F&M Bank Mortgage Lending & HMDA Data, 2023
In 2023, F&M Bank of Clarksville, TN reported 1,548 mortgage applications totaling $485.9 million, down 42% from 2022. The average application was for $313,869, and applicants reported an average income of $213,066. 77% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Nashville-Davidson--Murfreesboro--Franklin, TN (739), Clarksville, TN-KY (651) and Jackson, TN (9) (applications in parentheses).
| Mortgage Company & Address | F&M Bank 50 Franklin St Clarksville, TN 37040 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,548 |
| Total Mortgage Loan Application Amount | $485,870,000 |
| Average Mortgage Loan Application Amount | $313,869 |
| Highest Mortgage Loan Application Amount | $11,005,000 |
| Average Applicant Income | $213,066 |
| Highest Applicant Income | $9,488,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records F&M Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Montgomery, Tennessee | 515 | $ 162,715,000 | $ 315,951 | $ 261,000 |
| Davidson, Tennessee | 210 | $ 85,780,000 | $ 408,476 | $ 253,000 |
| Sumner, Tennessee | 148 | $ 45,030,000 | $ 304,256 | $ 152,000 |
| Robertson, Tennessee | 108 | $ 27,540,000 | $ 255,000 | $ 147,000 |
| Williamson, Tennessee | 89 | $ 37,055,000 | $ 416,348 | $ 287,000 |
| Stewart, Tennessee | 86 | $ 16,530,000 | $ 192,209 | $ 120,000 |
| Rutherford, Tennessee | 64 | $ 14,960,000 | $ 233,750 | $ 147,000 |
| Christian, Kentucky | 46 | $ 10,180,000 | $ 221,304 | $ 129,000 |
| Wilson, Tennessee | 41 | $ 8,995,000 | $ 219,390 | $ 183,000 |
| Dickson, Tennessee | 30 | $ 8,300,000 | $ 276,666 | $ 246,000 |
| Cheatham, Tennessee | 27 | $ 9,245,000 | $ 342,407 | $ 236,000 |
| Putnam, Tennessee | 19 | $ 3,195,000 | $ 168,157 | $ 129,000 |
| Maury, Tennessee | 17 | $ 4,135,000 | $ 243,235 | $ 182,000 |
| Todd, Kentucky | 10 | $ 1,860,000 | $ 186,000 | $ 166,000 |
| Houston, Tennessee | 7 | $ 845,000 | $ 120,714 | $ 125,000 |
| Coffee, Tennessee | 6 | $ 1,430,000 | $ 238,333 | $ 127,000 |
| Calloway, Kentucky | 5 | $ 1,635,000 | $ 327,000 | $ 220,000 |
| DeKalb, Tennessee | 5 | $ 3,505,000 | $ 701,000 | $ 1,118,000 |
| Franklin, Tennessee | 5 | $ 1,565,000 | $ 313,000 | $ 218,000 |
| Humphreys, Tennessee | 5 | $ 1,035,000 | $ 207,000 | $ 130,000 |
| Madison, Tennessee | 5 | $ 1,215,000 | $ 243,000 | $ 78,000 |
| Logan, Kentucky | 4 | $ 670,000 | $ 167,500 | $ 96,000 |
| Simpson, Kentucky | 4 | $ 880,000 | $ 220,000 | $ 72,000 |
| Trigg, Kentucky | 4 | $ 1,020,000 | $ 255,000 | $ 89,000 |
| Bedford, Tennessee | 4 | $ 700,000 | $ 175,000 | $ 100,000 |
| Hamilton, Tennessee | 4 | $ 2,560,000 | $ 640,000 | $ 280,000 |
| Henry, Tennessee | 4 | $ 750,000 | $ 187,500 | $ 81,000 |
| Marshall, Tennessee | 4 | $ 880,000 | $ 220,000 | $ 112,000 |
| Warren, Tennessee | 4 | $ 2,710,000 | $ 677,500 | $ 53,000 |
| Warren, Kentucky | 3 | $ 2,275,000 | $ 758,333 | $ 225,000 |
| Gibson, Tennessee | 3 | $ 635,000 | $ 211,666 | $ 85,000 |
| Jackson, Tennessee | 3 | $ 405,000 | $ 135,000 | $ 65,000 |
| Trousdale, Tennessee | 3 | $ 1,065,000 | $ 355,000 | $ 232,000 |
| Gulf, Florida | 2 | $ 860,000 | $ 430,000 | $ 350,000 |
| Walton, Florida | 2 | $ 2,840,000 | $ 1,420,000 | $ 949,000 |
| Marion, Tennessee | 2 | $ 370,000 | $ 185,000 | $ 165,000 |
| Overton, Tennessee | 2 | $ 700,000 | $ 350,000 | $ 141,000 |
| Bay, Florida | 1 | $ 905,000 | $ 905,000 | $ 200,000 |
| Escambia, Florida | 1 | $ 335,000 | $ 335,000 | $ 242,000 |
| Orange, Florida | 1 | $ 555,000 | $ 555,000 | $ 201,000 |
| Bibb, Georgia | 1 | $ 155,000 | $ 155,000 | $ 62,000 |
| Chatham, Georgia | 1 | $ 345,000 | $ 345,000 | $ 173,000 |
| Coweta, Georgia | 1 | $ 635,000 | $ 635,000 | $ 308,000 |
| DeKalb, Georgia | 1 | $ 265,000 | $ 265,000 | $ 70,000 |
| Walker, Georgia | 1 | $ 725,000 | $ 725,000 | $ 770,000 |
| St. Clair, Illinois | 1 | $ 65,000 | $ 65,000 | $ 200,000 |
| Vanderburgh, Indiana | 1 | $ 4,305,000 | $ 4,305,000 | $ 0 |
| Dallas, Iowa | 1 | $ 165,000 | $ 165,000 | $ 126,000 |
| Dubuque, Iowa | 1 | $ 435,000 | $ 435,000 | $ 92,000 |
| Allen, Kentucky | 1 | $ 255,000 | $ 255,000 | $ 145,000 |
| Ballard, Kentucky | 1 | $ 35,000 | $ 35,000 | $ 42,000 |
| Hardin, Kentucky | 1 | $ 435,000 | $ 435,000 | $ 0 |
| Jefferson, Kentucky | 1 | $ 615,000 | $ 615,000 | $ 254,000 |
| Lyon, Kentucky | 1 | $ 165,000 | $ 165,000 | $ 54,000 |
| Marshall, Kentucky | 1 | $ 175,000 | $ 175,000 | $ 50,000 |
| McCracken, Kentucky | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Monroe, Kentucky | 1 | $ 45,000 | $ 45,000 | $ 104,000 |
| Webster, Kentucky | 1 | $ 55,000 | $ 55,000 | $ 54,000 |
| Genesee, Michigan | 1 | $ 325,000 | $ 325,000 | $ 111,000 |
| Kalamazoo, Michigan | 1 | $ 235,000 | $ 235,000 | $ 66,000 |
| Mecosta, Michigan | 1 | $ 425,000 | $ 425,000 | $ 117,000 |
| Stone, Mississippi | 1 | $ 325,000 | $ 325,000 | $ 73,000 |
| Yellowstone, Montana | 1 | $ 175,000 | $ 175,000 | $ 91,000 |
| Cabarrus, North Carolina | 1 | $ 375,000 | $ 375,000 | $ 143,000 |
| Craven, North Carolina | 1 | $ 265,000 | $ 265,000 | $ 105,000 |
| Guilford, North Carolina | 1 | $ 345,000 | $ 345,000 | $ 170,000 |
| Richmond, North Carolina | 1 | $ 365,000 | $ 365,000 | $ 84,000 |
| Clay, Tennessee | 1 | $ 275,000 | $ 275,000 | $ 200,000 |
| Crockett, Tennessee | 1 | $ 125,000 | $ 125,000 | $ 38,000 |
| Cumberland, Tennessee | 1 | $ 405,000 | $ 405,000 | $ 300,000 |
| Fentress, Tennessee | 1 | $ 385,000 | $ 385,000 | $ 83,000 |
| Hickman, Tennessee | 1 | $ 405,000 | $ 405,000 | $ 118,000 |
| Knox, Tennessee | 1 | $ 265,000 | $ 265,000 | $ 215,000 |
| Lawrence, Tennessee | 1 | $ 1,345,000 | $ 1,345,000 | $ 0 |
| Macon, Tennessee | 1 | $ 285,000 | $ 285,000 | $ 74,000 |
| McMinn, Tennessee | 1 | $ 45,000 | $ 45,000 | $ 37,000 |
| Rhea, Tennessee | 1 | $ 655,000 | $ 655,000 | $ 193,000 |
| Shelby, Tennessee | 1 | $ 265,000 | $ 265,000 | $ 60,000 |
| Smith, Tennessee | 1 | $ 195,000 | $ 195,000 | $ 96,000 |
| Weakley, Tennessee | 1 | $ 175,000 | $ 175,000 | $ 67,000 |
| White, Tennessee | 1 | $ 135,000 | $ 135,000 | $ 249,000 |
| Bell, Texas | 1 | $ 205,000 | $ 205,000 | $ 87,000 |
| Dallas, Texas | 1 | $ 485,000 | $ 485,000 | $ 184,000 |
| Tarrant, Texas | 1 | $ 315,000 | $ 315,000 | $ 120,000 |
| Sweetwater, Wyoming | 1 | $ 255,000 | $ 255,000 | $ 100,000 |
Mortgage Loan Application Detail Totals for F&M Bank in 2023
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 Purchase | 811 | $314,485,000 | $387,000 | $6,705,000 | $194,000 | $9,488,000 |
| Other Purpose | 402 | $64,480,000 | $160,000 | $2,175,000 | $224,000 | $8,150,000 |
| Refinancing | 243 | $90,175,000 | $371,000 | $11,005,000 | $279,000 | $3,082,000 |
| Home Improvement | 64 | $8,850,000 | $138,000 | $845,000 | $165,000 | $831,000 |
| Cash-out Refinancing | 28 | $7,880,000 | $281,000 | $725,000 | $146,000 | $767,000 |
| 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 | 1,222 | $353,770,000 | $289,000 | $11,005,000 | $221,000 | $9,488,000 |
| Not applicable | 98 | $65,630,000 | $669,000 | $6,705,000 | $0 | $0 |
| Black or African American | 76 | $20,620,000 | $271,000 | $655,000 | $128,000 | $1,221,000 |
| Not Provided | 69 | $19,535,000 | $283,000 | $725,000 | $122,000 | $491,000 |
| Hispanic | 45 | $11,815,000 | $262,000 | $675,000 | $144,000 | $986,000 |
| Asian | 30 | $12,040,000 | $401,000 | $2,835,000 | $365,000 | $1,595,000 |
| American Indian or Alaskan Native | 3 | $1,415,000 | $471,000 | $815,000 | $595,000 | $1,567,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $430,000 | $215,000 | $255,000 | $213,000 | $346,000 |
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) | 1,240 | $387,610,000 | $312,000 | $11,005,000 | $245,000 | $9,488,000 |
| VA-guaranteed (Veterans Administration) | 180 | $59,640,000 | $331,000 | $905,000 | $98,000 | $308,000 |
| FHA-insured (Federal Housing Administration) | 125 | $38,055,000 | $304,000 | $905,000 | $92,000 | $470,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $565,000 | $188,000 | $255,000 | $57,000 | $92,000 |
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 | 1,190 | $377,550,000 | $317,000 | $11,005,000 | $228,000 | $9,488,000 |
| Application Denied By Financial Institution | 179 | $51,945,000 | $290,000 | $2,835,000 | $138,000 | $1,041,000 |
| Application Withdrawn By Applicant | 119 | $38,735,000 | $325,000 | $1,695,000 | $157,000 | $986,000 |
| Application Approved But Not Accepted | 56 | $16,120,000 | $287,000 | $1,765,000 | $273,000 | $2,006,000 |
| Loan Purchased By The Institution | 2 | $520,000 | $260,000 | $375,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 1 | $485,000 | $485,000 | $485,000 | $117,000 | $117,000 |
| File Closed For Incompleteness | 1 | $515,000 | $515,000 | $515,000 | $196,000 | $196,000 |
| 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 | 1,369 | $433,925,000 | $316,000 | $11,005,000 | $223,000 | $9,488,000 |
| Debt-To-Income Ratio | 98 | $24,500,000 | $250,000 | $2,835,000 | $142,000 | $1,041,000 |
| Credit Application Incomplete | 27 | $11,335,000 | $419,000 | $945,000 | $134,000 | $396,000 |
| Credit History | 16 | $2,090,000 | $130,000 | $705,000 | $127,000 | $557,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 15 | $6,595,000 | $439,000 | $1,445,000 | $197,000 | $341,000 |
| Collateral | 9 | $1,365,000 | $151,000 | $405,000 | $115,000 | $312,000 |
| Other | 6 | $4,610,000 | $768,000 | $2,325,000 | $69,000 | $69,000 |
| Unverifiable Information | 5 | $925,000 | $185,000 | $285,000 | $117,000 | $200,000 |
| Employment History | 3 | $525,000 | $175,000 | $315,000 | $45,000 | $68,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into F&M Bank's 2023 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 F&M 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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