The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2021
In 2021, The Farmers & Merchants State Bank of Archbold, OH reported 1,744 mortgage applications totaling $343.3 million, down 24% from 2020. The average application was for $196,829, and applicants reported an average income of $84,407. 60% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Toledo, OH (486), Columbus, OH (77) and Fort Wayne, IN (76) (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 | 1,744 |
| Total Mortgage Loan Application Amount | $343,270,000 |
| Average Mortgage Loan Application Amount | $196,829 |
| Highest Mortgage Loan Application Amount | $7,385,000 |
| Average Applicant Income | $84,407 |
| Highest Applicant Income | $2,160,000 |
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The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 954 | $ 136,870,000 | $ 143,469 | $ 70,563 |
| Toledo, OH | 486 | $ 82,820,000 | $ 170,411 | $ 95,000 |
| Columbus, OH | 77 | $ 50,515,000 | $ 656,038 | $ 85,000 |
| Fort Wayne, IN | 76 | $ 17,810,000 | $ 234,342 | $ 146,000 |
| Springfield, OH | 44 | $ 7,740,000 | $ 175,909 | $ 96,000 |
| Cincinnati, OH-KY-IN | 28 | $ 18,830,000 | $ 672,500 | $ 169,571 |
| Muncie, IN | 24 | $ 5,460,000 | $ 227,500 | $ 40,000 |
| Indianapolis-Carmel-Anderson, IN | 8 | $ 1,590,000 | $ 198,750 | $ 183,000 |
| Monroe, MI | 7 | $ 1,315,000 | $ 187,857 | $ 100,000 |
| Dayton-Springfield-Kettering, OH | 6 | $ 1,510,000 | $ 251,666 | $ 26,000 |
| Elkhart-Goshen, IN | 5 | $ 1,015,000 | $ 203,000 | $ 71,000 |
| Warren-Troy-Farmington Hills, MI | 5 | $ 2,155,000 | $ 431,000 | $ 59,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 895,000 | $ 298,333 | $ 233,000 |
| Punta Gorda, FL | 3 | $ 1,255,000 | $ 418,333 | $ 68,000 |
| Detroit-Dearborn-Livonia, MI | 2 | $ 910,000 | $ 455,000 | $ 0 |
| Lima, OH | 2 | $ 210,000 | $ 105,000 | $ 43,000 |
| Asheville, NC | 1 | $ 465,000 | $ 465,000 | $ 91,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 25,000 | $ 25,000 | $ 150,000 |
| Cleveland-Elyria, OH | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Gary, IN | 1 | $ 505,000 | $ 505,000 | $ 2,160,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 145,000 | $ 145,000 | $ 121,000 |
| Jackson, MI | 1 | $ 275,000 | $ 275,000 | $ 238,000 |
| Lexington-Fayette, KY | 1 | $ 385,000 | $ 385,000 | $ 139,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 1,665,000 | $ 1,665,000 | $ 0 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 7,385,000 | $ 7,385,000 | $ 0 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 195,000 | $ 195,000 | $ 100,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 55,000 | $ 55,000 | $ 45,000 |
| Staunton-Waynesboro, VA | 1 | $ 185,000 | $ 185,000 | $ 137,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 865,000 | $ 865,000 | $ 0 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants State Bank in 2021
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 | 961 | $183,625,000 | $191,000 | $7,385,000 | $82,000 | $2,160,000 |
| Cash-out Refinancing | 394 | $95,150,000 | $241,000 | $3,725,000 | $84,000 | $656,000 |
| Refinancing | 338 | $58,310,000 | $172,000 | $6,005,000 | $93,000 | $748,000 |
| Other Purpose | 38 | $4,740,000 | $124,000 | $465,000 | $77,000 | $312,000 |
| Home Improvement | 13 | $1,445,000 | $111,000 | $185,000 | $73,000 | $76,000 |
| 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 | 1,374 | $213,990,000 | $155,000 | $1,665,000 | $82,000 | $1,208,000 |
| Not applicable | 225 | $109,085,000 | $484,000 | $7,385,000 | $0 | $0 |
| Hispanic | 75 | $9,425,000 | $125,000 | $505,000 | $66,000 | $405,000 |
| Not Provided | 53 | $7,405,000 | $139,000 | $445,000 | $117,000 | $1,845,000 |
| Asian | 8 | $2,220,000 | $277,000 | $545,000 | $427,000 | $2,160,000 |
| Black or African American | 6 | $650,000 | $108,000 | $315,000 | $43,000 | $64,000 |
| American Indian or Alaskan Native | 2 | $370,000 | $185,000 | $245,000 | $86,000 | $140,000 |
| 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) | 1,744 | $343,270,000 | $196,000 | $7,385,000 | $84,000 | $2,160,000 |
| 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 | 1,040 | $231,450,000 | $222,000 | $7,385,000 | $92,000 | $1,845,000 |
| Preapproval Denied by Financial Institution | 183 | $23,255,000 | $127,000 | $515,000 | $57,000 | $486,000 |
| Application Denied By Financial Institution | 174 | $26,600,000 | $152,000 | $605,000 | $80,000 | $2,160,000 |
| Preapproval Approved but not Accepted | 170 | $32,360,000 | $190,000 | $545,000 | $81,000 | $341,000 |
| Application Withdrawn By Applicant | 154 | $26,020,000 | $168,000 | $965,000 | $87,000 | $656,000 |
| Loan Purchased By The Institution | 22 | $3,540,000 | $160,000 | $495,000 | $0 | $0 |
| Application Approved But Not Accepted | 1 | $45,000 | $45,000 | $45,000 | $68,000 | $68,000 |
| 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 | 1,387 | $293,415,000 | $211,000 | $7,385,000 | $89,000 | $1,845,000 |
| Credit History | 170 | $19,650,000 | $115,000 | $515,000 | $61,000 | $486,000 |
| Debt-To-Income Ratio | 77 | $12,555,000 | $163,000 | $605,000 | $50,000 | $188,000 |
| Credit Application Incomplete | 41 | $7,445,000 | $181,000 | $515,000 | $77,000 | $238,000 |
| Collateral | 33 | $5,065,000 | $153,000 | $505,000 | $78,000 | $228,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 12 | $1,410,000 | $117,000 | $195,000 | $63,000 | $169,000 |
| Other | 9 | $1,325,000 | $147,000 | $505,000 | $282,000 | $2,160,000 |
| Employment History | 9 | $1,725,000 | $191,000 | $545,000 | $73,000 | $217,000 |
| Unverifiable Information | 4 | $430,000 | $107,000 | $195,000 | $54,000 | $110,000 |
| Mortgage Insurance Denied | 2 | $250,000 | $125,000 | $195,000 | $58,000 | $63,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants State Bank's 2021 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.
For a list of all lenders in Ohio, download the full spreadsheet
with aggregated HMDA statistics today.
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