The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2019
In 2019, The Farmers & Merchants State Bank of Archbold, OH reported 1,249 mortgage applications totaling $211.6 million, up 46% from 2018. The average application was for $169,451, and applicants reported an average income of $75,510. 55% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Toledo, OH (363), Fort Wayne, IN (33) and Indianapolis-Carmel-Anderson, IN (6) (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 | 1,249 |
| Total Mortgage Loan Application Amount | $211,645,000 |
| Average Mortgage Loan Application Amount | $169,451 |
| Highest Mortgage Loan Application Amount | $20,175,000 |
| Average Applicant Income | $75,510 |
| Highest Applicant Income | $982,000 |
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The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 272 | $ 36,260,000 | $ 133,308 | $ 76,000 |
| Williams, Ohio | 202 | $ 19,130,000 | $ 94,702 | $ 59,000 |
| Adams, Indiana | 156 | $ 22,290,000 | $ 142,884 | $ 47,000 |
| Lucas, Ohio | 143 | $ 25,185,000 | $ 176,118 | $ 112,000 |
| Defiance, Ohio | 76 | $ 9,090,000 | $ 119,605 | $ 76,000 |
| Henry, Ohio | 71 | $ 8,165,000 | $ 115,000 | $ 65,000 |
| Wood, Ohio | 42 | $ 10,740,000 | $ 255,714 | $ 86,000 |
| DeKalb, Indiana | 39 | $ 6,635,000 | $ 170,128 | $ 62,000 |
| Jay, Indiana | 36 | $ 3,810,000 | $ 105,833 | $ 54,000 |
| Allen, Indiana | 28 | $ 4,300,000 | $ 153,571 | $ 63,000 |
| Steuben, Indiana | 26 | $ 5,340,000 | $ 205,384 | $ 165,000 |
| Lenawee, Michigan | 16 | $ 3,370,000 | $ 210,625 | $ 157,000 |
| Hancock, Ohio | 11 | $ 4,305,000 | $ 391,363 | $ 69,000 |
| Wayne, Indiana | 8 | $ 1,800,000 | $ 225,000 | $ 59,000 |
| Hillsdale, Michigan | 7 | $ 855,000 | $ 122,142 | $ 83,000 |
| Van Wert, Ohio | 7 | $ 1,185,000 | $ 169,285 | $ 36,000 |
| Whitley, Indiana | 6 | $ 1,090,000 | $ 181,666 | $ 87,000 |
| Noble, Indiana | 5 | $ 975,000 | $ 195,000 | $ 78,000 |
| Randolph, Indiana | 5 | $ 375,000 | $ 75,000 | $ 82,000 |
| Putnam, Ohio | 5 | $ 625,000 | $ 125,000 | $ 71,000 |
| Fayette, Indiana | 4 | $ 700,000 | $ 175,000 | $ 34,000 |
| Henry, Indiana | 4 | $ 490,000 | $ 122,500 | $ 34,000 |
| Madison, Indiana | 4 | $ 490,000 | $ 122,500 | $ 110,000 |
| Branch, Michigan | 4 | $ 930,000 | $ 232,500 | $ 181,000 |
| Monroe, Michigan | 4 | $ 820,000 | $ 205,000 | $ 86,000 |
| Oakland, Michigan | 4 | $ 21,400,000 | $ 5,350,000 | $ 17,000 |
| Paulding, Ohio | 4 | $ 330,000 | $ 82,500 | $ 48,000 |
| Seneca, Ohio | 4 | $ 1,830,000 | $ 457,500 | $ 86,000 |
| Delaware, Indiana | 3 | $ 475,000 | $ 158,333 | $ 69,000 |
| LaGrange, Indiana | 3 | $ 895,000 | $ 298,333 | $ 106,000 |
| Wells, Indiana | 3 | $ 265,000 | $ 88,333 | $ 50,000 |
| Kalkaska, Michigan | 3 | $ 1,175,000 | $ 391,666 | $ 312,000 |
| Franklin, Ohio | 3 | $ 1,605,000 | $ 535,000 | $ 0 |
| Mercer, Ohio | 3 | $ 365,000 | $ 121,666 | $ 38,000 |
| Bibb, Georgia | 2 | $ 960,000 | $ 480,000 | $ 514,000 |
| Erie, Ohio | 2 | $ 440,000 | $ 220,000 | $ 141,000 |
| Montgomery, Ohio | 2 | $ 30,000 | $ 15,000 | $ 29,000 |
| Bay, Florida | 1 | $ 285,000 | $ 285,000 | $ 71,000 |
| Hillsborough, Florida | 1 | $ 105,000 | $ 105,000 | $ 311,000 |
| Manatee, Florida | 1 | $ 195,000 | $ 195,000 | $ 46,000 |
| Polk, Florida | 1 | $ 175,000 | $ 175,000 | $ 41,000 |
| Sarasota, Florida | 1 | $ 485,000 | $ 485,000 | $ 451,000 |
| Franklin, Indiana | 1 | $ 55,000 | $ 55,000 | $ 12,000 |
| Hamilton, Indiana | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Huntington, Indiana | 1 | $ 235,000 | $ 235,000 | $ 73,000 |
| Marion, Indiana | 1 | $ 55,000 | $ 55,000 | $ 92,000 |
| Porter, Indiana | 1 | $ 375,000 | $ 375,000 | $ 261,000 |
| Washington, Indiana | 1 | $ 165,000 | $ 165,000 | $ 12,000 |
| Allegan, Michigan | 1 | $ 275,000 | $ 275,000 | $ 248,000 |
| St. Joseph, Michigan | 1 | $ 75,000 | $ 75,000 | $ 30,000 |
| Washtenaw, Michigan | 1 | $ 155,000 | $ 155,000 | $ 45,000 |
| Pearl River, Mississippi | 1 | $ 395,000 | $ 395,000 | $ 99,000 |
| Onondaga, New York | 1 | $ 1,355,000 | $ 1,355,000 | $ 0 |
| New Hanover, North Carolina | 1 | $ 315,000 | $ 315,000 | $ 257,000 |
| Ashland, Ohio | 1 | $ 145,000 | $ 145,000 | $ 37,000 |
| Crawford, Ohio | 1 | $ 75,000 | $ 75,000 | $ 32,000 |
| Cuyahoga, Ohio | 1 | $ 225,000 | $ 225,000 | $ 77,000 |
| Hamilton, Ohio | 1 | $ 115,000 | $ 115,000 | $ 53,000 |
| Lake, Ohio | 1 | $ 2,205,000 | $ 2,205,000 | $ 0 |
| Beaver, Pennsylvania | 1 | $ 4,205,000 | $ 4,205,000 | $ 0 |
| Beaufort, South Carolina | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Montgomery, Tennessee | 1 | $ 205,000 | $ 205,000 | $ 115,000 |
| Sumner, Tennessee | 1 | $ 85,000 | $ 85,000 | $ 92,000 |
| Waukesha, Wisconsin | 1 | $ 275,000 | $ 275,000 | $ 164,000 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants State Bank in 2019
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 | 747 | $112,195,000 | $150,000 | $4,205,000 | $70,000 | $982,000 |
| Cash-out Refinancing | 252 | $61,570,000 | $244,000 | $20,175,000 | $68,000 | $358,000 |
| Refinancing | 183 | $32,525,000 | $177,000 | $1,025,000 | $114,000 | $604,000 |
| Other Purpose | 59 | $4,885,000 | $82,000 | $275,000 | $59,000 | $317,000 |
| Home Improvement | 8 | $470,000 | $58,000 | $95,000 | $68,000 | $137,000 |
| 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 | 1,068 | $144,340,000 | $135,000 | $1,875,000 | $75,000 | $982,000 |
| Not applicable | 74 | $50,850,000 | $687,000 | $20,175,000 | $0 | $0 |
| Hispanic | 49 | $4,235,000 | $86,000 | $225,000 | $54,000 | $139,000 |
| Not Provided | 39 | $6,745,000 | $172,000 | $485,000 | $85,000 | $265,000 |
| Black or African American | 6 | $860,000 | $143,000 | $195,000 | $92,000 | $120,000 |
| Asian | 5 | $1,425,000 | $285,000 | $805,000 | $47,000 | $56,000 |
| American Indian or Alaskan Native | 2 | $270,000 | $135,000 | $205,000 | $39,000 | $42,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $1,435,000 | $1,435,000 | $1,435,000 | $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) | 1,249 | $211,645,000 | $169,000 | $20,175,000 | $75,000 | $982,000 |
| 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 | 692 | $141,150,000 | $203,000 | $20,175,000 | $83,000 | $604,000 |
| Application Denied By Financial Institution | 171 | $18,895,000 | $110,000 | $405,000 | $61,000 | $355,000 |
| Application Withdrawn By Applicant | 136 | $18,500,000 | $136,000 | $545,000 | $73,000 | $390,000 |
| Preapproval Approved but not Accepted | 129 | $19,745,000 | $153,000 | $485,000 | $80,000 | $982,000 |
| Preapproval Denied by Financial Institution | 120 | $13,260,000 | $110,000 | $565,000 | $53,000 | $265,000 |
| Application Approved But Not Accepted | 1 | $95,000 | $95,000 | $95,000 | $47,000 | $47,000 |
| 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 | 958 | $179,490,000 | $187,000 | $20,175,000 | $81,000 | $982,000 |
| Credit History | 133 | $12,715,000 | $95,000 | $285,000 | $52,000 | $204,000 |
| Debt-To-Income Ratio | 56 | $7,700,000 | $137,000 | $485,000 | $42,000 | $192,000 |
| Collateral | 45 | $4,645,000 | $103,000 | $375,000 | $81,000 | $355,000 |
| Credit Application Incomplete | 20 | $3,070,000 | $153,000 | $565,000 | $87,000 | $265,000 |
| Other | 19 | $1,905,000 | $100,000 | $215,000 | $51,000 | $136,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $765,000 | $109,000 | $395,000 | $59,000 | $170,000 |
| Unverifiable Information | 6 | $820,000 | $136,000 | $355,000 | $52,000 | $94,000 |
| Employment History | 3 | $365,000 | $121,000 | $145,000 | $71,000 | $75,000 |
| Mortgage Insurance Denied | 2 | $170,000 | $85,000 | $95,000 | $44,000 | $52,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants State Bank's 2019 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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