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: Lake Charles, Fort Polk South, Deridder, Alexandria, and New Orleans 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 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

    148

    Origination Dollar Volume (All Markets)

    $21,190,000

    Employee count

    94

    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) 50 $9,820,000 $196,400 $0 0.00%
    Fort Polk South, LA (FHA|USDA|VA) 58 $4,740,000 $81,724 $0 0.00%
    Outside of Metro Areas 15 $2,695,000 $179,667 $0 0.00%
    DeRidder, LA (FHA|USDA|VA) 17 $2,395,000 $140,882 $0 0.00%
    ALEXANDRIA, LA (FHA|USDA|VA) 4 $730,000 $182,500 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $610,000 $305,000 $0 0.00%
    Jennings, LA (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Merchants & Farmers Bank & Trust Company's top markets include Lake Charles, Fort Polk South, Deridder, Alexandria, and New Orleans among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 148 $21,190,000 $143,176 $0 0.00%

    For 2019, Merchants & Farmers Bank & Trust Company's most frequently originated type of loan was Conventional, with 148 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 87 $14,495,000 $166,609 $0 0.00%
    Refi 50 $5,810,000 $116,200 $0 0.00%
    Home Improvement 7 $535,000 $76,429 $0 0.00%
    Other 4 $350,000 $87,500 $0 0.00%

    For 2019, Merchants & Farmers Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 87 originations. The 2nd most popular reason was Refi, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 148 $21,190,000 $143,176 $0 0.00%

    For 2019, Merchants & Farmers Bank & Trust Company's most frequently cited loan duration was Other, with 148 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 88 $5,220,000 $59,318 $0 0.00%
    $100k-200k 32 $4,740,000 $148,125 $0 0.00%
    $200k-400k 24 $6,290,000 $262,083 $0 0.00%
    $400k-600k 3 $1,455,000 $485,000 $0 0.00%
    $1MM+ 1 $3,485,000 $3,485,000 $0 0.00%

    2019 saw Merchants & Farmers Bank & Trust Company place emphasis on $100,000 or less loans with 88 originations, totaling $5,220,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 33 $4,895,000 $148,333 $0 0.00%
    $75k-100k 28 $3,160,000 $112,857 $0 0.00%
    $50k or less 23 $1,395,000 $60,652 $0 0.00%
    $50k-75k 16 $1,320,000 $82,500 $0 0.00%
    $150k-250k 15 $1,535,000 $102,333 $0 0.00%
    $250k+ 5 $1,095,000 $219,000 $0 0.00%

    Merchants & Farmers Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 33 originations. The second most popular income band? $75k-100k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 148 $21,190,000 $143,176 $0 0.00%

    Merchants & Farmers Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 148 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 109 $12,455,000 $114,266 $0 0.00%
    Not applicable 27 $7,695,000 $285,000 $0 0.00%
    Black 9 $725,000 $80,556 $0 0.00%
    Asian 1 $175,000 $175,000 $0 0.00%
    Not provided 1 $95,000 $95,000 $0 0.00%
    Vietnamese 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.64%

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

    Pick Rate

    Approvals leading to origination
    87.16%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 148 $21,190,000 $143,176

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $5,535,000 $790,714
    Single Family (1-4 Units):Manufactured 50 $3,750,000 $75,000
    Single Family (1-4 Units):Site-Built 91 $11,905,000 $130,824

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    MORGAN STANLEY & CO. LLC Conventional home mortgage Closing on a mortgage 1 8.3%
    MORGAN STANLEY & CO. LLC Conventional home mortgage Incorrect information on your report 1 8.3%
    MORGAN STANLEY & CO. LLC Conventional home mortgage Struggling to pay mortgage 3 25.0%
    MORGAN STANLEY & CO. LLC Conventional home mortgage Trouble during payment process 6 50.0%
    MORGAN STANLEY & CO. LLC Other type of mortgage Struggling to pay mortgage 1 8.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Merchants & Farmers Bank & Trust Company 1400 Fancher Street Vinton, LA 70668 Full Service B&M $10,074
    Merchants & Farmers Bank & Trust Company 18625 Johnny B Hall Memorial Highway Rosepine, LA 70659 Full Service B&M $6,540
    Merchants & Farmers Bank & Trust Company 3002 Colony Boulevard Newllano, LA 71461 Full Service B&M $15,924
    Merchants & Farmers Bank & Trust Company 400 N Sixth Street Leesville, LA 71446 Full Service B&M $52,229
    Merchants & Farmers Bank & Trust Company 4091 Nelson Road Lake Charles, LA 70605 Full Service B&M $45,965
    Merchants & Farmers Bank & Trust Company 4743 Main Street Anacoco, LA 71403 Full Service B&M $12,878
    Merchants & Farmers Bank & Trust Company 501 South Fifth Street Leesville, LA 71446 Full Service B&M $158,280
    Merchants & Farmers Bank & Trust Company 975 South Beglis Parkway Sulphur, LA 70663 Full Service B&M $2,144

    For 2019, Merchants & Farmers Bank & Trust Company had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,432
    Net interest income $13,842
    Total noninterest income $2,287
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,060
    Trading account gains and fees $0
    Additional Noninterest Income $1,227
    Pre-tax net operating income $3,894
    Securities gains (or losses, -) $105
    Income before extraordinary items $3,414
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,414
    Minority interest net income $0
    Net income $3,414
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,324

    Merchants & Farmers Bank & Trust Company's gross interest income from loans was $16,432,000.
    Merchants & Farmers Bank & Trust Company's net interest income from loans was $13,842,000.
    Merchants & Farmers Bank & Trust Company's fee based income from loans was $1,060,000.
    Merchants & Farmers Bank & Trust Company's net income from loans was $3,414,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,590
    Provision for credit losses $159
    Total noninterest expense $12,076
    Salaries and employee benefits $6,915
    Premises and equipment expense $1,295
    Additional noninterest expense $3,866
    Applicable income taxes $585
    Net charge-offs $107
    Cash dividends $689

    Merchants & Farmers Bank & Trust Company's interest expense for loans was $2,590,000.
    Merchants & Farmers Bank & Trust Company's payroll and benefits expense were $6,915,000.
    Merchants & Farmers Bank & Trust Company's property, plant and equipment expenses $1,295,000.

    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 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 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 6.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $299,451
    Deposits held in domestic offices $299,451
    Deposits by Individuals, partnerships, and corporations $245,312
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $54,054
    Deposits by Commercial banks and other depository institutions in U.S. $85
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $174,934
    Demand deposits $117,525
    Nontransaction accounts $124,517
    Money market deposit accounts (MMDAs) $19,160
    Other savings deposits (excluding MMDAs) $46,673
    Total time deposits $58,683
    Total time and savings deposits $181,926
    Noninterest-bearing deposits $101,582
    Interest-bearing deposits $197,869
    Retail deposits $274,053
    IRAs and Keogh plan accounts $5,419
    Brokered deposits $12,903
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $408,091
    Cash & Balances due from depository institutions $17,104
    Interest-bearing balances $10,875
    Total securities $127,976
    Federal funds sold & reverse repurchase $0
    Net loans and leases $239,732
    Loan and leases loss allowance $2,123
    Trading account assets $0
    Bank premises and fixed assets $9,425
    Other real estate owned $1,148
    Goodwill and other intangibles $6,669
    All other assets $6,037

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $408,091
    Total Liabilities $357,094
    Total deposits $299,451
    Interest-bearing deposits $197,869
    Deposits held in domestic offices $299,451
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $53,000
    Subordinated debt $0
    All other liabilities $4,643

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $239,732
    Loan and leases loss allowance $2,123
    Total loans and leases (domestic) $241,855
    All real estate loans $220,928
    Real estate loans in domestic offices $220,928
    Construction and development loans $34,445
    Residential 1-4 family construction $10,093
    Other construction, all land development and other land $24,352
    Loans secured by nonfarm nonresidential properties $71,101
    Nonfarm nonresidential secured by owner-occupied properties $44,457
    Commercial real estate & other non-farm, non-residential $26,644
    Multifamily residential real estate $1,320
    1-4 family residential loans $112,217
    Farmland loans $1,845
    Loans held in foreign offices $0
    Farm loans $386
    Commercial and industrial loans $15,605
    To non-U.S. addressees $0
    Loans to individuals $4,261
    Credit card loans $0
    Related Plans $99
    Consumer Auto Loans $718
    Other loans to individuals $3,444
    All other loans & leases $675
    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 $850
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Merchants & Farmers Bank & Trust Company had $239,732,000 of loans outstanding in 2019. $220,928,000 of loans were in real estate loans. $34,445,000 of loans were in development loans. $1,320,000 of loans were in multifamily mortgage loans. $112,217,000 of loans were in 1-4 family mortgage loans. $386,000 of loans were in farm loans. $0 of loans were in credit card loans. $718,000 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 135 $19,834 $146,919
    Nonfarm, nonresidential loans - <$100k 41 $1,599 $39,000
    Nonfarm, nonresidential loans - $100-250k 54 $7,077 $131,056
    Nonfarm, nonresidential loans - $250k-1MM 40 $11,158 $278,950
    Commercial & Industrial, US addressed loans - <$1MM 295 $11,442 $38,786
    Commercial & Industrial, US addressed loans - <$100k 234 $5,449 $23,286
    Commercial & Industrial, US addressed loans - $100-250k 54 $4,710 $87,222
    Commercial & Industrial, US addressed loans - $250k-1MM 7 $1,283 $183,286
    Farmland loans - <$1MM 20 $1,844 $92,200
    Farmland loans - <$100k 12 $367 $30,583
    Farmland loans - $100-250k 6 $766 $127,667
    Farmland loans - $250k-1MM 2 $711 $355,500
    Agriculture operations loans - <$1MM 10 $386 $38,600
    Agriculture operations loans - <$100k 7 $157 $22,429
    Agriculture operations loans - $100-250k 2 $15 $7,500
    Agriculture operations loans - $250k-1MM 1 $214 $214,000