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

Leesville, LA

LEI: 549300NG6J01HLGSZW49

Tax ID: 72-0258810

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Merchants & Farmers Bank & Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Merchants & Farmers Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Fort Polk South, Lake Charles, Deridder, Alexandria, and Lafayette among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Merchants & Farmers Bank & Trust Company 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.

    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

    183

    Origination Dollar Volume (All Markets)

    $23,825,000

    Employee count

    92

    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
    Fort Polk South, LA (FHA|USDA|VA) 94 $10,020,000 $106,596 $0 0.00%
    LAKE CHARLES, LA (FHA|USDA|VA) 47 $8,795,000 $187,128 $0 0.00%
    DeRidder, LA (FHA|USDA|VA) 16 $1,690,000 $105,625 $0 0.00%
    ALEXANDRIA, LA (FHA|USDA|VA) 12 $1,680,000 $140,000 $0 0.00%
    Outside of Metro Areas 11 $895,000 $81,364 $0 0.00%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
    Jennings, LA (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Merchants & Farmers Bank & Trust Company's top markets include Fort Polk South, Lake Charles, Deridder, Alexandria, and Lafayette among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 183 $23,825,000 $130,191 $0 0.00%

    For 2018, Merchants & Farmers Bank & Trust Company's most frequently originated type of loan was Conventional, with 183 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 94 $9,790,000 $104,149 $0 0.00%
    Refi 80 $13,510,000 $168,875 $0 0.00%
    Home Improvement 5 $245,000 $49,000 $0 0.00%
    Other 4 $280,000 $70,000 $0 0.00%

    For 2018, Merchants & Farmers Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 94 originations. The 2nd most popular reason was Refi, with 80 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 183 $23,825,000 $130,191 $0 0.00%

    For 2018, Merchants & Farmers Bank & Trust Company's most frequently cited loan duration was Other, with 183 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 104 $5,560,000 $53,462 $0 0.00%
    $100k-200k 53 $7,275,000 $137,264 $0 0.00%
    $200k-400k 17 $4,375,000 $257,353 $0 0.00%
    $400k-600k 5 $2,435,000 $487,000 $0 0.00%
    $600k-1MM 3 $2,195,000 $731,667 $0 0.00%
    $1MM+ 1 $1,985,000 $1,985,000 $0 0.00%

    2018 saw Merchants & Farmers Bank & Trust Company place emphasis on $100,000 or less loans with 104 originations, totaling $5,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 42 $2,470,000 $58,810 $0 0.00%
    $75k-100k 33 $3,525,000 $106,818 $0 0.00%
    $100k-150k 29 $3,535,000 $121,897 $0 0.00%
    $150k-250k 22 $3,610,000 $164,091 $0 0.00%
    $50k-75k 20 $1,510,000 $75,500 $0 0.00%
    $250k+ 2 $340,000 $170,000 $0 0.00%

    Merchants & Farmers Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 42 originations. The second most popular income band? $75k-100k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 183 $23,825,000 $130,191 $0 0.00%

    Merchants & Farmers Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 183 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 141 $14,315,000 $101,525 $0 0.00%
    Not applicable 33 $8,655,000 $262,273 $0 0.00%
    Black 6 $490,000 $81,667 $0 0.00%
    Asian 2 $240,000 $120,000 $0 0.00%
    American Indian 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.28%

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

    Pick Rate

    Approvals leading to origination
    86.89%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 183 $23,825,000 $130,191

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $4,350,000 $725,000
    Single Family (1-4 Units):Manufactured 65 $4,535,000 $69,769
    Single Family (1-4 Units):Site-Built 112 $14,940,000 $133,393

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    MORGAN STANLEY & CO. LLC Conventional home mortgage Struggling to pay mortgage 1 33.3%
    MORGAN STANLEY & CO. LLC Home equity loan or line of credit (HELOC) Trouble during payment process 1 33.3%
    MORGAN STANLEY & CO. LLC Other type of mortgage Closing on a mortgage 1 33.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Merchants & Farmers Bank & Trust Company 18625 Johnny B Hall Memorial Highway Rosepine, LA 70659 Full Service B&M $6,711
    Merchants & Farmers Bank & Trust Company 3002 Colony Boulevard Newllano, LA 71461 Full Service B&M $14,892
    Merchants & Farmers Bank & Trust Company 400 N Sixth Street Leesville, LA 71446 Full Service B&M $49,378
    Merchants & Farmers Bank & Trust Company 4091 Nelson Road Lake Charles, LA 70605 Full Service B&M $50,511
    Merchants & Farmers Bank & Trust Company 4743 Main Street Anacoco, LA 71403 Full Service B&M $12,308
    Merchants & Farmers Bank & Trust Company 501 South Fifth Street Leesville, LA 71446 Full Service B&M $167,939
    Merchants & Farmers Bank & Trust Company 975 South Beglis Parkway Sulphur, LA 70663 Full Service B&M $2,080

    For 2018, Merchants & Farmers Bank & Trust Company had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,713
    Net interest income $13,166
    Total noninterest income $2,378
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,162
    Trading account gains and fees $0
    Additional Noninterest Income $1,216
    Pre-tax net operating income $3,710
    Securities gains (or losses, -) $20
    Income before extraordinary items $3,047
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,047
    Minority interest net income $0
    Net income $3,047
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,030

    Merchants & Farmers Bank & Trust Company's gross interest income from loans was $15,713,000.
    Merchants & Farmers Bank & Trust Company's net interest income from loans was $13,166,000.
    Merchants & Farmers Bank & Trust Company's fee based income from loans was $1,162,000.
    Merchants & Farmers Bank & Trust Company's net income from loans was $3,047,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,547
    Provision for credit losses $137
    Total noninterest expense $11,697
    Salaries and employee benefits $6,681
    Premises and equipment expense $1,139
    Additional noninterest expense $3,877
    Applicable income taxes $683
    Net charge-offs $87
    Cash dividends $587

    Merchants & Farmers Bank & Trust Company's interest expense for loans was $2,547,000.
    Merchants & Farmers Bank & Trust Company's payroll and benefits expense were $6,681,000.
    Merchants & Farmers Bank & Trust Company's property, plant and equipment expenses $1,139,000.

    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 1.0%
    HELOC loans 4.0%
    All other family 1.0%
    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 $303,658
    Deposits held in domestic offices $303,658
    Deposits by Individuals, partnerships, and corporations $252,992
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $50,431
    Deposits by Commercial banks and other depository institutions in U.S. $235
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $171,176
    Demand deposits $113,991
    Nontransaction accounts $132,482
    Money market deposit accounts (MMDAs) $18,809
    Other savings deposits (excluding MMDAs) $41,911
    Total time deposits $71,763
    Total time and savings deposits $189,667
    Noninterest-bearing deposits $98,841
    Interest-bearing deposits $204,817
    Retail deposits $266,135
    IRAs and Keogh plan accounts $5,923
    Brokered deposits $25,497
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $415,850
    Cash & Balances due from depository institutions $18,347
    Interest-bearing balances $10,220
    Total securities $130,775
    Federal funds sold & reverse repurchase $0
    Net loans and leases $242,296
    Loan and leases loss allowance $2,070
    Trading account assets $0
    Bank premises and fixed assets $9,151
    Other real estate owned $1,084
    Goodwill and other intangibles $6,669
    All other assets $7,528

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $415,850
    Total Liabilities $370,120
    Total deposits $303,658
    Interest-bearing deposits $204,817
    Deposits held in domestic offices $303,658
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $62,000
    Subordinated debt $0
    All other liabilities $4,462

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $242,296
    Loan and leases loss allowance $2,070
    Total loans and leases (domestic) $244,366
    All real estate loans $222,800
    Real estate loans in domestic offices $222,800
    Construction and development loans $38,176
    Residential 1-4 family construction $9,750
    Other construction, all land development and other land $28,426
    Loans secured by nonfarm nonresidential properties $74,018
    Nonfarm nonresidential secured by owner-occupied properties $44,218
    Commercial real estate & other non-farm, non-residential $29,800
    Multifamily residential real estate $1,782
    1-4 family residential loans $106,788
    Farmland loans $2,036
    Loans held in foreign offices $0
    Farm loans $463
    Commercial and industrial loans $15,936
    To non-U.S. addressees $0
    Loans to individuals $4,480
    Credit card loans $0
    Related Plans $88
    Consumer Auto Loans $773
    Other loans to individuals $3,619
    All other loans & leases $687
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $862
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Merchants & Farmers Bank & Trust Company had $242,296,000 of loans outstanding in 2018. $222,800,000 of loans were in real estate loans. $38,176,000 of loans were in development loans. $1,782,000 of loans were in multifamily mortgage loans. $106,788,000 of loans were in 1-4 family mortgage loans. $463,000 of loans were in farm loans. $0 of loans were in credit card loans. $773,000 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 145 $20,340 $140,276
    Nonfarm, nonresidential loans - <$100k 49 $2,194 $44,776
    Nonfarm, nonresidential loans - $100-250k 60 $7,802 $130,033
    Nonfarm, nonresidential loans - $250k-1MM 36 $10,344 $287,333
    Commercial & Industrial, US addressed loans - <$1MM 310 $11,440 $36,903
    Commercial & Industrial, US addressed loans - <$100k 252 $5,657 $22,448
    Commercial & Industrial, US addressed loans - $100-250k 52 $4,736 $91,077
    Commercial & Industrial, US addressed loans - $250k-1MM 6 $1,047 $174,500
    Farmland loans - <$1MM 21 $2,035 $96,905
    Farmland loans - <$100k 11 $321 $29,182
    Farmland loans - $100-250k 8 $993 $124,125
    Farmland loans - $250k-1MM 2 $721 $360,500
    Agriculture operations loans - <$1MM 11 $463 $42,091
    Agriculture operations loans - <$100k 8 $217 $27,125
    Agriculture operations loans - $100-250k 1 $82 $82,000
    Agriculture operations loans - $250k-1MM 2 $164 $82,000