The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2012
In 2012, The Farmers & Merchants State Bank of Archbold, OH reported 1,494 mortgage applications totaling $162.6 million, up 41% from 2011. The average application was for $108,803, and applicants reported an average income of $69,680. 71% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Toledo, OH (680), Fort Wayne, IN (6) and Monroe, MI (6) (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 | 1,494 |
| Total Mortgage Loan Application Amount | $162,552,000 |
| Average Mortgage Loan Application Amount | $108,803 |
| Highest Mortgage Loan Application Amount | $1,800,000 |
| Average Applicant Income | $69,680 |
| Highest Applicant Income | $1,920,000 |
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The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for The Farmers & Merchants State Bank in 2012
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 | 1,075 | $124,189,000 | $115,000 | $1,800,000 | $73,000 | $1,920,000 |
| Home Purchase | 297 | $29,869,000 | $100,000 | $1,080,000 | $60,000 | $382,000 |
| Home Improvement | 122 | $8,494,000 | $69,000 | $280,000 | $64,000 | $247,000 |
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 | 1,318 | $136,310,000 | $103,000 | $648,000 | $75,000 | $1,920,000 |
| Not applicable | 59 | $16,649,000 | $282,000 | $1,800,000 | $0 | $0 |
| Not Provided | 57 | $4,796,000 | $84,000 | $377,000 | $42,000 | $224,000 |
| Hispanic | 45 | $3,268,000 | $72,000 | $216,000 | $48,000 | $123,000 |
| American Indian or Alaskan Native | 6 | $410,000 | $68,000 | $98,000 | $58,000 | $138,000 |
| Asian | 5 | $718,000 | $143,000 | $252,000 | $89,000 | $184,000 |
| Black or African American | 4 | $401,000 | $100,000 | $311,000 | $89,000 | $233,000 |
| 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) | 1,489 | $162,051,000 | $108,000 | $1,800,000 | $70,000 | $1,920,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $186,000 | $93,000 | $96,000 | $43,000 | $54,000 |
| VA-guaranteed (Veterans Administration) | 2 | $258,000 | $129,000 | $177,000 | $42,000 | $61,000 |
| FHA-insured (Federal Housing Administration) | 1 | $57,000 | $57,000 | $57,000 | $36,000 | $36,000 |
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 | 1,060 | $111,040,000 | $104,000 | $1,800,000 | $73,000 | $1,920,000 |
| Application Denied By Financial Institution | 259 | $26,011,000 | $100,000 | $648,000 | $61,000 | $450,000 |
| Application Withdrawn By Applicant | 87 | $9,548,000 | $109,000 | $417,000 | $84,000 | $1,016,000 |
| Application Approved But Not Accepted | 47 | $5,144,000 | $109,000 | $300,000 | $78,000 | $239,000 |
| Loan Purchased By The Institution | 37 | $10,256,000 | $277,000 | $1,100,000 | $0 | $0 |
| File Closed For Incompleteness | 4 | $553,000 | $138,000 | $243,000 | $86,000 | $124,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 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 |
|---|---|---|---|---|---|---|
| Credit History | 104 | $7,395,000 | $71,000 | $280,000 | $50,000 | $222,000 |
| Collateral | 66 | $8,523,000 | $129,000 | $416,000 | $87,000 | $450,000 |
| Debt-To-Income Ratio | 49 | $5,498,000 | $112,000 | $410,000 | $42,000 | $77,000 |
| Other | 24 | $2,599,000 | $108,000 | $648,000 | $68,000 | $131,000 |
| Credit Application Incomplete | 7 | $1,363,000 | $194,000 | $368,000 | $106,000 | $300,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $261,000 | $65,000 | $183,000 | $45,000 | $97,000 |
| Employment History | 3 | $176,000 | $58,000 | $112,000 | $64,000 | $68,000 |
| Unverifiable Information | 1 | $172,000 | $172,000 | $172,000 | $56,000 | $56,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants State Bank's 2012 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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