Field & Main Bank Mortgage Rates, Fees & Info

HENDERSON, KY

LEI: 549300PH1RMZ3NKH2953

Tax ID: 61-0297243

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Field & Main Bank is a smaller bank specializing in Home Purchase loans. Field & Main Bank has a high proportion of conventional loans. Their top markets by origination volume include: Evansville, Crestview, Los Angeles, Lexington, and Paducah among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

Field & Main Bank has an above 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

Originations

276

Origination Dollar Volume (All Markets)

$35,960,000

Employee count

120

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
EVANSVILLE, IN-KY (FHA\|USDA\|VA)	248	$26,910,000	$108,508	$0	0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	2	$3,030,000	$1,515,000	$0	0.00%
Outside of Metro Areas	11	$1,555,000	$141,364	$0	0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA\|USDA\|VA)	1	$885,000	$885,000	$0	0.00%
LEXINGTON-FAYETTE, KY (FHA\|USDA\|VA)	2	$820,000	$410,000	$0	0.00%
Paducah, KY-IL (FHA\|USDA\|VA)	1	$705,000	$705,000	$0	0.00%
LOUISVILLE, KY (FHA\|USDA\|VA)	2	$590,000	$295,000	$0	0.00%
Glenwood Springs, CO (FHA\|USDA\|VA)	1	$545,000	$545,000	$0	0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA\|USDA\|VA)	1	$405,000	$405,000	$0	0.00%
Jasper, IN (FHA\|USDA\|VA)	2	$140,000	$70,000	$0	0.00%
Madisonville, KY (FHA\|USDA\|VA)	3	$135,000	$45,000	$0	0.00%
PANAMA CITY, FL (FHA\|USDA\|VA)	1	$125,000	$125,000	$0	0.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA\|USDA\|VA)	1	$115,000	$115,000	$0	0.00%

Field & Main Bank's top markets include Evansville, Crestview, Los Angeles, Lexington, and Paducah among others.

Their top states include:

Indiana (FHA|USDA|VA)

Kentucky (FHA|USDA|VA)

Florida (FHA|USDA|VA)

California (FHA|USDA|VA)

Colorado (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	276	$35,960,000	$130,290	$0	0.00%

For 2018, Field & Main Bank's most frequently originated type of loan was Conventional, with 276 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	182	$24,540,000	$134,835	$0	0.00%
Cash Out Refi	47	$4,215,000	$89,681	$0	0.00%
Refi	37	$6,515,000	$176,081	$0	0.00%
Home Improvement	9	$675,000	$75,000	$0	0.00%
Other	1	$15,000	$15,000	$0	0.00%

For 2018, Field & Main Bank's most frequently cited loan purpose was Home Purchase, with 182 originations. The 2nd most popular reason was Cash Out Refi, with 47 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	276	$35,960,000	$130,290	$0	0.00%

For 2018, Field & Main Bank's most frequently cited loan duration was Other, with 276 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	157	$8,555,000	$54,490	$0	0.00%
$100k-200k	79	$10,795,000	$136,646	$0	0.00%
$200k-400k	27	$7,295,000	$270,185	$0	0.00%
$400k-600k	8	$3,950,000	$493,750	$0	0.00%
$600k-1MM	3	$2,335,000	$778,333	$0	0.00%
$1MM+	2	$3,030,000	$1,515,000	$0	0.00%

2018 saw Field & Main Bank place emphasis on $100,000 or less loans with 157 originations, totaling $8,555,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	48	$3,480,000	$72,500	$0	0.00%
$50k-75k	42	$3,430,000	$81,667	$0	0.00%
$100k-150k	40	$7,160,000	$179,000	$0	0.00%
$75k-100k	22	$3,160,000	$143,636	$0	0.00%
$150k-250k	14	$2,410,000	$172,143	$0	0.00%
$250k+	5	$1,875,000	$375,000	$0	0.00%

Field & Main Bank lent most frequently to those with incomes in the $50k or less range, with 48 originations. The second most popular income band? $50k-75k, with 42 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	276	$35,960,000	$130,290	$0	0.00%

Field & Main Bank lent most frequently to those with DTI ratios of Exempt%, with 276 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	170	$21,190,000	$124,647	$0	0.00%
Not applicable	101	$14,035,000	$138,960	$0	0.00%
Asian	1	$405,000	$405,000	$0	0.00%
Black	4	$330,000	$82,500	$0	0.00%

Approval Rates

Total approvals of all applications
91.45%

Field & Main Bank has an average approval rate.

Pick Rate

Approvals leading to origination
83.70%

Field & Main Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	276	$35,960,000	$130,290

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	7	$2,715,000	$387,857
Single Family (1-4 Units):Manufactured	8	$630,000	$78,750
Single Family (1-4 Units):Site-Built	261	$32,615,000	$124,962

Complaints

Bank Name	Product	Issue	2018 CPFB Complaints	% of Total Issues
Fleet Mortgage Corp	Conventional home mortgage	Applying for a mortgage or refinancing an existing mortgage	1	100.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Field & Main Bank	1020 North Burkhardt Road Evansville, IN 47715	Full Service B&M	$27,996
Field & Main Bank	103 Bridge Street Cynthiana, KY 41031	Limited, Drive-thru	$59,311
Field & Main Bank	140 North Main Street Henderson, KY 42420	Full Service B&M	$226,678
Field & Main Bank	1716 Second Street Henderson, KY 42420	Full Service B&M	$18,493
Field & Main Bank	400 Barret Boulevard Henderson, KY 42420	Full Service B&M	$21,149

For 2018, Field & Main Bank had 5 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$18,611
Net interest income	$15,743
Total noninterest income	$7,136
Gross Fiduciary activities income	$2,375
Service charges on deposit accounts	$1,031
Trading account gains and fees	$0
Additional Noninterest Income	$3,730
Pre-tax net operating income	$4,966
Securities gains (or losses, -)	$21
Income before extraordinary items	$4,246
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$4,246
Minority interest net income	$0
Net income	$4,246
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$4,228

Field & Main Bank's gross interest income from loans was $18,611,000.
Field & Main Bank's net interest income from loans was $15,743,000.
Field & Main Bank's fee based income from loans was $1,031,000.
Field & Main Bank's net income from loans was $4,246,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$2,868
Provision for credit losses	$480
Total noninterest expense	$17,433
Salaries and employee benefits	$9,633
Premises and equipment expense	$2,456
Additional noninterest expense	$5,344
Applicable income taxes	$741
Net charge-offs	$333
Cash dividends	$2,175

Field & Main Bank's interest expense for loans was $2,868,000.
Field & Main Bank's payroll and benefits expense were $9,633,000.
Field & Main Bank's property, plant and equipment expenses $2,456,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	1.0%
Real Estate loans	1.0%
Construction & Land Development loans	1.0%
Nonfarm, nonresidential loans	2.0%
Multifamily residential loans	2.0%
1-4 family residential loans	1.0%
HELOC loans	1.0%
All other family	1.0%
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	$378,700
Deposits held in domestic offices	$378,700
Deposits by Individuals, partnerships, and corporations	$297,566
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$48,158
Deposits by Commercial banks and other depository institutions in U.S.	$32,976
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$27,572
Demand deposits	$21,117
Nontransaction accounts	$351,128
Money market deposit accounts (MMDAs)	$42,944
Other savings deposits (excluding MMDAs)	$162,872
Total time deposits	$145,312
Total time and savings deposits	$357,583
Noninterest-bearing deposits	$95,993
Interest-bearing deposits	$282,707
Retail deposits	$336,724
IRAs and Keogh plan accounts	$11,777
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$443,520
Cash & Balances due from depository institutions	$12,571
Interest-bearing balances	$4,135
Total securities	$40,057
Federal funds sold & reverse repurchase	$0
Net loans and leases	$351,177
Loan and leases loss allowance	$4,430
Trading account assets	$0
Bank premises and fixed assets	$14,107
Other real estate owned	$125
Goodwill and other intangibles	$8,341
All other assets	$17,142

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$443,520
Total Liabilities	$397,220
Total deposits	$378,700
Interest-bearing deposits	$282,707
Deposits held in domestic offices	$378,700
% insured (estimated)	$77
Federal funds purchased and repurchase agreements	$949
Trading liabilities	$0
Other borrowed funds	$14,632
Subordinated debt	$0
All other liabilities	$2,939

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$351,177
Loan and leases loss allowance	$4,430
Total loans and leases (domestic)	$355,607
All real estate loans	$278,950
Real estate loans in domestic offices	$278,950
Construction and development loans	$32,550
Residential 1-4 family construction	$8,666
Other construction, all land development and other land	$23,884
Loans secured by nonfarm nonresidential properties	$108,630
Nonfarm nonresidential secured by owner-occupied properties	$49,988
Commercial real estate & other non-farm, non-residential	$58,642
Multifamily residential real estate	$9,175
1-4 family residential loans	$114,398
Farmland loans	$14,197
Loans held in foreign offices	$0
Farm loans	$12,671
Commercial and industrial loans	$55,432
To non-U.S. addressees	$0
Loans to individuals	$4,521
Credit card loans	$0
Related Plans	$42
Consumer Auto Loans	$2,172
Other loans to individuals	$2,307
All other loans & leases	$4,087
Loans to foreign governments and official institutions	$0
Other loans	$256
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$1,122
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

FIELD & MAIN BANK had $351,177,000 of loans outstanding in 2018. $278,950,000 of loans were in real estate loans. $32,550,000 of loans were in development loans. $9,175,000 of loans were in multifamily mortgage loans. $114,398,000 of loans were in 1-4 family mortgage loans. $12,671,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,172,000 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	213	$43,691	$205,122
Nonfarm, nonresidential loans - <$100k	56	$2,287	$40,839
Nonfarm, nonresidential loans - $100-250k	73	$9,213	$126,205
Nonfarm, nonresidential loans - $250k-1MM	84	$32,191	$383,226
Commercial & Industrial, US addressed loans - <$1MM	382	$30,783	$80,584
Commercial & Industrial, US addressed loans - <$100k	272	$6,179	$22,717
Commercial & Industrial, US addressed loans - $100-250k	62	$5,506	$88,806
Commercial & Industrial, US addressed loans - $250k-1MM	48	$19,098	$397,875
Farmland loans - <$1MM	63	$8,969	$142,365
Farmland loans - <$100k	26	$954	$36,692
Farmland loans - $100-250k	18	$2,422	$134,556
Farmland loans - $250k-1MM	19	$5,593	$294,368
Agriculture operations loans - <$1MM	40	$3,968	$99,200
Agriculture operations loans - <$100k	25	$739	$29,560
Agriculture operations loans - $100-250k	7	$767	$109,571
Agriculture operations loans - $250k-1MM	8	$2,462	$307,750