Farmers & Stockmens Bank Mortgage Lending & HMDA Data, 2022
In 2022, Farmers & Stockmens Bank of Clayton, NM reported 243 mortgage applications totaling $98.7 million, down 63% from 2021. The average application was for $405,987, and applicants reported an average income of $168,456. 75% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Colorado Springs, CO (139), Denver-Aurora-Lakewood, CO (32) and Pueblo, CO (19) (applications in parentheses).
| Mortgage Company & Address | Farmers & Stockmens Bank 22 Maple Street Clayton, NM 88415 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 243 |
| Total Mortgage Loan Application Amount | $98,655,000 |
| Average Mortgage Loan Application Amount | $405,987 |
| Highest Mortgage Loan Application Amount | $2,605,000 |
| Average Applicant Income | $168,456 |
| Highest Applicant Income | $2,242,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Farmers & Stockmens Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| El Paso, Colorado | 133 | $ 59,655,000 | $ 448,533 | $ 152,000 |
| Pueblo, Colorado | 19 | $ 5,605,000 | $ 295,000 | $ 147,000 |
| Union, New Mexico | 12 | $ 940,000 | $ 78,333 | $ 71,000 |
| Arapahoe, Colorado | 11 | $ 3,345,000 | $ 304,090 | $ 133,000 |
| Denver, Colorado | 6 | $ 2,150,000 | $ 358,333 | $ 141,000 |
| Douglas, Colorado | 6 | $ 2,740,000 | $ 456,666 | $ 126,000 |
| Teller, Colorado | 6 | $ 3,150,000 | $ 525,000 | $ 453,000 |
| Jefferson, Colorado | 5 | $ 3,515,000 | $ 703,000 | $ 281,000 |
| Adams, Colorado | 2 | $ 670,000 | $ 335,000 | $ 62,000 |
| Clay, Florida | 2 | $ 370,000 | $ 185,000 | $ 232,000 |
| Suffolk, Massachusetts | 2 | $ 930,000 | $ 465,000 | $ 472,000 |
| St. Louis, Missouri | 2 | $ 210,000 | $ 105,000 | $ 213,000 |
| San Miguel, New Mexico | 2 | $ 240,000 | $ 120,000 | $ 142,000 |
| Philadelphia, Pennsylvania | 2 | $ 1,310,000 | $ 655,000 | $ 185,000 |
| Lauderdale, Alabama | 1 | $ 185,000 | $ 185,000 | $ 186,000 |
| Coconino, Arizona | 1 | $ 225,000 | $ 225,000 | $ 73,000 |
| Maricopa, Arizona | 1 | $ 325,000 | $ 325,000 | $ 87,000 |
| Boulder, Colorado | 1 | $ 355,000 | $ 355,000 | $ 67,000 |
| Elbert, Colorado | 1 | $ 645,000 | $ 645,000 | $ 167,000 |
| Huerfano, Colorado | 1 | $ 185,000 | $ 185,000 | $ 41,000 |
| La Plata, Colorado | 1 | $ 395,000 | $ 395,000 | $ 273,000 |
| Otero, Colorado | 1 | $ 135,000 | $ 135,000 | $ 40,000 |
| Park, Colorado | 1 | $ 565,000 | $ 565,000 | $ 317,000 |
| Summit, Colorado | 1 | $ 2,605,000 | $ 2,605,000 | $ 0 |
| Weld, Colorado | 1 | $ 425,000 | $ 425,000 | $ 74,000 |
| Escambia, Florida | 1 | $ 315,000 | $ 315,000 | $ 235,000 |
| Okaloosa, Florida | 1 | $ 205,000 | $ 205,000 | $ 88,000 |
| Hardin, Kentucky | 1 | $ 265,000 | $ 265,000 | $ 73,000 |
| Meade, Kentucky | 1 | $ 285,000 | $ 285,000 | $ 92,000 |
| Gallatin, Montana | 1 | $ 655,000 | $ 655,000 | $ 118,000 |
| Platte, Nebraska | 1 | $ 105,000 | $ 105,000 | $ 77,000 |
| Bernalillo, New Mexico | 1 | $ 205,000 | $ 205,000 | $ 176,000 |
| Colfax, New Mexico | 1 | $ 35,000 | $ 35,000 | $ 0 |
| Quay, New Mexico | 1 | $ 155,000 | $ 155,000 | $ 201,000 |
| Santa Fe, New Mexico | 1 | $ 545,000 | $ 545,000 | $ 300,000 |
| Valencia, New Mexico | 1 | $ 795,000 | $ 795,000 | $ 0 |
| Lincoln, North Carolina | 1 | $ 205,000 | $ 205,000 | $ 137,000 |
| Josephine, Oregon | 1 | $ 255,000 | $ 255,000 | $ 2,242,000 |
| Washington, Oregon | 1 | $ 505,000 | $ 505,000 | $ 81,000 |
| Allegheny, Pennsylvania | 1 | $ 305,000 | $ 305,000 | $ 80,000 |
| Bell, Texas | 1 | $ 305,000 | $ 305,000 | $ 100,000 |
| Collin, Texas | 1 | $ 285,000 | $ 285,000 | $ 132,000 |
| Comal, Texas | 1 | $ 375,000 | $ 375,000 | $ 113,000 |
| Harris, Texas | 1 | $ 205,000 | $ 205,000 | $ 66,000 |
| Travis, Texas | 1 | $ 465,000 | $ 465,000 | $ 162,000 |
| Loudoun, Virginia | 1 | $ 755,000 | $ 755,000 | $ 440,000 |
| King, Washington | 1 | $ 555,000 | $ 555,000 | $ 123,000 |
Mortgage Loan Application Detail Totals for Farmers & Stockmens 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 | 184 | $76,840,000 | $417,000 | $2,605,000 | $146,000 | $2,242,000 |
| Cash-out Refinancing | 40 | $13,610,000 | $340,000 | $1,125,000 | $250,000 | $1,799,000 |
| Refinancing | 18 | $8,050,000 | $447,000 | $1,955,000 | $215,000 | $727,000 |
| Home Improvement | 1 | $155,000 | $155,000 | $155,000 | $201,000 | $201,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 143 | $59,325,000 | $414,000 | $1,955,000 | $157,000 | $2,242,000 |
| Hispanic | 42 | $14,860,000 | $353,000 | $1,005,000 | $123,000 | $663,000 |
| Not Provided | 28 | $11,660,000 | $416,000 | $1,125,000 | $157,000 | $472,000 |
| Asian | 14 | $5,050,000 | $360,000 | $465,000 | $504,000 | $1,799,000 |
| Black or African American | 7 | $3,035,000 | $433,000 | $475,000 | $78,000 | $105,000 |
| Not applicable | 5 | $3,545,000 | $709,000 | $2,605,000 | $0 | $0 |
| American Indian or Alaskan Native | 4 | $1,180,000 | $295,000 | $455,000 | $75,000 | $139,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 143 | $53,835,000 | $376,000 | $2,605,000 | $209,000 | $2,242,000 |
| VA-guaranteed (Veterans Administration) | 87 | $40,755,000 | $468,000 | $1,125,000 | $119,000 | $663,000 |
| FHA-insured (Federal Housing Administration) | 13 | $4,065,000 | $312,000 | $595,000 | $78,000 | $133,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 182 | $73,160,000 | $401,000 | $1,955,000 | $150,000 | $2,242,000 |
| Application Withdrawn By Applicant | 38 | $16,690,000 | $439,000 | $2,605,000 | $127,000 | $245,000 |
| Application Approved But Not Accepted | 11 | $4,205,000 | $382,000 | $575,000 | $590,000 | $1,799,000 |
| File Closed For Incompleteness | 7 | $2,335,000 | $333,000 | $545,000 | $210,000 | $472,000 |
| Application Denied By Financial Institution | 5 | $2,265,000 | $453,000 | $1,005,000 | $103,000 | $195,000 |
| 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 | 238 | $96,390,000 | $405,000 | $2,605,000 | $169,000 | $2,242,000 |
| Debt-To-Income Ratio | 3 | $1,745,000 | $581,000 | $1,005,000 | $116,000 | $195,000 |
| Credit History | 2 | $520,000 | $260,000 | $415,000 | $91,000 | $106,000 |
| 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 Farmers & Stockmens 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 Farmers & Stockmens 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 New Mexico, download the full spreadsheet
with aggregated HMDA statistics today.
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