The Farmers State Bank Mortgage Rates, Fees & Info
New Madison, OHLEI: 549300L8KOGOW7X6DY09
Tax ID: 34-4230590
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Farmers State Bank is a smaller bank specializing in Home Purchase and Refi loans. The Farmers State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Greenville, Dayton, Cincinnati, Cape Coral, and Wilmington among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)The Farmers State Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
179Origination Dollar Volume (All Markets)
$28,145,000Top 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 |
|---|---|---|---|---|---|
| Greenville, OH (FHA|USDA|VA) | 65 | $10,565,000 | $162,538 | $0 | 0.00% |
| Outside of Metro Areas | 68 | $9,270,000 | $136,324 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 31 | $5,305,000 | $171,129 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 0.00% |
| Wilmington, OH (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $0 | 0.00% |
| Sidney, OH (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Celina, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Richmond, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| MUNCIE, IN (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 | 179 | $28,145,000 | $157,235 | $0 | 0.00% |
For 2022, The Farmers State Bank's most frequently originated type of loan was Conventional, with 179 originations.
Loan Reason
For 2022, The Farmers State Bank's most frequently cited loan purpose was Home Purchase, with 101 originations. The 2nd most popular reason was Refi, with 40 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 179 | $28,145,000 | $157,235 | $0 | 0.00% |
For 2022, The Farmers State Bank's most frequently cited loan duration was Other, with 179 originations.
Loan Sizing
2022 saw The Farmers State Bank place emphasis on $100,000 or less loans with 67 originations, totaling $3,485,000 in origination value.
Applicant Income
The Farmers State Bank lent most frequently to those with incomes in the $50k-75k range, with 38 originations. The second most popular income band? $75k-100k, with 38 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 179 | $28,145,000 | $157,235 | $0 | 0.00% |
The Farmers State Bank lent most frequently to those with DTI ratios of Exempt%, with 179 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.43%
The Farmers State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination94.97%
The Farmers State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 179 | $28,145,000 | $157,235 |