First Farmers Bank & Trust Co. Mortgage Lending & HMDA Data, 2010
In 2010, First Farmers Bank & Trust Co. of Owenton, KY reported 117 mortgage applications totaling $7.3 million, down 23% from 2009. The average application was for $62,752, and applicants reported an average income of $64,102. 85% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Cincinnati-Middletown, OH-KY-IN (35), Louisville-Jefferson County, KY-IN (8) 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 | 117 |
| Total Mortgage Loan Application Amount | $7,342,000 |
| Average Mortgage Loan Application Amount | $62,752 |
| Highest Mortgage Loan Application Amount | $355,000 |
| Average Applicant Income | $64,102 |
| Highest Applicant Income | $528,000 |
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records First Farmers Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 60 | $ 3,080,000 | $ 51,333 | $ 51,000 |
| Gallatin, Kentucky | 29 | $ 1,867,000 | $ 64,379 | $ 74,000 |
| Carroll, Kentucky | 12 | $ 699,000 | $ 58,250 | $ 47,000 |
| Grant, Kentucky | 6 | $ 668,000 | $ 111,333 | $ 101,000 |
| Jefferson, Kentucky | 3 | $ 455,000 | $ 151,666 | $ 239,000 |
| Henry, Kentucky | 2 | $ 267,000 | $ 133,500 | $ 72,000 |
| Caldwell, Kentucky | 1 | $ 45,000 | $ 45,000 | $ 35,000 |
| Oldham, Kentucky | 1 | $ 82,000 | $ 82,000 | $ 43,000 |
| Scott, Kentucky | 1 | $ 124,000 | $ 124,000 | $ 152,000 |
| Shelby, Kentucky | 1 | $ 53,000 | $ 53,000 | $ 17,000 |
| Trimble, Kentucky | 1 | $ 2,000 | $ 2,000 | $ 23,000 |
Mortgage Loan Application Detail Totals for First Farmers Bank & Trust Co. in 2010
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 | 61 | $4,443,000 | $72,000 | $355,000 | $64,000 | $528,000 |
| Home Purchase | 34 | $2,589,000 | $76,000 | $215,000 | $76,000 | $359,000 |
| Home Improvement | 22 | $310,000 | $14,000 | $60,000 | $46,000 | $110,000 |
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 | 102 | $5,864,000 | $57,000 | $355,000 | $61,000 | $528,000 |
| Not Provided | 8 | $923,000 | $115,000 | $319,000 | $157,000 | $359,000 |
| Not applicable | 7 | $555,000 | $79,000 | $179,000 | $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 |
| 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) | 117 | $7,342,000 | $62,000 | $355,000 | $64,000 | $528,000 |
| 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 | 99 | $6,077,000 | $61,000 | $319,000 | $64,000 | $528,000 |
| Application Denied By Financial Institution | 13 | $452,000 | $34,000 | $105,000 | $43,000 | $87,000 |
| Application Withdrawn By Applicant | 5 | $813,000 | $162,000 | $355,000 | $111,000 | $266,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 7 | $165,000 | $23,000 | $85,000 | $47,000 | $87,000 |
| Debt-To-Income Ratio | 3 | $104,000 | $34,000 | $82,000 | $29,000 | $43,000 |
| Collateral | 1 | $74,000 | $74,000 | $74,000 | $43,000 | $43,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $105,000 | $105,000 | $105,000 | $34,000 | $34,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Farmers Bank & Trust Co.'s 2010 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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