Farmers And Drovers Bank Mortgage Rates, Fees & Info

Council Grove, KS

LEI: 549300VFIO7B8IHC0H05

Tax ID: 48-0214960

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Mortgage Data

Bank Data

Review & Overview

Farmers And Drovers Bank is a smaller bank specializing in Home Purchase loans. Farmers And Drovers Bank has a high proportion of conventional loans. Their top markets by origination volume include: Emporia, Topeka, Manhattan, and Wichita among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

Farmers And Drovers Bank 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.

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Originations

90

Origination Dollar Volume (All Markets)

$9,660,000

Employee count

26

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
Outside of Metro Areas 64 $7,230,000 $112,969 $0 0.00%
Emporia, KS (FHA|USDA|VA) 7 $985,000 $140,714 $0 0.00%
TOPEKA, KS (FHA|USDA|VA) 12 $760,000 $63,333 $0 0.00%
MANHATTAN, KS (FHA|USDA|VA) 5 $465,000 $93,000 $0 0.00%
WICHITA, KS (FHA|USDA|VA) 2 $220,000 $110,000 $0 0.00%
Farmers And Drovers Bank's top markets include Emporia, Topeka, Manhattan, and Wichita among others.

Their top states include:
  • Kansas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 90 $9,660,000 $107,333 $0 0.00%

    For 2019, Farmers And Drovers Bank's most frequently originated type of loan was Conventional, with 90 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 65 $6,605,000 $101,615 $0 0.00%
    Cash Out Refi 13 $1,575,000 $121,154 $0 0.00%
    Refi 7 $1,225,000 $175,000 $0 0.00%
    Home Improvement 4 $210,000 $52,500 $0 0.00%
    Other 1 $45,000 $45,000 $0 0.00%

    For 2019, Farmers And Drovers Bank's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Cash Out Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 90 $9,660,000 $107,333 $0 0.00%

    For 2019, Farmers And Drovers Bank's most frequently cited loan duration was Other, with 90 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 50 $2,350,000 $47,000 $0 0.00%
    $100k-200k 33 $4,885,000 $148,030 $0 0.00%
    $200k-400k 5 $1,315,000 $263,000 $0 0.00%
    $400k-600k 2 $1,110,000 $555,000 $0 0.00%

    2019 saw Farmers And Drovers Bank place emphasis on $100,000 or less loans with 50 originations, totaling $2,350,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 29 $1,805,000 $62,241 $0 0.00%
    $50k-75k 20 $1,500,000 $75,000 $0 0.00%
    $100k-150k 17 $1,945,000 $114,412 $0 0.00%
    $150k-250k 8 $1,260,000 $157,500 $0 0.00%
    $75k-100k 8 $1,170,000 $146,250 $0 0.00%
    $250k+ 5 $855,000 $171,000 $0 0.00%

    Farmers And Drovers Bank lent most frequently to those with incomes in the $50k or less range, with 29 originations. The second most popular income band? $50k-75k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 90 $9,660,000 $107,333 $0 0.00%

    Farmers And Drovers Bank lent most frequently to those with DTI ratios of Exempt%, with 90 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 87 $8,535,000 $98,103 $0 0.00%
    Not applicable 3 $1,125,000 $375,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.00%

    Farmers And Drovers Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.56%

    Farmers And Drovers Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 90 $9,660,000 $107,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 8 $720,000 $90,000
    Single Family (1-4 Units):Site-Built 82 $8,940,000 $109,024

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Farmers and Drovers Bank 201 West Main Street Council Grove, KS 66846 Full Service B&M $95,152
    Farmers and Drovers Bank 426 East Main Street Council Grove, KS 66846 Limited, Drive-thru $0
    Farmers and Drovers Bank 619 Main St Alta Vista, KS 66834 Full Service B&M $11,838

    For 2019, Farmers And Drovers Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,797
    Net interest income $5,633
    Total noninterest income $534
    Gross Fiduciary activities income $40
    Service charges on deposit accounts $182
    Trading account gains and fees $0
    Additional Noninterest Income $312
    Pre-tax net operating income $2,486
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,986
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,986
    Minority interest net income $0
    Net income $1,986
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,986

    Farmers And Drovers Bank's gross interest income from loans was $6,797,000.
    Farmers And Drovers Bank's net interest income from loans was $5,633,000.
    Farmers And Drovers Bank's fee based income from loans was $182,000.
    Farmers And Drovers Bank's net income from loans was $1,986,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,164
    Provision for credit losses $30
    Total noninterest expense $3,651
    Salaries and employee benefits $2,225
    Premises and equipment expense $361
    Additional noninterest expense $1,065
    Applicable income taxes $500
    Net charge-offs $-145
    Cash dividends $622

    Farmers And Drovers Bank's interest expense for loans was $1,164,000.
    Farmers And Drovers Bank's payroll and benefits expense were $2,225,000.
    Farmers And Drovers Bank's property, plant and equipment expenses $361,000.

    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 3.0%
    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 $117,500
    Deposits held in domestic offices $117,500
    Deposits by Individuals, partnerships, and corporations $92,045
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $25,454
    Deposits by Commercial banks and other depository institutions in U.S. $1
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $46,038
    Demand deposits $22,346
    Nontransaction accounts $71,462
    Money market deposit accounts (MMDAs) $21,950
    Other savings deposits (excluding MMDAs) $12,306
    Total time deposits $37,206
    Total time and savings deposits $95,154
    Noninterest-bearing deposits $22,842
    Interest-bearing deposits $94,658
    Retail deposits $106,820
    IRAs and Keogh plan accounts $8,272
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $188,806
    Cash & Balances due from depository institutions $25,301
    Interest-bearing balances $16,804
    Total securities $67,649
    Federal funds sold & reverse repurchase $285
    Net loans and leases $92,123
    Loan and leases loss allowance $1,529
    Trading account assets $0
    Bank premises and fixed assets $775
    Other real estate owned $66
    Goodwill and other intangibles $294
    All other assets $2,313

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $188,806
    Total Liabilities $138,871
    Total deposits $117,500
    Interest-bearing deposits $94,658
    Deposits held in domestic offices $117,500
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $6,503
    Trading liabilities $0
    Other borrowed funds $13,031
    Subordinated debt $0
    All other liabilities $1,837

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $92,123
    Loan and leases loss allowance $1,529
    Total loans and leases (domestic) $93,652
    All real estate loans $53,972
    Real estate loans in domestic offices $53,972
    Construction and development loans $1,019
    Residential 1-4 family construction $915
    Other construction, all land development and other land $104
    Loans secured by nonfarm nonresidential properties $7,573
    Nonfarm nonresidential secured by owner-occupied properties $6,539
    Commercial real estate & other non-farm, non-residential $1,034
    Multifamily residential real estate $135
    1-4 family residential loans $27,683
    Farmland loans $17,562
    Loans held in foreign offices $0
    Farm loans $18,244
    Commercial and industrial loans $5,201
    To non-U.S. addressees $0
    Loans to individuals $15,898
    Credit card loans $0
    Related Plans $42
    Consumer Auto Loans $5,473
    Other loans to individuals $10,383
    All other loans & leases $337
    Loans to foreign governments and official institutions $0
    Other loans $16
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $66
    Non 1-4 family restructured loans & leases $6
    Total loans and leases (foreign) $0

    Farmers and Drovers Bank had $92,123,000 of loans outstanding in 2019. $53,972,000 of loans were in real estate loans. $1,019,000 of loans were in development loans. $135,000 of loans were in multifamily mortgage loans. $27,683,000 of loans were in 1-4 family mortgage loans. $18,244,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,473,000 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 50 $7,573 $151,460
    Nonfarm, nonresidential loans - <$100k 23 $1,124 $48,870
    Nonfarm, nonresidential loans - $100-250k 15 $1,818 $121,200
    Nonfarm, nonresidential loans - $250k-1MM 12 $4,631 $385,917
    Commercial & Industrial, US addressed loans - <$1MM 62 $3,285 $52,984
    Commercial & Industrial, US addressed loans - <$100k 45 $826 $18,356
    Commercial & Industrial, US addressed loans - $100-250k 12 $1,187 $98,917
    Commercial & Industrial, US addressed loans - $250k-1MM 5 $1,272 $254,400
    Farmland loans - <$1MM 75 $10,061 $134,147
    Farmland loans - <$100k 34 $1,157 $34,029
    Farmland loans - $100-250k 25 $3,115 $124,600
    Farmland loans - $250k-1MM 16 $5,789 $361,813
    Agriculture operations loans - <$1MM 99 $5,845 $59,040
    Agriculture operations loans - <$100k 69 $1,408 $20,406
    Agriculture operations loans - $100-250k 24 $2,729 $113,708
    Agriculture operations loans - $250k-1MM 6 $1,708 $284,667