Merchants & Farmers Bank & Tc Mortgage Lending & HMDA Data, 2018
In 2018, Merchants & Farmers Bank & Tc of Leesville, LA reported 247 mortgage applications totaling $31.1 million, down 10% from 2017. The average application was for $125,809, and applicants reported an average income of $88,433. 74% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Lake Charles, LA (52), Alexandria, LA (17) and Crestview-Fort Walton Beach-Destin, FL (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 | 247 |
| Total Mortgage Loan Application Amount | $31,075,000 |
| Average Mortgage Loan Application Amount | $125,809 |
| Highest Mortgage Loan Application Amount | $1,985,000 |
| Average Applicant Income | $88,433 |
| Highest Applicant Income | $416,000 |
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records Merchants & Farmers Bank & Tc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 119 | $ 12,265,000 | $ 103,067 | $ 89,000 |
| Calcasieu, Louisiana | 47 | $ 8,155,000 | $ 173,510 | $ 97,000 |
| Beauregard, Louisiana | 22 | $ 2,210,000 | $ 100,454 | $ 81,000 |
| Rapides, Louisiana | 16 | $ 2,100,000 | $ 131,250 | $ 89,000 |
| Sabine, Louisiana | 10 | $ 850,000 | $ 85,000 | $ 77,000 |
| Allen, Louisiana | 6 | $ 880,000 | $ 146,666 | $ 86,000 |
| Cameron, Louisiana | 5 | $ 1,415,000 | $ 283,000 | $ 127,000 |
| Walton, Florida | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Grant, Louisiana | 1 | $ 125,000 | $ 125,000 | $ 88,000 |
| Jefferson Davis, Louisiana | 1 | $ 195,000 | $ 195,000 | $ 44,000 |
| Lafayette, Louisiana | 1 | $ 445,000 | $ 445,000 | $ 148,000 |
Mortgage Loan Application Detail Totals for Merchants & Farmers Bank & Tc 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 137 | $14,355,000 | $104,000 | $455,000 | $92,000 | $416,000 |
| Refinancing | 99 | $16,145,000 | $163,000 | $1,985,000 | $84,000 | $232,000 |
| Other Purpose | 6 | $330,000 | $55,000 | $135,000 | $78,000 | $175,000 |
| Home Improvement | 5 | $245,000 | $49,000 | $85,000 | $91,000 | $138,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 191 | $20,215,000 | $105,000 | $455,000 | $91,000 | $416,000 |
| Not applicable | 36 | $9,000,000 | $250,000 | $1,985,000 | $0 | $0 |
| Black or African American | 10 | $620,000 | $62,000 | $235,000 | $59,000 | $92,000 |
| Hispanic | 5 | $605,000 | $121,000 | $185,000 | $77,000 | $112,000 |
| Asian | 3 | $375,000 | $125,000 | $155,000 | $50,000 | $82,000 |
| American Indian or Alaskan Native | 1 | $125,000 | $125,000 | $125,000 | $40,000 | $40,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 246 | $30,820,000 | $125,000 | $1,985,000 | $88,000 | $416,000 |
| VA-guaranteed (Veterans Administration) | 1 | $255,000 | $255,000 | $255,000 | $140,000 | $140,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 183 | $23,825,000 | $130,000 | $1,985,000 | $92,000 | $416,000 |
| Application Denied By Financial Institution | 24 | $2,310,000 | $96,000 | $275,000 | $69,000 | $185,000 |
| Application Approved But Not Accepted | 21 | $2,335,000 | $111,000 | $425,000 | $90,000 | $168,000 |
| Preapproval Denied by Financial Institution | 9 | $1,035,000 | $115,000 | $235,000 | $81,000 | $122,000 |
| Preapproval Approved but not Accepted | 7 | $1,175,000 | $167,000 | $255,000 | $76,000 | $140,000 |
| Application Withdrawn By Applicant | 3 | $395,000 | $131,000 | $245,000 | $130,000 | $141,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 247 | $31,075,000 | $125,000 | $1,985,000 | $88,000 | $416,000 |
| 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 Merchants & Farmers Bank & Tc'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 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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