Farmers & Merchants Savings Bank Mortgage Lending & HMDA Data, 2021
In 2021, Farmers & Merchants Savings Bank of Manchester, IA reported 386 mortgage applications totaling $81.5 million, down 24% from 2020. The average application was for $211,088, and applicants reported an average income of $135,839. 96% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Cedar Rapids, IA (128), Minneapolis-St. Paul-Bloomington, MN-WI (106) and Dubuque, IA (9) (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 | 386 |
| Total Mortgage Loan Application Amount | $81,480,000 |
| Average Mortgage Loan Application Amount | $211,088 |
| Highest Mortgage Loan Application Amount | $1,255,000 |
| Average Applicant Income | $135,839 |
| Highest Applicant Income | $778,000 |
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Farmers & Merchants Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Delaware, Iowa | 78 | $ 12,860,000 | $ 164,871 | $ 89,000 |
| Linn, Iowa | 75 | $ 17,415,000 | $ 232,200 | $ 187,000 |
| Jones, Iowa | 48 | $ 6,980,000 | $ 145,416 | $ 94,000 |
| Ramsey, Minnesota | 32 | $ 5,940,000 | $ 185,625 | $ 140,000 |
| Anoka, Minnesota | 31 | $ 6,305,000 | $ 203,387 | $ 109,000 |
| Washington, Minnesota | 19 | $ 4,495,000 | $ 236,578 | $ 122,000 |
| Hennepin, Minnesota | 10 | $ 2,970,000 | $ 297,000 | $ 263,000 |
| Clayton, Iowa | 9 | $ 1,565,000 | $ 173,888 | $ 113,000 |
| Dubuque, Iowa | 9 | $ 2,085,000 | $ 231,666 | $ 114,000 |
| Johnson, Iowa | 9 | $ 1,795,000 | $ 199,444 | $ 138,000 |
| Benton, Iowa | 5 | $ 1,075,000 | $ 215,000 | $ 110,000 |
| Chisago, Minnesota | 5 | $ 1,375,000 | $ 275,000 | $ 81,000 |
| Lee, Florida | 3 | $ 505,000 | $ 168,333 | $ 182,000 |
| Black Hawk, Iowa | 3 | $ 595,000 | $ 198,333 | $ 60,000 |
| Crow Wing, Minnesota | 3 | $ 685,000 | $ 228,333 | $ 215,000 |
| Pine, Minnesota | 3 | $ 385,000 | $ 128,333 | $ 111,000 |
| Sherburne, Minnesota | 3 | $ 825,000 | $ 275,000 | $ 85,000 |
| Brevard, Florida | 2 | $ 1,910,000 | $ 955,000 | $ 0 |
| Cook, Illinois | 2 | $ 660,000 | $ 330,000 | $ 406,000 |
| St. Louis, Minnesota | 2 | $ 260,000 | $ 130,000 | $ 185,000 |
| Wright, Minnesota | 2 | $ 310,000 | $ 155,000 | $ 137,000 |
| Bell, Texas | 2 | $ 2,210,000 | $ 1,105,000 | $ 0 |
| Polk, Wisconsin | 2 | $ 370,000 | $ 185,000 | $ 188,000 |
| La Plata, Colorado | 1 | $ 145,000 | $ 145,000 | $ 112,000 |
| Honolulu, Hawaii | 1 | $ 155,000 | $ 155,000 | $ 72,000 |
| DuPage, Illinois | 1 | $ 415,000 | $ 415,000 | $ 750,000 |
| Stephenson, Illinois | 1 | $ 65,000 | $ 65,000 | $ 57,000 |
| Hendricks, Indiana | 1 | $ 105,000 | $ 105,000 | $ 75,000 |
| Bremer, Iowa | 1 | $ 355,000 | $ 355,000 | $ 108,000 |
| Buchanan, Iowa | 1 | $ 265,000 | $ 265,000 | $ 116,000 |
| Cerro Gordo, Iowa | 1 | $ 175,000 | $ 175,000 | $ 148,000 |
| Clinton, Iowa | 1 | $ 95,000 | $ 95,000 | $ 232,000 |
| Fayette, Iowa | 1 | $ 275,000 | $ 275,000 | $ 83,000 |
| Hardin, Iowa | 1 | $ 255,000 | $ 255,000 | $ 76,000 |
| Marshall, Iowa | 1 | $ 205,000 | $ 205,000 | $ 165,000 |
| Polk, Iowa | 1 | $ 165,000 | $ 165,000 | $ 113,000 |
| Scott, Iowa | 1 | $ 195,000 | $ 195,000 | $ 78,000 |
| Johnson, Kansas | 1 | $ 295,000 | $ 295,000 | $ 126,000 |
| Reno, Kansas | 1 | $ 165,000 | $ 165,000 | $ 50,000 |
| Lafayette, Louisiana | 1 | $ 165,000 | $ 165,000 | $ 306,000 |
| Benton, Minnesota | 1 | $ 375,000 | $ 375,000 | $ 0 |
| Carver, Minnesota | 1 | $ 215,000 | $ 215,000 | $ 245,000 |
| Chippewa, Minnesota | 1 | $ 105,000 | $ 105,000 | $ 165,000 |
| Dakota, Minnesota | 1 | $ 545,000 | $ 545,000 | $ 170,000 |
| Nicollet, Minnesota | 1 | $ 215,000 | $ 215,000 | $ 265,000 |
| Rice, Minnesota | 1 | $ 245,000 | $ 245,000 | $ 50,000 |
| Stevens, Minnesota | 1 | $ 105,000 | $ 105,000 | $ 198,000 |
| Wabasha, Minnesota | 1 | $ 545,000 | $ 545,000 | $ 203,000 |
| Lane, Oregon | 1 | $ 425,000 | $ 425,000 | $ 147,000 |
| Milwaukee, Wisconsin | 1 | $ 85,000 | $ 85,000 | $ 67,000 |
| Pierce, Wisconsin | 1 | $ 305,000 | $ 305,000 | $ 62,000 |
| St. Croix, Wisconsin | 1 | $ 1,245,000 | $ 1,245,000 | $ 778,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants Savings Bank in 2021
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 | 196 | $42,230,000 | $215,000 | $1,255,000 | $141,000 | $769,000 |
| Home Purchase | 111 | $24,355,000 | $219,000 | $1,245,000 | $123,000 | $778,000 |
| Cash-out Refinancing | 72 | $13,750,000 | $190,000 | $525,000 | $145,000 | $750,000 |
| Home Improvement | 5 | $1,015,000 | $203,000 | $805,000 | $105,000 | $190,000 |
| Other Purpose | 2 | $130,000 | $65,000 | $125,000 | $90,000 | $105,000 |
| 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 | 341 | $68,295,000 | $200,000 | $1,245,000 | $132,000 | $778,000 |
| Not Provided | 21 | $5,895,000 | $280,000 | $1,105,000 | $193,000 | $747,000 |
| Not applicable | 17 | $5,505,000 | $323,000 | $1,255,000 | $0 | $0 |
| Hispanic | 2 | $240,000 | $120,000 | $135,000 | $78,000 | $87,000 |
| American Indian or Alaskan Native | 1 | $295,000 | $295,000 | $295,000 | $460,000 | $460,000 |
| Asian | 1 | $325,000 | $325,000 | $325,000 | $94,000 | $94,000 |
| Black or African American | 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) | 386 | $81,480,000 | $211,000 | $1,255,000 | $136,000 | $778,000 |
| 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 | 369 | $78,565,000 | $212,000 | $1,255,000 | $137,000 | $778,000 |
| Application Denied By Financial Institution | 9 | $1,625,000 | $180,000 | $365,000 | $150,000 | $482,000 |
| Application Withdrawn By Applicant | 4 | $660,000 | $165,000 | $405,000 | $95,000 | $165,000 |
| Application Approved But Not Accepted | 4 | $630,000 | $157,000 | $185,000 | $111,000 | $132,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 377 | $79,855,000 | $211,000 | $1,255,000 | $136,000 | $778,000 |
| Debt-To-Income Ratio | 4 | $830,000 | $207,000 | $255,000 | $75,000 | $137,000 |
| Credit History | 3 | $365,000 | $121,000 | $205,000 | $117,000 | $268,000 |
| Collateral | 2 | $430,000 | $215,000 | $365,000 | $350,000 | $482,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 2021 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