Farmers & Merchants Savings Bank Mortgage Lending & HMDA Data, 2015
In 2015, Farmers & Merchants Savings Bank of Manchester, IA reported 360 mortgage applications totaling $60.1 million, up 42% from 2014. The average application was for $166,852, and applicants reported an average income of $157,705. 92% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Cedar Rapids, IA (142), Minneapolis-St. Paul-Bloomington, MN-WI (34) and Des Moines-West Des Moines, IA (5) (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 | 360 |
| Total Mortgage Loan Application Amount | $60,067,000 |
| Average Mortgage Loan Application Amount | $166,852 |
| Highest Mortgage Loan Application Amount | $1,450,000 |
| Average Applicant Income | $157,705 |
| Highest Applicant Income | $2,487,000 |
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Farmers & Merchants Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Linn, Iowa | 106 | $ 16,531,000 | $ 155,952 | $ 109,000 |
| Wright, Iowa | 56 | $ 8,592,000 | $ 153,428 | $ 347,000 |
| Delaware, Iowa | 43 | $ 7,381,000 | $ 171,651 | $ 115,000 |
| Jones, Iowa | 31 | $ 3,479,000 | $ 112,225 | $ 82,000 |
| Ramsey, Minnesota | 12 | $ 1,460,000 | $ 121,666 | $ 26,000 |
| Anoka, Minnesota | 10 | $ 1,674,000 | $ 167,400 | $ 100,000 |
| Washington, Minnesota | 9 | $ 2,346,000 | $ 260,666 | $ 177,000 |
| Webster, Iowa | 7 | $ 1,026,000 | $ 146,571 | $ 16,000 |
| Benton, Iowa | 5 | $ 578,000 | $ 115,600 | $ 84,000 |
| Hancock, Iowa | 5 | $ 1,293,000 | $ 258,600 | $ 487,000 |
| Cerro Gordo, Iowa | 4 | $ 675,000 | $ 168,750 | $ 30,000 |
| Dubuque, Iowa | 4 | $ 408,000 | $ 102,000 | $ 78,000 |
| Kossuth, Iowa | 4 | $ 741,000 | $ 185,250 | $ 34,000 |
| Scott, Iowa | 4 | $ 206,000 | $ 51,500 | $ 139,000 |
| Clayton, Iowa | 3 | $ 505,000 | $ 168,333 | $ 109,000 |
| Polk, Iowa | 3 | $ 341,000 | $ 113,666 | $ 55,000 |
| Pine, Minnesota | 3 | $ 409,000 | $ 136,333 | $ 205,000 |
| Maricopa, Arizona | 2 | $ 544,000 | $ 272,000 | $ 342,000 |
| Cook, Illinois | 2 | $ 963,000 | $ 481,500 | $ 73,000 |
| Bremer, Iowa | 2 | $ 288,000 | $ 144,000 | $ 83,000 |
| Buchanan, Iowa | 2 | $ 760,000 | $ 380,000 | $ 156,000 |
| Hamilton, Iowa | 2 | $ 875,000 | $ 437,500 | $ 500,000 |
| Humboldt, Iowa | 2 | $ 103,000 | $ 51,500 | $ 51,000 |
| Johnson, Iowa | 2 | $ 305,000 | $ 152,500 | $ 26,000 |
| Isanti, Minnesota | 2 | $ 299,000 | $ 149,500 | $ 74,000 |
| Dallas, Texas | 2 | $ 614,000 | $ 307,000 | $ 290,000 |
| Pima, Arizona | 1 | $ 65,000 | $ 65,000 | $ 99,000 |
| Pinal, Arizona | 1 | $ 132,000 | $ 132,000 | $ 96,000 |
| Riverside, California | 1 | $ 250,000 | $ 250,000 | $ 211,000 |
| Denver, Colorado | 1 | $ 250,000 | $ 250,000 | $ 1,143,000 |
| Eagle, Colorado | 1 | $ 420,000 | $ 420,000 | $ 249,000 |
| Collier, Florida | 1 | $ 725,000 | $ 725,000 | $ 181,000 |
| Orange, Florida | 1 | $ 206,000 | $ 206,000 | $ 239,000 |
| Pinellas, Florida | 1 | $ 270,000 | $ 270,000 | $ 255,000 |
| LaPorte, Indiana | 1 | $ 120,000 | $ 120,000 | $ 23,000 |
| Morgan, Indiana | 1 | $ 143,000 | $ 143,000 | $ 104,000 |
| Allamakee, Iowa | 1 | $ 220,000 | $ 220,000 | $ 142,000 |
| Calhoun, Iowa | 1 | $ 378,000 | $ 378,000 | $ 163,000 |
| Dallas, Iowa | 1 | $ 255,000 | $ 255,000 | $ 247,000 |
| Dickinson, Iowa | 1 | $ 168,000 | $ 168,000 | $ 358,000 |
| Fayette, Iowa | 1 | $ 56,000 | $ 56,000 | $ 52,000 |
| Franklin, Iowa | 1 | $ 100,000 | $ 100,000 | $ 63,000 |
| Guthrie, Iowa | 1 | $ 100,000 | $ 100,000 | $ 375,000 |
| Iowa, Iowa | 1 | $ 206,000 | $ 206,000 | $ 0 |
| Jackson, Iowa | 1 | $ 189,000 | $ 189,000 | $ 79,000 |
| Tama, Iowa | 1 | $ 127,000 | $ 127,000 | $ 0 |
| Johnson, Kansas | 1 | $ 280,000 | $ 280,000 | $ 120,000 |
| Cass, Minnesota | 1 | $ 280,000 | $ 280,000 | $ 923,000 |
| Hennepin, Minnesota | 1 | $ 417,000 | $ 417,000 | $ 125,000 |
| Koochiching, Minnesota | 1 | $ 400,000 | $ 400,000 | $ 252,000 |
| St. Louis, Minnesota | 1 | $ 198,000 | $ 198,000 | $ 96,000 |
| Camden, Missouri | 1 | $ 82,000 | $ 82,000 | $ 100,000 |
| Douglas, Nebraska | 1 | $ 155,000 | $ 155,000 | $ 74,000 |
| Clark, Nevada | 1 | $ 387,000 | $ 387,000 | $ 244,000 |
| Eau Claire, Wisconsin | 1 | $ 292,000 | $ 292,000 | $ 139,000 |
| Juneau, Wisconsin | 1 | $ 40,000 | $ 40,000 | $ 42,000 |
| La Crosse, Wisconsin | 1 | $ 106,000 | $ 106,000 | $ 157,000 |
| Pepin, Wisconsin | 1 | $ 400,000 | $ 400,000 | $ 416,000 |
| Polk, Wisconsin | 1 | $ 254,000 | $ 254,000 | $ 193,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants Savings Bank in 2015
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 | 212 | $39,033,000 | $184,000 | $1,450,000 | $199,000 | $2,487,000 |
| Home Purchase | 138 | $20,557,000 | $148,000 | $750,000 | $102,000 | $1,143,000 |
| Home Improvement | 10 | $477,000 | $47,000 | $224,000 | $51,000 | $182,000 |
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 | 298 | $51,252,000 | $171,000 | $1,450,000 | $186,000 | $2,487,000 |
| Not applicable | 56 | $7,869,000 | $140,000 | $1,000,000 | $10,000 | $450,000 |
| Black or African American | 3 | $288,000 | $96,000 | $144,000 | $104,000 | $120,000 |
| Hispanic | 1 | $32,000 | $32,000 | $32,000 | $14,000 | $14,000 |
| American Indian or Alaskan Native | 1 | $420,000 | $420,000 | $420,000 | $249,000 | $249,000 |
| Asian | 1 | $206,000 | $206,000 | $206,000 | $239,000 | $239,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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 | $59,807,000 | $166,000 | $1,450,000 | $158,000 | $2,487,000 |
| FHA-insured (Federal Housing Administration) | 1 | $260,000 | $260,000 | $260,000 | $107,000 | $107,000 |
| 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 | 331 | $55,772,000 | $168,000 | $1,450,000 | $163,000 | $2,487,000 |
| Application Withdrawn By Applicant | 21 | $3,468,000 | $165,000 | $370,000 | $117,000 | $436,000 |
| Application Denied By Financial Institution | 7 | $714,000 | $102,000 | $220,000 | $57,000 | $110,000 |
| File Closed For Incompleteness | 1 | $113,000 | $113,000 | $113,000 | $70,000 | $70,000 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Other | 1 | $40,000 | $40,000 | $40,000 | $42,000 | $42,000 |
| 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 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers & Merchants Savings Bank's 2015 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.
For a list of all lenders in Iowa, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About