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

Breaux Bridge, LA

LEI: 549300IB375I8TZ2FA87

Tax ID: 02-0182460

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

Jump to:

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, Crestview, Opelousas, New Orleans, and Baton Rouge 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 above 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    213

    Origination Dollar Volume (All Markets)

    $22,355,000

    Employee count

    97

    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) 177 $17,925,000 $101,271 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 16 $880,000 $55,000 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $740,000 $370,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 6 $540,000 $90,000 $0 0.00%
    LAKE CHARLES, LA (FHA|USDA|VA) 4 $290,000 $72,500 $0 0.00%
    Jennings, LA (FHA|USDA|VA) 2 $160,000 $80,000 $0 0.00%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    Outside of Metro Areas 2 $110,000 $55,000 $0 0.00%
    ALEXANDRIA, LA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    HAMMOND, LA (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
    Farmers-merchants Bank & Trust Company's top markets include Lafayette, Crestview, Opelousas, New Orleans, and Baton Rouge 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 213 $22,355,000 $104,953 $0 0.00%

    For 2019, Farmers-merchants Bank & Trust Company's most frequently originated type of loan was Conventional, with 213 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 106 $11,870,000 $111,981 $0 0.00%
    Refi 88 $9,660,000 $109,773 $0 0.00%
    Other 10 $350,000 $35,000 $0 0.00%
    Home Improvement 9 $475,000 $52,778 $0 0.00%

    For 2019, Farmers-merchants Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 106 originations. The 2nd most popular reason was Refi, with 88 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 213 $22,355,000 $104,953 $0 0.00%

    For 2019, Farmers-merchants Bank & Trust Company's most frequently cited loan duration was Other, with 213 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 147 $6,915,000 $47,041 $0 0.00%
    $100k-200k 38 $5,050,000 $132,895 $0 0.00%
    $200k-400k 20 $5,770,000 $288,500 $0 0.00%
    $400k-600k 7 $3,115,000 $445,000 $0 0.00%
    $1MM+ 1 $1,505,000 $1,505,000 $0 0.00%

    2019 saw Farmers-merchants Bank & Trust Company place emphasis on $100,000 or less loans with 147 originations, totaling $6,915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 51 $2,655,000 $52,059 $0 0.00%
    $50k-75k 19 $1,045,000 $55,000 $0 0.00%
    $100k-150k 15 $1,465,000 $97,667 $0 0.00%
    $75k-100k 15 $1,045,000 $69,667 $0 0.00%
    $150k-250k 11 $1,435,000 $130,455 $0 0.00%
    $250k+ 3 $835,000 $278,333 $0 0.00%

    Farmers-merchants Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 51 originations. The second most popular income band? $50k-75k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 213 $22,355,000 $104,953 $0 0.00%

    Farmers-merchants Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 213 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 95 $13,565,000 $142,789 $0 0.00%
    White 92 $7,260,000 $78,913 $0 0.00%
    Black 25 $1,395,000 $55,800 $0 0.00%
    Asian Indian 1 $135,000 $135,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.48%

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

    Pick Rate

    Approvals leading to origination
    75.12%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 213 $22,355,000 $104,953

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $215,000 $215,000
    Multifamily:Site-Built 3 $1,005,000 $335,000
    Single Family (1-4 Units):Manufactured 48 $2,060,000 $42,917
    Single Family (1-4 Units):Site-Built 161 $19,075,000 $118,478

    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 $140,661
    Farmers-Merchants Bank & Trust Company 1525 Ambassador Caffery Parkway Lafayette, LA 70506 Full Service B&M $18,528
    Farmers-Merchants Bank & Trust Company 1932 Rees Street Breaux Bridge, LA 70517 Full Service B&M $5,493
    Farmers-Merchants Bank & Trust Company 2110 West Pinhook Road Lafayette, LA 70508 Full Service B&M $7,706
    Farmers-Merchants Bank & Trust Company 2829 Grand Point Highway Breaux Bridge, LA 70517 Full Service B&M $37,594
    Farmers-Merchants Bank & Trust Company Rees And Periou Streets Breaux Bridge, LA 70517 Full Service B&M $38,475
    Farmers-Merchants Bank & Trust Company Wilkins And Neblet Streets Arnaudville, LA 70512 Full Service B&M $24,532

    For 2019, Farmers-merchants Bank & Trust Company had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,329
    Net interest income $12,986
    Total noninterest income $2,180
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $838
    Trading account gains and fees $0
    Additional Noninterest Income $1,342
    Pre-tax net operating income $3,882
    Securities gains (or losses, -) $21
    Income before extraordinary items $3,903
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,903
    Minority interest net income $0
    Net income $3,903
    Sale, conversion, retirement of capital stock, net $-204
    Net operating income $3,882

    Farmers-merchants Bank & Trust Company's gross interest income from loans was $15,329,000.
    Farmers-merchants Bank & Trust Company's net interest income from loans was $12,986,000.
    Farmers-merchants Bank & Trust Company's fee based income from loans was $838,000.
    Farmers-merchants Bank & Trust Company's net income from loans was $3,903,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,343
    Provision for credit losses $320
    Total noninterest expense $10,964
    Salaries and employee benefits $6,313
    Premises and equipment expense $1,274
    Additional noninterest expense $3,377
    Applicable income taxes $0
    Net charge-offs $213
    Cash dividends $2,133

    Farmers-merchants Bank & Trust Company's interest expense for loans was $2,343,000.
    Farmers-merchants Bank & Trust Company's payroll and benefits expense were $6,313,000.
    Farmers-merchants Bank & Trust Company's property, plant and equipment expenses $1,274,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 3.0%
    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 10.0%
    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 $283,020
    Deposits held in domestic offices $283,020
    Deposits by Individuals, partnerships, and corporations $251,547
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $28,987
    Deposits by Commercial banks and other depository institutions in U.S. $2,486
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $151,033
    Demand deposits $74,248
    Nontransaction accounts $131,987
    Money market deposit accounts (MMDAs) $11,183
    Other savings deposits (excluding MMDAs) $49,323
    Total time deposits $71,481
    Total time and savings deposits $208,772
    Noninterest-bearing deposits $74,657
    Interest-bearing deposits $208,363
    Retail deposits $260,805
    IRAs and Keogh plan accounts $9,776
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $334,893
    Cash & Balances due from depository institutions $42,434
    Interest-bearing balances $35,766
    Total securities $31,079
    Federal funds sold & reverse repurchase $250
    Net loans and leases $243,899
    Loan and leases loss allowance $3,263
    Trading account assets $0
    Bank premises and fixed assets $7,877
    Other real estate owned $376
    Goodwill and other intangibles $0
    All other assets $8,978

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $334,893
    Total Liabilities $290,790
    Total deposits $283,020
    Interest-bearing deposits $208,363
    Deposits held in domestic offices $283,020
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $7,000
    Subordinated debt $0
    All other liabilities $770

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $243,899
    Loan and leases loss allowance $3,263
    Total loans and leases (domestic) $247,162
    All real estate loans $211,392
    Real estate loans in domestic offices $211,392
    Construction and development loans $38,371
    Residential 1-4 family construction $11,538
    Other construction, all land development and other land $26,833
    Loans secured by nonfarm nonresidential properties $109,181
    Nonfarm nonresidential secured by owner-occupied properties $27,666
    Commercial real estate & other non-farm, non-residential $81,515
    Multifamily residential real estate $7,172
    1-4 family residential loans $52,120
    Farmland loans $4,548
    Loans held in foreign offices $0
    Farm loans $3,460
    Commercial and industrial loans $15,967
    To non-U.S. addressees $0
    Loans to individuals $16,316
    Credit card loans $0
    Related Plans $26
    Consumer Auto Loans $1,642
    Other loans to individuals $14,648
    All other loans & leases $27
    Loans to foreign governments and official institutions $0
    Other loans $27
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $63
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $5,615
    Non 1-4 family restructured loans & leases $5,368
    Total loans and leases (foreign) $0

    Farmers-Merchants Bank & Trust Company had $243,899,000 of loans outstanding in 2019. $211,392,000 of loans were in real estate loans. $38,371,000 of loans were in development loans. $7,172,000 of loans were in multifamily mortgage loans. $52,120,000 of loans were in 1-4 family mortgage loans. $3,460,000 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 147 $39,237 $266,918
    Nonfarm, nonresidential loans - <$100k 33 $1,339 $40,576
    Nonfarm, nonresidential loans - $100-250k 44 $5,636 $128,091
    Nonfarm, nonresidential loans - $250k-1MM 70 $32,262 $460,886
    Commercial & Industrial, US addressed loans - <$1MM 112 $11,876 $106,036
    Commercial & Industrial, US addressed loans - <$100k 69 $1,640 $23,768
    Commercial & Industrial, US addressed loans - $100-250k 22 $1,738 $79,000
    Commercial & Industrial, US addressed loans - $250k-1MM 21 $8,498 $404,667
    Farmland loans - <$1MM 10 $409 $40,900
    Farmland loans - <$100k 9 $297 $33,000
    Farmland loans - $100-250k 1 $112 $112,000
    Agriculture operations loans - <$1MM 5 $963 $192,600
    Agriculture operations loans - <$100k 2 $108 $54,000
    Agriculture operations loans - $250k-1MM 3 $855 $285,000