The Farmers National Bank Of Canfield Mortgage Rates, Fees & Info

Canfield, OH

LEI: 549300YNUT7D0FWKU636

Tax ID: 34-0214400

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Bank Data

Review & Overview

The Farmers National Bank Of Canfield is a smaller bank specializing in Refi and Home Purchase 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 by origination volume include: Youngstown, Wooster, Canton, Cleveland, and Salem among others. We have data for 54 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Farmers National Bank Of Canfield has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. The Farmers National Bank Of Canfield is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 12/2/24
30 Year Conventional Purchase 6.70% 12/2/24
30 Year Conventional Refi 6.45% 12/2/24
30 Year Cash-out Refi 6.80% 12/2/24
30 Year FHA Purchase 7.49% 12/2/24
30 Year VA Purchase 6.08% 12/2/24
15 Year Conventional Purchase 6.35% 12/2/24
15 Year Conventional Refi 6.35% 12/2/24
15 Year Cash-out Refi 6.35% 12/2/24
15 Year FHA Purchase 5.68% 12/2/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

The Farmers National Bank Of Canfield Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from The Farmers National Bank Of Canfield. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

2,494

Origination Dollar Volume (All Markets)

$429,190,000

Employee count

407

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
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 864 $126,380,000 $146,273 $3,438 3.25%
Wooster, OH (FHA|USDA|VA) 512 $89,200,000 $174,219 $3,883 3.19%
CANTON-MASSILLON, OH (FHA|USDA|VA) 314 $56,370,000 $179,522 $3,655 3.31%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 172 $37,570,000 $218,430 $3,769 3.30%
Salem, OH (FHA|USDA|VA) 255 $34,575,000 $135,588 $3,556 3.42%
AKRON, OH (FHA|USDA|VA) 108 $21,020,000 $194,630 $3,861 3.33%
Outside of Metro Areas 70 $11,760,000 $168,000 $3,893 3.37%
PITTSBURGH, PA (FHA|USDA|VA) 28 $6,020,000 $215,000 $4,868 3.22%
New Philadelphia-Dover, OH (FHA|USDA|VA) 23 $4,735,000 $205,870 $3,971 3.31%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 5 $3,995,000 $799,000 $7,596 3.10%
Ashland, OH (FHA|USDA|VA) 22 $3,830,000 $174,091 $3,821 3.69%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $3,095,000 $619,000 $15,842 3.25%
TOLEDO, OH (FHA|USDA|VA) 8 $2,770,000 $346,250 $4,530 3.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $2,030,000 $1,015,000 $6,945 3.25%
Ashtabula, OH (FHA|USDA|VA) 13 $1,985,000 $152,692 $4,147 3.54%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 8 $1,980,000 $247,500 $4,865 3.23%
COLUMBUS, OH (FHA|USDA|VA) 9 $1,885,000 $209,444 $4,216 3.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $1,385,000 $1,385,000 $0 4.50%
New Castle, PA (FHA|USDA|VA) 6 $1,290,000 $215,000 $5,029 3.06%
Coshocton, OH (FHA|USDA|VA) 5 $1,215,000 $243,000 $4,233 3.68%
Georgetown, SC (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $0 3.95%
Mount Vernon, OH (FHA|USDA|VA) 4 $1,090,000 $272,500 $5,038 3.13%
Zanesville, OH (FHA|USDA|VA) 7 $1,065,000 $152,143 $4,481 3.09%
Sandusky, OH (FHA|USDA|VA) 4 $990,000 $247,500 $3,938 3.28%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $935,000 $311,667 $5,698 3.92%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $835,000 $278,333 $4,837 3.46%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $800,000 $400,000 $5,591 2.50%
THE VILLAGES, FL (FHA|USDA|VA) 3 $725,000 $241,667 $3,597 3.04%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $685,000 $685,000 $0 3.95%
MANSFIELD, OH (FHA|USDA|VA) 4 $660,000 $165,000 $3,716 3.53%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $600,000 $300,000 $3,805 3.50%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 4 $570,000 $142,500 $4,127 3.47%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $505,000 $505,000 $4,060 2.38%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $470,000 $235,000 $3,554 2.81%
URBAN HONOLULU, HI (FHA|USDA|VA) 1 $405,000 $405,000 $4,344 2.50%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $390,000 $195,000 $3,172 2.94%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $375,000 $375,000 $4,493 3.75%
Traverse City, MI (FHA|USDA|VA) 3 $375,000 $125,000 $0 4.33%
BOULDER, CO (FHA|USDA|VA) 1 $365,000 $365,000 $4,542 2.38%
Murray, KY (FHA|USDA|VA) 1 $355,000 $355,000 $3,322 3.38%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $305,000 $305,000 $5,086 3.38%
Jackson, OH (FHA|USDA|VA) 1 $255,000 $255,000 $4,138 2.38%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $245,000 $245,000 $3,371 3.00%
Somerset, PA (FHA|USDA|VA) 1 $245,000 $245,000 $4,828 2.75%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $235,000 $235,000 $3,969 3.00%
Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 1 $235,000 $235,000 $3,936 3.50%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $225,000 $225,000 $5,367 3.25%
ERIE, PA (FHA|USDA|VA) 1 $205,000 $205,000 $4,339 3.50%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $195,000 $195,000 $3,499 2.75%
Hillsdale, MI (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.50%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $135,000 $135,000 $3,353 2.38%
Cambridge, OH (FHA|USDA|VA) 1 $125,000 $125,000 $2,755 2.75%
Heber, UT (FHA|USDA|VA) 1 $75,000 $75,000 $2,889 2.88%
St. Marys, PA (FHA|USDA|VA) 1 $45,000 $45,000 $3,171 3.75%
The Farmers National Bank Of Canfield's top markets include Youngstown, Wooster, Canton, Cleveland, and Salem among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Similar Lenders

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

    M. S. Flynn, Inc.
    Similarity Rank: 236
    TRI BORO
    Similarity Rank: 264
    Ohio Catholic Federal Credit Union
    Similarity Rank: 392
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 456
    NEW FED MORTGAGE, CORP.
    Similarity Rank: 644
    ARMCO CREDIT UNION
    Similarity Rank: 645
    PRINCETON FINANCIAL LLC
    Similarity Rank: 754
    Standard Bank, PaSB
    Similarity Rank: 756

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,851 $363,795,000 $196,540 $3,719 3.26%
    HELOC 640 $65,040,000 $101,625 n/a 3.33%
    FHA 3 $355,000 $118,333 $5,866 3.08%

    For 2020, The Farmers National Bank Of Canfield's most frequently originated type of loan was Conventional, with 1,851 originations. Their 2nd most popular type was HELOC, with 640 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 926 $175,600,000 $189,633 $3,476 3.07%
    Home Purchase 610 $125,350,000 $205,492 $4,054 3.50%
    Cash Out Refi 417 $79,185,000 $189,892 $3,905 3.22%
    Home Improvement 367 $31,505,000 $85,845 $2,105 3.39%
    Other 174 $17,550,000 $100,862 $2,696 3.49%

    For 2020, The Farmers National Bank Of Canfield's most frequently cited loan purpose was Refi, with 926 originations. The 2nd most popular reason was Home Purchase, with 610 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,394 $226,770,000 $162,676 $3,843 3.39%
    15 Year 690 $116,230,000 $168,449 $3,543 2.82%
    20 Year 195 $38,825,000 $199,103 $3,509 3.34%
    Other 84 $10,940,000 $130,238 $4,457 3.90%
    30+ year 58 $20,400,000 $351,724 $6,391 3.73%
    10 Year 50 $8,070,000 $161,400 $620 4.53%
    5 Year 22 $7,650,000 $347,727 $0 3.45%
    1 Year 1 $305,000 $305,000 $0 3.75%

    For 2020, The Farmers National Bank Of Canfield's most frequently cited loan duration was 30 Year, with 1,394 originations. The 2nd most popular length was 15 Year, with 690 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,309 $243,695,000 $186,169
    $2k-3k 237 $53,245,000 $224,662
    $<1k 85 $9,075,000 $106,765
    $3k-4k 55 $13,885,000 $252,455
    $4k-5k 20 $6,930,000 $346,500
    $5k+ 13 $5,145,000 $395,769

    The Farmers National Bank Of Canfield's average total fees were $3,843, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,309 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,151 $232,465,000 $201,968
    2.5-3% 513 $97,055,000 $189,191
    <2.5% 506 $66,160,000 $130,751
    4-5% 221 $28,205,000 $127,624
    5-6% 86 $4,670,000 $54,302
    6-7% 16 $600,000 $37,500
    7-8% 1 $35,000 $35,000

    During 2020, The Farmers National Bank Of Canfield's average interest rate for loans was 3.39%, while their most frequently originated rate bucket for loans was 3-4%, with 1,151 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 902 $128,210,000 $142,140 $3,484 3.12%
    $100,000 or less 840 $49,440,000 $58,857 $2,908 3.50%
    $200k-400k 612 $163,790,000 $267,631 $4,205 3.19%
    $400k-600k 103 $48,695,000 $472,767 $5,210 3.22%
    $600k-1MM 25 $19,445,000 $777,800 $6,658 3.45%
    $1MM+ 12 $19,610,000 $1,634,167 $13,539 3.72%

    2020 saw The Farmers National Bank Of Canfield place emphasis on $100k-200k loans with 902 originations, totaling $128,210,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 567 $75,515,000 $133,183 $3,512 3.32%
    $50k or less 517 $52,875,000 $102,273 $3,445 3.40%
    $100k-150k 451 $77,205,000 $171,186 $3,851 3.19%
    $75k-100k 369 $56,915,000 $154,241 $3,741 3.23%
    $150k-250k 296 $71,600,000 $241,892 $4,219 3.08%
    $250k+ 183 $65,105,000 $355,765 $4,985 3.23%

    The Farmers National Bank Of Canfield lent most frequently to those with incomes in the $50k-75k range, with 567 originations. The second most popular income band? $50k or less, with 517 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 719 $119,965,000 $166,850 $3,637 3.15%
    30-36% 492 $79,890,000 $162,378 $3,788 3.32%
    <20% 458 $75,860,000 $165,633 $3,510 3.04%
    39% 85 $16,375,000 $192,647 $4,533 3.56%
    38% 85 $14,105,000 $165,941 $3,607 3.36%
    36% 78 $10,220,000 $131,026 $3,620 3.53%
    42% 68 $12,220,000 $179,706 $3,700 3.62%
    41% 67 $11,865,000 $177,090 $3,987 3.69%
    37% 67 $10,515,000 $156,940 $3,581 3.39%
    43% 64 $12,340,000 $192,813 $3,639 3.29%
    40% 55 $10,135,000 $184,273 $4,140 3.49%
    44% 49 $8,395,000 $171,327 $3,644 3.26%
    46% 29 $4,475,000 $154,310 $3,875 3.11%
    45% 29 $6,265,000 $216,034 $4,106 3.25%
    47% 29 $5,585,000 $192,586 $3,860 3.34%
    48% 23 $3,055,000 $132,826 $3,548 3.30%
    49% 19 $3,295,000 $173,421 $3,945 3.15%
    50-60% 8 $1,260,000 $157,500 $3,940 3.44%
    >60% 1 $175,000 $175,000 $4,275 4.00%

    The Farmers National Bank Of Canfield lent most frequently to those with DTI ratios of 20-30%, with 719 originations. The next most common DTI ratio? 30-36%, with 492 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,351 $391,475,000 $166,514 $3,725 3.26%
    Not applicable 43 $21,155,000 $491,977 $0 4.26%
    Not provided 69 $10,315,000 $149,493 $3,608 3.24%
    Asian Indian 4 $2,160,000 $540,000 $4,973 3.16%
    Black 12 $1,350,000 $112,500 $3,176 3.20%
    Asian 6 $1,310,000 $218,333 $3,993 3.63%
    American Indian 4 $620,000 $155,000 $3,519 2.56%
    Other Asian 2 $430,000 $215,000 $3,400 3.25%
    Filipino 1 $175,000 $175,000 $4,027 2.75%
    Native Hawaiian or Islander 1 $105,000 $105,000 $0 3.25%
    Chinese 1 $95,000 $95,000 $3,361 2.38%

    Approval Rates

    Total approvals of all applications
    89.32%

    The Farmers National Bank Of Canfield has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.30%

    The Farmers National Bank Of Canfield has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,494 $429,190,000 $172,089

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $2,085,000 $695,000
    Multifamily:Site-Built 23 $16,905,000 $735,000
    Single Family (1-4 Units):Manufactured 34 $3,310,000 $97,353
    Single Family (1-4 Units):Site-Built 2,434 $406,890,000 $167,169

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 328 $31,370,000 $95,640 $2,907 3.31%
    40-60% 418 $69,730,000 $166,818 $3,527 3.11%
    60-80% 998 $214,290,000 $214,719 $3,829 3.22%
    80-100% 536 $104,000,000 $194,030 $3,901 3.33%
    Under 20% 213 $9,575,000 $44,953 $1,533 3.66%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Farmers National Bank of Canfield 100 Continental Drive Salem, OH 44460 Full Service B&M $70,924
    The Farmers National Bank of Canfield 4950 Kidron Road Kidron, OH 44636 Full Service B&M $54,841
    The Farmers National Bank of Canfield 102 West Western Reserve Road Youngstown, OH 44514 Full Service B&M $99,197
    The Farmers National Bank of Canfield 106 Ainsworth Street Lodi, OH 44254 Full Service B&M $24,460
    The Farmers National Bank of Canfield 106 Mckinley Way West Poland, OH 44514 Full Service B&M $60,208
    The Farmers National Bank of Canfield 10800 Kinsman Road Newbury, OH 44065 Full Service B&M $61,515
    The Farmers National Bank of Canfield 112 West Market Street Orrville, OH 44667 Full Service B&M $76,061
    The Farmers National Bank of Canfield 12 West Main Street Dalton, OH 44618 Full Service B&M $54,731
    The Farmers National Bank of Canfield 121 North State Street Girard, OH 44420 Full Service B&M $63,839
    The Farmers National Bank of Canfield 131 East Lincoln Way Lisbon, OH 44432 Full Service B&M $17,116
    The Farmers National Bank of Canfield 1320 West High Street Orrville, OH 44667 Full Service B&M $33,159
    The Farmers National Bank of Canfield 153 East Main Street Smithville, OH 44677 Full Service B&M $33,336
    The Farmers National Bank of Canfield 15703 State Route 170 Calcutta, OH 43920 Full Service B&M $51,199
    The Farmers National Bank of Canfield 15974 East Main Street Mount Eaton, OH 44659 Full Service B&M $34,209
    The Farmers National Bank of Canfield 1625 Niles Cortland Road, Ne Warren, OH 44484 Full Service B&M $79,975
    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 $56,460
    The Farmers National Bank of Canfield 20 South Broad Street Canfield, OH 44406 Full Service B&M $563,609
    The Farmers National Bank of Canfield 201 N Market Street Shreve, OH 44676 Full Service B&M $25,125
    The Farmers National Bank of Canfield 20325 Center Ridge Road Suite 405 Cleveland, OH 44116 Limited, Drive-thru $25,217
    The Farmers National Bank of Canfield 211 Lincoln Way East Massillon, OH 44646 Full Service B&M $46,306
    The Farmers National Bank of Canfield 22 North Canfield-Niles Road Austintown, OH 44515 Full Service B&M $91,929
    The Farmers National Bank of Canfield 2312 Lincoln Way West Massillon, OH 44647 Full Service B&M $31,766
    The Farmers National Bank of Canfield 24755 Chagrin Boulevard, Suite 100 Beachwood, OH 44122 Full Service B&M $71,715
    The Farmers National Bank of Canfield 29053 State Route 62 Damascus, OH 44619 Full Service B&M $38,086
    The Farmers National Bank of Canfield 305 West Liberty Street Wooster, OH 44691 Full Service B&M $48,194
    The Farmers National Bank of Canfield 310 West State St Suite A Alliance, OH 44601 Full Service B&M $26,922
    The Farmers National Bank of Canfield 340 State Route 14 Columbiana, OH 44408 Full Service B&M $80,731
    The Farmers National Bank of Canfield 3619 South Meridian Road Youngstown, OH 44511 Full Service B&M $68,187
    The Farmers National Bank of Canfield 401 East Main Street Canfield, OH 44406 Full Service B&M $19,025
    The Farmers National Bank of Canfield 4192 Burbank Rd. Wooster, OH 44691 Full Service B&M $59,570
    The Farmers National Bank of Canfield 42 Mcclurg Road Boardman, OH 44512 Full Service B&M $60,499
    The Farmers National Bank of Canfield 4518 Fulton Drive Nw Suite 100 Canton, OH 44718 Full Service B&M $55,534
    The Farmers National Bank of Canfield 4885 Atlantic Drive Seville, OH 44273 Full Service B&M $18,870
    The Farmers National Bank of Canfield 5845 Youngstown Warren Rd Niles, OH 44446 Full Service B&M $53,084
    The Farmers National Bank of Canfield 617 Bradshaw Avenue East Liverpool, OH 43920 Full Service B&M $21,691
    The Farmers National Bank of Canfield 629 Midland Avenue Midland, PA 15059 Full Service B&M $28,054
    The Farmers National Bank of Canfield 7227 East Lincoln Way Apple Creek, OH 44606 Full Service B&M $22,675
    The Farmers National Bank of Canfield One South Main Street Niles, OH 44446 Full Service B&M $118,362

    For 2020, The Farmers National Bank Of Canfield had 39 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $112,124
    Net interest income $96,349
    Total noninterest income $26,680
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $3,954
    Trading account gains and fees $0
    Additional Noninterest Income $22,726
    Pre-tax net operating income $49,640
    Securities gains (or losses, -) $-444
    Income before extraordinary items $40,891
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $40,891
    Minority interest net income $0
    Net income $40,891
    Sale, conversion, retirement of capital stock, net $824
    Net operating income $41,259

    The Farmers National Bank Of Canfield's gross interest income from loans was $112,124,000.
    The Farmers National Bank Of Canfield's net interest income from loans was $96,349,000.
    The Farmers National Bank Of Canfield's fee based income from loans was $3,954,000.
    The Farmers National Bank Of Canfield's net income from loans was $40,891,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $15,775
    Provision for credit losses $9,100
    Total noninterest expense $64,289
    Salaries and employee benefits $35,881
    Premises and equipment expense $6,959
    Additional noninterest expense $21,449
    Applicable income taxes $8,305
    Net charge-offs $1,443
    Cash dividends $28,646

    The Farmers National Bank Of Canfield's interest expense for loans was $15,775,000.
    The Farmers National Bank Of Canfield's payroll and benefits expense were $35,881,000.
    The Farmers National Bank Of Canfield's property, plant and equipment expenses $6,959,000.

    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 1.0%
    Personal loans 0.0%
    Credit card loans 0.2%
    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 $2,620,917
    Deposits held in domestic offices $2,620,917
    Deposits by Individuals, partnerships, and corporations $2,275,239
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $345,449
    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 $607,267
    Demand deposits $219,812
    Nontransaction accounts $2,013,650
    Money market deposit accounts (MMDAs) $217,025
    Other savings deposits (excluding MMDAs) $1,314,063
    Total time deposits $482,562
    Total time and savings deposits $2,401,105
    Noninterest-bearing deposits $618,579
    Interest-bearing deposits $2,002,338
    Retail deposits $2,234,556
    IRAs and Keogh plan accounts $48,622
    Brokered deposits $249,483
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $3,055,881
    Cash & Balances due from depository institutions $249,716
    Interest-bearing balances $212,612
    Total securities $569,550
    Federal funds sold & reverse repurchase $621
    Net loans and leases $2,060,389
    Loan and leases loss allowance $22,144
    Trading account assets $0
    Bank premises and fixed assets $25,437
    Other real estate owned $0
    Goodwill and other intangibles $50,328
    All other assets $99,840

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $3,055,881
    Total Liabilities $2,719,555
    Total deposits $2,620,917
    Interest-bearing deposits $2,002,338
    Deposits held in domestic offices $2,620,917
    % insured (estimated) $65
    Federal funds purchased and repurchase agreements $2,171
    Trading liabilities $0
    Other borrowed funds $67,715
    Subordinated debt $0
    All other liabilities $28,752

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,060,389
    Loan and leases loss allowance $22,144
    Total loans and leases (domestic) $2,082,533
    All real estate loans $1,420,419
    Real estate loans in domestic offices $1,420,419
    Construction and development loans $50,942
    Residential 1-4 family construction $17,121
    Other construction, all land development and other land $33,821
    Loans secured by nonfarm nonresidential properties $617,518
    Nonfarm nonresidential secured by owner-occupied properties $258,156
    Commercial real estate & other non-farm, non-residential $359,362
    Multifamily residential real estate $52,535
    1-4 family residential loans $516,923
    Farmland loans $182,501
    Loans held in foreign offices $0
    Farm loans $49,909
    Commercial and industrial loans $354,043
    To non-U.S. addressees $0
    Loans to individuals $205,705
    Credit card loans $3,206
    Related Plans $6,680
    Consumer Auto Loans $141,944
    Other loans to individuals $53,875
    All other loans & leases $52,457
    Loans to foreign governments and official institutions $0
    Other loans $983
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $2,364
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,524
    Non 1-4 family restructured loans & leases $29
    Total loans and leases (foreign) $0

    The Farmers National Bank of Canfield had $2,060,389,000 of loans outstanding in 2020. $1,420,419,000 of loans were in real estate loans. $50,942,000 of loans were in development loans. $52,535,000 of loans were in multifamily mortgage loans. $516,923,000 of loans were in 1-4 family mortgage loans. $49,909,000 of loans were in farm loans. $3,206,000 of loans were in credit card loans. $141,944,000 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 1,027 $215,828 $210,154
    Nonfarm, nonresidential loans - <$100k 271 $10,496 $38,731
    Nonfarm, nonresidential loans - $100-250k 317 $36,577 $115,385
    Nonfarm, nonresidential loans - $250k-1MM 439 $168,755 $384,408
    Commercial & Industrial, US addressed loans - <$1MM 4,457 $246,784 $55,370
    Commercial & Industrial, US addressed loans - <$100k 3,497 $80,161 $22,923
    Commercial & Industrial, US addressed loans - $100-250k 533 $53,459 $100,298
    Commercial & Industrial, US addressed loans - $250k-1MM 427 $113,164 $265,021
    Farmland loans - <$1MM 459 $66,940 $145,839
    Farmland loans - <$100k 144 $6,795 $47,188
    Farmland loans - $100-250k 200 $27,274 $136,370
    Farmland loans - $250k-1MM 115 $32,871 $285,835
    Agriculture operations loans - <$1MM 1,731 $41,429 $23,934
    Agriculture operations loans - <$100k 1,594 $26,090 $16,368
    Agriculture operations loans - $100-250k 113 $10,825 $95,796
    Agriculture operations loans - $250k-1MM 24 $4,514 $188,083