The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2022
In 2022, The Farmers & Merchants State Bank of Archbold, OH reported 1,896 mortgage applications totaling $341.1 million, up 9% from 2021. The average application was for $179,905, and applicants reported an average income of $91,656. 62% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Toledo, OH (525), Fort Wayne, IN (59) and Muncie, IN (34) (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 | 1,896 |
| Total Mortgage Loan Application Amount | $341,100,000 |
| Average Mortgage Loan Application Amount | $179,905 |
| Highest Mortgage Loan Application Amount | $28,005,000 |
| Average Applicant Income | $91,656 |
| Highest Applicant Income | $3,046,000 |
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The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 1,109 | $ 148,555,000 | $ 133,954 | $ 76,225 |
| Toledo, OH | 525 | $ 103,805,000 | $ 197,723 | $ 99,000 |
| Fort Wayne, IN | 59 | $ 10,475,000 | $ 177,542 | $ 154,000 |
| Muncie, IN | 34 | $ 7,360,000 | $ 216,470 | $ 118,000 |
| Columbus, OH | 27 | $ 20,715,000 | $ 767,222 | $ 85,000 |
| Cincinnati, OH-KY-IN | 26 | $ 7,270,000 | $ 279,615 | $ 154,884 |
| Dayton-Springfield-Kettering, OH | 24 | $ 4,370,000 | $ 182,083 | $ 106,000 |
| Springfield, OH | 23 | $ 5,385,000 | $ 234,130 | $ 102,000 |
| Indianapolis-Carmel-Anderson, IN | 11 | $ 4,275,000 | $ 388,636 | $ 242,000 |
| Monroe, MI | 11 | $ 1,365,000 | $ 124,090 | $ 86,000 |
| Atlanta-Sandy Springs-Roswell, GA | 4 | $ 3,330,000 | $ 832,500 | $ 244,000 |
| North Port-Sarasota-Bradenton, FL | 4 | $ 3,040,000 | $ 760,000 | $ 315,000 |
| Warren-Troy-Farmington Hills, MI | 4 | $ 2,810,000 | $ 702,500 | $ 784,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 5,265,000 | $ 1,755,000 | $ 618,000 |
| Cleveland-Elyria, OH | 3 | $ 265,000 | $ 88,333 | $ 131,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 1,385,000 | $ 461,666 | $ 386,000 |
| Battle Creek, MI | 2 | $ 370,000 | $ 185,000 | $ 28,000 |
| Elkhart-Goshen, IN | 2 | $ 320,000 | $ 160,000 | $ 46,000 |
| Lima, OH | 2 | $ 130,000 | $ 65,000 | $ 87,000 |
| Akron, OH | 1 | $ 475,000 | $ 475,000 | $ 107,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 45,000 | $ 45,000 | $ 224,000 |
| Columbus, IN | 1 | $ 15,000 | $ 15,000 | $ 131,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 335,000 | $ 335,000 | $ 175,000 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 255,000 | $ 255,000 | $ 46,000 |
| Jacksonville, FL | 1 | $ 555,000 | $ 555,000 | $ 480,000 |
| Kalamazoo-Portage, MI | 1 | $ 3,745,000 | $ 3,745,000 | $ 0 |
| Knoxville, TN | 1 | $ 185,000 | $ 185,000 | $ 31,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 65,000 | $ 65,000 | $ 165,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 265,000 | $ 265,000 | $ 500,000 |
| Punta Gorda, FL | 1 | $ 925,000 | $ 925,000 | $ 508,000 |
| Terre Haute, IN | 1 | $ 245,000 | $ 245,000 | $ 0 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 1,005,000 | $ 1,005,000 | $ 210,000 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants State Bank in 2022
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 | 914 | $221,090,000 | $241,000 | $28,005,000 | $93,000 | $3,046,000 |
| Other Purpose | 493 | $37,765,000 | $76,000 | $925,000 | $93,000 | $964,000 |
| Cash-out Refinancing | 351 | $62,405,000 | $177,000 | $4,285,000 | $84,000 | $1,399,000 |
| Refinancing | 83 | $14,015,000 | $168,000 | $1,325,000 | $107,000 | $1,861,000 |
| Home Improvement | 55 | $5,825,000 | $105,000 | $955,000 | $83,000 | $367,000 |
| 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 | 1,569 | $222,635,000 | $141,000 | $2,015,000 | $90,000 | $2,834,000 |
| Not applicable | 152 | $92,810,000 | $610,000 | $28,005,000 | $0 | $0 |
| Hispanic | 77 | $12,105,000 | $157,000 | $1,505,000 | $90,000 | $963,000 |
| Not Provided | 63 | $6,985,000 | $110,000 | $425,000 | $136,000 | $3,046,000 |
| Black or African American | 17 | $3,595,000 | $211,000 | $1,025,000 | $85,000 | $298,000 |
| Asian | 11 | $1,805,000 | $164,000 | $355,000 | $86,000 | $189,000 |
| American Indian or Alaskan Native | 6 | $1,080,000 | $180,000 | $535,000 | $96,000 | $374,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $85,000 | $85,000 | $85,000 | $636,000 | $636,000 |
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) | 1,896 | $341,100,000 | $179,000 | $28,005,000 | $92,000 | $3,046,000 |
| 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 | 1,172 | $227,040,000 | $193,000 | $28,005,000 | $96,000 | $2,834,000 |
| Preapproval Approved but not Accepted | 209 | $43,205,000 | $206,000 | $1,025,000 | $82,000 | $481,000 |
| Application Denied By Financial Institution | 206 | $22,160,000 | $107,000 | $1,005,000 | $81,000 | $964,000 |
| Preapproval Denied by Financial Institution | 178 | $27,980,000 | $157,000 | $1,365,000 | $91,000 | $3,046,000 |
| Application Withdrawn By Applicant | 121 | $19,385,000 | $160,000 | $605,000 | $91,000 | $416,000 |
| Application Approved But Not Accepted | 6 | $960,000 | $160,000 | $325,000 | $101,000 | $174,000 |
| Loan Purchased By The Institution | 4 | $370,000 | $92,000 | $155,000 | $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 | 1,512 | $290,960,000 | $192,000 | $28,005,000 | $93,000 | $2,834,000 |
| Credit History | 126 | $13,390,000 | $106,000 | $385,000 | $69,000 | $447,000 |
| Debt-To-Income Ratio | 79 | $11,865,000 | $150,000 | $755,000 | $57,000 | $284,000 |
| Credit Application Incomplete | 77 | $13,415,000 | $174,000 | $1,365,000 | $147,000 | $3,046,000 |
| Collateral | 41 | $4,415,000 | $107,000 | $415,000 | $122,000 | $964,000 |
| Other | 35 | $4,315,000 | $123,000 | $475,000 | $65,000 | $204,000 |
| Employment History | 9 | $805,000 | $89,000 | $145,000 | $40,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $1,145,000 | $127,000 | $285,000 | $39,000 | $66,000 |
| Unverifiable Information | 8 | $790,000 | $98,000 | $225,000 | $57,000 | $80,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants State Bank's 2022 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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