The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2016
In 2016, The Farmers & Merchants State Bank of Archbold, OH reported 908 mortgage applications totaling $100.6 million, up 17% from 2015. The average application was for $110,837, and applicants reported an average income of $72,033. 63% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Toledo, OH (350), Fort Wayne, IN (16) and Monroe, MI (10) (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 | 908 |
| Total Mortgage Loan Application Amount | $100,640,000 |
| Average Mortgage Loan Application Amount | $110,837 |
| Highest Mortgage Loan Application Amount | $2,850,000 |
| Average Applicant Income | $72,033 |
| Highest Applicant Income | $6,972,000 |
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The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 217 | $ 21,465,000 | $ 98,917 | $ 62,000 |
| Williams, Ohio | 164 | $ 12,560,000 | $ 76,585 | $ 58,000 |
| Lucas, Ohio | 92 | $ 12,493,000 | $ 135,793 | $ 68,000 |
| Henry, Ohio | 71 | $ 6,793,000 | $ 95,676 | $ 65,000 |
| Defiance, Ohio | 55 | $ 4,797,000 | $ 87,218 | $ 51,000 |
| Wood, Ohio | 41 | $ 5,622,000 | $ 137,121 | $ 72,000 |
| Steuben, Indiana | 35 | $ 7,087,000 | $ 202,485 | $ 70,000 |
| DeKalb, Indiana | 30 | $ 2,344,000 | $ 78,133 | $ 78,000 |
| Allen, Indiana | 15 | $ 1,585,000 | $ 105,666 | $ 59,000 |
| Paulding, Ohio | 14 | $ 1,318,000 | $ 94,142 | $ 61,000 |
| Monroe, Michigan | 10 | $ 2,143,000 | $ 214,300 | $ 152,000 |
| Hillsdale, Michigan | 9 | $ 1,086,000 | $ 120,666 | $ 46,000 |
| Lenawee, Michigan | 9 | $ 1,167,000 | $ 129,666 | $ 82,000 |
| Branch, Michigan | 3 | $ 374,000 | $ 124,666 | $ 82,000 |
| Ottawa, Ohio | 3 | $ 717,000 | $ 239,000 | $ 150,000 |
| Noble, Indiana | 2 | $ 341,000 | $ 170,500 | $ 28,000 |
| Jackson, Michigan | 2 | $ 557,000 | $ 278,500 | $ 585,000 |
| Delaware, Ohio | 2 | $ 155,000 | $ 77,500 | $ 37,000 |
| Franklin, Ohio | 2 | $ 244,000 | $ 122,000 | $ 185,000 |
| Hamilton, Ohio | 2 | $ 2,020,000 | $ 1,010,000 | $ 245,000 |
| Putnam, Ohio | 2 | $ 318,000 | $ 159,000 | $ 76,000 |
| Charlotte, Florida | 1 | $ 105,000 | $ 105,000 | $ 27,000 |
| Palm Beach, Florida | 1 | $ 400,000 | $ 400,000 | $ 122,000 |
| Walton, Florida | 1 | $ 130,000 | $ 130,000 | $ 0 |
| Muscogee, Georgia | 1 | $ 2,850,000 | $ 2,850,000 | $ 0 |
| Adams, Indiana | 1 | $ 118,000 | $ 118,000 | $ 62,000 |
| Huntington, Indiana | 1 | $ 57,000 | $ 57,000 | $ 71,000 |
| LaGrange, Indiana | 1 | $ 14,000 | $ 14,000 | $ 28,000 |
| Whitley, Indiana | 1 | $ 147,000 | $ 147,000 | $ 324,000 |
| Calhoun, Michigan | 1 | $ 53,000 | $ 53,000 | $ 0 |
| Emmet, Michigan | 1 | $ 147,000 | $ 147,000 | $ 256,000 |
| Kalkaska, Michigan | 1 | $ 69,000 | $ 69,000 | $ 73,000 |
| Manistee, Michigan | 1 | $ 68,000 | $ 68,000 | $ 22,000 |
| Oceana, Michigan | 1 | $ 125,000 | $ 125,000 | $ 135,000 |
| Ottawa, Michigan | 1 | $ 128,000 | $ 128,000 | $ 82,000 |
| Wayne, Michigan | 1 | $ 30,000 | $ 30,000 | $ 26,000 |
| Catawba, North Carolina | 1 | $ 417,000 | $ 417,000 | $ 6,972,000 |
| Lincoln, North Carolina | 1 | $ 235,000 | $ 235,000 | $ 56,000 |
| Hancock, Ohio | 1 | $ 125,000 | $ 125,000 | $ 96,000 |
| Noble, Ohio | 1 | $ 26,000 | $ 26,000 | $ 71,000 |
| Sandusky, Ohio | 1 | $ 157,000 | $ 157,000 | $ 99,000 |
| Horry, South Carolina | 1 | $ 152,000 | $ 152,000 | $ 198,000 |
| Davidson, Tennessee | 1 | $ 108,000 | $ 108,000 | $ 165,000 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants State Bank in 2016
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 | 467 | $52,571,000 | $112,000 | $2,850,000 | $57,000 | $1,042,000 |
| Refinancing | 325 | $40,565,000 | $124,000 | $1,600,000 | $99,000 | $6,972,000 |
| Home Improvement | 116 | $7,504,000 | $64,000 | $560,000 | $57,000 | $178,000 |
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 | 801 | $83,402,000 | $104,000 | $495,000 | $77,000 | $6,972,000 |
| Hispanic | 50 | $3,731,000 | $74,000 | $212,000 | $47,000 | $147,000 |
| Not applicable | 34 | $10,725,000 | $315,000 | $2,850,000 | $0 | $0 |
| Not Provided | 17 | $1,939,000 | $114,000 | $355,000 | $60,000 | $173,000 |
| Asian | 4 | $722,000 | $180,000 | $288,000 | $102,000 | $354,000 |
| American Indian or Alaskan Native | 2 | $121,000 | $60,000 | $118,000 | $70,000 | $84,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiin 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) | 908 | $100,640,000 | $110,000 | $2,850,000 | $72,000 | $6,972,000 |
| 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 | 574 | $67,340,000 | $117,000 | $2,850,000 | $79,000 | $6,972,000 |
| Application Denied By Financial Institution | 150 | $14,286,000 | $95,000 | $600,000 | $59,000 | $303,000 |
| Preapproval Denied by Financial Institution | 106 | $9,793,000 | $92,000 | $495,000 | $47,000 | $208,000 |
| Application Approved But Not Accepted | 72 | $8,512,000 | $118,000 | $415,000 | $88,000 | $498,000 |
| Application Withdrawn By Applicant | 5 | $590,000 | $118,000 | $225,000 | $25,000 | $84,000 |
| Loan Purchased By The Institution | 1 | $119,000 | $119,000 | $119,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 122 | $10,474,000 | $85,000 | $256,000 | $50,000 | $152,000 |
| Debt-To-Income Ratio | 55 | $4,753,000 | $86,000 | $306,000 | $45,000 | $134,000 |
| Collateral | 35 | $4,274,000 | $122,000 | $292,000 | $89,000 | $303,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 18 | $1,989,000 | $110,000 | $600,000 | $39,000 | $108,000 |
| Other | 13 | $968,000 | $74,000 | $140,000 | $53,000 | $150,000 |
| Unverifiable Information | 5 | $637,000 | $127,000 | $209,000 | $56,000 | $82,000 |
| Mortgage Insurance Denied | 3 | $223,000 | $74,000 | $97,000 | $43,000 | $68,000 |
| Credit Application Incomplete | 3 | $176,000 | $58,000 | $85,000 | $44,000 | $66,000 |
| Employment History | 2 | $585,000 | $292,000 | $495,000 | $144,000 | $208,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants State Bank's 2016 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.
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with aggregated HMDA statistics today.
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