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The Farmers & Merchants Bank

Stuggart, AR

The Farmers & Merchants Bank processed 459 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 326 loans with a 16.1% denial rate. Home Purchase was the primary loan purpose. Based in Stuggart, AR. The approval rate of 71.0% 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. The Farmers & Merchants Bank processed 459 HMDA-reported mortgage applications in 2024, originating 326 loans and denying 74 for a denial rate of 16.1% (applicants themselves withdrew 22 files before a decision). The average loan amount was $227,048 at a 8.239% average note rate, and applicants self-reported an average income of $33,000. The lender reports under LEI 54930009DUZUXUZIDL84 from Stuggart, AR.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. The Farmers & Merchants Bank's 71.0% origination rate tells you how often an application turned into funded money; the 16.1% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (459 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.

459
Applications
326
Originated
16.1%
Denial Rate
$227,048
Avg Loan Amount
Avg Interest Rate: 8.239% Avg Applicant Income: $33,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 459 326 74 $227,048

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for The Farmers & Merchants Bank (LEI: 54930009DUZUXUZIDL84) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Credit history
48
Debt-to-income ratio
22
Collateral
6
Unverifiable information
3
Employment history
3
Other
1
Insufficient cash
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 267 199 $304,775
Refinancing 79 57 $195,506
Home Improvement 59 44 $58,559
Other 54 26 $72,963

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 347 68.3% 16.4%
Black or African American 12 50.0% 41.7%
Asian 8 62.5% 25.0%
Joint 6 66.7% 16.7%
American Indian or Alaska Native 2 50.0% 50.0%

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 348 68.4% 17.8%
Hispanic or Latino 11 36.4% 36.4%
Joint 4 75.0% 0.0%

Nearby Lenders in AR

Other HMDA-reporting lenders in AR with similar activity. Compare any two side-by-side.

BANK OF ENGLAND

ENGLAND, AR

5,645 apps 3,672 originated 5.4% denied

SIMMONS BANK

PINE BLUFF, AR

5,087 apps 3,161 originated 24.0% denied

Centennial Bank

Conway, AR

4,878 apps 2,631 originated 17.7% denied

BANK OZK

LITTLE ROCK, AR

4,543 apps 1,840 originated 34.5% denied

ARKANSAS FEDERAL CREDIT UNION

LITTLE ROCK, AR

4,140 apps 2,432 originated 22.0% denied
Compare The Farmers & Merchants Bank vs BANK OF ENGLAND →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did The Farmers & Merchants Bank process?
The Farmers & Merchants Bank processed 459 mortgage applications in the 2023 HMDA reporting year. Of these, 326 were originated (approved and funded), 22 were withdrawn by the applicant, and 74 were denied.
What is The Farmers & Merchants Bank's mortgage approval rate?
The Farmers & Merchants Bank has an approval (origination) rate of 71.0%, meaning 71.0% of all applications resulted in a funded mortgage. The denial rate is 16.1%.
What is the average loan amount at The Farmers & Merchants Bank?
The average mortgage loan amount at The Farmers & Merchants Bank is $227,048. The average interest rate is 8.239%. The average applicant income is $33,000.
What are the most common reasons for mortgage denial at The Farmers & Merchants Bank?
The most common reasons for mortgage denial at The Farmers & Merchants Bank are: Credit history, Debt-to-income ratio, Collateral. In total, 74 applications were denied out of 459 total applications.
What types of mortgage loans does The Farmers & Merchants Bank offer?
The Farmers & Merchants Bank processes Conventional loans. The most common type is Conventional with 459 applications and an average loan amount of $227,048.
What loan purposes does The Farmers & Merchants Bank serve?
The Farmers & Merchants Bank serves the following loan purposes: Home Purchase (267 applications), Refinancing (79 applications), Home Improvement (59 applications), Other (54 applications). Home Purchase is the most common purpose.
Where is The Farmers & Merchants Bank located?
The Farmers & Merchants Bank is headquartered in Stuggart, AR. The lender is identified by LEI 54930009DUZUXUZIDL84 in HMDA data.
How does The Farmers & Merchants Bank compare in lending across racial demographics?
The Farmers & Merchants Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 68.3% and denial rate of 16.4%; Black or African American applicants have an approval rate of 50.0% and denial rate of 41.7%; Asian applicants have an approval rate of 62.5% and denial rate of 25.0%. This data reflects derived race categories as reported by applicants.

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.