F&m Bank Mortgage Rates, Fees & Info
Clarksville, TNLEI: 549300YRN588YD6VNJ18
Tax ID: 62-0198065
2021 Data | 2020 Data | 2019 Data | 2018 Data
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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
3,313Origination Dollar Volume (All Markets)
$1,055,155,000Employee count
280Awards
F&M Bank - 2021
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For 2021, less than of lenders were eligible for this award.
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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 applications96.73%
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 origination83.00%
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
| Item | Value (in 000's) |
|---|---|
| Total interest income | $42,359 |
| Net interest income | $38,719 |
| Total noninterest income | $29,282 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $907 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $28,375 |
| Pre-tax net operating income | $19,850 |
| Securities gains (or losses, -) | $-73 |
| Income before extraordinary items | $18,529 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $18,529 |
| Minority interest net income | $-107 |
| Net income | $18,636 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $18,597 |
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.
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 | $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 |
