The Farmers National Bank Of Canfield Mortgage Rates, Fees & Info
Canfield, OHLEI: 549300YNUT7D0FWKU636
Tax ID: 34-0214400
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Bank Data
Overview
The Farmers National Bank Of Canfield is a smaller bank specializing in Home Purchase and Refi loans. The Farmers National Bank Of Canfield has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Youngstown, Wooster, Cleveland, Canton, and Akron among others. The Farmers National Bank Of Canfield has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. The Farmers National Bank Of Canfield is typically an average fee lendor.Originations
2,037Origination Dollar Volume (All Markets)
$360,945,000Employee count
550Relative Rate
The Farmers National Bank Of Canfield's average 30 year fixed rate mortgage of loans were
3.17%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.02%.
Relative Fees
The Farmers National Bank Of Canfield's average total fees for a 30 year fixed rate
mortgage are $4,089.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 721 | $101,155,000 | $140,298 | $3,667 | 3.06% |
| Wooster, OH (FHA|USDA|VA) | 372 | $63,700,000 | $171,237 | $3,989 | 3.05% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 185 | $49,595,000 | $268,081 | $4,291 | 3.03% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 236 | $43,430,000 | $184,025 | $3,842 | 3.22% |
| AKRON, OH (FHA|USDA|VA) | 134 | $31,120,000 | $232,239 | $4,010 | 3.06% |
| Salem, OH (FHA|USDA|VA) | 208 | $22,430,000 | $107,837 | $3,340 | 3.35% |
| Outside of Metro Areas | 40 | $10,630,000 | $265,750 | $5,338 | 3.05% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 25 | $4,665,000 | $186,600 | $3,648 | 3.29% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 5 | $3,195,000 | $639,000 | $6,108 | 2.95% |
| Heber, UT (FHA|USDA|VA) | 1 | $3,005,000 | $3,005,000 | $10,665 | 3.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $2,440,000 | $1,220,000 | $12,019 | 3.19% |
| COLUMBUS, OH (FHA|USDA|VA) | 8 | $2,350,000 | $293,750 | $3,901 | 3.02% |
| PITTSBURGH, PA (FHA|USDA|VA) | 11 | $2,265,000 | $205,909 | $4,910 | 2.92% |
| Ashtabula, OH (FHA|USDA|VA) | 12 | $2,020,000 | $168,333 | $4,709 | 3.43% |
| TOLEDO, OH (FHA|USDA|VA) | 4 | $1,720,000 | $430,000 | $4,151 | 3.30% |
| Ashland, OH (FHA|USDA|VA) | 12 | $1,630,000 | $135,833 | $3,431 | 2.97% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $1,600,000 | $800,000 | $6,525 | 3.19% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 4 | $1,410,000 | $352,500 | $6,523 | 3.41% |
| New Castle, PA (FHA|USDA|VA) | 8 | $1,380,000 | $172,500 | $4,565 | 2.90% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,210,000 | $302,500 | $5,768 | 2.56% |
| Sandusky, OH (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $4,271 | 3.06% |
| Cambridge, OH (FHA|USDA|VA) | 5 | $785,000 | $157,000 | $3,963 | 3.48% |
| Mount Vernon, OH (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $3,555 | 2.69% |
| Meadville, PA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $6,472 | 2.88% |
| Norwalk, OH (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $4,190 | 2.92% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $6,429 | 2.88% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $5,996 | 2.38% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $7,724 | 2.88% |
| Key West, FL (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $5,735 | 3.38% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $3,435 | 3.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $7,312 | 3.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,682 | 3.13% |
| Coshocton, OH (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 3.50% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,180 | 3.25% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,261 | 3.06% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,642 | 2.88% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,927 | 3.50% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,308 | 3.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,323 | 3.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,967 | 2.25% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,096 | 2.38% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,115 | 3.50% |
| Adrian, MI (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $3,585 | 3.88% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,218 | 2.25% |
| Celina, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,327 | 2.75% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,607 | 2.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,967 | 3.25% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $3,712 | 3.13% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.00% |
The Farmers National Bank Of Canfield's top markets include Youngstown, Wooster, Cleveland, Canton, and Akron among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 2,030 | $359,680,000 | $177,182 | $3,905 | 3.11% |
| FHA | 5 | $705,000 | $141,000 | $6,151 | 2.95% |
| VA | 2 | $560,000 | $280,000 | $3,371 | 3.13% |
For the 2021 period, The Farmers National Bank Of Canfield's most frequently originated loan type of loans were Conventional, with 2,030 originations. Their 2nd most popular type is FHA, with 5 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 608 | $126,280,000 | $207,697 | $4,209 | 3.28% |
| Refi | 596 | $115,340,000 | $193,523 | $3,608 | 2.85% |
| Home Improvement | 369 | $30,575,000 | $82,859 | $784 | 3.35% |
| Cash Out Refi | 341 | $61,675,000 | $180,865 | $3,997 | 3.04% |
| Other | 123 | $27,075,000 | $220,122 | $4,539 | 2.98% |
For the 2021, The Farmers National Bank Of Canfield's most frequently cited loan purpose of loans were Home Purchase, with 608 originations. The 2nd most popular reason of loans were Refi, with 596 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,134 | $184,160,000 | $162,399 | $4,089 | 3.17% |
| 15 Year | 534 | $84,600,000 | $158,427 | $3,577 | 2.61% |
| 20 Year | 132 | $29,060,000 | $220,152 | $4,030 | 3.38% |
| Other | 97 | $13,145,000 | $135,515 | $6,226 | 4.03% |
| 10 Year | 60 | $16,880,000 | $281,333 | $1,073 | 3.80% |
| 30+ year | 48 | $19,750,000 | $411,458 | $6,502 | 3.59% |
| 5 Year | 31 | $13,165,000 | $424,677 | $0 | 3.42% |
| 1 Year | 1 | $185,000 | $185,000 | $0 | 4.00% |
For the 2021, The Farmers National Bank Of Canfield's most frequently cited loan length of loans were 30 Year, with 1,134 originations. The 2nd most popular length of loans were 15 Year, with 534 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 938 | $176,210,000 | $187,857 |
| $2k-3k | 215 | $43,855,000 | $203,977 |
| $3k-4k | 75 | $24,855,000 | $331,400 |
| $<1k | 64 | $6,970,000 | $108,906 |
| $5k+ | 19 | $6,705,000 | $352,895 |
$4,089 of loans were The Farmers National Bank Of Canfield's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 938 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 820 | $170,870,000 | $208,378 |
| <2.5% | 574 | $82,380,000 | $143,519 |
| 2.5-3% | 452 | $90,910,000 | $201,128 |
| 4-5% | 151 | $15,075,000 | $99,834 |
| 5-6% | 32 | $1,590,000 | $49,688 |
| 6-7% | 7 | $105,000 | $15,000 |
| 7-8% | 1 | $15,000 | $15,000 |
During 2021, The Farmers National Bank Of Canfield's average interest rate of loans were 3.17%, while their most frequently originated rate bucket of loans were 3-4%, with 820 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 787 | $110,735,000 | $140,705 | $3,657 | 2.99% |
| $100,000 or less | 699 | $41,695,000 | $59,649 | $2,943 | 3.31% |
| $200k-400k | 424 | $114,620,000 | $270,330 | $4,534 | 2.98% |
| $400k-600k | 88 | $42,360,000 | $481,364 | $5,624 | 3.02% |
| $1MM+ | 20 | $37,130,000 | $1,856,500 | $10,869 | 3.52% |
| $600k-1MM | 19 | $14,405,000 | $758,158 | $6,900 | 3.47% |
2021 saw The Farmers National Bank Of Canfield place emphasis on $100k-200k loans with 787 originations, totaling $110,735,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 483 | $62,405,000 | $129,203 | $3,661 | 3.14% |
| $50k or less | 440 | $44,360,000 | $100,818 | $3,474 | 3.17% |
| $100k-150k | 362 | $64,830,000 | $179,088 | $4,102 | 3.13% |
| $75k-100k | 321 | $47,465,000 | $147,866 | $3,834 | 3.04% |
| $150k-250k | 203 | $50,565,000 | $249,089 | $4,668 | 2.94% |
| $250k+ | 138 | $56,220,000 | $407,391 | $5,681 | 2.82% |
The Farmers National Bank Of Canfield lent most frequently to those with incomes in the $50k-75k range, with 483 originations. The second most popular income band? $50k or less, with 440 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 579 | $89,465,000 | $154,516 | $3,811 | 3.09% |
| <20% | 388 | $61,330,000 | $158,067 | $3,624 | 2.78% |
| 30-36% | 361 | $63,615,000 | $176,219 | $3,977 | 3.12% |
| 37% | 77 | $12,295,000 | $159,675 | $3,837 | 3.25% |
| 39% | 64 | $9,890,000 | $154,531 | $3,652 | 3.35% |
| 43% | 58 | $11,680,000 | $201,379 | $4,006 | 3.10% |
| 38% | 56 | $9,440,000 | $168,571 | $4,022 | 3.15% |
| 41% | 56 | $11,090,000 | $198,036 | $4,136 | 3.39% |
| 36% | 55 | $8,165,000 | $148,455 | $4,051 | 3.19% |
| 40% | 48 | $9,270,000 | $193,125 | $4,223 | 3.24% |
| 42% | 46 | $11,160,000 | $242,609 | $4,534 | 3.47% |
| 44% | 39 | $8,375,000 | $214,744 | $4,294 | 3.18% |
| 45% | 38 | $6,560,000 | $172,632 | $4,258 | 2.96% |
| 47% | 26 | $4,770,000 | $183,462 | $4,202 | 3.15% |
| 46% | 18 | $2,240,000 | $124,444 | $3,622 | 3.26% |
| 48% | 15 | $2,735,000 | $182,333 | $3,943 | 3.28% |
| 50-60% | 14 | $2,250,000 | $160,714 | $4,946 | 3.04% |
| 49% | 13 | $2,385,000 | $183,462 | $3,755 | 2.95% |
| >60% | 1 | $405,000 | $405,000 | $0 | 3.75% |
The Farmers National Bank Of Canfield lent most frequently to those with DTI ratios of 20-30%, with 579 originations. The next most common DTI ratio? <20%, with 388 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,884 | $314,390,000 | $166,874 | $3,910 | 3.10% |
| Not applicable | 51 | $28,915,000 | $566,961 | $0 | 3.94% |
| Not provided | 65 | $10,005,000 | $153,923 | $4,297 | 2.76% |
| Black | 18 | $3,770,000 | $209,444 | $3,718 | 3.10% |
| Asian | 14 | $2,800,000 | $200,000 | $3,834 | 2.99% |
| Asian Indian | 3 | $695,000 | $231,667 | $3,041 | 2.66% |
| American Indian | 1 | $205,000 | $205,000 | $3,239 | 3.38% |
| Native Hawaiian | 1 | $165,000 | $165,000 | $3,286 | 2.75% |
Approval Rates
Total approvals of all applications87.28%
The Farmers National Bank Of Canfield has an average approval rate.
Pick Rate
Approvals leading to origination80.72%
The Farmers National Bank Of Canfield has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,037 | $360,945,000 | $177,194 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2,037 | $360,945,000 | $177,194 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 291 | $29,365,000 | $100,911 | $3,064 | 3.11% |
| 40-60% | 383 | $69,745,000 | $182,102 | $3,771 | 2.85% |
| 60-80% | 776 | $164,600,000 | $212,113 | $4,021 | 3.14% |
| 80-100% | 414 | $87,880,000 | $212,271 | $4,136 | 3.13% |
| Over 100% | 2 | $990,000 | $495,000 | $6,633 | 3.19% |
| Under 20% | 170 | $8,340,000 | $49,059 | $1,447 | 3.49% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| The Farmers National Bank of Canfield | 102 West Western Reserve Road Youngstown, OH 44514 | Full Service B&M | $106,084 |
| The Farmers National Bank of Canfield | 2424 E. State Street Salem, OH 44460 | Full Service B&M | $72,021 |
| The Farmers National Bank of Canfield | 24755 Chagrin Boulevard, Suite 100 Beachwood, OH 44122 | Full Service B&M | $79,262 |
| The Farmers National Bank of Canfield | 29053 State Route 62 Damascus, OH 44619 | Full Service B&M | $40,192 |
| The Farmers National Bank of Canfield | 305 West Liberty Street Wooster, OH 44691 | Full Service B&M | $58,044 |
| The Farmers National Bank of Canfield | 310 West State St Suite A Alliance, OH 44601 | Full Service B&M | $30,855 |
| The Farmers National Bank of Canfield | 340 State Route 14 Columbiana, OH 44408 | Full Service B&M | $94,578 |
| The Farmers National Bank of Canfield | 3619 South Meridian Road Youngstown, OH 44511 | Full Service B&M | $78,500 |
| The Farmers National Bank of Canfield | 4192 Burbank Rd. Wooster, OH 44691 | Full Service B&M | $68,923 |
| The Farmers National Bank of Canfield | 42 Mcclurg Road Boardman, OH 44512 | Full Service B&M | $74,059 |
| The Farmers National Bank of Canfield | 4518 Fulton Drive Nw Suite 100 Canton, OH 44718 | Full Service B&M | $71,528 |
| The Farmers National Bank of Canfield | 4538 Boardman Canfield Road Canfield, OH 44406 | Full Service B&M | $20,843 |
| The Farmers National Bank of Canfield | 4885 Atlantic Drive Seville, OH 44273 | Full Service B&M | $19,748 |
| The Farmers National Bank of Canfield | 5845 Youngstown Warren Rd Niles, OH 44446 | Full Service B&M | $59,142 |
| The Farmers National Bank of Canfield | 617 Bradshaw Avenue East Liverpool, OH 43920 | Full Service B&M | $50,472 |
| The Farmers National Bank of Canfield | 7227 East Lincoln Way Apple Creek, OH 44606 | Full Service B&M | $25,255 |
| The Farmers National Bank of Canfield | One South Main Street Niles, OH 44446 | Full Service B&M | $144,882 |
| The Farmers National Bank of Canfield | 4950 Kidron Road Kidron, OH 44636 | Full Service B&M | $64,091 |
| The Farmers National Bank of Canfield | 153 East Main Street Smithville, OH 44677 | Full Service B&M | $43,102 |
| The Farmers National Bank of Canfield | 15703 State Route 170 Calcutta, OH 43920 | Full Service B&M | $52,120 |
| The Farmers National Bank of Canfield | 15974 East Main Street Mount Eaton, OH 44659 | Full Service B&M | $38,165 |
| The Farmers National Bank of Canfield | 1625 Niles Cortland Road, Ne Warren, OH 44484 | Full Service B&M | $129,135 |
| The Farmers National Bank of Canfield | 170 East State Street Niles, OH 44446 | Limited, Drive-thru | $0 |
| The Farmers National Bank of Canfield | 17817 Mahoning Avenue Lake Milton, OH 44429 | Full Service B&M | $62,750 |
| The Farmers National Bank of Canfield | 20 South Broad Street Canfield, OH 44406 | Full Service B&M | $617,215 |
| The Farmers National Bank of Canfield | 201 N Market Street Shreve, OH 44676 | Full Service B&M | $26,503 |
| The Farmers National Bank of Canfield | 20325 Center Ridge Road Suite 405 Cleveland, OH 44116 | Limited, Drive-thru | $0 |
| The Farmers National Bank of Canfield | 211 Lincoln Way East Massillon, OH 44646 | Full Service B&M | $44,521 |
| The Farmers National Bank of Canfield | 22 North Canfield-Niles Road Austintown, OH 44515 | Full Service B&M | $104,320 |
| The Farmers National Bank of Canfield | 2312 Lincoln Way West Massillon, OH 44647 | Full Service B&M | $35,116 |
| The Farmers National Bank of Canfield | 106 Ainsworth Street Lodi, OH 44254 | Full Service B&M | $27,572 |
| The Farmers National Bank of Canfield | 106 Mckinley Way West Poland, OH 44514 | Full Service B&M | $69,818 |
| The Farmers National Bank of Canfield | 10800 Kinsman Road Newbury, OH 44065 | Full Service B&M | $100,792 |
| The Farmers National Bank of Canfield | 112 West Market Street Orrville, OH 44667 | Full Service B&M | $67,799 |
| The Farmers National Bank of Canfield | 12 West Main Street Dalton, OH 44618 | Full Service B&M | $63,600 |
| The Farmers National Bank of Canfield | 121 North State Street Girard, OH 44420 | Full Service B&M | $92,830 |
| The Farmers National Bank of Canfield | 131 East Lincoln Way Lisbon, OH 44432 | Full Service B&M | $19,095 |
| The Farmers National Bank of Canfield | 1320 West High Street Orrville, OH 44667 | Full Service B&M | $36,055 |
For 2021, The Farmers National Bank Of Canfield had 38 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $116,273 |
| Net interest income | $108,722 |
| Total noninterest income | $26,340 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $3,997 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $22,343 |
| Pre-tax net operating income | $59,216 |
| Securities gains (or losses, -) | $838 |
| Income before extraordinary items | $50,030 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $50,030 |
| Minority interest net income | $0 |
| Net income | $50,030 |
| Sale, conversion, retirement of capital stock, net | $719 |
| Net operating income | $49,334 |
The Farmers National Bank Of Canfield's gross interest income from loans was $116,273,000.
The Farmers National Bank Of Canfield's net interest income from loans was $108,722,000.
The Farmers National Bank Of Canfield's fee based income from loans was $3,997,000.
The Farmers National Bank Of Canfield's net income from loans was $50,030,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $7,551 |
| Provision for credit losses | $4,893 |
| Total noninterest expense | $70,953 |
| Salaries and employee benefits | $34,337 |
| Premises and equipment expense | $8,153 |
| Additional noninterest expense | $28,463 |
| Applicable income taxes | $10,024 |
| Net charge-offs | $862 |
| Cash dividends | $45,621 |
The Farmers National Bank Of Canfield's interest expense for loans was $7,551,000.
The Farmers National Bank Of Canfield's payroll and benefits expense were $34,337,000.
The Farmers National Bank Of Canfield's property, plant and equipment expenses $8,153,000.
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 | 2.0% |
| 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 | $3,639,389 |
| Deposits held in domestic offices | $3,639,389 |
| Deposits by Individuals, partnerships, and corporations | $3,211,447 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $427,713 |
| Deposits by Commercial banks and other depository institutions in U.S. | $229 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $2,417,848 |
| Demand deposits | $1,009,890 |
| Nontransaction accounts | $1,221,541 |
| Money market deposit accounts (MMDAs) | $370,918 |
| Other savings deposits (excluding MMDAs) | $463,845 |
| Total time deposits | $386,778 |
| Total time and savings deposits | $2,629,499 |
| Noninterest-bearing deposits | $1,008,282 |
| Interest-bearing deposits | $2,631,107 |
| Retail deposits | $3,505,115 |
| IRAs and Keogh plan accounts | $57,781 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $4,124,648 |
| Cash & Balances due from depository institutions | $102,215 |
| Interest-bearing balances | $62,066 |
| Total securities | $1,421,400 |
| Federal funds sold & reverse repurchase | $4,432 |
| Net loans and leases | $2,306,167 |
| Loan and leases loss allowance | $29,386 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $37,400 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $104,458 |
| All other assets | $148,576 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $4,124,648 |
| Total Liabilities | $3,670,953 |
| Total deposits | $3,639,389 |
| Interest-bearing deposits | $2,631,107 |
| Deposits held in domestic offices | $3,639,389 |
| % insured (estimated) | $68 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $4,839 |
| Subordinated debt | $0 |
| All other liabilities | $26,725 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $2,306,167 |
| Loan and leases loss allowance | $29,386 |
| Total loans and leases (domestic) | $2,335,553 |
| All real estate loans | $1,769,940 |
| Real estate loans in domestic offices | $1,769,940 |
| Construction and development loans | $80,924 |
| Residential 1-4 family construction | $27,791 |
| Other construction, all land development and other land | $53,133 |
| Loans secured by nonfarm nonresidential properties | $866,987 |
| Nonfarm nonresidential secured by owner-occupied properties | $337,999 |
| Commercial real estate & other non-farm, non-residential | $528,988 |
| Multifamily residential real estate | $82,239 |
| 1-4 family residential loans | $562,373 |
| Farmland loans | $177,417 |
| Loans held in foreign offices | $0 |
| Farm loans | $54,873 |
| Commercial and industrial loans | $278,929 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $192,605 |
| Credit card loans | $0 |
| Related Plans | $9,161 |
| Consumer Auto Loans | $115,563 |
| Other loans to individuals | $67,881 |
| All other loans & leases | $39,206 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $711 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $3,274 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $1,677 |
| Non 1-4 family restructured loans & leases | $25 |
| Total loans and leases (foreign) | $0 |
The Farmers National Bank of Canfield had $2,306,167,000 of loans outstanding in 2021. $1,769,940,000 of loans were in real estate loans. $80,924,000 of loans were in development loans. $82,239,000 of loans were in multifamily mortgage loans. $562,373,000 of loans were in 1-4 family mortgage loans. $54,873,000 of loans were in farm loans. $0 of loans were in credit card loans. $115,563,000 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 | 1,172 | $256,883 | $219,183 |
| Nonfarm, nonresidential loans - <$100k | 284 | $10,877 | $38,299 |
| Nonfarm, nonresidential loans - $100-250k | 357 | $43,085 | $120,686 |
| Nonfarm, nonresidential loans - $250k-1MM | 531 | $202,921 | $382,149 |
| Commercial & Industrial, US addressed loans - <$1MM | 3,880 | $188,595 | $48,607 |
| Commercial & Industrial, US addressed loans - <$100k | 3,102 | $69,680 | $22,463 |
| Commercial & Industrial, US addressed loans - $100-250k | 438 | $38,996 | $89,032 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 340 | $79,919 | $235,056 |
| Farmland loans - <$1MM | 473 | $66,612 | $140,829 |
| Farmland loans - <$100k | 157 | $7,269 | $46,299 |
| Farmland loans - $100-250k | 205 | $28,148 | $137,307 |
| Farmland loans - $250k-1MM | 111 | $31,195 | $281,036 |
| Agriculture operations loans - <$1MM | 1,891 | $45,510 | $24,067 |
| Agriculture operations loans - <$100k | 1,754 | $29,094 | $16,587 |
| Agriculture operations loans - $100-250k | 113 | $12,082 | $106,920 |
| Agriculture operations loans - $250k-1MM | 24 | $4,334 | $180,583 |
