F & M Community Bank, N.A. Mortgage Lending & HMDA Data, 2003
In 2003, F & M Community Bank, N.A. of Preston, MN reported 68 mortgage applications totaling $6.0 million. The average application was for $87,573, and applicants reported an average income of $49,147. 91% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Rochester, MN (17) and Minneapolis-St. Paul, MN-WI (1).
| Mortgage Company & Address | F & M Community Bank, N.A. Po Box 467 Preston, MN 55965 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 | 68 |
| Total Mortgage Loan Application Amount | $5,955,000 |
| Average Mortgage Loan Application Amount | $87,573 |
| Highest Mortgage Loan Application Amount | $345,000 |
| Average Applicant Income | $49,147 |
| Highest Applicant Income | $122,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records F & M Community Bank, N.A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Fillmore, Minnesota | 42 | $ 2,593,000 | $ 61,738 | $ 33,000 |
| Olmsted, Minnesota | 17 | $ 2,263,000 | $ 133,117 | $ 63,000 |
| Winona, Minnesota | 3 | $ 313,000 | $ 104,333 | $ 24,000 |
| Dodge, Minnesota | 1 | $ 15,000 | $ 15,000 | $ 53,000 |
| Houston, Minnesota | 1 | $ 8,000 | $ 8,000 | $ 29,000 |
| Mower, Minnesota | 1 | $ 88,000 | $ 88,000 | $ 0 |
| Scott, Minnesota | 1 | $ 165,000 | $ 165,000 | $ 43,000 |
| Todd, Minnesota | 1 | $ 165,000 | $ 165,000 | $ 36,000 |
| Waseca, Minnesota | 1 | $ 345,000 | $ 345,000 | $ 122,000 |
Mortgage Loan Application Detail Totals for F & M Community Bank, N.A. in 2003
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 (one-to-four family) | 27 | $2,684,000 | $99,000 | $345,000 | $55,000 | $122,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 27 | $2,783,000 | $103,000 | $271,000 | $51,000 | $93,000 |
| Home Improvement (one-to-four family) | 12 | $230,000 | $19,000 | $39,000 | $40,000 | $111,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 2 | $258,000 | $129,000 | $170,000 | $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 | 62 | $5,171,000 | $83,000 | $345,000 | $43,000 | $122,000 |
| Not applicable | 4 | $507,000 | $126,000 | $170,000 | $62,000 | $93,000 |
| Information not provided by applicant in mail or telephone application | 2 | $277,000 | $138,000 | $265,000 | $40,000 | $51,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian or Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 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) | 68 | $5,955,000 | $87,000 | $345,000 | $45,000 | $122,000 |
| 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 | 62 | $5,432,000 | $87,000 | $345,000 | $48,000 | $122,000 |
| Application Denied By Financial Institution | 6 | $523,000 | $87,000 | $172,000 | $34,000 | $84,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 3 | $237,000 | $79,000 | $172,000 | $37,000 | $79,000 |
| Debt-To-Income Ratio | 1 | $120,000 | $120,000 | $120,000 | $6,000 | $6,000 |
| Collateral | 1 | $150,000 | $150,000 | $150,000 | $84,000 | $84,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $16,000 | $16,000 | $16,000 | $12,000 | $12,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into F & M Community Bank, N.A.'s 2003 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 Community Bank, N.A.'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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