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 Home Purchase and Refi loans. Farmers Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Evansville, Bowling Green, Paducah, Central City, and Owensboro among others. We have data for 13 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

    162

    Origination Dollar Volume (All Markets)

    $17,130,000

    Employee count

    83

    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 70 $6,640,000 $94,857 $0 0.00%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 33 $2,615,000 $79,242 $0 0.00%
    BOWLING GREEN, KY (FHA|USDA|VA) 8 $2,240,000 $280,000 $0 0.00%
    Paducah, KY-IL (FHA|USDA|VA) 23 $1,905,000 $82,826 $0 0.00%
    Central City, KY (FHA|USDA|VA) 13 $1,325,000 $101,923 $0 0.00%
    OWENSBORO, KY (FHA|USDA|VA) 6 $700,000 $116,667 $0 0.00%
    Madisonville, KY (FHA|USDA|VA) 3 $425,000 $141,667 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    Sevierville, TN (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Farmers Bank And Trust Company's top markets include Evansville, Bowling Green, Paducah, Central City, and Owensboro among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 162 $17,130,000 $105,741 $0 0.00%

    For 2019, Farmers Bank And Trust Company's most frequently originated type of loan was Conventional, with 162 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 88 $8,270,000 $93,977 $0 0.00%
    Refi 51 $7,605,000 $149,118 $0 0.00%
    Home Improvement 13 $575,000 $44,231 $0 0.00%
    Other 10 $680,000 $68,000 $0 0.00%

    For 2019, Farmers Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 88 originations. The 2nd most popular reason was Refi, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 162 $17,130,000 $105,741 $0 0.00%

    For 2019, Farmers Bank And Trust Company's most frequently cited loan duration was Other, with 162 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 108 $4,710,000 $43,611 $0 0.00%
    $100k-200k 33 $4,455,000 $135,000 $0 0.00%
    $200k-400k 15 $4,115,000 $274,333 $0 0.00%
    $400k-600k 3 $1,405,000 $468,333 $0 0.00%
    $600k-1MM 2 $1,370,000 $685,000 $0 0.00%
    $1MM+ 1 $1,075,000 $1,075,000 $0 0.00%

    2019 saw Farmers Bank And Trust Company place emphasis on $100,000 or less loans with 108 originations, totaling $4,710,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 33 $2,015,000 $61,061 $0 0.00%
    $50k-75k 26 $2,040,000 $78,462 $0 0.00%
    $75k-100k 24 $1,650,000 $68,750 $0 0.00%
    $100k-150k 19 $1,955,000 $102,895 $0 0.00%
    $150k-250k 16 $2,060,000 $128,750 $0 0.00%
    $250k+ 9 $1,645,000 $182,778 $0 0.00%

    Farmers Bank And Trust Company lent most frequently to those with incomes in the $50k or less range, with 33 originations. The second most popular income band? $50k-75k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 162 $17,130,000 $105,741 $0 0.00%

    Farmers Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 162 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 126 $12,270,000 $97,381 $0 0.00%
    Not applicable 34 $4,690,000 $137,941 $0 0.00%
    American Indian 1 $155,000 $155,000 $0 0.00%
    Black 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.55%

    Farmers Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.89%

    Farmers Bank And Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 162 $17,130,000 $105,741

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $80,000 $40,000
    Multifamily:Site-Built 4 $2,200,000 $550,000
    Single Family (1-4 Units):Manufactured 21 $1,465,000 $69,762
    Single Family (1-4 Units):Site-Built 135 $13,385,000 $99,148

    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 $22,710
    Farmers Bank and Trust Company 201 South Main Street Marion, KY 42064 Full Service B&M $78,598
    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 $35,960
    Farmers Bank and Trust Company 2215 North Main Street Madisonville, KY 42431 Full Service B&M $19,338

    For 2019, Farmers Bank And Trust Company had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,745
    Net interest income $9,647
    Total noninterest income $1,613
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $638
    Trading account gains and fees $0
    Additional Noninterest Income $975
    Pre-tax net operating income $2,557
    Securities gains (or losses, -) $-32
    Income before extraordinary items $2,525
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,525
    Minority interest net income $0
    Net income $2,525
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,557

    Farmers Bank And Trust Company's gross interest income from loans was $11,745,000.
    Farmers Bank And Trust Company's net interest income from loans was $9,647,000.
    Farmers Bank And Trust Company's fee based income from loans was $638,000.
    Farmers Bank And Trust Company's net income from loans was $2,525,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,098
    Provision for credit losses $157
    Total noninterest expense $8,546
    Salaries and employee benefits $4,381
    Premises and equipment expense $792
    Additional noninterest expense $3,373
    Applicable income taxes $0
    Net charge-offs $177
    Cash dividends $4,035

    Farmers Bank And Trust Company's interest expense for loans was $2,098,000.
    Farmers Bank And Trust Company's payroll and benefits expense were $4,381,000.
    Farmers Bank And Trust Company's property, plant and equipment expenses $792,000.

    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 $310,497
    Deposits held in domestic offices $310,497
    Deposits by Individuals, partnerships, and corporations $276,695
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $33,702
    Deposits by Commercial banks and other depository institutions in U.S. $100
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $150,051
    Demand deposits $65,135
    Nontransaction accounts $160,446
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $34,949
    Total time deposits $125,497
    Total time and savings deposits $245,362
    Noninterest-bearing deposits $54,128
    Interest-bearing deposits $256,369
    Retail deposits $287,964
    IRAs and Keogh plan accounts $13,653
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $374,295
    Cash & Balances due from depository institutions $8,662
    Interest-bearing balances $3,757
    Total securities $47,130
    Federal funds sold & reverse repurchase $0
    Net loans and leases $291,082
    Loan and leases loss allowance $1,742
    Trading account assets $0
    Bank premises and fixed assets $13,303
    Other real estate owned $18
    Goodwill and other intangibles $4,124
    All other assets $9,976

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $374,295
    Total Liabilities $333,069
    Total deposits $310,497
    Interest-bearing deposits $256,369
    Deposits held in domestic offices $310,497
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $20,200
    Subordinated debt $0
    All other liabilities $2,372

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $291,082
    Loan and leases loss allowance $1,742
    Total loans and leases (domestic) $292,824
    All real estate loans $255,801
    Real estate loans in domestic offices $255,801
    Construction and development loans $10,726
    Residential 1-4 family construction $6,082
    Other construction, all land development and other land $4,644
    Loans secured by nonfarm nonresidential properties $60,107
    Nonfarm nonresidential secured by owner-occupied properties $28,391
    Commercial real estate & other non-farm, non-residential $31,716
    Multifamily residential real estate $3,180
    1-4 family residential loans $139,641
    Farmland loans $42,147
    Loans held in foreign offices $0
    Farm loans $5,102
    Commercial and industrial loans $19,293
    To non-U.S. addressees $0
    Loans to individuals $11,897
    Credit card loans $0
    Related Plans $46
    Consumer Auto Loans $5,763
    Other loans to individuals $6,088
    All other loans & leases $731
    Loans to foreign governments and official institutions $0
    Other loans $731
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $52
    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 $291,082,000 of loans outstanding in 2019. $255,801,000 of loans were in real estate loans. $10,726,000 of loans were in development loans. $3,180,000 of loans were in multifamily mortgage loans. $139,641,000 of loans were in 1-4 family mortgage loans. $5,102,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,763,000 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 259 $40,624 $156,849
    Nonfarm, nonresidential loans - <$100k 111 $4,121 $37,126
    Nonfarm, nonresidential loans - $100-250k 76 $9,216 $121,263
    Nonfarm, nonresidential loans - $250k-1MM 72 $27,287 $378,986
    Commercial & Industrial, US addressed loans - <$1MM 400 $16,278 $40,695
    Commercial & Industrial, US addressed loans - <$100k 352 $6,823 $19,384
    Commercial & Industrial, US addressed loans - $100-250k 31 $2,873 $92,677
    Commercial & Industrial, US addressed loans - $250k-1MM 17 $6,582 $387,176
    Farmland loans - <$1MM 288 $28,060 $97,431
    Farmland loans - <$100k 139 $5,180 $37,266
    Farmland loans - $100-250k 112 $13,423 $119,848
    Farmland loans - $250k-1MM 37 $9,457 $255,595
    Agriculture operations loans - <$1MM 205 $5,102 $24,888
    Agriculture operations loans - <$100k 195 $3,289 $16,867
    Agriculture operations loans - $100-250k 7 $687 $98,143
    Agriculture operations loans - $250k-1MM 3 $1,126 $375,333