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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 STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FARMERS & MERCHANTS STATE BANK |
| Address | 201 E JACKSON, PO BOX 470
VIRDEN, IL 62690-0470 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 130 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,352,000 |
| Average Mortgage Loan Amount Applied For | $63,250 |
| Highest Mortgage Loan Amount Applied For | $221,000 |
| Average Applicant Income | $35,000 |
| Highest Applicant Income | $96,000 |
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| Home Improvement |
2 | $63,000 |
$31,000 | $33,000 |
$62,000 | $90,000 |
| Home Purchase |
101 | $5,999,000 |
$59,000 | $221,000 |
$34,000 | $96,000 |
| Refinancing |
27 | $1,290,000 |
$47,000 | $192,000 |
$24,000 | $78,000 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
24 | $605,000 |
$25,000 | $102,000 |
$6,000 | $39,000 |
| White |
106 | $6,747,000 |
$63,000 | $221,000 |
$39,000 | $96,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
126 | $7,143,000 |
$56,000 | $221,000 |
$33,000 | $96,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
4 | $209,000 |
$52,000 | $76,000 |
$37,000 | $47,000 |
| 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 |
21 | $1,196,000 |
$56,000 | $100,000 |
$29,000 | $61,000 |
| Application Withdrawn By Applicant |
16 | $1,131,000 |
$70,000 | $105,000 |
$40,000 | $62,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
93 | $5,025,000 |
$54,000 | $221,000 |
$32,000 | $96,000 |
| 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 |
2 | $71,000 |
$35,000 | $60,000 |
$31,000 | $39,000 |
| Debt-To-Income Ratio |
1 | $72,000 |
$72,000 | $72,000 |
$37,000 | $37,000 |
| 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 |
1 | $46,000 |
$46,000 | $46,000 |
$33,000 | $33,000 |
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Mortgage Loan App Totals for FARMERS & MERCHANTS STATE BANK by:
Metropolitan Area And
County
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