Farmers And Merchants Union Bank Mortgage Rates, Fees & Info

Columbus, WI

LEI: 549300YHR41F57LS0R28

Tax ID: 39-0273630

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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 Merchants Union Bank is a smaller bank specializing in Home Purchase and Refi loans. Farmers And Merchants Union Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Madison, Beaver Dam, Milwaukee, Appleton, and Minneapolis among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Farmers And Merchants Union Bank has an average approval rate when compared to the average across all lenders. They have an 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.

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

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    Originations

    115

    Origination Dollar Volume (All Markets)

    $19,495,000

    Employee count

    55

    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
    MADISON, WI (FHA|USDA|VA) 67 $12,015,000 $179,328 $0 0.00%
    Beaver Dam, WI (FHA|USDA|VA) 29 $4,245,000 $146,379 $0 0.00%
    Outside of Metro Areas 8 $1,180,000 $147,500 $0 0.00%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $540,000 $270,000 $0 0.00%
    APPLETON, WI (FHA|USDA|VA) 2 $480,000 $240,000 $0 0.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $465,000 $465,000 $0 0.00%
    FOND DU LAC, WI (FHA|USDA|VA) 3 $275,000 $91,667 $0 0.00%
    Marinette, WI-MI (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Farmers And Merchants Union Bank's top markets include Madison, Beaver Dam, Milwaukee, Appleton, and Minneapolis among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)

    • Similar Lenders

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

    Fox Valley Savings Bank
    Similarity Rank: 56
    Westbury Bank
    Similarity Rank: 190
    Horicon Bank
    Similarity Rank: 240
    First Community Credit Union
    Similarity Rank: 290
    Dane County Credit Union
    Similarity Rank: 315
    WISCONSIN MORTGAGE CORPORATION
    Similarity Rank: 342
    Heartland Credit Union (Madison)
    Similarity Rank: 384
    The Park Bank
    Similarity Rank: 425
    State Bank of Cross Plains
    Similarity Rank: 481
    Blackhawk Community Credit Union
    Similarity Rank: 493

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 112 $19,010,000 $169,732 $0 0.00%
    USDA 3 $485,000 $161,667 $0 0.00%

    For 2019, Farmers And Merchants Union Bank's most frequently originated type of loan was Conventional, with 112 originations. Their 2nd most popular type was USDA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 63 $11,785,000 $187,063 $0 0.00%
    Refi 26 $4,280,000 $164,615 $0 0.00%
    Cash Out Refi 18 $3,010,000 $167,222 $0 0.00%
    Other 6 $310,000 $51,667 $0 0.00%
    Home Improvement 2 $110,000 $55,000 $0 0.00%

    For 2019, Farmers And Merchants Union Bank's most frequently cited loan purpose was Home Purchase, with 63 originations. The 2nd most popular reason was Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 115 $19,495,000 $169,522 $0 0.00%

    For 2019, Farmers And Merchants Union Bank's most frequently cited loan duration was Other, with 115 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 45 $6,665,000 $148,111 $0 0.00%
    $200k-400k 36 $9,650,000 $268,056 $0 0.00%
    $100,000 or less 31 $1,805,000 $58,226 $0 0.00%
    $400k-600k 3 $1,375,000 $458,333 $0 0.00%

    2019 saw Farmers And Merchants Union Bank place emphasis on $100k-200k loans with 45 originations, totaling $6,665,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 31 $6,905,000 $222,742 $0 0.00%
    $50k or less 24 $2,370,000 $98,750 $0 0.00%
    $50k-75k 23 $3,095,000 $134,565 $0 0.00%
    $150k-250k 10 $2,530,000 $253,000 $0 0.00%
    $75k-100k 10 $1,400,000 $140,000 $0 0.00%
    $250k+ 2 $690,000 $345,000 $0 0.00%

    Farmers And Merchants Union Bank lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $50k or less, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 115 $19,495,000 $169,522 $0 0.00%

    Farmers And Merchants Union Bank lent most frequently to those with DTI ratios of Exempt%, with 115 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 102 $17,130,000 $167,941 $0 0.00%
    Not applicable 12 $2,230,000 $185,833 $0 0.00%
    Asian 1 $135,000 $135,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.94%

    Farmers And Merchants Union Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.17%

    Farmers And Merchants Union Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 115 $19,495,000 $169,522

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 115 $19,495,000 $169,522

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Farmers and Merchants Union Bank 104 Industrial Drive Columbus, WI 53925 Full Service B&M $142,318
    Farmers and Merchants Union Bank 114 West Winnebago Street Friesland, WI 53935 Full Service B&M $29,808
    Farmers and Merchants Union Bank 159 West James Street Columbus, WI 53925 Full Service B&M $142,318
    Farmers and Merchants Union Bank 198 North Western Avenue Juneau, WI 53039 Full Service B&M $9,942
    Farmers and Merchants Union Bank 575 Lowville Road Rio, WI 53960 Full Service B&M $9,271
    Farmers and Merchants Union Bank 637 South Main Street Fall River, WI 53932 Full Service B&M $6,814

    For 2019, Farmers And Merchants Union Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $19,157
    Net interest income $14,308
    Total noninterest income $800
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $78
    Trading account gains and fees $0
    Additional Noninterest Income $722
    Pre-tax net operating income $6,017
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,322
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,322
    Minority interest net income $0
    Net income $4,322
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,322

    Farmers And Merchants Union Bank's gross interest income from loans was $19,157,000.
    Farmers And Merchants Union Bank's net interest income from loans was $14,308,000.
    Farmers And Merchants Union Bank's fee based income from loans was $78,000.
    Farmers And Merchants Union Bank's net income from loans was $4,322,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,849
    Provision for credit losses $2,300
    Total noninterest expense $6,791
    Salaries and employee benefits $3,819
    Premises and equipment expense $952
    Additional noninterest expense $2,020
    Applicable income taxes $1,695
    Net charge-offs $3,726
    Cash dividends $575

    Farmers And Merchants Union Bank's interest expense for loans was $4,849,000.
    Farmers And Merchants Union Bank's payroll and benefits expense were $3,819,000.
    Farmers And Merchants Union Bank's property, plant and equipment expenses $952,000.

    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 $346,380
    Deposits held in domestic offices $346,380
    Deposits by Individuals, partnerships, and corporations $247,337
    Deposits by U.S. Government $690
    Deposits by States and political subdivisions in the U.S. $73,634
    Deposits by Commercial banks and other depository institutions in U.S. $24,719
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $91,284
    Demand deposits $60,043
    Nontransaction accounts $255,096
    Money market deposit accounts (MMDAs) $92
    Other savings deposits (excluding MMDAs) $86,708
    Total time deposits $168,295
    Total time and savings deposits $286,337
    Noninterest-bearing deposits $60,043
    Interest-bearing deposits $286,337
    Retail deposits $322,735
    IRAs and Keogh plan accounts $17,256
    Brokered deposits $13,132
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $398,310
    Cash & Balances due from depository institutions $35,853
    Interest-bearing balances $27,085
    Total securities $27,999
    Federal funds sold & reverse repurchase $0
    Net loans and leases $314,571
    Loan and leases loss allowance $13,508
    Trading account assets $0
    Bank premises and fixed assets $7,645
    Other real estate owned $1,900
    Goodwill and other intangibles $0
    All other assets $10,342

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $398,310
    Total Liabilities $351,711
    Total deposits $346,380
    Interest-bearing deposits $286,337
    Deposits held in domestic offices $346,380
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $2,000
    Subordinated debt $0
    All other liabilities $3,331

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $314,571
    Loan and leases loss allowance $13,508
    Total loans and leases (domestic) $328,079
    All real estate loans $233,408
    Real estate loans in domestic offices $233,408
    Construction and development loans $6,222
    Residential 1-4 family construction $3,769
    Other construction, all land development and other land $2,453
    Loans secured by nonfarm nonresidential properties $116,681
    Nonfarm nonresidential secured by owner-occupied properties $70,654
    Commercial real estate & other non-farm, non-residential $46,027
    Multifamily residential real estate $996
    1-4 family residential loans $36,355
    Farmland loans $73,154
    Loans held in foreign offices $0
    Farm loans $58,958
    Commercial and industrial loans $31,437
    To non-U.S. addressees $0
    Loans to individuals $2,195
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $554
    Other loans to individuals $1,641
    All other loans & leases $2,081
    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 $10,434
    Non 1-4 family restructured loans & leases $10,291
    Total loans and leases (foreign) $0

    Farmers and Merchants Union Bank had $314,571,000 of loans outstanding in 2019. $233,408,000 of loans were in real estate loans. $6,222,000 of loans were in development loans. $996,000 of loans were in multifamily mortgage loans. $36,355,000 of loans were in 1-4 family mortgage loans. $58,958,000 of loans were in farm loans. $0 of loans were in credit card loans. $554,000 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 53 $9,685 $182,736
    Nonfarm, nonresidential loans - <$100k 21 $693 $33,000
    Nonfarm, nonresidential loans - $100-250k 18 $1,991 $110,611
    Nonfarm, nonresidential loans - $250k-1MM 14 $7,001 $500,071
    Commercial & Industrial, US addressed loans - <$1MM 150 $12,392 $82,613
    Commercial & Industrial, US addressed loans - <$100k 106 $2,918 $27,528
    Commercial & Industrial, US addressed loans - $100-250k 25 $2,904 $116,160
    Commercial & Industrial, US addressed loans - $250k-1MM 19 $6,570 $345,789
    Farmland loans - <$1MM 148 $19,211 $129,804
    Farmland loans - <$100k 28 $1,211 $43,250
    Farmland loans - $100-250k 57 $5,440 $95,439
    Farmland loans - $250k-1MM 63 $12,560 $199,365
    Agriculture operations loans - <$1MM 324 $25,150 $77,623
    Agriculture operations loans - <$100k 210 $5,840 $27,810
    Agriculture operations loans - $100-250k 74 $8,579 $115,932
    Agriculture operations loans - $250k-1MM 40 $10,731 $268,275