Farmers & Merchants Bank Mortgage Lending & HMDA Data, 2009
In 2009, Farmers & Merchants Bank of Monticello, FL reported 296 mortgage applications totaling $37.6 million, down 16% from 2008. The average application was for $126,864, and applicants reported an average income of $86,243. 66% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Tallahassee, FL (187), Valdosta, GA (4) and Gainesville, 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 | 296 |
| Total Mortgage Loan Application Amount | $37,552,000 |
| Average Mortgage Loan Application Amount | $126,864 |
| Highest Mortgage Loan Application Amount | $600,000 |
| Average Applicant Income | $86,243 |
| Highest Applicant Income | $1,104,000 |
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(HMDA) records Farmers & Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 138 | $ 21,986,000 | $ 159,318 | $ 99,000 |
| Thomas, Georgia | 71 | $ 6,315,000 | $ 88,943 | $ 72,000 |
| Jefferson, Florida | 34 | $ 3,508,000 | $ 103,176 | $ 62,000 |
| Grady, Georgia | 14 | $ 1,275,000 | $ 91,071 | $ 85,000 |
| Gadsden, Florida | 10 | $ 1,530,000 | $ 153,000 | $ 72,000 |
| Wakulla, Florida | 5 | $ 777,000 | $ 155,400 | $ 93,000 |
| Madison, Florida | 4 | $ 280,000 | $ 70,000 | $ 110,000 |
| Franklin, Florida | 3 | $ 476,000 | $ 158,666 | $ 53,000 |
| Brooks, Georgia | 3 | $ 159,000 | $ 53,000 | $ 52,000 |
| Mitchell, Georgia | 3 | $ 144,000 | $ 48,000 | $ 188,000 |
| Walton, Florida | 2 | $ 310,000 | $ 155,000 | $ 184,000 |
| Columbia, Florida | 1 | $ 38,000 | $ 38,000 | $ 96,000 |
| Gilchrist, Florida | 1 | $ 109,000 | $ 109,000 | $ 100,000 |
| Jackson, Florida | 1 | $ 20,000 | $ 20,000 | $ 61,000 |
| Liberty, Florida | 1 | $ 73,000 | $ 73,000 | $ 125,000 |
| Santa Rosa, Florida | 1 | $ 300,000 | $ 300,000 | $ 67,000 |
| Taylor, Florida | 1 | $ 82,000 | $ 82,000 | $ 60,000 |
| Colquitt, Georgia | 1 | $ 18,000 | $ 18,000 | $ 40,000 |
| Lowndes, Georgia | 1 | $ 100,000 | $ 100,000 | $ 49,000 |
| Seminole, Georgia | 1 | $ 52,000 | $ 52,000 | $ 65,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants Bank in 2009
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 | 240 | $30,680,000 | $127,000 | $600,000 | $89,000 | $1,104,000 |
| Home Purchase | 52 | $6,765,000 | $130,000 | $453,000 | $71,000 | $240,000 |
| Home Improvement | 4 | $107,000 | $26,000 | $61,000 | $119,000 | $234,000 |
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 | 237 | $31,360,000 | $132,000 | $600,000 | $99,000 | $1,104,000 |
| Not applicable | 26 | $3,315,000 | $127,000 | $579,000 | $0 | $0 |
| Black or African American | 25 | $1,282,000 | $51,000 | $150,000 | $53,000 | $240,000 |
| Hispanic | 6 | $1,214,000 | $202,000 | $414,000 | $89,000 | $227,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $281,000 | $281,000 | $281,000 | $32,000 | $32,000 |
| American Indian or Alaskan Native | 1 | $100,000 | $100,000 | $100,000 | $128,000 | $128,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 281 | $35,060,000 | $124,000 | $600,000 | $88,000 | $1,104,000 |
| FHA-insured (Federal Housing Administration) | 15 | $2,492,000 | $166,000 | $270,000 | $62,000 | $103,000 |
| 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 | 196 | $21,178,000 | $108,000 | $600,000 | $92,000 | $1,104,000 |
| Application Approved But Not Accepted | 53 | $9,912,000 | $187,000 | $414,000 | $89,000 | $317,000 |
| Application Denied By Financial Institution | 34 | $4,196,000 | $123,000 | $320,000 | $57,000 | $240,000 |
| Application Withdrawn By Applicant | 11 | $1,980,000 | $180,000 | $257,000 | $71,000 | $230,000 |
| File Closed For Incompleteness | 2 | $286,000 | $143,000 | $150,000 | $66,000 | $72,000 |
| 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 | 9 | $1,499,000 | $166,000 | $281,000 | $52,000 | $150,000 |
| Collateral | 2 | $359,000 | $179,000 | $204,000 | $90,000 | $115,000 |
| Credit History | 2 | $299,000 | $149,000 | $150,000 | $42,000 | $50,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $52,000 | $52,000 | $52,000 | $47,000 | $47,000 |
| Other | 1 | $190,000 | $190,000 | $190,000 | $190,000 | $190,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers & Merchants Bank's 2009 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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