First Farmers Bank & Trust Co. Mortgage Lending & HMDA Data, 2016
In 2016, First Farmers Bank & Trust Co. of Owenton, KY reported 84 mortgage applications totaling $7.7 million, down 21% from 2015. The average application was for $91,166, and applicants reported an average income of $63,440. 74% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Cincinnati, OH-KY-IN (32), Louisville/Jefferson County, KY-IN (4) and Lexington-Fayette, KY (1) (applications in parentheses).
| Mortgage Company & Address | First Farmers Bank & Trust Co. 127 North Thomas St./Po Box 188 Owenton, KY 40359 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 | 84 |
| Total Mortgage Loan Application Amount | $7,658,000 |
| Average Mortgage Loan Application Amount | $91,166 |
| Highest Mortgage Loan Application Amount | $605,000 |
| Average Applicant Income | $63,440 |
| Highest Applicant Income | $254,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Farmers Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Owen, Kentucky | 37 | $ 2,798,000 | $ 75,621 | $ 52,000 |
| Gallatin, Kentucky | 18 | $ 1,216,000 | $ 67,555 | $ 68,000 |
| Grant, Kentucky | 9 | $ 749,000 | $ 83,222 | $ 76,000 |
| Boone, Kentucky | 5 | $ 1,434,000 | $ 286,800 | $ 88,000 |
| Carroll, Kentucky | 4 | $ 315,000 | $ 78,750 | $ 61,000 |
| Switzerland, Indiana | 3 | $ 113,000 | $ 37,666 | $ 54,000 |
| Franklin, Kentucky | 3 | $ 99,000 | $ 33,000 | $ 108,000 |
| Jefferson, Kentucky | 2 | $ 805,000 | $ 402,500 | $ 55,000 |
| Henry, Kentucky | 1 | $ 84,000 | $ 84,000 | $ 139,000 |
| Scott, Kentucky | 1 | $ 38,000 | $ 38,000 | $ 49,000 |
| Trimble, Kentucky | 1 | $ 7,000 | $ 7,000 | $ 37,000 |
Mortgage Loan Application Detail Totals for First Farmers Bank & Trust Co. in 2016
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 | 41 | $4,611,000 | $112,000 | $605,000 | $68,000 | $223,000 |
| Refinancing | 28 | $2,814,000 | $100,000 | $368,000 | $57,000 | $254,000 |
| Home Improvement | 15 | $233,000 | $15,000 | $46,000 | $63,000 | $160,000 |
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 | 75 | $6,522,000 | $86,000 | $605,000 | $66,000 | $254,000 |
| Not applicable | 5 | $862,000 | $172,000 | $355,000 | $0 | $0 |
| Not Provided | 2 | $205,000 | $102,000 | $136,000 | $143,000 | $223,000 |
| Hispanic | 2 | $69,000 | $34,000 | $44,000 | $37,000 | $40,000 |
| Native Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 84 | $7,658,000 | $91,000 | $605,000 | $63,000 | $254,000 |
| 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 | 62 | $6,012,000 | $96,000 | $605,000 | $64,000 | $254,000 |
| Application Denied By Financial Institution | 12 | $914,000 | $76,000 | $300,000 | $52,000 | $109,000 |
| Application Approved But Not Accepted | 10 | $732,000 | $73,000 | $128,000 | $72,000 | $195,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| 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 Farmers Bank & Trust Co.'s 2016 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 Farmers Bank & Trust Co.'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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