F&M Bank Mortgage Lending & HMDA Data, 2022
In 2022, F&M Bank of Clarksville, TN reported 2,656 mortgage applications totaling $781.3 million, down 33% from 2021. The average application was for $294,175, and applicants reported an average income of $160,761. 78% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Nashville-Davidson--Murfreesboro--Franklin, TN (1,367), Clarksville, TN-KY (1,043) and Chattanooga, TN-GA (15) (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 | 2,656 |
| Total Mortgage Loan Application Amount | $781,330,000 |
| Average Mortgage Loan Application Amount | $294,175 |
| Highest Mortgage Loan Application Amount | $4,865,000 |
| Average Applicant Income | $160,761 |
| Highest Applicant Income | $7,642,000 |
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Disclosure Act (HMDA) records F&M Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 1,367 | $ 429,375,000 | $ 314,100 | $ 174,000 |
| Clarksville, TN-KY | 1,043 | $ 269,125,000 | $ 258,029 | $ 146,208 |
| Outside any metro area | 174 | $ 45,080,000 | $ 259,080 | $ 132,810 |
| Chattanooga, TN-GA | 15 | $ 4,455,000 | $ 297,000 | $ 201,200 |
| Bowling Green, KY | 8 | $ 2,350,000 | $ 293,750 | $ 119,000 |
| Daphne-Fairhope-Foley, AL | 5 | $ 2,135,000 | $ 427,000 | $ 136,000 |
| Jackson, TN | 5 | $ 945,000 | $ 189,000 | $ 102,000 |
| Crestview-Fort Walton Beach-Destin, FL | 4 | $ 8,800,000 | $ 2,200,000 | $ 67,000 |
| Knoxville, TN | 4 | $ 830,000 | $ 207,500 | $ 81,000 |
| Atlanta-Sandy Springs-Roswell, GA | 2 | $ 940,000 | $ 470,000 | $ 142,000 |
| Duluth, MN-WI | 2 | $ 1,080,000 | $ 540,000 | $ 275,000 |
| Elizabethtown-Fort Knox, KY | 2 | $ 3,880,000 | $ 1,940,000 | $ 274,000 |
| Fayetteville, NC | 2 | $ 360,000 | $ 180,000 | $ 135,000 |
| Memphis, TN-MS-AR | 2 | $ 510,000 | $ 255,000 | $ 80,500 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 1,020,000 | $ 510,000 | $ 126,000 |
| Anniston-Oxford-Jacksonville, AL | 1 | $ 565,000 | $ 565,000 | $ 220,000 |
| Auburn-Opelika, AL | 1 | $ 165,000 | $ 165,000 | $ 72,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 655,000 | $ 655,000 | $ 233,000 |
| Detroit-Dearborn-Livonia, MI | 1 | $ 305,000 | $ 305,000 | $ 110,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 225,000 | $ 225,000 | $ 104,000 |
| Greensboro-High Point, NC | 1 | $ 345,000 | $ 345,000 | $ 165,000 |
| Homosassa Springs, FL | 1 | $ 155,000 | $ 155,000 | $ 83,000 |
| Huntsville, AL | 1 | $ 495,000 | $ 495,000 | $ 115,000 |
| Indianapolis-Carmel-Anderson, IN | 1 | $ 135,000 | $ 135,000 | $ 121,000 |
| Jacksonville, FL | 1 | $ 275,000 | $ 275,000 | $ 83,000 |
| Lawton, OK | 1 | $ 345,000 | $ 345,000 | $ 141,000 |
| Longview, TX | 1 | $ 415,000 | $ 415,000 | $ 71,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 525,000 | $ 525,000 | $ 195,000 |
| Port St. Lucie, FL | 1 | $ 805,000 | $ 805,000 | $ 232,000 |
| San Antonio-New Braunfels, TX | 1 | $ 385,000 | $ 385,000 | $ 95,000 |
| Tuscaloosa, AL | 1 | $ 195,000 | $ 195,000 | $ 100,000 |
| Valdosta, GA | 1 | $ 185,000 | $ 185,000 | $ 125,000 |
| Wausau, WI | 1 | $ 115,000 | $ 115,000 | $ 110,000 |
Mortgage Loan Application Detail Totals for F&M 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 Purchase | 1,379 | $494,305,000 | $358,000 | $4,865,000 | $150,000 | $3,762,000 |
| Other Purpose | 568 | $98,390,000 | $173,000 | $1,505,000 | $171,000 | $1,909,000 |
| Refinancing | 453 | $133,765,000 | $295,000 | $3,705,000 | $205,000 | $7,642,000 |
| Cash-out Refinancing | 137 | $39,025,000 | $284,000 | $675,000 | $101,000 | $332,000 |
| Home Improvement | 119 | $15,845,000 | $133,000 | $705,000 | $137,000 | $710,000 |
| 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 | 2,067 | $575,285,000 | $278,000 | $4,865,000 | $165,000 | $7,642,000 |
| Not applicable | 173 | $87,155,000 | $503,000 | $4,155,000 | $0 | $0 |
| Black or African American | 137 | $34,665,000 | $253,000 | $1,105,000 | $121,000 | $1,672,000 |
| Not Provided | 112 | $35,700,000 | $318,000 | $825,000 | $147,000 | $715,000 |
| Asian | 75 | $22,525,000 | $300,000 | $855,000 | $152,000 | $696,000 |
| Hispanic | 74 | $19,990,000 | $270,000 | $915,000 | $121,000 | $581,000 |
| American Indian or Alaskan Native | 6 | $1,390,000 | $231,000 | $355,000 | $98,000 | $254,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $800,000 | $400,000 | $625,000 | $562,000 | $942,000 |
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) | 2,275 | $659,845,000 | $290,000 | $4,865,000 | $174,000 | $7,642,000 |
| VA-guaranteed (Veterans Administration) | 246 | $82,440,000 | $335,000 | $1,005,000 | $93,000 | $314,000 |
| FHA-insured (Federal Housing Administration) | 126 | $37,040,000 | $293,000 | $625,000 | $78,000 | $211,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 9 | $2,005,000 | $222,000 | $305,000 | $60,000 | $72,000 |
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 | 2,066 | $588,230,000 | $284,000 | $4,865,000 | $161,000 | $2,834,000 |
| Application Withdrawn By Applicant | 264 | $96,010,000 | $363,000 | $4,155,000 | $143,000 | $922,000 |
| Application Denied By Financial Institution | 263 | $73,675,000 | $280,000 | $4,415,000 | $156,000 | $7,642,000 |
| Application Approved But Not Accepted | 52 | $21,420,000 | $411,000 | $3,005,000 | $278,000 | $3,762,000 |
| File Closed For Incompleteness | 8 | $1,380,000 | $172,000 | $305,000 | $133,000 | $168,000 |
| Loan Purchased By The Institution | 3 | $615,000 | $205,000 | $265,000 | $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 | 2,393 | $707,655,000 | $295,000 | $4,865,000 | $161,000 | $3,762,000 |
| Debt-To-Income Ratio | 123 | $35,275,000 | $286,000 | $4,415,000 | $113,000 | $821,000 |
| Credit History | 43 | $5,365,000 | $124,000 | $555,000 | $87,000 | $343,000 |
| Collateral | 26 | $7,570,000 | $291,000 | $1,055,000 | $133,000 | $432,000 |
| Credit Application Incomplete | 25 | $8,815,000 | $352,000 | $1,145,000 | $164,000 | $472,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 17 | $5,885,000 | $346,000 | $705,000 | $69,000 | $159,000 |
| Other | 15 | $7,875,000 | $525,000 | $1,155,000 | $1,140,000 | $7,642,000 |
| Employment History | 10 | $1,720,000 | $172,000 | $525,000 | $92,000 | $410,000 |
| Unverifiable Information | 4 | $1,170,000 | $292,000 | $505,000 | $288,000 | $485,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into F&M 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 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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