First Farmers and Merchants Bank Mortgage Lending & HMDA Data, 2022
In 2022, First Farmers and Merchants Bank of Columbia, TN reported 794 mortgage applications totaling $171.4 million, up 144% from 2021. The average application was for $215,894, and applicants reported an average income of $129,649. 73% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Nashville-Davidson--Murfreesboro--Franklin, TN (455), Florence-Muscle Shoals, AL (7) and Crestview-Fort Walton Beach-Destin, FL (2) (applications in parentheses).
| Mortgage Company & Address | First Farmers and Merchants Bank P.0. Box 1148 Columbia, TN 38401 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 |
| Total Number of Mortgage Applications | 794 |
| Total Mortgage Loan Application Amount | $171,420,000 |
| Average Mortgage Loan Application Amount | $215,894 |
| Highest Mortgage Loan Application Amount | $12,215,000 |
| Average Applicant Income | $129,649 |
| Highest Applicant Income | $1,869,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Farmers and Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Maury, Tennessee | 214 | $ 37,520,000 | $ 175,327 | $ 125,000 |
| Lawrence, Tennessee | 182 | $ 24,250,000 | $ 133,241 | $ 96,000 |
| Williamson, Tennessee | 106 | $ 28,070,000 | $ 264,811 | $ 209,000 |
| Davidson, Tennessee | 94 | $ 29,750,000 | $ 316,489 | $ 159,000 |
| Hickman, Tennessee | 52 | $ 6,210,000 | $ 119,423 | $ 73,000 |
| Giles, Tennessee | 33 | $ 5,245,000 | $ 158,939 | $ 108,000 |
| Marshall, Tennessee | 28 | $ 2,670,000 | $ 95,357 | $ 83,000 |
| Rutherford, Tennessee | 12 | $ 850,000 | $ 70,833 | $ 93,000 |
| Sumner, Tennessee | 10 | $ 2,250,000 | $ 225,000 | $ 176,000 |
| Lewis, Tennessee | 9 | $ 915,000 | $ 101,666 | $ 80,000 |
| Wilson, Tennessee | 7 | $ 985,000 | $ 140,714 | $ 127,000 |
| Dickson, Tennessee | 6 | $ 230,000 | $ 38,333 | $ 46,000 |
| Lauderdale, Alabama | 5 | $ 795,000 | $ 159,000 | $ 136,000 |
| Bedford, Tennessee | 4 | $ 810,000 | $ 202,500 | $ 123,000 |
| Robertson, Tennessee | 4 | $ 350,000 | $ 87,500 | $ 84,000 |
| Wayne, Tennessee | 3 | $ 195,000 | $ 65,000 | $ 76,000 |
| Colbert, Alabama | 2 | $ 1,150,000 | $ 575,000 | $ 339,000 |
| Walton, Florida | 2 | $ 680,000 | $ 340,000 | $ 1,068,000 |
| Cheatham, Tennessee | 2 | $ 230,000 | $ 115,000 | $ 111,000 |
| Decatur, Tennessee | 2 | $ 330,000 | $ 165,000 | $ 93,000 |
| Franklin, Tennessee | 2 | $ 530,000 | $ 265,000 | $ 0 |
| Moore, Tennessee | 2 | $ 630,000 | $ 315,000 | $ 123,000 |
| Walker, Alabama | 1 | $ 385,000 | $ 385,000 | $ 322,000 |
| White, Georgia | 1 | $ 205,000 | $ 205,000 | $ 100,000 |
| Warren, Kentucky | 1 | $ 6,555,000 | $ 6,555,000 | $ 0 |
| Bradley, Tennessee | 1 | $ 165,000 | $ 165,000 | $ 70,000 |
| Coffee, Tennessee | 1 | $ 55,000 | $ 55,000 | $ 80,000 |
| Grundy, Tennessee | 1 | $ 275,000 | $ 275,000 | $ 282,000 |
| Knox, Tennessee | 1 | $ 4,645,000 | $ 4,645,000 | $ 0 |
| Madison, Tennessee | 1 | $ 415,000 | $ 415,000 | $ 428,000 |
| Perry, Tennessee | 1 | $ 645,000 | $ 645,000 | $ 130,000 |
| Sevier, Tennessee | 1 | $ 575,000 | $ 575,000 | $ 89,000 |
| Washington, Tennessee | 1 | $ 12,215,000 | $ 12,215,000 | $ 0 |
Mortgage Loan Application Detail Totals for First Farmers and Merchants Bank in 2022
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Improvement | 260 | $25,250,000 | $97,000 | $505,000 | $107,000 | $465,000 |
| Refinancing | 189 | $52,105,000 | $275,000 | $6,555,000 | $121,000 | $840,000 |
| Home Purchase | 181 | $69,945,000 | $386,000 | $12,215,000 | $159,000 | $1,869,000 |
| Other Purpose | 158 | $22,780,000 | $144,000 | $505,000 | $145,000 | $747,000 |
| Cash-out Refinancing | 6 | $1,340,000 | $223,000 | $775,000 | $94,000 | $155,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 718 | $127,690,000 | $177,000 | $1,875,000 | $130,000 | $1,869,000 |
| Not applicable | 31 | $38,525,000 | $1,242,000 | $12,215,000 | $0 | $0 |
| Black or African American | 22 | $2,020,000 | $91,000 | $305,000 | $94,000 | $280,000 |
| Hispanic | 10 | $1,350,000 | $135,000 | $355,000 | $145,000 | $340,000 |
| Not Provided | 9 | $1,135,000 | $126,000 | $255,000 | $132,000 | $337,000 |
| American Indian or Alaskan Native | 2 | $420,000 | $210,000 | $245,000 | $98,000 | $123,000 |
| Asian | 1 | $255,000 | $255,000 | $255,000 | $308,000 | $308,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 794 | $171,420,000 | $215,000 | $12,215,000 | $129,000 | $1,869,000 |
| 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 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 582 | $130,380,000 | $224,000 | $12,215,000 | $134,000 | $1,869,000 |
| Application Denied By Financial Institution | 98 | $14,080,000 | $143,000 | $645,000 | $98,000 | $772,000 |
| Application Approved But Not Accepted | 60 | $12,580,000 | $209,000 | $975,000 | $129,000 | $428,000 |
| Application Withdrawn By Applicant | 51 | $13,155,000 | $257,000 | $1,815,000 | $129,000 | $625,000 |
| File Closed For Incompleteness | 3 | $1,225,000 | $408,000 | $775,000 | $306,000 | $363,000 |
| 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 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 696 | $157,340,000 | $226,000 | $12,215,000 | $134,000 | $1,869,000 |
| Debt-To-Income Ratio | 49 | $8,315,000 | $169,000 | $645,000 | $100,000 | $772,000 |
| Credit History | 36 | $4,320,000 | $120,000 | $555,000 | $89,000 | $381,000 |
| Collateral | 11 | $1,195,000 | $108,000 | $255,000 | $125,000 | $381,000 |
| Other | 1 | $125,000 | $125,000 | $125,000 | $76,000 | $76,000 |
| Unverifiable Information | 1 | $125,000 | $125,000 | $125,000 | $87,000 | $87,000 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Farmers and Merchants Bank's 2022 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess First Farmers and Merchants Bank's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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with aggregated HMDA statistics today.
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