F & M Community Bank, N.A. Mortgage Lending & HMDA Data, 2023
In 2023, F & M Community Bank, N.A. of Preston, MN reported 95 mortgage applications totaling $23.9 million, down 12% from 2022. The average application was for $251,947, and applicants reported an average income of $152,610. 85% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Rochester, MN (80), La Crosse-Onalaska, WI-MN (3) and Minneapolis-St. Paul-Bloomington, MN-WI (2) (applications in parentheses).
| 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 | 95 |
| Total Mortgage Loan Application Amount | $23,935,000 |
| Average Mortgage Loan Application Amount | $251,947 |
| Highest Mortgage Loan Application Amount | $3,265,000 |
| Average Applicant Income | $152,610 |
| Highest Applicant Income | $1,065,000 |
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records F & M Community Bank, N.A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Rochester, MN | 80 | $ 19,030,000 | $ 237,875 | $ 166,000 |
| Outside any metro area | 7 | $ 3,685,000 | $ 526,428 | $ 104,666 |
| La Crosse-Onalaska, WI-MN | 3 | $ 185,000 | $ 61,666 | $ 65,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 2 | $ 440,000 | $ 220,000 | $ 71,000 |
| Eau Claire, WI | 1 | $ 305,000 | $ 305,000 | $ 115,000 |
| Mankato-North Mankato, MN | 1 | $ 225,000 | $ 225,000 | $ 62,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 65,000 | $ 65,000 | $ 90,000 |
Mortgage Loan Application Detail Totals for F & M Community Bank, N.A. in 2023
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 | 51 | $17,555,000 | $344,000 | $3,265,000 | $149,000 | $1,060,000 |
| Other Purpose | 16 | $790,000 | $49,000 | $105,000 | $118,000 | $189,000 |
| Cash-out Refinancing | 13 | $4,585,000 | $352,000 | $2,635,000 | $220,000 | $1,065,000 |
| Home Improvement | 8 | $550,000 | $68,000 | $145,000 | $170,000 | $345,000 |
| Refinancing | 7 | $455,000 | $65,000 | $135,000 | $113,000 | $200,000 |
| 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 | 82 | $14,880,000 | $181,000 | $2,635,000 | $154,000 | $1,065,000 |
| Not applicable | 12 | $8,730,000 | $727,000 | $3,265,000 | $0 | $0 |
| Asian | 1 | $325,000 | $325,000 | $325,000 | $68,000 | $68,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 95 | $23,935,000 | $251,000 | $3,265,000 | $153,000 | $1,065,000 |
| 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 | 81 | $22,755,000 | $280,000 | $3,265,000 | $165,000 | $1,065,000 |
| Application Approved But Not Accepted | 10 | $820,000 | $82,000 | $285,000 | $77,000 | $134,000 |
| Application Denied By Financial Institution | 4 | $360,000 | $90,000 | $135,000 | $125,000 | $189,000 |
| 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 |
| 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 | 91 | $23,575,000 | $259,000 | $3,265,000 | $154,000 | $1,065,000 |
| Credit History | 2 | $130,000 | $65,000 | $65,000 | $93,000 | $96,000 |
| Debt-To-Income Ratio | 2 | $230,000 | $115,000 | $135,000 | $189,000 | $189,000 |
| 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 |
| Collateral | 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 Community Bank, N.A.'s 2023 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.
For a list of all lenders in Minnesota, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About