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 Refi, Home Purchase, and Cash Out Refi loans. Farmers And Merchants Bank Of Fowblesburg Maryland has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Baltimore, Washington, York, Salisbury, and Gettysburg among others. We have data for 8 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

    211

    Origination Dollar Volume (All Markets)

    $60,465,000

    Employee count

    95

    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) 184 $53,310,000 $289,728 $0 0.00%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 8 $2,840,000 $355,000 $0 0.00%
    YORK-HANOVER, PA (FHA|USDA|VA) 8 $1,430,000 $178,750 $0 0.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 5 $1,065,000 $213,000 $0 0.00%
    GETTYSBURG, PA (FHA|USDA|VA) 3 $615,000 $205,000 $0 0.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
    Easton, MD (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
    Farmers And Merchants Bank Of Fowblesburg Maryland's top markets include Baltimore, Washington, York, Salisbury, and Gettysburg 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 205 $59,095,000 $288,268 $0 0.00%
    USDA 5 $1,125,000 $225,000 $0 0.00%
    VA 1 $245,000 $245,000 $0 0.00%

    For 2020, Farmers And Merchants Bank Of Fowblesburg Maryland's most frequently originated type of loan was Conventional, with 205 originations. Their 2nd most popular type was USDA, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 98 $29,060,000 $296,531 $0 0.00%
    Home Purchase 67 $17,905,000 $267,239 $0 0.00%
    Cash Out Refi 44 $12,980,000 $295,000 $0 0.00%
    Home Improvement 1 $265,000 $265,000 $0 0.00%
    Other 1 $255,000 $255,000 $0 0.00%

    For 2020, Farmers And Merchants Bank Of Fowblesburg Maryland's most frequently cited loan purpose was Refi, with 98 originations. The 2nd most popular reason was Home Purchase, with 67 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 211 $60,465,000 $286,564 $0 0.00%

    For 2020, Farmers And Merchants Bank Of Fowblesburg Maryland's most frequently cited loan duration was Other, with 211 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 123 $35,285,000 $286,870 $0 0.00%
    $100k-200k 49 $7,655,000 $156,224 $0 0.00%
    $400k-600k 32 $14,660,000 $458,125 $0 0.00%
    $100,000 or less 4 $300,000 $75,000 $0 0.00%
    $600k-1MM 2 $1,360,000 $680,000 $0 0.00%
    $1MM+ 1 $1,205,000 $1,205,000 $0 0.00%

    2020 saw Farmers And Merchants Bank Of Fowblesburg Maryland place emphasis on $200k-400k loans with 123 originations, totaling $35,285,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 58 $17,990,000 $310,172 $0 0.00%
    $150k-250k 40 $14,270,000 $356,750 $0 0.00%
    $75k-100k 32 $8,110,000 $253,438 $0 0.00%
    $50k-75k 27 $6,125,000 $226,852 $0 0.00%
    $50k or less 13 $2,015,000 $155,000 $0 0.00%
    $250k+ 9 $3,295,000 $366,111 $0 0.00%

    Farmers And Merchants Bank Of Fowblesburg Maryland lent most frequently to those with incomes in the $100k-150k range, with 58 originations. The second most popular income band? $150k-250k, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 211 $60,465,000 $286,564 $0 0.00%

    Farmers And Merchants Bank Of Fowblesburg Maryland lent most frequently to those with DTI ratios of Exempt%, with 211 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 147 $41,995,000 $285,680 $0 0.00%
    Not provided 32 $9,420,000 $294,375 $0 0.00%
    Not applicable 23 $6,315,000 $274,565 $0 0.00%
    Black 2 $810,000 $405,000 $0 0.00%
    Asian Indian 2 $730,000 $365,000 $0 0.00%
    Asian 2 $590,000 $295,000 $0 0.00%
    American Indian 2 $350,000 $175,000 $0 0.00%
    Other Asian 1 $255,000 $255,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.38%

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

    Pick Rate

    Approvals leading to origination
    81.99%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 211 $60,465,000 $286,564

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $3,620,000 $603,333
    Single Family (1-4 Units):Site-Built 205 $56,845,000 $277,293

    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 $151,393
    Farmers and Merchants Bank 205 St. Mark Way Westminster, MD 21158 Full Service B&M $7,180
    Farmers and Merchants Bank 2320 Hanover Pike Hampstead, MD 21074 Full Service Retail $35,306
    Farmers and Merchants Bank 25 Westminster Pike, P.O. Box 249 Reisterstown, MD 21136 Full Service B&M $67,225
    Farmers and Merchants Bank 275 Clifton Road Westminster, MD 21157 Full Service B&M $52,801
    Farmers and Merchants Bank 4730 Atrium Court Owings Mills, MD 21117 Full Service B&M $1,520
    Farmers and Merchants Bank 735 Hanover Pike Hampstead, MD 21074 Full Service B&M $61,042
    Farmers and Merchants Bank 9320 Lakeside Blvd, P.O. Box 409 Owings Mills, MD 21117 Full Service B&M $56,512

    For 2020, Farmers And Merchants Bank Of Fowblesburg Maryland had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,760
    Net interest income $17,485
    Total noninterest income $2,046
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $247
    Trading account gains and fees $0
    Additional Noninterest Income $1,799
    Pre-tax net operating income $2,281
    Securities gains (or losses, -) $10
    Income before extraordinary items $1,770
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,770
    Minority interest net income $0
    Net income $1,770
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,762

    Farmers And Merchants Bank Of Fowblesburg Maryland's gross interest income from loans was $20,760,000.
    Farmers And Merchants Bank Of Fowblesburg Maryland's net interest income from loans was $17,485,000.
    Farmers And Merchants Bank Of Fowblesburg Maryland's fee based income from loans was $247,000.
    Farmers And Merchants Bank Of Fowblesburg Maryland's net income from loans was $1,770,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,275
    Provision for credit losses $625
    Total noninterest expense $16,625
    Salaries and employee benefits $9,484
    Premises and equipment expense $1,142
    Additional noninterest expense $5,999
    Applicable income taxes $521
    Net charge-offs $-78
    Cash dividends $8,530

    Farmers And Merchants Bank Of Fowblesburg Maryland's interest expense for loans was $3,275,000.
    Farmers And Merchants Bank Of Fowblesburg Maryland's payroll and benefits expense were $9,484,000.
    Farmers And Merchants Bank Of Fowblesburg Maryland's property, plant and equipment expenses $1,142,000.

    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 1.0%
    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 $575,852
    Deposits held in domestic offices $575,852
    Deposits by Individuals, partnerships, and corporations $551,051
    Deposits by U.S. Government $3
    Deposits by States and political subdivisions in the U.S. $23,178
    Deposits by Commercial banks and other depository institutions in U.S. $1,620
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $211,192
    Demand deposits $143,613
    Nontransaction accounts $364,660
    Money market deposit accounts (MMDAs) $85,918
    Other savings deposits (excluding MMDAs) $80,799
    Total time deposits $197,943
    Total time and savings deposits $432,239
    Noninterest-bearing deposits $103,428
    Interest-bearing deposits $472,424
    Retail deposits $520,773
    IRAs and Keogh plan accounts $20,325
    Brokered deposits $16,284
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $678,404
    Cash & Balances due from depository institutions $40,893
    Interest-bearing balances $23,856
    Total securities $78,108
    Federal funds sold & reverse repurchase $680
    Net loans and leases $523,364
    Loan and leases loss allowance $3,296
    Trading account assets $0
    Bank premises and fixed assets $8,979
    Other real estate owned $1,412
    Goodwill and other intangibles $7,059
    All other assets $17,909

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $678,404
    Total Liabilities $610,558
    Total deposits $575,852
    Interest-bearing deposits $472,424
    Deposits held in domestic offices $575,852
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $24,754
    Trading liabilities $0
    Other borrowed funds $6,444
    Subordinated debt $0
    All other liabilities $3,508

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $523,364
    Loan and leases loss allowance $3,296
    Total loans and leases (domestic) $526,660
    All real estate loans $465,999
    Real estate loans in domestic offices $465,999
    Construction and development loans $32,145
    Residential 1-4 family construction $3,417
    Other construction, all land development and other land $28,728
    Loans secured by nonfarm nonresidential properties $274,363
    Nonfarm nonresidential secured by owner-occupied properties $77,911
    Commercial real estate & other non-farm, non-residential $196,452
    Multifamily residential real estate $72,030
    1-4 family residential loans $85,478
    Farmland loans $1,983
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $61,098
    To non-U.S. addressees $0
    Loans to individuals $278
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $66
    Other loans to individuals $212
    All other loans & leases $210
    Loans to foreign governments and official institutions $0
    Other loans $18
    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 $2,111
    Non 1-4 family restructured loans & leases $2,066
    Total loans and leases (foreign) $0

    Farmers and Merchants Bank Of Fowblesburg Maryland had $523,364,000 of loans outstanding in 2020. $465,999,000 of loans were in real estate loans. $32,145,000 of loans were in development loans. $72,030,000 of loans were in multifamily mortgage loans. $85,478,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $66,000 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 201 $67,872 $337,672
    Nonfarm, nonresidential loans - <$100k 10 $525 $52,500
    Nonfarm, nonresidential loans - $100-250k 58 $7,301 $125,879
    Nonfarm, nonresidential loans - $250k-1MM 133 $60,046 $451,474
    Commercial & Industrial, US addressed loans - <$1MM 466 $43,373 $93,075
    Commercial & Industrial, US addressed loans - <$100k 311 $9,789 $31,476
    Commercial & Industrial, US addressed loans - $100-250k 93 $12,029 $129,344
    Commercial & Industrial, US addressed loans - $250k-1MM 62 $21,555 $347,661
    Farmland loans - <$1MM 2 $628 $314,000
    Farmland loans - $250k-1MM 2 $628 $314,000