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, Athens, Atlanta, Cornelia, and Statesboro among others. We have data for 8 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 a below average pick rate when compared to similar lenders.
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Originations
163Origination Dollar Volume (All Markets)
$25,615,000Employee count
64Top 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) | 78 | $15,280,000 | $195,897 | $0 | 0.00% |
| Outside of Metro Areas | 68 | $7,010,000 | $103,088 | $0 | 0.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 11 | $1,745,000 | $158,636 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $835,000 | $835,000 | $0 | 0.00% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Statesboro, GA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 163 | $25,615,000 | $157,147 | $0 | 0.00% |
For 2021, F&m Bank's most frequently originated type of loan was Conventional, with 163 originations.
Loan Reason
For 2021, F&m Bank's most frequently cited loan purpose was Refi, with 92 originations. The 2nd most popular reason was Home Purchase, with 64 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 163 | $25,615,000 | $157,147 | $0 | 0.00% |
For 2021, F&m Bank's most frequently cited loan duration was Other, with 163 originations.
Loan Sizing
2021 saw F&m Bank place emphasis on $100,000 or less loans with 79 originations, totaling $4,025,000 in origination value.
Applicant Income
F&m Bank lent most frequently to those with incomes in the $50k or less range, with 30 originations. The second most popular income band? $50k-75k, with 28 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 163 | $25,615,000 | $157,147 | $0 | 0.00% |
F&m Bank lent most frequently to those with DTI ratios of Exempt%, with 163 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.00%
F&m Bank has an average approval rate.
Pick Rate
Approvals leading to origination83.44%
F&m Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 163 | $25,615,000 | $157,147 |
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 | $9,804 |
| F&m Bank | 123 Broad Street Crawfordville, GA 30631 | Full Service B&M | $21,439 |
| F&m Bank | 201 East Robert Toombs Avenue Washington, GA 30673 | Full Service B&M | $44,186 |
| F&m Bank | 317 South Washington Street Lincolnton, GA 30817 | Full Service B&M | $26,038 |
| F&m Bank | 3861 Evans To Locke Road Martinez, GA 30907 | Full Service B&M | $38,251 |
| F&m Bank | 911 East Robert Toombs Avenue Washington, GA 30673 | Full Service B&M | $146,544 |
For 2021, F&m Bank had 6 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $12,925 |
| Net interest income | $11,545 |
| Total noninterest income | $1,437 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $648 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $789 |
| Pre-tax net operating income | $4,210 |
| Securities gains (or losses, -) | $98 |
| Income before extraordinary items | $3,503 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,503 |
| Minority interest net income | $0 |
| Net income | $3,503 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,423 |
F&m Bank's gross interest income from loans was $12,925,000.
F&m Bank's net interest income from loans was $11,545,000.
F&m Bank's fee based income from loans was $648,000.
F&m Bank's net income from loans was $3,503,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,380 |
| Provision for credit losses | $561 |
| Total noninterest expense | $8,211 |
| Salaries and employee benefits | $5,038 |
| Premises and equipment expense | $920 |
| Additional noninterest expense | $2,253 |
| Applicable income taxes | $805 |
| Net charge-offs | $52 |
| Cash dividends | $1,583 |
F&m Bank's interest expense for loans was $1,380,000.
F&m Bank's payroll and benefits expense were $5,038,000.
F&m Bank's property, plant and equipment expenses $920,000.
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 | 0.0% |
| Other consumer loans | 1.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $296,874 |
| Deposits held in domestic offices | $296,874 |
| Deposits by Individuals, partnerships, and corporations | $254,489 |
| Deposits by U.S. Government | $236 |
| Deposits by States and political subdivisions in the U.S. | $42,149 |
| 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 | $153,035 |
| Demand deposits | $153,035 |
| Nontransaction accounts | $143,839 |
| Money market deposit accounts (MMDAs) | $26,232 |
| Other savings deposits (excluding MMDAs) | $37,765 |
| Total time deposits | $79,843 |
| Total time and savings deposits | $143,839 |
| Noninterest-bearing deposits | $87,487 |
| Interest-bearing deposits | $209,387 |
| Retail deposits | $283,618 |
| IRAs and Keogh plan accounts | $13,153 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $354,746 |
| Cash & Balances due from depository institutions | $25,753 |
| Interest-bearing balances | $18,218 |
| Total securities | $126,007 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $184,698 |
| Loan and leases loss allowance | $3,142 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,725 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $13,563 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $354,746 |
| Total Liabilities | $304,473 |
| Total deposits | $296,874 |
| Interest-bearing deposits | $209,387 |
| Deposits held in domestic offices | $296,874 |
| % insured (estimated) | $77 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $4,000 |
| Subordinated debt | $0 |
| All other liabilities | $3,599 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $184,698 |
| Loan and leases loss allowance | $3,142 |
| Total loans and leases (domestic) | $187,840 |
| All real estate loans | $163,347 |
| Real estate loans in domestic offices | $163,347 |
| Construction and development loans | $42,445 |
| Residential 1-4 family construction | $26,908 |
| Other construction, all land development and other land | $15,537 |
| Loans secured by nonfarm nonresidential properties | $37,101 |
| Nonfarm nonresidential secured by owner-occupied properties | $27,615 |
| Commercial real estate & other non-farm, non-residential | $9,486 |
| Multifamily residential real estate | $5,497 |
| 1-4 family residential loans | $57,508 |
| Farmland loans | $20,796 |
| Loans held in foreign offices | $0 |
| Farm loans | $179 |
| Commercial and industrial loans | $9,823 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $7,886 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $2,139 |
| Other loans to individuals | $5,747 |
| All other loans & leases | $6,605 |
| 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 $184,698,000 of loans outstanding in 2021. $163,347,000 of loans were in real estate loans. $42,445,000 of loans were in development loans. $5,497,000 of loans were in multifamily mortgage loans. $57,508,000 of loans were in 1-4 family mortgage loans. $179,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,139,000 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 | 129 | $28,798 | $223,240 |
| Nonfarm, nonresidential loans - <$100k | 36 | $1,358 | $37,722 |
| Nonfarm, nonresidential loans - $100-250k | 46 | $5,793 | $125,935 |
| Nonfarm, nonresidential loans - $250k-1MM | 47 | $21,647 | $460,574 |
| Commercial & Industrial, US addressed loans - <$1MM | 213 | $9,823 | $46,117 |
| Commercial & Industrial, US addressed loans - <$100k | 185 | $4,900 | $26,486 |
| Commercial & Industrial, US addressed loans - $100-250k | 20 | $2,326 | $116,300 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 8 | $2,597 | $324,625 |
| Farmland loans - <$1MM | 152 | $14,932 | $98,237 |
| Farmland loans - <$100k | 80 | $3,212 | $40,150 |
| Farmland loans - $100-250k | 51 | $6,690 | $131,176 |
| Farmland loans - $250k-1MM | 21 | $5,030 | $239,524 |
| Agriculture operations loans - <$1MM | 2 | $179 | $89,500 |
| Agriculture operations loans - <$100k | 1 | $16 | $16,000 |
| Agriculture operations loans - $100-250k | 1 | $163 | $163,000 |