The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2024
In 2024, The Farmers & Merchants State Bank of Archbold, OH reported 1,673 mortgage applications totaling $275.2 million, down 2% from 2023. The average application was for $164,485, and applicants reported an average income of $100,380. 54% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Toledo, OH (436), Fort Wayne, IN (141) and Indianapolis-Carmel-Anderson, IN (16) (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 | 1,673 |
| Total Mortgage Loan Application Amount | $275,185,000 |
| Average Mortgage Loan Application Amount | $164,485 |
| Highest Mortgage Loan Application Amount | $9,205,000 |
| Average Applicant Income | $100,380 |
| Highest Applicant Income | $4,796,000 |
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The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 252 | $ 37,870,000 | $ 150,277 | $ 87,000 |
| Adams, Indiana | 223 | $ 26,415,000 | $ 118,452 | $ 64,000 |
| Williams, Ohio | 218 | $ 25,770,000 | $ 118,211 | $ 78,000 |
| Lucas, Ohio | 122 | $ 21,610,000 | $ 177,131 | $ 120,000 |
| Defiance, Ohio | 111 | $ 14,205,000 | $ 127,972 | $ 75,000 |
| Allen, Indiana | 76 | $ 15,070,000 | $ 198,289 | $ 98,000 |
| Henry, Ohio | 71 | $ 8,415,000 | $ 118,521 | $ 83,000 |
| Shelby, Ohio | 67 | $ 10,715,000 | $ 159,925 | $ 97,000 |
| Wells, Indiana | 63 | $ 9,695,000 | $ 153,888 | $ 91,000 |
| Wood, Ohio | 62 | $ 9,550,000 | $ 154,032 | $ 149,000 |
| DeKalb, Indiana | 46 | $ 6,140,000 | $ 133,478 | $ 99,000 |
| Steuben, Indiana | 33 | $ 6,665,000 | $ 201,969 | $ 116,000 |
| Jay, Indiana | 31 | $ 4,355,000 | $ 140,483 | $ 144,000 |
| Wayne, Indiana | 18 | $ 4,040,000 | $ 224,444 | $ 88,000 |
| Champaign, Ohio | 18 | $ 2,710,000 | $ 150,555 | $ 98,000 |
| Henry, Indiana | 15 | $ 3,075,000 | $ 205,000 | $ 55,000 |
| Butler, Ohio | 14 | $ 4,620,000 | $ 330,000 | $ 123,000 |
| Fayette, Indiana | 12 | $ 1,700,000 | $ 141,666 | $ 63,000 |
| Paulding, Ohio | 11 | $ 905,000 | $ 82,272 | $ 74,000 |
| Oakland, Michigan | 10 | $ 4,180,000 | $ 418,000 | $ 738,000 |
| Mercer, Ohio | 10 | $ 1,540,000 | $ 154,000 | $ 76,000 |
| Delaware, Indiana | 9 | $ 2,105,000 | $ 233,888 | $ 130,000 |
| Clark, Ohio | 9 | $ 1,465,000 | $ 162,777 | $ 126,000 |
| Miami, Ohio | 9 | $ 1,785,000 | $ 198,333 | $ 95,000 |
| Van Wert, Ohio | 8 | $ 1,060,000 | $ 132,500 | $ 65,000 |
| Elkhart, Indiana | 7 | $ 3,065,000 | $ 437,857 | $ 798,000 |
| Lenawee, Michigan | 7 | $ 1,975,000 | $ 282,142 | $ 184,000 |
| Sandusky, Ohio | 7 | $ 1,165,000 | $ 166,428 | $ 103,000 |
| Hillsdale, Michigan | 6 | $ 680,000 | $ 113,333 | $ 85,000 |
| Huntington, Indiana | 5 | $ 945,000 | $ 189,000 | $ 112,000 |
| LaGrange, Indiana | 5 | $ 1,135,000 | $ 227,000 | $ 84,000 |
| Marion, Indiana | 5 | $ 10,195,000 | $ 2,039,000 | $ 97,000 |
| Wayne, Michigan | 5 | $ 1,525,000 | $ 305,000 | $ 112,000 |
| Randolph, Indiana | 4 | $ 350,000 | $ 87,500 | $ 45,000 |
| Union, Indiana | 4 | $ 630,000 | $ 157,500 | $ 116,000 |
| Branch, Michigan | 4 | $ 1,370,000 | $ 342,500 | $ 165,000 |
| Auglaize, Ohio | 4 | $ 500,000 | $ 125,000 | $ 115,000 |
| Hancock, Ohio | 4 | $ 290,000 | $ 72,500 | $ 130,000 |
| Hendricks, Indiana | 3 | $ 1,175,000 | $ 391,666 | $ 148,000 |
| Madison, Indiana | 3 | $ 265,000 | $ 88,333 | $ 195,000 |
| Noble, Indiana | 3 | $ 535,000 | $ 178,333 | $ 101,000 |
| Monroe, Michigan | 3 | $ 455,000 | $ 151,666 | $ 130,000 |
| Charlotte, Florida | 2 | $ 1,070,000 | $ 535,000 | $ 2,039,000 |
| Lee, Florida | 2 | $ 990,000 | $ 495,000 | $ 385,000 |
| Blackford, Indiana | 2 | $ 200,000 | $ 100,000 | $ 50,000 |
| Boone, Indiana | 2 | $ 530,000 | $ 265,000 | $ 161,000 |
| Hamilton, Indiana | 2 | $ 760,000 | $ 380,000 | $ 60,000 |
| Kosciusko, Indiana | 2 | $ 180,000 | $ 90,000 | $ 58,000 |
| Miami, Indiana | 2 | $ 240,000 | $ 120,000 | $ 26,000 |
| Vanderburgh, Indiana | 2 | $ 240,000 | $ 120,000 | $ 45,000 |
| Wabash, Indiana | 2 | $ 270,000 | $ 135,000 | $ 36,000 |
| Washington, Indiana | 2 | $ 370,000 | $ 185,000 | $ 75,000 |
| Whitley, Indiana | 2 | $ 80,000 | $ 40,000 | $ 119,000 |
| Washtenaw, Michigan | 2 | $ 1,470,000 | $ 735,000 | $ 174,000 |
| Allen, Ohio | 2 | $ 520,000 | $ 260,000 | $ 65,000 |
| Hardin, Ohio | 2 | $ 270,000 | $ 135,000 | $ 36,000 |
| Logan, Ohio | 2 | $ 220,000 | $ 110,000 | $ 46,000 |
| Ottawa, Ohio | 2 | $ 150,000 | $ 75,000 | $ 45,000 |
| Dorchester, South Carolina | 2 | $ 440,000 | $ 220,000 | $ 80,000 |
| DeSoto, Florida | 1 | $ 565,000 | $ 565,000 | $ 324,000 |
| Hillsborough, Florida | 1 | $ 165,000 | $ 165,000 | $ 299,000 |
| Miami-Dade, Florida | 1 | $ 4,505,000 | $ 4,505,000 | $ 0 |
| Pasco, Florida | 1 | $ 85,000 | $ 85,000 | $ 46,000 |
| Sarasota, Florida | 1 | $ 445,000 | $ 445,000 | $ 265,000 |
| Seminole, Florida | 1 | $ 275,000 | $ 275,000 | $ 279,000 |
| Volusia, Florida | 1 | $ 315,000 | $ 315,000 | $ 187,000 |
| Grant, Indiana | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Greene, Indiana | 1 | $ 165,000 | $ 165,000 | $ 56,000 |
| Howard, Indiana | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Marshall, Indiana | 1 | $ 205,000 | $ 205,000 | $ 20,000 |
| Shelby, Indiana | 1 | $ 25,000 | $ 25,000 | $ 62,000 |
| Harvey, Kansas | 1 | $ 185,000 | $ 185,000 | $ 102,000 |
| Bourbon, Kentucky | 1 | $ 575,000 | $ 575,000 | $ 121,000 |
| Pulaski, Kentucky | 1 | $ 365,000 | $ 365,000 | $ 741,000 |
| Carroll, Maryland | 1 | $ 35,000 | $ 35,000 | $ 40,000 |
| Alpena, Michigan | 1 | $ 705,000 | $ 705,000 | $ 227,000 |
| Calhoun, Michigan | 1 | $ 335,000 | $ 335,000 | $ 33,000 |
| Kent, Michigan | 1 | $ 385,000 | $ 385,000 | $ 161,000 |
| Mackinac, Michigan | 1 | $ 275,000 | $ 275,000 | $ 192,000 |
| Otsego, Michigan | 1 | $ 225,000 | $ 225,000 | $ 217,000 |
| Presque Isle, Michigan | 1 | $ 215,000 | $ 215,000 | $ 84,000 |
| St. Joseph, Michigan | 1 | $ 215,000 | $ 215,000 | $ 48,000 |
| Cuyahoga, Ohio | 1 | $ 165,000 | $ 165,000 | $ 108,000 |
| Delaware, Ohio | 1 | $ 155,000 | $ 155,000 | $ 241,000 |
| Franklin, Ohio | 1 | $ 195,000 | $ 195,000 | $ 72,000 |
| Greene, Ohio | 1 | $ 485,000 | $ 485,000 | $ 155,000 |
| Hamilton, Ohio | 1 | $ 75,000 | $ 75,000 | $ 39,000 |
| Lake, Ohio | 1 | $ 405,000 | $ 405,000 | $ 178,000 |
| Perry, Ohio | 1 | $ 85,000 | $ 85,000 | $ 68,000 |
| Adams, Pennsylvania | 1 | $ 165,000 | $ 165,000 | $ 72,000 |
| Charleston, South Carolina | 1 | $ 265,000 | $ 265,000 | $ 686,000 |
| Robertson, Tennessee | 1 | $ 605,000 | $ 605,000 | $ 153,000 |
| Ellis, Texas | 1 | $ 555,000 | $ 555,000 | $ 173,000 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants State Bank in 2024
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 | 876 | $187,200,000 | $213,000 | $9,205,000 | $99,000 | $4,796,000 |
| Other Purpose | 395 | $34,525,000 | $87,000 | $1,005,000 | $104,000 | $2,561,000 |
| Cash-out Refinancing | 258 | $36,690,000 | $142,000 | $1,555,000 | $94,000 | $895,000 |
| Home Improvement | 100 | $8,450,000 | $84,000 | $855,000 | $117,000 | $778,000 |
| Refinancing | 44 | $8,320,000 | $189,000 | $955,000 | $95,000 | $501,000 |
| 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 | 1,476 | $223,550,000 | $151,000 | $1,445,000 | $101,000 | $4,796,000 |
| Hispanic | 75 | $9,765,000 | $130,000 | $1,305,000 | $91,000 | $984,000 |
| Not applicable | 51 | $29,455,000 | $577,000 | $9,205,000 | $0 | $0 |
| Not Provided | 30 | $4,710,000 | $157,000 | $755,000 | $104,000 | $300,000 |
| Black or African American | 19 | $2,295,000 | $120,000 | $255,000 | $67,000 | $138,000 |
| Asian | 14 | $3,880,000 | $277,000 | $705,000 | $137,000 | $778,000 |
| American Indian or Alaskan Native | 8 | $1,530,000 | $191,000 | $705,000 | $69,000 | $227,000 |
| 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) | 1,673 | $275,185,000 | $164,000 | $9,205,000 | $101,000 | $4,796,000 |
| 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 | 896 | $141,410,000 | $157,000 | $9,205,000 | $113,000 | $4,796,000 |
| Preapproval Approved but not Accepted | 250 | $54,610,000 | $218,000 | $1,005,000 | $89,000 | $741,000 |
| Preapproval Denied by Financial Institution | 211 | $34,135,000 | $161,000 | $605,000 | $56,000 | $337,000 |
| Application Denied By Financial Institution | 187 | $24,195,000 | $129,000 | $755,000 | $98,000 | $1,427,000 |
| Application Withdrawn By Applicant | 118 | $19,740,000 | $167,000 | $1,005,000 | $123,000 | $2,106,000 |
| Application Approved But Not Accepted | 10 | $1,060,000 | $106,000 | $225,000 | $77,000 | $180,000 |
| Loan Purchased By The Institution | 1 | $35,000 | $35,000 | $35,000 | $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 | 1,275 | $216,855,000 | $170,000 | $9,205,000 | $108,000 | $4,796,000 |
| Credit History | 180 | $21,690,000 | $120,000 | $705,000 | $61,000 | $337,000 |
| Debt-To-Income Ratio | 102 | $15,980,000 | $156,000 | $505,000 | $49,000 | $255,000 |
| Credit Application Incomplete | 71 | $13,005,000 | $183,000 | $755,000 | $118,000 | $984,000 |
| Collateral | 24 | $3,580,000 | $149,000 | $605,000 | $160,000 | $1,427,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $805,000 | $115,000 | $165,000 | $69,000 | $102,000 |
| Other | 5 | $1,005,000 | $201,000 | $395,000 | $164,000 | $454,000 |
| Unverifiable Information | 5 | $1,305,000 | $261,000 | $455,000 | $49,000 | $71,000 |
| Employment History | 4 | $960,000 | $240,000 | $495,000 | $51,000 | $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 2024 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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