The Farmers & Merchants Bank · Arkansas · 2025

The Farmers & Merchants Bank in Arkansas: approval rate, denial rate and rates (2025)

The Farmers & Merchants Bank took 461 mortgage applications in Arkansas in 2025, ranking #57 of 802 lenders active in the state. It originated 70.9% of them and denied 13.2% (14.8% of the applications it decided), against a statewide denial rate of 18.2%.

461Applicationsin AR
14.8%Decision denial ratestate 23.1%
7.79%Median ratestate 6.63%
$115,000Median loanstate $165,000
$67MVolume29 counties

The Farmers & Merchants Bank in Arkansas vs the state

13.2%Denial rate-4.96 pts vs state
14.8%Decision denial rate-8.36 pts vs state
70.9%Origination rate+14.10 pts vs state
7.79%Median rate+1.17 pts vs state
1.95Rate spread (pts)+1.61 pts vs state
$76kMedian applicant income
327Loans originated
61Denied

Trend in Arkansas

YearApplicationsOriginatedDenial rateMedian rateRank in state
202347133015.7%8.00%#50
202445232316.2%8.75%#52
202546132713.2%7.79%#57

What The Farmers & Merchants Bank lends in Arkansas

By loan purpose

Home purchase 230 50% · 12.2% denied
Refinance 167 36% · 12.0% denied
Home improvement 32 7% · 9.4% denied
Other / HELOC 32 7% · 31.3% denied

By loan type

Conventional 461 100% · 13.2% denied

Why it denied Arkansas applicants

Debt-to-income ratio 27 44%
Credit history 24 39%
Collateral 6 10%
Unverifiable information 3 5%
Employment history 1 2%

Where in Arkansas

Counties with the most The Farmers & Merchants Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Baxter County 825511 13.4%
Washington County 62513 4.8%
Arkansas County 614110 16.4%
Randolph County 51452 3.9%
Prairie County 462912 26.1%
Craighead County 39275 12.8%
Benton County 22163 13.6%
Perry County 18133 16.7%
Conway County 14102 14.3%
Marion County 1151 9.1%

Other large lenders in Arkansas

LenderGradeApplicationsDenial rateMedian rate
Arvest BankC 9,74814.4%7.00%
Rocket MortgageC 5,85420.1%6.63%
ARKANSAS Federal Credit UnionF 4,43923.6%7.50%
Vanderbilt Mortgage and FinanceF 3,49138.4%10.25%
21st MortgageF 3,25046.6%9.69%
Mortgage Research CenterC 2,76718.3%6.25%
Regions BankC 2,64640.0%6.13%
Firsttrust Home LoansB 2,5900.5%6.49%
United Shore Financial ServicesB 2,45613.3%6.12%
Triad Financial ServicesD 2,13354.2%8.68%

Frequently asked questions

Arkansas: 461 applications in 2025, of which 327 were originated and 61 denied.

13.2% of all applications, or 14.8% of the applications it actually decided on. The Arkansas statewide average across all lenders was 18.2%.

The median rate on loans The Farmers & Merchants Bank originated in Arkansas in 2025 was 7.79%, against a statewide median of 6.63%.

About this data. Figures are The Farmers & Merchants Bank's own HMDA filing for properties located in Arkansas, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology