The Farmers & Merchants State Bank Mortgage Rates, Fees & Info

Archbold, OH

LEI: 254900LDNBFL67R4FW27

Tax ID: 34-4230390

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
  • Similar Lenders
  • 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

    The Farmers & Merchants State Bank is a smaller bank specializing in Refi, Cash Out Refi, and Home Purchase loans. The Farmers & Merchants State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Toledo, Fort Wayne, Decatur, Cincinnati, and Defiance among others. We have data for 53 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Farmers & Merchants State 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. The Farmers & Merchants State Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 12/16/24
    30 Year Conventional Purchase 7.16% 12/16/24
    30 Year Conventional Refi 6.90% 12/16/24
    30 Year Cash-out Refi 7.06% 12/16/24
    15 Year Conventional Purchase 6.38% 12/16/24
    15 Year Conventional Refi 6.15% 12/16/24
    15 Year Cash-out Refi 6.15% 12/16/24
    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.

    The Farmers & Merchants State Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from The Farmers & Merchants State 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

    1,491

    Origination Dollar Volume (All Markets)

    $268,015,000

    Employee count

    367 Show all (7) awards

    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
    TOLEDO, OH (FHA|USDA|VA) 562 $87,790,000 $156,210 $2,050 3.09%
    Outside of Metro Areas 361 $45,805,000 $126,884 $1,751 3.14%
    FORT WAYNE, IN (FHA|USDA|VA) 79 $33,215,000 $420,443 $2,059 3.22%
    Decatur, IN (FHA|USDA|VA) 201 $30,285,000 $150,672 $2,229 3.33%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 13 $16,525,000 $1,271,154 $3,750 3.88%
    Defiance, OH (FHA|USDA|VA) 73 $9,875,000 $135,274 $1,702 2.93%
    Angola, IN (FHA|USDA|VA) 30 $6,380,000 $212,667 $1,864 2.87%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $5,100,000 $1,275,000 $2,801 3.35%
    Auburn, IN (FHA|USDA|VA) 27 $4,165,000 $154,259 $1,980 3.22%
    Adrian, MI (FHA|USDA|VA) 14 $2,510,000 $179,286 $2,267 2.99%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 4 $2,050,000 $512,500 $1,856 3.34%
    Bluffton, IN (FHA|USDA|VA) 13 $1,975,000 $151,923 $2,667 3.28%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $1,605,000 $535,000 $4,715 3.16%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 6 $1,440,000 $240,000 $2,388 4.15%
    Hillsdale, MI (FHA|USDA|VA) 11 $1,385,000 $125,909 $2,320 3.27%
    New Castle, IN (FHA|USDA|VA) 5 $1,265,000 $253,000 $1,809 3.77%
    Celina, OH (FHA|USDA|VA) 8 $1,230,000 $153,750 $2,366 2.91%
    Findlay, OH (FHA|USDA|VA) 5 $1,185,000 $237,000 $2,982 3.05%
    Tiffin, OH (FHA|USDA|VA) 4 $1,170,000 $292,500 $2,350 3.71%
    MONROE, MI (FHA|USDA|VA) 5 $1,115,000 $223,000 $2,361 2.53%
    COLUMBUS, OH (FHA|USDA|VA) 5 $1,095,000 $219,000 $2,417 3.49%
    Coldwater, MI (FHA|USDA|VA) 7 $1,085,000 $155,000 $2,242 3.09%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $905,000 $301,667 $3,026 2.67%
    Richmond, IN (FHA|USDA|VA) 4 $670,000 $167,500 $3,181 3.77%
    HARRISONBURG, VA (FHA|USDA|VA) 2 $650,000 $325,000 $2,581 2.69%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $615,000 $205,000 $2,794 2.79%
    Warsaw, IN (FHA|USDA|VA) 4 $600,000 $150,000 $2,533 3.09%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 2 $590,000 $295,000 $1,674 3.44%
    Connersville, IN (FHA|USDA|VA) 2 $520,000 $260,000 $2,688 3.97%
    Traverse City, MI (FHA|USDA|VA) 1 $465,000 $465,000 $5,580 3.00%
    Kill Devil Hills, NC (FHA|USDA|VA) 1 $445,000 $445,000 $3,090 3.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $420,000 $210,000 $2,219 2.81%
    MUNCIE, IN (FHA|USDA|VA) 3 $345,000 $115,000 $0 4.54%
    BLOOMINGTON, IN (FHA|USDA|VA) 2 $300,000 $150,000 $1,805 2.69%
    Holland, MI (FHA|USDA|VA) 1 $275,000 $275,000 $2,900 2.88%
    Kendallville, IN (FHA|USDA|VA) 2 $270,000 $135,000 $2,027 3.53%
    Fremont, OH (FHA|USDA|VA) 1 $265,000 $265,000 $3,645 3.25%
    Sandusky, OH (FHA|USDA|VA) 1 $245,000 $245,000 $3,957 5.00%
    Van Wert, OH (FHA|USDA|VA) 2 $230,000 $115,000 $2,243 3.43%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $225,000 $225,000 $2,753 2.63%
    Marion, IN (FHA|USDA|VA) 2 $210,000 $105,000 $2,157 4.25%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $3,384 3.25%
    Sturgis, MI (FHA|USDA|VA) 1 $175,000 $175,000 $2,458 3.13%
    Ashland, OH (FHA|USDA|VA) 1 $165,000 $165,000 $2,799 2.88%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $155,000 $155,000 $1,795 3.00%
    North Vernon, IN (FHA|USDA|VA) 1 $145,000 $145,000 $3,354 3.69%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $135,000 $135,000 $2,366 2.88%
    Wooster, OH (FHA|USDA|VA) 1 $125,000 $125,000 $2,259 2.50%
    Wapakoneta, OH (FHA|USDA|VA) 1 $115,000 $115,000 $2,525 2.50%
    JACKSON, MI (FHA|USDA|VA) 1 $105,000 $105,000 $2,430 3.25%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $85,000 $85,000 $2,917 2.50%
    LANCASTER, PA (FHA|USDA|VA) 1 $65,000 $65,000 $2,204 2.38%
    LIMA, OH (FHA|USDA|VA) 1 $65,000 $65,000 $2,553 2.63%
    The Farmers & Merchants State Bank's top markets include Toledo, Fort Wayne, Decatur, Cincinnati, and Defiance among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The Farmers & Merchants State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Bay Area Credit Union, Inc.
    Similarity Rank: 39
    Greenville Federal
    Similarity Rank: 90
    First Federal Savings and Loan Association of Delta
    Similarity Rank: 141
    JEEP COUNTRY
    Similarity Rank: 272
    Fire Police City County Federal Credit Union
    Similarity Rank: 315
    MIDWEST AMERICA
    Similarity Rank: 540
    ProFed Federal Credit Union
    Similarity Rank: 720
    Western Ohio Mortgage Corporation
    Similarity Rank: 858
    PARTNERS 1ST Federal Credit Union
    Similarity Rank: 858
    YOUR HOME FINANCIAL LLC
    Similarity Rank: 938

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,491 $268,015,000 $179,755 $2,030 3.16%

    For 2020, The Farmers & Merchants State Bank's most frequently originated type of loan was Conventional, with 1,491 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 677 $112,155,000 $165,665 $1,812 2.92%
    Cash Out Refi 390 $77,700,000 $199,231 $2,049 3.24%
    Home Purchase 380 $73,720,000 $194,000 $2,479 3.46%
    Other 41 $4,115,000 $100,366 $1,914 3.34%
    Home Improvement 3 $325,000 $108,333 $0 4.58%

    For 2020, The Farmers & Merchants State Bank's most frequently cited loan purpose was Refi, with 677 originations. The 2nd most popular reason was Cash Out Refi, with 390 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 670 $109,630,000 $163,627 $2,281 3.33%
    15 Year 489 $69,995,000 $143,139 $1,841 2.70%
    20 Year 153 $32,625,000 $213,235 $1,799 3.27%
    Other 68 $16,610,000 $244,265 $1,635 3.42%
    10 Year 65 $6,945,000 $106,846 $1,667 3.10%
    5 Year 41 $31,085,000 $758,171 $689 4.75%
    1 Year 4 $990,000 $247,500 $0 4.94%
    3 Year 1 $135,000 $135,000 $0 4.88%

    For 2020, The Farmers & Merchants State Bank's most frequently cited loan duration was 30 Year, with 670 originations. The 2nd most popular length was 15 Year, with 489 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,165 $174,545,000 $149,824
    $1k-2k 118 $16,660,000 $141,186
    $2k-3k 38 $6,950,000 $182,895
    $3k-4k 24 $5,830,000 $242,917
    $4k-5k 4 $1,490,000 $372,500
    $5k+ 3 $865,000 $288,333

    The Farmers & Merchants State Bank's average total fees were $2,281, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,165 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 569 $89,005,000 $156,424
    3-4% 511 $105,795,000 $207,035
    <2.5% 290 $41,500,000 $143,103
    4-5% 94 $29,500,000 $313,830
    5-6% 19 $1,855,000 $97,632
    6-7% 7 $235,000 $33,571
    7-8% 1 $125,000 $125,000

    During 2020, The Farmers & Merchants State Bank's average interest rate for loans was 3.33%, while their most frequently originated rate bucket for loans was 2.5-3%, with 569 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 725 $103,115,000 $142,228 $1,953 3.08%
    $100,000 or less 438 $30,400,000 $69,406 $1,782 3.24%
    $200k-400k 273 $72,185,000 $264,414 $2,472 3.15%
    $400k-600k 36 $16,430,000 $456,389 $2,968 3.35%
    $1MM+ 13 $41,655,000 $3,204,231 $0 4.16%
    $600k-1MM 6 $4,230,000 $705,000 $6,446 4.00%

    2020 saw The Farmers & Merchants State Bank place emphasis on $100k-200k loans with 725 originations, totaling $103,115,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 361 $40,865,000 $113,199 $2,079 3.24%
    $50k-75k 293 $37,835,000 $129,130 $2,014 3.09%
    $100k-150k 271 $46,905,000 $173,081 $1,904 2.95%
    $75k-100k 247 $36,275,000 $146,862 $1,956 2.97%
    $150k-250k 109 $25,005,000 $229,404 $2,247 2.88%
    $250k+ 39 $11,275,000 $289,103 $2,712 2.93%

    The Farmers & Merchants State Bank lent most frequently to those with incomes in the $50k or less range, with 361 originations. The second most popular income band? $50k-75k, with 293 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 438 $61,470,000 $140,342 $1,948 2.97%
    <20% 310 $40,420,000 $130,387 $1,807 2.91%
    30-36% 254 $39,900,000 $157,087 $2,090 3.15%
    36% 38 $6,200,000 $163,158 $2,267 3.10%
    39% 37 $6,005,000 $162,297 $2,124 3.05%
    40% 37 $5,515,000 $149,054 $2,218 3.09%
    42% 32 $6,430,000 $200,938 $2,823 3.27%
    37% 30 $5,480,000 $182,667 $2,118 3.11%
    43% 28 $4,780,000 $170,714 $2,155 3.10%
    41% 27 $4,085,000 $151,296 $2,032 3.13%
    50-60% 26 $5,600,000 $215,385 $2,651 3.87%
    45% 26 $3,880,000 $149,231 $2,073 2.98%
    38% 26 $4,300,000 $165,385 $2,266 3.13%
    49% 19 $2,815,000 $148,158 $2,329 3.23%
    44% 15 $3,415,000 $227,667 $2,225 3.26%
    >60% 12 $2,030,000 $169,167 $2,489 4.10%
    48% 12 $2,350,000 $195,833 $2,021 3.05%
    47% 11 $1,525,000 $138,636 $1,896 2.97%
    46% 11 $1,765,000 $160,455 $1,978 2.73%

    The Farmers & Merchants State Bank lent most frequently to those with DTI ratios of 20-30%, with 438 originations. The next most common DTI ratio? <20%, with 310 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,336 $199,430,000 $149,274 $2,019 3.09%
    Not applicable 74 $55,050,000 $743,919 $0 4.51%
    Not provided 58 $9,700,000 $167,241 $2,212 2.88%
    Black 9 $1,085,000 $120,556 $1,984 3.40%
    Asian 5 $875,000 $175,000 $1,996 2.40%
    American Indian 4 $600,000 $150,000 $2,191 3.36%
    Asian Indian 1 $505,000 $505,000 $4,080 2.13%
    Other Asian 2 $480,000 $240,000 $2,434 2.88%
    Other Pacific Islander 2 $290,000 $145,000 $2,245 3.47%

    Approval Rates

    Total approvals of all applications
    88.78%

    The Farmers & Merchants State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.35%

    The Farmers & Merchants State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,491 $268,015,000 $179,755

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $1,905,000 $635,000
    Multifamily:Site-Built 46 $50,000,000 $1,086,957
    Single Family (1-4 Units):Manufactured 15 $1,485,000 $99,000
    Single Family (1-4 Units):Site-Built 1,427 $214,625,000 $150,403

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 101 $15,735,000 $155,792 $1,818 3.10%
    40-60% 271 $51,065,000 $188,432 $1,891 3.00%
    60-80% 718 $128,960,000 $179,610 $1,972 3.14%
    80-100% 384 $70,750,000 $184,245 $2,280 3.26%
    Over 100% 2 $320,000 $160,000 $5,089 4.91%
    Under 20% 14 $1,010,000 $72,143 $1,901 4.11%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Farmers & Merchants State Bank 100 North Main Street Hicksville, OH 43526 Full Service B&M $31,264
    The Farmers & Merchants State Bank 100 Ushy 27 N Berne, IN 46711 Full Service B&M $46,267
    The Farmers & Merchants State Bank 1000 South Main Street Bryan, OH 43506 Full Service B&M $66,839
    The Farmers & Merchants State Bank 101 Main Street Delta, OH 43515 Full Service B&M $48,959
    The Farmers & Merchants State Bank 103 Main St Monroeville, IN 46773 Full Service B&M $30,393
    The Farmers & Merchants State Bank 1072 N. Main Street Bowling Green, OH 43402 Full Service B&M $10,250
    The Farmers & Merchants State Bank 1118 South 13th Street Decatur, IN 46733 Full Service B&M $15,202
    The Farmers & Merchants State Bank 1130 North Shoop Avenue Wauseon, OH 43567 Full Service B&M $69,592
    The Farmers & Merchants State Bank 1150 E Main St Montpelier, OH 43543 Full Service B&M $45,732
    The Farmers & Merchants State Bank 1175 Hotel Drive Defiance, OH 43512 Full Service B&M $48,287
    The Farmers & Merchants State Bank 119 North Fulton Street Wauseon, OH 43567 Full Service B&M $66,371
    The Farmers & Merchants State Bank 12106 Lima Road Fort Wayne, IN 46818 Full Service B&M $19,731
    The Farmers & Merchants State Bank 1313 S Defiance Street Archbold, OH 43502 Full Service B&M $44,971
    The Farmers & Merchants State Bank 1451 North Meridian Street Portland, IN 47371 Full Service B&M $16,856
    The Farmers & Merchants State Bank 150 West Washington Street Monroe, IN 46772 Full Service B&M $48,052
    The Farmers & Merchants State Bank 1660 Tiffin Avenue Findlay, OH 45840 Full Service B&M $29,983
    The Farmers & Merchants State Bank 200 South Broadway Butler, IN 46721 Full Service B&M $38,309
    The Farmers & Merchants State Bank 200 West Jackson Street West Unity, OH 43570 Full Service B&M $49,036
    The Farmers & Merchants State Bank 215 East Line Street Geneva, IN 46740 Full Service B&M $64,303
    The Farmers & Merchants State Bank 2255 North Scott Street Napoleon, OH 43545 Full Service B&M $65,520
    The Farmers & Merchants State Bank 22973 Defiance Pike Custar, OH 43511 Full Service B&M $29,853
    The Farmers & Merchants State Bank 2310 North Wayne Street Angola, IN 46703 Full Service B&M $56,862
    The Farmers & Merchants State Bank 300 South Defiance Street Stryker, OH 43557 Full Service B&M $42,184
    The Farmers & Merchants State Bank 307-11 Defiance Street Archbold, OH 43502 Full Service B&M $281,141
    The Farmers & Merchants State Bank 403 Erie Pass Auburn, IN 46706 Full Service B&M $13,872
    The Farmers & Merchants State Bank 5830 Monroe Street Sylvania, OH 43560 Full Service B&M $24,137
    The Farmers & Merchants State Bank 7 Turtle Creek Circle Swanton, OH 43558 Full Service B&M $44,575
    The Farmers & Merchants State Bank 7001 Lighthouse Way Perrysburg, OH 43551 Full Service B&M $59,675
    The Farmers & Merchants State Bank 8720 Waterville-Swanton Road Waterville, OH 43566 Full Service B&M $21,438
    The Farmers & Merchants State Bank 929 E High St Bryan, OH 43506 Limited, Drive-thru $49,567

    For 2020, The Farmers & Merchants State Bank had 30 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $69,719
    Net interest income $59,326
    Total noninterest income $15,615
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $3,602
    Trading account gains and fees $0
    Additional Noninterest Income $12,013
    Pre-tax net operating income $24,171
    Securities gains (or losses, -) $242
    Income before extraordinary items $19,130
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $19,130
    Minority interest net income $0
    Net income $19,130
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $18,938

    The Farmers & Merchants State Bank's gross interest income from loans was $69,719,000.
    The Farmers & Merchants State Bank's net interest income from loans was $59,326,000.
    The Farmers & Merchants State Bank's fee based income from loans was $3,602,000.
    The Farmers & Merchants State Bank's net income from loans was $19,130,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $10,393
    Provision for credit losses $6,981
    Total noninterest expense $43,789
    Salaries and employee benefits $23,930
    Premises and equipment expense $6,765
    Additional noninterest expense $13,094
    Applicable income taxes $5,283
    Net charge-offs $537
    Cash dividends $7,600

    The Farmers & Merchants State Bank's interest expense for loans was $10,393,000.
    The Farmers & Merchants State Bank's payroll and benefits expense were $23,930,000.
    The Farmers & Merchants State Bank's property, plant and equipment expenses $6,765,000.

    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 $1,600,554
    Deposits held in domestic offices $1,600,554
    Deposits by Individuals, partnerships, and corporations $1,370,574
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $224,927
    Deposits by Commercial banks and other depository institutions in U.S. $5,053
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $488,976
    Demand deposits $420,530
    Nontransaction accounts $1,111,578
    Money market deposit accounts (MMDAs) $101,000
    Other savings deposits (excluding MMDAs) $763,025
    Total time deposits $247,553
    Total time and savings deposits $1,180,024
    Noninterest-bearing deposits $355,539
    Interest-bearing deposits $1,245,015
    Retail deposits $1,568,516
    IRAs and Keogh plan accounts $42,194
    Brokered deposits $4,340
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,884,051
    Cash & Balances due from depository institutions $95,007
    Interest-bearing balances $65,390
    Total securities $290,088
    Federal funds sold & reverse repurchase $77,427
    Net loans and leases $1,297,058
    Loan and leases loss allowance $13,672
    Trading account assets $0
    Bank premises and fixed assets $27,063
    Other real estate owned $71
    Goodwill and other intangibles $54,244
    All other assets $43,093

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,884,051
    Total Liabilities $1,663,694
    Total deposits $1,600,554
    Interest-bearing deposits $1,245,015
    Deposits held in domestic offices $1,600,554
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $30,239
    Trading liabilities $0
    Other borrowed funds $17,861
    Subordinated debt $0
    All other liabilities $15,040

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,297,058
    Loan and leases loss allowance $13,672
    Total loans and leases (domestic) $1,310,730
    All real estate loans $961,312
    Real estate loans in domestic offices $961,312
    Construction and development loans $132,234
    Residential 1-4 family construction $5,091
    Other construction, all land development and other land $127,143
    Loans secured by nonfarm nonresidential properties $409,233
    Nonfarm nonresidential secured by owner-occupied properties $189,252
    Commercial real estate & other non-farm, non-residential $219,981
    Multifamily residential real estate $55,417
    1-4 family residential loans $171,993
    Farmland loans $192,435
    Loans held in foreign offices $0
    Farm loans $94,358
    Commercial and industrial loans $189,246
    To non-U.S. addressees $0
    Loans to individuals $52,264
    Credit card loans $3,670
    Related Plans $118
    Consumer Auto Loans $35,582
    Other loans to individuals $12,894
    All other loans & leases $16,033
    Loans to foreign governments and official institutions $0
    Other loans $276
    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 $941
    Non 1-4 family restructured loans & leases $855
    Total loans and leases (foreign) $0

    The Farmers & Merchants State Bank had $1,297,058,000 of loans outstanding in 2020. $961,312,000 of loans were in real estate loans. $132,234,000 of loans were in development loans. $55,417,000 of loans were in multifamily mortgage loans. $171,993,000 of loans were in 1-4 family mortgage loans. $94,358,000 of loans were in farm loans. $3,670,000 of loans were in credit card loans. $35,582,000 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 368 $69,589 $189,101
    Nonfarm, nonresidential loans - <$100k 110 $4,597 $41,791
    Nonfarm, nonresidential loans - $100-250k 127 $15,868 $124,945
    Nonfarm, nonresidential loans - $250k-1MM 131 $49,124 $374,992
    Commercial & Industrial, US addressed loans - <$1MM 1,472 $108,603 $73,779
    Commercial & Industrial, US addressed loans - <$100k 969 $25,253 $26,061
    Commercial & Industrial, US addressed loans - $100-250k 289 $27,906 $96,561
    Commercial & Industrial, US addressed loans - $250k-1MM 214 $55,444 $259,084
    Farmland loans - <$1MM 1,017 $93,838 $92,269
    Farmland loans - <$100k 256 $8,870 $34,648
    Farmland loans - $100-250k 448 $34,340 $76,652
    Farmland loans - $250k-1MM 313 $50,628 $161,751
    Agriculture operations loans - <$1MM 1,057 $62,693 $59,312
    Agriculture operations loans - <$100k 743 $20,489 $27,576
    Agriculture operations loans - $100-250k 224 $21,985 $98,147
    Agriculture operations loans - $250k-1MM 90 $20,219 $224,656