The Fauquier Bank Mortgage Rates, Fees & Info

Warrenton, VA

LEI: 5493001VT8SWB1RDE889

Tax ID: 54-0208840

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    The Fauquier Bank is a smaller bank specializing in Home Purchase and Refi loans. The Fauquier Bank has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Virginia Beach, Winchester, and Richmond among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Fauquier 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.

    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

    163

    Origination Dollar Volume (All Markets)

    $51,975,000

    Employee count

    142

    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
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 154 $47,820,000 $310,519 $0 0.00%
    Outside of Metro Areas 5 $3,825,000 $765,000 $0 0.00%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $190,000 $95,000 $0 0.00%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    RICHMOND, VA (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    The Fauquier Bank's top markets include Washington, Virginia Beach, Winchester, and Richmond among others.

    Their top states include:
  • Virginia (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 163 $51,975,000 $318,865 $0 0.00%

    For 2018, The Fauquier Bank's most frequently originated type of loan was Conventional, with 163 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 98 $29,530,000 $301,327 $0 0.00%
    Refi 57 $20,385,000 $357,632 $0 0.00%
    Home Improvement 5 $1,495,000 $299,000 $0 0.00%
    Other 3 $565,000 $188,333 $0 0.00%

    For 2018, The Fauquier Bank's most frequently cited loan purpose was Home Purchase, with 98 originations. The 2nd most popular reason was Refi, with 57 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 163 $51,975,000 $318,865 $0 0.00%

    For 2018, The Fauquier Bank's most frequently cited loan duration was Other, with 163 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 57 $15,755,000 $276,404 $0 0.00%
    $100k-200k 50 $7,930,000 $158,600 $0 0.00%
    $400k-600k 29 $13,185,000 $454,655 $0 0.00%
    $100,000 or less 13 $845,000 $65,000 $0 0.00%
    $600k-1MM 11 $8,145,000 $740,455 $0 0.00%
    $1MM+ 3 $6,115,000 $2,038,333 $0 0.00%

    2018 saw The Fauquier Bank place emphasis on $200k-400k loans with 57 originations, totaling $15,755,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 33 $11,755,000 $356,212 $0 0.00%
    $150k-250k 32 $10,330,000 $322,813 $0 0.00%
    $75k-100k 24 $5,900,000 $245,833 $0 0.00%
    $250k+ 23 $15,195,000 $660,652 $0 0.00%
    $50k-75k 21 $4,265,000 $203,095 $0 0.00%
    $50k or less 16 $2,490,000 $155,625 $0 0.00%

    The Fauquier Bank lent most frequently to those with incomes in the $100k-150k range, with 33 originations. The second most popular income band? $150k-250k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 163 $51,975,000 $318,865 $0 0.00%

    The Fauquier Bank lent most frequently to those with DTI ratios of Exempt%, with 163 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 117 $41,455,000 $354,316 $0 0.00%
    Not provided 29 $7,555,000 $260,517 $0 0.00%
    Not applicable 14 $2,040,000 $145,714 $0 0.00%
    Asian 2 $520,000 $260,000 $0 0.00%
    Black 1 $405,000 $405,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.89%

    The Fauquier Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.73%

    The Fauquier Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 163 $51,975,000 $318,865

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $135,000 $135,000
    Single Family (1-4 Units):Site-Built 162 $51,840,000 $320,000

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Fauquier Bank 10 Court House Square Warrenton, VA 20186 Full Service B&M $210,623
    The Fauquier Bank 10260 Bristow's Center Drive Bristow, VA 20136 Full Service B&M $26,305
    The Fauquier Bank 15240 Washington Street Haymarket, VA 20169 Full Service B&M $28,113
    The Fauquier Bank 3543 Catlett Rd Catlett, VA 20119 Full Service B&M $30,750
    The Fauquier Bank 5119 Lee Hwy Warrenton, VA 20187 Full Service B&M $60,571
    The Fauquier Bank 6207 Station Drive Bealeton, VA 22712 Full Service B&M $33,252
    The Fauquier Bank 6464 Main St The Plains, VA 20198 Full Service B&M $31,253
    The Fauquier Bank 7485 Limestone Drive Gainesville, VA 20155 Full Service B&M $9,873
    The Fauquier Bank 8091 Sudley Road Manassas, VA 20109 Full Service B&M $27,146
    The Fauquier Bank 87 West Lee Highway Warrenton, VA 20186 Full Service B&M $97,869
    The Fauquier Bank 8780 Centreville Road Manassas, VA 20110 Full Service B&M $10,390

    For 2018, The Fauquier Bank had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $26,693
    Net interest income $23,659
    Total noninterest income $6,128
    Gross Fiduciary activities income $1,541
    Service charges on deposit accounts $1,576
    Trading account gains and fees $0
    Additional Noninterest Income $3,011
    Pre-tax net operating income $6,893
    Securities gains (or losses, -) $838
    Income before extraordinary items $6,696
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,696
    Minority interest net income $0
    Net income $6,696
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,966

    The Fauquier Bank's gross interest income from loans was $26,693,000.
    The Fauquier Bank's net interest income from loans was $23,659,000.
    The Fauquier Bank's fee based income from loans was $1,576,000.
    The Fauquier Bank's net income from loans was $6,696,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,034
    Provision for credit losses $507
    Total noninterest expense $22,387
    Salaries and employee benefits $11,988
    Premises and equipment expense $3,010
    Additional noninterest expense $7,389
    Applicable income taxes $1,035
    Net charge-offs $425
    Cash dividends $1,811

    The Fauquier Bank's interest expense for loans was $3,034,000.
    The Fauquier Bank's payroll and benefits expense were $11,988,000.
    The Fauquier Bank's property, plant and equipment expenses $3,010,000.

    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 1.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 8.0%
    Credit card loans 0.0%
    Other individual loans 8.0%
    Auto loans 0.0%
    Other consumer loans 9.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $635,901
    Deposits held in domestic offices $635,901
    Deposits by Individuals, partnerships, and corporations $595,083
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $40,819
    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 $76,228
    Demand deposits $46,098
    Nontransaction accounts $559,674
    Money market deposit accounts (MMDAs) $68,295
    Other savings deposits (excluding MMDAs) $409,166
    Total time deposits $82,212
    Total time and savings deposits $589,804
    Noninterest-bearing deposits $123,839
    Interest-bearing deposits $512,062
    Retail deposits $608,489
    IRAs and Keogh plan accounts $16,113
    Brokered deposits $14,514
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $730,268
    Cash & Balances due from depository institutions $66,913
    Interest-bearing balances $55,866
    Total securities $71,884
    Federal funds sold & reverse repurchase $17
    Net loans and leases $544,191
    Loan and leases loss allowance $5,176
    Trading account assets $0
    Bank premises and fixed assets $18,190
    Other real estate owned $1,356
    Goodwill and other intangibles $0
    All other assets $27,717

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $730,268
    Total Liabilities $666,858
    Total deposits $635,901
    Interest-bearing deposits $512,062
    Deposits held in domestic offices $635,901
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $23,780
    Subordinated debt $0
    All other liabilities $7,177

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $544,191
    Loan and leases loss allowance $5,176
    Total loans and leases (domestic) $549,367
    All real estate loans $507,923
    Real estate loans in domestic offices $507,923
    Construction and development loans $69,679
    Residential 1-4 family construction $13,508
    Other construction, all land development and other land $56,171
    Loans secured by nonfarm nonresidential properties $187,797
    Nonfarm nonresidential secured by owner-occupied properties $94,396
    Commercial real estate & other non-farm, non-residential $93,401
    Multifamily residential real estate $484
    1-4 family residential loans $248,233
    Farmland loans $1,730
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $26,733
    To non-U.S. addressees $0
    Loans to individuals $14,573
    Credit card loans $584
    Related Plans $2,056
    Consumer Auto Loans $970
    Other loans to individuals $10,963
    All other loans & leases $150
    Loans to foreign governments and official institutions $0
    Other loans $150
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    The Fauquier Bank had $544,191,000 of loans outstanding in 2018. $507,923,000 of loans were in real estate loans. $69,679,000 of loans were in development loans. $484,000 of loans were in multifamily mortgage loans. $248,233,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $584,000 of loans were in credit card loans. $970,000 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 122 $37,817 $309,975
    Nonfarm, nonresidential loans - <$100k 7 $285 $40,714
    Nonfarm, nonresidential loans - $100-250k 41 $5,939 $144,854
    Nonfarm, nonresidential loans - $250k-1MM 74 $31,593 $426,932
    Commercial & Industrial, US addressed loans - <$1MM 367 $20,982 $57,172
    Commercial & Industrial, US addressed loans - <$100k 293 $8,464 $28,887
    Commercial & Industrial, US addressed loans - $100-250k 50 $5,489 $109,780
    Commercial & Industrial, US addressed loans - $250k-1MM 24 $7,029 $292,875
    Farmland loans - <$1MM 1 $321 $321,000
    Farmland loans - $250k-1MM 1 $321 $321,000