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 Refi, Cash Out Refi, and Home Purchase loans. F & M Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, Minneapolis, Winona, Red Wing, and La Crosse among others. We have data for 11 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 an above 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

    219

    Origination Dollar Volume (All Markets)

    $42,985,000

    Employee count

    35

    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) 184 $34,930,000 $189,837 $0 0.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 10 $2,820,000 $282,000 $0 0.00%
    Outside of Metro Areas 4 $1,370,000 $342,500 $0 0.00%
    Winona, MN (FHA|USDA|VA) 5 $1,145,000 $229,000 $0 0.00%
    Red Wing, MN (FHA|USDA|VA) 5 $925,000 $185,000 $0 0.00%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 4 $600,000 $150,000 $0 0.00%
    Austin, MN (FHA|USDA|VA) 2 $350,000 $175,000 $0 0.00%
    DULUTH, MN-WI (FHA|USDA|VA) 2 $340,000 $170,000 $0 0.00%
    Spirit Lake, IA (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Brainerd, MN (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    Fairmont, MN (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    F & M Community Bank's top markets include Rochester, Minneapolis, Winona, Red Wing, and La Crosse among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 219 $42,985,000 $196,279 $0 0.00%

    For 2020, F & M Community Bank's most frequently originated type of loan was Conventional, with 219 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 91 $18,575,000 $204,121 $0 0.00%
    Cash Out Refi 69 $13,905,000 $201,522 $0 0.00%
    Home Purchase 53 $9,735,000 $183,679 $0 0.00%
    Home Improvement 3 $95,000 $31,667 $0 0.00%
    Other 3 $675,000 $225,000 $0 0.00%

    For 2020, F & M Community Bank's most frequently cited loan purpose was Refi, with 91 originations. The 2nd most popular reason was Cash Out Refi, with 69 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 219 $42,985,000 $196,279 $0 0.00%

    For 2020, F & M Community Bank's most frequently cited loan duration was Other, with 219 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 95 $14,245,000 $149,947 $0 0.00%
    $200k-400k 77 $21,185,000 $275,130 $0 0.00%
    $100,000 or less 36 $2,420,000 $67,222 $0 0.00%
    $400k-600k 11 $5,135,000 $466,818 $0 0.00%

    2020 saw F & M Community Bank place emphasis on $100k-200k loans with 95 originations, totaling $14,245,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 58 $12,960,000 $223,448 $0 0.00%
    $50k-75k 46 $7,670,000 $166,739 $0 0.00%
    $75k-100k 35 $6,125,000 $175,000 $0 0.00%
    $150k-250k 29 $7,205,000 $248,448 $0 0.00%
    $50k or less 28 $3,000,000 $107,143 $0 0.00%
    $250k+ 12 $3,380,000 $281,667 $0 0.00%

    F & M Community Bank lent most frequently to those with incomes in the $100k-150k range, with 58 originations. The second most popular income band? $50k-75k, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 219 $42,985,000 $196,279 $0 0.00%

    F & M Community Bank lent most frequently to those with DTI ratios of Exempt%, with 219 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 205 $39,775,000 $194,024 $0 0.00%
    Not applicable 11 $2,645,000 $240,455 $0 0.00%
    Not provided 2 $460,000 $230,000 $0 0.00%
    Asian 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.70%

    F & M Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.32%

    F & M Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 219 $42,985,000 $196,279

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,540,000 $385,000
    Single Family (1-4 Units):Manufactured 3 $385,000 $128,333
    Single Family (1-4 Units):Site-Built 212 $41,060,000 $193,679

    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 $68,966
    F & M Community Bank, National Association 229 Main Street North Chatfield, MN 55923 Full Service B&M $35,401
    F & M Community Bank, National Association 2768 Superior Drive Nw Rochester, MN 55901 Full Service B&M $37,142

    For 2020, F & M Community Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,725
    Net interest income $6,075
    Total noninterest income $1,451
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $172
    Trading account gains and fees $0
    Additional Noninterest Income $1,279
    Pre-tax net operating income $1,956
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,954
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,954
    Minority interest net income $0
    Net income $1,954
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,954

    F & M Community Bank's gross interest income from loans was $6,725,000.
    F & M Community Bank's net interest income from loans was $6,075,000.
    F & M Community Bank's fee based income from loans was $172,000.
    F & M Community Bank's net income from loans was $1,954,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $650
    Provision for credit losses $214
    Total noninterest expense $5,356
    Salaries and employee benefits $3,386
    Premises and equipment expense $405
    Additional noninterest expense $1,565
    Applicable income taxes $2
    Net charge-offs $318
    Cash dividends $925

    F & M Community Bank's interest expense for loans was $650,000.
    F & M Community Bank's payroll and benefits expense were $3,386,000.
    F & M Community Bank's property, plant and equipment expenses $405,000.

    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 1.0%
    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 $144,820
    Deposits held in domestic offices $144,820
    Deposits by Individuals, partnerships, and corporations $126,178
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $18,642
    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 $78,568
    Demand deposits $53,544
    Nontransaction accounts $66,252
    Money market deposit accounts (MMDAs) $24,717
    Other savings deposits (excluding MMDAs) $20,944
    Total time deposits $20,591
    Total time and savings deposits $91,276
    Noninterest-bearing deposits $46,711
    Interest-bearing deposits $98,109
    Retail deposits $143,425
    IRAs and Keogh plan accounts $2,074
    Brokered deposits $10
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $162,976
    Cash & Balances due from depository institutions $8,583
    Interest-bearing balances $5,131
    Total securities $32,810
    Federal funds sold & reverse repurchase $0
    Net loans and leases $112,388
    Loan and leases loss allowance $1,391
    Trading account assets $0
    Bank premises and fixed assets $1,883
    Other real estate owned $99
    Goodwill and other intangibles $395
    All other assets $6,818

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $162,976
    Total Liabilities $145,587
    Total deposits $144,820
    Interest-bearing deposits $98,109
    Deposits held in domestic offices $144,820
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $767

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $112,388
    Loan and leases loss allowance $1,391
    Total loans and leases (domestic) $113,779
    All real estate loans $81,212
    Real estate loans in domestic offices $81,212
    Construction and development loans $3,355
    Residential 1-4 family construction $2,672
    Other construction, all land development and other land $683
    Loans secured by nonfarm nonresidential properties $25,513
    Nonfarm nonresidential secured by owner-occupied properties $11,177
    Commercial real estate & other non-farm, non-residential $14,336
    Multifamily residential real estate $6,838
    1-4 family residential loans $22,913
    Farmland loans $22,593
    Loans held in foreign offices $0
    Farm loans $13,176
    Commercial and industrial loans $16,330
    To non-U.S. addressees $0
    Loans to individuals $2,144
    Credit card loans $0
    Related Plans $165
    Consumer Auto Loans $1,001
    Other loans to individuals $978
    All other loans & leases $917
    Loans to foreign governments and official institutions $0
    Other loans $11
    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 $112,388,000 of loans outstanding in 2020. $81,212,000 of loans were in real estate loans. $3,355,000 of loans were in development loans. $6,838,000 of loans were in multifamily mortgage loans. $22,913,000 of loans were in 1-4 family mortgage loans. $13,176,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,001,000 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 $14,305 $198,681
    Nonfarm, nonresidential loans - <$100k 20 $770 $38,500
    Nonfarm, nonresidential loans - $100-250k 26 $3,340 $128,462
    Nonfarm, nonresidential loans - $250k-1MM 26 $10,195 $392,115
    Commercial & Industrial, US addressed loans - <$1MM 193 $11,165 $57,850
    Commercial & Industrial, US addressed loans - <$100k 145 $2,677 $18,462
    Commercial & Industrial, US addressed loans - $100-250k 30 $3,098 $103,267
    Commercial & Industrial, US addressed loans - $250k-1MM 18 $5,390 $299,444
    Farmland loans - <$1MM 71 $10,264 $144,563
    Farmland loans - <$100k 22 $800 $36,364
    Farmland loans - $100-250k 27 $2,976 $110,222
    Farmland loans - $250k-1MM 22 $6,488 $294,909
    Agriculture operations loans - <$1MM 59 $3,956 $67,051
    Agriculture operations loans - <$100k 34 $557 $16,382
    Agriculture operations loans - $100-250k 13 $1,133 $87,154
    Agriculture operations loans - $250k-1MM 12 $2,266 $188,833