First Farmers Bank & Trust Co. Mortgage Lending & HMDA Data, 2011
In 2011, First Farmers Bank & Trust Co. of Owenton, KY reported 122 mortgage applications totaling $8.9 million, up 4% from 2010. The average application was for $72,803, and applicants reported an average income of $56,696. 73% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Cincinnati-Middletown, OH-KY-IN (42) and Louisville-Jefferson County, KY-IN (6).
| 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 | 122 |
| Total Mortgage Loan Application Amount | $8,882,000 |
| Average Mortgage Loan Application Amount | $72,803 |
| Highest Mortgage Loan Application Amount | $600,000 |
| Average Applicant Income | $56,696 |
| Highest Applicant Income | $307,000 |
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records First Farmers Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Cincinnati-Middletown, OH-KY-IN | 42 | $ 3,464,000 | $ 82,476 | $ 62,000 |
| Louisville-Jefferson County, KY-IN | 6 | $ 1,171,000 | $ 195,166 | $ 70,000 |
Mortgage Loan Application Detail Totals for First Farmers Bank & Trust Co. in 2011
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 | 50 | $4,404,000 | $88,000 | $500,000 | $60,000 | $246,000 |
| Home Purchase | 47 | $4,124,000 | $87,000 | $600,000 | $61,000 | $307,000 |
| Home Improvement | 25 | $354,000 | $14,000 | $66,000 | $42,000 | $101,000 |
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 | 113 | $7,854,000 | $69,000 | $600,000 | $58,000 | $307,000 |
| Not applicable | 5 | $429,000 | $85,000 | $200,000 | $0 | $0 |
| Hispanic | 2 | $89,000 | $44,000 | $84,000 | $34,000 | $49,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $500,000 | $500,000 | $500,000 | $246,000 | $246,000 |
| Not Provided | 1 | $10,000 | $10,000 | $10,000 | $38,000 | $38,000 |
| 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 |
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) | 122 | $8,882,000 | $72,000 | $600,000 | $56,000 | $307,000 |
| 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 | 89 | $7,242,000 | $81,000 | $600,000 | $57,000 | $307,000 |
| Application Denied By Financial Institution | 25 | $1,149,000 | $45,000 | $160,000 | $54,000 | $154,000 |
| Application Withdrawn By Applicant | 8 | $491,000 | $61,000 | $227,000 | $54,000 | $92,000 |
| 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 | 17 | $911,000 | $53,000 | $160,000 | $59,000 | $154,000 |
| Debt-To-Income Ratio | 3 | $75,000 | $25,000 | $60,000 | $49,000 | $69,000 |
| Employment History | 2 | $29,000 | $14,000 | $21,000 | $21,000 | $24,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $39,000 | $39,000 | $39,000 | $71,000 | $71,000 |
| Other | 1 | $93,000 | $93,000 | $93,000 | $46,000 | $46,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Farmers Bank & Trust Co.'s 2011 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.
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