Farmers And Merchants Bank Of St. Clair Mortgage Rates, Fees & Info

Saint Clair, MO

LEI: 5493001IZBTDOCW8MX74

Tax ID: 43-0266000

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

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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

    Farmers And Merchants Bank Of St. Clair is a smaller bank specializing in Home Purchase and Refi loans. Farmers And Merchants Bank Of St. Clair has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top two markets are St. Louis and Jacksonville .

    Farmers And Merchants Bank Of St. Clair 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. Farmers And Merchants Bank Of St. Clair 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.

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    Originations

    140

    Origination Dollar Volume (All Markets)

    $22,130,000

    Employee count

    68

    Awards

    Farmers and Merchants Bank of St. Clair 30 Year Conventional Loans silver Farmers and Merchants Bank of St. Clair 30 Year Conventional Loans silver
    Show all (2) 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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 130 $21,140,000 $162,615 $1,910 5.29%
    Outside of Metro Areas 9 $845,000 $93,889 $2,087 5.38%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $2,950 5.00%
    Farmers And Merchants Bank Of St. Clair's top markets include St. Louis and Jacksonville among others.

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

    • Similar Lenders

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

    Ozarks Federal Savings and Loan Association
    Similarity Rank: 100
    Community Bank of Trenton
    Similarity Rank: 108
    First National Bank of Waterloo
    Similarity Rank: 200
    RELIANCE BANK
    Similarity Rank: 238
    CapGrow Home Mortgage, LLC
    Similarity Rank: 272
    JERSEY STATE BANK
    Similarity Rank: 354
    Farmers and Merchants Bank of St. Clair
    Similarity Rank: 408
    United Bank of Union
    Similarity Rank: 415
    HNB National Bank
    Similarity Rank: 576
    Bank of Hillsboro
    Similarity Rank: 679

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 136 $21,720,000 $159,706 $1,871 5.32%
    USDA 4 $410,000 $102,500 $3,326 4.69%

    For 2018, Farmers And Merchants Bank Of St. Clair's most frequently originated type of loan was Conventional, with 136 originations. Their 2nd most popular type was USDA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 63 $12,285,000 $195,000 $2,327 5.26%
    Refi 50 $6,770,000 $135,400 $1,762 5.29%
    Cash Out Refi 12 $1,140,000 $95,000 $1,638 4.51%
    Other 9 $765,000 $85,000 $1,196 6.12%
    Home Improvement 6 $1,170,000 $195,000 $500 6.12%

    For 2018, Farmers And Merchants Bank Of St. Clair's most frequently cited loan purpose was Home Purchase, with 63 originations. The 2nd most popular reason was Refi, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 36 $4,470,000 $124,167 $1,870 5.62%
    30 Year 36 $6,120,000 $170,000 $2,361 4.89%
    15 Year 32 $4,060,000 $126,875 $1,643 4.91%
    10 Year 16 $940,000 $58,750 $1,343 5.67%
    Other 12 $5,930,000 $494,167 $2,202 5.30%
    1 Year 4 $540,000 $135,000 $0 5.49%
    5 Year 4 $70,000 $17,500 $617 7.43%

    For 2018, Farmers And Merchants Bank Of St. Clair's most frequently cited loan duration was 20 Year, with 36 originations. The 2nd most popular length was 30 Year, with 36 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 75 $8,775,000 $117,000
    $1k-2k 12 $1,910,000 $159,167
    $2k-3k 4 $720,000 $180,000

    Farmers And Merchants Bank Of St. Clair's average total fees were $2,361, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 75 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 72 $13,760,000 $191,111
    5-6% 34 $5,010,000 $147,353
    6-7% 17 $1,285,000 $75,588
    3-4% 7 $1,535,000 $219,286
    7-8% 6 $310,000 $51,667
    Over 8% 4 $230,000 $57,500

    During 2018, Farmers And Merchants Bank Of St. Clair's average interest rate for loans was 4.89%, while their most frequently originated rate bucket for loans was 4-5%, with 72 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 72 $4,420,000 $61,389 $1,520 5.47%
    $100k-200k 43 $6,085,000 $141,512 $2,268 5.21%
    $200k-400k 19 $5,175,000 $272,368 $2,405 4.99%
    $1MM+ 2 $4,130,000 $2,065,000 $0 4.63%
    $400k-600k 2 $890,000 $445,000 $2,823 4.44%
    $600k-1MM 2 $1,430,000 $715,000 $0 5.50%

    2018 saw Farmers And Merchants Bank Of St. Clair place emphasis on $100,000 or less loans with 72 originations, totaling $4,420,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 34 $2,660,000 $78,235 $1,891 5.31%
    $50k-75k 24 $2,640,000 $110,000 $1,987 5.48%
    $75k-100k 18 $2,980,000 $165,556 $1,807 5.78%
    $100k-150k 12 $1,940,000 $161,667 $1,942 4.83%
    $150k-250k 5 $815,000 $163,000 $1,433 5.95%
    $250k+ 3 $895,000 $298,333 $3,259 5.25%

    Farmers And Merchants Bank Of St. Clair lent most frequently to those with incomes in the $50k or less range, with 34 originations. The second most popular income band? $50k-75k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 28 $3,580,000 $127,857 $1,846 5.25%
    30-36% 19 $2,495,000 $131,316 $1,935 5.35%
    <20% 12 $1,150,000 $95,833 $2,017 5.73%
    40% 6 $1,130,000 $188,333 $2,248 5.08%
    41% 5 $585,000 $117,000 $1,878 5.05%
    44% 4 $690,000 $172,500 $2,118 5.81%
    42% 3 $365,000 $121,667 $1,769 5.88%
    36% 3 $265,000 $88,333 $1,522 6.00%
    39% 3 $125,000 $41,667 $1,069 5.58%
    45% 3 $265,000 $88,333 $1,624 4.88%
    48% 2 $200,000 $100,000 $3,078 5.00%
    49% 2 $250,000 $125,000 $1,956 4.88%
    50-60% 2 $370,000 $185,000 $2,950 5.25%
    47% 2 $190,000 $95,000 $0 6.38%
    38% 2 $230,000 $115,000 $1,973 4.94%
    >60% 1 $275,000 $275,000 $2,537 6.38%
    43% 1 $375,000 $375,000 $2,245 4.50%

    Farmers And Merchants Bank Of St. Clair lent most frequently to those with DTI ratios of 20-30%, with 28 originations. The next most common DTI ratio? 30-36%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 98 $12,510,000 $127,653 $1,958 5.38%
    Not applicable 41 $9,535,000 $232,561 $1,855 5.09%
    Not provided 1 $85,000 $85,000 $0 5.88%

    Approval Rates

    Total approvals of all applications
    90.26%

    Farmers And Merchants Bank Of St. Clair has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.29%

    Farmers And Merchants Bank Of St. Clair has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 140 $22,130,000 $158,071

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $155,000 $155,000
    Multifamily:Site-Built 6 $5,530,000 $921,667
    Single Family (1-4 Units):Manufactured 12 $800,000 $66,667
    Single Family (1-4 Units):Site-Built 121 $15,645,000 $129,298

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $1,560,000 $97,500 $1,585 5.62%
    40-60% 24 $3,750,000 $156,250 $1,696 5.10%
    60-80% 51 $7,675,000 $150,490 $2,077 4.98%
    80-100% 44 $9,010,000 $204,773 $2,267 5.41%
    Under 20% 5 $135,000 $27,000 $699 7.39%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Farmers and Merchants Bank of St. Clair 1010 Crossroads Place High Ridge, MO 63049 Full Service B&M $32,045
    Farmers and Merchants Bank of St. Clair 3732 Hwy 30, Suite B Lonedell, MO 63060 Full Service B&M $12,586
    Farmers and Merchants Bank of St. Clair 530 South Main Street Saint Clair, MO 63077 Full Service B&M $102,803
    Farmers and Merchants Bank of St. Clair 619 Stockell Drive Eureka, MO 63025 Full Service B&M $19,184
    Farmers and Merchants Bank of St. Clair 905 St. Clair Plaza Drive St. Clair, MO 63077 Limited, Drive-thru $0

    For 2018, Farmers And Merchants Bank Of St. Clair had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,879
    Net interest income $7,965
    Total noninterest income $1,900
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $632
    Trading account gains and fees $0
    Additional Noninterest Income $1,268
    Pre-tax net operating income $2,824
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,132
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,132
    Minority interest net income $0
    Net income $2,132
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,132

    Farmers And Merchants Bank Of St. Clair's gross interest income from loans was $8,879,000.
    Farmers And Merchants Bank Of St. Clair's net interest income from loans was $7,965,000.
    Farmers And Merchants Bank Of St. Clair's fee based income from loans was $632,000.
    Farmers And Merchants Bank Of St. Clair's net income from loans was $2,132,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $914
    Provision for credit losses $92
    Total noninterest expense $6,949
    Salaries and employee benefits $3,668
    Premises and equipment expense $776
    Additional noninterest expense $2,505
    Applicable income taxes $692
    Net charge-offs $353
    Cash dividends $0

    Farmers And Merchants Bank Of St. Clair's interest expense for loans was $914,000.
    Farmers And Merchants Bank Of St. Clair's payroll and benefits expense were $3,668,000.
    Farmers And Merchants Bank Of St. Clair's property, plant and equipment expenses $776,000.

    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 $163,195
    Deposits held in domestic offices $163,195
    Deposits by Individuals, partnerships, and corporations $145,181
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $18,014
    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 $62,225
    Demand deposits $62,028
    Nontransaction accounts $100,970
    Money market deposit accounts (MMDAs) $23,798
    Other savings deposits (excluding MMDAs) $28,637
    Total time deposits $48,537
    Total time and savings deposits $101,167
    Noninterest-bearing deposits $33,193
    Interest-bearing deposits $130,002
    Retail deposits $157,969
    IRAs and Keogh plan accounts $9,274
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $191,723
    Cash & Balances due from depository institutions $11,669
    Interest-bearing balances $9,916
    Total securities $26,235
    Federal funds sold & reverse repurchase $507
    Net loans and leases $141,771
    Loan and leases loss allowance $1,449
    Trading account assets $0
    Bank premises and fixed assets $5,046
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $6,495

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $191,723
    Total Liabilities $166,918
    Total deposits $163,195
    Interest-bearing deposits $130,002
    Deposits held in domestic offices $163,195
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $2,366
    Trading liabilities $0
    Other borrowed funds $400
    Subordinated debt $0
    All other liabilities $957

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $141,771
    Loan and leases loss allowance $1,449
    Total loans and leases (domestic) $143,220
    All real estate loans $122,480
    Real estate loans in domestic offices $122,480
    Construction and development loans $9,807
    Residential 1-4 family construction $5,004
    Other construction, all land development and other land $4,803
    Loans secured by nonfarm nonresidential properties $38,366
    Nonfarm nonresidential secured by owner-occupied properties $28,194
    Commercial real estate & other non-farm, non-residential $10,172
    Multifamily residential real estate $21,314
    1-4 family residential loans $52,943
    Farmland loans $50
    Loans held in foreign offices $0
    Farm loans $195
    Commercial and industrial loans $16,643
    To non-U.S. addressees $0
    Loans to individuals $3,573
    Credit card loans $0
    Related Plans $19
    Consumer Auto Loans $1,682
    Other loans to individuals $1,872
    All other loans & leases $329
    Loans to foreign governments and official institutions $0
    Other loans $56
    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 $306
    Non 1-4 family restructured loans & leases $306
    Total loans and leases (foreign) $0

    Farmers and Merchants Bank of St. Clair had $141,771,000 of loans outstanding in 2018. $122,480,000 of loans were in real estate loans. $9,807,000 of loans were in development loans. $21,314,000 of loans were in multifamily mortgage loans. $52,943,000 of loans were in 1-4 family mortgage loans. $195,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,682,000 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 195 $30,082 $154,267
    Nonfarm, nonresidential loans - <$100k 69 $2,289 $33,174
    Nonfarm, nonresidential loans - $100-250k 61 $6,991 $114,607
    Nonfarm, nonresidential loans - $250k-1MM 65 $20,802 $320,031
    Commercial & Industrial, US addressed loans - <$1MM 384 $15,715 $40,924
    Commercial & Industrial, US addressed loans - <$100k 316 $8,218 $26,006
    Commercial & Industrial, US addressed loans - $100-250k 54 $4,777 $88,463
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $2,720 $194,286
    Farmland loans - <$1MM 1 $50 $50,000
    Farmland loans - <$100k 1 $50 $50,000
    Agriculture operations loans - <$1MM 5 $195 $39,000
    Agriculture operations loans - <$100k 4 $20 $5,000
    Agriculture operations loans - $100-250k 1 $175 $175,000