The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2006
In 2006, The Farmers & Merchants State Bank of Archbold, OH reported 949 mortgage applications totaling $87.5 million, down 9% from 2005. The average application was for $92,171, and applicants reported an average income of $48,660. 62% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Toledo, OH (346), Cincinnati-Middletown, OH-KY-IN (1) and Columbus, OH (1) (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 | 949 |
| Total Mortgage Loan Application Amount | $87,471,000 |
| Average Mortgage Loan Application Amount | $92,171 |
| Highest Mortgage Loan Application Amount | $3,350,000 |
| Average Applicant Income | $48,660 |
| Highest Applicant Income | $384,000 |
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The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 363 | $ 24,137,000 | $ 66,493 | $ 45,000 |
| Fulton, Ohio | 297 | $ 29,501,000 | $ 99,329 | $ 54,000 |
| Henry, Ohio | 100 | $ 9,109,000 | $ 91,090 | $ 45,000 |
| Defiance, Ohio | 83 | $ 7,221,000 | $ 87,000 | $ 51,000 |
| Lucas, Ohio | 39 | $ 4,476,000 | $ 114,769 | $ 41,000 |
| Hillsdale, Michigan | 16 | $ 1,506,000 | $ 94,125 | $ 43,000 |
| Paulding, Ohio | 14 | $ 1,258,000 | $ 89,857 | $ 60,000 |
| Wood, Ohio | 9 | $ 1,516,000 | $ 168,444 | $ 74,000 |
| Steuben, Indiana | 5 | $ 1,084,000 | $ 216,800 | $ 78,000 |
| Lenawee, Michigan | 5 | $ 418,000 | $ 83,600 | $ 49,000 |
| Putnam, Ohio | 3 | $ 265,000 | $ 88,333 | $ 57,000 |
| Hancock, Ohio | 2 | $ 233,000 | $ 116,500 | $ 64,000 |
| Charlotte, Florida | 1 | $ 50,000 | $ 50,000 | $ 36,000 |
| Troup, Georgia | 1 | $ 2,200,000 | $ 2,200,000 | $ 0 |
| DeKalb, Indiana | 1 | $ 117,000 | $ 117,000 | $ 29,000 |
| St. Joseph, Indiana | 1 | $ 62,000 | $ 62,000 | $ 27,000 |
| Monroe, Michigan | 1 | $ 103,000 | $ 103,000 | $ 38,000 |
| Carteret, North Carolina | 1 | $ 190,000 | $ 190,000 | $ 120,000 |
| Allen, Ohio | 1 | $ 36,000 | $ 36,000 | $ 19,000 |
| Logan, Ohio | 1 | $ 92,000 | $ 92,000 | $ 31,000 |
| Ottawa, Ohio | 1 | $ 144,000 | $ 144,000 | $ 72,000 |
| Sandusky, Ohio | 1 | $ 66,000 | $ 66,000 | $ 55,000 |
| Union, Ohio | 1 | $ 169,000 | $ 169,000 | $ 54,000 |
| Warren, Ohio | 1 | $ 168,000 | $ 168,000 | $ 50,000 |
| Wyandot, Ohio | 1 | $ 3,350,000 | $ 3,350,000 | $ 0 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants State Bank in 2006
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 | 456 | $44,893,000 | $98,000 | $3,350,000 | $54,000 | $384,000 |
| Home Purchase | 404 | $40,848,000 | $101,000 | $2,200,000 | $43,000 | $159,000 |
| Home Improvement | 89 | $1,730,000 | $19,000 | $122,000 | $47,000 | $138,000 |
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 | 875 | $75,019,000 | $85,000 | $450,000 | $50,000 | $384,000 |
| Hispanic | 44 | $2,640,000 | $60,000 | $213,000 | $44,000 | $92,000 |
| Not applicable | 18 | $8,828,000 | $490,000 | $3,350,000 | $0 | $0 |
| American Indian or Alaskan Native | 4 | $218,000 | $54,000 | $107,000 | $13,000 | $54,000 |
| Asian | 3 | $325,000 | $108,000 | $152,000 | $42,000 | $48,000 |
| Not Provided | 3 | $219,000 | $73,000 | $105,000 | $40,000 | $73,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $222,000 | $111,000 | $147,000 | $47,000 | $72,000 |
| Black or African American | 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) | 949 | $87,471,000 | $92,000 | $3,350,000 | $49,000 | $384,000 |
| 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 | 592 | $56,531,000 | $95,000 | $3,350,000 | $51,000 | $384,000 |
| Application Denied By Financial Institution | 202 | $16,976,000 | $84,000 | $264,000 | $41,000 | $248,000 |
| Application Withdrawn By Applicant | 146 | $13,056,000 | $89,000 | $374,000 | $49,000 | $141,000 |
| Application Approved But Not Accepted | 8 | $806,000 | $100,000 | $246,000 | $55,000 | $95,000 |
| File Closed For Incompleteness | 1 | $102,000 | $102,000 | $102,000 | $55,000 | $55,000 |
| 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 | 119 | $10,056,000 | $84,000 | $260,000 | $41,000 | $248,000 |
| Debt-To-Income Ratio | 46 | $4,143,000 | $90,000 | $264,000 | $38,000 | $104,000 |
| Collateral | 18 | $1,436,000 | $79,000 | $200,000 | $39,000 | $73,000 |
| Other | 11 | $833,000 | $75,000 | $112,000 | $56,000 | $114,000 |
| Employment History | 5 | $312,000 | $62,000 | $83,000 | $34,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $15,000 | $15,000 | $15,000 | $38,000 | $38,000 |
| Unverifiable Information | 1 | $152,000 | $152,000 | $152,000 | $48,000 | $48,000 |
| Credit Application Incomplete | 1 | $29,000 | $29,000 | $29,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants State Bank's 2006 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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