Farmers & Merchants State Bank in Wisconsin vs the state
5.8%Denial rate-8.26 pts vs state
6.1%Decision denial rate-10.26 pts vs state
85.1%Origination rate+16.91 pts vs state
—Median rate
—Rate spread (pts)
$104kMedian applicant income
74Loans originated
5Denied
Trend in Wisconsin
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 94 | 70 | 6.4% | — | #228 |
| 2024 | 104 | 68 | 6.7% | — | #227 |
| 2025 | 87 | 74 | 5.8% | — | #269 |
What Farmers & Merchants State Bank lends in Wisconsin
By loan purpose
By loan type
Where in Wisconsin
Counties with the most Farmers & Merchants State Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Dane County | 29 | 27 | 0 | 0.0% |
| Jefferson County | 26 | 22 | 2 | 7.7% |
| Dodge County | 6 | 4 | 2 | 33.3% |
| Columbia County | 5 | 5 | 0 | 0.0% |
| Waukesha County | 5 | 3 | 1 | 20.0% |
| Rock County | 4 | 2 | 0 | 0.0% |
| Washington County | 2 | 1 | 0 | 0.0% |
| Oneida County | 1 | 1 | 0 | 0.0% |
| Sauk County | 1 | 1 | 0 | 0.0% |
| Kenosha County | 1 | 1 | 0 | 0.0% |
Other large lenders in Wisconsin
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Summit Credit Union | A | 15,483 | 13.8% | 6.75% |
| University of Wisconsin Credit Union | A | 11,781 | 13.8% | 6.50% |
| Landmark Credit Union | A | 9,393 | 17.7% | 6.50% |
| Rocket Mortgage | C | 7,819 | 18.0% | 6.63% |
| Associated Bank | B | 7,451 | 23.7% | 6.88% |
| BMO Bank | F | 5,202 | 25.3% | 8.23% |
| Educators Credit Union | B | 4,930 | 24.3% | 6.95% |
| U.S. Bank | D | 4,710 | 26.0% | 6.88% |
| Covantage Credit Union | B | 4,581 | 7.7% | 6.50% |
| United Shore Financial Services | B | 4,421 | 11.8% | 6.38% |
Frequently asked questions
Wisconsin: 87 applications in 2025, of which 74 were originated and 5 denied.
5.8% of all applications, or 6.1% of the applications it actually decided on. The Wisconsin statewide average across all lenders was 14.0%.
This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).
About this data. Figures are Farmers & Merchants State Bank's own HMDA filing for properties located in Wisconsin, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology