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

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 Youngstown 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

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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

456

Origination Dollar Volume (All Markets)

$118,020,000

Employee count

148

Awards

The Farmers National Bank of Emlenton 30 Year Conventional Loans bronze

Show all (1) 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)	186	$84,410,000	$453,817	$4,840	3.34%
Outside of Metro Areas	122	$15,190,000	$124,508	$2,082	3.19%
St. Marys, PA (FHA\|USDA\|VA)	43	$5,735,000	$133,372	$2,400	3.14%
DuBois, PA (FHA\|USDA\|VA)	25	$3,705,000	$148,200	$2,301	3.30%
Oil City, PA (FHA\|USDA\|VA)	40	$3,530,000	$88,250	$1,271	3.29%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA\|USDA\|VA)	8	$1,210,000	$151,250	$3,028	3.27%
Indiana, PA (FHA\|USDA\|VA)	8	$1,000,000	$125,000	$2,777	3.20%
Meadville, PA (FHA\|USDA\|VA)	11	$885,000	$80,455	$1,006	3.69%
Key West, FL (FHA\|USDA\|VA)	1	$785,000	$785,000	$4,419	3.50%
COLUMBUS, OH (FHA\|USDA\|VA)	1	$545,000	$545,000	$2,849	2.75%
HARRISBURG-CARLISLE, PA (FHA\|USDA\|VA)	1	$305,000	$305,000	$3,361	3.00%
Bradford, PA (FHA\|USDA\|VA)	2	$270,000	$135,000	$3,034	2.38%
New Castle, PA (FHA\|USDA\|VA)	3	$195,000	$65,000	$1,441	3.33%
STATE COLLEGE, PA (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	3.74%
EAST STROUDSBURG, PA (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	4.25%
WEIRTON-STEUBENVILLE, WV-OH (FHA\|USDA\|VA)	1	$35,000	$35,000	$932	3.49%
ALTOONA, PA (FHA\|USDA\|VA)	1	$35,000	$35,000	$672	2.99%
ERIE, PA (FHA\|USDA\|VA)	1	$25,000	$25,000	$326	3.24%

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)

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.

TRI BORO
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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	449	$117,515,000	$261,726	$3,033	3.28%
USDA	7	$505,000	$72,143	$3,237	3.14%

For 2021, The Farmers National Bank Of Emlenton's most frequently originated type of loan was Conventional, with 449 originations. Their 2nd most popular type was USDA, with 7 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	194	$53,980,000	$278,247	$1,856	3.22%
Home Purchase	158	$48,590,000	$307,532	$5,769	3.37%
Cash Out Refi	39	$10,105,000	$259,103	$3,250	3.06%
Other	34	$2,770,000	$81,471	$613	3.35%
Home Improvement	31	$2,575,000	$83,065	$573	3.38%

For 2021, The Farmers National Bank Of Emlenton's most frequently cited loan purpose was Refi, with 194 originations. The 2nd most popular reason was Home Purchase, with 158 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	106	$23,060,000	$217,547	$3,398	3.11%
15 Year	103	$14,065,000	$136,553	$2,042	2.96%
20 Year	97	$15,045,000	$155,103	$1,171	3.79%
30+ year	53	$26,945,000	$508,396	$8,958	3.21%
10 Year	52	$26,250,000	$504,808	$869	3.25%
Other	27	$12,105,000	$448,333	$4,358	3.47%
5 Year	18	$550,000	$30,556	$365	3.34%

For 2021, The Farmers National Bank Of Emlenton's most frequently cited loan duration was 30 Year, with 106 originations. The 2nd most popular length was 15 Year, with 103 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	345	$50,305,000	$145,812
$1k-2k	19	$4,145,000	$218,158
$5k+	19	$16,755,000	$881,842
$2k-3k	10	$3,970,000	$397,000
$3k-4k	9	$3,995,000	$443,889
$4k-5k	2	$1,470,000	$735,000

The Farmers National Bank Of Emlenton's average total fees were $3,398, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 345 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	224	$65,580,000	$292,768
2.5-3%	120	$26,990,000	$224,917
<2.5%	62	$10,100,000	$162,903
4-5%	48	$15,320,000	$319,167
5-6%	1	$25,000	$25,000
7-8%	1	$5,000	$5,000

During 2021, The Farmers National Bank Of Emlenton's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was 3-4%, with 224 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	179	$10,695,000	$59,749	$1,213	3.45%
$100k-200k	118	$16,530,000	$140,085	$2,233	3.09%
$200k-400k	102	$27,510,000	$269,706	$3,967	3.14%
$600k-1MM	27	$20,755,000	$768,704	$11,056	3.44%
$400k-600k	19	$8,955,000	$471,316	$6,681	3.14%
$1MM+	11	$33,575,000	$3,052,273	$16,086	3.53%

2021 saw The Farmers National Bank Of Emlenton place emphasis on $100,000 or less loans with 179 originations, totaling $10,695,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	89	$10,205,000	$114,663	$2,128	3.28%
$75k-100k	85	$11,095,000	$130,529	$2,089	3.20%
$100k-150k	75	$14,665,000	$195,533	$3,222	3.01%
$150k-250k	63	$16,635,000	$264,048	$3,820	3.00%
$50k or less	59	$4,115,000	$69,746	$1,406	3.54%
$250k+	41	$28,025,000	$683,537	$8,550	3.19%

The Farmers National Bank Of Emlenton lent most frequently to those with incomes in the $50k-75k range, with 89 originations. The second most popular income band? $75k-100k, with 85 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	135	$24,015,000	$177,889	$2,623	3.09%
<20%	84	$18,230,000	$217,024	$3,018	3.23%
30-36%	79	$15,605,000	$197,532	$2,913	3.27%
36%	21	$4,115,000	$195,952	$3,371	3.39%
42%	15	$5,325,000	$355,000	$5,952	3.23%
38%	15	$3,385,000	$225,667	$1,439	3.44%
37%	14	$3,550,000	$253,571	$3,584	3.41%
39%	14	$3,100,000	$221,429	$2,909	3.16%
40%	12	$1,960,000	$163,333	$3,818	3.06%
41%	7	$1,445,000	$206,429	$4,128	3.03%
47%	5	$1,475,000	$295,000	$4,070	2.95%
50-60%	4	$830,000	$207,500	$3,228	3.65%
48%	3	$335,000	$111,667	$2,456	2.98%
43%	3	$645,000	$215,000	$4,363	3.13%
45%	2	$430,000	$215,000	$6,821	3.25%
46%	2	$650,000	$325,000	$6,161	3.13%
44%	2	$170,000	$85,000	$2,351	2.75%
49%	2	$260,000	$130,000	$2,774	2.94%

The Farmers National Bank Of Emlenton lent most frequently to those with DTI ratios of 20-30%, with 135 originations. The next most common DTI ratio? <20%, with 84 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	399	$81,605,000	$204,524	$3,078	3.20%
Not applicable	33	$32,275,000	$978,030	$0	4.24%
Not provided	16	$2,140,000	$133,750	$1,916	3.14%
Asian	2	$1,000,000	$500,000	$7,729	3.19%
Black	5	$755,000	$151,000	$2,170	3.23%
Asian Indian	1	$245,000	$245,000	$0	3.74%

Approval Rates

Total approvals of all applications
85.96%

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

Pick Rate

Approvals leading to origination
83.33%

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

Points and Fees

Points	Originations	Total Value	Average Loan
NA	456	$118,020,000	$258,816

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	456	$118,020,000	$258,816

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	45	$4,105,000	$91,222	$1,502	3.19%
40-60%	76	$9,610,000	$126,447	$1,982	3.17%
60-80%	180	$44,440,000	$246,889	$3,615	3.25%
80-100%	118	$27,430,000	$232,458	$3,959	3.24%
Over 100%	19	$31,575,000	$1,661,842	$3,250	4.06%
Under 20%	18	$860,000	$47,778	$228	3.65%

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	$27,357
The Farmers National Bank of Emlenton	101 Sykes Street Sykesville, PA 15865	Full Service B&M	$20,672
The Farmers National Bank of Emlenton	102 Indiana Street Punxsutawney, PA 15767	Full Service B&M	$20,213
The Farmers National Bank of Emlenton	1101 North Main Street Butler, PA 16001	Full Service B&M	$116,233
The Farmers National Bank of Emlenton	127 West Spring Street Titusville, PA 16354	Full Service B&M	$110,537
The Farmers National Bank of Emlenton	1319 West Main Street Grove City, PA 16127	Full Service B&M	$77,776
The Farmers National Bank of Emlenton	173 Main Street Ridgway, PA 15853	Full Service B&M	$25,688
The Farmers National Bank of Emlenton	1812 East Carson Street Pittsburgh, PA 15203	Full Service B&M	$28,747
The Farmers National Bank of Emlenton	20581 Route 19 Cranberry Township, PA 16066	Full Service B&M	$51,643
The Farmers National Bank of Emlenton	263 Main Street Brookville, PA 15825	Full Service B&M	$41,586
The Farmers National Bank of Emlenton	319 Freeport Road Aspinwall, PA 15215	Full Service B&M	$22,491
The Farmers National Bank of Emlenton	433 Kellys Way East Brady, PA 16028	Full Service B&M	$27,580
The Farmers National Bank of Emlenton	444 Main Street Reynoldsville, PA 15851	Full Service B&M	$38,391
The Farmers National Bank of Emlenton	612 Main Street Emlenton, PA 16373	Full Service B&M	$68,164
The Farmers National Bank of Emlenton	7001 Route 322 Cranberry, PA 16319	Full Service B&M	$37,867
The Farmers National Bank of Emlenton	861 Beaver Drive Du Bois, PA 15801	Full Service B&M	$63,919
The Farmers National Bank of Emlenton	Highways 38 And 58 Eau Claire, PA 16030	Full Service B&M	$27,862
The Farmers National Bank of Emlenton	Route 338 South Knox, PA 16232	Full Service Retail	$49,358
The Farmers National Bank of Emlenton	Sixth And Wood Streets Clarion, PA 16214	Full Service B&M	$103,293

For 2021, The Farmers National Bank Of Emlenton had 19 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$36,581
Net interest income	$31,545
Total noninterest income	$4,359
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,396
Trading account gains and fees	$0
Additional Noninterest Income	$2,963
Pre-tax net operating income	$12,972
Securities gains (or losses, -)	$236
Income before extraordinary items	$10,822
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$10,822
Minority interest net income	$0
Net income	$10,822
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$10,628

The Farmers National Bank Of Emlenton's gross interest income from loans was $36,581,000.
The Farmers National Bank Of Emlenton's net interest income from loans was $31,545,000.
The Farmers National Bank Of Emlenton's fee based income from loans was $1,396,000.
The Farmers National Bank Of Emlenton's net income from loans was $10,822,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$5,036
Provision for credit losses	$1,066
Total noninterest expense	$21,866
Salaries and employee benefits	$10,418
Premises and equipment expense	$3,168
Additional noninterest expense	$8,280
Applicable income taxes	$2,386
Net charge-offs	$253
Cash dividends	$3,612

The Farmers National Bank Of Emlenton's interest expense for loans was $5,036,000.
The Farmers National Bank Of Emlenton's payroll and benefits expense were $10,418,000.
The Farmers National Bank Of Emlenton's property, plant and equipment expenses $3,168,000.

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	$918,568
Deposits held in domestic offices	$918,568
Deposits by Individuals, partnerships, and corporations	$711,332
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$207,218
Deposits by Commercial banks and other depository institutions in U.S.	$19
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$95,604
Demand deposits	$95,604
Nontransaction accounts	$822,965
Money market deposit accounts (MMDAs)	$297,055
Other savings deposits (excluding MMDAs)	$375,253
Total time deposits	$150,656
Total time and savings deposits	$822,965
Noninterest-bearing deposits	$222,065
Interest-bearing deposits	$696,503
Retail deposits	$876,362
IRAs and Keogh plan accounts	$26,032
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,054,178
Cash & Balances due from depository institutions	$11,564
Interest-bearing balances	$3,787
Total securities	$186,275
Federal funds sold & reverse repurchase	$0
Net loans and leases	$780,479
Loan and leases loss allowance	$10,393
Trading account assets	$0
Bank premises and fixed assets	$17,963
Other real estate owned	$0
Goodwill and other intangibles	$15,382
All other assets	$42,515

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,054,178
Total Liabilities	$960,529
Total deposits	$918,568
Interest-bearing deposits	$696,503
Deposits held in domestic offices	$918,568
% insured (estimated)	$72
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$20,000
Subordinated debt	$0
All other liabilities	$21,961

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$780,479
Loan and leases loss allowance	$10,393
Total loans and leases (domestic)	$790,872
All real estate loans	$685,543
Real estate loans in domestic offices	$685,543
Construction and development loans	$56,360
Residential 1-4 family construction	$14,480
Other construction, all land development and other land	$41,880
Loans secured by nonfarm nonresidential properties	$207,863
Nonfarm nonresidential secured by owner-occupied properties	$40,319
Commercial real estate & other non-farm, non-residential	$167,544
Multifamily residential real estate	$29,312
1-4 family residential loans	$391,060
Farmland loans	$948
Loans held in foreign offices	$0
Farm loans	$777
Commercial and industrial loans	$35,294
To non-U.S. addressees	$0
Loans to individuals	$48,494
Credit card loans	$0
Related Plans	$1,269
Consumer Auto Loans	$34,246
Other loans to individuals	$12,979
All other loans & leases	$20,764
Loans to foreign governments and official institutions	$0
Other loans	$8,439
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 $780,479,000 of loans outstanding in 2021. $685,543,000 of loans were in real estate loans. $56,360,000 of loans were in development loans. $29,312,000 of loans were in multifamily mortgage loans. $391,060,000 of loans were in 1-4 family mortgage loans. $777,000 of loans were in farm loans. $0 of loans were in credit card loans. $34,246,000 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	357	$63,234	$177,126
Nonfarm, nonresidential loans - <$100k	115	$4,977	$43,278
Nonfarm, nonresidential loans - $100-250k	108	$12,204	$113,000
Nonfarm, nonresidential loans - $250k-1MM	134	$46,053	$343,679
Commercial & Industrial, US addressed loans - <$1MM	372	$23,137	$62,196
Commercial & Industrial, US addressed loans - <$100k	259	$6,674	$25,768
Commercial & Industrial, US addressed loans - $100-250k	72	$5,553	$77,125
Commercial & Industrial, US addressed loans - $250k-1MM	41	$10,910	$266,098
Farmland loans - <$1MM	9	$948	$105,333
Farmland loans - <$100k	4	$53	$13,250
Farmland loans - $100-250k	3	$324	$108,000
Farmland loans - $250k-1MM	2	$571	$285,500
Agriculture operations loans - <$1MM	7	$777	$111,000
Agriculture operations loans - <$100k	3	$60	$20,000
Agriculture operations loans - $100-250k	2	$115	$57,500
Agriculture operations loans - $250k-1MM	2	$602	$301,000