First Bank Richmond, NA Mortgage Lending & HMDA Data, 2008

In 2008, First Bank Richmond, NA of Richmond, IN reported 997 mortgage applications totaling $62.6 million, up 10% from 2007. The average application was for $62,769, and applicants reported an average income of $79,613. 72% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Champaign-Urbana, IL (37), Indianapolis-Carmel, IN (33) and Chicago-Naperville-Joliet, IL (29) (applications in parentheses).

Mortgage Company & Address First Bank Richmond, NA
P.O. Box 937
Richmond, IN 47375
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 997
Total Mortgage Loan Application Amount $62,581,000
Average Mortgage Loan Application Amount $62,769
Highest Mortgage Loan Application Amount $1,958,000
Average Applicant Income $79,613
Highest Applicant Income $768,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Bank Richmond, NA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for First Bank Richmond, NA by County in 2008

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Wayne, Indiana 407 $ 34,014,000 $ 83,572 $ 71,000
Fayette, Indiana 45 $ 2,044,000 $ 45,422 $ 42,000
Muscatine, Iowa 39 $ 979,000 $ 25,102 $ 63,000
Champaign, Illinois 33 $ 930,000 $ 28,181 $ 70,000
Huntington, Indiana 21 $ 423,000 $ 20,142 $ 59,000
Pike, Kentucky 13 $ 243,000 $ 18,692 $ 56,000
McLean, Illinois 12 $ 359,000 $ 29,916 $ 80,000
Marion, Indiana 12 $ 748,000 $ 62,333 $ 107,000
Randolph, Indiana 12 $ 853,000 $ 71,083 $ 41,000
Union, Indiana 12 $ 1,113,000 $ 92,750 $ 35,000
Tulsa, Oklahoma 11 $ 2,297,000 $ 208,818 $ 119,000
Preble, Ohio 10 $ 904,000 $ 90,400 $ 60,000
DeKalb, Illinois 8 $ 215,000 $ 26,875 $ 110,000
Hamilton, Indiana 8 $ 987,000 $ 123,375 $ 153,000
Henry, Indiana 8 $ 853,000 $ 106,625 $ 84,000
Kendall, Illinois 7 $ 223,000 $ 31,857 $ 101,000
McHenry, Illinois 7 $ 214,000 $ 30,571 $ 87,000
Howard, Indiana 7 $ 197,000 $ 28,142 $ 55,000
Johnson, Indiana 7 $ 687,000 $ 98,142 $ 65,000
Ripley, Indiana 7 $ 315,000 $ 45,000 $ 46,000
Scott, Iowa 7 $ 208,000 $ 29,714 $ 130,000
Allen, Ohio 7 $ 552,000 $ 78,857 $ 128,000
Licking, Ohio 7 $ 148,000 $ 21,142 $ 61,000
Peoria, Illinois 6 $ 180,000 $ 30,000 $ 110,000
Rock Island, Illinois 6 $ 99,000 $ 16,500 $ 63,000
Wabash, Indiana 6 $ 133,000 $ 22,166 $ 63,000
Wapello, Iowa 6 $ 90,000 $ 15,000 $ 46,000
Darke, Ohio 6 $ 160,000 $ 26,666 $ 35,000
Van Wert, Ohio 6 $ 187,000 $ 31,166 $ 80,000
Maricopa, Arizona 5 $ 339,000 $ 67,800 $ 202,000
Cook, Illinois 5 $ 234,000 $ 46,800 $ 124,000
Franklin, Indiana 5 $ 344,000 $ 68,800 $ 46,000
Owen, Indiana 5 $ 177,000 $ 35,400 $ 70,000
Shelby, Indiana 5 $ 432,000 $ 86,400 $ 60,000
Perry, Kentucky 5 $ 115,000 $ 23,000 $ 84,000
Erie, Ohio 5 $ 96,000 $ 19,200 $ 94,000
Franklin, Ohio 5 $ 190,000 $ 38,000 $ 130,000
Boyle, Kentucky 4 $ 69,000 $ 17,250 $ 45,000
Delaware, Ohio 4 $ 212,000 $ 53,000 $ 219,000
Mercer, Ohio 4 $ 82,000 $ 20,500 $ 78,000
Tuscarawas, Ohio 4 $ 99,000 $ 24,750 $ 70,000
Cleveland, Oklahoma 4 $ 135,000 $ 33,750 $ 182,000
Tazewell, Illinois 3 $ 96,000 $ 32,000 $ 76,000
Allen, Indiana 3 $ 116,000 $ 38,666 $ 74,000
Louisa, Iowa 3 $ 47,000 $ 15,666 $ 43,000
Washoe, Nevada 3 $ 145,000 $ 48,333 $ 188,000
Wake, North Carolina 3 $ 90,000 $ 30,000 $ 112,000
Montgomery, Ohio 3 $ 450,000 $ 150,000 $ 107,000
Muskingum, Ohio 3 $ 112,000 $ 37,333 $ 111,000
Oklahoma, Oklahoma 3 $ 95,000 $ 31,666 $ 109,000
Wagoner, Oklahoma 3 $ 112,000 $ 37,333 $ 182,000
Pennington, South Dakota 3 $ 66,000 $ 22,000 $ 68,000
Lee, Florida 2 $ 62,000 $ 31,000 $ 134,000
Pinellas, Florida 2 $ 380,000 $ 190,000 $ 104,000
Ford, Illinois 2 $ 62,000 $ 31,000 $ 80,000
Lake, Illinois 2 $ 43,000 $ 21,500 $ 123,000
Macon, Illinois 2 $ 47,000 $ 23,500 $ 74,000
Piatt, Illinois 2 $ 59,000 $ 29,500 $ 77,000
Sangamon, Illinois 2 $ 44,000 $ 22,000 $ 52,000
DeKalb, Indiana 2 $ 45,000 $ 22,500 $ 74,000
Kosciusko, Indiana 2 $ 43,000 $ 21,500 $ 60,000
Monroe, Indiana 2 $ 42,000 $ 21,000 $ 63,000
Montgomery, Indiana 2 $ 125,000 $ 62,500 $ 75,000
Noble, Indiana 2 $ 66,000 $ 33,000 $ 72,000
Tippecanoe, Indiana 2 $ 238,000 $ 119,000 $ 76,000
Linn, Iowa 2 $ 66,000 $ 33,000 $ 66,000
Washington, Iowa 2 $ 38,000 $ 19,000 $ 68,000
Johnson, Kansas 2 $ 249,000 $ 124,500 $ 398,000
Boyd, Kentucky 2 $ 43,000 $ 21,500 $ 44,000
Pulaski, Kentucky 2 $ 41,000 $ 20,500 $ 40,000
Rockcastle, Kentucky 2 $ 23,000 $ 11,500 $ 64,000
Montgomery, Maryland 2 $ 111,000 $ 55,500 $ 118,000
Washtenaw, Michigan 2 $ 170,000 $ 85,000 $ 127,000
Camden, Missouri 2 $ 63,000 $ 31,500 $ 145,000
Butler, Ohio 2 $ 72,000 $ 36,000 $ 117,000
Clark, Ohio 2 $ 35,000 $ 17,500 $ 58,000
Defiance, Ohio 2 $ 44,000 $ 22,000 $ 51,000
Hamilton, Ohio 2 $ 32,000 $ 16,000 $ 56,000
Hancock, Ohio 2 $ 39,000 $ 19,500 $ 79,000
Huron, Ohio 2 $ 46,000 $ 23,000 $ 65,000
Lorain, Ohio 2 $ 67,000 $ 33,500 $ 92,000
Richland, Ohio 2 $ 72,000 $ 36,000 $ 84,000
Ross, Ohio 2 $ 39,000 $ 19,500 $ 37,000
Williams, Ohio 2 $ 37,000 $ 18,500 $ 60,000
Greenville, South Carolina 2 $ 88,000 $ 44,000 $ 217,000
Fairfax, Virginia 2 $ 125,000 $ 62,500 $ 200,000
Mingo, West Virginia 2 $ 34,000 $ 17,000 $ 80,000
Coconino, Arizona 1 $ 52,000 $ 52,000 $ 204,000
Mohave, Arizona 1 $ 493,000 $ 493,000 $ 200,000
Benton, Arkansas 1 $ 36,000 $ 36,000 $ 154,000
Douglas, Colorado 1 $ 45,000 $ 45,000 $ 105,000
Jefferson, Colorado 1 $ 55,000 $ 55,000 $ 168,000
Charlotte, Florida 1 $ 12,000 $ 12,000 $ 43,000
Martin, Florida 1 $ 222,000 $ 222,000 $ 176,000
Miami-Dade, Florida 1 $ 16,000 $ 16,000 $ 55,000
Volusia, Florida 1 $ 412,000 $ 412,000 $ 189,000
Boone, Illinois 1 $ 22,000 $ 22,000 $ 42,000
Iroquois, Illinois 1 $ 24,000 $ 24,000 $ 82,000
Kane, Illinois 1 $ 22,000 $ 22,000 $ 74,000
Lee, Illinois 1 $ 46,000 $ 46,000 $ 173,000
Logan, Illinois 1 $ 26,000 $ 26,000 $ 60,000
Marshall, Illinois 1 $ 27,000 $ 27,000 $ 86,000
Mercer, Illinois 1 $ 40,000 $ 40,000 $ 70,000
St. Clair, Illinois 1 $ 5,000 $ 5,000 $ 64,000
Vermilion, Illinois 1 $ 24,000 $ 24,000 $ 96,000
Will, Illinois 1 $ 30,000 $ 30,000 $ 109,000
Adams, Indiana 1 $ 33,000 $ 33,000 $ 115,000
Cass, Indiana 1 $ 25,000 $ 25,000 $ 138,000
Decatur, Indiana 1 $ 37,000 $ 37,000 $ 94,000
Delaware, Indiana 1 $ 89,000 $ 89,000 $ 37,000
Dubois, Indiana 1 $ 187,000 $ 187,000 $ 110,000
Grant, Indiana 1 $ 44,000 $ 44,000 $ 31,000
Hendricks, Indiana 1 $ 128,000 $ 128,000 $ 45,000
Knox, Indiana 1 $ 20,000 $ 20,000 $ 113,000
Marshall, Indiana 1 $ 19,000 $ 19,000 $ 52,000
Steuben, Indiana 1 $ 165,000 $ 165,000 $ 72,000
Tipton, Indiana 1 $ 20,000 $ 20,000 $ 127,000
Wells, Indiana 1 $ 44,000 $ 44,000 $ 99,000
Cedar, Iowa 1 $ 42,000 $ 42,000 $ 95,000
Jackson, Iowa 1 $ 40,000 $ 40,000 $ 80,000
Jefferson, Iowa 1 $ 18,000 $ 18,000 $ 27,000
Johnson, Iowa 1 $ 28,000 $ 28,000 $ 52,000
Barren, Kentucky 1 $ 24,000 $ 24,000 $ 79,000
Clark, Kentucky 1 $ 29,000 $ 29,000 $ 67,000
Cumberland, Kentucky 1 $ 15,000 $ 15,000 $ 83,000
Fayette, Kentucky 1 $ 24,000 $ 24,000 $ 32,000
Floyd, Kentucky 1 $ 18,000 $ 18,000 $ 52,000
Franklin, Kentucky 1 $ 34,000 $ 34,000 $ 112,000
Knott, Kentucky 1 $ 28,000 $ 28,000 $ 67,000
Laurel, Kentucky 1 $ 36,000 $ 36,000 $ 68,000
Madison, Kentucky 1 $ 25,000 $ 25,000 $ 71,000
Montgomery, Kentucky 1 $ 11,000 $ 11,000 $ 20,000
Scott, Kentucky 1 $ 30,000 $ 30,000 $ 64,000
Warren, Kentucky 1 $ 40,000 $ 40,000 $ 96,000
Prince George's, Maryland 1 $ 48,000 $ 48,000 $ 202,000
Norfolk, Massachusetts 1 $ 22,000 $ 22,000 $ 162,000
Kalamazoo, Michigan 1 $ 30,000 $ 30,000 $ 146,000
Anoka, Minnesota 1 $ 46,000 $ 46,000 $ 150,000
Wright, Minnesota 1 $ 31,000 $ 31,000 $ 152,000
Ray, Missouri 1 $ 45,000 $ 45,000 $ 290,000
Douglas, Nebraska 1 $ 29,000 $ 29,000 $ 70,000
Cape May, New Jersey 1 $ 105,000 $ 105,000 $ 465,000
Essex, New Jersey 1 $ 50,000 $ 50,000 $ 165,000
Middlesex, New Jersey 1 $ 49,000 $ 49,000 $ 122,000
Bernalillo, New Mexico 1 $ 70,000 $ 70,000 $ 110,000
Otero, New Mexico 1 $ 45,000 $ 45,000 $ 77,000
Santa Fe, New Mexico 1 $ 122,000 $ 122,000 $ 275,000
Rutherford, North Carolina 1 $ 50,000 $ 50,000 $ 89,000
Athens, Ohio 1 $ 18,000 $ 18,000 $ 30,000
Auglaize, Ohio 1 $ 57,000 $ 57,000 $ 140,000
Coshocton, Ohio 1 $ 27,000 $ 27,000 $ 86,000
Crawford, Ohio 1 $ 41,000 $ 41,000 $ 77,000
Cuyahoga, Ohio 1 $ 41,000 $ 41,000 $ 82,000
Fairfield, Ohio 1 $ 41,000 $ 41,000 $ 65,000
Hocking, Ohio 1 $ 21,000 $ 21,000 $ 106,000
Lucas, Ohio 1 $ 48,000 $ 48,000 $ 139,000
Marion, Ohio 1 $ 20,000 $ 20,000 $ 133,000
Miami, Ohio 1 $ 416,000 $ 416,000 $ 320,000
Morrow, Ohio 1 $ 50,000 $ 50,000 $ 152,000
Perry, Ohio 1 $ 23,000 $ 23,000 $ 53,000
Pickaway, Ohio 1 $ 25,000 $ 25,000 $ 87,000
Shelby, Ohio 1 $ 86,000 $ 86,000 $ 53,000
Summit, Ohio 1 $ 45,000 $ 45,000 $ 96,000
Warren, Ohio 1 $ 187,000 $ 187,000 $ 84,000
Canadian, Oklahoma 1 $ 30,000 $ 30,000 $ 69,000
Creek, Oklahoma 1 $ 28,000 $ 28,000 $ 58,000
Grady, Oklahoma 1 $ 24,000 $ 24,000 $ 102,000
Logan, Oklahoma 1 $ 37,000 $ 37,000 $ 155,000
Pittsburg, Oklahoma 1 $ 14,000 $ 14,000 $ 42,000
Sequoyah, Oklahoma 1 $ 147,000 $ 147,000 $ 384,000
Crawford, Pennsylvania 1 $ 168,000 $ 168,000 $ 62,000
Erie, Pennsylvania 1 $ 33,000 $ 33,000 $ 34,000
Lincoln, South Dakota 1 $ 47,000 $ 47,000 $ 116,000
Minnehaha, South Dakota 1 $ 46,000 $ 46,000 $ 93,000
Knox, Tennessee 1 $ 32,000 $ 32,000 $ 82,000
Harris, Texas 1 $ 29,000 $ 29,000 $ 72,000
Tarrant, Texas 1 $ 42,000 $ 42,000 $ 150,000
Wise, Texas 1 $ 29,000 $ 29,000 $ 79,000
Salt Lake, Utah 1 $ 50,000 $ 50,000 $ 230,000
Loudoun, Virginia 1 $ 50,000 $ 50,000 $ 136,000
Kanawha, West Virginia 1 $ 27,000 $ 27,000 $ 64,000

Mortgage Loan Application Detail Totals for First Bank Richmond, NA in 2008

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
Home Purchase 560 $28,260,000 $50,000 $820,000 $79,000 $768,000
Refinancing 366 $31,956,000 $87,000 $1,958,000 $83,000 $674,000
Home Improvement 71 $2,365,000 $33,000 $405,000 $67,000 $243,000

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 917 $58,253,000 $63,000 $1,958,000 $79,000 $768,000
Not Provided 23 $1,043,000 $45,000 $147,000 $136,000 $398,000
Hispanic 19 $648,000 $34,000 $70,000 $77,000 $204,000
Not applicable 18 $1,051,000 $58,000 $176,000 $0 $0
Black or African American 10 $348,000 $34,000 $60,000 $58,000 $112,000
Asian 6 $1,114,000 $185,000 $416,000 $197,000 $480,000
American Indian or Alaskan Native 3 $54,000 $18,000 $35,000 $107,000 $248,000
Native Hawaiian or Other Pacific Islander 1 $70,000 $70,000 $70,000 $51,000 $51,000

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) 997 $62,581,000 $62,000 $1,958,000 $79,000 $768,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $0 $0
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 719 $44,598,000 $62,000 $1,958,000 $80,000 $768,000
Application Denied By Financial Institution 113 $7,374,000 $65,000 $405,000 $73,000 $398,000
Application Approved But Not Accepted 86 $2,729,000 $31,000 $264,000 $94,000 $398,000
Application Withdrawn By Applicant 79 $7,880,000 $99,000 $585,000 $69,000 $538,000
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 63 $2,857,000 $45,000 $145,000 $69,000 $234,000
Debt-To-Income Ratio 26 $2,421,000 $93,000 $245,000 $56,000 $138,000
Collateral 6 $465,000 $77,000 $147,000 $118,000 $398,000
Unverifiable Information 5 $701,000 $140,000 $405,000 $136,000 $204,000
Mortgage Insurance Denied 4 $297,000 $74,000 $108,000 $52,000 $97,000
Other 4 $479,000 $119,000 $156,000 $145,000 $384,000
Employment History 4 $92,000 $23,000 $52,000 $54,000 $75,000
Insufficient Cash (Downpayment, Closing Cost) 1 $62,000 $62,000 $62,000 $38,000 $38,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into First Bank Richmond, NA's 2008 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 Richmond, NA'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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