The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2014
In 2014, The Farmers & Merchants State Bank of Archbold, OH reported 640 mortgage applications totaling $67.4 million, down 26% from 2013. The average application was for $105,354, and applicants reported an average income of $61,646. 66% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Toledo, OH (289), Monroe, MI (5) and Cincinnati, OH-KY-IN (3) (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 | 640 |
| Total Mortgage Loan Application Amount | $67,427,000 |
| Average Mortgage Loan Application Amount | $105,354 |
| Highest Mortgage Loan Application Amount | $2,423,000 |
| Average Applicant Income | $61,646 |
| Highest Applicant Income | $817,000 |
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The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Fulton, Ohio | 174 | $ 17,611,000 | $ 101,212 | $ 69,000 |
| Williams, Ohio | 144 | $ 10,464,000 | $ 72,666 | $ 44,000 |
| Lucas, Ohio | 75 | $ 10,746,000 | $ 143,280 | $ 64,000 |
| Defiance, Ohio | 52 | $ 3,774,000 | $ 72,576 | $ 54,000 |
| Henry, Ohio | 46 | $ 3,824,000 | $ 83,130 | $ 63,000 |
| Wood, Ohio | 40 | $ 6,008,000 | $ 150,200 | $ 68,000 |
| Steuben, Indiana | 26 | $ 3,376,000 | $ 129,846 | $ 64,000 |
| DeKalb, Indiana | 24 | $ 1,728,000 | $ 72,000 | $ 87,000 |
| Lenawee, Michigan | 7 | $ 741,000 | $ 105,857 | $ 63,000 |
| Paulding, Ohio | 7 | $ 335,000 | $ 47,857 | $ 29,000 |
| Hillsdale, Michigan | 5 | $ 318,000 | $ 63,600 | $ 64,000 |
| Monroe, Michigan | 5 | $ 905,000 | $ 181,000 | $ 62,000 |
| Van Wert, Ohio | 4 | $ 275,000 | $ 68,750 | $ 52,000 |
| Allen, Indiana | 3 | $ 193,000 | $ 64,333 | $ 26,000 |
| Elkhart, Indiana | 3 | $ 566,000 | $ 188,666 | $ 0 |
| Allen, Ohio | 3 | $ 369,000 | $ 123,000 | $ 52,000 |
| Hamilton, Ohio | 3 | $ 1,895,000 | $ 631,666 | $ 54,000 |
| Putnam, Ohio | 3 | $ 193,000 | $ 64,333 | $ 56,000 |
| Sandusky, Ohio | 2 | $ 261,000 | $ 130,500 | $ 93,000 |
| Charlotte, Florida | 1 | $ 142,000 | $ 142,000 | $ 330,000 |
| Gwinnett, Georgia | 1 | $ 2,423,000 | $ 2,423,000 | $ 0 |
| Howard, Indiana | 1 | $ 92,000 | $ 92,000 | $ 31,000 |
| LaGrange, Indiana | 1 | $ 96,000 | $ 96,000 | $ 203,000 |
| Noble, Indiana | 1 | $ 32,000 | $ 32,000 | $ 179,000 |
| St. Joseph, Indiana | 1 | $ 62,000 | $ 62,000 | $ 44,000 |
| Branch, Michigan | 1 | $ 4,000 | $ 4,000 | $ 24,000 |
| Livingston, Michigan | 1 | $ 160,000 | $ 160,000 | $ 279,000 |
| Luce, Michigan | 1 | $ 22,000 | $ 22,000 | $ 65,000 |
| Macon, North Carolina | 1 | $ 375,000 | $ 375,000 | $ 592,000 |
| Geauga, Ohio | 1 | $ 149,000 | $ 149,000 | $ 85,000 |
| Greene, Ohio | 1 | $ 152,000 | $ 152,000 | $ 85,000 |
| Lorain, Ohio | 1 | $ 53,000 | $ 53,000 | $ 41,000 |
| Horry, South Carolina | 1 | $ 83,000 | $ 83,000 | $ 0 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants State Bank in 2014
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 | 332 | $39,111,000 | $117,000 | $2,423,000 | $65,000 | $737,000 |
| Refinancing | 206 | $25,251,000 | $122,000 | $1,028,000 | $63,000 | $817,000 |
| Home Improvement | 102 | $3,065,000 | $30,000 | $230,000 | $48,000 | $123,000 |
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 | 558 | $51,569,000 | $92,000 | $500,000 | $66,000 | $817,000 |
| Not applicable | 38 | $11,596,000 | $305,000 | $2,423,000 | $0 | $0 |
| Hispanic | 29 | $2,198,000 | $75,000 | $222,000 | $49,000 | $150,000 |
| Not Provided | 10 | $651,000 | $65,000 | $177,000 | $59,000 | $146,000 |
| Asian | 4 | $1,355,000 | $338,000 | $640,000 | $63,000 | $164,000 |
| Black or African American | 1 | $58,000 | $58,000 | $58,000 | $79,000 | $79,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 631 | $66,900,000 | $106,000 | $2,423,000 | $62,000 | $817,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $189,000 | $37,000 | $66,000 | $22,000 | $27,000 |
| FHA-insured (Federal Housing Administration) | 4 | $338,000 | $84,000 | $99,000 | $37,000 | $60,000 |
| 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 | 425 | $48,929,000 | $115,000 | $2,423,000 | $65,000 | $817,000 |
| Application Denied By Financial Institution | 139 | $10,928,000 | $78,000 | $300,000 | $48,000 | $140,000 |
| Application Withdrawn By Applicant | 51 | $5,220,000 | $102,000 | $347,000 | $73,000 | $203,000 |
| Application Approved But Not Accepted | 15 | $1,550,000 | $103,000 | $331,000 | $72,000 | $167,000 |
| File Closed For Incompleteness | 6 | $507,000 | $84,000 | $220,000 | $36,000 | $62,000 |
| Loan Purchased By The Institution | 4 | $293,000 | $73,000 | $99,000 | $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 | 74 | $5,237,000 | $70,000 | $280,000 | $49,000 | $140,000 |
| Debt-To-Income Ratio | 26 | $2,890,000 | $111,000 | $280,000 | $43,000 | $106,000 |
| Collateral | 20 | $1,502,000 | $75,000 | $180,000 | $59,000 | $113,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $736,000 | $92,000 | $300,000 | $43,000 | $75,000 |
| Other | 5 | $186,000 | $37,000 | $65,000 | $35,000 | $62,000 |
| Credit Application Incomplete | 3 | $224,000 | $74,000 | $99,000 | $37,000 | $61,000 |
| Employment History | 2 | $73,000 | $36,000 | $40,000 | $31,000 | $44,000 |
| Unverifiable Information | 1 | $80,000 | $80,000 | $80,000 | $34,000 | $34,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants State Bank's 2014 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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