Farmers & Stockmens Bank Mortgage Lending & HMDA Data, 2020
In 2020, Farmers & Stockmens Bank of Clayton, NM reported 976 mortgage applications totaling $330.3 million, up 131% from 2019. The average application was for $338,370, and applicants reported an average income of $135,467. 85% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Colorado Springs, CO (712), Denver-Aurora-Lakewood, CO (121) and Pueblo, CO (20) (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 | 976 |
| Total Mortgage Loan Application Amount | $330,250,000 |
| Average Mortgage Loan Application Amount | $338,370 |
| Highest Mortgage Loan Application Amount | $1,755,000 |
| Average Applicant Income | $135,467 |
| Highest Applicant Income | $4,571,000 |
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(HMDA) records Farmers & Stockmens Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 712 | $ 239,830,000 | $ 336,839 | $ 116,000 |
| Denver-Aurora-Lakewood, CO | 121 | $ 45,165,000 | $ 373,264 | $ 154,000 |
| Outside any metro area | 57 | $ 18,665,000 | $ 327,456 | $ 237,872 |
| Pueblo, CO | 20 | $ 4,860,000 | $ 243,000 | $ 97,000 |
| Phoenix-Mesa-Scottsdale, AZ | 7 | $ 2,115,000 | $ 302,142 | $ 128,000 |
| Fort Collins, CO | 5 | $ 1,705,000 | $ 341,000 | $ 137,000 |
| Albuquerque, NM | 4 | $ 1,420,000 | $ 355,000 | $ 155,000 |
| Atlanta-Sandy Springs-Roswell, GA | 4 | $ 1,210,000 | $ 302,500 | $ 185,000 |
| Tacoma-Lakewood, WA | 4 | $ 1,930,000 | $ 482,500 | $ 129,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 4 | $ 2,230,000 | $ 557,500 | $ 232,000 |
| Boulder, CO | 3 | $ 805,000 | $ 268,333 | $ 113,000 |
| Greeley, CO | 3 | $ 1,025,000 | $ 341,666 | $ 116,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 735,000 | $ 245,000 | $ 89,000 |
| Fort Worth-Arlington, TX | 2 | $ 910,000 | $ 455,000 | $ 0 |
| Spokane-Spokane Valley, WA | 2 | $ 460,000 | $ 230,000 | $ 238,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 610,000 | $ 305,000 | $ 128,000 |
| Anchorage, AK | 1 | $ 255,000 | $ 255,000 | $ 128,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 415,000 | $ 415,000 | $ 85,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 215,000 | $ 215,000 | $ 77,000 |
| Charlottesville, VA | 1 | $ 435,000 | $ 435,000 | $ 0 |
| Cheyenne, WY | 1 | $ 255,000 | $ 255,000 | $ 129,000 |
| Clarksville, TN-KY | 1 | $ 295,000 | $ 295,000 | $ 165,000 |
| Coeur D'Alene, ID | 1 | $ 355,000 | $ 355,000 | $ 0 |
| Columbus, GA-AL | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 335,000 | $ 335,000 | $ 142,000 |
| Dallas-Plano-Irving, TX | 1 | $ 385,000 | $ 385,000 | $ 136,000 |
| Fairbanks, AK | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Kansas City, MO-KS | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Lexington-Fayette, KY | 1 | $ 165,000 | $ 165,000 | $ 96,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Manhattan, KS | 1 | $ 245,000 | $ 245,000 | $ 66,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 345,000 | $ 345,000 | $ 178,000 |
| San Antonio-New Braunfels, TX | 1 | $ 265,000 | $ 265,000 | $ 119,000 |
| Savannah, GA | 1 | $ 285,000 | $ 285,000 | $ 106,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 515,000 | $ 515,000 | $ 162,000 |
| Sierra Vista-Douglas, AZ | 1 | $ 125,000 | $ 125,000 | $ 38,000 |
| St. George, UT | 1 | $ 225,000 | $ 225,000 | $ 121,000 |
| Staunton-Waynesboro, VA | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Washington-Baltimore-Arlington, DC | 1 | $ 345,000 | $ 345,000 | $ 168,000 |
Mortgage Loan Application Detail Totals for Farmers & Stockmens Bank in 2020
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 | 414 | $145,980,000 | $352,000 | $935,000 | $110,000 | $409,000 |
| Refinancing | 413 | $133,575,000 | $323,000 | $1,605,000 | $159,000 | $4,571,000 |
| Cash-out Refinancing | 149 | $50,695,000 | $340,000 | $1,755,000 | $141,000 | $660,000 |
| 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 | 733 | $246,945,000 | $336,000 | $1,605,000 | $138,000 | $4,571,000 |
| Hispanic | 96 | $29,100,000 | $303,000 | $815,000 | $85,000 | $275,000 |
| Not Provided | 73 | $25,555,000 | $350,000 | $765,000 | $147,000 | $762,000 |
| Asian | 35 | $12,005,000 | $343,000 | $545,000 | $83,000 | $263,000 |
| Black or African American | 27 | $8,935,000 | $330,000 | $565,000 | $95,000 | $183,000 |
| Not applicable | 8 | $6,540,000 | $817,000 | $1,755,000 | $0 | $0 |
| American Indian or Alaskan Native | 2 | $500,000 | $250,000 | $265,000 | $96,000 | $134,000 |
| 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) | 528 | $164,870,000 | $312,000 | $1,755,000 | $146,000 | $4,571,000 |
| VA-guaranteed (Veterans Administration) | 412 | $153,700,000 | $373,000 | $985,000 | $106,000 | $387,000 |
| FHA-insured (Federal Housing Administration) | 35 | $10,775,000 | $307,000 | $545,000 | $84,000 | $206,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $905,000 | $905,000 | $905,000 | $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 | 825 | $278,165,000 | $337,000 | $1,755,000 | $130,000 | $4,571,000 |
| Application Withdrawn By Applicant | 119 | $41,415,000 | $348,000 | $1,605,000 | $135,000 | $762,000 |
| File Closed For Incompleteness | 12 | $3,920,000 | $326,000 | $505,000 | $86,000 | $138,000 |
| Application Denied By Financial Institution | 12 | $4,170,000 | $347,000 | $815,000 | $128,000 | $358,000 |
| Application Approved But Not Accepted | 8 | $2,580,000 | $322,000 | $555,000 | $117,000 | $165,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 976 | $330,250,000 | $338,000 | $1,755,000 | $130,000 | $4,571,000 |
| 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 |
| Not applicable | 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 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers & Stockmens Bank's 2020 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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