The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2025
In 2025, The Farmers & Merchants State Bank of Archbold, OH reported 1,926 mortgage applications totaling $354.2 million, up 15% from 2024. The average application was for $183,888, and applicants reported an average income of $102,737. 57% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Toledo, OH (447), Fort Wayne, IN (93) and Warren-Troy-Farmington Hills, MI (49) (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 | 1,926 |
| Total Mortgage Loan Application Amount | $354,170,000 |
| Average Mortgage Loan Application Amount | $183,888 |
| Highest Mortgage Loan Application Amount | $18,005,000 |
| Average Applicant Income | $102,737 |
| Highest Applicant Income | $4,731,000 |
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The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Outside any metro area | 1,208 | $ 166,780,000 | $ 138,062 | $ 80,182 |
| Toledo, OH | 447 | $ 72,755,000 | $ 162,762 | $ 108,000 |
| Fort Wayne, IN | 93 | $ 15,765,000 | $ 169,516 | $ 96,000 |
| Warren-Troy-Farmington Hills, MI | 49 | $ 34,815,000 | $ 710,510 | $ 429,000 |
| Springfield, OH | 33 | $ 5,665,000 | $ 171,666 | $ 97,000 |
| Cincinnati, OH-KY-IN | 13 | $ 17,535,000 | $ 1,348,846 | $ 333,000 |
| Indianapolis-Carmel-Anderson, IN | 12 | $ 22,600,000 | $ 1,883,333 | $ 198,000 |
| Monroe, MI | 10 | $ 1,290,000 | $ 129,000 | $ 73,000 |
| Columbus, OH | 9 | $ 2,395,000 | $ 266,111 | $ 184,000 |
| Dayton-Springfield-Kettering, OH | 8 | $ 2,730,000 | $ 341,250 | $ 113,000 |
| Detroit-Dearborn-Livonia, MI | 7 | $ 1,455,000 | $ 207,857 | $ 564,000 |
| Elkhart-Goshen, IN | 6 | $ 1,170,000 | $ 195,000 | $ 58,000 |
| Muncie, IN | 4 | $ 1,560,000 | $ 390,000 | $ 132,000 |
| Battle Creek, MI | 2 | $ 380,000 | $ 190,000 | $ 129,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 650,000 | $ 325,000 | $ 132,000 |
| Cleveland, OH | 2 | $ 450,000 | $ 225,000 | $ 225,000 |
| Lexington-Fayette, KY | 2 | $ 290,000 | $ 145,000 | $ 45,000 |
| St. Petersburg-Clearwater-Largo, FL | 2 | $ 820,000 | $ 410,000 | $ 278,000 |
| Asheville, NC | 1 | $ 145,000 | $ 145,000 | $ 71,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 195,000 | $ 195,000 | $ 68,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 115,000 | $ 115,000 | $ 48,000 |
| Flint, MI | 1 | $ 45,000 | $ 45,000 | $ 68,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 805,000 | $ 805,000 | $ 554,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 105,000 | $ 105,000 | $ 454,000 |
| Houston-The Woodlands-Sugar Land, TX | 1 | $ 245,000 | $ 245,000 | $ 91,000 |
| Jackson, TN | 1 | $ 355,000 | $ 355,000 | $ 291,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Macon-Bibb County, GA | 1 | $ 205,000 | $ 205,000 | $ 938,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 995,000 | $ 995,000 | $ 1,283,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 425,000 | $ 425,000 | $ 214,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 1 | $ 525,000 | $ 525,000 | $ 220,000 |
| Punta Gorda, FL | 1 | $ 125,000 | $ 125,000 | $ 164,000 |
| Sandusky, OH | 1 | $ 185,000 | $ 185,000 | $ 78,000 |
| Sebastian-Vero Beach, FL | 1 | $ 405,000 | $ 405,000 | $ 803,000 |
| Traverse City, MI | 1 | $ 125,000 | $ 125,000 | $ 42,000 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants State Bank in 2025
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 | 941 | $206,835,000 | $219,000 | $18,005,000 | $92,000 | $1,728,000 |
| Cash-out Refinancing | 386 | $83,700,000 | $216,000 | $11,255,000 | $116,000 | $2,099,000 |
| Other Purpose | 301 | $27,765,000 | $92,000 | $525,000 | $90,000 | $1,296,000 |
| Home Improvement | 240 | $21,260,000 | $88,000 | $1,005,000 | $137,000 | $4,731,000 |
| Refinancing | 58 | $14,610,000 | $251,000 | $1,505,000 | $113,000 | $871,000 |
| 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 | 1,717 | $268,385,000 | $156,000 | $1,675,000 | $104,000 | $4,731,000 |
| Not applicable | 75 | $63,115,000 | $841,000 | $18,005,000 | $0 | $0 |
| Hispanic | 62 | $10,080,000 | $162,000 | $1,005,000 | $80,000 | $285,000 |
| Not Provided | 33 | $5,365,000 | $162,000 | $405,000 | $105,000 | $375,000 |
| Black or African American | 27 | $4,295,000 | $159,000 | $395,000 | $79,000 | $425,000 |
| Asian | 7 | $2,405,000 | $343,000 | $1,325,000 | $145,000 | $491,000 |
| American Indian or Alaskan Native | 4 | $370,000 | $92,000 | $165,000 | $72,000 | $138,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $155,000 | $155,000 | $155,000 | $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) | 1,926 | $354,170,000 | $183,000 | $18,005,000 | $103,000 | $4,731,000 |
| 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 | 1,089 | $190,125,000 | $174,000 | $11,255,000 | $119,000 | $4,731,000 |
| Preapproval Approved but not Accepted | 241 | $54,175,000 | $224,000 | $1,545,000 | $91,000 | $859,000 |
| Preapproval Denied by Financial Institution | 214 | $34,690,000 | $162,000 | $645,000 | $62,000 | $312,000 |
| Application Denied By Financial Institution | 200 | $24,800,000 | $124,000 | $1,325,000 | $78,000 | $1,296,000 |
| Application Withdrawn By Applicant | 114 | $37,560,000 | $329,000 | $18,005,000 | $100,000 | $791,000 |
| File Closed For Incompleteness | 52 | $9,560,000 | $183,000 | $905,000 | $98,000 | $554,000 |
| Application Approved But Not Accepted | 13 | $2,705,000 | $208,000 | $1,005,000 | $79,000 | $125,000 |
| Loan Purchased By The Institution | 3 | $555,000 | $185,000 | $295,000 | $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 | $294,680,000 | $194,000 | $18,005,000 | $112,000 | $4,731,000 |
| Credit History | 204 | $26,960,000 | $132,000 | $1,325,000 | $76,000 | $1,296,000 |
| Debt-To-Income Ratio | 133 | $20,135,000 | $151,000 | $645,000 | $56,000 | $454,000 |
| Collateral | 42 | $6,110,000 | $145,000 | $585,000 | $81,000 | $264,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 11 | $1,835,000 | $166,000 | $445,000 | $89,000 | $160,000 |
| Other | 8 | $1,310,000 | $163,000 | $525,000 | $73,000 | $220,000 |
| Unverifiable Information | 7 | $1,025,000 | $146,000 | $425,000 | $54,000 | $105,000 |
| Credit Application Incomplete | 5 | $1,555,000 | $311,000 | $475,000 | $105,000 | $167,000 |
| Employment History | 4 | $560,000 | $140,000 | $245,000 | $65,000 | $121,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants State Bank's 2025 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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