Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2003
In 2003, Farmers & Merchants State Bank of Boise, ID reported 997 mortgage applications totaling $124.2 million. The average application was for $124,613, and applicants reported an average income of $79,743. 89% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Boise City, ID (745), Bellingham, WA (1) and Bremerton, WA (1) (applications in parentheses).
| Mortgage Company & Address | Farmers & Merchants State Bank 121 N 9th Street, Suite 200 Boise, ID 83702 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 997 |
| Total Mortgage Loan Application Amount | $124,240,000 |
| Average Mortgage Loan Application Amount | $124,613 |
| Highest Mortgage Loan Application Amount | $650,000 |
| Average Applicant Income | $79,743 |
| Highest Applicant Income | $2,900,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Ada, Idaho | 546 | $ 74,486,000 | $ 136,421 | $ 92,000 |
| Canyon, Idaho | 199 | $ 22,490,000 | $ 113,015 | $ 53,000 |
| Payette, Idaho | 127 | $ 14,090,000 | $ 110,944 | $ 47,000 |
| Malheur, Oregon | 50 | $ 4,121,000 | $ 82,420 | $ 56,000 |
| Washington, Idaho | 12 | $ 1,036,000 | $ 86,333 | $ 47,000 |
| Boise, Idaho | 10 | $ 1,067,000 | $ 106,700 | $ 60,000 |
| Gem, Idaho | 10 | $ 723,000 | $ 72,300 | $ 41,000 |
| Valley, Idaho | 9 | $ 1,568,000 | $ 174,222 | $ 90,000 |
| Elmore, Idaho | 8 | $ 1,241,000 | $ 155,125 | $ 111,000 |
| Owyhee, Idaho | 5 | $ 545,000 | $ 109,000 | $ 55,000 |
| Adams, Idaho | 4 | $ 315,000 | $ 78,750 | $ 97,000 |
| Twin Falls, Idaho | 4 | $ 455,000 | $ 113,750 | $ 86,000 |
| Blaine, Idaho | 2 | $ 394,000 | $ 197,000 | $ 372,000 |
| Maricopa, Arizona | 1 | $ 135,000 | $ 135,000 | $ 52,000 |
| Bannock, Idaho | 1 | $ 43,000 | $ 43,000 | $ 17,000 |
| Bingham, Idaho | 1 | $ 102,000 | $ 102,000 | $ 387,000 |
| Fremont, Idaho | 1 | $ 510,000 | $ 510,000 | $ 250,000 |
| Jefferson, Idaho | 1 | $ 42,000 | $ 42,000 | $ 76,000 |
| Kootenai, Idaho | 1 | $ 224,000 | $ 224,000 | $ 71,000 |
| Madison, Idaho | 1 | $ 170,000 | $ 170,000 | $ 51,000 |
| Multnomah, Oregon | 1 | $ 156,000 | $ 156,000 | $ 51,000 |
| Salt Lake, Utah | 1 | $ 139,000 | $ 139,000 | $ 44,000 |
| Kitsap, Washington | 1 | $ 94,000 | $ 94,000 | $ 127,000 |
| Whatcom, Washington | 1 | $ 94,000 | $ 94,000 | $ 191,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants State Bank in 2003
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 (home purchase or home improvement, one-to-four family) | 758 | $99,272,000 | $116,250 | $650,000 | $80,500 | $2,900,000 |
| Home Purchase (one-to-four family) | 208 | $24,140,000 | $104,250 | $323,000 | $90,000 | $500,000 |
| Home Improvement (one-to-four family) | 31 | $828,000 | $27,500 | $130,000 | $47,500 | $132,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 951 | $118,114,000 | $115,200 | $650,000 | $78,600 | $2,900,000 |
| Hispanic | 16 | $1,781,000 | $85,500 | $278,000 | $43,500 | $105,000 |
| Information not provided by applicant in mail or telephone application | 13 | $1,950,000 | $150,000 | $323,000 | $87,000 | $256,000 |
| Asian or Pacific Islander | 11 | $1,439,000 | $122,500 | $198,000 | $86,000 | $327,000 |
| American Indian or Alaskan Native | 3 | $455,000 | $165,500 | $207,000 | $72,500 | $86,000 |
| Black | 2 | $304,000 | $152,000 | $216,000 | $101,000 | $128,000 |
| Other | 1 | $197,000 | $197,000 | $197,000 | $72,000 | $72,000 |
| Not applicable | 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) | 997 | $124,240,000 | $115,400 | $650,000 | $77,200 | $2,900,000 |
| 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 | 887 | $112,409,000 | $116,000 | $650,000 | $80,800 | $2,900,000 |
| Application Denied By Financial Institution | 61 | $6,853,000 | $112,000 | $207,000 | $48,000 | $144,000 |
| Application Withdrawn By Applicant | 24 | $2,297,000 | $95,000 | $213,000 | $42,000 | $110,000 |
| Application Approved But Not Accepted | 24 | $2,585,000 | $107,000 | $220,000 | $49,000 | $165,000 |
| File Closed For Incompleteness | 1 | $96,000 | $96,000 | $96,000 | $0 | $0 |
| Loan Purchased By The 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 State Bank's 2003 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 State 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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