Farmers & Stockmens Bank Mortgage Rates, Fees & Info

Clayton, NM

LEI: 549300BMHSUCH6UGU556

Tax ID: 85-0036360

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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

    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, Charleston, and Cañon City among others. We have data for 31 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. Farmers & Stockmens Bank 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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    Originations

    545

    Origination Dollar Volume (All Markets)

    $191,585,000

    Employee count

    101 Show all (12) 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
    COLORADO SPRINGS, CO (FHA|USDA|VA) 368 $131,080,000 $356,196 $4,420 2.62%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 104 $40,370,000 $388,173 $2,434 2.78%
    Outside of Metro Areas 20 $3,960,000 $198,000 $2,241 4.60%
    PUEBLO, CO (FHA|USDA|VA) 15 $3,525,000 $235,000 $5,090 2.64%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $1,495,000 $498,333 $3,839 3.25%
    Cañon City, CO (FHA|USDA|VA) 4 $1,150,000 $287,500 $9,332 2.72%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $1,090,000 $545,000 $3,924 3.13%
    GRAND JUNCTION, CO (FHA|USDA|VA) 2 $890,000 $445,000 $2,099 2.69%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $810,000 $405,000 $1,234 2.44%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $655,000 $655,000 $0 2.75%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $645,000 $645,000 $17,288 2.75%
    FORT COLLINS, CO (FHA|USDA|VA) 3 $635,000 $211,667 $1,861 2.83%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $475,000 $475,000 $4,038 2.63%
    AMARILLO, TX (FHA|USDA|VA) 1 $445,000 $445,000 $2,767 3.13%
    COLUMBIA, SC (FHA|USDA|VA) 1 $395,000 $395,000 $1,061 2.50%
    GREELEY, CO (FHA|USDA|VA) 1 $385,000 $385,000 $1,954 3.38%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $355,000 $355,000 $16,840 2.38%
    Outside of Metro Areas 1 $345,000 $345,000 $0 2.25%
    Edwards, CO (FHA|USDA|VA) 1 $335,000 $335,000 $917 2.88%
    ST. GEORGE, UT (FHA|USDA|VA) 1 $305,000 $305,000 $1,126 3.25%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $275,000 $275,000 $1,500 3.13%
    IDAHO FALLS, ID (FHA|USDA|VA) 1 $275,000 $275,000 $3,210 2.25%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $265,000 $265,000 $704 2.50%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $245,000 $245,000 $2,896 2.63%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $235,000 $235,000 $0 3.38%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,100 2.75%
    BOULDER, CO (FHA|USDA|VA) 1 $165,000 $165,000 $3,069 2.25%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $165,000 $165,000 $1,470 2.88%
    Las Vegas, NM (FHA|USDA|VA) 2 $150,000 $75,000 $3,242 4.56%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $135,000 $135,000 $1,954 3.50%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $115,000 $115,000 $0 3.75%
    Farmers & Stockmens Bank's top markets include Colorado Springs, Denver, Pueblo, Charleston, and Cañon City among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)

    • 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.

    The District Federal Credit Union
    Similarity Rank: 882
    AVENTA Credit Union
    Similarity Rank: 930
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1344
    DENVER COMMUNITY
    Similarity Rank: 1540
    Red Rocks Credit Union
    Similarity Rank: 1830
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 1984
    INFINITY MORTGAGE HOLDINGS, LLC
    Similarity Rank: 2170
    Shea Mortgage Inc.
    Similarity Rank: 2432
    FOOTHILLS
    Similarity Rank: 2604
    FIDELIS CATHOLIC
    Similarity Rank: 2700

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 358 $113,330,000 $316,564 $2,346 2.94%
    VA 172 $73,360,000 $426,512 $6,530 2.37%
    FHA 15 $4,895,000 $326,333 $7,293 2.40%

    For 2021, Farmers & Stockmens Bank's most frequently originated type of loan was Conventional, with 358 originations. Their 2nd most popular type was VA, with 172 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 223 $91,395,000 $409,843 $6,112 2.88%
    Refi 212 $64,750,000 $305,425 $1,906 2.59%
    Cash Out Refi 110 $35,440,000 $322,182 $3,261 2.77%

    For 2021, Farmers & Stockmens Bank's most frequently cited loan purpose was Home Purchase, with 223 originations. The 2nd most popular reason was Refi, with 212 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 476 $173,360,000 $364,202 $4,154 2.72%
    15 Year 40 $10,490,000 $262,250 $2,098 2.49%
    20 Year 15 $4,765,000 $317,667 $3,021 2.71%
    Other 7 $2,305,000 $329,286 $1,056 4.25%
    10 Year 5 $565,000 $113,000 $1,827 3.65%
    3 Year 2 $100,000 $50,000 $0 6.50%

    For 2021, Farmers & Stockmens Bank's most frequently cited loan duration was 30 Year, with 476 originations. The 2nd most popular length was 15 Year, with 40 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 427 $153,165,000 $358,700
    $1k-2k 29 $8,825,000 $304,310
    $2k-3k 13 $5,935,000 $456,538
    $3k-4k 10 $4,130,000 $413,000
    $4k-5k 6 $2,230,000 $371,667
    $5k+ 5 $3,545,000 $709,000

    Farmers & Stockmens Bank's average total fees were $4,154, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 427 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 230 $81,430,000 $354,043
    2.5-3% 225 $80,815,000 $359,178
    3-4% 76 $25,020,000 $329,211
    6-7% 5 $325,000 $65,000
    5-6% 5 $545,000 $109,000
    4-5% 3 $3,435,000 $1,145,000
    7-8% 1 $15,000 $15,000

    During 2021, Farmers & Stockmens Bank's average interest rate for loans was 2.72%, while their most frequently originated rate bucket for loans was <2.5%, with 230 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 276 $85,210,000 $308,732 $3,583 2.68%
    $400k-600k 149 $71,475,000 $479,698 $4,617 2.65%
    $100k-200k 78 $12,270,000 $157,308 $2,067 2.71%
    $600k-1MM 22 $15,990,000 $726,818 $8,544 2.66%
    $100,000 or less 15 $905,000 $60,333 $1,747 4.93%
    $1MM+ 5 $5,735,000 $1,147,000 $6,948 3.55%

    2021 saw Farmers & Stockmens Bank place emphasis on $200k-400k loans with 276 originations, totaling $85,210,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 126 $45,210,000 $358,810 $4,525 2.76%
    $75k-100k 99 $33,745,000 $340,859 $4,541 2.72%
    $50k-75k 98 $28,120,000 $286,939 $4,809 2.78%
    $150k-250k 96 $39,520,000 $411,667 $3,017 2.76%
    $250k+ 39 $17,485,000 $448,333 $4,379 2.87%
    $50k or less 27 $4,485,000 $166,111 $3,047 3.27%

    Farmers & Stockmens Bank lent most frequently to those with incomes in the $100k-150k range, with 126 originations. The second most popular income band? $75k-100k, with 99 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 137 $43,575,000 $318,066 $3,421 2.86%
    30-36% 90 $31,230,000 $347,000 $4,311 2.76%
    <20% 68 $19,350,000 $284,559 $1,999 2.65%
    41% 20 $8,180,000 $409,000 $4,347 2.73%
    40% 18 $7,470,000 $415,000 $5,279 2.83%
    50-60% 16 $7,090,000 $443,125 $7,815 2.39%
    39% 16 $5,350,000 $334,375 $3,964 3.07%
    42% 13 $6,005,000 $461,923 $4,752 2.97%
    37% 13 $5,785,000 $445,000 $4,622 3.37%
    43% 13 $4,485,000 $345,000 $5,320 2.93%
    49% 12 $4,690,000 $390,833 $7,413 2.66%
    36% 12 $3,950,000 $329,167 $6,215 2.66%
    44% 11 $4,815,000 $437,727 $5,561 2.90%
    38% 11 $3,565,000 $324,091 $2,649 2.66%
    45% 10 $3,740,000 $374,000 $4,549 3.06%
    47% 9 $3,195,000 $355,000 $5,041 2.57%
    48% 8 $3,130,000 $391,250 $7,609 2.64%
    46% 7 $2,205,000 $315,000 $6,039 2.59%
    >60% 2 $780,000 $390,000 $29,883 4.25%

    Farmers & Stockmens Bank lent most frequently to those with DTI ratios of 20-30%, with 137 originations. The next most common DTI ratio? 30-36%, with 90 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 452 $156,520,000 $346,283 $3,636 2.77%
    Not provided 48 $17,130,000 $356,875 $5,743 2.54%
    Asian 21 $7,605,000 $362,143 $4,673 2.64%
    Black 18 $7,460,000 $414,444 $4,951 2.47%
    Not applicable 1 $1,355,000 $1,355,000 $0 5.00%
    Native Hawaiian or Islander 2 $1,050,000 $525,000 $8,909 2.50%
    American Indian 3 $465,000 $155,000 $1,222 4.04%

    Approval Rates

    Total approvals of all applications
    98.00%

    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 origination
    86.24%

    Farmers & Stockmens Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 545 $191,585,000 $351,532

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    545 $191,585,000 $351,532

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 45 $10,645,000 $236,556 $2,171 2.59%
    40-60% 95 $26,285,000 $276,684 $2,340 2.75%
    60-80% 185 $65,675,000 $355,000 $2,854 2.97%
    80-100% 137 $55,985,000 $408,650 $4,780 2.70%
    Over 100% 38 $16,440,000 $432,632 $13,473 2.60%
    Under 20% 2 $230,000 $115,000 $1,056 2.63%

    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 $183,048
    Farmers & Stockmens Bank 22 Maple Street Clayton, NM 88415 Full Service B&M $68,957
    Farmers & Stockmens Bank 405 Chicosa Street Roy, NM 87743 Full Service B&M $13,628
    Farmers & Stockmens Bank 4582 South Ulster Street, Suite 150 Denver, CO 80237 Full Service B&M $69,613
    Farmers & Stockmens Bank Highway 87 Des Moines, NM 88418 Full Service B&M $6,596

    For 2021, Farmers & Stockmens Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,504
    Net interest income $16,370
    Total noninterest income $11,332
    Gross Fiduciary activities income $2,457
    Service charges on deposit accounts $312
    Trading account gains and fees $0
    Additional Noninterest Income $8,563
    Pre-tax net operating income $6,371
    Securities gains (or losses, -) $0
    Income before extraordinary items $6,371
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,371
    Minority interest net income $0
    Net income $6,371
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,371

    Farmers & Stockmens Bank's gross interest income from loans was $17,504,000.
    Farmers & Stockmens Bank's net interest income from loans was $16,370,000.
    Farmers & Stockmens Bank's fee based income from loans was $312,000.
    Farmers & Stockmens Bank's net income from loans was $6,371,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,134
    Provision for credit losses $915
    Total noninterest expense $20,416
    Salaries and employee benefits $14,293
    Premises and equipment expense $1,273
    Additional noninterest expense $4,850
    Applicable income taxes $0
    Net charge-offs $9
    Cash dividends $4,069

    Farmers & Stockmens Bank's interest expense for loans was $1,134,000.
    Farmers & Stockmens Bank's payroll and benefits expense were $14,293,000.
    Farmers & Stockmens Bank's property, plant and equipment expenses $1,273,000.

    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 $498,983
    Deposits held in domestic offices $498,983
    Deposits by Individuals, partnerships, and corporations $476,070
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $22,913
    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 $293,009
    Demand deposits $251,668
    Nontransaction accounts $205,974
    Money market deposit accounts (MMDAs) $172,785
    Other savings deposits (excluding MMDAs) $14,608
    Total time deposits $18,580
    Total time and savings deposits $247,315
    Noninterest-bearing deposits $251,668
    Interest-bearing deposits $247,315
    Retail deposits $496,905
    IRAs and Keogh plan accounts $3,200
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $560,163
    Cash & Balances due from depository institutions $49,027
    Interest-bearing balances $44,660
    Total securities $13,083
    Federal funds sold & reverse repurchase $208,313
    Net loans and leases $280,376
    Loan and leases loss allowance $4,341
    Trading account assets $0
    Bank premises and fixed assets $2,451
    Other real estate owned $0
    Goodwill and other intangibles $3,497
    All other assets $3,416

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $560,163
    Total Liabilities $512,683
    Total deposits $498,983
    Interest-bearing deposits $247,315
    Deposits held in domestic offices $498,983
    % insured (estimated) $40
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $11,748
    Subordinated debt $0
    All other liabilities $1,952

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $280,376
    Loan and leases loss allowance $4,341
    Total loans and leases (domestic) $284,717
    All real estate loans $206,306
    Real estate loans in domestic offices $206,306
    Construction and development loans $30,375
    Residential 1-4 family construction $12,445
    Other construction, all land development and other land $17,930
    Loans secured by nonfarm nonresidential properties $135,527
    Nonfarm nonresidential secured by owner-occupied properties $85,608
    Commercial real estate & other non-farm, non-residential $49,919
    Multifamily residential real estate $1,705
    1-4 family residential loans $14,374
    Farmland loans $24,325
    Loans held in foreign offices $0
    Farm loans $20,180
    Commercial and industrial loans $54,824
    To non-U.S. addressees $0
    Loans to individuals $3,377
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,222
    Other loans to individuals $2,155
    All other loans & leases $29
    Loans to foreign governments and official institutions $0
    Other loans $29
    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 $160
    Non 1-4 family restructured loans & leases $160
    Total loans and leases (foreign) $0

    Farmers & Stockmens Bank had $280,376,000 of loans outstanding in 2021. $206,306,000 of loans were in real estate loans. $30,375,000 of loans were in development loans. $1,705,000 of loans were in multifamily mortgage loans. $14,374,000 of loans were in 1-4 family mortgage loans. $20,180,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,222,000 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 98 $30,805 $314,337
    Nonfarm, nonresidential loans - <$100k 11 $435 $39,545
    Nonfarm, nonresidential loans - $100-250k 16 $1,541 $96,313
    Nonfarm, nonresidential loans - $250k-1MM 71 $28,829 $406,042
    Commercial & Industrial, US addressed loans - <$1MM 213 $21,525 $101,056
    Commercial & Industrial, US addressed loans - <$100k 114 $3,013 $26,430
    Commercial & Industrial, US addressed loans - $100-250k 48 $4,460 $92,917
    Commercial & Industrial, US addressed loans - $250k-1MM 51 $14,052 $275,529
    Farmland loans - <$1MM 42 $6,554 $156,048
    Farmland loans - <$100k 11 $528 $48,000
    Farmland loans - $100-250k 19 $3,045 $160,263
    Farmland loans - $250k-1MM 12 $2,981 $248,417
    Agriculture operations loans - <$1MM 143 $8,032 $56,168
    Agriculture operations loans - <$100k 94 $1,617 $17,202
    Agriculture operations loans - $100-250k 29 $1,957 $67,483
    Agriculture operations loans - $250k-1MM 20 $4,458 $222,900