The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2017
In 2017, The Farmers & Merchants State Bank of Archbold, OH reported 848 mortgage applications totaling $103.8 million, down 7% from 2016. The average application was for $122,419, and applicants reported an average income of $65,117. 62% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Toledo, OH (339), Fort Wayne, IN (14) and Monroe, MI (11) (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 | 848 |
| Total Mortgage Loan Application Amount | $103,812,000 |
| Average Mortgage Loan Application Amount | $122,419 |
| Highest Mortgage Loan Application Amount | $5,400,000 |
| Average Applicant Income | $65,117 |
| Highest Applicant Income | $1,980,000 |
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The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2017
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 | 515 | $61,616,000 | $119,000 | $1,360,000 | $66,000 | $1,980,000 |
| Refinancing | 250 | $37,307,000 | $149,000 | $5,400,000 | $65,000 | $469,000 |
| Home Improvement | 83 | $4,889,000 | $58,000 | $546,000 | $60,000 | $441,000 |
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 | 751 | $80,317,000 | $106,000 | $550,000 | $70,000 | $1,980,000 |
| Not applicable | 41 | $17,451,000 | $425,000 | $5,400,000 | $0 | $0 |
| Hispanic | 34 | $3,633,000 | $106,000 | $374,000 | $56,000 | $158,000 |
| Not Provided | 17 | $1,736,000 | $102,000 | $245,000 | $41,000 | $118,000 |
| Asian | 3 | $496,000 | $165,000 | $293,000 | $39,000 | $94,000 |
| Black or African American | 1 | $109,000 | $109,000 | $109,000 | $60,000 | $60,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $70,000 | $70,000 | $70,000 | $20,000 | $20,000 |
| American Indian or Alaskan Native | 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) | 845 | $103,006,000 | $121,000 | $5,400,000 | $66,000 | $1,980,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $806,000 | $268,000 | $542,000 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 524 | $70,236,000 | $134,000 | $5,400,000 | $69,000 | $1,980,000 |
| Application Denied By Financial Institution | 159 | $16,076,000 | $101,000 | $374,000 | $61,000 | $534,000 |
| Preapproval Denied by Financial Institution | 109 | $10,589,000 | $97,000 | $365,000 | $48,000 | $159,000 |
| Application Approved But Not Accepted | 46 | $6,043,000 | $131,000 | $424,000 | $80,000 | $266,000 |
| Application Withdrawn By Applicant | 10 | $868,000 | $86,000 | $256,000 | $62,000 | $212,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 149 | $13,363,000 | $89,000 | $350,000 | $49,000 | $247,000 |
| Debt-To-Income Ratio | 42 | $4,360,000 | $103,000 | $295,000 | $49,000 | $148,000 |
| Collateral | 34 | $4,030,000 | $118,000 | $301,000 | $104,000 | $534,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 15 | $1,989,000 | $132,000 | $374,000 | $47,000 | $159,000 |
| Credit Application Incomplete | 13 | $1,374,000 | $105,000 | $365,000 | $40,000 | $125,000 |
| Other | 7 | $742,000 | $106,000 | $230,000 | $58,000 | $138,000 |
| Unverifiable Information | 4 | $571,000 | $142,000 | $350,000 | $55,000 | $122,000 |
| Mortgage Insurance Denied | 4 | $236,000 | $59,000 | $124,000 | $41,000 | $62,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants State Bank's 2017 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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