The Farmers & Merchants Bank Mortgage Lending & HMDA Data, 2022
In 2022, The Farmers & Merchants Bank of Stuttgart, AR reported 610 mortgage applications totaling $117.8 million, down 20% from 2021. The average application was for $193,147, and applicants reported an average income of $90,300. 72% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Fayetteville-Springdale-Rogers, AR-MO (107), Jonesboro, AR (49) and Little Rock-North Little Rock-Conway, AR (48) (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 | 610 |
| Total Mortgage Loan Application Amount | $117,820,000 |
| Average Mortgage Loan Application Amount | $193,147 |
| Highest Mortgage Loan Application Amount | $24,725,000 |
| Average Applicant Income | $90,300 |
| Highest Applicant Income | $1,154,000 |
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records The Farmers & Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Randolph, Arkansas | 120 | $ 11,730,000 | $ 97,750 | $ 63,000 |
| Washington, Arkansas | 83 | $ 20,525,000 | $ 247,289 | $ 109,000 |
| Arkansas, Arkansas | 79 | $ 7,455,000 | $ 94,367 | $ 88,000 |
| Prairie, Arkansas | 57 | $ 4,185,000 | $ 73,421 | $ 69,000 |
| Baxter, Arkansas | 56 | $ 7,030,000 | $ 125,535 | $ 62,000 |
| Craighead, Arkansas | 49 | $ 8,805,000 | $ 179,693 | $ 120,000 |
| Benton, Arkansas | 18 | $ 4,810,000 | $ 267,222 | $ 129,000 |
| Lawrence, Arkansas | 17 | $ 1,085,000 | $ 63,823 | $ 51,000 |
| Pulaski, Arkansas | 17 | $ 7,765,000 | $ 456,764 | $ 247,000 |
| Perry, Arkansas | 13 | $ 1,505,000 | $ 115,769 | $ 81,000 |
| Lonoke, Arkansas | 12 | $ 1,360,000 | $ 113,333 | $ 81,000 |
| Conway, Arkansas | 9 | $ 1,005,000 | $ 111,666 | $ 118,000 |
| Marion, Arkansas | 7 | $ 665,000 | $ 95,000 | $ 37,000 |
| Madison, Arkansas | 6 | $ 670,000 | $ 111,666 | $ 81,000 |
| Sharp, Arkansas | 6 | $ 600,000 | $ 100,000 | $ 97,000 |
| White, Arkansas | 6 | $ 1,120,000 | $ 186,666 | $ 135,000 |
| Faulkner, Arkansas | 5 | $ 1,355,000 | $ 271,000 | $ 193,000 |
| Fulton, Arkansas | 4 | $ 1,060,000 | $ 265,000 | $ 75,000 |
| Greene, Arkansas | 4 | $ 1,100,000 | $ 275,000 | $ 169,000 |
| Shelby, Tennessee | 4 | $ 1,610,000 | $ 402,500 | $ 0 |
| Garland, Arkansas | 3 | $ 1,895,000 | $ 631,666 | $ 263,000 |
| Izard, Arkansas | 3 | $ 465,000 | $ 155,000 | $ 56,000 |
| Boone, Arkansas | 2 | $ 260,000 | $ 130,000 | $ 38,000 |
| Clay, Arkansas | 2 | $ 80,000 | $ 40,000 | $ 62,000 |
| Cleburne, Arkansas | 2 | $ 430,000 | $ 215,000 | $ 269,000 |
| Crawford, Arkansas | 2 | $ 110,000 | $ 55,000 | $ 26,000 |
| Cross, Arkansas | 2 | $ 1,110,000 | $ 555,000 | $ 0 |
| Monroe, Arkansas | 2 | $ 140,000 | $ 70,000 | $ 90,000 |
| Van Buren, Arkansas | 2 | $ 80,000 | $ 40,000 | $ 77,000 |
| Newton, Missouri | 2 | $ 220,000 | $ 110,000 | $ 28,000 |
| Ripley, Missouri | 2 | $ 210,000 | $ 105,000 | $ 300,000 |
| Texas, Missouri | 2 | $ 240,000 | $ 120,000 | $ 271,000 |
| Carroll, Arkansas | 1 | $ 105,000 | $ 105,000 | $ 71,000 |
| Independence, Arkansas | 1 | $ 225,000 | $ 225,000 | $ 59,000 |
| Jefferson, Arkansas | 1 | $ 45,000 | $ 45,000 | $ 46,000 |
| Polk, Arkansas | 1 | $ 75,000 | $ 75,000 | $ 183,000 |
| Pope, Arkansas | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Saline, Arkansas | 1 | $ 255,000 | $ 255,000 | $ 288,000 |
| Woodruff, Arkansas | 1 | $ 35,000 | $ 35,000 | $ 34,000 |
| Barry, Missouri | 1 | $ 145,000 | $ 145,000 | $ 155,000 |
| Camden, Missouri | 1 | $ 895,000 | $ 895,000 | $ 0 |
| Jefferson, Missouri | 1 | $ 55,000 | $ 55,000 | $ 88,000 |
| Ozark, Missouri | 1 | $ 245,000 | $ 245,000 | $ 62,000 |
| Tulsa, Oklahoma | 1 | $ 24,725,000 | $ 24,725,000 | $ 0 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants Bank in 2022
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 | 310 | $78,110,000 | $251,000 | $24,725,000 | $97,000 | $1,154,000 |
| Refinancing | 186 | $32,360,000 | $173,000 | $1,785,000 | $87,000 | $651,000 |
| Other Purpose | 61 | $3,575,000 | $58,000 | $325,000 | $82,000 | $426,000 |
| Home Improvement | 42 | $1,890,000 | $45,000 | $215,000 | $71,000 | $177,000 |
| Cash-out Refinancing | 11 | $1,885,000 | $171,000 | $285,000 | $77,000 | $143,000 |
| 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 | 456 | $56,280,000 | $123,000 | $1,605,000 | $88,000 | $1,154,000 |
| Not applicable | 87 | $51,345,000 | $590,000 | $24,725,000 | $0 | $0 |
| Not Provided | 30 | $4,800,000 | $160,000 | $445,000 | $98,000 | $285,000 |
| Black or African American | 15 | $1,395,000 | $93,000 | $265,000 | $109,000 | $387,000 |
| Hispanic | 12 | $1,210,000 | $100,000 | $335,000 | $73,000 | $270,000 |
| American Indian or Alaskan Native | 3 | $595,000 | $198,000 | $295,000 | $79,000 | $108,000 |
| Asian | 3 | $495,000 | $165,000 | $285,000 | $94,000 | $187,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $55,000 | $55,000 | $55,000 | $71,000 | $71,000 |
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) | 610 | $117,820,000 | $193,000 | $24,725,000 | $90,000 | $1,154,000 |
| 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 | 441 | $97,645,000 | $221,000 | $24,725,000 | $99,000 | $1,154,000 |
| Application Denied By Financial Institution | 80 | $8,910,000 | $111,000 | $1,785,000 | $52,000 | $426,000 |
| Application Withdrawn By Applicant | 58 | $8,420,000 | $145,000 | $445,000 | $95,000 | $284,000 |
| Application Approved But Not Accepted | 30 | $2,550,000 | $85,000 | $405,000 | $71,000 | $283,000 |
| Loan Purchased By The Institution | 1 | $295,000 | $295,000 | $295,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 530 | $108,910,000 | $205,000 | $24,725,000 | $96,000 | $1,154,000 |
| Credit History | 42 | $2,730,000 | $65,000 | $275,000 | $50,000 | $426,000 |
| Debt-To-Income Ratio | 25 | $4,335,000 | $173,000 | $1,785,000 | $48,000 | $85,000 |
| Unverifiable Information | 8 | $1,380,000 | $172,000 | $325,000 | $79,000 | $204,000 |
| Collateral | 2 | $220,000 | $110,000 | $125,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $220,000 | $110,000 | $155,000 | $28,000 | $40,000 |
| Other | 1 | $25,000 | $25,000 | $25,000 | $62,000 | $62,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants Bank's 2022 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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