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 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, Dubois, Oil City, and Youngstown among others. We have data for 15 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

    414

    Origination Dollar Volume (All Markets)

    $79,460,000

    Employee count

    161

    Awards

    The Farmers National Bank of Emlenton USDA Loans silver The Farmers National Bank of Emlenton 30 Year Conventional Loans silver The Farmers National Bank of Emlenton 30 Year Conventional Loans bronze
    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) 171 $53,945,000 $315,468 $4,336 4.36%
    Outside of Metro Areas 124 $11,210,000 $90,403 $1,497 4.16%
    St. Marys, PA (FHA|USDA|VA) 41 $4,745,000 $115,732 $2,456 4.32%
    DuBois, PA (FHA|USDA|VA) 25 $3,255,000 $130,200 $1,997 4.19%
    Oil City, PA (FHA|USDA|VA) 22 $2,050,000 $93,182 $1,770 4.38%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 7 $1,355,000 $193,571 $3,284 3.94%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 6 $900,000 $150,000 $1,841 4.89%
    Meadville, PA (FHA|USDA|VA) 8 $730,000 $91,250 $1,753 4.23%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $365,000 $365,000 $2,509 4.49%
    New Castle, PA (FHA|USDA|VA) 3 $355,000 $118,333 $2,588 4.33%
    Indiana, PA (FHA|USDA|VA) 1 $215,000 $215,000 $4,915 3.63%
    Bradford, PA (FHA|USDA|VA) 2 $150,000 $75,000 $3,317 4.63%
    MORGANTOWN, WV (FHA|USDA|VA) 1 $85,000 $85,000 $2,484 4.38%
    Salem, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.49%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.25%
    The Farmers National Bank Of Emlenton's top markets include Pittsburgh, St. Marys, Dubois, Oil City, and Youngstown among others.

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

    TRI BORO
    Similarity Rank: 70
    American Financial Mortgage Corporation
    Similarity Rank: 172
    CNB Bank
    Similarity Rank: 192
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 210
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 237
    M. S. Flynn, Inc.
    Similarity Rank: 252
    NEW FED MORTGAGE, CORP.
    Similarity Rank: 328
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 344
    ARMCO CREDIT UNION
    Similarity Rank: 490
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 494

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 394 $77,640,000 $197,056 $2,726 4.28%
    USDA 20 $1,820,000 $91,000 $3,446 4.43%

    For 2019, The Farmers National Bank Of Emlenton's most frequently originated type of loan was Conventional, with 394 originations. Their 2nd most popular type was USDA, with 20 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 173 $46,965,000 $271,474 $4,785 4.31%
    Refi 137 $23,735,000 $173,248 $1,573 4.26%
    Home Improvement 43 $2,215,000 $51,512 $416 4.45%
    Other 40 $2,630,000 $65,750 $348 4.24%
    Cash Out Refi 21 $3,915,000 $186,429 $3,063 4.10%

    For 2019, The Farmers National Bank Of Emlenton's most frequently cited loan purpose was Home Purchase, with 173 originations. The 2nd most popular reason was Refi, with 137 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 98 $20,290,000 $207,041 $3,485 4.10%
    20 Year 91 $12,045,000 $132,363 $1,054 4.75%
    15 Year 80 $9,880,000 $123,500 $1,682 4.57%
    30+ year 54 $28,670,000 $530,926 $7,324 3.98%
    10 Year 47 $2,845,000 $60,532 $474 4.05%
    5 Year 30 $2,040,000 $68,000 $337 3.89%
    Other 12 $2,960,000 $246,667 $3,739 3.91%
    3 Year 2 $730,000 $365,000 $3,100 3.75%

    For 2019, The Farmers National Bank Of Emlenton's most frequently cited loan duration was 30 Year, with 98 originations. The 2nd most popular length was 20 Year, with 91 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 296 $31,650,000 $106,926
    $1k-2k 53 $27,245,000 $514,057
    $2k-3k 15 $9,065,000 $604,333
    $5k+ 3 $1,555,000 $518,333
    $4k-5k 2 $960,000 $480,000
    $3k-4k 1 $575,000 $575,000

    The Farmers National Bank Of Emlenton's average total fees were $3,485, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 296 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 192 $45,000,000 $234,375
    4-5% 171 $28,225,000 $165,058
    5-6% 37 $4,925,000 $133,108
    6-7% 10 $1,100,000 $110,000
    7-8% 4 $210,000 $52,500

    During 2019, The Farmers National Bank Of Emlenton's average interest rate for loans was 4.10%, while their most frequently originated rate bucket for loans was 3-4%, with 192 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 208 $10,960,000 $52,692 $1,024 4.37%
    $100k-200k 100 $14,150,000 $141,500 $2,501 4.37%
    $200k-400k 49 $13,945,000 $284,592 $4,488 4.22%
    $600k-1MM 26 $19,810,000 $761,923 $8,612 3.90%
    $400k-600k 23 $11,375,000 $494,565 $6,113 3.77%
    $1MM+ 8 $9,220,000 $1,152,500 $9,919 4.32%

    2019 saw The Farmers National Bank Of Emlenton place emphasis on $100,000 or less loans with 208 originations, totaling $10,960,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 81 $7,175,000 $88,580 $1,748 4.22%
    $50k or less 80 $5,130,000 $64,125 $1,467 4.26%
    $100k-150k 64 $10,270,000 $160,469 $2,565 4.26%
    $75k-100k 56 $6,360,000 $113,571 $1,963 4.17%
    $150k-250k 52 $17,620,000 $338,846 $4,343 4.20%
    $250k+ 42 $25,690,000 $611,667 $6,742 3.91%

    The Farmers National Bank Of Emlenton lent most frequently to those with incomes in the $50k-75k range, with 81 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% 134 $22,910,000 $170,970 $2,528 4.12%
    <20% 76 $8,160,000 $107,368 $1,750 4.12%
    30-36% 70 $11,980,000 $171,143 $2,196 4.18%
    39% 15 $2,925,000 $195,000 $2,303 4.47%
    38% 13 $4,385,000 $337,308 $4,658 4.17%
    36% 12 $5,720,000 $476,667 $5,755 4.21%
    40% 11 $3,885,000 $353,182 $5,579 4.13%
    41% 9 $1,435,000 $159,444 $3,641 4.53%
    >60% 7 $2,865,000 $409,286 $9,158 4.69%
    42% 7 $1,895,000 $270,714 $3,594 4.13%
    44% 5 $1,285,000 $257,000 $4,371 4.10%
    50-60% 5 $925,000 $185,000 $3,009 4.92%
    37% 4 $690,000 $172,500 $1,717 4.87%
    49% 2 $550,000 $275,000 $3,372 3.88%
    48% 2 $1,170,000 $585,000 $6,172 3.94%
    45% 2 $900,000 $450,000 $5,723 3.88%
    47% 2 $510,000 $255,000 $4,104 4.56%
    43% 1 $175,000 $175,000 $5,215 3.63%

    The Farmers National Bank Of Emlenton lent most frequently to those with DTI ratios of 20-30%, with 134 originations. The next most common DTI ratio? <20%, with 76 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 376 $70,470,000 $187,420 $2,691 4.20%
    Not applicable 33 $6,735,000 $204,091 $0 5.35%
    Black 4 $1,510,000 $377,500 $5,661 4.16%
    Asian 1 $745,000 $745,000 $20,421 3.75%

    Approval Rates

    Total approvals of all applications
    78.96%

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

    Pick Rate

    Approvals leading to origination
    83.82%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 414 $79,460,000 $191,932

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $4,155,000 $461,667
    Single Family (1-4 Units):Manufactured 15 $1,265,000 $84,333
    Single Family (1-4 Units):Site-Built 390 $74,040,000 $189,846

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 51 $2,725,000 $53,431 $540 4.12%
    40-60% 40 $3,820,000 $95,500 $1,275 4.01%
    60-80% 131 $30,735,000 $234,618 $3,412 4.34%
    80-100% 140 $38,250,000 $273,214 $4,175 4.20%
    Over 100% 11 $2,315,000 $210,455 $0 5.59%
    Under 20% 41 $1,615,000 $39,390 $397 4.56%

    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 $18,508
    The Farmers National Bank of Emlenton 101 Sykes Street Sykesville, PA 15865 Full Service B&M $28,160
    The Farmers National Bank of Emlenton 102 Indiana Street Punxsutawney, PA 15767 Full Service B&M $18,268
    The Farmers National Bank of Emlenton 1101 North Main Street Butler, PA 16001 Full Service B&M $89,985
    The Farmers National Bank of Emlenton 127 West Spring Street Titusville, PA 16354 Full Service B&M $91,270
    The Farmers National Bank of Emlenton 1319 West Main Street Grove City, PA 16127 Full Service B&M $54,797
    The Farmers National Bank of Emlenton 173 Main Street Ridgway, PA 15853 Full Service B&M $22,336
    The Farmers National Bank of Emlenton 1812 East Carson Street Pittsburgh, PA 15203 Full Service B&M $32,866
    The Farmers National Bank of Emlenton 20581 Route 19 Cranberry Township, PA 16066 Full Service B&M $29,223
    The Farmers National Bank of Emlenton 263 Main Street Brookville, PA 15825 Full Service B&M $35,572
    The Farmers National Bank of Emlenton 319 Freeport Road Aspinwall, PA 15215 Full Service B&M $16,929
    The Farmers National Bank of Emlenton 433 Kellys Way East Brady, PA 16028 Full Service B&M $23,940
    The Farmers National Bank of Emlenton 444 Main Street Reynoldsville, PA 15851 Full Service B&M $39,495
    The Farmers National Bank of Emlenton 612 Main Street Emlenton, PA 16373 Full Service B&M $61,233
    The Farmers National Bank of Emlenton 7001 Route 322 Cranberry, PA 16319 Full Service B&M $30,688
    The Farmers National Bank of Emlenton 715 Carolina Avenue Chester, WV 26034 Full Service B&M $14,665
    The Farmers National Bank of Emlenton 861 Beaver Drive Du Bois, PA 15801 Full Service B&M $36,641
    The Farmers National Bank of Emlenton Highways 38 And 58 Eau Claire, PA 16030 Full Service B&M $22,240
    The Farmers National Bank of Emlenton Route 338 South Knox, PA 16232 Full Service Retail $41,358
    The Farmers National Bank of Emlenton Sixth And Wood Streets Clarion, PA 16214 Full Service B&M $69,475

    For 2019, The Farmers National Bank Of Emlenton had 20 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $36,145
    Net interest income $28,268
    Total noninterest income $4,268
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,087
    Trading account gains and fees $0
    Additional Noninterest Income $2,181
    Pre-tax net operating income $10,370
    Securities gains (or losses, -) $90
    Income before extraordinary items $8,614
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,614
    Minority interest net income $0
    Net income $8,614
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,540

    The Farmers National Bank Of Emlenton's gross interest income from loans was $36,145,000.
    The Farmers National Bank Of Emlenton's net interest income from loans was $28,268,000.
    The Farmers National Bank Of Emlenton's fee based income from loans was $2,087,000.
    The Farmers National Bank Of Emlenton's net income from loans was $8,614,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,877
    Provision for credit losses $715
    Total noninterest expense $21,451
    Salaries and employee benefits $10,905
    Premises and equipment expense $3,292
    Additional noninterest expense $7,254
    Applicable income taxes $1,846
    Net charge-offs $667
    Cash dividends $4,572

    The Farmers National Bank Of Emlenton's interest expense for loans was $7,877,000.
    The Farmers National Bank Of Emlenton's payroll and benefits expense were $10,905,000.
    The Farmers National Bank Of Emlenton's property, plant and equipment expenses $3,292,000.

    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 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 $787,165
    Deposits held in domestic offices $787,165
    Deposits by Individuals, partnerships, and corporations $621,959
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $165,196
    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 $68,828
    Demand deposits $68,819
    Nontransaction accounts $718,336
    Money market deposit accounts (MMDAs) $238,897
    Other savings deposits (excluding MMDAs) $261,672
    Total time deposits $217,767
    Total time and savings deposits $718,345
    Noninterest-bearing deposits $148,883
    Interest-bearing deposits $638,282
    Retail deposits $719,244
    IRAs and Keogh plan accounts $29,721
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $909,935
    Cash & Balances due from depository institutions $24,684
    Interest-bearing balances $16,271
    Total securities $120,126
    Federal funds sold & reverse repurchase $0
    Net loans and leases $695,348
    Loan and leases loss allowance $6,556
    Trading account assets $0
    Bank premises and fixed assets $20,552
    Other real estate owned $249
    Goodwill and other intangibles $15,728
    All other assets $33,248

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $909,935
    Total Liabilities $825,870
    Total deposits $787,165
    Interest-bearing deposits $638,282
    Deposits held in domestic offices $787,165
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $25,000
    Subordinated debt $0
    All other liabilities $13,705

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $695,348
    Loan and leases loss allowance $6,556
    Total loans and leases (domestic) $701,904
    All real estate loans $626,767
    Real estate loans in domestic offices $626,767
    Construction and development loans $27,287
    Residential 1-4 family construction $9,289
    Other construction, all land development and other land $17,998
    Loans secured by nonfarm nonresidential properties $152,100
    Nonfarm nonresidential secured by owner-occupied properties $47,449
    Commercial real estate & other non-farm, non-residential $104,651
    Multifamily residential real estate $18,681
    1-4 family residential loans $426,375
    Farmland loans $2,324
    Loans held in foreign offices $0
    Farm loans $1,229
    Commercial and industrial loans $40,051
    To non-U.S. addressees $0
    Loans to individuals $14,531
    Credit card loans $181
    Related Plans $1,759
    Consumer Auto Loans $9,543
    Other loans to individuals $3,048
    All other loans & leases $19,326
    Loans to foreign governments and official institutions $0
    Other loans $115
    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 $695,348,000 of loans outstanding in 2019. $626,767,000 of loans were in real estate loans. $27,287,000 of loans were in development loans. $18,681,000 of loans were in multifamily mortgage loans. $426,375,000 of loans were in 1-4 family mortgage loans. $1,229,000 of loans were in farm loans. $181,000 of loans were in credit card loans. $9,543,000 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 463 $73,989 $159,803
    Nonfarm, nonresidential loans - <$100k 149 $6,645 $44,597
    Nonfarm, nonresidential loans - $100-250k 158 $16,461 $104,184
    Nonfarm, nonresidential loans - $250k-1MM 156 $50,883 $326,173
    Commercial & Industrial, US addressed loans - <$1MM 519 $32,446 $62,516
    Commercial & Industrial, US addressed loans - <$100k 367 $9,206 $25,084
    Commercial & Industrial, US addressed loans - $100-250k 95 $8,538 $89,874
    Commercial & Industrial, US addressed loans - $250k-1MM 57 $14,702 $257,930
    Farmland loans - <$1MM 15 $2,323 $154,867
    Farmland loans - <$100k 5 $122 $24,400
    Farmland loans - $100-250k 4 $485 $121,250
    Farmland loans - $250k-1MM 6 $1,716 $286,000
    Agriculture operations loans - <$1MM 16 $1,229 $76,813
    Agriculture operations loans - <$100k 10 $319 $31,900
    Agriculture operations loans - $100-250k 4 $351 $87,750
    Agriculture operations loans - $250k-1MM 2 $559 $279,500