Applications / Mortgage Analytics / Lenders / North Carolina / Farmers & Merchants Bank
Granite Quarry, NC · State non-member bank · FDIC · $966 million assets · 71 loans in 2025
Farmers & Merchants Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
71
loans originated, 2025
89
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Farmers & Merchants Bank, a North Carolina bank, makes far more of its loans in poorer and majority-minority neighborhoods than similar banks do, and its lending rose 25% in 2025.
35.2% of its loans were in low- and moderate-income (LMI) neighborhoods, against 18.5% at similar lenders, state non-member banks making between half and twice as many loans. Majority-minority neighborhoods took 28.2%, against 6.5%. LMI borrowers took 38.0%, against 27.2%.
Its loans rose 25% to 71, while similar lenders grew 9%; it grew faster than about seven in ten of them. It was its first rise since 2020, when it made 279 loans.
Purchases made up 60.6% of its loans and refinances 39.4%, all conventional. Its typical loan, $205,000, was above similar lenders' $175,000, and its total of $24.8 million was above their $20.4 million.
Its largest market is Charlotte-Concord-Gastonia, where it has lent since at least 1990 and ranked 225 of 775 lenders. In Raleigh-Cary and its other metros its shares are very small.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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 89 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 60.6% · Refinance 39.4%
Conventional 100.0% · of 71 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 |
|---|---|---|
| North Carolina | 69 | 97.2% |
| South Carolina | 2 | 2.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Charlotte-Concord-Gastonia | 54 |
| Raleigh-Cary | 5 |
| Durham-Chapel Hill | 2 |
| Charleston-North Charleston | 1 |
| Myrtle Beach-Conway-North Myrtle Beach | 1 |
| Winston-Salem | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 54930018CRFUH37BKR13 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 348720 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 32036 | 1990–2017 |
Established 1 January 1909. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Farmers & Merchants Bank's data.
Farmers & Merchants Bank's data
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Farmers & Merchants Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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