Farmers Deposit Bank Mortgage Lending & HMDA Data, 2014
In 2014, Farmers Deposit Bank of Cynthiana, KY reported 82 mortgage applications totaling $5.8 million. The average application was for $70,695, and applicants reported an average income of $53,121. 79% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Lexington-Fayette, KY (16) and Cincinnati, OH-KY-IN (1).
| Mortgage Company & Address | Farmers Deposit Bank P O Box 188 Cynthiana, KY 41031 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 |
| Total Number of Mortgage Applications | 82 |
| Total Mortgage Loan Application Amount | $5,797,000 |
| Average Mortgage Loan Application Amount | $70,695 |
| Highest Mortgage Loan Application Amount | $400,000 |
| Average Applicant Income | $53,121 |
| Highest Applicant Income | $198,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Farmers Deposit Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Deposit Bank in 2014
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 | 51 | $3,585,000 | $70,000 | $375,000 | $53,000 | $198,000 |
| Home Purchase | 29 | $2,199,000 | $75,000 | $400,000 | $51,000 | $163,000 |
| Home Improvement | 2 | $13,000 | $6,000 | $10,000 | $87,000 | $130,000 |
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 | 70 | $3,955,000 | $56,000 | $375,000 | $55,000 | $198,000 |
| Hispanic | 7 | $543,000 | $77,000 | $200,000 | $49,000 | $98,000 |
| Not applicable | 4 | $899,000 | $224,000 | $343,000 | $0 | $0 |
| Asian | 1 | $400,000 | $400,000 | $400,000 | $109,000 | $109,000 |
| Black or African American | 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 |
| American Indian or Alaskan Native | 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) | 81 | $5,687,000 | $70,000 | $400,000 | $53,000 | $198,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $110,000 | $110,000 | $110,000 | $49,000 | $49,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 65 | $4,879,000 | $75,000 | $400,000 | $54,000 | $198,000 |
| Application Denied By Financial Institution | 15 | $830,000 | $55,000 | $251,000 | $43,000 | $101,000 |
| Application Withdrawn By Applicant | 1 | $20,000 | $20,000 | $20,000 | $116,000 | $116,000 |
| Application Approved But Not Accepted | 1 | $68,000 | $68,000 | $68,000 | $40,000 | $40,000 |
| 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 | 10 | $309,000 | $30,000 | $110,000 | $43,000 | $99,000 |
| Debt-To-Income Ratio | 3 | $252,000 | $84,000 | $129,000 | $31,000 | $42,000 |
| Collateral | 1 | $251,000 | $251,000 | $251,000 | $101,000 | $101,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $18,000 | $18,000 | $18,000 | $24,000 | $24,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers Deposit Bank's 2014 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 Deposit Bank'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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