F&M Bank Mortgage Lending & HMDA Data, 2018
In 2018, F&M Bank of Clarksville, TN reported 2,952 mortgage applications totaling $733.4 million, down 13% from 2017. The average application was for $248,448, and applicants reported an average income of $116,855. 81% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Nashville-Davidson--Murfreesboro--Franklin, TN (1,900), Clarksville, TN-KY (807) and Knoxville, TN (10) (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 | 2,952 |
| Total Mortgage Loan Application Amount | $733,420,000 |
| Average Mortgage Loan Application Amount | $248,448 |
| Highest Mortgage Loan Application Amount | $8,005,000 |
| Average Applicant Income | $116,855 |
| Highest Applicant Income | $4,755,000 |
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Disclosure Act (HMDA) records F&M Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1,900 | $ 504,790,000 | $ 265,678 | $ 116,000 |
| Clarksville, TN-KY | 807 | $ 179,925,000 | $ 222,955 | $ 120,210 |
| Outside any metro area | 169 | $ 29,505,000 | $ 174,585 | $ 91,230 |
| Knoxville, TN | 10 | $ 2,160,000 | $ 216,000 | $ 113,000 |
| Chattanooga, TN-GA | 8 | $ 1,630,000 | $ 203,750 | $ 101,875 |
| Bowling Green, KY | 6 | $ 1,470,000 | $ 245,000 | $ 117,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 4 | $ 950,000 | $ 237,500 | $ 130,000 |
| Crestview-Fort Walton Beach-Destin, FL | 3 | $ 1,925,000 | $ 641,666 | $ 568,000 |
| Greensboro-High Point, NC | 3 | $ 915,000 | $ 305,000 | $ 140,000 |
| Memphis, TN-MS-AR | 3 | $ 595,000 | $ 198,333 | $ 78,000 |
| Birmingham-Hoover, AL | 2 | $ 400,000 | $ 200,000 | $ 48,000 |
| Charlotte-Concord-Gastonia, NC-SC | 2 | $ 430,000 | $ 215,000 | $ 159,000 |
| Cincinnati, OH-KY-IN | 2 | $ 190,000 | $ 95,000 | $ 32,000 |
| Huntsville, AL | 2 | $ 250,000 | $ 125,000 | $ 104,000 |
| Jacksonville, FL | 2 | $ 490,000 | $ 245,000 | $ 136,000 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 940,000 | $ 470,000 | $ 260,000 |
| Asheville, NC | 1 | $ 135,000 | $ 135,000 | $ 91,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 225,000 | $ 225,000 | $ 37,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 315,000 | $ 315,000 | $ 85,000 |
| Canton-Massillon, OH | 1 | $ 245,000 | $ 245,000 | $ 131,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 175,000 | $ 175,000 | $ 95,000 |
| Charleston-North Charleston, SC | 1 | $ 165,000 | $ 165,000 | $ 107,000 |
| Columbus, GA-AL | 1 | $ 365,000 | $ 365,000 | $ 154,000 |
| Dallas-Plano-Irving, TX | 1 | $ 195,000 | $ 195,000 | $ 110,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 175,000 | $ 175,000 | $ 289,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 255,000 | $ 255,000 | $ 106,000 |
| Florence-Muscle Shoals, AL | 1 | $ 165,000 | $ 165,000 | $ 82,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 365,000 | $ 365,000 | $ 458,000 |
| Jackson, TN | 1 | $ 335,000 | $ 335,000 | $ 65,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 375,000 | $ 375,000 | $ 70,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 315,000 | $ 315,000 | $ 184,000 |
| Montgomery, AL | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Morristown, TN | 1 | $ 205,000 | $ 205,000 | $ 58,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 305,000 | $ 305,000 | $ 114,000 |
| Owensboro, KY | 1 | $ 85,000 | $ 85,000 | $ 166,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 185,000 | $ 185,000 | $ 61,000 |
| Peoria, IL | 1 | $ 255,000 | $ 255,000 | $ 112,000 |
| Raleigh, NC | 1 | $ 595,000 | $ 595,000 | $ 193,000 |
| Tacoma-Lakewood, WA | 1 | $ 305,000 | $ 305,000 | $ 107,000 |
| Tallahassee, FL | 1 | $ 175,000 | $ 175,000 | $ 58,000 |
| Tucson, AZ | 1 | $ 255,000 | $ 255,000 | $ 175,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 405,000 | $ 405,000 | $ 107,000 |
| Wilmington, DE-MD-NJ | 1 | $ 165,000 | $ 165,000 | $ 89,000 |
Mortgage Loan Application Detail Totals for F&M Bank in 2018
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 | 2,485 | $627,015,000 | $252,000 | $8,005,000 | $107,000 | $3,268,000 |
| Refinancing | 231 | $53,605,000 | $232,000 | $1,385,000 | $225,000 | $4,755,000 |
| Cash-out Refinancing | 201 | $46,215,000 | $229,000 | $845,000 | $110,000 | $665,000 |
| Home Improvement | 24 | $5,490,000 | $228,000 | $1,405,000 | $157,000 | $439,000 |
| Not Applicable | 10 | $990,000 | $99,000 | $115,000 | $0 | $0 |
| Other Purpose | 1 | $105,000 | $105,000 | $105,000 | $41,000 | $41,000 |
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 | 2,362 | $573,610,000 | $242,000 | $1,405,000 | $116,000 | $3,268,000 |
| Black or African American | 209 | $46,385,000 | $221,000 | $1,025,000 | $90,000 | $825,000 |
| Not Provided | 154 | $40,780,000 | $264,000 | $785,000 | $121,000 | $632,000 |
| Hispanic | 78 | $17,480,000 | $224,000 | $455,000 | $123,000 | $3,404,000 |
| Asian | 73 | $17,095,000 | $234,000 | $1,015,000 | $168,000 | $4,755,000 |
| Not applicable | 55 | $33,075,000 | $601,000 | $8,005,000 | $0 | $0 |
| American Indian or Alaskan Native | 11 | $2,615,000 | $237,000 | $475,000 | $98,000 | $255,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $545,000 | $545,000 | $545,000 | $139,000 | $139,000 |
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) | 1,922 | $500,310,000 | $260,000 | $8,005,000 | $140,000 | $4,755,000 |
| FHA-insured (Federal Housing Administration) | 494 | $103,270,000 | $209,000 | $505,000 | $65,000 | $500,000 |
| VA-guaranteed (Veterans Administration) | 484 | $120,000,000 | $247,000 | $895,000 | $84,000 | $720,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 52 | $9,840,000 | $189,000 | $285,000 | $55,000 | $84,000 |
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 | 2,399 | $589,015,000 | $245,000 | $5,005,000 | $119,000 | $4,755,000 |
| Application Withdrawn By Applicant | 388 | $110,610,000 | $285,000 | $8,005,000 | $96,000 | $900,000 |
| Application Denied By Financial Institution | 118 | $23,360,000 | $197,000 | $1,445,000 | $72,000 | $372,000 |
| Application Approved But Not Accepted | 31 | $6,915,000 | $223,000 | $1,285,000 | $343,000 | $2,541,000 |
| Loan Purchased By The Institution | 10 | $990,000 | $99,000 | $115,000 | $0 | $0 |
| File Closed For Incompleteness | 6 | $2,530,000 | $421,000 | $1,405,000 | $171,000 | $439,000 |
| 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 | 2,834 | $710,060,000 | $250,000 | $8,005,000 | $118,000 | $4,755,000 |
| Debt-To-Income Ratio | 41 | $8,485,000 | $206,000 | $425,000 | $68,000 | $238,000 |
| Credit History | 34 | $5,890,000 | $173,000 | $595,000 | $75,000 | $372,000 |
| Collateral | 16 | $2,570,000 | $160,000 | $425,000 | $86,000 | $221,000 |
| Other | 10 | $1,950,000 | $195,000 | $275,000 | $57,000 | $85,000 |
| Unverifiable Information | 6 | $1,320,000 | $220,000 | $455,000 | $87,000 | $137,000 |
| Employment History | 6 | $930,000 | $155,000 | $245,000 | $64,000 | $111,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $2,215,000 | $443,000 | $1,445,000 | $67,000 | $120,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into F&M Bank's 2018 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.
For a list of all lenders in Tennessee, download the full spreadsheet
with aggregated HMDA statistics today.
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