The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2023
In 2023, The Farmers & Merchants State Bank of Archbold, OH reported 1,699 mortgage applications totaling $300.2 million, down 10% from 2022. The average application was for $176,712, and applicants reported an average income of $91,834. 58% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Toledo, OH (454), Fort Wayne, IN (70) and Muncie, IN (26) (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 | 1,699 |
| Total Mortgage Loan Application Amount | $300,235,000 |
| Average Mortgage Loan Application Amount | $176,712 |
| Highest Mortgage Loan Application Amount | $14,005,000 |
| Average Applicant Income | $91,834 |
| Highest Applicant Income | $2,660,000 |
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The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 1,016 | $ 128,980,000 | $ 126,948 | $ 71,855 |
| Toledo, OH | 454 | $ 71,290,000 | $ 157,026 | $ 119,000 |
| Fort Wayne, IN | 70 | $ 17,520,000 | $ 250,285 | $ 86,000 |
| Muncie, IN | 26 | $ 4,450,000 | $ 171,153 | $ 85,000 |
| Dayton-Springfield-Kettering, OH | 25 | $ 4,315,000 | $ 172,600 | $ 65,000 |
| Indianapolis-Carmel-Anderson, IN | 17 | $ 5,265,000 | $ 309,705 | $ 152,000 |
| Cincinnati, OH-KY-IN | 15 | $ 4,595,000 | $ 306,333 | $ 295,000 |
| Columbus, OH | 12 | $ 7,430,000 | $ 619,166 | $ 218,000 |
| Springfield, OH | 8 | $ 930,000 | $ 116,250 | $ 55,000 |
| Warren-Troy-Farmington Hills, MI | 7 | $ 15,515,000 | $ 2,216,428 | $ 146,000 |
| Battle Creek, MI | 5 | $ 715,000 | $ 143,000 | $ 49,000 |
| Elkhart-Goshen, IN | 5 | $ 985,000 | $ 197,000 | $ 59,000 |
| North Port-Sarasota-Bradenton, FL | 5 | $ 19,695,000 | $ 3,939,000 | $ 207,000 |
| Cape Coral-Fort Myers, FL | 4 | $ 1,460,000 | $ 365,000 | $ 898,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 9,020,000 | $ 2,255,000 | $ 1,141,000 |
| Monroe, MI | 4 | $ 830,000 | $ 207,500 | $ 167,000 |
| Atlanta-Sandy Springs-Roswell, GA | 2 | $ 1,630,000 | $ 815,000 | $ 268,000 |
| Charlotte-Concord-Gastonia, NC-SC | 2 | $ 400,000 | $ 200,000 | $ 86,000 |
| Cleveland-Elyria, OH | 2 | $ 600,000 | $ 300,000 | $ 103,000 |
| Detroit-Dearborn-Livonia, MI | 2 | $ 840,000 | $ 420,000 | $ 164,000 |
| Jackson, MI | 2 | $ 450,000 | $ 225,000 | $ 217,000 |
| Louisville/Jefferson County, KY-IN | 2 | $ 210,000 | $ 105,000 | $ 0 |
| Ann Arbor, MI | 1 | $ 695,000 | $ 695,000 | $ 266,000 |
| Bloomington, IN | 1 | $ 255,000 | $ 255,000 | $ 69,000 |
| Canton-Massillon, OH | 1 | $ 15,000 | $ 15,000 | $ 18,000 |
| Chicago-Naperville, IL | 1 | $ 205,000 | $ 205,000 | $ 36,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 315,000 | $ 315,000 | $ 113,000 |
| Knoxville, TN | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Punta Gorda, FL | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 295,000 | $ 295,000 | $ 78,000 |
| The Villages, FL | 1 | $ 415,000 | $ 415,000 | $ 135,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 505,000 | $ 505,000 | $ 0 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants State Bank in 2023
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 | 841 | $210,025,000 | $249,000 | $14,005,000 | $92,000 | $2,660,000 |
| Cash-out Refinancing | 460 | $51,850,000 | $112,000 | $1,165,000 | $94,000 | $2,108,000 |
| Other Purpose | 254 | $20,500,000 | $80,000 | $3,005,000 | $94,000 | $1,405,000 |
| Home Improvement | 81 | $6,075,000 | $75,000 | $1,215,000 | $81,000 | $189,000 |
| Refinancing | 63 | $11,785,000 | $187,000 | $2,005,000 | $79,000 | $431,000 |
| 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 | 1,480 | $209,010,000 | $141,000 | $3,005,000 | $92,000 | $2,660,000 |
| Not applicable | 102 | $73,430,000 | $719,000 | $14,005,000 | $0 | $0 |
| Hispanic | 73 | $9,465,000 | $129,000 | $605,000 | $88,000 | $683,000 |
| Asian | 18 | $3,720,000 | $206,000 | $1,565,000 | $127,000 | $519,000 |
| Black or African American | 13 | $2,455,000 | $188,000 | $705,000 | $66,000 | $187,000 |
| Not Provided | 11 | $2,025,000 | $184,000 | $1,005,000 | $109,000 | $352,000 |
| American Indian or Alaskan Native | 2 | $130,000 | $65,000 | $125,000 | $36,000 | $48,000 |
| 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) | 1,699 | $300,235,000 | $176,000 | $14,005,000 | $92,000 | $2,660,000 |
| 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 | 990 | $185,350,000 | $187,000 | $14,005,000 | $98,000 | $2,108,000 |
| Preapproval Approved but not Accepted | 215 | $45,195,000 | $210,000 | $1,005,000 | $93,000 | $1,210,000 |
| Application Denied By Financial Institution | 189 | $23,285,000 | $123,000 | $3,005,000 | $75,000 | $1,141,000 |
| Preapproval Denied by Financial Institution | 187 | $29,435,000 | $157,000 | $705,000 | $73,000 | $2,660,000 |
| Application Withdrawn By Applicant | 109 | $15,555,000 | $142,000 | $695,000 | $97,000 | $431,000 |
| Application Approved But Not Accepted | 8 | $1,280,000 | $160,000 | $425,000 | $118,000 | $244,000 |
| Loan Purchased By The Institution | 1 | $135,000 | $135,000 | $135,000 | $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 | 1,323 | $247,515,000 | $187,000 | $14,005,000 | $97,000 | $2,108,000 |
| Credit History | 143 | $16,045,000 | $112,000 | $705,000 | $56,000 | $264,000 |
| Debt-To-Income Ratio | 104 | $15,760,000 | $151,000 | $445,000 | $80,000 | $2,660,000 |
| Credit Application Incomplete | 67 | $11,305,000 | $168,000 | $1,005,000 | $79,000 | $317,000 |
| Collateral | 27 | $5,845,000 | $216,000 | $3,005,000 | $137,000 | $1,141,000 |
| Other | 22 | $1,850,000 | $84,000 | $505,000 | $75,000 | $220,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $960,000 | $160,000 | $305,000 | $75,000 | $115,000 |
| Employment History | 4 | $420,000 | $105,000 | $145,000 | $53,000 | $84,000 |
| Unverifiable Information | 3 | $535,000 | $178,000 | $205,000 | $54,000 | $93,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants State Bank's 2023 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About