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 Crestview among others. We have data for 6 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

    107

    Origination Dollar Volume (All Markets)

    $14,565,000

    Employee count

    91

    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) 50 $6,230,000 $124,600 $0 0.00%
    LAKE CHARLES, LA (FHA|USDA|VA) 33 $6,045,000 $183,182 $0 0.00%
    DeRidder, LA (FHA|USDA|VA) 14 $1,610,000 $115,000 $0 0.00%
    Outside of Metro Areas 6 $410,000 $68,333 $0 0.00%
    ALEXANDRIA, LA (FHA|USDA|VA) 3 $175,000 $58,333 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    Merchants & Farmers Bank & Trust Company's top markets include Fort Polk South, Lake Charles, Deridder, Alexandria, and Crestview 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 107 $14,565,000 $136,121 $0 0.00%

    For 2020, Merchants & Farmers Bank & Trust Company's most frequently originated type of loan was Conventional, with 107 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 56 $7,570,000 $135,179 $0 0.00%
    Refi 45 $6,545,000 $145,444 $0 0.00%
    Home Improvement 3 $265,000 $88,333 $0 0.00%
    Other 3 $185,000 $61,667 $0 0.00%

    For 2020, Merchants & Farmers Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 56 originations. The 2nd most popular reason was Refi, with 45 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 107 $14,565,000 $136,121 $0 0.00%

    For 2020, Merchants & Farmers Bank & Trust Company's most frequently cited loan duration was Other, with 107 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 56 $3,330,000 $59,464 $0 0.00%
    $100k-200k 31 $4,215,000 $135,968 $0 0.00%
    $200k-400k 15 $4,185,000 $279,000 $0 0.00%
    $400k-600k 3 $1,505,000 $501,667 $0 0.00%
    $600k-1MM 2 $1,330,000 $665,000 $0 0.00%

    2020 saw Merchants & Farmers Bank & Trust Company place emphasis on $100,000 or less loans with 56 originations, totaling $3,330,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 17 $1,655,000 $97,353 $0 0.00%
    $50k-75k 16 $1,170,000 $73,125 $0 0.00%
    $100k-150k 15 $1,685,000 $112,333 $0 0.00%
    $150k-250k 11 $2,115,000 $192,273 $0 0.00%
    $50k or less 10 $840,000 $84,000 $0 0.00%
    $250k+ 6 $2,250,000 $375,000 $0 0.00%

    Merchants & Farmers Bank & Trust Company lent most frequently to those with incomes in the $75k-100k range, with 17 originations. The second most popular income band? $50k-75k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 107 $14,565,000 $136,121 $0 0.00%

    Merchants & Farmers Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 107 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 72 $9,610,000 $133,472 $0 0.00%
    Not applicable 31 $4,755,000 $153,387 $0 0.00%
    Black 4 $200,000 $50,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.82%

    Merchants & Farmers Bank & Trust Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.24%

    Merchants & Farmers Bank & Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 107 $14,565,000 $136,121

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $1,655,000 $551,667
    Single Family (1-4 Units):Manufactured 32 $2,730,000 $85,313
    Single Family (1-4 Units):Site-Built 72 $10,180,000 $141,389

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    MORGAN STANLEY & CO. LLC Conventional home mortgage Closing on a mortgage 1 11.1%
    MORGAN STANLEY & CO. LLC Conventional home mortgage Struggling to pay mortgage 2 22.2%
    MORGAN STANLEY & CO. LLC Conventional home mortgage Trouble during payment process 4 44.4%
    MORGAN STANLEY & CO. LLC Other type of mortgage Struggling to pay mortgage 1 11.1%
    MORGAN STANLEY & CO. LLC Other type of mortgage Trouble during payment process 1 11.1%

    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 $11,020
    Merchants & Farmers Bank & Trust Company 18625 Johnny B Hall Memorial Highway Rosepine, LA 70659 Full Service B&M $6,364
    Merchants & Farmers Bank & Trust Company 3002 Colony Boulevard Newllano, LA 71461 Full Service B&M $15,338
    Merchants & Farmers Bank & Trust Company 400 N Sixth Street Leesville, LA 71446 Full Service B&M $57,014
    Merchants & Farmers Bank & Trust Company 4091 Nelson Road Lake Charles, LA 70605 Full Service B&M $40,948
    Merchants & Farmers Bank & Trust Company 4743 Main Street Anacoco, LA 71403 Full Service B&M $15,534
    Merchants & Farmers Bank & Trust Company 501 South Fifth Street Leesville, LA 71446 Full Service B&M $168,600
    Merchants & Farmers Bank & Trust Company 975 South Beglis Parkway Sulphur, LA 70663 Full Service B&M $10,308

    For 2020, Merchants & Farmers Bank & Trust Company had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,757
    Net interest income $13,796
    Total noninterest income $2,140
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $963
    Trading account gains and fees $0
    Additional Noninterest Income $1,177
    Pre-tax net operating income $3,270
    Securities gains (or losses, -) $888
    Income before extraordinary items $3,388
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,388
    Minority interest net income $0
    Net income $3,388
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,668

    Merchants & Farmers Bank & Trust Company's gross interest income from loans was $15,757,000.
    Merchants & Farmers Bank & Trust Company's net interest income from loans was $13,796,000.
    Merchants & Farmers Bank & Trust Company's fee based income from loans was $963,000.
    Merchants & Farmers Bank & Trust Company's net income from loans was $3,388,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,961
    Provision for credit losses $379
    Total noninterest expense $12,287
    Salaries and employee benefits $7,349
    Premises and equipment expense $1,334
    Additional noninterest expense $3,604
    Applicable income taxes $770
    Net charge-offs $133
    Cash dividends $582

    Merchants & Farmers Bank & Trust Company's interest expense for loans was $1,961,000.
    Merchants & Farmers Bank & Trust Company's payroll and benefits expense were $7,349,000.
    Merchants & Farmers Bank & Trust Company's property, plant and equipment expenses $1,334,000.

    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 2.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 4.0%
    All other family 2.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 7.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $344,967
    Deposits held in domestic offices $344,967
    Deposits by Individuals, partnerships, and corporations $290,167
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $54,565
    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 $206,270
    Demand deposits $147,959
    Nontransaction accounts $138,697
    Money market deposit accounts (MMDAs) $27,521
    Other savings deposits (excluding MMDAs) $62,579
    Total time deposits $48,597
    Total time and savings deposits $197,008
    Noninterest-bearing deposits $135,465
    Interest-bearing deposits $209,502
    Retail deposits $328,233
    IRAs and Keogh plan accounts $6,277
    Brokered deposits $3,616
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $436,338
    Cash & Balances due from depository institutions $25,903
    Interest-bearing balances $12,137
    Total securities $159,008
    Federal funds sold & reverse repurchase $0
    Net loans and leases $230,013
    Loan and leases loss allowance $2,369
    Trading account assets $0
    Bank premises and fixed assets $9,361
    Other real estate owned $1,042
    Goodwill and other intangibles $6,669
    All other assets $4,342

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $436,338
    Total Liabilities $380,571
    Total deposits $344,967
    Interest-bearing deposits $209,502
    Deposits held in domestic offices $344,967
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $29,500
    Subordinated debt $0
    All other liabilities $6,104

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $230,013
    Loan and leases loss allowance $2,369
    Total loans and leases (domestic) $232,382
    All real estate loans $205,574
    Real estate loans in domestic offices $205,574
    Construction and development loans $25,405
    Residential 1-4 family construction $7,274
    Other construction, all land development and other land $18,131
    Loans secured by nonfarm nonresidential properties $75,254
    Nonfarm nonresidential secured by owner-occupied properties $49,566
    Commercial real estate & other non-farm, non-residential $25,688
    Multifamily residential real estate $1,263
    1-4 family residential loans $101,909
    Farmland loans $1,743
    Loans held in foreign offices $0
    Farm loans $438
    Commercial and industrial loans $22,136
    To non-U.S. addressees $0
    Loans to individuals $3,615
    Credit card loans $0
    Related Plans $50
    Consumer Auto Loans $541
    Other loans to individuals $3,024
    All other loans & leases $618
    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 $843
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Merchants & Farmers Bank & Trust Company had $230,013,000 of loans outstanding in 2020. $205,574,000 of loans were in real estate loans. $25,405,000 of loans were in development loans. $1,263,000 of loans were in multifamily mortgage loans. $101,909,000 of loans were in 1-4 family mortgage loans. $438,000 of loans were in farm loans. $0 of loans were in credit card loans. $541,000 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 131 $19,715 $150,496
    Nonfarm, nonresidential loans - <$100k 38 $1,382 $36,368
    Nonfarm, nonresidential loans - $100-250k 49 $6,409 $130,796
    Nonfarm, nonresidential loans - $250k-1MM 44 $11,924 $271,000
    Commercial & Industrial, US addressed loans - <$1MM 313 $13,502 $43,137
    Commercial & Industrial, US addressed loans - <$100k 247 $5,305 $21,478
    Commercial & Industrial, US addressed loans - $100-250k 55 $5,554 $100,982
    Commercial & Industrial, US addressed loans - $250k-1MM 11 $2,643 $240,273
    Farmland loans - <$1MM 17 $1,742 $102,471
    Farmland loans - <$100k 9 $326 $36,222
    Farmland loans - $100-250k 6 $717 $119,500
    Farmland loans - $250k-1MM 2 $699 $349,500
    Agriculture operations loans - <$1MM 7 $438 $62,571
    Agriculture operations loans - <$100k 6 $193 $32,167
    Agriculture operations loans - $250k-1MM 1 $245 $245,000