The Farmers Bank & Savings Company Mortgage Rates, Fees & Info

Pomeroy, OH

LEI: 25490074WALW1U7G4555

Tax ID: 31-4177210

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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

    The Farmers Bank & Savings Company is a smaller bank specializing in Home Purchase and Refi loans. The Farmers Bank & Savings Company has a high proportion of conventional loans. Their top markets by origination volume include: Point Pleasant, Huntington, Charleston, Parkersburg, and Athens among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Farmers Bank & Savings Company 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

    149

    Origination Dollar Volume (All Markets)

    $17,165,000

    Employee count

    85

    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
    Point Pleasant, WV-OH (FHA|USDA|VA) 72 $8,710,000 $120,972 $0 0.00%
    Outside of Metro Areas 50 $4,510,000 $90,200 $0 0.00%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 9 $1,525,000 $169,444 $0 0.00%
    CHARLESTON, WV (FHA|USDA|VA) 8 $970,000 $121,250 $0 0.00%
    PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 3 $525,000 $175,000 $0 0.00%
    Athens, OH (FHA|USDA|VA) 4 $460,000 $115,000 $0 0.00%
    Jackson, OH (FHA|USDA|VA) 2 $270,000 $135,000 $0 0.00%
    Chillicothe, OH (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    The Farmers Bank & Savings Company's top markets include Point Pleasant, Huntington, Charleston, Parkersburg, and Athens among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 149 $17,165,000 $115,201 $0 0.00%

    For 2019, The Farmers Bank & Savings Company's most frequently originated type of loan was Conventional, with 149 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 84 $10,170,000 $121,071 $0 0.00%
    Refi 43 $5,785,000 $134,535 $0 0.00%
    Home Improvement 11 $695,000 $63,182 $0 0.00%
    Other 11 $515,000 $46,818 $0 0.00%

    For 2019, The Farmers Bank & Savings Company's most frequently cited loan purpose was Home Purchase, with 84 originations. The 2nd most popular reason was Refi, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 149 $17,165,000 $115,201 $0 0.00%

    For 2019, The Farmers Bank & Savings Company's most frequently cited loan duration was Other, with 149 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 84 $4,260,000 $50,714 $0 0.00%
    $100k-200k 48 $6,930,000 $144,375 $0 0.00%
    $200k-400k 13 $3,705,000 $285,000 $0 0.00%
    $400k-600k 3 $1,435,000 $478,333 $0 0.00%
    $600k-1MM 1 $835,000 $835,000 $0 0.00%

    2019 saw The Farmers Bank & Savings Company place emphasis on $100,000 or less loans with 84 originations, totaling $4,260,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 37 $2,355,000 $63,649 $0 0.00%
    $50k-75k 31 $2,495,000 $80,484 $0 0.00%
    $100k-150k 28 $3,880,000 $138,571 $0 0.00%
    $75k-100k 22 $2,640,000 $120,000 $0 0.00%
    $150k-250k 7 $1,315,000 $187,857 $0 0.00%
    $250k+ 3 $1,145,000 $381,667 $0 0.00%

    The Farmers Bank & Savings Company lent most frequently to those with incomes in the $50k or less range, with 37 originations. The second most popular income band? $50k-75k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 149 $17,165,000 $115,201 $0 0.00%

    The Farmers Bank & Savings Company lent most frequently to those with DTI ratios of Exempt%, with 149 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 128 $13,610,000 $106,328 $0 0.00%
    Not applicable 17 $3,065,000 $180,294 $0 0.00%
    Not provided 3 $435,000 $145,000 $0 0.00%
    Black 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    67.00%

    The Farmers Bank & Savings Company has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    71.14%

    The Farmers Bank & Savings Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 149 $17,165,000 $115,201

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $125,000 $125,000
    Multifamily:Site-Built 5 $1,995,000 $399,000
    Single Family (1-4 Units):Manufactured 32 $2,080,000 $65,000
    Single Family (1-4 Units):Site-Built 111 $12,965,000 $116,802

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Farmers Bank and Savings Company 211 W Main St Pomeroy, OH 45769 Limited, Drive-thru $11,534
    The Farmers Bank and Savings Company 164 Upper River Rd Gallipolis, OH 45631 Full Service B&M $57,032
    The Farmers Bank and Savings Company 1716 Jefferson Boulevard Point Pleasant, WV 25550 Full Service B&M $35,828
    The Farmers Bank and Savings Company 3572 Teays Valley Road Hurricane, WV 25526 Full Service B&M $22,207
    The Farmers Bank and Savings Company 42068 State Route 7 Tuppers Plains, OH 45783 Full Service B&M $34,196
    The Farmers Bank and Savings Company 424 Second Street Mason, WV 25260 Full Service B&M $35,096
    The Farmers Bank and Savings Company 640 East Main Street Pomeroy, OH 45769 Full Service B&M $102,443

    For 2019, The Farmers Bank & Savings Company had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,346
    Net interest income $12,179
    Total noninterest income $2,402
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,014
    Trading account gains and fees $0
    Additional Noninterest Income $1,388
    Pre-tax net operating income $3,598
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,119
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,119
    Minority interest net income $0
    Net income $3,119
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,119

    The Farmers Bank & Savings Company's gross interest income from loans was $15,346,000.
    The Farmers Bank & Savings Company's net interest income from loans was $12,179,000.
    The Farmers Bank & Savings Company's fee based income from loans was $1,014,000.
    The Farmers Bank & Savings Company's net income from loans was $3,119,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,167
    Provision for credit losses $231
    Total noninterest expense $10,752
    Salaries and employee benefits $5,598
    Premises and equipment expense $1,404
    Additional noninterest expense $3,750
    Applicable income taxes $479
    Net charge-offs $193
    Cash dividends $1,530

    The Farmers Bank & Savings Company's interest expense for loans was $3,167,000.
    The Farmers Bank & Savings Company's payroll and benefits expense were $5,598,000.
    The Farmers Bank & Savings Company's property, plant and equipment expenses $1,404,000.

    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 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 $297,253
    Deposits held in domestic offices $297,253
    Deposits by Individuals, partnerships, and corporations $281,309
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $15,944
    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 $99,316
    Demand deposits $58,114
    Nontransaction accounts $197,937
    Money market deposit accounts (MMDAs) $25,159
    Other savings deposits (excluding MMDAs) $46,390
    Total time deposits $126,388
    Total time and savings deposits $239,139
    Noninterest-bearing deposits $58,114
    Interest-bearing deposits $239,139
    Retail deposits $278,494
    IRAs and Keogh plan accounts $22,678
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $334,511
    Cash & Balances due from depository institutions $8,687
    Interest-bearing balances $4,798
    Total securities $50,237
    Federal funds sold & reverse repurchase $233
    Net loans and leases $251,534
    Loan and leases loss allowance $2,584
    Trading account assets $0
    Bank premises and fixed assets $13,460
    Other real estate owned $770
    Goodwill and other intangibles $0
    All other assets $9,590

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $334,511
    Total Liabilities $299,229
    Total deposits $297,253
    Interest-bearing deposits $239,139
    Deposits held in domestic offices $297,253
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,000
    Subordinated debt $0
    All other liabilities $976

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $251,534
    Loan and leases loss allowance $2,584
    Total loans and leases (domestic) $254,118
    All real estate loans $216,527
    Real estate loans in domestic offices $216,527
    Construction and development loans $12,354
    Residential 1-4 family construction $3,338
    Other construction, all land development and other land $9,016
    Loans secured by nonfarm nonresidential properties $54,314
    Nonfarm nonresidential secured by owner-occupied properties $46,714
    Commercial real estate & other non-farm, non-residential $7,600
    Multifamily residential real estate $12,631
    1-4 family residential loans $132,819
    Farmland loans $4,409
    Loans held in foreign offices $0
    Farm loans $909
    Commercial and industrial loans $14,643
    To non-U.S. addressees $0
    Loans to individuals $18,649
    Credit card loans $0
    Related Plans $54
    Consumer Auto Loans $13,537
    Other loans to individuals $5,058
    All other loans & leases $3,389
    Loans to foreign governments and official institutions $0
    Other loans $159
    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 $1,030
    Non 1-4 family restructured loans & leases $858
    Total loans and leases (foreign) $0

    The Farmers Bank & Savings Company had $251,534,000 of loans outstanding in 2019. $216,527,000 of loans were in real estate loans. $12,354,000 of loans were in development loans. $12,631,000 of loans were in multifamily mortgage loans. $132,819,000 of loans were in 1-4 family mortgage loans. $909,000 of loans were in farm loans. $0 of loans were in credit card loans. $13,537,000 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 141 $28,013 $198,674
    Nonfarm, nonresidential loans - <$100k 47 $1,808 $38,468
    Nonfarm, nonresidential loans - $100-250k 43 $5,572 $129,581
    Nonfarm, nonresidential loans - $250k-1MM 51 $20,633 $404,569
    Commercial & Industrial, US addressed loans - <$1MM 195 $8,589 $44,046
    Commercial & Industrial, US addressed loans - <$100k 176 $4,466 $25,375
    Commercial & Industrial, US addressed loans - $100-250k 10 $1,259 $125,900
    Commercial & Industrial, US addressed loans - $250k-1MM 9 $2,864 $318,222
    Farmland loans - <$1MM 92 $3,615 $39,293
    Farmland loans - <$100k 81 $2,266 $27,975
    Farmland loans - $100-250k 10 $1,113 $111,300
    Farmland loans - $250k-1MM 1 $236 $236,000
    Agriculture operations loans - <$1MM 103 $909 $8,825
    Agriculture operations loans - <$100k 102 $727 $7,127
    Agriculture operations loans - $100-250k 1 $182 $182,000