Farmers & Stockmens Bank Mortgage Rates, Fees & Info
Clayton, NMLEI: 549300BMHSUCH6UGU556
Tax ID: 85-0036360
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Mortgage Data
Bank Data
Review & Overview
Farmers & Stockmens Bank is a smaller bank specializing in Home Purchase loans. Farmers & Stockmens Bank has a high proportion of conventional 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: Colorado Springs, Denver, Pueblo, Amarillo, and Breckenridge among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Farmers & Stockmens Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.54% | 11/17/24 |
| 30 Year Conventional Refi | 6.69% | 11/17/24 |
| 30 Year Cash-out Refi | 6.54% | 11/17/24 |
| 30 Year FHA Purchase | 6.92% | 11/17/24 |
| 30 Year VA Purchase | 6.02% | 11/17/24 |
| 15 Year Conventional Purchase | 9.84% | 11/17/24 |
| 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 & Stockmens Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
239Origination Dollar Volume (All Markets)
$75,315,000Employee count
57Top 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 |
|---|---|---|---|---|---|
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 221 | $70,915,000 | $320,882 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $2,370,000 | $395,000 | $0 | 0.00% |
| PUEBLO, CO (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $0 | 0.00% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $190,000 | $47,500 | $0 | 0.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Farmers & Stockmens Bank 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 138 | $41,120,000 | $297,971 | $0 | 0.00% |
| VA | 90 | $31,790,000 | $353,222 | $0 | 0.00% |
| FHA | 11 | $2,405,000 | $218,636 | $0 | 0.00% |
For 2018, Farmers & Stockmens Bank's most frequently originated type of loan was Conventional, with 138 originations. Their 2nd most popular type was VA, with 90 originations.
Loan Reason
For 2018, Farmers & Stockmens Bank's most frequently cited loan purpose was Home Purchase, with 209 originations. The 2nd most popular reason was Cash Out Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 239 | $75,315,000 | $315,126 | $0 | 0.00% |
For 2018, Farmers & Stockmens Bank's most frequently cited loan duration was Other, with 239 originations.
Loan Sizing
2018 saw Farmers & Stockmens Bank place emphasis on $200k-400k loans with 145 originations, totaling $42,305,000 in origination value.
Applicant Income
Farmers & Stockmens Bank lent most frequently to those with incomes in the $50k-75k range, with 56 originations. The second most popular income band? $100k-150k, with 49 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 239 | $75,315,000 | $315,126 | $0 | 0.00% |
Farmers & Stockmens Bank lent most frequently to those with DTI ratios of Exempt%, with 239 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.93%
Farmers & Stockmens Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination83.68%
Farmers & Stockmens Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 239 | $75,315,000 | $315,126 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Farmers & Stockmens Bank | 1 South Nevada Avenue Colorado Springs, CO 80903 | Full Service B&M | $92,862 |
| Farmers & Stockmens Bank | 22 Maple Street Clayton, NM 88415 | Full Service B&M | $58,839 |
| Farmers & Stockmens Bank | 405 Chicosa Street Roy, NM 87743 | Full Service B&M | $7,786 |
| Farmers & Stockmens Bank | Highway 87 Des Moines, NM 88418 | Full Service B&M | $8,140 |
For 2018, Farmers & Stockmens Bank had 4 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $10,954 |
| Net interest income | $9,399 |
| Total noninterest income | $5,126 |
| Gross Fiduciary activities income | $1,873 |
| Service charges on deposit accounts | $279 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,974 |
| Pre-tax net operating income | $4,360 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $4,360 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $4,360 |
| Minority interest net income | $0 |
| Net income | $4,360 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $4,360 |
Farmers & Stockmens Bank's gross interest income from loans was $10,954,000.
Farmers & Stockmens Bank's net interest income from loans was $9,399,000.
Farmers & Stockmens Bank's fee based income from loans was $279,000.
Farmers & Stockmens Bank's net income from loans was $4,360,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,555 |
| Provision for credit losses | $130 |
| Total noninterest expense | $10,035 |
| Salaries and employee benefits | $6,216 |
| Premises and equipment expense | $991 |
| Additional noninterest expense | $2,828 |
| Applicable income taxes | $0 |
| Net charge-offs | $25 |
| Cash dividends | $2,338 |
Farmers & Stockmens Bank's interest expense for loans was $1,555,000.
Farmers & Stockmens Bank's payroll and benefits expense were $6,216,000.
Farmers & Stockmens Bank's property, plant and equipment expenses $991,000.
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 | $187,643 |
| Deposits held in domestic offices | $187,643 |
| Deposits by Individuals, partnerships, and corporations | $156,975 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $27,089 |
| Deposits by Commercial banks and other depository institutions in U.S. | $3,579 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $82,771 |
| Demand deposits | $58,374 |
| Nontransaction accounts | $104,872 |
| Money market deposit accounts (MMDAs) | $59,199 |
| Other savings deposits (excluding MMDAs) | $9,377 |
| Total time deposits | $36,296 |
| Total time and savings deposits | $129,269 |
| Noninterest-bearing deposits | $58,374 |
| Interest-bearing deposits | $129,269 |
| Retail deposits | $173,343 |
| IRAs and Keogh plan accounts | $3,502 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $224,410 |
| Cash & Balances due from depository institutions | $31,230 |
| Interest-bearing balances | $25,904 |
| Total securities | $3,950 |
| Federal funds sold & reverse repurchase | $27,023 |
| Net loans and leases | $153,321 |
| Loan and leases loss allowance | $2,376 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,420 |
| Other real estate owned | $188 |
| Goodwill and other intangibles | $3,479 |
| All other assets | $2,799 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $224,410 |
| Total Liabilities | $197,696 |
| Total deposits | $187,643 |
| Interest-bearing deposits | $129,269 |
| Deposits held in domestic offices | $187,643 |
| % insured (estimated) | $58 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $9,043 |
| Subordinated debt | $0 |
| All other liabilities | $1,010 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $153,321 |
| Loan and leases loss allowance | $2,376 |
| Total loans and leases (domestic) | $155,697 |
| All real estate loans | $124,927 |
| Real estate loans in domestic offices | $124,927 |
| Construction and development loans | $16,527 |
| Residential 1-4 family construction | $8,546 |
| Other construction, all land development and other land | $7,981 |
| Loans secured by nonfarm nonresidential properties | $66,571 |
| Nonfarm nonresidential secured by owner-occupied properties | $38,994 |
| Commercial real estate & other non-farm, non-residential | $27,577 |
| Multifamily residential real estate | $9,110 |
| 1-4 family residential loans | $8,927 |
| Farmland loans | $23,792 |
| Loans held in foreign offices | $0 |
| Farm loans | $14,529 |
| Commercial and industrial loans | $14,402 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $1,766 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $955 |
| Other loans to individuals | $811 |
| All other loans & leases | $73 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $28 |
| 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 | $27 |
| Non 1-4 family restructured loans & leases | $27 |
| Total loans and leases (foreign) | $0 |
Farmers & Stockmens Bank had $153,321,000 of loans outstanding in 2018. $124,927,000 of loans were in real estate loans. $16,527,000 of loans were in development loans. $9,110,000 of loans were in multifamily mortgage loans. $8,927,000 of loans were in 1-4 family mortgage loans. $14,529,000 of loans were in farm loans. $0 of loans were in credit card loans. $955,000 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 | 81 | $19,387 | $239,346 |
| Nonfarm, nonresidential loans - <$100k | 7 | $281 | $40,143 |
| Nonfarm, nonresidential loans - $100-250k | 12 | $919 | $76,583 |
| Nonfarm, nonresidential loans - $250k-1MM | 62 | $18,187 | $293,339 |
| Commercial & Industrial, US addressed loans - <$1MM | 111 | $12,361 | $111,360 |
| Commercial & Industrial, US addressed loans - <$100k | 49 | $1,247 | $25,449 |
| Commercial & Industrial, US addressed loans - $100-250k | 33 | $3,039 | $92,091 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 29 | $8,075 | $278,448 |
| Farmland loans - <$1MM | 45 | $6,370 | $141,556 |
| Farmland loans - <$100k | 14 | $526 | $37,571 |
| Farmland loans - $100-250k | 18 | $2,487 | $138,167 |
| Farmland loans - $250k-1MM | 13 | $3,357 | $258,231 |
| Agriculture operations loans - <$1MM | 131 | $7,750 | $59,160 |
| Agriculture operations loans - <$100k | 90 | $2,232 | $24,800 |
| Agriculture operations loans - $100-250k | 25 | $2,420 | $96,800 |
| Agriculture operations loans - $250k-1MM | 16 | $3,098 | $193,625 |