F&m Bank Mortgage Rates, Fees & Info
Clarksville, TN
LEI: 549300YRN588YD6VNJ18
Tax ID: 62-0198065
5 stars
-
out of 5 stars, based on 58 reviews
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Mortgage Data
Bank Data
Overview
F&m Bank is a
small
bank
specializing in
Home Purchase and Refi loans.
F&m Bank 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.)
They have a low ratio of USDA loans.
Their top markets include Nashville, Clarksville, Tullahoma, Shelbyville, and Knoxville among others. F&m Bank has
an above average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
F&m Bank is typically
an average fee
lendor.
Originations
3,313
Origination Dollar Volume (All Markets)
$1,055,155,000
Employee count
280
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F&M Bank - 2021
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Relative Rate
F&m Bank's average 30 year fixed rate mortgage of loans were
2.8%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.35%.
Relative Fees
F&m Bank's average total fees for a 30 year fixed rate
mortgage are $3,955.
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 |
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA)
|
2,196
|
$724,060,000 |
$329,718 |
$3,326 |
2.79% |
CLARKSVILLE, TN-KY (FHA|USDA|VA)
|
834
|
$245,700,000 |
$294,604 |
$4,957 |
2.98% |
Outside of Metro Areas
|
56 |
$16,990,000 |
$303,393 |
$3,503 |
3.17% |
Tullahoma-Manchester, TN (FHA|USDA|VA)
|
30
|
$7,980,000 |
$266,000 |
$4,751 |
2.74% |
Shelbyville, TN (FHA|USDA|VA)
|
23
|
$5,455,000 |
$237,174 |
$4,282 |
2.80% |
KNOXVILLE, TN (FHA|USDA|VA)
|
16
|
$4,470,000 |
$279,375 |
$2,888 |
2.77% |
Cookeville, TN (FHA|USDA|VA)
|
16
|
$3,910,000 |
$244,375 |
$3,860 |
2.99% |
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA)
|
5
|
$3,225,000 |
$645,000 |
$4,068 |
3.20% |
Lewisburg, TN (FHA|USDA|VA)
|
12
|
$3,060,000 |
$255,000 |
$2,734 |
2.80% |
OWENSBORO, KY (FHA|USDA|VA)
|
2
|
$2,970,000 |
$1,485,000 |
$2,546 |
3.33% |
CHATTANOOGA, TN-GA (FHA|USDA|VA)
|
11
|
$2,725,000 |
$247,727 |
$2,652 |
3.10% |
MEMPHIS, TN-MS-AR (FHA|USDA|VA)
|
9
|
$2,595,000 |
$288,333 |
$4,219 |
2.61% |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)
|
5
|
$2,235,000 |
$447,000 |
$6,292 |
2.63% |
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA)
|
5
|
$1,845,000 |
$369,000 |
$5,101 |
2.58% |
Sevierville, TN (FHA|USDA|VA)
|
5
|
$1,565,000 |
$313,000 |
$0 |
3.23% |
JACKSON, TN (FHA|USDA|VA)
|
4
|
$1,490,000 |
$372,500 |
$3,582 |
2.78% |
Murray, KY (FHA|USDA|VA)
|
5
|
$1,405,000 |
$281,000 |
$2,531 |
2.90% |
FAYETTEVILLE, NC (FHA|USDA|VA)
|
5
|
$1,255,000 |
$251,000 |
$7,868 |
2.70% |
McMinnville, TN (FHA|USDA|VA)
|
5
|
$1,205,000 |
$241,000 |
$4,839 |
2.90% |
BOWLING GREEN, KY (FHA|USDA|VA)
|
4
|
$1,180,000 |
$295,000 |
$2,910 |
2.97% |
Paris, TN (FHA|USDA|VA)
|
5
|
$1,125,000 |
$225,000 |
$2,972 |
3.13% |
Dayton, TN (FHA|USDA|VA)
|
3
|
$1,035,000 |
$345,000 |
$2,453 |
3.13% |
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA)
|
1
|
$1,005,000 |
$1,005,000 |
$10,229 |
4.25% |
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA)
|
3
|
$975,000 |
$325,000 |
$3,527 |
3.17% |
Lawrenceburg, TN (FHA|USDA|VA)
|
3
|
$905,000 |
$301,667 |
$2,286 |
3.21% |
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)
|
2
|
$850,000 |
$425,000 |
$4,150 |
2.63% |
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA)
|
2
|
$840,000 |
$420,000 |
$3,528 |
2.81% |
PANAMA CITY, FL (FHA|USDA|VA)
|
3
|
$835,000 |
$278,333 |
$0 |
3.46% |
JACKSONVILLE, FL (FHA|USDA|VA)
|
2
|
$830,000 |
$415,000 |
$3,992 |
2.69% |
HUNTSVILLE, AL (FHA|USDA|VA)
|
3
|
$775,000 |
$258,333 |
$3,057 |
2.67% |
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA)
|
2
|
$710,000 |
$355,000 |
$2,866 |
2.44% |
Cullman, AL (FHA|USDA|VA)
|
1
|
$665,000 |
$665,000 |
$4,533 |
2.88% |
COLUMBUS, OH (FHA|USDA|VA)
|
2
|
$660,000 |
$330,000 |
$3,105 |
2.63% |
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA)
|
3
|
$655,000 |
$218,333 |
$4,459 |
2.79% |
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)
|
1
|
$635,000 |
$635,000 |
$3,160 |
3.00% |
MONTGOMERY, AL (FHA|USDA|VA)
|
2
|
$580,000 |
$290,000 |
$8,249 |
2.63% |
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA)
|
2
|
$470,000 |
$235,000 |
$3,184 |
2.31% |
DAYTON-KETTERING, OH (FHA|USDA|VA)
|
1
|
$425,000 |
$425,000 |
$5,050 |
2.63% |
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA)
|
1
|
$405,000 |
$405,000 |
$2,281 |
3.00% |
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA)
|
1
|
$365,000 |
$365,000 |
$3,700 |
2.75% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)
|
1
|
$355,000 |
$355,000 |
$3,879 |
2.63% |
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA)
|
1
|
$335,000 |
$335,000 |
$0 |
3.75% |
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA)
|
1
|
$325,000 |
$325,000 |
$2,107 |
2.25% |
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA)
|
1
|
$325,000 |
$325,000 |
$3,795 |
3.13% |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA)
|
1
|
$315,000 |
$315,000 |
$2,770 |
3.00% |
STAUNTON, VA (FHA|USDA|VA)
|
1
|
$255,000 |
$255,000 |
$8,211 |
2.50% |
GETTYSBURG, PA (FHA|USDA|VA)
|
1
|
$255,000 |
$255,000 |
$3,205 |
2.25% |
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA)
|
1
|
$245,000 |
$245,000 |
$2,830 |
2.63% |
Pinehurst-Southern Pines, NC (FHA|USDA|VA)
|
1
|
$245,000 |
$245,000 |
$0 |
2.50% |
DECATUR, AL (FHA|USDA|VA)
|
1
|
$235,000 |
$235,000 |
$0 |
3.50% |
EVANSVILLE, IN-KY (FHA|USDA|VA)
|
1
|
$235,000 |
$235,000 |
$6,780 |
2.63% |
MORRISTOWN, TN (FHA|USDA|VA)
|
1
|
$235,000 |
$235,000 |
$3,112 |
3.00% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)
|
1
|
$225,000 |
$225,000 |
$7,812 |
2.25% |
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA)
|
1
|
$225,000 |
$225,000 |
$2,114 |
2.38% |
COLUMBUS, GA-AL (FHA|USDA|VA)
|
1
|
$215,000 |
$215,000 |
$6,936 |
2.75% |
LEXINGTON-FAYETTE, KY (FHA|USDA|VA)
|
1
|
$195,000 |
$195,000 |
$2,282 |
2.25% |
Dyersburg, TN (FHA|USDA|VA)
|
1
|
$185,000 |
$185,000 |
$3,806 |
2.25% |
Greeneville, TN (FHA|USDA|VA)
|
1
|
$175,000 |
$175,000 |
$2,214 |
3.00% |
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA)
|
1
|
$165,000 |
$165,000 |
$1,567 |
2.75% |
Union City, TN (FHA|USDA|VA)
|
1
|
$135,000 |
$135,000 |
$1,609 |
3.50% |
Crossville, TN (FHA|USDA|VA)
|
1
|
$125,000 |
$125,000 |
$0 |
3.75% |
ST. LOUIS, MO-IL (FHA|USDA|VA)
|
1
|
$85,000 |
$85,000 |
$0 |
4.38% |
F&m Bank's top markets include Nashville, Clarksville, Tullahoma, Shelbyville, and Knoxville among others.
Product Mix
Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Conventional |
2,713 |
$882,985,000 |
$325,464 |
$2,957 |
2.91% |
VA |
424 |
$126,500,000 |
$298,349 |
$6,552 |
2.51% |
FHA |
158 |
$42,020,000 |
$265,949 |
$7,387 |
2.64% |
USDA |
18 |
$3,650,000 |
$202,778 |
$4,939 |
2.57% |
For the 2021 period, F&m Bank's most frequently
originated loan type
of loans were Conventional, with 2,713 originations.
Their 2nd most popular type is VA,
with 424 originations.
Loan Reason
Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
Home Purchase |
1,700 |
$571,960,000 |
$336,447 |
$4,609 |
2.92% |
Refi |
1,152 |
$346,430,000 |
$300,720 |
$2,777 |
2.73% |
Cash Out Refi |
441 |
$133,495,000 |
$302,710 |
$3,168 |
2.82% |
Home Improvement |
11 |
$1,565,000 |
$142,273 |
$2,482 |
4.11% |
Other |
9 |
$1,705,000 |
$189,444 |
$2,658 |
4.04% |
For the 2021, F&m Bank's most frequently cited loan
purpose
of loans were Home Purchase, with 1,700
originations.
The 2nd most popular reason of loans were Refi,
with 1,152 originations.
Loan Duration/Length
Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
30 Year |
2,531 |
$793,875,000 |
$313,661 |
$3,955 |
2.80% |
15 Year |
349 |
$84,875,000 |
$243,195 |
$2,629 |
2.39% |
Other |
222 |
$113,330,000 |
$510,495 |
$2,578 |
3.75% |
20 Year |
159 |
$44,715,000 |
$281,226 |
$2,811 |
3.17% |
10 Year |
27 |
$5,125,000 |
$189,815 |
$2,310 |
2.83% |
1 Year |
24 |
$13,190,000 |
$549,583 |
$6,943 |
4.20% |
5 Year |
1 |
$45,000 |
$45,000 |
$1,098 |
5.45% |
For the 2021, F&m Bank's most frequently cited loan
length
of loans were 30 Year, with 2,531 originations.
The 2nd most popular length of loans were 15 Year,
with 349 originations.
Origination Fees
Origination Fee |
Originations |
Total Value |
Average Loan |
$<1k |
2,653 |
$819,875,000 |
$309,037 |
$1k-2k |
113 |
$30,305,000 |
$268,186 |
$2k-3k |
49 |
$15,955,000 |
$325,612 |
$3k-4k |
22 |
$8,160,000 |
$370,909 |
$5k+ |
9 |
$8,705,000 |
$967,222 |
$3,955 of loans were F&m Bank's
average total fees, while their most
frequently occuring range of origination fees were in the
$<1k bucket,
with 2,653 originations.
Interest Rates
Loan Rate |
Originations |
Total Value |
Average Loan |
2.5-3% |
1,549 |
$496,835,000 |
$320,746 |
<2.5% |
999 |
$286,665,000 |
$286,952 |
3-4% |
686 |
$222,960,000 |
$325,015 |
4-5% |
57 |
$42,635,000 |
$747,982 |
5-6% |
17 |
$5,595,000 |
$329,118 |
6-7% |
3 |
$215,000 |
$71,667 |
7-8% |
1 |
$55,000 |
$55,000 |
Over 8% |
1 |
$195,000 |
$195,000 |
During 2021, F&m Bank's average interest
rate of loans were 2.80%, while their
most frequently originated rate bucket of loans were 2.5-3%,
with 1,549 originations.
Loan Sizing
Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
$200k-400k |
1,818 |
$518,020,000 |
$284,939 |
$3,901 |
2.76% |
$100k-200k |
688 |
$109,040,000 |
$158,488 |
$2,814 |
2.92% |
$400k-600k |
603 |
$291,085,000 |
$482,728 |
$4,073 |
2.81% |
$100,000 or less |
97 |
$7,145,000 |
$73,660 |
$2,109 |
3.51% |
$600k-1MM |
77 |
$57,305,000 |
$744,221 |
$4,755 |
3.30% |
$1MM+ |
30 |
$72,560,000 |
$2,418,667 |
$10,561 |
3.90% |
2021 saw F&m Bank place emphasis on
$200k-400k loans
with 1,818 originations, totaling
$518,020,000 in origination value.
Applicant Income
Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
$100k-150k |
792 |
$257,640,000 |
$325,303 |
$3,671 |
2.76% |
$50k-75k |
736 |
$180,940,000 |
$245,842 |
$4,031 |
2.75% |
$75k-100k |
515 |
$149,595,000 |
$290,476 |
$4,013 |
2.76% |
$150k-250k |
464 |
$175,010,000 |
$377,177 |
$3,303 |
2.88% |
$50k or less |
335 |
$63,155,000 |
$188,522 |
$3,522 |
2.79% |
$250k+ |
262 |
$114,530,000 |
$437,137 |
$3,825 |
3.10% |
F&m Bank lent most frequently to those with incomes in the
$100k-150k range, with
792 originations.
The second most popular income band? $50k-75k,
with 736 originations.
Applicant Debt to Income Ratio
DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
20-30% |
753 |
$228,405,000 |
$303,327 |
$3,277 |
2.73% |
30-36% |
589 |
$178,055,000 |
$302,301 |
$3,404 |
2.77% |
<20% |
323 |
$96,295,000 |
$298,127 |
$2,956 |
2.67% |
36% |
109 |
$34,065,000 |
$312,523 |
$3,730 |
2.82% |
42% |
104 |
$32,710,000 |
$314,519 |
$4,501 |
2.90% |
41% |
103 |
$34,085,000 |
$330,922 |
$3,549 |
2.77% |
44% |
102 |
$30,990,000 |
$303,824 |
$3,791 |
2.81% |
43% |
99 |
$28,255,000 |
$285,404 |
$3,982 |
2.79% |
39% |
94 |
$28,070,000 |
$298,617 |
$4,021 |
2.89% |
38% |
91 |
$29,095,000 |
$319,725 |
$3,817 |
2.78% |
45% |
91 |
$27,685,000 |
$304,231 |
$4,209 |
2.83% |
50-60% |
88 |
$26,390,000 |
$299,886 |
$7,317 |
2.57% |
40% |
84 |
$26,580,000 |
$316,429 |
$3,956 |
2.82% |
37% |
79 |
$24,815,000 |
$314,114 |
$4,050 |
2.76% |
47% |
77 |
$23,595,000 |
$306,429 |
$5,065 |
2.76% |
46% |
71 |
$22,325,000 |
$314,437 |
$4,915 |
2.76% |
48% |
60 |
$16,970,000 |
$282,833 |
$5,096 |
2.77% |
49% |
52 |
$16,030,000 |
$308,269 |
$4,589 |
2.81% |
>60% |
6 |
$1,910,000 |
$318,333 |
$9,969 |
2.67% |
F&m Bank lent most frequently to those with DTI ratios
of 20-30%, with
753 originations.
The next most common DTI ratio? 30-36%,
with 589 originations.
Ethnicity Mix
Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
White |
2,633 |
$813,765,000 |
$309,064 |
$3,652 |
2.81% |
Not provided |
293 |
$98,115,000 |
$334,863 |
$3,929 |
2.73% |
Not applicable |
124 |
$72,220,000 |
$582,419 |
$0 |
3.97% |
Black |
146 |
$38,430,000 |
$263,219 |
$4,964 |
2.85% |
Asian |
90 |
$23,660,000 |
$262,889 |
$3,809 |
2.85% |
American Indian |
21 |
$6,655,000 |
$316,905 |
$4,036 |
2.86% |
Native Hawaiian |
3 |
$1,305,000 |
$435,000 |
$2,757 |
3.17% |
Asian Indian |
2 |
$710,000 |
$355,000 |
$3,077 |
2.69% |
Filipino |
1 |
$295,000 |
$295,000 |
$2,822 |
2.88% |
Approval Rates
Total approvals of all applications
96.73%
F&m Bank has an exceptionally high approval rate. They
either target their audience
very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination
83.00%
F&m Bank has a below average pick rate.
Points and Fees
Points |
Originations |
Total Value |
Average Loan |
NA |
3,313 |
$1,055,155,000 |
$318,489 |
Occupancy Type Mix
Dwelling Type |
Originations |
Total Value |
Average Loan |
|
3,313 |
$1,055,155,000 |
$318,489 |
LTV Distribution
Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
20-40% |
185 |
$41,125,000 |
$222,297 |
$2,636 |
2.76% |
40-60% |
555 |
$161,445,000 |
$290,892 |
$2,770 |
2.75% |
60-80% |
1,300 |
$440,110,000 |
$338,546 |
$3,011 |
2.94% |
80-100% |
1,149 |
$376,095,000 |
$327,324 |
$4,316 |
2.83% |
Over 100% |
112 |
$34,260,000 |
$305,893 |
$11,094 |
2.55% |
Under 20% |
12 |
$2,120,000 |
$176,667 |
$2,412 |
2.52% |
Bank Details
Branches
Bank Name |
Branch |
Branch Type |
Deposits (000's) |
F&m Bank |
2011 Highway 47 N White Bluff, TN 37187 |
Full Service B&M
|
$49,183 |
F&m Bank |
518 Highway 76 White House, TN 37188 |
Full Service B&M
|
$30,884 |
F&m Bank |
802 Memorial Blvd Murfreesboro, TN 37129 |
Full Service B&M
|
$19,286 |
F&m Bank |
90 College Street Clarksville, TN 37040 |
Limited, Drive-thru
|
$0 |
F&m Bank |
900 N. Washington Avenue Cookeville, TN 38501 |
Full Service B&M
|
$42,863 |
F&m Bank |
One Donelson Parkway Dover, TN 37058 |
Full Service B&M
|
$114,690 |
F&m Bank |
100 Profit Drive Clarksville, TN 37042 |
Full Service B&M
|
$12,396 |
F&m Bank |
1891 Madison Street Clarksville, TN 37043 |
Full Service B&M
|
$110,769 |
F&m Bank |
215 Uffelman Drive Clarksville, TN 37043 |
Limited, Mobile/Seasonal Office
|
$0 |
F&m Bank |
221 Indian Lake Boulevard Hendersonville, TN 37075 |
Full Service B&M
|
$18,247 |
F&m Bank |
225 West Main Street Lebanon, TN 37087 |
Full Service B&M
|
$28,613 |
F&m Bank |
2286 Highway 41, South Greenbrier, TN 37073 |
Full Service B&M
|
$50,375 |
F&m Bank |
251 Dover Road Clarksville, TN 37042 |
Full Service B&M
|
$48,366 |
F&m Bank |
2601 Wilma Rudolph Blvd Clarksville, TN 37040 |
Full Service B&M
|
$57,760 |
F&m Bank |
2698 Madison Street, Highway 41-A Clarksville, TN 37043 |
Full Service B&M
|
$78,352 |
F&m Bank |
3029 Highway 120 Bumpus Mills, TN 37028 |
Full Service B&M
|
$10,980 |
F&m Bank |
320 Main Street, Suite 100 Franklin, TN 37064 |
Full Service B&M
|
$11,500 |
F&m Bank |
3519 Tom Austin Highway Springfield, TN 37172 |
Full Service B&M
|
$108,482 |
F&m Bank |
4151 North Mt. Juliet Road Mount Juliet, TN 37122 |
Full Service B&M
|
$16,316 |
F&m Bank |
50 Franklin Street Clarksville, TN 37040 |
Full Service B&M
|
$310,967 |
For 2021, F&m Bank had 20 branches.
Yearly Performance Overview
Bank Income
F&m Bank's gross interest income from loans was $42,359,000.
F&m Bank's net interest income from loans was $38,719,000.
F&m Bank's fee based income from loans was $907,000.
F&m Bank's net income from loans was $18,636,000.
Bank Expenses
Item |
Value (in 000's) |
Total interest expense |
$3,640 |
Provision for credit losses |
$-3,643 |
Total noninterest expense |
$51,794 |
Salaries and employee benefits |
$31,321 |
Premises and equipment expense |
$6,910 |
Additional noninterest expense |
$13,563 |
Applicable income taxes |
$1,248 |
Net charge-offs |
$-168 |
Cash dividends |
$12,000 |
F&m Bank's interest expense for loans was $3,640,000.
F&m Bank's payroll and benefits expense were $31,321,000.
F&m Bank's property, plant and equipment expenses $6,910,000.
Deposits
Type |
Value (in 000's) |
Total deposits |
$1,203,843 |
Deposits held in domestic offices |
$1,203,843 |
Deposits by Individuals, partnerships, and corporations |
$1,145,407 |
Deposits by U.S. Government |
$0 |
Deposits by States and political subdivisions in the U.S. |
$58,435 |
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 |
$657,449 |
Demand deposits |
$267,329 |
Nontransaction accounts |
$546,393 |
Money market deposit accounts (MMDAs) |
$222,800 |
Other savings deposits (excluding MMDAs) |
$92,349 |
Total time deposits |
$231,245 |
Total time and savings deposits |
$936,513 |
Noninterest-bearing deposits |
$267,257 |
Interest-bearing deposits |
$936,586 |
Retail deposits |
$1,158,779 |
IRAs and Keogh plan accounts |
$29,214 |
Brokered deposits |
$10,000 |
Deposits held in foreign offices |
$0 |
Assets
Asset |
Value (in 000's) |
Total Assets |
$1,398,075 |
Cash & Balances due from depository institutions |
$57,436 |
Interest-bearing balances |
$50,106 |
Total securities |
$148,910 |
Federal funds sold & reverse repurchase |
$15,000 |
Net loans and leases |
$1,042,214 |
Loan and leases loss allowance |
$5,386 |
Trading account assets |
$0 |
Bank premises and fixed assets |
$72,158 |
Other real estate owned |
$0 |
Goodwill and other intangibles |
$28,371 |
All other assets |
$33,986 |
Liabilities
Liabilities |
Value (in 000's) |
Total liabilities and capital |
$1,398,075 |
Total Liabilities |
$1,239,985 |
Total deposits |
$1,203,843 |
Interest-bearing deposits |
$936,586 |
Deposits held in domestic offices |
$1,203,843 |
% insured (estimated) |
$73 |
Federal funds purchased and repurchase agreements |
$0 |
Trading liabilities |
$0 |
Other borrowed funds |
$21,689 |
Subordinated debt |
$0 |
All other liabilities |
$14,453 |
Issued Loan Types
Type |
Value (in 000's) |
Net loans and leases |
$1,042,214 |
Loan and leases loss allowance |
$5,386 |
Total loans and leases (domestic) |
$1,047,600 |
All real estate loans |
$968,509 |
Real estate loans in domestic offices |
$968,509 |
Construction and development loans |
$236,878 |
Residential 1-4 family construction |
$119,728 |
Other construction, all land development and other land |
$117,150 |
Loans secured by nonfarm nonresidential properties |
$241,187 |
Nonfarm nonresidential secured by owner-occupied properties |
$138,217 |
Commercial real estate & other non-farm, non-residential |
$102,970 |
Multifamily residential real estate |
$23,716 |
1-4 family residential loans |
$425,836 |
Farmland loans |
$40,892 |
Loans held in foreign offices |
$0 |
Farm loans |
$4,033 |
Commercial and industrial loans |
$55,822 |
To non-U.S. addressees |
$0 |
Loans to individuals |
$14,011 |
Credit card loans |
$0 |
Related Plans |
$0 |
Consumer Auto Loans |
$2,055 |
Other loans to individuals |
$11,956 |
All other loans & leases |
$5,225 |
Loans to foreign governments and official institutions |
$0 |
Other loans |
$4,935 |
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 |
$248 |
Non 1-4 family restructured loans & leases |
$116 |
Total loans and leases (foreign) |
$0 |
F&M Bank had $1,042,214,000 of loans outstanding in 2021. $968,509,000 of loans were in real estate loans.
$236,878,000 of loans were in development loans. $23,716,000 of loans were in multifamily mortgage loans.
$425,836,000 of loans were in 1-4 family mortgage loans. $4,033,000 of loans were in farm loans. $0
of loans were in credit card loans. $2,055,000 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 |
409 |
$91,246 |
$223,095 |
Nonfarm, nonresidential loans - <$100k |
49 |
$1,755 |
$35,816 |
Nonfarm, nonresidential loans - $100-250k |
135 |
$14,046 |
$104,044 |
Nonfarm, nonresidential loans - $250k-1MM |
225 |
$75,445 |
$335,311 |
Commercial & Industrial, US addressed loans - <$1MM |
1,201 |
$52,431 |
$43,656 |
Commercial & Industrial, US addressed loans - <$100k |
968 |
$16,312 |
$16,851 |
Commercial & Industrial, US addressed loans - $100-250k |
151 |
$13,222 |
$87,563 |
Commercial & Industrial, US addressed loans - $250k-1MM |
82 |
$22,897 |
$279,232 |
Farmland loans - <$1MM |
80 |
$8,335 |
$104,188 |
Farmland loans - <$100k |
27 |
$715 |
$26,481 |
Farmland loans - $100-250k |
31 |
$2,570 |
$82,903 |
Farmland loans - $250k-1MM |
22 |
$5,050 |
$229,545 |
Agriculture operations loans - <$1MM |
141 |
$2,662 |
$18,879 |
Agriculture operations loans - <$100k |
125 |
$1,454 |
$11,632 |
Agriculture operations loans - $100-250k |
14 |
$1,005 |
$71,786 |
Agriculture operations loans - $250k-1MM |
2 |
$203 |
$101,500 |