Farmers And Merchants Trust Company Of Chambersburg Mortgage Rates, Fees & Info
Chambersburg, PALEI: 5493008E3WZYM5146L29
Tax ID: 23-0570230
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Review & Overview
Farmers And Merchants Trust Company Of Chambersburg is a smaller mortgage company specializing in Home Purchase and Refi loans. Farmers And Merchants Trust Company Of Chambersburg has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Chambersburg, Harrisburg, York, Huntingdon, and Gettysburg among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Farmers And Merchants Trust Company Of Chambersburg has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/18/24 |
| 30 Year Conventional Purchase | 6.41% | 4/18/24 |
| 30 Year Conventional Refi | 6.39% | 4/18/24 |
| 30 Year Cash-out Refi | 6.39% | 4/18/24 |
| 30 Year FHA Purchase | 7.18% | 4/18/24 |
| 30 Year VA Purchase | 6.27% | 4/18/24 |
| 30 Year USDA Purchase | 6.20% | 4/18/24 |
| 15 Year Conventional Purchase | 6.15% | 4/18/24 |
| 15 Year Conventional Refi | 5.98% | 4/18/24 |
| 15 Year Cash-out Refi | 5.98% | 4/18/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Farmers And Merchants Trust Company Of Chambersburg Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
595Origination Dollar Volume (All Markets)
$76,335,000Employee count
283Top 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 |
|---|---|---|---|---|---|
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 389 | $48,245,000 | $124,023 | $0 | 0.00% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 120 | $17,710,000 | $147,583 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 15 | $2,445,000 | $163,000 | $0 | 0.00% |
| Outside of Metro Areas | 25 | $1,965,000 | $78,600 | $0 | 0.00% |
| Huntingdon, PA (FHA|USDA|VA) | 23 | $1,845,000 | $80,217 | $0 | 0.00% |
| GETTYSBURG, PA (FHA|USDA|VA) | 11 | $1,785,000 | $162,273 | $0 | 0.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $0 | 0.00% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| READING, PA (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Lewistown, PA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 0.00% |
| Lewisburg, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Farmers and Merchants Trust Company of Chambersburg based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2019, Farmers And Merchants Trust Company Of Chambersburg's most frequently originated type of loan was Conventional, with 586 originations. Their 2nd most popular type was VA, with 4 originations.
Loan Reason
For 2019, Farmers And Merchants Trust Company Of Chambersburg's most frequently cited loan purpose was Home Purchase, with 213 originations. The 2nd most popular reason was Refi, with 210 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 595 | $76,335,000 | $128,294 | $0 | 0.00% |
For 2019, Farmers And Merchants Trust Company Of Chambersburg's most frequently cited loan duration was Other, with 595 originations.
Loan Sizing
2019 saw Farmers And Merchants Trust Company Of Chambersburg place emphasis on $100,000 or less loans with 286 originations, totaling $15,250,000 in origination value.
Applicant Income
Farmers And Merchants Trust Company Of Chambersburg lent most frequently to those with incomes in the $50k or less range, with 147 originations. The second most popular income band? $50k-75k, with 131 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 595 | $76,335,000 | $128,294 | $0 | 0.00% |
Farmers And Merchants Trust Company Of Chambersburg lent most frequently to those with DTI ratios of Exempt%, with 595 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.27%
Farmers And Merchants Trust Company Of Chambersburg has a below average approval rate.
Pick Rate
Approvals leading to origination91.93%
Farmers And Merchants Trust Company Of Chambersburg has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 595 | $76,335,000 | $128,294 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Farmers and Merchants Trust Company of Chambersburg | 100 Lincoln Way East Mcconnellsburg, PA 17233 | Full Service B&M | $61,185 |
| Farmers and Merchants Trust Company of Chambersburg | 1100 Lincoln Way West Hamilton Township, PA 17201 | Full Service B&M | $71,458 |
| Farmers and Merchants Trust Company of Chambersburg | 13 Shippensburg Shopping Center Shippensburg, PA 17257 | Full Service B&M | $85,011 |
| Farmers and Merchants Trust Company of Chambersburg | 150 Lincoln Way Chambersburg, PA 17201 | Limited, Drive-thru | $0 |
| Farmers and Merchants Trust Company of Chambersburg | 1625 Philadelphia Avenue Chambersburg, PA 17201 | Full Service B&M | $11,843 |
| Farmers and Merchants Trust Company of Chambersburg | 1712 Lincoln Way East Chambersburg, PA 17201 | Full Service B&M | $65,762 |
| Farmers and Merchants Trust Company of Chambersburg | 18810 Sandy Ridge Station Orbisonia, PA 17243 | Full Service B&M | $18,220 |
| Farmers and Merchants Trust Company of Chambersburg | 1901 Ritner Highway Carlisle, PA 17013 | Full Service B&M | $41,682 |
| Farmers and Merchants Trust Company of Chambersburg | 2 Park Street Mont Alto, PA 17237 | Full Service B&M | $69,462 |
| Farmers and Merchants Trust Company of Chambersburg | 20 South Main Street Chambersburg, PA 17201 | Full Service B&M | $168,044 |
| Farmers and Merchants Trust Company of Chambersburg | 200 East Main Street Waynesboro, PA 17268 | Full Service B&M | $64,159 |
| Farmers and Merchants Trust Company of Chambersburg | 2075 Scotland Avenue Chambersburg, PA 17201 | Full Service B&M | $13,145 |
| Farmers and Merchants Trust Company of Chambersburg | 2405 Philadelphia Avenue Extended Chambersburg, PA 17201 | Full Service B&M | $81,041 |
| Farmers and Merchants Trust Company of Chambersburg | 3 East First Street Boiling Springs, PA 17007 | Full Service B&M | $32,809 |
| Farmers and Merchants Trust Company of Chambersburg | 3907 Market Street Camp Hill, PA 17011 | Full Service B&M | $7,244 |
| Farmers and Merchants Trust Company of Chambersburg | 518 N. Antrim Way Greencastle, PA 17225 | Full Service B&M | $43,567 |
| Farmers and Merchants Trust Company of Chambersburg | 6375 Carlisle Pike Mechanicsburg, PA 17055 | Full Service B&M | $48,336 |
| Farmers and Merchants Trust Company of Chambersburg | 7781 Waterfall Road Hustontown, PA 17229 | Full Service B&M | $13,023 |
| Farmers and Merchants Trust Company of Chambersburg | 800 East High Street Carlisle, PA 17013 | Full Service B&M | $0 |
| Farmers and Merchants Trust Company of Chambersburg | 841 Wayne Avenue Chambersburg, PA 17201 | Full Service B&M | $80,256 |
| Farmers and Merchants Trust Company of Chambersburg | 870 Norland Avenue Chambersburg, PA 17201 | Full Service B&M | $60,288 |
| Farmers and Merchants Trust Company of Chambersburg | 9 West Big Spring Avenue Newville, PA 17241 | Full Service B&M | $24,600 |
| Farmers and Merchants Trust Company of Chambersburg | Carlisle Crossing Branch, 214a Westminster Drive Carlisle, PA 17013 | Full Service B&M | $23,591 |
| Farmers and Merchants Trust Company of Chambersburg | Colorado Street Marion, PA 17235 | Full Service B&M | $28,402 |
| Farmers and Merchants Trust Company of Chambersburg | South Mountain Restoration Center South Mountain, PA 17261 | Limited, Drive-thru | $0 |
For 2019, Farmers And Merchants Trust Company Of Chambersburg had 25 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $50,972 |
| Net interest income | $43,859 |
| Total noninterest income | $14,764 |
| Gross Fiduciary activities income | $5,907 |
| Service charges on deposit accounts | $2,975 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $5,882 |
| Pre-tax net operating income | $19,849 |
| Securities gains (or losses, -) | $256 |
| Income before extraordinary items | $16,358 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $16,358 |
| Minority interest net income | $0 |
| Net income | $16,358 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $16,150 |
Farmers And Merchants Trust Company Of Chambersburg's gross interest income from loans was $50,972,000.
Farmers And Merchants Trust Company Of Chambersburg's net interest income from loans was $43,859,000.
Farmers And Merchants Trust Company Of Chambersburg's fee based income from loans was $2,975,000.
Farmers And Merchants Trust Company Of Chambersburg's net income from loans was $16,358,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $7,113 |
| Provision for credit losses | $237 |
| Total noninterest expense | $38,537 |
| Salaries and employee benefits | $22,702 |
| Premises and equipment expense | $3,598 |
| Additional noninterest expense | $12,237 |
| Applicable income taxes | $3,747 |
| Net charge-offs | $686 |
| Cash dividends | $8,710 |
Farmers And Merchants Trust Company Of Chambersburg's interest expense for loans was $7,113,000.
Farmers And Merchants Trust Company Of Chambersburg's payroll and benefits expense were $22,702,000.
Farmers And Merchants Trust Company Of Chambersburg's property, plant and equipment expenses $3,598,000.
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 | 1.0% |
| 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 | $1,125,629 |
| Deposits held in domestic offices | $1,125,629 |
| Deposits by Individuals, partnerships, and corporations | $979,341 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $140,891 |
| Deposits by Commercial banks and other depository institutions in U.S. | $5,396 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $201,434 |
| Demand deposits | $166,084 |
| Nontransaction accounts | $924,194 |
| Money market deposit accounts (MMDAs) | $429,200 |
| Other savings deposits (excluding MMDAs) | $405,178 |
| Total time deposits | $89,816 |
| Total time and savings deposits | $959,544 |
| Noninterest-bearing deposits | $192,344 |
| Interest-bearing deposits | $933,285 |
| Retail deposits | $1,114,079 |
| IRAs and Keogh plan accounts | $32,996 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,271,086 |
| Cash & Balances due from depository institutions | $92,574 |
| Interest-bearing balances | $80,505 |
| Total securities | $187,433 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $924,649 |
| Loan and leases loss allowance | $11,966 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $18,977 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $9,016 |
| All other assets | $38,437 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,271,086 |
| Total Liabilities | $1,145,082 |
| Total deposits | $1,125,629 |
| Interest-bearing deposits | $933,285 |
| Deposits held in domestic offices | $1,125,629 |
| % insured (estimated) | $90 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $5,161 |
| Subordinated debt | $0 |
| All other liabilities | $14,292 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $924,649 |
| Loan and leases loss allowance | $11,966 |
| Total loans and leases (domestic) | $936,615 |
| All real estate loans | $700,168 |
| Real estate loans in domestic offices | $700,168 |
| Construction and development loans | $106,105 |
| Residential 1-4 family construction | $13,323 |
| Other construction, all land development and other land | $92,782 |
| Loans secured by nonfarm nonresidential properties | $353,434 |
| Nonfarm nonresidential secured by owner-occupied properties | $153,393 |
| Commercial real estate & other non-farm, non-residential | $200,041 |
| Multifamily residential real estate | $18,642 |
| 1-4 family residential loans | $192,583 |
| Farmland loans | $29,404 |
| Loans held in foreign offices | $0 |
| Farm loans | $5,568 |
| Commercial and industrial loans | $78,712 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $6,440 |
| Credit card loans | $0 |
| Related Plans | $3,341 |
| Consumer Auto Loans | $620 |
| Other loans to individuals | $2,479 |
| All other loans & leases | $145,727 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $4,938 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $559 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $8,794 |
| Non 1-4 family restructured loans & leases | $8,135 |
| Total loans and leases (foreign) | $0 |
Farmers and Merchants Trust Company of Chambersburg had $924,649,000 of loans outstanding in 2019. $700,168,000 of loans were in real estate loans. $106,105,000 of loans were in development loans. $18,642,000 of loans were in multifamily mortgage loans. $192,583,000 of loans were in 1-4 family mortgage loans. $5,568,000 of loans were in farm loans. $0 of loans were in credit card loans. $620,000 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 | 337 | $71,485 | $212,122 |
| Nonfarm, nonresidential loans - <$100k | 66 | $2,680 | $40,606 |
| Nonfarm, nonresidential loans - $100-250k | 102 | $12,041 | $118,049 |
| Nonfarm, nonresidential loans - $250k-1MM | 169 | $56,764 | $335,882 |
| Commercial & Industrial, US addressed loans - <$1MM | 792 | $39,593 | $49,991 |
| Commercial & Industrial, US addressed loans - <$100k | 561 | $13,275 | $23,663 |
| Commercial & Industrial, US addressed loans - $100-250k | 134 | $9,381 | $70,007 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 97 | $16,937 | $174,608 |
| Farmland loans - <$1MM | 86 | $10,469 | $121,733 |
| Farmland loans - <$100k | 37 | $1,068 | $28,865 |
| Farmland loans - $100-250k | 27 | $3,534 | $130,889 |
| Farmland loans - $250k-1MM | 22 | $5,867 | $266,682 |
| Agriculture operations loans - <$1MM | 52 | $1,590 | $30,577 |
| Agriculture operations loans - <$100k | 46 | $1,219 | $26,500 |
| Agriculture operations loans - $100-250k | 6 | $371 | $61,833 |