The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2014
In 2014, The Farmers & Merchants State Bank of Archbold, OH reported 640 mortgage applications totaling $67.4 million, down 26% from 2013. The average application was for $105,354, and applicants reported an average income of $61,646. 66% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Toledo, OH (289), Monroe, MI (5) and Cincinnati, OH-KY-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 | 640 |
| Total Mortgage Loan Application Amount | $67,427,000 |
| Average Mortgage Loan Application Amount | $105,354 |
| Highest Mortgage Loan Application Amount | $2,423,000 |
| Average Applicant Income | $61,646 |
| Highest Applicant Income | $817,000 |
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The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 289 | $ 34,365,000 | $ 118,910 | $ 67,000 |
| Monroe, MI | 5 | $ 905,000 | $ 181,000 | $ 62,000 |
| Cincinnati, OH-KY-IN | 3 | $ 1,895,000 | $ 631,666 | $ 54,000 |
| Elkhart-Goshen, IN | 3 | $ 566,000 | $ 188,666 | $ 0 |
| Fort Wayne, IN | 3 | $ 193,000 | $ 64,333 | $ 26,000 |
| Lima, OH | 3 | $ 369,000 | $ 123,000 | $ 52,000 |
| Cleveland-Elyria, OH | 2 | $ 202,000 | $ 101,000 | $ 63,000 |
| Atlanta-Sandy Springs-Roswell, GA | 1 | $ 2,423,000 | $ 2,423,000 | $ 0 |
| Dayton, OH | 1 | $ 152,000 | $ 152,000 | $ 85,000 |
| Kokomo, IN | 1 | $ 92,000 | $ 92,000 | $ 31,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 83,000 | $ 83,000 | $ 0 |
| Punta Gorda, FL | 1 | $ 142,000 | $ 142,000 | $ 330,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 62,000 | $ 62,000 | $ 44,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 160,000 | $ 160,000 | $ 279,000 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants State Bank in 2014
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 | 332 | $39,111,000 | $117,000 | $2,423,000 | $65,000 | $737,000 |
| Refinancing | 206 | $25,251,000 | $122,000 | $1,028,000 | $63,000 | $817,000 |
| Home Improvement | 102 | $3,065,000 | $30,000 | $230,000 | $48,000 | $123,000 |
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 | 558 | $51,569,000 | $92,000 | $500,000 | $66,000 | $817,000 |
| Not applicable | 38 | $11,596,000 | $305,000 | $2,423,000 | $0 | $0 |
| Hispanic | 29 | $2,198,000 | $75,000 | $222,000 | $49,000 | $150,000 |
| Not Provided | 10 | $651,000 | $65,000 | $177,000 | $59,000 | $146,000 |
| Asian | 4 | $1,355,000 | $338,000 | $640,000 | $63,000 | $164,000 |
| Black or African American | 1 | $58,000 | $58,000 | $58,000 | $79,000 | $79,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 631 | $66,900,000 | $106,000 | $2,423,000 | $62,000 | $817,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $189,000 | $37,000 | $66,000 | $22,000 | $27,000 |
| FHA-insured (Federal Housing Administration) | 4 | $338,000 | $84,000 | $99,000 | $37,000 | $60,000 |
| 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 | 425 | $48,929,000 | $115,000 | $2,423,000 | $65,000 | $817,000 |
| Application Denied By Financial Institution | 139 | $10,928,000 | $78,000 | $300,000 | $48,000 | $140,000 |
| Application Withdrawn By Applicant | 51 | $5,220,000 | $102,000 | $347,000 | $73,000 | $203,000 |
| Application Approved But Not Accepted | 15 | $1,550,000 | $103,000 | $331,000 | $72,000 | $167,000 |
| File Closed For Incompleteness | 6 | $507,000 | $84,000 | $220,000 | $36,000 | $62,000 |
| Loan Purchased By The Institution | 4 | $293,000 | $73,000 | $99,000 | $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 | 74 | $5,237,000 | $70,000 | $280,000 | $49,000 | $140,000 |
| Debt-To-Income Ratio | 26 | $2,890,000 | $111,000 | $280,000 | $43,000 | $106,000 |
| Collateral | 20 | $1,502,000 | $75,000 | $180,000 | $59,000 | $113,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $736,000 | $92,000 | $300,000 | $43,000 | $75,000 |
| Other | 5 | $186,000 | $37,000 | $65,000 | $35,000 | $62,000 |
| Credit Application Incomplete | 3 | $224,000 | $74,000 | $99,000 | $37,000 | $61,000 |
| Employment History | 2 | $73,000 | $36,000 | $40,000 | $31,000 | $44,000 |
| Unverifiable Information | 1 | $80,000 | $80,000 | $80,000 | $34,000 | $34,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants State Bank's 2014 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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