F & M Community Bank, N.A. Mortgage Lending & HMDA Data, 2006
In 2006, F & M Community Bank, N.A. of Preston, MN reported 83 mortgage applications totaling $5.9 million, down 2% from 2005. The average application was for $70,662, and applicants reported an average income of $59,771. 89% of its applications resulted in an originated loan and 11% were denied. Its largest market was Rochester, MN (19).
| 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 | 83 |
| Total Mortgage Loan Application Amount | $5,865,000 |
| Average Mortgage Loan Application Amount | $70,662 |
| Highest Mortgage Loan Application Amount | $392,000 |
| Average Applicant Income | $59,771 |
| Highest Applicant Income | $142,000 |
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records F & M Community Bank, N.A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 58 | $ 3,744,000 | $ 64,551 | $ 59,000 |
| Olmsted, Minnesota | 19 | $ 1,824,000 | $ 96,000 | $ 55,000 |
| Faribault, Minnesota | 2 | $ 61,000 | $ 30,500 | $ 78,000 |
| Cerro Gordo, Iowa | 1 | $ 32,000 | $ 32,000 | $ 94,000 |
| Howard, Iowa | 1 | $ 18,000 | $ 18,000 | $ 79,000 |
| Mower, Minnesota | 1 | $ 143,000 | $ 143,000 | $ 65,000 |
| Winona, Minnesota | 1 | $ 43,000 | $ 43,000 | $ 76,000 |
Mortgage Loan Application Detail Totals for F & M Community Bank, N.A. in 2006
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 | 49 | $3,279,000 | $66,000 | $381,000 | $61,000 | $126,000 |
| Home Improvement | 17 | $712,000 | $41,000 | $125,000 | $51,000 | $91,000 |
| Home Purchase | 17 | $1,874,000 | $110,000 | $392,000 | $65,000 | $142,000 |
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 | 73 | $4,589,000 | $62,000 | $272,000 | $62,000 | $142,000 |
| Not Provided | 7 | $399,000 | $57,000 | $142,000 | $39,000 | $78,000 |
| Not applicable | 2 | $773,000 | $386,000 | $392,000 | $0 | $0 |
| Hispanic | 1 | $104,000 | $104,000 | $104,000 | $132,000 | $132,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 83 | $5,865,000 | $70,000 | $392,000 | $59,000 | $142,000 |
| 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 | 74 | $5,171,000 | $69,000 | $392,000 | $61,000 | $142,000 |
| Application Denied By Financial Institution | 9 | $694,000 | $77,000 | $220,000 | $44,000 | $65,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 5 | $284,000 | $56,000 | $125,000 | $48,000 | $60,000 |
| Debt-To-Income Ratio | 2 | $362,000 | $181,000 | $220,000 | $52,000 | $65,000 |
| Collateral | 2 | $48,000 | $24,000 | $42,000 | $26,000 | $53,000 |
| Credit Application Incomplete | 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 Community Bank, N.A.'s 2006 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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