The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2021
In 2021, The Farmers & Merchants State Bank of Archbold, OH reported 1,744 mortgage applications totaling $343.3 million, down 24% from 2020. The average application was for $196,829, and applicants reported an average income of $84,407. 60% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Toledo, OH (486), Columbus, OH (77) and Fort Wayne, IN (76) (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 | 1,744 |
| Total Mortgage Loan Application Amount | $343,270,000 |
| Average Mortgage Loan Application Amount | $196,829 |
| Highest Mortgage Loan Application Amount | $7,385,000 |
| Average Applicant Income | $84,407 |
| Highest Applicant Income | $2,160,000 |
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The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 278 | $ 32,850,000 | $ 118,165 | $ 65,000 |
| Fulton, Ohio | 272 | $ 40,310,000 | $ 148,198 | $ 82,000 |
| Adams, Indiana | 175 | $ 26,095,000 | $ 149,114 | $ 53,000 |
| Lucas, Ohio | 148 | $ 27,070,000 | $ 182,905 | $ 120,000 |
| Defiance, Ohio | 82 | $ 11,070,000 | $ 135,000 | $ 67,000 |
| Allen, Indiana | 73 | $ 17,205,000 | $ 235,684 | $ 147,000 |
| Champaign, Ohio | 72 | $ 12,530,000 | $ 174,027 | $ 108,000 |
| Franklin, Ohio | 72 | $ 47,320,000 | $ 657,222 | $ 94,000 |
| Henry, Ohio | 67 | $ 8,725,000 | $ 130,223 | $ 72,000 |
| Wood, Ohio | 59 | $ 14,235,000 | $ 241,271 | $ 99,000 |
| Jay, Indiana | 47 | $ 5,935,000 | $ 126,276 | $ 58,000 |
| Clark, Ohio | 44 | $ 7,740,000 | $ 175,909 | $ 96,000 |
| Steuben, Indiana | 38 | $ 7,970,000 | $ 209,736 | $ 107,000 |
| DeKalb, Indiana | 31 | $ 4,545,000 | $ 146,612 | $ 78,000 |
| Wells, Indiana | 27 | $ 3,705,000 | $ 137,222 | $ 54,000 |
| Delaware, Indiana | 24 | $ 5,460,000 | $ 227,500 | $ 40,000 |
| Butler, Ohio | 20 | $ 17,320,000 | $ 866,000 | $ 184,000 |
| Paulding, Ohio | 15 | $ 1,635,000 | $ 109,000 | $ 57,000 |
| Hillsdale, Michigan | 11 | $ 1,755,000 | $ 159,545 | $ 85,000 |
| Hancock, Ohio | 10 | $ 2,510,000 | $ 251,000 | $ 104,000 |
| Branch, Michigan | 9 | $ 2,225,000 | $ 247,222 | $ 87,000 |
| Lenawee, Michigan | 9 | $ 975,000 | $ 108,333 | $ 92,000 |
| Van Wert, Ohio | 9 | $ 1,215,000 | $ 135,000 | $ 24,000 |
| Wayne, Indiana | 8 | $ 1,500,000 | $ 187,500 | $ 50,000 |
| Monroe, Michigan | 7 | $ 1,315,000 | $ 187,857 | $ 100,000 |
| Ottawa, Ohio | 7 | $ 1,205,000 | $ 172,142 | $ 107,000 |
| Fayette, Indiana | 6 | $ 570,000 | $ 95,000 | $ 99,000 |
| LaGrange, Indiana | 6 | $ 1,000,000 | $ 166,666 | $ 74,000 |
| Elkhart, Indiana | 5 | $ 1,015,000 | $ 203,000 | $ 71,000 |
| Henry, Indiana | 5 | $ 875,000 | $ 175,000 | $ 42,000 |
| Kosciusko, Indiana | 5 | $ 1,025,000 | $ 205,000 | $ 180,000 |
| Montgomery, Ohio | 5 | $ 1,325,000 | $ 265,000 | $ 26,000 |
| Noble, Indiana | 4 | $ 670,000 | $ 167,500 | $ 73,000 |
| Oakland, Michigan | 4 | $ 1,690,000 | $ 422,500 | $ 59,000 |
| Putnam, Ohio | 4 | $ 630,000 | $ 157,500 | $ 62,000 |
| Charlotte, Florida | 3 | $ 1,255,000 | $ 418,333 | $ 68,000 |
| Lee, Florida | 3 | $ 895,000 | $ 298,333 | $ 233,000 |
| Dearborn, Indiana | 3 | $ 445,000 | $ 148,333 | $ 446,000 |
| Madison, Indiana | 3 | $ 405,000 | $ 135,000 | $ 107,000 |
| Marion, Indiana | 3 | $ 215,000 | $ 71,666 | $ 0 |
| Randolph, Indiana | 3 | $ 305,000 | $ 101,666 | $ 116,000 |
| Whitley, Indiana | 3 | $ 605,000 | $ 201,666 | $ 119,000 |
| Mercer, Ohio | 3 | $ 325,000 | $ 108,333 | $ 70,000 |
| Sandusky, Ohio | 3 | $ 465,000 | $ 155,000 | $ 114,000 |
| Blackford, Indiana | 2 | $ 190,000 | $ 95,000 | $ 43,000 |
| Hamilton, Indiana | 2 | $ 970,000 | $ 485,000 | $ 259,000 |
| Huntington, Indiana | 2 | $ 100,000 | $ 50,000 | $ 32,000 |
| Miami, Indiana | 2 | $ 360,000 | $ 180,000 | $ 43,000 |
| Union, Indiana | 2 | $ 580,000 | $ 290,000 | $ 86,000 |
| Ogemaw, Michigan | 2 | $ 250,000 | $ 125,000 | $ 67,000 |
| Wayne, Michigan | 2 | $ 910,000 | $ 455,000 | $ 0 |
| Allen, Ohio | 2 | $ 210,000 | $ 105,000 | $ 43,000 |
| Hamilton, Ohio | 2 | $ 280,000 | $ 140,000 | $ 65,000 |
| Logan, Ohio | 2 | $ 130,000 | $ 65,000 | $ 34,000 |
| Union, Ohio | 2 | $ 500,000 | $ 250,000 | $ 0 |
| Maricopa, Arizona | 1 | $ 195,000 | $ 195,000 | $ 100,000 |
| Collier, Florida | 1 | $ 1,665,000 | $ 1,665,000 | $ 0 |
| Pasco, Florida | 1 | $ 865,000 | $ 865,000 | $ 0 |
| Sarasota, Florida | 1 | $ 7,385,000 | $ 7,385,000 | $ 0 |
| Franklin, Indiana | 1 | $ 205,000 | $ 205,000 | $ 100,000 |
| Grant, Indiana | 1 | $ 105,000 | $ 105,000 | $ 137,000 |
| Lake, Indiana | 1 | $ 505,000 | $ 505,000 | $ 2,160,000 |
| Rush, Indiana | 1 | $ 315,000 | $ 315,000 | $ 45,000 |
| St. Joseph, Indiana | 1 | $ 55,000 | $ 55,000 | $ 45,000 |
| White, Indiana | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Bourbon, Kentucky | 1 | $ 385,000 | $ 385,000 | $ 139,000 |
| Charlevoix, Michigan | 1 | $ 405,000 | $ 405,000 | $ 0 |
| Crawford, Michigan | 1 | $ 155,000 | $ 155,000 | $ 197,000 |
| Grand Traverse, Michigan | 1 | $ 545,000 | $ 545,000 | $ 179,000 |
| Jackson, Michigan | 1 | $ 275,000 | $ 275,000 | $ 238,000 |
| Macomb, Michigan | 1 | $ 465,000 | $ 465,000 | $ 0 |
| Schoolcraft, Michigan | 1 | $ 85,000 | $ 85,000 | $ 81,000 |
| St. Joseph, Michigan | 1 | $ 155,000 | $ 155,000 | $ 748,000 |
| Catawba, North Carolina | 1 | $ 145,000 | $ 145,000 | $ 121,000 |
| Clay, North Carolina | 1 | $ 525,000 | $ 525,000 | $ 120,000 |
| Gaston, North Carolina | 1 | $ 25,000 | $ 25,000 | $ 150,000 |
| Henderson, North Carolina | 1 | $ 465,000 | $ 465,000 | $ 91,000 |
| Clinton, Ohio | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Cuyahoga, Ohio | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Delaware, Ohio | 1 | $ 2,505,000 | $ 2,505,000 | $ 0 |
| Erie, Ohio | 1 | $ 95,000 | $ 95,000 | $ 59,000 |
| Huron, Ohio | 1 | $ 855,000 | $ 855,000 | $ 0 |
| Licking, Ohio | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Madison, Ohio | 1 | $ 85,000 | $ 85,000 | $ 51,000 |
| Miami, Ohio | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Noble, Ohio | 1 | $ 375,000 | $ 375,000 | $ 239,000 |
| Preble, Ohio | 1 | $ 145,000 | $ 145,000 | $ 60,000 |
| Wayne, Ohio | 1 | $ 165,000 | $ 165,000 | $ 78,000 |
| Wyandot, Ohio | 1 | $ 165,000 | $ 165,000 | $ 20,000 |
| Sevier, Tennessee | 1 | $ 235,000 | $ 235,000 | $ 126,000 |
| Augusta, Virginia | 1 | $ 185,000 | $ 185,000 | $ 137,000 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants State Bank in 2021
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 | 961 | $183,625,000 | $191,000 | $7,385,000 | $82,000 | $2,160,000 |
| Cash-out Refinancing | 394 | $95,150,000 | $241,000 | $3,725,000 | $84,000 | $656,000 |
| Refinancing | 338 | $58,310,000 | $172,000 | $6,005,000 | $93,000 | $748,000 |
| Other Purpose | 38 | $4,740,000 | $124,000 | $465,000 | $77,000 | $312,000 |
| Home Improvement | 13 | $1,445,000 | $111,000 | $185,000 | $73,000 | $76,000 |
| 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 | 1,374 | $213,990,000 | $155,000 | $1,665,000 | $82,000 | $1,208,000 |
| Not applicable | 225 | $109,085,000 | $484,000 | $7,385,000 | $0 | $0 |
| Hispanic | 75 | $9,425,000 | $125,000 | $505,000 | $66,000 | $405,000 |
| Not Provided | 53 | $7,405,000 | $139,000 | $445,000 | $117,000 | $1,845,000 |
| Asian | 8 | $2,220,000 | $277,000 | $545,000 | $427,000 | $2,160,000 |
| Black or African American | 6 | $650,000 | $108,000 | $315,000 | $43,000 | $64,000 |
| American Indian or Alaskan Native | 2 | $370,000 | $185,000 | $245,000 | $86,000 | $140,000 |
| 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) | 1,744 | $343,270,000 | $196,000 | $7,385,000 | $84,000 | $2,160,000 |
| 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 | 1,040 | $231,450,000 | $222,000 | $7,385,000 | $92,000 | $1,845,000 |
| Preapproval Denied by Financial Institution | 183 | $23,255,000 | $127,000 | $515,000 | $57,000 | $486,000 |
| Application Denied By Financial Institution | 174 | $26,600,000 | $152,000 | $605,000 | $80,000 | $2,160,000 |
| Preapproval Approved but not Accepted | 170 | $32,360,000 | $190,000 | $545,000 | $81,000 | $341,000 |
| Application Withdrawn By Applicant | 154 | $26,020,000 | $168,000 | $965,000 | $87,000 | $656,000 |
| Loan Purchased By The Institution | 22 | $3,540,000 | $160,000 | $495,000 | $0 | $0 |
| Application Approved But Not Accepted | 1 | $45,000 | $45,000 | $45,000 | $68,000 | $68,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,387 | $293,415,000 | $211,000 | $7,385,000 | $89,000 | $1,845,000 |
| Credit History | 170 | $19,650,000 | $115,000 | $515,000 | $61,000 | $486,000 |
| Debt-To-Income Ratio | 77 | $12,555,000 | $163,000 | $605,000 | $50,000 | $188,000 |
| Credit Application Incomplete | 41 | $7,445,000 | $181,000 | $515,000 | $77,000 | $238,000 |
| Collateral | 33 | $5,065,000 | $153,000 | $505,000 | $78,000 | $228,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 12 | $1,410,000 | $117,000 | $195,000 | $63,000 | $169,000 |
| Other | 9 | $1,325,000 | $147,000 | $505,000 | $282,000 | $2,160,000 |
| Employment History | 9 | $1,725,000 | $191,000 | $545,000 | $73,000 | $217,000 |
| Unverifiable Information | 4 | $430,000 | $107,000 | $195,000 | $54,000 | $110,000 |
| Mortgage Insurance Denied | 2 | $250,000 | $125,000 | $195,000 | $58,000 | $63,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants State Bank's 2021 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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