The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2010
In 2010, The Farmers & Merchants State Bank of Archbold, OH reported 1,518 mortgage applications totaling $149.3 million, down 24% from 2009. The average application was for $98,370, and applicants reported an average income of $59,014. 63% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Toledo, OH (549), Fort Wayne, IN (7) and Monroe, MI (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 | 1,518 |
| Total Mortgage Loan Application Amount | $149,326,000 |
| Average Mortgage Loan Application Amount | $98,370 |
| Highest Mortgage Loan Application Amount | $1,854,000 |
| Average Applicant Income | $59,014 |
| Highest Applicant Income | $506,000 |
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The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 549 | $ 61,343,000 | $ 111,735 | $ 64,000 |
| Fort Wayne, IN | 7 | $ 1,240,000 | $ 177,142 | $ 46,000 |
| Monroe, MI | 4 | $ 586,000 | $ 146,500 | $ 72,000 |
| Columbus, OH | 3 | $ 352,000 | $ 117,333 | $ 73,000 |
| Lima, OH | 2 | $ 279,000 | $ 139,500 | $ 61,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 3,000 | $ 3,000 | $ 34,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 57,000 | $ 57,000 | $ 177,000 |
| Gary, IN | 1 | $ 217,000 | $ 217,000 | $ 174,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 50,000 | $ 50,000 | $ 39,000 |
| Michigan City-La Porte, IN | 1 | $ 167,000 | $ 167,000 | $ 149,000 |
| Sandusky, OH | 1 | $ 131,000 | $ 131,000 | $ 44,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 70,000 | $ 70,000 | $ 120,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 128,000 | $ 128,000 | $ 147,000 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants State Bank in 2010
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 | 994 | $108,191,000 | $108,000 | $1,328,000 | $63,000 | $506,000 |
| Home Purchase | 397 | $31,633,000 | $79,000 | $417,000 | $50,000 | $419,000 |
| Home Improvement | 127 | $9,502,000 | $74,000 | $1,854,000 | $56,000 | $192,000 |
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 | 1,392 | $135,244,000 | $97,000 | $665,000 | $61,000 | $506,000 |
| Hispanic | 60 | $4,735,000 | $78,000 | $242,000 | $43,000 | $119,000 |
| Not Provided | 44 | $3,415,000 | $77,000 | $300,000 | $34,000 | $185,000 |
| Not applicable | 14 | $4,898,000 | $349,000 | $1,854,000 | $0 | $0 |
| Asian | 3 | $430,000 | $143,000 | $365,000 | $44,000 | $54,000 |
| Black or African American | 2 | $173,000 | $86,000 | $110,000 | $68,000 | $107,000 |
| American Indian or Alaskan Native | 2 | $278,000 | $139,000 | $176,000 | $99,000 | $110,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $153,000 | $153,000 | $153,000 | $89,000 | $89,000 |
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) | 1,500 | $147,306,000 | $98,000 | $1,854,000 | $59,000 | $506,000 |
| FHA-insured (Federal Housing Administration) | 13 | $1,533,000 | $117,000 | $185,000 | $51,000 | $119,000 |
| VA-guaranteed (Veterans Administration) | 3 | $323,000 | $107,000 | $159,000 | $44,000 | $59,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $164,000 | $82,000 | $91,000 | $49,000 | $52,000 |
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 | 960 | $98,338,000 | $102,000 | $1,854,000 | $65,000 | $506,000 |
| Application Denied By Financial Institution | 241 | $22,347,000 | $92,000 | $365,000 | $52,000 | $192,000 |
| Application Withdrawn By Applicant | 182 | $19,607,000 | $107,000 | $417,000 | $60,000 | $308,000 |
| Preapproval Denied by Financial Institution | 135 | $9,034,000 | $66,000 | $177,000 | $33,000 | $116,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 191 | $12,087,000 | $63,000 | $197,000 | $37,000 | $192,000 |
| Debt-To-Income Ratio | 72 | $8,184,000 | $113,000 | $365,000 | $44,000 | $189,000 |
| Other | 54 | $5,065,000 | $93,000 | $343,000 | $52,000 | $160,000 |
| Collateral | 42 | $4,570,000 | $108,000 | $300,000 | $72,000 | $185,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 10 | $782,000 | $78,000 | $123,000 | $38,000 | $84,000 |
| Employment History | 3 | $146,000 | $48,000 | $57,000 | $24,000 | $46,000 |
| Credit Application Incomplete | 2 | $279,000 | $139,000 | $144,000 | $70,000 | $81,000 |
| Mortgage Insurance Denied | 1 | $148,000 | $148,000 | $148,000 | $70,000 | $70,000 |
| Unverifiable Information | 1 | $120,000 | $120,000 | $120,000 | $87,000 | $87,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants State Bank's 2010 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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