Merchants & Farmers Bank Mortgage Lending & HMDA Data, 2004
In 2004, Merchants & Farmers Bank of Salisbury, MO reported 89 mortgage applications totaling $5.2 million, down 21% from 2003. The average application was for $58,831, and applicants reported an average income of $40,921. 82% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Columbia, MO (44) and Kansas City, MO-KS (7).
| Mortgage Company & Address | Merchants & Farmers Bank 507 N Weber Salisbury, MO 65281 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 89 |
| Total Mortgage Loan Application Amount | $5,236,000 |
| Average Mortgage Loan Application Amount | $58,831 |
| Highest Mortgage Loan Application Amount | $454,000 |
| Average Applicant Income | $40,921 |
| Highest Applicant Income | $210,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Merchants & Farmers Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Boone, Missouri | 25 | $ 2,379,000 | $ 95,160 | $ 62,000 |
| Howard, Missouri | 19 | $ 857,000 | $ 45,105 | $ 28,000 |
| Ray, Missouri | 6 | $ 304,000 | $ 50,666 | $ 44,000 |
| Cooper, Missouri | 3 | $ 138,000 | $ 46,000 | $ 29,000 |
| Lafayette, Missouri | 1 | $ 312,000 | $ 312,000 | $ 71,000 |
| Randolph, Missouri | 1 | $ 30,000 | $ 30,000 | $ 37,000 |
Mortgage Loan Application Detail Totals for Merchants & Farmers Bank in 2004
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 | 38 | $2,317,000 | $54,500 | $312,000 | $39,000 | $122,000 |
| Refinancing | 33 | $2,099,000 | $55,000 | $454,000 | $39,000 | $210,000 |
| Home Improvement | 18 | $820,000 | $47,000 | $102,000 | $44,000 | $113,000 |
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 | 80 | $4,943,000 | $58,000 | $454,000 | $38,500 | $210,000 |
| Not applicable | 5 | $283,000 | $56,000 | $75,000 | $68,000 | $113,000 |
| Black or African American | 4 | $10,000 | $2,000 | $4,000 | $19,000 | $21,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 89 | $5,236,000 | $54,000 | $454,000 | $39,500 | $210,000 |
| 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 |
| VA-guaranteed (Veterans 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 | 73 | $4,669,000 | $58,000 | $454,000 | $49,500 | $210,000 |
| Application Denied By Financial Institution | 11 | $312,000 | $25,500 | $102,000 | $25,500 | $60,000 |
| Application Withdrawn By Applicant | 3 | $140,000 | $50,000 | $70,000 | $26,500 | $49,000 |
| Preapproval Approved but not Accepted | 1 | $45,000 | $45,000 | $45,000 | $24,000 | $24,000 |
| Application Approved But Not Accepted | 1 | $70,000 | $70,000 | $70,000 | $47,000 | $47,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 10 | $308,000 | $28,000 | $102,000 | $26,000 | $60,000 |
| Other | 1 | $4,000 | $4,000 | $4,000 | $21,000 | $21,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Merchants & Farmers Bank's 2004 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'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 Missouri, download the full spreadsheet
with aggregated HMDA statistics today.
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