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, Lake Charles, Morgan City, and New Orleans among others. We have data for 9 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

    193

    Origination Dollar Volume (All Markets)

    $22,755,000

    Employee count

    90

    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) 157 $18,345,000 $116,847 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 20 $1,680,000 $84,000 $0 0.00%
    LAKE CHARLES, LA (FHA|USDA|VA) 7 $965,000 $137,857 $0 0.00%
    Morgan City, LA (FHA|USDA|VA) 1 $585,000 $585,000 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $440,000 $220,000 $0 0.00%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 3 $205,000 $68,333 $0 0.00%
    Outside of Metro Areas 1 $175,000 $175,000 $0 0.00%
    Jennings, LA (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Farmers-merchants Bank & Trust Company's top markets include Lafayette, Opelousas, Lake Charles, Morgan City, and New Orleans among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 193 $22,755,000 $117,902 $0 0.00%

    For 2021, Farmers-merchants Bank & Trust Company's most frequently originated type of loan was Conventional, with 193 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 99 $9,655,000 $97,525 $0 0.00%
    Refi 87 $12,585,000 $144,655 $0 0.00%
    Home Improvement 4 $460,000 $115,000 $0 0.00%
    Other 3 $55,000 $18,333 $0 0.00%

    For 2021, Farmers-merchants Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 99 originations. The 2nd most popular reason was Refi, with 87 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 193 $22,755,000 $117,902 $0 0.00%

    For 2021, Farmers-merchants Bank & Trust Company's most frequently cited loan duration was Other, with 193 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 125 $6,075,000 $48,600 $0 0.00%
    $100k-200k 45 $6,135,000 $136,333 $0 0.00%
    $200k-400k 18 $4,970,000 $276,111 $0 0.00%
    $400k-600k 4 $1,950,000 $487,500 $0 0.00%
    $1MM+ 1 $3,625,000 $3,625,000 $0 0.00%

    2021 saw Farmers-merchants Bank & Trust Company place emphasis on $100,000 or less loans with 125 originations, totaling $6,075,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 33 $1,315,000 $39,848 $0 0.00%
    $100k-150k 16 $1,880,000 $117,500 $0 0.00%
    $75k-100k 15 $975,000 $65,000 $0 0.00%
    $50k-75k 13 $615,000 $47,308 $0 0.00%
    $150k-250k 9 $1,055,000 $117,222 $0 0.00%
    $250k+ 2 $680,000 $340,000 $0 0.00%

    Farmers-merchants Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 33 originations. The second most popular income band? $100k-150k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 193 $22,755,000 $117,902 $0 0.00%

    Farmers-merchants Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 193 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 102 $15,430,000 $151,275 $0 0.00%
    White 61 $4,975,000 $81,557 $0 0.00%
    Black 24 $1,820,000 $75,833 $0 0.00%
    Other Asian 1 $215,000 $215,000 $0 0.00%
    Asian 3 $165,000 $55,000 $0 0.00%
    American Indian 1 $115,000 $115,000 $0 0.00%
    Not provided 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.65%

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

    Pick Rate

    Approvals leading to origination
    86.01%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 193 $22,755,000 $117,902

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    193 $22,755,000 $117,902

    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 $134,698
    Farmers-Merchants Bank & Trust Company 1525 Ambassador Caffery Parkway Lafayette, LA 70506 Full Service B&M $24,844
    Farmers-Merchants Bank & Trust Company 2110 West Pinhook Road Lafayette, LA 70508 Full Service B&M $27,176
    Farmers-Merchants Bank & Trust Company 2829 Grand Point Highway Breaux Bridge, LA 70517 Full Service B&M $67,111
    Farmers-Merchants Bank & Trust Company 929 Rees St Breaux Bridge, LA 70517 Full Service B&M $71,707
    Farmers-Merchants Bank & Trust Company Wilkins And Neblet Streets Arnaudville, LA 70512 Full Service B&M $27,756

    For 2021, Farmers-merchants Bank & Trust Company had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,858
    Net interest income $13,986
    Total noninterest income $3,867
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $579
    Trading account gains and fees $0
    Additional Noninterest Income $3,288
    Pre-tax net operating income $5,705
    Securities gains (or losses, -) $18
    Income before extraordinary items $5,723
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,723
    Minority interest net income $0
    Net income $5,723
    Sale, conversion, retirement of capital stock, net $-364
    Net operating income $5,705

    Farmers-merchants Bank & Trust Company's gross interest income from loans was $14,858,000.
    Farmers-merchants Bank & Trust Company's net interest income from loans was $13,986,000.
    Farmers-merchants Bank & Trust Company's fee based income from loans was $579,000.
    Farmers-merchants Bank & Trust Company's net income from loans was $5,723,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $872
    Provision for credit losses $875
    Total noninterest expense $11,273
    Salaries and employee benefits $6,567
    Premises and equipment expense $1,257
    Additional noninterest expense $3,449
    Applicable income taxes $0
    Net charge-offs $779
    Cash dividends $3,765

    Farmers-merchants Bank & Trust Company's interest expense for loans was $872,000.
    Farmers-merchants Bank & Trust Company's payroll and benefits expense were $6,567,000.
    Farmers-merchants Bank & Trust Company's property, plant and equipment expenses $1,257,000.

    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 1.0%
    Nonfarm, nonresidential loans 3.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 3.0%
    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 $356,384
    Deposits held in domestic offices $356,384
    Deposits by Individuals, partnerships, and corporations $320,408
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $35,976
    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 $217,017
    Demand deposits $115,299
    Nontransaction accounts $139,367
    Money market deposit accounts (MMDAs) $11,452
    Other savings deposits (excluding MMDAs) $74,133
    Total time deposits $53,782
    Total time and savings deposits $241,085
    Noninterest-bearing deposits $116,208
    Interest-bearing deposits $240,176
    Retail deposits $341,197
    IRAs and Keogh plan accounts $10,859
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $403,934
    Cash & Balances due from depository institutions $93,715
    Interest-bearing balances $88,269
    Total securities $66,260
    Federal funds sold & reverse repurchase $250
    Net loans and leases $224,665
    Loan and leases loss allowance $3,505
    Trading account assets $0
    Bank premises and fixed assets $7,468
    Other real estate owned $205
    Goodwill and other intangibles $0
    All other assets $11,371

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $403,934
    Total Liabilities $356,866
    Total deposits $356,384
    Interest-bearing deposits $240,176
    Deposits held in domestic offices $356,384
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $482

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $224,665
    Loan and leases loss allowance $3,505
    Total loans and leases (domestic) $228,170
    All real estate loans $190,722
    Real estate loans in domestic offices $190,722
    Construction and development loans $35,934
    Residential 1-4 family construction $11,610
    Other construction, all land development and other land $24,324
    Loans secured by nonfarm nonresidential properties $99,033
    Nonfarm nonresidential secured by owner-occupied properties $16,104
    Commercial real estate & other non-farm, non-residential $82,929
    Multifamily residential real estate $3,998
    1-4 family residential loans $49,359
    Farmland loans $2,398
    Loans held in foreign offices $0
    Farm loans $2,521
    Commercial and industrial loans $16,748
    To non-U.S. addressees $0
    Loans to individuals $15,237
    Credit card loans $0
    Related Plans $10
    Consumer Auto Loans $659
    Other loans to individuals $14,568
    All other loans & leases $2,942
    Loans to foreign governments and official institutions $0
    Other loans $2,942
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $267
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $4,203
    Non 1-4 family restructured loans & leases $4,159
    Total loans and leases (foreign) $0

    Farmers-Merchants Bank & Trust Company had $224,665,000 of loans outstanding in 2021. $190,722,000 of loans were in real estate loans. $35,934,000 of loans were in development loans. $3,998,000 of loans were in multifamily mortgage loans. $49,359,000 of loans were in 1-4 family mortgage loans. $2,521,000 of loans were in farm loans. $0 of loans were in credit card loans. $659,000 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 176 $40,625 $230,824
    Nonfarm, nonresidential loans - <$100k 47 $1,870 $39,787
    Nonfarm, nonresidential loans - $100-250k 48 $5,948 $123,917
    Nonfarm, nonresidential loans - $250k-1MM 81 $32,807 $405,025
    Commercial & Industrial, US addressed loans - <$1MM 171 $12,680 $74,152
    Commercial & Industrial, US addressed loans - <$100k 125 $4,479 $35,832
    Commercial & Industrial, US addressed loans - $100-250k 30 $3,581 $119,367
    Commercial & Industrial, US addressed loans - $250k-1MM 16 $4,620 $288,750
    Farmland loans - <$1MM 9 $876 $97,333
    Farmland loans - <$100k 5 $144 $28,800
    Farmland loans - $100-250k 3 $453 $151,000
    Farmland loans - $250k-1MM 1 $279 $279,000
    Agriculture operations loans - <$1MM 12 $1,090 $90,833
    Agriculture operations loans - <$100k 2 $39 $19,500
    Agriculture operations loans - $100-250k 7 $899 $128,429
    Agriculture operations loans - $250k-1MM 3 $152 $50,667