Farmers State Bank Mortgage Rates, Fees & Info

Cameron, MO

LEI: 54930058F1PNDGW35714

Tax ID: 44-0243090

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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

    Farmers State Bank is a smaller bank specializing in Home Purchase loans. Farmers State Bank has a high proportion of conventional loans. Their top markets by origination volume include: St. Joseph, Kansas City, Maryville, Columbia, and Newport among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Farmers 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.

    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

    214

    Origination Dollar Volume (All Markets)

    $34,290,000

    Employee count

    70

    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. JOSEPH, MO-KS (FHA|USDA|VA) 90 $13,670,000 $151,889 $0 0.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 72 $11,230,000 $155,972 $0 0.00%
    Maryville, MO (FHA|USDA|VA) 23 $4,575,000 $198,913 $0 0.00%
    Outside of Metro Areas 25 $3,875,000 $155,000 $0 0.00%
    COLUMBIA, MO (FHA|USDA|VA) 2 $550,000 $275,000 $0 0.00%
    Newport, OR (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Farmers State Bank's top markets include St. Joseph, Kansas City, Maryville, Columbia, and Newport among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 214 $34,290,000 $160,234 $0 0.00%

    For 2019, Farmers State Bank's most frequently originated type of loan was Conventional, with 214 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 129 $21,835,000 $169,264 $0 0.00%
    Cash Out Refi 43 $5,885,000 $136,860 $0 0.00%
    Refi 25 $4,865,000 $194,600 $0 0.00%
    Home Improvement 14 $1,610,000 $115,000 $0 0.00%
    Other 3 $95,000 $31,667 $0 0.00%

    For 2019, Farmers State Bank's most frequently cited loan purpose was Home Purchase, with 129 originations. The 2nd most popular reason was Cash Out Refi, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 214 $34,290,000 $160,234 $0 0.00%

    For 2019, Farmers State Bank's most frequently cited loan duration was Other, with 214 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 85 $4,495,000 $52,882 $0 0.00%
    $100k-200k 66 $9,600,000 $145,455 $0 0.00%
    $200k-400k 55 $14,525,000 $264,091 $0 0.00%
    $400k-600k 5 $2,265,000 $453,000 $0 0.00%
    $1MM+ 2 $2,540,000 $1,270,000 $0 0.00%
    $600k-1MM 1 $865,000 $865,000 $0 0.00%

    2019 saw Farmers State Bank place emphasis on $100,000 or less loans with 85 originations, totaling $4,495,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 46 $10,230,000 $222,391 $0 0.00%
    $50k-75k 46 $5,620,000 $122,174 $0 0.00%
    $75k-100k 35 $5,245,000 $149,857 $0 0.00%
    $50k or less 33 $2,605,000 $78,939 $0 0.00%
    $150k-250k 17 $3,055,000 $179,706 $0 0.00%
    $250k+ 11 $3,895,000 $354,091 $0 0.00%

    Farmers State Bank lent most frequently to those with incomes in the $100k-150k range, with 46 originations. The second most popular income band? $50k-75k, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 214 $34,290,000 $160,234 $0 0.00%

    Farmers State Bank lent most frequently to those with DTI ratios of Exempt%, with 214 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 185 $29,825,000 $161,216 $0 0.00%
    Not applicable 23 $3,545,000 $154,130 $0 0.00%
    Not provided 2 $580,000 $290,000 $0 0.00%
    Black 3 $225,000 $75,000 $0 0.00%
    American Indian 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.72%

    Farmers State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.32%

    Farmers State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 214 $34,290,000 $160,234

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $1,470,000 $245,000
    Single Family (1-4 Units):Manufactured 4 $260,000 $65,000
    Single Family (1-4 Units):Site-Built 204 $32,560,000 $159,608

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Farmers State Bank 1015 State Street Mound City, MO 64470 Full Service B&M $11,556
    Farmers State Bank 110 E Main St Fairfax, MO 64446 Full Service B&M $12,219
    Farmers State Bank 124 East Third St. Cameron, MO 64429 Full Service B&M $93,765
    Farmers State Bank 1503 East Ninth Street Trenton, MO 64683 Full Service B&M $24,438
    Farmers State Bank 1901 Frederick Avenue Saint Joseph, MO 64501 Full Service B&M $0
    Farmers State Bank 2211 N Belt Hwy Saint Joseph, MO 64506 Full Service B&M $19,011
    Farmers State Bank 303 South 2nd Maitland, MO 64466 Full Service B&M $13,647
    Farmers State Bank 416 North Walnut Street Cameron, MO 64429 Limited, Drive-thru $0
    Farmers State Bank 512 Main Street Tarkio, MO 64491 Full Service B&M $36,675

    For 2019, Farmers State Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,695
    Net interest income $9,442
    Total noninterest income $1,764
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $498
    Trading account gains and fees $0
    Additional Noninterest Income $1,266
    Pre-tax net operating income $2,600
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,981
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,981
    Minority interest net income $0
    Net income $1,981
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,981

    Farmers State Bank's gross interest income from loans was $10,695,000.
    Farmers State Bank's net interest income from loans was $9,442,000.
    Farmers State Bank's fee based income from loans was $498,000.
    Farmers State Bank's net income from loans was $1,981,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,253
    Provision for credit losses $124
    Total noninterest expense $8,482
    Salaries and employee benefits $4,307
    Premises and equipment expense $791
    Additional noninterest expense $3,384
    Applicable income taxes $619
    Net charge-offs $83
    Cash dividends $1,575

    Farmers State Bank's interest expense for loans was $1,253,000.
    Farmers State Bank's payroll and benefits expense were $4,307,000.
    Farmers State Bank's property, plant and equipment expenses $791,000.

    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 1.0%
    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 $214,291
    Deposits held in domestic offices $214,291
    Deposits by Individuals, partnerships, and corporations $187,157
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $27,133
    Deposits by Commercial banks and other depository institutions in U.S. $1
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $90,785
    Demand deposits $38,336
    Nontransaction accounts $123,506
    Money market deposit accounts (MMDAs) $23,159
    Other savings deposits (excluding MMDAs) $38,660
    Total time deposits $61,687
    Total time and savings deposits $175,955
    Noninterest-bearing deposits $38,336
    Interest-bearing deposits $175,955
    Retail deposits $201,454
    IRAs and Keogh plan accounts $6,786
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $240,118
    Cash & Balances due from depository institutions $7,182
    Interest-bearing balances $797
    Total securities $27,638
    Federal funds sold & reverse repurchase $2,841
    Net loans and leases $188,466
    Loan and leases loss allowance $1,118
    Trading account assets $0
    Bank premises and fixed assets $5,961
    Other real estate owned $0
    Goodwill and other intangibles $2,003
    All other assets $6,027

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $240,118
    Total Liabilities $215,101
    Total deposits $214,291
    Interest-bearing deposits $175,955
    Deposits held in domestic offices $214,291
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $810

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $188,466
    Loan and leases loss allowance $1,118
    Total loans and leases (domestic) $189,584
    All real estate loans $169,623
    Real estate loans in domestic offices $169,623
    Construction and development loans $5,657
    Residential 1-4 family construction $3,300
    Other construction, all land development and other land $2,357
    Loans secured by nonfarm nonresidential properties $22,896
    Nonfarm nonresidential secured by owner-occupied properties $11,532
    Commercial real estate & other non-farm, non-residential $11,364
    Multifamily residential real estate $9,114
    1-4 family residential loans $103,015
    Farmland loans $28,941
    Loans held in foreign offices $0
    Farm loans $5,155
    Commercial and industrial loans $6,682
    To non-U.S. addressees $0
    Loans to individuals $7,263
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $4,601
    Other loans to individuals $2,662
    All other loans & leases $886
    Loans to foreign governments and official institutions $0
    Other loans $118
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $389
    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

    Farmers State Bank had $188,466,000 of loans outstanding in 2019. $169,623,000 of loans were in real estate loans. $5,657,000 of loans were in development loans. $9,114,000 of loans were in multifamily mortgage loans. $103,015,000 of loans were in 1-4 family mortgage loans. $5,155,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,601,000 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 101 $12,802 $126,752
    Nonfarm, nonresidential loans - <$100k 41 $1,508 $36,780
    Nonfarm, nonresidential loans - $100-250k 34 $3,519 $103,500
    Nonfarm, nonresidential loans - $250k-1MM 26 $7,775 $299,038
    Commercial & Industrial, US addressed loans - <$1MM 92 $3,466 $37,674
    Commercial & Industrial, US addressed loans - <$100k 81 $1,809 $22,333
    Commercial & Industrial, US addressed loans - $100-250k 8 $811 $101,375
    Commercial & Industrial, US addressed loans - $250k-1MM 3 $846 $282,000
    Farmland loans - <$1MM 155 $18,197 $117,400
    Farmland loans - <$100k 56 $2,334 $41,679
    Farmland loans - $100-250k 73 $9,511 $130,288
    Farmland loans - $250k-1MM 26 $6,352 $244,308
    Agriculture operations loans - <$1MM 77 $3,666 $47,610
    Agriculture operations loans - <$100k 55 $1,120 $20,364
    Agriculture operations loans - $100-250k 14 $1,288 $92,000
    Agriculture operations loans - $250k-1MM 8 $1,258 $157,250