# The Farmers & Merchants State Bank

> **Canonical URL:** https://saferate.com/lenders/the-farmers-merchants-state-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


The Farmers & Merchants State Bank is a bank, headquartered in ARCHBOLD, OH, serving borrowers across 6 states, with 320 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 55% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 48% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 254900LDNBFL67R4FW27
- **Headquarters:** ARCHBOLD, OH
- **Geographic Reach:** Multi-Region
- **States Served:** 6
- **State List:** FL, IN, KY, MI, OH, SC
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 45/100
- Rating: ●●●○○ (3/5)

### Pull Through: Sound ☺️
- Score: 52/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.446%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,282
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 320
- **Dollar Volume:** $61 million
- **Applications Received:** 428
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $190,656
- **Average Borrower Income:** $123,544
- **Average Property Value:** $275,062

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 55/100 | 318 | +0.442% | $1,284 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 241 loans, Score: 52/100 (Sound)
- Refinance: 77 loans, Score: 59/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 51/100 | 242 | $46M | +0.402% | Sound ☺️ |
| Refinance | 57/100 | 78 | $15M | +0.569% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| OH | 194 | 0.14% | 72/100 |
| IN | 110 | 0.12% | 66/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 222 | 69/100 |
| Toledo, OH | OH | 58 | 72/100 |
| Fort Wayne, IN | IN | 20 | 52/100 |

## Where This Lender Ranks

The Farmers & Merchants State Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#15** in Toledo, OH Banks
  - [View Full Rankings](https://saferate.com/toledo-oh/best-mortgage-lenders/banks)
- 🏆 **#16** in Toledo, OH for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/toledo-oh/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#16** in Fort Wayne, IN Banks
  - [View Full Rankings](https://saferate.com/fort-wayne-in/best-mortgage-lenders/banks)
- 🏆 **#17** in Fort Wayne, IN for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/fort-wayne-in/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

### What loan types does The Farmers & Merchants State Bank offer?

The Farmers & Merchants State Bank offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does The Farmers & Merchants State Bank offer mortgages?

The Farmers & Merchants State Bank offers mortgages in 6 states: FL, IN, KY, MI, OH, SC.

### How competitive are The Farmers & Merchants State Bank's mortgage rates?

The Farmers & Merchants State Bank has a pricing score of 45/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.446% above market average.

### What type of lender is The Farmers & Merchants State Bank?

The Farmers & Merchants State Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in ARCHBOLD, OH.

### What is The Farmers & Merchants State Bank's loan approval success rate?

The Farmers & Merchants State Bank has a pull-through score of 52/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/the-farmers-merchants-state-bank

### How to Cite

> "The Farmers & Merchants State Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/the-farmers-merchants-state-bank

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