Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2018
In 2018, Farmers & Merchants State Bank of Waterloo, WI reported 166 mortgage applications totaling $32.6 million, down 15% from 2017. The average application was for $196,265, and applicants reported an average income of $97,795. 61% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Madison, WI (54), Milwaukee-Waukesha-West Allis, WI (8) and Chicago-Naperville-Arlington Heights, IL (2) (applications in parentheses).
| Mortgage Company & Address | Farmers & Merchants State Bank 210 W. Madison St. Waterloo, WI 53594 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 | 166 |
| Total Mortgage Loan Application Amount | $32,580,000 |
| Average Mortgage Loan Application Amount | $196,265 |
| Highest Mortgage Loan Application Amount | $2,045,000 |
| Average Applicant Income | $97,795 |
| Highest Applicant Income | $1,200,000 |
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records Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Dane, Wisconsin | 46 | $ 12,900,000 | $ 280,434 | $ 105,000 |
| Jefferson, Wisconsin | 37 | $ 5,825,000 | $ 157,432 | $ 78,000 |
| Dodge, Wisconsin | 24 | $ 3,440,000 | $ 143,333 | $ 68,000 |
| Columbia, Wisconsin | 7 | $ 1,385,000 | $ 197,857 | $ 112,000 |
| Milwaukee, Wisconsin | 5 | $ 565,000 | $ 113,000 | $ 352,000 |
| Rusk, Wisconsin | 3 | $ 325,000 | $ 108,333 | $ 188,000 |
| Washington, Wisconsin | 3 | $ 805,000 | $ 268,333 | $ 109,000 |
| Cook, Illinois | 2 | $ 400,000 | $ 200,000 | $ 99,000 |
| Adams, Wisconsin | 2 | $ 370,000 | $ 185,000 | $ 69,000 |
| Sauk, Wisconsin | 2 | $ 830,000 | $ 415,000 | $ 338,000 |
| Lake, Illinois | 1 | $ 135,000 | $ 135,000 | $ 78,000 |
| Green, Wisconsin | 1 | $ 255,000 | $ 255,000 | $ 77,000 |
| La Crosse, Wisconsin | 1 | $ 195,000 | $ 195,000 | $ 105,000 |
| Marquette, Wisconsin | 1 | $ 165,000 | $ 165,000 | $ 46,000 |
| Oneida, Wisconsin | 1 | $ 165,000 | $ 165,000 | $ 102,000 |
| Taylor, Wisconsin | 1 | $ 65,000 | $ 65,000 | $ 45,000 |
| Vilas, Wisconsin | 1 | $ 145,000 | $ 145,000 | $ 59,000 |
| Walworth, Wisconsin | 1 | $ 95,000 | $ 95,000 | $ 201,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants State Bank in 2018
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 121 | $23,935,000 | $197,000 | $455,000 | $105,000 | $1,200,000 |
| Refinancing | 34 | $7,100,000 | $208,000 | $2,045,000 | $76,000 | $157,000 |
| Cash-out Refinancing | 8 | $1,480,000 | $185,000 | $295,000 | $83,000 | $124,000 |
| Home Improvement | 2 | $30,000 | $15,000 | $15,000 | $108,000 | $108,000 |
| Other Purpose | 1 | $35,000 | $35,000 | $35,000 | $65,000 | $65,000 |
| 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 | 133 | $25,275,000 | $190,000 | $455,000 | $103,000 | $1,200,000 |
| Not Provided | 18 | $3,000,000 | $166,000 | $275,000 | $68,000 | $153,000 |
| Not applicable | 7 | $3,385,000 | $483,000 | $2,045,000 | $0 | $0 |
| Hispanic | 7 | $825,000 | $117,000 | $175,000 | $62,000 | $130,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 161 | $31,915,000 | $198,000 | $2,045,000 | $100,000 | $1,200,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $665,000 | $133,000 | $165,000 | $45,000 | $52,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 102 | $21,920,000 | $214,000 | $2,045,000 | $102,000 | $491,000 |
| Preapproval Approved but not Accepted | 23 | $4,065,000 | $176,000 | $325,000 | $73,000 | $152,000 |
| Application Withdrawn By Applicant | 21 | $3,425,000 | $163,000 | $455,000 | $130,000 | $1,200,000 |
| Application Denied By Financial Institution | 9 | $1,405,000 | $156,000 | $335,000 | $72,000 | $168,000 |
| Application Approved But Not Accepted | 4 | $1,090,000 | $272,000 | $455,000 | $90,000 | $182,000 |
| Preapproval Denied by Financial Institution | 4 | $450,000 | $112,000 | $185,000 | $42,000 | $74,000 |
| File Closed For Incompleteness | 3 | $225,000 | $75,000 | $135,000 | $110,000 | $154,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 153 | $30,725,000 | $200,000 | $2,045,000 | $101,000 | $1,200,000 |
| Credit History | 6 | $620,000 | $103,000 | $205,000 | $60,000 | $120,000 |
| Debt-To-Income Ratio | 4 | $710,000 | $177,000 | $275,000 | $55,000 | $82,000 |
| Employment History | 1 | $335,000 | $335,000 | $335,000 | $168,000 | $168,000 |
| Other | 1 | $115,000 | $115,000 | $115,000 | $36,000 | $36,000 |
| Collateral | 1 | $75,000 | $75,000 | $75,000 | $32,000 | $32,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 State Bank's 2018 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.
For a list of all lenders in Wisconsin, download the full spreadsheet
with aggregated HMDA statistics today.
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