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, Cash Out Refi, and Refi loans. Field & Main Bank has a high proportion of conventional loans. Their top markets by origination volume include: Evansville, Lexington, Louisville, Nashville, and Owensboro among others. We have data for 12 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.

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Originations

288

Origination Dollar Volume (All Markets)

$38,820,000

Employee count

125

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)	243	$31,245,000	$128,580	$0	0.00%
LEXINGTON-FAYETTE, KY (FHA\|USDA\|VA)	14	$2,890,000	$206,429	$0	0.00%
Outside of Metro Areas	16	$1,780,000	$111,250	$0	0.00%
LOUISVILLE, KY (FHA\|USDA\|VA)	3	$575,000	$191,667	$0	0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	2	$460,000	$230,000	$0	0.00%
OWENSBORO, KY (FHA\|USDA\|VA)	3	$395,000	$131,667	$0	0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	1	$315,000	$315,000	$0	0.00%
Danville, KY (FHA\|USDA\|VA)	1	$255,000	$255,000	$0	0.00%
CINCINNATI, OH-KY-IN (FHA\|USDA\|VA)	2	$250,000	$125,000	$0	0.00%
Madisonville, KY (FHA\|USDA\|VA)	1	$245,000	$245,000	$0	0.00%
KNOXVILLE, TN (FHA\|USDA\|VA)	1	$235,000	$235,000	$0	0.00%
Central City, KY (FHA\|USDA\|VA)	1	$175,000	$175,000	$0	0.00%

Field & Main Bank's top markets include Evansville, Lexington, Louisville, Nashville, and Owensboro among others.

Their top states include:

Kentucky (FHA|USDA|VA)

Indiana (FHA|USDA|VA)

Tennessee (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Ohio (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	288	$38,820,000	$134,792	$0	0.00%

For 2019, Field & Main Bank's most frequently originated type of loan was Conventional, with 288 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	141	$19,435,000	$137,837	$0	0.00%
Cash Out Refi	72	$8,080,000	$112,222	$0	0.00%
Refi	65	$10,625,000	$163,462	$0	0.00%
Other	7	$255,000	$36,429	$0	0.00%
Home Improvement	3	$425,000	$141,667	$0	0.00%

For 2019, Field & Main Bank's most frequently cited loan purpose was Home Purchase, with 141 originations. The 2nd most popular reason was Cash Out Refi, with 72 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	288	$38,820,000	$134,792	$0	0.00%

For 2019, Field & Main Bank's most frequently cited loan duration was Other, with 288 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	135	$7,895,000	$58,481	$0	0.00%
$100k-200k	96	$13,630,000	$141,979	$0	0.00%
$200k-400k	50	$13,070,000	$261,400	$0	0.00%
$400k-600k	5	$2,205,000	$441,000	$0	0.00%
$1MM+	1	$1,355,000	$1,355,000	$0	0.00%
$600k-1MM	1	$665,000	$665,000	$0	0.00%

2019 saw Field & Main Bank place emphasis on $100,000 or less loans with 135 originations, totaling $7,895,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	44	$4,400,000	$100,000	$0	0.00%
$100k-150k	40	$8,260,000	$206,500	$0	0.00%
$75k-100k	32	$5,080,000	$158,750	$0	0.00%
$50k or less	29	$2,275,000	$78,448	$0	0.00%
$150k-250k	18	$3,770,000	$209,444	$0	0.00%
$250k+	14	$2,800,000	$200,000	$0	0.00%

Field & Main Bank lent most frequently to those with incomes in the $50k-75k range, with 44 originations. The second most popular income band? $100k-150k, with 40 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	288	$38,820,000	$134,792	$0	0.00%

Field & Main Bank lent most frequently to those with DTI ratios of Exempt%, with 288 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	181	$28,085,000	$155,166	$0	0.00%
Not applicable	98	$9,840,000	$100,408	$0	0.00%
Black	6	$500,000	$83,333	$0	0.00%
Asian Indian	2	$320,000	$160,000	$0	0.00%
Not provided	1	$75,000	$75,000	$0	0.00%

Approval Rates

Total approvals of all applications
93.77%

Field & Main Bank has an average approval rate.

Pick Rate

Approvals leading to origination
85.07%

Field & Main Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	288	$38,820,000	$134,792

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	2	$1,710,000	$855,000
Single Family (1-4 Units):Manufactured	6	$270,000	$45,000
Single Family (1-4 Units):Site-Built	280	$36,840,000	$131,571

Complaints

Bank Name	Product	Issue	2019 CPFB Complaints	% of Total Issues
Fleet Mortgage Corp	Other type of mortgage	Trouble during payment process	1	100.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Field & Main Bank	103 Bridge Street Cynthiana, KY 41031	Limited, Drive-thru	$64,191
Field & Main Bank	1020 North Burkhardt Road Evansville, IN 47715	Full Service B&M	$43,038
Field & Main Bank	140 North Main Street Henderson, KY 42420	Full Service B&M	$246,432
Field & Main Bank	1716 Second Street Henderson, KY 42420	Full Service B&M	$18,725
Field & Main Bank	369 East Main Street Lexington, KY 40507	Full Service B&M	$2,736
Field & Main Bank	400 Barret Boulevard Henderson, KY 42420	Full Service B&M	$22,656

For 2019, Field & Main Bank had 6 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$20,557
Net interest income	$16,401
Total noninterest income	$7,504
Gross Fiduciary activities income	$2,640
Service charges on deposit accounts	$1,048
Trading account gains and fees	$0
Additional Noninterest Income	$3,816
Pre-tax net operating income	$4,493
Securities gains (or losses, -)	$500
Income before extraordinary items	$4,407
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$4,407
Minority interest net income	$0
Net income	$4,407
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$3,967

Field & Main Bank's gross interest income from loans was $20,557,000.
Field & Main Bank's net interest income from loans was $16,401,000.
Field & Main Bank's fee based income from loans was $1,048,000.
Field & Main Bank's net income from loans was $4,407,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$4,156
Provision for credit losses	$720
Total noninterest expense	$18,692
Salaries and employee benefits	$10,748
Premises and equipment expense	$2,551
Additional noninterest expense	$5,393
Applicable income taxes	$586
Net charge-offs	$697
Cash dividends	$2,625

Field & Main Bank's interest expense for loans was $4,156,000.
Field & Main Bank's payroll and benefits expense were $10,748,000.
Field & Main Bank's property, plant and equipment expenses $2,551,000.

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	0.0%
Nonfarm, nonresidential loans	0.0%
Multifamily residential loans	8.0%
1-4 family residential loans	1.0%
HELOC loans	0.0%
All other family	1.0%
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	$413,343
Deposits held in domestic offices	$413,343
Deposits by Individuals, partnerships, and corporations	$344,656
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$31,773
Deposits by Commercial banks and other depository institutions in U.S.	$36,914
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$39,507
Demand deposits	$11,440
Nontransaction accounts	$373,836
Money market deposit accounts (MMDAs)	$40,836
Other savings deposits (excluding MMDAs)	$164,897
Total time deposits	$168,105
Total time and savings deposits	$401,903
Noninterest-bearing deposits	$95,617
Interest-bearing deposits	$317,726
Retail deposits	$371,792
IRAs and Keogh plan accounts	$13,080
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$471,940
Cash & Balances due from depository institutions	$23,381
Interest-bearing balances	$16,484
Total securities	$36,896
Federal funds sold & reverse repurchase	$0
Net loans and leases	$369,629
Loan and leases loss allowance	$4,453
Trading account assets	$0
Bank premises and fixed assets	$16,054
Other real estate owned	$270
Goodwill and other intangibles	$8,141
All other assets	$17,569

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$471,940
Total Liabilities	$419,436
Total deposits	$413,343
Interest-bearing deposits	$317,726
Deposits held in domestic offices	$413,343
% insured (estimated)	$80
Federal funds purchased and repurchase agreements	$311
Trading liabilities	$0
Other borrowed funds	$2,202
Subordinated debt	$0
All other liabilities	$3,580

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$369,629
Loan and leases loss allowance	$4,453
Total loans and leases (domestic)	$374,082
All real estate loans	$298,433
Real estate loans in domestic offices	$298,433
Construction and development loans	$40,439
Residential 1-4 family construction	$3,852
Other construction, all land development and other land	$36,587
Loans secured by nonfarm nonresidential properties	$112,771
Nonfarm nonresidential secured by owner-occupied properties	$47,259
Commercial real estate & other non-farm, non-residential	$65,512
Multifamily residential real estate	$13,409
1-4 family residential loans	$113,622
Farmland loans	$18,192
Loans held in foreign offices	$0
Farm loans	$13,351
Commercial and industrial loans	$55,176
To non-U.S. addressees	$0
Loans to individuals	$4,168
Credit card loans	$0
Related Plans	$90
Consumer Auto Loans	$2,042
Other loans to individuals	$2,036
All other loans & leases	$3,011
Loans to foreign governments and official institutions	$0
Other loans	$173
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$891
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$141
Non 1-4 family restructured loans & leases	$141
Total loans and leases (foreign)	$0

FIELD & MAIN BANK had $369,629,000 of loans outstanding in 2019. $298,433,000 of loans were in real estate loans. $40,439,000 of loans were in development loans. $13,409,000 of loans were in multifamily mortgage loans. $113,622,000 of loans were in 1-4 family mortgage loans. $13,351,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,042,000 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	217	$47,219	$217,599
Nonfarm, nonresidential loans - <$100k	54	$2,189	$40,537
Nonfarm, nonresidential loans - $100-250k	70	$8,469	$120,986
Nonfarm, nonresidential loans - $250k-1MM	93	$36,561	$393,129
Commercial & Industrial, US addressed loans - <$1MM	393	$31,693	$80,644
Commercial & Industrial, US addressed loans - <$100k	288	$6,775	$23,524
Commercial & Industrial, US addressed loans - $100-250k	61	$5,874	$96,295
Commercial & Industrial, US addressed loans - $250k-1MM	44	$19,044	$432,818
Farmland loans - <$1MM	69	$11,200	$162,319
Farmland loans - <$100k	26	$1,045	$40,192
Farmland loans - $100-250k	18	$2,299	$127,722
Farmland loans - $250k-1MM	25	$7,856	$314,240
Agriculture operations loans - <$1MM	45	$4,465	$99,222
Agriculture operations loans - <$100k	25	$690	$27,600
Agriculture operations loans - $100-250k	10	$1,256	$125,600
Agriculture operations loans - $250k-1MM	10	$2,519	$251,900