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: Bowling Green, Central City, Evansville, Lexington, and Paducah among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Farmers Bank And Trust Company has an above average approval rate when compared to the average across all lenders. They have an above 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

    328

    Origination Dollar Volume (All Markets)

    $55,080,000

    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
    BOWLING GREEN, KY (FHA|USDA|VA) 45 $13,705,000 $304,556 $0 0.00%
    Central City, KY (FHA|USDA|VA) 82 $12,280,000 $149,756 $0 0.00%
    Outside of Metro Areas 95 $10,345,000 $108,895 $0 0.00%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 50 $7,260,000 $145,200 $0 0.00%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $2,155,000 $2,155,000 $0 0.00%
    Paducah, KY-IL (FHA|USDA|VA) 15 $1,505,000 $100,333 $0 0.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $1,355,000 $451,667 $0 0.00%
    Madisonville, KY (FHA|USDA|VA) 10 $1,330,000 $133,000 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 3 $1,095,000 $365,000 $0 0.00%
    OWENSBORO, KY (FHA|USDA|VA) 7 $705,000 $100,714 $0 0.00%
    Richmond-Berea, KY (FHA|USDA|VA) 2 $570,000 $285,000 $0 0.00%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
    Sevierville, TN (FHA|USDA|VA) 2 $400,000 $200,000 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
    Albertville, AL (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    Maysville, KY (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $190,000 $95,000 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Murray, KY (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Washington, IN (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Glasgow, KY (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Farmers Bank And Trust Company's top markets include Bowling Green, Central City, Evansville, Lexington, and Paducah among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 328 $55,080,000 $167,927 $0 0.00%

    For 2020, Farmers Bank And Trust Company's most frequently originated type of loan was Conventional, with 328 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 166 $24,380,000 $146,867 $0 0.00%
    Refi 139 $29,475,000 $212,050 $0 0.00%
    Home Improvement 14 $700,000 $50,000 $0 0.00%
    Other 9 $525,000 $58,333 $0 0.00%

    For 2020, Farmers Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 166 originations. The 2nd most popular reason was Refi, with 139 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 328 $55,080,000 $167,927 $0 0.00%

    For 2020, Farmers Bank And Trust Company's most frequently cited loan duration was Other, with 328 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 164 $9,100,000 $55,488 $0 0.00%
    $100k-200k 83 $11,765,000 $141,747 $0 0.00%
    $200k-400k 54 $14,810,000 $274,259 $0 0.00%
    $400k-600k 15 $7,225,000 $481,667 $0 0.00%
    $600k-1MM 9 $6,725,000 $747,222 $0 0.00%
    $1MM+ 3 $5,455,000 $1,818,333 $0 0.00%

    2020 saw Farmers Bank And Trust Company place emphasis on $100,000 or less loans with 164 originations, totaling $9,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 56 $5,660,000 $101,071 $0 0.00%
    $100k-150k 53 $8,225,000 $155,189 $0 0.00%
    $50k or less 47 $2,975,000 $63,298 $0 0.00%
    $75k-100k 43 $5,685,000 $132,209 $0 0.00%
    $150k-250k 33 $6,045,000 $183,182 $0 0.00%
    $250k+ 19 $5,425,000 $285,526 $0 0.00%

    Farmers Bank And Trust Company lent most frequently to those with incomes in the $50k-75k range, with 56 originations. The second most popular income band? $100k-150k, with 53 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 328 $55,080,000 $167,927 $0 0.00%

    Farmers Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 328 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 252 $33,810,000 $134,167 $0 0.00%
    Not applicable 72 $20,700,000 $287,500 $0 0.00%
    Asian 1 $355,000 $355,000 $0 0.00%
    Black 3 $215,000 $71,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.05%

    Farmers Bank And Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    94.51%

    Farmers Bank And Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 328 $55,080,000 $167,927

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $35,000 $35,000
    Multifamily:Site-Built 22 $11,710,000 $532,273
    Single Family (1-4 Units):Manufactured 31 $2,645,000 $85,323
    Single Family (1-4 Units):Site-Built 274 $40,690,000 $148,504

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Farmers Bank and Trust Company 110 North First Street Central City, KY 42330 Full Service B&M $43,103
    Farmers Bank and Trust Company 112 West Depot Street Greenville, KY 42345 Full Service B&M $39,570
    Farmers Bank and Trust Company 1555 South Green Street Henderson, KY 42420 Full Service B&M $28,038
    Farmers Bank and Trust Company 2009 Scottsville Rd Bowling Green, KY 42104 Full Service B&M $15,564
    Farmers Bank and Trust Company 201 East Third Street Livermore, KY 42352 Full Service B&M $16,618
    Farmers Bank and Trust Company 201 South Main Street Marion, KY 42064 Full Service B&M $107,585
    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 $44,088
    Farmers Bank and Trust Company 2215 North Main Street Madisonville, KY 42431 Full Service B&M $25,960
    Farmers Bank and Trust Company One Veterans Memorial Drive, P.O. Box 54 Calhoun, KY 42327 Full Service B&M $26,918

    For 2020, Farmers Bank And Trust Company had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $19,213
    Net interest income $16,815
    Total noninterest income $2,561
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $717
    Trading account gains and fees $0
    Additional Noninterest Income $1,844
    Pre-tax net operating income $6,218
    Securities gains (or losses, -) $115
    Income before extraordinary items $6,333
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,333
    Minority interest net income $0
    Net income $6,333
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,218

    Farmers Bank And Trust Company's gross interest income from loans was $19,213,000.
    Farmers Bank And Trust Company's net interest income from loans was $16,815,000.
    Farmers Bank And Trust Company's fee based income from loans was $717,000.
    Farmers Bank And Trust Company's net income from loans was $6,333,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,398
    Provision for credit losses $868
    Total noninterest expense $12,290
    Salaries and employee benefits $6,726
    Premises and equipment expense $1,340
    Additional noninterest expense $4,224
    Applicable income taxes $0
    Net charge-offs $29
    Cash dividends $2,517

    Farmers Bank And Trust Company's interest expense for loans was $2,398,000.
    Farmers Bank And Trust Company's payroll and benefits expense were $6,726,000.
    Farmers Bank And Trust Company's property, plant and equipment expenses $1,340,000.

    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 $372,759
    Deposits held in domestic offices $372,759
    Deposits by Individuals, partnerships, and corporations $333,292
    Deposits by U.S. Government $135
    Deposits by States and political subdivisions in the U.S. $39,132
    Deposits by Commercial banks and other depository institutions in U.S. $200
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $211,054
    Demand deposits $97,535
    Nontransaction accounts $161,705
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $45,339
    Total time deposits $116,366
    Total time and savings deposits $275,224
    Noninterest-bearing deposits $85,507
    Interest-bearing deposits $287,252
    Retail deposits $334,460
    IRAs and Keogh plan accounts $13,615
    Brokered deposits $20,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $450,070
    Cash & Balances due from depository institutions $13,378
    Interest-bearing balances $6,165
    Total securities $68,541
    Federal funds sold & reverse repurchase $0
    Net loans and leases $337,760
    Loan and leases loss allowance $2,582
    Trading account assets $0
    Bank premises and fixed assets $12,291
    Other real estate owned $16
    Goodwill and other intangibles $4,511
    All other assets $13,573

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $450,070
    Total Liabilities $404,446
    Total deposits $372,759
    Interest-bearing deposits $287,252
    Deposits held in domestic offices $372,759
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $29,000
    Subordinated debt $0
    All other liabilities $2,687

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $337,760
    Loan and leases loss allowance $2,582
    Total loans and leases (domestic) $340,342
    All real estate loans $284,684
    Real estate loans in domestic offices $284,684
    Construction and development loans $10,974
    Residential 1-4 family construction $7,331
    Other construction, all land development and other land $3,643
    Loans secured by nonfarm nonresidential properties $70,237
    Nonfarm nonresidential secured by owner-occupied properties $27,951
    Commercial real estate & other non-farm, non-residential $42,286
    Multifamily residential real estate $9,038
    1-4 family residential loans $149,523
    Farmland loans $44,912
    Loans held in foreign offices $0
    Farm loans $3,661
    Commercial and industrial loans $39,672
    To non-U.S. addressees $0
    Loans to individuals $12,128
    Credit card loans $0
    Related Plans $34
    Consumer Auto Loans $4,818
    Other loans to individuals $7,276
    All other loans & leases $197
    Loans to foreign governments and official institutions $0
    Other loans $197
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $55
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $289
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Farmers Bank and Trust Company had $337,760,000 of loans outstanding in 2020. $284,684,000 of loans were in real estate loans. $10,974,000 of loans were in development loans. $9,038,000 of loans were in multifamily mortgage loans. $149,523,000 of loans were in 1-4 family mortgage loans. $3,661,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,818,000 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 258 $42,534 $164,860
    Nonfarm, nonresidential loans - <$100k 100 $3,811 $38,110
    Nonfarm, nonresidential loans - $100-250k 81 $9,464 $116,840
    Nonfarm, nonresidential loans - $250k-1MM 77 $29,259 $379,987
    Commercial & Industrial, US addressed loans - <$1MM 635 $35,444 $55,817
    Commercial & Industrial, US addressed loans - <$100k 532 $11,369 $21,370
    Commercial & Industrial, US addressed loans - $100-250k 60 $7,060 $117,667
    Commercial & Industrial, US addressed loans - $250k-1MM 43 $17,015 $395,698
    Farmland loans - <$1MM 265 $24,801 $93,589
    Farmland loans - <$100k 131 $4,987 $38,069
    Farmland loans - $100-250k 95 $10,949 $115,253
    Farmland loans - $250k-1MM 39 $8,865 $227,308
    Agriculture operations loans - <$1MM 172 $3,661 $21,285
    Agriculture operations loans - <$100k 163 $2,526 $15,497
    Agriculture operations loans - $100-250k 8 $735 $91,875
    Agriculture operations loans - $250k-1MM 1 $400 $400,000