Farmers & Merchants Union Bank Mortgage Lending & HMDA Data, 2019
In 2019, Farmers & Merchants Union Bank of Columbus, WI reported 141 mortgage applications totaling $22.5 million, up 8% from 2018. The average application was for $159,539, and applicants reported an average income of $88,510. 82% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Madison, WI (78), Milwaukee-Waukesha-West Allis, WI (4) and Fond Du Lac, WI (3) (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 | 141 |
| Total Mortgage Loan Application Amount | $22,495,000 |
| Average Mortgage Loan Application Amount | $159,539 |
| Highest Mortgage Loan Application Amount | $485,000 |
| Average Applicant Income | $88,510 |
| Highest Applicant Income | $328,000 |
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records Farmers & Merchants Union Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 78 | $ 13,460,000 | $ 172,564 | $ 88,000 |
| Outside any metro area | 51 | $ 6,795,000 | $ 133,235 | $ 78,235 |
| Milwaukee-Waukesha-West Allis, WI | 4 | $ 850,000 | $ 212,500 | $ 113,000 |
| Fond Du Lac, WI | 3 | $ 275,000 | $ 91,666 | $ 128,000 |
| Appleton, WI | 2 | $ 480,000 | $ 240,000 | $ 173,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 465,000 | $ 465,000 | $ 150,000 |
| Oshkosh-Neenah, WI | 1 | $ 65,000 | $ 65,000 | $ 60,000 |
| Wausau, WI | 1 | $ 105,000 | $ 105,000 | $ 207,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants Union Bank in 2019
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 | 75 | $13,125,000 | $175,000 | $485,000 | $95,000 | $328,000 |
| Refinancing | 33 | $5,315,000 | $161,000 | $365,000 | $73,000 | $139,000 |
| Cash-out Refinancing | 21 | $3,505,000 | $166,000 | $465,000 | $94,000 | $260,000 |
| Other Purpose | 9 | $405,000 | $45,000 | $125,000 | $73,000 | $154,000 |
| Home Improvement | 3 | $145,000 | $48,000 | $85,000 | $105,000 | $239,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 125 | $19,885,000 | $159,000 | $485,000 | $89,000 | $328,000 |
| Not applicable | 14 | $2,460,000 | $175,000 | $315,000 | $0 | $0 |
| Asian | 1 | $135,000 | $135,000 | $135,000 | $39,000 | $39,000 |
| Hispanic | 1 | $15,000 | $15,000 | $15,000 | $113,000 | $113,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 136 | $21,820,000 | $160,000 | $485,000 | $90,000 | $328,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $675,000 | $135,000 | $175,000 | $52,000 | $66,000 |
| 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 | 115 | $19,495,000 | $169,000 | $485,000 | $95,000 | $328,000 |
| Application Denied By Financial Institution | 17 | $1,675,000 | $98,000 | $255,000 | $48,000 | $130,000 |
| Application Approved But Not Accepted | 8 | $1,070,000 | $133,000 | $205,000 | $76,000 | $113,000 |
| Application Withdrawn By Applicant | 1 | $255,000 | $255,000 | $255,000 | $148,000 | $148,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 141 | $22,495,000 | $159,000 | $485,000 | $88,000 | $328,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers & Merchants Union Bank's 2019 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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