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, Home Purchase, and Cash Out Refi loans. Artisans' Bank has a high proportion of conventional loans. 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

    296

    Origination Dollar Volume (All Markets)

    $79,190,000

    Employee count

    117

    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) 213 $55,175,000 $259,038 $0 0.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 69 $21,805,000 $316,014 $0 0.00%
    DOVER, DE (FHA|USDA|VA) 14 $2,210,000 $157,857 $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 294 $78,620,000 $267,415 $0 0.00%
    VA 2 $570,000 $285,000 $0 0.00%

    For 2021, Artisans' Bank's most frequently originated type of loan was Conventional, with 294 originations. Their 2nd most popular type was VA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 112 $31,680,000 $282,857 $0 0.00%
    Home Purchase 94 $27,770,000 $295,426 $0 0.00%
    Cash Out Refi 62 $17,580,000 $283,548 $0 0.00%
    Home Improvement 20 $1,200,000 $60,000 $0 0.00%
    Other 8 $960,000 $120,000 $0 0.00%

    For 2021, Artisans' Bank's most frequently cited loan purpose was Refi, with 112 originations. The 2nd most popular reason was Home Purchase, with 94 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 296 $79,190,000 $267,534 $0 0.00%

    For 2021, Artisans' Bank's most frequently cited loan duration was Other, with 296 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 135 $38,495,000 $285,148 $0 0.00%
    $100k-200k 72 $10,610,000 $147,361 $0 0.00%
    $400k-600k 41 $19,615,000 $478,415 $0 0.00%
    $100,000 or less 38 $2,280,000 $60,000 $0 0.00%
    $600k-1MM 8 $5,530,000 $691,250 $0 0.00%
    $1MM+ 2 $2,660,000 $1,330,000 $0 0.00%

    2021 saw Artisans' Bank place emphasis on $200k-400k loans with 135 originations, totaling $38,495,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 61 $17,575,000 $288,115 $0 0.00%
    $75k-100k 51 $11,265,000 $220,882 $0 0.00%
    $100k-150k 49 $14,105,000 $287,857 $0 0.00%
    $250k+ 34 $12,470,000 $366,765 $0 0.00%
    $50k-75k 33 $5,965,000 $180,758 $0 0.00%
    $50k or less 25 $3,115,000 $124,600 $0 0.00%

    Artisans' Bank lent most frequently to those with incomes in the $150k-250k range, with 61 originations. The second most popular income band? $75k-100k, with 51 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 296 $79,190,000 $267,534 $0 0.00%

    Artisans' Bank lent most frequently to those with DTI ratios of Exempt%, with 296 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 223 $58,205,000 $261,009 $0 0.00%
    Not applicable 36 $12,370,000 $343,611 $0 0.00%
    Not provided 16 $3,870,000 $241,875 $0 0.00%
    Asian Indian 8 $2,210,000 $276,250 $0 0.00%
    Black 6 $1,380,000 $230,000 $0 0.00%
    Asian 2 $800,000 $400,000 $0 0.00%
    Japanese 5 $355,000 $71,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.50%

    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
    94.59%

    Artisans' Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 296 $79,190,000 $267,534

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    296 $79,190,000 $267,534

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Artisans' Bank 100 Aerenson Drive Milford, DE 19963 Full Service B&M $23,403
    Artisans' Bank 1124 Pulaski Highway Bear, DE 19701 Full Service B&M $45,485
    Artisans' Bank 1555 South Governors Avenue Dover, DE 19904 Full Service B&M $77,414
    Artisans' Bank 1706 Marsh Road Wilmington, DE 19810 Full Service B&M $36,879
    Artisans' Bank 19358 Miller Road Rehoboth Beach, DE 19971 Full Service B&M $25,238
    Artisans' Bank 223 W. Ninth Street Wilmington, DE 19801 Full Service B&M $28,698
    Artisans' Bank 2424 Pulaski Highway Newark, DE 19702 Full Service B&M $46,847
    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 $51,670
    Artisans' Bank 35696 Atlantic Avenue Millville, DE 19967 Full Service B&M $17,293
    Artisans' Bank 3631 Silverside Road Wilmington, DE 19810 Full Service B&M $46,855
    Artisans' Bank 4551 New Linden Hill Road Wilmington, DE 19808 Full Service B&M $65,731
    Artisans' Bank 4901 Kirkwood Highway Wilmington, DE 19808 Full Service B&M $100,546

    For 2021, Artisans' Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $19,629
    Net interest income $18,110
    Total noninterest income $4,183
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $417
    Trading account gains and fees $0
    Additional Noninterest Income $3,766
    Pre-tax net operating income $5,945
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,522
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,522
    Minority interest net income $0
    Net income $4,522
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,522

    Artisans' Bank's gross interest income from loans was $19,629,000.
    Artisans' Bank's net interest income from loans was $18,110,000.
    Artisans' Bank's fee based income from loans was $417,000.
    Artisans' Bank's net income from loans was $4,522,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,519
    Provision for credit losses $-395
    Total noninterest expense $16,743
    Salaries and employee benefits $9,649
    Premises and equipment expense $2,146
    Additional noninterest expense $4,948
    Applicable income taxes $1,423
    Net charge-offs $-64
    Cash dividends $0

    Artisans' Bank's interest expense for loans was $1,519,000.
    Artisans' Bank's payroll and benefits expense were $9,649,000.
    Artisans' Bank's property, plant and equipment expenses $2,146,000.

    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 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 6.0%

    Deposits

    Type Value (in 000's)
    Total deposits $589,130
    Deposits held in domestic offices $589,130
    Deposits by Individuals, partnerships, and corporations $589,126
    Deposits by U.S. Government $4
    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 $50,705
    Demand deposits $45,373
    Nontransaction accounts $538,425
    Money market deposit accounts (MMDAs) $281,880
    Other savings deposits (excluding MMDAs) $91,099
    Total time deposits $165,447
    Total time and savings deposits $543,757
    Noninterest-bearing deposits $40,274
    Interest-bearing deposits $548,856
    Retail deposits $572,087
    IRAs and Keogh plan accounts $34,487
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $664,833
    Cash & Balances due from depository institutions $49,054
    Interest-bearing balances $44,958
    Total securities $165,625
    Federal funds sold & reverse repurchase $0
    Net loans and leases $416,808
    Loan and leases loss allowance $4,620
    Trading account assets $0
    Bank premises and fixed assets $19,961
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $13,385

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $664,833
    Total Liabilities $605,350
    Total deposits $589,130
    Interest-bearing deposits $548,856
    Deposits held in domestic offices $589,130
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $6,220

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $416,808
    Loan and leases loss allowance $4,620
    Total loans and leases (domestic) $421,428
    All real estate loans $384,281
    Real estate loans in domestic offices $384,281
    Construction and development loans $48,980
    Residential 1-4 family construction $15,216
    Other construction, all land development and other land $33,764
    Loans secured by nonfarm nonresidential properties $188,642
    Nonfarm nonresidential secured by owner-occupied properties $87,300
    Commercial real estate & other non-farm, non-residential $101,342
    Multifamily residential real estate $13,637
    1-4 family residential loans $129,637
    Farmland loans $3,385
    Loans held in foreign offices $0
    Farm loans $206
    Commercial and industrial loans $36,388
    To non-U.S. addressees $0
    Loans to individuals $539
    Credit card loans $0
    Related Plans $27
    Consumer Auto Loans $53
    Other loans to individuals $459
    All other loans & leases $14
    Loans to foreign governments and official institutions $0
    Other loans $14
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $8,577
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $231
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Artisans' Bank had $416,808,000 of loans outstanding in 2021. $384,281,000 of loans were in real estate loans. $48,980,000 of loans were in development loans. $13,637,000 of loans were in multifamily mortgage loans. $129,637,000 of loans were in 1-4 family mortgage loans. $206,000 of loans were in farm loans. $0 of loans were in credit card loans. $53,000 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 164 $50,783 $309,652
    Nonfarm, nonresidential loans - <$100k 14 $677 $48,357
    Nonfarm, nonresidential loans - $100-250k 44 $5,576 $126,727
    Nonfarm, nonresidential loans - $250k-1MM 106 $44,530 $420,094
    Commercial & Industrial, US addressed loans - <$1MM 218 $25,205 $115,619
    Commercial & Industrial, US addressed loans - <$100k 90 $2,121 $23,567
    Commercial & Industrial, US addressed loans - $100-250k 52 $4,092 $78,692
    Commercial & Industrial, US addressed loans - $250k-1MM 76 $18,992 $249,895
    Farmland loans - <$1MM 4 $789 $197,250
    Farmland loans - <$100k 1 $55 $55,000
    Farmland loans - $100-250k 1 $129 $129,000
    Farmland loans - $250k-1MM 2 $605 $302,500
    Agriculture operations loans - <$1MM 2 $205 $102,500
    Agriculture operations loans - <$100k 1 $87 $87,000
    Agriculture operations loans - $100-250k 1 $118 $118,000