    Not provided 11 $1,805,000 $164,091 $0 0.00%
    Black 5 $795,000 $159,000 $0 0.00%
    Asian 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.44%

    Artisans' Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.80%

    Artisans' Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 196 $40,970,000 $209,031

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $205,000 $205,000
    Single Family (1-4 Units):Manufactured 1 $145,000 $145,000
    Single Family (1-4 Units):Site-Built 194 $40,620,000 $209,381

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Artisans' Bank 100 Aerenson Drive Milford, DE 19963 Full Service B&M $19,864
    Artisans' Bank 1124 Pulaski Highway Bear, DE 19701 Full Service B&M $37,782
    Artisans' Bank 1555 South Governors Avenue Dover, DE 19904 Full Service B&M $56,905
    Artisans' Bank 1706 Marsh Road Wilmington, DE 19810 Full Service B&M $33,218
    Artisans' Bank 19358 Miller Road Rehoboth Beach, DE 19971 Full Service B&M $20,532
    Artisans' Bank 223 W. Ninth Street Wilmington, DE 19801 Full Service B&M $23,832
    Artisans' Bank 2424 Pulaski Highway Newark, DE 19702 Full Service B&M $32,945
    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 $39,042
    Artisans' Bank 35696 Atlantic Avenue Millville, DE 19967 Full Service B&M $16,961
    Artisans' Bank 3631 Silverside Road Wilmington, DE 19810 Full Service B&M $38,275
    Artisans' Bank 4551 New Linden Hill Road Wilmington, DE 19808 Full Service B&M $56,440
    Artisans' Bank 4901 Kirkwood Highway Wilmington, DE 19808 Full Service B&M $93,066

    For 2019, Artisans' Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $21,613
    Net interest income $17,048
    Total noninterest income $2,647
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $534
    Trading account gains and fees $0
    Additional Noninterest Income $2,113
    Pre-tax net operating income $3,579
    Securities gains (or losses, -) $65
    Income before extraordinary items $2,821
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,821
    Minority interest net income $0
    Net income $2,821
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,769

    Artisans' Bank's gross interest income from loans was $21,613,000.
    Artisans' Bank's net interest income from loans was $17,048,000.
    Artisans' Bank's fee based income from loans was $534,000.
    Artisans' Bank's net income from loans was $2,821,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,565
    Provision for credit losses $30
    Total noninterest expense $16,086
    Salaries and employee benefits $9,173
    Premises and equipment expense $2,207
    Additional noninterest expense $4,706
    Applicable income taxes $823
    Net charge-offs $11
    Cash dividends $0

    Artisans' Bank's interest expense for loans was $4,565,000.
    Artisans' Bank's payroll and benefits expense were $9,173,000.
    Artisans' Bank's property, plant and equipment expenses $2,207,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 1.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 1.0%
    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 $469,446
    Deposits held in domestic offices $469,446
    Deposits by Individuals, partnerships, and corporations $469,445
    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 $35,128
    Demand deposits $31,324
    Nontransaction accounts $434,317
    Money market deposit accounts (MMDAs) $177,471
    Other savings deposits (excluding MMDAs) $59,022
    Total time deposits $197,824
    Total time and savings deposits $438,121
    Noninterest-bearing deposits $23,109
    Interest-bearing deposits $446,337
    Retail deposits $453,390
    IRAs and Keogh plan accounts $33,964
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $540,906
    Cash & Balances due from depository institutions $12,923
    Interest-bearing balances $7,700
    Total securities $105,327
    Federal funds sold & reverse repurchase $0
    Net loans and leases $387,341
    Loan and leases loss allowance $3,776
    Trading account assets $0
    Bank premises and fixed assets $20,317
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $14,998

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $540,906
    Total Liabilities $488,720
    Total deposits $469,446
    Interest-bearing deposits $446,337
    Deposits held in domestic offices $469,446
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $9,274

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $387,341
    Loan and leases loss allowance $3,776
    Total loans and leases (domestic) $391,117
    All real estate loans $355,110
    Real estate loans in domestic offices $355,110
    Construction and development loans $46,293
    Residential 1-4 family construction $10,451
    Other construction, all land development and other land $35,842
    Loans secured by nonfarm nonresidential properties $182,325
    Nonfarm nonresidential secured by owner-occupied properties $89,859
    Commercial real estate & other non-farm, non-residential $92,466
    Multifamily residential real estate $3,835
    1-4 family residential loans $116,822
    Farmland loans $5,835
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $35,239
    To non-U.S. addressees $0
    Loans to individuals $755
    Credit card loans $0
    Related Plans $52
    Consumer Auto Loans $131
    Other loans to individuals $572
    All other loans & leases $13
    Loans to foreign governments and official institutions $0
    Other loans $13
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $7,265
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $803
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Artisans' Bank had $387,341,000 of loans outstanding in 2019. $355,110,000 of loans were in real estate loans. $46,293,000 of loans were in development loans. $3,835,000 of loans were in multifamily mortgage loans. $116,822,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $131,000 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 158 $48,460 $306,709
    Nonfarm, nonresidential loans - <$100k 12 $636 $53,000
    Nonfarm, nonresidential loans - $100-250k 44 $5,263 $119,614
    Nonfarm, nonresidential loans - $250k-1MM 102 $42,561 $417,265
    Commercial & Industrial, US addressed loans - <$1MM 223 $27,826 $124,780
    Commercial & Industrial, US addressed loans - <$100k 97 $2,980 $30,722
    Commercial & Industrial, US addressed loans - $100-250k 59 $5,256 $89,085
    Commercial & Industrial, US addressed loans - $250k-1MM 67 $19,590 $292,388
    Farmland loans - <$1MM 3 $786 $262,000
    Farmland loans - $100-250k 1 $143 $143,000
    Farmland loans - $250k-1MM 2 $643 $321,500