The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2005
In 2005, The Farmers & Merchants State Bank of Archbold, OH reported 1,048 mortgage applications totaling $97.2 million, down 9% from 2004. The average application was for $92,773, and applicants reported an average income of $40,961. 68% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Toledo, OH (399), Columbus, OH (2) and Fort Wayne, IN (2) (applications in parentheses).
| Mortgage Company & Address | The Farmers & Merchants State Bank 307 N Defiance St Archbold, OH 43502 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 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,048 |
| Total Mortgage Loan Application Amount | $97,227,000 |
| Average Mortgage Loan Application Amount | $92,773 |
| Highest Mortgage Loan Application Amount | $2,600,000 |
| Average Applicant Income | $40,961 |
| Highest Applicant Income | $309,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Williams, Ohio | 401 | $ 29,624,000 | $ 73,875 | $ 37,000 |
| Fulton, Ohio | 344 | $ 35,697,000 | $ 103,770 | $ 41,000 |
| Henry, Ohio | 115 | $ 10,460,000 | $ 90,956 | $ 35,000 |
| Defiance, Ohio | 71 | $ 5,818,000 | $ 81,943 | $ 43,000 |
| Lucas, Ohio | 50 | $ 6,223,000 | $ 124,460 | $ 40,000 |
| Hillsdale, Michigan | 20 | $ 1,658,000 | $ 82,900 | $ 37,000 |
| Lenawee, Michigan | 11 | $ 1,528,000 | $ 138,909 | $ 43,000 |
| Paulding, Ohio | 7 | $ 378,000 | $ 54,000 | $ 22,000 |
| Wood, Ohio | 5 | $ 518,000 | $ 103,600 | $ 86,000 |
| Steuben, Indiana | 4 | $ 750,000 | $ 187,500 | $ 117,000 |
| Branch, Michigan | 3 | $ 451,000 | $ 150,333 | $ 150,000 |
| Putnam, Ohio | 3 | $ 76,000 | $ 25,333 | $ 21,000 |
| Allen, Indiana | 2 | $ 291,000 | $ 145,500 | $ 166,000 |
| DeKalb, Indiana | 2 | $ 211,000 | $ 105,500 | $ 50,000 |
| Shelby, Alabama | 1 | $ 225,000 | $ 225,000 | $ 82,000 |
| Marion, Indiana | 1 | $ 50,000 | $ 50,000 | $ 87,000 |
| Kalkaska, Michigan | 1 | $ 40,000 | $ 40,000 | $ 144,000 |
| Mackinac, Michigan | 1 | $ 40,000 | $ 40,000 | $ 47,000 |
| Monroe, Michigan | 1 | $ 90,000 | $ 90,000 | $ 25,000 |
| Gaston, North Carolina | 1 | $ 266,000 | $ 266,000 | $ 104,000 |
| Crawford, Ohio | 1 | $ 2,600,000 | $ 2,600,000 | $ 0 |
| Franklin, Ohio | 1 | $ 117,000 | $ 117,000 | $ 245,000 |
| Licking, Ohio | 1 | $ 36,000 | $ 36,000 | $ 65,000 |
| Montgomery, Ohio | 1 | $ 80,000 | $ 80,000 | $ 33,000 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants State Bank in 2005
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 |
|---|---|---|---|---|---|---|
| Refinancing | 553 | $50,988,000 | $98,333 | $2,600,000 | $73,666 | $276,000 |
| Home Purchase | 429 | $44,732,000 | $177,600 | $1,500,000 | $72,600 | $309,000 |
| Home Improvement | 66 | $1,507,000 | $22,000 | $355,000 | $52,500 | $144,000 |
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 | 975 | $86,934,000 | $164,800 | $600,000 | $78,800 | $309,000 |
| Hispanic | 47 | $3,409,000 | $72,000 | $190,000 | $40,000 | $111,000 |
| Not applicable | 17 | $6,186,000 | $363,000 | $2,600,000 | $0 | $0 |
| Not Provided | 4 | $338,000 | $84,000 | $120,000 | $36,000 | $81,000 |
| Black or African American | 2 | $129,000 | $64,000 | $79,000 | $24,000 | $49,000 |
| American Indian or Alaskan Native | 2 | $159,000 | $79,000 | $82,000 | $48,000 | $54,000 |
| Asian | 1 | $72,000 | $72,000 | $72,000 | $26,000 | $26,000 |
| 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) | 1,048 | $97,227,000 | $165,600 | $2,600,000 | $78,000 | $309,000 |
| 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 | 708 | $67,357,000 | $155,500 | $2,600,000 | $85,500 | $309,000 |
| Application Denied By Financial Institution | 174 | $13,781,000 | $73,666 | $250,000 | $37,000 | $111,000 |
| Application Withdrawn By Applicant | 148 | $14,289,000 | $157,333 | $600,000 | $61,666 | $133,000 |
| Application Approved But Not Accepted | 18 | $1,800,000 | $106,000 | $241,000 | $41,500 | $104,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Credit History | 98 | $7,508,000 | $71,333 | $226,000 | $37,333 | $108,000 |
| Debt-To-Income Ratio | 39 | $3,139,000 | $90,000 | $250,000 | $30,000 | $71,000 |
| Collateral | 16 | $1,484,000 | $92,000 | $210,000 | $50,000 | $68,000 |
| Other | 8 | $792,000 | $99,000 | $158,000 | $43,000 | $111,000 |
| Employment History | 5 | $264,000 | $52,000 | $104,000 | $10,000 | $45,000 |
| Credit Application Incomplete | 3 | $160,000 | $53,000 | $64,000 | $19,000 | $59,000 |
| Unverifiable Information | 2 | $322,000 | $161,000 | $175,000 | $41,000 | $52,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $37,000 | $18,000 | $22,000 | $31,000 | $43,000 |
| Mortgage Insurance Denied | 1 | $75,000 | $75,000 | $75,000 | $64,000 | $64,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants State Bank's 2005 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 The Farmers & Merchants State 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 Ohio, download the full spreadsheet
with aggregated HMDA statistics today.
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