Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2010
In 2010, Farmers & Merchants State Bank of Waterloo, WI reported 392 mortgage applications totaling $63.7 million, up 7% from 2009. The average application was for $162,426, and applicants reported an average income of $80,428. 82% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Madison, WI (205), Milwaukee-Waukesha-West Allis, WI (13) and Racine, WI (5) (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 | 392 |
| Total Mortgage Loan Application Amount | $63,671,000 |
| Average Mortgage Loan Application Amount | $162,426 |
| Highest Mortgage Loan Application Amount | $1,492,000 |
| Average Applicant Income | $80,428 |
| 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records Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Farmers & Merchants State Bank in 2010
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 | 300 | $50,366,000 | $167,000 | $1,492,000 | $84,000 | $745,000 |
| Home Improvement | 48 | $5,745,000 | $119,000 | $373,000 | $75,000 | $194,000 |
| Home Purchase | 44 | $7,560,000 | $171,000 | $556,000 | $62,000 | $230,000 |
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 | 373 | $60,081,000 | $161,000 | $1,492,000 | $81,000 | $745,000 |
| Not applicable | 6 | $1,827,000 | $304,000 | $777,000 | $0 | $0 |
| Asian | 5 | $732,000 | $146,000 | $226,000 | $145,000 | $194,000 |
| Not Provided | 4 | $689,000 | $172,000 | $370,000 | $114,000 | $250,000 |
| Hispanic | 3 | $177,000 | $59,000 | $129,000 | $46,000 | $76,000 |
| American Indian or Alaskan Native | 1 | $165,000 | $165,000 | $165,000 | $122,000 | $122,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 385 | $62,705,000 | $162,000 | $1,492,000 | $81,000 | $745,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 7 | $966,000 | $138,000 | $173,000 | $51,000 | $68,000 |
| 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 | 322 | $50,282,000 | $156,000 | $1,492,000 | $77,000 | $253,000 |
| Application Withdrawn By Applicant | 28 | $5,165,000 | $184,000 | $370,000 | $100,000 | $250,000 |
| Application Approved But Not Accepted | 22 | $4,267,000 | $193,000 | $404,000 | $98,000 | $238,000 |
| Application Denied By Financial Institution | 16 | $3,510,000 | $219,000 | $750,000 | $110,000 | $745,000 |
| Preapproval Denied by Financial Institution | 4 | $447,000 | $111,000 | $179,000 | $27,000 | $47,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 8 | $1,382,000 | $172,000 | $397,000 | $30,000 | $71,000 |
| Collateral | 4 | $975,000 | $243,000 | $410,000 | $105,000 | $170,000 |
| Other | 4 | $486,000 | $121,000 | $223,000 | $64,000 | $93,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $795,000 | $397,000 | $750,000 | $81,000 | $120,000 |
| Credit History | 2 | $319,000 | $159,000 | $179,000 | $396,000 | $745,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers & Merchants State Bank's 2010 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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