The Farmers & Merchants Bank Mortgage Lending & HMDA Data, 2013
In 2013, The Farmers & Merchants Bank of Boswell, IN reported 64 mortgage applications totaling $6.2 million, up 60% from 2012. The average application was for $97,125, and applicants reported an average income of $79,593. 62% of its applications resulted in an originated loan and 33% were denied. Its largest markets were Lafayette, IN (39), Gary, IN (2) and Indianapolis-Carmel, IN (1) (applications in parentheses).
| Mortgage Company & Address | The Farmers & Merchants Bank 302 S. Old U.S. Highway 41 P.O. Box 519 Boswell, IN 47921 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 |
| Total Number of Mortgage Applications | 64 |
| Total Mortgage Loan Application Amount | $6,216,000 |
| Average Mortgage Loan Application Amount | $97,125 |
| Highest Mortgage Loan Application Amount | $784,000 |
| Average Applicant Income | $79,593 |
| Highest Applicant Income | $489,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Farmers & Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Tippecanoe, Indiana | 21 | $ 4,334,000 | $ 206,380 | $ 134,000 |
| Benton, Indiana | 18 | $ 716,000 | $ 39,777 | $ 52,000 |
| Warren, Indiana | 15 | $ 698,000 | $ 46,533 | $ 48,000 |
| Fountain, Indiana | 4 | $ 152,000 | $ 38,000 | $ 51,000 |
| Jasper, Indiana | 1 | $ 55,000 | $ 55,000 | $ 77,000 |
| Marion, Indiana | 1 | $ 12,000 | $ 12,000 | $ 92,000 |
| Newton, Indiana | 1 | $ 44,000 | $ 44,000 | $ 77,000 |
| Parke, Indiana | 1 | $ 5,000 | $ 5,000 | $ 64,000 |
| White, Indiana | 1 | $ 160,000 | $ 160,000 | $ 78,000 |
| Strafford, New Hampshire | 1 | $ 40,000 | $ 40,000 | $ 58,000 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants Bank in 2013
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 | 27 | $2,027,000 | $75,000 | $300,000 | $100,000 | $434,000 |
| Refinancing | 21 | $2,912,000 | $138,000 | $486,000 | $82,000 | $489,000 |
| Home Improvement | 16 | $1,277,000 | $79,000 | $784,000 | $42,000 | $113,000 |
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 | 53 | $3,955,000 | $74,000 | $390,000 | $91,000 | $489,000 |
| Not applicable | 9 | $2,206,000 | $245,000 | $784,000 | $29,000 | $269,000 |
| Hispanic | 2 | $55,000 | $27,000 | $35,000 | $13,000 | $19,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 64 | $6,216,000 | $97,000 | $784,000 | $80,000 | $489,000 |
| 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 | 40 | $4,971,000 | $124,000 | $784,000 | $101,000 | $489,000 |
| Application Denied By Financial Institution | 21 | $808,000 | $38,000 | $155,000 | $39,000 | $92,000 |
| Application Withdrawn By Applicant | 2 | $422,000 | $211,000 | $270,000 | $113,000 | $148,000 |
| Application Approved But Not Accepted | 1 | $15,000 | $15,000 | $15,000 | $0 | $0 |
| 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 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants Bank's 2013 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 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 Indiana, download the full spreadsheet
with aggregated HMDA statistics today.
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