Farmers & Merchants Union Bank Mortgage Lending & HMDA Data, 2020
In 2020, Farmers & Merchants Union Bank of Columbus, WI reported 325 mortgage applications totaling $64.7 million, up 130% from 2019. The average application was for $199,092, and applicants reported an average income of $111,513. 89% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Madison, WI (194), Milwaukee-Waukesha-West Allis, WI (14) and Fond Du Lac, WI (6) (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 | 325 |
| Total Mortgage Loan Application Amount | $64,705,000 |
| Average Mortgage Loan Application Amount | $199,092 |
| Highest Mortgage Loan Application Amount | $515,000 |
| Average Applicant Income | $111,513 |
| Highest Applicant Income | $1,415,000 |
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records Farmers & Merchants Union Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 194 | $ 38,470,000 | $ 198,298 | $ 102,000 |
| Outside any metro area | 99 | $ 18,425,000 | $ 186,111 | $ 125,000 |
| Milwaukee-Waukesha-West Allis, WI | 14 | $ 3,870,000 | $ 276,428 | $ 133,000 |
| Fond Du Lac, WI | 6 | $ 1,100,000 | $ 183,333 | $ 93,000 |
| Wausau, WI | 4 | $ 970,000 | $ 242,500 | $ 120,000 |
| Appleton, WI | 2 | $ 430,000 | $ 215,000 | $ 154,000 |
| Eau Claire, WI | 1 | $ 115,000 | $ 115,000 | $ 193,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 225,000 | $ 225,000 | $ 52,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 345,000 | $ 345,000 | $ 116,000 |
| Oshkosh-Neenah, WI | 1 | $ 155,000 | $ 155,000 | $ 63,000 |
| Sheboygan, WI | 1 | $ 265,000 | $ 265,000 | $ 117,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 335,000 | $ 335,000 | $ 202,000 |
Mortgage Loan Application Detail Totals for Farmers & Merchants Union Bank in 2020
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 134 | $27,090,000 | $202,000 | $515,000 | $122,000 | $1,415,000 |
| Refinancing | 119 | $23,335,000 | $196,000 | $495,000 | $99,000 | $531,000 |
| Home Purchase | 66 | $13,850,000 | $209,000 | $515,000 | $115,000 | $684,000 |
| Home Improvement | 5 | $325,000 | $65,000 | $135,000 | $96,000 | $167,000 |
| Other Purpose | 1 | $105,000 | $105,000 | $105,000 | $43,000 | $43,000 |
| 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 | 315 | $62,675,000 | $198,000 | $515,000 | $112,000 | $1,415,000 |
| Not applicable | 5 | $1,275,000 | $255,000 | $505,000 | $0 | $0 |
| Not Provided | 3 | $595,000 | $198,000 | $375,000 | $104,000 | $159,000 |
| Asian | 1 | $95,000 | $95,000 | $95,000 | $91,000 | $91,000 |
| Hispanic | 1 | $65,000 | $65,000 | $65,000 | $102,000 | $102,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 323 | $64,425,000 | $199,000 | $515,000 | $112,000 | $1,415,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $280,000 | $140,000 | $155,000 | $50,000 | $53,000 |
| 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 | 288 | $57,590,000 | $199,000 | $515,000 | $114,000 | $1,415,000 |
| Application Denied By Financial Institution | 22 | $3,960,000 | $180,000 | $365,000 | $83,000 | $193,000 |
| Application Approved But Not Accepted | 15 | $3,155,000 | $210,000 | $505,000 | $96,000 | $166,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 325 | $64,705,000 | $199,000 | $515,000 | $111,000 | $1,415,000 |
| 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 2020 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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