The Farmers & Merchants State Bank
The Farmers & Merchants State Bank received 1,465 applications in 2025 and made 1,089 mortgages, in 94 counties across 12 states. The median rate its borrowers got was 7.500% on a median loan of $105,000. Of 1,302 decisions, 200 were denials — 15.4%, most often for credit history. 3 of its applications carried no county and are counted here but on no county page.
| Legal Entity Identifier | 254900LDNBFL67R4FW27 |
|---|---|
| Applications received | 1,465 |
| Mortgages made | 1,089 |
| Denied | 200 |
| Approved, not taken up | 13 |
| Withdrawn or incomplete | 163 |
| Loans bought from other lenders | 3 |
| Median rate spread over the prime offer rate | 0.3 points |
| FDIC-insured bank | Yes: Farmers and Merchants State Bank, 2 offices |
By loan purpose
| Purpose | Mortgages made | Median rate | Median loan | Denied |
|---|---|---|---|---|
| Home purchase | 348 | 6.875% | $165,000 | 9.3% |
| Refinancing | 43 | 7.000% | $135,000 | 13.7% |
| Cash-out refinancing | 307 | 7.500% | $105,000 | 14.9% |
| Other purposes | 391 | 7.500% | $65,000 | 20.6% |
Where The Farmers & Merchants State Bank lends most
The 50 counties where it made the most mortgages in 2025. Each county page ranks every lender there.
| County | Mortgages made | Median rate | Denied |
|---|---|---|---|
| Adams County, IN | 198 | 7.500% | 10.0% |
| Williams County, OH | 176 | 7.500% | 15.0% |
| Fulton County, OH | 159 | 7.500% | 12.5% |
| Defiance County, OH | 73 | 7.375% | 14.1% |
| Henry County, OH | 53 | 7.500% | 8.3% |
| Lucas County, OH | 50 | 7.500% | 19.4% |
| Wood County, OH | 37 | 7.500% | 15.9% |
| Shelby County, OH | 30 | 7.500% | 25.0% |
| Wells County, IN | 28 | 7.313% | 9.4% |
| Steuben County, IN | 26 | 7.500% | 16.1% |
| Allen County, IN | 24 | 7.500% | 11.1% |
| Clark County, OH | 24 | 7.425% | 7.4% |
| DeKalb County, IN | 21 | 7.375% | 12.5% |
| Jay County, IN | 21 | 7.500% | 22.2% |
| Oakland County, MI | 13 | 7.500% | 50.0% |
| Champaign County, OH | 12 | 7.450% | 17.7% |
| Wayne County, IN | 10 | 7.625% | 16.7% |
| Lenawee County, MI | 6 | Under 10 loans | 12.5% |
| Butler County, OH | 6 | Under 10 loans | 30.0% |
| Van Wert County, OH | 6 | Under 10 loans | 33.3% |
| Elkhart County, IN | 5 | Under 10 loans | 16.7% |
| Hillsdale County, MI | 5 | Under 10 loans | 28.6% |
| St. Joseph County, MI | 5 | Under 10 loans | 0.0% |
| Franklin County, OH | 5 | Under 10 loans | 0.0% |
| Paulding County, OH | 5 | Under 10 loans | 44.4% |
| Delaware County, IN | 4 | Under 10 loans | 0.0% |
| Randolph County, IN | 4 | Under 10 loans | 16.7% |
| Macomb County, MI | 4 | Under 10 loans | 20.0% |
| Hancock County, OH | 4 | Under 10 loans | 0.0% |
| Putnam County, OH | 4 | Under 10 loans | 0.0% |
| Hamilton County, IN | 3 | Under 10 loans | 25.0% |
| Henry County, IN | 3 | Under 10 loans | 57.1% |
| Noble County, IN | 3 | Under 10 loans | 25.0% |
| Wabash County, IN | 3 | Under 10 loans | 0.0% |
| Monroe County, MI | 3 | Under 10 loans | 33.3% |
| Fayette County, IN | 2 | Under 10 loans | 0.0% |
| Fulton County, IN | 2 | Under 10 loans | 0.0% |
| Grant County, IN | 2 | Under 10 loans | 0.0% |
| Huntington County, IN | 2 | Under 10 loans | 33.3% |
| Kosciusko County, IN | 2 | Under 10 loans | 0.0% |
| Lawrence County, IN | 2 | Under 10 loans | 0.0% |
| Marion County, IN | 2 | Under 10 loans | 0.0% |
| Whitley County, IN | 2 | Under 10 loans | 50.0% |
| Bourbon County, KY | 2 | Under 10 loans | 0.0% |
| Roscommon County, MI | 2 | Under 10 loans | 0.0% |
| Auglaize County, OH | 2 | Under 10 loans | 0.0% |
| Delaware County, OH | 2 | Under 10 loans | 0.0% |
| Miami County, OH | 2 | Under 10 loans | 0.0% |
| Charlotte County, FL | 1 | Under 10 loans | 0.0% |
| Indian River County, FL | 1 | Under 10 loans | 0.0% |
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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.