The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2004
In 2004, The Farmers & Merchants State Bank of Archbold, OH reported 1,153 mortgage applications totaling $107.3 million, down 59% from 2003. The average application was for $93,103, and applicants reported an average income of $41,384. 72% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Toledo, OH (432), Monroe, MI (2) and Bridgeport-Stamford-Norwalk, CT (1) (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 | 1,153 |
| Total Mortgage Loan Application Amount | $107,348,000 |
| Average Mortgage Loan Application Amount | $93,103 |
| Highest Mortgage Loan Application Amount | $3,249,000 |
| Average Applicant Income | $41,384 |
| Highest Applicant Income | $428,000 |
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The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 432 | $ 46,853,000 | $ 108,456 | $ 46,000 |
| Monroe, MI | 2 | $ 385,000 | $ 192,500 | $ 101,000 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 395,000 | $ 395,000 | $ 88,000 |
| Cleveland-Elyria-Mentor, OH | 1 | $ 53,000 | $ 53,000 | $ 142,000 |
| Columbus, OH | 1 | $ 662,000 | $ 662,000 | $ 0 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 240,000 | $ 240,000 | $ 151,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 766,000 | $ 766,000 | $ 0 |
| Fort Wayne, IN | 1 | $ 227,000 | $ 227,000 | $ 120,000 |
| Gary, IN | 1 | $ 135,000 | $ 135,000 | $ 88,000 |
| Jackson, MI | 1 | $ 156,000 | $ 156,000 | $ 0 |
| Lima, OH | 1 | $ 237,000 | $ 237,000 | $ 64,000 |
| Saginaw-Saginaw Township North, MI | 1 | $ 100,000 | $ 100,000 | $ 0 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants State Bank in 2004
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 | 644 | $60,743,000 | $142,500 | $3,249,000 | $73,750 | $240,000 |
| Home Purchase | 454 | $45,539,000 | $298,800 | $770,000 | $59,200 | $428,000 |
| Home Improvement | 55 | $1,066,000 | $14,000 | $380,000 | $56,500 | $225,000 |
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 | 1,062 | $95,007,000 | $242,400 | $766,000 | $70,600 | $428,000 |
| Hispanic | 57 | $3,843,000 | $67,000 | $199,000 | $38,000 | $86,000 |
| Not applicable | 23 | $7,557,000 | $246,000 | $3,249,000 | $0 | $0 |
| Not Provided | 6 | $486,000 | $81,000 | $133,000 | $39,000 | $72,000 |
| Black or African American | 3 | $351,000 | $117,000 | $155,000 | $44,000 | $75,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $71,000 | $71,000 | $71,000 | $30,000 | $30,000 |
| American Indian or Alaskan Native | 1 | $33,000 | $33,000 | $33,000 | $21,000 | $21,000 |
| Asian | 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) | 1,153 | $107,348,000 | $243,400 | $3,249,000 | $68,800 | $428,000 |
| 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 | 827 | $79,852,000 | $202,250 | $3,249,000 | $63,250 | $240,000 |
| Application Denied By Financial Institution | 204 | $16,257,000 | $176,000 | $395,000 | $58,500 | $170,000 |
| Application Withdrawn By Applicant | 90 | $8,623,000 | $120,666 | $380,000 | $80,666 | $428,000 |
| Application Approved But Not Accepted | 29 | $2,302,000 | $79,000 | $212,000 | $47,000 | $156,000 |
| File Closed For Incompleteness | 3 | $314,000 | $104,000 | $180,000 | $11,000 | $33,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 | 111 | $7,388,000 | $61,000 | $195,000 | $34,000 | $111,000 |
| Debt-To-Income Ratio | 39 | $4,003,000 | $116,333 | $300,000 | $44,333 | $152,000 |
| Other | 21 | $2,176,000 | $234,333 | $395,000 | $78,333 | $120,000 |
| Collateral | 18 | $1,687,000 | $93,000 | $246,000 | $63,000 | $170,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $732,000 | $81,000 | $120,000 | $40,000 | $83,000 |
| Employment History | 3 | $103,000 | $34,000 | $60,000 | $14,000 | $23,000 |
| Unverifiable Information | 2 | $125,000 | $62,500 | $75,000 | $0 | $0 |
| Credit Application Incomplete | 1 | $43,000 | $43,000 | $43,000 | $45,000 | $45,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants State Bank's 2004 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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