Farmers-merchants Bank & Trust Company Mortgage Rates, Fees & Info
Breaux Bridge, LALEI: 549300IB375I8TZ2FA87
Tax ID: 02-0182460
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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, New Orleans, Opelousas, Baton Rouge, and Lake Charles 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
165Origination Dollar Volume (All Markets)
$19,505,000Top 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) | 125 | $13,625,000 | $109,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $1,960,000 | $980,000 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 20 | $1,670,000 | $83,500 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 5 | $775,000 | $155,000 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $640,000 | $106,667 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 4 | $380,000 | $95,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| Morgan City, LA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Jennings, LA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 165 | $19,505,000 | $118,212 | $0 | 0.00% |
For 2022, Farmers-merchants Bank & Trust Company's most frequently originated type of loan was Conventional, with 165 originations.
Loan Reason
For 2022, Farmers-merchants Bank & Trust Company's most frequently cited loan purpose was Refi, with 83 originations. The 2nd most popular reason was Home Purchase, with 78 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 165 | $19,505,000 | $118,212 | $0 | 0.00% |
For 2022, Farmers-merchants Bank & Trust Company's most frequently cited loan duration was Other, with 165 originations.
Loan Sizing
2022 saw Farmers-merchants Bank & Trust Company place emphasis on $100,000 or less loans with 109 originations, totaling $5,575,000 in origination value.
Applicant Income
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 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 165 | $19,505,000 | $118,212 | $0 | 0.00% |
Farmers-merchants Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 165 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.09%
Farmers-merchants Bank & Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination81.21%
Farmers-merchants Bank & Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 165 | $19,505,000 | $118,212 |