The Farmers & Merchants Bank Mortgage Lending & HMDA Data, 2021
In 2021, The Farmers & Merchants Bank of Stuttgart, AR reported 759 mortgage applications totaling $130.8 million, down 8% from 2020. The average application was for $172,391, and applicants reported an average income of $92,125. 77% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Fayetteville-Springdale-Rogers, AR-MO (183), Jonesboro, AR (86) and Little Rock-North Little Rock-Conway, AR (32) (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 | 759 |
| Total Mortgage Loan Application Amount | $130,845,000 |
| Average Mortgage Loan Application Amount | $172,391 |
| Highest Mortgage Loan Application Amount | $10,915,000 |
| Average Applicant Income | $92,125 |
| Highest Applicant Income | $2,386,000 |
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records The Farmers & Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 147 | $ 28,815,000 | $ 196,020 | $ 87,000 |
| Randolph, Arkansas | 118 | $ 14,480,000 | $ 122,711 | $ 66,000 |
| Arkansas, Arkansas | 93 | $ 10,265,000 | $ 110,376 | $ 97,000 |
| Baxter, Arkansas | 83 | $ 11,975,000 | $ 144,277 | $ 86,000 |
| Craighead, Arkansas | 83 | $ 18,525,000 | $ 223,192 | $ 183,000 |
| Prairie, Arkansas | 63 | $ 5,355,000 | $ 85,000 | $ 66,000 |
| Benton, Arkansas | 34 | $ 17,580,000 | $ 517,058 | $ 112,000 |
| Lawrence, Arkansas | 24 | $ 1,590,000 | $ 66,250 | $ 63,000 |
| Conway, Arkansas | 13 | $ 1,355,000 | $ 104,230 | $ 90,000 |
| Lonoke, Arkansas | 11 | $ 2,065,000 | $ 187,727 | $ 116,000 |
| Marion, Arkansas | 10 | $ 1,900,000 | $ 190,000 | $ 74,000 |
| Perry, Arkansas | 9 | $ 825,000 | $ 91,666 | $ 91,000 |
| Pulaski, Arkansas | 8 | $ 7,040,000 | $ 880,000 | $ 111,000 |
| Cleburne, Arkansas | 6 | $ 710,000 | $ 118,333 | $ 227,000 |
| Fulton, Arkansas | 5 | $ 975,000 | $ 195,000 | $ 104,000 |
| Jefferson, Arkansas | 5 | $ 615,000 | $ 123,000 | $ 72,000 |
| Greene, Arkansas | 4 | $ 430,000 | $ 107,500 | $ 50,000 |
| Faulkner, Arkansas | 3 | $ 435,000 | $ 145,000 | $ 100,000 |
| Garland, Arkansas | 3 | $ 245,000 | $ 81,666 | $ 83,000 |
| Izard, Arkansas | 3 | $ 375,000 | $ 125,000 | $ 28,000 |
| Monroe, Arkansas | 3 | $ 155,000 | $ 51,666 | $ 61,000 |
| Poinsett, Arkansas | 3 | $ 735,000 | $ 245,000 | $ 134,000 |
| Sharp, Arkansas | 3 | $ 315,000 | $ 105,000 | $ 61,000 |
| McDonald, Missouri | 3 | $ 405,000 | $ 135,000 | $ 75,000 |
| Cross, Arkansas | 2 | $ 250,000 | $ 125,000 | $ 108,000 |
| Madison, Arkansas | 2 | $ 350,000 | $ 175,000 | $ 108,000 |
| Stone, Arkansas | 2 | $ 440,000 | $ 220,000 | $ 91,000 |
| White, Arkansas | 2 | $ 140,000 | $ 70,000 | $ 105,000 |
| Chicot, Arkansas | 1 | $ 45,000 | $ 45,000 | $ 39,000 |
| Lee, Arkansas | 1 | $ 25,000 | $ 25,000 | $ 18,000 |
| Logan, Arkansas | 1 | $ 235,000 | $ 235,000 | $ 65,000 |
| Miller, Arkansas | 1 | $ 65,000 | $ 65,000 | $ 45,000 |
| Mississippi, Arkansas | 1 | $ 275,000 | $ 275,000 | $ 67,000 |
| Saline, Arkansas | 1 | $ 95,000 | $ 95,000 | $ 52,000 |
| Sebastian, Arkansas | 1 | $ 325,000 | $ 325,000 | $ 0 |
| Van Buren, Arkansas | 1 | $ 115,000 | $ 115,000 | $ 56,000 |
| Woodruff, Arkansas | 1 | $ 205,000 | $ 205,000 | $ 169,000 |
| Teller, Colorado | 1 | $ 405,000 | $ 405,000 | $ 118,000 |
| Pemiscot, Missouri | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Adair, Oklahoma | 1 | $ 95,000 | $ 95,000 | $ 73,000 |
| Cherokee, Oklahoma | 1 | $ 15,000 | $ 15,000 | $ 84,000 |
| Oklahoma, Oklahoma | 1 | $ 545,000 | $ 545,000 | $ 478,000 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants Bank in 2021
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 | 365 | $58,885,000 | $161,000 | $2,675,000 | $90,000 | $748,000 |
| Refinancing | 272 | $60,960,000 | $224,000 | $10,915,000 | $101,000 | $2,386,000 |
| Other Purpose | 58 | $3,880,000 | $66,000 | $285,000 | $66,000 | $151,000 |
| Cash-out Refinancing | 35 | $5,575,000 | $159,000 | $395,000 | $97,000 | $517,000 |
| Home Improvement | 29 | $1,545,000 | $53,000 | $175,000 | $82,000 | $213,000 |
| 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 | 566 | $74,360,000 | $131,000 | $545,000 | $91,000 | $2,386,000 |
| Not applicable | 102 | $41,980,000 | $411,000 | $10,915,000 | $0 | $0 |
| Not Provided | 48 | $7,620,000 | $158,000 | $555,000 | $105,000 | $348,000 |
| Black or African American | 17 | $1,405,000 | $82,000 | $255,000 | $84,000 | $385,000 |
| Hispanic | 15 | $1,935,000 | $129,000 | $255,000 | $66,000 | $167,000 |
| Asian | 7 | $2,135,000 | $305,000 | $935,000 | $201,000 | $641,000 |
| American Indian or Alaskan Native | 2 | $290,000 | $145,000 | $255,000 | $119,000 | $151,000 |
| 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) | 759 | $130,845,000 | $172,000 | $10,915,000 | $92,000 | $2,386,000 |
| 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 | 583 | $108,715,000 | $186,000 | $10,915,000 | $97,000 | $2,386,000 |
| Application Denied By Financial Institution | 82 | $8,310,000 | $101,000 | $505,000 | $55,000 | $162,000 |
| Application Withdrawn By Applicant | 67 | $11,245,000 | $167,000 | $1,085,000 | $111,000 | $675,000 |
| Application Approved But Not Accepted | 27 | $2,575,000 | $95,000 | $545,000 | $71,000 | $478,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 677 | $122,535,000 | $180,000 | $10,915,000 | $97,000 | $2,386,000 |
| Credit History | 40 | $3,630,000 | $90,000 | $505,000 | $58,000 | $162,000 |
| Debt-To-Income Ratio | 29 | $3,955,000 | $136,000 | $315,000 | $49,000 | $138,000 |
| Employment History | 5 | $255,000 | $51,000 | $105,000 | $35,000 | $42,000 |
| Unverifiable Information | 4 | $290,000 | $72,000 | $235,000 | $68,000 | $114,000 |
| Collateral | 2 | $120,000 | $60,000 | $75,000 | $50,000 | $62,000 |
| Credit Application Incomplete | 1 | $35,000 | $35,000 | $35,000 | $151,000 | $151,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $25,000 | $25,000 | $25,000 | $70,000 | $70,000 |
| 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 2021 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.
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