Farmers & Merchants Bank Mortgage Lending & HMDA Data, 2012
In 2012, Farmers & Merchants Bank of Monticello, FL reported 158 mortgage applications totaling $22.7 million, down 10% from 2011. The average application was for $143,784, and applicants reported an average income of $82,525. 72% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Tallahassee, FL (93), Atlanta-Sandy Springs-Marietta, GA (1) and Valdosta, GA (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 | 158 |
| Total Mortgage Loan Application Amount | $22,718,000 |
| Average Mortgage Loan Application Amount | $143,784 |
| Highest Mortgage Loan Application Amount | $2,097,000 |
| Average Applicant Income | $82,525 |
| Highest Applicant Income | $1,008,000 |
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(HMDA) records Farmers & Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 70 | $ 13,543,000 | $ 193,471 | $ 86,000 |
| Thomas, Georgia | 48 | $ 5,484,000 | $ 114,250 | $ 71,000 |
| Jefferson, Florida | 11 | $ 533,000 | $ 48,454 | $ 32,000 |
| Gadsden, Florida | 8 | $ 1,093,000 | $ 136,625 | $ 112,000 |
| Liberty, Florida | 5 | $ 292,000 | $ 58,400 | $ 281,000 |
| Wakulla, Florida | 4 | $ 306,000 | $ 76,500 | $ 72,000 |
| Grady, Georgia | 4 | $ 606,000 | $ 151,500 | $ 67,000 |
| Madison, Florida | 1 | $ 17,000 | $ 17,000 | $ 21,000 |
| Taylor, Florida | 1 | $ 78,000 | $ 78,000 | $ 123,000 |
| Walton, Florida | 1 | $ 236,000 | $ 236,000 | $ 1,000 |
| Brooks, Georgia | 1 | $ 43,000 | $ 43,000 | $ 35,000 |
| Cobb, Georgia | 1 | $ 31,000 | $ 31,000 | $ 113,000 |
| Colquitt, Georgia | 1 | $ 287,000 | $ 287,000 | $ 0 |
| Decatur, Georgia | 1 | $ 123,000 | $ 123,000 | $ 0 |
| Seminole, Georgia | 1 | $ 46,000 | $ 46,000 | $ 64,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants Bank in 2012
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 | 117 | $17,416,000 | $148,000 | $2,097,000 | $75,000 | $528,000 |
| Home Purchase | 39 | $5,141,000 | $131,000 | $590,000 | $94,000 | $1,008,000 |
| Home Improvement | 2 | $161,000 | $80,000 | $104,000 | $299,000 | $599,000 |
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 | 111 | $13,519,000 | $121,000 | $590,000 | $103,000 | $1,008,000 |
| Not applicable | 22 | $5,352,000 | $243,000 | $2,097,000 | $0 | $0 |
| Not Provided | 11 | $2,341,000 | $212,000 | $417,000 | $91,000 | $178,000 |
| Black or African American | 7 | $1,022,000 | $146,000 | $436,000 | $41,000 | $98,000 |
| Hispanic | 6 | $334,000 | $55,000 | $123,000 | $30,000 | $66,000 |
| Asian | 1 | $150,000 | $150,000 | $150,000 | $150,000 | $150,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 157 | $22,551,000 | $143,000 | $2,097,000 | $82,000 | $1,008,000 |
| FHA-insured (Federal Housing Administration) | 1 | $167,000 | $167,000 | $167,000 | $60,000 | $60,000 |
| 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 | 113 | $15,701,000 | $138,000 | $2,097,000 | $83,000 | $1,008,000 |
| Application Withdrawn By Applicant | 19 | $2,750,000 | $144,000 | $417,000 | $80,000 | $150,000 |
| Application Denied By Financial Institution | 15 | $2,327,000 | $155,000 | $336,000 | $48,000 | $124,000 |
| File Closed For Incompleteness | 9 | $1,812,000 | $201,000 | $358,000 | $148,000 | $304,000 |
| Application Approved But Not Accepted | 2 | $128,000 | $64,000 | $76,000 | $15,000 | $27,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 2012 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 Florida, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About