The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2007
In 2007, The Farmers & Merchants State Bank of Archbold, OH reported 817 mortgage applications totaling $79.9 million, down 14% from 2006. The average application was for $97,776, and applicants reported an average income of $49,402. 58% of its applications resulted in an originated loan and 25% were denied. Its largest markets were Toledo, OH (308), Columbus, OH (2) and Asheville, NC (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 | 817 |
| Total Mortgage Loan Application Amount | $79,883,000 |
| Average Mortgage Loan Application Amount | $97,776 |
| Highest Mortgage Loan Application Amount | $2,850,000 |
| Average Applicant Income | $49,402 |
| Highest Applicant Income | $363,000 |
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The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 303 | $ 21,366,000 | $ 70,514 | $ 46,000 |
| Fulton, Ohio | 272 | $ 30,605,000 | $ 112,518 | $ 51,000 |
| Henry, Ohio | 80 | $ 6,331,000 | $ 79,137 | $ 48,000 |
| Defiance, Ohio | 76 | $ 6,317,000 | $ 83,118 | $ 47,000 |
| Lucas, Ohio | 29 | $ 3,862,000 | $ 133,172 | $ 48,000 |
| Hillsdale, Michigan | 10 | $ 1,033,000 | $ 103,300 | $ 47,000 |
| Steuben, Indiana | 9 | $ 2,928,000 | $ 325,333 | $ 115,000 |
| Paulding, Ohio | 9 | $ 632,000 | $ 70,222 | $ 54,000 |
| Wood, Ohio | 7 | $ 1,275,000 | $ 182,142 | $ 55,000 |
| Lenawee, Michigan | 5 | $ 844,000 | $ 168,800 | $ 97,000 |
| Putnam, Ohio | 3 | $ 247,000 | $ 82,333 | $ 41,000 |
| Branch, Michigan | 2 | $ 355,000 | $ 177,500 | $ 112,000 |
| Franklin, Ohio | 2 | $ 2,751,000 | $ 1,375,500 | $ 20,000 |
| Manatee, Florida | 1 | $ 264,000 | $ 264,000 | $ 197,000 |
| Allen, Indiana | 1 | $ 62,000 | $ 62,000 | $ 43,000 |
| Mackinac, Michigan | 1 | $ 39,000 | $ 39,000 | $ 28,000 |
| St. Clair, Michigan | 1 | $ 154,000 | $ 154,000 | $ 111,000 |
| Buncombe, North Carolina | 1 | $ 205,000 | $ 205,000 | $ 134,000 |
| Allen, Ohio | 1 | $ 90,000 | $ 90,000 | $ 30,000 |
| Erie, Ohio | 1 | $ 207,000 | $ 207,000 | $ 132,000 |
| Geauga, Ohio | 1 | $ 165,000 | $ 165,000 | $ 62,000 |
| Hardin, Ohio | 1 | $ 91,000 | $ 91,000 | $ 60,000 |
| Van Wert, Ohio | 1 | $ 60,000 | $ 60,000 | $ 52,000 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants State Bank in 2007
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 | 382 | $43,334,000 | $113,000 | $2,850,000 | $51,000 | $363,000 |
| Refinancing | 336 | $31,939,000 | $95,000 | $335,000 | $48,000 | $252,000 |
| Home Improvement | 99 | $4,610,000 | $46,000 | $1,075,000 | $48,000 | $143,000 |
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 | 722 | $65,219,000 | $90,000 | $1,046,000 | $50,000 | $363,000 |
| Hispanic | 60 | $4,307,000 | $71,000 | $164,000 | $41,000 | $117,000 |
| Not applicable | 10 | $7,951,000 | $795,000 | $2,850,000 | $10,000 | $104,000 |
| Not Provided | 10 | $1,084,000 | $108,000 | $289,000 | $64,000 | $119,000 |
| American Indian or Alaskan Native | 5 | $373,000 | $74,000 | $113,000 | $43,000 | $76,000 |
| Asian | 5 | $625,000 | $125,000 | $200,000 | $110,000 | $120,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $278,000 | $69,000 | $120,000 | $45,000 | $70,000 |
| Black or African American | 1 | $46,000 | $46,000 | $46,000 | $23,000 | $23,000 |
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) | 817 | $79,883,000 | $97,000 | $2,850,000 | $50,000 | $363,000 |
| 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 | 475 | $45,971,000 | $96,000 | $2,850,000 | $52,000 | $351,000 |
| Application Denied By Financial Institution | 204 | $16,203,000 | $79,000 | $369,000 | $40,000 | $131,000 |
| Application Withdrawn By Applicant | 110 | $11,940,000 | $108,000 | $1,046,000 | $55,000 | $273,000 |
| Application Approved But Not Accepted | 17 | $2,373,000 | $139,000 | $380,000 | $80,000 | $363,000 |
| File Closed For Incompleteness | 9 | $568,000 | $63,000 | $105,000 | $21,000 | $57,000 |
| Loan Purchased By The Institution | 2 | $2,828,000 | $1,414,000 | $2,747,000 | $19,000 | $38,000 |
| 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 | 133 | $9,363,000 | $70,000 | $280,000 | $41,000 | $131,000 |
| Debt-To-Income Ratio | 33 | $3,496,000 | $105,000 | $278,000 | $34,000 | $79,000 |
| Collateral | 24 | $2,016,000 | $84,000 | $160,000 | $46,000 | $80,000 |
| Employment History | 6 | $223,000 | $37,000 | $55,000 | $29,000 | $37,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $575,000 | $115,000 | $300,000 | $50,000 | $109,000 |
| Other | 2 | $424,000 | $212,000 | $369,000 | $26,000 | $52,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $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 2007 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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