First Bank C/O Lincoln Bank Mortgage Lending & HMDA Data, 2004
In 2004, First Bank C/O Lincoln Bank of Plainfneld, IN reported 328 mortgage applications totaling $41.9 million, down 62% from 2003. The average application was for $127,786, and applicants reported an average income of $72,423. 86% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Indianapolis, IN (309), Bloomington, IN (4) and Columbus, IN (3) (applications in parentheses).
| Mortgage Company & Address | First Bank C/O Lincoln Bank 905 Southfield Dr Plainfneld, IN 46168 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 328 |
| Total Mortgage Loan Application Amount | $41,914,000 |
| Average Mortgage Loan Application Amount | $127,786 |
| Highest Mortgage Loan Application Amount | $900,000 |
| Average Applicant Income | $72,423 |
| Highest Applicant Income | $1,300,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Bank C/O Lincoln Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Indianapolis, IN | 309 | $ 40,280,000 | $ 130,355 | $ 72,000 |
| Bloomington, IN | 4 | $ 432,000 | $ 108,000 | $ 48,000 |
| Columbus, IN | 3 | $ 213,000 | $ 71,000 | $ 28,000 |
| Fort Wayne, IN | 1 | $ 55,000 | $ 55,000 | $ 28,000 |
| Muncie, IN | 1 | $ 77,000 | $ 77,000 | $ 157,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 126,000 | $ 126,000 | $ 244,000 |
| Springfield, IL | 1 | $ 16,000 | $ 16,000 | $ 19,000 |
| Terre Haute, IN | 1 | $ 72,000 | $ 72,000 | $ 29,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 109,000 | $ 109,000 | $ 25,000 |
Mortgage Loan Application Detail Totals for First Bank C/O Lincoln Bank 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 | 179 | $24,611,000 | $123,000 | $900,000 | $46,500 | $628,000 |
| Home Purchase | 131 | $16,560,000 | $81,000 | $650,000 | $94,500 | $1,300,000 |
| Home Improvement | 18 | $743,000 | $23,000 | $192,000 | $33,500 | $236,000 |
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 | 308 | $39,689,000 | $75,000 | $900,000 | $63,000 | $1,300,000 |
| Not Provided | 11 | $1,255,000 | $114,000 | $300,000 | $95,000 | $223,000 |
| Not applicable | 4 | $432,000 | $108,000 | $200,000 | $16,000 | $64,000 |
| Black or African American | 2 | $220,000 | $110,000 | $134,000 | $39,000 | $79,000 |
| Hispanic | 2 | $243,000 | $121,000 | $165,000 | $100,000 | $164,000 |
| Asian | 1 | $75,000 | $75,000 | $75,000 | $120,000 | $120,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 325 | $41,663,000 | $74,750 | $900,000 | $63,500 | $1,300,000 |
| FHA-insured (Federal Housing Administration) | 3 | $251,000 | $83,000 | $106,000 | $19,000 | $41,000 |
| 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 | 281 | $35,159,000 | $81,666 | $814,000 | $74,666 | $1,300,000 |
| Application Approved But Not Accepted | 20 | $2,839,000 | $85,333 | $322,000 | $37,000 | $142,000 |
| Application Withdrawn By Applicant | 16 | $3,132,000 | $195,000 | $900,000 | $76,000 | $473,000 |
| Application Denied By Financial Institution | 9 | $637,000 | $48,000 | $160,000 | $56,000 | $217,000 |
| File Closed For Incompleteness | 2 | $147,000 | $73,000 | $74,000 | $51,000 | $58,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 First Bank C/O Lincoln Bank'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 First Bank C/O Lincoln 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.
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with aggregated HMDA statistics today.
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