The Farmers State Bank Mortgage Rates, Fees & Info

Holton, KS

LEI: 549300BP2WBHKWIZA420

Tax ID: 48-0216420

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Mortgage Data

Review & Overview

The Farmers State Bank is a smaller bank specializing in Home Purchase loans. The Farmers State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Topeka, Manhattan, and Lawrence among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Farmers State 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.

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Originations

37

Origination Dollar Volume (All Markets)

$5,445,000

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
TOPEKA, KS (FHA|USDA|VA) 32 $4,840,000 $151,250 $0 0.00%
MANHATTAN, KS (FHA|USDA|VA) 3 $425,000 $141,667 $0 0.00%
Outside of Metro Areas 1 $145,000 $145,000 $0 0.00%
LAWRENCE, KS (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
The Farmers State Bank's top markets include Topeka, Manhattan, and Lawrence among others.

Their top states include:
  • Kansas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 37 $5,445,000 $147,162 $0 0.00%

    For 2023, The Farmers State Bank's most frequently originated type of loan was Conventional, with 37 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 31 $4,905,000 $158,226 $0 0.00%
    Home Improvement 3 $95,000 $31,667 $0 0.00%
    Refi 3 $445,000 $148,333 $0 0.00%

    For 2023, The Farmers State Bank's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Home Improvement, with 3 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 37 $5,445,000 $147,162 $0 0.00%

    For 2023, The Farmers State Bank's most frequently cited loan duration was Other, with 37 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 24 $3,720,000 $155,000 $0 0.00%
    $100,000 or less 9 $615,000 $68,333 $0 0.00%
    $200k-400k 3 $705,000 $235,000 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%

    2023 saw The Farmers State Bank place emphasis on $100k-200k loans with 24 originations, totaling $3,720,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 8 $1,000,000 $125,000 $0 0.00%
    $75k-100k 8 $970,000 $121,250 $0 0.00%
    $100k-150k 5 $1,105,000 $221,000 $0 0.00%
    $150k-250k 1 $195,000 $195,000 $0 0.00%
    $250k+ 1 $115,000 $115,000 $0 0.00%
    $50k or less 1 $75,000 $75,000 $0 0.00%

    The Farmers State Bank lent most frequently to those with incomes in the $50k-75k range, with 8 originations. The second most popular income band? $75k-100k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 37 $5,445,000 $147,162 $0 0.00%

    The Farmers State Bank lent most frequently to those with DTI ratios of Exempt%, with 37 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 23 $3,365,000 $146,304 $0 0.00%
    Not applicable 12 $1,890,000 $157,500 $0 0.00%
    American Indian 1 $95,000 $95,000 $0 0.00%
    Not provided 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.18%

    The Farmers State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.19%

    The Farmers State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 37 $5,445,000 $147,162

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    37 $5,445,000 $147,162