Farmers & Merchants Savings Bank Mortgage Lending & HMDA Data, 2025
In 2025, Farmers & Merchants Savings Bank of Manchester, IA reported 104 mortgage applications totaling $26.5 million, down 9% from 2024. The average application was for $255,192, and applicants reported an average income of $168,105. 83% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Cedar Rapids, IA (38), Minneapolis-St. Paul-Bloomington, MN-WI (21) and Dubuque, IA (4) (applications in parentheses).
| Mortgage Company & Address | Farmers & Merchants Savings Bank Po Box 588 101 E Main St Manchester, IA 52057 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 2003 |
| Total Number of Mortgage Applications | 104 |
| Total Mortgage Loan Application Amount | $26,540,000 |
| Average Mortgage Loan Application Amount | $255,192 |
| Highest Mortgage Loan Application Amount | $1,655,000 |
| Average Applicant Income | $168,105 |
| Highest Applicant Income | $714,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Farmers & Merchants Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Jones, Iowa | 21 | $ 3,745,000 | $ 178,333 | $ 135,000 |
| Delaware, Iowa | 14 | $ 3,340,000 | $ 238,571 | $ 151,000 |
| Linn, Iowa | 14 | $ 2,340,000 | $ 167,142 | $ 134,000 |
| Ramsey, Minnesota | 7 | $ 2,615,000 | $ 373,571 | $ 162,000 |
| Dubuque, Iowa | 4 | $ 860,000 | $ 215,000 | $ 122,000 |
| Benton, Iowa | 3 | $ 785,000 | $ 261,666 | $ 224,000 |
| Anoka, Minnesota | 3 | $ 755,000 | $ 251,666 | $ 236,000 |
| Chisago, Minnesota | 3 | $ 725,000 | $ 241,666 | $ 168,000 |
| Hennepin, Minnesota | 3 | $ 1,295,000 | $ 431,666 | $ 199,000 |
| Washington, Minnesota | 3 | $ 735,000 | $ 245,000 | $ 84,000 |
| Maricopa, Arizona | 2 | $ 1,400,000 | $ 700,000 | $ 389,000 |
| Charlotte, Florida | 2 | $ 660,000 | $ 330,000 | $ 555,000 |
| Cook, Illinois | 2 | $ 410,000 | $ 205,000 | $ 186,000 |
| Clayton, Iowa | 2 | $ 400,000 | $ 200,000 | $ 240,000 |
| Polk, Iowa | 2 | $ 760,000 | $ 380,000 | $ 243,000 |
| Crow Wing, Minnesota | 2 | $ 420,000 | $ 210,000 | $ 171,000 |
| Stearns, Minnesota | 2 | $ 410,000 | $ 205,000 | $ 0 |
| Riverside, California | 1 | $ 375,000 | $ 375,000 | $ 170,000 |
| Lee, Florida | 1 | $ 275,000 | $ 275,000 | $ 191,000 |
| Buchanan, Iowa | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Fayette, Iowa | 1 | $ 305,000 | $ 305,000 | $ 93,000 |
| Iowa, Iowa | 1 | $ 405,000 | $ 405,000 | $ 0 |
| Marion, Iowa | 1 | $ 355,000 | $ 355,000 | $ 96,000 |
| Scott, Iowa | 1 | $ 355,000 | $ 355,000 | $ 127,000 |
| Washington, Iowa | 1 | $ 335,000 | $ 335,000 | $ 145,000 |
| Dakota, Minnesota | 1 | $ 415,000 | $ 415,000 | $ 0 |
| Itasca, Minnesota | 1 | $ 25,000 | $ 25,000 | $ 60,000 |
| Pine, Minnesota | 1 | $ 395,000 | $ 395,000 | $ 0 |
| Todd, Minnesota | 1 | $ 75,000 | $ 75,000 | $ 55,000 |
| Cabarrus, North Carolina | 1 | $ 265,000 | $ 265,000 | $ 279,000 |
| Douglas, Wisconsin | 1 | $ 425,000 | $ 425,000 | $ 337,000 |
| St. Croix, Wisconsin | 1 | $ 655,000 | $ 655,000 | $ 214,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants Savings Bank in 2025
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 | 61 | $17,995,000 | $295,000 | $1,155,000 | $184,000 | $714,000 |
| Cash-out Refinancing | 18 | $3,020,000 | $167,000 | $445,000 | $155,000 | $555,000 |
| Refinancing | 17 | $4,805,000 | $282,000 | $1,655,000 | $140,000 | $352,000 |
| Home Improvement | 7 | $695,000 | $99,000 | $405,000 | $145,000 | $368,000 |
| Other Purpose | 1 | $25,000 | $25,000 | $25,000 | $74,000 | $74,000 |
| 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 | 83 | $19,825,000 | $238,000 | $1,155,000 | $171,000 | $714,000 |
| Not applicable | 17 | $6,005,000 | $353,000 | $1,655,000 | $0 | $0 |
| Asian | 3 | $545,000 | $181,000 | $245,000 | $91,000 | $107,000 |
| Not Provided | 1 | $165,000 | $165,000 | $165,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 104 | $26,540,000 | $255,000 | $1,655,000 | $168,000 | $714,000 |
| 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 | 86 | $21,720,000 | $252,000 | $1,655,000 | $175,000 | $714,000 |
| Application Withdrawn By Applicant | 8 | $1,920,000 | $240,000 | $545,000 | $163,000 | $313,000 |
| Application Denied By Financial Institution | 5 | $1,325,000 | $265,000 | $575,000 | $89,000 | $186,000 |
| Application Approved But Not Accepted | 4 | $1,150,000 | $287,000 | $375,000 | $136,000 | $179,000 |
| File Closed For Incompleteness | 1 | $425,000 | $425,000 | $425,000 | $205,000 | $205,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 104 | $26,540,000 | $255,000 | $1,655,000 | $168,000 | $714,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers & Merchants Savings Bank's 2025 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 Savings 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.
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with aggregated HMDA statistics today.
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