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 and Cash Out Refi loans. Farmers Bank has a high proportion of conventional loans. Their top markets by origination volume include: Twin Falls, Boise City, Medford, and Hailey among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Farmers Bank 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.

    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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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    15 Year Conventional Purchase 6.43% 11/21/24
    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

    56

    Origination Dollar Volume (All Markets)

    $7,780,000

    Employee count

    86

    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) 40 $5,650,000 $141,250 $1,993 5.43%
    Outside of Metro Areas 11 $1,405,000 $127,727 $1,085 5.59%
    BOISE CITY, ID (FHA|USDA|VA) 3 $395,000 $131,667 $1,532 5.42%
    MEDFORD, OR (FHA|USDA|VA) 1 $235,000 $235,000 $0 5.00%
    Hailey, ID (FHA|USDA|VA) 1 $95,000 $95,000 $1,941 4.75%
    Farmers Bank's top markets include Twin Falls, Boise City, Medford, and Hailey among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 51 $5,845,000 $114,608 $1,780 5.46%
    HELOC 5 $1,935,000 $387,000 n/a 5.20%

    For 2020, Farmers Bank's most frequently originated type of loan was Conventional, with 51 originations. Their 2nd most popular type was HELOC, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 24 $3,170,000 $132,083 $2,716 5.36%
    Cash Out Refi 17 $3,155,000 $185,588 $883 5.69%
    Refi 13 $1,265,000 $97,308 $1,274 5.27%
    NA 2 $190,000 $95,000 $0 5.25%

    For 2020, Farmers Bank's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 26 $2,530,000 $97,308 $1,276 5.58%
    10 Year 16 $2,220,000 $138,750 $0 5.09%
    5 Year 7 $565,000 $80,714 $326 5.89%
    1 Year 4 $1,850,000 $462,500 $0 5.38%
    30+ year 2 $530,000 $265,000 $8,809 5.38%
    3 Year 1 $85,000 $85,000 $0 4.50%

    For 2020, Farmers Bank's most frequently cited loan duration was Other, with 26 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 26 $2,420,000 $93,077
    $2k-3k 1 $175,000 $175,000
    $5k+ 1 $355,000 $355,000

    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 26 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 31 $4,715,000 $152,097
    4-5% 19 $2,425,000 $127,632
    6-7% 6 $640,000 $106,667

    During 2020, Farmers Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 31 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 27 $1,545,000 $57,222 $828 5.47%
    $100k-200k 23 $3,215,000 $139,783 $2,115 5.45%
    $200k-400k 5 $1,515,000 $303,000 $6,442 5.20%
    $1MM+ 1 $1,505,000 $1,505,000 $0 5.50%

    2020 saw Farmers Bank place emphasis on $100,000 or less loans with 27 originations, totaling $1,545,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 11 $595,000 $54,091 $864 5.82%
    $250k+ 10 $1,620,000 $162,000 $2,860 5.10%
    $50k-75k 8 $970,000 $121,250 $2,630 5.66%
    $75k-100k 8 $890,000 $111,250 $1,129 5.56%
    $150k-250k 7 $795,000 $113,571 $1,646 5.32%
    $100k-150k 4 $690,000 $172,500 $4,495 5.50%

    Farmers Bank lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $250k+, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    >60% 11 $1,285,000 $116,818 $1,540 5.20%
    50-60% 10 $1,080,000 $108,000 $734 5.70%
    20-30% 8 $600,000 $75,000 $955 5.53%
    <20% 7 $1,005,000 $143,571 $1,808 5.46%
    39% 2 $160,000 $80,000 $1,637 5.75%
    41% 2 $480,000 $240,000 $5,638 5.50%
    45% 2 $230,000 $115,000 $4,105 5.25%
    49% 2 $200,000 $100,000 $1,014 5.75%
    30-36% 2 $240,000 $120,000 $1,973 5.38%
    42% 1 $175,000 $175,000 $1,452 5.50%
    36% 1 $45,000 $45,000 $1,434 4.75%
    46% 1 $145,000 $145,000 $1,441 6.25%

    Farmers Bank lent most frequently to those with DTI ratios of >60%, with 11 originations. The next most common DTI ratio? 50-60%, with 10 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 48 $5,600,000 $116,667 $1,793 5.49%
    Not applicable 7 $2,135,000 $305,000 $0 5.14%
    Native Hawaiian or Islander 1 $45,000 $45,000 $1,434 4.75%

    Approval Rates

    Total approvals of all applications
    86.84%

    Farmers Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.14%

    Farmers Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 56 $7,780,000 $138,929

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $165,000 $165,000
    Single Family (1-4 Units):Manufactured 13 $955,000 $73,462
    Single Family (1-4 Units):Site-Built 42 $6,660,000 $158,571

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $350,000 $58,333 $1,261 5.50%
    40-60% 14 $1,550,000 $110,714 $1,584 5.23%
    60-80% 28 $3,680,000 $131,429 $1,779 5.52%
    80-100% 4 $530,000 $132,500 $7,595 5.13%
    Over 100% 1 $1,505,000 $1,505,000 $0 5.50%
    Under 20% 3 $165,000 $55,000 $824 5.92%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Farmers Bank 1097 Blue Lakes Boulevard North Twin Falls, ID 83301 Full Service B&M $22,226
    Farmers Bank 1441 South Lincoln Jerome, ID 83338 Full Service B&M $46,069
    Farmers Bank 160 South Idaho St Wendell, ID 83355 Full Service B&M $84,587
    Farmers Bank 341 Poleline Road Twin Falls, ID 83301 Full Service B&M $47,649
    Farmers Bank 890 Shoshone Street Twin Falls, ID 83301 Full Service B&M $119,518
    Farmers Bank 914 Main Street Buhl, ID 83316 Full Service B&M $111,869

    For 2020, Farmers Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,633
    Net interest income $16,124
    Total noninterest income $2,454
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $551
    Trading account gains and fees $0
    Additional Noninterest Income $1,903
    Pre-tax net operating income $7,415
    Securities gains (or losses, -) $47
    Income before extraordinary items $5,824
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,824
    Minority interest net income $0
    Net income $5,824
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,786

    Farmers Bank's gross interest income from loans was $17,633,000.
    Farmers Bank's net interest income from loans was $16,124,000.
    Farmers Bank's fee based income from loans was $551,000.
    Farmers Bank's net income from loans was $5,824,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,509
    Provision for credit losses $0
    Total noninterest expense $11,163
    Salaries and employee benefits $6,702
    Premises and equipment expense $1,326
    Additional noninterest expense $3,135
    Applicable income taxes $1,638
    Net charge-offs $-5
    Cash dividends $1,332

    Farmers Bank's interest expense for loans was $1,509,000.
    Farmers Bank's payroll and benefits expense were $6,702,000.
    Farmers Bank's property, plant and equipment expenses $1,326,000.

    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 2.0%
    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 0.2%
    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 $483,148
    Deposits held in domestic offices $483,148
    Deposits by Individuals, partnerships, and corporations $470,770
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $12,378
    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 $64,579
    Demand deposits $46,760
    Nontransaction accounts $418,569
    Money market deposit accounts (MMDAs) $86,758
    Other savings deposits (excluding MMDAs) $244,151
    Total time deposits $87,659
    Total time and savings deposits $436,388
    Noninterest-bearing deposits $134,756
    Interest-bearing deposits $348,392
    Retail deposits $462,325
    IRAs and Keogh plan accounts $22,387
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $561,087
    Cash & Balances due from depository institutions $75,650
    Interest-bearing balances $65,549
    Total securities $209,746
    Federal funds sold & reverse repurchase $8,521
    Net loans and leases $258,353
    Loan and leases loss allowance $6,147
    Trading account assets $0
    Bank premises and fixed assets $1,490
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $7,327

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $561,087
    Total Liabilities $484,868
    Total deposits $483,148
    Interest-bearing deposits $348,392
    Deposits held in domestic offices $483,148
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,720

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $258,353
    Loan and leases loss allowance $6,147
    Total loans and leases (domestic) $264,500
    All real estate loans $129,426
    Real estate loans in domestic offices $129,426
    Construction and development loans $10,332
    Residential 1-4 family construction $4,620
    Other construction, all land development and other land $5,712
    Loans secured by nonfarm nonresidential properties $32,737
    Nonfarm nonresidential secured by owner-occupied properties $21,934
    Commercial real estate & other non-farm, non-residential $10,803
    Multifamily residential real estate $3,250
    1-4 family residential loans $28,463
    Farmland loans $54,644
    Loans held in foreign offices $0
    Farm loans $64,872
    Commercial and industrial loans $61,411
    To non-U.S. addressees $0
    Loans to individuals $8,047
    Credit card loans $513
    Related Plans $244
    Consumer Auto Loans $3,691
    Other loans to individuals $3,599
    All other loans & leases $744
    Loans to foreign governments and official institutions $0
    Other loans $35
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $991
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $982
    Non 1-4 family restructured loans & leases $644
    Total loans and leases (foreign) $0

    FARMERS BANK had $258,353,000 of loans outstanding in 2020. $129,426,000 of loans were in real estate loans. $10,332,000 of loans were in development loans. $3,250,000 of loans were in multifamily mortgage loans. $28,463,000 of loans were in 1-4 family mortgage loans. $64,872,000 of loans were in farm loans. $513,000 of loans were in credit card loans. $3,691,000 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 100 $18,932 $189,320
    Nonfarm, nonresidential loans - <$100k 26 $978 $37,615
    Nonfarm, nonresidential loans - $100-250k 38 $5,253 $138,237
    Nonfarm, nonresidential loans - $250k-1MM 36 $12,701 $352,806
    Commercial & Industrial, US addressed loans - <$1MM 792 $41,013 $51,784
    Commercial & Industrial, US addressed loans - <$100k 600 $14,091 $23,485
    Commercial & Industrial, US addressed loans - $100-250k 137 $12,540 $91,533
    Commercial & Industrial, US addressed loans - $250k-1MM 55 $14,382 $261,491
    Farmland loans - <$1MM 152 $20,299 $133,546
    Farmland loans - <$100k 47 $2,065 $43,936
    Farmland loans - $100-250k 64 $7,225 $112,891
    Farmland loans - $250k-1MM 41 $11,009 $268,512
    Agriculture operations loans - <$1MM 624 $27,027 $43,313
    Agriculture operations loans - <$100k 444 $9,312 $20,973
    Agriculture operations loans - $100-250k 121 $8,948 $73,950
    Agriculture operations loans - $250k-1MM 59 $8,767 $148,593