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 Home Purchase and Cash Out Refi loans. The Farmers & Merchants State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Columbus, Toledo, Decatur, Cincinnati, and Urbana among others. We have data for 49 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Farmers & Merchants State Bank has an above 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% 4/21/24
    30 Year Conventional Purchase 7.16% 4/21/24
    30 Year Conventional Refi 6.90% 4/21/24
    30 Year Cash-out Refi 7.06% 4/21/24
    15 Year Conventional Purchase 6.38% 4/21/24
    15 Year Conventional Refi 6.15% 4/21/24
    15 Year Cash-out Refi 6.15% 4/21/24
    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.

    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

    1,040

    Origination Dollar Volume (All Markets)

    $231,450,000

    Employee count

    385 Show all (5) 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
    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.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • North Carolina (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: 12
    BEACON CREDIT UNION
    Similarity Rank: 144
    First Federal Savings and Loan Association of Delta
    Similarity Rank: 150
    The Citizens National Bank of Bluffton
    Similarity Rank: 235
    Western Ohio Mortgage Corporation
    Similarity Rank: 280
    First Bank of Berne
    Similarity Rank: 306
    Crossroads Bank
    Similarity Rank: 330
    The Henry County Bank
    Similarity Rank: 333
    First Bank Richmond
    Similarity Rank: 630
    Fire Police City County Federal Credit Union
    Similarity Rank: 632

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,040 $231,450,000 $222,548 $2,255 3.38%

    For 2021, The Farmers & Merchants State Bank's most frequently originated type of loan was Conventional, with 1,040 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, The Farmers & Merchants State Bank's most frequently cited loan purpose was Home Purchase, with 461 originations. The 2nd most popular reason was 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 2021, The Farmers & Merchants State Bank's most frequently cited loan duration was 30 Year, with 446 originations. The 2nd most popular length was 15 Year, with 274 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 6 $1,680,000 $280,000
    $5k+ 3 $1,025,000 $341,667
    $4k-5k 2 $540,000 $270,000

    The Farmers & Merchants State Bank's average total fees were $2,438, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.35%, while their most frequently originated rate bucket for loans was 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 applications
    90.02%

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

    Pick Rate

    Approvals leading to origination
    85.10%

    The Farmers & Merchants State Bank has an 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 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 1000 South Main Street Bryan, OH 43506 Full Service B&M $132,009
    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
    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 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

    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