The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2008
In 2008, The Farmers & Merchants State Bank of Archbold, OH reported 1,053 mortgage applications totaling $102.1 million, up 29% from 2007. The average application was for $96,920, and applicants reported an average income of $54,982. 54% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Toledo, OH (379), Columbus, OH (3) and Fort Wayne, IN (3) (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 | 1,053 |
| Total Mortgage Loan Application Amount | $102,057,000 |
| Average Mortgage Loan Application Amount | $96,920 |
| Highest Mortgage Loan Application Amount | $2,300,000 |
| Average Applicant Income | $54,982 |
| Highest Applicant Income | $723,000 |
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The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 379 | $ 40,605,000 | $ 107,137 | $ 57,000 |
| Columbus, OH | 3 | $ 334,000 | $ 111,333 | $ 45,000 |
| Fort Wayne, IN | 3 | $ 196,000 | $ 65,333 | $ 33,000 |
| Niles-Benton Harbor, MI | 2 | $ 421,000 | $ 210,500 | $ 127,000 |
| Bradenton-Sarasota-Venice, FL | 1 | $ 264,000 | $ 264,000 | $ 225,000 |
| Charleston-North Charleston-Summerville, SC | 1 | $ 417,000 | $ 417,000 | $ 419,000 |
| Cleveland-Elyria-Mentor, OH | 1 | $ 42,000 | $ 42,000 | $ 0 |
| Indianapolis-Carmel, IN | 1 | $ 325,000 | $ 325,000 | $ 216,000 |
| Jackson, MI | 1 | $ 184,000 | $ 184,000 | $ 458,000 |
| Jacksonville, NC | 1 | $ 120,000 | $ 120,000 | $ 99,000 |
| Lima, OH | 1 | $ 91,000 | $ 91,000 | $ 32,000 |
| Michigan City-La Porte, IN | 1 | $ 170,000 | $ 170,000 | $ 149,000 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants State Bank in 2008
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 | 536 | $56,632,000 | $105,000 | $768,000 | $61,000 | $723,000 |
| Home Purchase | 388 | $38,549,000 | $99,000 | $2,300,000 | $46,000 | $419,000 |
| Home Improvement | 129 | $6,876,000 | $53,000 | $335,000 | $57,000 | $258,000 |
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 | 976 | $93,547,000 | $95,000 | $2,300,000 | $56,000 | $464,000 |
| Hispanic | 46 | $3,019,000 | $65,000 | $140,000 | $39,000 | $67,000 |
| Not applicable | 12 | $3,408,000 | $284,000 | $1,320,000 | $0 | $0 |
| Not Provided | 10 | $689,000 | $68,000 | $300,000 | $47,000 | $107,000 |
| Asian | 4 | $975,000 | $243,000 | $375,000 | $265,000 | $723,000 |
| American Indian or Alaskan Native | 3 | $270,000 | $90,000 | $129,000 | $33,000 | $77,000 |
| Black or African American | 1 | $99,000 | $99,000 | $99,000 | $30,000 | $30,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $50,000 | $50,000 | $50,000 | $23,000 | $23,000 |
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) | 1,053 | $102,057,000 | $96,000 | $2,300,000 | $55,000 | $723,000 |
| 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 | 566 | $53,617,000 | $94,000 | $1,320,000 | $58,000 | $723,000 |
| Application Denied By Financial Institution | 231 | $24,275,000 | $105,000 | $2,300,000 | $47,000 | $464,000 |
| Application Withdrawn By Applicant | 163 | $17,211,000 | $105,000 | $335,000 | $62,000 | $258,000 |
| Preapproval Denied by Financial Institution | 74 | $5,365,000 | $72,000 | $150,000 | $36,000 | $88,000 |
| Application Approved But Not Accepted | 10 | $872,000 | $87,000 | $224,000 | $54,000 | $94,000 |
| File Closed For Incompleteness | 9 | $717,000 | $79,000 | $148,000 | $40,000 | $116,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 160 | $12,376,000 | $77,000 | $370,000 | $44,000 | $196,000 |
| Debt-To-Income Ratio | 78 | $7,094,000 | $90,000 | $300,000 | $42,000 | $120,000 |
| Collateral | 34 | $3,560,000 | $104,000 | $417,000 | $58,000 | $464,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $4,241,000 | $471,000 | $2,300,000 | $12,000 | $71,000 |
| Mortgage Insurance Denied | 8 | $605,000 | $75,000 | $128,000 | $36,000 | $74,000 |
| Other | 8 | $937,000 | $117,000 | $178,000 | $72,000 | $138,000 |
| Employment History | 6 | $600,000 | $100,000 | $179,000 | $44,000 | $84,000 |
| Unverifiable Information | 2 | $227,000 | $113,000 | $150,000 | $31,000 | $52,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants State Bank's 2008 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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with aggregated HMDA statistics today.
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