Farmers & Merchants Union Bank Mortgage Lending & HMDA Data, 2009
In 2009, Farmers & Merchants Union Bank of Columbus, WI reported 409 mortgage applications totaling $57.9 million, up 130% from 2008. The average application was for $141,520, and applicants reported an average income of $69,838. 86% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Madison, WI (258), Milwaukee-Waukesha-West Allis, WI (6) and Fond Du Lac, WI (4) (applications in parentheses).
| Mortgage Company & Address | Farmers & Merchants Union Bank 159 W James St Po Box 226 Columbus, WI 53925 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 |
| Total Number of Mortgage Applications | 409 |
| Total Mortgage Loan Application Amount | $57,882,000 |
| Average Mortgage Loan Application Amount | $141,520 |
| Highest Mortgage Loan Application Amount | $491,000 |
| Average Applicant Income | $69,838 |
| Highest Applicant Income | $360,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Farmers & Merchants Union Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Columbia, Wisconsin | 229 | $ 30,951,000 | $ 135,157 | $ 63,000 |
| Dane, Wisconsin | 29 | $ 5,394,000 | $ 186,000 | $ 89,000 |
| Fond du Lac, Wisconsin | 4 | $ 487,000 | $ 121,750 | $ 66,000 |
| Washington, Wisconsin | 3 | $ 447,000 | $ 149,000 | $ 47,000 |
| Milwaukee, Wisconsin | 2 | $ 211,000 | $ 105,500 | $ 60,000 |
| Winnebago, Wisconsin | 2 | $ 236,000 | $ 118,000 | $ 73,000 |
| Pinal, Arizona | 1 | $ 125,000 | $ 125,000 | $ 46,000 |
| Orange, California | 1 | $ 348,000 | $ 348,000 | $ 199,000 |
| San Diego, California | 1 | $ 160,000 | $ 160,000 | $ 75,000 |
| Pinellas, Florida | 1 | $ 216,000 | $ 216,000 | $ 77,000 |
| Polk, Florida | 1 | $ 104,000 | $ 104,000 | $ 34,000 |
| DuPage, Illinois | 1 | $ 311,000 | $ 311,000 | $ 151,000 |
| Hennepin, Minnesota | 1 | $ 342,000 | $ 342,000 | $ 140,000 |
| Chippewa, Wisconsin | 1 | $ 170,000 | $ 170,000 | $ 37,000 |
| Dodge, Wisconsin | 1 | $ 87,000 | $ 87,000 | $ 34,000 |
| Douglas, Wisconsin | 1 | $ 40,000 | $ 40,000 | $ 21,000 |
| Outagamie, Wisconsin | 1 | $ 116,000 | $ 116,000 | $ 47,000 |
| Waukesha, Wisconsin | 1 | $ 122,000 | $ 122,000 | $ 64,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants Union Bank in 2009
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 | 259 | $38,670,000 | $149,000 | $491,000 | $70,000 | $326,000 |
| Home Purchase | 96 | $14,512,000 | $151,000 | $450,000 | $71,000 | $360,000 |
| Home Improvement | 54 | $4,700,000 | $87,000 | $417,000 | $67,000 | $338,000 |
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 | 401 | $57,161,000 | $142,000 | $491,000 | $71,000 | $360,000 |
| Not applicable | 4 | $276,000 | $69,000 | $100,000 | $0 | $0 |
| Hispanic | 2 | $80,000 | $40,000 | $76,000 | $57,000 | $61,000 |
| Asian | 1 | $140,000 | $140,000 | $140,000 | $53,000 | $53,000 |
| Not Provided | 1 | $225,000 | $225,000 | $225,000 | $110,000 | $110,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 373 | $53,116,000 | $142,000 | $491,000 | $72,000 | $360,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 36 | $4,766,000 | $132,000 | $192,000 | $49,000 | $80,000 |
| 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 | 350 | $49,792,000 | $142,000 | $491,000 | $69,000 | $338,000 |
| Application Denied By Financial Institution | 33 | $4,557,000 | $138,000 | $450,000 | $72,000 | $326,000 |
| Application Withdrawn By Applicant | 13 | $1,744,000 | $134,000 | $348,000 | $70,000 | $199,000 |
| Application Approved But Not Accepted | 12 | $1,652,000 | $137,000 | $224,000 | $88,000 | $360,000 |
| File Closed For Incompleteness | 1 | $137,000 | $137,000 | $137,000 | $26,000 | $26,000 |
| 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 Union Bank's 2009 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 Union 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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