Farmers & Merchants Bank Mortgage Lending & HMDA Data, 2012
In 2012, Farmers & Merchants Bank of Timberville, VA reported 580 mortgage applications totaling $102.6 million, up 39% from 2011. The average application was for $176,967, and applicants reported an average income of $70,837. 91% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Harrisonburg, VA (387), Washington-Arlington-Alexandria, DC-VA-MD-WV (6) and Winchester, VA-WV (4) (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 | 580 |
| Total Mortgage Loan Application Amount | $102,641,000 |
| Average Mortgage Loan Application Amount | $176,967 |
| Highest Mortgage Loan Application Amount | $1,225,000 |
| Average Applicant Income | $70,837 |
| Highest Applicant Income | $1,096,000 |
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(HMDA) records Farmers & Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 295 | $ 52,854,000 | $ 179,166 | $ 70,000 |
| Harrisonburg, Virginia | 92 | $ 15,884,000 | $ 172,652 | $ 65,000 |
| Shenandoah, Virginia | 80 | $ 12,772,000 | $ 159,650 | $ 70,000 |
| Augusta, Virginia | 44 | $ 9,209,000 | $ 209,295 | $ 67,000 |
| Page, Virginia | 25 | $ 4,301,000 | $ 172,040 | $ 67,000 |
| Staunton, Virginia | 6 | $ 604,000 | $ 100,666 | $ 219,000 |
| Waynesboro, Virginia | 6 | $ 1,238,000 | $ 206,333 | $ 79,000 |
| Hardy, West Virginia | 6 | $ 754,000 | $ 125,666 | $ 62,000 |
| Frederick, Virginia | 4 | $ 733,000 | $ 183,250 | $ 79,000 |
| Amherst, Virginia | 2 | $ 280,000 | $ 140,000 | $ 55,000 |
| Middlesex, Virginia | 2 | $ 570,000 | $ 285,000 | $ 0 |
| Pittsylvania, Virginia | 2 | $ 375,000 | $ 187,500 | $ 66,000 |
| Prince William, Virginia | 2 | $ 637,000 | $ 318,500 | $ 145,000 |
| Albemarle, Virginia | 1 | $ 269,000 | $ 269,000 | $ 77,000 |
| Bedford, Virginia | 1 | $ 402,000 | $ 402,000 | $ 156,000 |
| Botetourt, Virginia | 1 | $ 180,000 | $ 180,000 | $ 0 |
| Clarke, Virginia | 1 | $ 85,000 | $ 85,000 | $ 41,000 |
| Fairfax, Virginia | 1 | $ 237,000 | $ 237,000 | $ 70,000 |
| Fauquier, Virginia | 1 | $ 251,000 | $ 251,000 | $ 88,000 |
| Goochland, Virginia | 1 | $ 91,000 | $ 91,000 | $ 31,000 |
| Hanover, Virginia | 1 | $ 160,000 | $ 160,000 | $ 51,000 |
| King William, Virginia | 1 | $ 79,000 | $ 79,000 | $ 24,000 |
| Manassas, Virginia | 1 | $ 83,000 | $ 83,000 | $ 126,000 |
| Mathews, Virginia | 1 | $ 300,000 | $ 300,000 | $ 241,000 |
| Nelson, Virginia | 1 | $ 76,000 | $ 76,000 | $ 63,000 |
| Rockbridge, Virginia | 1 | $ 110,000 | $ 110,000 | $ 24,000 |
| Pendleton, West Virginia | 1 | $ 107,000 | $ 107,000 | $ 98,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants Bank in 2012
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 |
|---|---|---|---|---|---|---|
| Refinancing | 296 | $54,179,000 | $183,000 | $1,225,000 | $76,000 | $1,096,000 |
| Home Purchase | 273 | $47,619,000 | $174,000 | $920,000 | $66,000 | $296,000 |
| Home Improvement | 11 | $843,000 | $76,000 | $180,000 | $52,000 | $97,000 |
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 | 527 | $90,740,000 | $172,000 | $417,000 | $74,000 | $1,096,000 |
| Not applicable | 24 | $7,476,000 | $311,000 | $1,225,000 | $0 | $0 |
| Hispanic | 13 | $1,859,000 | $143,000 | $277,000 | $64,000 | $152,000 |
| Black or African American | 7 | $1,200,000 | $171,000 | $276,000 | $66,000 | $166,000 |
| Not Provided | 6 | $908,000 | $151,000 | $302,000 | $106,000 | $178,000 |
| Asian | 2 | $305,000 | $152,000 | $239,000 | $59,000 | $61,000 |
| American Indian or Alaskan Native | 1 | $153,000 | $153,000 | $153,000 | $49,000 | $49,000 |
| 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) | 497 | $88,131,000 | $177,000 | $1,225,000 | $72,000 | $1,096,000 |
| FHA-insured (Federal Housing Administration) | 67 | $11,627,000 | $173,000 | $276,000 | $62,000 | $158,000 |
| VA-guaranteed (Veterans Administration) | 10 | $1,928,000 | $192,000 | $278,000 | $63,000 | $91,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $955,000 | $159,000 | $269,000 | $46,000 | $55,000 |
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 | 530 | $94,973,000 | $179,000 | $1,225,000 | $72,000 | $1,096,000 |
| Application Denied By Financial Institution | 32 | $4,916,000 | $153,000 | $407,000 | $52,000 | $141,000 |
| Application Withdrawn By Applicant | 12 | $1,866,000 | $155,000 | $296,000 | $46,000 | $130,000 |
| Application Approved But Not Accepted | 6 | $886,000 | $147,000 | $215,000 | $65,000 | $91,000 |
| 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 2012 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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