Farmers Bank & Trust Mortgage Rates, Fees & Info

Great Bend, KS

LEI: 549300LLESTPOVRG3X73

Tax ID: 48-0216340

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

Review & Overview

Farmers Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Farmers Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Great Bend, Wichita, Liberal, and Manhattan among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Farmers Bank & Trust has an average approval rate when compared to the average across all lenders. They have an 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

157

Origination Dollar Volume (All Markets)

$17,855,000

Employee count

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
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	64	$10,310,000	$161,094	$0	0.00%
Great Bend, KS (FHA\|USDA\|VA)	51	$4,085,000	$80,098	$0	0.00%
Outside of Metro Areas	34	$2,330,000	$68,529	$0	0.00%
WICHITA, KS (FHA\|USDA\|VA)	2	$350,000	$175,000	$0	0.00%
Liberal, KS (FHA\|USDA\|VA)	1	$255,000	$255,000	$0	0.00%
MANHATTAN, KS (FHA\|USDA\|VA)	1	$225,000	$225,000	$0	0.00%
Hays, KS (FHA\|USDA\|VA)	2	$150,000	$75,000	$0	0.00%
Garden City, KS (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	0.00%
TOPEKA, KS (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	0.00%

Farmers Bank & Trust's top markets include Kansas City, Great Bend, Wichita, Liberal, and Manhattan among others.

Their top states include:

Kansas (FHA|USDA|VA)

Missouri (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against Farmers Bank & Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

UNITED
Similarity Rank: 28

N C P D Federal Credit Union
Similarity Rank: 55

McCoy Federal Credit Union
Similarity Rank: 60

Iron Workers Savings Bank
Similarity Rank: 63

Bogota Savings Bank
Similarity Rank: 63

Union County Savings Bank
Similarity Rank: 66

MAINSTREET FEDERAL CREDIT UNION
Similarity Rank: 68

GARDEN SAVINGS FEDERAL CREDIT UNION
Similarity Rank: 80

FRONTWAVE
Similarity Rank: 92

Liberty Bank for Savings
Similarity Rank: 104

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	146	$16,880,000	$115,616	$0	0.00%
USDA	11	$975,000	$88,636	$0	0.00%

For 2018, Farmers Bank & Trust's most frequently originated type of loan was Conventional, with 146 originations. Their 2nd most popular type was USDA, with 11 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	100	$11,410,000	$114,100	$0	0.00%
Refi	47	$4,745,000	$100,957	$0	0.00%
Home Improvement	6	$1,310,000	$218,333	$0	0.00%
Cash Out Refi	3	$375,000	$125,000	$0	0.00%
Other	1	$15,000	$15,000	$0	0.00%

For 2018, Farmers Bank & Trust's most frequently cited loan purpose was Home Purchase, with 100 originations. The 2nd most popular reason was Refi, with 47 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	157	$17,855,000	$113,726	$0	0.00%

For 2018, Farmers Bank & Trust's most frequently cited loan duration was Other, with 157 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	98	$5,650,000	$57,653	$0	0.00%
$100k-200k	33	$4,485,000	$135,909	$0	0.00%
$200k-400k	23	$5,685,000	$247,174	$0	0.00%
$400k-600k	2	$1,030,000	$515,000	$0	0.00%
$1MM+	1	$1,005,000	$1,005,000	$0	0.00%

2018 saw Farmers Bank & Trust place emphasis on $100,000 or less loans with 98 originations, totaling $5,650,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	31	$1,585,000	$51,129	$0	0.00%
$50k-75k	22	$1,650,000	$75,000	$0	0.00%
$100k-150k	18	$2,050,000	$113,889	$0	0.00%
$150k-250k	11	$1,665,000	$151,364	$0	0.00%
$75k-100k	6	$450,000	$75,000	$0	0.00%
$250k+	3	$235,000	$78,333	$0	0.00%

Farmers Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 31 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%	157	$17,855,000	$113,726	$0	0.00%

Farmers Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 157 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	63	$10,135,000	$160,873	$0	0.00%
White	89	$7,045,000	$79,157	$0	0.00%
Not provided	3	$445,000	$148,333	$0	0.00%
Asian Indian	1	$165,000	$165,000	$0	0.00%
American Indian	1	$65,000	$65,000	$0	0.00%

Approval Rates

Total approvals of all applications
87.63%

Farmers Bank & Trust has an average approval rate.

Pick Rate

Approvals leading to origination
91.72%

Farmers Bank & Trust has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	157	$17,855,000	$113,726

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	10	$1,670,000	$167,000
Single Family (1-4 Units):Manufactured	1	$35,000	$35,000
Single Family (1-4 Units):Site-Built	146	$16,150,000	$110,616

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Farmers Bank & Trust	1017 Harrison Street Great Bend, KS 67530	Full Service B&M	$338,325
Farmers Bank & Trust	102 West 6th Street Larned, KS 67550	Full Service B&M	$31,105
Farmers Bank & Trust	108 South Main Street Bazine, KS 67516	Full Service B&M	$18,498
Farmers Bank & Trust	14231 Metcalf Avenue Overland Park, KS 66223	Full Service B&M	$36,630
Farmers Bank & Trust	15325 South Lone Elm Road Olathe, KS 66061	Full Service B&M	$2,948
Farmers Bank & Trust	1612 Main Street Great Bend, KS 67530	Full Service B&M	$4,218
Farmers Bank & Trust	616 Colony Avenue Kinsley, KS 67547	Full Service B&M	$33,206
Farmers Bank & Trust	820 Main Street La Crosse, KS 67548	Full Service B&M	$40,373
Farmers Bank & Trust	Second Avenue And Main Street Albert, KS 67511	Full Service B&M	$18,919

For 2018, Farmers Bank & Trust had 9 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$31,998
Net interest income	$24,730
Total noninterest income	$2,943
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,108
Trading account gains and fees	$0
Additional Noninterest Income	$1,835
Pre-tax net operating income	$15,645
Securities gains (or losses, -)	$322
Income before extraordinary items	$15,326
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$15,326
Minority interest net income	$0
Net income	$15,326
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$15,016

Farmers Bank & Trust's gross interest income from loans was $31,998,000.
Farmers Bank & Trust's net interest income from loans was $24,730,000.
Farmers Bank & Trust's fee based income from loans was $1,108,000.
Farmers Bank & Trust's net income from loans was $15,326,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$7,268
Provision for credit losses	$0
Total noninterest expense	$12,028
Salaries and employee benefits	$7,242
Premises and equipment expense	$1,349
Additional noninterest expense	$3,437
Applicable income taxes	$641
Net charge-offs	$-67
Cash dividends	$4,170

Farmers Bank & Trust's interest expense for loans was $7,268,000.
Farmers Bank & Trust's payroll and benefits expense were $7,242,000.
Farmers Bank & Trust's property, plant and equipment expenses $1,349,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	0.0%
Real Estate loans	0.0%
Construction & Land Development loans	0.0%
Nonfarm, nonresidential loans	0.0%
Multifamily residential loans	0.0%
1-4 family residential loans	0.0%
HELOC loans	0.0%
All other family	0.0%
Commercial & industrial loans	0.0%
Personal loans	0.0%
Credit card loans	0.0%
Other individual loans	0.0%
Auto loans	0.0%
Other consumer loans	0.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$570,564
Deposits held in domestic offices	$570,564
Deposits by Individuals, partnerships, and corporations	$461,822
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$100,612
Deposits by Commercial banks and other depository institutions in U.S.	$8,130
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$70,648
Demand deposits	$43,168
Nontransaction accounts	$499,916
Money market deposit accounts (MMDAs)	$76,061
Other savings deposits (excluding MMDAs)	$147,251
Total time deposits	$276,604
Total time and savings deposits	$527,396
Noninterest-bearing deposits	$26,902
Interest-bearing deposits	$543,662
Retail deposits	$370,019
IRAs and Keogh plan accounts	$12,796
Brokered deposits	$176,382
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$815,191
Cash & Balances due from depository institutions	$14,969
Interest-bearing balances	$5,009
Total securities	$459,366
Federal funds sold & reverse repurchase	$0
Net loans and leases	$300,128
Loan and leases loss allowance	$4,243
Trading account assets	$0
Bank premises and fixed assets	$4,045
Other real estate owned	$4,802
Goodwill and other intangibles	$696
All other assets	$31,185

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$815,191
Total Liabilities	$664,905
Total deposits	$570,564
Interest-bearing deposits	$543,662
Deposits held in domestic offices	$570,564
% insured (estimated)	$88
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$91,560
Subordinated debt	$0
All other liabilities	$2,781

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$300,128
Loan and leases loss allowance	$4,243
Total loans and leases (domestic)	$304,371
All real estate loans	$250,561
Real estate loans in domestic offices	$250,561
Construction and development loans	$37,857
Residential 1-4 family construction	$18,117
Other construction, all land development and other land	$19,740
Loans secured by nonfarm nonresidential properties	$68,427
Nonfarm nonresidential secured by owner-occupied properties	$22,322
Commercial real estate & other non-farm, non-residential	$46,105
Multifamily residential real estate	$18,581
1-4 family residential loans	$55,674
Farmland loans	$70,022
Loans held in foreign offices	$0
Farm loans	$29,644
Commercial and industrial loans	$17,698
To non-U.S. addressees	$0
Loans to individuals	$2,109
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$1,701
Other loans to individuals	$408
All other loans & leases	$4,359
Loans to foreign governments and official institutions	$0
Other loans	$538
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$0
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$4,291
Non 1-4 family restructured loans & leases	$4,050
Total loans and leases (foreign)	$0

Farmers Bank & Trust had $300,128,000 of loans outstanding in 2018. $250,561,000 of loans were in real estate loans. $37,857,000 of loans were in development loans. $18,581,000 of loans were in multifamily mortgage loans. $55,674,000 of loans were in 1-4 family mortgage loans. $29,644,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,701,000 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	175	$26,152	$149,440
Nonfarm, nonresidential loans - <$100k	75	$2,941	$39,213
Nonfarm, nonresidential loans - $100-250k	50	$5,763	$115,260
Nonfarm, nonresidential loans - $250k-1MM	50	$17,448	$348,960
Commercial & Industrial, US addressed loans - <$1MM	283	$14,632	$51,703
Commercial & Industrial, US addressed loans - <$100k	194	$4,234	$21,825
Commercial & Industrial, US addressed loans - $100-250k	60	$4,827	$80,450
Commercial & Industrial, US addressed loans - $250k-1MM	29	$5,571	$192,103
Farmland loans - <$1MM	417	$39,820	$95,492
Farmland loans - <$100k	226	$8,407	$37,199
Farmland loans - $100-250k	120	$14,929	$124,408
Farmland loans - $250k-1MM	71	$16,484	$232,169
Agriculture operations loans - <$1MM	366	$15,742	$43,011
Agriculture operations loans - <$100k	304	$6,509	$21,411
Agriculture operations loans - $100-250k	41	$4,279	$104,366
Agriculture operations loans - $250k-1MM	21	$4,954	$235,905