Farmers & Merchants Bank Of Central California Mortgage Rates, Fees & Info
Lodi, CA
LEI: OZ7MS5KHJY6WIPGXQW23
Tax ID: 94-0467440
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Mortgage Data
Bank 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
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.
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 |
