Farmers Bank And Trust Company Mortgage Rates, Fees & Info

Marion, KY

LEI: 549300P8KQYPAVPZL931

Tax ID: 61-0189020

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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 Bank And Trust Company is a smaller bank specializing in Refi and Home Purchase loans. Farmers Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Evansville, Madisonville, Paducah, Crestview, and Clarksville among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Farmers Bank And 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

    151

    Origination Dollar Volume (All Markets)

    $14,135,000

    Employee count

    48

    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
    Outside of Metro Areas 73 $5,825,000 $79,795 $0 0.00%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 41 $4,035,000 $98,415 $0 0.00%
    Madisonville, KY (FHA|USDA|VA) 17 $1,945,000 $114,412 $0 0.00%
    Paducah, KY-IL (FHA|USDA|VA) 16 $1,510,000 $94,375 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $450,000 $225,000 $0 0.00%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    Mayfield, KY (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Farmers Bank And Trust Company's top markets include Evansville, Madisonville, Paducah, Crestview, and Clarksville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 151 $14,135,000 $93,609 $0 0.00%

    For 2018, Farmers Bank And Trust Company's most frequently originated type of loan was Conventional, with 151 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 72 $7,230,000 $100,417 $0 0.00%
    Home Purchase 71 $6,615,000 $93,169 $0 0.00%
    Home Improvement 4 $200,000 $50,000 $0 0.00%
    Other 4 $90,000 $22,500 $0 0.00%

    For 2018, Farmers Bank And Trust Company's most frequently cited loan purpose was Refi, with 72 originations. The 2nd most popular reason was Home Purchase, with 71 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 151 $14,135,000 $93,609 $0 0.00%

    For 2018, Farmers Bank And Trust Company's most frequently cited loan duration was Other, with 151 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 107 $5,345,000 $49,953 $0 0.00%
    $100k-200k 27 $3,715,000 $137,593 $0 0.00%
    $200k-400k 13 $3,205,000 $246,538 $0 0.00%
    $400k-600k 4 $1,870,000 $467,500 $0 0.00%

    2018 saw Farmers Bank And Trust Company place emphasis on $100,000 or less loans with 107 originations, totaling $5,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 35 $1,625,000 $46,429 $0 0.00%
    $50k-75k 32 $2,320,000 $72,500 $0 0.00%
    $75k-100k 27 $2,295,000 $85,000 $0 0.00%
    $100k-150k 23 $2,325,000 $101,087 $0 0.00%
    $150k-250k 12 $1,130,000 $94,167 $0 0.00%
    $250k+ 2 $910,000 $455,000 $0 0.00%

    Farmers Bank And Trust Company lent most frequently to those with incomes in the $50k or less range, with 35 originations. The second most popular income band? $50k-75k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 151 $14,135,000 $93,609 $0 0.00%

    Farmers Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 151 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 133 $10,935,000 $82,218 $0 0.00%
    Not applicable 16 $3,070,000 $191,875 $0 0.00%
    Asian 1 $115,000 $115,000 $0 0.00%
    American Indian 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.36%

    Farmers Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.40%

    Farmers Bank And Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 151 $14,135,000 $93,609

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $75,000 $75,000
    Multifamily:Site-Built 6 $1,430,000 $238,333
    Single Family (1-4 Units):Manufactured 16 $920,000 $57,500
    Single Family (1-4 Units):Site-Built 128 $11,710,000 $91,484

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Farmers Bank and Trust Company 1555 South Green Street Henderson, KY 42420 Full Service B&M $17,596
    Farmers Bank and Trust Company 201 South Main Street Marion, KY 42064 Full Service B&M $90,324
    Farmers Bank and Trust Company 203 North Main Street Marion, KY 42064 Limited, Drive-thru $0
    Farmers Bank and Trust Company 216 West Main Street Salem, KY 42078 Full Service B&M $33,753
    Farmers Bank and Trust Company 2215 North Main Street Madisonville, KY 42431 Full Service B&M $17,423

    For 2018, Farmers Bank And Trust Company had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,046
    Net interest income $7,772
    Total noninterest income $1,258
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $561
    Trading account gains and fees $0
    Additional Noninterest Income $697
    Pre-tax net operating income $2,109
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,109
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,109
    Minority interest net income $0
    Net income $2,109
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,109

    Farmers Bank And Trust Company's gross interest income from loans was $9,046,000.
    Farmers Bank And Trust Company's net interest income from loans was $7,772,000.
    Farmers Bank And Trust Company's fee based income from loans was $561,000.
    Farmers Bank And Trust Company's net income from loans was $2,109,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,274
    Provision for credit losses $155
    Total noninterest expense $6,766
    Salaries and employee benefits $3,732
    Premises and equipment expense $605
    Additional noninterest expense $2,429
    Applicable income taxes $0
    Net charge-offs $185
    Cash dividends $969

    Farmers Bank And Trust Company's interest expense for loans was $1,274,000.
    Farmers Bank And Trust Company's payroll and benefits expense were $3,732,000.
    Farmers Bank And Trust Company's property, plant and equipment expenses $605,000.

    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 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 $156,071
    Deposits held in domestic offices $156,071
    Deposits by Individuals, partnerships, and corporations $138,114
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $17,957
    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 $83,866
    Demand deposits $42,849
    Nontransaction accounts $72,205
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $23,290
    Total time deposits $48,915
    Total time and savings deposits $113,222
    Noninterest-bearing deposits $31,740
    Interest-bearing deposits $124,331
    Retail deposits $153,946
    IRAs and Keogh plan accounts $9,223
    Brokered deposits $1,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $203,870
    Cash & Balances due from depository institutions $5,291
    Interest-bearing balances $2,385
    Total securities $33,915
    Federal funds sold & reverse repurchase $0
    Net loans and leases $149,443
    Loan and leases loss allowance $1,762
    Trading account assets $0
    Bank premises and fixed assets $7,506
    Other real estate owned $77
    Goodwill and other intangibles $0
    All other assets $7,638

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $203,870
    Total Liabilities $180,020
    Total deposits $156,071
    Interest-bearing deposits $124,331
    Deposits held in domestic offices $156,071
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $23,000
    Subordinated debt $0
    All other liabilities $949

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $149,443
    Loan and leases loss allowance $1,762
    Total loans and leases (domestic) $151,205
    All real estate loans $129,006
    Real estate loans in domestic offices $129,006
    Construction and development loans $578
    Residential 1-4 family construction $568
    Other construction, all land development and other land $10
    Loans secured by nonfarm nonresidential properties $31,746
    Nonfarm nonresidential secured by owner-occupied properties $14,943
    Commercial real estate & other non-farm, non-residential $16,803
    Multifamily residential real estate $1,112
    1-4 family residential loans $66,104
    Farmland loans $29,466
    Loans held in foreign offices $0
    Farm loans $4,122
    Commercial and industrial loans $10,641
    To non-U.S. addressees $0
    Loans to individuals $7,387
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $3,095
    Other loans to individuals $4,292
    All other loans & leases $49
    Loans to foreign governments and official institutions $0
    Other loans $49
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $88
    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 Bank and Trust Company had $149,443,000 of loans outstanding in 2018. $129,006,000 of loans were in real estate loans. $578,000 of loans were in development loans. $1,112,000 of loans were in multifamily mortgage loans. $66,104,000 of loans were in 1-4 family mortgage loans. $4,122,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,095,000 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 170 $24,172 $142,188
    Nonfarm, nonresidential loans - <$100k 76 $2,485 $32,697
    Nonfarm, nonresidential loans - $100-250k 52 $6,823 $131,212
    Nonfarm, nonresidential loans - $250k-1MM 42 $14,864 $353,905
    Commercial & Industrial, US addressed loans - <$1MM 288 $8,387 $29,122
    Commercial & Industrial, US addressed loans - <$100k 261 $4,500 $17,241
    Commercial & Industrial, US addressed loans - $100-250k 21 $1,970 $93,810
    Commercial & Industrial, US addressed loans - $250k-1MM 6 $1,917 $319,500
    Farmland loans - <$1MM 236 $22,655 $95,996
    Farmland loans - <$100k 118 $4,521 $38,314
    Farmland loans - $100-250k 87 $10,438 $119,977
    Farmland loans - $250k-1MM 31 $7,696 $248,258
    Agriculture operations loans - <$1MM 187 $4,069 $21,759
    Agriculture operations loans - <$100k 179 $2,958 $16,525
    Agriculture operations loans - $100-250k 7 $728 $104,000
    Agriculture operations loans - $250k-1MM 1 $383 $383,000