Farmers And Merchants Bank Of Fowblesburg Maryland Mortgage Rates, Fees & Info

UPPERCO, MD

LEI: 549300MKTQIOL1FBNZ12

Tax ID: 52-0309630

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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 And Merchants Bank Of Fowblesburg Maryland is a smaller bank specializing in Home Purchase loans. Farmers And Merchants Bank Of Fowblesburg Maryland has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Baltimore, Salisbury, Gettysburg, Washington, and York among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Farmers And Merchants Bank Of Fowblesburg Maryland 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

    78

    Origination Dollar Volume (All Markets)

    $18,220,000

    Employee count

    78

    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
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 66 $16,190,000 $245,303 $0 0.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 6 $1,100,000 $183,333 $0 0.00%
    GETTYSBURG, PA (FHA|USDA|VA) 3 $405,000 $135,000 $0 0.00%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $320,000 $160,000 $0 0.00%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Farmers And Merchants Bank Of Fowblesburg Maryland's top markets include Baltimore, Salisbury, Gettysburg, Washington, and York among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 67 $15,845,000 $236,493 $0 0.00%
    FHA 8 $1,610,000 $201,250 $0 0.00%
    USDA 3 $765,000 $255,000 $0 0.00%

    For 2018, Farmers And Merchants Bank Of Fowblesburg Maryland's most frequently originated type of loan was Conventional, with 67 originations. Their 2nd most popular type was FHA, with 8 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 61 $14,185,000 $232,541 $0 0.00%
    Refi 9 $2,365,000 $262,778 $0 0.00%
    Cash Out Refi 6 $1,560,000 $260,000 $0 0.00%
    Other 2 $110,000 $55,000 $0 0.00%

    For 2018, Farmers And Merchants Bank Of Fowblesburg Maryland's most frequently cited loan purpose was Home Purchase, with 61 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 78 $18,220,000 $233,590 $0 0.00%

    For 2018, Farmers And Merchants Bank Of Fowblesburg Maryland's most frequently cited loan duration was Other, with 78 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 36 $9,960,000 $276,667 $0 0.00%
    $100k-200k 32 $4,790,000 $149,688 $0 0.00%
    $100,000 or less 5 $365,000 $73,000 $0 0.00%
    $400k-600k 4 $2,030,000 $507,500 $0 0.00%
    $1MM+ 1 $1,075,000 $1,075,000 $0 0.00%

    2018 saw Farmers And Merchants Bank Of Fowblesburg Maryland place emphasis on $200k-400k loans with 36 originations, totaling $9,960,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 23 $4,845,000 $210,652 $0 0.00%
    $100k-150k 12 $3,590,000 $299,167 $0 0.00%
    $50k or less 12 $1,510,000 $125,833 $0 0.00%
    $75k-100k 12 $3,040,000 $253,333 $0 0.00%
    $150k-250k 7 $1,315,000 $187,857 $0 0.00%
    $250k+ 1 $185,000 $185,000 $0 0.00%

    Farmers And Merchants Bank Of Fowblesburg Maryland lent most frequently to those with incomes in the $50k-75k range, with 23 originations. The second most popular income band? $100k-150k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 78 $18,220,000 $233,590 $0 0.00%

    Farmers And Merchants Bank Of Fowblesburg Maryland lent most frequently to those with DTI ratios of Exempt%, with 78 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 56 $11,890,000 $212,321 $0 0.00%
    Not applicable 11 $3,735,000 $339,545 $0 0.00%
    Not provided 4 $1,100,000 $275,000 $0 0.00%
    Black 5 $965,000 $193,000 $0 0.00%
    Asian 2 $530,000 $265,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.29%

    Farmers And Merchants Bank Of Fowblesburg Maryland has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.51%

    Farmers And Merchants Bank Of Fowblesburg Maryland has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 78 $18,220,000 $233,590

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $1,925,000 $641,667
    Single Family (1-4 Units):Site-Built 75 $16,295,000 $217,267

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Farmers and Merchants Bank 15226 Hanover Pike Upperco, MD 21155 Full Service B&M $121,203
    Farmers and Merchants Bank 2320 Hanover Pike Hampstead, MD 21074 Full Service Retail $28,266
    Farmers and Merchants Bank 25 Westminster Pike, P.O. Box 249 Reisterstown, MD 21136 Full Service B&M $55,923
    Farmers and Merchants Bank 275 Clifton Road Westminster, MD 21157 Full Service B&M $40,902
    Farmers and Merchants Bank 4730 Atrium Court Owings Mills, MD 21117 Full Service B&M $1,683
    Farmers and Merchants Bank 735 Hanover Pike Hampstead, MD 21074 Full Service B&M $51,779
    Farmers and Merchants Bank 9320 Lakeside Blvd, P.O. Box 409 Owings Mills, MD 21117 Full Service B&M $41,958

    For 2018, Farmers And Merchants Bank Of Fowblesburg Maryland had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,756
    Net interest income $15,249
    Total noninterest income $1,371
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $354
    Trading account gains and fees $0
    Additional Noninterest Income $1,017
    Pre-tax net operating income $4,730
    Securities gains (or losses, -) $-11
    Income before extraordinary items $3,615
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,615
    Minority interest net income $0
    Net income $3,615
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,623

    Farmers And Merchants Bank Of Fowblesburg Maryland's gross interest income from loans was $17,756,000.
    Farmers And Merchants Bank Of Fowblesburg Maryland's net interest income from loans was $15,249,000.
    Farmers And Merchants Bank Of Fowblesburg Maryland's fee based income from loans was $354,000.
    Farmers And Merchants Bank Of Fowblesburg Maryland's net income from loans was $3,615,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,507
    Provision for credit losses $475
    Total noninterest expense $11,415
    Salaries and employee benefits $6,508
    Premises and equipment expense $1,022
    Additional noninterest expense $3,885
    Applicable income taxes $1,104
    Net charge-offs $425
    Cash dividends $447

    Farmers And Merchants Bank Of Fowblesburg Maryland's interest expense for loans was $2,507,000.
    Farmers And Merchants Bank Of Fowblesburg Maryland's payroll and benefits expense were $6,508,000.
    Farmers And Merchants Bank Of Fowblesburg Maryland's property, plant and equipment expenses $1,022,000.

    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 $356,178
    Deposits held in domestic offices $356,178
    Deposits by Individuals, partnerships, and corporations $345,018
    Deposits by U.S. Government $3
    Deposits by States and political subdivisions in the U.S. $9,685
    Deposits by Commercial banks and other depository institutions in U.S. $1,472
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $119,125
    Demand deposits $81,688
    Nontransaction accounts $237,053
    Money market deposit accounts (MMDAs) $56,347
    Other savings deposits (excluding MMDAs) $43,564
    Total time deposits $137,142
    Total time and savings deposits $274,490
    Noninterest-bearing deposits $64,218
    Interest-bearing deposits $291,960
    Retail deposits $304,200
    IRAs and Keogh plan accounts $12,747
    Brokered deposits $28,643
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $417,944
    Cash & Balances due from depository institutions $11,627
    Interest-bearing balances $6,899
    Total securities $45,223
    Federal funds sold & reverse repurchase $2,882
    Net loans and leases $341,474
    Loan and leases loss allowance $2,509
    Trading account assets $0
    Bank premises and fixed assets $5,075
    Other real estate owned $210
    Goodwill and other intangibles $0
    All other assets $11,453

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $417,944
    Total Liabilities $373,165
    Total deposits $356,178
    Interest-bearing deposits $291,960
    Deposits held in domestic offices $356,178
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $11,012
    Trading liabilities $0
    Other borrowed funds $3,000
    Subordinated debt $0
    All other liabilities $2,975

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $341,474
    Loan and leases loss allowance $2,509
    Total loans and leases (domestic) $343,983
    All real estate loans $320,698
    Real estate loans in domestic offices $320,698
    Construction and development loans $16,051
    Residential 1-4 family construction $2,136
    Other construction, all land development and other land $13,915
    Loans secured by nonfarm nonresidential properties $238,834
    Nonfarm nonresidential secured by owner-occupied properties $64,963
    Commercial real estate & other non-farm, non-residential $173,871
    Multifamily residential real estate $24,992
    1-4 family residential loans $38,607
    Farmland loans $2,214
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $23,074
    To non-U.S. addressees $0
    Loans to individuals $415
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $10
    Other loans to individuals $405
    All other loans & leases $327
    Loans to foreign governments and official institutions $0
    Other loans $92
    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 $2,189
    Non 1-4 family restructured loans & leases $2,135
    Total loans and leases (foreign) $0

    Farmers and Merchants Bank Of Fowblesburg Maryland had $341,474,000 of loans outstanding in 2018. $320,698,000 of loans were in real estate loans. $16,051,000 of loans were in development loans. $24,992,000 of loans were in multifamily mortgage loans. $38,607,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $10,000 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 161 $51,667 $320,913
    Nonfarm, nonresidential loans - <$100k 11 $500 $45,455
    Nonfarm, nonresidential loans - $100-250k 46 $6,251 $135,891
    Nonfarm, nonresidential loans - $250k-1MM 104 $44,916 $431,885
    Commercial & Industrial, US addressed loans - <$1MM 119 $13,064 $109,782
    Commercial & Industrial, US addressed loans - <$100k 64 $2,319 $36,234
    Commercial & Industrial, US addressed loans - $100-250k 30 $3,322 $110,733
    Commercial & Industrial, US addressed loans - $250k-1MM 25 $7,423 $296,920
    Farmland loans - <$1MM 4 $672 $168,000
    Farmland loans - <$100k 1 $70 $70,000
    Farmland loans - $100-250k 1 $25 $25,000
    Farmland loans - $250k-1MM 2 $577 $288,500