Farmers State Bank
Farmers State Bank received 642 applications in 2025 and made 548 mortgages, in 18 counties across 4 states. The median rate its borrowers got was 7.390% on a median loan of $155,000. Of 619 decisions, 52 were denials — 8.4%, most often for debt-to-income ratio.
| Legal Entity Identifier | 549300H3GIHYP3MB0302 |
|---|---|
| Applications received | 642 |
| Mortgages made | 548 |
| Denied | 52 |
| Approved, not taken up | 19 |
| Withdrawn or incomplete | 23 |
| Loans bought from other lenders | 0 |
| Median rate spread over the prime offer rate | 0.2 points |
| FDIC-insured bank | Yes: Farmers State Bank, 11 offices |
By loan purpose
| Purpose | Mortgages made | Median rate | Median loan | Denied |
|---|---|---|---|---|
| Home purchase | 221 | 6.690% | $305,000 | 6.1% |
| Refinancing | 162 | 7.500% | $170,000 | 6.7% |
| Cash-out refinancing | 1 | Under 10 loans | Under 10 loans | 0.0% |
| Other purposes | 164 | 7.500% | $65,000 | 12.8% |
Where Farmers State Bank lends most
The 18 counties where it made the most mortgages in 2025. Each county page ranks every lender there.
| County | Mortgages made | Median rate | Denied |
|---|---|---|---|
| LaGrange County, IN | 278 | 7.500% | 8.1% |
| Elkhart County, IN | 89 | 7.250% | 8.1% |
| Noble County, IN | 65 | 7.490% | 10.7% |
| Steuben County, IN | 45 | 7.500% | 11.8% |
| St. Joseph County, MI | 38 | 7.290% | 2.3% |
| DeKalb County, IN | 7 | Under 10 loans | 12.5% |
| Branch County, MI | 6 | Under 10 loans | 0.0% |
| Kosciusko County, IN | 4 | Under 10 loans | 28.6% |
| Hillsdale County, MI | 4 | Under 10 loans | 20.0% |
| Cass County, MI | 3 | Under 10 loans | 0.0% |
| Allen County, IN | 2 | Under 10 loans | 0.0% |
| St. Joseph County, IN | 2 | Under 10 loans | 0.0% |
| Sarasota County, FL | 1 | Under 10 loans | 0.0% |
| Marshall County, IN | 1 | Under 10 loans | 0.0% |
| Tippecanoe County, IN | 1 | Under 10 loans | 0.0% |
| Wayne County, IN | 1 | Under 10 loans | 0.0% |
| Luce County, MI | 1 | Under 10 loans | 0.0% |
| Paulding County, OH | 0 | Under 10 loans | 0.0% |
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When Farmers State Bank’s figures are published for the next year, or restated.
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Counts, medians and denial shares are computed from the Home Mortgage Disclosure Act loan-level file for 2025, published by the Consumer Financial Protection Bureau through the FFIEC: every application a covered lender received, as the lender reported it. A median rate is what borrowers got, not what you will be offered — it depends on the loan, the property, your credit and the market on the day, and no figure here is a quote. A median over fewer than 10 loans is not shown: it is a number with no meaning and a real person's rate half-exposed. Those cells say "under 10 loans" and the count is still published. This is information, not advice, and no lender pays to appear.