Applications / Mortgage Analytics / Lenders / Virginia / Farmers & Merchants Bank
Timberville, VA · State member bank · FRS · $1.4 billion assets · 334 loans in 2025
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334
loans originated, 2025
466
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Farmers & Merchants Bank, of Timberville, Virginia, makes larger, more often government-backed purchase loans than similar banks.
Purchases made up 77.8% of its loans. Its typical loan was $285,000, against $195,000 at similar lenders (state member banks making between half and twice as many loans), larger than at about four in five of them. It made 334 loans, 7% fewer than in 2024, while similar lenders grew 6%.
Loans insured by the Federal Housing Administration (FHA) made up 8.4% of its lending, a higher share than at more than four in five similar banks, most of which made none. Its typical rate was 6.50%, against 6.62%, and 0.7% of its loans were higher-priced (a rate well above the average for similar loans), against 2.3%. It turned down 1.9% of first-lien home-purchase applications, against 6.7% at similar banks.
Harrisonburg is its largest market. In Staunton-Stuarts Draft it ranks 11 of 236, with 2.2%, down from 3.0%; DuPont Community Credit Union leads there. Shares are counted in dollars, so fewer large loans or a stronger year for competitors could account for the fall.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Farmers & Merchants Bank took 466 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 77.8% · Refinance 18.9% · Not applicable 1.5% · Home improvement 0.9% · Other 0.9%
Conventional 90.4% · FHA 8.4% · VA 0.9% · USDA (RHS or FSA) 0.3% · of 334 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 |
|---|---|---|
| Virginia | 326 | 97.6% |
| North Carolina | 4 | 1.2% |
| West Virginia | 3 | 0.9% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Harrisonburg | 178 |
| Staunton-Stuarts Draft | 57 |
| Winchester | 16 |
| Arlington-Alexandria-Reston | 11 |
| Charlottesville | 7 |
| Roanoke | 3 |
| Charlotte-Concord-Gastonia | 2 |
| Richmond | 2 |
| Virginia Beach-Chesapeake-Norfolk | 2 |
| Blacksburg-Christiansburg-Radford | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300V2YLC1I721HE07 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 713926 | 2004–2020 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 1076495 | 2021–2023 |
| Respondent ID (the HMDA filer code before 2018) | 2713926 | 2004–2017 |
Established 1 January 1908. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: Farmers & Merchants Bank's data.
Farmers & Merchants Bank's data
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