Merchants & Farmers Bank & Trust Company Mortgage Rates, Fees & Info

Leesville, LA

LEI: 549300NG6J01HLGSZW49

Tax ID: 72-0258810

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Mortgage Data

Review & Overview

Merchants & Farmers Bank & Trust Company is a smaller bank specializing in Home Purchase loans. Merchants & Farmers Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Lake Charles, Fort Polk South, Deridder, Alexandria, and Jennings among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Merchants & Farmers Bank & Trust Company 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

117

Origination Dollar Volume (All Markets)

$18,445,000

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
LAKE CHARLES, LA (FHA|USDA|VA) 41 $8,035,000 $195,976 $0 0.00%
Fort Polk South, LA (FHA|USDA|VA) 51 $6,925,000 $135,784 $0 0.00%
DeRidder, LA (FHA|USDA|VA) 9 $1,315,000 $146,111 $0 0.00%
Outside of Metro Areas 5 $1,095,000 $219,000 $0 0.00%
ALEXANDRIA, LA (FHA|USDA|VA) 6 $600,000 $100,000 $0 0.00%
Jennings, LA (FHA|USDA|VA) 2 $270,000 $135,000 $0 0.00%
Ruston, LA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Natchitoches, LA (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Merchants & Farmers Bank & Trust Company's top markets include Lake Charles, Fort Polk South, Deridder, Alexandria, and Jennings among others.

Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 117 $18,445,000 $157,650 $0 0.00%

    For 2023, Merchants & Farmers Bank & Trust Company's most frequently originated type of loan was Conventional, with 117 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 84 $14,810,000 $176,310 $0 0.00%
    Refi 25 $3,095,000 $123,800 $0 0.00%
    Other 5 $345,000 $69,000 $0 0.00%
    Home Improvement 3 $195,000 $65,000 $0 0.00%

    For 2023, Merchants & Farmers Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 84 originations. The 2nd most popular reason was Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 117 $18,445,000 $157,650 $0 0.00%

    For 2023, Merchants & Farmers Bank & Trust Company's most frequently cited loan duration was Other, with 117 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 53 $3,215,000 $60,660 $0 0.00%
    $100k-200k 33 $4,705,000 $142,576 $0 0.00%
    $200k-400k 26 $7,420,000 $285,385 $0 0.00%
    $400k-600k 3 $1,405,000 $468,333 $0 0.00%
    $1MM+ 1 $1,065,000 $1,065,000 $0 0.00%
    $600k-1MM 1 $635,000 $635,000 $0 0.00%

    2023 saw Merchants & Farmers Bank & Trust Company place emphasis on $100,000 or less loans with 53 originations, totaling $3,215,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 22 $4,530,000 $205,909 $0 0.00%
    $100k-150k 16 $2,580,000 $161,250 $0 0.00%
    $50k-75k 13 $1,295,000 $99,615 $0 0.00%
    $250k+ 11 $2,005,000 $182,273 $0 0.00%
    $75k-100k 11 $945,000 $85,909 $0 0.00%
    $50k or less 8 $650,000 $81,250 $0 0.00%

    Merchants & Farmers Bank & Trust Company lent most frequently to those with incomes in the $150k-250k range, with 22 originations. The second most popular income band? $100k-150k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 117 $18,445,000 $157,650 $0 0.00%

    Merchants & Farmers Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 117 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 69 $10,745,000 $155,725 $0 0.00%
    Not applicable 36 $6,440,000 $178,889 $0 0.00%
    Black 9 $725,000 $80,556 $0 0.00%
    Asian 3 $535,000 $178,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.66%

    Merchants & Farmers Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.89%

    Merchants & Farmers Bank & Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 117 $18,445,000 $157,650

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    117 $18,445,000 $157,650