The Farmers Bank & Savings Com Mortgage Lending & HMDA Data, 2023
In 2023, The Farmers Bank & Savings Com of Pomeroy, OH reported 169 mortgage applications totaling $24.0 million, down 41% from 2022. The average application was for $142,100, and applicants reported an average income of $105,130. 66% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Huntington-Ashland, WV-KY-OH (7), Charleston, WV (4) and Parkersburg-Vienna, WV (1) (applications in parentheses).
| Mortgage Company & Address | The Farmers Bank & Savings Com 640 E Main St Pomeroy, OH 45769 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 |
| Total Number of Mortgage Applications | 169 |
| Total Mortgage Loan Application Amount | $24,015,000 |
| Average Mortgage Loan Application Amount | $142,100 |
| Highest Mortgage Loan Application Amount | $1,025,000 |
| Average Applicant Income | $105,130 |
| Highest Applicant Income | $2,123,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Farmers Bank & Savings Com filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Outside any metro area | 157 | $ 20,925,000 | $ 133,280 | $ 105,178 |
| Huntington-Ashland, WV-KY-OH | 7 | $ 1,735,000 | $ 247,857 | $ 54,000 |
| Charleston, WV | 4 | $ 820,000 | $ 205,000 | $ 87,000 |
| Parkersburg-Vienna, WV | 1 | $ 535,000 | $ 535,000 | $ 275,000 |
Mortgage Loan Application Detail Totals for The Farmers Bank & Savings Com in 2023
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 | 105 | $15,985,000 | $152,000 | $1,025,000 | $113,000 | $2,123,000 |
| Refinancing | 38 | $4,690,000 | $123,000 | $355,000 | $77,000 | $294,000 |
| Cash-out Refinancing | 10 | $1,390,000 | $139,000 | $475,000 | $120,000 | $336,000 |
| Home Improvement | 8 | $820,000 | $102,000 | $455,000 | $135,000 | $316,000 |
| Other Purpose | 8 | $1,130,000 | $141,000 | $385,000 | $87,000 | $231,000 |
| 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 | 149 | $19,845,000 | $133,000 | $535,000 | $92,000 | $540,000 |
| Not applicable | 10 | $1,330,000 | $133,000 | $465,000 | $0 | $0 |
| Not Provided | 10 | $2,840,000 | $284,000 | $1,025,000 | $342,000 | $2,123,000 |
| 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 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 169 | $24,015,000 | $142,000 | $1,025,000 | $104,000 | $2,123,000 |
| 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 | 111 | $16,295,000 | $146,000 | $1,025,000 | $122,000 | $2,123,000 |
| Application Denied By Financial Institution | 27 | $3,465,000 | $128,000 | $525,000 | $53,000 | $120,000 |
| Application Withdrawn By Applicant | 25 | $3,705,000 | $148,000 | $475,000 | $101,000 | $336,000 |
| File Closed For Incompleteness | 6 | $550,000 | $91,000 | $225,000 | $50,000 | $99,000 |
| 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 | 142 | $20,550,000 | $144,000 | $1,025,000 | $115,000 | $2,123,000 |
| Credit History | 11 | $815,000 | $74,000 | $175,000 | $59,000 | $120,000 |
| Debt-To-Income Ratio | 9 | $1,875,000 | $208,000 | $525,000 | $54,000 | $95,000 |
| Other | 5 | $585,000 | $117,000 | $355,000 | $38,000 | $53,000 |
| Unverifiable Information | 1 | $135,000 | $135,000 | $135,000 | $69,000 | $69,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $55,000 | $55,000 | $55,000 | $20,000 | $20,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers Bank & Savings Com's 2023 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 Bank & Savings Com'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 Ohio, download the full spreadsheet
with aggregated HMDA statistics today.
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