Field & Main Bank Mortgage Rates, Fees & Info
HENDERSON, KYLEI: 549300PH1RMZ3NKH2953
Tax ID: 61-0297243
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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, Crestview, Louisville, and Paducah among others. We have data for 19 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
324Origination Dollar Volume (All Markets)
$68,690,000Employee count
118Top 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) | 227 | $39,005,000 | $171,828 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 47 | $15,155,000 | $322,447 | $0 | 0.00% |
| Outside of Metro Areas | 25 | $4,905,000 | $196,200 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $2,555,000 | $2,555,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $0 | 0.00% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $0 | 0.00% |
| OWENSBORO, KY (FHA|USDA|VA) | 5 | $1,055,000 | $211,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| Madisonville, KY (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 0.00% |
| Effingham, IL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Jasper, IN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Richmond-Berea, KY (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Mount Sterling, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 324 | $68,690,000 | $212,006 | $0 | 0.00% |
For 2021, Field & Main Bank's most frequently originated type of loan was Conventional, with 324 originations.
Loan Reason
For 2021, Field & Main Bank's most frequently cited loan purpose was Home Purchase, with 152 originations. The 2nd most popular reason was Cash Out Refi, with 88 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 324 | $68,690,000 | $212,006 | $0 | 0.00% |
For 2021, Field & Main Bank's most frequently cited loan duration was Other, with 324 originations.
Loan Sizing
2021 saw Field & Main Bank place emphasis on $100k-200k loans with 115 originations, totaling $15,965,000 in origination value.
Applicant Income
Field & Main Bank lent most frequently to those with incomes in the $100k-150k range, with 55 originations. The second most popular income band? $50k-75k, with 45 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 324 | $68,690,000 | $212,006 | $0 | 0.00% |
Field & Main Bank lent most frequently to those with DTI ratios of Exempt%, with 324 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.46%
Field & Main Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.80%
Field & Main Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 324 | $68,690,000 | $212,006 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FULTON FINANCIAL CORPORATION | Other type of mortgage | Trouble during payment process | 2 | 14.3% |
| FULTON FINANCIAL CORPORATION | Conventional home mortgage | Trouble during payment process | 2 | 14.3% |
| FULTON FINANCIAL CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| FULTON FINANCIAL CORPORATION | FHA mortgage | Trouble during payment process | 1 | 7.1% |
| FULTON FINANCIAL CORPORATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 7.1% |
| FULTON FINANCIAL CORPORATION | Other type of mortgage | Closing on a mortgage | 1 | 7.1% |
| FULTON FINANCIAL CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 28.6% |
| FULTON FINANCIAL CORPORATION | Conventional home mortgage | Closing on a mortgage | 1 | 7.1% |
| FULTON FINANCIAL CORPORATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 7.1% |
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 | $54,195 |
| Field & Main Bank | 103 Bridge Street Cynthiana, KY 41031 | Limited, Drive-thru | $104,263 |
| Field & Main Bank | 140 North Main Street Henderson, KY 42420 | Full Service B&M | $304,556 |
| Field & Main Bank | 1716 Second Street Henderson, KY 42420 | Full Service B&M | $24,133 |
| Field & Main Bank | 369 East Main Street Lexington, KY 40507 | Full Service B&M | $15,297 |
| Field & Main Bank | 400 Barret Boulevard Henderson, KY 42420 | Full Service B&M | $30,884 |
For 2021, Field & Main Bank had 6 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $21,108 |
| Net interest income | $18,411 |
| Total noninterest income | $9,098 |
| Gross Fiduciary activities income | $3,412 |
| Service charges on deposit accounts | $915 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $4,771 |
| Pre-tax net operating income | $9,332 |
| Securities gains (or losses, -) | $-6 |
| Income before extraordinary items | $7,383 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $7,383 |
| Minority interest net income | $0 |
| Net income | $7,383 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $7,387 |
Field & Main Bank's gross interest income from loans was $21,108,000.
Field & Main Bank's net interest income from loans was $18,411,000.
Field & Main Bank's fee based income from loans was $915,000.
Field & Main Bank's net income from loans was $7,383,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,697 |
| Provision for credit losses | $0 |
| Total noninterest expense | $18,177 |
| Salaries and employee benefits | $10,277 |
| Premises and equipment expense | $2,400 |
| Additional noninterest expense | $5,500 |
| Applicable income taxes | $1,943 |
| Net charge-offs | $-271 |
| Cash dividends | $2,625 |
Field & Main Bank's interest expense for loans was $2,697,000.
Field & Main Bank's payroll and benefits expense were $10,277,000.
Field & Main Bank's property, plant and equipment expenses $2,400,000.
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 | $514,512 |
| Deposits held in domestic offices | $514,512 |
| Deposits by Individuals, partnerships, and corporations | $464,924 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $37,934 |
| Deposits by Commercial banks and other depository institutions in U.S. | $11,653 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $270,605 |
| Demand deposits | $227,479 |
| Nontransaction accounts | $243,906 |
| Money market deposit accounts (MMDAs) | $62,467 |
| Other savings deposits (excluding MMDAs) | $51,278 |
| Total time deposits | $130,163 |
| Total time and savings deposits | $287,032 |
| Noninterest-bearing deposits | $133,355 |
| Interest-bearing deposits | $381,157 |
| Retail deposits | $485,582 |
| IRAs and Keogh plan accounts | $12,537 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $588,403 |
| Cash & Balances due from depository institutions | $36,127 |
| Interest-bearing balances | $29,482 |
| Total securities | $53,430 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $453,202 |
| Loan and leases loss allowance | $5,813 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $15,125 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $7,930 |
| All other assets | $22,589 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $588,403 |
| Total Liabilities | $529,283 |
| Total deposits | $514,512 |
| Interest-bearing deposits | $381,157 |
| Deposits held in domestic offices | $514,512 |
| % insured (estimated) | $78 |
| Federal funds purchased and repurchase agreements | $556 |
| Trading liabilities | $0 |
| Other borrowed funds | $11,508 |
| Subordinated debt | $0 |
| All other liabilities | $2,707 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $453,202 |
| Loan and leases loss allowance | $5,813 |
| Total loans and leases (domestic) | $459,015 |
| All real estate loans | $349,836 |
| Real estate loans in domestic offices | $349,836 |
| Construction and development loans | $62,105 |
| Residential 1-4 family construction | $15,094 |
| Other construction, all land development and other land | $47,011 |
| Loans secured by nonfarm nonresidential properties | $142,035 |
| Nonfarm nonresidential secured by owner-occupied properties | $72,839 |
| Commercial real estate & other non-farm, non-residential | $69,196 |
| Multifamily residential real estate | $13,855 |
| 1-4 family residential loans | $113,360 |
| Farmland loans | $18,481 |
| Loans held in foreign offices | $0 |
| Farm loans | $16,695 |
| Commercial and industrial loans | $87,306 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $3,681 |
| Credit card loans | $0 |
| Related Plans | $35 |
| Consumer Auto Loans | $2,263 |
| Other loans to individuals | $1,383 |
| All other loans & leases | $2,523 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $116 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $698 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $1,141 |
| Non 1-4 family restructured loans & leases | $1,141 |
| Total loans and leases (foreign) | $0 |
FIELD & MAIN BANK had $453,202,000 of loans outstanding in 2021. $349,836,000 of loans were in real estate loans. $62,105,000 of loans were in development loans. $13,855,000 of loans were in multifamily mortgage loans. $113,360,000 of loans were in 1-4 family mortgage loans. $16,695,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,263,000 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 | 210 | $51,005 | $242,881 |
| Nonfarm, nonresidential loans - <$100k | 45 | $1,905 | $42,333 |
| Nonfarm, nonresidential loans - $100-250k | 66 | $8,688 | $131,636 |
| Nonfarm, nonresidential loans - $250k-1MM | 99 | $40,412 | $408,202 |
| Commercial & Industrial, US addressed loans - <$1MM | 738 | $44,363 | $60,112 |
| Commercial & Industrial, US addressed loans - <$100k | 595 | $12,970 | $21,798 |
| Commercial & Industrial, US addressed loans - $100-250k | 81 | $9,511 | $117,420 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 62 | $21,882 | $352,935 |
| Farmland loans - <$1MM | 51 | $8,389 | $164,490 |
| Farmland loans - <$100k | 16 | $592 | $37,000 |
| Farmland loans - $100-250k | 16 | $1,971 | $123,188 |
| Farmland loans - $250k-1MM | 19 | $5,826 | $306,632 |
| Agriculture operations loans - <$1MM | 35 | $3,636 | $103,886 |
| Agriculture operations loans - <$100k | 19 | $472 | $24,842 |
| Agriculture operations loans - $100-250k | 9 | $1,289 | $143,222 |
| Agriculture operations loans - $250k-1MM | 7 | $1,875 | $267,857 |