The Farmers Bank & Savings Company Mortgage Rates, Fees & Info
Pomeroy, OHLEI: 25490074WALW1U7G4555
Tax ID: 31-4177210
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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, Marietta, Athens, and Charleston among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)The Farmers Bank & Savings Company has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
189Origination Dollar Volume (All Markets)
$30,885,000Top 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) | 82 | $10,130,000 | $123,537 | $0 | 0.00% |
| Outside of Metro Areas | 59 | $8,365,000 | $141,780 | $0 | 0.00% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 16 | $4,500,000 | $281,250 | $0 | 0.00% |
| Marietta, OH (FHA|USDA|VA) | 7 | $2,765,000 | $395,000 | $0 | 0.00% |
| Athens, OH (FHA|USDA|VA) | 9 | $2,325,000 | $258,333 | $0 | 0.00% |
| CHARLESTON, WV (FHA|USDA|VA) | 9 | $1,785,000 | $198,333 | $0 | 0.00% |
| Jackson, OH (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 0.00% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 4 | $450,000 | $112,500 | $0 | 0.00% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 189 | $30,885,000 | $163,413 | $0 | 0.00% |
For 2022, The Farmers Bank & Savings Company's most frequently originated type of loan was Conventional, with 189 originations.
Loan Reason
For 2022, The Farmers Bank & Savings Company's most frequently cited loan purpose was Home Purchase, with 103 originations. The 2nd most popular reason was Refi, with 79 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 189 | $30,885,000 | $163,413 | $0 | 0.00% |
For 2022, The Farmers Bank & Savings Company's most frequently cited loan duration was Other, with 189 originations.
Loan Sizing
2022 saw The Farmers Bank & Savings Company place emphasis on $100,000 or less loans with 82 originations, totaling $5,310,000 in origination value.
Applicant Income
The Farmers Bank & Savings Company lent most frequently to those with incomes in the $50k-75k range, with 35 originations. The second most popular income band? $50k or less, with 35 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 189 | $30,885,000 | $163,413 | $0 | 0.00% |
The Farmers Bank & Savings Company lent most frequently to those with DTI ratios of Exempt%, with 189 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.14%
The Farmers Bank & Savings Company has a below average approval rate.
Pick Rate
Approvals leading to origination82.01%
The Farmers Bank & Savings Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 189 | $30,885,000 | $163,413 |