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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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1ST FARMERS & MERCHANTS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
1ST FARMERS & MERCHANTS BANK |
| Address | P.O. BOX 1148
COLUMBIA, TN 38401 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 1,052 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $83,194,000 |
| Average Mortgage Loan Amount Applied For | $105,566 |
| Highest Mortgage Loan Amount Applied For | $540,000 |
| Average Applicant Income | $55,500 |
| Highest Applicant Income | $816,000 |
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| Home Improvement |
210 | $6,717,000 |
$78,000 | $270,000 |
$40,000 | $324,000 |
| Home Purchase |
292 | $30,222,000 |
$189,333 | $540,000 |
$54,333 | $719,000 |
| Refinancing |
550 | $46,255,000 |
$87,000 | $495,000 |
$60,500 | $816,000 |
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| American Indian or Alaskan Native |
1 | $3,000 |
$3,000 | $3,000 |
$16,000 | $16,000 |
| Asian |
2 | $211,000 |
$105,000 | $191,000 |
$154,000 | $300,000 |
| Black or African American |
31 | $667,000 |
$21,000 | $151,000 |
$38,000 | $110,000 |
| Hispanic |
4 | $307,000 |
$76,000 | $212,000 |
$38,000 | $42,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $61,000 |
$61,000 | $61,000 |
$94,000 | $94,000 |
| Not applicable |
60 | $8,934,000 |
$148,000 | $398,000 |
$3,000 | $50,000 |
| Not Provided |
11 | $782,000 |
$71,000 | $300,000 |
$92,000 | $350,000 |
| White |
942 | $72,229,000 |
$183,333 | $540,000 |
$55,333 | $816,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,052 | $83,194,000 |
$183,333 | $540,000 |
$55,666 | $816,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
30 | $2,045,000 |
$68,000 | $191,000 |
$76,000 | $642,000 |
| Application Denied By Financial Institution |
142 | $7,758,000 |
$160,000 | $540,000 |
$40,000 | $120,000 |
| Application Withdrawn By Applicant |
40 | $3,040,000 |
$76,000 | $280,000 |
$46,000 | $395,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
782 | $61,630,000 |
$86,500 | $495,000 |
$70,000 | $816,000 |
| Loan Purchased By The Institution |
58 | $8,721,000 |
$150,000 | $398,000 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
15 | $942,000 |
$62,000 | $205,000 |
$38,000 | $90,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
94 | $4,207,000 |
$37,000 | $385,000 |
$30,000 | $120,000 |
| Debt-To-Income Ratio |
29 | $2,403,000 |
$171,666 | $540,000 |
$40,333 | $70,000 |
| Employment History |
1 | $40,000 |
$40,000 | $40,000 |
$14,000 | $14,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $80,000 |
$80,000 | $80,000 |
$14,000 | $14,000 |
| Unverifiable Information |
2 | $86,000 |
$43,000 | $52,000 |
$20,000 | $22,000 |
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Mortgage Loan App Totals for 1ST FARMERS & MERCHANTS BANK by:
Metropolitan Area And
County
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