Farmers & Merchants Bank Mortgage Lending & HMDA Data, 2003
In 2003, Farmers & Merchants Bank of Miamisburg, OH reported 92 mortgage applications totaling $7.3 million. The average application was for $79,858, and applicants reported an average income of $71,413. 93% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Dayton-Springfield, OH (84) and Cincinnati, OH-KY-IN (6).
| Mortgage Company & Address | Farmers & Merchants Bank 41 South First Street Miamisburg, OH 45342 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 92 |
| Total Mortgage Loan Application Amount | $7,347,000 |
| Average Mortgage Loan Application Amount | $79,858 |
| Highest Mortgage Loan Application Amount | $329,000 |
| Average Applicant Income | $71,413 |
| Highest Applicant Income | $200,000 |
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(HMDA) records Farmers & Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Montgomery, Ohio | 81 | $ 6,059,000 | $ 74,802 | $ 59,000 |
| Warren, Ohio | 6 | $ 654,000 | $ 109,000 | $ 78,000 |
| Greene, Ohio | 3 | $ 304,000 | $ 101,333 | $ 81,000 |
| Clinton, Ohio | 1 | $ 303,000 | $ 303,000 | $ 80,000 |
| Preble, Ohio | 1 | $ 27,000 | $ 27,000 | $ 69,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants Bank in 2003
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 (home purchase or home improvement, one-to-four family) | 60 | $5,217,000 | $86,000 | $329,000 | $78,000 | $200,000 |
| Home Purchase (one-to-four family) | 18 | $1,738,000 | $96,000 | $300,000 | $56,000 | $141,000 |
| Home Improvement (one-to-four family) | 14 | $392,000 | $28,000 | $82,000 | $63,000 | $91,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 88 | $6,656,000 | $75,000 | $303,000 | $64,000 | $196,000 |
| Other | 2 | $335,000 | $167,000 | $169,000 | $200,000 | $200,000 |
| Not applicable | 1 | $329,000 | $329,000 | $329,000 | $0 | $0 |
| Hispanic | 1 | $27,000 | $27,000 | $27,000 | $57,000 | $57,000 |
| Information not provided by applicant in mail or telephone application | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian or Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black | 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) | 92 | $7,347,000 | $79,000 | $329,000 | $68,000 | $200,000 |
| 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 | 86 | $6,838,000 | $79,000 | $329,000 | $75,000 | $200,000 |
| Application Denied By Financial Institution | 4 | $404,000 | $101,000 | $267,000 | $55,000 | $96,000 |
| Application Withdrawn By Applicant | 1 | $104,000 | $104,000 | $104,000 | $101,000 | $101,000 |
| File Closed For Incompleteness | 1 | $1,000 | $1,000 | $1,000 | $14,000 | $14,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 2 | $294,000 | $147,000 | $267,000 | $82,000 | $96,000 |
| Employment History | 1 | $55,000 | $55,000 | $55,000 | $27,000 | $27,000 |
| Other | 1 | $55,000 | $55,000 | $55,000 | $29,000 | $29,000 |
| 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 |
| 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 2003 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.
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with aggregated HMDA statistics today.
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