Farmers & Merchants Nat'l Bank Mortgage Lending & HMDA Data, 2008
In 2008, Farmers & Merchants Nat'l Bank of Ashland, NE reported 65 mortgage applications totaling $10.8 million, up 35% from 2007. The average application was for $166,692, and applicants reported an average income of $151,092. 82% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Omaha-Council Bluffs, NE-IA (57), Lincoln, NE (5) and Colorado Springs, CO (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 | 65 |
| Total Mortgage Loan Application Amount | $10,835,000 |
| Average Mortgage Loan Application Amount | $166,692 |
| Highest Mortgage Loan Application Amount | $868,000 |
| Average Applicant Income | $151,092 |
| Highest Applicant Income | $3,856,000 |
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records Farmers & Merchants Nat'l Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Omaha-Council Bluffs, NE-IA | 57 | $ 8,666,000 | $ 152,035 | $ 159,000 |
| Lincoln, NE | 5 | $ 1,423,000 | $ 284,600 | $ 51,000 |
| Colorado Springs, CO | 1 | $ 105,000 | $ 105,000 | $ 74,000 |
| San Antonio, TX | 1 | $ 340,000 | $ 340,000 | $ 90,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants Nat'l Bank in 2008
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 | 40 | $7,324,000 | $183,000 | $868,000 | $80,000 | $784,000 |
| Home Purchase | 21 | $3,348,000 | $159,000 | $417,000 | $309,000 | $3,856,000 |
| Home Improvement | 4 | $163,000 | $40,000 | $130,000 | $33,000 | $58,000 |
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 | 61 | $9,257,000 | $151,000 | $575,000 | $147,000 | $3,856,000 |
| Not applicable | 2 | $688,000 | $344,000 | $590,000 | $0 | $0 |
| Not Provided | 1 | $868,000 | $868,000 | $868,000 | $784,000 | $784,000 |
| Black or African American | 1 | $22,000 | $22,000 | $22,000 | $50,000 | $50,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
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) | 65 | $10,835,000 | $166,000 | $868,000 | $151,000 | $3,856,000 |
| 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 | $8,579,000 | $161,000 | $590,000 | $159,000 | $3,856,000 |
| Application Approved But Not Accepted | 6 | $653,000 | $108,000 | $158,000 | $65,000 | $104,000 |
| Application Denied By Financial Institution | 4 | $1,104,000 | $276,000 | $868,000 | $215,000 | $784,000 |
| Application Withdrawn By Applicant | 1 | $75,000 | $75,000 | $75,000 | $0 | $0 |
| File Closed For Incompleteness | 1 | $424,000 | $424,000 | $424,000 | $143,000 | $143,000 |
| 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 | 3 | $1,070,000 | $356,000 | $868,000 | $278,000 | $784,000 |
| Credit History | 1 | $34,000 | $34,000 | $34,000 | $28,000 | $28,000 |
| 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers & Merchants Nat'l Bank's 2008 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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