Farmers-Merchants Bank of Illinois Mortgage Lending & HMDA Data, 2018
In 2018, Farmers-Merchants Bank of Illinois of Joy, IL reported 274 mortgage applications totaling $51.1 million, up 427% from 2017. The average application was for $186,386, and applicants reported an average income of $87,310. 12% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Champaign-Urbana, IL (26), Davenport-Moline-Rock Island, IA-IL (25) and Los Angeles-Long Beach-Glendale, CA (24) (applications in parentheses).
| Mortgage Company & Address | Farmers-Merchants Bank of Illinois P.O. Box 217 Joy, IL 61260 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2009 2008 |
| Total Number of Mortgage Applications | 274 |
| Total Mortgage Loan Application Amount | $51,070,000 |
| Average Mortgage Loan Application Amount | $186,386 |
| Highest Mortgage Loan Application Amount | $675,000 |
| Average Applicant Income | $87,310 |
| Highest Applicant Income | $300,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Farmers-Merchants Bank of Illinois filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Ford, Illinois | 25 | $ 2,045,000 | $ 81,800 | $ 63,000 |
| Los Angeles, California | 24 | $ 8,600,000 | $ 358,333 | $ 100,000 |
| Mercer, Illinois | 21 | $ 1,375,000 | $ 65,476 | $ 63,000 |
| Maricopa, Arizona | 14 | $ 3,140,000 | $ 224,285 | $ 123,000 |
| Orange, California | 6 | $ 2,550,000 | $ 425,000 | $ 162,000 |
| San Bernardino, California | 5 | $ 1,105,000 | $ 221,000 | $ 92,000 |
| Pinellas, Florida | 4 | $ 570,000 | $ 142,500 | $ 57,000 |
| Harris, Texas | 4 | $ 570,000 | $ 142,500 | $ 122,000 |
| Fairfax, Virginia | 4 | $ 1,670,000 | $ 417,500 | $ 99,000 |
| King, Washington | 4 | $ 1,050,000 | $ 262,500 | $ 112,000 |
| Tulare, California | 3 | $ 435,000 | $ 145,000 | $ 86,000 |
| Sussex, Delaware | 3 | $ 345,000 | $ 115,000 | $ 105,000 |
| Henderson, Illinois | 3 | $ 125,000 | $ 41,666 | $ 76,000 |
| Iroquois, Illinois | 3 | $ 145,000 | $ 48,333 | $ 58,000 |
| Morgan, Indiana | 3 | $ 375,000 | $ 125,000 | $ 47,000 |
| Clark, Nevada | 3 | $ 365,000 | $ 121,666 | $ 59,000 |
| Tarrant, Texas | 3 | $ 425,000 | $ 141,666 | $ 99,000 |
| Pima, Arizona | 2 | $ 610,000 | $ 305,000 | $ 171,000 |
| Pinal, Arizona | 2 | $ 240,000 | $ 120,000 | $ 60,000 |
| Alameda, California | 2 | $ 710,000 | $ 355,000 | $ 203,000 |
| Kern, California | 2 | $ 510,000 | $ 255,000 | $ 169,000 |
| Riverside, California | 2 | $ 560,000 | $ 280,000 | $ 60,000 |
| San Diego, California | 2 | $ 1,140,000 | $ 570,000 | $ 175,000 |
| Larimer, Colorado | 2 | $ 480,000 | $ 240,000 | $ 117,000 |
| Fulton, Georgia | 2 | $ 250,000 | $ 125,000 | $ 80,000 |
| Gwinnett, Georgia | 2 | $ 280,000 | $ 140,000 | $ 116,000 |
| Rock Island, Illinois | 2 | $ 300,000 | $ 150,000 | $ 59,000 |
| Johnson, Indiana | 2 | $ 250,000 | $ 125,000 | $ 34,000 |
| Muscatine, Iowa | 2 | $ 20,000 | $ 10,000 | $ 73,000 |
| Baltimore City, Maryland | 2 | $ 240,000 | $ 120,000 | $ 47,000 |
| Frederick, Maryland | 2 | $ 370,000 | $ 185,000 | $ 135,000 |
| Kent, Michigan | 2 | $ 310,000 | $ 155,000 | $ 75,000 |
| Mecklenburg, North Carolina | 2 | $ 640,000 | $ 320,000 | $ 92,000 |
| York, South Carolina | 2 | $ 420,000 | $ 210,000 | $ 87,000 |
| Denton, Texas | 2 | $ 360,000 | $ 180,000 | $ 80,000 |
| Chesterfield, Virginia | 2 | $ 490,000 | $ 245,000 | $ 66,000 |
| Prince William, Virginia | 2 | $ 380,000 | $ 190,000 | $ 45,000 |
| Gila, Arizona | 1 | $ 105,000 | $ 105,000 | $ 62,000 |
| Mohave, Arizona | 1 | $ 215,000 | $ 215,000 | $ 57,000 |
| Kings, California | 1 | $ 155,000 | $ 155,000 | $ 44,000 |
| Monterey, California | 1 | $ 225,000 | $ 225,000 | $ 74,000 |
| Nevada, California | 1 | $ 205,000 | $ 205,000 | $ 138,000 |
| Placer, California | 1 | $ 155,000 | $ 155,000 | $ 44,000 |
| Sacramento, California | 1 | $ 155,000 | $ 155,000 | $ 26,000 |
| Solano, California | 1 | $ 125,000 | $ 125,000 | $ 36,000 |
| Stanislaus, California | 1 | $ 185,000 | $ 185,000 | $ 106,000 |
| Ventura, California | 1 | $ 155,000 | $ 155,000 | $ 81,000 |
| Adams, Colorado | 1 | $ 155,000 | $ 155,000 | $ 68,000 |
| Chaffee, Colorado | 1 | $ 155,000 | $ 155,000 | $ 59,000 |
| Denver, Colorado | 1 | $ 165,000 | $ 165,000 | $ 57,000 |
| Douglas, Colorado | 1 | $ 415,000 | $ 415,000 | $ 147,000 |
| El Paso, Colorado | 1 | $ 375,000 | $ 375,000 | $ 110,000 |
| Hernando, Florida | 1 | $ 95,000 | $ 95,000 | $ 44,000 |
| Hillsborough, Florida | 1 | $ 435,000 | $ 435,000 | $ 138,000 |
| Lee, Florida | 1 | $ 95,000 | $ 95,000 | $ 57,000 |
| Miami-Dade, Florida | 1 | $ 145,000 | $ 145,000 | $ 61,000 |
| Orange, Florida | 1 | $ 165,000 | $ 165,000 | $ 90,000 |
| Palm Beach, Florida | 1 | $ 235,000 | $ 235,000 | $ 120,000 |
| Seminole, Florida | 1 | $ 85,000 | $ 85,000 | $ 63,000 |
| Volusia, Florida | 1 | $ 135,000 | $ 135,000 | $ 37,000 |
| Banks, Georgia | 1 | $ 95,000 | $ 95,000 | $ 51,000 |
| Clarke, Georgia | 1 | $ 135,000 | $ 135,000 | $ 100,000 |
| Coffee, Georgia | 1 | $ 75,000 | $ 75,000 | $ 70,000 |
| Champaign, Illinois | 1 | $ 35,000 | $ 35,000 | $ 31,000 |
| Cook, Illinois | 1 | $ 345,000 | $ 345,000 | $ 98,000 |
| Effingham, Illinois | 1 | $ 145,000 | $ 145,000 | $ 77,000 |
| Henry, Illinois | 1 | $ 205,000 | $ 205,000 | $ 113,000 |
| Knox, Illinois | 1 | $ 15,000 | $ 15,000 | $ 42,000 |
| Vermilion, Illinois | 1 | $ 15,000 | $ 15,000 | $ 58,000 |
| Warren, Illinois | 1 | $ 45,000 | $ 45,000 | $ 33,000 |
| Will, Illinois | 1 | $ 275,000 | $ 275,000 | $ 212,000 |
| Delaware, Indiana | 1 | $ 75,000 | $ 75,000 | $ 84,000 |
| Hendricks, Indiana | 1 | $ 65,000 | $ 65,000 | $ 40,000 |
| Marion, Indiana | 1 | $ 135,000 | $ 135,000 | $ 45,000 |
| Black Hawk, Iowa | 1 | $ 105,000 | $ 105,000 | $ 214,000 |
| Louisa, Iowa | 1 | $ 15,000 | $ 15,000 | $ 55,000 |
| Scott, Iowa | 1 | $ 15,000 | $ 15,000 | $ 52,000 |
| Anne Arundel, Maryland | 1 | $ 415,000 | $ 415,000 | $ 123,000 |
| Harford, Maryland | 1 | $ 315,000 | $ 315,000 | $ 116,000 |
| Montgomery, Maryland | 1 | $ 425,000 | $ 425,000 | $ 168,000 |
| Worcester, Massachusetts | 1 | $ 355,000 | $ 355,000 | $ 155,000 |
| Macomb, Michigan | 1 | $ 225,000 | $ 225,000 | $ 79,000 |
| Oakland, Michigan | 1 | $ 215,000 | $ 215,000 | $ 112,000 |
| Ottawa, Michigan | 1 | $ 115,000 | $ 115,000 | $ 54,000 |
| Wayne, Michigan | 1 | $ 65,000 | $ 65,000 | $ 69,000 |
| Ramsey, Minnesota | 1 | $ 75,000 | $ 75,000 | $ 18,000 |
| Bergen, New Jersey | 1 | $ 205,000 | $ 205,000 | $ 52,000 |
| Essex, New Jersey | 1 | $ 565,000 | $ 565,000 | $ 261,000 |
| Ocean, New Jersey | 1 | $ 75,000 | $ 75,000 | $ 181,000 |
| Sussex, New Jersey | 1 | $ 265,000 | $ 265,000 | $ 125,000 |
| Santa Fe, New Mexico | 1 | $ 75,000 | $ 75,000 | $ 50,000 |
| Forsyth, North Carolina | 1 | $ 125,000 | $ 125,000 | $ 174,000 |
| Gaston, North Carolina | 1 | $ 105,000 | $ 105,000 | $ 63,000 |
| Rowan, North Carolina | 1 | $ 125,000 | $ 125,000 | $ 38,000 |
| Franklin, Ohio | 1 | $ 55,000 | $ 55,000 | $ 88,000 |
| Greene, Ohio | 1 | $ 155,000 | $ 155,000 | $ 54,000 |
| Lucas, Ohio | 1 | $ 85,000 | $ 85,000 | $ 59,000 |
| Warren, Ohio | 1 | $ 265,000 | $ 265,000 | $ 82,000 |
| Washita, Oklahoma | 1 | $ 65,000 | $ 65,000 | $ 35,000 |
| Clackamas, Oregon | 1 | $ 395,000 | $ 395,000 | $ 128,000 |
| Columbia, Oregon | 1 | $ 175,000 | $ 175,000 | $ 89,000 |
| Lane, Oregon | 1 | $ 165,000 | $ 165,000 | $ 78,000 |
| Marion, Oregon | 1 | $ 185,000 | $ 185,000 | $ 94,000 |
| Multnomah, Oregon | 1 | $ 355,000 | $ 355,000 | $ 92,000 |
| Polk, Oregon | 1 | $ 75,000 | $ 75,000 | $ 26,000 |
| Washington, Oregon | 1 | $ 175,000 | $ 175,000 | $ 87,000 |
| Allegheny, Pennsylvania | 1 | $ 125,000 | $ 125,000 | $ 156,000 |
| Lehigh, Pennsylvania | 1 | $ 355,000 | $ 355,000 | $ 145,000 |
| Lycoming, Pennsylvania | 1 | $ 185,000 | $ 185,000 | $ 33,000 |
| Montgomery, Pennsylvania | 1 | $ 245,000 | $ 245,000 | $ 75,000 |
| Beaufort, South Carolina | 1 | $ 185,000 | $ 185,000 | $ 54,000 |
| Jasper, South Carolina | 1 | $ 85,000 | $ 85,000 | $ 22,000 |
| Davidson, Tennessee | 1 | $ 145,000 | $ 145,000 | $ 76,000 |
| Robertson, Tennessee | 1 | $ 235,000 | $ 235,000 | $ 97,000 |
| Rutherford, Tennessee | 1 | $ 195,000 | $ 195,000 | $ 44,000 |
| Sumner, Tennessee | 1 | $ 155,000 | $ 155,000 | $ 57,000 |
| White, Tennessee | 1 | $ 155,000 | $ 155,000 | $ 127,000 |
| Williamson, Tennessee | 1 | $ 195,000 | $ 195,000 | $ 70,000 |
| Angelina, Texas | 1 | $ 125,000 | $ 125,000 | $ 117,000 |
| Collin, Texas | 1 | $ 145,000 | $ 145,000 | $ 156,000 |
| Dallas, Texas | 1 | $ 175,000 | $ 175,000 | $ 50,000 |
| El Paso, Texas | 1 | $ 195,000 | $ 195,000 | $ 52,000 |
| Guadalupe, Texas | 1 | $ 105,000 | $ 105,000 | $ 33,000 |
| Moore, Texas | 1 | $ 75,000 | $ 75,000 | $ 47,000 |
| Orange, Texas | 1 | $ 45,000 | $ 45,000 | $ 41,000 |
| Randall, Texas | 1 | $ 85,000 | $ 85,000 | $ 35,000 |
| Williamson, Texas | 1 | $ 105,000 | $ 105,000 | $ 32,000 |
| Davis, Utah | 1 | $ 205,000 | $ 205,000 | $ 89,000 |
| Garfield, Utah | 1 | $ 145,000 | $ 145,000 | $ 95,000 |
| Salt Lake, Utah | 1 | $ 245,000 | $ 245,000 | $ 55,000 |
| Bedford, Virginia | 1 | $ 135,000 | $ 135,000 | $ 90,000 |
| Fauquier, Virginia | 1 | $ 235,000 | $ 235,000 | $ 79,000 |
| Hanover, Virginia | 1 | $ 195,000 | $ 195,000 | $ 114,000 |
| Loudoun, Virginia | 1 | $ 175,000 | $ 175,000 | $ 88,000 |
| Montgomery, Virginia | 1 | $ 115,000 | $ 115,000 | $ 46,000 |
| Rockingham, Virginia | 1 | $ 155,000 | $ 155,000 | $ 77,000 |
| Clark, Washington | 1 | $ 305,000 | $ 305,000 | $ 178,000 |
| Milwaukee, Wisconsin | 1 | $ 175,000 | $ 175,000 | $ 75,000 |
| St. Croix, Wisconsin | 1 | $ 195,000 | $ 195,000 | $ 86,000 |
Mortgage Loan Application Detail Totals for Farmers-Merchants Bank of Illinois in 2018
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 | 163 | $36,145,000 | $221,000 | $635,000 | $92,000 | $300,000 |
| Home Purchase | 71 | $9,255,000 | $130,000 | $675,000 | $79,000 | $261,000 |
| Refinancing | 36 | $5,500,000 | $152,000 | $645,000 | $83,000 | $197,000 |
| Other Purpose | 2 | $120,000 | $60,000 | $105,000 | $134,000 | $214,000 |
| Home Improvement | 2 | $50,000 | $25,000 | $35,000 | $31,000 | $47,000 |
| 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 | 168 | $25,440,000 | $151,000 | $675,000 | $80,000 | $261,000 |
| Not Provided | 49 | $12,235,000 | $249,000 | $645,000 | $105,000 | $243,000 |
| Hispanic | 30 | $6,870,000 | $229,000 | $455,000 | $86,000 | $153,000 |
| Asian | 18 | $4,760,000 | $264,000 | $605,000 | $110,000 | $300,000 |
| Black or African American | 7 | $1,555,000 | $222,000 | $635,000 | $79,000 | $127,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $95,000 | $95,000 | $95,000 | $57,000 | $57,000 |
| American Indian or Alaskan Native | 1 | $115,000 | $115,000 | $115,000 | $65,000 | $65,000 |
| Not applicable | 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) | 273 | $51,025,000 | $186,000 | $675,000 | $87,000 | $300,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $45,000 | $45,000 | $45,000 | $31,000 | $31,000 |
| 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 Purchased By The Institution | 210 | $46,610,000 | $221,000 | $675,000 | $94,000 | $300,000 |
| Loan Originated | 33 | $2,615,000 | $79,000 | $275,000 | $70,000 | $149,000 |
| Application Denied By Financial Institution | 20 | $930,000 | $46,000 | $145,000 | $62,000 | $214,000 |
| Application Withdrawn By Applicant | 6 | $730,000 | $121,000 | $225,000 | $54,000 | $145,000 |
| Application Approved But Not Accepted | 3 | $75,000 | $25,000 | $35,000 | $44,000 | $58,000 |
| File Closed For Incompleteness | 2 | $110,000 | $55,000 | $95,000 | $76,000 | $136,000 |
| 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 | 274 | $51,070,000 | $186,000 | $675,000 | $87,000 | $300,000 |
| 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 Bank of Illinois's 2018 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 Bank of Illinois'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 Illinois, download the full spreadsheet
with aggregated HMDA statistics today.
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