Farmers & Merchants Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
66th6.3% deniedProcesswithdrawn + incomplete share, weight 15%
85th3.2%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 309 | 274 | 3.6% | 3.6% | — | $27M |
| 2024 | 336 | 301 | 4.8% | 4.9% | — | $37M |
| 2025 | 346 | 301 | 6.1% | 6.3% | — | $42M |
What Farmers & Merchants Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 106 manufactured homes, 171 investment properties.
Who gets approved at Farmers & Merchants Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 74 | 55 | 16.2% |
| $50k – $100k | 101 | 84 | 8.1% |
| $100k – $150k | 46 | 40 | 4.4% |
| $150k – $250k | 22 | 21 | 0.0% |
| Over $250k | 27 | 26 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 31 | 25 | 10.3% |
| 35–44 | 58 | 50 | 3.6% |
| 45–54 | 68 | 57 | 9.0% |
| 55–64 | 68 | 60 | 8.8% |
| 65–74 | 41 | 32 | 7.9% |
Where Farmers & Merchants Bank lends
2 states and 29 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Farmers & Merchants Bank denied 6.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 66th percentile of small mortgage lenders.
In 2025, 32% of its applications were for home purchases, 58% for refinancing (including cash-out), and 10% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.