Farmers & Stockmens Bank Mortgage Rates, Fees & Info
Clayton, NMLEI: 549300BMHSUCH6UGU556
Tax ID: 85-0036360
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Review & Overview
Farmers & Stockmens Bank is a smaller bank specializing in Home Purchase and Refi 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, Cañon City, and Edwards among others. We have data for 17 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
336Origination Dollar Volume (All Markets)
$107,840,000Employee count
70Top 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) | 283 | $91,185,000 | $322,208 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 15 | $5,135,000 | $342,333 | $0 | 0.00% |
| Outside of Metro Areas | 11 | $2,875,000 | $261,364 | $0 | 0.00% |
| PUEBLO, CO (FHA|USDA|VA) | 8 | $2,430,000 | $303,750 | $0 | 0.00% |
| Cañon City, CO (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $0 | 0.00% |
| Edwards, CO (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $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.
Similarity Rank: 256
Similarity Rank: 372
Similarity Rank: 480
Similarity Rank: 735
Similarity Rank: 1053
Similarity Rank: 1188
Similarity Rank: 1404
Similarity Rank: 1539
Similarity Rank: 1560
Similarity Rank: 2136
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| VA | 172 | $62,760,000 | $364,884 | $0 | 0.00% |
| Conventional | 146 | $40,170,000 | $275,137 | $0 | 0.00% |
| FHA | 18 | $4,910,000 | $272,778 | $0 | 0.00% |
For 2019, Farmers & Stockmens Bank's most frequently originated type of loan was VA, with 172 originations. Their 2nd most popular type was Conventional, with 146 originations.
Loan Reason
For 2019, Farmers & Stockmens Bank's most frequently cited loan purpose was Home Purchase, with 216 originations. The 2nd most popular reason was Refi, with 70 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 336 | $107,840,000 | $320,952 | $0 | 0.00% |
For 2019, Farmers & Stockmens Bank's most frequently cited loan duration was Other, with 336 originations.
Loan Sizing
2019 saw Farmers & Stockmens Bank place emphasis on $200k-400k loans with 229 originations, totaling $68,005,000 in origination value.
Applicant Income
Farmers & Stockmens Bank lent most frequently to those with incomes in the $75k-100k range, with 80 originations. The second most popular income band? $100k-150k, with 70 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 336 | $107,840,000 | $320,952 | $0 | 0.00% |
Farmers & Stockmens Bank lent most frequently to those with DTI ratios of Exempt%, with 336 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.29%
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 origination76.19%
Farmers & Stockmens Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 336 | $107,840,000 | $320,952 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 6 | $1,500,000 | $250,000 |
| Single Family (1-4 Units):Site-Built | 330 | $106,340,000 | $322,242 |
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 | $96,347 |
| Farmers & Stockmens Bank | 22 Maple Street Clayton, NM 88415 | Full Service B&M | $56,813 |
| Farmers & Stockmens Bank | 405 Chicosa Street Roy, NM 87743 | Full Service B&M | $11,234 |
| Farmers & Stockmens Bank | Highway 87 Des Moines, NM 88418 | Full Service B&M | $4,897 |
For 2019, Farmers & Stockmens Bank had 4 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $11,635 |
| Net interest income | $9,838 |
| Total noninterest income | $6,283 |
| Gross Fiduciary activities income | $1,926 |
| Service charges on deposit accounts | $269 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $4,088 |
| Pre-tax net operating income | $4,406 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $4,406 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $4,406 |
| Minority interest net income | $0 |
| Net income | $4,406 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $4,406 |
Farmers & Stockmens Bank's gross interest income from loans was $11,635,000.
Farmers & Stockmens Bank's net interest income from loans was $9,838,000.
Farmers & Stockmens Bank's fee based income from loans was $269,000.
Farmers & Stockmens Bank's net income from loans was $4,406,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,797 |
| Provision for credit losses | $97 |
| Total noninterest expense | $11,618 |
| Salaries and employee benefits | $7,564 |
| Premises and equipment expense | $970 |
| Additional noninterest expense | $3,084 |
| Applicable income taxes | $0 |
| Net charge-offs | $95 |
| Cash dividends | $2,241 |
Farmers & Stockmens Bank's interest expense for loans was $1,797,000.
Farmers & Stockmens Bank's payroll and benefits expense were $7,564,000.
Farmers & Stockmens Bank's property, plant and equipment expenses $970,000.
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 | 2.0% |
| 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 | $186,184 |
| Deposits held in domestic offices | $186,184 |
| Deposits by Individuals, partnerships, and corporations | $160,782 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $24,361 |
| Deposits by Commercial banks and other depository institutions in U.S. | $1,041 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $105,222 |
| Demand deposits | $68,817 |
| Nontransaction accounts | $80,962 |
| Money market deposit accounts (MMDAs) | $45,731 |
| Other savings deposits (excluding MMDAs) | $8,696 |
| Total time deposits | $26,534 |
| Total time and savings deposits | $117,367 |
| Noninterest-bearing deposits | $68,327 |
| Interest-bearing deposits | $117,857 |
| Retail deposits | $178,816 |
| IRAs and Keogh plan accounts | $3,212 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $223,079 |
| Cash & Balances due from depository institutions | $20,271 |
| Interest-bearing balances | $12,871 |
| Total securities | $3,402 |
| Federal funds sold & reverse repurchase | $18,889 |
| Net loans and leases | $171,661 |
| Loan and leases loss allowance | $2,326 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,396 |
| Other real estate owned | $148 |
| Goodwill and other intangibles | $3,384 |
| All other assets | $2,928 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $223,079 |
| Total Liabilities | $194,084 |
| Total deposits | $186,184 |
| Interest-bearing deposits | $117,857 |
| Deposits held in domestic offices | $186,184 |
| % insured (estimated) | $65 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $6,857 |
| Subordinated debt | $0 |
| All other liabilities | $1,043 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $171,661 |
| Loan and leases loss allowance | $2,326 |
| Total loans and leases (domestic) | $173,987 |
| All real estate loans | $142,741 |
| Real estate loans in domestic offices | $142,741 |
| Construction and development loans | $27,097 |
| Residential 1-4 family construction | $11,347 |
| Other construction, all land development and other land | $15,750 |
| Loans secured by nonfarm nonresidential properties | $77,407 |
| Nonfarm nonresidential secured by owner-occupied properties | $51,525 |
| Commercial real estate & other non-farm, non-residential | $25,882 |
| Multifamily residential real estate | $4,727 |
| 1-4 family residential loans | $10,299 |
| Farmland loans | $23,211 |
| Loans held in foreign offices | $0 |
| Farm loans | $16,844 |
| Commercial and industrial loans | $12,316 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,019 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $1,256 |
| Other loans to individuals | $763 |
| All other loans & leases | $67 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $24 |
| 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 | $104 |
| Non 1-4 family restructured loans & leases | $104 |
| Total loans and leases (foreign) | $0 |
Farmers & Stockmens Bank had $171,661,000 of loans outstanding in 2019. $142,741,000 of loans were in real estate loans. $27,097,000 of loans were in development loans. $4,727,000 of loans were in multifamily mortgage loans. $10,299,000 of loans were in 1-4 family mortgage loans. $16,844,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,256,000 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 | 89 | $20,769 | $233,360 |
| Nonfarm, nonresidential loans - <$100k | 10 | $358 | $35,800 |
| Nonfarm, nonresidential loans - $100-250k | 17 | $1,418 | $83,412 |
| Nonfarm, nonresidential loans - $250k-1MM | 62 | $18,993 | $306,339 |
| Commercial & Industrial, US addressed loans - <$1MM | 97 | $8,056 | $83,052 |
| Commercial & Industrial, US addressed loans - <$100k | 49 | $913 | $18,633 |
| Commercial & Industrial, US addressed loans - $100-250k | 30 | $2,812 | $93,733 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 18 | $4,331 | $240,611 |
| Farmland loans - <$1MM | 44 | $7,004 | $159,182 |
| Farmland loans - <$100k | 11 | $559 | $50,818 |
| Farmland loans - $100-250k | 20 | $2,995 | $149,750 |
| Farmland loans - $250k-1MM | 13 | $3,450 | $265,385 |
| Agriculture operations loans - <$1MM | 158 | $9,004 | $56,987 |
| Agriculture operations loans - <$100k | 104 | $2,184 | $21,000 |
| Agriculture operations loans - $100-250k | 35 | $3,342 | $95,486 |
| Agriculture operations loans - $250k-1MM | 19 | $3,478 | $183,053 |