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

Breaux Bridge, LA

LEI: 549300IB375I8TZ2FA87

Tax ID: 02-0182460

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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)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Farmers-merchants Bank & Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Farmers-merchants Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Lafayette, Opelousas, Baton Rouge, New Orleans, and Crestview among others. We have data for 11 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.

    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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    Originations

    228

    Origination Dollar Volume (All Markets)

    $25,730,000

    Employee count

    96

    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) 173 $19,615,000 $113,382 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 30 $2,650,000 $88,333 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 8 $1,150,000 $143,750 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $535,000 $178,333 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $530,000 $265,000 $0 0.00%
    HAMMOND, LA (FHA|USDA|VA) 3 $465,000 $155,000 $0 0.00%
    ALEXANDRIA, LA (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
    LAKE CHARLES, LA (FHA|USDA|VA) 4 $200,000 $50,000 $0 0.00%
    Morgan City, LA (FHA|USDA|VA) 2 $150,000 $75,000 $0 0.00%
    Fort Polk South, LA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Outside of Metro Areas 1 $55,000 $55,000 $0 0.00%
    Farmers-merchants Bank & Trust Company's top markets include Lafayette, Opelousas, Baton Rouge, New Orleans, and Crestview among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 228 $25,730,000 $112,851 $0 0.00%

    For 2018, Farmers-merchants Bank & Trust Company's most frequently originated type of loan was Conventional, with 228 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 133 $13,605,000 $102,293 $0 0.00%
    Refi 81 $11,465,000 $141,543 $0 0.00%
    Home Improvement 7 $325,000 $46,429 $0 0.00%
    Other 7 $335,000 $47,857 $0 0.00%

    For 2018, Farmers-merchants Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 133 originations. The 2nd most popular reason was Refi, with 81 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 228 $25,730,000 $112,851 $0 0.00%

    For 2018, Farmers-merchants Bank & Trust Company's most frequently cited loan duration was Other, with 228 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 158 $7,600,000 $48,101 $0 0.00%
    $100k-200k 33 $4,465,000 $135,303 $0 0.00%
    $200k-400k 26 $6,740,000 $259,231 $0 0.00%
    $400k-600k 7 $3,385,000 $483,571 $0 0.00%
    $600k-1MM 3 $2,405,000 $801,667 $0 0.00%
    $1MM+ 1 $1,135,000 $1,135,000 $0 0.00%

    2018 saw Farmers-merchants Bank & Trust Company place emphasis on $100,000 or less loans with 158 originations, totaling $7,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 40 $1,910,000 $47,750 $0 0.00%
    $100k-150k 21 $1,955,000 $93,095 $0 0.00%
    $50k-75k 20 $1,180,000 $59,000 $0 0.00%
    $75k-100k 16 $1,260,000 $78,750 $0 0.00%
    $150k-250k 14 $2,200,000 $157,143 $0 0.00%
    $250k+ 3 $285,000 $95,000 $0 0.00%

    Farmers-merchants Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 40 originations. The second most popular income band? $100k-150k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 228 $25,730,000 $112,851 $0 0.00%

    Farmers-merchants Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 228 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 110 $16,750,000 $152,273 $0 0.00%
    White 86 $6,980,000 $81,163 $0 0.00%
    Black 32 $2,000,000 $62,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.61%

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

    Pick Rate

    Approvals leading to origination
    78.95%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 228 $25,730,000 $112,851

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $600,000 $300,000
    Multifamily:Site-Built 11 $3,295,000 $299,545
    Single Family (1-4 Units):Manufactured 60 $2,630,000 $43,833
    Single Family (1-4 Units):Site-Built 155 $19,205,000 $123,903

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Farmers-Merchants Bank & Trust Company 100 South Main Street Breaux Bridge, LA 70517 Full Service B&M $134,884
    Farmers-Merchants Bank & Trust Company 1525 Ambassador Caffery Parkway Lafayette, LA 70506 Full Service B&M $18,032
    Farmers-Merchants Bank & Trust Company 1932 Rees Street Breaux Bridge, LA 70517 Full Service B&M $4,537
    Farmers-Merchants Bank & Trust Company 2110 West Pinhook Road Lafayette, LA 70508 Full Service B&M $3,606
    Farmers-Merchants Bank & Trust Company 2829 Grand Point Highway Breaux Bridge, LA 70517 Full Service B&M $37,293
    Farmers-Merchants Bank & Trust Company Rees And Periou Streets Breaux Bridge, LA 70517 Full Service B&M $36,040
    Farmers-Merchants Bank & Trust Company Wilkins And Neblet Streets Arnaudville, LA 70512 Full Service B&M $23,302

    For 2018, Farmers-merchants Bank & Trust Company had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,223
    Net interest income $12,792
    Total noninterest income $1,845
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $995
    Trading account gains and fees $0
    Additional Noninterest Income $850
    Pre-tax net operating income $3,941
    Securities gains (or losses, -) $7
    Income before extraordinary items $3,948
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,948
    Minority interest net income $0
    Net income $3,948
    Sale, conversion, retirement of capital stock, net $-215
    Net operating income $3,941

    Farmers-merchants Bank & Trust Company's gross interest income from loans was $14,223,000.
    Farmers-merchants Bank & Trust Company's net interest income from loans was $12,792,000.
    Farmers-merchants Bank & Trust Company's fee based income from loans was $995,000.
    Farmers-merchants Bank & Trust Company's net income from loans was $3,948,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,431
    Provision for credit losses $245
    Total noninterest expense $10,451
    Salaries and employee benefits $5,930
    Premises and equipment expense $1,242
    Additional noninterest expense $3,279
    Applicable income taxes $0
    Net charge-offs $109
    Cash dividends $1,451

    Farmers-merchants Bank & Trust Company's interest expense for loans was $1,431,000.
    Farmers-merchants Bank & Trust Company's payroll and benefits expense were $5,930,000.
    Farmers-merchants Bank & Trust Company's property, plant and equipment expenses $1,242,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    Commercial & industrial loans 9.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $261,753
    Deposits held in domestic offices $261,753
    Deposits by Individuals, partnerships, and corporations $216,093
    Deposits by U.S. Government $6
    Deposits by States and political subdivisions in the U.S. $41,061
    Deposits by Commercial banks and other depository institutions in U.S. $4,593
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $137,959
    Demand deposits $68,045
    Nontransaction accounts $123,794
    Money market deposit accounts (MMDAs) $12,542
    Other savings deposits (excluding MMDAs) $46,987
    Total time deposits $64,265
    Total time and savings deposits $193,708
    Noninterest-bearing deposits $68,699
    Interest-bearing deposits $193,054
    Retail deposits $248,197
    IRAs and Keogh plan accounts $9,354
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $314,264
    Cash & Balances due from depository institutions $15,838
    Interest-bearing balances $6,384
    Total securities $39,176
    Federal funds sold & reverse repurchase $250
    Net loans and leases $240,878
    Loan and leases loss allowance $3,156
    Trading account assets $0
    Bank premises and fixed assets $8,065
    Other real estate owned $552
    Goodwill and other intangibles $0
    All other assets $9,505

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $314,264
    Total Liabilities $272,593
    Total deposits $261,753
    Interest-bearing deposits $193,054
    Deposits held in domestic offices $261,753
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $840

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $240,878
    Loan and leases loss allowance $3,156
    Total loans and leases (domestic) $244,034
    All real estate loans $207,558
    Real estate loans in domestic offices $207,558
    Construction and development loans $35,907
    Residential 1-4 family construction $11,355
    Other construction, all land development and other land $24,552
    Loans secured by nonfarm nonresidential properties $109,383
    Nonfarm nonresidential secured by owner-occupied properties $33,000
    Commercial real estate & other non-farm, non-residential $76,383
    Multifamily residential real estate $3,272
    1-4 family residential loans $54,683
    Farmland loans $4,313
    Loans held in foreign offices $0
    Farm loans $2,987
    Commercial and industrial loans $17,268
    To non-U.S. addressees $0
    Loans to individuals $16,141
    Credit card loans $0
    Related Plans $27
    Consumer Auto Loans $1,764
    Other loans to individuals $14,350
    All other loans & leases $80
    Loans to foreign governments and official institutions $0
    Other loans $80
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $136
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $7,421
    Non 1-4 family restructured loans & leases $7,119
    Total loans and leases (foreign) $0

    Farmers-Merchants Bank & Trust Company had $240,878,000 of loans outstanding in 2018. $207,558,000 of loans were in real estate loans. $35,907,000 of loans were in development loans. $3,272,000 of loans were in multifamily mortgage loans. $54,683,000 of loans were in 1-4 family mortgage loans. $2,987,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,764,000 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 144 $36,496 $253,444
    Nonfarm, nonresidential loans - <$100k 31 $1,211 $39,065
    Nonfarm, nonresidential loans - $100-250k 42 $5,309 $126,405
    Nonfarm, nonresidential loans - $250k-1MM 71 $29,976 $422,197
    Commercial & Industrial, US addressed loans - <$1MM 120 $7,488 $62,400
    Commercial & Industrial, US addressed loans - <$100k 75 $1,617 $21,560
    Commercial & Industrial, US addressed loans - $100-250k 28 $2,614 $93,357
    Commercial & Industrial, US addressed loans - $250k-1MM 17 $3,257 $191,588
    Farmland loans - <$1MM 11 $463 $42,091
    Farmland loans - <$100k 10 $346 $34,600
    Farmland loans - $100-250k 1 $117 $117,000
    Agriculture operations loans - <$1MM 7 $1,412 $201,714
    Agriculture operations loans - <$100k 2 $38 $19,000
    Agriculture operations loans - $100-250k 1 $127 $127,000
    Agriculture operations loans - $250k-1MM 4 $1,247 $311,750