Merchants & Farmers Bank & Tc Mortgage Lending & HMDA Data, 2016
In 2016, Merchants & Farmers Bank & Tc of Leesville, LA reported 281 mortgage applications totaling $30.6 million, up 4% from 2015. The average application was for $108,743, and applicants reported an average income of $72,427. 65% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Lake Charles, LA (53) and Alexandria, LA (10).
| 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 | 281 |
| Total Mortgage Loan Application Amount | $30,557,000 |
| Average Mortgage Loan Application Amount | $108,743 |
| Highest Mortgage Loan Application Amount | $1,605,000 |
| Average Applicant Income | $72,427 |
| Highest Applicant Income | $625,000 |
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records Merchants & Farmers Bank & Tc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 143 | $ 16,204,000 | $ 113,314 | $ 78,000 |
| Calcasieu, Louisiana | 53 | $ 6,030,000 | $ 113,773 | $ 70,000 |
| Beauregard, Louisiana | 16 | $ 1,576,000 | $ 98,500 | $ 69,000 |
| Rapides, Louisiana | 10 | $ 1,036,000 | $ 103,600 | $ 62,000 |
| Sabine, Louisiana | 9 | $ 1,050,000 | $ 116,666 | $ 92,000 |
| Allen, Louisiana | 1 | $ 48,000 | $ 48,000 | $ 73,000 |
| Lincoln, Louisiana | 1 | $ 41,000 | $ 41,000 | $ 66,000 |
| Natchitoches, Louisiana | 1 | $ 170,000 | $ 170,000 | $ 73,000 |
Mortgage Loan Application Detail Totals for Merchants & Farmers Bank & Tc in 2016
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 | 162 | $19,023,000 | $117,000 | $1,605,000 | $70,000 | $309,000 |
| Refinancing | 65 | $7,970,000 | $122,000 | $328,000 | $78,000 | $346,000 |
| Home Improvement | 54 | $3,564,000 | $66,000 | $250,000 | $73,000 | $625,000 |
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 | 217 | $22,751,000 | $104,000 | $366,000 | $80,000 | $346,000 |
| Not applicable | 23 | $4,458,000 | $193,000 | $1,605,000 | $0 | $0 |
| Black or African American | 14 | $1,110,000 | $79,000 | $328,000 | $89,000 | $625,000 |
| Hispanic | 9 | $732,000 | $81,000 | $131,000 | $56,000 | $135,000 |
| Asian | 7 | $365,000 | $52,000 | $108,000 | $42,000 | $69,000 |
| American Indian or Alaskan Native | 6 | $682,000 | $113,000 | $200,000 | $86,000 | $160,000 |
| Not Provided | 5 | $459,000 | $91,000 | $200,000 | $85,000 | $120,000 |
| Native Hawaiin or Other Pacific Islander | 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) | 266 | $28,959,000 | $108,000 | $1,605,000 | $74,000 | $625,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 10 | $933,000 | $93,000 | $170,000 | $41,000 | $76,000 |
| VA-guaranteed (Veterans Administration) | 4 | $562,000 | $140,000 | $260,000 | $86,000 | $135,000 |
| FHA-insured (Federal Housing Administration) | 1 | $103,000 | $103,000 | $103,000 | $45,000 | $45,000 |
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 | 183 | $19,739,000 | $107,000 | $488,000 | $80,000 | $625,000 |
| Application Denied By Financial Institution | 38 | $4,645,000 | $122,000 | $1,605,000 | $64,000 | $309,000 |
| Preapproval Denied by Financial Institution | 21 | $1,348,000 | $64,000 | $142,000 | $47,000 | $123,000 |
| Preapproval Approved but not Accepted | 20 | $2,550,000 | $127,000 | $275,000 | $65,000 | $148,000 |
| Application Approved But Not Accepted | 17 | $2,141,000 | $125,000 | $300,000 | $55,000 | $102,000 |
| Application Withdrawn By Applicant | 2 | $134,000 | $67,000 | $70,000 | $83,000 | $135,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 2016 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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