The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2024
In 2024, The Farmers & Merchants State Bank of Archbold, OH reported 1,673 mortgage applications totaling $275.2 million, down 2% from 2023. The average application was for $164,485, and applicants reported an average income of $100,380. 54% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Toledo, OH (436), Fort Wayne, IN (141) and Indianapolis-Carmel-Anderson, IN (16) (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 | 1,673 |
| Total Mortgage Loan Application Amount | $275,185,000 |
| Average Mortgage Loan Application Amount | $164,485 |
| Highest Mortgage Loan Application Amount | $9,205,000 |
| Average Applicant Income | $100,380 |
| Highest Applicant Income | $4,796,000 |
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The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 975 | $ 133,225,000 | $ 136,641 | $ 83,644 |
| Toledo, OH | 436 | $ 69,030,000 | $ 158,325 | $ 104,000 |
| Fort Wayne, IN | 141 | $ 24,845,000 | $ 176,205 | $ 95,000 |
| Indianapolis-Carmel-Anderson, IN | 16 | $ 12,950,000 | $ 809,375 | $ 119,000 |
| Cincinnati, OH-KY-IN | 15 | $ 4,695,000 | $ 313,000 | $ 113,000 |
| Dayton-Springfield-Kettering, OH | 10 | $ 2,270,000 | $ 227,000 | $ 101,000 |
| Warren-Troy-Farmington Hills, MI | 10 | $ 4,180,000 | $ 418,000 | $ 738,000 |
| Muncie, IN | 9 | $ 2,105,000 | $ 233,888 | $ 130,000 |
| Springfield, OH | 9 | $ 1,465,000 | $ 162,777 | $ 126,000 |
| Elkhart-Goshen, IN | 7 | $ 3,065,000 | $ 437,857 | $ 798,000 |
| Detroit-Dearborn-Livonia, MI | 5 | $ 1,525,000 | $ 305,000 | $ 112,000 |
| Charleston-North Charleston, SC | 3 | $ 705,000 | $ 235,000 | $ 282,000 |
| Columbus, OH | 3 | $ 435,000 | $ 145,000 | $ 127,000 |
| Monroe, MI | 3 | $ 455,000 | $ 151,666 | $ 130,000 |
| Ann Arbor, MI | 2 | $ 1,470,000 | $ 735,000 | $ 174,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 990,000 | $ 495,000 | $ 385,000 |
| Cleveland, OH | 2 | $ 570,000 | $ 285,000 | $ 143,000 |
| Evansville, IN-KY | 2 | $ 240,000 | $ 120,000 | $ 45,000 |
| Lima, OH | 2 | $ 520,000 | $ 260,000 | $ 65,000 |
| Louisville/Jefferson County, KY-IN | 2 | $ 370,000 | $ 185,000 | $ 75,000 |
| Punta Gorda, FL | 2 | $ 1,070,000 | $ 535,000 | $ 2,039,000 |
| Sandusky, OH | 2 | $ 150,000 | $ 75,000 | $ 45,000 |
| Tampa, FL | 2 | $ 250,000 | $ 125,000 | $ 172,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 35,000 | $ 35,000 | $ 40,000 |
| Battle Creek, MI | 1 | $ 335,000 | $ 335,000 | $ 33,000 |
| Dallas-Plano-Irving, TX | 1 | $ 555,000 | $ 555,000 | $ 173,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 315,000 | $ 315,000 | $ 187,000 |
| Gettysburg, PA | 1 | $ 165,000 | $ 165,000 | $ 72,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 385,000 | $ 385,000 | $ 161,000 |
| Kokomo, IN | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Lexington-Fayette, KY | 1 | $ 575,000 | $ 575,000 | $ 121,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 4,505,000 | $ 4,505,000 | $ 0 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 605,000 | $ 605,000 | $ 153,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 445,000 | $ 445,000 | $ 265,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 275,000 | $ 275,000 | $ 279,000 |
| Wichita, KS | 1 | $ 185,000 | $ 185,000 | $ 102,000 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants State Bank in 2024
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 | 876 | $187,200,000 | $213,000 | $9,205,000 | $99,000 | $4,796,000 |
| Other Purpose | 395 | $34,525,000 | $87,000 | $1,005,000 | $104,000 | $2,561,000 |
| Cash-out Refinancing | 258 | $36,690,000 | $142,000 | $1,555,000 | $94,000 | $895,000 |
| Home Improvement | 100 | $8,450,000 | $84,000 | $855,000 | $117,000 | $778,000 |
| Refinancing | 44 | $8,320,000 | $189,000 | $955,000 | $95,000 | $501,000 |
| 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 | 1,476 | $223,550,000 | $151,000 | $1,445,000 | $101,000 | $4,796,000 |
| Hispanic | 75 | $9,765,000 | $130,000 | $1,305,000 | $91,000 | $984,000 |
| Not applicable | 51 | $29,455,000 | $577,000 | $9,205,000 | $0 | $0 |
| Not Provided | 30 | $4,710,000 | $157,000 | $755,000 | $104,000 | $300,000 |
| Black or African American | 19 | $2,295,000 | $120,000 | $255,000 | $67,000 | $138,000 |
| Asian | 14 | $3,880,000 | $277,000 | $705,000 | $137,000 | $778,000 |
| American Indian or Alaskan Native | 8 | $1,530,000 | $191,000 | $705,000 | $69,000 | $227,000 |
| 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) | 1,673 | $275,185,000 | $164,000 | $9,205,000 | $101,000 | $4,796,000 |
| 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 | 896 | $141,410,000 | $157,000 | $9,205,000 | $113,000 | $4,796,000 |
| Preapproval Approved but not Accepted | 250 | $54,610,000 | $218,000 | $1,005,000 | $89,000 | $741,000 |
| Preapproval Denied by Financial Institution | 211 | $34,135,000 | $161,000 | $605,000 | $56,000 | $337,000 |
| Application Denied By Financial Institution | 187 | $24,195,000 | $129,000 | $755,000 | $98,000 | $1,427,000 |
| Application Withdrawn By Applicant | 118 | $19,740,000 | $167,000 | $1,005,000 | $123,000 | $2,106,000 |
| Application Approved But Not Accepted | 10 | $1,060,000 | $106,000 | $225,000 | $77,000 | $180,000 |
| Loan Purchased By The Institution | 1 | $35,000 | $35,000 | $35,000 | $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 | 1,275 | $216,855,000 | $170,000 | $9,205,000 | $108,000 | $4,796,000 |
| Credit History | 180 | $21,690,000 | $120,000 | $705,000 | $61,000 | $337,000 |
| Debt-To-Income Ratio | 102 | $15,980,000 | $156,000 | $505,000 | $49,000 | $255,000 |
| Credit Application Incomplete | 71 | $13,005,000 | $183,000 | $755,000 | $118,000 | $984,000 |
| Collateral | 24 | $3,580,000 | $149,000 | $605,000 | $160,000 | $1,427,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $805,000 | $115,000 | $165,000 | $69,000 | $102,000 |
| Other | 5 | $1,005,000 | $201,000 | $395,000 | $164,000 | $454,000 |
| Unverifiable Information | 5 | $1,305,000 | $261,000 | $455,000 | $49,000 | $71,000 |
| Employment History | 4 | $960,000 | $240,000 | $495,000 | $51,000 | $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 2024 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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