The Farmers & Merchants State Bank Mortgage Lending & HMDA Data, 2019
In 2019, The Farmers & Merchants State Bank of Archbold, OH reported 1,249 mortgage applications totaling $211.6 million, up 46% from 2018. The average application was for $169,451, and applicants reported an average income of $75,510. 55% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Toledo, OH (363), Fort Wayne, IN (33) and Indianapolis-Carmel-Anderson, IN (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 | 1,249 |
| Total Mortgage Loan Application Amount | $211,645,000 |
| Average Mortgage Loan Application Amount | $169,451 |
| Highest Mortgage Loan Application Amount | $20,175,000 |
| Average Applicant Income | $75,510 |
| Highest Applicant Income | $982,000 |
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The Farmers & Merchants State Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2019
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 | 747 | $112,195,000 | $150,000 | $4,205,000 | $70,000 | $982,000 |
| Cash-out Refinancing | 252 | $61,570,000 | $244,000 | $20,175,000 | $68,000 | $358,000 |
| Refinancing | 183 | $32,525,000 | $177,000 | $1,025,000 | $114,000 | $604,000 |
| Other Purpose | 59 | $4,885,000 | $82,000 | $275,000 | $59,000 | $317,000 |
| Home Improvement | 8 | $470,000 | $58,000 | $95,000 | $68,000 | $137,000 |
| 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 | 1,068 | $144,340,000 | $135,000 | $1,875,000 | $75,000 | $982,000 |
| Not applicable | 74 | $50,850,000 | $687,000 | $20,175,000 | $0 | $0 |
| Hispanic | 49 | $4,235,000 | $86,000 | $225,000 | $54,000 | $139,000 |
| Not Provided | 39 | $6,745,000 | $172,000 | $485,000 | $85,000 | $265,000 |
| Black or African American | 6 | $860,000 | $143,000 | $195,000 | $92,000 | $120,000 |
| Asian | 5 | $1,425,000 | $285,000 | $805,000 | $47,000 | $56,000 |
| American Indian or Alaskan Native | 2 | $270,000 | $135,000 | $205,000 | $39,000 | $42,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $1,435,000 | $1,435,000 | $1,435,000 | $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) | 1,249 | $211,645,000 | $169,000 | $20,175,000 | $75,000 | $982,000 |
| 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 | 692 | $141,150,000 | $203,000 | $20,175,000 | $83,000 | $604,000 |
| Application Denied By Financial Institution | 171 | $18,895,000 | $110,000 | $405,000 | $61,000 | $355,000 |
| Application Withdrawn By Applicant | 136 | $18,500,000 | $136,000 | $545,000 | $73,000 | $390,000 |
| Preapproval Approved but not Accepted | 129 | $19,745,000 | $153,000 | $485,000 | $80,000 | $982,000 |
| Preapproval Denied by Financial Institution | 120 | $13,260,000 | $110,000 | $565,000 | $53,000 | $265,000 |
| Application Approved But Not Accepted | 1 | $95,000 | $95,000 | $95,000 | $47,000 | $47,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Not applicable | 958 | $179,490,000 | $187,000 | $20,175,000 | $81,000 | $982,000 |
| Credit History | 133 | $12,715,000 | $95,000 | $285,000 | $52,000 | $204,000 |
| Debt-To-Income Ratio | 56 | $7,700,000 | $137,000 | $485,000 | $42,000 | $192,000 |
| Collateral | 45 | $4,645,000 | $103,000 | $375,000 | $81,000 | $355,000 |
| Credit Application Incomplete | 20 | $3,070,000 | $153,000 | $565,000 | $87,000 | $265,000 |
| Other | 19 | $1,905,000 | $100,000 | $215,000 | $51,000 | $136,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $765,000 | $109,000 | $395,000 | $59,000 | $170,000 |
| Unverifiable Information | 6 | $820,000 | $136,000 | $355,000 | $52,000 | $94,000 |
| Employment History | 3 | $365,000 | $121,000 | $145,000 | $71,000 | $75,000 |
| Mortgage Insurance Denied | 2 | $170,000 | $85,000 | $95,000 | $44,000 | $52,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants State Bank's 2019 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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