Farmers & Stockmens Bank Mortgage Lending & HMDA Data, 2011
In 2011, Farmers & Stockmens Bank of Clayton, NM reported 322 mortgage applications totaling $79.3 million, up 794% from 2010. The average application was for $246,326, and applicants reported an average income of $94,158. 75% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Colorado Springs, CO (269), Denver-Aurora-Broomfield, CO (10) and Boulder, CO (2) (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 | 322 |
| Total Mortgage Loan Application Amount | $79,317,000 |
| Average Mortgage Loan Application Amount | $246,326 |
| Highest Mortgage Loan Application Amount | $1,275,000 |
| Average Applicant Income | $94,158 |
| Highest Applicant Income | $804,000 |
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(HMDA) records Farmers & Stockmens Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 266 | $ 69,468,000 | $ 261,157 | $ 96,000 |
| Union, New Mexico | 23 | $ 3,595,000 | $ 156,304 | $ 71,000 |
| Douglas, Colorado | 6 | $ 1,238,000 | $ 206,333 | $ 87,000 |
| Teller, Colorado | 3 | $ 286,000 | $ 95,333 | $ 61,000 |
| Cimarron, Oklahoma | 3 | $ 293,000 | $ 97,666 | $ 54,000 |
| Boulder, Colorado | 2 | $ 289,000 | $ 144,500 | $ 59,000 |
| Park, Colorado | 2 | $ 532,000 | $ 266,000 | $ 76,000 |
| Pueblo, Colorado | 2 | $ 190,000 | $ 95,000 | $ 41,000 |
| Denver, Colorado | 1 | $ 220,000 | $ 220,000 | $ 97,000 |
| Elbert, Colorado | 1 | $ 319,000 | $ 319,000 | $ 84,000 |
| Pitkin, Colorado | 1 | $ 325,000 | $ 325,000 | $ 0 |
| Summit, Colorado | 1 | $ 223,000 | $ 223,000 | $ 175,000 |
| Dona Ana, New Mexico | 1 | $ 112,000 | $ 112,000 | $ 114,000 |
| Dallam, Texas | 1 | $ 18,000 | $ 18,000 | $ 24,000 |
| Randall, Texas | 1 | $ 183,000 | $ 183,000 | $ 113,000 |
Mortgage Loan Application Detail Totals for Farmers & Stockmens Bank in 2011
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 | 219 | $54,572,000 | $249,000 | $1,275,000 | $88,000 | $804,000 |
| Refinancing | 92 | $23,957,000 | $260,000 | $825,000 | $108,000 | $708,000 |
| Home Improvement | 11 | $788,000 | $71,000 | $225,000 | $101,000 | $360,000 |
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 | 225 | $53,185,000 | $236,000 | $550,000 | $95,000 | $690,000 |
| Hispanic | 33 | $5,979,000 | $181,000 | $347,000 | $74,000 | $200,000 |
| Black or African American | 23 | $6,490,000 | $282,000 | $458,000 | $87,000 | $168,000 |
| Not Provided | 18 | $5,822,000 | $323,000 | $825,000 | $148,000 | $804,000 |
| Asian | 12 | $3,445,000 | $287,000 | $431,000 | $108,000 | $322,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $978,000 | $195,000 | $296,000 | $38,000 | $64,000 |
| Not applicable | 5 | $3,008,000 | $601,000 | $1,275,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $410,000 | $410,000 | $410,000 | $243,000 | $243,000 |
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) | 138 | $29,852,000 | $216,000 | $1,275,000 | $109,000 | $804,000 |
| VA-guaranteed (Veterans Administration) | 135 | $40,195,000 | $297,000 | $550,000 | $90,000 | $243,000 |
| FHA-insured (Federal Housing Administration) | 48 | $9,063,000 | $188,000 | $328,000 | $54,000 | $125,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $207,000 | $207,000 | $207,000 | $404,000 | $404,000 |
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 | 243 | $59,496,000 | $244,000 | $1,275,000 | $92,000 | $690,000 |
| Application Withdrawn By Applicant | 56 | $14,273,000 | $254,000 | $825,000 | $92,000 | $708,000 |
| Application Denied By Financial Institution | 14 | $3,245,000 | $231,000 | $410,000 | $99,000 | $322,000 |
| Preapproval Denied by Financial Institution | 5 | $1,335,000 | $267,000 | $340,000 | $215,000 | $804,000 |
| Preapproval Approved but not Accepted | 3 | $691,000 | $230,000 | $268,000 | $68,000 | $92,000 |
| Application Approved But Not Accepted | 1 | $277,000 | $277,000 | $277,000 | $79,000 | $79,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | $1,364,000 | $272,000 | $340,000 | $76,000 | $121,000 |
| Debt-To-Income Ratio | 3 | $853,000 | $284,000 | $410,000 | $97,000 | $134,000 |
| Collateral | 1 | $166,000 | $166,000 | $166,000 | $35,000 | $35,000 |
| Other | 1 | $183,000 | $183,000 | $183,000 | $113,000 | $113,000 |
| Unverifiable Information | 1 | $70,000 | $70,000 | $70,000 | $32,000 | $32,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers & Stockmens Bank's 2011 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.
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with aggregated HMDA statistics today.
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