The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2023
In 2023, The Farmers & Merchants State Bank of Archbold, OH reported 1,699 mortgage applications totaling $300.2 million, down 10% from 2022. The average application was for $176,712, and applicants reported an average income of $91,834. 58% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Toledo, OH (454), Fort Wayne, IN (70) and Muncie, IN (26) (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 | 1,699 |
| Total Mortgage Loan Application Amount | $300,235,000 |
| Average Mortgage Loan Application Amount | $176,712 |
| Highest Mortgage Loan Application Amount | $14,005,000 |
| Average Applicant Income | $91,834 |
| Highest Applicant Income | $2,660,000 |
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The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 269 | $ 37,105,000 | $ 137,936 | $ 107,000 |
| Adams, Indiana | 211 | $ 29,535,000 | $ 139,976 | $ 60,000 |
| Williams, Ohio | 207 | $ 23,505,000 | $ 113,550 | $ 75,000 |
| Defiance, Ohio | 126 | $ 15,080,000 | $ 119,682 | $ 66,000 |
| Lucas, Ohio | 126 | $ 22,760,000 | $ 180,634 | $ 125,000 |
| Henry, Ohio | 82 | $ 8,880,000 | $ 108,292 | $ 70,000 |
| Shelby, Ohio | 67 | $ 8,225,000 | $ 122,761 | $ 78,000 |
| Allen, Indiana | 63 | $ 16,085,000 | $ 255,317 | $ 77,000 |
| Wood, Ohio | 55 | $ 9,745,000 | $ 177,181 | $ 151,000 |
| DeKalb, Indiana | 48 | $ 5,430,000 | $ 113,125 | $ 92,000 |
| Wells, Indiana | 40 | $ 4,730,000 | $ 118,250 | $ 65,000 |
| Jay, Indiana | 28 | $ 3,520,000 | $ 125,714 | $ 49,000 |
| Delaware, Indiana | 26 | $ 4,450,000 | $ 171,153 | $ 85,000 |
| Steuben, Indiana | 25 | $ 3,175,000 | $ 127,000 | $ 78,000 |
| Wayne, Indiana | 19 | $ 3,835,000 | $ 201,842 | $ 89,000 |
| Paulding, Ohio | 19 | $ 1,565,000 | $ 82,368 | $ 45,000 |
| Champaign, Ohio | 17 | $ 1,725,000 | $ 101,470 | $ 99,000 |
| Miami, Ohio | 14 | $ 1,760,000 | $ 125,714 | $ 64,000 |
| Henry, Indiana | 11 | $ 1,815,000 | $ 165,000 | $ 46,000 |
| Hancock, Ohio | 11 | $ 1,355,000 | $ 123,181 | $ 85,000 |
| Lenawee, Michigan | 10 | $ 2,210,000 | $ 221,000 | $ 230,000 |
| Mercer, Ohio | 10 | $ 710,000 | $ 71,000 | $ 45,000 |
| Franklin, Ohio | 9 | $ 6,495,000 | $ 721,666 | $ 181,000 |
| Fayette, Indiana | 8 | $ 490,000 | $ 61,250 | $ 57,000 |
| Clark, Ohio | 8 | $ 930,000 | $ 116,250 | $ 55,000 |
| Van Wert, Ohio | 8 | $ 1,370,000 | $ 171,250 | $ 48,000 |
| Whitley, Indiana | 7 | $ 1,435,000 | $ 205,000 | $ 151,000 |
| Montgomery, Ohio | 7 | $ 2,185,000 | $ 312,142 | $ 98,000 |
| Noble, Indiana | 6 | $ 1,030,000 | $ 171,666 | $ 174,000 |
| Oakland, Michigan | 6 | $ 15,410,000 | $ 2,568,333 | $ 189,000 |
| Elkhart, Indiana | 5 | $ 985,000 | $ 197,000 | $ 59,000 |
| Calhoun, Michigan | 5 | $ 715,000 | $ 143,000 | $ 49,000 |
| Butler, Ohio | 5 | $ 2,555,000 | $ 511,000 | $ 339,000 |
| Logan, Ohio | 5 | $ 895,000 | $ 179,000 | $ 89,000 |
| Lee, Florida | 4 | $ 1,460,000 | $ 365,000 | $ 898,000 |
| Miami-Dade, Florida | 4 | $ 9,020,000 | $ 2,255,000 | $ 1,141,000 |
| Sarasota, Florida | 4 | $ 19,330,000 | $ 4,832,500 | $ 242,000 |
| Hendricks, Indiana | 4 | $ 930,000 | $ 232,500 | $ 76,000 |
| Madison, Indiana | 4 | $ 790,000 | $ 197,500 | $ 206,000 |
| Union, Indiana | 4 | $ 1,070,000 | $ 267,500 | $ 519,000 |
| Hillsdale, Michigan | 4 | $ 810,000 | $ 202,500 | $ 150,000 |
| Monroe, Michigan | 4 | $ 830,000 | $ 207,500 | $ 167,000 |
| Greene, Ohio | 4 | $ 370,000 | $ 92,500 | $ 56,000 |
| Ottawa, Ohio | 4 | $ 1,680,000 | $ 420,000 | $ 394,000 |
| Huntington, Indiana | 3 | $ 275,000 | $ 91,666 | $ 38,000 |
| LaGrange, Indiana | 3 | $ 585,000 | $ 195,000 | $ 62,000 |
| Marion, Indiana | 3 | $ 1,175,000 | $ 391,666 | $ 144,000 |
| Miami, Indiana | 3 | $ 535,000 | $ 178,333 | $ 80,000 |
| Auglaize, Ohio | 3 | $ 165,000 | $ 55,000 | $ 114,000 |
| Delaware, Ohio | 3 | $ 935,000 | $ 311,666 | $ 267,000 |
| Warren, Ohio | 3 | $ 245,000 | $ 81,666 | $ 225,000 |
| Franklin, Indiana | 2 | $ 340,000 | $ 170,000 | $ 117,000 |
| Grant, Indiana | 2 | $ 190,000 | $ 95,000 | $ 85,000 |
| Hamilton, Indiana | 2 | $ 1,670,000 | $ 835,000 | $ 252,000 |
| Jennings, Indiana | 2 | $ 290,000 | $ 145,000 | $ 23,000 |
| Johnson, Indiana | 2 | $ 190,000 | $ 95,000 | $ 83,000 |
| Randolph, Indiana | 2 | $ 290,000 | $ 145,000 | $ 45,000 |
| Ripley, Indiana | 2 | $ 150,000 | $ 75,000 | $ 0 |
| Jefferson, Kentucky | 2 | $ 210,000 | $ 105,000 | $ 0 |
| Branch, Michigan | 2 | $ 190,000 | $ 95,000 | $ 78,000 |
| Jackson, Michigan | 2 | $ 450,000 | $ 225,000 | $ 217,000 |
| St. Joseph, Michigan | 2 | $ 870,000 | $ 435,000 | $ 47,000 |
| Wayne, Michigan | 2 | $ 840,000 | $ 420,000 | $ 164,000 |
| Cuyahoga, Ohio | 2 | $ 600,000 | $ 300,000 | $ 103,000 |
| Erie, Ohio | 2 | $ 280,000 | $ 140,000 | $ 310,000 |
| Gallia, Ohio | 2 | $ 540,000 | $ 270,000 | $ 54,000 |
| Sandusky, Ohio | 2 | $ 230,000 | $ 115,000 | $ 90,000 |
| White, Tennessee | 2 | $ 630,000 | $ 315,000 | $ 99,000 |
| District of Columbia, District Of Columbia | 1 | $ 505,000 | $ 505,000 | $ 0 |
| Charlotte, Florida | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Manatee, Florida | 1 | $ 365,000 | $ 365,000 | $ 137,000 |
| Okaloosa, Florida | 1 | $ 315,000 | $ 315,000 | $ 113,000 |
| Pasco, Florida | 1 | $ 295,000 | $ 295,000 | $ 78,000 |
| Sumter, Florida | 1 | $ 415,000 | $ 415,000 | $ 135,000 |
| Cherokee, Georgia | 1 | $ 625,000 | $ 625,000 | $ 133,000 |
| Fulton, Georgia | 1 | $ 1,005,000 | $ 1,005,000 | $ 403,000 |
| Cook, Illinois | 1 | $ 205,000 | $ 205,000 | $ 36,000 |
| Brown, Indiana | 1 | $ 425,000 | $ 425,000 | $ 290,000 |
| Kosciusko, Indiana | 1 | $ 45,000 | $ 45,000 | $ 113,000 |
| Lawrence, Indiana | 1 | $ 45,000 | $ 45,000 | $ 45,000 |
| Owen, Indiana | 1 | $ 255,000 | $ 255,000 | $ 69,000 |
| Shelby, Indiana | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Cheboygan, Michigan | 1 | $ 365,000 | $ 365,000 | $ 165,000 |
| Iosco, Michigan | 1 | $ 205,000 | $ 205,000 | $ 269,000 |
| Macomb, Michigan | 1 | $ 105,000 | $ 105,000 | $ 16,000 |
| Washtenaw, Michigan | 1 | $ 695,000 | $ 695,000 | $ 266,000 |
| Cabarrus, North Carolina | 1 | $ 295,000 | $ 295,000 | $ 92,000 |
| Mecklenburg, North Carolina | 1 | $ 105,000 | $ 105,000 | $ 80,000 |
| Brown, Ohio | 1 | $ 385,000 | $ 385,000 | $ 138,000 |
| Clinton, Ohio | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Holmes, Ohio | 1 | $ 335,000 | $ 335,000 | $ 48,000 |
| Stark, Ohio | 1 | $ 15,000 | $ 15,000 | $ 18,000 |
| Wayne, Ohio | 1 | $ 85,000 | $ 85,000 | $ 105,000 |
| Oconee, South Carolina | 1 | $ 155,000 | $ 155,000 | $ 60,000 |
| Campbell, Tennessee | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Cocke, Tennessee | 1 | $ 75,000 | $ 75,000 | $ 0 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants State Bank in 2023
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 | 841 | $210,025,000 | $249,000 | $14,005,000 | $92,000 | $2,660,000 |
| Cash-out Refinancing | 460 | $51,850,000 | $112,000 | $1,165,000 | $94,000 | $2,108,000 |
| Other Purpose | 254 | $20,500,000 | $80,000 | $3,005,000 | $94,000 | $1,405,000 |
| Home Improvement | 81 | $6,075,000 | $75,000 | $1,215,000 | $81,000 | $189,000 |
| Refinancing | 63 | $11,785,000 | $187,000 | $2,005,000 | $79,000 | $431,000 |
| 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 | 1,480 | $209,010,000 | $141,000 | $3,005,000 | $92,000 | $2,660,000 |
| Not applicable | 102 | $73,430,000 | $719,000 | $14,005,000 | $0 | $0 |
| Hispanic | 73 | $9,465,000 | $129,000 | $605,000 | $88,000 | $683,000 |
| Asian | 18 | $3,720,000 | $206,000 | $1,565,000 | $127,000 | $519,000 |
| Black or African American | 13 | $2,455,000 | $188,000 | $705,000 | $66,000 | $187,000 |
| Not Provided | 11 | $2,025,000 | $184,000 | $1,005,000 | $109,000 | $352,000 |
| American Indian or Alaskan Native | 2 | $130,000 | $65,000 | $125,000 | $36,000 | $48,000 |
| 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) | 1,699 | $300,235,000 | $176,000 | $14,005,000 | $92,000 | $2,660,000 |
| 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 | 990 | $185,350,000 | $187,000 | $14,005,000 | $98,000 | $2,108,000 |
| Preapproval Approved but not Accepted | 215 | $45,195,000 | $210,000 | $1,005,000 | $93,000 | $1,210,000 |
| Application Denied By Financial Institution | 189 | $23,285,000 | $123,000 | $3,005,000 | $75,000 | $1,141,000 |
| Preapproval Denied by Financial Institution | 187 | $29,435,000 | $157,000 | $705,000 | $73,000 | $2,660,000 |
| Application Withdrawn By Applicant | 109 | $15,555,000 | $142,000 | $695,000 | $97,000 | $431,000 |
| Application Approved But Not Accepted | 8 | $1,280,000 | $160,000 | $425,000 | $118,000 | $244,000 |
| Loan Purchased By The Institution | 1 | $135,000 | $135,000 | $135,000 | $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 | 1,323 | $247,515,000 | $187,000 | $14,005,000 | $97,000 | $2,108,000 |
| Credit History | 143 | $16,045,000 | $112,000 | $705,000 | $56,000 | $264,000 |
| Debt-To-Income Ratio | 104 | $15,760,000 | $151,000 | $445,000 | $80,000 | $2,660,000 |
| Credit Application Incomplete | 67 | $11,305,000 | $168,000 | $1,005,000 | $79,000 | $317,000 |
| Collateral | 27 | $5,845,000 | $216,000 | $3,005,000 | $137,000 | $1,141,000 |
| Other | 22 | $1,850,000 | $84,000 | $505,000 | $75,000 | $220,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $960,000 | $160,000 | $305,000 | $75,000 | $115,000 |
| Employment History | 4 | $420,000 | $105,000 | $145,000 | $53,000 | $84,000 |
| Unverifiable Information | 3 | $535,000 | $178,000 | $205,000 | $54,000 | $93,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants State Bank's 2023 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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