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, Ada, North Port, and Hays among others. We have data for 7 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

142

Origination Dollar Volume (All Markets)

$20,680,000

Employee count

103

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)	60	$13,680,000	$228,000	$0	0.00%
Great Bend, KS (FHA\|USDA\|VA)	48	$3,070,000	$63,958	$0	0.00%
Outside of Metro Areas	30	$2,300,000	$76,667	$0	0.00%
Ada, OK (FHA\|USDA\|VA)	1	$755,000	$755,000	$0	0.00%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	1	$735,000	$735,000	$0	0.00%
Hays, KS (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	0.00%
Salina, KS (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	0.00%

Farmers Bank & Trust's top markets include Kansas City, Great Bend, Ada, North Port, and Hays among others.

Their top states include:

Kansas (FHA|USDA|VA)

Missouri (FHA|USDA|VA)

Oklahoma (FHA|USDA|VA)

Florida (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.

N C P D Federal Credit Union
Similarity Rank: 56

Liberty Bank for Savings
Similarity Rank: 85

Schuyler Savings Bank
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FIDELITY SAVINGS AND LOAN ASSOCIATION OF BUCKS COUNTY
Similarity Rank: 122

Citizens Savings and Loan Association, FSB
Similarity Rank: 141

Union County Savings Bank
Similarity Rank: 150

MAINSTREET FEDERAL CREDIT UNION
Similarity Rank: 160

Prudential Bank
Similarity Rank: 162

POWER FINANCIAL
Similarity Rank: 188

GARDEN SAVINGS FEDERAL CREDIT UNION
Similarity Rank: 192

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	127	$19,315,000	$152,087	$0	0.00%
USDA	15	$1,365,000	$91,000	$0	0.00%

For 2019, Farmers Bank & Trust's most frequently originated type of loan was Conventional, with 127 originations. Their 2nd most popular type was USDA, with 15 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	104	$14,440,000	$138,846	$0	0.00%
Refi	31	$5,585,000	$180,161	$0	0.00%
Home Improvement	4	$440,000	$110,000	$0	0.00%
Cash Out Refi	3	$215,000	$71,667	$0	0.00%

For 2019, Farmers Bank & Trust's most frequently cited loan purpose was Home Purchase, with 104 originations. The 2nd most popular reason was Refi, with 31 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	142	$20,680,000	$145,634	$0	0.00%

For 2019, Farmers Bank & Trust's most frequently cited loan duration was Other, with 142 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	83	$4,565,000	$55,000	$0	0.00%
$100k-200k	31	$4,365,000	$140,806	$0	0.00%
$200k-400k	22	$6,220,000	$282,727	$0	0.00%
$1MM+	2	$3,180,000	$1,590,000	$0	0.00%
$400k-600k	2	$860,000	$430,000	$0	0.00%
$600k-1MM	2	$1,490,000	$745,000	$0	0.00%

2019 saw Farmers Bank & Trust place emphasis on $100,000 or less loans with 83 originations, totaling $4,565,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	29	$1,575,000	$54,310	$0	0.00%
$50k-75k	28	$1,890,000	$67,500	$0	0.00%
$100k-150k	11	$1,745,000	$158,636	$0	0.00%
$75k-100k	6	$650,000	$108,333	$0	0.00%
$250k+	5	$1,175,000	$235,000	$0	0.00%
$150k-250k	3	$335,000	$111,667	$0	0.00%

Farmers Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 29 originations. The second most popular income band? $50k-75k, with 28 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	142	$20,680,000	$145,634	$0	0.00%

Farmers Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 142 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	57	$12,335,000	$216,404	$0	0.00%
White	84	$7,900,000	$94,048	$0	0.00%
Not provided	1	$445,000	$445,000	$0	0.00%

Approval Rates

Total approvals of all applications
88.30%

Farmers Bank & Trust has an average approval rate.

Pick Rate

Approvals leading to origination
93.66%

Farmers Bank & Trust has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	142	$20,680,000	$145,634

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	15	$4,485,000	$299,000
Single Family (1-4 Units):Manufactured	2	$70,000	$35,000
Single Family (1-4 Units):Site-Built	125	$16,125,000	$129,000

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Farmers Bank & Trust	102 West 6th Street Larned, KS 67550	Full Service B&M	$30,404
Farmers Bank & Trust	108 South Main Street Bazine, KS 67516	Full Service B&M	$18,880
Farmers Bank & Trust	1017 Harrison Street Great Bend, KS 67530	Full Service B&M	$381,963
Farmers Bank & Trust	14231 Metcalf Avenue Overland Park, KS 66223	Full Service B&M	$41,640
Farmers Bank & Trust	15325 South Lone Elm Road Olathe, KS 66061	Full Service B&M	$3,946
Farmers Bank & Trust	1612 Main Street Great Bend, KS 67530	Full Service B&M	$4,668
Farmers Bank & Trust	616 Colony Avenue Kinsley, KS 67547	Full Service B&M	$31,849
Farmers Bank & Trust	820 Main Street La Crosse, KS 67548	Full Service B&M	$39,886
Farmers Bank & Trust	Second Avenue And Main Street Albert, KS 67511	Full Service B&M	$18,290

For 2019, Farmers Bank & Trust had 9 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$35,695
Net interest income	$25,516
Total noninterest income	$3,249
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,037
Trading account gains and fees	$0
Additional Noninterest Income	$2,212
Pre-tax net operating income	$15,952
Securities gains (or losses, -)	$-1,361
Income before extraordinary items	$13,893
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$13,893
Minority interest net income	$0
Net income	$13,893
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$15,185

Farmers Bank & Trust's gross interest income from loans was $35,695,000.
Farmers Bank & Trust's net interest income from loans was $25,516,000.
Farmers Bank & Trust's fee based income from loans was $1,037,000.
Farmers Bank & Trust's net income from loans was $13,893,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$10,179
Provision for credit losses	$0
Total noninterest expense	$12,813
Salaries and employee benefits	$7,623
Premises and equipment expense	$1,366
Additional noninterest expense	$3,824
Applicable income taxes	$698
Net charge-offs	$-539
Cash dividends	$3,471

Farmers Bank & Trust's interest expense for loans was $10,179,000.
Farmers Bank & Trust's payroll and benefits expense were $7,623,000.
Farmers Bank & Trust's property, plant and equipment expenses $1,366,000.

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	$567,255
Deposits held in domestic offices	$567,255
Deposits by Individuals, partnerships, and corporations	$427,196
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$127,289
Deposits by Commercial banks and other depository institutions in U.S.	$12,770
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$72,422
Demand deposits	$46,357
Nontransaction accounts	$494,833
Money market deposit accounts (MMDAs)	$75,178
Other savings deposits (excluding MMDAs)	$150,006
Total time deposits	$269,649
Total time and savings deposits	$520,898
Noninterest-bearing deposits	$25,313
Interest-bearing deposits	$541,942
Retail deposits	$378,549
IRAs and Keogh plan accounts	$12,635
Brokered deposits	$154,435
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$872,778
Cash & Balances due from depository institutions	$15,785
Interest-bearing balances	$6,008
Total securities	$464,828
Federal funds sold & reverse repurchase	$0
Net loans and leases	$351,109
Loan and leases loss allowance	$4,782
Trading account assets	$0
Bank premises and fixed assets	$3,909
Other real estate owned	$4,523
Goodwill and other intangibles	$696
All other assets	$31,928

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$872,778
Total Liabilities	$702,837
Total deposits	$567,255
Interest-bearing deposits	$541,942
Deposits held in domestic offices	$567,255
% insured (estimated)	$85
Federal funds purchased and repurchase agreements	$170
Trading liabilities	$0
Other borrowed funds	$131,816
Subordinated debt	$0
All other liabilities	$3,596

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$351,109
Loan and leases loss allowance	$4,782
Total loans and leases (domestic)	$355,891
All real estate loans	$244,773
Real estate loans in domestic offices	$244,773
Construction and development loans	$43,998
Residential 1-4 family construction	$22,745
Other construction, all land development and other land	$21,253
Loans secured by nonfarm nonresidential properties	$74,042
Nonfarm nonresidential secured by owner-occupied properties	$26,868
Commercial real estate & other non-farm, non-residential	$47,174
Multifamily residential real estate	$13,766
1-4 family residential loans	$53,440
Farmland loans	$59,527
Loans held in foreign offices	$0
Farm loans	$38,899
Commercial and industrial loans	$17,373
To non-U.S. addressees	$0
Loans to individuals	$1,980
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$1,527
Other loans to individuals	$453
All other loans & leases	$52,866
Loans to foreign governments and official institutions	$0
Other loans	$47,201
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	$4,414
Non 1-4 family restructured loans & leases	$4,191
Total loans and leases (foreign)	$0

Farmers Bank & Trust had $351,109,000 of loans outstanding in 2019. $244,773,000 of loans were in real estate loans. $43,998,000 of loans were in development loans. $13,766,000 of loans were in multifamily mortgage loans. $53,440,000 of loans were in 1-4 family mortgage loans. $38,899,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,527,000 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	177	$28,938	$163,492
Nonfarm, nonresidential loans - <$100k	72	$2,812	$39,056
Nonfarm, nonresidential loans - $100-250k	53	$6,599	$124,509
Nonfarm, nonresidential loans - $250k-1MM	52	$19,527	$375,519
Commercial & Industrial, US addressed loans - <$1MM	278	$15,924	$57,281
Commercial & Industrial, US addressed loans - <$100k	188	$4,722	$25,117
Commercial & Industrial, US addressed loans - $100-250k	59	$4,612	$78,169
Commercial & Industrial, US addressed loans - $250k-1MM	31	$6,590	$212,581
Farmland loans - <$1MM	399	$39,882	$99,955
Farmland loans - <$100k	215	$7,539	$35,065
Farmland loans - $100-250k	112	$14,985	$133,795
Farmland loans - $250k-1MM	72	$17,358	$241,083
Agriculture operations loans - <$1MM	356	$16,189	$45,475
Agriculture operations loans - <$100k	292	$6,670	$22,842
Agriculture operations loans - $100-250k	42	$4,009	$95,452
Agriculture operations loans - $250k-1MM	22	$5,510	$250,455