Farmers And Merchants Bank Mortgage Rates, Fees & Info

Milford, NE

LEI: 549300NQ6JHMRWQ5IH65

Tax ID: 47-0369814

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
  • 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

    Farmers And Merchants Bank is a smaller bank specializing in various types of mortgages.



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    Originations

    0

    Origination Dollar Volume (All Markets)

    $0

    Employee count

    67

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Farmers and Merchants Bank 101 S Calvert St Lawrence, NE 68957 Full Service B&M $17,901
    Farmers and Merchants Bank 201 Eldora Avenue Weeping Water, NE 68463 Full Service B&M $29,052
    Farmers and Merchants Bank 202 Locust Street Panama, NE 68419 Full Service B&M $11,209
    Farmers and Merchants Bank 301 Nemaha Street Firth, NE 68358 Full Service B&M $9,249
    Farmers and Merchants Bank 3015 2nd Avenue Kearney, NE 68847 Full Service B&M $81,694
    Farmers and Merchants Bank 321 South Main Wilber, NE 68465 Full Service B&M $33,143
    Farmers and Merchants Bank 347 C Street Palmyra, NE 68418 Full Service B&M $18,216
    Farmers and Merchants Bank 355 North Central Superior, NE 68978 Full Service B&M $32,785
    Farmers and Merchants Bank 427 Central Avenue Ericson, NE 68637 Full Service B&M $42,028
    Farmers and Merchants Bank 617 First Street Milford, NE 68405 Full Service B&M $425,861
    Farmers and Merchants Bank 900 Dimery Street Beaver Crossing, NE 68313 Full Service B&M $15,522
    Farmers and Merchants Bank Broad And Elm Streets Jansen, NE 68377 Full Service B&M $9,927

    For 2021, Farmers And Merchants Bank had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $24,083
    Net interest income $15,415
    Total noninterest income $1,275
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $223
    Trading account gains and fees $0
    Additional Noninterest Income $1,052
    Pre-tax net operating income $5,836
    Securities gains (or losses, -) $5,983
    Income before extraordinary items $9,750
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,750
    Minority interest net income $0
    Net income $9,750
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,843

    Farmers And Merchants Bank's gross interest income from loans was $24,083,000.
    Farmers And Merchants Bank's net interest income from loans was $15,415,000.
    Farmers And Merchants Bank's fee based income from loans was $223,000.
    Farmers And Merchants Bank's net income from loans was $9,750,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,668
    Provision for credit losses $0
    Total noninterest expense $10,854
    Salaries and employee benefits $5,584
    Premises and equipment expense $1,512
    Additional noninterest expense $3,758
    Applicable income taxes $2,069
    Net charge-offs $267
    Cash dividends $2,000

    Farmers And Merchants Bank's interest expense for loans was $8,668,000.
    Farmers And Merchants Bank's payroll and benefits expense were $5,584,000.
    Farmers And Merchants Bank's property, plant and equipment expenses $1,512,000.

    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 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $728,657
    Deposits held in domestic offices $728,657
    Deposits by Individuals, partnerships, and corporations $677,619
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $51,038
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $94,618
    Demand deposits $63,107
    Nontransaction accounts $634,039
    Money market deposit accounts (MMDAs) $201,627
    Other savings deposits (excluding MMDAs) $295,008
    Total time deposits $137,404
    Total time and savings deposits $665,550
    Noninterest-bearing deposits $10,215
    Interest-bearing deposits $718,442
    Retail deposits $377,378
    IRAs and Keogh plan accounts $28,985
    Brokered deposits $370,193
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $901,344
    Cash & Balances due from depository institutions $56,647
    Interest-bearing balances $28,012
    Total securities $536,853
    Federal funds sold & reverse repurchase $1,976
    Net loans and leases $251,992
    Loan and leases loss allowance $1,481
    Trading account assets $0
    Bank premises and fixed assets $2,528
    Other real estate owned $0
    Goodwill and other intangibles $14,131
    All other assets $37,217

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $901,344
    Total Liabilities $810,402
    Total deposits $728,657
    Interest-bearing deposits $718,442
    Deposits held in domestic offices $728,657
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $217
    Trading liabilities $0
    Other borrowed funds $60,000
    Subordinated debt $0
    All other liabilities $21,528

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $251,992
    Loan and leases loss allowance $1,481
    Total loans and leases (domestic) $253,473
    All real estate loans $149,013
    Real estate loans in domestic offices $149,013
    Construction and development loans $2,455
    Residential 1-4 family construction $2,455
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $18,407
    Nonfarm nonresidential secured by owner-occupied properties $6,924
    Commercial real estate & other non-farm, non-residential $11,483
    Multifamily residential real estate $2,300
    1-4 family residential loans $25,559
    Farmland loans $100,292
    Loans held in foreign offices $0
    Farm loans $54,887
    Commercial and industrial loans $23,017
    To non-U.S. addressees $0
    Loans to individuals $18,024
    Credit card loans $0
    Related Plans $25
    Consumer Auto Loans $1,053
    Other loans to individuals $16,946
    All other loans & leases $8,533
    Loans to foreign governments and official institutions $0
    Other loans $134
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Farmers and Merchants Bank had $251,992,000 of loans outstanding in 2021. $149,013,000 of loans were in real estate loans. $2,455,000 of loans were in development loans. $2,300,000 of loans were in multifamily mortgage loans. $25,559,000 of loans were in 1-4 family mortgage loans. $54,887,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,053,000 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 77 $11,279 $146,481
    Nonfarm, nonresidential loans - <$100k 33 $1,050 $31,818
    Nonfarm, nonresidential loans - $100-250k 21 $2,899 $138,048
    Nonfarm, nonresidential loans - $250k-1MM 23 $7,330 $318,696
    Commercial & Industrial, US addressed loans - <$1MM 158 $14,894 $94,266
    Commercial & Industrial, US addressed loans - <$100k 103 $1,936 $18,796
    Commercial & Industrial, US addressed loans - $100-250k 28 $2,984 $106,571
    Commercial & Industrial, US addressed loans - $250k-1MM 27 $9,974 $369,407
    Farmland loans - <$1MM 206 $31,428 $152,563
    Farmland loans - <$100k 65 $2,093 $32,200
    Farmland loans - $100-250k 74 $9,355 $126,419
    Farmland loans - $250k-1MM 67 $19,980 $298,209
    Agriculture operations loans - <$1MM 349 $19,072 $54,648
    Agriculture operations loans - <$100k 237 $5,829 $24,595
    Agriculture operations loans - $100-250k 77 $6,599 $85,701
    Agriculture operations loans - $250k-1MM 35 $6,644 $189,829