Farmers & Merchants Bank Mortgage Lending & HMDA Data, 2011
In 2011, Farmers & Merchants Bank of Timberville, VA reported 418 mortgage applications totaling $71.8 million, down 21% from 2010. The average application was for $171,772, and applicants reported an average income of $73,813. 90% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Harrisonburg, VA (267), Washington-Arlington-Alexandria, DC-VA-MD-WV (9) and Winchester, VA-WV (3) (applications in parentheses).
| Mortgage Company & Address | Farmers & Merchants Bank Po Box 1111 Timberville, VA 22853 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 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 418 |
| Total Mortgage Loan Application Amount | $71,801,000 |
| Average Mortgage Loan Application Amount | $171,772 |
| Highest Mortgage Loan Application Amount | $675,000 |
| Average Applicant Income | $73,813 |
| Highest Applicant Income | $360,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Farmers & Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Rockingham, Virginia | 232 | $ 41,416,000 | $ 178,517 | $ 75,000 |
| Shenandoah, Virginia | 64 | $ 9,206,000 | $ 143,843 | $ 70,000 |
| Harrisonburg, Virginia | 35 | $ 6,424,000 | $ 183,542 | $ 73,000 |
| Augusta, Virginia | 29 | $ 5,107,000 | $ 176,103 | $ 57,000 |
| Page, Virginia | 17 | $ 2,406,000 | $ 141,529 | $ 69,000 |
| Hardy, West Virginia | 5 | $ 656,000 | $ 131,200 | $ 43,000 |
| Fairfax, Virginia | 3 | $ 910,000 | $ 303,333 | $ 171,000 |
| Loudoun, Virginia | 3 | $ 909,000 | $ 303,000 | $ 83,000 |
| Frederick, Virginia | 2 | $ 351,000 | $ 175,500 | $ 91,000 |
| Halifax, Virginia | 2 | $ 408,000 | $ 204,000 | $ 61,000 |
| Waynesboro, Virginia | 2 | $ 190,000 | $ 95,000 | $ 186,000 |
| Pendleton, West Virginia | 2 | $ 92,000 | $ 46,000 | $ 28,000 |
| Frederick, Maryland | 1 | $ 250,000 | $ 250,000 | $ 58,000 |
| Howard, Maryland | 1 | $ 242,000 | $ 242,000 | $ 70,000 |
| Bath, Virginia | 1 | $ 106,000 | $ 106,000 | $ 106,000 |
| Campbell, Virginia | 1 | $ 171,000 | $ 171,000 | $ 54,000 |
| Clarke, Virginia | 1 | $ 160,000 | $ 160,000 | $ 54,000 |
| Franklin, Virginia | 1 | $ 176,000 | $ 176,000 | $ 56,000 |
| Grayson, Virginia | 1 | $ 164,000 | $ 164,000 | $ 73,000 |
| Henry, Virginia | 1 | $ 144,000 | $ 144,000 | $ 174,000 |
| Lynchburg, Virginia | 1 | $ 234,000 | $ 234,000 | $ 128,000 |
| Montgomery, Virginia | 1 | $ 132,000 | $ 132,000 | $ 118,000 |
| Northampton, Virginia | 1 | $ 168,000 | $ 168,000 | $ 135,000 |
| Pittsylvania, Virginia | 1 | $ 178,000 | $ 178,000 | $ 72,000 |
| Prince William, Virginia | 1 | $ 161,000 | $ 161,000 | $ 66,000 |
| Rockbridge, Virginia | 1 | $ 210,000 | $ 210,000 | $ 34,000 |
| Stafford, Virginia | 1 | $ 5,000 | $ 5,000 | $ 18,000 |
| Staunton, Virginia | 1 | $ 214,000 | $ 214,000 | $ 87,000 |
| Virginia Beach, Virginia | 1 | $ 98,000 | $ 98,000 | $ 55,000 |
| Williamsburg, Virginia | 1 | $ 307,000 | $ 307,000 | $ 195,000 |
| Winchester, Virginia | 1 | $ 86,000 | $ 86,000 | $ 45,000 |
| Wythe, Virginia | 1 | $ 176,000 | $ 176,000 | $ 64,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants Bank in 2011
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 | 222 | $40,871,000 | $184,000 | $675,000 | $77,000 | $322,000 |
| Refinancing | 180 | $29,482,000 | $163,000 | $438,000 | $72,000 | $360,000 |
| Home Improvement | 16 | $1,448,000 | $90,000 | $255,000 | $50,000 | $150,000 |
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 | 385 | $65,781,000 | $170,000 | $675,000 | $74,000 | $360,000 |
| Not applicable | 12 | $1,462,000 | $121,000 | $180,000 | $0 | $0 |
| Hispanic | 8 | $1,400,000 | $175,000 | $344,000 | $138,000 | $315,000 |
| Black or African American | 6 | $1,171,000 | $195,000 | $417,000 | $83,000 | $234,000 |
| Not Provided | 4 | $1,055,000 | $263,000 | $420,000 | $151,000 | $299,000 |
| Asian | 2 | $523,000 | $261,000 | $263,000 | $84,000 | $86,000 |
| American Indian or Alaskan Native | 1 | $409,000 | $409,000 | $409,000 | $106,000 | $106,000 |
| 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) | 374 | $64,549,000 | $172,000 | $675,000 | $76,000 | $360,000 |
| FHA-insured (Federal Housing Administration) | 27 | $4,389,000 | $162,000 | $274,000 | $53,000 | $84,000 |
| VA-guaranteed (Veterans Administration) | 14 | $2,402,000 | $171,000 | $293,000 | $61,000 | $131,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $461,000 | $153,000 | $171,000 | $42,000 | $64,000 |
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 | 376 | $65,865,000 | $175,000 | $675,000 | $75,000 | $360,000 |
| Application Denied By Financial Institution | 23 | $3,262,000 | $141,000 | $304,000 | $73,000 | $253,000 |
| Application Withdrawn By Applicant | 14 | $2,030,000 | $145,000 | $291,000 | $50,000 | $115,000 |
| Application Approved But Not Accepted | 5 | $644,000 | $128,000 | $200,000 | $69,000 | $151,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers & Merchants Bank's 2011 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 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 Virginia, download the full spreadsheet
with aggregated HMDA statistics today.
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