Farmers Bank
Nicholasville, KY
Farmers Bank processed 144 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 116 loans with a 6.9% denial rate. Home Purchase was the primary loan purpose. Based in Nicholasville, KY. The approval rate of 80.6% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.
Portfolio scale. Farmers Bank processed 144 HMDA-reported mortgage applications in 2024, originating 116 loans and denying 10 for a denial rate of 6.9% (applicants themselves withdrew 11 files before a decision). The average loan amount was $285,972. The lender reports under LEI 549300H5B5USE8BS1V31 from Nicholasville, KY.
Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Farmers Bank's 80.6% origination rate tells you how often an application turned into funded money; the 6.9% denial rate is a separate read on underwriting strictness. Most activity concentrated in Conventional loans (144 applications).
How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.
Lending Activity
| Type | Applications | Originated | Denied | Avg Loan |
|---|---|---|---|---|
| Conventional | 144 | 116 | 10 | $285,972 |
Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Farmers Bank (LEI: 549300H5B5USE8BS1V31) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.
Loan Purpose Breakdown
| Purpose | Applications | Originated | Avg Loan |
|---|---|---|---|
| Home Purchase | 76 | 64 | $336,447 |
| Refinancing | 48 | 41 | $277,917 |
| Other | 10 | 4 | $111,000 |
| Home Improvement | 7 | 6 | $102,143 |
| Cash-out Refinancing | 3 | 1 | $148,333 |
Geographic Coverage — Lending by Race
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 80 | 71.3% | 8.8% |
| Asian | 1 | 100.0% | 0.0% |
| Black or African American | 1 | 0.0% | 0.0% |
| Joint | 1 | 0.0% | 100.0% |
Lending by Ethnicity
Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.
| Ethnicity | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| Not Hispanic or Latino | 82 | 70.7% | 9.8% |
Nearby Lenders in KY
Other HMDA-reporting lenders in KY with similar activity. Compare any two side-by-side.
STOCKTON MORTGAGE CORPORATION
FRANKFORT, KY
Liberty Federal Credit Union
Louisville, KY
FARM CREDIT MID-AMERICA, ACA
LOUISVILLE, KY
MAGNOLIA BANK
Elizabethtown, KY
REPUBLIC BANK & TRUST
LOUISVILLE, KY
Mortgage Lending Guides
Frequently Asked Questions
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Data Sources
Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.
Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.
Read our methodology — how this data is sourced, computed, and verified.