Farmers & Merchants Bank Mortgage Lending & HMDA Data, 2017
In 2017, Farmers & Merchants Bank of Miamisburg, OH reported 63 mortgage applications totaling $8.8 million, up 2% from 2016. The average application was for $139,301, and applicants reported an average income of $98,857. 78% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Dayton, OH (51) and Cincinnati, OH-KY-IN (9).
| 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 | 63 |
| Total Mortgage Loan Application Amount | $8,776,000 |
| Average Mortgage Loan Application Amount | $139,301 |
| Highest Mortgage Loan Application Amount | $806,000 |
| Average Applicant Income | $98,857 |
| Highest Applicant Income | $497,000 |
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(HMDA) records Farmers & Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Farmers & Merchants Bank in 2017
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 | $6,032,000 | $167,000 | $806,000 | $114,000 | $497,000 |
| Refinancing | 19 | $2,362,000 | $124,000 | $345,000 | $76,000 | $286,000 |
| Home Improvement | 8 | $382,000 | $47,000 | $85,000 | $85,000 | $220,000 |
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 | 50 | $6,090,000 | $121,000 | $797,000 | $114,000 | $497,000 |
| Not applicable | 11 | $1,944,000 | $176,000 | $806,000 | $0 | $0 |
| Asian | 1 | $462,000 | $462,000 | $462,000 | $402,000 | $402,000 |
| Black or African American | 1 | $280,000 | $280,000 | $280,000 | $115,000 | $115,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 63 | $8,776,000 | $139,000 | $806,000 | $99,000 | $497,000 |
| 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 | 49 | $7,276,000 | $148,000 | $806,000 | $113,000 | $497,000 |
| Application Denied By Financial Institution | 9 | $1,145,000 | $127,000 | $300,000 | $51,000 | $115,000 |
| Application Withdrawn By Applicant | 5 | $355,000 | $71,000 | $100,000 | $51,000 | $83,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 3 | $380,000 | $126,000 | $280,000 | $55,000 | $115,000 |
| Debt-To-Income Ratio | 2 | $375,000 | $187,000 | $300,000 | $50,000 | $69,000 |
| Collateral | 2 | $297,000 | $148,000 | $257,000 | $81,000 | $83,000 |
| Unverifiable Information | 1 | $85,000 | $85,000 | $85,000 | $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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers & Merchants Bank's 2017 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 Ohio, download the full spreadsheet
with aggregated HMDA statistics today.
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