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, Savannah, Columbia, and Myrtle Beach among others. We have data for 6 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
128Origination Dollar Volume (All Markets)
$19,870,000Employee count
63Top 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) | 57 | $10,335,000 | $181,316 | $0 | 0.00% |
| Outside of Metro Areas | 64 | $7,960,000 | $124,375 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 128 | $19,870,000 | $155,234 | $0 | 0.00% |
For 2020, F&m Bank's most frequently originated type of loan was Conventional, with 128 originations.
Loan Reason
For 2020, F&m Bank's most frequently cited loan purpose was Refi, with 82 originations. The 2nd most popular reason was Home Purchase, with 38 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 128 | $19,870,000 | $155,234 | $0 | 0.00% |
For 2020, F&m Bank's most frequently cited loan duration was Other, with 128 originations.
Loan Sizing
2020 saw F&m Bank place emphasis on $100,000 or less loans with 69 originations, totaling $3,645,000 in origination value.
Applicant Income
F&m Bank lent most frequently to those with incomes in the $50k or less range, with 26 originations. The second most popular income band? $75k-100k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 128 | $19,870,000 | $155,234 | $0 | 0.00% |
F&m Bank lent most frequently to those with DTI ratios of Exempt%, with 128 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.74%
F&m Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination94.53%
F&m Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 128 | $19,870,000 | $155,234 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| F&m Bank | 201 East Robert Toombs Avenue Washington, GA 30673 | Full Service B&M | $14,428 |
| F&m Bank | 114 South Hulin Avenue Tignall, GA 30668 | Full Service B&M | $8,273 |
| F&m Bank | 123 Broad Street Crawfordville, GA 30631 | Full Service B&M | $20,057 |
| F&m Bank | 317 South Washington Street Lincolnton, GA 30817 | Full Service B&M | $22,708 |
| F&m Bank | 3861 Evans To Locke Road Martinez, GA 30907 | Full Service B&M | $26,139 |
| F&m Bank | 911 East Robert Toombs Avenue Washington, GA 30673 | Full Service B&M | $150,510 |
For 2020, F&m Bank had 6 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $12,721 |
| Net interest income | $10,900 |
| Total noninterest income | $1,558 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,135 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $423 |
| Pre-tax net operating income | $3,461 |
| Securities gains (or losses, -) | $20 |
| Income before extraordinary items | $2,844 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $2,844 |
| Minority interest net income | $0 |
| Net income | $2,844 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $2,827 |
F&m Bank's gross interest income from loans was $12,721,000.
F&m Bank's net interest income from loans was $10,900,000.
F&m Bank's fee based income from loans was $1,135,000.
F&m Bank's net income from loans was $2,844,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,821 |
| Provision for credit losses | $620 |
| Total noninterest expense | $8,377 |
| Salaries and employee benefits | $4,945 |
| Premises and equipment expense | $879 |
| Additional noninterest expense | $2,553 |
| Applicable income taxes | $637 |
| Net charge-offs | $96 |
| Cash dividends | $906 |
F&m Bank's interest expense for loans was $1,821,000.
F&m Bank's payroll and benefits expense were $4,945,000.
F&m Bank's property, plant and equipment expenses $879,000.
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 | 1.0% |
| HELOC loans | 0.0% |
| All other family | 1.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 1.0% |
| Credit card loans | 0.0% |
| Other individual loans | 1.0% |
| Auto loans | 0.0% |
| Other consumer loans | 2.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $263,055 |
| Deposits held in domestic offices | $263,055 |
| Deposits by Individuals, partnerships, and corporations | $225,732 |
| Deposits by U.S. Government | $162 |
| Deposits by States and political subdivisions in the U.S. | $37,161 |
| 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 | $127,554 |
| Demand deposits | $127,554 |
| Nontransaction accounts | $135,501 |
| Money market deposit accounts (MMDAs) | $21,057 |
| Other savings deposits (excluding MMDAs) | $32,244 |
| Total time deposits | $82,201 |
| Total time and savings deposits | $135,501 |
| Noninterest-bearing deposits | $66,692 |
| Interest-bearing deposits | $196,363 |
| Retail deposits | $249,223 |
| IRAs and Keogh plan accounts | $14,060 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $323,270 |
| Cash & Balances due from depository institutions | $37,196 |
| Interest-bearing balances | $26,604 |
| Total securities | $102,354 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $166,148 |
| Loan and leases loss allowance | $2,633 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,027 |
| Other real estate owned | $195 |
| Goodwill and other intangibles | $0 |
| All other assets | $12,350 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $323,270 |
| Total Liabilities | $272,970 |
| Total deposits | $263,055 |
| Interest-bearing deposits | $196,363 |
| Deposits held in domestic offices | $263,055 |
| % insured (estimated) | $79 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $6,000 |
| Subordinated debt | $0 |
| All other liabilities | $3,915 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $166,148 |
| Loan and leases loss allowance | $2,633 |
| Total loans and leases (domestic) | $168,781 |
| All real estate loans | $143,722 |
| Real estate loans in domestic offices | $143,722 |
| Construction and development loans | $30,835 |
| Residential 1-4 family construction | $18,573 |
| Other construction, all land development and other land | $12,262 |
| Loans secured by nonfarm nonresidential properties | $30,471 |
| Nonfarm nonresidential secured by owner-occupied properties | $22,255 |
| Commercial real estate & other non-farm, non-residential | $8,216 |
| Multifamily residential real estate | $5,404 |
| 1-4 family residential loans | $53,531 |
| Farmland loans | $23,481 |
| Loans held in foreign offices | $0 |
| Farm loans | $26 |
| Commercial and industrial loans | $11,810 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $7,141 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $1,912 |
| Other loans to individuals | $5,229 |
| All other loans & leases | $6,082 |
| 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 | $1,673 |
| Non 1-4 family restructured loans & leases | $1,673 |
| Total loans and leases (foreign) | $0 |
F&M Bank had $166,148,000 of loans outstanding in 2020. $143,722,000 of loans were in real estate loans. $30,835,000 of loans were in development loans. $5,404,000 of loans were in multifamily mortgage loans. $53,531,000 of loans were in 1-4 family mortgage loans. $26,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,912,000 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 | 120 | $23,702 | $197,517 |
| Nonfarm, nonresidential loans - <$100k | 38 | $1,476 | $38,842 |
| Nonfarm, nonresidential loans - $100-250k | 42 | $5,316 | $126,571 |
| Nonfarm, nonresidential loans - $250k-1MM | 40 | $16,910 | $422,750 |
| Commercial & Industrial, US addressed loans - <$1MM | 239 | $9,615 | $40,230 |
| Commercial & Industrial, US addressed loans - <$100k | 207 | $4,370 | $21,111 |
| Commercial & Industrial, US addressed loans - $100-250k | 20 | $2,232 | $111,600 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 12 | $3,013 | $251,083 |
| Farmland loans - <$1MM | 152 | $15,117 | $99,454 |
| Farmland loans - <$100k | 86 | $3,263 | $37,942 |
| Farmland loans - $100-250k | 39 | $5,060 | $129,744 |
| Farmland loans - $250k-1MM | 27 | $6,794 | $251,630 |
| Agriculture operations loans - <$1MM | 1 | $26 | $26,000 |
| Agriculture operations loans - <$100k | 1 | $26 | $26,000 |