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 and 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, Salisbury, York, Gettysburg, and Washington among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Farmers And Merchants Bank Of Fowblesburg Maryland has an above 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

    180

    Origination Dollar Volume (All Markets)

    $52,480,000

    Employee count

    88

    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) 153 $45,935,000 $300,229 $0 0.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 6 $2,060,000 $343,333 $0 0.00%
    YORK-HANOVER, PA (FHA|USDA|VA) 9 $1,745,000 $193,889 $0 0.00%
    GETTYSBURG, PA (FHA|USDA|VA) 7 $1,615,000 $230,714 $0 0.00%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $1,000,000 $250,000 $0 0.00%
    Outside of Metro Areas 1 $125,000 $125,000 $0 0.00%
    Farmers And Merchants Bank Of Fowblesburg Maryland's top markets include Baltimore, Salisbury, York, Gettysburg, and Washington 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 177 $51,545,000 $291,215 $0 0.00%
    USDA 2 $590,000 $295,000 $0 0.00%
    VA 1 $345,000 $345,000 $0 0.00%

    For 2021, Farmers And Merchants Bank Of Fowblesburg Maryland's most frequently originated type of loan was Conventional, with 177 originations. Their 2nd most popular type was USDA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 70 $18,260,000 $260,857 $0 0.00%
    Refi 68 $24,490,000 $360,147 $0 0.00%
    Cash Out Refi 38 $8,320,000 $218,947 $0 0.00%
    Home Improvement 4 $1,410,000 $352,500 $0 0.00%

    For 2021, Farmers And Merchants Bank Of Fowblesburg Maryland's most frequently cited loan purpose was Home Purchase, with 70 originations. The 2nd most popular reason was Refi, with 68 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 180 $52,480,000 $291,556 $0 0.00%

    For 2021, Farmers And Merchants Bank Of Fowblesburg Maryland's most frequently cited loan duration was Other, with 180 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 90 $24,560,000 $272,889 $0 0.00%
    $100k-200k 60 $9,100,000 $151,667 $0 0.00%
    $400k-600k 20 $9,310,000 $465,500 $0 0.00%
    $100,000 or less 4 $360,000 $90,000 $0 0.00%
    $1MM+ 3 $7,215,000 $2,405,000 $0 0.00%
    $600k-1MM 3 $1,935,000 $645,000 $0 0.00%

    2021 saw Farmers And Merchants Bank Of Fowblesburg Maryland place emphasis on $200k-400k loans with 90 originations, totaling $24,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 33 $10,395,000 $315,000 $0 0.00%
    $150k-250k 33 $9,865,000 $298,939 $0 0.00%
    $50k-75k 30 $6,400,000 $213,333 $0 0.00%
    $75k-100k 24 $5,830,000 $242,917 $0 0.00%
    $50k or less 18 $2,870,000 $159,444 $0 0.00%
    $250k+ 4 $1,610,000 $402,500 $0 0.00%

    Farmers And Merchants Bank Of Fowblesburg Maryland lent most frequently to those with incomes in the $100k-150k range, with 33 originations. The second most popular income band? $150k-250k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 180 $52,480,000 $291,556 $0 0.00%

    Farmers And Merchants Bank Of Fowblesburg Maryland lent most frequently to those with DTI ratios of Exempt%, with 180 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 103 $26,625,000 $258,495 $0 0.00%
    Not applicable 36 $14,970,000 $415,833 $0 0.00%
    Not provided 35 $9,035,000 $258,143 $0 0.00%
    Other Asian 1 $715,000 $715,000 $0 0.00%
    Black 2 $580,000 $290,000 $0 0.00%
    Asian 3 $555,000 $185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.38%

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

    Pick Rate

    Approvals leading to origination
    83.89%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 180 $52,480,000 $291,556

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    180 $52,480,000 $291,556

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Farmers and Merchants Bank 1321 Liberty Road Sykesville, MD 21784 Full Service B&M $108,676
    Farmers and Merchants Bank 15226 Hanover Pike Upperco, MD 21155 Full Service B&M $157,899
    Farmers and Merchants Bank 205 St. Mark Way Westminster, MD 21158 Full Service B&M $6,662
    Farmers and Merchants Bank 2320 Hanover Pike Hampstead, MD 21074 Full Service Retail $39,715
    Farmers and Merchants Bank 25 Westminster Pike, P.O. Box 249 Reisterstown, MD 21136 Full Service B&M $84,569
    Farmers and Merchants Bank 275 Clifton Road Westminster, MD 21157 Full Service B&M $86,970
    Farmers and Merchants Bank 735 Hanover Pike Hampstead, MD 21074 Full Service B&M $72,759
    Farmers and Merchants Bank 9320 Lakeside Blvd, P.O. Box 409 Owings Mills, MD 21117 Full Service B&M $57,159

    For 2021, Farmers And Merchants Bank Of Fowblesburg Maryland had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $25,657
    Net interest income $23,573
    Total noninterest income $2,007
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $244
    Trading account gains and fees $0
    Additional Noninterest Income $1,763
    Pre-tax net operating income $9,920
    Securities gains (or losses, -) $-6
    Income before extraordinary items $7,336
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,336
    Minority interest net income $0
    Net income $7,336
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,340

    Farmers And Merchants Bank Of Fowblesburg Maryland's gross interest income from loans was $25,657,000.
    Farmers And Merchants Bank Of Fowblesburg Maryland's net interest income from loans was $23,573,000.
    Farmers And Merchants Bank Of Fowblesburg Maryland's fee based income from loans was $244,000.
    Farmers And Merchants Bank Of Fowblesburg Maryland's net income from loans was $7,336,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,084
    Provision for credit losses $330
    Total noninterest expense $15,330
    Salaries and employee benefits $8,933
    Premises and equipment expense $1,373
    Additional noninterest expense $5,024
    Applicable income taxes $2,578
    Net charge-offs $-24
    Cash dividends $1,118

    Farmers And Merchants Bank Of Fowblesburg Maryland's interest expense for loans was $2,084,000.
    Farmers And Merchants Bank Of Fowblesburg Maryland's payroll and benefits expense were $8,933,000.
    Farmers And Merchants Bank Of Fowblesburg Maryland's property, plant and equipment expenses $1,373,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    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 1.0%
    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 $629,512
    Deposits held in domestic offices $629,512
    Deposits by Individuals, partnerships, and corporations $598,849
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $29,619
    Deposits by Commercial banks and other depository institutions in U.S. $1,043
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $255,676
    Demand deposits $176,492
    Nontransaction accounts $373,836
    Money market deposit accounts (MMDAs) $100,795
    Other savings deposits (excluding MMDAs) $92,146
    Total time deposits $180,895
    Total time and savings deposits $453,020
    Noninterest-bearing deposits $125,754
    Interest-bearing deposits $503,758
    Retail deposits $585,767
    IRAs and Keogh plan accounts $20,595
    Brokered deposits $9,002
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $717,616
    Cash & Balances due from depository institutions $25,707
    Interest-bearing balances $12,410
    Total securities $171,634
    Federal funds sold & reverse repurchase $834
    Net loans and leases $482,138
    Loan and leases loss allowance $3,650
    Trading account assets $0
    Bank premises and fixed assets $7,353
    Other real estate owned $1,242
    Goodwill and other intangibles $7,051
    All other assets $21,657

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $717,616
    Total Liabilities $645,653
    Total deposits $629,512
    Interest-bearing deposits $503,758
    Deposits held in domestic offices $629,512
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $5,414
    Trading liabilities $0
    Other borrowed funds $6,312
    Subordinated debt $0
    All other liabilities $4,415

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $482,138
    Loan and leases loss allowance $3,650
    Total loans and leases (domestic) $485,788
    All real estate loans $454,970
    Real estate loans in domestic offices $454,970
    Construction and development loans $25,957
    Residential 1-4 family construction $1,015
    Other construction, all land development and other land $24,942
    Loans secured by nonfarm nonresidential properties $319,185
    Nonfarm nonresidential secured by owner-occupied properties $113,220
    Commercial real estate & other non-farm, non-residential $205,965
    Multifamily residential real estate $33,551
    1-4 family residential loans $74,012
    Farmland loans $2,265
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $31,176
    To non-U.S. addressees $0
    Loans to individuals $339
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $63
    Other loans to individuals $276
    All other loans & leases $23
    Loans to foreign governments and official institutions $0
    Other loans $23
    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 $2,049
    Non 1-4 family restructured loans & leases $2,010
    Total loans and leases (foreign) $0

    Farmers and Merchants Bank Of Fowblesburg Maryland had $482,138,000 of loans outstanding in 2021. $454,970,000 of loans were in real estate loans. $25,957,000 of loans were in development loans. $33,551,000 of loans were in multifamily mortgage loans. $74,012,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $63,000 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 238 $84,799 $356,298
    Nonfarm, nonresidential loans - <$100k 11 $528 $48,000
    Nonfarm, nonresidential loans - $100-250k 56 $7,775 $138,839
    Nonfarm, nonresidential loans - $250k-1MM 171 $76,496 $447,345
    Commercial & Industrial, US addressed loans - <$1MM 232 $23,711 $102,203
    Commercial & Industrial, US addressed loans - <$100k 136 $3,904 $28,706
    Commercial & Industrial, US addressed loans - $100-250k 54 $6,601 $122,241
    Commercial & Industrial, US addressed loans - $250k-1MM 42 $13,206 $314,429
    Farmland loans - <$1MM 2 $558 $279,000
    Farmland loans - $250k-1MM 2 $558 $279,000