Farmers State Bank Mortgage Rates, Fees & Info

Cameron, MO

LEI: 54930058F1PNDGW35714

Tax ID: 44-0243090

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
  • 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 and Cash Out Refi loans. Farmers State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, St. Joseph, Springfield, Maryville, and Jefferson City 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

    269

    Origination Dollar Volume (All Markets)

    $54,985,000

    Employee count

    65

    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
    KANSAS CITY, MO-KS (FHA|USDA|VA) 116 $27,730,000 $239,052 $0 0.00%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 107 $18,635,000 $174,159 $0 0.00%
    Outside of Metro Areas 38 $6,800,000 $178,947 $0 0.00%
    SPRINGFIELD, MO (FHA|USDA|VA) 2 $510,000 $255,000 $0 0.00%
    Maryville, MO (FHA|USDA|VA) 3 $495,000 $165,000 $0 0.00%
    JEFFERSON CITY, MO (FHA|USDA|VA) 2 $470,000 $235,000 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
    Farmers State Bank's top markets include Kansas City, St. Joseph, Springfield, Maryville, and Jefferson City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 269 $54,985,000 $204,405 $0 0.00%

    For 2021, Farmers State Bank's most frequently originated type of loan was Conventional, with 269 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 160 $34,040,000 $212,750 $0 0.00%
    Cash Out Refi 79 $13,385,000 $169,430 $0 0.00%
    Refi 26 $7,100,000 $273,077 $0 0.00%
    Home Improvement 2 $290,000 $145,000 $0 0.00%
    Other 2 $170,000 $85,000 $0 0.00%

    For 2021, Farmers State Bank's most frequently cited loan purpose was Home Purchase, with 160 originations. The 2nd most popular reason was Cash Out Refi, with 79 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 269 $54,985,000 $204,405 $0 0.00%

    For 2021, Farmers State Bank's most frequently cited loan duration was Other, with 269 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 86 $5,260,000 $61,163 $0 0.00%
    $100k-200k 85 $12,105,000 $142,412 $0 0.00%
    $200k-400k 69 $20,315,000 $294,420 $0 0.00%
    $400k-600k 21 $10,425,000 $496,429 $0 0.00%
    $600k-1MM 7 $5,435,000 $776,429 $0 0.00%
    $1MM+ 1 $1,445,000 $1,445,000 $0 0.00%

    2021 saw Farmers State Bank place emphasis on $100,000 or less loans with 86 originations, totaling $5,260,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 53 $12,275,000 $231,604 $0 0.00%
    $50k or less 38 $3,490,000 $91,842 $0 0.00%
    $150k-250k 36 $11,640,000 $323,333 $0 0.00%
    $50k-75k 36 $4,400,000 $122,222 $0 0.00%
    $75k-100k 33 $6,185,000 $187,424 $0 0.00%
    $250k+ 20 $9,960,000 $498,000 $0 0.00%

    Farmers State Bank lent most frequently to those with incomes in the $100k-150k range, with 53 originations. The second most popular income band? $50k or less, with 38 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 269 $54,985,000 $204,405 $0 0.00%

    Farmers State Bank lent most frequently to those with DTI ratios of Exempt%, with 269 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 210 $46,320,000 $220,571 $0 0.00%
    Not applicable 43 $4,815,000 $111,977 $0 0.00%
    Not provided 13 $3,225,000 $248,077 $0 0.00%
    American Indian 1 $485,000 $485,000 $0 0.00%
    Asian 1 $75,000 $75,000 $0 0.00%
    Black 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.97%

    Farmers State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.62%

    Farmers State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 269 $54,985,000 $204,405

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    269 $54,985,000 $204,405

    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 $15,640
    Farmers State Bank 110 E Main St Fairfax, MO 64446 Full Service B&M $22,474
    Farmers State Bank 124 East Third St. Cameron, MO 64429 Full Service B&M $120,450
    Farmers State Bank 1503 East Ninth Street Trenton, MO 64683 Full Service B&M $26,308
    Farmers State Bank 2211 N Belt Hwy Saint Joseph, MO 64506 Full Service B&M $26,998
    Farmers State Bank 303 South 2nd Maitland, MO 64466 Full Service B&M $18,256
    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 $49,329

    For 2021, Farmers State Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,554
    Net interest income $10,998
    Total noninterest income $1,449
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $436
    Trading account gains and fees $0
    Additional Noninterest Income $1,013
    Pre-tax net operating income $3,618
    Securities gains (or losses, -) $6
    Income before extraordinary items $2,793
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,793
    Minority interest net income $0
    Net income $2,793
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,788

    Farmers State Bank's gross interest income from loans was $11,554,000.
    Farmers State Bank's net interest income from loans was $10,998,000.
    Farmers State Bank's fee based income from loans was $436,000.
    Farmers State Bank's net income from loans was $2,793,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $556
    Provision for credit losses $134
    Total noninterest expense $8,695
    Salaries and employee benefits $4,173
    Premises and equipment expense $819
    Additional noninterest expense $3,703
    Applicable income taxes $831
    Net charge-offs $-46
    Cash dividends $1,948

    Farmers State Bank's interest expense for loans was $556,000.
    Farmers State Bank's payroll and benefits expense were $4,173,000.
    Farmers State Bank's property, plant and equipment expenses $819,000.

    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 $281,407
    Deposits held in domestic offices $281,407
    Deposits by Individuals, partnerships, and corporations $255,606
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $25,800
    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 $140,369
    Demand deposits $61,374
    Nontransaction accounts $141,038
    Money market deposit accounts (MMDAs) $34,943
    Other savings deposits (excluding MMDAs) $58,377
    Total time deposits $47,718
    Total time and savings deposits $220,033
    Noninterest-bearing deposits $61,374
    Interest-bearing deposits $220,033
    Retail deposits $272,895
    IRAs and Keogh plan accounts $6,213
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $308,971
    Cash & Balances due from depository institutions $21,288
    Interest-bearing balances $16,766
    Total securities $50,503
    Federal funds sold & reverse repurchase $0
    Net loans and leases $225,531
    Loan and leases loss allowance $1,425
    Trading account assets $0
    Bank premises and fixed assets $4,940
    Other real estate owned $0
    Goodwill and other intangibles $1,904
    All other assets $4,805

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $308,971
    Total Liabilities $282,091
    Total deposits $281,407
    Interest-bearing deposits $220,033
    Deposits held in domestic offices $281,407
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $684

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $225,531
    Loan and leases loss allowance $1,425
    Total loans and leases (domestic) $226,956
    All real estate loans $208,096
    Real estate loans in domestic offices $208,096
    Construction and development loans $14,724
    Residential 1-4 family construction $8,227
    Other construction, all land development and other land $6,497
    Loans secured by nonfarm nonresidential properties $23,418
    Nonfarm nonresidential secured by owner-occupied properties $10,453
    Commercial real estate & other non-farm, non-residential $12,965
    Multifamily residential real estate $9,970
    1-4 family residential loans $126,979
    Farmland loans $33,005
    Loans held in foreign offices $0
    Farm loans $3,735
    Commercial and industrial loans $5,280
    To non-U.S. addressees $0
    Loans to individuals $8,874
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $5,787
    Other loans to individuals $3,087
    All other loans & leases $1,005
    Loans to foreign governments and official institutions $0
    Other loans $38
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $305
    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 $225,531,000 of loans outstanding in 2021. $208,096,000 of loans were in real estate loans. $14,724,000 of loans were in development loans. $9,970,000 of loans were in multifamily mortgage loans. $126,979,000 of loans were in 1-4 family mortgage loans. $3,735,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,787,000 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 99 $12,302 $124,263
    Nonfarm, nonresidential loans - <$100k 40 $1,361 $34,025
    Nonfarm, nonresidential loans - $100-250k 31 $3,309 $106,742
    Nonfarm, nonresidential loans - $250k-1MM 28 $7,632 $272,571
    Commercial & Industrial, US addressed loans - <$1MM 113 $4,536 $40,142
    Commercial & Industrial, US addressed loans - <$100k 98 $2,201 $22,459
    Commercial & Industrial, US addressed loans - $100-250k 11 $1,028 $93,455
    Commercial & Industrial, US addressed loans - $250k-1MM 4 $1,307 $326,750
    Farmland loans - <$1MM 140 $17,992 $128,514
    Farmland loans - <$100k 43 $1,943 $45,186
    Farmland loans - $100-250k 66 $7,893 $119,591
    Farmland loans - $250k-1MM 31 $8,156 $263,097
    Agriculture operations loans - <$1MM 62 $3,091 $49,855
    Agriculture operations loans - <$100k 36 $534 $14,833
    Agriculture operations loans - $100-250k 17 $1,354 $79,647
    Agriculture operations loans - $250k-1MM 9 $1,203 $133,667