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 Refi and Home Purchase 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 an above 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

    402

    Origination Dollar Volume (All Markets)

    $104,670,000

    Employee count

    118

    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) 305 $79,375,000 $260,246 $0 0.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 74 $21,030,000 $284,189 $0 0.00%
    DOVER, DE (FHA|USDA|VA) 23 $4,265,000 $185,435 $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 400 $104,150,000 $260,375 $0 0.00%
    FHA 1 $225,000 $225,000 $0 0.00%
    VA 1 $295,000 $295,000 $0 0.00%

    For 2020, Artisans' Bank's most frequently originated type of loan was Conventional, with 400 originations. Their 2nd most popular type was FHA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 233 $60,165,000 $258,219 $0 0.00%
    Cash Out Refi 75 $20,715,000 $276,200 $0 0.00%
    Home Purchase 72 $22,240,000 $308,889 $0 0.00%
    Home Improvement 13 $855,000 $65,769 $0 0.00%
    Other 9 $695,000 $77,222 $0 0.00%

    For 2020, Artisans' Bank's most frequently cited loan purpose was Refi, with 233 originations. The 2nd most popular reason was Cash Out Refi, with 75 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 402 $104,670,000 $260,373 $0 0.00%

    For 2020, Artisans' Bank's most frequently cited loan duration was Other, with 402 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 182 $50,420,000 $277,033 $0 0.00%
    $100k-200k 110 $16,950,000 $154,091 $0 0.00%
    $400k-600k 67 $31,125,000 $464,552 $0 0.00%
    $100,000 or less 38 $2,200,000 $57,895 $0 0.00%
    $600k-1MM 4 $2,970,000 $742,500 $0 0.00%
    $1MM+ 1 $1,005,000 $1,005,000 $0 0.00%

    2020 saw Artisans' Bank place emphasis on $200k-400k loans with 182 originations, totaling $50,420,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 93 $25,045,000 $269,301 $0 0.00%
    $150k-250k 85 $25,705,000 $302,412 $0 0.00%
    $50k-75k 57 $9,845,000 $172,719 $0 0.00%
    $75k-100k 56 $12,020,000 $214,643 $0 0.00%
    $250k+ 50 $18,290,000 $365,800 $0 0.00%
    $50k or less 29 $4,185,000 $144,310 $0 0.00%

    Artisans' Bank lent most frequently to those with incomes in the $100k-150k range, with 93 originations. The second most popular income band? $150k-250k, with 85 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 402 $104,670,000 $260,373 $0 0.00%

    Artisans' Bank lent most frequently to those with DTI ratios of Exempt%, with 402 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 333 $85,785,000 $257,613 $0 0.00%
    Not applicable 20 $6,660,000 $333,000 $0 0.00%
    Not provided 21 $5,005,000 $238,333 $0 0.00%
    Asian Indian 9 $3,005,000 $333,889 $0 0.00%
    Black 11 $2,225,000 $202,273 $0 0.00%
    Asian 5 $1,385,000 $277,000 $0 0.00%
    American Indian 1 $445,000 $445,000 $0 0.00%
    Japanese 1 $95,000 $95,000 $0 0.00%
    Filipino 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.23%

    Artisans' Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    92.04%

    Artisans' Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 402 $104,670,000 $260,373

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $3,330,000 $416,250
    Single Family (1-4 Units):Manufactured 2 $380,000 $190,000
    Single Family (1-4 Units):Site-Built 392 $100,960,000 $257,551

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Artisans' Bank 100 Aerenson Drive Milford, DE 19963 Full Service B&M $21,068
    Artisans' Bank 1124 Pulaski Highway Bear, DE 19701 Full Service B&M $43,739
    Artisans' Bank 1555 South Governors Avenue Dover, DE 19904 Full Service B&M $72,846
    Artisans' Bank 1706 Marsh Road Wilmington, DE 19810 Full Service B&M $35,250
    Artisans' Bank 19358 Miller Road Rehoboth Beach, DE 19971 Full Service B&M $22,397
    Artisans' Bank 223 W. Ninth Street Wilmington, DE 19801 Full Service B&M $29,027
    Artisans' Bank 2424 Pulaski Highway Newark, DE 19702 Full Service B&M $42,580
    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 $46,927
    Artisans' Bank 35696 Atlantic Avenue Millville, DE 19967 Full Service B&M $17,671
    Artisans' Bank 3631 Silverside Road Wilmington, DE 19810 Full Service B&M $43,092
    Artisans' Bank 4551 New Linden Hill Road Wilmington, DE 19808 Full Service B&M $61,338
    Artisans' Bank 4901 Kirkwood Highway Wilmington, DE 19808 Full Service B&M $98,750

    For 2020, Artisans' Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,537
    Net interest income $16,297
    Total noninterest income $4,272
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $431
    Trading account gains and fees $0
    Additional Noninterest Income $3,841
    Pre-tax net operating income $2,611
    Securities gains (or losses, -) $50
    Income before extraordinary items $2,086
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,086
    Minority interest net income $0
    Net income $2,086
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,046

    Artisans' Bank's gross interest income from loans was $20,537,000.
    Artisans' Bank's net interest income from loans was $16,297,000.
    Artisans' Bank's fee based income from loans was $431,000.
    Artisans' Bank's net income from loans was $2,086,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,240
    Provision for credit losses $1,187
    Total noninterest expense $16,771
    Salaries and employee benefits $9,901
    Premises and equipment expense $2,094
    Additional noninterest expense $4,776
    Applicable income taxes $575
    Net charge-offs $12
    Cash dividends $0

    Artisans' Bank's interest expense for loans was $4,240,000.
    Artisans' Bank's payroll and benefits expense were $9,901,000.
    Artisans' Bank's property, plant and equipment expenses $2,094,000.

    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 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 1.0%
    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 $547,294
    Deposits held in domestic offices $547,294
    Deposits by Individuals, partnerships, and corporations $547,294
    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 $44,969
    Demand deposits $40,010
    Nontransaction accounts $502,325
    Money market deposit accounts (MMDAs) $247,014
    Other savings deposits (excluding MMDAs) $74,666
    Total time deposits $180,645
    Total time and savings deposits $507,284
    Noninterest-bearing deposits $31,813
    Interest-bearing deposits $515,481
    Retail deposits $531,623
    IRAs and Keogh plan accounts $32,346
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $621,905
    Cash & Balances due from depository institutions $50,631
    Interest-bearing balances $44,606
    Total securities $138,448
    Federal funds sold & reverse repurchase $0
    Net loans and leases $398,904
    Loan and leases loss allowance $4,951
    Trading account assets $0
    Bank premises and fixed assets $19,850
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $14,072

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $621,905
    Total Liabilities $563,899
    Total deposits $547,294
    Interest-bearing deposits $515,481
    Deposits held in domestic offices $547,294
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $6,605

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $398,904
    Loan and leases loss allowance $4,951
    Total loans and leases (domestic) $403,855
    All real estate loans $365,231
    Real estate loans in domestic offices $365,231
    Construction and development loans $48,236
    Residential 1-4 family construction $7,374
    Other construction, all land development and other land $40,862
    Loans secured by nonfarm nonresidential properties $180,644
    Nonfarm nonresidential secured by owner-occupied properties $84,841
    Commercial real estate & other non-farm, non-residential $95,803
    Multifamily residential real estate $8,486
    1-4 family residential loans $123,281
    Farmland loans $4,584
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $37,655
    To non-U.S. addressees $0
    Loans to individuals $574
    Credit card loans $0
    Related Plans $17
    Consumer Auto Loans $102
    Other loans to individuals $455
    All other loans & leases $395
    Loans to foreign governments and official institutions $0
    Other loans $395
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $7,553
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $760
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Artisans' Bank had $398,904,000 of loans outstanding in 2020. $365,231,000 of loans were in real estate loans. $48,236,000 of loans were in development loans. $8,486,000 of loans were in multifamily mortgage loans. $123,281,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $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 166 $48,919 $294,693
    Nonfarm, nonresidential loans - <$100k 14 $715 $51,071
    Nonfarm, nonresidential loans - $100-250k 49 $5,804 $118,449
    Nonfarm, nonresidential loans - $250k-1MM 103 $42,400 $411,650
    Commercial & Industrial, US addressed loans - <$1MM 223 $27,261 $122,247
    Commercial & Industrial, US addressed loans - <$100k 90 $2,435 $27,056
    Commercial & Industrial, US addressed loans - $100-250k 67 $5,733 $85,567
    Commercial & Industrial, US addressed loans - $250k-1MM 66 $19,093 $289,288
    Farmland loans - <$1MM 3 $761 $253,667
    Farmland loans - $100-250k 1 $136 $136,000
    Farmland loans - $250k-1MM 2 $625 $312,500