Farmers & Merchants Union Bank Mortgage Lending & HMDA Data, 2013
In 2013, Farmers & Merchants Union Bank of Columbus, WI reported 210 mortgage applications totaling $29.4 million, down 47% from 2012. The average application was for $139,790, and applicants reported an average income of $60,276. 80% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Madison, WI (140), Milwaukee-Waukesha-West Allis, WI (6) and Akron, OH (2) (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 | 210 |
| Total Mortgage Loan Application Amount | $29,356,000 |
| Average Mortgage Loan Application Amount | $139,790 |
| Highest Mortgage Loan Application Amount | $1,474,000 |
| Average Applicant Income | $60,276 |
| Highest Applicant Income | $321,000 |
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records Farmers & Merchants Union Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 140 | $ 19,952,000 | $ 142,514 | $ 58,000 |
| Milwaukee-Waukesha-West Allis, WI | 6 | $ 990,000 | $ 165,000 | $ 72,000 |
| Akron, OH | 2 | $ 426,000 | $ 213,000 | $ 82,000 |
| Sheboygan, WI | 2 | $ 177,000 | $ 88,500 | $ 79,000 |
| Fond Du Lac, WI | 1 | $ 155,000 | $ 155,000 | $ 67,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 1 | $ 124,000 | $ 124,000 | $ 34,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants Union 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 | 127 | $20,893,000 | $164,000 | $1,474,000 | $65,000 | $321,000 |
| Home Purchase | 57 | $6,646,000 | $116,000 | $304,000 | $59,000 | $158,000 |
| Home Improvement | 26 | $1,817,000 | $69,000 | $242,000 | $40,000 | $107,000 |
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 | 182 | $24,341,000 | $133,000 | $961,000 | $62,000 | $321,000 |
| Not Provided | 20 | $2,939,000 | $146,000 | $240,000 | $64,000 | $149,000 |
| Not applicable | 7 | $2,008,000 | $286,000 | $1,474,000 | $0 | $0 |
| Hispanic | 1 | $68,000 | $68,000 | $68,000 | $58,000 | $58,000 |
| 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) | 208 | $29,041,000 | $139,000 | $1,474,000 | $60,000 | $321,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $315,000 | $157,000 | $160,000 | $73,000 | $79,000 |
| 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 | 168 | $24,070,000 | $143,000 | $1,474,000 | $60,000 | $286,000 |
| Application Denied By Financial Institution | 24 | $3,049,000 | $127,000 | $260,000 | $53,000 | $149,000 |
| Application Approved But Not Accepted | 15 | $1,989,000 | $132,000 | $218,000 | $73,000 | $321,000 |
| Application Withdrawn By Applicant | 3 | $248,000 | $82,000 | $110,000 | $57,000 | $75,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 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 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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