Farmers & Stockmens Bank Mortgage Lending & HMDA Data, 2021
In 2021, Farmers & Stockmens Bank of Clayton, NM reported 651 mortgage applications totaling $231.5 million, down 33% from 2020. The average application was for $355,537, and applicants reported an average income of $134,651. 84% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Colorado Springs, CO (422), Denver-Aurora-Lakewood, CO (138) and Pueblo, CO (16) (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 | 651 |
| Total Mortgage Loan Application Amount | $231,455,000 |
| Average Mortgage Loan Application Amount | $355,537 |
| Highest Mortgage Loan Application Amount | $2,755,000 |
| Average Applicant Income | $134,651 |
| Highest Applicant Income | $948,000 |
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(HMDA) records Farmers & Stockmens Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 414 | $ 145,900,000 | $ 352,415 | $ 128,000 |
| Douglas, Colorado | 41 | $ 16,875,000 | $ 411,585 | $ 151,000 |
| Arapahoe, Colorado | 35 | $ 14,665,000 | $ 419,000 | $ 142,000 |
| Jefferson, Colorado | 27 | $ 10,965,000 | $ 406,111 | $ 168,000 |
| Denver, Colorado | 23 | $ 8,725,000 | $ 379,347 | $ 140,000 |
| Pueblo, Colorado | 16 | $ 3,690,000 | $ 230,625 | $ 85,000 |
| Union, New Mexico | 13 | $ 805,000 | $ 61,923 | $ 69,000 |
| Teller, Colorado | 8 | $ 4,180,000 | $ 522,500 | $ 130,000 |
| Adams, Colorado | 6 | $ 1,840,000 | $ 306,666 | $ 97,000 |
| Elbert, Colorado | 4 | $ 1,870,000 | $ 467,500 | $ 117,000 |
| Fremont, Colorado | 4 | $ 1,150,000 | $ 287,500 | $ 66,000 |
| Larimer, Colorado | 4 | $ 990,000 | $ 247,500 | $ 163,000 |
| Maricopa, Arizona | 3 | $ 1,245,000 | $ 415,000 | $ 165,000 |
| Charleston, South Carolina | 3 | $ 1,495,000 | $ 498,333 | $ 320,000 |
| Hartley, Texas | 3 | $ 535,000 | $ 178,333 | $ 78,000 |
| Custer, Colorado | 2 | $ 870,000 | $ 435,000 | $ 181,000 |
| Eagle, Colorado | 2 | $ 880,000 | $ 440,000 | $ 180,000 |
| Grand, Colorado | 2 | $ 640,000 | $ 320,000 | $ 189,000 |
| Mesa, Colorado | 2 | $ 890,000 | $ 445,000 | $ 174,000 |
| Otero, Colorado | 2 | $ 160,000 | $ 80,000 | $ 21,000 |
| Weld, Colorado | 2 | $ 770,000 | $ 385,000 | $ 95,000 |
| San Miguel, New Mexico | 2 | $ 150,000 | $ 75,000 | $ 87,000 |
| Pierce, Washington | 2 | $ 1,060,000 | $ 530,000 | $ 183,000 |
| Boulder, Colorado | 1 | $ 165,000 | $ 165,000 | $ 136,000 |
| Chaffee, Colorado | 1 | $ 485,000 | $ 485,000 | $ 171,000 |
| Gilpin, Colorado | 1 | $ 545,000 | $ 545,000 | $ 150,000 |
| Gunnison, Colorado | 1 | $ 505,000 | $ 505,000 | $ 292,000 |
| Lake, Colorado | 1 | $ 455,000 | $ 455,000 | $ 132,000 |
| Park, Colorado | 1 | $ 225,000 | $ 225,000 | $ 199,000 |
| Rio Grande, Colorado | 1 | $ 475,000 | $ 475,000 | $ 93,000 |
| Routt, Colorado | 1 | $ 1,005,000 | $ 1,005,000 | $ 365,000 |
| Manatee, Florida | 1 | $ 215,000 | $ 215,000 | $ 61,000 |
| Bonneville, Idaho | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Kootenai, Idaho | 1 | $ 345,000 | $ 345,000 | $ 0 |
| Fayette, Kentucky | 1 | $ 165,000 | $ 165,000 | $ 96,000 |
| Sarpy, Nebraska | 1 | $ 265,000 | $ 265,000 | $ 216,000 |
| Catawba, North Carolina | 1 | $ 115,000 | $ 115,000 | $ 63,000 |
| Wake, North Carolina | 1 | $ 275,000 | $ 275,000 | $ 282,000 |
| Cleveland, Oklahoma | 1 | $ 255,000 | $ 255,000 | $ 442,000 |
| Clackamas, Oregon | 1 | $ 475,000 | $ 475,000 | $ 95,000 |
| Douglas, Oregon | 1 | $ 205,000 | $ 205,000 | $ 58,000 |
| York, Pennsylvania | 1 | $ 245,000 | $ 245,000 | $ 130,000 |
| Lexington, South Carolina | 1 | $ 395,000 | $ 395,000 | $ 177,000 |
| Bell, Texas | 1 | $ 355,000 | $ 355,000 | $ 120,000 |
| Collin, Texas | 1 | $ 655,000 | $ 655,000 | $ 151,000 |
| Guadalupe, Texas | 1 | $ 135,000 | $ 135,000 | $ 101,000 |
| Harris, Texas | 1 | $ 235,000 | $ 235,000 | $ 83,000 |
| Randall, Texas | 1 | $ 445,000 | $ 445,000 | $ 134,000 |
| Washington, Utah | 1 | $ 305,000 | $ 305,000 | $ 102,000 |
| Fairfax, Virginia | 1 | $ 545,000 | $ 545,000 | $ 0 |
| Fredericksburg, Virginia | 1 | $ 265,000 | $ 265,000 | $ 172,000 |
| Loudoun, Virginia | 1 | $ 625,000 | $ 625,000 | $ 480,000 |
| Spokane, Washington | 1 | $ 315,000 | $ 315,000 | $ 57,000 |
| Milwaukee, Wisconsin | 1 | $ 135,000 | $ 135,000 | $ 146,000 |
Mortgage Loan Application Detail Totals for Farmers & Stockmens Bank in 2021
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 | 268 | $108,610,000 | $405,000 | $1,355,000 | $124,000 | $948,000 |
| Refinancing | 239 | $72,765,000 | $304,000 | $805,000 | $150,000 | $660,000 |
| Cash-out Refinancing | 144 | $50,080,000 | $347,000 | $2,755,000 | $129,000 | $720,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 499 | $177,695,000 | $356,000 | $2,755,000 | $141,000 | $948,000 |
| Not Provided | 55 | $20,125,000 | $365,000 | $685,000 | $133,000 | $348,000 |
| Hispanic | 47 | $13,365,000 | $284,000 | $785,000 | $92,000 | $250,000 |
| Asian | 23 | $8,605,000 | $374,000 | $545,000 | $99,000 | $264,000 |
| Black or African American | 22 | $8,850,000 | $402,000 | $805,000 | $100,000 | $323,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $1,050,000 | $525,000 | $675,000 | $117,000 | $122,000 |
| American Indian or Alaskan Native | 2 | $410,000 | $205,000 | $265,000 | $48,000 | $55,000 |
| Not applicable | 1 | $1,355,000 | $1,355,000 | $1,355,000 | $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) | 438 | $142,910,000 | $326,000 | $2,755,000 | $142,000 | $948,000 |
| VA-guaranteed (Veterans Administration) | 192 | $82,020,000 | $427,000 | $1,205,000 | $115,000 | $359,000 |
| FHA-insured (Federal Housing Administration) | 21 | $6,525,000 | $310,000 | $455,000 | $70,000 | $114,000 |
| 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 | 545 | $191,585,000 | $351,000 | $1,355,000 | $132,000 | $948,000 |
| Application Withdrawn By Applicant | 70 | $26,360,000 | $376,000 | $1,005,000 | $158,000 | $720,000 |
| File Closed For Incompleteness | 18 | $6,030,000 | $335,000 | $585,000 | $106,000 | $221,000 |
| Application Denied By Financial Institution | 13 | $6,115,000 | $470,000 | $2,755,000 | $112,000 | $272,000 |
| Application Approved But Not Accepted | 5 | $1,365,000 | $273,000 | $605,000 | $88,000 | $185,000 |
| 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 | 638 | $225,340,000 | $353,000 | $1,355,000 | $134,000 | $948,000 |
| Credit History | 5 | $1,665,000 | $333,000 | $565,000 | $81,000 | $141,000 |
| Debt-To-Income Ratio | 3 | $525,000 | $175,000 | $255,000 | $116,000 | $272,000 |
| Unverifiable Information | 2 | $3,050,000 | $1,525,000 | $2,755,000 | $133,000 | $200,000 |
| Collateral | 1 | $255,000 | $255,000 | $255,000 | $87,000 | $87,000 |
| Other | 1 | $155,000 | $155,000 | $155,000 | $137,000 | $137,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $465,000 | $465,000 | $465,000 | $180,000 | $180,000 |
| Mortgage Insurance Denied | 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 Farmers & Stockmens Bank's 2021 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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