The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2018
In 2018, The Farmers & Merchants State Bank of Archbold, OH reported 858 mortgage applications totaling $126.0 million, up 1% from 2017. The average application was for $146,806, and applicants reported an average income of $80,136. 51% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Toledo, OH (305), Fort Wayne, IN (10) and Columbus, OH (4) (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 | 858 |
| Total Mortgage Loan Application Amount | $125,960,000 |
| Average Mortgage Loan Application Amount | $146,806 |
| Highest Mortgage Loan Application Amount | $6,205,000 |
| Average Applicant Income | $80,136 |
| Highest Applicant Income | $1,125,000 |
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The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | $ 26,555,000 | $ 122,373 | $ 69,000 |
| Williams, Ohio | 199 | $ 18,615,000 | $ 93,542 | $ 64,000 |
| Lucas, Ohio | 139 | $ 33,185,000 | $ 238,741 | $ 101,000 |
| Defiance, Ohio | 67 | $ 6,475,000 | $ 96,641 | $ 65,000 |
| Henry, Ohio | 49 | $ 5,755,000 | $ 117,448 | $ 79,000 |
| Wood, Ohio | 48 | $ 7,800,000 | $ 162,500 | $ 94,000 |
| DeKalb, Indiana | 23 | $ 3,145,000 | $ 136,739 | $ 64,000 |
| Allen, Indiana | 13 | $ 1,875,000 | $ 144,230 | $ 170,000 |
| Steuben, Indiana | 13 | $ 2,045,000 | $ 157,307 | $ 85,000 |
| Lenawee, Michigan | 10 | $ 1,620,000 | $ 162,000 | $ 80,000 |
| Franklin, Ohio | 8 | $ 1,130,000 | $ 141,250 | $ 92,000 |
| Paulding, Ohio | 8 | $ 460,000 | $ 57,500 | $ 70,000 |
| Branch, Michigan | 5 | $ 725,000 | $ 145,000 | $ 140,000 |
| Hillsdale, Michigan | 5 | $ 535,000 | $ 107,000 | $ 31,000 |
| Monroe, Michigan | 5 | $ 505,000 | $ 101,000 | $ 92,000 |
| Ottawa, Ohio | 5 | $ 1,255,000 | $ 251,000 | $ 155,000 |
| Noble, Indiana | 4 | $ 650,000 | $ 162,500 | $ 61,000 |
| Oceana, Michigan | 3 | $ 1,015,000 | $ 338,333 | $ 204,000 |
| Cuyahoga, Ohio | 2 | $ 120,000 | $ 60,000 | $ 112,000 |
| Hancock, Ohio | 2 | $ 290,000 | $ 145,000 | $ 121,000 |
| Montgomery, Ohio | 2 | $ 2,040,000 | $ 1,020,000 | $ 36,000 |
| Putnam, Ohio | 2 | $ 190,000 | $ 95,000 | $ 62,000 |
| Sandusky, Ohio | 2 | $ 320,000 | $ 160,000 | $ 126,000 |
| Seneca, Ohio | 2 | $ 260,000 | $ 130,000 | $ 86,000 |
| Bay, Florida | 1 | $ 285,000 | $ 285,000 | $ 67,000 |
| Charlotte, Florida | 1 | $ 175,000 | $ 175,000 | $ 109,000 |
| Pinellas, Florida | 1 | $ 2,105,000 | $ 2,105,000 | $ 0 |
| Camden, Georgia | 1 | $ 3,695,000 | $ 3,695,000 | $ 0 |
| Huntington, Indiana | 1 | $ 25,000 | $ 25,000 | $ 0 |
| Kosciusko, Indiana | 1 | $ 155,000 | $ 155,000 | $ 87,000 |
| LaGrange, Indiana | 1 | $ 125,000 | $ 125,000 | $ 149,000 |
| Madison, Indiana | 1 | $ 125,000 | $ 125,000 | $ 37,000 |
| Porter, Indiana | 1 | $ 455,000 | $ 455,000 | $ 253,000 |
| Whitley, Indiana | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Clare, Michigan | 1 | $ 25,000 | $ 25,000 | $ 47,000 |
| Crawford, Michigan | 1 | $ 125,000 | $ 125,000 | $ 152,000 |
| Mackinac, Michigan | 1 | $ 75,000 | $ 75,000 | $ 95,000 |
| Macomb, Michigan | 1 | $ 395,000 | $ 395,000 | $ 103,000 |
| Ottawa, Michigan | 1 | $ 165,000 | $ 165,000 | $ 71,000 |
| St. Joseph, Michigan | 1 | $ 105,000 | $ 105,000 | $ 96,000 |
| Wayne, Michigan | 1 | $ 155,000 | $ 155,000 | $ 134,000 |
| Otero, New Mexico | 1 | $ 35,000 | $ 35,000 | $ 37,000 |
| New Hanover, North Carolina | 1 | $ 315,000 | $ 315,000 | $ 207,000 |
| Hamilton, Ohio | 1 | $ 295,000 | $ 295,000 | $ 0 |
| Portage, Ohio | 1 | $ 85,000 | $ 85,000 | $ 37,000 |
| Wyandot, Ohio | 1 | $ 35,000 | $ 35,000 | $ 64,000 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants State Bank in 2018
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 | 569 | $73,225,000 | $128,000 | $1,805,000 | $78,000 | $1,125,000 |
| Cash-out Refinancing | 125 | $19,035,000 | $152,000 | $3,695,000 | $79,000 | $510,000 |
| Refinancing | 108 | $23,230,000 | $215,000 | $6,205,000 | $95,000 | $362,000 |
| Other Purpose | 40 | $3,680,000 | $92,000 | $395,000 | $72,000 | $171,000 |
| Home Improvement | 16 | $6,790,000 | $424,000 | $4,005,000 | $85,000 | $145,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 748 | $86,890,000 | $116,000 | $465,000 | $79,000 | $1,125,000 |
| Not applicable | 49 | $31,465,000 | $642,000 | $6,205,000 | $0 | $0 |
| Hispanic | 34 | $3,150,000 | $92,000 | $235,000 | $72,000 | $150,000 |
| Not Provided | 18 | $2,910,000 | $161,000 | $445,000 | $110,000 | $336,000 |
| Asian | 5 | $985,000 | $197,000 | $335,000 | $54,000 | $88,000 |
| American Indian or Alaskan Native | 3 | $525,000 | $175,000 | $345,000 | $92,000 | $206,000 |
| Black or African American | 1 | $35,000 | $35,000 | $35,000 | $36,000 | $36,000 |
| 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) | 858 | $125,960,000 | $146,000 | $6,205,000 | $79,000 | $1,125,000 |
| 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 | 441 | $74,055,000 | $167,000 | $6,205,000 | $83,000 | $570,000 |
| Application Denied By Financial Institution | 128 | $14,030,000 | $109,000 | $455,000 | $76,000 | $879,000 |
| Preapproval Approved but not Accepted | 110 | $15,740,000 | $143,000 | $425,000 | $73,000 | $265,000 |
| Preapproval Denied by Financial Institution | 95 | $10,675,000 | $112,000 | $365,000 | $66,000 | $1,125,000 |
| Application Withdrawn By Applicant | 81 | $10,835,000 | $133,000 | $465,000 | $90,000 | $636,000 |
| Application Approved But Not Accepted | 3 | $625,000 | $208,000 | $355,000 | $131,000 | $158,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Not applicable | 635 | $101,255,000 | $159,000 | $6,205,000 | $82,000 | $636,000 |
| Credit History | 87 | $8,615,000 | $99,000 | $325,000 | $70,000 | $1,125,000 |
| Debt-To-Income Ratio | 51 | $5,545,000 | $108,000 | $405,000 | $45,000 | $179,000 |
| Collateral | 27 | $2,875,000 | $106,000 | $455,000 | $75,000 | $362,000 |
| Credit Application Incomplete | 27 | $4,345,000 | $160,000 | $405,000 | $141,000 | $879,000 |
| Other | 13 | $1,295,000 | $99,000 | $205,000 | $81,000 | $166,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $955,000 | $106,000 | $255,000 | $50,000 | $82,000 |
| Employment History | 6 | $630,000 | $105,000 | $225,000 | $49,000 | $120,000 |
| Mortgage Insurance Denied | 2 | $160,000 | $80,000 | $85,000 | $35,000 | $41,000 |
| Unverifiable Information | 1 | $285,000 | $285,000 | $285,000 | $67,000 | $67,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants State Bank's 2018 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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