Farmers & Merchants Nat'l Bank Mortgage Lending & HMDA Data, 2006
In 2006, Farmers & Merchants Nat'l Bank of Ashland, NE reported 60 mortgage applications totaling $5.3 million, up 25% from 2005. The average application was for $89,150, and applicants reported an average income of $44,133. 88% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Omaha-Council Bluffs, NE-IA (56) and Lincoln, NE (3).
| 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 | 60 |
| Total Mortgage Loan Application Amount | $5,349,000 |
| Average Mortgage Loan Application Amount | $89,150 |
| Highest Mortgage Loan Application Amount | $230,000 |
| Average Applicant Income | $44,133 |
| Highest Applicant Income | $199,000 |
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records Farmers & Merchants Nat'l Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 32 | $ 1,971,000 | $ 61,593 | $ 52,000 |
| Douglas, Nebraska | 10 | $ 1,205,000 | $ 120,500 | $ 3,000 |
| Sarpy, Nebraska | 8 | $ 1,102,000 | $ 137,750 | $ 37,000 |
| Cass, Nebraska | 6 | $ 567,000 | $ 94,500 | $ 67,000 |
| Lancaster, Nebraska | 3 | $ 304,000 | $ 101,333 | $ 66,000 |
| Montgomery, Iowa | 1 | $ 200,000 | $ 200,000 | $ 62,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants Nat'l Bank in 2006
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 | 36 | $3,308,000 | $91,000 | $200,000 | $35,000 | $199,000 |
| Refinancing | 23 | $2,031,000 | $88,000 | $230,000 | $56,000 | $102,000 |
| Home Improvement | 1 | $10,000 | $10,000 | $10,000 | $100,000 | $100,000 |
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 | 42 | $3,280,000 | $78,000 | $230,000 | $62,000 | $199,000 |
| Not applicable | 17 | $1,956,000 | $115,000 | $195,000 | $0 | $0 |
| Hispanic | 1 | $113,000 | $113,000 | $113,000 | $29,000 | $29,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $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 |
| Not Provided | 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) | 60 | $5,349,000 | $89,000 | $230,000 | $44,000 | $199,000 |
| 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 | 53 | $4,606,000 | $86,000 | $230,000 | $45,000 | $199,000 |
| Application Approved But Not Accepted | 3 | $322,000 | $107,000 | $148,000 | $30,000 | $42,000 |
| Application Denied By Financial Institution | 3 | $339,000 | $113,000 | $180,000 | $32,000 | $55,000 |
| Application Withdrawn By Applicant | 1 | $82,000 | $82,000 | $82,000 | $54,000 | $54,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 2 | $159,000 | $79,000 | $113,000 | $21,000 | $29,000 |
| Debt-To-Income Ratio | 1 | $180,000 | $180,000 | $180,000 | $55,000 | $55,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers & Merchants Nat'l Bank's 2006 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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