The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2020
In 2020, The Farmers & Merchants State Bank of Archbold, OH reported 2,309 mortgage applications totaling $384.6 million, up 85% from 2019. The average application was for $166,576, and applicants reported an average income of $86,101. 65% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Toledo, OH (861), Fort Wayne, IN (105) and Cincinnati, OH-KY-IN (14) (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 | 2,309 |
| Total Mortgage Loan Application Amount | $384,625,000 |
| Average Mortgage Loan Application Amount | $166,576 |
| Highest Mortgage Loan Application Amount | $7,005,000 |
| Average Applicant Income | $86,101 |
| Highest Applicant Income | $1,677,000 |
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The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 1,246 | $ 172,610,000 | $ 138,531 | $ 74,684 |
| Toledo, OH | 861 | $ 132,805,000 | $ 154,245 | $ 96,000 |
| Fort Wayne, IN | 105 | $ 38,405,000 | $ 365,761 | $ 103,000 |
| Cincinnati, OH-KY-IN | 14 | $ 16,650,000 | $ 1,189,285 | $ 122,928 |
| Monroe, MI | 9 | $ 1,735,000 | $ 192,777 | $ 114,000 |
| Indianapolis-Carmel-Anderson, IN | 8 | $ 1,630,000 | $ 203,750 | $ 117,000 |
| Columbus, OH | 7 | $ 1,395,000 | $ 199,285 | $ 80,000 |
| Dayton-Springfield-Kettering, OH | 5 | $ 1,045,000 | $ 209,000 | $ 159,000 |
| Cleveland-Elyria, OH | 4 | $ 5,100,000 | $ 1,275,000 | $ 143,000 |
| Muncie, IN | 4 | $ 440,000 | $ 110,000 | $ 60,000 |
| Naples-Immokalee-Marco Island, FL | 4 | $ 2,120,000 | $ 530,000 | $ 304,000 |
| Warren-Troy-Farmington Hills, MI | 4 | $ 2,050,000 | $ 512,500 | $ 126,000 |
| Ann Arbor, MI | 3 | $ 905,000 | $ 301,666 | $ 86,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 905,000 | $ 301,666 | $ 571,000 |
| Harrisonburg, VA | 3 | $ 855,000 | $ 285,000 | $ 81,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 1,565,000 | $ 521,666 | $ 144,000 |
| Bloomington, IN | 2 | $ 300,000 | $ 150,000 | $ 96,000 |
| Charlotte-Concord-Gastonia, NC-SC | 2 | $ 330,000 | $ 165,000 | $ 110,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 410,000 | $ 205,000 | $ 85,000 |
| Elkhart-Goshen, IN | 2 | $ 590,000 | $ 295,000 | $ 82,000 |
| Jackson, MI | 2 | $ 240,000 | $ 120,000 | $ 98,000 |
| North Port-Sarasota-Bradenton, FL | 2 | $ 420,000 | $ 210,000 | $ 89,000 |
| Canton-Massillon, OH | 1 | $ 85,000 | $ 85,000 | $ 22,000 |
| Detroit-Dearborn-Livonia, MI | 1 | $ 335,000 | $ 335,000 | $ 100,000 |
| Gary, IN | 1 | $ 165,000 | $ 165,000 | $ 68,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 195,000 | $ 195,000 | $ 119,000 |
| Lancaster, PA | 1 | $ 65,000 | $ 65,000 | $ 55,000 |
| Lima, OH | 1 | $ 65,000 | $ 65,000 | $ 41,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 325,000 | $ 325,000 | $ 39,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 225,000 | $ 225,000 | $ 107,000 |
| Panama City, FL | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 185,000 | $ 185,000 | $ 162,000 |
| Punta Gorda, FL | 1 | $ 135,000 | $ 135,000 | $ 143,000 |
| The Villages, FL | 1 | $ 45,000 | $ 45,000 | $ 170,000 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants State Bank in 2020
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 | 853 | $138,255,000 | $162,000 | $4,235,000 | $99,000 | $1,297,000 |
| Home Purchase | 824 | $136,900,000 | $166,000 | $5,605,000 | $78,000 | $1,677,000 |
| Cash-out Refinancing | 546 | $101,140,000 | $185,000 | $7,005,000 | $81,000 | $477,000 |
| Other Purpose | 82 | $7,960,000 | $97,000 | $295,000 | $62,000 | $234,000 |
| Home Improvement | 4 | $370,000 | $92,000 | $225,000 | $195,000 | $319,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 2,033 | $295,655,000 | $145,000 | $1,055,000 | $85,000 | $1,677,000 |
| Not Provided | 98 | $18,930,000 | $193,000 | $705,000 | $104,000 | $417,000 |
| Not applicable | 76 | $55,430,000 | $729,000 | $7,005,000 | $0 | $0 |
| Hispanic | 65 | $8,285,000 | $127,000 | $545,000 | $68,000 | $347,000 |
| Black or African American | 13 | $1,435,000 | $110,000 | $345,000 | $108,000 | $463,000 |
| American Indian or Alaskan Native | 8 | $1,080,000 | $135,000 | $255,000 | $62,000 | $169,000 |
| Asian | 7 | $1,525,000 | $217,000 | $485,000 | $99,000 | $259,000 |
| 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) | 2,309 | $384,625,000 | $166,000 | $7,005,000 | $86,000 | $1,677,000 |
| 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 | 1,491 | $268,015,000 | $179,000 | $7,005,000 | $92,000 | $1,297,000 |
| Application Withdrawn By Applicant | 270 | $42,030,000 | $155,000 | $805,000 | $95,000 | $540,000 |
| Application Denied By Financial Institution | 259 | $32,785,000 | $126,000 | $705,000 | $60,000 | $535,000 |
| Preapproval Approved but not Accepted | 149 | $23,755,000 | $159,000 | $515,000 | $86,000 | $1,677,000 |
| Preapproval Denied by Financial Institution | 130 | $16,440,000 | $126,000 | $645,000 | $52,000 | $235,000 |
| Application Approved But Not Accepted | 8 | $1,220,000 | $152,000 | $295,000 | $81,000 | $126,000 |
| Loan Purchased By The Institution | 2 | $380,000 | $190,000 | $285,000 | $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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,920 | $335,400,000 | $174,000 | $7,005,000 | $92,000 | $1,677,000 |
| Credit History | 169 | $18,055,000 | $106,000 | $425,000 | $52,000 | $146,000 |
| Debt-To-Income Ratio | 105 | $13,915,000 | $132,000 | $705,000 | $47,000 | $140,000 |
| Collateral | 58 | $8,030,000 | $138,000 | $505,000 | $79,000 | $535,000 |
| Credit Application Incomplete | 18 | $3,110,000 | $172,000 | $515,000 | $67,000 | $208,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 14 | $1,630,000 | $116,000 | $175,000 | $53,000 | $101,000 |
| Other | 13 | $1,825,000 | $140,000 | $645,000 | $76,000 | $235,000 |
| Unverifiable Information | 7 | $1,925,000 | $275,000 | $705,000 | $140,000 | $329,000 |
| Mortgage Insurance Denied | 3 | $475,000 | $158,000 | $265,000 | $59,000 | $94,000 |
| Employment History | 2 | $260,000 | $130,000 | $165,000 | $16,000 | $17,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants State Bank's 2020 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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