Farmers & Stockmens Bank Mortgage Rates, Fees & Info
Clayton, NMLEI: 549300BMHSUCH6UGU556
Tax ID: 85-0036360
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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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Colorado Springs, Denver, Pueblo, Glenwood Springs, and Phoenix among others. We have data for 37 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% | 11/22/24 |
| 30 Year Conventional Refi | 6.69% | 11/22/24 |
| 30 Year Cash-out Refi | 6.54% | 11/22/24 |
| 30 Year FHA Purchase | 6.92% | 11/22/24 |
| 30 Year VA Purchase | 6.02% | 11/22/24 |
| 15 Year Conventional Purchase | 9.84% | 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. | ||
Farmers & Stockmens Bank Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
825Origination Dollar Volume (All Markets)
$278,165,000Employee count
84Top 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) | 627 | $210,815,000 | $336,228 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 91 | $34,525,000 | $379,396 | $0 | 0.00% |
| Outside of Metro Areas | 21 | $5,735,000 | $273,095 | $0 | 0.00% |
| PUEBLO, CO (FHA|USDA|VA) | 17 | $4,095,000 | $240,882 | $0 | 0.00% |
| Glenwood Springs, CO (FHA|USDA|VA) | 8 | $3,340,000 | $417,500 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 6 | $1,910,000 | $318,333 | $0 | 0.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 5 | $1,705,000 | $341,000 | $0 | 0.00% |
| Breckenridge, CO (FHA|USDA|VA) | 4 | $1,610,000 | $402,500 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $1,565,000 | $521,667 | $0 | 0.00% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 4 | $1,420,000 | $355,000 | $0 | 0.00% |
| Edwards, CO (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $0 | 0.00% |
| GREELEY, CO (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $0 | 0.00% |
| BOULDER, CO (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 0.00% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 0.00% |
| Las Vegas, NM (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $355,000 | $355,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Minot, ND (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| FAIRBANKS, AK (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| CHEYENNE, WY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Enterprise, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| SIERRA VISTA-DOUGLAS, AZ (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
For 2020, Farmers & Stockmens Bank's most frequently originated type of loan was Conventional, with 441 originations. Their 2nd most popular type was VA, with 357 originations.
Loan Reason
For 2020, Farmers & Stockmens Bank's most frequently cited loan purpose was Home Purchase, with 357 originations. The 2nd most popular reason was Refi, with 346 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 825 | $278,165,000 | $337,170 | $0 | 0.00% |
For 2020, Farmers & Stockmens Bank's most frequently cited loan duration was Other, with 825 originations.
Loan Sizing
2020 saw Farmers & Stockmens Bank place emphasis on $200k-400k loans with 552 originations, totaling $168,680,000 in origination value.
Applicant Income
Farmers & Stockmens Bank lent most frequently to those with incomes in the $100k-150k range, with 165 originations. The second most popular income band? $50k-75k, with 152 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 825 | $278,165,000 | $337,170 | $0 | 0.00% |
Farmers & Stockmens Bank lent most frequently to those with DTI ratios of Exempt%, with 825 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.77%
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 origination84.61%
Farmers & Stockmens Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 825 | $278,165,000 | $337,170 |
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 | $144,921 |
| Farmers & Stockmens Bank | 22 Maple Street Clayton, NM 88415 | Full Service B&M | $57,661 |
| Farmers & Stockmens Bank | 405 Chicosa Street Roy, NM 87743 | Full Service B&M | $11,679 |
| Farmers & Stockmens Bank | 4582 South Ulster Street, Suite 150 Denver, CO 80237 | Full Service B&M | $34,645 |
| Farmers & Stockmens Bank | Highway 87 Des Moines, NM 88418 | Full Service B&M | $5,438 |
For 2020, Farmers & Stockmens Bank had 5 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $15,933 |
| Net interest income | $14,577 |
| Total noninterest income | $11,165 |
| Gross Fiduciary activities income | $1,951 |
| Service charges on deposit accounts | $238 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $8,976 |
| Pre-tax net operating income | $6,764 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $6,764 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $6,764 |
| Minority interest net income | $0 |
| Net income | $6,764 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $6,764 |
Farmers & Stockmens Bank's gross interest income from loans was $15,933,000.
Farmers & Stockmens Bank's net interest income from loans was $14,577,000.
Farmers & Stockmens Bank's fee based income from loans was $238,000.
Farmers & Stockmens Bank's net income from loans was $6,764,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,356 |
| Provision for credit losses | $1,092 |
| Total noninterest expense | $17,886 |
| Salaries and employee benefits | $12,777 |
| Premises and equipment expense | $1,162 |
| Additional noninterest expense | $3,947 |
| Applicable income taxes | $0 |
| Net charge-offs | $-17 |
| Cash dividends | $2,586 |
Farmers & Stockmens Bank's interest expense for loans was $1,356,000.
Farmers & Stockmens Bank's payroll and benefits expense were $12,777,000.
Farmers & Stockmens Bank's property, plant and equipment expenses $1,162,000.
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 | $310,532 |
| Deposits held in domestic offices | $310,532 |
| Deposits by Individuals, partnerships, and corporations | $288,684 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $21,848 |
| Deposits by Commercial banks and other depository institutions in U.S. | $0 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $184,917 |
| Demand deposits | $151,573 |
| Nontransaction accounts | $125,615 |
| Money market deposit accounts (MMDAs) | $93,955 |
| Other savings deposits (excluding MMDAs) | $11,229 |
| Total time deposits | $20,429 |
| Total time and savings deposits | $158,959 |
| Noninterest-bearing deposits | $151,574 |
| Interest-bearing deposits | $158,958 |
| Retail deposits | $307,689 |
| IRAs and Keogh plan accounts | $3,390 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $460,442 |
| Cash & Balances due from depository institutions | $17,814 |
| Interest-bearing balances | $12,070 |
| Total securities | $3,032 |
| Federal funds sold & reverse repurchase | $90,331 |
| Net loans and leases | $338,878 |
| Loan and leases loss allowance | $3,434 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,600 |
| Other real estate owned | $60 |
| Goodwill and other intangibles | $3,372 |
| All other assets | $4,355 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $460,442 |
| Total Liabilities | $421,719 |
| Total deposits | $310,532 |
| Interest-bearing deposits | $158,958 |
| Deposits held in domestic offices | $310,532 |
| % insured (estimated) | $51 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $108,145 |
| Subordinated debt | $0 |
| All other liabilities | $3,042 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $338,878 |
| Loan and leases loss allowance | $3,434 |
| Total loans and leases (domestic) | $342,312 |
| All real estate loans | $176,340 |
| Real estate loans in domestic offices | $176,340 |
| Construction and development loans | $32,601 |
| Residential 1-4 family construction | $12,137 |
| Other construction, all land development and other land | $20,464 |
| Loans secured by nonfarm nonresidential properties | $92,333 |
| Nonfarm nonresidential secured by owner-occupied properties | $47,517 |
| Commercial real estate & other non-farm, non-residential | $44,816 |
| Multifamily residential real estate | $0 |
| 1-4 family residential loans | $24,286 |
| Farmland loans | $27,120 |
| Loans held in foreign offices | $0 |
| Farm loans | $15,691 |
| Commercial and industrial loans | $148,269 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,007 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $1,199 |
| Other loans to individuals | $808 |
| All other loans & leases | $6 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $6 |
| 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 | $191 |
| Non 1-4 family restructured loans & leases | $191 |
| Total loans and leases (foreign) | $0 |
Farmers & Stockmens Bank had $338,878,000 of loans outstanding in 2020. $176,340,000 of loans were in real estate loans. $32,601,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $24,286,000 of loans were in 1-4 family mortgage loans. $15,691,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,199,000 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 | 93 | $24,107 | $259,215 |
| Nonfarm, nonresidential loans - <$100k | 11 | $423 | $38,455 |
| Nonfarm, nonresidential loans - $100-250k | 15 | $1,270 | $84,667 |
| Nonfarm, nonresidential loans - $250k-1MM | 67 | $22,414 | $334,537 |
| Commercial & Industrial, US addressed loans - <$1MM | 646 | $76,949 | $119,116 |
| Commercial & Industrial, US addressed loans - <$100k | 390 | $14,221 | $36,464 |
| Commercial & Industrial, US addressed loans - $100-250k | 147 | $19,774 | $134,517 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 109 | $42,954 | $394,073 |
| Farmland loans - <$1MM | 44 | $6,951 | $157,977 |
| Farmland loans - <$100k | 11 | $563 | $51,182 |
| Farmland loans - $100-250k | 20 | $2,787 | $139,350 |
| Farmland loans - $250k-1MM | 13 | $3,601 | $277,000 |
| Agriculture operations loans - <$1MM | 147 | $7,189 | $48,905 |
| Agriculture operations loans - <$100k | 97 | $1,802 | $18,577 |
| Agriculture operations loans - $100-250k | 31 | $1,918 | $61,871 |
| Agriculture operations loans - $250k-1MM | 19 | $3,469 | $182,579 |