Merchants & Farmers Bank & Tc Mortgage Lending & HMDA Data, 2021
In 2021, Merchants & Farmers Bank & Tc of Leesville, LA reported 193 mortgage applications totaling $27.4 million, up 25% from 2020. The average application was for $141,839, and applicants reported an average income of $117,150. 77% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Lake Charles, LA (75), Alexandria, LA (4) 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 | 193 |
| Total Mortgage Loan Application Amount | $27,375,000 |
| Average Mortgage Loan Application Amount | $141,839 |
| Highest Mortgage Loan Application Amount | $2,125,000 |
| Average Applicant Income | $117,150 |
| Highest Applicant Income | $837,000 |
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records Merchants & Farmers Bank & Tc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Calcasieu, Louisiana | 73 | $ 9,965,000 | $ 136,506 | $ 171,000 |
| Vernon, Louisiana | 70 | $ 7,690,000 | $ 109,857 | $ 82,000 |
| Beauregard, Louisiana | 20 | $ 2,460,000 | $ 123,000 | $ 107,000 |
| Sabine, Louisiana | 12 | $ 2,000,000 | $ 166,666 | $ 131,000 |
| Allen, Louisiana | 8 | $ 1,200,000 | $ 150,000 | $ 88,000 |
| Rapides, Louisiana | 4 | $ 940,000 | $ 235,000 | $ 148,000 |
| Cameron, Louisiana | 2 | $ 230,000 | $ 115,000 | $ 48,000 |
| Walton, Florida | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Jefferson Davis, Louisiana | 1 | $ 2,125,000 | $ 2,125,000 | $ 0 |
| Lafayette, Louisiana | 1 | $ 185,000 | $ 185,000 | $ 741,000 |
| Angelina, Texas | 1 | $ 355,000 | $ 355,000 | $ 146,000 |
Mortgage Loan Application Detail Totals for Merchants & Farmers Bank & Tc in 2021
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 | 108 | $14,750,000 | $136,000 | $2,125,000 | $114,000 | $741,000 |
| Refinancing | 79 | $11,625,000 | $147,000 | $555,000 | $119,000 | $837,000 |
| Other Purpose | 3 | $475,000 | $158,000 | $355,000 | $148,000 | $270,000 |
| Home Improvement | 3 | $525,000 | $175,000 | $205,000 | $151,000 | $210,000 |
| 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 | 119 | $16,985,000 | $142,000 | $555,000 | $116,000 | $837,000 |
| Not applicable | 45 | $6,955,000 | $154,000 | $2,125,000 | $0 | $0 |
| Black or African American | 16 | $1,310,000 | $81,000 | $345,000 | $98,000 | $251,000 |
| Asian | 6 | $920,000 | $153,000 | $215,000 | $226,000 | $288,000 |
| Not Provided | 6 | $1,120,000 | $186,000 | $345,000 | $116,000 | $285,000 |
| Hispanic | 1 | $85,000 | $85,000 | $85,000 | $29,000 | $29,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 191 | $26,865,000 | $140,000 | $2,125,000 | $118,000 | $837,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $165,000 | $165,000 | $165,000 | $73,000 | $73,000 |
| VA-guaranteed (Veterans Administration) | 1 | $345,000 | $345,000 | $345,000 | $183,000 | $183,000 |
| 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 | 148 | $19,610,000 | $132,000 | $555,000 | $129,000 | $837,000 |
| Application Denied By Financial Institution | 25 | $2,565,000 | $102,000 | $245,000 | $70,000 | $251,000 |
| Application Approved But Not Accepted | 19 | $5,055,000 | $266,000 | $2,125,000 | $123,000 | $260,000 |
| File Closed For Incompleteness | 1 | $145,000 | $145,000 | $145,000 | $120,000 | $120,000 |
| Application Withdrawn By Applicant | 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 | 193 | $27,375,000 | $141,000 | $2,125,000 | $118,000 | $837,000 |
| 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 2021 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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