First Bank C/O Lincoln Bank Mortgage Lending & HMDA Data, 2003
In 2003, First Bank C/O Lincoln Bank of Plainfneld, IN reported 860 mortgage applications totaling $107.3 million. The average application was for $124,810, and applicants reported an average income of $84,601. 84% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Indianapolis, IN (672), Bloomington, IN (10) and Fort Myers-Cape Coral, FL (2) (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 | 860 |
| Total Mortgage Loan Application Amount | $107,337,000 |
| Average Mortgage Loan Application Amount | $124,810 |
| Highest Mortgage Loan Application Amount | $1,079,000 |
| Average Applicant Income | $84,601 |
| Highest Applicant Income | $780,000 |
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records First Bank C/O Lincoln Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for First Bank C/O Lincoln Bank in 2003
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 (home purchase or home improvement, one-to-four family) | 663 | $85,097,000 | $176,166 | $1,079,000 | $131,000 | $780,000 |
| Home Purchase (one-to-four family) | 177 | $20,841,000 | $200,666 | $535,000 | $37,000 | $749,000 |
| Home Improvement (one-to-four family) | 20 | $1,399,000 | $69,000 | $322,000 | $94,000 | $358,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 776 | $95,979,000 | $161,400 | $1,000,000 | $124,000 | $780,000 |
| Information not provided by applicant in mail or telephone application | 65 | $7,421,000 | $104,500 | $350,000 | $83,000 | $501,000 |
| Not applicable | 11 | $2,924,000 | $265,000 | $1,079,000 | $82,000 | $190,000 |
| Other | 2 | $228,000 | $114,000 | $138,000 | $103,000 | $104,000 |
| Asian or Pacific Islander | 2 | $348,000 | $174,000 | $232,000 | $129,000 | $131,000 |
| Black | 2 | $271,000 | $135,000 | $164,000 | $77,000 | $119,000 |
| Hispanic | 1 | $86,000 | $86,000 | $86,000 | $37,000 | $37,000 |
| American Indian or Alaskan Native | 1 | $80,000 | $80,000 | $80,000 | $110,000 | $110,000 |
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) | 848 | $105,911,000 | $150,500 | $1,079,000 | $112,333 | $780,000 |
| FHA-insured (Federal Housing Administration) | 12 | $1,426,000 | $118,000 | $167,000 | $46,000 | $88,000 |
| 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 | 725 | $90,597,000 | $167,000 | $1,079,000 | $102,200 | $780,000 |
| Application Approved But Not Accepted | 73 | $9,460,000 | $224,000 | $322,000 | $111,000 | $374,000 |
| Application Withdrawn By Applicant | 44 | $5,062,000 | $140,500 | $322,000 | $251,500 | $426,000 |
| Application Denied By Financial Institution | 17 | $2,130,000 | $80,000 | $922,000 | $43,500 | $229,000 |
| File Closed For Incompleteness | 1 | $88,000 | $88,000 | $88,000 | $48,000 | $48,000 |
| Loan Purchased By The 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 2003 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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