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The Farmers & Merchants State Bank

Archbold, OH

The Farmers & Merchants State Bank processed 1,673 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 896 loans with a 11.2% denial rate. Home Purchase was the primary loan purpose. Based in Archbold, OH. The approval rate of 53.6% reflects originated loans as a share of all applications.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 State Bank's 53.6% origination rate tells you how often an application turned into funded money; the 11.2% 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, Credit application incomplete, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,673 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.

1,673
Applications
896
Originated
11.2%
Denial Rate
$164,486
Avg Loan Amount
Avg Interest Rate: 7.814% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,673 896 187 $164,486

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for The Farmers & Merchants State Bank (LEI: 254900LDNBFL67R4FW27) · 2024 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 Approval rates exclude withdrawn / incomplete applications.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
74
Debt-to-income ratio
56
Credit application incomplete
41
Collateral
22
Other
6
Insufficient cash
3
Unverifiable information
2
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 876 320 $213,699
Other 395 268 $87,405
Cash-out Refinancing 258 197 $142,209
Home Improvement 100 78 $84,500
Refinancing 44 33 $189,091

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 1,535 53.5% 10.9%
Black or African American * 21 14.3% 33.3%
Asian * 17 29.4% 29.4%
Joint * 14 21.4% 21.4%
American Indian or Alaska Native * 3 33.3% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

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 1,505 53.2% 11.0%
Hispanic or Latino 63 34.9% 15.9%
Joint * 19 47.4% 31.6%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in OH

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

Us Bank, N.A.

CINCINNATI, OH

202,480 apps 74,512 originated 26.8% denied

Crosscountry Mortgage, LLC

Cleveland, OH

157,258 apps 101,894 originated 2.4% denied

JPMorgan Chase Bank, NA

Columbus, OH

150,113 apps 80,744 originated 8.1% denied

Huntington National Bank

Columbus, OH

99,675 apps 52,025 originated 28.8% denied

Fifth Third Bank, National Association

Cincinnati, OH

64,220 apps 30,494 originated 23.9% denied
Compare The Farmers & Merchants State Bank vs Us Bank, N.A. →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did The Farmers & Merchants State Bank process?
The Farmers & Merchants State Bank processed 1,673 mortgage applications in the 2024 HMDA reporting year. Of these, 896 were originated (approved and funded), 118 were withdrawn by the applicant, and 187 were denied.
What is The Farmers & Merchants State Bank's mortgage approval rate?
The Farmers & Merchants State Bank has an approval (origination) rate of 53.6%, meaning 53.6% of all applications resulted in a funded mortgage. The denial rate is 11.2%.
What is the average loan amount at The Farmers & Merchants State Bank?
The average mortgage loan amount at The Farmers & Merchants State Bank is $164,486. The average interest rate is 7.814%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at The Farmers & Merchants State Bank?
The most common reasons for mortgage denial at The Farmers & Merchants State Bank are: Credit history, Debt-to-income ratio, Credit application incomplete. In total, 187 applications were denied out of 1,673 total applications.
What types of mortgage loans does The Farmers & Merchants State Bank offer?
The Farmers & Merchants State Bank processes Conventional loans. The most common type is Conventional with 1,673 applications and an average loan amount of $164,486.
What loan purposes does The Farmers & Merchants State Bank serve?
The Farmers & Merchants State Bank serves the following loan purposes: Home Purchase (876 applications), Other (395 applications), Cash-out Refinancing (258 applications), Home Improvement (100 applications), Refinancing (44 applications). Home Purchase is the most common purpose.
Where is The Farmers & Merchants State Bank located?
The Farmers & Merchants State Bank is headquartered in Archbold, OH. The lender is identified by LEI 254900LDNBFL67R4FW27 in HMDA data.
How does The Farmers & Merchants State Bank compare in lending across racial demographics?
The Farmers & Merchants State Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 53.5% and denial rate of 10.9%; Black or African American applicants have an approval rate of 14.3% and denial rate of 33.3%; Asian applicants have an approval rate of 29.4% and denial rate of 29.4%. 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.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.