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The Farmers National Bank of Canfield

BankCanfield, OHDirect to Consumer

We analyzed every closed loan from The Farmers National Bank of Canfield 550 loans across 714 applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing
Sound
vs. all lenders
Pull Through
Strong
closing strength
Products
Strong
FHA · Conventional · VA · Jumbo
Place
Strong
Multi-Region · 5 mkts
Safe Rate AwardsConventional SuperstarPurchase Superstar

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Safe Rate's Summary

What They Do Well

  • Strong pull through performance
  • Particularly strong in Conventional and Jumbo loans

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Report Card

The Farmers National Bank of Canfield performance at a glance

CategoryScorevs. Peers
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
Industry Standard
+38.9 bps above market avg
Pull Through
Closing strength
Strong
Highly Competitive
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Highly Competitive
Top 40% of lenders
FHA
Sound
Industry Standard
Top 60% of lenders
VA
Sound
Industry Standard
Top 60% of lenders
Jumbo
Strong
Highly Competitive
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Highly Competitive
Top 40% of lenders
Refinance
Sound
Industry Standard
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Coverage footprint
Strong
Highly Competitive
Top 40% of lenders
Multi-Regional6 markets

Loan Product Performance

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Strong
Strong
Sound
Strong
49990.7%
+0.412%Above
$1,192Fees
FHA Loans
Sound
Sound
Sound
193.5%
+0.465%Above
$1,606Fees
VA Loans
Sound
Sound
122.2%
-0.415%Below
$739Fees
Jumbo Loans
Strong
Strong
Strong
203.6%
+0.043%Above
$1,235Fees

Loan Purpose Performance

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Strong
Strong
Sound
Strong
47686.5%
+0.346%Above
$1,200Fees
Refinance
Sound
Sound
Acceptable
Sound
7413.5%
+0.631%Above
$1,187Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
550
Applications
714
Volume
$146 million
Pricing & Closing
Avg Rate Spread
+0.389%
vs. market APOR
Avg Net Fees
$1,198
Origination − Credits
Pullthrough Rate
77.0%
Applications → Closed
Typical Borrower
Avg Loan Amount
$266,018
Avg Borrower Income
$122,675
Avg Property Value
$349,127

Geographic Coverage

Geographic Performance

Metro Areas
5
States Served
8
We count Washington DC as a state
Avg Place Specialization
Strong

States with Loan Originations

FLILMINCOHPASCVA

Top Metro Areas by Place Specialization Score

1
Youngstown, OHMSA
Volume: 216Mix: 39.27%of portfolio
Place
Exceptional
2
Canton, OHMSA
Volume: 68Mix: 12.36%of portfolio
Place
Strong
3
Pittsburgh, PA, PAMSA
Volume: 36Mix: 6.55%of portfolio
Place
Sound
4
Cleveland, OH, OHMSA
Volume: 38Mix: 6.91%of portfolio
Place
Sound
5
Akron, OH, OHMSA
Volume: 28Mix: 5.09%of portfolio
Place
Sound

Top States by Place Specialization Score

1
OHState
Volume: 473Mix: 86.00%of portfolio
Place
Exceptional
2
PAState
Volume: 68Mix: 12.36%of portfolio
Place
Sound

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 30 Points)

10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.