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. They have a low ratio of USDA loans. Their top markets by origination volume include: Lafayette, Opelousas, Baton Rouge, New Orleans, and Lake Charles among others. We have data for 6 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

    185

    Origination Dollar Volume (All Markets)

    $22,725,000

    Employee count

    87

    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) 156 $18,770,000 $120,321 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 20 $2,220,000 $111,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 3 $835,000 $278,333 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $735,000 $245,000 $0 0.00%
    LAKE CHARLES, LA (FHA|USDA|VA) 2 $120,000 $60,000 $0 0.00%
    Jennings, LA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Farmers-merchants Bank & Trust Company's top markets include Lafayette, Opelousas, Baton Rouge, New Orleans, and Lake Charles among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 183 $22,465,000 $122,760 $0 0.00%
    USDA 2 $260,000 $130,000 $0 0.00%

    For 2020, Farmers-merchants Bank & Trust Company's most frequently originated type of loan was Conventional, with 183 originations. Their 2nd most popular type was USDA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 95 $11,575,000 $121,842 $0 0.00%
    Refi 83 $10,825,000 $130,422 $0 0.00%
    Other 5 $215,000 $43,000 $0 0.00%
    Home Improvement 2 $110,000 $55,000 $0 0.00%

    For 2020, Farmers-merchants Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 95 originations. The 2nd most popular reason was Refi, with 83 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 185 $22,725,000 $122,838 $0 0.00%

    For 2020, Farmers-merchants Bank & Trust Company's most frequently cited loan duration was Other, with 185 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 119 $6,285,000 $52,815 $0 0.00%
    $100k-200k 34 $4,690,000 $137,941 $0 0.00%
    $200k-400k 21 $5,735,000 $273,095 $0 0.00%
    $400k-600k 7 $3,235,000 $462,143 $0 0.00%
    $600k-1MM 4 $2,780,000 $695,000 $0 0.00%

    2020 saw Farmers-merchants Bank & Trust Company place emphasis on $100,000 or less loans with 119 originations, totaling $6,285,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 42 $1,970,000 $46,905 $0 0.00%
    $50k-75k 22 $1,670,000 $75,909 $0 0.00%
    $75k-100k 19 $1,915,000 $100,789 $0 0.00%
    $100k-150k 12 $1,490,000 $124,167 $0 0.00%
    $150k-250k 10 $2,290,000 $229,000 $0 0.00%
    $250k+ 5 $1,045,000 $209,000 $0 0.00%

    Farmers-merchants Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 42 originations. The second most popular income band? $50k-75k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 185 $22,725,000 $122,838 $0 0.00%

    Farmers-merchants Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 185 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 66 $11,320,000 $171,515 $0 0.00%
    White 87 $9,395,000 $107,989 $0 0.00%
    Black 30 $1,900,000 $63,333 $0 0.00%
    Asian Indian 1 $75,000 $75,000 $0 0.00%
    Asian 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.23%

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

    Pick Rate

    Approvals leading to origination
    72.97%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 185 $22,725,000 $122,838

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 4 $1,150,000 $287,500
    Multifamily:Site-Built 5 $1,745,000 $349,000
    Single Family (1-4 Units):Manufactured 39 $1,735,000 $44,487
    Single Family (1-4 Units):Site-Built 137 $18,095,000 $132,080

    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 $137,722
    Farmers-Merchants Bank & Trust Company 1525 Ambassador Caffery Parkway Lafayette, LA 70506 Full Service B&M $28,361
    Farmers-Merchants Bank & Trust Company 1932 Rees Street Breaux Bridge, LA 70517 Full Service B&M $6,582
    Farmers-Merchants Bank & Trust Company 2110 West Pinhook Road Lafayette, LA 70508 Full Service B&M $12,597
    Farmers-Merchants Bank & Trust Company 2829 Grand Point Highway Breaux Bridge, LA 70517 Full Service B&M $50,777
    Farmers-Merchants Bank & Trust Company Rees And Periou Streets Breaux Bridge, LA 70517 Full Service B&M $55,367
    Farmers-Merchants Bank & Trust Company Wilkins And Neblet Streets Arnaudville, LA 70512 Full Service B&M $24,866

    For 2020, Farmers-merchants Bank & Trust Company had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,959
    Net interest income $13,264
    Total noninterest income $1,620
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $631
    Trading account gains and fees $0
    Additional Noninterest Income $989
    Pre-tax net operating income $3,117
    Securities gains (or losses, -) $6
    Income before extraordinary items $3,123
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,123
    Minority interest net income $0
    Net income $3,123
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,117

    Farmers-merchants Bank & Trust Company's gross interest income from loans was $14,959,000.
    Farmers-merchants Bank & Trust Company's net interest income from loans was $13,264,000.
    Farmers-merchants Bank & Trust Company's fee based income from loans was $631,000.
    Farmers-merchants Bank & Trust Company's net income from loans was $3,123,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,695
    Provision for credit losses $825
    Total noninterest expense $10,942
    Salaries and employee benefits $6,356
    Premises and equipment expense $1,188
    Additional noninterest expense $3,398
    Applicable income taxes $0
    Net charge-offs $679
    Cash dividends $1,472

    Farmers-merchants Bank & Trust Company's interest expense for loans was $1,695,000.
    Farmers-merchants Bank & Trust Company's payroll and benefits expense were $6,356,000.
    Farmers-merchants Bank & Trust Company's property, plant and equipment expenses $1,188,000.

    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 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 1.0%
    All other family 2.0%
    Commercial & industrial loans 4.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $310,323
    Deposits held in domestic offices $310,323
    Deposits by Individuals, partnerships, and corporations $280,943
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $28,886
    Deposits by Commercial banks and other depository institutions in U.S. $494
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $175,715
    Demand deposits $92,990
    Nontransaction accounts $134,608
    Money market deposit accounts (MMDAs) $8,984
    Other savings deposits (excluding MMDAs) $62,474
    Total time deposits $63,150
    Total time and savings deposits $217,333
    Noninterest-bearing deposits $96,669
    Interest-bearing deposits $213,654
    Retail deposits $292,368
    IRAs and Keogh plan accounts $10,787
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $362,528
    Cash & Balances due from depository institutions $77,056
    Interest-bearing balances $71,153
    Total securities $32,073
    Federal funds sold & reverse repurchase $250
    Net loans and leases $236,313
    Loan and leases loss allowance $3,409
    Trading account assets $0
    Bank premises and fixed assets $7,604
    Other real estate owned $371
    Goodwill and other intangibles $0
    All other assets $8,861

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $362,528
    Total Liabilities $316,318
    Total deposits $310,323
    Interest-bearing deposits $213,654
    Deposits held in domestic offices $310,323
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $5,000
    Subordinated debt $0
    All other liabilities $995

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $236,313
    Loan and leases loss allowance $3,409
    Total loans and leases (domestic) $239,722
    All real estate loans $192,907
    Real estate loans in domestic offices $192,907
    Construction and development loans $36,403
    Residential 1-4 family construction $9,762
    Other construction, all land development and other land $26,641
    Loans secured by nonfarm nonresidential properties $96,341
    Nonfarm nonresidential secured by owner-occupied properties $21,505
    Commercial real estate & other non-farm, non-residential $74,836
    Multifamily residential real estate $4,343
    1-4 family residential loans $52,760
    Farmland loans $3,060
    Loans held in foreign offices $0
    Farm loans $2,230
    Commercial and industrial loans $27,190
    To non-U.S. addressees $0
    Loans to individuals $15,803
    Credit card loans $0
    Related Plans $8
    Consumer Auto Loans $1,785
    Other loans to individuals $14,010
    All other loans & leases $1,592
    Loans to foreign governments and official institutions $0
    Other loans $1,592
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $273
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $8,924
    Non 1-4 family restructured loans & leases $7,545
    Total loans and leases (foreign) $0

    Farmers-Merchants Bank & Trust Company had $236,313,000 of loans outstanding in 2020. $192,907,000 of loans were in real estate loans. $36,403,000 of loans were in development loans. $4,343,000 of loans were in multifamily mortgage loans. $52,760,000 of loans were in 1-4 family mortgage loans. $2,230,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,785,000 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 204 $42,166 $206,696
    Nonfarm, nonresidential loans - <$100k 59 $1,781 $30,186
    Nonfarm, nonresidential loans - $100-250k 58 $6,687 $115,293
    Nonfarm, nonresidential loans - $250k-1MM 87 $33,698 $387,333
    Commercial & Industrial, US addressed loans - <$1MM 334 $19,310 $57,814
    Commercial & Industrial, US addressed loans - <$100k 256 $4,726 $18,461
    Commercial & Industrial, US addressed loans - $100-250k 49 $5,923 $120,878
    Commercial & Industrial, US addressed loans - $250k-1MM 29 $8,661 $298,655
    Farmland loans - <$1MM 12 $534 $44,500
    Farmland loans - <$100k 10 $261 $26,100
    Farmland loans - $100-250k 2 $273 $136,500
    Agriculture operations loans - <$1MM 13 $1,210 $93,077
    Agriculture operations loans - <$100k 6 $244 $40,667
    Agriculture operations loans - $100-250k 4 $502 $125,500
    Agriculture operations loans - $250k-1MM 3 $464 $154,667