Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2004
In 2004, Farmers & Merchants State Bank of Boise, ID reported 647 mortgage applications totaling $88.2 million, down 35% from 2003. The average application was for $136,259, and applicants reported an average income of $80,108. 83% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Boise City-Nampa, ID (422), Santa Rosa-Petaluma, CA (11) and Salt Lake City, UT (4) (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 | 647 |
| Total Mortgage Loan Application Amount | $88,160,000 |
| Average Mortgage Loan Application Amount | $136,259 |
| Highest Mortgage Loan Application Amount | $613,000 |
| Average Applicant Income | $80,108 |
| Highest Applicant Income | $6,404,000 |
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records Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 303 | $ 46,086,000 | $ 152,099 | $ 87,000 |
| Canyon, Idaho | 100 | $ 11,279,000 | $ 112,790 | $ 57,000 |
| Payette, Idaho | 98 | $ 10,666,000 | $ 108,836 | $ 60,000 |
| Malheur, Oregon | 54 | $ 5,420,000 | $ 100,370 | $ 50,000 |
| Valley, Idaho | 16 | $ 2,645,000 | $ 165,312 | $ 100,000 |
| Sonoma, California | 11 | $ 4,079,000 | $ 370,818 | $ 281,000 |
| Owyhee, Idaho | 8 | $ 732,000 | $ 91,500 | $ 31,000 |
| Washington, Idaho | 7 | $ 793,000 | $ 113,285 | $ 46,000 |
| Adams, Idaho | 6 | $ 572,000 | $ 95,333 | $ 51,000 |
| Boise, Idaho | 6 | $ 1,060,000 | $ 176,666 | $ 68,000 |
| Gem, Idaho | 5 | $ 535,000 | $ 107,000 | $ 52,000 |
| Twin Falls, Idaho | 4 | $ 573,000 | $ 143,250 | $ 56,000 |
| Salt Lake, Utah | 4 | $ 301,000 | $ 75,250 | $ 46,000 |
| Elmore, Idaho | 3 | $ 224,000 | $ 74,666 | $ 66,000 |
| Blaine, Idaho | 2 | $ 548,000 | $ 274,000 | $ 102,000 |
| Idaho, Idaho | 2 | $ 278,000 | $ 139,000 | $ 80,000 |
| Mohave, Arizona | 1 | $ 120,000 | $ 120,000 | $ 51,000 |
| Riverside, California | 1 | $ 272,000 | $ 272,000 | $ 42,000 |
| Bonneville, Idaho | 1 | $ 60,000 | $ 60,000 | $ 54,000 |
| Custer, Idaho | 1 | $ 184,000 | $ 184,000 | $ 44,000 |
| Kootenai, Idaho | 1 | $ 84,000 | $ 84,000 | $ 23,000 |
| Latah, Idaho | 1 | $ 186,000 | $ 186,000 | $ 74,000 |
| Olmsted, Minnesota | 1 | $ 195,000 | $ 195,000 | $ 66,000 |
| Washoe, Nevada | 1 | $ 150,000 | $ 150,000 | $ 50,000 |
| Baker, Oregon | 1 | $ 102,000 | $ 102,000 | $ 43,000 |
| Harney, Oregon | 1 | $ 95,000 | $ 95,000 | $ 35,000 |
| Lincoln, Oregon | 1 | $ 100,000 | $ 100,000 | $ 26,000 |
| Multnomah, Oregon | 1 | $ 145,000 | $ 145,000 | $ 99,000 |
| Sherman, Oregon | 1 | $ 45,000 | $ 45,000 | $ 187,000 |
| Washington, Oregon | 1 | $ 85,000 | $ 85,000 | $ 34,000 |
| Washington, Utah | 1 | $ 133,000 | $ 133,000 | $ 216,000 |
| Weber, Utah | 1 | $ 99,000 | $ 99,000 | $ 80,000 |
| King, Washington | 1 | $ 224,000 | $ 224,000 | $ 6,404,000 |
| Kitsap, Washington | 1 | $ 90,000 | $ 90,000 | $ 121,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants State Bank in 2004
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 | 354 | $50,726,000 | $156,142 | $602,000 | $530,571 | $6,404,000 |
| Home Purchase | 255 | $35,414,000 | $177,600 | $613,000 | $105,400 | $1,600,000 |
| Home Improvement | 38 | $2,020,000 | $32,000 | $334,000 | $51,500 | $547,000 |
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 | 599 | $82,067,000 | $165,625 | $613,000 | $499,875 | $6,404,000 |
| Hispanic | 19 | $2,062,000 | $159,333 | $321,000 | $52,333 | $199,000 |
| Not Provided | 14 | $2,190,000 | $163,666 | $336,000 | $53,333 | $179,000 |
| Asian | 7 | $960,000 | $131,500 | $220,000 | $77,500 | $149,000 |
| Not applicable | 3 | $482,000 | $160,000 | $430,000 | $138,000 | $234,000 |
| American Indian or Alaskan Native | 2 | $180,000 | $90,000 | $103,000 | $27,000 | $42,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $142,000 | $71,000 | $82,000 | $24,000 | $29,000 |
| Black or African American | 1 | $77,000 | $77,000 | $77,000 | $41,000 | $41,000 |
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) | 647 | $88,160,000 | $163,250 | $613,000 | $486,625 | $6,404,000 |
| 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 | 537 | $73,098,000 | $175,285 | $613,000 | $533,857 | $6,404,000 |
| Application Denied By Financial Institution | 53 | $6,765,000 | $192,500 | $500,000 | $425,250 | $1,600,000 |
| Application Approved But Not Accepted | 45 | $6,665,000 | $150,750 | $334,000 | $44,500 | $372,000 |
| Application Withdrawn By Applicant | 10 | $1,395,000 | $168,000 | $325,000 | $72,333 | $200,000 |
| File Closed For Incompleteness | 2 | $237,000 | $118,000 | $170,000 | $46,000 | $65,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 2004 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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