Farmers & Stockmens Bank Mortgage Lending & HMDA Data, 2013
In 2013, Farmers & Stockmens Bank of Clayton, NM reported 576 mortgage applications totaling $151.6 million, down 4% from 2012. The average application was for $263,250, and applicants reported an average income of $94,600. 69% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Colorado Springs, CO (527), Denver-Aurora-Broomfield, CO (8) and Pueblo, CO (5) (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 | 576 |
| Total Mortgage Loan Application Amount | $151,632,000 |
| Average Mortgage Loan Application Amount | $263,250 |
| Highest Mortgage Loan Application Amount | $874,000 |
| Average Applicant Income | $94,600 |
| Highest Applicant Income | $990,000 |
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(HMDA) records Farmers & Stockmens Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Colorado Springs, CO | 527 | $ 145,359,000 | $ 275,823 | $ 95,000 |
| Denver-Aurora-Broomfield, CO | 8 | $ 2,049,000 | $ 256,125 | $ 95,000 |
| Pueblo, CO | 5 | $ 707,000 | $ 141,400 | $ 55,000 |
| Greeley, CO | 2 | $ 415,000 | $ 207,500 | $ 65,000 |
| Boulder, CO | 1 | $ 250,000 | $ 250,000 | $ 50,000 |
| Fort Collins-Loveland, CO | 1 | $ 306,000 | $ 306,000 | $ 219,000 |
| Phoenix-Mesa-Glendale, AZ | 1 | $ 300,000 | $ 300,000 | $ 246,000 |
Mortgage Loan Application Detail Totals for Farmers & Stockmens Bank in 2013
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 | 438 | $120,583,000 | $275,000 | $686,000 | $102,000 | $990,000 |
| Refinancing | 124 | $29,592,000 | $238,000 | $874,000 | $70,000 | $360,000 |
| Home Improvement | 14 | $1,457,000 | $104,000 | $362,000 | $81,000 | $343,000 |
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 | 439 | $117,658,000 | $268,000 | $874,000 | $102,000 | $990,000 |
| Hispanic | 58 | $10,984,000 | $189,000 | $431,000 | $70,000 | $176,000 |
| Not Provided | 33 | $9,415,000 | $285,000 | $679,000 | $56,000 | $345,000 |
| Black or African American | 22 | $6,530,000 | $296,000 | $492,000 | $90,000 | $197,000 |
| Asian | 14 | $4,001,000 | $285,000 | $422,000 | $64,000 | $105,000 |
| American Indian or Alaskan Native | 4 | $1,570,000 | $392,000 | $571,000 | $110,000 | $133,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,039,000 | $259,000 | $302,000 | $92,000 | $224,000 |
| Not applicable | 2 | $435,000 | $217,000 | $285,000 | $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) | 316 | $71,241,000 | $225,000 | $679,000 | $100,000 | $990,000 |
| VA-guaranteed (Veterans Administration) | 204 | $67,703,000 | $331,000 | $874,000 | $93,000 | $392,000 |
| FHA-insured (Federal Housing Administration) | 56 | $12,688,000 | $226,000 | $410,000 | $68,000 | $292,000 |
| 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 | 399 | $107,719,000 | $269,000 | $874,000 | $99,000 | $990,000 |
| Application Approved But Not Accepted | 72 | $18,583,000 | $258,000 | $683,000 | $95,000 | $392,000 |
| File Closed For Incompleteness | 38 | $9,661,000 | $254,000 | $640,000 | $61,000 | $540,000 |
| Application Denied By Financial Institution | 35 | $7,194,000 | $205,000 | $679,000 | $60,000 | $205,000 |
| Application Withdrawn By Applicant | 32 | $8,475,000 | $264,000 | $417,000 | $109,000 | $312,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 2 | $218,000 | $109,000 | $150,000 | $51,000 | $72,000 |
| Debt-To-Income Ratio | 1 | $402,000 | $402,000 | $402,000 | $72,000 | $72,000 |
| Unverifiable Information | 1 | $160,000 | $160,000 | $160,000 | $35,000 | $35,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers & Stockmens Bank's 2013 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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