The Farmers & Merchants Bank Mortgage Lending & HMDA Data, 2017
In 2017, The Farmers & Merchants Bank of Stuttgart, AR reported 367 mortgage applications totaling $45.2 million, up 16% from 2016. The average application was for $123,144, and applicants reported an average income of $64,506. 62% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Fayetteville-Springdale-Rogers, AR-MO (118), Little Rock-North Little Rock-Conway, AR (36) and Pine Bluff, AR (5) (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 | 367 |
| Total Mortgage Loan Application Amount | $45,194,000 |
| Average Mortgage Loan Application Amount | $123,144 |
| Highest Mortgage Loan Application Amount | $3,830,000 |
| Average Applicant Income | $64,506 |
| Highest Applicant Income | $354,000 |
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records The Farmers & Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Fayetteville-Springdale-Rogers, AR-MO | 118 | $ 26,398,000 | $ 223,711 | $ 78,000 |
| Little Rock-North Little Rock-Conway, AR | 36 | $ 2,884,000 | $ 80,111 | $ 64,000 |
| Pine Bluff, AR | 5 | $ 393,000 | $ 78,600 | $ 138,000 |
| Hot Springs, AR | 2 | $ 175,000 | $ 87,500 | $ 0 |
| Jonesboro, AR | 1 | $ 153,000 | $ 153,000 | $ 96,000 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants Bank in 2017
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 | 219 | $27,139,000 | $123,000 | $3,300,000 | $64,000 | $354,000 |
| Refinancing | 85 | $9,667,000 | $113,000 | $567,000 | $61,000 | $350,000 |
| Home Improvement | 63 | $8,388,000 | $133,000 | $3,830,000 | $71,000 | $338,000 |
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 | 288 | $29,514,000 | $102,000 | $579,000 | $72,000 | $354,000 |
| Not applicable | 34 | $12,749,000 | $374,000 | $3,830,000 | $4,000 | $151,000 |
| Black or African American | 25 | $1,103,000 | $44,000 | $183,000 | $49,000 | $139,000 |
| Not Provided | 13 | $918,000 | $70,000 | $195,000 | $86,000 | $338,000 |
| Hispanic | 3 | $520,000 | $173,000 | $220,000 | $81,000 | $140,000 |
| American Indian or Alaskan Native | 2 | $157,000 | $78,000 | $118,000 | $46,000 | $51,000 |
| Asian | 2 | $233,000 | $116,000 | $132,000 | $55,000 | $56,000 |
| 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) | 359 | $44,352,000 | $123,000 | $3,830,000 | $65,000 | $354,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 8 | $842,000 | $105,000 | $188,000 | $37,000 | $59,000 |
| 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 | 229 | $32,611,000 | $142,000 | $3,830,000 | $66,000 | $354,000 |
| Application Denied By Financial Institution | 74 | $4,909,000 | $66,000 | $240,000 | $54,000 | $338,000 |
| Application Approved But Not Accepted | 39 | $4,970,000 | $127,000 | $436,000 | $84,000 | $301,000 |
| Application Withdrawn By Applicant | 25 | $2,704,000 | $108,000 | $487,000 | $58,000 | $155,000 |
| 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 | 35 | $1,793,000 | $51,000 | $200,000 | $47,000 | $225,000 |
| Debt-To-Income Ratio | 16 | $1,417,000 | $88,000 | $233,000 | $39,000 | $76,000 |
| Collateral | 6 | $378,000 | $63,000 | $200,000 | $86,000 | $144,000 |
| Unverifiable Information | 5 | $562,000 | $112,000 | $180,000 | $51,000 | $84,000 |
| Employment History | 4 | $330,000 | $82,000 | $240,000 | $74,000 | $209,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $226,000 | $75,000 | $176,000 | $53,000 | $70,000 |
| Credit Application Incomplete | 2 | $63,000 | $31,000 | $38,000 | $185,000 | $338,000 |
| Other | 1 | $46,000 | $46,000 | $46,000 | $70,000 | $70,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants Bank's 2017 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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