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 Refi and Home Purchase 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 Myrtle Beach among others. We have data for 18 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

    516

    Origination Dollar Volume (All Markets)

    $137,220,000

    Employee count

    160

    Awards

    The Farmers National Bank of Emlenton 30 Year Conventional Loans gold The Farmers National Bank of Emlenton USDA Loans bronze
    Show all (2) 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) 233 $94,465,000 $405,429 $4,809 3.58%
    Outside of Metro Areas 119 $15,705,000 $131,975 $1,934 3.55%
    St. Marys, PA (FHA|USDA|VA) 45 $6,555,000 $145,667 $2,396 3.53%
    DuBois, PA (FHA|USDA|VA) 37 $6,175,000 $166,892 $2,232 3.41%
    Oil City, PA (FHA|USDA|VA) 33 $4,095,000 $124,091 $1,849 3.32%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $3,005,000 $3,005,000 $0 4.50%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 14 $2,730,000 $195,000 $2,298 3.59%
    Meadville, PA (FHA|USDA|VA) 12 $820,000 $68,333 $1,115 3.89%
    Key West, FL (FHA|USDA|VA) 1 $785,000 $785,000 $6,418 3.38%
    Somerset, PA (FHA|USDA|VA) 1 $685,000 $685,000 $6,212 3.38%
    New Castle, PA (FHA|USDA|VA) 6 $610,000 $101,667 $1,325 3.73%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $505,000 $505,000 $3,728 3.25%
    Salem, OH (FHA|USDA|VA) 4 $420,000 $105,000 $1,458 3.50%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 4 $330,000 $82,500 $1,401 4.06%
    ERIE, PA (FHA|USDA|VA) 1 $135,000 $135,000 $2,786 2.75%
    ALTOONA, PA (FHA|USDA|VA) 1 $105,000 $105,000 $2,501 3.00%
    Indiana, PA (FHA|USDA|VA) 2 $50,000 $25,000 $326 4.25%
    Warren, PA (FHA|USDA|VA) 1 $45,000 $45,000 $326 3.49%
    The Farmers National Bank Of Emlenton's top markets include Pittsburgh, St. Marys, Dubois, Oil City, and Myrtle Beach among others.

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

    M. S. Flynn, Inc.
    Similarity Rank: 236
    TRI BORO
    Similarity Rank: 264
    CNB Bank
    Similarity Rank: 390
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 456
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 623
    NEW FED MORTGAGE, CORP.
    Similarity Rank: 644
    ARMCO CREDIT UNION
    Similarity Rank: 645
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 670
    PRINCETON FINANCIAL LLC
    Similarity Rank: 754
    Standard Bank, PaSB
    Similarity Rank: 756

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 502 $135,590,000 $270,100 $3,182 3.56%
    USDA 14 $1,630,000 $116,429 $3,877 3.29%

    For 2020, The Farmers National Bank Of Emlenton's most frequently originated type of loan was Conventional, with 502 originations. Their 2nd most popular type was USDA, with 14 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 222 $54,120,000 $243,784 $2,424 3.51%
    Home Purchase 195 $67,845,000 $347,923 $5,078 3.58%
    Home Improvement 37 $1,835,000 $49,595 $352 3.72%
    Cash Out Refi 34 $9,550,000 $280,882 $3,260 3.40%
    Other 28 $3,870,000 $138,214 $1,183 3.66%

    For 2020, The Farmers National Bank Of Emlenton's most frequently cited loan purpose was Refi, with 222 originations. The 2nd most popular reason was Home Purchase, with 195 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 140 $43,780,000 $312,714 $4,146 3.39%
    15 Year 133 $24,275,000 $182,519 $2,233 3.41%
    20 Year 101 $21,435,000 $212,228 $1,671 4.01%
    30+ year 54 $31,950,000 $591,667 $7,982 3.37%
    10 Year 46 $8,730,000 $189,783 $508 3.64%
    5 Year 23 $1,165,000 $50,652 $292 3.64%
    Other 19 $5,885,000 $309,737 $3,877 3.50%

    For 2020, The Farmers National Bank Of Emlenton's most frequently cited loan duration was 30 Year, with 140 originations. The 2nd most popular length was 15 Year, with 133 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 383 $69,585,000 $181,684
    $1k-2k 49 $24,835,000 $506,837
    $2k-3k 14 $5,570,000 $397,857
    $5k+ 10 $13,160,000 $1,316,000
    $3k-4k 6 $3,540,000 $590,000
    $4k-5k 3 $1,725,000 $575,000

    The Farmers National Bank Of Emlenton's average total fees were $4,146, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 383 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 329 $91,345,000 $277,644
    2.5-3% 115 $31,285,000 $272,043
    4-5% 48 $11,840,000 $246,667
    5-6% 17 $2,265,000 $133,235
    <2.5% 3 $345,000 $115,000
    6-7% 2 $30,000 $15,000
    7-8% 2 $110,000 $55,000

    During 2020, The Farmers National Bank Of Emlenton's average interest rate for loans was 3.39%, while their most frequently originated rate bucket for loans was 3-4%, with 329 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 180 $10,470,000 $58,167 $1,153 3.78%
    $100k-200k 141 $20,245,000 $143,582 $2,199 3.46%
    $200k-400k 97 $26,925,000 $277,577 $3,959 3.40%
    $600k-1MM 42 $31,290,000 $745,000 $7,779 3.42%
    $400k-600k 39 $19,615,000 $502,949 $5,840 3.41%
    $1MM+ 17 $28,675,000 $1,686,765 $12,465 3.38%

    2020 saw The Farmers National Bank Of Emlenton place emphasis on $100,000 or less loans with 180 originations, totaling $10,470,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 92 $17,990,000 $195,543 $2,829 3.47%
    $150k-250k 91 $31,925,000 $350,824 $4,161 3.50%
    $50k-75k 81 $8,875,000 $109,568 $1,971 3.58%
    $75k-100k 77 $11,805,000 $153,312 $2,488 3.37%
    $50k or less 67 $4,745,000 $70,821 $1,434 3.63%
    $250k+ 62 $44,710,000 $721,129 $6,933 3.20%

    The Farmers National Bank Of Emlenton lent most frequently to those with incomes in the $100k-150k range, with 92 originations. The second most popular income band? $150k-250k, with 91 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 185 $41,215,000 $222,784 $2,901 3.40%
    30-36% 104 $28,040,000 $269,615 $3,190 3.55%
    <20% 84 $19,460,000 $231,667 $2,919 3.39%
    36% 18 $2,510,000 $139,444 $2,072 3.47%
    37% 16 $6,950,000 $434,375 $4,691 3.38%
    38% 13 $2,535,000 $195,000 $3,351 3.32%
    42% 13 $4,665,000 $358,846 $4,342 3.61%
    39% 12 $2,320,000 $193,333 $2,483 3.92%
    41% 10 $4,790,000 $479,000 $5,357 3.43%
    40% 8 $2,740,000 $342,500 $4,412 3.64%
    >60% 3 $955,000 $318,333 $10,686 4.79%
    43% 3 $975,000 $325,000 $2,976 4.25%
    47% 3 $1,615,000 $538,333 $5,701 3.13%
    50-60% 2 $960,000 $480,000 $10,526 3.81%
    45% 1 $355,000 $355,000 $5,907 3.50%
    44% 1 $565,000 $565,000 $10,608 3.63%

    The Farmers National Bank Of Emlenton lent most frequently to those with DTI ratios of 20-30%, with 185 originations. The next most common DTI ratio? 30-36%, with 104 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 457 $111,515,000 $244,015 $3,157 3.49%
    Not applicable 33 $15,535,000 $470,758 $0 4.69%
    Not provided 17 $4,355,000 $256,176 $3,157 3.13%
    Black 5 $2,075,000 $415,000 $3,965 3.36%
    Asian 2 $2,070,000 $1,035,000 $6,888 2.88%
    Native Hawaiian or Islander 1 $1,115,000 $1,115,000 $10,046 3.38%
    Asian Indian 1 $555,000 $555,000 $6,808 3.38%

    Approval Rates

    Total approvals of all applications
    85.62%

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

    Pick Rate

    Approvals leading to origination
    81.40%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 516 $137,220,000 $265,930

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $215,000 $215,000
    Multifamily:Site-Built 12 $9,770,000 $814,167
    Single Family (1-4 Units):Manufactured 14 $1,240,000 $88,571
    Single Family (1-4 Units):Site-Built 489 $125,995,000 $257,658

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 40 $3,030,000 $75,750 $876 3.61%
    40-60% 77 $12,485,000 $162,143 $2,014 3.38%
    60-80% 191 $59,575,000 $311,911 $3,719 3.52%
    80-100% 166 $50,770,000 $305,843 $4,181 3.47%
    Over 100% 17 $10,365,000 $609,706 $4,910 4.39%
    Under 20% 25 $995,000 $39,800 $285 4.22%

    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 $18,537
    The Farmers National Bank of Emlenton 101 Sykes Street Sykesville, PA 15865 Full Service B&M $20,387
    The Farmers National Bank of Emlenton 102 Indiana Street Punxsutawney, PA 15767 Full Service B&M $21,740
    The Farmers National Bank of Emlenton 1101 North Main Street Butler, PA 16001 Full Service B&M $102,984
    The Farmers National Bank of Emlenton 127 West Spring Street Titusville, PA 16354 Full Service B&M $103,150
    The Farmers National Bank of Emlenton 1319 West Main Street Grove City, PA 16127 Full Service B&M $56,620
    The Farmers National Bank of Emlenton 173 Main Street Ridgway, PA 15853 Full Service B&M $25,020
    The Farmers National Bank of Emlenton 1812 East Carson Street Pittsburgh, PA 15203 Full Service B&M $33,426
    The Farmers National Bank of Emlenton 20581 Route 19 Cranberry Township, PA 16066 Full Service B&M $45,986
    The Farmers National Bank of Emlenton 263 Main Street Brookville, PA 15825 Full Service B&M $39,190
    The Farmers National Bank of Emlenton 319 Freeport Road Aspinwall, PA 15215 Full Service B&M $22,327
    The Farmers National Bank of Emlenton 433 Kellys Way East Brady, PA 16028 Full Service B&M $24,474
    The Farmers National Bank of Emlenton 444 Main Street Reynoldsville, PA 15851 Full Service B&M $37,327
    The Farmers National Bank of Emlenton 612 Main Street Emlenton, PA 16373 Full Service B&M $61,021
    The Farmers National Bank of Emlenton 7001 Route 322 Cranberry, PA 16319 Full Service B&M $31,918
    The Farmers National Bank of Emlenton 715 Carolina Avenue Chester, WV 26034 Full Service B&M $15,535
    The Farmers National Bank of Emlenton 861 Beaver Drive Du Bois, PA 15801 Full Service B&M $51,920
    The Farmers National Bank of Emlenton Highways 38 And 58 Eau Claire, PA 16030 Full Service B&M $26,529
    The Farmers National Bank of Emlenton Route 338 South Knox, PA 16232 Full Service Retail $44,851
    The Farmers National Bank of Emlenton Sixth And Wood Streets Clarion, PA 16214 Full Service B&M $85,868

    For 2020, The Farmers National Bank Of Emlenton had 20 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $37,147
    Net interest income $29,204
    Total noninterest income $3,689
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,447
    Trading account gains and fees $0
    Additional Noninterest Income $2,242
    Pre-tax net operating income $8,328
    Securities gains (or losses, -) $683
    Income before extraordinary items $7,402
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,402
    Minority interest net income $0
    Net income $7,402
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,841

    The Farmers National Bank Of Emlenton's gross interest income from loans was $37,147,000.
    The Farmers National Bank Of Emlenton's net interest income from loans was $29,204,000.
    The Farmers National Bank Of Emlenton's fee based income from loans was $1,447,000.
    The Farmers National Bank Of Emlenton's net income from loans was $7,402,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,943
    Provision for credit losses $3,247
    Total noninterest expense $21,318
    Salaries and employee benefits $10,252
    Premises and equipment expense $3,206
    Additional noninterest expense $7,860
    Applicable income taxes $1,609
    Net charge-offs $223
    Cash dividends $5,186

    The Farmers National Bank Of Emlenton's interest expense for loans was $7,943,000.
    The Farmers National Bank Of Emlenton's payroll and benefits expense were $10,252,000.
    The Farmers National Bank Of Emlenton's property, plant and equipment expenses $3,206,000.

    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 $893,742
    Deposits held in domestic offices $893,742
    Deposits by Individuals, partnerships, and corporations $701,176
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $192,556
    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 $86,553
    Demand deposits $86,553
    Nontransaction accounts $807,188
    Money market deposit accounts (MMDAs) $286,466
    Other savings deposits (excluding MMDAs) $332,774
    Total time deposits $187,947
    Total time and savings deposits $807,188
    Noninterest-bearing deposits $193,866
    Interest-bearing deposits $699,876
    Retail deposits $835,034
    IRAs and Keogh plan accounts $28,455
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,027,003
    Cash & Balances due from depository institutions $43,157
    Interest-bearing balances $34,833
    Total securities $113,056
    Federal funds sold & reverse repurchase $0
    Net loans and leases $800,413
    Loan and leases loss allowance $9,580
    Trading account assets $0
    Bank premises and fixed assets $19,577
    Other real estate owned $344
    Goodwill and other intangibles $15,519
    All other assets $34,937

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,027,003
    Total Liabilities $938,871
    Total deposits $893,742
    Interest-bearing deposits $699,876
    Deposits held in domestic offices $893,742
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $30,000
    Subordinated debt $0
    All other liabilities $15,129

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $800,413
    Loan and leases loss allowance $9,580
    Total loans and leases (domestic) $809,993
    All real estate loans $686,104
    Real estate loans in domestic offices $686,104
    Construction and development loans $41,907
    Residential 1-4 family construction $13,297
    Other construction, all land development and other land $28,610
    Loans secured by nonfarm nonresidential properties $198,694
    Nonfarm nonresidential secured by owner-occupied properties $43,168
    Commercial real estate & other non-farm, non-residential $155,526
    Multifamily residential real estate $16,610
    1-4 family residential loans $427,386
    Farmland loans $1,507
    Loans held in foreign offices $0
    Farm loans $907
    Commercial and industrial loans $65,416
    To non-U.S. addressees $0
    Loans to individuals $39,971
    Credit card loans $0
    Related Plans $1,680
    Consumer Auto Loans $18,027
    Other loans to individuals $20,264
    All other loans & leases $17,595
    Loans to foreign governments and official institutions $0
    Other loans $64
    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 $800,413,000 of loans outstanding in 2020. $686,104,000 of loans were in real estate loans. $41,907,000 of loans were in development loans. $16,610,000 of loans were in multifamily mortgage loans. $427,386,000 of loans were in 1-4 family mortgage loans. $907,000 of loans were in farm loans. $0 of loans were in credit card loans. $18,027,000 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 415 $67,948 $163,730
    Nonfarm, nonresidential loans - <$100k 133 $5,780 $43,459
    Nonfarm, nonresidential loans - $100-250k 136 $15,338 $112,779
    Nonfarm, nonresidential loans - $250k-1MM 146 $46,830 $320,753
    Commercial & Industrial, US addressed loans - <$1MM 932 $47,528 $50,996
    Commercial & Industrial, US addressed loans - <$100k 749 $18,092 $24,155
    Commercial & Industrial, US addressed loans - $100-250k 125 $12,489 $99,912
    Commercial & Industrial, US addressed loans - $250k-1MM 58 $16,947 $292,190
    Farmland loans - <$1MM 10 $1,507 $150,700
    Farmland loans - <$100k 4 $76 $19,000
    Farmland loans - $100-250k 3 $357 $119,000
    Farmland loans - $250k-1MM 3 $1,074 $358,000
    Agriculture operations loans - <$1MM 12 $906 $75,500
    Agriculture operations loans - <$100k 8 $262 $32,750
    Agriculture operations loans - $100-250k 2 $131 $65,500
    Agriculture operations loans - $250k-1MM 2 $513 $256,500