The Farmers National Bank Of Emlenton Mortgage Rates, Fees & Info

Emlenton, PA

LEI: 5493008P7IF5WNSI6V48

Tax ID: 25-0472020

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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 Farmers National Bank Of Emlenton is a smaller bank specializing in Home Purchase and Cash Out Refi loans. The Farmers National Bank Of Emlenton has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Pittsburgh, St. Marys, Oil City, Dubois, and Youngstown among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Farmers National Bank Of Emlenton 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. The Farmers National Bank Of Emlenton is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.25% 11/22/24
    30 Year Conventional Refi 6.33% 11/22/24
    30 Year Cash-out Refi 5.87% 11/22/24
    30 Year USDA Purchase 7.62% 11/22/24
    15 Year Conventional Purchase 6.12% 11/22/24
    15 Year Conventional Refi 5.46% 11/22/24
    15 Year Cash-out Refi 5.46% 11/22/24
    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.

    The Farmers National Bank Of Emlenton Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from The Farmers National Bank Of Emlenton. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    395

    Origination Dollar Volume (All Markets)

    $64,195,000

    Employee count

    164

    Awards

    The Farmers National Bank of Emlenton 30 Year Conventional Loans gold The Farmers National Bank of Emlenton 30 Year Conventional Loans silver The Farmers National Bank of Emlenton 30 Year Conventional Loans silver
    Show all (3) awards

    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
    PITTSBURGH, PA (FHA|USDA|VA) 161 $42,245,000 $262,391 $3,379 4.42%
    Outside of Metro Areas 106 $8,690,000 $81,981 $1,053 4.34%
    St. Marys, PA (FHA|USDA|VA) 46 $5,490,000 $119,348 $1,226 4.28%
    Oil City, PA (FHA|USDA|VA) 27 $2,415,000 $89,444 $1,066 4.20%
    DuBois, PA (FHA|USDA|VA) 20 $1,830,000 $91,500 $1,222 4.31%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 7 $1,435,000 $205,000 $2,966 4.48%
    Meadville, PA (FHA|USDA|VA) 16 $1,150,000 $71,875 $554 4.56%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 4 $220,000 $55,000 $1,032 5.88%
    New Castle, PA (FHA|USDA|VA) 1 $165,000 $165,000 $6,326 4.75%
    Bradford, PA (FHA|USDA|VA) 2 $160,000 $80,000 $163 4.37%
    Warren, PA (FHA|USDA|VA) 1 $135,000 $135,000 $4,753 4.25%
    Cortland, NY (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.75%
    ERIE, PA (FHA|USDA|VA) 1 $85,000 $85,000 $2,183 3.88%
    Salem, OH (FHA|USDA|VA) 2 $60,000 $30,000 $747 5.50%
    The Farmers National Bank Of Emlenton's top markets include Pittsburgh, St. Marys, Oil City, Dubois, and Youngstown among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • New York (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The Farmers National Bank of Emlenton based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Westmoreland Federal Savings
    Similarity Rank: 12
    TRI BORO
    Similarity Rank: 25
    Commercial Bank and Trust of PA
    Similarity Rank: 57
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 88
    West View Savings Bank
    Similarity Rank: 102
    CNB Bank
    Similarity Rank: 120
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 152
    M. S. Flynn, Inc.
    Similarity Rank: 204
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 348
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 570

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 388 $63,380,000 $163,351 $1,978 4.39%
    USDA 7 $815,000 $116,429 $4,123 4.71%

    For 2018, The Farmers National Bank Of Emlenton's most frequently originated type of loan was Conventional, with 388 originations. Their 2nd most popular type was USDA, with 7 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 152 $41,930,000 $275,855 $4,464 4.62%
    Cash Out Refi 123 $14,455,000 $117,520 $515 4.31%
    Home Improvement 55 $3,545,000 $64,455 $481 4.18%
    Other 41 $1,845,000 $45,000 $304 4.06%
    Refi 24 $2,420,000 $100,833 $1,138 4.45%

    For 2018, The Farmers National Bank Of Emlenton's most frequently cited loan purpose was Home Purchase, with 152 originations. The 2nd most popular reason was Cash Out Refi, with 123 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 115 $14,205,000 $123,522 $941 4.62%
    15 Year 68 $6,580,000 $96,765 $841 4.46%
    30 Year 63 $13,155,000 $208,810 $3,748 4.45%
    10 Year 48 $2,930,000 $61,042 $385 4.27%
    5 Year 43 $2,105,000 $48,953 $385 3.59%
    30+ year 38 $21,320,000 $561,053 $7,061 4.44%
    Other 19 $3,865,000 $203,421 $3,322 4.65%
    3 Year 1 $35,000 $35,000 $686 3.74%

    For 2018, The Farmers National Bank Of Emlenton's most frequently cited loan duration was 20 Year, with 115 originations. The 2nd most popular length was 15 Year, with 68 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 307 $30,035,000 $97,834
    $1k-2k 48 $24,990,000 $520,625
    $2k-3k 3 $645,000 $215,000
    $3k-4k 3 $1,545,000 $515,000
    $4k-5k 2 $2,260,000 $1,130,000
    $5k+ 1 $555,000 $555,000

    The Farmers National Bank Of Emlenton's average total fees were $3,748, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 307 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 204 $37,380,000 $183,235
    3-4% 137 $21,605,000 $157,701
    5-6% 35 $3,825,000 $109,286
    6-7% 11 $525,000 $47,727
    <2.5% 6 $790,000 $131,667
    2.5-3% 1 $15,000 $15,000
    7-8% 1 $55,000 $55,000

    During 2018, The Farmers National Bank Of Emlenton's average interest rate for loans was 4.45%, while their most frequently originated rate bucket for loans was 4-5%, with 204 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 213 $10,775,000 $50,587 $661 4.38%
    $100k-200k 91 $12,345,000 $135,659 $1,705 4.40%
    $200k-400k 51 $13,145,000 $257,745 $3,642 4.42%
    $600k-1MM 19 $14,505,000 $763,421 $8,234 4.41%
    $400k-600k 17 $8,715,000 $512,647 $6,302 4.40%
    $1MM+ 4 $4,710,000 $1,177,500 $10,659 4.34%

    2018 saw The Farmers National Bank Of Emlenton place emphasis on $100,000 or less loans with 213 originations, totaling $10,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 87 $7,055,000 $81,092 $1,243 4.21%
    $50k or less 80 $4,880,000 $61,000 $1,052 4.49%
    $100k-150k 75 $11,815,000 $157,533 $2,143 4.34%
    $75k-100k 59 $5,175,000 $87,712 $1,017 4.41%
    $150k-250k 47 $14,145,000 $300,957 $3,388 4.43%
    $250k+ 29 $18,355,000 $632,931 $6,541 4.14%

    The Farmers National Bank Of Emlenton lent most frequently to those with incomes in the $50k-75k range, with 87 originations. The second most popular income band? $50k or less, with 80 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 119 $17,535,000 $147,353 $1,699 4.32%
    30-36% 85 $13,285,000 $156,294 $2,080 4.25%
    <20% 79 $11,065,000 $140,063 $1,602 4.43%
    36% 21 $3,215,000 $153,095 $2,196 4.62%
    38% 19 $3,365,000 $177,105 $2,492 4.26%
    39% 18 $3,820,000 $212,222 $2,846 4.34%
    37% 16 $4,560,000 $285,000 $3,029 4.19%
    42% 9 $1,075,000 $119,444 $1,646 4.36%
    40% 5 $325,000 $65,000 $795 4.97%
    50-60% 3 $1,515,000 $505,000 $5,549 4.63%
    45% 2 $490,000 $245,000 $6,093 4.62%
    >60% 2 $220,000 $110,000 $2,334 4.06%
    41% 1 $495,000 $495,000 $6,309 4.00%
    48% 1 $735,000 $735,000 $9,073 3.88%

    The Farmers National Bank Of Emlenton lent most frequently to those with DTI ratios of 20-30%, with 119 originations. The next most common DTI ratio? 30-36%, with 85 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 373 $58,255,000 $156,180 $1,951 4.35%
    Asian 8 $3,130,000 $391,250 $5,077 4.48%
    Not applicable 10 $1,960,000 $196,000 $0 5.73%
    Black 2 $730,000 $365,000 $3,926 4.43%
    Not provided 1 $105,000 $105,000 $2,588 4.63%
    American Indian 1 $15,000 $15,000 $326 4.24%

    Approval Rates

    Total approvals of all applications
    79.30%

    The Farmers National Bank Of Emlenton has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    88.35%

    The Farmers National Bank Of Emlenton has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 395 $64,195,000 $162,519

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,530,000 $382,500
    Single Family (1-4 Units):Manufactured 11 $995,000 $90,455
    Single Family (1-4 Units):Site-Built 380 $61,670,000 $162,289

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 56 $3,430,000 $61,250 $475 4.05%
    40-60% 55 $5,755,000 $104,636 $1,087 4.43%
    60-80% 126 $24,240,000 $192,381 $2,606 4.48%
    80-100% 113 $27,615,000 $244,381 $3,186 4.37%
    Over 100% 6 $1,620,000 $270,000 $3,473 5.47%
    Under 20% 39 $1,535,000 $39,359 $426 4.45%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Farmers National Bank of Emlenton 10 North Michael Street Saint Marys, PA 15857 Full Service B&M $18,793
    The Farmers National Bank of Emlenton 1101 North Main Street Butler, PA 16001 Full Service B&M $95,242
    The Farmers National Bank of Emlenton 127 West Spring Street Titusville, PA 16354 Full Service B&M $85,833
    The Farmers National Bank of Emlenton 1319 West Main Street Grove City, PA 16127 Full Service B&M $53,180
    The Farmers National Bank of Emlenton 173 Main Street Ridgway, PA 15853 Full Service B&M $20,819
    The Farmers National Bank of Emlenton 1812 East Carson Street Pittsburgh, PA 15203 Full Service B&M $35,544
    The Farmers National Bank of Emlenton 20581 Route 19 Cranberry Township, PA 16066 Full Service B&M $29,402
    The Farmers National Bank of Emlenton 263 Main Street Brookville, PA 15825 Full Service B&M $33,492
    The Farmers National Bank of Emlenton 319 Freeport Road Aspinwall, PA 15215 Full Service B&M $21,441
    The Farmers National Bank of Emlenton 433 Kellys Way East Brady, PA 16028 Full Service B&M $25,129
    The Farmers National Bank of Emlenton 612 Main Street Emlenton, PA 16373 Full Service B&M $61,265
    The Farmers National Bank of Emlenton 7001 Route 322 Cranberry, PA 16319 Full Service B&M $33,534
    The Farmers National Bank of Emlenton 715 Carolina Avenue Chester, WV 26034 Full Service B&M $13,325
    The Farmers National Bank of Emlenton 861 Beaver Drive Du Bois, PA 15801 Full Service B&M $34,289
    The Farmers National Bank of Emlenton Highways 38 And 58 Eau Claire, PA 16030 Full Service B&M $21,383
    The Farmers National Bank of Emlenton Route 338 South Knox, PA 16232 Full Service Retail $42,331
    The Farmers National Bank of Emlenton Sixth And Wood Streets Clarion, PA 16214 Full Service B&M $60,962

    For 2018, The Farmers National Bank Of Emlenton had 17 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $30,965
    Net interest income $25,838
    Total noninterest income $3,594
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,967
    Trading account gains and fees $0
    Additional Noninterest Income $1,627
    Pre-tax net operating income $5,138
    Securities gains (or losses, -) $-18
    Income before extraordinary items $4,429
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,429
    Minority interest net income $0
    Net income $4,429
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,444

    The Farmers National Bank Of Emlenton's gross interest income from loans was $30,965,000.
    The Farmers National Bank Of Emlenton's net interest income from loans was $25,838,000.
    The Farmers National Bank Of Emlenton's fee based income from loans was $1,967,000.
    The Farmers National Bank Of Emlenton's net income from loans was $4,429,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,127
    Provision for credit losses $1,280
    Total noninterest expense $23,014
    Salaries and employee benefits $11,119
    Premises and equipment expense $3,095
    Additional noninterest expense $8,800
    Applicable income taxes $691
    Net charge-offs $899
    Cash dividends $3,316

    The Farmers National Bank Of Emlenton's interest expense for loans was $5,127,000.
    The Farmers National Bank Of Emlenton's payroll and benefits expense were $11,119,000.
    The Farmers National Bank Of Emlenton's property, plant and equipment expenses $3,095,000.

    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 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $761,687
    Deposits held in domestic offices $761,687
    Deposits by Individuals, partnerships, and corporations $595,646
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $166,032
    Deposits by Commercial banks and other depository institutions in U.S. $9
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $67,254
    Demand deposits $67,091
    Nontransaction accounts $694,433
    Money market deposit accounts (MMDAs) $223,542
    Other savings deposits (excluding MMDAs) $249,292
    Total time deposits $221,600
    Total time and savings deposits $694,596
    Noninterest-bearing deposits $149,035
    Interest-bearing deposits $612,652
    Retail deposits $700,502
    IRAs and Keogh plan accounts $28,656
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $893,574
    Cash & Balances due from depository institutions $17,693
    Interest-bearing balances $7,812
    Total securities $97,725
    Federal funds sold & reverse repurchase $0
    Net loans and leases $708,663
    Loan and leases loss allowance $6,508
    Trading account assets $0
    Bank premises and fixed assets $18,911
    Other real estate owned $701
    Goodwill and other intangibles $15,906
    All other assets $33,975

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $893,574
    Total Liabilities $814,392
    Total deposits $761,687
    Interest-bearing deposits $612,652
    Deposits held in domestic offices $761,687
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $40,800
    Subordinated debt $0
    All other liabilities $11,905

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $708,663
    Loan and leases loss allowance $6,508
    Total loans and leases (domestic) $715,171
    All real estate loans $639,478
    Real estate loans in domestic offices $639,478
    Construction and development loans $49,565
    Residential 1-4 family construction $16,043
    Other construction, all land development and other land $33,522
    Loans secured by nonfarm nonresidential properties $134,026
    Nonfarm nonresidential secured by owner-occupied properties $45,458
    Commercial real estate & other non-farm, non-residential $88,568
    Multifamily residential real estate $23,650
    1-4 family residential loans $428,492
    Farmland loans $3,745
    Loans held in foreign offices $0
    Farm loans $2,173
    Commercial and industrial loans $42,514
    To non-U.S. addressees $0
    Loans to individuals $11,132
    Credit card loans $292
    Related Plans $1,934
    Consumer Auto Loans $5,860
    Other loans to individuals $3,046
    All other loans & leases $19,875
    Loans to foreign governments and official institutions $0
    Other loans $155
    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 Farmers National Bank of Emlenton had $708,663,000 of loans outstanding in 2018. $639,478,000 of loans were in real estate loans. $49,565,000 of loans were in development loans. $23,650,000 of loans were in multifamily mortgage loans. $428,492,000 of loans were in 1-4 family mortgage loans. $2,173,000 of loans were in farm loans. $292,000 of loans were in credit card loans. $5,860,000 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 482 $75,579 $156,803
    Nonfarm, nonresidential loans - <$100k 165 $7,084 $42,933
    Nonfarm, nonresidential loans - $100-250k 161 $17,170 $106,646
    Nonfarm, nonresidential loans - $250k-1MM 156 $51,325 $329,006
    Commercial & Industrial, US addressed loans - <$1MM 561 $31,694 $56,496
    Commercial & Industrial, US addressed loans - <$100k 417 $10,493 $25,163
    Commercial & Industrial, US addressed loans - $100-250k 89 $8,786 $98,719
    Commercial & Industrial, US addressed loans - $250k-1MM 55 $12,415 $225,727
    Farmland loans - <$1MM 24 $3,745 $156,042
    Farmland loans - <$100k 10 $426 $42,600
    Farmland loans - $100-250k 5 $682 $136,400
    Farmland loans - $250k-1MM 9 $2,637 $293,000
    Agriculture operations loans - <$1MM 31 $2,173 $70,097
    Agriculture operations loans - <$100k 21 $735 $35,000
    Agriculture operations loans - $100-250k 7 $766 $109,429
    Agriculture operations loans - $250k-1MM 3 $672 $224,000