Lender profile · HMDA 2023–2025
The Farmers & Merchants State Bank mortgage approval rates & lending data
The Farmers & Merchants State Bank decided 509 mortgage applications and funded 420 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 81% | 132 / 163 | 98% | $205K | 130 |
| Home improvement loans | 72% | 43 / 60 | 95% | $65K | 41 |
| Cash-out refinance | 81% | 94 / 116 | 98% | $115K | 92 |
| Investment property purchase | 96% | 96 / 100 | 100% | $115K | 96 |
The Farmers & Merchants State Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Ohio | 83% | $115K | 301 | 244 |
| Indiana | 92% | $125K | 130 | 119 |
| Michigan | 61% | $475K | 44 | 27 |
| Florida | 100% | $405K | 21 | 21 |
| Kentucky | 100% | $75K | 3 | 3 |
| South Carolina | 67% | $225K | 3 | 2 |
| Georgia | 100% | $205K | 2 | 2 |
| Arkansas | 0% | — | 1 | 0 |
| District of Columbia | 0% | — | 1 | 0 |
| Maryland | 0% | — | 1 | 0 |
| North Carolina | 100% | $145K | 1 | 1 |
| Texas | 100% | $245K | 1 | 1 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.