The Farmers & Merchants State Bank · Ohio · 2025

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

The Farmers & Merchants State Bank took 885 mortgage applications in Ohio in 2025, ranking #95 of 1,092 lenders active in the state. It originated 74.5% of them and denied 13.7% (15.4% of the applications it decided), against a statewide denial rate of 17.7%.

885Applicationsin OH
15.4%Decision denial ratestate 21.9%
7.50%Median ratestate 6.88%
$105,000Median loanstate $155,000
$97MVolume30 counties

The Farmers & Merchants State Bank in Ohio vs the state

13.7%Denial rate-4.02 pts vs state
15.4%Decision denial rate-6.53 pts vs state
74.5%Origination rate+14.56 pts vs state
7.50%Median rate+0.63 pts vs state
0.28Rate spread (pts)-0.11 pts vs state
$76kMedian applicant income
659Loans originated
121Denied

Trend in Ohio

YearApplicationsOriginatedDenial rateMedian rateRank in state
202378258215.6%7.75%#88
202470551516.6%8.00%#103
202588565913.7%7.50%#95

What The Farmers & Merchants State Bank lends in Ohio

By loan purpose

Home purchase 319 36% · 6.9% denied
Refinance 36 4% · 13.9% denied
Cash-out refinance 198 22% · 17.2% denied
Home improvement 168 19% · 16.7% denied
Other / HELOC 164 19% · 19.5% denied

By loan type

Conventional 885 100% · 13.7% denied

Why it denied Ohio applicants

Credit history 51 42%
Debt-to-income ratio 42 35%
Collateral 21 17%
Other 3 2%
Incomplete application 1 1%
Unverifiable information 1 1%
Insufficient cash 1 1%
Employment history 1 1%

Where in Ohio

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

CountyApplicationsOriginatedDeniedDenial rate
Williams County 22517631 13.8%
Fulton County 20315923 11.3%
Defiance County 977312 12.4%
Lucas County 715012 16.9%
Henry County 69535 7.2%
Wood County 50377 14.0%
Shelby County 443010 22.7%
Clark County 31242 6.5%
Champaign County 20123 15.0%
Paulding County 1254 33.3%

Other large lenders in Ohio

LenderGradeApplicationsDenial rateMedian rate
The Huntington National BankD 42,68325.8%7.59%
Rocket MortgageC 23,16518.5%6.63%
Fifth Third BankD 21,93925.6%7.50%
Crosscountry MortgageB 16,0663.1%6.75%
United Shore Financial ServicesB 14,62613.1%6.45%
Third Federal Savings and Loan Association of ClevelandC 12,62223.0%6.74%
PNC BankD 11,60724.6%7.40%
Wright-Patt Credit UnionC 8,79128.1%7.50%
U.S. BankD 8,62338.0%7.60%
Citizens BankC 7,77524.3%7.65%

Frequently asked questions

Ohio: 885 applications in 2025, of which 659 were originated and 121 denied.

13.7% of all applications, or 15.4% of the applications it actually decided on. The Ohio statewide average across all lenders was 17.7%.

The median rate on loans The Farmers & Merchants State Bank originated in Ohio in 2025 was 7.50%, against a statewide median of 6.88%.

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