The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2003
In 2003, The Farmers & Merchants State Bank of Archbold, OH reported 2,812 mortgage applications totaling $243.1 million. The average application was for $86,468, and applicants reported an average income of $41,761. 80% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Toledo, OH (1,206), Ann Arbor, MI (25) and Fort Wayne, IN (4) (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 | 2,812 |
| Total Mortgage Loan Application Amount | $243,149,000 |
| Average Mortgage Loan Application Amount | $86,468 |
| Highest Mortgage Loan Application Amount | $2,150,000 |
| Average Applicant Income | $41,761 |
| Highest Applicant Income | $1,375,000 |
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The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Toledo, OH | 1,206 | $ 114,969,000 | $ 95,330 | $ 41,000 |
| Ann Arbor, MI | 25 | $ 2,197,000 | $ 87,880 | $ 48,000 |
| Fort Wayne, IN | 4 | $ 330,000 | $ 82,500 | $ 53,000 |
| Columbus, OH | 3 | $ 387,000 | $ 129,000 | $ 111,000 |
| Akron, OH | 1 | $ 68,000 | $ 68,000 | $ 35,000 |
| Detroit, MI | 1 | $ 163,000 | $ 163,000 | $ 101,000 |
| Elkhart-Goshen, IN | 1 | $ 150,000 | $ 150,000 | $ 0 |
| Gary, IN | 1 | $ 65,000 | $ 65,000 | $ 160,000 |
| Indianapolis, IN | 1 | $ 150,000 | $ 150,000 | $ 192,000 |
| Jackson, MI | 1 | $ 180,000 | $ 180,000 | $ 0 |
| Sarasota-Bradenton, FL | 1 | $ 322,000 | $ 322,000 | $ 200,000 |
| South Bend, IN | 1 | $ 87,000 | $ 87,000 | $ 75,000 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants State Bank in 2003
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 |
|---|---|---|---|---|---|---|
| Refinancing (home purchase or home improvement, one-to-four family) | 2,217 | $195,724,000 | $102,000 | $2,150,000 | $67,333 | $1,375,000 |
| Home Purchase (one-to-four family) | 507 | $42,276,000 | $141,000 | $366,000 | $70,400 | $276,000 |
| Home Improvement (one-to-four family) | 82 | $1,794,000 | $37,500 | $105,000 | $20,000 | $182,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 6 | $3,355,000 | $559,000 | $1,335,000 | $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 | 2,680 | $232,390,000 | $141,400 | $2,150,000 | $98,000 | $1,375,000 |
| Hispanic | 84 | $5,793,000 | $68,000 | $208,000 | $39,000 | $125,000 |
| Not applicable | 23 | $2,854,000 | $169,500 | $345,000 | $0 | $0 |
| Asian or Pacific Islander | 11 | $1,072,000 | $174,500 | $269,000 | $89,000 | $138,000 |
| Other | 8 | $525,000 | $65,000 | $100,000 | $67,000 | $101,000 |
| American Indian or Alaskan Native | 3 | $187,000 | $62,000 | $73,000 | $8,000 | $24,000 |
| Information not provided by applicant in mail or telephone application | 2 | $253,000 | $126,000 | $200,000 | $27,000 | $54,000 |
| Black | 1 | $75,000 | $75,000 | $75,000 | $50,000 | $50,000 |
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) | 2,812 | $243,149,000 | $143,800 | $2,150,000 | $75,800 | $1,375,000 |
| 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 | 2,238 | $198,910,000 | $142,600 | $2,150,000 | $83,000 | $1,375,000 |
| Application Denied By Financial Institution | 327 | $23,085,000 | $80,333 | $520,000 | $30,666 | $195,000 |
| Application Approved But Not Accepted | 156 | $13,622,000 | $148,000 | $364,000 | $66,333 | $174,000 |
| Application Withdrawn By Applicant | 86 | $7,092,000 | $90,500 | $325,000 | $40,000 | $124,000 |
| File Closed For Incompleteness | 5 | $440,000 | $62,500 | $200,000 | $19,000 | $66,000 |
| Loan Purchased By The Institution | 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 |
|---|---|---|---|---|---|---|
| Credit History | 147 | $9,125,000 | $78,500 | $176,000 | $26,000 | $195,000 |
| Debt-To-Income Ratio | 78 | $5,632,000 | $86,333 | $179,000 | $29,666 | $76,000 |
| Collateral | 41 | $3,114,000 | $78,000 | $152,000 | $43,500 | $99,000 |
| Other | 30 | $2,519,000 | $62,500 | $235,000 | $30,500 | $94,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 12 | $1,335,000 | $111,000 | $520,000 | $22,000 | $49,000 |
| Employment History | 9 | $513,000 | $57,000 | $86,000 | $11,000 | $35,000 |
| Unverifiable Information | 7 | $617,000 | $76,000 | $122,000 | $5,500 | $37,000 |
| Credit Application Incomplete | 3 | $230,000 | $76,000 | $90,000 | $25,000 | $54,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants State Bank's 2003 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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