First Farmers Bank & Trust Co. Mortgage Lending & HMDA Data, 2015
In 2015, First Farmers Bank & Trust Co. of Owenton, KY reported 107 mortgage applications totaling $9.1 million, up 34% from 2014. The average application was for $85,186, and applicants reported an average income of $68,616. 84% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Cincinnati, OH-KY-IN (40) and Louisville/Jefferson County, KY-IN (8).
| 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 | 107 |
| Total Mortgage Loan Application Amount | $9,115,000 |
| Average Mortgage Loan Application Amount | $85,186 |
| Highest Mortgage Loan Application Amount | $700,000 |
| Average Applicant Income | $68,616 |
| Highest Applicant Income | $1,000,000 |
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records First Farmers Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 52 | $ 3,830,000 | $ 73,653 | $ 55,000 |
| Gallatin, Kentucky | 34 | $ 2,615,000 | $ 76,911 | $ 66,000 |
| Carroll, Kentucky | 5 | $ 269,000 | $ 53,800 | $ 75,000 |
| Boone, Kentucky | 4 | $ 351,000 | $ 87,750 | $ 65,000 |
| Henry, Kentucky | 3 | $ 316,000 | $ 105,333 | $ 65,000 |
| Jefferson, Kentucky | 3 | $ 1,361,000 | $ 453,666 | $ 44,000 |
| Switzerland, Indiana | 2 | $ 195,000 | $ 97,500 | $ 534,000 |
| Grant, Kentucky | 2 | $ 164,000 | $ 82,000 | $ 64,000 |
| Oldham, Kentucky | 1 | $ 8,000 | $ 8,000 | $ 79,000 |
| Trimble, Kentucky | 1 | $ 6,000 | $ 6,000 | $ 37,000 |
Mortgage Loan Application Detail Totals for First Farmers Bank & Trust Co. in 2015
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 | 52 | $4,570,000 | $87,000 | $479,000 | $76,000 | $1,000,000 |
| Refinancing | 35 | $4,236,000 | $121,000 | $700,000 | $58,000 | $147,000 |
| Home Improvement | 20 | $309,000 | $15,000 | $80,000 | $68,000 | $223,000 |
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 | 98 | $7,124,000 | $72,000 | $335,000 | $75,000 | $1,000,000 |
| Not applicable | 8 | $1,976,000 | $247,000 | $700,000 | $0 | $0 |
| Black or African American | 1 | $15,000 | $15,000 | $15,000 | $60,000 | $60,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian 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 |
| Not Provided | 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) | 107 | $9,115,000 | $85,000 | $700,000 | $69,000 | $1,000,000 |
| 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 | 90 | $8,233,000 | $91,000 | $700,000 | $73,000 | $1,000,000 |
| Application Denied By Financial Institution | 12 | $576,000 | $48,000 | $115,000 | $46,000 | $88,000 |
| Application Approved But Not Accepted | 3 | $166,000 | $55,000 | $87,000 | $72,000 | $92,000 |
| Application Withdrawn By Applicant | 2 | $140,000 | $70,000 | $100,000 | $27,000 | $54,000 |
| 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 2015 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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