Admirals Bank Mortgage Rates, Fees & Info

Boston, MA

LEI: 549300TJGBPVMBWV5P74

Tax ID: 05-0317408

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Mortgage Data

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

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  • Income
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  • Deposit Mix
  • Loan Performance
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    • Review & Overview

    Admirals Bank is a smaller bank specializing in Home Improvement loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Philadelphia, Tampa, New York, Chicago, and Kansas City among others. We have data for 246 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Admirals Bank has a below 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

    740

    Origination Dollar Volume (All Markets)

    $17,850,000

    Employee count

    59

    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
    Outside of Metro Areas 39 $965,000 $24,744 $1,512 7.41%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 34 $820,000 $24,118 $1,514 7.33%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 26 $490,000 $18,846 $1,255 7.30%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 17 $405,000 $23,824 $1,493 7.94%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 15 $375,000 $25,000 $1,580 7.52%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 14 $360,000 $25,714 $1,667 7.94%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 16 $360,000 $22,500 $1,439 8.07%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 12 $320,000 $26,667 $1,558 8.34%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 12 $320,000 $26,667 $1,529 7.11%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 11 $255,000 $23,182 $1,500 7.93%
    COLUMBUS, OH (FHA|USDA|VA) 11 $255,000 $23,182 $1,409 7.79%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 10 $230,000 $23,000 $1,434 7.79%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 10 $230,000 $23,000 $1,520 7.66%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 9 $225,000 $25,000 $1,614 7.18%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 9 $225,000 $25,000 $1,605 8.27%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 6 $210,000 $35,000 $1,538 8.13%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 8 $200,000 $25,000 $1,539 7.81%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 7 $185,000 $26,429 $1,582 8.00%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 5 $185,000 $37,000 $1,488 7.54%
    WICHITA, KS (FHA|USDA|VA) 6 $180,000 $30,000 $1,475 7.45%
    SALISBURY, MD-DE (FHA|USDA|VA) 7 $175,000 $25,000 $1,596 8.10%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 7 $175,000 $25,000 $1,370 7.04%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 9 $175,000 $19,444 $1,303 7.00%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 7 $175,000 $25,000 $1,459 7.44%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 8 $170,000 $21,250 $1,313 7.96%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 6 $170,000 $28,333 $1,610 6.97%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 7 $165,000 $23,571 $1,506 8.13%
    JACKSONVILLE, FL (FHA|USDA|VA) 7 $165,000 $23,571 $1,509 7.78%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 7 $165,000 $23,571 $1,562 7.14%
    TULSA, OK (FHA|USDA|VA) 6 $160,000 $26,667 $1,456 8.66%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 7 $155,000 $22,143 $1,507 7.86%
    Outside of Metro Areas 6 $150,000 $25,000 $1,615 7.54%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 6 $150,000 $25,000 $1,615 8.15%
    SYRACUSE, NY (FHA|USDA|VA) 6 $150,000 $25,000 $1,587 6.87%
    WORCESTER, MA-CT (FHA|USDA|VA) 7 $145,000 $20,714 $1,470 7.50%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 6 $140,000 $23,333 $1,478 7.58%
    LAFAYETTE, LA (FHA|USDA|VA) 6 $140,000 $23,333 $1,547 7.33%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 5 $135,000 $27,000 $1,556 8.16%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 5 $125,000 $25,000 $1,578 7.50%
    BATON ROUGE, LA (FHA|USDA|VA) 4 $120,000 $30,000 $1,417 7.18%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 5 $115,000 $23,000 $1,392 6.66%
    TOLEDO, OH (FHA|USDA|VA) 3 $115,000 $38,333 $1,589 7.22%
    Elko, NV (FHA|USDA|VA) 5 $115,000 $23,000 $1,544 7.59%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 4 $110,000 $27,500 $1,485 6.93%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 4 $100,000 $25,000 $1,573 6.95%
    RALEIGH-CARY, NC (FHA|USDA|VA) 4 $100,000 $25,000 $1,538 7.09%
    SPRINGFIELD, IL (FHA|USDA|VA) 3 $95,000 $31,667 $1,527 6.80%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 3 $95,000 $31,667 $1,954 8.17%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 5 $95,000 $19,000 $1,373 7.64%
    RICHMOND, VA (FHA|USDA|VA) 4 $90,000 $22,500 $1,546 7.41%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 4 $90,000 $22,500 $1,441 8.69%
    LINCOLN, NE (FHA|USDA|VA) 4 $90,000 $22,500 $1,510 7.82%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 4 $90,000 $22,500 $1,514 7.61%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $80,000 $40,000 $1,279 6.22%
    BEND, OR (FHA|USDA|VA) 2 $80,000 $40,000 $1,616 7.95%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $75,000 $25,000 $1,530 8.11%
    PITTSBURGH, PA (FHA|USDA|VA) 3 $75,000 $25,000 $1,610 8.19%
    Opelousas, LA (FHA|USDA|VA) 3 $75,000 $25,000 $1,476 7.92%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $75,000 $25,000 $1,614 7.62%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 3 $75,000 $25,000 $1,616 7.55%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $75,000 $25,000 $1,530 8.63%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 3 $75,000 $25,000 $1,614 8.42%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 3 $75,000 $25,000 $1,609 6.95%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $75,000 $25,000 $1,610 8.88%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 3 $75,000 $25,000 $1,016 6.80%
    LAKE CHARLES, LA (FHA|USDA|VA) 3 $75,000 $25,000 $1,372 8.08%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 3 $75,000 $25,000 $1,612 8.50%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $75,000 $25,000 $1,545 7.96%
    COLUMBIA, SC (FHA|USDA|VA) 3 $75,000 $25,000 $1,559 7.80%
    CHEYENNE, WY (FHA|USDA|VA) 2 $70,000 $35,000 $1,211 8.31%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 4 $70,000 $17,500 $1,298 7.09%
    Wabash, IN (FHA|USDA|VA) 1 $65,000 $65,000 $1,616 6.95%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $65,000 $21,667 $1,409 7.28%
    FORT COLLINS, CO (FHA|USDA|VA) 2 $60,000 $30,000 $1,473 7.81%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $55,000 $18,333 $1,473 6.57%
    SPRINGFIELD, MA (FHA|USDA|VA) 3 $55,000 $18,333 $1,357 7.62%
    BATTLE CREEK, MI (FHA|USDA|VA) 1 $55,000 $55,000 $1,616 6.95%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $55,000 $18,333 $1,352 7.05%
    Glasgow, KY (FHA|USDA|VA) 1 $55,000 $55,000 $1,616 8.88%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $50,000 $25,000 $1,613 7.91%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $50,000 $25,000 $1,616 7.91%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $50,000 $25,000 $1,613 7.91%
    TOPEKA, KS (FHA|USDA|VA) 2 $50,000 $25,000 $1,616 8.31%
    Grand Rapids, MN (FHA|USDA|VA) 2 $50,000 $25,000 $1,469 6.72%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $50,000 $25,000 $1,610 7.50%
    Batavia, NY (FHA|USDA|VA) 2 $50,000 $25,000 $1,231 8.04%
    STOCKTON, CA (FHA|USDA|VA) 2 $50,000 $25,000 $1,610 8.88%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $50,000 $25,000 $1,562 8.69%
    MUNCIE, IN (FHA|USDA|VA) 2 $50,000 $25,000 $1,613 7.81%
    MANHATTAN, KS (FHA|USDA|VA) 2 $50,000 $25,000 $1,459 6.91%
    HUNTSVILLE, AL (FHA|USDA|VA) 2 $50,000 $25,000 $1,613 7.35%
    Hutchinson, MN (FHA|USDA|VA) 2 $50,000 $25,000 $1,613 7.45%
    Okeechobee, FL (FHA|USDA|VA) 2 $50,000 $25,000 $1,613 8.41%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $50,000 $25,000 $1,705 8.13%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $50,000 $25,000 $1,318 7.91%
    DOVER, DE (FHA|USDA|VA) 2 $50,000 $25,000 $1,616 8.41%
    PEORIA, IL (FHA|USDA|VA) 2 $50,000 $25,000 $1,610 8.41%
    RENO, NV (FHA|USDA|VA) 2 $50,000 $25,000 $1,607 7.91%
    REDDING, CA (FHA|USDA|VA) 2 $50,000 $25,000 $1,613 8.05%
    Owatonna, MN (FHA|USDA|VA) 2 $50,000 $25,000 $1,506 7.91%
    UTICA-ROME, NY (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 6.91%
    PUEBLO, CO (FHA|USDA|VA) 2 $50,000 $25,000 $1,616 6.72%
    LOUISVILLE, KY (FHA|USDA|VA) 2 $50,000 $25,000 $1,610 8.88%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 2 $50,000 $25,000 $1,597 8.69%
    FARGO, ND-MN (FHA|USDA|VA) 2 $50,000 $25,000 $1,616 7.31%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 2 $50,000 $25,000 $1,004 7.95%
    BOISE CITY, ID (FHA|USDA|VA) 2 $50,000 $25,000 $1,616 8.41%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 2 $50,000 $25,000 $1,616 8.23%
    FORT WAYNE, IN (FHA|USDA|VA) 2 $50,000 $25,000 $1,610 7.91%
    Prineville, OR (FHA|USDA|VA) 1 $45,000 $45,000 $1,616 6.95%
    Dodge City, KS (FHA|USDA|VA) 1 $45,000 $45,000 $1,610 6.95%
    Sandpoint, ID (FHA|USDA|VA) 1 $45,000 $45,000 $1,616 5.95%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $40,000 $20,000 $1,109 8.69%
    Lake City, FL (FHA|USDA|VA) 2 $40,000 $20,000 $1,461 7.73%
    EAU CLAIRE, WI (FHA|USDA|VA) 2 $40,000 $20,000 $1,292 8.50%
    Wapakoneta, OH (FHA|USDA|VA) 2 $40,000 $20,000 $1,402 6.75%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $40,000 $20,000 $1,243 8.19%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $40,000 $20,000 $1,370 7.81%
    MONROE, MI (FHA|USDA|VA) 2 $40,000 $20,000 $1,353 7.41%
    Warrensburg, MO (FHA|USDA|VA) 2 $40,000 $20,000 $918 8.88%
    ALEXANDRIA, LA (FHA|USDA|VA) 2 $40,000 $20,000 $1,466 7.50%
    GRANTS PASS, OR (FHA|USDA|VA) 1 $35,000 $35,000 $1,601 8.88%
    FORT SMITH, AR-OK (FHA|USDA|VA) 1 $35,000 $35,000 $1,616 5.13%
    LYNCHBURG, VA (FHA|USDA|VA) 2 $30,000 $15,000 $1,145 8.88%
    MODESTO, CA (FHA|USDA|VA) 2 $30,000 $15,000 $1,225 6.04%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $30,000 $15,000 $1,309 8.31%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 2 $30,000 $15,000 $1,131 6.45%
    Washington, IN (FHA|USDA|VA) 2 $30,000 $15,000 $1,100 6.81%
    NILES, MI (FHA|USDA|VA) 2 $30,000 $15,000 $1,069 7.06%
    DeRidder, LA (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 7.50%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.88%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $25,000 $25,000 $1,528 7.95%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.95%
    BANGOR, ME (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 8.88%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.88%
    BAY CITY, MI (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 7.95%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $25,000 $25,000 $1,702 9.50%
    BELLINGHAM, WA (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 8.88%
    BINGHAMTON, NY (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.75%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.13%
    Centralia, WA (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.75%
    Charleston-Mattoon, IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.95%
    CHICO, CA (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.13%
    Chillicothe, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.60%
    Clarksburg, WV (FHA|USDA|VA) 1 $25,000 $25,000 $1,513 8.50%
    CLEVELAND, TN (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.88%
    Columbus, MS (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 8.50%
    Connersville, IN (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 7.95%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 4.95%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.88%
    Dixon, IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,279 6.95%
    DOTHAN, AL (FHA|USDA|VA) 1 $25,000 $25,000 $1,600 8.88%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $25,000 $25,000 $1,448 7.75%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $25,000 $25,000 $479 7.95%
    Faribault-Northfield, MN (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 6.95%
    FAYETTEVILLE, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.50%
    Findlay, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 4.95%
    Fort Polk South, LA (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.75%
    FRESNO, CA (FHA|USDA|VA) 1 $25,000 $25,000 $1,587 8.88%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 6.75%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.88%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.88%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $25,000 $25,000 $1,449 6.95%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.88%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.50%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 7.75%
    Jennings, LA (FHA|USDA|VA) 1 $25,000 $25,000 $1,608 5.95%
    JOPLIN, MO (FHA|USDA|VA) 1 $25,000 $25,000 $1,515 6.50%
    KANKAKEE, IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 6.63%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.95%
    LANCASTER, PA (FHA|USDA|VA) 1 $25,000 $25,000 $1,486 8.38%
    LAS CRUCES, NM (FHA|USDA|VA) 1 $25,000 $25,000 $1,587 8.88%
    MADISON, WI (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.50%
    Magnolia, AR (FHA|USDA|VA) 1 $25,000 $25,000 $1,505 5.70%
    Malvern, AR (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 8.50%
    MANKATO, MN (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 6.95%
    MANSFIELD, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 6.95%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 6.50%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.50%
    OCALA, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 4.75%
    Oneonta, NY (FHA|USDA|VA) 1 $25,000 $25,000 $1,563 6.95%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 7.50%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.88%
    Peru, IN (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 6.95%
    PINE BLUFF, AR (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.50%
    Pittsburg, KS (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.95%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.50%
    POCATELLO, ID (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.95%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 6.95%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.88%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 8.88%
    READING, PA (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 4.95%
    Red Bluff, CA (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.88%
    Rexburg, ID (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.95%
    ROCHESTER, NY (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 7.50%
    ROCKFORD, IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 6.95%
    SALT LAKE CITY, UT (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.95%
    SANTA FE, NM (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.88%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.88%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 7.95%
    Shelbyville, TN (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 7.95%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 7.95%
    TERRE HAUTE, IN (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 8.88%
    TUCSON, AZ (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 8.88%
    Tupelo, MS (FHA|USDA|VA) 1 $25,000 $25,000 $1,017 6.95%
    Urbana, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.88%
    VALLEJO, CA (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.50%
    Vincennes, IN (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 8.88%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 7.95%
    WILMINGTON, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,445 6.95%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 6.95%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,163 8.88%
    YAKIMA, WA (FHA|USDA|VA) 1 $25,000 $25,000 $1,418 8.88%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.95%
    ROCHESTER, MN (FHA|USDA|VA) 2 $20,000 $10,000 $1,099 7.41%
    JACKSON, MS (FHA|USDA|VA) 1 $15,000 $15,000 $1,195 8.88%
    Taylorville, IL (FHA|USDA|VA) 1 $15,000 $15,000 $1,340 8.88%
    CASPER, WY (FHA|USDA|VA) 1 $15,000 $15,000 $1,195 8.50%
    GREELEY, CO (FHA|USDA|VA) 1 $15,000 $15,000 $1,252 8.50%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $15,000 $15,000 $1,081 8.38%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $15,000 $15,000 $1,043 9.13%
    Fort Morgan, CO (FHA|USDA|VA) 1 $15,000 $15,000 $1,353 7.50%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $15,000 $15,000 $1,198 8.50%
    Cambridge, MD (FHA|USDA|VA) 1 $15,000 $15,000 $1,376 7.50%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $15,000 $15,000 $726 5.13%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $15,000 $15,000 $1,372 7.95%
    Winfield, KS (FHA|USDA|VA) 1 $15,000 $15,000 $1,052 5.25%
    SALEM, OR (FHA|USDA|VA) 1 $15,000 $15,000 $1,231 5.95%
    AKRON, OH (FHA|USDA|VA) 1 $15,000 $15,000 $1,259 8.88%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $15,000 $15,000 $1,113 8.88%
    Laurinburg, NC (FHA|USDA|VA) 1 $15,000 $15,000 $1,330 8.88%
    Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 1 $15,000 $15,000 $1,109 7.38%
    Richmond, IN (FHA|USDA|VA) 1 $15,000 $15,000 $1,218 8.88%
    Ottawa, IL (FHA|USDA|VA) 1 $15,000 $15,000 $1,143 8.13%
    DECATUR, IL (FHA|USDA|VA) 1 $15,000 $15,000 $1,307 6.95%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $15,000 $15,000 $1,022 6.95%
    Coshocton, OH (FHA|USDA|VA) 1 $15,000 $15,000 $1,271 5.13%
    Corsicana, TX (FHA|USDA|VA) 1 $15,000 $15,000 $1,321 10.38%
    Concord, NH (FHA|USDA|VA) 1 $15,000 $15,000 $1,110 6.50%
    New Castle, IN (FHA|USDA|VA) 1 $15,000 $15,000 $909 7.95%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $15,000 $15,000 $1,060 8.13%
    MOBILE, AL (FHA|USDA|VA) 1 $15,000 $15,000 $1,197 6.50%
    LIMA, OH (FHA|USDA|VA) 1 $15,000 $15,000 $970 8.88%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $15,000 $15,000 $1,298 8.88%
    TUSCALOOSA, AL (FHA|USDA|VA) 1 $5,000 $5,000 $884 5.13%
    Show Low, AZ (FHA|USDA|VA) 1 $5,000 $5,000 $848 8.88%
    Admirals Bank's top markets include Philadelphia, Tampa, New York, Chicago, and Kansas City among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 740 $17,850,000 $24,122 $1,485 7.65%

    For 2018, Admirals Bank's most frequently originated type of loan was FHA, with 740 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 740 $17,850,000 $24,122 $1,485 7.65%

    For 2018, Admirals Bank's most frequently cited loan purpose was Home Improvement, with 740 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 449 $11,265,000 $25,089 $1,518 8.09%
    15 Year 102 $2,550,000 $25,000 $1,510 7.80%
    10 Year 92 $2,130,000 $23,152 $1,448 7.21%
    5 Year 56 $1,030,000 $18,393 $1,278 5.28%
    Other 41 $875,000 $21,341 $1,429 6.63%

    For 2018, Admirals Bank's most frequently cited loan duration was 20 Year, with 449 originations. The 2nd most popular length was 15 Year, with 102 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 538 $14,400,000 $26,766
    $<1k 198 $3,310,000 $16,717
    $2k-3k 2 $90,000 $45,000

    Admirals Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 538 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 302 $7,080,000 $23,444
    6-7% 218 $5,580,000 $25,596
    7-8% 141 $3,645,000 $25,851
    5-6% 55 $1,085,000 $19,727
    4-5% 24 $460,000 $19,167

    During 2018, Admirals Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 302 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 740 $17,850,000 $24,122 $1,485 7.65%

    2018 saw Admirals Bank place emphasis on $100,000 or less loans with 740 originations, totaling $17,850,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 224 $5,750,000 $25,670 $1,523 7.65%
    $50k-75k 170 $3,720,000 $21,882 $1,419 7.68%
    $75k-100k 167 $4,075,000 $24,401 $1,511 7.81%
    $150k-250k 108 $2,880,000 $26,667 $1,559 7.51%
    $50k or less 64 $1,250,000 $19,531 $1,326 7.55%
    $250k+ 7 $175,000 $25,000 $1,477 6.10%

    Admirals Bank lent most frequently to those with incomes in the $100k-150k range, with 224 originations. The second most popular income band? $50k-75k, with 170 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 161 $3,885,000 $24,130 $1,478 7.64%
    20-30% 120 $2,880,000 $24,000 $1,485 7.16%
    44% 83 $1,965,000 $23,675 $1,502 7.98%
    43% 67 $1,665,000 $24,851 $1,469 7.97%
    42% 58 $1,450,000 $25,000 $1,520 7.69%
    40% 51 $1,175,000 $23,039 $1,522 7.90%
    39% 39 $965,000 $24,744 $1,424 7.49%
    36% 36 $860,000 $23,889 $1,484 7.89%
    41% 35 $845,000 $24,143 $1,473 7.58%
    37% 32 $790,000 $24,688 $1,461 7.57%
    38% 30 $690,000 $23,000 $1,506 7.65%
    <20% 18 $410,000 $22,778 $1,473 7.10%
    45% 10 $270,000 $27,000 $1,477 8.50%

    Admirals Bank lent most frequently to those with DTI ratios of 30-36%, with 161 originations. The next most common DTI ratio? 20-30%, with 120 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 617 $14,995,000 $24,303 $1,486 7.62%
    Black 57 $1,235,000 $21,667 $1,427 7.67%
    Not provided 38 $900,000 $23,684 $1,488 7.93%
    Asian 17 $455,000 $26,765 $1,578 7.72%
    American Indian 8 $190,000 $23,750 $1,560 7.62%
    Not applicable 2 $50,000 $25,000 $1,616 8.88%
    Native Hawaiian or Islander 1 $25,000 $25,000 $1,616 8.13%

    Approval Rates

    Total approvals of all applications
    56.67%

    Admirals Bank has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    64.46%

    Admirals Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 740 $17,850,000 $24,122

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 38 $870,000 $22,895
    Single Family (1-4 Units):Site-Built 702 $16,980,000 $24,188

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 78 $2,240,000 $28,718 $1,525 7.68%
    40-60% 11 $345,000 $31,364 $1,507 7.21%
    60-80% 3 $85,000 $28,333 $1,606 7.63%
    80-100% 7 $175,000 $25,000 $1,321 7.15%
    Over 100% 1 $25,000 $25,000 $1,616 4.95%
    Under 20% 640 $14,980,000 $23,406 $1,480 7.66%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Admirals Bank 15 Park Row West Providence, RI 2903 Full Service B&M $47,563
    Admirals Bank 579 Boylston Street Boston, MA 2116 Full Service B&M $141,303

    For 2018, Admirals Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,101
    Net interest income $10,108
    Total noninterest income $821
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $27
    Trading account gains and fees $0
    Additional Noninterest Income $794
    Pre-tax net operating income $-6,689
    Securities gains (or losses, -) $0
    Income before extraordinary items $-6,689
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $-6,689
    Minority interest net income $0
    Net income $-6,689
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $-6,689

    Admirals Bank's gross interest income from loans was $14,101,000.
    Admirals Bank's net interest income from loans was $10,108,000.
    Admirals Bank's fee based income from loans was $27,000.
    Admirals Bank's net income from loans was $-6,689,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,993
    Provision for credit losses $584
    Total noninterest expense $17,034
    Salaries and employee benefits $6,965
    Premises and equipment expense $4,577
    Additional noninterest expense $5,492
    Applicable income taxes $0
    Net charge-offs $929
    Cash dividends $0

    Admirals Bank's interest expense for loans was $3,993,000.
    Admirals Bank's payroll and benefits expense were $6,965,000.
    Admirals Bank's property, plant and equipment expenses $4,577,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 3.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 5.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 4.0%
    HELOC loans 8.0%
    All other family 4.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 100.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $165,138
    Deposits held in domestic offices $165,138
    Deposits by Individuals, partnerships, and corporations $120,759
    Deposits by U.S. Government $13
    Deposits by States and political subdivisions in the U.S. $12,547
    Deposits by Commercial banks and other depository institutions in U.S. $31,819
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $8,653
    Demand deposits $867
    Nontransaction accounts $156,485
    Money market deposit accounts (MMDAs) $95,822
    Other savings deposits (excluding MMDAs) $1,179
    Total time deposits $59,483
    Total time and savings deposits $164,271
    Noninterest-bearing deposits $880
    Interest-bearing deposits $164,258
    Retail deposits $150,057
    IRAs and Keogh plan accounts $1,761
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $240,252
    Cash & Balances due from depository institutions $44,333
    Interest-bearing balances $42,162
    Total securities $0
    Federal funds sold & reverse repurchase $0
    Net loans and leases $185,448
    Loan and leases loss allowance $2,009
    Trading account assets $0
    Bank premises and fixed assets $2,475
    Other real estate owned $0
    Goodwill and other intangibles $697
    All other assets $7,299

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $240,252
    Total Liabilities $218,538
    Total deposits $165,138
    Interest-bearing deposits $164,258
    Deposits held in domestic offices $165,138
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $48,000
    Subordinated debt $0
    All other liabilities $5,400

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $185,448
    Loan and leases loss allowance $2,009
    Total loans and leases (domestic) $187,457
    All real estate loans $140,713
    Real estate loans in domestic offices $140,713
    Construction and development loans $130
    Residential 1-4 family construction $0
    Other construction, all land development and other land $130
    Loans secured by nonfarm nonresidential properties $69,382
    Nonfarm nonresidential secured by owner-occupied properties $27,517
    Commercial real estate & other non-farm, non-residential $41,865
    Multifamily residential real estate $51,707
    1-4 family residential loans $19,239
    Farmland loans $255
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $3,757
    To non-U.S. addressees $0
    Loans to individuals $42,987
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1
    Other loans to individuals $42,986
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,719
    Non 1-4 family restructured loans & leases $352
    Total loans and leases (foreign) $0

    Admirals Bank had $185,448,000 of loans outstanding in 2018. $140,713,000 of loans were in real estate loans. $130,000 of loans were in development loans. $51,707,000 of loans were in multifamily mortgage loans. $19,239,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,000 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 68 $8,931 $131,338
    Nonfarm, nonresidential loans - <$100k 33 $559 $16,939
    Nonfarm, nonresidential loans - $100-250k 14 $1,140 $81,429
    Nonfarm, nonresidential loans - $250k-1MM 21 $7,232 $344,381
    Commercial & Industrial, US addressed loans - <$1MM 33 $3,757 $113,848
    Commercial & Industrial, US addressed loans - <$100k 2 $37 $18,500
    Commercial & Industrial, US addressed loans - $100-250k 14 $1,143 $81,643
    Commercial & Industrial, US addressed loans - $250k-1MM 17 $2,577 $151,588
    Farmland loans - <$1MM 6 $255 $42,500
    Farmland loans - <$100k 3 $33 $11,000
    Farmland loans - $100-250k 2 $87 $43,500
    Farmland loans - $250k-1MM 1 $135 $135,000