The Farmers & Merchants Bank Mortgage Lending & HMDA Data, 2015
In 2015, The Farmers & Merchants Bank of Stuttgart, AR reported 264 mortgage applications totaling $17.9 million, up 32% from 2014. The average application was for $67,950, and applicants reported an average income of $60,306. 56% of its applications resulted in an originated loan and 25% were denied. Its largest markets were Little Rock-North Little Rock-Conway, AR (24), Fayetteville-Springdale-Rogers, AR-MO (7) and Pine Bluff, AR (4) (applications in parentheses).
| Mortgage Company & Address | The Farmers & Merchants Bank 708 S Main St Stuttgart, AR 72160 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 |
| Total Number of Mortgage Applications | 264 |
| Total Mortgage Loan Application Amount | $17,939,000 |
| Average Mortgage Loan Application Amount | $67,950 |
| Highest Mortgage Loan Application Amount | $290,000 |
| Average Applicant Income | $60,306 |
| Highest Applicant Income | $540,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Farmers & Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Arkansas, Arkansas | 112 | $ 7,296,000 | $ 65,142 | $ 61,000 |
| Prairie, Arkansas | 45 | $ 2,746,000 | $ 61,022 | $ 52,000 |
| Conway, Arkansas | 24 | $ 1,685,000 | $ 70,208 | $ 57,000 |
| Lee, Arkansas | 16 | $ 745,000 | $ 46,562 | $ 55,000 |
| Monroe, Arkansas | 11 | $ 677,000 | $ 61,545 | $ 41,000 |
| Lonoke, Arkansas | 8 | $ 654,000 | $ 81,750 | $ 92,000 |
| Perry, Arkansas | 7 | $ 234,000 | $ 33,428 | $ 42,000 |
| Washington, Arkansas | 6 | $ 1,008,000 | $ 168,000 | $ 89,000 |
| White, Arkansas | 6 | $ 541,000 | $ 90,166 | $ 72,000 |
| Faulkner, Arkansas | 4 | $ 311,000 | $ 77,750 | $ 68,000 |
| Jefferson, Arkansas | 4 | $ 154,000 | $ 38,500 | $ 79,000 |
| Garland, Arkansas | 3 | $ 154,000 | $ 51,333 | $ 73,000 |
| Pulaski, Arkansas | 3 | $ 491,000 | $ 163,666 | $ 90,000 |
| Pope, Arkansas | 2 | $ 71,000 | $ 35,500 | $ 57,000 |
| Saline, Arkansas | 2 | $ 151,000 | $ 75,500 | $ 58,000 |
| Ashley, Arkansas | 1 | $ 47,000 | $ 47,000 | $ 183,000 |
| Benton, Arkansas | 1 | $ 111,000 | $ 111,000 | $ 63,000 |
| Desha, Arkansas | 1 | $ 40,000 | $ 40,000 | $ 33,000 |
| Johnson, Arkansas | 1 | $ 238,000 | $ 238,000 | $ 83,000 |
| Ouachita, Arkansas | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Phillips, Arkansas | 1 | $ 15,000 | $ 15,000 | $ 0 |
| Sebastian, Arkansas | 1 | $ 171,000 | $ 171,000 | $ 109,000 |
| St. Francis, Arkansas | 1 | $ 86,000 | $ 86,000 | $ 49,000 |
| Van Buren, Arkansas | 1 | $ 83,000 | $ 83,000 | $ 122,000 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants Bank in 2015
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 | 150 | $10,239,000 | $68,000 | $270,000 | $55,000 | $540,000 |
| Refinancing | 81 | $5,931,000 | $73,000 | $290,000 | $67,000 | $366,000 |
| Home Improvement | 33 | $1,769,000 | $53,000 | $245,000 | $68,000 | $215,000 |
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 | 201 | $14,499,000 | $72,000 | $290,000 | $62,000 | $366,000 |
| Not Provided | 26 | $1,413,000 | $54,000 | $124,000 | $56,000 | $366,000 |
| Black or African American | 19 | $873,000 | $45,000 | $171,000 | $75,000 | $540,000 |
| Hispanic | 8 | $410,000 | $51,000 | $119,000 | $37,000 | $56,000 |
| Not applicable | 7 | $356,000 | $50,000 | $97,000 | $17,000 | $125,000 |
| Asian | 2 | $138,000 | $69,000 | $75,000 | $8,000 | $17,000 |
| American Indian or Alaskan Native | 1 | $250,000 | $250,000 | $250,000 | $171,000 | $171,000 |
| 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) | 261 | $17,680,000 | $67,000 | $290,000 | $60,000 | $540,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $259,000 | $86,000 | $144,000 | $24,000 | $37,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 148 | $10,303,000 | $69,000 | $270,000 | $66,000 | $366,000 |
| Application Denied By Financial Institution | 66 | $4,771,000 | $72,000 | $290,000 | $47,000 | $540,000 |
| Application Approved But Not Accepted | 31 | $1,742,000 | $56,000 | $142,000 | $61,000 | $183,000 |
| Application Withdrawn By Applicant | 19 | $1,123,000 | $59,000 | $250,000 | $56,000 | $171,000 |
| File Closed For Incompleteness | 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 | 40 | $2,452,000 | $61,000 | $180,000 | $62,000 | $540,000 |
| Debt-To-Income Ratio | 12 | $1,276,000 | $106,000 | $290,000 | $26,000 | $105,000 |
| Collateral | 4 | $302,000 | $75,000 | $190,000 | $37,000 | $52,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $150,000 | $50,000 | $81,000 | $30,000 | $47,000 |
| Unverifiable Information | 3 | $147,000 | $49,000 | $100,000 | $18,000 | $43,000 |
| Credit Application Incomplete | 2 | $160,000 | $80,000 | $105,000 | $5,000 | $11,000 |
| Employment History | 1 | $209,000 | $209,000 | $209,000 | $20,000 | $20,000 |
| 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 The Farmers & Merchants Bank's 2015 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 The 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 Arkansas, download the full spreadsheet
with aggregated HMDA statistics today.
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