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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 STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FARMERS STATE BANK |
| Address | PO BOX 7
MARION, SD 57043 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 48 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,796,000 |
| Average Mortgage Loan Amount Applied For | $79,000 |
| Highest Mortgage Loan Amount Applied For | $300,000 |
| Average Applicant Income | $95,428 |
| Highest Applicant Income | $1,500,000 |
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| Home Improvement |
3 | $47,000 |
$15,000 | $25,000 |
$44,000 | $70,000 |
| Home Purchase |
14 | $1,022,000 |
$73,000 | $300,000 |
$53,000 | $191,000 |
| Refinancing |
33 | $1,847,000 |
$55,000 | $203,000 |
$117,000 | $1,500,000 |
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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 |
2 | $230,000 |
$115,000 | $203,000 |
$1,500,000 | $1,500,000 |
| Not Provided |
1 | $100,000 |
$100,000 | $100,000 |
$38,000 | $38,000 |
| White |
47 | $2,586,000 |
$55,000 | $300,000 |
$36,000 | $191,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
50 | $2,916,000 |
$58,000 | $300,000 |
$95,000 | $1,500,000 |
| 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 |
8 | $485,000 |
$60,000 | $120,000 |
$34,000 | $120,000 |
| Application Withdrawn By Applicant |
2 | $152,000 |
$76,000 | $100,000 |
$34,000 | $38,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
40 | $2,279,000 |
$56,000 | $300,000 |
$110,000 | $1,500,000 |
| 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 |
1 | $120,000 |
$120,000 | $120,000 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $260,000 |
$52,000 | $105,000 |
$54,000 | $120,000 |
| Debt-To-Income Ratio |
2 | $105,000 |
$52,000 | $59,000 |
$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 STATE BANK by:
Metropolitan Area And
County
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