Farmers & Mechanics Bank Mortgage Lending & HMDA Data, 2019
In 2019, Farmers & Mechanics Bank of Galesburg, IL reported 533 mortgage applications totaling $54.0 million, up 17% from 2018. The average application was for $101,266, and applicants reported an average income of $98,120. 88% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Peoria, IL (96), Davenport-Moline-Rock Island, IA-IL (59) and Chicago-Naperville, IL (10) (applications in parentheses).
| Mortgage Company & Address | Farmers & Mechanics Bank 21 E Main St Galesburg, IL 61401 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 533 |
| Total Mortgage Loan Application Amount | $53,975,000 |
| Average Mortgage Loan Application Amount | $101,266 |
| Highest Mortgage Loan Application Amount | $865,000 |
| Average Applicant Income | $98,120 |
| Highest Applicant Income | $1,530,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Farmers & Mechanics Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Knox, Illinois | 313 | $ 27,685,000 | $ 88,450 | $ 95,000 |
| Peoria, Illinois | 51 | $ 6,675,000 | $ 130,882 | $ 115,000 |
| Henry, Illinois | 47 | $ 3,665,000 | $ 77,978 | $ 66,000 |
| Warren, Illinois | 24 | $ 1,770,000 | $ 73,750 | $ 66,000 |
| Fulton, Illinois | 13 | $ 1,235,000 | $ 95,000 | $ 54,000 |
| Tazewell, Illinois | 13 | $ 2,015,000 | $ 155,000 | $ 131,000 |
| Stark, Illinois | 12 | $ 970,000 | $ 80,833 | $ 53,000 |
| Mercer, Illinois | 7 | $ 325,000 | $ 46,428 | $ 87,000 |
| Cook, Illinois | 6 | $ 1,850,000 | $ 308,333 | $ 216,000 |
| Woodford, Illinois | 5 | $ 625,000 | $ 125,000 | $ 102,000 |
| McDonough, Illinois | 4 | $ 360,000 | $ 90,000 | $ 103,000 |
| Rock Island, Illinois | 4 | $ 370,000 | $ 92,500 | $ 75,000 |
| Orange, Florida | 2 | $ 700,000 | $ 350,000 | $ 372,000 |
| Bureau, Illinois | 2 | $ 150,000 | $ 75,000 | $ 32,000 |
| DuPage, Illinois | 2 | $ 670,000 | $ 335,000 | $ 330,000 |
| Marshall, Illinois | 2 | $ 230,000 | $ 115,000 | $ 129,000 |
| Ogle, Illinois | 2 | $ 250,000 | $ 125,000 | $ 118,000 |
| Will, Illinois | 2 | $ 220,000 | $ 110,000 | $ 194,000 |
| St. Louis, Missouri | 2 | $ 410,000 | $ 205,000 | $ 234,000 |
| Pinal, Arizona | 1 | $ 225,000 | $ 225,000 | $ 105,000 |
| Ashley, Arkansas | 1 | $ 45,000 | $ 45,000 | $ 58,000 |
| Bay, Florida | 1 | $ 245,000 | $ 245,000 | $ 92,000 |
| Manatee, Florida | 1 | $ 295,000 | $ 295,000 | $ 201,000 |
| Livingston, Illinois | 1 | $ 45,000 | $ 45,000 | $ 66,000 |
| Morgan, Illinois | 1 | $ 35,000 | $ 35,000 | $ 51,000 |
| Winnebago, Illinois | 1 | $ 35,000 | $ 35,000 | $ 70,000 |
| Jasper, Indiana | 1 | $ 235,000 | $ 235,000 | $ 130,000 |
| Bremer, Iowa | 1 | $ 15,000 | $ 15,000 | $ 51,000 |
| Linn, Iowa | 1 | $ 185,000 | $ 185,000 | $ 103,000 |
| Scott, Iowa | 1 | $ 35,000 | $ 35,000 | $ 130,000 |
| Greene, Missouri | 1 | $ 465,000 | $ 465,000 | $ 321,000 |
| Sullivan, Missouri | 1 | $ 85,000 | $ 85,000 | $ 75,000 |
| Dona Ana, New Mexico | 1 | $ 195,000 | $ 195,000 | $ 87,000 |
| Iredell, North Carolina | 1 | $ 385,000 | $ 385,000 | $ 153,000 |
| Lexington, South Carolina | 1 | $ 455,000 | $ 455,000 | $ 529,000 |
| Lawrence, South Dakota | 1 | $ 235,000 | $ 235,000 | $ 85,000 |
| Blount, Tennessee | 1 | $ 145,000 | $ 145,000 | $ 253,000 |
| Williamson, Tennessee | 1 | $ 365,000 | $ 365,000 | $ 206,000 |
| Manitowoc, Wisconsin | 1 | $ 75,000 | $ 75,000 | $ 0 |
Mortgage Loan Application Detail Totals for Farmers & Mechanics 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 | 339 | $36,415,000 | $107,000 | $475,000 | $90,000 | $529,000 |
| Refinancing | 110 | $10,910,000 | $99,000 | $865,000 | $103,000 | $668,000 |
| Cash-out Refinancing | 46 | $4,920,000 | $106,000 | $455,000 | $98,000 | $363,000 |
| Other Purpose | 23 | $1,315,000 | $57,000 | $455,000 | $185,000 | $1,530,000 |
| Home Improvement | 15 | $415,000 | $27,000 | $55,000 | $113,000 | $402,000 |
| 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 | 478 | $47,480,000 | $99,000 | $475,000 | $96,000 | $668,000 |
| Hispanic | 22 | $1,810,000 | $82,000 | $195,000 | $71,000 | $196,000 |
| Black or African American | 14 | $890,000 | $63,000 | $165,000 | $90,000 | $261,000 |
| Not applicable | 10 | $1,770,000 | $177,000 | $865,000 | $0 | $0 |
| Asian | 6 | $1,500,000 | $250,000 | $455,000 | $378,000 | $1,530,000 |
| American Indian or Alaskan Native | 1 | $75,000 | $75,000 | $75,000 | $111,000 | $111,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $315,000 | $315,000 | $315,000 | $144,000 | $144,000 |
| Not Provided | 1 | $135,000 | $135,000 | $135,000 | $141,000 | $141,000 |
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) | 471 | $48,245,000 | $102,000 | $865,000 | $104,000 | $1,530,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 52 | $4,320,000 | $83,000 | $185,000 | $47,000 | $96,000 |
| VA-guaranteed (Veterans Administration) | 10 | $1,410,000 | $141,000 | $265,000 | $83,000 | $161,000 |
| 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 | 469 | $48,085,000 | $102,000 | $865,000 | $96,000 | $668,000 |
| Application Denied By Financial Institution | 33 | $1,675,000 | $50,000 | $145,000 | $83,000 | $261,000 |
| Application Withdrawn By Applicant | 29 | $3,775,000 | $130,000 | $455,000 | $146,000 | $1,530,000 |
| File Closed For Incompleteness | 2 | $440,000 | $220,000 | $365,000 | $173,000 | $206,000 |
| Application Approved But Not Accepted | 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 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 500 | $52,300,000 | $104,000 | $865,000 | $99,000 | $1,530,000 |
| Credit History | 10 | $580,000 | $58,000 | $145,000 | $83,000 | $159,000 |
| Collateral | 9 | $535,000 | $59,000 | $145,000 | $104,000 | $261,000 |
| Debt-To-Income Ratio | 7 | $295,000 | $42,000 | $105,000 | $52,000 | $106,000 |
| Employment History | 2 | $80,000 | $40,000 | $45,000 | $108,000 | $108,000 |
| Other | 2 | $100,000 | $50,000 | $55,000 | $36,000 | $41,000 |
| Unverifiable Information | 2 | $70,000 | $35,000 | $45,000 | $107,000 | $114,000 |
| Credit Application Incomplete | 1 | $15,000 | $15,000 | $15,000 | $108,000 | $108,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers & Mechanics 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 Farmers & Mechanics 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 Illinois, 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