The Farmers & Merchants State Bank Mortgage Rates, Fees & Info
Archbold, OHLEI: 254900LDNBFL67R4FW27
Tax ID: 34-4230390
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Overview
The Farmers & Merchants State Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. The Farmers & Merchants State Bank has a high proportion of conventional loans. Their top markets include Columbus, Toledo, Decatur, Cincinnati, and Urbana among others. The Farmers & Merchants State Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. The Farmers & Merchants State Bank is typically a low fee lendor.Originations
1,040Origination Dollar Volume (All Markets)
$231,450,000Employee count
385Awards
The Farmers & Merchants State Bank - 2021
The Farmers & Merchants State Bank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
The Farmers & Merchants State Bank's average 30 year fixed rate mortgage of loans were
3.35%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.2%.
Relative Fees
The Farmers & Merchants State Bank's average total fees for a 30 year fixed rate
mortgage are $2,438.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| COLUMBUS, OH (FHA|USDA|VA) | 74 | $49,840,000 | $673,514 | $2,707 | 4.05% |
| TOLEDO, OH (FHA|USDA|VA) | 244 | $42,960,000 | $176,066 | $2,462 | 3.23% |
| Outside of Metro Areas | 236 | $28,270,000 | $119,788 | $2,161 | 3.18% |
| Decatur, IN (FHA|USDA|VA) | 118 | $17,930,000 | $151,949 | $2,375 | 3.34% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 23 | $17,605,000 | $765,435 | $2,595 | 3.70% |
| Urbana, OH (FHA|USDA|VA) | 60 | $10,770,000 | $179,500 | $1,365 | 3.15% |
| FORT WAYNE, IN (FHA|USDA|VA) | 43 | $10,455,000 | $243,140 | $2,427 | 3.53% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $7,385,000 | $7,385,000 | $0 | 2.82% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 39 | $6,715,000 | $172,179 | $1,131 | 3.88% |
| MUNCIE, IN (FHA|USDA|VA) | 23 | $5,435,000 | $236,304 | $0 | 4.17% |
| Defiance, OH (FHA|USDA|VA) | 38 | $5,310,000 | $139,737 | $2,252 | 3.11% |
| Angola, IN (FHA|USDA|VA) | 20 | $4,050,000 | $202,500 | $1,990 | 3.29% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 6 | $2,890,000 | $481,667 | $0 | 4.09% |
| Auburn, IN (FHA|USDA|VA) | 16 | $2,310,000 | $144,375 | $1,967 | 3.08% |
| Bluffton, IN (FHA|USDA|VA) | 16 | $2,270,000 | $141,875 | $2,275 | 3.39% |
| Findlay, OH (FHA|USDA|VA) | 8 | $2,190,000 | $273,750 | $3,763 | 3.74% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $1,665,000 | $1,665,000 | $0 | 4.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 5 | $1,445,000 | $289,000 | $2,633 | 3.98% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 6 | $990,000 | $165,000 | $1,932 | 3.92% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $865,000 | $865,000 | $0 | 4.75% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $0 | 3.99% |
| Coldwater, MI (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $2,333 | 3.25% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $2,923 | 3.63% |
| Hillsdale, MI (FHA|USDA|VA) | 5 | $655,000 | $131,000 | $2,421 | 3.18% |
| Adrian, MI (FHA|USDA|VA) | 5 | $615,000 | $123,000 | $2,426 | 3.30% |
| Kendallville, IN (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $2,701 | 3.17% |
| Connersville, IN (FHA|USDA|VA) | 5 | $545,000 | $109,000 | $2,383 | 3.42% |
| Warsaw, IN (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $1,713 | 2.71% |
| Richmond, IN (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $2,314 | 3.54% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,470 | 2.75% |
| Van Wert, OH (FHA|USDA|VA) | 4 | $430,000 | $107,500 | $2,565 | 3.72% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,365 | 3.50% |
| New Castle, IN (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $3,266 | 3.87% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $2,653 | 2.56% |
| Fremont, OH (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,711 | 2.94% |
| MONROE, MI (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,321 | 2.88% |
| Wilmington, OH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.50% |
| Celina, OH (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $2,984 | 3.37% |
| LIMA, OH (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $3,093 | 3.19% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,748 | 3.00% |
| Peru, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,092 | 3.99% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,606 | 2.38% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,133 | 2.63% |
| Bellefontaine, OH (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $2,313 | 3.58% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.25% |
| Huntington, IN (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $2,097 | 3.75% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,870 | 3.25% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,090 | 3.63% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,584 | 6.50% |
The Farmers & Merchants State Bank's top markets include Columbus, Toledo, Decatur, Cincinnati, and Urbana among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,040 | $231,450,000 | $222,548 | $2,255 | 3.38% |
For the 2021 period, The Farmers & Merchants State Bank's most frequently originated loan type of loans were Conventional, with 1,040 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 461 | $104,415,000 | $226,497 | $2,524 | 3.58% |
| Cash Out Refi | 308 | $78,950,000 | $256,331 | $2,160 | 3.33% |
| Refi | 241 | $44,225,000 | $183,506 | $2,005 | 3.04% |
| Other | 18 | $2,580,000 | $143,333 | $2,197 | 3.11% |
| Home Improvement | 12 | $1,280,000 | $106,667 | $1,692 | 4.37% |
For the 2021, The Farmers & Merchants State Bank's most frequently cited loan purpose of loans were Home Purchase, with 461 originations. The 2nd most popular reason of loans were Cash Out Refi, with 308 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 446 | $73,860,000 | $165,605 | $2,438 | 3.35% |
| 15 Year | 274 | $39,540,000 | $144,307 | $2,092 | 2.98% |
| 20 Year | 181 | $64,585,000 | $356,823 | $2,023 | 3.69% |
| Other | 65 | $35,125,000 | $540,385 | $1,753 | 3.96% |
| 10 Year | 49 | $7,425,000 | $151,531 | $1,639 | 3.47% |
| 5 Year | 18 | $9,660,000 | $536,667 | $2,151 | 4.32% |
| 1 Year | 4 | $440,000 | $110,000 | $0 | 4.38% |
| 3 Year | 2 | $560,000 | $280,000 | $0 | 4.12% |
| 30+ year | 1 | $255,000 | $255,000 | $1,323 | 3.15% |
For the 2021, The Farmers & Merchants State Bank's most frequently cited loan length of loans were 30 Year, with 446 originations. The 2nd most popular length of loans were 15 Year, with 274 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 635 | $89,855,000 | $141,504 |
| $1k-2k | 72 | $11,510,000 | $159,861 |
| $2k-3k | 38 | $7,260,000 | $191,053 |
| $3k-4k | 8 | $2,220,000 | $277,500 |
| $5k+ | 3 | $1,025,000 | $341,667 |
$2,438 of loans were The Farmers & Merchants State Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 635 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 527 | $134,325,000 | $254,886 |
| 2.5-3% | 239 | $40,315,000 | $168,682 |
| 4-5% | 154 | $41,460,000 | $269,221 |
| <2.5% | 115 | $14,995,000 | $130,391 |
| 5-6% | 3 | $315,000 | $105,000 |
| 6-7% | 2 | $40,000 | $20,000 |
During 2021, The Farmers & Merchants State Bank's average interest rate of loans were 3.35%, while their most frequently originated rate bucket of loans were 3-4%, with 527 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 448 | $63,370,000 | $141,451 | $2,258 | 3.31% |
| $100,000 or less | 315 | $21,175,000 | $67,222 | $1,934 | 3.27% |
| $200k-400k | 184 | $50,450,000 | $274,185 | $2,761 | 3.47% |
| $400k-600k | 46 | $22,770,000 | $495,000 | $2,926 | 3.78% |
| $1MM+ | 24 | $56,510,000 | $2,354,583 | $0 | 3.94% |
| $600k-1MM | 23 | $17,175,000 | $746,739 | $0 | 4.08% |
2021 saw The Farmers & Merchants State Bank place emphasis on $100k-200k loans with 448 originations, totaling $63,370,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 236 | $26,120,000 | $110,678 | $2,160 | 3.22% |
| $50k-75k | 189 | $23,985,000 | $126,905 | $2,256 | 3.13% |
| $100k-150k | 121 | $21,975,000 | $181,612 | $2,220 | 2.99% |
| $75k-100k | 121 | $18,265,000 | $150,950 | $2,329 | 3.08% |
| $150k-250k | 67 | $15,695,000 | $234,254 | $2,512 | 3.08% |
| $250k+ | 25 | $6,235,000 | $249,400 | $2,667 | 3.05% |
The Farmers & Merchants State Bank lent most frequently to those with incomes in the $50k or less range, with 236 originations. The second most popular income band? $50k-75k, with 189 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 265 | $38,445,000 | $145,075 | $2,202 | 3.11% |
| <20% | 162 | $20,730,000 | $127,963 | $2,148 | 2.94% |
| 30-36% | 133 | $18,725,000 | $140,789 | $2,309 | 3.12% |
| 39% | 26 | $4,120,000 | $158,462 | $2,513 | 3.38% |
| 37% | 24 | $3,360,000 | $140,000 | $2,189 | 3.24% |
| 36% | 20 | $2,600,000 | $130,000 | $2,122 | 3.10% |
| 40% | 20 | $3,620,000 | $181,000 | $2,616 | 3.38% |
| 38% | 17 | $2,495,000 | $146,765 | $2,170 | 3.18% |
| >60% | 16 | $3,450,000 | $215,625 | $2,678 | 3.41% |
| 45% | 14 | $2,250,000 | $160,714 | $2,340 | 3.03% |
| 41% | 13 | $2,055,000 | $158,077 | $2,244 | 3.28% |
| 50-60% | 12 | $2,260,000 | $188,333 | $2,603 | 3.58% |
| 43% | 10 | $2,390,000 | $239,000 | $2,561 | 3.30% |
| 42% | 9 | $1,715,000 | $190,556 | $2,214 | 3.16% |
| 44% | 9 | $815,000 | $90,556 | $2,103 | 3.29% |
| 48% | 9 | $1,965,000 | $218,333 | $2,642 | 3.17% |
| 49% | 7 | $1,065,000 | $152,143 | $2,349 | 3.04% |
| 46% | 7 | $1,605,000 | $229,286 | $2,533 | 3.03% |
| 47% | 6 | $960,000 | $160,000 | $2,091 | 3.33% |
The Farmers & Merchants State Bank lent most frequently to those with DTI ratios of 20-30%, with 265 originations. The next most common DTI ratio? <20%, with 162 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 795 | $120,935,000 | $152,119 | $2,256 | 3.19% |
| Not applicable | 202 | $104,580,000 | $517,723 | $0 | 4.15% |
| Not provided | 34 | $4,670,000 | $137,353 | $2,232 | 3.19% |
| American Indian | 4 | $560,000 | $140,000 | $2,292 | 3.14% |
| Black | 3 | $435,000 | $145,000 | $2,056 | 3.59% |
| Asian | 1 | $145,000 | $145,000 | $0 | 4.25% |
| Other Pacific Islander | 1 | $125,000 | $125,000 | $0 | 4.00% |
Approval Rates
Total approvals of all applications88.12%
The Farmers & Merchants State Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.15%
The Farmers & Merchants State Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,040 | $231,450,000 | $222,548 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,040 | $231,450,000 | $222,548 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 74 | $7,570,000 | $102,297 | $2,015 | 2.95% |
| 40-60% | 207 | $32,375,000 | $156,401 | $2,098 | 3.14% |
| 60-80% | 507 | $146,345,000 | $288,649 | $2,274 | 3.52% |
| 80-100% | 243 | $43,985,000 | $181,008 | $2,467 | 3.39% |
| Under 20% | 9 | $1,175,000 | $130,556 | $1,221 | 4.26% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| The Farmers & Merchants State Bank | 1000 South Main Street Bryan, OH 43506 | Full Service B&M | $132,009 |
| The Farmers & Merchants State Bank | 100 North Main Street Hicksville, OH 43526 | Full Service B&M | $28,127 |
| The Farmers & Merchants State Bank | 100 Ushy 27 N Berne, IN 46711 | Full Service B&M | $50,408 |
| The Farmers & Merchants State Bank | 7001 Lighthouse Way Perrysburg, OH 43551 | Full Service B&M | $74,049 |
| The Farmers & Merchants State Bank | 7370 Illinois Road Fort Wayne, IN 46804 | Full Service B&M | $31,334 |
| The Farmers & Merchants State Bank | 8720 Waterville-Swanton Road Waterville, OH 43566 | Full Service B&M | $29,778 |
| The Farmers & Merchants State Bank | 200 South Broadway Butler, IN 46721 | Full Service B&M | $49,457 |
| The Farmers & Merchants State Bank | 200 West Jackson Street West Unity, OH 43570 | Full Service B&M | $56,083 |
| The Farmers & Merchants State Bank | 215 East Line Street Geneva, IN 46740 | Full Service B&M | $67,195 |
| The Farmers & Merchants State Bank | 2255 North Scott Street Napoleon, OH 43545 | Full Service B&M | $77,684 |
| The Farmers & Merchants State Bank | 22973 Defiance Pike Custar, OH 43511 | Full Service B&M | $33,625 |
| The Farmers & Merchants State Bank | 2310 North Wayne Street Angola, IN 46703 | Full Service B&M | $69,394 |
| The Farmers & Merchants State Bank | 300 South Defiance Street Stryker, OH 43557 | Full Service B&M | $51,000 |
| The Farmers & Merchants State Bank | 307-11 Defiance Street Archbold, OH 43502 | Full Service B&M | $398,084 |
| The Farmers & Merchants State Bank | 403 Erie Pass Auburn, IN 46706 | Full Service B&M | $17,957 |
| The Farmers & Merchants State Bank | 5830 Monroe Street Sylvania, OH 43560 | Full Service B&M | $28,277 |
| The Farmers & Merchants State Bank | 620 S. Clyde's Way Archbold, OH 43502 | Limited, Drive-thru | $0 |
| The Farmers & Merchants State Bank | 620 S. Clyde's Way Archbold, OH 43502 | Limited, Drive-thru | $0 |
| The Farmers & Merchants State Bank | 7 Turtle Creek Circle Swanton, OH 43558 | Full Service B&M | $52,925 |
| The Farmers & Merchants State Bank | 101 Main Street Delta, OH 43515 | Full Service B&M | $53,180 |
| The Farmers & Merchants State Bank | 102 North Jefferson Street Ossian, IN 46777 | Full Service B&M | $98,559 |
| The Farmers & Merchants State Bank | 1072 N. Main Street Bowling Green, OH 43402 | Full Service B&M | $13,630 |
| The Farmers & Merchants State Bank | 111 East Oak Forest Drive Bluffton, IN 46714 | Full Service B&M | $22,605 |
| The Farmers & Merchants State Bank | 1118 South 13th Street Decatur, IN 46733 | Full Service B&M | $31,055 |
| The Farmers & Merchants State Bank | 1130 North Shoop Avenue Wauseon, OH 43567 | Full Service B&M | $160,505 |
| The Farmers & Merchants State Bank | 1150 E Main St Montpelier, OH 43543 | Full Service B&M | $49,550 |
| The Farmers & Merchants State Bank | 1175 Hotel Drive Defiance, OH 43512 | Full Service B&M | $61,464 |
| The Farmers & Merchants State Bank | 12106 Lima Road Fort Wayne, IN 46818 | Full Service B&M | $15,679 |
| The Farmers & Merchants State Bank | 1451 North Meridian Street Portland, IN 47371 | Full Service B&M | $18,456 |
| The Farmers & Merchants State Bank | 150 West Washington Street Monroe, IN 46772 | Full Service B&M | $56,074 |
| The Farmers & Merchants State Bank | 1660 Tiffin Avenue Findlay, OH 45840 | Full Service B&M | $26,618 |
For 2021, The Farmers & Merchants State Bank had 31 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $76,545 |
| Net interest income | $69,946 |
| Total noninterest income | $15,207 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $3,748 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $11,459 |
| Pre-tax net operating income | $29,443 |
| Securities gains (or losses, -) | $152 |
| Income before extraordinary items | $23,252 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $23,252 |
| Minority interest net income | $0 |
| Net income | $23,252 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $23,131 |
The Farmers & Merchants State Bank's gross interest income from loans was $76,545,000.
The Farmers & Merchants State Bank's net interest income from loans was $69,946,000.
The Farmers & Merchants State Bank's fee based income from loans was $3,748,000.
The Farmers & Merchants State Bank's net income from loans was $23,252,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $6,599 |
| Provision for credit losses | $3,444 |
| Total noninterest expense | $52,266 |
| Salaries and employee benefits | $27,337 |
| Premises and equipment expense | $6,881 |
| Additional noninterest expense | $18,048 |
| Applicable income taxes | $6,343 |
| Net charge-offs | $874 |
| Cash dividends | $22,000 |
The Farmers & Merchants State Bank's interest expense for loans was $6,599,000.
The Farmers & Merchants State Bank's payroll and benefits expense were $27,337,000.
The Farmers & Merchants State Bank's property, plant and equipment expenses $6,881,000.
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 | 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 | $2,197,311 |
| Deposits held in domestic offices | $2,197,311 |
| Deposits by Individuals, partnerships, and corporations | $1,942,532 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $247,882 |
| Deposits by Commercial banks and other depository institutions in U.S. | $6,897 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $588,791 |
| Demand deposits | $294,070 |
| Nontransaction accounts | $1,608,520 |
| Money market deposit accounts (MMDAs) | $216,793 |
| Other savings deposits (excluding MMDAs) | $920,248 |
| Total time deposits | $471,479 |
| Total time and savings deposits | $1,903,241 |
| Noninterest-bearing deposits | $477,538 |
| Interest-bearing deposits | $1,719,773 |
| Retail deposits | $2,122,934 |
| IRAs and Keogh plan accounts | $91,577 |
| Brokered deposits | $1,598 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $2,608,177 |
| Cash & Balances due from depository institutions | $124,790 |
| Interest-bearing balances | $95,773 |
| Total securities | $421,495 |
| Federal funds sold & reverse repurchase | $45,338 |
| Net loans and leases | $1,848,891 |
| Loan and leases loss allowance | $16,242 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $26,913 |
| Other real estate owned | $159 |
| Goodwill and other intangibles | $88,024 |
| All other assets | $52,567 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $2,608,177 |
| Total Liabilities | $2,269,739 |
| Total deposits | $2,197,311 |
| Interest-bearing deposits | $1,719,773 |
| Deposits held in domestic offices | $2,197,311 |
| % insured (estimated) | $80 |
| Federal funds purchased and repurchase agreements | $29,268 |
| Trading liabilities | $0 |
| Other borrowed funds | $24,065 |
| Subordinated debt | $0 |
| All other liabilities | $19,095 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,848,891 |
| Loan and leases loss allowance | $16,242 |
| Total loans and leases (domestic) | $1,865,133 |
| All real estate loans | $1,450,407 |
| Real estate loans in domestic offices | $1,450,407 |
| Construction and development loans | $115,422 |
| Residential 1-4 family construction | $15,879 |
| Other construction, all land development and other land | $99,543 |
| Loans secured by nonfarm nonresidential properties | $613,244 |
| Nonfarm nonresidential secured by owner-occupied properties | $249,505 |
| Commercial real estate & other non-farm, non-residential | $363,739 |
| Multifamily residential real estate | $139,147 |
| 1-4 family residential loans | $381,732 |
| Farmland loans | $200,862 |
| Loans held in foreign offices | $0 |
| Farm loans | $118,368 |
| Commercial and industrial loans | $208,270 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $56,557 |
| Credit card loans | $3,914 |
| Related Plans | $72 |
| Consumer Auto Loans | $36,985 |
| Other loans to individuals | $15,586 |
| All other loans & leases | $33,269 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,180 |
| 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 | $1,077 |
| Non 1-4 family restructured loans & leases | $982 |
| Total loans and leases (foreign) | $0 |
The Farmers & Merchants State Bank had $1,848,891,000 of loans outstanding in 2021. $1,450,407,000 of loans were in real estate loans. $115,422,000 of loans were in development loans. $139,147,000 of loans were in multifamily mortgage loans. $381,732,000 of loans were in 1-4 family mortgage loans. $118,368,000 of loans were in farm loans. $3,914,000 of loans were in credit card loans. $36,985,000 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 | 695 | $162,043 | $233,155 |
| Nonfarm, nonresidential loans - <$100k | 157 | $6,752 | $43,006 |
| Nonfarm, nonresidential loans - $100-250k | 230 | $28,481 | $123,830 |
| Nonfarm, nonresidential loans - $250k-1MM | 308 | $126,810 | $411,721 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,148 | $99,172 | $86,387 |
| Commercial & Industrial, US addressed loans - <$100k | 665 | $16,171 | $24,317 |
| Commercial & Industrial, US addressed loans - $100-250k | 254 | $21,991 | $86,579 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 229 | $61,010 | $266,419 |
| Farmland loans - <$1MM | 1,000 | $86,557 | $86,557 |
| Farmland loans - <$100k | 227 | $7,182 | $31,639 |
| Farmland loans - $100-250k | 449 | $31,464 | $70,076 |
| Farmland loans - $250k-1MM | 324 | $47,911 | $147,873 |
| Agriculture operations loans - <$1MM | 1,071 | $65,177 | $60,856 |
| Agriculture operations loans - <$100k | 743 | $20,399 | $27,455 |
| Agriculture operations loans - $100-250k | 226 | $22,236 | $98,389 |
| Agriculture operations loans - $250k-1MM | 102 | $22,542 | $221,000 |
