The Farmers & Merchants Bank Mortgage Lending & HMDA Data, 2020
In 2020, The Farmers & Merchants Bank of Stuttgart, AR reported 825 mortgage applications totaling $120.7 million, up 77% from 2019. The average application was for $146,357, and applicants reported an average income of $88,141. 75% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Fayetteville-Springdale-Rogers, AR-MO (212), Jonesboro, AR (77) and Little Rock-North Little Rock-Conway, AR (38) (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 | 825 |
| Total Mortgage Loan Application Amount | $120,745,000 |
| Average Mortgage Loan Application Amount | $146,357 |
| Highest Mortgage Loan Application Amount | $3,005,000 |
| Average Applicant Income | $88,141 |
| Highest Applicant Income | $922,000 |
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records The Farmers & Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Washington, Arkansas | 161 | $ 38,735,000 | $ 240,590 | $ 103,000 |
| Baxter, Arkansas | 107 | $ 14,635,000 | $ 136,775 | $ 86,000 |
| Randolph, Arkansas | 107 | $ 9,425,000 | $ 88,084 | $ 61,000 |
| Arkansas, Arkansas | 90 | $ 10,120,000 | $ 112,444 | $ 87,000 |
| Craighead, Arkansas | 75 | $ 11,555,000 | $ 154,066 | $ 116,000 |
| Prairie, Arkansas | 65 | $ 5,065,000 | $ 77,923 | $ 68,000 |
| Benton, Arkansas | 49 | $ 9,995,000 | $ 203,979 | $ 96,000 |
| Conway, Arkansas | 17 | $ 1,995,000 | $ 117,352 | $ 72,000 |
| Lawrence, Arkansas | 15 | $ 795,000 | $ 53,000 | $ 62,000 |
| Pulaski, Arkansas | 14 | $ 4,620,000 | $ 330,000 | $ 299,000 |
| Marion, Arkansas | 12 | $ 1,100,000 | $ 91,666 | $ 64,000 |
| Izard, Arkansas | 11 | $ 1,665,000 | $ 151,363 | $ 90,000 |
| Lee, Arkansas | 9 | $ 655,000 | $ 72,777 | $ 51,000 |
| Perry, Arkansas | 9 | $ 485,000 | $ 53,888 | $ 68,000 |
| Garland, Arkansas | 8 | $ 1,420,000 | $ 177,500 | $ 152,000 |
| Lonoke, Arkansas | 8 | $ 840,000 | $ 105,000 | $ 80,000 |
| Fulton, Arkansas | 5 | $ 525,000 | $ 105,000 | $ 70,000 |
| Greene, Arkansas | 5 | $ 1,005,000 | $ 201,000 | $ 97,000 |
| White, Arkansas | 5 | $ 755,000 | $ 151,000 | $ 86,000 |
| Clay, Arkansas | 4 | $ 180,000 | $ 45,000 | $ 56,000 |
| Faulkner, Arkansas | 4 | $ 490,000 | $ 122,500 | $ 94,000 |
| Monroe, Arkansas | 4 | $ 220,000 | $ 55,000 | $ 52,000 |
| Saline, Arkansas | 3 | $ 265,000 | $ 88,333 | $ 181,000 |
| Searcy, Arkansas | 3 | $ 225,000 | $ 75,000 | $ 95,000 |
| Sharp, Arkansas | 3 | $ 325,000 | $ 108,333 | $ 56,000 |
| Woodruff, Arkansas | 3 | $ 95,000 | $ 31,666 | $ 49,000 |
| Cleburne, Arkansas | 2 | $ 190,000 | $ 95,000 | $ 54,000 |
| Jefferson, Arkansas | 2 | $ 250,000 | $ 125,000 | $ 130,000 |
| Madison, Arkansas | 2 | $ 370,000 | $ 185,000 | $ 93,000 |
| Mississippi, Arkansas | 2 | $ 420,000 | $ 210,000 | $ 178,000 |
| Poinsett, Arkansas | 2 | $ 180,000 | $ 90,000 | $ 67,000 |
| Sebastian, Arkansas | 2 | $ 160,000 | $ 80,000 | $ 0 |
| Carroll, Arkansas | 1 | $ 25,000 | $ 25,000 | $ 78,000 |
| Crawford, Arkansas | 1 | $ 165,000 | $ 165,000 | $ 91,000 |
| Cross, Arkansas | 1 | $ 25,000 | $ 25,000 | $ 137,000 |
| Franklin, Arkansas | 1 | $ 55,000 | $ 55,000 | $ 22,000 |
| Independence, Arkansas | 1 | $ 115,000 | $ 115,000 | $ 36,000 |
| Jackson, Arkansas | 1 | $ 55,000 | $ 55,000 | $ 29,000 |
| St. Francis, Arkansas | 1 | $ 75,000 | $ 75,000 | $ 52,000 |
| Van Buren, Arkansas | 1 | $ 45,000 | $ 45,000 | $ 95,000 |
| Jasper, Missouri | 1 | $ 105,000 | $ 105,000 | $ 55,000 |
| Pemiscot, Missouri | 1 | $ 135,000 | $ 135,000 | $ 45,000 |
| Taney, Missouri | 1 | $ 485,000 | $ 485,000 | $ 0 |
| Adair, Oklahoma | 1 | $ 75,000 | $ 75,000 | $ 50,000 |
| Tulsa, Oklahoma | 1 | $ 205,000 | $ 205,000 | $ 95,000 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants Bank in 2020
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 | 381 | $46,725,000 | $122,000 | $1,115,000 | $81,000 | $922,000 |
| Refinancing | 320 | $62,310,000 | $194,000 | $3,005,000 | $95,000 | $785,000 |
| Other Purpose | 52 | $3,060,000 | $58,000 | $405,000 | $98,000 | $742,000 |
| Cash-out Refinancing | 37 | $6,775,000 | $183,000 | $495,000 | $100,000 | $264,000 |
| Home Improvement | 35 | $1,875,000 | $53,000 | $245,000 | $76,000 | $401,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $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 | 588 | $75,080,000 | $127,000 | $1,705,000 | $89,000 | $922,000 |
| Not applicable | 127 | $30,405,000 | $239,000 | $3,005,000 | $0 | $0 |
| Not Provided | 38 | $6,590,000 | $173,000 | $555,000 | $94,000 | $264,000 |
| Hispanic | 34 | $4,410,000 | $129,000 | $405,000 | $82,000 | $790,000 |
| Black or African American | 24 | $1,840,000 | $76,000 | $325,000 | $57,000 | $178,000 |
| Asian | 7 | $1,645,000 | $235,000 | $515,000 | $196,000 | $571,000 |
| American Indian or Alaskan Native | 5 | $435,000 | $87,000 | $195,000 | $69,000 | $116,000 |
| 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) | 825 | $120,745,000 | $146,000 | $3,005,000 | $89,000 | $922,000 |
| 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 | 622 | $94,480,000 | $151,000 | $3,005,000 | $91,000 | $922,000 |
| Application Denied By Financial Institution | 104 | $11,540,000 | $110,000 | $535,000 | $60,000 | $262,000 |
| Application Withdrawn By Applicant | 74 | $11,410,000 | $154,000 | $555,000 | $118,000 | $790,000 |
| Application Approved But Not Accepted | 25 | $3,315,000 | $132,000 | $445,000 | $83,000 | $319,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 825 | $120,745,000 | $146,000 | $3,005,000 | $89,000 | $922,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants Bank's 2020 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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