First Community Bank & Trust Mortgage Lending & HMDA Data, 2003
In 2003, First Community Bank & Trust of Franklin, IN reported 333 mortgage applications totaling $28.1 million. The average application was for $84,333, and applicants reported an average income of $53,417. 89% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Indianapolis, IN (170), Fort Lauderdale, FL (1) and Terre Haute, IN (1) (applications in parentheses).
| Mortgage Company & Address | First Community Bank & Trust 34 W Jefferson Street Franklin, IN 46131 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2003 |
| Total Number of Mortgage Applications | 333 |
| Total Mortgage Loan Application Amount | $28,083,000 |
| Average Mortgage Loan Application Amount | $84,333 |
| Highest Mortgage Loan Application Amount | $300,000 |
| Average Applicant Income | $53,417 |
| Highest Applicant Income | $332,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Community Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Johnson, Indiana | 135 | $ 12,088,000 | $ 89,540 | $ 58,000 |
| Marion, Indiana | 14 | $ 1,170,000 | $ 83,571 | $ 46,000 |
| Morgan, Indiana | 9 | $ 675,000 | $ 75,000 | $ 55,000 |
| Shelby, Indiana | 9 | $ 879,000 | $ 97,666 | $ 60,000 |
| Hendricks, Indiana | 2 | $ 289,000 | $ 144,500 | $ 71,000 |
| Broward, Florida | 1 | $ 240,000 | $ 240,000 | $ 332,000 |
| Hamilton, Indiana | 1 | $ 146,000 | $ 146,000 | $ 71,000 |
| Vermillion, Indiana | 1 | $ 40,000 | $ 40,000 | $ 117,000 |
Mortgage Loan Application Detail Totals for First Community Bank & Trust 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) | 287 | $24,377,000 | $84,000 | $300,000 | $53,000 | $263,000 |
| Home Purchase (one-to-four family) | 42 | $3,441,000 | $131,000 | $281,000 | $143,333 | $332,000 |
| Home Improvement (one-to-four family) | 4 | $265,000 | $66,000 | $128,000 | $40,000 | $78,000 |
| 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 | 321 | $26,998,000 | $135,666 | $300,000 | $146,666 | $332,000 |
| Information not provided by applicant in mail or telephone application | 11 | $1,021,000 | $87,500 | $185,000 | $46,000 | $75,000 |
| Asian or Pacific Islander | 1 | $64,000 | $64,000 | $64,000 | $42,000 | $42,000 |
| Black | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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) | 333 | $28,083,000 | $135,333 | $300,000 | $145,000 | $332,000 |
| 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 | 297 | $24,923,000 | $135,333 | $300,000 | $146,000 | $332,000 |
| Application Denied By Financial Institution | 25 | $2,074,000 | $79,500 | $185,000 | $44,000 | $74,000 |
| Application Approved But Not Accepted | 7 | $740,000 | $93,500 | $205,000 | $64,500 | $152,000 |
| Application Withdrawn By Applicant | 4 | $346,000 | $86,000 | $124,000 | $71,000 | $188,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 13 | $967,000 | $74,000 | $128,000 | $40,000 | $74,000 |
| Debt-To-Income Ratio | 6 | $594,000 | $67,000 | $185,000 | $57,000 | $68,000 |
| Collateral | 3 | $275,000 | $91,000 | $115,000 | $49,000 | $53,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $164,000 | $82,000 | $100,000 | $39,500 | $46,000 |
| Employment History | 1 | $74,000 | $74,000 | $74,000 | $54,000 | $54,000 |
| Credit Application Incomplete | 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 Community Bank & Trust'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 Community Bank & Trust'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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