Farmers & Merchants Nat'l Bank Mortgage Lending & HMDA Data, 2009
In 2009, Farmers & Merchants Nat'l Bank of Ashland, NE reported 47 mortgage applications totaling $5.4 million, down 28% from 2008. The average application was for $115,297, and applicants reported an average income of $72,297. 64% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Omaha-Council Bluffs, NE-IA (39), Lincoln, NE (4) and San Antonio, TX (1) (applications in parentheses).
| Mortgage Company & Address | Farmers & Merchants Nat'l Bank 1501 Silver St Ashland, NE 68003 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 47 |
| Total Mortgage Loan Application Amount | $5,419,000 |
| Average Mortgage Loan Application Amount | $115,297 |
| Highest Mortgage Loan Application Amount | $604,000 |
| Average Applicant Income | $72,297 |
| Highest Applicant Income | $233,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Farmers & Merchants Nat'l Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Saunders, Nebraska | 30 | $ 3,279,000 | $ 109,300 | $ 62,000 |
| Cass, Nebraska | 7 | $ 418,000 | $ 59,714 | $ 84,000 |
| Lancaster, Nebraska | 3 | $ 326,000 | $ 108,666 | $ 62,000 |
| Dodge, Nebraska | 2 | $ 419,000 | $ 209,500 | $ 106,000 |
| Douglas, Nebraska | 2 | $ 213,000 | $ 106,500 | $ 47,000 |
| Page, Iowa | 1 | $ 50,000 | $ 50,000 | $ 112,000 |
| Seward, Nebraska | 1 | $ 604,000 | $ 604,000 | $ 215,000 |
| Atascosa, Texas | 1 | $ 110,000 | $ 110,000 | $ 126,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants Nat'l Bank in 2009
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 |
|---|---|---|---|---|---|---|
| Refinancing | 30 | $3,951,000 | $131,000 | $604,000 | $68,000 | $215,000 |
| Home Purchase | 12 | $857,000 | $71,000 | $160,000 | $89,000 | $233,000 |
| Home Improvement | 5 | $611,000 | $122,000 | $173,000 | $58,000 | $82,000 |
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 | 41 | $4,478,000 | $109,000 | $604,000 | $71,000 | $233,000 |
| Not Provided | 5 | $732,000 | $146,000 | $245,000 | $96,000 | $226,000 |
| Not applicable | 1 | $209,000 | $209,000 | $209,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 47 | $5,419,000 | $115,000 | $604,000 | $72,000 | $233,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 30 | $3,613,000 | $120,000 | $604,000 | $76,000 | $226,000 |
| Application Approved But Not Accepted | 10 | $1,072,000 | $107,000 | $150,000 | $62,000 | $233,000 |
| Application Denied By Financial Institution | 5 | $334,000 | $66,000 | $120,000 | $62,000 | $112,000 |
| Application Withdrawn By Applicant | 2 | $400,000 | $200,000 | $259,000 | $82,000 | $130,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 5 | $334,000 | $66,000 | $120,000 | $62,000 | $112,000 |
| 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 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers & Merchants Nat'l Bank's 2009 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 & Merchants Nat'l 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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