Farmers Bank & Trust Company Mortgage Lending & HMDA Data, 2004
In 2004, Farmers Bank & Trust Company of Georgetown, KY reported 128 mortgage applications totaling $11.6 million, down 76% from 2003. The average application was for $90,781, and applicants reported an average income of $67,875. 90% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Lexington-Fayette, KY (88), Louisville, KY-IN (13) and Elizabethtown, KY (5) (applications in parentheses).
| Mortgage Company & Address | Farmers Bank & Trust Company 200 East Main Street Georgetown, KY 40324 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 128 |
| Total Mortgage Loan Application Amount | $11,620,000 |
| Average Mortgage Loan Application Amount | $90,781 |
| Highest Mortgage Loan Application Amount | $531,000 |
| Average Applicant Income | $67,875 |
| Highest Applicant Income | $610,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Farmers Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for Farmers Bank & Trust Company in 2004
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing | 57 | $6,222,000 | $109,000 | $531,000 | $82,000 | $610,000 |
| Home Purchase | 56 | $5,297,000 | $89,500 | $303,000 | $40,500 | $242,000 |
| Home Improvement | 15 | $101,000 | $6,000 | $27,000 | $39,000 | $82,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 109 | $9,979,000 | $88,000 | $531,000 | $36,000 | $316,000 |
| Not applicable | 14 | $1,397,000 | $99,000 | $154,000 | $207,000 | $610,000 |
| Black or African American | 4 | $111,000 | $27,000 | $69,000 | $67,000 | $148,000 |
| Asian | 1 | $133,000 | $133,000 | $133,000 | $80,000 | $80,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 127 | $11,487,000 | $87,500 | $531,000 | $43,500 | $610,000 |
| FHA-insured (Federal Housing Administration) | 1 | $133,000 | $133,000 | $133,000 | $59,000 | $59,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 115 | $10,471,000 | $91,000 | $531,000 | $76,000 | $610,000 |
| Application Withdrawn By Applicant | 7 | $715,000 | $95,000 | $160,000 | $30,000 | $64,000 |
| Application Denied By Financial Institution | 6 | $434,000 | $72,000 | $133,000 | $32,000 | $59,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 5 | $399,000 | $79,000 | $133,000 | $33,000 | $59,000 |
| Collateral | 1 | $35,000 | $35,000 | $35,000 | $30,000 | $30,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers Bank & Trust Company's 2004 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Farmers Bank & Trust Company's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Kentucky, download the full spreadsheet
with aggregated HMDA statistics today.
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