Applications / Mortgage Analytics / Lenders / Virginia / The Farmers and Merchants Bank of Craig County
New Castle, VA · State member bank · FRS · $92.8 million assets · 57 loans in 2025
The Farmers and Merchants Bank of Craig County's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
57
loans originated, 2025
63
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
The Farmers and Merchants Bank of Craig County nearly doubled its lending in 2025, to 57 loans, mostly refinances and many on manufactured homes, a faster rise than at almost any similar bank.
Its loans rose 90%, from 30 to 57, while similar lenders, other state member banks making between half and twice as many loans, grew 7%. Its dollar lending doubled, from $5.0 million to $10.0 million. Refinances made up 73.7% of its loans. It filed no report for 2021 or 2022, when a bank making fewer than 100 closed-end loans a year need not report.
Manufactured homes were 31.6% of its loans, against 1.7% at similar lenders. Some 46.4% of its loans went to low- and moderate-income (LMI) borrowers, nearly double the 24.4% at similar lenders. Yet only 1.8% were in LMI neighborhoods, against 17.7%: its six counties may hold few such neighborhoods.
Its typical rate was 5.50%, against 7.50% at similar lenders, the lowest among them. None of its loans was higher-priced, meaning a rate well above the average for similar loans, against 11.8% at similar lenders. That is unusual for a lender so heavy in manufactured homes, and the data do not say why.
Its share of Roanoke lending rose from 0.3% to 0.5%, putting it 51 of 346 lenders. Atlantic Bay Mortgage Group and Rocket Mortgage lead that market.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. The Farmers and Merchants Bank of Craig County took 63 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 73.7% · Purchase 26.3%
Conventional 100.0% · of 57 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 | 57 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Roanoke | 55 |
| Blacksburg-Christiansburg-Radford | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900R8ZBXT7V5OH304 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 804422 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 2804422 | 2004–2017 |
Established 2 May 1917. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: The Farmers and Merchants Bank of Craig County's data.
The Farmers and Merchants Bank of Craig County's data
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The Farmers and Merchants Bank of Craig County 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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