Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2014
In 2014, Farmers & Merchants State Bank of Waterloo, WI reported 153 mortgage applications totaling $36.9 million, down 56% from 2013. The average application was for $241,032, and applicants reported an average income of $95,026. 71% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Madison, WI (79), Milwaukee-Waukesha-West Allis, WI (8) and Janesville-Beloit, 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 | 153 |
| Total Mortgage Loan Application Amount | $36,878,000 |
| Average Mortgage Loan Application Amount | $241,032 |
| Highest Mortgage Loan Application Amount | $3,800,000 |
| Average Applicant Income | $95,026 |
| Highest Applicant Income | $745,000 |
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records Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 79 | $ 26,670,000 | $ 337,594 | $ 92,000 |
| Milwaukee-Waukesha-West Allis, WI | 8 | $ 1,477,000 | $ 184,625 | $ 122,000 |
| Janesville-Beloit, WI | 3 | $ 388,000 | $ 129,333 | $ 52,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants State Bank in 2014
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 | 79 | $16,517,000 | $209,000 | $1,551,000 | $103,000 | $454,000 |
| Refinancing | 64 | $19,231,000 | $300,000 | $3,800,000 | $78,000 | $468,000 |
| Home Improvement | 10 | $1,130,000 | $113,000 | $206,000 | $141,000 | $745,000 |
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 | 124 | $20,069,000 | $161,000 | $600,000 | $109,000 | $745,000 |
| Not applicable | 21 | $15,147,000 | $721,000 | $3,800,000 | $0 | $0 |
| Not Provided | 4 | $868,000 | $217,000 | $336,000 | $136,000 | $185,000 |
| Hispanic | 4 | $794,000 | $198,000 | $316,000 | $125,000 | $347,000 |
| 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) | 151 | $36,627,000 | $242,000 | $3,800,000 | $95,000 | $745,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $251,000 | $125,000 | $186,000 | $48,000 | $57,000 |
| 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 | 108 | $28,615,000 | $264,000 | $3,800,000 | $87,000 | $468,000 |
| Application Withdrawn By Applicant | 17 | $2,979,000 | $175,000 | $336,000 | $128,000 | $745,000 |
| Application Denied By Financial Institution | 14 | $1,834,000 | $131,000 | $200,000 | $68,000 | $169,000 |
| File Closed For Incompleteness | 8 | $1,772,000 | $221,000 | $359,000 | $121,000 | $234,000 |
| Application Approved But Not Accepted | 3 | $1,257,000 | $419,000 | $600,000 | $265,000 | $454,000 |
| Preapproval Denied by Financial Institution | 3 | $421,000 | $140,000 | $199,000 | $81,000 | $113,000 |
| 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 | 10 | $1,464,000 | $146,000 | $200,000 | $72,000 | $169,000 |
| Collateral | 4 | $422,000 | $105,000 | $138,000 | $78,000 | $145,000 |
| Debt-To-Income Ratio | 3 | $369,000 | $123,000 | $199,000 | $52,000 | $107,000 |
| 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 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers & Merchants State Bank's 2014 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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