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

Review & Overview

Farmers & Merchants Bank Of Central California is a smaller bank specializing in Home Purchase and Refi loans. Farmers & Merchants Bank Of Central California has a high proportion of conventional loans. Their top markets by origination volume include: Stockton, Modesto, Sacramento, Los Angeles, and Vallejo among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

Farmers & Merchants Bank Of Central California has a below average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

189

Origination Dollar Volume (All Markets)

$87,245,000

Employee count

376

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
STOCKTON, CA (FHA|USDA|VA) 61 $29,005,000 $475,492 $0 0.00%
MODESTO, CA (FHA|USDA|VA) 66 $13,550,000 $205,303 $0 0.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 20 $12,780,000 $639,000 $0 0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 7 $11,355,000 $1,622,143 $0 0.00%
VALLEJO, CA (FHA|USDA|VA) 3 $4,785,000 $1,595,000 $0 0.00%
MERCED, CA (FHA|USDA|VA) 15 $4,465,000 $297,667 $0 0.00%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $3,970,000 $992,500 $0 0.00%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 0.00%
SALINAS, CA (FHA|USDA|VA) 2 $1,550,000 $775,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $1,435,000 $1,435,000 $0 0.00%
Outside of Metro Areas 5 $1,155,000 $231,000 $0 0.00%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $905,000 $905,000 $0 0.00%
Sonora, CA (FHA|USDA|VA) 3 $285,000 $95,000 $0 0.00%
Farmers & Merchants Bank Of Central California's top markets include Stockton, Modesto, Sacramento, Los Angeles, and Vallejo among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 189 $87,245,000 $461,614 $0 0.00%

    For 2018, Farmers & Merchants Bank Of Central California's most frequently originated type of loan was Conventional, with 189 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 51 $14,485,000 $284,020 $0 0.00%
    Home Purchase 49 $39,955,000 $815,408 $0 0.00%
    Home Improvement 34 $8,780,000 $258,235 $0 0.00%
    Refi 29 $19,115,000 $659,138 $0 0.00%
    Other 26 $4,910,000 $188,846 $0 0.00%

    For 2018, Farmers & Merchants Bank Of Central California's most frequently cited loan purpose was Cash Out Refi, with 51 originations. The 2nd most popular reason was Home Purchase, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 189 $87,245,000 $461,614 $0 0.00%

    For 2018, Farmers & Merchants Bank Of Central California's most frequently cited loan duration was Other, with 189 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 51 $7,725,000 $151,471 $0 0.00%
    $100,000 or less 45 $2,275,000 $50,556 $0 0.00%
    $200k-400k 42 $11,400,000 $271,429 $0 0.00%
    $1MM+ 18 $46,090,000 $2,560,556 $0 0.00%
    $400k-600k 18 $8,660,000 $481,111 $0 0.00%
    $600k-1MM 15 $11,095,000 $739,667 $0 0.00%

    2018 saw Farmers & Merchants Bank Of Central California place emphasis on $100k-200k loans with 51 originations, totaling $7,725,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 41 $8,355,000 $203,780 $0 0.00%
    $50k-75k 31 $4,625,000 $149,194 $0 0.00%
    $250k+ 27 $16,795,000 $622,037 $0 0.00%
    $150k-250k 24 $6,520,000 $271,667 $0 0.00%
    $75k-100k 21 $3,155,000 $150,238 $0 0.00%
    $50k or less 19 $1,805,000 $95,000 $0 0.00%

    Farmers & Merchants Bank Of Central California lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $50k-75k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 189 $87,245,000 $461,614 $0 0.00%

    Farmers & Merchants Bank Of Central California lent most frequently to those with DTI ratios of Exempt%, with 189 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 26 $45,990,000 $1,768,846 $0 0.00%
    White 147 $38,215,000 $259,966 $0 0.00%
    Asian 10 $1,760,000 $176,000 $0 0.00%
    Not provided 3 $715,000 $238,333 $0 0.00%
    Native Hawaiian or Islander 1 $405,000 $405,000 $0 0.00%
    Black 2 $160,000 $80,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    60.87%

    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
    96.30%

    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 189 $87,245,000 $461,614

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 19 $38,955,000 $2,050,263
    Single Family (1-4 Units):Manufactured 1 $635,000 $635,000
    Single Family (1-4 Units):Site-Built 169 $47,655,000 $281,982

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Farmers & Merchants Bank of Central California 1020 West Kettleman Lane Lodi, CA 95240 Full Service B&M $65,891
    Farmers & Merchants Bank of Central California 10330 Twin Cities Rd Galt, CA 95632 Full Service B&M $47,627
    Farmers & Merchants Bank of Central California 1200 C Street Galt, CA 95632 Full Service B&M $93,627
    Farmers & Merchants Bank of Central California 121 S Center Street Turlock, CA 95380 Full Service B&M $169,932
    Farmers & Merchants Bank of Central California 121 West Lodi Avenue Lodi, CA 95240 Limited, Drive-thru $1,907
    Farmers & Merchants Bank of Central California 121 West Pine Street Lodi, CA 95240 Full Service B&M $600,293
    Farmers & Merchants Bank of Central California 1303 J Street Sacramento, CA 95814 Full Service B&M $100,918
    Farmers & Merchants Bank of Central California 1330 North Broadway, Suite A Walnut Creek, CA 94596 Full Service B&M $157,915
    Farmers & Merchants Bank of Central California 1387 S Lower Sacramento Road Lodi, CA 95242 Full Service B&M $25,613
    Farmers & Merchants Bank of Central California 1521 North Carpenter Road Modesto, CA 95351 Full Service B&M $89,756
    Farmers & Merchants Bank of Central California 18836 West Main Street Linden, CA 95236 Full Service B&M $295,411
    Farmers & Merchants Bank of Central California 19925 West First Street Hilmar, CA 95324 Full Service B&M $119,987
    Farmers & Merchants Bank of Central California 205 Lincoln Center Stockton, CA 95207 Full Service B&M $39,575
    Farmers & Merchants Bank of Central California 2340 Geer Road Turlock, CA 95380 Full Service B&M $97,621
    Farmers & Merchants Bank of Central California 2401 Patterson Road Riverbank, CA 95367 Full Service B&M $25,067
    Farmers & Merchants Bank of Central California 2401 Turner Rd Lodi, CA 95240 Full Service Retail $59,760
    Farmers & Merchants Bank of Central California 2711 Mchenry Avenue Modesto, CA 95350 Full Service B&M $14,185
    Farmers & Merchants Bank of Central California 2936 G Street Merced, CA 95340 Full Service B&M $56,555
    Farmers & Merchants Bank of Central California 3001 Mchenry Avenue Modesto, CA 95350 Full Service B&M $202,089
    Farmers & Merchants Bank of Central California 3500 Dale Road Modesto, CA 95356 Full Service B&M $28,234
    Farmers & Merchants Bank of Central California 3700 Geer Road Turlock, CA 95382 Full Service B&M $14,147
    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 $49,004
    Farmers & Merchants Bank of Central California 4612 Mcgaw Street Stockton, CA 95207 Full Service B&M $189,133
    Farmers & Merchants Bank of Central California 530 South Cherokee Lane Lodi, CA 95240 Limited, Drive-thru $2,063
    Farmers & Merchants Bank of Central California 611 North Main Street Manteca, CA 95336 Full Service B&M $62,508
    Farmers & Merchants Bank of Central California 7272 Franklin Boulevard Sacramento, CA 95823 Full Service B&M $0
    Farmers & Merchants Bank of Central California 785 Oak Grove Road, Suite H Concord, CA 94518 Full Service B&M $11,361
    Farmers & Merchants Bank of Central California 8799 Elk Grove Boulevard Elk Grove, CA 95624 Full Service B&M $78,503

    For 2018, Farmers & Merchants Bank Of Central California had 29 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $132,873
    Net interest income $125,447
    Total noninterest income $17,147
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $4,114
    Trading account gains and fees $0
    Additional Noninterest Income $13,033
    Pre-tax net operating income $62,503
    Securities gains (or losses, -) $-1,261
    Income before extraordinary items $46,522
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $46,522
    Minority interest net income $0
    Net income $46,522
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $47,518

    Farmers & Merchants Bank Of Central California's gross interest income from loans was $132,873,000.
    Farmers & Merchants Bank Of Central California's net interest income from loans was $125,447,000.
    Farmers & Merchants Bank Of Central California's fee based income from loans was $4,114,000.
    Farmers & Merchants Bank Of Central California's net income from loans was $46,522,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,426
    Provision for credit losses $5,533
    Total noninterest expense $74,558
    Salaries and employee benefits $52,279
    Premises and equipment expense $7,921
    Additional noninterest expense $14,358
    Applicable income taxes $14,720
    Net charge-offs $610
    Cash dividends $73,010

    Farmers & Merchants Bank Of Central California's interest expense for loans was $7,426,000.
    Farmers & Merchants Bank Of Central California's payroll and benefits expense were $52,279,000.
    Farmers & Merchants Bank Of Central California's property, plant and equipment expenses $7,921,000.

    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 $3,068,036
    Deposits held in domestic offices $3,068,036
    Deposits by Individuals, partnerships, and corporations $2,829,970
    Deposits by U.S. Government $4
    Deposits by States and political subdivisions in the U.S. $236,295
    Deposits by Commercial banks and other depository institutions in U.S. $1,767
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $563,743
    Demand deposits $231,856
    Nontransaction accounts $2,504,293
    Money market deposit accounts (MMDAs) $1,717,439
    Other savings deposits (excluding MMDAs) $296,828
    Total time deposits $490,027
    Total time and savings deposits $2,836,180
    Noninterest-bearing deposits $1,342,458
    Interest-bearing deposits $1,725,578
    Retail deposits $2,860,014
    IRAs and Keogh plan accounts $53,117
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $3,438,760
    Cash & Balances due from depository institutions $150,727
    Interest-bearing balances $84,505
    Total securities $545,307
    Federal funds sold & reverse repurchase $1
    Net loans and leases $2,515,975
    Loan and leases loss allowance $55,266
    Trading account assets $0
    Bank premises and fixed assets $32,449
    Other real estate owned $873
    Goodwill and other intangibles $16,461
    All other assets $176,967

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $3,438,760
    Total Liabilities $3,117,626
    Total deposits $3,068,036
    Interest-bearing deposits $1,725,578
    Deposits held in domestic offices $3,068,036
    % insured (estimated) $57
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $49,590

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,515,975
    Loan and leases loss allowance $55,266
    Total loans and leases (domestic) $2,571,241
    All real estate loans $1,807,709
    Real estate loans in domestic offices $1,807,709
    Construction and development loans $95,488
    Residential 1-4 family construction $17,771
    Other construction, all land development and other land $77,717
    Loans secured by nonfarm nonresidential properties $728,659
    Nonfarm nonresidential secured by owner-occupied properties $235,718
    Commercial real estate & other non-farm, non-residential $492,941
    Multifamily residential real estate $72,698
    1-4 family residential loans $320,762
    Farmland loans $590,102
    Loans held in foreign offices $0
    Farm loans $285,044
    Commercial and industrial loans $337,746
    To non-U.S. addressees $0
    Loans to individuals $18,101
    Credit card loans $0
    Related Plans $983
    Consumer Auto Loans $15,105
    Other loans to individuals $2,013
    All other loans & leases $129,520
    Loans to foreign governments and official institutions $0
    Other loans $22,224
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $15,786
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $13,577
    Non 1-4 family restructured loans & leases $11,872
    Total loans and leases (foreign) $0

    Farmers & Merchants Bank of Central California had $2,515,975,000 of loans outstanding in 2018. $1,807,709,000 of loans were in real estate loans. $95,488,000 of loans were in development loans. $72,698,000 of loans were in multifamily mortgage loans. $320,762,000 of loans were in 1-4 family mortgage loans. $285,044,000 of loans were in farm loans. $0 of loans were in credit card loans. $15,105,000 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 254 $98,020 $385,906
    Nonfarm, nonresidential loans - <$100k 7 $330 $47,143
    Nonfarm, nonresidential loans - $100-250k 62 $8,660 $139,677
    Nonfarm, nonresidential loans - $250k-1MM 185 $89,030 $481,243
    Commercial & Industrial, US addressed loans - <$1MM 451 $54,960 $121,863
    Commercial & Industrial, US addressed loans - <$100k 153 $479 $3,131
    Commercial & Industrial, US addressed loans - $100-250k 108 $9,821 $90,935
    Commercial & Industrial, US addressed loans - $250k-1MM 190 $44,660 $235,053
    Farmland loans - <$1MM 107 $22,061 $206,178
    Farmland loans - <$100k 7 $187 $26,714
    Farmland loans - $100-250k 36 $3,670 $101,944
    Farmland loans - $250k-1MM 64 $18,204 $284,438
    Agriculture operations loans - <$1MM 251 $23,373 $93,120
    Agriculture operations loans - <$100k 102 $2,698 $26,451
    Agriculture operations loans - $100-250k 69 $6,019 $87,232
    Agriculture operations loans - $250k-1MM 80 $14,656 $183,200