Farmers Bank Mortgage Rates, Fees & Info

Buhl, ID

LEI: 254900GRNKKCY7NMXC23

Tax ID: 82-0118025

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

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  • SimulatedRates™
  • Mortgage Calculator

    • 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

    Farmers Bank is a smaller bank specializing in Home Purchase loans. Farmers Bank has a high proportion of conventional loans. Their top markets by origination volume include: Twin Falls, Boise City, Mountain Home, Hailey, and Burley among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Farmers 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.

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

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    15 Year Conventional Purchase 6.43% 5/4/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Farmers Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Farmers Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    73

    Origination Dollar Volume (All Markets)

    $10,995,000

    Employee count

    84

    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
    TWIN FALLS, ID (FHA|USDA|VA) 47 $6,575,000 $139,894 $8,114 5.85%
    BOISE CITY, ID (FHA|USDA|VA) 11 $1,595,000 $145,000 $2,637 5.66%
    Outside of Metro Areas 8 $1,540,000 $192,500 $5,363 5.69%
    Mountain Home, ID (FHA|USDA|VA) 4 $740,000 $185,000 $1,675 5.50%
    Hailey, ID (FHA|USDA|VA) 2 $390,000 $195,000 $4,464 5.75%
    Burley, ID (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.75%
    Farmers Bank's top markets include Twin Falls, Boise City, Mountain Home, Hailey, and Burley among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 73 $10,995,000 $150,616 $6,807 5.78%

    For 2018, Farmers Bank's most frequently originated type of loan was Conventional, with 73 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 40 $6,300,000 $157,500 $2,734 5.76%
    Cash Out Refi 14 $1,940,000 $138,571 $20,341 5.91%
    Other 8 $2,000,000 $250,000 $7,728 5.52%
    Refi 8 $480,000 $60,000 $785 5.91%
    Home Improvement 3 $275,000 $91,667 $0 5.83%

    For 2018, Farmers Bank's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 31 $3,825,000 $123,387 $7,039 6.03%
    10 Year 16 $2,060,000 $128,750 $1,075 5.47%
    1 Year 16 $3,840,000 $240,000 $6,991 5.54%
    5 Year 10 $1,270,000 $127,000 $3,772 5.90%

    For 2018, Farmers Bank's most frequently cited loan duration was Other, with 31 originations. The 2nd most popular length was 10 Year, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 33 $4,825,000 $146,212
    $5k+ 3 $1,125,000 $375,000
    $3k-4k 2 $330,000 $165,000
    $4k-5k 2 $450,000 $225,000

    Farmers Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 33 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 47 $7,215,000 $153,511
    6-7% 17 $1,555,000 $91,471
    4-5% 9 $2,225,000 $247,222

    During 2018, Farmers Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 47 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 30 $1,640,000 $54,667 $1,133 5.90%
    $100k-200k 22 $3,100,000 $140,909 $16,543 5.84%
    $200k-400k 18 $4,780,000 $265,556 $5,456 5.67%
    $400k-600k 3 $1,475,000 $491,667 $6,771 4.92%

    2018 saw Farmers Bank place emphasis on $100,000 or less loans with 30 originations, totaling $1,640,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 15 $1,525,000 $101,667 $2,144 6.19%
    $50k-75k 11 $1,515,000 $137,727 $3,135 6.03%
    $250k+ 9 $2,015,000 $223,889 $4,127 5.39%
    $100k-150k 8 $1,610,000 $201,250 $41,181 5.70%
    $75k-100k 8 $860,000 $107,500 $3,465 5.70%
    $150k-250k 7 $1,835,000 $262,143 $5,315 5.59%

    Farmers Bank lent most frequently to those with incomes in the $50k or less range, with 15 originations. The second most popular income band? $50k-75k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 10 $1,140,000 $114,000 $2,459 6.06%
    >60% 9 $1,585,000 $176,111 $2,564 5.75%
    <20% 8 $1,430,000 $178,750 $7,506 5.63%
    20-30% 6 $550,000 $91,667 $1,337 5.71%
    30-36% 6 $1,540,000 $256,667 $3,867 5.98%
    44% 3 $225,000 $75,000 $1,682 6.08%
    47% 3 $905,000 $301,667 $7,448 5.42%
    45% 2 $500,000 $250,000 $7,911 5.19%
    43% 2 $410,000 $205,000 $3,244 6.13%
    49% 2 $280,000 $140,000 $2,983 5.88%
    36% 1 $25,000 $25,000 $993 6.25%
    46% 1 $135,000 $135,000 $150,450 6.25%
    39% 1 $15,000 $15,000 $423 6.00%
    48% 1 $215,000 $215,000 $0 6.00%
    37% 1 $115,000 $115,000 $3,212 6.00%
    38% 1 $215,000 $215,000 $2,754 5.25%
    41% 1 $75,000 $75,000 $1,321 6.00%

    Farmers Bank lent most frequently to those with DTI ratios of 50-60%, with 10 originations. The next most common DTI ratio? >60%, with 9 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 57 $9,015,000 $158,158 $6,898 5.83%
    Not applicable 15 $1,635,000 $109,000 $1,075 5.60%
    Asian 1 $345,000 $345,000 $8,882 5.63%

    Approval Rates

    Total approvals of all applications
    91.86%

    Farmers Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.78%

    Farmers Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 73 $10,995,000 $150,616

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $430,000 $215,000
    Single Family (1-4 Units):Manufactured 16 $1,900,000 $118,750
    Single Family (1-4 Units):Site-Built 55 $8,665,000 $157,545

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $1,190,000 $119,000 $31,709 5.88%
    40-60% 11 $1,905,000 $173,182 $3,706 5.57%
    60-80% 36 $5,050,000 $140,278 $3,343 5.78%
    80-100% 9 $2,135,000 $237,222 $4,469 5.88%
    Over 100% 1 $95,000 $95,000 $0 5.00%
    Under 20% 6 $620,000 $103,333 $1,466 6.04%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Farmers Bank 914 Main Street Buhl, ID 83316 Full Service B&M $104,933
    Farmers Bank 1097 Blue Lakes Boulevard North Twin Falls, ID 83301 Full Service B&M $21,607
    Farmers Bank 1441 South Lincoln Jerome, ID 83338 Full Service B&M $39,609
    Farmers Bank 160 South Idaho St Wendell, ID 83355 Full Service B&M $75,157
    Farmers Bank 341 Poleline Road Twin Falls, ID 83301 Full Service B&M $32,968
    Farmers Bank 890 Shoshone Street Twin Falls, ID 83301 Full Service B&M $104,927

    For 2018, Farmers Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,025
    Net interest income $15,242
    Total noninterest income $2,375
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $702
    Trading account gains and fees $0
    Additional Noninterest Income $1,673
    Pre-tax net operating income $7,291
    Securities gains (or losses, -) $0
    Income before extraordinary items $5,781
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,781
    Minority interest net income $0
    Net income $5,781
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,781

    Farmers Bank's gross interest income from loans was $16,025,000.
    Farmers Bank's net interest income from loans was $15,242,000.
    Farmers Bank's fee based income from loans was $702,000.
    Farmers Bank's net income from loans was $5,781,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $783
    Provision for credit losses $0
    Total noninterest expense $10,326
    Salaries and employee benefits $6,197
    Premises and equipment expense $1,315
    Additional noninterest expense $2,814
    Applicable income taxes $1,510
    Net charge-offs $-83
    Cash dividends $0

    Farmers Bank's interest expense for loans was $783,000.
    Farmers Bank's payroll and benefits expense were $6,197,000.
    Farmers Bank's property, plant and equipment expenses $1,315,000.

    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 1.0%
    Multifamily residential loans 4.0%
    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 $396,060
    Deposits held in domestic offices $396,060
    Deposits by Individuals, partnerships, and corporations $381,806
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $14,254
    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 $49,595
    Demand deposits $37,083
    Nontransaction accounts $346,465
    Money market deposit accounts (MMDAs) $83,398
    Other savings deposits (excluding MMDAs) $191,922
    Total time deposits $71,145
    Total time and savings deposits $358,977
    Noninterest-bearing deposits $110,706
    Interest-bearing deposits $285,354
    Retail deposits $385,409
    IRAs and Keogh plan accounts $21,069
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $463,027
    Cash & Balances due from depository institutions $25,980
    Interest-bearing balances $8,354
    Total securities $181,907
    Federal funds sold & reverse repurchase $5,160
    Net loans and leases $241,235
    Loan and leases loss allowance $6,024
    Trading account assets $0
    Bank premises and fixed assets $1,119
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $7,626

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $463,027
    Total Liabilities $396,964
    Total deposits $396,060
    Interest-bearing deposits $285,354
    Deposits held in domestic offices $396,060
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $904

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $241,235
    Loan and leases loss allowance $6,024
    Total loans and leases (domestic) $247,259
    All real estate loans $121,948
    Real estate loans in domestic offices $121,948
    Construction and development loans $18,820
    Residential 1-4 family construction $3,934
    Other construction, all land development and other land $14,886
    Loans secured by nonfarm nonresidential properties $30,344
    Nonfarm nonresidential secured by owner-occupied properties $20,782
    Commercial real estate & other non-farm, non-residential $9,562
    Multifamily residential real estate $2,573
    1-4 family residential loans $25,164
    Farmland loans $45,047
    Loans held in foreign offices $0
    Farm loans $59,818
    Commercial and industrial loans $55,271
    To non-U.S. addressees $0
    Loans to individuals $8,803
    Credit card loans $684
    Related Plans $318
    Consumer Auto Loans $3,946
    Other loans to individuals $3,855
    All other loans & leases $1,419
    Loans to foreign governments and official institutions $0
    Other loans $415
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,881
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,033
    Non 1-4 family restructured loans & leases $985
    Total loans and leases (foreign) $0

    FARMERS BANK had $241,235,000 of loans outstanding in 2018. $121,948,000 of loans were in real estate loans. $18,820,000 of loans were in development loans. $2,573,000 of loans were in multifamily mortgage loans. $25,164,000 of loans were in 1-4 family mortgage loans. $59,818,000 of loans were in farm loans. $684,000 of loans were in credit card loans. $3,946,000 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 102 $18,675 $183,088
    Nonfarm, nonresidential loans - <$100k 32 $1,043 $32,594
    Nonfarm, nonresidential loans - $100-250k 34 $4,313 $126,853
    Nonfarm, nonresidential loans - $250k-1MM 36 $13,319 $369,972
    Commercial & Industrial, US addressed loans - <$1MM 753 $38,015 $50,485
    Commercial & Industrial, US addressed loans - <$100k 583 $14,207 $24,369
    Commercial & Industrial, US addressed loans - $100-250k 123 $11,544 $93,854
    Commercial & Industrial, US addressed loans - $250k-1MM 47 $12,264 $260,936
    Farmland loans - <$1MM 168 $23,242 $138,345
    Farmland loans - <$100k 56 $2,792 $49,857
    Farmland loans - $100-250k 69 $8,881 $128,710
    Farmland loans - $250k-1MM 43 $11,569 $269,047
    Agriculture operations loans - <$1MM 629 $28,947 $46,021
    Agriculture operations loans - <$100k 465 $9,731 $20,927
    Agriculture operations loans - $100-250k 116 $9,677 $83,422
    Agriculture operations loans - $250k-1MM 48 $9,539 $198,729