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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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FARMERS AND MERCHANTS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FARMERS AND MERCHANTS BANK |
| Address | 221 NORTH MAIN STREET
SALISBURY, NC 28144 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 476 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $56,486,000 |
| Average Mortgage Loan Amount Applied For | $200,391 |
| Highest Mortgage Loan Amount Applied For | $3,600,000 |
| Average Applicant Income | $92,826 |
| Highest Applicant Income | $9,746,000 |
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| Home Improvement |
87 | $2,540,000 |
$29,000 | $500,000 |
$71,000 | $527,000 |
| Home Purchase |
268 | $38,930,000 |
$145,000 | $3,600,000 |
$149,000 | $9,746,000 |
| Refinancing |
121 | $15,016,000 |
$124,000 | $820,000 |
$110,000 | $2,402,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $208,000 |
$104,000 | $128,000 |
$34,000 | $41,000 |
| Black or African American |
21 | $2,534,000 |
$120,000 | $630,000 |
$108,000 | $299,000 |
| Hispanic |
11 | $493,000 |
$44,000 | $182,000 |
$59,000 | $203,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
42 | $10,500,000 |
$250,000 | $3,600,000 |
$537,000 | $9,746,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
400 | $42,751,000 |
$106,000 | $550,000 |
$85,000 | $720,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
476 | $56,486,000 |
$118,000 | $3,600,000 |
$125,000 | $9,746,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
30 | $1,689,000 |
$56,000 | $186,000 |
$33,000 | $83,000 |
| Application Withdrawn By Applicant |
26 | $2,461,000 |
$94,000 | $270,000 |
$79,000 | $350,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
420 | $52,336,000 |
$124,000 | $3,600,000 |
$135,000 | $9,746,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FARMERS AND MERCHANTS BANK by:
Metropolitan Area And
County
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