Applications / Mortgage Analytics / Lenders / Alabama / Farmers and Merchants Bank
Piedmont, AL · State non-member bank · FDIC · $311 million assets · 28 loans in 2025
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28
loans originated, 2025
28
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Farmers and Merchants Bank is a small Alabama lender that has lent in Anniston-Oxford since before 1990 and ranks 31 of 203 there, with 28 loans in 2025, few enough that its figures move with a handful of loans.
In Anniston-Oxford its share fell from 1.4% to 0.8%, behind Ameris Bank, Rocket Mortgage and United Wholesale Mortgage. Its lending fell 10%, while the typical similar lender (state non-member banks making between half and twice as many loans) was unchanged and the whole market rose 10%. Its change sits a little below the middle of peers. A small bank's share moves with a handful of loans, and national lenders such as Rocket Mortgage rank near the top there.
It made 77 loans in 2018 and 80 in 2019, then 34, 31 and 28 from 2023. It filed no report for 2020 to 2022, so those years are gaps, not years without lending. Competition from national lenders could explain the lower level.
A typical loan is $130,000, up from $85,000 but below peers' $175,000. 40.0% went to LMI (low- and moderate-income) borrowers, against 25.0% for similar lenders, but with 28 loans that is too few to read much into. The share in majority-minority areas fell from 22.6% to 3.6%; with so few loans, one or two loans make that swing.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. Farmers and Merchants Bank took 28 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 50.0% · Refinance 46.4% · Home improvement 3.6%
Conventional 100.0% · of 28 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Alabama | 26 | 92.9% |
| Florida | 2 | 7.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Anniston-Oxford | 19 |
| Panama City-Panama City Beach | 2 |
| Gadsden | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 2549002KNNRT791PG760 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 434539 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 31735 | 1990–2017 |
Established 12 April 1915. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Farmers and Merchants Bank's data.
Farmers and Merchants Bank's data
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