Farmers-merchants Bank & Trust Company Mortgage Rates, Fees & Info

Breaux Bridge, LA

LEI: 549300IB375I8TZ2FA87

Tax ID: 02-0182460

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
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Farmers-merchants Bank & Trust Company is a smaller bank specializing in Refi and Home Purchase loans. Farmers-merchants Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Lafayette, Opelousas, Lake Charles, Baton Rouge, and Hammond among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Farmers-merchants Bank & Trust Company has an 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

    111

    Origination Dollar Volume (All Markets)

    $13,745,000

    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
    LAFAYETTE, LA (FHA|USDA|VA) 95 $12,165,000 $128,053 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 10 $870,000 $87,000 $0 0.00%
    LAKE CHARLES, LA (FHA|USDA|VA) 4 $510,000 $127,500 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    HAMMOND, LA (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    Farmers-merchants Bank & Trust Company's top markets include Lafayette, Opelousas, Lake Charles, Baton Rouge, and Hammond among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 111 $13,745,000 $123,829 $0 0.00%

    For 2024, Farmers-merchants Bank & Trust Company's most frequently originated type of loan was Conventional, with 111 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 82 $9,520,000 $116,098 $0 0.00%
    Home Purchase 25 $4,005,000 $160,200 $0 0.00%
    Home Improvement 3 $195,000 $65,000 $0 0.00%
    Other 1 $25,000 $25,000 $0 0.00%

    For 2024, Farmers-merchants Bank & Trust Company's most frequently cited loan purpose was Refi, with 82 originations. The 2nd most popular reason was Home Purchase, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 111 $13,745,000 $123,829 $0 0.00%

    For 2024, Farmers-merchants Bank & Trust Company's most frequently cited loan duration was Other, with 111 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 80 $3,370,000 $42,125 $0 0.00%
    $100k-200k 14 $2,320,000 $165,714 $0 0.00%
    $200k-400k 13 $3,385,000 $260,385 $0 0.00%
    $600k-1MM 2 $1,490,000 $745,000 $0 0.00%
    $1MM+ 1 $2,655,000 $2,655,000 $0 0.00%
    $400k-600k 1 $525,000 $525,000 $0 0.00%

    2024 saw Farmers-merchants Bank & Trust Company place emphasis on $100,000 or less loans with 80 originations, totaling $3,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 27 $885,000 $32,778 $0 0.00%
    $50k-75k 15 $875,000 $58,333 $0 0.00%
    $100k-150k 9 $965,000 $107,222 $0 0.00%
    $250k+ 5 $615,000 $123,000 $0 0.00%
    $150k-250k 4 $1,350,000 $337,500 $0 0.00%
    $75k-100k 3 $85,000 $28,333 $0 0.00%

    Farmers-merchants Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 27 originations. The second most popular income band? $50k-75k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 111 $13,745,000 $123,829 $0 0.00%

    Farmers-merchants Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 111 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 47 $8,795,000 $187,128 $0 0.00%
    White 44 $3,810,000 $86,591 $0 0.00%
    Black 18 $940,000 $52,222 $0 0.00%
    Asian 2 $200,000 $100,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.41%

    Farmers-merchants Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.39%

    Farmers-merchants Bank & Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 111 $13,745,000 $123,829

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    111 $13,745,000 $123,829