Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2013
In 2013, Farmers & Merchants State Bank of Waterloo, WI reported 351 mortgage applications totaling $76.0 million, down 43% from 2012. The average application was for $216,478, and applicants reported an average income of $124,162. 69% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Madison, WI (166), Milwaukee-Waukesha-West Allis, WI (23) and Fond Du Lac, WI (3) (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 | 351 |
| Total Mortgage Loan Application Amount | $75,984,000 |
| Average Mortgage Loan Application Amount | $216,478 |
| Highest Mortgage Loan Application Amount | $4,000,000 |
| Average Applicant Income | $124,162 |
| Highest Applicant Income | $685,000 |
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records Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Madison, WI | 166 | $ 47,228,000 | $ 284,506 | $ 92,000 |
| Milwaukee-Waukesha-West Allis, WI | 23 | $ 4,758,000 | $ 206,869 | $ 143,000 |
| Fond Du Lac, WI | 3 | $ 640,000 | $ 213,333 | $ 67,000 |
| Lake County-Kenosha County, IL-WI | 3 | $ 543,000 | $ 181,000 | $ 96,000 |
| Eau Claire, WI | 2 | $ 326,000 | $ 163,000 | $ 182,000 |
| Janesville, WI | 2 | $ 184,000 | $ 92,000 | $ 82,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 2 | $ 599,000 | $ 299,500 | $ 181,000 |
| Oshkosh-Neenah, WI | 1 | $ 211,000 | $ 211,000 | $ 202,000 |
| Racine, WI | 1 | $ 417,000 | $ 417,000 | $ 321,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants State Bank in 2013
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 | 210 | $45,881,000 | $218,000 | $3,325,000 | $151,000 | $685,000 |
| Home Purchase | 114 | $26,138,000 | $229,000 | $4,000,000 | $84,000 | $475,000 |
| Home Improvement | 27 | $3,965,000 | $146,000 | $424,000 | $85,000 | $321,000 |
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 | 294 | $45,517,000 | $154,000 | $650,000 | $140,000 | $685,000 |
| Not applicable | 37 | $26,889,000 | $726,000 | $4,000,000 | $0 | $0 |
| Asian | 9 | $1,773,000 | $197,000 | $280,000 | $163,000 | $319,000 |
| Not Provided | 6 | $1,045,000 | $174,000 | $303,000 | $58,000 | $92,000 |
| Hispanic | 4 | $547,000 | $136,000 | $184,000 | $60,000 | $69,000 |
| Black or African American | 1 | $213,000 | $213,000 | $213,000 | $475,000 | $475,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 347 | $75,454,000 | $217,000 | $4,000,000 | $125,000 | $685,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 4 | $530,000 | $132,000 | $170,000 | $30,000 | $48,000 |
| 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 | 242 | $51,464,000 | $212,000 | $3,325,000 | $141,000 | $685,000 |
| Application Withdrawn By Applicant | 38 | $6,166,000 | $162,000 | $360,000 | $92,000 | $475,000 |
| Application Denied By Financial Institution | 32 | $4,740,000 | $148,000 | $310,000 | $71,000 | $264,000 |
| Application Approved But Not Accepted | 14 | $9,587,000 | $684,000 | $4,000,000 | $88,000 | $461,000 |
| File Closed For Incompleteness | 13 | $2,602,000 | $200,000 | $417,000 | $140,000 | $451,000 |
| Preapproval Denied by Financial Institution | 12 | $1,425,000 | $118,000 | $280,000 | $54,000 | $98,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 21 | $2,620,000 | $124,000 | $250,000 | $63,000 | $174,000 |
| Debt-To-Income Ratio | 11 | $1,829,000 | $166,000 | $310,000 | $51,000 | $159,000 |
| Collateral | 8 | $1,367,000 | $170,000 | $240,000 | $84,000 | $121,000 |
| Other | 2 | $150,000 | $75,000 | $79,000 | $168,000 | $264,000 |
| Unverifiable Information | 1 | $125,000 | $125,000 | $125,000 | $11,000 | $11,000 |
| Employment History | 1 | $74,000 | $74,000 | $74,000 | $21,000 | $21,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers & Merchants State Bank's 2013 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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