Farmers & Merchants Bank Of Central California Mortgage Rates, Fees & Info

Lodi, CA

LEI: OZ7MS5KHJY6WIPGXQW23

Tax ID: 94-0467440

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Farmers & Merchants Bank Of Central California is a smaller bank specializing in Refi and Home Purchase loans. Farmers & Merchants Bank Of Central California has a high proportion of conventional loans. Their top markets include Modesto, Stockton, Santa Rosa, Sacramento, and Merced among others. Farmers & Merchants Bank Of Central California has a below average approval rate for mortages when compared nationally. They have an above average pick rate when compared to the same sample of other lendors.


Originations

368

Origination Dollar Volume (All Markets)

$173,750,000

Employee count

373

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
MODESTO, CA (FHA|USDA|VA) 155 $52,565,000 $339,129 $0 0.00%
STOCKTON, CA (FHA|USDA|VA) 109 $44,085,000 $404,450 $0 0.00%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $25,260,000 $12,630,000 $0 0.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 37 $25,225,000 $681,757 $0 0.00%
MERCED, CA (FHA|USDA|VA) 36 $11,310,000 $314,167 $0 0.00%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 9 $6,185,000 $687,222 $0 0.00%
Sonora, CA (FHA|USDA|VA) 6 $2,560,000 $426,667 $0 0.00%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $1,705,000 $1,705,000 $0 0.00%
BOISE CITY, ID (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 0.00%
SALINAS, CA (FHA|USDA|VA) 1 $855,000 $855,000 $0 0.00%
Outside of Metro Areas 4 $750,000 $187,500 $0 0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $705,000 $705,000 $0 0.00%
VALLEJO, CA (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
MADERA, CA (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
FRESNO, CA (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
YUBA CITY, CA (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%

Farmers & Merchants Bank Of Central California's top markets include Modesto, Stockton, Santa Rosa, Sacramento, and Merced among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 368 $173,750,000 $472,147 $0 0.00%

For the 2021 period, Farmers & Merchants Bank Of Central California's most frequently originated loan type of loans were Conventional, with 368 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 253 $106,805,000 $422,154 $0 0.00%
Home Purchase 65 $52,695,000 $810,692 $0 0.00%
Home Improvement 33 $6,575,000 $199,242 $0 0.00%
Other 17 $7,675,000 $451,471 $0 0.00%

For the 2021, Farmers & Merchants Bank Of Central California's most frequently cited loan purpose of loans were Refi, with 253 originations. The 2nd most popular reason of loans were Home Purchase, with 65 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 368 $173,750,000 $472,147 $0 0.00%

For the 2021, Farmers & Merchants Bank Of Central California's most frequently cited loan length of loans were Other, with 368 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 153 $43,275,000 $282,843 $0 0.00%
$100k-200k 76 $11,030,000 $145,132 $0 0.00%
$400k-600k 43 $20,815,000 $484,070 $0 0.00%
$100,000 or less 41 $2,655,000 $64,756 $0 0.00%
$600k-1MM 33 $25,065,000 $759,545 $0 0.00%
$1MM+ 22 $70,910,000 $3,223,182 $0 0.00%

2021 saw Farmers & Merchants Bank Of Central California place emphasis on $200k-400k loans with 153 originations, totaling $43,275,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 84 $25,150,000 $299,405 $0 0.00%
$150k-250k 73 $25,525,000 $349,658 $0 0.00%
$250k+ 57 $37,765,000 $662,544 $0 0.00%
$75k-100k 53 $10,615,000 $200,283 $0 0.00%
$50k-75k 52 $9,470,000 $182,115 $0 0.00%
$50k or less 28 $3,240,000 $115,714 $0 0.00%

Farmers & Merchants Bank Of Central California lent most frequently to those with incomes in the $100k-150k range, with 84 originations. The second most popular income band? $150k-250k, with 73 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 368 $173,750,000 $472,147 $0 0.00%

Farmers & Merchants Bank Of Central California lent most frequently to those with DTI ratios of Exempt%, with 368 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 307 $101,065,000 $329,202 $0 0.00%
Not applicable 21 $61,985,000 $2,951,667 $0 0.00%
Not provided 21 $5,315,000 $253,095 $0 0.00%
Asian 15 $3,875,000 $258,333 $0 0.00%
Native Hawaiian 2 $1,330,000 $665,000 $0 0.00%
American Indian 2 $180,000 $90,000 $0 0.00%

Approval Rates

Total approvals of all applications
66.35%

Farmers & Merchants Bank Of Central California has a low approval rate. They may have poor market targeting or stringent lending standards.

Pick Rate

Approvals leading to origination
95.36%

Farmers & Merchants Bank Of Central California has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

Points and Fees

Points Originations Total Value Average Loan
Exempt 368 $173,750,000 $472,147

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
368 $173,750,000 $472,147

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Farmers & Merchants Bank of Central California 101 Main Street Rio Vista, CA 94571 Full Service B&M $186,804
Farmers & Merchants Bank of Central California 14211 River Road Walnut Grove, CA 95690 Full Service B&M $74,293
Farmers & Merchants Bank of Central California 1521 North Carpenter Road Modesto, CA 95351 Full Service B&M $115,980
Farmers & Merchants Bank of Central California 1715 Trancas Street, Suite C Napa, CA 94558 Full Service B&M $21,704
Farmers & Merchants Bank of Central California 18836 West Main Street Linden, CA 95236 Full Service B&M $394,021
Farmers & Merchants Bank of Central California 18980 North Highway 88 Lockeford, CA 95237 Full Service B&M $7,980
Farmers & Merchants Bank of Central California 19925 West First Street Hilmar, CA 95324 Full Service B&M $179,954
Farmers & Merchants Bank of Central California 205 Lincoln Center Stockton, CA 95207 Full Service B&M $60,726
Farmers & Merchants Bank of Central California 2340 Geer Road Turlock, CA 95380 Full Service B&M $161,405
Farmers & Merchants Bank of Central California 2401 Patterson Road Riverbank, CA 95367 Full Service B&M $59,469
Farmers & Merchants Bank of Central California 2401 Turner Rd Lodi, CA 95240 Full Service Retail $84,671
Farmers & Merchants Bank of Central California 2936 G Street Merced, CA 95340 Full Service B&M $90,825
Farmers & Merchants Bank of Central California 3001 Mchenry Avenue Modesto, CA 95350 Full Service B&M $324,060
Farmers & Merchants Bank of Central California 3500 Dale Road Modesto, CA 95356 Full Service B&M $43,718
Farmers & Merchants Bank of Central California 413 East Lockeford Street Lodi, CA 95240 Limited, Mobile/Seasonal Office $0
Farmers & Merchants Bank of Central California 4430 Florin Road Sacramento, CA 95823 Full Service B&M $57,198
Farmers & Merchants Bank of Central California 4612 Mcgaw Street Stockton, CA 95207 Full Service B&M $322,408
Farmers & Merchants Bank of Central California 611 North Main Street Manteca, CA 95336 Full Service B&M $125,614
Farmers & Merchants Bank of Central California 785 Oak Grove Road, Suite H Concord, CA 94518 Full Service B&M $26,211
Farmers & Merchants Bank of Central California 8799 Elk Grove Boulevard Elk Grove, CA 95624 Full Service B&M $103,277
Farmers & Merchants Bank of Central California 1020 West Kettleman Lane Lodi, CA 95240 Full Service B&M $100,261
Farmers & Merchants Bank of Central California 10330 Twin Cities Rd Galt, CA 95632 Full Service B&M $75,244
Farmers & Merchants Bank of Central California 1200 C Street Galt, CA 95632 Full Service B&M $140,834
Farmers & Merchants Bank of Central California 121 S Center Street Turlock, CA 95380 Full Service B&M $219,981
Farmers & Merchants Bank of Central California 121 West Lodi Avenue Lodi, CA 95240 Limited, Drive-thru $7,469
Farmers & Merchants Bank of Central California 121 West Pine Street Lodi, CA 95240 Full Service B&M $856,963
Farmers & Merchants Bank of Central California 1303 J Street Sacramento, CA 95814 Full Service B&M $186,951
Farmers & Merchants Bank of Central California 1330 North Broadway, Suite A Walnut Creek, CA 94596 Full Service B&M $330,607
Farmers & Merchants Bank of Central California 1387 S Lower Sacramento Road Lodi, CA 95242 Full Service B&M $55,318

For 2021, Farmers & Merchants Bank Of Central California had 29 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $164,471
Net interest income $161,063
Total noninterest income $18,547
Gross Fiduciary activities income $0
Service charges on deposit accounts $3,728
Trading account gains and fees $0
Additional Noninterest Income $14,819
Pre-tax net operating income $88,008
Securities gains (or losses, -) $2,554
Income before extraordinary items $67,916
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $67,916
Minority interest net income $0
Net income $67,916
Sale, conversion, retirement of capital stock, net $0
Net operating income $65,898

Farmers & Merchants Bank Of Central California's gross interest income from loans was $164,471,000.
Farmers & Merchants Bank Of Central California's net interest income from loans was $161,063,000.
Farmers & Merchants Bank Of Central California's fee based income from loans was $3,728,000.
Farmers & Merchants Bank Of Central California's net income from loans was $67,916,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $3,408
Provision for credit losses $1,910
Total noninterest expense $89,692
Salaries and employee benefits $66,334
Premises and equipment expense $9,148
Additional noninterest expense $14,210
Applicable income taxes $22,646
Net charge-offs $-233
Cash dividends $9,900

Farmers & Merchants Bank Of Central California's interest expense for loans was $3,408,000.
Farmers & Merchants Bank Of Central California's payroll and benefits expense were $66,334,000.
Farmers & Merchants Bank Of Central California's property, plant and equipment expenses $9,148,000.

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 $4,643,809
Deposits held in domestic offices $4,643,809
Deposits by Individuals, partnerships, and corporations $4,342,055
Deposits by U.S. Government $3
Deposits by States and political subdivisions in the U.S. $301,269
Deposits by Commercial banks and other depository institutions in U.S. $482
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $898,711
Demand deposits $898,711
Nontransaction accounts $3,745,098
Money market deposit accounts (MMDAs) $2,872,940
Other savings deposits (excluding MMDAs) $479,672
Total time deposits $392,485
Total time and savings deposits $3,745,098
Noninterest-bearing deposits $1,753,988
Interest-bearing deposits $2,889,821
Retail deposits $4,474,944
IRAs and Keogh plan accounts $54,084
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $5,179,291
Cash & Balances due from depository institutions $717,612
Interest-bearing balances $662,961
Total securities $1,007,072
Federal funds sold & reverse repurchase $0
Net loans and leases $3,176,170
Loan and leases loss allowance $61,007
Trading account assets $0
Bank premises and fixed assets $47,719
Other real estate owned $873
Goodwill and other intangibles $14,585
All other assets $215,260

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $5,179,291
Total Liabilities $4,707,028
Total deposits $4,643,809
Interest-bearing deposits $2,889,821
Deposits held in domestic offices $4,643,809
% insured (estimated) $52
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $63,219

Issued Loan Types

Type Value (in 000's)
Net loans and leases $3,176,170
Loan and leases loss allowance $61,007
Total loans and leases (domestic) $3,237,177
All real estate loans $2,357,512
Real estate loans in domestic offices $2,357,512
Construction and development loans $177,163
Residential 1-4 family construction $16,673
Other construction, all land development and other land $160,490
Loans secured by nonfarm nonresidential properties $1,056,625
Nonfarm nonresidential secured by owner-occupied properties $367,982
Commercial real estate & other non-farm, non-residential $688,643
Multifamily residential real estate $83,751
1-4 family residential loans $367,454
Farmland loans $672,519
Loans held in foreign offices $0
Farm loans $277,437
Commercial and industrial loans $495,194
To non-U.S. addressees $0
Loans to individuals $7,209
Credit card loans $0
Related Plans $897
Consumer Auto Loans $4,770
Other loans to individuals $1,542
All other loans & leases $110,559
Loans to foreign governments and official institutions $0
Other loans $13,359
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $15,428
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $1,824
Non 1-4 family restructured loans & leases $302
Total loans and leases (foreign) $0

Farmers & Merchants Bank of Central California had $3,176,170,000 of loans outstanding in 2021. $2,357,512,000 of loans were in real estate loans. $177,163,000 of loans were in development loans. $83,751,000 of loans were in multifamily mortgage loans. $367,454,000 of loans were in 1-4 family mortgage loans. $277,437,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,770,000 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 268 $105,440 $393,433
Nonfarm, nonresidential loans - <$100k 4 $145 $36,250
Nonfarm, nonresidential loans - $100-250k 58 $7,594 $130,931
Nonfarm, nonresidential loans - $250k-1MM 206 $97,701 $474,277
Commercial & Industrial, US addressed loans - <$1MM 848 $100,747 $118,805
Commercial & Industrial, US addressed loans - <$100k 408 $12,097 $29,650
Commercial & Industrial, US addressed loans - $100-250k 168 $17,530 $104,345
Commercial & Industrial, US addressed loans - $250k-1MM 272 $71,120 $261,471
Farmland loans - <$1MM 77 $17,772 $230,805
Farmland loans - <$100k 2 $57 $28,500
Farmland loans - $100-250k 18 $1,959 $108,833
Farmland loans - $250k-1MM 57 $15,756 $276,421
Agriculture operations loans - <$1MM 199 $17,066 $85,759
Agriculture operations loans - <$100k 69 $1,470 $21,304
Agriculture operations loans - $100-250k 56 $4,360 $77,857
Agriculture operations loans - $250k-1MM 74 $11,236 $151,838