Name of the lender

First Farmers & Merchants National BankMortgage rates, total loan costs and denial rate, 2025

HMDA year2025

Years filed2018 to 2025

Head office: Cannon Falls, MN
Reporting agency: Office of the Comptroller of the Currency (OCC)
Legal Entity Identifier (LEI)

Figures by state (CSV)

First Farmers & Merchants National Bank reported 33 mortgage applications in the HMDA data of 2025.

It originated 30 loans in 2025, for $4.7 million in total.

The lender filed the interest rate as “Exempt” for all of its 30 loans originated in 2025. This page shows no median interest rate.

This page shows no median total loan costs, because fewer than 20 loans report the amount.

It denied 3.2% of the applications that it decided in 2025, and the national denial rate was 22.6%.

Filed figures of First Farmers & Merchants National Bank, 2025
Figure	This lender	United States
Applications	33Under 0.1% of the US total	11,766,671
Loans originated	30$4.7 million	6,827,891
Median interest rate	ExemptWhy there is no median	6.375%
Median total loan costs	Exempt	$6,413
Denial rate	3.2%	22.6%

HMDA data are generally not used alone to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions.
The words of the Consumer Financial Protection Bureau (CFPB). Source: Consumer Financial Protection Bureau, Summary of 2023 Data on Mortgage Lending (11 July 2024), copied on 2 Oct 2026. The figures on this page are from the HMDA data of 2025, the snapshot dataset.

Since the last update

No change on record

No tracked figure of this lender has changed since this site started its record. The record compares each update of the HMDA data with the update before it. The record of updates.

PricingMedians of 2025 loans

Median interest rate, 2025Exempt

The lender filed the interest rate as “Exempt” for all of its 30 loans originated in 2025.

Medians are for originated closed-end loans with a first lien. Reverse mortgages, open-end lines of credit and loans for a business purpose are not in the medians.

The applications, the loans originated and the denial rate on this page do not need the exempt fields.

A lender with a partial exemption can file “Exempt” in place of the interest rate, the total loan costs and some other fields. The glossary has the rule.

If a financial institution is eligible for a partial exemption for a specific transaction, then the financial institution is not required to collect, record, or report certain data points for the transaction.
Source: CFPB, A Beginner’s Guide to Accessing and Using Home Mortgage Disclosure Act Data (June 2022), copied on 2 Oct 2026.

Action takenHMDA codes and labels

Records of First Farmers & Merchants National Bank by the action taken, 2025
Action taken	Records	Share of records	US share
1Loan originated	30	90.9%	50.4%
2Application approved but not accepted	0	0.0%	3.1%
3Application denied	1	3.0%	15.6%
4Application withdrawn by applicant	2	6.1%	12.6%
5File closed for incompleteness	0	0.0%	5.1%
6Purchased loan	0	0.0%	11.7%
7Preapproval request denied	0	0.0%	0.4%
8Preapproval request approved but not accepted	0	0.0%	1.1%

The denial rate is code 3 divided by codes 1, 2 and 3: the applications that the lender decided. Codes 4 and 5 are applications with no decision. Code 6 is a loan that the lender bought.

Denial reasonsFirst reason coded

The lender has fewer than 25 denials in 2025, so this page shows no reasons.

Loan types and purposesLoans of 2025

Applications of First Farmers & Merchants National Bank by loan type
Loan type	Applications	Loans originated	Denial rate
Conventional	33	30	3.2%US 23.4%

Applications of First Farmers & Merchants National Bank by loan purpose
Loan purpose	Applications	Loans originated	Share of loans
Home purchase	9	8	26.7%
Home improvement	1	1	3.3%
Refinancing	22	21	70.0%
Cash-out refinancing	0	0	0.0%
Other purpose	1	0	0.0%

The denial rate of a loan type is the denied applications divided by the decided applications of that type. It is "n/a" under 25 decided applications.

States where it lends0 states with 25 applications or more

No state has 25 applications of this lender or more.

Figures by yearHMDA 2022 to 2025

First Farmers & Merchants National Bank by HMDA year"n/a" shows a year with fewer than 25 applications, or a year that this site does not process.
Year	Applications	Loans originated	Median interest rate	Median total loan costs	Denial rate	Records filed
2025	33	30	n/a	n/a	3.2%	33
2024	n/a	n/a	n/a	n/a	n/a	22
2023	n/a	n/a	n/a	n/a	n/a	n/a
2022	n/a	n/a	n/a	n/a	n/a	n/a
2019	n/a	n/a	n/a	n/a	n/a	57
2018	n/a	n/a	n/a	n/a	n/a	42

Records filed is the count on the lender's HMDA transmittal sheet. It includes purchased loans and requests for preapproval.

Denial rate by year: First Farmers & Merchants National Bank and the United States

First Farmers & Merchants National BankUnited States

VA lender statisticsLoans that VA guaranteed, by month

VA-guaranteed loans of FIRST FARMERS & MERCHANTS NATIONAL BANK, Sep 2025 to Aug 2026National figures from the Department of Veterans Affairs. VA counts a loan in the month of the guarantee.
Month	All	Purchase	Cash-out refinance	IRRRL
August 2026	0	0	0	0
July 2026	0	0	0	0
June 2026	0	0	0	0
May 2026	0	0	0	0
April 2026	0	0	0	0
March 2026	0	0	0	0
February 2026	0	0	0	0
January 2026	0	0	0	0
December 2025	0	0	0	0
November 2025	0	0	0	0
October 2025	0	0	0	0
September 2025	0	0	0	0

IRRRL is the VA Interest Rate Reduction Refinance Loan. The VA name of the lender is "FIRST FARMERS & MERCHANTS NATIONAL BANK". Every month.

Peer lenders12 lenders

These lenders originated a count of loans close to the count of this lender, in the same states. The site compares the applications of each lender by state. The list is not a ranking.

AgCountry Farm Credit Services, FLCAFargo, ND
Alliance BankLake City, MN
Community Resource BankNorthfield, MN
Expedition Credit UnionMendota Heights, MN
Farmers & Merchants Savings BankManchester, IA
Foresight BankPlainview, MN
KodaBankFargo, ND
Minnesota Valley Federal Credit UnionMankato, MN
Pioneer BankMankato, MN
Security State Bank of MarineMarine On St Croix, MN
Sentry BankSt. Joseph, MN
The Bank of Elk RiverElk River, MN

Official channelsLinks checked 2 Oct 2026

HMDA Data Browser (FFIEC and CFPB)The HMDA records of this lender, with a CSV download.
Submit a complaint (Consumer Financial Protection Bureau)The CFPB form for a complaint about a mortgage or a lender.
Financial Institution Lists (Office of the Comptroller of the Currency)The OCC lists of the national banks and federal savings associations that it regulates.
BankFind Suite (Federal Deposit Insurance Corporation)The FDIC search for an insured bank: its status, its offices and its regulator.

Cite this page

Page: Lender Register, "First Farmers & Merchants National Bank mortgage rates, 2025", https://lenderregister.com/lender/549300mivsvbbgzifr79-first-farmers-merchants-national-bank/
Lender: First Farmers & Merchants National Bank, LEI 549300MIVSVBBGZIFR79
Source: Federal Financial Institutions Examination Council and Consumer Financial Protection Bureau, Home Mortgage Disclosure Act data, 2025, snapshot dataset
Data date: HMDA year 2025. Page made 2 Oct 2026.

Provenance

The figures come from the public HMDA loan/application register of 2022 to 2025. The count of records filed comes from the transmittal sheets of 2018 to 2025. The FFIEC and the CFPB publish them at ffiec.cfpb.gov. The name, the head office and the agency are from the newest transmittal sheet of the LEI. The VA figures are from the VA lender statistics.

This site withholds a figure with fewer than 25 applications and a median with fewer than 20 loans. Method of the figures. Terms. Report an error.

Questions

How many loans did First Farmers & Merchants National Bank buy from other lenders in 2025?: It reported no purchased loans. HMDA counts a purchased loan apart from the applications, so the denial rate does not include it.
Which loan types did First Farmers & Merchants National Bank originate in 2025?: All its loans were of one type: 30 Conventional.
How many records did First Farmers & Merchants National Bank file for 2025?: Its transmittal sheet counts 33 records. The count includes purchased loans and requests for preapproval, so it is not the count of applications.
How many loans did VA guarantee for First Farmers & Merchants National Bank in August 2026?: VA lists 0 loans for the lender in that month: 0 purchase, 0 cash-out refinance and 0 IRRRL.