Applications / Mortgage Analytics / Lenders / Nebraska / Farmers and Merchants Bank
Milford, NE · State non-member bank · FDIC · $988 million assets · 25 loans in 2025
Farmers and Merchants Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
25
loans originated, 2025
34
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Farmers and Merchants Bank, a Nebraska bank with $988 million in assets, makes few home loans, and most of the 25 it made in 2025 were refinances.
Refinances made up 52.0% of its loans, purchases only 24.0% and home improvement 16.0%. Every loan was conventional. On so few loans the mix can shift from year to year. Its typical loan, $145,000, was a little smaller than the $175,000 at similar lenders, meaning state non-member banks making between half and twice as many loans.
It made 25 loans, down 4% on the year, while similar lenders fell by 7%. Volume has held near that level since 2023, well under the 81 loans of 2018. It filed no report for 2021 or 2022; small lenders need not report every year, so those are gaps in the record, not years without lending.
Lincoln is its biggest market, where it has reported since 1992. It ranks 94 of 249 lenders there with 0.1% of lending, unchanged on the year. Lincoln FSB of Nebraska leads that market. It also lends in non-metro Nebraska, Omaha and rural Kansas, across nine counties in all.
On 25 loans, its shares of lending to lower-income borrowers and neighborhoods swing widely from year to year, and there are too few to give price or denial figures. Comparisons with peers on those measures would mean little.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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 34 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 52.0% · Purchase 24.0% · Home improvement 16.0% · Other 8.0%
Conventional 100.0% · of 25 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 |
|---|---|---|
| Nebraska | 23 | 92.0% |
| Iowa | 1 | 4.0% |
| Kansas | 1 | 4.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Lincoln | 8 |
| Omaha | 4 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300NQ6JHMRWQ5IH65 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 455552 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 316810 | 1992–2017 |
Established 5 July 1949. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Farmers and Merchants Bank's data.
Farmers and Merchants Bank's data
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