F & M Bank Mortgage Rates, Fees & Info

Edmond, OK

LEI: 549300X2FI65C4A30O27

Tax ID: 73-0236480

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Bank Data

Review & Overview

F & M Bank is a smaller bank specializing in Home Purchase and Refi loans. F & M Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Oklahoma City, Tulsa, Ardmore, Greeley, and Guymon among others. We have data for 40 markets. (Some data included below & more in-depth data is available with an active subscription.)

F & M Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. F & M Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.65% 3/24/24
30 Year Conventional Refi 6.63% 3/24/24
30 Year Cash-out Refi 6.83% 3/24/24
30 Year FHA Purchase 7.30% 3/24/24
30 Year FHA Refi 7.18% 3/24/24
30 Year VA Purchase 6.20% 3/24/24
30 Year USDA Purchase 6.77% 3/24/24
15 Year Conventional Purchase 5.92% 3/24/24
15 Year Conventional Refi 6.19% 3/24/24
15 Year Cash-out Refi 6.19% 3/24/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

F & M Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from F & M Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

595

Origination Dollar Volume (All Markets)

$104,335,000

Employee count

105

Awards

F & M Bank FHA Loans bronze F & M Bank VA Loans bronze F & M Bank FHA Loans silver
Show all (3) awards

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
OKLAHOMA CITY, OK (FHA|USDA|VA) 383 $66,385,000 $173,329 $3,744 5.01%
Outside of Metro Areas 59 $9,105,000 $154,322 $3,869 4.89%
TULSA, OK (FHA|USDA|VA) 31 $5,605,000 $180,806 $4,586 4.89%
Ardmore, OK (FHA|USDA|VA) 29 $4,685,000 $161,552 $4,478 4.84%
GREELEY, CO (FHA|USDA|VA) 8 $2,150,000 $268,750 $4,209 4.83%
Guymon, OK (FHA|USDA|VA) 9 $1,735,000 $192,778 $5,952 4.72%
Woodward, OK (FHA|USDA|VA) 6 $1,380,000 $230,000 $4,346 4.84%
FORT COLLINS, CO (FHA|USDA|VA) 3 $1,335,000 $445,000 $3,231 5.21%
Altus, OK (FHA|USDA|VA) 7 $1,025,000 $146,429 $4,184 4.89%
Bonham, TX (FHA|USDA|VA) 6 $970,000 $161,667 $4,229 4.60%
Elk City, OK (FHA|USDA|VA) 1 $825,000 $825,000 $0 5.50%
ENID, OK (FHA|USDA|VA) 4 $690,000 $172,500 $3,413 4.91%
Tahlequah, OK (FHA|USDA|VA) 4 $680,000 $170,000 $3,859 5.06%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $660,000 $330,000 $3,931 5.44%
Stephenville, TX (FHA|USDA|VA) 4 $650,000 $162,500 $4,086 5.16%
Stillwater, OK (FHA|USDA|VA) 5 $635,000 $127,000 $4,471 4.85%
Shawnee, OK (FHA|USDA|VA) 4 $610,000 $152,500 $4,154 4.84%
Duncan, OK (FHA|USDA|VA) 3 $445,000 $148,333 $3,616 5.04%
ABILENE, TX (FHA|USDA|VA) 3 $415,000 $138,333 $5,367 5.21%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $405,000 $405,000 $4,092 4.75%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $400,000 $200,000 $3,304 5.10%
Ada, OK (FHA|USDA|VA) 2 $350,000 $175,000 $2,925 6.25%
McAlester, OK (FHA|USDA|VA) 1 $335,000 $335,000 $3,728 4.88%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $305,000 $305,000 $7,367 4.75%
Gillette, WY (FHA|USDA|VA) 1 $275,000 $275,000 $4,441 4.63%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $245,000 $245,000 $2,993 4.63%
SAN ANGELO, TX (FHA|USDA|VA) 1 $205,000 $205,000 $3,443 5.38%
Weatherford, OK (FHA|USDA|VA) 1 $205,000 $205,000 $3,496 4.38%
Ponca City, OK (FHA|USDA|VA) 2 $190,000 $95,000 $4,053 4.31%
MANHATTAN, KS (FHA|USDA|VA) 1 $165,000 $165,000 $3,005 4.95%
LAWTON, OK (FHA|USDA|VA) 1 $155,000 $155,000 $3,374 3.75%
Brownwood, TX (FHA|USDA|VA) 1 $155,000 $155,000 $5,780 5.00%
CHEYENNE, WY (FHA|USDA|VA) 1 $155,000 $155,000 $2,406 5.13%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $135,000 $135,000 $2,611 4.88%
Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $135,000 $135,000 $5,505 5.00%
Taos, NM (FHA|USDA|VA) 1 $135,000 $135,000 $3,172 5.50%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,461 4.88%
Bartlesville, OK (FHA|USDA|VA) 1 $105,000 $105,000 $3,529 4.75%
Muskogee, OK (FHA|USDA|VA) 1 $95,000 $95,000 $3,847 5.13%
Durant, OK (FHA|USDA|VA) 1 $75,000 $75,000 $3,284 5.88%
F & M Bank's top markets include Oklahoma City, Tulsa, Ardmore, Greeley, and Guymon among others.

Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against F & M Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Tulsa Federal Credit Union
    Similarity Rank: 42
    RED CROWN
    Similarity Rank: 66
    WEOKIE
    Similarity Rank: 120
    First Fidelity Bank
    Similarity Rank: 180
    MORTGAGE CLEARING CORPORATION
    Similarity Rank: 192
    TRUE SKY
    Similarity Rank: 240
    Landmark Bank
    Similarity Rank: 250
    Central Bank of Oklahoma
    Similarity Rank: 294
    TTCU Federal Credit Union
    Similarity Rank: 297

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 435 $78,575,000 $180,632 $3,305 5.13%
    FHA 94 $14,080,000 $149,787 $5,551 4.57%
    VA 46 $9,520,000 $206,957 $5,309 4.39%
    USDA 20 $2,160,000 $108,000 $4,298 4.54%

    For 2018, F & M Bank's most frequently originated type of loan was Conventional, with 435 originations. Their 2nd most popular type was FHA, with 94 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 395 $66,605,000 $168,620 $4,099 4.86%
    Refi 109 $24,775,000 $227,294 $3,881 5.01%
    Cash Out Refi 65 $10,325,000 $158,846 $3,882 5.17%
    Home Improvement 21 $2,435,000 $115,952 $1,183 5.82%
    Other 5 $195,000 $39,000 $390 6.50%

    For 2018, F & M Bank's most frequently cited loan purpose was Home Purchase, with 395 originations. The 2nd most popular reason was Refi, with 109 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 434 $84,470,000 $194,631 $4,196 4.73%
    20 Year 50 $5,620,000 $112,400 $2,553 5.72%
    15 Year 47 $5,255,000 $111,809 $3,018 4.99%
    Other 22 $3,000,000 $136,364 $1,753 6.14%
    5 Year 14 $1,670,000 $119,286 $311 5.96%
    1 Year 13 $2,495,000 $191,923 $3,131 6.04%
    10 Year 12 $910,000 $75,833 $1,159 5.80%
    3 Year 3 $915,000 $305,000 $0 5.33%

    For 2018, F & M Bank's most frequently cited loan duration was 30 Year, with 434 originations. The 2nd most popular length was 20 Year, with 50 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 319 $58,735,000 $184,122
    $1k-2k 150 $26,240,000 $174,933
    $2k-3k 23 $4,305,000 $187,174
    $3k-4k 12 $2,730,000 $227,500
    $4k-5k 5 $1,755,000 $351,000
    $5k+ 1 $205,000 $205,000

    F & M Bank's average total fees were $4,196, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 319 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 354 $70,050,000 $197,881
    5-6% 166 $22,900,000 $137,952
    6-7% 37 $3,915,000 $105,811
    3-4% 34 $7,030,000 $206,765
    7-8% 4 $440,000 $110,000

    During 2018, F & M Bank's average interest rate for loans was 4.73%, while their most frequently originated rate bucket for loans was 4-5%, with 354 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 257 $37,665,000 $146,556 $3,977 4.82%
    $200k-400k 159 $42,285,000 $265,943 $4,545 4.75%
    $100,000 or less 152 $10,020,000 $65,921 $2,880 5.45%
    $400k-600k 20 $9,040,000 $452,000 $3,994 4.79%
    $600k-1MM 7 $5,325,000 $760,714 $4,349 5.30%

    2018 saw F & M Bank place emphasis on $100k-200k loans with 257 originations, totaling $37,665,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 128 $19,720,000 $154,063 $4,007 4.84%
    $50k or less 113 $11,785,000 $104,292 $3,727 4.82%
    $100k-150k 109 $22,355,000 $205,092 $3,934 4.90%
    $75k-100k 98 $16,910,000 $172,551 $4,192 4.87%
    $150k-250k 63 $14,935,000 $237,063 $4,051 4.88%
    $250k+ 32 $11,240,000 $351,250 $3,570 5.09%

    F & M Bank lent most frequently to those with incomes in the $50k-75k range, with 128 originations. The second most popular income band? $50k or less, with 113 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 120 $21,290,000 $177,417 $3,941 4.86%
    20-30% 117 $21,635,000 $184,915 $3,978 4.81%
    <20% 62 $9,140,000 $147,419 $2,947 5.05%
    41% 26 $4,900,000 $188,462 $3,689 4.97%
    40% 23 $3,325,000 $144,565 $3,817 4.98%
    38% 22 $4,020,000 $182,727 $4,366 4.91%
    36% 22 $4,120,000 $187,273 $4,339 4.77%
    44% 18 $3,600,000 $200,000 $3,751 4.76%
    45% 16 $3,150,000 $196,875 $4,646 4.64%
    43% 16 $2,620,000 $163,750 $4,857 4.78%
    37% 15 $3,105,000 $207,000 $4,269 4.71%
    39% 15 $2,335,000 $155,667 $3,721 4.93%
    50-60% 14 $2,080,000 $148,571 $4,206 4.79%
    42% 12 $2,560,000 $213,333 $3,554 4.72%
    46% 12 $2,240,000 $186,667 $4,136 4.65%
    48% 8 $1,370,000 $171,250 $4,937 4.88%
    49% 8 $2,190,000 $273,750 $4,441 4.75%
    47% 7 $1,345,000 $192,143 $5,164 4.70%
    >60% 3 $605,000 $201,667 $2,062 5.58%

    F & M Bank lent most frequently to those with DTI ratios of 30-36%, with 120 originations. The next most common DTI ratio? 20-30%, with 117 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 444 $79,720,000 $179,550 $3,843 4.87%
    Not provided 44 $7,530,000 $171,136 $4,390 5.01%
    Not applicable 51 $7,355,000 $144,216 $2,190 5.96%
    American Indian 35 $6,555,000 $187,286 $4,753 4.75%
    Black 11 $1,815,000 $165,000 $3,289 5.00%
    Asian 9 $1,265,000 $140,556 $3,921 4.68%
    Other Asian 1 $95,000 $95,000 $2,713 5.13%

    Approval Rates

    Total approvals of all applications
    86.49%

    F & M Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.68%

    F & M Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 595 $104,335,000 $175,353

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $890,000 $445,000
    Single Family (1-4 Units):Manufactured 15 $1,625,000 $108,333
    Single Family (1-4 Units):Site-Built 578 $101,820,000 $176,159

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 26 $2,380,000 $91,538 $2,152 5.33%
    40-60% 66 $10,960,000 $166,061 $3,409 5.04%
    60-80% 196 $36,520,000 $186,327 $3,522 5.10%
    80-100% 282 $50,420,000 $178,794 $4,397 4.80%
    Over 100% 14 $3,600,000 $257,143 $7,344 4.66%
    Under 20% 11 $455,000 $41,364 $329 6.18%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    F & M Bank 11000 Surrey Hills Boulevard Yukon, OK 73099 Full Service B&M $29,351
    F & M Bank 116 South Grand Street Crescent, OK 73028 Full Service B&M $69,467
    F & M Bank 121 East Waterloo Edmond, OK 73034 Full Service B&M $9,036
    F & M Bank 1216 Piedmont Road Piedmont, OK 73078 Full Service B&M $84,074
    F & M Bank 17100 North May Ave Edmond, OK 73012 Full Service B&M $16,995
    F & M Bank 1800 East Oaklahoma Avenue Guthrie, OK 73044 Full Service B&M $81,415
    F & M Bank 2211 South Division Guthrie, OK 73044 Full Service B&M $4,837
    F & M Bank 601 South Main Street Kingfisher, OK 73750 Full Service B&M $105,299

    For 2018, F & M Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $18,667
    Net interest income $16,988
    Total noninterest income $5,175
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $812
    Trading account gains and fees $0
    Additional Noninterest Income $4,363
    Pre-tax net operating income $6,938
    Securities gains (or losses, -) $0
    Income before extraordinary items $6,938
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,938
    Minority interest net income $0
    Net income $6,938
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,938

    F & M Bank's gross interest income from loans was $18,667,000.
    F & M Bank's net interest income from loans was $16,988,000.
    F & M Bank's fee based income from loans was $812,000.
    F & M Bank's net income from loans was $6,938,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,679
    Provision for credit losses $350
    Total noninterest expense $14,875
    Salaries and employee benefits $8,816
    Premises and equipment expense $1,233
    Additional noninterest expense $4,826
    Applicable income taxes $0
    Net charge-offs $282
    Cash dividends $925

    F & M Bank's interest expense for loans was $1,679,000.
    F & M Bank's payroll and benefits expense were $8,816,000.
    F & M Bank's property, plant and equipment expenses $1,233,000.

    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 $416,630
    Deposits held in domestic offices $416,630
    Deposits by Individuals, partnerships, and corporations $333,832
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $82,573
    Deposits by Commercial banks and other depository institutions in U.S. $225
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $249,253
    Demand deposits $236,307
    Nontransaction accounts $167,377
    Money market deposit accounts (MMDAs) $45,284
    Other savings deposits (excluding MMDAs) $36,623
    Total time deposits $85,470
    Total time and savings deposits $180,323
    Noninterest-bearing deposits $113,111
    Interest-bearing deposits $303,519
    Retail deposits $391,290
    IRAs and Keogh plan accounts $7,462
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $478,360
    Cash & Balances due from depository institutions $32,385
    Interest-bearing balances $22,982
    Total securities $89,003
    Federal funds sold & reverse repurchase $9,741
    Net loans and leases $325,811
    Loan and leases loss allowance $4,125
    Trading account assets $0
    Bank premises and fixed assets $6,786
    Other real estate owned $0
    Goodwill and other intangibles $717
    All other assets $13,917

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $478,360
    Total Liabilities $434,935
    Total deposits $416,630
    Interest-bearing deposits $303,519
    Deposits held in domestic offices $416,630
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $8,522
    Trading liabilities $0
    Other borrowed funds $7,426
    Subordinated debt $0
    All other liabilities $2,357

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $325,811
    Loan and leases loss allowance $4,125
    Total loans and leases (domestic) $329,936
    All real estate loans $230,171
    Real estate loans in domestic offices $230,171
    Construction and development loans $40,595
    Residential 1-4 family construction $16,949
    Other construction, all land development and other land $23,646
    Loans secured by nonfarm nonresidential properties $89,297
    Nonfarm nonresidential secured by owner-occupied properties $37,258
    Commercial real estate & other non-farm, non-residential $52,039
    Multifamily residential real estate $3,704
    1-4 family residential loans $68,979
    Farmland loans $27,596
    Loans held in foreign offices $0
    Farm loans $14,270
    Commercial and industrial loans $31,326
    To non-U.S. addressees $0
    Loans to individuals $10,596
    Credit card loans $485
    Related Plans $0
    Consumer Auto Loans $3,755
    Other loans to individuals $6,356
    All other loans & leases $43,573
    Loans to foreign governments and official institutions $0
    Other loans $1,902
    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

    F & M Bank had $325,811,000 of loans outstanding in 2018. $230,171,000 of loans were in real estate loans. $40,595,000 of loans were in development loans. $3,704,000 of loans were in multifamily mortgage loans. $68,979,000 of loans were in 1-4 family mortgage loans. $14,270,000 of loans were in farm loans. $485,000 of loans were in credit card loans. $3,755,000 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 140 $33,059 $236,136
    Nonfarm, nonresidential loans - <$100k 40 $1,255 $31,375
    Nonfarm, nonresidential loans - $100-250k 44 $6,374 $144,864
    Nonfarm, nonresidential loans - $250k-1MM 56 $25,430 $454,107
    Commercial & Industrial, US addressed loans - <$1MM 360 $16,747 $46,519
    Commercial & Industrial, US addressed loans - <$100k 286 $6,185 $21,626
    Commercial & Industrial, US addressed loans - $100-250k 47 $4,507 $95,894
    Commercial & Industrial, US addressed loans - $250k-1MM 27 $6,055 $224,259
    Farmland loans - <$1MM 144 $15,028 $104,361
    Farmland loans - <$100k 71 $2,696 $37,972
    Farmland loans - $100-250k 55 $7,672 $139,491
    Farmland loans - $250k-1MM 18 $4,660 $258,889
    Agriculture operations loans - <$1MM 251 $8,171 $32,554
    Agriculture operations loans - <$100k 214 $4,067 $19,005
    Agriculture operations loans - $100-250k 30 $3,075 $102,500
    Agriculture operations loans - $250k-1MM 7 $1,029 $147,000