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records Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Boise City-Nampa, ID | 422 | $ 59,692,000 | $ 141,450 | $ 69,000 |
| Santa Rosa-Petaluma, CA | 11 | $ 4,079,000 | $ 370,818 | $ 281,000 |
| Salt Lake City, UT | 4 | $ 301,000 | $ 75,250 | $ 46,000 |
| Portland-Vancouver-Beaverton, OR-WA | 2 | $ 230,000 | $ 115,000 | $ 66,000 |
| Bremerton-Silverdale, WA | 1 | $ 90,000 | $ 90,000 | $ 121,000 |
| Coeur D'Alene, ID | 1 | $ 84,000 | $ 84,000 | $ 23,000 |
| Idaho Falls, ID | 1 | $ 60,000 | $ 60,000 | $ 54,000 |
| Ogden-Clearfield, UT | 1 | $ 99,000 | $ 99,000 | $ 80,000 |
| Reno-Sparks, NV | 1 | $ 150,000 | $ 150,000 | $ 50,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 272,000 | $ 272,000 | $ 42,000 |
| Rochester, MN | 1 | $ 195,000 | $ 195,000 | $ 66,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 224,000 | $ 224,000 | $ 6,404,000 |
| St. George, UT | 1 | $ 133,000 | $ 133,000 | $ 216,000 |
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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