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The Lender Report built this page from public records. The Farmers & Merchants State Bank has not reviewed it. Every lender's page starts this way, and it says nothing about The Farmers & Merchants State Bank itself. Each figure shows its source and date. Work at The Farmers & Merchants State Bank? You can claim this page for free.
Multifamily record
The Farmers & Merchants State Bank: multifamily loans made
The Farmers & Merchants State Bank, a bank based in Archbold, OH, made 51 multifamily loans in 2024 and 2025, $58.7M in all, in 3 states. The typical loan was about $400K, and the largest about $11M. Most were in Lucas County, OH.
- Evidence
- Multifamily loans made in 2024 and 2025, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Multifamily loans
- 51
- HMDA,
- 2024 and 2025. Manufactured-home parks excluded
- Dollars
- $58.7M
- HMDA,
- Rounded amounts
- Typical loan
- $400K
- HMDA,
- Largest loan
- $11M
- HMDA,
- Rounded to 2 significant figures
- States
- 3
- HMDA,
Cite this
Source: The Lender Report, The Farmers & Merchants State Bank: multifamily loans made, https://lender.report/lender/farmers-and-merchants-state-bank-oh/multifamily/, data as of December 31, 2025.
The loans, newest first
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| 2025 | Oakland County, MI | Cash-out refinance, 150 or more units | $11M | 6.72% | 5 yr | 66% | HMDA 2025 |
| 2025 | Hamilton County, OH | Cash-out refinance, 150 or more units | $8M | 7.45% | 5 yr | 37% | HMDA 2025 |
| 2025 | Butler County, OH | Cash-out refinance, 5 to 24 units | $2.8M | 7.35% | 5 yr | 74% | HMDA 2025 |
| 2025 | Oakland County, MI | Purchase, 25 to 49 units | $2.8M | 7.6% | 5 yr | 70% | HMDA 2025 |
| 2025 | Butler County, OH | Cash-out refinance, 5 to 24 units | $2.5M | 7.35% | 5 yr | 66% | HMDA 2025 |
| 2025 | Oakland County, MI | Purchase, 25 to 49 units | $2.2M | 7.6% | 5 yr | 75% | HMDA 2025 |
| 2025 | Butler County, OH | Cash-out refinance, 5 to 24 units | $1.8M | 7.75% | 10 yr | 68% | HMDA 2025 |
| 2025 | Lucas County, OH | Refinance, 25 to 49 units | $1M | 7.75% | 2 yr | 76% | HMDA 2025 |
| 2025 | Toledo, OH | Refinance, 50 to 99 units | $720K | 7% | 4.5 yr | 37% | HMDA 2025 |
| 2025 | Lucas County, OH | Purchase, 5 to 24 units | $640K | 7.75% | 10 yr | 63% | HMDA 2025 |
| 2025 | Delaware County, IN | Purchase, 5 to 24 units | $580K | 8% | 1 yr | 75% | HMDA 2025 |
| 2025 | Franklin County, OH | Improvement, 5 to 24 units | $520K | 9% | 15 yr | 75% | HMDA 2025 |
| 2025 | Paulding County, OH | Purchase, 5 to 24 units | $500K | 9% | 5 yr | 78% | HMDA 2025 |
| 2025 | Franklin County, OH | Improvement, 5 to 24 units | $480K | 7.65% | 15 yr | 112% | HMDA 2025 |
| 2025 | Butler County, OH | Improvement, 5 to 24 units | $400K | 7.5% | 0.5 yr | 71% | HMDA 2025 |
| 2025 | Toledo, OH | Refinance, 5 to 24 units | $380K | 6.63% | 10 yr | 54% | HMDA 2025 |
| 2025 | Toledo, OH | Refinance, 25 to 49 units | $380K | 7.7% | 10 yr | 33% | HMDA 2025 |
| 2025 | Henry County, OH | Cash-out refinance, 5 to 24 units | $280K | 9% | 5 yr | 71% | HMDA 2025 |
| 2025 | Henry County, OH | Purchase, 5 to 24 units | $240K | 7.88% | 15 yr | 75% | HMDA 2025 |
| 2025 | Clark County, OH | Cash-out refinance, 5 to 24 units | $220K | 7.45% | 20 yr | 81% | HMDA 2025 |
| 2025 | Henry County, OH | Purchase, 5 to 24 units | $200K | 7.75% | 15 yr | 83% | HMDA 2025 |
| 2025 | Allen County, IN | Purchase, 25 to 49 units | $160K | 8.5% | 1 yr | 35% | HMDA 2025 |
| 2025 | Wood County, OH | Purchase, 5 to 24 units | $160K | 7.5% | 10 yr | 80% | HMDA 2025 |
| 2025 | Seneca County, OH | Purchase, 5 to 24 units | $140K | 8.5% | 10 yr | 80% | HMDA 2025 |
| 2025 | Williams County, OH | Refinance, 5 to 24 units | $120K | 9% | 5 yr | 78% | HMDA 2025 |
| 51 multifamily loans made in 2024 and 2025 | $58.7M | HMDA 2024 and 2025 | |||||
A blank means the source did not report it.
| Place | As named | Loans | Dollars |
|---|---|---|---|
| Lucas County, OH | County | 9 | $4.85M |
| Butler County, OH | County | 5 | $8.80M |
| Delaware County, IN | County | 4 | $2.16M |
| Toledo, OH | Metro area | 4 | $2.00M |
| Wood County, OH | County | 4 | $900K |
| Clark County, OH | County | 3 | $880K |
| Franklin County, OH | County | 3 | $1.10M |
| Henry County, OH | County | 3 | $720K |
| Oakland County, MI | County | 3 | $16.0M |
| Williams County, OH | County | 2 | $165K |
| Allen County, IN | County | 1 | $160K |
| DeKalb County, IN | County | 1 | $700K |
A county is named only where the public file holds 5 or more multifamily loans there in the year; otherwise the metro area or the state is.
| Loan size | Loans | Dollars |
|---|---|---|
| Under $1M | 38 | $12.2M |
| $1M to $2.5M | 7 | $10.2M |
| $2.5M to $5M | 3 | $8.10M |
| $5M to $10M | 2 | $17.2M |
| $10M or more | 1 | $11.0M |
| Year | Loans | Dollars | Typical loan |
|---|---|---|---|
| 2024 | 20 | $20.1M | $500K |
| 2025 | 31 | $38.6M | $380K |
| Purpose | Loans |
|---|---|
| Purchase | 19 |
| Refinance | 14 |
| Cash-out refinance | 11 |
| Improvement | 7 |
| Units | Loans |
|---|---|
| 5 to 24 units | 36 |
| 25 to 49 units | 11 |
| 50 to 99 units | 1 |
| 150 or more units | 3 |
- The Farmers & Merchants State Bank made 51 multifamily loans totaling $58.7M in 2024 and 2025, in 21 named places across 3 states. HMDA,
- It made 31 of them in 2025 and 20 in 2024. HMDA,
- The typical loan was about $400K, with the middle half between $160K and $1M. HMDA,
- The largest was about $11M. Every amount is rounded to 2 significant figures. HMDA,
- 38 loans were under $1M, and 3 were $5M or more. HMDA,
- It reported a median rate of 8.00% on 51 loans, with the middle half between 7.60% and 8.75%. HMDA,
- The median term was 8 years. HMDA,
- The median loan to value was 70%. HMDA,
- 49% of the loans were refinancings and 37% were purchases. HMDA,
- The most common property size was 5 to 24 units, with 36 loans. HMDA,
- Its loans were most often in Lucas County, OH (9), Butler County, OH (5) and Delaware County, IN (4). HMDA,
What we don't know
- Whether The Farmers & Merchants State Bank is taking new multifamily loans today.
- Its minimum or maximum loan, its fees and its other terms. HMDA reports the rate, term and loan to value, and this page shows what it reports.
- Loans on office, retail, industrial or hotel property. HMDA covers dwelling-secured loans only.
Place is a county only where the public file holds 5 or more multifamily loans of that year there, otherwise the metro area or the state. Amounts are rounded to 2 significant figures and HMDA has a year, never a date.
HMDA covers dwelling-secured loans. Manufactured-home parks are left out of every count.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.