Merchants & Farmers Bank & Tc Mortgage Lending & HMDA Data, 2017
In 2017, Merchants & Farmers Bank & Tc of Leesville, LA reported 274 mortgage applications totaling $33.3 million, down 2% from 2016. The average application was for $121,419, and applicants reported an average income of $83,222. 70% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Lake Charles, LA (41), Alexandria, LA (13) and Lafayette, 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 | 274 |
| Total Mortgage Loan Application Amount | $33,269,000 |
| Average Mortgage Loan Application Amount | $121,419 |
| Highest Mortgage Loan Application Amount | $1,927,000 |
| Average Applicant Income | $83,222 |
| Highest Applicant Income | $901,000 |
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records Merchants & Farmers Bank & Tc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Merchants & Farmers Bank & Tc in 2017
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 | 169 | $21,524,000 | $127,000 | $1,927,000 | $81,000 | $901,000 |
| Refinancing | 69 | $8,707,000 | $126,000 | $696,000 | $94,000 | $901,000 |
| Home Improvement | 36 | $3,038,000 | $84,000 | $321,000 | $73,000 | $225,000 |
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 | 213 | $24,291,000 | $114,000 | $696,000 | $96,000 | $901,000 |
| Not applicable | 31 | $5,670,000 | $182,000 | $1,927,000 | $0 | $0 |
| Asian | 11 | $1,324,000 | $120,000 | $166,000 | $70,000 | $181,000 |
| Black or African American | 7 | $496,000 | $70,000 | $128,000 | $86,000 | $120,000 |
| Hispanic | 5 | $393,000 | $78,000 | $168,000 | $82,000 | $144,000 |
| Not Provided | 5 | $947,000 | $189,000 | $316,000 | $108,000 | $191,000 |
| American Indian or Alaskan Native | 2 | $148,000 | $74,000 | $122,000 | $55,000 | $60,000 |
| Native Hawaiian 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) | 268 | $32,592,000 | $121,000 | $1,927,000 | $84,000 | $901,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 4 | $449,000 | $112,000 | $162,000 | $49,000 | $74,000 |
| VA-guaranteed (Veterans Administration) | 1 | $126,000 | $126,000 | $126,000 | $63,000 | $63,000 |
| FHA-insured (Federal Housing Administration) | 1 | $102,000 | $102,000 | $102,000 | $47,000 | $47,000 |
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 | 192 | $24,451,000 | $127,000 | $1,927,000 | $89,000 | $901,000 |
| Application Approved But Not Accepted | 24 | $2,516,000 | $104,000 | $250,000 | $87,000 | $243,000 |
| Preapproval Denied by Financial Institution | 21 | $1,944,000 | $92,000 | $252,000 | $58,000 | $216,000 |
| Application Denied By Financial Institution | 19 | $1,931,000 | $101,000 | $310,000 | $66,000 | $193,000 |
| Preapproval Approved but not Accepted | 17 | $2,259,000 | $132,000 | $330,000 | $66,000 | $131,000 |
| Application Withdrawn By Applicant | 1 | $168,000 | $168,000 | $168,000 | $144,000 | $144,000 |
| 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 2017 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.
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