The Fauquier Bank Mortgage Rates, Fees & Info

Warrenton, VA

LEI: 5493001VT8SWB1RDE889

Tax ID: 54-0208840

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

Jump to:

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, and Winchester among others. We have data for 4 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.

    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.


    Originations

    125

    Origination Dollar Volume (All Markets)

    $45,155,000

    Employee count

    141

    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) 109 $37,855,000 $347,294 $0 0.00%
    Outside of Metro Areas 14 $6,980,000 $498,571 $0 0.00%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    The Fauquier Bank's top markets include Washington, Virginia Beach, and Winchester among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 125 $45,155,000 $361,240 $0 0.00%

    For 2019, The Fauquier Bank's most frequently originated type of loan was Conventional, with 125 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 70 $19,980,000 $285,429 $0 0.00%
    Refi 45 $22,585,000 $501,889 $0 0.00%
    Other 6 $1,670,000 $278,333 $0 0.00%
    Home Improvement 4 $920,000 $230,000 $0 0.00%

    For 2019, The Fauquier Bank's most frequently cited loan purpose was Home Purchase, with 70 originations. The 2nd most popular reason was Refi, with 45 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 125 $45,155,000 $361,240 $0 0.00%

    For 2019, The Fauquier Bank's most frequently cited loan duration was Other, with 125 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 42 $11,780,000 $280,476 $0 0.00%
    $100k-200k 32 $4,990,000 $155,938 $0 0.00%
    $400k-600k 19 $9,245,000 $486,579 $0 0.00%
    $100,000 or less 15 $905,000 $60,333 $0 0.00%
    $600k-1MM 14 $11,030,000 $787,857 $0 0.00%
    $1MM+ 3 $7,205,000 $2,401,667 $0 0.00%

    2019 saw The Fauquier Bank place emphasis on $200k-400k loans with 42 originations, totaling $11,780,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 22 $10,630,000 $483,182 $0 0.00%
    $50k-75k 18 $3,920,000 $217,778 $0 0.00%
    $75k-100k 18 $4,670,000 $259,444 $0 0.00%
    $250k+ 17 $11,965,000 $703,824 $0 0.00%
    $100k-150k 15 $7,225,000 $481,667 $0 0.00%
    $50k or less 15 $2,535,000 $169,000 $0 0.00%

    The Fauquier Bank lent most frequently to those with incomes in the $150k-250k range, with 22 originations. The second most popular income band? $50k-75k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 125 $45,155,000 $361,240 $0 0.00%

    The Fauquier Bank lent most frequently to those with DTI ratios of Exempt%, with 125 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 95 $37,135,000 $390,895 $0 0.00%
    Not provided 9 $3,455,000 $383,889 $0 0.00%
    Not applicable 15 $2,955,000 $197,000 $0 0.00%
    Asian 3 $1,175,000 $391,667 $0 0.00%
    Black 3 $435,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.42%

    The Fauquier Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    83.20%

    The Fauquier Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 125 $45,155,000 $361,240

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $4,695,000 $1,565,000
    Single Family (1-4 Units):Site-Built 122 $40,460,000 $331,639

    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 $232,718
    The Fauquier Bank 10260 Bristow's Center Drive Bristow, VA 20136 Full Service B&M $19,533
    The Fauquier Bank 15240 Washington Street Haymarket, VA 20169 Full Service B&M $32,698
    The Fauquier Bank 3543 Catlett Rd Catlett, VA 20119 Full Service B&M $36,132
    The Fauquier Bank 5119 Lee Hwy Warrenton, VA 20187 Full Service B&M $61,338
    The Fauquier Bank 6207 Station Drive Bealeton, VA 22712 Full Service B&M $36,068
    The Fauquier Bank 6464 Main St The Plains, VA 20198 Full Service B&M $28,700
    The Fauquier Bank 7485 Limestone Drive Gainesville, VA 20155 Full Service B&M $14,197
    The Fauquier Bank 8091 Sudley Road Manassas, VA 20109 Full Service B&M $28,966
    The Fauquier Bank 87 West Lee Highway Warrenton, VA 20186 Full Service B&M $99,395
    The Fauquier Bank 8780 Centreville Road Manassas, VA 20110 Full Service B&M $17,576

    For 2019, The Fauquier Bank had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $29,163
    Net interest income $24,842
    Total noninterest income $6,900
    Gross Fiduciary activities income $1,743
    Service charges on deposit accounts $1,389
    Trading account gains and fees $0
    Additional Noninterest Income $3,768
    Pre-tax net operating income $8,609
    Securities gains (or losses, -) $91
    Income before extraordinary items $7,398
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,398
    Minority interest net income $0
    Net income $7,398
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,320

    The Fauquier Bank's gross interest income from loans was $29,163,000.
    The Fauquier Bank's net interest income from loans was $24,842,000.
    The Fauquier Bank's fee based income from loans was $1,389,000.
    The Fauquier Bank's net income from loans was $7,398,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,321
    Provision for credit losses $346
    Total noninterest expense $22,787
    Salaries and employee benefits $12,020
    Premises and equipment expense $3,052
    Additional noninterest expense $7,715
    Applicable income taxes $1,302
    Net charge-offs $295
    Cash dividends $2,654

    The Fauquier Bank's interest expense for loans was $4,321,000.
    The Fauquier Bank's payroll and benefits expense were $12,020,000.
    The Fauquier Bank's property, plant and equipment expenses $3,052,000.

    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 8.0%
    Credit card loans 0.0%
    Other individual loans 9.0%
    Auto loans 0.0%
    Other consumer loans 9.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $622,737
    Deposits held in domestic offices $622,737
    Deposits by Individuals, partnerships, and corporations $573,220
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $48,290
    Deposits by Commercial banks and other depository institutions in U.S. $1,226
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $69,713
    Demand deposits $43,685
    Nontransaction accounts $553,024
    Money market deposit accounts (MMDAs) $92,653
    Other savings deposits (excluding MMDAs) $386,247
    Total time deposits $74,125
    Total time and savings deposits $579,052
    Noninterest-bearing deposits $124,074
    Interest-bearing deposits $498,663
    Retail deposits $609,544
    IRAs and Keogh plan accounts $19,037
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $721,670
    Cash & Balances due from depository institutions $45,998
    Interest-bearing balances $33,837
    Total securities $80,186
    Federal funds sold & reverse repurchase $14
    Net loans and leases $545,246
    Loan and leases loss allowance $5,227
    Trading account assets $0
    Bank premises and fixed assets $22,537
    Other real estate owned $1,356
    Goodwill and other intangibles $0
    All other assets $26,333

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $721,670
    Total Liabilities $651,358
    Total deposits $622,737
    Interest-bearing deposits $498,663
    Deposits held in domestic offices $622,737
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $21,819
    Subordinated debt $0
    All other liabilities $6,802

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $545,246
    Loan and leases loss allowance $5,227
    Total loans and leases (domestic) $550,473
    All real estate loans $508,960
    Real estate loans in domestic offices $508,960
    Construction and development loans $62,421
    Residential 1-4 family construction $13,036
    Other construction, all land development and other land $49,385
    Loans secured by nonfarm nonresidential properties $181,898
    Nonfarm nonresidential secured by owner-occupied properties $94,567
    Commercial real estate & other non-farm, non-residential $87,331
    Multifamily residential real estate $465
    1-4 family residential loans $261,366
    Farmland loans $2,810
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $27,429
    To non-U.S. addressees $0
    Loans to individuals $13,917
    Credit card loans $545
    Related Plans $2,161
    Consumer Auto Loans $1,187
    Other loans to individuals $10,024
    All other loans & leases $192
    Loans to foreign governments and official institutions $0
    Other loans $192
    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 $545,246,000 of loans outstanding in 2019. $508,960,000 of loans were in real estate loans. $62,421,000 of loans were in development loans. $465,000 of loans were in multifamily mortgage loans. $261,366,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $545,000 of loans were in credit card loans. $1,187,000 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 127 $39,303 $309,472
    Nonfarm, nonresidential loans - <$100k 8 $414 $51,750
    Nonfarm, nonresidential loans - $100-250k 41 $5,882 $143,463
    Nonfarm, nonresidential loans - $250k-1MM 78 $33,007 $423,167
    Commercial & Industrial, US addressed loans - <$1MM 385 $23,657 $61,447
    Commercial & Industrial, US addressed loans - <$100k 310 $9,228 $29,768
    Commercial & Industrial, US addressed loans - $100-250k 43 $4,581 $106,535
    Commercial & Industrial, US addressed loans - $250k-1MM 32 $9,848 $307,750