Admirals Bank Mortgage Rates, Fees & Info

Boston, MA

LEI: 549300TJGBPVMBWV5P74

Tax ID: 05-0317408

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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

  • Branches
  • Income
  • Loan Types
  • 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. Admirals Bank has an average proportion of conventional loans. Their top markets by origination volume include: Providence, Boston, Philadelphia, Worcester, and New York among others. We have data for 217 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. Admirals Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    594

    Origination Dollar Volume (All Markets)

    $18,040,000

    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
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 16 $2,820,000 $176,250 $1,143 5.88%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 12 $1,950,000 $162,500 $1,558 5.89%
    Outside of Metro Areas 37 $855,000 $23,108 $1,543 7.33%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 24 $580,000 $24,167 $1,541 6.51%
    WORCESTER, MA-CT (FHA|USDA|VA) 16 $380,000 $23,750 $1,528 6.27%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 13 $305,000 $23,462 $1,525 7.41%
    PITTSBURGH, PA (FHA|USDA|VA) 7 $265,000 $37,857 $1,272 6.30%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 11 $265,000 $24,091 $1,518 7.44%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 12 $260,000 $21,667 $1,404 6.43%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 10 $240,000 $24,000 $1,569 6.98%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 10 $210,000 $21,000 $1,390 6.79%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 9 $205,000 $22,778 $1,425 7.81%
    SALISBURY, MD-DE (FHA|USDA|VA) 8 $190,000 $23,750 $1,579 6.69%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 7 $175,000 $25,000 $1,590 6.91%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 7 $175,000 $25,000 $1,511 7.45%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 7 $165,000 $23,571 $1,505 6.80%
    COLUMBUS, OH (FHA|USDA|VA) 7 $165,000 $23,571 $1,555 7.48%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 7 $155,000 $22,143 $1,506 6.56%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $140,000 $23,333 $1,514 7.65%
    JACKSONVILLE, FL (FHA|USDA|VA) 7 $135,000 $19,286 $1,315 7.05%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 6 $130,000 $21,667 $1,455 7.46%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 6 $130,000 $21,667 $1,485 6.67%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 6 $130,000 $21,667 $1,434 7.35%
    PUEBLO, CO (FHA|USDA|VA) 5 $125,000 $25,000 $1,615 7.28%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 5 $125,000 $25,000 $1,590 5.60%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 5 $125,000 $25,000 $1,613 6.99%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 5 $125,000 $25,000 $1,614 6.28%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 5 $125,000 $25,000 $1,580 6.34%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $125,000 $25,000 $1,591 8.46%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 5 $115,000 $23,000 $1,541 5.88%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 5 $115,000 $23,000 $1,553 6.68%
    Outside of Metro Areas 4 $100,000 $25,000 $1,613 7.50%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $100,000 $25,000 $1,708 8.18%
    FORT COLLINS, CO (FHA|USDA|VA) 4 $100,000 $25,000 $1,573 6.38%
    CHEYENNE, WY (FHA|USDA|VA) 4 $100,000 $25,000 $1,615 6.94%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $100,000 $25,000 $1,613 8.22%
    SPRINGFIELD, MA (FHA|USDA|VA) 4 $100,000 $25,000 $1,382 6.91%
    TOPEKA, KS (FHA|USDA|VA) 4 $100,000 $25,000 $1,613 7.25%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 4 $100,000 $25,000 $1,568 7.44%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 4 $100,000 $25,000 $1,576 7.50%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 4 $100,000 $25,000 $1,573 6.09%
    LOUISVILLE, KY (FHA|USDA|VA) 4 $90,000 $22,500 $1,415 7.41%
    ROCHESTER, NY (FHA|USDA|VA) 3 $75,000 $25,000 $1,610 7.59%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $75,000 $25,000 $1,614 7.00%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $75,000 $25,000 $1,612 8.17%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $75,000 $25,000 $1,614 7.32%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 3 $75,000 $25,000 $1,594 6.13%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 3 $75,000 $25,000 $1,614 7.50%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $75,000 $25,000 $1,612 6.46%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 3 $75,000 $25,000 $1,597 7.15%
    RALEIGH-CARY, NC (FHA|USDA|VA) 3 $75,000 $25,000 $1,614 5.04%
    VALLEJO, CA (FHA|USDA|VA) 3 $75,000 $25,000 $1,539 7.79%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 4 $70,000 $17,500 $1,269 6.30%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $65,000 $21,667 $1,360 8.00%
    TOLEDO, OH (FHA|USDA|VA) 3 $65,000 $21,667 $1,471 5.54%
    TULSA, OK (FHA|USDA|VA) 3 $65,000 $21,667 $1,476 7.40%
    RICHMOND, VA (FHA|USDA|VA) 3 $65,000 $21,667 $1,473 7.08%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $65,000 $21,667 $1,416 7.73%
    WINSTON-SALEM, NC (FHA|USDA|VA) 3 $65,000 $21,667 $1,387 6.46%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 3 $65,000 $21,667 $1,427 7.00%
    MONROE, LA (FHA|USDA|VA) 3 $65,000 $21,667 $1,412 6.33%
    LONGVIEW, TX (FHA|USDA|VA) 3 $65,000 $21,667 $1,525 9.01%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 3 $65,000 $21,667 $1,510 7.59%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $60,000 $30,000 $1,871 7.50%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 3 $55,000 $18,333 $1,156 8.67%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $55,000 $18,333 $1,324 4.88%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $50,000 $25,000 $1,616 7.50%
    BISMARCK, ND (FHA|USDA|VA) 2 $50,000 $25,000 $1,616 6.38%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $50,000 $25,000 $1,534 6.13%
    Muskogee, OK (FHA|USDA|VA) 2 $50,000 $25,000 $1,528 7.56%
    LAFAYETTE, LA (FHA|USDA|VA) 2 $50,000 $25,000 $1,494 6.00%
    DOVER, DE (FHA|USDA|VA) 2 $50,000 $25,000 $1,610 6.63%
    ENID, OK (FHA|USDA|VA) 2 $50,000 $25,000 $1,613 8.88%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $50,000 $25,000 $1,616 6.13%
    MANHATTAN, KS (FHA|USDA|VA) 2 $50,000 $25,000 $1,610 8.69%
    MANSFIELD, OH (FHA|USDA|VA) 2 $50,000 $25,000 $1,610 6.50%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $50,000 $25,000 $1,529 6.13%
    REDDING, CA (FHA|USDA|VA) 2 $50,000 $25,000 $1,613 8.00%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $50,000 $25,000 $1,610 9.00%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $50,000 $25,000 $1,613 6.69%
    SALT LAKE CITY, UT (FHA|USDA|VA) 2 $50,000 $25,000 $1,613 5.75%
    YORK-HANOVER, PA (FHA|USDA|VA) 2 $50,000 $25,000 $1,613 6.75%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $50,000 $25,000 $1,510 7.13%
    TERRE HAUTE, IN (FHA|USDA|VA) 2 $50,000 $25,000 $1,613 7.63%
    SPRINGFIELD, MO (FHA|USDA|VA) 2 $50,000 $25,000 $1,610 6.75%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $50,000 $25,000 $1,616 6.13%
    Opelousas, LA (FHA|USDA|VA) 2 $50,000 $25,000 $1,152 6.41%
    AKRON, OH (FHA|USDA|VA) 2 $50,000 $25,000 $1,613 6.38%
    Greenville, OH (FHA|USDA|VA) 2 $50,000 $25,000 $1,616 6.63%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $50,000 $25,000 $1,616 6.69%
    GREELEY, CO (FHA|USDA|VA) 2 $40,000 $20,000 $1,446 6.13%
    Minden, LA (FHA|USDA|VA) 2 $40,000 $20,000 $1,463 6.56%
    BATON ROUGE, LA (FHA|USDA|VA) 2 $40,000 $20,000 $1,407 6.69%
    Van Wert, OH (FHA|USDA|VA) 2 $40,000 $20,000 $1,405 6.00%
    MONROE, MI (FHA|USDA|VA) 2 $40,000 $20,000 $1,403 5.81%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $40,000 $20,000 $1,378 8.35%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $40,000 $20,000 $1,275 6.38%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $40,000 $20,000 $1,300 6.50%
    Holland, MI (FHA|USDA|VA) 2 $40,000 $20,000 $1,322 7.23%
    MODESTO, CA (FHA|USDA|VA) 2 $40,000 $20,000 $1,485 7.31%
    TUCSON, AZ (FHA|USDA|VA) 2 $40,000 $20,000 $1,409 7.31%
    New Castle, IN (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 8.88%
    New Castle, PA (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 6.38%
    BEND, OR (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.38%
    North Vernon, IN (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.38%
    Albertville, AL (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 6.95%
    Ottawa, KS (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.13%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 6.95%
    BECKLEY, WV (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.13%
    Ponca City, OK (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 6.88%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 7.13%
    CASPER, WY (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 4.88%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.38%
    RACINE, WI (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 7.50%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.95%
    Rochelle, IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 5.88%
    Adrian, MI (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 7.13%
    Ruston, LA (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 7.13%
    Bardstown, KY (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.88%
    Defiance, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,476 8.13%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,451 6.38%
    DeRidder, LA (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 7.00%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $25,000 $25,000 $1,053 6.38%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.88%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.38%
    Woodward, OK (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 4.88%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 7.00%
    El Dorado, AR (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 7.00%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $25,000 $25,000 $1,012 7.75%
    ELMIRA, NY (FHA|USDA|VA) 1 $25,000 $25,000 $1,460 8.88%
    ERIE, PA (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 8.13%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 7.95%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 7.00%
    Forest City, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 6.13%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.88%
    Fremont, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.38%
    Gillette, WY (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.13%
    Greensburg, IN (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 7.13%
    Greenville, MS (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.88%
    Brownsville, TN (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 6.38%
    Hope, AR (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.13%
    HOT SPRINGS, AR (FHA|USDA|VA) 1 $25,000 $25,000 $1,444 6.38%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $25,000 $25,000 $1,708 8.95%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,450 6.88%
    JACKSON, MI (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.88%
    Jacksonville, IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 7.13%
    Jesup, GA (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 7.95%
    KANKAKEE, IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 6.50%
    Brainerd, MN (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.38%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 6.38%
    LAKE CHARLES, LA (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.13%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 4.88%
    Lebanon, NH-VT (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.50%
    Wooster, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 5.88%
    LIMA, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,459 5.88%
    ALEXANDRIA, LA (FHA|USDA|VA) 1 $25,000 $25,000 $1,552 8.13%
    BOULDER, CO (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 7.00%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 9.13%
    MADERA, CA (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 9.00%
    Bonham, TX (FHA|USDA|VA) 1 $25,000 $25,000 $1,702 9.95%
    Mayfield, KY (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 7.13%
    McAlester, OK (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.88%
    BLOOMINGTON, IN (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 8.13%
    Moses Lake, WA (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 7.00%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 7.13%
    Natchitoches, LA (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.88%
    Newberry, SC (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 8.75%
    ST. CLOUD, MN (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.38%
    Steamboat Springs, CO (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.38%
    ST. GEORGE, UT (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.38%
    Auburn, IN (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 7.13%
    Sulphur Springs, TX (FHA|USDA|VA) 1 $25,000 $25,000 $1,547 7.75%
    SYRACUSE, NY (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.38%
    Athens, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 7.13%
    TEXARKANA, TX-AR (FHA|USDA|VA) 1 $25,000 $25,000 $1,571 8.25%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 6.95%
    APPLETON, WI (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 7.13%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.88%
    Union City, TN (FHA|USDA|VA) 1 $25,000 $25,000 $1,000 8.88%
    UTICA-ROME, NY (FHA|USDA|VA) 1 $25,000 $25,000 $1,506 6.38%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $25,000 $25,000 $1,459 4.38%
    Wapakoneta, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 8.50%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $25,000 $25,000 $1,450 6.13%
    Wauchula, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,468 6.50%
    WHEELING, WV-OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 4.88%
    WICHITA, KS (FHA|USDA|VA) 1 $25,000 $25,000 $1,524 8.88%
    WILLIAMSPORT, PA (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 6.38%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 8.88%
    Celina, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 5.70%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $25,000 $25,000 $1,702 7.75%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $25,000 $25,000 $1,616 5.88%
    Shelbyville, TN (FHA|USDA|VA) 1 $25,000 $25,000 $1,425 8.75%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 6.38%
    Auburn, NY (FHA|USDA|VA) 1 $25,000 $25,000 $1,560 8.50%
    STAUNTON, VA (FHA|USDA|VA) 1 $25,000 $25,000 $1,610 6.38%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $20,000 $10,000 $1,218 8.06%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $15,000 $15,000 $1,046 6.00%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $15,000 $15,000 $944 4.88%
    BANGOR, ME (FHA|USDA|VA) 1 $15,000 $15,000 $964 8.00%
    PEORIA, IL (FHA|USDA|VA) 1 $15,000 $15,000 $956 9.13%
    BINGHAMTON, NY (FHA|USDA|VA) 1 $15,000 $15,000 $948 7.13%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $15,000 $15,000 $1,308 6.13%
    FRESNO, CA (FHA|USDA|VA) 1 $15,000 $15,000 $963 7.13%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $15,000 $15,000 $1,208 8.88%
    Bellefontaine, OH (FHA|USDA|VA) 1 $15,000 $15,000 $1,188 6.88%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $15,000 $15,000 $1,164 8.13%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $15,000 $15,000 $1,054 7.00%
    Okeechobee, FL (FHA|USDA|VA) 1 $15,000 $15,000 $1,208 7.50%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $15,000 $15,000 $1,182 6.38%
    Bucyrus-Galion, OH (FHA|USDA|VA) 1 $15,000 $15,000 $858 4.38%
    Cookeville, TN (FHA|USDA|VA) 1 $15,000 $15,000 $1,197 7.13%
    ROCKFORD, IL (FHA|USDA|VA) 1 $15,000 $15,000 $1,302 4.88%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $15,000 $15,000 $947 5.70%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $15,000 $15,000 $1,321 8.88%
    Laconia, NH (FHA|USDA|VA) 1 $15,000 $15,000 $1,331 6.13%
    BOWLING GREEN, KY (FHA|USDA|VA) 1 $5,000 $5,000 $904 5.88%
    OCALA, FL (FHA|USDA|VA) 1 $5,000 $5,000 $842 4.88%
    Admirals Bank's top markets include Providence, Boston, Philadelphia, Worcester, and New York among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 584 $13,600,000 $23,288 $1,512 7.02%
    Conventional 9 $4,195,000 $466,111 $665 3.56%
    HELOC 1 $245,000 $245,000 n/a 5.00%

    For 2019, Admirals Bank's most frequently originated type of loan was FHA, with 584 originations. Their 2nd most popular type was Conventional, with 9 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 584 $13,600,000 $23,288 $1,512 7.02%
    Cash Out Refi 5 $1,685,000 $337,000 $550 3.60%
    Refi 3 $1,905,000 $635,000 $0 3.33%
    Home Purchase 1 $245,000 $245,000 $0 5.00%
    Other 1 $605,000 $605,000 $3,239 4.00%

    For 2019, Admirals Bank's most frequently cited loan purpose was Home Improvement, with 584 originations. The 2nd most popular reason was Cash Out Refi, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 329 $7,895,000 $23,997 $1,540 7.43%
    15 Year 119 $2,945,000 $24,748 $1,541 7.14%
    10 Year 60 $1,360,000 $22,667 $1,474 6.69%
    Other 47 $1,245,000 $26,489 $1,439 5.34%
    5 Year 31 $585,000 $18,871 $1,330 5.21%
    30 Year 8 $4,010,000 $501,250 $405 3.55%

    For 2019, Admirals Bank's most frequently cited loan duration was 20 Year, with 329 originations. The 2nd most popular length was 15 Year, with 119 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 470 $11,770,000 $25,043
    $<1k 123 $6,025,000 $48,984

    Admirals Bank's average total fees were $405, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 470 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 232 $5,580,000 $24,052
    Over 8% 153 $3,575,000 $23,366
    7-8% 102 $2,390,000 $23,431
    4-5% 52 $1,320,000 $25,385
    5-6% 46 $980,000 $21,304
    3-4% 8 $3,310,000 $413,750
    2.5-3% 1 $885,000 $885,000

    During 2019, Admirals Bank's average interest rate for loans was 3.55%, while their most frequently originated rate bucket for loans was 6-7%, with 232 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 584 $13,600,000 $23,288 $1,512 7.02%
    $200k-400k 4 $1,100,000 $275,000 $0 4.06%
    $600k-1MM 3 $2,475,000 $825,000 $1,080 3.42%
    $100k-200k 2 $310,000 $155,000 $1,374 3.69%
    $400k-600k 1 $555,000 $555,000 $0 3.13%

    2019 saw Admirals Bank place emphasis on $100,000 or less loans with 584 originations, totaling $13,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 164 $5,250,000 $32,012 $1,556 6.87%
    $75k-100k 143 $3,435,000 $24,021 $1,503 7.14%
    $50k-75k 136 $3,290,000 $24,191 $1,460 7.05%
    $150k-250k 83 $3,405,000 $41,024 $1,528 6.70%
    $50k or less 48 $1,000,000 $20,833 $1,367 7.38%
    $250k+ 19 $1,415,000 $74,474 $1,478 6.00%

    Admirals Bank lent most frequently to those with incomes in the $100k-150k range, with 164 originations. The second most popular income band? $75k-100k, with 143 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 123 $3,175,000 $25,813 $1,520 6.79%
    20-30% 99 $2,255,000 $22,778 $1,509 6.44%
    44% 71 $1,655,000 $23,310 $1,534 7.66%
    43% 52 $2,070,000 $39,808 $1,440 7.21%
    41% 44 $1,040,000 $23,636 $1,514 7.39%
    38% 37 $865,000 $23,378 $1,488 7.10%
    37% 35 $1,025,000 $29,286 $1,475 7.03%
    42% 32 $1,860,000 $58,125 $1,450 6.99%
    40% 29 $675,000 $23,276 $1,513 6.68%
    39% 28 $650,000 $23,214 $1,514 7.07%
    36% 28 $630,000 $22,500 $1,456 6.98%
    <20% 11 $255,000 $23,182 $1,432 6.42%
    45% 3 $655,000 $218,333 $2,155 7.25%
    47% 1 $985,000 $985,000 $0 3.25%

    Admirals Bank lent most frequently to those with DTI ratios of 30-36%, with 123 originations. The next most common DTI ratio? 20-30%, with 99 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 481 $14,945,000 $31,071 $1,499 6.92%
    Not provided 65 $1,505,000 $23,154 $1,510 6.98%
    Black 28 $910,000 $32,500 $1,513 7.60%
    American Indian 12 $300,000 $25,000 $1,581 7.85%
    Not applicable 1 $245,000 $245,000 $0 5.00%
    Asian 5 $95,000 $19,000 $1,239 6.15%
    Native Hawaiian or Islander 2 $40,000 $20,000 $1,249 5.50%

    Approval Rates

    Total approvals of all applications
    56.42%

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

    Pick Rate

    Approvals leading to origination
    79.12%

    Admirals Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 594 $18,040,000 $30,370

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 42 $960,000 $22,857
    Single Family (1-4 Units):Site-Built 552 $17,080,000 $30,942

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 61 $2,415,000 $39,590 $1,490 7.29%
    40-60% 13 $1,435,000 $110,385 $1,619 6.53%
    60-80% 9 $2,125,000 $236,111 $742 4.08%
    80-100% 4 $100,000 $25,000 $1,566 7.06%
    Over 100% 1 $245,000 $245,000 $0 5.00%
    Under 20% 506 $11,720,000 $23,162 $1,511 6.99%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Admirals Bank 15 Park Row West Providence, RI 2903 Full Service B&M $62,686
    Admirals Bank 579 Boylston Street Boston, MA 2116 Full Service B&M $108,348

    For 2019, Admirals Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,265
    Net interest income $7,869
    Total noninterest income $660
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $32
    Trading account gains and fees $0
    Additional Noninterest Income $628
    Pre-tax net operating income $-9,259
    Securities gains (or losses, -) $0
    Income before extraordinary items $-9,259
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $-9,259
    Minority interest net income $0
    Net income $-9,259
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $-9,259

    Admirals Bank's gross interest income from loans was $12,265,000.
    Admirals Bank's net interest income from loans was $7,869,000.
    Admirals Bank's fee based income from loans was $32,000.
    Admirals Bank's net income from loans was $-9,259,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,396
    Provision for credit losses $-10
    Total noninterest expense $17,798
    Salaries and employee benefits $8,204
    Premises and equipment expense $2,812
    Additional noninterest expense $6,782
    Applicable income taxes $0
    Net charge-offs $377
    Cash dividends $0

    Admirals Bank's interest expense for loans was $4,396,000.
    Admirals Bank's payroll and benefits expense were $8,204,000.
    Admirals Bank's property, plant and equipment expenses $2,812,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $163,430
    Deposits held in domestic offices $163,430
    Deposits by Individuals, partnerships, and corporations $130,482
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $15,407
    Deposits by Commercial banks and other depository institutions in U.S. $17,541
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $3,865
    Demand deposits $611
    Nontransaction accounts $159,565
    Money market deposit accounts (MMDAs) $109,704
    Other savings deposits (excluding MMDAs) $887
    Total time deposits $48,974
    Total time and savings deposits $162,819
    Noninterest-bearing deposits $611
    Interest-bearing deposits $162,819
    Retail deposits $145,683
    IRAs and Keogh plan accounts $1,252
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $219,312
    Cash & Balances due from depository institutions $23,301
    Interest-bearing balances $22,066
    Total securities $0
    Federal funds sold & reverse repurchase $0
    Net loans and leases $187,699
    Loan and leases loss allowance $1,622
    Trading account assets $0
    Bank premises and fixed assets $1,766
    Other real estate owned $0
    Goodwill and other intangibles $270
    All other assets $6,276

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $219,312
    Total Liabilities $187,232
    Total deposits $163,430
    Interest-bearing deposits $162,819
    Deposits held in domestic offices $163,430
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $20,000
    Subordinated debt $0
    All other liabilities $3,802

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $187,699
    Loan and leases loss allowance $1,622
    Total loans and leases (domestic) $189,321
    All real estate loans $143,471
    Real estate loans in domestic offices $143,471
    Construction and development loans $5,080
    Residential 1-4 family construction $0
    Other construction, all land development and other land $5,080
    Loans secured by nonfarm nonresidential properties $58,541
    Nonfarm nonresidential secured by owner-occupied properties $21,939
    Commercial real estate & other non-farm, non-residential $36,602
    Multifamily residential real estate $43,964
    1-4 family residential loans $35,689
    Farmland loans $197
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $3,151
    To non-U.S. addressees $0
    Loans to individuals $42,700
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $42,700
    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 $1,234
    Non 1-4 family restructured loans & leases $39
    Total loans and leases (foreign) $0

    Admirals Bank had $187,699,000 of loans outstanding in 2019. $143,471,000 of loans were in real estate loans. $5,080,000 of loans were in development loans. $43,964,000 of loans were in multifamily mortgage loans. $35,689,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 48 $5,316 $110,750
    Nonfarm, nonresidential loans - <$100k 23 $339 $14,739
    Nonfarm, nonresidential loans - $100-250k 11 $761 $69,182
    Nonfarm, nonresidential loans - $250k-1MM 14 $4,216 $301,143
    Commercial & Industrial, US addressed loans - <$1MM 34 $3,150 $92,647
    Commercial & Industrial, US addressed loans - <$100k 2 $33 $16,500
    Commercial & Industrial, US addressed loans - $100-250k 14 $905 $64,643
    Commercial & Industrial, US addressed loans - $250k-1MM 18 $2,212 $122,889
    Farmland loans - <$1MM 5 $197 $39,400
    Farmland loans - <$100k 3 $27 $9,000
    Farmland loans - $100-250k 1 $64 $64,000
    Farmland loans - $250k-1MM 1 $106 $106,000