First Farmers Bank & Trust Co. Mortgage Lending & HMDA Data, 2005
In 2005, First Farmers Bank & Trust Co. of Owenton, KY reported 79 mortgage applications totaling $6.6 million, down 6% from 2004. The average application was for $83,303, and applicants reported an average income of $64,645. 90% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Louisville, KY-IN (6) and Lexington-Fayette, KY (2).
| 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 | 79 |
| Total Mortgage Loan Application Amount | $6,581,000 |
| Average Mortgage Loan Application Amount | $83,303 |
| Highest Mortgage Loan Application Amount | $632,000 |
| Average Applicant Income | $64,645 |
| Highest Applicant Income | $497,000 |
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records First Farmers Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | $ 2,472,000 | $ 66,810 | $ 34,000 |
| Gallatin, Kentucky | 23 | $ 1,563,000 | $ 67,956 | $ 57,000 |
| Carroll, Kentucky | 5 | $ 477,000 | $ 95,400 | $ 122,000 |
| Grant, Kentucky | 4 | $ 150,000 | $ 37,500 | $ 20,000 |
| Henry, Kentucky | 4 | $ 227,000 | $ 56,750 | $ 74,000 |
| Boone, Kentucky | 2 | $ 710,000 | $ 355,000 | $ 180,000 |
| Fayette, Kentucky | 1 | $ 208,000 | $ 208,000 | $ 68,000 |
| Oldham, Kentucky | 1 | $ 69,000 | $ 69,000 | $ 9,000 |
| Scott, Kentucky | 1 | $ 632,000 | $ 632,000 | $ 0 |
| Trimble, Kentucky | 1 | $ 73,000 | $ 73,000 | $ 78,000 |
Mortgage Loan Application Detail Totals for First Farmers Bank & Trust Co. in 2005
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 | 36 | $2,866,000 | $79,000 | $570,000 | $73,000 | $295,000 |
| Home Purchase | 34 | $3,508,000 | $103,000 | $632,000 | $52,000 | $497,000 |
| Home Improvement | 9 | $207,000 | $23,000 | $55,000 | $79,000 | $125,000 |
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 | 76 | $5,829,000 | $76,000 | $570,000 | $71,000 | $497,000 |
| Not applicable | 2 | $687,000 | $343,000 | $632,000 | $0 | $0 |
| Not Provided | 1 | $65,000 | $65,000 | $65,000 | $41,000 | $41,000 |
| 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 |
| Hispanic | 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) | 79 | $6,581,000 | $83,000 | $632,000 | $64,000 | $497,000 |
| 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 | 71 | $6,170,000 | $86,000 | $632,000 | $74,000 | $497,000 |
| Application Denied By Financial Institution | 5 | $242,000 | $48,000 | $69,000 | $36,000 | $125,000 |
| Application Withdrawn By Applicant | 2 | $119,000 | $59,000 | $74,000 | $26,000 | $27,000 |
| Application Approved But Not Accepted | 1 | $50,000 | $50,000 | $50,000 | $53,000 | $53,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 2005 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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