The Farmers & Merchants State Bank in Michigan vs the state
26.8%Denial rate+8.31 pts vs state
32.4%Decision denial rate+9.77 pts vs state
53.7%Origination rate-6.23 pts vs state
7.25%Median rate+0.50 pts vs state
0.60Rate spread (pts)+0.20 pts vs state
$88kMedian applicant income
44Loans originated
22Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 33 | 23 | 15.2% | 7.25% | #366 |
| 2024 | 31 | 18 | 25.8% | 8.00% | #384 |
| 2025 | 82 | 44 | 26.8% | 7.25% | #293 |
What The Farmers & Merchants State Bank lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most The Farmers & Merchants State Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Oakland County | 29 | 13 | 13 | 44.8% |
| Lenawee County | 13 | 6 | 1 | 7.7% |
| Hillsdale County | 9 | 5 | 2 | 22.2% |
| Monroe County | 8 | 3 | 2 | 25.0% |
| Macomb County | 5 | 4 | 1 | 20.0% |
| St. Joseph County | 5 | 5 | 0 | 0.0% |
| Wayne County | 3 | 1 | 1 | 33.3% |
| Calhoun County | 2 | 1 | 1 | 50.0% |
| Roscommon County | 2 | 2 | 0 | 0.0% |
| Chippewa County | 1 | 1 | 0 | 0.0% |
Other large lenders in Michigan
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 30,644 | 16.3% | 6.75% |
| United Shore Financial Services | B | 29,330 | 11.7% | 6.60% |
| The Huntington National Bank | D | 20,047 | 30.0% | 7.49% |
| Lake Michigan Credit Union | A | 16,662 | 5.6% | 6.75% |
| Fifth Third Bank | D | 11,176 | 26.4% | 7.50% |
| 21st Mortgage | F | 7,424 | 53.4% | 11.04% |
| Citizens Bank | C | 6,592 | 29.0% | 7.65% |
| Triad Financial Services | D | 6,426 | 56.1% | 8.49% |
| Union Home Mortgage | B | 5,303 | 4.3% | 6.75% |
| PNC Bank | D | 5,161 | 26.3% | 7.36% |
Frequently asked questions
Michigan: 82 applications in 2025, of which 44 were originated and 22 denied.
26.8% of all applications, or 32.4% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans The Farmers & Merchants State Bank originated in Michigan in 2025 was 7.25%, against a statewide median of 6.75%.
About this data. Figures are The Farmers & Merchants State Bank's own HMDA filing for properties located in Michigan, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology