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

Lodi, CA

LEI: OZ7MS5KHJY6WIPGXQW23

Tax ID: 94-0467440

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Farmers & Merchants Bank Of Central California is a smaller bank specializing in Cash Out Refi and Home Purchase loans. Farmers & Merchants Bank Of Central California has a high proportion of conventional loans. Their top markets by origination volume include: Modesto, Stockton, Merced, San Francisco, and Sacramento among others. We have data for 14 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 average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    202

    Origination Dollar Volume (All Markets)

    $68,930,000

    Employee count

    365

    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
    MODESTO, CA (FHA|USDA|VA) 79 $22,165,000 $280,570 $0 0.00%
    STOCKTON, CA (FHA|USDA|VA) 70 $18,000,000 $257,143 $0 0.00%
    MERCED, CA (FHA|USDA|VA) 15 $11,525,000 $768,333 $0 0.00%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $5,665,000 $1,888,333 $0 0.00%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 22 $3,320,000 $150,909 $0 0.00%
    NAPA, CA (FHA|USDA|VA) 1 $3,105,000 $3,105,000 $0 0.00%
    VALLEJO, CA (FHA|USDA|VA) 4 $1,080,000 $270,000 $0 0.00%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $935,000 $935,000 $0 0.00%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $905,000 $905,000 $0 0.00%
    SALINAS, CA (FHA|USDA|VA) 1 $755,000 $755,000 $0 0.00%
    Sonora, CA (FHA|USDA|VA) 2 $740,000 $370,000 $0 0.00%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
    Outside of Metro Areas 1 $245,000 $245,000 $0 0.00%
    MADERA, CA (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Farmers & Merchants Bank Of Central California's top markets include Modesto, Stockton, Merced, San Francisco, and Sacramento 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 202 $68,930,000 $341,238 $0 0.00%

    For 2019, Farmers & Merchants Bank Of Central California's most frequently originated type of loan was Conventional, with 202 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 70 $27,310,000 $390,143 $0 0.00%
    Home Purchase 53 $27,725,000 $523,113 $0 0.00%
    Refi 27 $7,285,000 $269,815 $0 0.00%
    Home Improvement 26 $3,020,000 $116,154 $0 0.00%
    Other 26 $3,590,000 $138,077 $0 0.00%

    For 2019, Farmers & Merchants Bank Of Central California's most frequently cited loan purpose was Cash Out Refi, with 70 originations. The 2nd most popular reason was Home Purchase, with 53 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 202 $68,930,000 $341,238 $0 0.00%

    For 2019, Farmers & Merchants Bank Of Central California's most frequently cited loan duration was Other, with 202 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 64 $17,780,000 $277,813 $0 0.00%
    $100,000 or less 53 $2,925,000 $55,189 $0 0.00%
    $100k-200k 50 $7,140,000 $142,800 $0 0.00%
    $400k-600k 17 $8,115,000 $477,353 $0 0.00%
    $600k-1MM 12 $9,240,000 $770,000 $0 0.00%
    $1MM+ 6 $23,730,000 $3,955,000 $0 0.00%

    2019 saw Farmers & Merchants Bank Of Central California place emphasis on $200k-400k loans with 64 originations, totaling $17,780,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 50 $14,210,000 $284,200 $0 0.00%
    $100k-150k 38 $8,230,000 $216,579 $0 0.00%
    $250k+ 35 $20,455,000 $584,429 $0 0.00%
    $50k-75k 33 $3,665,000 $111,061 $0 0.00%
    $50k or less 20 $1,410,000 $70,500 $0 0.00%
    $75k-100k 18 $2,930,000 $162,778 $0 0.00%

    Farmers & Merchants Bank Of Central California lent most frequently to those with incomes in the $150k-250k range, with 50 originations. The second most popular income band? $100k-150k, with 38 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 202 $68,930,000 $341,238 $0 0.00%

    Farmers & Merchants Bank Of Central California lent most frequently to those with DTI ratios of Exempt%, with 202 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 172 $46,930,000 $272,849 $0 0.00%
    Not applicable 8 $18,030,000 $2,253,750 $0 0.00%
    Asian 15 $3,495,000 $233,000 $0 0.00%
    Not provided 3 $285,000 $95,000 $0 0.00%
    Native Hawaiian or Islander 2 $90,000 $45,000 $0 0.00%
    American Indian 1 $85,000 $85,000 $0 0.00%
    Black 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    63.88%

    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
    94.06%

    Farmers & Merchants Bank Of Central California has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 202 $68,930,000 $341,238

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $22,410,000 $2,241,000
    Single Family (1-4 Units):Manufactured 1 $105,000 $105,000
    Single Family (1-4 Units):Site-Built 191 $46,415,000 $243,010

    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 $119,365
    Farmers & Merchants Bank of Central California 1020 West Kettleman Lane Lodi, CA 95240 Full Service B&M $65,927
    Farmers & Merchants Bank of Central California 10330 Twin Cities Rd Galt, CA 95632 Full Service B&M $52,233
    Farmers & Merchants Bank of Central California 1200 C Street Galt, CA 95632 Full Service B&M $94,409
    Farmers & Merchants Bank of Central California 121 S Center Street Turlock, CA 95380 Full Service B&M $161,619
    Farmers & Merchants Bank of Central California 121 West Lodi Avenue Lodi, CA 95240 Limited, Drive-thru $2,275
    Farmers & Merchants Bank of Central California 121 West Pine Street Lodi, CA 95240 Full Service B&M $630,498
    Farmers & Merchants Bank of Central California 1303 J Street Sacramento, CA 95814 Full Service B&M $131,204
    Farmers & Merchants Bank of Central California 1330 North Broadway, Suite A Walnut Creek, CA 94596 Full Service B&M $184,701
    Farmers & Merchants Bank of Central California 1387 S Lower Sacramento Road Lodi, CA 95242 Full Service B&M $40,989
    Farmers & Merchants Bank of Central California 14211 River Road Walnut Grove, CA 95690 Full Service B&M $57,817
    Farmers & Merchants Bank of Central California 1521 North Carpenter Road Modesto, CA 95351 Full Service B&M $93,258
    Farmers & Merchants Bank of Central California 1715 Trancas Street, Suite C Napa, CA 94558 Full Service B&M $4,310
    Farmers & Merchants Bank of Central California 18836 West Main Street Linden, CA 95236 Full Service B&M $282,513
    Farmers & Merchants Bank of Central California 18980 North Highway 88 Lockeford, CA 95237 Full Service B&M $475
    Farmers & Merchants Bank of Central California 19925 West First Street Hilmar, CA 95324 Full Service B&M $115,553
    Farmers & Merchants Bank of Central California 2020 W. Kettleman Lane, Ste. A Lodi, CA 95242 Full Service B&M $0
    Farmers & Merchants Bank of Central California 205 Lincoln Center Stockton, CA 95207 Full Service B&M $44,601
    Farmers & Merchants Bank of Central California 2340 Geer Road Turlock, CA 95380 Full Service B&M $99,755
    Farmers & Merchants Bank of Central California 2401 Patterson Road Riverbank, CA 95367 Full Service B&M $43,056
    Farmers & Merchants Bank of Central California 2401 Turner Rd Lodi, CA 95240 Full Service Retail $64,720
    Farmers & Merchants Bank of Central California 2711 Mchenry Avenue Modesto, CA 95350 Full Service B&M $11,092
    Farmers & Merchants Bank of Central California 2936 G Street Merced, CA 95340 Full Service B&M $60,146
    Farmers & Merchants Bank of Central California 3001 Mchenry Avenue Modesto, CA 95350 Full Service B&M $203,469
    Farmers & Merchants Bank of Central California 3500 Dale Road Modesto, CA 95356 Full Service B&M $32,033
    Farmers & Merchants Bank of Central California 3700 Geer Road Turlock, CA 95382 Full Service B&M $14,390
    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 $47,074
    Farmers & Merchants Bank of Central California 4612 Mcgaw Street Stockton, CA 95207 Full Service B&M $210,990
    Farmers & Merchants Bank of Central California 530 South Cherokee Lane Lodi, CA 95240 Limited, Drive-thru $2,703
    Farmers & Merchants Bank of Central California 611 North Main Street Manteca, CA 95336 Full Service B&M $69,238
    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 $15,871
    Farmers & Merchants Bank of Central California 8799 Elk Grove Boulevard Elk Grove, CA 95624 Full Service B&M $70,807

    For 2019, Farmers & Merchants Bank Of Central California had 34 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $153,055
    Net interest income $140,415
    Total noninterest income $17,519
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $4,339
    Trading account gains and fees $0
    Additional Noninterest Income $13,180
    Pre-tax net operating income $77,712
    Securities gains (or losses, -) $1
    Income before extraordinary items $57,737
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $57,737
    Minority interest net income $0
    Net income $57,737
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $57,736

    Farmers & Merchants Bank Of Central California's gross interest income from loans was $153,055,000.
    Farmers & Merchants Bank Of Central California's net interest income from loans was $140,415,000.
    Farmers & Merchants Bank Of Central California's fee based income from loans was $4,339,000.
    Farmers & Merchants Bank Of Central California's net income from loans was $57,737,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $12,640
    Provision for credit losses $200
    Total noninterest expense $80,022
    Salaries and employee benefits $57,329
    Premises and equipment expense $8,929
    Additional noninterest expense $13,764
    Applicable income taxes $19,976
    Net charge-offs $454
    Cash dividends $13,166

    Farmers & Merchants Bank Of Central California's interest expense for loans was $12,640,000.
    Farmers & Merchants Bank Of Central California's payroll and benefits expense were $57,329,000.
    Farmers & Merchants Bank Of Central California's property, plant and equipment expenses $8,929,000.

    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 $3,280,960
    Deposits held in domestic offices $3,280,960
    Deposits by Individuals, partnerships, and corporations $3,039,283
    Deposits by U.S. Government $6
    Deposits by States and political subdivisions in the U.S. $240,690
    Deposits by Commercial banks and other depository institutions in U.S. $981
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $576,780
    Demand deposits $250,662
    Nontransaction accounts $2,704,180
    Money market deposit accounts (MMDAs) $1,884,936
    Other savings deposits (excluding MMDAs) $301,322
    Total time deposits $517,922
    Total time and savings deposits $3,030,298
    Noninterest-bearing deposits $1,070,128
    Interest-bearing deposits $2,210,832
    Retail deposits $3,035,567
    IRAs and Keogh plan accounts $53,343
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $3,722,917
    Cash & Balances due from depository institutions $296,435
    Interest-bearing balances $223,194
    Total securities $567,205
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,618,015
    Loan and leases loss allowance $55,012
    Trading account assets $0
    Bank premises and fixed assets $45,212
    Other real estate owned $873
    Goodwill and other intangibles $15,823
    All other assets $179,354

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $3,722,917
    Total Liabilities $3,344,646
    Total deposits $3,280,960
    Interest-bearing deposits $2,210,832
    Deposits held in domestic offices $3,280,960
    % insured (estimated) $55
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $63,686

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,618,015
    Loan and leases loss allowance $55,012
    Total loans and leases (domestic) $2,673,027
    All real estate loans $1,866,858
    Real estate loans in domestic offices $1,866,858
    Construction and development loans $115,643
    Residential 1-4 family construction $12,629
    Other construction, all land development and other land $103,014
    Loans secured by nonfarm nonresidential properties $764,522
    Nonfarm nonresidential secured by owner-occupied properties $271,497
    Commercial real estate & other non-farm, non-residential $493,025
    Multifamily residential real estate $50,898
    1-4 family residential loans $310,395
    Farmland loans $625,400
    Loans held in foreign offices $0
    Farm loans $295,793
    Commercial and industrial loans $376,563
    To non-U.S. addressees $0
    Loans to individuals $14,463
    Credit card loans $0
    Related Plans $989
    Consumer Auto Loans $11,342
    Other loans to individuals $2,132
    All other loans & leases $126,333
    Loans to foreign governments and official institutions $0
    Other loans $21,093
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $15,858
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $12,105
    Non 1-4 family restructured loans & leases $10,478
    Total loans and leases (foreign) $0

    Farmers & Merchants Bank of Central California had $2,618,015,000 of loans outstanding in 2019. $1,866,858,000 of loans were in real estate loans. $115,643,000 of loans were in development loans. $50,898,000 of loans were in multifamily mortgage loans. $310,395,000 of loans were in 1-4 family mortgage loans. $295,793,000 of loans were in farm loans. $0 of loans were in credit card loans. $11,342,000 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 269 $103,846 $386,045
    Nonfarm, nonresidential loans - <$100k 6 $403 $67,167
    Nonfarm, nonresidential loans - $100-250k 61 $8,248 $135,213
    Nonfarm, nonresidential loans - $250k-1MM 202 $95,195 $471,262
    Commercial & Industrial, US addressed loans - <$1MM 505 $65,201 $129,111
    Commercial & Industrial, US addressed loans - <$100k 162 $4,581 $28,278
    Commercial & Industrial, US addressed loans - $100-250k 125 $11,521 $92,168
    Commercial & Industrial, US addressed loans - $250k-1MM 218 $49,099 $225,225
    Farmland loans - <$1MM 88 $19,266 $218,932
    Farmland loans - <$100k 3 $103 $34,333
    Farmland loans - $100-250k 22 $2,592 $117,818
    Farmland loans - $250k-1MM 63 $16,571 $263,032
    Agriculture operations loans - <$1MM 243 $22,820 $93,909
    Agriculture operations loans - <$100k 87 $1,893 $21,759
    Agriculture operations loans - $100-250k 70 $6,461 $92,300
    Agriculture operations loans - $250k-1MM 86 $14,466 $168,209