F&M Bank Mortgage Lending & HMDA Data, 2005
In 2005, F&M Bank of Spokane, WA reported 254 mortgage applications totaling $24.5 million, down 3% from 2004. The average application was for $96,551, and applicants reported an average income of $60,661. 75% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Spokane, WA (216) and Coeur D'Alene, ID (10).
| Mortgage Company & Address | F&M Bank 25 N. Mullan Rd Ste. 200 Spokane, WA 99206 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 254 |
| Total Mortgage Loan Application Amount | $24,524,000 |
| Average Mortgage Loan Application Amount | $96,551 |
| Highest Mortgage Loan Application Amount | $504,000 |
| Average Applicant Income | $60,661 |
| Highest Applicant Income | $526,000 |
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Disclosure Act (HMDA) records F&M Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for F&M Bank in 2005
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 |
|---|---|---|---|---|---|---|
| Refinancing | 104 | $11,981,000 | $150,000 | $504,000 | $78,000 | $240,000 |
| Home Purchase | 91 | $9,944,000 | $168,500 | $355,000 | $80,000 | $196,000 |
| Home Improvement | 59 | $2,599,000 | $62,500 | $408,000 | $69,000 | $526,000 |
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 | 240 | $23,127,000 | $124,500 | $504,000 | $73,000 | $526,000 |
| Not Provided | 4 | $448,000 | $112,000 | $238,000 | $72,000 | $92,000 |
| Black or African American | 3 | $207,000 | $69,000 | $133,000 | $36,000 | $37,000 |
| Hispanic | 3 | $147,000 | $49,000 | $126,000 | $64,000 | $75,000 |
| American Indian or Alaskan Native | 2 | $161,000 | $80,500 | $151,000 | $37,500 | $41,000 |
| Asian | 2 | $434,000 | $217,000 | $359,000 | $135,000 | $240,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 211 | $19,759,000 | $118,500 | $504,000 | $77,500 | $526,000 |
| FHA-insured (Federal Housing Administration) | 36 | $4,056,000 | $112,000 | $168,000 | $35,000 | $64,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $568,000 | $94,000 | $120,000 | $37,000 | $49,000 |
| VA-guaranteed (Veterans Administration) | 1 | $141,000 | $141,000 | $141,000 | $65,000 | $65,000 |
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 | 191 | $19,197,000 | $136,000 | $504,000 | $83,000 | $526,000 |
| Application Denied By Financial Institution | 34 | $2,257,000 | $54,000 | $359,000 | $57,000 | $240,000 |
| Application Withdrawn By Applicant | 28 | $3,030,000 | $125,000 | $250,000 | $46,000 | $120,000 |
| Application Approved But Not Accepted | 1 | $40,000 | $40,000 | $40,000 | $73,000 | $73,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into F&M Bank's 2005 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 Washington, download the full spreadsheet
with aggregated HMDA statistics today.
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