F & M Community Bank Mortgage Rates, Fees & Info

Preston, MN

LEI: 2549008O36ZLTWMCKU62

Tax ID: 41-0249780

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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

    F & M Community Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. F & M Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, Minneapolis, Austin, Faribault, and Red Wing among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    F & M Community Bank has an above 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

    106

    Origination Dollar Volume (All Markets)

    $19,040,000

    Employee count

    34

    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
    ROCHESTER, MN (FHA|USDA|VA) 92 $16,290,000 $177,065 $0 0.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 4 $810,000 $202,500 $0 0.00%
    Austin, MN (FHA|USDA|VA) 2 $490,000 $245,000 $0 0.00%
    Faribault-Northfield, MN (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
    Red Wing, MN (FHA|USDA|VA) 2 $350,000 $175,000 $0 0.00%
    DULUTH, MN-WI (FHA|USDA|VA) 2 $250,000 $125,000 $0 0.00%
    Winona, MN (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    Outside of Metro Areas 1 $85,000 $85,000 $0 0.00%
    Albert Lea, MN (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    F & M Community Bank's top markets include Rochester, Minneapolis, Austin, Faribault, and Red Wing among others.

    Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 106 $19,040,000 $179,623 $0 0.00%

    For 2019, F & M Community Bank's most frequently originated type of loan was Conventional, with 106 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 52 $9,680,000 $186,154 $0 0.00%
    Cash Out Refi 26 $4,860,000 $186,923 $0 0.00%
    Refi 22 $4,100,000 $186,364 $0 0.00%
    Home Improvement 3 $235,000 $78,333 $0 0.00%
    Other 3 $165,000 $55,000 $0 0.00%

    For 2019, F & M Community Bank's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Cash Out Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 106 $19,040,000 $179,623 $0 0.00%

    For 2019, F & M Community Bank's most frequently cited loan duration was Other, with 106 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 41 $6,265,000 $152,805 $0 0.00%
    $200k-400k 31 $8,235,000 $265,645 $0 0.00%
    $100,000 or less 28 $1,780,000 $63,571 $0 0.00%
    $400k-600k 6 $2,760,000 $460,000 $0 0.00%

    2019 saw F & M Community Bank place emphasis on $100k-200k loans with 41 originations, totaling $6,265,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 27 $5,205,000 $192,778 $0 0.00%
    $50k or less 23 $2,505,000 $108,913 $0 0.00%
    $50k-75k 21 $3,655,000 $174,048 $0 0.00%
    $75k-100k 17 $3,135,000 $184,412 $0 0.00%
    $150k-250k 8 $2,100,000 $262,500 $0 0.00%
    $250k+ 4 $1,270,000 $317,500 $0 0.00%

    F & M Community Bank lent most frequently to those with incomes in the $100k-150k range, with 27 originations. The second most popular income band? $50k or less, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 106 $19,040,000 $179,623 $0 0.00%

    F & M Community Bank lent most frequently to those with DTI ratios of Exempt%, with 106 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 100 $17,870,000 $178,700 $0 0.00%
    Not applicable 6 $1,170,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.13%

    F & M Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.91%

    F & M Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 106 $19,040,000 $179,623

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $25,000 $25,000
    Single Family (1-4 Units):Site-Built 105 $19,015,000 $181,095

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    F & M Community Bank, National Association 100 St. Anthony Street North Preston, MN 55965 Full Service B&M $62,888
    F & M Community Bank, National Association 229 Main Street North Chatfield, MN 55923 Full Service B&M $26,144
    F & M Community Bank, National Association 2768 Superior Drive Nw Rochester, MN 55901 Full Service B&M $26,559

    For 2019, F & M Community Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,239
    Net interest income $5,315
    Total noninterest income $1,352
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $241
    Trading account gains and fees $0
    Additional Noninterest Income $1,111
    Pre-tax net operating income $1,690
    Securities gains (or losses, -) $4
    Income before extraordinary items $1,692
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,692
    Minority interest net income $0
    Net income $1,692
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,688

    F & M Community Bank's gross interest income from loans was $6,239,000.
    F & M Community Bank's net interest income from loans was $5,315,000.
    F & M Community Bank's fee based income from loans was $241,000.
    F & M Community Bank's net income from loans was $1,692,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $924
    Provision for credit losses $117
    Total noninterest expense $4,860
    Salaries and employee benefits $2,942
    Premises and equipment expense $385
    Additional noninterest expense $1,533
    Applicable income taxes $2
    Net charge-offs $0
    Cash dividends $550

    F & M Community Bank's interest expense for loans was $924,000.
    F & M Community Bank's payroll and benefits expense were $2,942,000.
    F & M Community Bank's property, plant and equipment expenses $385,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 2.0%
    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 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 $120,001
    Deposits held in domestic offices $120,001
    Deposits by Individuals, partnerships, and corporations $100,038
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $19,962
    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 $58,578
    Demand deposits $34,213
    Nontransaction accounts $61,423
    Money market deposit accounts (MMDAs) $23,518
    Other savings deposits (excluding MMDAs) $16,360
    Total time deposits $21,545
    Total time and savings deposits $85,788
    Noninterest-bearing deposits $30,958
    Interest-bearing deposits $89,043
    Retail deposits $116,000
    IRAs and Keogh plan accounts $2,595
    Brokered deposits $2,013
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $138,863
    Cash & Balances due from depository institutions $6,071
    Interest-bearing balances $2,728
    Total securities $21,204
    Federal funds sold & reverse repurchase $0
    Net loans and leases $102,097
    Loan and leases loss allowance $1,495
    Trading account assets $0
    Bank premises and fixed assets $1,995
    Other real estate owned $0
    Goodwill and other intangibles $376
    All other assets $7,120

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $138,863
    Total Liabilities $122,723
    Total deposits $120,001
    Interest-bearing deposits $89,043
    Deposits held in domestic offices $120,001
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $500
    Trading liabilities $0
    Other borrowed funds $2,000
    Subordinated debt $0
    All other liabilities $222

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $102,097
    Loan and leases loss allowance $1,495
    Total loans and leases (domestic) $103,592
    All real estate loans $74,460
    Real estate loans in domestic offices $74,460
    Construction and development loans $2,484
    Residential 1-4 family construction $1,033
    Other construction, all land development and other land $1,451
    Loans secured by nonfarm nonresidential properties $22,506
    Nonfarm nonresidential secured by owner-occupied properties $11,455
    Commercial real estate & other non-farm, non-residential $11,051
    Multifamily residential real estate $4,325
    1-4 family residential loans $22,992
    Farmland loans $22,153
    Loans held in foreign offices $0
    Farm loans $16,736
    Commercial and industrial loans $9,287
    To non-U.S. addressees $0
    Loans to individuals $2,126
    Credit card loans $0
    Related Plans $213
    Consumer Auto Loans $1,160
    Other loans to individuals $753
    All other loans & leases $983
    Loans to foreign governments and official institutions $0
    Other loans $27
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    F & M Community Bank had $102,097,000 of loans outstanding in 2019. $74,460,000 of loans were in real estate loans. $2,484,000 of loans were in development loans. $4,325,000 of loans were in multifamily mortgage loans. $22,992,000 of loans were in 1-4 family mortgage loans. $16,736,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,160,000 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 72 $12,958 $179,972
    Nonfarm, nonresidential loans - <$100k 24 $1,060 $44,167
    Nonfarm, nonresidential loans - $100-250k 24 $2,880 $120,000
    Nonfarm, nonresidential loans - $250k-1MM 24 $9,018 $375,750
    Commercial & Industrial, US addressed loans - <$1MM 108 $5,279 $48,880
    Commercial & Industrial, US addressed loans - <$100k 79 $1,134 $14,354
    Commercial & Industrial, US addressed loans - $100-250k 18 $1,597 $88,722
    Commercial & Industrial, US addressed loans - $250k-1MM 11 $2,548 $231,636
    Farmland loans - <$1MM 80 $11,356 $141,950
    Farmland loans - <$100k 22 $936 $42,545
    Farmland loans - $100-250k 35 $3,415 $97,571
    Farmland loans - $250k-1MM 23 $7,005 $304,565
    Agriculture operations loans - <$1MM 79 $5,912 $74,835
    Agriculture operations loans - <$100k 48 $843 $17,563
    Agriculture operations loans - $100-250k 15 $1,187 $79,133
    Agriculture operations loans - $250k-1MM 16 $3,882 $242,625