Fms Bank Mortgage Rates, Fees & Info
Fort Morgan, COLEI: 549300G4VO4E5SNMQB32
Tax ID: 84-0882445
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Mortgage Data
Bank Data
Review & Overview
Fms Bank is a smaller bank specializing in Home Purchase loans. Fms Bank has a high proportion of conventional loans. Their top markets by origination volume include: Greeley, Fort Morgan, Fort Collins, Grand Junction, and Colorado Springs among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Fms Bank has an above average approval rate when compared to the average across all lenders.
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Originations
40Origination Dollar Volume (All Markets)
$9,230,000Employee count
48Top 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 |
|---|---|---|---|---|---|
| GREELEY, CO (FHA|USDA|VA) | 17 | $4,625,000 | $272,059 | $0 | 0.00% |
| Fort Morgan, CO (FHA|USDA|VA) | 17 | $3,125,000 | $183,824 | $0 | 0.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $0 | 0.00% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $9,230,000 | $230,750 | $0 | 0.00% |
For 2018, Fms Bank's most frequently originated type of loan was Conventional, with 40 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 31 | $7,615,000 | $245,645 | $0 | 0.00% |
| Cash Out Refi | 8 | $1,510,000 | $188,750 | $0 | 0.00% |
| Refi | 1 | $105,000 | $105,000 | $0 | 0.00% |
For 2018, Fms Bank's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 40 | $9,230,000 | $230,750 | $0 | 0.00% |
For 2018, Fms Bank's most frequently cited loan duration was Other, with 40 originations.
Loan Sizing
2018 saw Fms Bank place emphasis on $200k-400k loans with 21 originations, totaling $6,065,000 in origination value.
Applicant Income
Fms Bank lent most frequently to those with incomes in the $50k-75k range, with 10 originations. The second most popular income band? $50k or less, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 40 | $9,230,000 | $230,750 | $0 | 0.00% |
Fms Bank lent most frequently to those with DTI ratios of Exempt%, with 40 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 40 | $9,230,000 | $230,750 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Fms 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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 40 | $9,230,000 | $230,750 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 40 | $9,230,000 | $230,750 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| FMS Bank | 2425 35th Avenue Greeley, CO 80634 | Full Service B&M | $52,342 |
| FMS Bank | 520 Sherman Street Fort Morgan, CO 80701 | Full Service B&M | $98,699 |
For 2018, Fms Bank had 2 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $9,731 |
| Net interest income | $8,967 |
| Total noninterest income | $1,952 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $192 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,760 |
| Pre-tax net operating income | $2,431 |
| Securities gains (or losses, -) | $-539 |
| Income before extraordinary items | $1,892 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,892 |
| Minority interest net income | $0 |
| Net income | $1,892 |
| Sale, conversion, retirement of capital stock, net | $157 |
| Net operating income | $2,431 |
Fms Bank's gross interest income from loans was $9,731,000.
Fms Bank's net interest income from loans was $8,967,000.
Fms Bank's fee based income from loans was $192,000.
Fms Bank's net income from loans was $1,892,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $764 |
| Provision for credit losses | $1,245 |
| Total noninterest expense | $7,243 |
| Salaries and employee benefits | $4,125 |
| Premises and equipment expense | $548 |
| Additional noninterest expense | $2,570 |
| Applicable income taxes | $0 |
| Net charge-offs | $795 |
| Cash dividends | $1,828 |
Fms Bank's interest expense for loans was $764,000.
Fms Bank's payroll and benefits expense were $4,125,000.
Fms Bank's property, plant and equipment expenses $548,000.
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 | 2.0% |
| 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 | 2.0% |
| Credit card loans | 0.0% |
| Other individual loans | 2.0% |
| Auto loans | 0.0% |
| Other consumer loans | 2.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $156,427 |
| Deposits held in domestic offices | $156,427 |
| Deposits by Individuals, partnerships, and corporations | $150,552 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $5,875 |
| 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 | $78,373 |
| Demand deposits | $40,136 |
| Nontransaction accounts | $78,054 |
| Money market deposit accounts (MMDAs) | $9,593 |
| Other savings deposits (excluding MMDAs) | $22,573 |
| Total time deposits | $45,888 |
| Total time and savings deposits | $116,291 |
| Noninterest-bearing deposits | $40,800 |
| Interest-bearing deposits | $115,627 |
| Retail deposits | $134,371 |
| IRAs and Keogh plan accounts | $1,815 |
| Brokered deposits | $1,243 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $184,114 |
| Cash & Balances due from depository institutions | $7,662 |
| Interest-bearing balances | $1,916 |
| Total securities | $29,299 |
| Federal funds sold & reverse repurchase | $4 |
| Net loans and leases | $136,346 |
| Loan and leases loss allowance | $2,115 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,775 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $1,520 |
| All other assets | $5,508 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $184,113 |
| Total Liabilities | $165,328 |
| Total deposits | $156,427 |
| Interest-bearing deposits | $115,627 |
| Deposits held in domestic offices | $156,427 |
| % insured (estimated) | $81 |
| Federal funds purchased and repurchase agreements | $6,951 |
| Trading liabilities | $0 |
| Other borrowed funds | $1,310 |
| Subordinated debt | $0 |
| All other liabilities | $640 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $136,346 |
| Loan and leases loss allowance | $2,115 |
| Total loans and leases (domestic) | $138,461 |
| All real estate loans | $85,866 |
| Real estate loans in domestic offices | $85,866 |
| Construction and development loans | $14,601 |
| Residential 1-4 family construction | $9,697 |
| Other construction, all land development and other land | $4,904 |
| Loans secured by nonfarm nonresidential properties | $29,269 |
| Nonfarm nonresidential secured by owner-occupied properties | $16,174 |
| Commercial real estate & other non-farm, non-residential | $13,095 |
| Multifamily residential real estate | $1,217 |
| 1-4 family residential loans | $35,067 |
| Farmland loans | $5,712 |
| Loans held in foreign offices | $0 |
| Farm loans | $2,160 |
| Commercial and industrial loans | $26,415 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $23,954 |
| Credit card loans | $0 |
| Related Plans | $88 |
| Consumer Auto Loans | $1,642 |
| Other loans to individuals | $22,224 |
| All other loans & leases | $66 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $66 |
| 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 | $115 |
| Non 1-4 family restructured loans & leases | $115 |
| Total loans and leases (foreign) | $0 |
FMS Bank had $136,346,000 of loans outstanding in 2018. $85,866,000 of loans were in real estate loans. $14,601,000 of loans were in development loans. $1,217,000 of loans were in multifamily mortgage loans. $35,067,000 of loans were in 1-4 family mortgage loans. $2,160,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,642,000 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 | 111 | $20,666 | $186,180 |
| Nonfarm, nonresidential loans - <$100k | 37 | $1,681 | $45,432 |
| Nonfarm, nonresidential loans - $100-250k | 37 | $5,395 | $145,811 |
| Nonfarm, nonresidential loans - $250k-1MM | 37 | $13,590 | $367,297 |
| Commercial & Industrial, US addressed loans - <$1MM | 219 | $16,472 | $75,215 |
| Commercial & Industrial, US addressed loans - <$100k | 145 | $3,730 | $25,724 |
| Commercial & Industrial, US addressed loans - $100-250k | 40 | $3,710 | $92,750 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 34 | $9,032 | $265,647 |
| Farmland loans - <$1MM | 15 | $2,304 | $153,600 |
| Farmland loans - <$100k | 6 | $70 | $11,667 |
| Farmland loans - $100-250k | 4 | $484 | $121,000 |
| Farmland loans - $250k-1MM | 5 | $1,750 | $350,000 |
| Agriculture operations loans - <$1MM | 49 | $2,160 | $44,082 |
| Agriculture operations loans - <$100k | 41 | $1,020 | $24,878 |
| Agriculture operations loans - $100-250k | 4 | $516 | $129,000 |
| Agriculture operations loans - $250k-1MM | 4 | $624 | $156,000 |