Farmers & Merchants Bank Mortgage Lending & HMDA Data, 2013
In 2013, Farmers & Merchants Bank of Monticello, FL reported 177 mortgage applications totaling $22.0 million, up 12% from 2012. The average application was for $124,514, and applicants reported an average income of $71,440. 73% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Tallahassee, FL (104), Valdosta, GA (3) and Atlanta-Sandy Springs-Marietta, GA (2) (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 | 177 |
| Total Mortgage Loan Application Amount | $22,039,000 |
| Average Mortgage Loan Application Amount | $124,514 |
| Highest Mortgage Loan Application Amount | $534,000 |
| Average Applicant Income | $71,440 |
| Highest Applicant Income | $718,000 |
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(HMDA) records Farmers & Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Tallahassee, FL | 104 | $ 14,468,000 | $ 139,115 | $ 82,000 |
| Valdosta, GA | 3 | $ 181,000 | $ 60,333 | $ 90,000 |
| Atlanta-Sandy Springs-Marietta, GA | 2 | $ 523,000 | $ 261,500 | $ 110,000 |
| Athens-Clarke County, GA | 1 | $ 72,000 | $ 72,000 | $ 25,000 |
| Columbus, GA-AL | 1 | $ 365,000 | $ 365,000 | $ 0 |
| Jacksonville, FL | 1 | $ 125,000 | $ 125,000 | $ 60,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 1 | $ 104,000 | $ 104,000 | $ 107,000 |
| Panama City-Lynn Haven-Panama City Beach, FL | 1 | $ 216,000 | $ 216,000 | $ 131,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants Bank in 2013
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 | 135 | $16,226,000 | $120,000 | $534,000 | $69,000 | $718,000 |
| Home Purchase | 36 | $5,032,000 | $139,000 | $500,000 | $85,000 | $410,000 |
| Home Improvement | 6 | $781,000 | $130,000 | $370,000 | $45,000 | $99,000 |
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 | 123 | $16,403,000 | $133,000 | $534,000 | $87,000 | $718,000 |
| Not applicable | 20 | $1,927,000 | $96,000 | $365,000 | $0 | $0 |
| Not Provided | 16 | $1,849,000 | $115,000 | $255,000 | $70,000 | $229,000 |
| Black or African American | 14 | $1,452,000 | $103,000 | $429,000 | $42,000 | $94,000 |
| Hispanic | 2 | $185,000 | $92,000 | $97,000 | $41,000 | $52,000 |
| Asian | 2 | $223,000 | $111,000 | $146,000 | $35,000 | $40,000 |
| 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) | 171 | $21,408,000 | $125,000 | $534,000 | $72,000 | $718,000 |
| FHA-insured (Federal Housing Administration) | 6 | $631,000 | $105,000 | $173,000 | $41,000 | $51,000 |
| 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 | 129 | $15,784,000 | $122,000 | $534,000 | $75,000 | $718,000 |
| Application Denied By Financial Institution | 31 | $3,785,000 | $122,000 | $384,000 | $52,000 | $147,000 |
| Application Withdrawn By Applicant | 15 | $2,270,000 | $151,000 | $328,000 | $87,000 | $229,000 |
| File Closed For Incompleteness | 1 | $173,000 | $173,000 | $173,000 | $47,000 | $47,000 |
| Application Approved But Not Accepted | 1 | $27,000 | $27,000 | $27,000 | $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 |
|---|---|---|---|---|---|---|
| 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 2013 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