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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 & MERCHANTS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FARMERS & MERCHANTS BANK |
| Address | 116 E. LADIGA ST.
PIEDMONT, AL 36272 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 129 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,610,000 |
| Average Mortgage Loan Amount Applied For | $58,000 |
| Highest Mortgage Loan Amount Applied For | $338,000 |
| Average Applicant Income | $98,000 |
| Highest Applicant Income | $1,156,000 |
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| Home Improvement |
17 | $713,000 |
$41,000 | $106,000 |
$125,000 | $489,000 |
| Home Purchase |
53 | $3,366,000 |
$63,000 | $213,000 |
$98,000 | $1,156,000 |
| Refinancing |
82 | $5,377,000 |
$65,000 | $338,000 |
$84,000 | $1,000,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
7 | $199,000 |
$28,000 | $39,000 |
$39,000 | $65,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
14 | $1,108,000 |
$79,000 | $338,000 |
$0 | $0 |
| Not Provided |
1 | $85,000 |
$85,000 | $85,000 |
$42,000 | $42,000 |
| White |
130 | $8,064,000 |
$62,000 | $304,000 |
$107,000 | $1,156,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
152 | $9,456,000 |
$62,000 | $338,000 |
$94,000 | $1,156,000 |
| 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 |
4 | $194,000 |
$48,000 | $85,000 |
$35,000 | $45,000 |
| Application Withdrawn By Applicant |
1 | $72,000 |
$72,000 | $72,000 |
$34,000 | $34,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
147 | $9,190,000 |
$62,000 | $338,000 |
$96,000 | $1,156,000 |
| 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 |
3 | $174,000 |
$58,000 | $85,000 |
$43,000 | $45,000 |
| 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 |
1 | $20,000 |
$20,000 | $20,000 |
$13,000 | $13,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FARMERS & MERCHANTS BANK by:
Metropolitan Area And
County
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