Farmers & Merchants Bank Of Central California Mortgage Rates, Fees & Info
Lodi, CALEI: 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 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, Santa Rosa, Sacramento, and Merced among others. We have data for 18 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
368Origination Dollar Volume (All Markets)
$173,750,000Employee count
373Top 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) | 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% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 368 | $173,750,000 | $472,147 | $0 | 0.00% |
For 2021, Farmers & Merchants Bank Of Central California's most frequently originated type of loan was Conventional, with 368 originations.
Loan Reason
For 2021, Farmers & Merchants Bank Of Central California's most frequently cited loan purpose was Refi, with 253 originations. The 2nd most popular reason was 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 2021, Farmers & Merchants Bank Of Central California's most frequently cited loan duration was Other, with 368 originations.
Loan Sizing
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
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
Approval Rates
Total approvals of all applications69.30%
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 origination95.11%
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 |
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 | 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 |
| 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 |
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 |