The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2015
In 2015, The Farmers & Merchants State Bank of Archbold, OH reported 779 mortgage applications totaling $105.6 million, up 22% from 2014. The average application was for $135,608, and applicants reported an average income of $73,685. 70% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Toledo, OH (350), Fort Wayne, IN (7) and Monroe, MI (6) (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 | 779 |
| Total Mortgage Loan Application Amount | $105,639,000 |
| Average Mortgage Loan Application Amount | $135,608 |
| Highest Mortgage Loan Application Amount | $8,170,000 |
| Average Applicant Income | $73,685 |
| Highest Applicant Income | $1,354,000 |
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The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 350 | $ 57,460,000 | $ 164,171 | $ 74,000 |
| Fort Wayne, IN | 7 | $ 5,950,000 | $ 850,000 | $ 51,000 |
| Monroe, MI | 6 | $ 969,000 | $ 161,500 | $ 77,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 1,218,000 | $ 406,000 | $ 792,000 |
| Cincinnati, OH-KY-IN | 2 | $ 275,000 | $ 137,500 | $ 100,000 |
| Detroit-Dearborn-Livonia, MI | 2 | $ 111,000 | $ 55,500 | $ 77,000 |
| Jackson, MI | 2 | $ 347,000 | $ 173,500 | $ 232,000 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 577,000 | $ 288,500 | $ 190,000 |
| Ann Arbor, MI | 1 | $ 252,000 | $ 252,000 | $ 86,000 |
| Battle Creek, MI | 1 | $ 42,000 | $ 42,000 | $ 107,000 |
| Cleveland-Elyria, OH | 1 | $ 3,610,000 | $ 3,610,000 | $ 0 |
| Elgin, IL | 1 | $ 225,000 | $ 225,000 | $ 283,000 |
| Elkhart-Goshen, IN | 1 | $ 129,000 | $ 129,000 | $ 0 |
| Evansville, IN-KY | 1 | $ 117,000 | $ 117,000 | $ 120,000 |
| Lima, OH | 1 | $ 156,000 | $ 156,000 | $ 90,000 |
| Springfield, OH | 1 | $ 260,000 | $ 260,000 | $ 96,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 50,000 | $ 50,000 | $ 151,000 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants State Bank in 2015
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 | 359 | $57,789,000 | $160,000 | $8,170,000 | $79,000 | $1,354,000 |
| Refinancing | 300 | $35,432,000 | $118,000 | $860,000 | $72,000 | $788,000 |
| Home Improvement | 120 | $12,418,000 | $103,000 | $5,200,000 | $62,000 | $381,000 |
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 | 699 | $71,213,000 | $101,000 | $750,000 | $79,000 | $1,354,000 |
| Not applicable | 40 | $30,500,000 | $762,000 | $8,170,000 | $0 | $0 |
| Hispanic | 27 | $2,715,000 | $100,000 | $247,000 | $66,000 | $217,000 |
| Not Provided | 8 | $712,000 | $89,000 | $300,000 | $40,000 | $112,000 |
| American Indian or Alaskan Native | 2 | $162,000 | $81,000 | $97,000 | $32,000 | $64,000 |
| Asian | 2 | $284,000 | $142,000 | $250,000 | $53,000 | $106,000 |
| Black or African American | 1 | $53,000 | $53,000 | $53,000 | $33,000 | $33,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 779 | $105,639,000 | $135,000 | $8,170,000 | $74,000 | $1,354,000 |
| 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 | 543 | $81,397,000 | $149,000 | $8,170,000 | $74,000 | $1,322,000 |
| Application Denied By Financial Institution | 156 | $15,893,000 | $101,000 | $417,000 | $68,000 | $788,000 |
| Application Approved But Not Accepted | 71 | $7,281,000 | $102,000 | $417,000 | $91,000 | $1,354,000 |
| Application Withdrawn By Applicant | 5 | $783,000 | $156,000 | $300,000 | $53,000 | $96,000 |
| Loan Purchased By The Institution | 4 | $285,000 | $71,000 | $90,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 63 | $6,504,000 | $103,000 | $417,000 | $86,000 | $788,000 |
| Debt-To-Income Ratio | 41 | $4,342,000 | $105,000 | $417,000 | $43,000 | $131,000 |
| Collateral | 37 | $4,115,000 | $111,000 | $293,000 | $71,000 | $143,000 |
| Credit Application Incomplete | 4 | $205,000 | $51,000 | $115,000 | $38,000 | $67,000 |
| Other | 4 | $196,000 | $49,000 | $86,000 | $64,000 | $100,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $258,000 | $86,000 | $107,000 | $46,000 | $69,000 |
| Unverifiable Information | 2 | $137,000 | $68,000 | $77,000 | $75,000 | $121,000 |
| Mortgage Insurance Denied | 1 | $90,000 | $90,000 | $90,000 | $73,000 | $73,000 |
| Employment History | 1 | $46,000 | $46,000 | $46,000 | $38,000 | $38,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants State Bank's 2015 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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