Farmers And Drovers Bank Mortgage Rates, Fees & Info

Council Grove, KS

LEI: 549300VFIO7B8IHC0H05

Tax ID: 48-0214960

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Farmers And Drovers Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Farmers And Drovers Bank has a high proportion of conventional loans. Their top markets by origination volume include: Manhattan, Topeka, and Emporia among others. We have data for 4 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.

    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.

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    Originations

    132

    Origination Dollar Volume (All Markets)

    $18,660,000

    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 105 $14,405,000 $137,190 $0 0.00%
    MANHATTAN, KS (FHA|USDA|VA) 11 $2,565,000 $233,182 $0 0.00%
    TOPEKA, KS (FHA|USDA|VA) 10 $1,120,000 $112,000 $0 0.00%
    Emporia, KS (FHA|USDA|VA) 6 $570,000 $95,000 $0 0.00%
    Farmers And Drovers Bank's top markets include Manhattan, Topeka, and Emporia among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 132 $18,660,000 $141,364 $0 0.00%

    For 2021, Farmers And Drovers Bank's most frequently originated type of loan was Conventional, with 132 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 63 $10,475,000 $166,270 $0 0.00%
    Cash Out Refi 44 $4,740,000 $107,727 $0 0.00%
    Refi 24 $3,340,000 $139,167 $0 0.00%
    Other 1 $105,000 $105,000 $0 0.00%

    For 2021, Farmers And Drovers Bank's most frequently cited loan purpose was Home Purchase, with 63 originations. The 2nd most popular reason was Cash Out Refi, with 44 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 132 $18,660,000 $141,364 $0 0.00%

    For 2021, Farmers And Drovers Bank's most frequently cited loan duration was Other, with 132 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 64 $3,390,000 $52,969 $0 0.00%
    $100k-200k 42 $6,020,000 $143,333 $0 0.00%
    $200k-400k 20 $5,460,000 $273,000 $0 0.00%
    $400k-600k 4 $2,090,000 $522,500 $0 0.00%
    $600k-1MM 2 $1,700,000 $850,000 $0 0.00%

    2021 saw Farmers And Drovers Bank place emphasis on $100,000 or less loans with 64 originations, totaling $3,390,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 31 $2,105,000 $67,903 $0 0.00%
    $50k-75k 29 $2,885,000 $99,483 $0 0.00%
    $100k-150k 23 $3,975,000 $172,826 $0 0.00%
    $75k-100k 21 $2,365,000 $112,619 $0 0.00%
    $150k-250k 10 $2,320,000 $232,000 $0 0.00%
    $250k+ 8 $2,390,000 $298,750 $0 0.00%

    Farmers And Drovers Bank lent most frequently to those with incomes in the $50k or less range, with 31 originations. The second most popular income band? $50k-75k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 132 $18,660,000 $141,364 $0 0.00%

    Farmers And Drovers Bank lent most frequently to those with DTI ratios of Exempt%, with 132 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 121 $16,145,000 $133,430 $0 0.00%
    Not applicable 8 $2,260,000 $282,500 $0 0.00%
    Not provided 1 $185,000 $185,000 $0 0.00%
    American Indian 2 $70,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.77%

    Farmers And Drovers Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.15%

    Farmers And Drovers Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 132 $18,660,000 $141,364

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    132 $18,660,000 $141,364

    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 $124,040
    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 $14,745

    For 2021, Farmers And Drovers Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,987
    Net interest income $6,200
    Total noninterest income $538
    Gross Fiduciary activities income $39
    Service charges on deposit accounts $124
    Trading account gains and fees $0
    Additional Noninterest Income $375
    Pre-tax net operating income $2,705
    Securities gains (or losses, -) $-19
    Income before extraordinary items $2,110
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,110
    Minority interest net income $0
    Net income $2,110
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,125

    Farmers And Drovers Bank's gross interest income from loans was $6,987,000.
    Farmers And Drovers Bank's net interest income from loans was $6,200,000.
    Farmers And Drovers Bank's fee based income from loans was $124,000.
    Farmers And Drovers Bank's net income from loans was $2,110,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $787
    Provision for credit losses $0
    Total noninterest expense $4,033
    Salaries and employee benefits $2,395
    Premises and equipment expense $528
    Additional noninterest expense $1,110
    Applicable income taxes $576
    Net charge-offs $27
    Cash dividends $661

    Farmers And Drovers Bank's interest expense for loans was $787,000.
    Farmers And Drovers Bank's payroll and benefits expense were $2,395,000.
    Farmers And Drovers Bank's property, plant and equipment expenses $528,000.

    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 $141,959
    Deposits held in domestic offices $141,959
    Deposits by Individuals, partnerships, and corporations $109,041
    Deposits by U.S. Government $9
    Deposits by States and political subdivisions in the U.S. $32,899
    Deposits by Commercial banks and other depository institutions in U.S. $10
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $50,997
    Demand deposits $20,882
    Nontransaction accounts $90,962
    Money market deposit accounts (MMDAs) $27,109
    Other savings deposits (excluding MMDAs) $17,628
    Total time deposits $46,225
    Total time and savings deposits $121,077
    Noninterest-bearing deposits $21,541
    Interest-bearing deposits $120,418
    Retail deposits $120,962
    IRAs and Keogh plan accounts $7,559
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $214,005
    Cash & Balances due from depository institutions $20,961
    Interest-bearing balances $15,759
    Total securities $82,098
    Federal funds sold & reverse repurchase $285
    Net loans and leases $106,893
    Loan and leases loss allowance $1,465
    Trading account assets $0
    Bank premises and fixed assets $679
    Other real estate owned $66
    Goodwill and other intangibles $0
    All other assets $3,023

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $214,005
    Total Liabilities $161,798
    Total deposits $141,959
    Interest-bearing deposits $120,418
    Deposits held in domestic offices $141,959
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $12,919
    Trading liabilities $0
    Other borrowed funds $5,000
    Subordinated debt $0
    All other liabilities $1,920

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $106,893
    Loan and leases loss allowance $1,465
    Total loans and leases (domestic) $108,358
    All real estate loans $56,476
    Real estate loans in domestic offices $56,476
    Construction and development loans $1,328
    Residential 1-4 family construction $541
    Other construction, all land development and other land $787
    Loans secured by nonfarm nonresidential properties $8,510
    Nonfarm nonresidential secured by owner-occupied properties $6,480
    Commercial real estate & other non-farm, non-residential $2,030
    Multifamily residential real estate $129
    1-4 family residential loans $29,733
    Farmland loans $16,776
    Loans held in foreign offices $0
    Farm loans $23,843
    Commercial and industrial loans $6,420
    To non-U.S. addressees $0
    Loans to individuals $18,832
    Credit card loans $0
    Related Plans $40
    Consumer Auto Loans $6,204
    Other loans to individuals $12,588
    All other loans & leases $2,787
    Loans to foreign governments and official institutions $0
    Other loans $3
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Farmers and Drovers Bank had $106,893,000 of loans outstanding in 2021. $56,476,000 of loans were in real estate loans. $1,328,000 of loans were in development loans. $129,000 of loans were in multifamily mortgage loans. $29,733,000 of loans were in 1-4 family mortgage loans. $23,843,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,204,000 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 62 $7,446 $120,097
    Nonfarm, nonresidential loans - <$100k 32 $1,312 $41,000
    Nonfarm, nonresidential loans - $100-250k 19 $2,352 $123,789
    Nonfarm, nonresidential loans - $250k-1MM 11 $3,782 $343,818
    Commercial & Industrial, US addressed loans - <$1MM 60 $3,376 $56,267
    Commercial & Industrial, US addressed loans - <$100k 47 $1,208 $25,702
    Commercial & Industrial, US addressed loans - $100-250k 9 $1,220 $135,556
    Commercial & Industrial, US addressed loans - $250k-1MM 4 $948 $237,000
    Farmland loans - <$1MM 68 $8,816 $129,647
    Farmland loans - <$100k 33 $1,376 $41,697
    Farmland loans - $100-250k 22 $2,969 $134,955
    Farmland loans - $250k-1MM 13 $4,471 $343,923
    Agriculture operations loans - <$1MM 102 $5,028 $49,294
    Agriculture operations loans - <$100k 78 $1,767 $22,654
    Agriculture operations loans - $100-250k 17 $1,757 $103,353
    Agriculture operations loans - $250k-1MM 7 $1,504 $214,857