F&m Bank Mortgage Rates, Fees & Info
Washington, GALEI: 549300XP5418ENGZVD49
Tax ID: 58-0553953
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Mortgage Data
Bank Data
Review & Overview
F&m Bank is a smaller bank specializing in Refi and Home Purchase loans. F&m Bank has a high proportion of conventional loans. Their top markets by origination volume include: Augusta, Atlanta, and Greenville among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)F&m 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
100Origination Dollar Volume (All Markets)
$15,870,000Employee count
62Top 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 |
|---|---|---|---|---|---|
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 44 | $10,360,000 | $235,455 | $0 | 0.00% |
| Outside of Metro Areas | 54 | $4,580,000 | $84,815 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 100 | $15,870,000 | $158,700 | $0 | 0.00% |
For 2019, F&m Bank's most frequently originated type of loan was Conventional, with 100 originations.
Loan Reason
For 2019, F&m Bank's most frequently cited loan purpose was Refi, with 69 originations. The 2nd most popular reason was Home Purchase, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 100 | $15,870,000 | $158,700 | $0 | 0.00% |
For 2019, F&m Bank's most frequently cited loan duration was Other, with 100 originations.
Loan Sizing
2019 saw F&m Bank place emphasis on $100,000 or less loans with 68 originations, totaling $3,290,000 in origination value.
Applicant Income
F&m Bank lent most frequently to those with incomes in the $50k-75k range, with 22 originations. The second most popular income band? $50k or less, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 100 | $15,870,000 | $158,700 | $0 | 0.00% |
F&m Bank lent most frequently to those with DTI ratios of Exempt%, with 100 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.16%
F&m Bank has an average approval rate.
Pick Rate
Approvals leading to origination91.00%
F&m Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 100 | $15,870,000 | $158,700 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| F&M Bank | 114 South Hulin Avenue Tignall, GA 30668 | Full Service B&M | $7,612 |
| F&M Bank | 123 Broad Street Crawfordville, GA 30631 | Full Service B&M | $19,067 |
| F&M Bank | 201 East Robert Toombs Avenue Washington, GA 30673 | Full Service B&M | $11,974 |
| F&M Bank | 317 South Washington Street Lincolnton, GA 30817 | Full Service B&M | $19,139 |
| F&M Bank | 3861 Evans To Locke Road Martinez, GA 30907 | Full Service B&M | $24,353 |
| F&M Bank | 911 East Robert Toombs Avenue Washington, GA 30673 | Full Service B&M | $128,467 |
For 2019, F&m Bank had 6 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $11,702 |
| Net interest income | $9,805 |
| Total noninterest income | $1,794 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $841 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $953 |
| Pre-tax net operating income | $3,486 |
| Securities gains (or losses, -) | $-2 |
| Income before extraordinary items | $2,805 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $2,805 |
| Minority interest net income | $0 |
| Net income | $2,805 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $2,806 |
F&m Bank's gross interest income from loans was $11,702,000.
F&m Bank's net interest income from loans was $9,805,000.
F&m Bank's fee based income from loans was $841,000.
F&m Bank's net income from loans was $2,805,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,897 |
| Provision for credit losses | $136 |
| Total noninterest expense | $7,977 |
| Salaries and employee benefits | $4,763 |
| Premises and equipment expense | $652 |
| Additional noninterest expense | $2,562 |
| Applicable income taxes | $679 |
| Net charge-offs | $450 |
| Cash dividends | $1,050 |
F&m Bank's interest expense for loans was $1,897,000.
F&m Bank's payroll and benefits expense were $4,763,000.
F&m Bank's property, plant and equipment expenses $652,000.
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 | 1.0% |
| Credit card loans | 0.0% |
| Other individual loans | 1.0% |
| Auto loans | 1.0% |
| Other consumer loans | 1.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $219,750 |
| Deposits held in domestic offices | $219,750 |
| Deposits by Individuals, partnerships, and corporations | $189,756 |
| Deposits by U.S. Government | $167 |
| Deposits by States and political subdivisions in the U.S. | $29,827 |
| Deposits by Commercial banks and other depository institutions in U.S. | $0 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $98,626 |
| Demand deposits | $98,621 |
| Nontransaction accounts | $121,124 |
| Money market deposit accounts (MMDAs) | $12,720 |
| Other savings deposits (excluding MMDAs) | $22,538 |
| Total time deposits | $85,865 |
| Total time and savings deposits | $121,129 |
| Noninterest-bearing deposits | $49,825 |
| Interest-bearing deposits | $169,925 |
| Retail deposits | $206,034 |
| IRAs and Keogh plan accounts | $14,340 |
| Brokered deposits | $2,032 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $276,101 |
| Cash & Balances due from depository institutions | $19,973 |
| Interest-bearing balances | $12,060 |
| Total securities | $91,246 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $147,455 |
| Loan and leases loss allowance | $2,109 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,358 |
| Other real estate owned | $681 |
| Goodwill and other intangibles | $0 |
| All other assets | $12,388 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $276,101 |
| Total Liabilities | $229,201 |
| Total deposits | $219,750 |
| Interest-bearing deposits | $169,925 |
| Deposits held in domestic offices | $219,750 |
| % insured (estimated) | $84 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $6,000 |
| Subordinated debt | $0 |
| All other liabilities | $3,451 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $147,455 |
| Loan and leases loss allowance | $2,109 |
| Total loans and leases (domestic) | $149,564 |
| All real estate loans | $130,206 |
| Real estate loans in domestic offices | $130,206 |
| Construction and development loans | $28,287 |
| Residential 1-4 family construction | $15,497 |
| Other construction, all land development and other land | $12,790 |
| Loans secured by nonfarm nonresidential properties | $23,972 |
| Nonfarm nonresidential secured by owner-occupied properties | $15,930 |
| Commercial real estate & other non-farm, non-residential | $8,042 |
| Multifamily residential real estate | $6,660 |
| 1-4 family residential loans | $50,081 |
| Farmland loans | $21,206 |
| Loans held in foreign offices | $0 |
| Farm loans | $7 |
| Commercial and industrial loans | $9,603 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $8,647 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $1,754 |
| Other loans to individuals | $6,893 |
| All other loans & leases | $1,102 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| 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 $147,455,000 of loans outstanding in 2019. $130,206,000 of loans were in real estate loans. $28,287,000 of loans were in development loans. $6,660,000 of loans were in multifamily mortgage loans. $50,081,000 of loans were in 1-4 family mortgage loans. $7,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,754,000 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 | 124 | $19,776 | $159,484 |
| Nonfarm, nonresidential loans - <$100k | 42 | $1,667 | $39,690 |
| Nonfarm, nonresidential loans - $100-250k | 47 | $6,032 | $128,340 |
| Nonfarm, nonresidential loans - $250k-1MM | 35 | $12,077 | $345,057 |
| Commercial & Industrial, US addressed loans - <$1MM | 205 | $7,843 | $38,259 |
| Commercial & Industrial, US addressed loans - <$100k | 177 | $3,449 | $19,486 |
| Commercial & Industrial, US addressed loans - $100-250k | 20 | $1,859 | $92,950 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 8 | $2,535 | $316,875 |
| Farmland loans - <$1MM | 166 | $14,374 | $86,590 |
| Farmland loans - <$100k | 108 | $4,056 | $37,556 |
| Farmland loans - $100-250k | 37 | $4,893 | $132,243 |
| Farmland loans - $250k-1MM | 21 | $5,425 | $258,333 |
| Agriculture operations loans - <$1MM | 2 | $7 | $3,500 |
| Agriculture operations loans - <$100k | 2 | $7 | $3,500 |