Farmers & Merchants Bank Mortgage Lending & HMDA Data, 2003
In 2003, Farmers & Merchants Bank of Monticello, FL reported 225 mortgage applications totaling $22.2 million. The average application was for $98,622, and applicants reported an average income of $129,031. 92% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Tallahassee, FL (88), Panama City, FL (3) and Fort Lauderdale, FL (1) (applications in parentheses).
| Mortgage Company & Address | Farmers & Merchants Bank 200 E. Washington Street Monticello, FL 32344 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 225 |
| Total Mortgage Loan Application Amount | $22,190,000 |
| Average Mortgage Loan Application Amount | $98,622 |
| Highest Mortgage Loan Application Amount | $1,320,000 |
| Average Applicant Income | $129,031 |
| Highest Applicant Income | $2,500,000 |
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(HMDA) records Farmers & Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Leon, Florida | 81 | $ 10,153,000 | $ 125,345 | $ 59,000 |
| Thomas, Georgia | 52 | $ 3,526,000 | $ 67,807 | $ 79,000 |
| Jefferson, Florida | 45 | $ 2,564,000 | $ 56,977 | $ 44,000 |
| Madison, Florida | 15 | $ 769,000 | $ 51,266 | $ 46,000 |
| Gadsden, Florida | 7 | $ 462,000 | $ 66,000 | $ 54,000 |
| Bay, Florida | 3 | $ 1,145,000 | $ 381,666 | $ 307,000 |
| Franklin, Florida | 3 | $ 1,727,000 | $ 575,666 | $ 251,000 |
| Liberty, Florida | 3 | $ 109,000 | $ 36,333 | $ 60,000 |
| Gulf, Florida | 2 | $ 496,000 | $ 248,000 | $ 225,000 |
| Taylor, Florida | 2 | $ 39,000 | $ 19,500 | $ 41,000 |
| Wakulla, Florida | 2 | $ 94,000 | $ 47,000 | $ 31,000 |
| Decatur, Georgia | 2 | $ 247,000 | $ 123,500 | $ 167,000 |
| Grady, Georgia | 2 | $ 137,000 | $ 68,500 | $ 60,000 |
| Seminole, Georgia | 2 | $ 196,000 | $ 98,000 | $ 50,000 |
| Broward, Florida | 1 | $ 332,000 | $ 332,000 | $ 2,500,000 |
| Walton, Florida | 1 | $ 100,000 | $ 100,000 | $ 720,000 |
| Brooks, Georgia | 1 | $ 80,000 | $ 80,000 | $ 74,000 |
| Colquitt, Georgia | 1 | $ 14,000 | $ 14,000 | $ 36,000 |
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) | 114 | $9,662,000 | $80,000 | $530,000 | $117,000 | $2,500,000 |
| Home Purchase (one-to-four family) | 106 | $11,872,000 | $96,500 | $1,320,000 | $112,000 | $720,000 |
| Home Improvement (one-to-four family) | 4 | $216,000 | $37,500 | $187,000 | $55,000 | $168,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 1 | $440,000 | $440,000 | $440,000 | $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 | 185 | $16,213,000 | $80,500 | $800,000 | $148,000 | $2,500,000 |
| Black | 17 | $1,074,000 | $66,500 | $185,000 | $83,000 | $266,000 |
| Not applicable | 14 | $3,082,000 | $168,000 | $1,100,000 | $0 | $0 |
| Hispanic | 5 | $313,000 | $101,000 | $165,000 | $64,500 | $118,000 |
| American Indian or Alaskan Native | 2 | $103,000 | $51,000 | $58,000 | $58,000 | $75,000 |
| Asian or Pacific Islander | 1 | $1,320,000 | $1,320,000 | $1,320,000 | $403,000 | $403,000 |
| Other | 1 | $85,000 | $85,000 | $85,000 | $84,000 | $84,000 |
| Information not provided by applicant in mail or telephone application | 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) | 225 | $22,190,000 | $89,500 | $1,320,000 | $114,000 | $2,500,000 |
| 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 | 206 | $20,895,000 | $91,500 | $1,320,000 | $132,500 | $2,500,000 |
| Application Denied By Financial Institution | 15 | $989,000 | $81,500 | $225,000 | $57,500 | $120,000 |
| Application Withdrawn By Applicant | 4 | $306,000 | $76,000 | $125,000 | $61,000 | $74,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 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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