Merchants & Farmers Bank & Tc Mortgage Lending & HMDA Data, 2014
In 2014, Merchants & Farmers Bank & Tc of Leesville, LA reported 215 mortgage applications totaling $24.3 million, down 25% from 2013. The average application was for $112,865, and applicants reported an average income of $75,395. 58% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Lake Charles, LA (39), Alexandria, LA (2) and Baton Rouge, LA (1) (applications in parentheses).
| Mortgage Company & Address | Merchants & Farmers Bank & Tc 501 South Fifth St Leesville, LA 71446 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 |
| Total Number of Mortgage Applications | 215 |
| Total Mortgage Loan Application Amount | $24,266,000 |
| Average Mortgage Loan Application Amount | $112,865 |
| Highest Mortgage Loan Application Amount | $915,000 |
| Average Applicant Income | $75,395 |
| Highest Applicant Income | $422,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Merchants & Farmers Bank & Tc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Vernon, Louisiana | 104 | $ 9,147,000 | $ 87,951 | $ 71,000 |
| Calcasieu, Louisiana | 37 | $ 5,712,000 | $ 154,378 | $ 74,000 |
| Beauregard, Louisiana | 6 | $ 985,000 | $ 164,166 | $ 96,000 |
| Allen, Louisiana | 4 | $ 639,000 | $ 159,750 | $ 101,000 |
| Sabine, Louisiana | 4 | $ 154,000 | $ 38,500 | $ 59,000 |
| Cameron, Louisiana | 2 | $ 191,000 | $ 95,500 | $ 0 |
| Jefferson Davis, Louisiana | 2 | $ 349,000 | $ 174,500 | $ 68,000 |
| East Baton Rouge, Louisiana | 1 | $ 284,000 | $ 284,000 | $ 148,000 |
| Grant, Louisiana | 1 | $ 45,000 | $ 45,000 | $ 1,000 |
| Lafayette, Louisiana | 1 | $ 86,000 | $ 86,000 | $ 393,000 |
| Rapides, Louisiana | 1 | $ 56,000 | $ 56,000 | $ 80,000 |
Mortgage Loan Application Detail Totals for Merchants & Farmers Bank & Tc in 2014
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 | 128 | $16,359,000 | $127,000 | $563,000 | $76,000 | $422,000 |
| Refinancing | 50 | $5,536,000 | $110,000 | $915,000 | $66,000 | $242,000 |
| Home Improvement | 37 | $2,371,000 | $64,000 | $279,000 | $86,000 | $330,000 |
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 | 170 | $19,504,000 | $114,000 | $563,000 | $89,000 | $422,000 |
| Not applicable | 17 | $2,926,000 | $172,000 | $915,000 | $0 | $0 |
| Black or African American | 12 | $809,000 | $67,000 | $198,000 | $31,000 | $59,000 |
| American Indian or Alaskan Native | 7 | $350,000 | $50,000 | $117,000 | $47,000 | $90,000 |
| Hispanic | 5 | $345,000 | $69,000 | $111,000 | $54,000 | $116,000 |
| Not Provided | 3 | $144,000 | $48,000 | $78,000 | $33,000 | $37,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $188,000 | $188,000 | $188,000 | $83,000 | $83,000 |
| Asian | 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) | 207 | $23,355,000 | $112,000 | $915,000 | $76,000 | $422,000 |
| VA-guaranteed (Veterans Administration) | 4 | $381,000 | $95,000 | $155,000 | $45,000 | $73,000 |
| FHA-insured (Federal Housing Administration) | 2 | $311,000 | $155,000 | $188,000 | $62,000 | $83,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $219,000 | $109,000 | $130,000 | $36,000 | $54,000 |
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 | 125 | $14,599,000 | $116,000 | $915,000 | $81,000 | $393,000 |
| Preapproval Approved but not Accepted | 27 | $4,910,000 | $181,000 | $563,000 | $112,000 | $422,000 |
| Preapproval Denied by Financial Institution | 26 | $1,772,000 | $68,000 | $160,000 | $40,000 | $163,000 |
| Application Denied By Financial Institution | 25 | $1,918,000 | $76,000 | $279,000 | $51,000 | $135,000 |
| Application Approved But Not Accepted | 10 | $834,000 | $83,000 | $273,000 | $67,000 | $137,000 |
| Application Withdrawn By Applicant | 1 | $188,000 | $188,000 | $188,000 | $83,000 | $83,000 |
| File Closed For Incompleteness | 1 | $45,000 | $45,000 | $45,000 | $1,000 | $1,000 |
| Loan Purchased By The 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 Merchants & Farmers Bank & Tc's 2014 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 Merchants & Farmers Bank & Tc'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 Louisiana, download the full spreadsheet
with aggregated HMDA statistics today.
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