The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2022
In 2022, The Farmers & Merchants State Bank of Archbold, OH reported 1,896 mortgage applications totaling $341.1 million, up 9% from 2021. The average application was for $179,905, and applicants reported an average income of $91,656. 62% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Toledo, OH (525), Fort Wayne, IN (59) and Muncie, IN (34) (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 | 1,896 |
| Total Mortgage Loan Application Amount | $341,100,000 |
| Average Mortgage Loan Application Amount | $179,905 |
| Highest Mortgage Loan Application Amount | $28,005,000 |
| Average Applicant Income | $91,656 |
| Highest Applicant Income | $3,046,000 |
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The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 331 | $ 43,985,000 | $ 132,885 | $ 85,000 |
| Adams, Indiana | 284 | $ 37,600,000 | $ 132,394 | $ 57,000 |
| Williams, Ohio | 250 | $ 28,560,000 | $ 114,240 | $ 69,000 |
| Lucas, Ohio | 143 | $ 24,035,000 | $ 168,076 | $ 131,000 |
| Defiance, Ohio | 92 | $ 10,790,000 | $ 117,282 | $ 74,000 |
| Shelby, Ohio | 68 | $ 11,480,000 | $ 168,823 | $ 106,000 |
| Henry, Ohio | 64 | $ 7,710,000 | $ 120,468 | $ 75,000 |
| Allen, Indiana | 56 | $ 10,030,000 | $ 179,107 | $ 159,000 |
| Wells, Indiana | 48 | $ 6,670,000 | $ 138,958 | $ 83,000 |
| Wood, Ohio | 46 | $ 34,840,000 | $ 757,391 | $ 116,000 |
| DeKalb, Indiana | 40 | $ 5,750,000 | $ 143,750 | $ 64,000 |
| Steuben, Indiana | 36 | $ 6,570,000 | $ 182,500 | $ 174,000 |
| Delaware, Indiana | 34 | $ 7,360,000 | $ 216,470 | $ 118,000 |
| Jay, Indiana | 32 | $ 3,000,000 | $ 93,750 | $ 49,000 |
| Champaign, Ohio | 26 | $ 4,310,000 | $ 165,769 | $ 95,000 |
| Clark, Ohio | 23 | $ 5,385,000 | $ 234,130 | $ 102,000 |
| Franklin, Ohio | 21 | $ 18,675,000 | $ 889,285 | $ 67,000 |
| Butler, Ohio | 19 | $ 5,805,000 | $ 305,526 | $ 167,000 |
| Wayne, Indiana | 15 | $ 2,435,000 | $ 162,333 | $ 98,000 |
| Miami, Ohio | 14 | $ 2,690,000 | $ 192,142 | $ 105,000 |
| Paulding, Ohio | 14 | $ 1,900,000 | $ 135,714 | $ 66,000 |
| Fayette, Indiana | 13 | $ 1,155,000 | $ 88,846 | $ 97,000 |
| Henry, Indiana | 13 | $ 1,945,000 | $ 149,615 | $ 65,000 |
| Monroe, Michigan | 11 | $ 1,365,000 | $ 124,090 | $ 86,000 |
| Logan, Ohio | 11 | $ 1,435,000 | $ 130,454 | $ 77,000 |
| Van Wert, Ohio | 10 | $ 1,490,000 | $ 149,000 | $ 51,000 |
| Hillsdale, Michigan | 9 | $ 1,395,000 | $ 155,000 | $ 96,000 |
| Hancock, Ohio | 9 | $ 1,195,000 | $ 132,777 | $ 120,000 |
| Lenawee, Michigan | 8 | $ 1,390,000 | $ 173,750 | $ 216,000 |
| Mercer, Ohio | 8 | $ 1,460,000 | $ 182,500 | $ 57,000 |
| Auglaize, Ohio | 7 | $ 585,000 | $ 83,571 | $ 58,000 |
| Montgomery, Ohio | 7 | $ 1,155,000 | $ 165,000 | $ 111,000 |
| Union, Indiana | 6 | $ 1,380,000 | $ 230,000 | $ 125,000 |
| LaGrange, Indiana | 5 | $ 1,255,000 | $ 251,000 | $ 97,000 |
| Ottawa, Ohio | 5 | $ 945,000 | $ 189,000 | $ 129,000 |
| Fulton, Georgia | 4 | $ 3,330,000 | $ 832,500 | $ 244,000 |
| Hamilton, Indiana | 4 | $ 2,290,000 | $ 572,500 | $ 424,000 |
| Kosciusko, Indiana | 4 | $ 490,000 | $ 122,500 | $ 110,000 |
| Madison, Indiana | 4 | $ 1,100,000 | $ 275,000 | $ 90,000 |
| Noble, Indiana | 4 | $ 1,400,000 | $ 350,000 | $ 132,000 |
| Oakland, Michigan | 4 | $ 2,810,000 | $ 702,500 | $ 784,000 |
| Lee, Florida | 3 | $ 5,265,000 | $ 1,755,000 | $ 618,000 |
| Pinellas, Florida | 3 | $ 1,385,000 | $ 461,666 | $ 386,000 |
| Whitley, Indiana | 3 | $ 445,000 | $ 148,333 | $ 81,000 |
| Erie, Ohio | 3 | $ 925,000 | $ 308,333 | $ 199,000 |
| Greene, Ohio | 3 | $ 525,000 | $ 175,000 | $ 107,000 |
| Putnam, Ohio | 3 | $ 435,000 | $ 145,000 | $ 84,000 |
| Manatee, Florida | 2 | $ 1,790,000 | $ 895,000 | $ 229,000 |
| Sarasota, Florida | 2 | $ 1,250,000 | $ 625,000 | $ 358,000 |
| Elkhart, Indiana | 2 | $ 320,000 | $ 160,000 | $ 46,000 |
| Grant, Indiana | 2 | $ 590,000 | $ 295,000 | $ 0 |
| Jennings, Indiana | 2 | $ 240,000 | $ 120,000 | $ 34,000 |
| Marion, Indiana | 2 | $ 580,000 | $ 290,000 | $ 183,000 |
| Miami, Indiana | 2 | $ 200,000 | $ 100,000 | $ 32,000 |
| Branch, Michigan | 2 | $ 500,000 | $ 250,000 | $ 94,000 |
| Calhoun, Michigan | 2 | $ 370,000 | $ 185,000 | $ 28,000 |
| Cheboygan, Michigan | 2 | $ 230,000 | $ 115,000 | $ 185,000 |
| St. Joseph, Michigan | 2 | $ 410,000 | $ 205,000 | $ 55,000 |
| Allen, Ohio | 2 | $ 130,000 | $ 65,000 | $ 87,000 |
| Ashland, Ohio | 2 | $ 440,000 | $ 220,000 | $ 78,000 |
| Delaware, Ohio | 2 | $ 310,000 | $ 155,000 | $ 122,000 |
| Medina, Ohio | 2 | $ 230,000 | $ 115,000 | $ 176,000 |
| Seneca, Ohio | 2 | $ 220,000 | $ 110,000 | $ 48,000 |
| Charlotte, Florida | 1 | $ 925,000 | $ 925,000 | $ 508,000 |
| Orange, Florida | 1 | $ 265,000 | $ 265,000 | $ 500,000 |
| Palm Beach, Florida | 1 | $ 1,005,000 | $ 1,005,000 | $ 210,000 |
| St. Johns, Florida | 1 | $ 555,000 | $ 555,000 | $ 480,000 |
| Volusia, Florida | 1 | $ 335,000 | $ 335,000 | $ 175,000 |
| Bartholomew, Indiana | 1 | $ 15,000 | $ 15,000 | $ 131,000 |
| Blackford, Indiana | 1 | $ 45,000 | $ 45,000 | $ 0 |
| Franklin, Indiana | 1 | $ 85,000 | $ 85,000 | $ 109,000 |
| Hancock, Indiana | 1 | $ 305,000 | $ 305,000 | $ 91,000 |
| Huntington, Indiana | 1 | $ 65,000 | $ 65,000 | $ 53,000 |
| Randolph, Indiana | 1 | $ 105,000 | $ 105,000 | $ 201,000 |
| Tipton, Indiana | 1 | $ 15,000 | $ 15,000 | $ 20,000 |
| Vigo, Indiana | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Wabash, Indiana | 1 | $ 85,000 | $ 85,000 | $ 44,000 |
| Jefferson, Kentucky | 1 | $ 65,000 | $ 65,000 | $ 165,000 |
| Kalamazoo, Michigan | 1 | $ 3,745,000 | $ 3,745,000 | $ 0 |
| Luce, Michigan | 1 | $ 85,000 | $ 85,000 | $ 44,000 |
| Moore, North Carolina | 1 | $ 515,000 | $ 515,000 | $ 318,000 |
| Adams, Ohio | 1 | $ 115,000 | $ 115,000 | $ 12,000 |
| Crawford, Ohio | 1 | $ 25,000 | $ 25,000 | $ 88,000 |
| Fairfield, Ohio | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Gallia, Ohio | 1 | $ 185,000 | $ 185,000 | $ 66,000 |
| Harrison, Ohio | 1 | $ 115,000 | $ 115,000 | $ 38,000 |
| Hocking, Ohio | 1 | $ 145,000 | $ 145,000 | $ 48,000 |
| Jackson, Ohio | 1 | $ 165,000 | $ 165,000 | $ 45,000 |
| Lorain, Ohio | 1 | $ 35,000 | $ 35,000 | $ 42,000 |
| Pickaway, Ohio | 1 | $ 835,000 | $ 835,000 | $ 0 |
| Sandusky, Ohio | 1 | $ 125,000 | $ 125,000 | $ 146,000 |
| Summit, Ohio | 1 | $ 475,000 | $ 475,000 | $ 107,000 |
| Union, Ohio | 1 | $ 445,000 | $ 445,000 | $ 0 |
| Wayne, Ohio | 1 | $ 105,000 | $ 105,000 | $ 158,000 |
| Wyandot, Ohio | 1 | $ 95,000 | $ 95,000 | $ 44,000 |
| Anderson, South Carolina | 1 | $ 255,000 | $ 255,000 | $ 46,000 |
| York, South Carolina | 1 | $ 45,000 | $ 45,000 | $ 224,000 |
| Campbell, Tennessee | 1 | $ 185,000 | $ 185,000 | $ 31,000 |
| Claiborne, Tennessee | 1 | $ 375,000 | $ 375,000 | $ 572,000 |
| Florence, Wisconsin | 1 | $ 175,000 | $ 175,000 | $ 120,000 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants State Bank in 2022
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 | 914 | $221,090,000 | $241,000 | $28,005,000 | $93,000 | $3,046,000 |
| Other Purpose | 493 | $37,765,000 | $76,000 | $925,000 | $93,000 | $964,000 |
| Cash-out Refinancing | 351 | $62,405,000 | $177,000 | $4,285,000 | $84,000 | $1,399,000 |
| Refinancing | 83 | $14,015,000 | $168,000 | $1,325,000 | $107,000 | $1,861,000 |
| Home Improvement | 55 | $5,825,000 | $105,000 | $955,000 | $83,000 | $367,000 |
| 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 | 1,569 | $222,635,000 | $141,000 | $2,015,000 | $90,000 | $2,834,000 |
| Not applicable | 152 | $92,810,000 | $610,000 | $28,005,000 | $0 | $0 |
| Hispanic | 77 | $12,105,000 | $157,000 | $1,505,000 | $90,000 | $963,000 |
| Not Provided | 63 | $6,985,000 | $110,000 | $425,000 | $136,000 | $3,046,000 |
| Black or African American | 17 | $3,595,000 | $211,000 | $1,025,000 | $85,000 | $298,000 |
| Asian | 11 | $1,805,000 | $164,000 | $355,000 | $86,000 | $189,000 |
| American Indian or Alaskan Native | 6 | $1,080,000 | $180,000 | $535,000 | $96,000 | $374,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $85,000 | $85,000 | $85,000 | $636,000 | $636,000 |
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) | 1,896 | $341,100,000 | $179,000 | $28,005,000 | $92,000 | $3,046,000 |
| 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 | 1,172 | $227,040,000 | $193,000 | $28,005,000 | $96,000 | $2,834,000 |
| Preapproval Approved but not Accepted | 209 | $43,205,000 | $206,000 | $1,025,000 | $82,000 | $481,000 |
| Application Denied By Financial Institution | 206 | $22,160,000 | $107,000 | $1,005,000 | $81,000 | $964,000 |
| Preapproval Denied by Financial Institution | 178 | $27,980,000 | $157,000 | $1,365,000 | $91,000 | $3,046,000 |
| Application Withdrawn By Applicant | 121 | $19,385,000 | $160,000 | $605,000 | $91,000 | $416,000 |
| Application Approved But Not Accepted | 6 | $960,000 | $160,000 | $325,000 | $101,000 | $174,000 |
| Loan Purchased By The Institution | 4 | $370,000 | $92,000 | $155,000 | $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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,512 | $290,960,000 | $192,000 | $28,005,000 | $93,000 | $2,834,000 |
| Credit History | 126 | $13,390,000 | $106,000 | $385,000 | $69,000 | $447,000 |
| Debt-To-Income Ratio | 79 | $11,865,000 | $150,000 | $755,000 | $57,000 | $284,000 |
| Credit Application Incomplete | 77 | $13,415,000 | $174,000 | $1,365,000 | $147,000 | $3,046,000 |
| Collateral | 41 | $4,415,000 | $107,000 | $415,000 | $122,000 | $964,000 |
| Other | 35 | $4,315,000 | $123,000 | $475,000 | $65,000 | $204,000 |
| Employment History | 9 | $805,000 | $89,000 | $145,000 | $40,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $1,145,000 | $127,000 | $285,000 | $39,000 | $66,000 |
| Unverifiable Information | 8 | $790,000 | $98,000 | $225,000 | $57,000 | $80,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants State Bank's 2022 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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