Field & Main Bank Mortgage Rates, Fees & Info
HENDERSON, KYLEI: 549300PH1RMZ3NKH2953
Tax ID: 61-0297243
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Bank Data
Review & Overview
Field & Main Bank is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. Field & Main Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Evansville, Lexington, Huntington, Owensboro, and Louisville among others. We have data for 23 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
505Origination Dollar Volume (All Markets)
$93,945,000Employee count
119Top 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) | 328 | $48,390,000 | $147,530 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 88 | $21,970,000 | $249,659 | $0 | 0.00% |
| Outside of Metro Areas | 40 | $6,810,000 | $170,250 | $0 | 0.00% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $4,005,000 | $4,005,000 | $0 | 0.00% |
| OWENSBORO, KY (FHA|USDA|VA) | 13 | $3,225,000 | $248,077 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 11 | $3,055,000 | $277,727 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $1,970,000 | $985,000 | $0 | 0.00% |
| Richmond-Berea, KY (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 0.00% |
| Frankfort, KY (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| London, KY (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Madisonville, KY (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Bardstown, KY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Central City, KY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Murray, KY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 504 | $93,800,000 | $186,111 | $0 | 0.00% |
| USDA | 1 | $145,000 | $145,000 | $0 | 0.00% |
For 2020, Field & Main Bank's most frequently originated type of loan was Conventional, with 504 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2020, Field & Main Bank's most frequently cited loan purpose was Refi, with 172 originations. The 2nd most popular reason was Home Purchase, with 168 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 505 | $93,945,000 | $186,030 | $0 | 0.00% |
For 2020, Field & Main Bank's most frequently cited loan duration was Other, with 505 originations.
Loan Sizing
2020 saw Field & Main Bank place emphasis on $100k-200k loans with 214 originations, totaling $30,980,000 in origination value.
Applicant Income
Field & Main Bank lent most frequently to those with incomes in the $100k-150k range, with 88 originations. The second most popular income band? $75k-100k, with 74 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 505 | $93,945,000 | $186,030 | $0 | 0.00% |
Field & Main Bank lent most frequently to those with DTI ratios of Exempt%, with 505 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.26%
Field & Main Bank has an average approval rate.
Pick Rate
Approvals leading to origination89.11%
Field & Main Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 505 | $93,945,000 | $186,030 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FULTON FINANCIAL CORPORATION | Conventional home mortgage | Trouble during payment process | 4 | 57.1% |
| FULTON FINANCIAL CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 14.3% |
| FULTON FINANCIAL CORPORATION | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 28.6% |
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 | $34,927 |
| Field & Main Bank | 103 Bridge Street Cynthiana, KY 41031 | Limited, Drive-thru | $89,626 |
| Field & Main Bank | 140 North Main Street Henderson, KY 42420 | Full Service B&M | $275,716 |
| Field & Main Bank | 1716 Second Street Henderson, KY 42420 | Full Service B&M | $21,059 |
| Field & Main Bank | 369 East Main Street Lexington, KY 40507 | Full Service B&M | $11,474 |
| Field & Main Bank | 400 Barret Boulevard Henderson, KY 42420 | Full Service B&M | $28,537 |
For 2020, Field & Main Bank had 6 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $21,175 |
| Net interest income | $17,334 |
| Total noninterest income | $8,455 |
| Gross Fiduciary activities income | $2,978 |
| Service charges on deposit accounts | $833 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $4,644 |
| Pre-tax net operating income | $6,528 |
| Securities gains (or losses, -) | $1,440 |
| Income before extraordinary items | $6,565 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $6,565 |
| Minority interest net income | $0 |
| Net income | $6,565 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $5,384 |
Field & Main Bank's gross interest income from loans was $21,175,000.
Field & Main Bank's net interest income from loans was $17,334,000.
Field & Main Bank's fee based income from loans was $833,000.
Field & Main Bank's net income from loans was $6,565,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,841 |
| Provision for credit losses | $1,200 |
| Total noninterest expense | $18,061 |
| Salaries and employee benefits | $10,494 |
| Premises and equipment expense | $2,541 |
| Additional noninterest expense | $5,026 |
| Applicable income taxes | $1,403 |
| Net charge-offs | $111 |
| Cash dividends | $4,900 |
Field & Main Bank's interest expense for loans was $3,841,000.
Field & Main Bank's payroll and benefits expense were $10,494,000.
Field & Main Bank's property, plant and equipment expenses $2,541,000.
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 | 1.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| 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 | $486,229 |
| Deposits held in domestic offices | $486,229 |
| Deposits by Individuals, partnerships, and corporations | $417,645 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $31,491 |
| Deposits by Commercial banks and other depository institutions in U.S. | $37,094 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $233,930 |
| Demand deposits | $146,507 |
| Nontransaction accounts | $252,300 |
| Money market deposit accounts (MMDAs) | $43,987 |
| Other savings deposits (excluding MMDAs) | $45,296 |
| Total time deposits | $163,017 |
| Total time and savings deposits | $339,723 |
| Noninterest-bearing deposits | $123,531 |
| Interest-bearing deposits | $362,698 |
| Retail deposits | $452,194 |
| IRAs and Keogh plan accounts | $13,037 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $556,844 |
| Cash & Balances due from depository institutions | $45,543 |
| Interest-bearing balances | $38,629 |
| Total securities | $37,081 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $432,364 |
| Loan and leases loss allowance | $5,542 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $15,160 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $8,165 |
| All other assets | $18,531 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $556,844 |
| Total Liabilities | $501,962 |
| Total deposits | $486,229 |
| Interest-bearing deposits | $362,698 |
| Deposits held in domestic offices | $486,229 |
| % insured (estimated) | $79 |
| Federal funds purchased and repurchase agreements | $614 |
| Trading liabilities | $0 |
| Other borrowed funds | $11,830 |
| Subordinated debt | $0 |
| All other liabilities | $3,289 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $432,364 |
| Loan and leases loss allowance | $5,542 |
| Total loans and leases (domestic) | $437,906 |
| All real estate loans | $333,399 |
| Real estate loans in domestic offices | $333,399 |
| Construction and development loans | $49,247 |
| Residential 1-4 family construction | $10,247 |
| Other construction, all land development and other land | $39,000 |
| Loans secured by nonfarm nonresidential properties | $123,725 |
| Nonfarm nonresidential secured by owner-occupied properties | $56,482 |
| Commercial real estate & other non-farm, non-residential | $67,243 |
| Multifamily residential real estate | $20,235 |
| 1-4 family residential loans | $120,372 |
| Farmland loans | $19,820 |
| Loans held in foreign offices | $0 |
| Farm loans | $15,063 |
| Commercial and industrial loans | $82,714 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $3,833 |
| Credit card loans | $0 |
| Related Plans | $34 |
| Consumer Auto Loans | $2,063 |
| Other loans to individuals | $1,736 |
| All other loans & leases | $2,957 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $122 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $835 |
| 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 $432,364,000 of loans outstanding in 2020. $333,399,000 of loans were in real estate loans. $49,247,000 of loans were in development loans. $20,235,000 of loans were in multifamily mortgage loans. $120,372,000 of loans were in 1-4 family mortgage loans. $15,063,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,063,000 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 | 214 | $48,479 | $226,537 |
| Nonfarm, nonresidential loans - <$100k | 46 | $1,875 | $40,761 |
| Nonfarm, nonresidential loans - $100-250k | 72 | $8,852 | $122,944 |
| Nonfarm, nonresidential loans - $250k-1MM | 96 | $37,752 | $393,250 |
| Commercial & Industrial, US addressed loans - <$1MM | 807 | $52,420 | $64,957 |
| Commercial & Industrial, US addressed loans - <$100k | 641 | $15,834 | $24,702 |
| Commercial & Industrial, US addressed loans - $100-250k | 104 | $12,852 | $123,577 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 62 | $23,734 | $382,806 |
| Farmland loans - <$1MM | 63 | $10,969 | $174,111 |
| Farmland loans - <$100k | 22 | $880 | $40,000 |
| Farmland loans - $100-250k | 16 | $2,085 | $130,313 |
| Farmland loans - $250k-1MM | 25 | $8,004 | $320,160 |
| Agriculture operations loans - <$1MM | 42 | $4,021 | $95,738 |
| Agriculture operations loans - <$100k | 25 | $781 | $31,240 |
| Agriculture operations loans - $100-250k | 8 | $1,034 | $129,250 |
| Agriculture operations loans - $250k-1MM | 9 | $2,206 | $245,111 |