Applications / Mortgage Analytics / Lenders / Maryland / The Farmers Bank of Willards
Willards, MD · State non-member bank · FDIC · $553 million assets · 130 loans in 2025
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130
loans originated, 2025
199
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
The Farmers Bank of Willards grew faster than most similar banks in 2025 and gained ground in Salisbury, its main metro market.
Its loans rose 38% to 130, while similar lenders (state non-member banks making between half and twice as many loans) grew 9%. That is faster than more than four in five of them. The bank's volume swings: 228 loans in 2022, 94 in 2024. Part of the rise is a recovery from a weak year.
It holds 2.2% of the Salisbury market, up from 1.8%, and ranks 11th of 205 lenders. It has lent there since 2004. Merchants Capital and Movement Mortgage lead.
Manufactured homes made up 15.4% of its loans, against 3.0% at peers, a higher share than at almost nine in ten of them. Yet its typical loan, $215,000, is above peers' $175,000, and loans larger than the conforming limit (jumbo) were 4.2% against 1.4%.
Low- and moderate-income (LMI) neighborhoods took 6.2% of its loans, against 17.6% at peers, among the lowest tenth. Its lending sits mostly in non-metro Maryland and Delaware and the Salisbury area, and the mix of tracts there may explain much of it. LMI borrowers took 29.6%, close to peers' 27.8%.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. The Farmers Bank of Willards took 199 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 65.4% · Refinance 18.5% · Home improvement 8.5% · Other 7.7%
Conventional 100.0% · of 130 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 |
|---|---|---|
| Maryland | 102 | 78.5% |
| Delaware | 26 | 20.0% |
| Virginia | 2 | 1.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Salisbury | 60 |
| Dover | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493005U6VKOSGHRA756 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 105026 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 35885 | 2004–2017 |
Established 3 January 1925. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: The Farmers Bank of Willards's data.
The Farmers Bank of Willards's data
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The Farmers Bank of Willards 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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