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

Leesville, LA

LEI: 549300NG6J01HLGSZW49

Tax ID: 72-0258810

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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 Crestview among others. We have data for 7 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)

    $19,610,000

    Employee count

    85

    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) 61 $8,735,000 $143,197 $0 0.00%
    Fort Polk South, LA (FHA|USDA|VA) 54 $5,830,000 $107,963 $0 0.00%
    Outside of Metro Areas 16 $2,690,000 $168,125 $0 0.00%
    DeRidder, LA (FHA|USDA|VA) 12 $1,240,000 $103,333 $0 0.00%
    ALEXANDRIA, LA (FHA|USDA|VA) 3 $705,000 $235,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    Merchants & Farmers Bank & Trust Company's top markets include Lake Charles, Fort Polk South, 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 148 $19,610,000 $132,500 $0 0.00%

    For 2021, 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 84 $9,760,000 $116,190 $0 0.00%
    Refi 58 $8,850,000 $152,586 $0 0.00%
    Home Improvement 3 $525,000 $175,000 $0 0.00%
    Other 3 $475,000 $158,333 $0 0.00%

    For 2021, 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 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 148 $19,610,000 $132,500 $0 0.00%

    For 2021, 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 69 $4,215,000 $61,087 $0 0.00%
    $100k-200k 50 $7,140,000 $142,800 $0 0.00%
    $200k-400k 26 $6,780,000 $260,769 $0 0.00%
    $400k-600k 3 $1,475,000 $491,667 $0 0.00%

    2021 saw Merchants & Farmers Bank & Trust Company place emphasis on $100,000 or less loans with 69 originations, totaling $4,215,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 28 $4,850,000 $173,214 $0 0.00%
    $50k or less 19 $1,425,000 $75,000 $0 0.00%
    $150k-250k 17 $2,405,000 $141,471 $0 0.00%
    $75k-100k 15 $1,515,000 $101,000 $0 0.00%
    $50k-75k 13 $1,165,000 $89,615 $0 0.00%
    $250k+ 10 $2,570,000 $257,000 $0 0.00%

    Merchants & Farmers Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $50k or less, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 148 $19,610,000 $132,500 $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 87 $12,905,000 $148,333 $0 0.00%
    Not applicable 41 $4,655,000 $113,537 $0 0.00%
    Asian 5 $755,000 $151,000 $0 0.00%
    Black 12 $650,000 $54,167 $0 0.00%
    Not provided 3 $645,000 $215,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.05%

    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 $19,610,000 $132,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    148 $19,610,000 $132,500

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Merchants and Medical Credit Corporation, Inc. Conventional home mortgage Struggling to pay mortgage 1 100.0%

    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 $15,736
    Merchants & Farmers Bank & Trust Company 18625 Johnny B Hall Memorial Highway Rosepine, LA 70659 Full Service B&M $9,054
    Merchants & Farmers Bank & Trust Company 3002 Colony Boulevard Newllano, LA 71461 Full Service B&M $15,739
    Merchants & Farmers Bank & Trust Company 400 N Sixth Street Leesville, LA 71446 Full Service B&M $61,160
    Merchants & Farmers Bank & Trust Company 4091 Nelson Road Lake Charles, LA 70605 Full Service B&M $62,314
    Merchants & Farmers Bank & Trust Company 4743 Main Street Anacoco, LA 71403 Full Service B&M $20,494
    Merchants & Farmers Bank & Trust Company 501 South Fifth Street Leesville, LA 71446 Full Service B&M $203,666
    Merchants & Farmers Bank & Trust Company 975 South Beglis Parkway Sulphur, LA 70663 Full Service B&M $16,731

    For 2021, Merchants & Farmers Bank & Trust Company had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,719
    Net interest income $13,389
    Total noninterest income $2,220
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $908
    Trading account gains and fees $0
    Additional Noninterest Income $1,312
    Pre-tax net operating income $2,990
    Securities gains (or losses, -) $621
    Income before extraordinary items $3,223
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,223
    Minority interest net income $0
    Net income $3,223
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,670

    Merchants & Farmers Bank & Trust Company's gross interest income from loans was $14,719,000.
    Merchants & Farmers Bank & Trust Company's net interest income from loans was $13,389,000.
    Merchants & Farmers Bank & Trust Company's fee based income from loans was $908,000.
    Merchants & Farmers Bank & Trust Company's net income from loans was $3,223,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,330
    Provision for credit losses $256
    Total noninterest expense $12,363
    Salaries and employee benefits $7,064
    Premises and equipment expense $1,374
    Additional noninterest expense $3,925
    Applicable income taxes $388
    Net charge-offs $158
    Cash dividends $738

    Merchants & Farmers Bank & Trust Company's interest expense for loans was $1,330,000.
    Merchants & Farmers Bank & Trust Company's payroll and benefits expense were $7,064,000.
    Merchants & Farmers Bank & Trust Company's property, plant and equipment expenses $1,374,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    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 2.0%
    HELOC loans 5.0%
    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 4.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $404,155
    Deposits held in domestic offices $404,155
    Deposits by Individuals, partnerships, and corporations $326,822
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $77,096
    Deposits by Commercial banks and other depository institutions in U.S. $236
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $248,599
    Demand deposits $163,305
    Nontransaction accounts $155,555
    Money market deposit accounts (MMDAs) $28,900
    Other savings deposits (excluding MMDAs) $78,381
    Total time deposits $48,275
    Total time and savings deposits $240,849
    Noninterest-bearing deposits $150,097
    Interest-bearing deposits $254,058
    Retail deposits $388,344
    IRAs and Keogh plan accounts $6,811
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $479,279
    Cash & Balances due from depository institutions $20,341
    Interest-bearing balances $13,267
    Total securities $205,228
    Federal funds sold & reverse repurchase $0
    Net loans and leases $231,340
    Loan and leases loss allowance $2,467
    Trading account assets $0
    Bank premises and fixed assets $9,867
    Other real estate owned $1,314
    Goodwill and other intangibles $6,669
    All other assets $4,520

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $479,279
    Total Liabilities $424,220
    Total deposits $404,155
    Interest-bearing deposits $254,058
    Deposits held in domestic offices $404,155
    % insured (estimated) $65
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $15,000
    Subordinated debt $0
    All other liabilities $5,065

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $231,340
    Loan and leases loss allowance $2,467
    Total loans and leases (domestic) $233,807
    All real estate loans $212,171
    Real estate loans in domestic offices $212,171
    Construction and development loans $28,151
    Residential 1-4 family construction $8,335
    Other construction, all land development and other land $19,816
    Loans secured by nonfarm nonresidential properties $85,934
    Nonfarm nonresidential secured by owner-occupied properties $50,112
    Commercial real estate & other non-farm, non-residential $35,822
    Multifamily residential real estate $914
    1-4 family residential loans $94,950
    Farmland loans $2,222
    Loans held in foreign offices $0
    Farm loans $438
    Commercial and industrial loans $17,415
    To non-U.S. addressees $0
    Loans to individuals $3,284
    Credit card loans $0
    Related Plans $67
    Consumer Auto Loans $545
    Other loans to individuals $2,672
    All other loans & leases $499
    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 $829
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Merchants & Farmers Bank & Trust Company had $231,340,000 of loans outstanding in 2021. $212,171,000 of loans were in real estate loans. $28,151,000 of loans were in development loans. $914,000 of loans were in multifamily mortgage loans. $94,950,000 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. $545,000 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 $19,280 $147,176
    Nonfarm, nonresidential loans - <$100k 36 $1,478 $41,056
    Nonfarm, nonresidential loans - $100-250k 51 $6,302 $123,569
    Nonfarm, nonresidential loans - $250k-1MM 44 $11,500 $261,364
    Commercial & Industrial, US addressed loans - <$1MM 255 $11,943 $46,835
    Commercial & Industrial, US addressed loans - <$100k 199 $4,381 $22,015
    Commercial & Industrial, US addressed loans - $100-250k 45 $5,238 $116,400
    Commercial & Industrial, US addressed loans - $250k-1MM 11 $2,324 $211,273
    Farmland loans - <$1MM 21 $2,222 $105,810
    Farmland loans - <$100k 11 $533 $48,455
    Farmland loans - $100-250k 8 $1,004 $125,500
    Farmland loans - $250k-1MM 2 $685 $342,500
    Agriculture operations loans - <$1MM 10 $438 $43,800
    Agriculture operations loans - <$100k 8 $190 $23,750
    Agriculture operations loans - $100-250k 1 $64 $64,000
    Agriculture operations loans - $250k-1MM 1 $184 $184,000