Farmers And Merchants Union Bank Mortgage Rates, Fees & Info

Columbus, WI

LEI: 549300YHR41F57LS0R28

Tax ID: 39-0273630

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Mortgage Data

Bank Data

Review & Overview

Farmers And Merchants Union Bank is a smaller bank specializing in Cash Out Refi, Refi, and Home Purchase loans. Farmers And Merchants Union Bank has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Beaver Dam, Milwaukee, Watertown, and Fond Du Lac among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

Farmers And Merchants Union 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

288

Origination Dollar Volume (All Markets)

$57,590,000

Employee count

50

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) 171 $34,225,000 $200,146 $0 0.00%
Beaver Dam, WI (FHA|USDA|VA) 60 $10,900,000 $181,667 $0 0.00%
Outside of Metro Areas 21 $4,215,000 $200,714 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 13 $3,575,000 $275,000 $0 0.00%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 8 $1,330,000 $166,250 $0 0.00%
FOND DU LAC, WI (FHA|USDA|VA) 4 $710,000 $177,500 $0 0.00%
WAUSAU-WESTON, WI (FHA|USDA|VA) 2 $570,000 $285,000 $0 0.00%
APPLETON, WI (FHA|USDA|VA) 2 $430,000 $215,000 $0 0.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
SHEBOYGAN, WI (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
Baraboo, WI (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Marinette, WI-MI (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
Farmers And Merchants Union Bank's top markets include Madison, Beaver Dam, Milwaukee, Watertown, and Fond Du Lac among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 288 $57,590,000 $199,965 $0 0.00%

    For 2020, Farmers And Merchants Union Bank's most frequently originated type of loan was Conventional, with 288 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 124 $24,910,000 $200,887 $0 0.00%
    Refi 105 $20,735,000 $197,476 $0 0.00%
    Home Purchase 54 $11,520,000 $213,333 $0 0.00%
    Home Improvement 4 $320,000 $80,000 $0 0.00%
    Other 1 $105,000 $105,000 $0 0.00%

    For 2020, Farmers And Merchants Union Bank's most frequently cited loan purpose was Cash Out Refi, with 124 originations. The 2nd most popular reason was Refi, with 105 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 288 $57,590,000 $199,965 $0 0.00%

    For 2020, Farmers And Merchants Union Bank's most frequently cited loan duration was Other, with 288 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 129 $19,345,000 $149,961 $0 0.00%
    $200k-400k 102 $28,720,000 $281,569 $0 0.00%
    $100,000 or less 43 $2,985,000 $69,419 $0 0.00%
    $400k-600k 14 $6,540,000 $467,143 $0 0.00%

    2020 saw Farmers And Merchants Union Bank place emphasis on $100k-200k loans with 129 originations, totaling $19,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 86 $13,610,000 $158,256 $0 0.00%
    $100k-150k 67 $15,715,000 $234,552 $0 0.00%
    $75k-100k 49 $9,055,000 $184,796 $0 0.00%
    $50k or less 33 $3,785,000 $114,697 $0 0.00%
    $150k-250k 30 $8,390,000 $279,667 $0 0.00%
    $250k+ 14 $5,500,000 $392,857 $0 0.00%

    Farmers And Merchants Union Bank lent most frequently to those with incomes in the $50k-75k range, with 86 originations. The second most popular income band? $100k-150k, with 67 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 288 $57,590,000 $199,965 $0 0.00%

    Farmers And Merchants Union Bank lent most frequently to those with DTI ratios of Exempt%, with 288 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 286 $57,360,000 $200,559 $0 0.00%
    Not applicable 1 $135,000 $135,000 $0 0.00%
    Asian 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.23%

    Farmers And Merchants Union Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.79%

    Farmers And Merchants Union Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 288 $57,590,000 $199,965

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $190,000 $95,000
    Single Family (1-4 Units):Site-Built 286 $57,400,000 $200,699

    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 $145,888
    Farmers and Merchants Union Bank 114 West Winnebago Street Friesland, WI 53935 Full Service B&M $39,083
    Farmers and Merchants Union Bank 159 West James Street Columbus, WI 53925 Full Service B&M $145,889
    Farmers and Merchants Union Bank 198 North Western Avenue Juneau, WI 53039 Full Service B&M $11,331
    Farmers and Merchants Union Bank 575 Lowville Road Rio, WI 53960 Full Service B&M $11,672
    Farmers and Merchants Union Bank 637 South Main Street Fall River, WI 53932 Full Service B&M $8,302

    For 2020, Farmers And Merchants Union Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,205
    Net interest income $13,600
    Total noninterest income $2,305
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $77
    Trading account gains and fees $0
    Additional Noninterest Income $2,228
    Pre-tax net operating income $6,672
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,580
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,580
    Minority interest net income $0
    Net income $4,580
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,580

    Farmers And Merchants Union Bank's gross interest income from loans was $17,205,000.
    Farmers And Merchants Union Bank's net interest income from loans was $13,600,000.
    Farmers And Merchants Union Bank's fee based income from loans was $77,000.
    Farmers And Merchants Union Bank's net income from loans was $4,580,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,605
    Provision for credit losses $2,100
    Total noninterest expense $7,133
    Salaries and employee benefits $4,029
    Premises and equipment expense $1,050
    Additional noninterest expense $2,054
    Applicable income taxes $2,092
    Net charge-offs $2,715
    Cash dividends $675

    Farmers And Merchants Union Bank's interest expense for loans was $3,605,000.
    Farmers And Merchants Union Bank's payroll and benefits expense were $4,029,000.
    Farmers And Merchants Union Bank's property, plant and equipment expenses $1,050,000.

    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 $370,689
    Deposits held in domestic offices $370,689
    Deposits by Individuals, partnerships, and corporations $284,991
    Deposits by U.S. Government $1,044
    Deposits by States and political subdivisions in the U.S. $54,868
    Deposits by Commercial banks and other depository institutions in U.S. $29,786
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $120,195
    Demand deposits $80,931
    Nontransaction accounts $250,494
    Money market deposit accounts (MMDAs) $176
    Other savings deposits (excluding MMDAs) $109,820
    Total time deposits $140,496
    Total time and savings deposits $289,758
    Noninterest-bearing deposits $77,930
    Interest-bearing deposits $292,759
    Retail deposits $343,649
    IRAs and Keogh plan accounts $16,905
    Brokered deposits $9,427
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $429,933
    Cash & Balances due from depository institutions $65,865
    Interest-bearing balances $51,175
    Total securities $39,448
    Federal funds sold & reverse repurchase $0
    Net loans and leases $305,602
    Loan and leases loss allowance $12,893
    Trading account assets $0
    Bank premises and fixed assets $7,323
    Other real estate owned $1,899
    Goodwill and other intangibles $0
    All other assets $9,796

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $429,933
    Total Liabilities $378,831
    Total deposits $370,689
    Interest-bearing deposits $292,759
    Deposits held in domestic offices $370,689
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $4,000
    Subordinated debt $0
    All other liabilities $4,142

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $305,602
    Loan and leases loss allowance $12,893
    Total loans and leases (domestic) $318,495
    All real estate loans $232,003
    Real estate loans in domestic offices $232,003
    Construction and development loans $3,652
    Residential 1-4 family construction $3,082
    Other construction, all land development and other land $570
    Loans secured by nonfarm nonresidential properties $126,104
    Nonfarm nonresidential secured by owner-occupied properties $101,521
    Commercial real estate & other non-farm, non-residential $24,583
    Multifamily residential real estate $278
    1-4 family residential loans $33,070
    Farmland loans $68,899
    Loans held in foreign offices $0
    Farm loans $37,030
    Commercial and industrial loans $45,225
    To non-U.S. addressees $0
    Loans to individuals $2,326
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $440
    Other loans to individuals $1,886
    All other loans & leases $1,911
    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 $10,078
    Non 1-4 family restructured loans & leases $9,938
    Total loans and leases (foreign) $0

    Farmers and Merchants Union Bank had $305,602,000 of loans outstanding in 2020. $232,003,000 of loans were in real estate loans. $3,652,000 of loans were in development loans. $278,000 of loans were in multifamily mortgage loans. $33,070,000 of loans were in 1-4 family mortgage loans. $37,030,000 of loans were in farm loans. $0 of loans were in credit card loans. $440,000 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 47 $10,060 $214,043
    Nonfarm, nonresidential loans - <$100k 16 $570 $35,625
    Nonfarm, nonresidential loans - $100-250k 13 $1,387 $106,692
    Nonfarm, nonresidential loans - $250k-1MM 18 $8,103 $450,167
    Commercial & Industrial, US addressed loans - <$1MM 125 $10,501 $84,008
    Commercial & Industrial, US addressed loans - <$100k 86 $2,074 $24,116
    Commercial & Industrial, US addressed loans - $100-250k 22 $2,430 $110,455
    Commercial & Industrial, US addressed loans - $250k-1MM 17 $5,997 $352,765
    Farmland loans - <$1MM 135 $15,159 $112,289
    Farmland loans - <$100k 25 $953 $38,120
    Farmland loans - $100-250k 52 $3,849 $74,019
    Farmland loans - $250k-1MM 58 $10,357 $178,569
    Agriculture operations loans - <$1MM 228 $15,001 $65,794
    Agriculture operations loans - <$100k 154 $4,290 $27,857
    Agriculture operations loans - $100-250k 48 $5,264 $109,667
    Agriculture operations loans - $250k-1MM 26 $5,447 $209,500