Farmers & Merchants Bank Mortgage Lending & HMDA Data, 2004
In 2004, Farmers & Merchants Bank of Lodi, CA reported 565 mortgage applications totaling $80.7 million, down 21% from 2003. The average application was for $142,805, and applicants reported an average income of $84,157. 73% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Stockton, CA (210), Modesto, CA (196) and Sacramento--Arden-Arcade--Roseville, CA (98) (applications in parentheses).
| Mortgage Company & Address | Farmers & Merchants Bank P. O. Box 3000 Lodi, CA 95241 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 565 |
| Total Mortgage Loan Application Amount | $80,685,000 |
| Average Mortgage Loan Application Amount | $142,805 |
| Highest Mortgage Loan Application Amount | $2,400,000 |
| Average Applicant Income | $84,157 |
| Highest Applicant Income | $5,017,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Farmers & Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| San Joaquin, California | 210 | $ 29,025,000 | $ 138,214 | $ 51,000 |
| Stanislaus, California | 196 | $ 23,811,000 | $ 121,484 | $ 59,000 |
| Sacramento, California | 93 | $ 12,269,000 | $ 131,924 | $ 77,000 |
| Merced, California | 35 | $ 6,889,000 | $ 196,828 | $ 55,000 |
| Calaveras, California | 14 | $ 2,072,000 | $ 148,000 | $ 34,000 |
| Amador, California | 3 | $ 387,000 | $ 129,000 | $ 132,000 |
| El Dorado, California | 3 | $ 928,000 | $ 309,333 | $ 302,000 |
| Tuolumne, California | 3 | $ 225,000 | $ 75,000 | $ 115,000 |
| Placer, California | 1 | $ 2,400,000 | $ 2,400,000 | $ 2,427,000 |
| Plumas, California | 1 | $ 700,000 | $ 700,000 | $ 1,059,000 |
| San Benito, California | 1 | $ 310,000 | $ 310,000 | $ 0 |
| San Mateo, California | 1 | $ 150,000 | $ 150,000 | $ 0 |
| Santa Cruz, California | 1 | $ 945,000 | $ 945,000 | $ 507,000 |
| Sonoma, California | 1 | $ 350,000 | $ 350,000 | $ 0 |
| Tulare, California | 1 | $ 69,000 | $ 69,000 | $ 86,000 |
| Yolo, California | 1 | $ 155,000 | $ 155,000 | $ 52,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants Bank in 2004
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 | 363 | $57,613,000 | $158,000 | $2,400,000 | $91,000 | $5,017,000 |
| Home Improvement | 162 | $13,046,000 | $80,000 | $350,000 | $38,000 | $194,000 |
| Home Purchase | 40 | $10,026,000 | $250,000 | $703,000 | $209,000 | $1,713,000 |
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 | 384 | $57,367,000 | $149,000 | $2,400,000 | $141,000 | $5,017,000 |
| Hispanic | 101 | $9,895,000 | $97,000 | $703,000 | $62,000 | $1,466,000 |
| Asian | 54 | $7,872,000 | $145,000 | $500,000 | $38,000 | $155,000 |
| Not applicable | 11 | $3,343,000 | $303,000 | $744,000 | $30,000 | $207,000 |
| American Indian or Alaskan Native | 5 | $676,000 | $135,000 | $200,000 | $46,000 | $78,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $632,000 | $126,000 | $250,000 | $21,000 | $72,000 |
| Black or African American | 4 | $735,000 | $183,000 | $297,000 | $70,000 | $140,000 |
| Not Provided | 1 | $165,000 | $165,000 | $165,000 | $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) | 565 | $80,685,000 | $142,000 | $2,400,000 | $90,000 | $5,017,000 |
| 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 | 411 | $59,921,000 | $145,000 | $1,875,000 | $107,000 | $5,017,000 |
| Application Denied By Financial Institution | 112 | $14,362,000 | $128,000 | $2,400,000 | $86,000 | $2,427,000 |
| Application Approved But Not Accepted | 24 | $3,180,000 | $132,000 | $400,000 | $38,000 | $907,000 |
| Application Withdrawn By Applicant | 13 | $2,146,000 | $165,000 | $334,000 | $80,000 | $472,000 |
| File Closed For Incompleteness | 5 | $1,076,000 | $215,000 | $350,000 | $130,000 | $270,000 |
| 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 | 64 | $8,131,000 | $127,000 | $340,000 | $47,000 | $118,000 |
| Credit History | 27 | $1,622,000 | $60,000 | $240,000 | $34,000 | $182,000 |
| Collateral | 11 | $3,451,000 | $313,000 | $2,400,000 | $282,000 | $2,427,000 |
| Other | 10 | $1,158,000 | $115,000 | $330,000 | $67,000 | $160,000 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers & Merchants Bank's 2004 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 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 California, download the full spreadsheet
with aggregated HMDA statistics today.
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