First Farmers Bank & Trust Mortgage Lending & HMDA Data, 2004
In 2004, First Farmers Bank & Trust of Converse, IN reported 609 mortgage applications totaling $50.4 million, down 58% from 2003. The average application was for $82,730, and applicants reported an average income of $50,758. 84% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Kokomo, IN (205), Anderson, IN (59) and Indianapolis, IN (23) (applications in parentheses).
| Mortgage Company & Address | First Farmers Bank & Trust 123 N. Jefferson Street Converse, IN 46919 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 609 |
| Total Mortgage Loan Application Amount | $50,383,000 |
| Average Mortgage Loan Application Amount | $82,730 |
| Highest Mortgage Loan Application Amount | $335,000 |
| Average Applicant Income | $50,758 |
| Highest Applicant Income | $300,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Miami, Indiana | 148 | $ 10,713,000 | $ 72,385 | $ 58,000 |
| Howard, Indiana | 126 | $ 11,264,000 | $ 89,396 | $ 51,000 |
| Tipton, Indiana | 79 | $ 8,527,000 | $ 107,936 | $ 47,000 |
| Wabash, Indiana | 70 | $ 5,115,000 | $ 73,071 | $ 41,000 |
| Madison, Indiana | 59 | $ 4,061,000 | $ 68,830 | $ 41,000 |
| Cass, Indiana | 52 | $ 3,707,000 | $ 71,288 | $ 47,000 |
| Grant, Indiana | 34 | $ 2,470,000 | $ 72,647 | $ 43,000 |
| Hamilton, Indiana | 14 | $ 1,321,000 | $ 94,357 | $ 49,000 |
| Marion, Indiana | 5 | $ 316,000 | $ 63,200 | $ 43,000 |
| Boone, Indiana | 3 | $ 387,000 | $ 129,000 | $ 51,000 |
| Pulaski, Indiana | 3 | $ 434,000 | $ 144,666 | $ 97,000 |
| Delaware, Indiana | 2 | $ 445,000 | $ 222,500 | $ 23,000 |
| Henry, Indiana | 2 | $ 147,000 | $ 73,500 | $ 40,000 |
| Huntington, Indiana | 2 | $ 162,000 | $ 81,000 | $ 38,000 |
| Tippecanoe, Indiana | 2 | $ 271,000 | $ 135,500 | $ 58,000 |
| Brown, Indiana | 1 | $ 127,000 | $ 127,000 | $ 70,000 |
| Carroll, Indiana | 1 | $ 104,000 | $ 104,000 | $ 32,000 |
| Clinton, Indiana | 1 | $ 94,000 | $ 94,000 | $ 30,000 |
| Fulton, Indiana | 1 | $ 47,000 | $ 47,000 | $ 49,000 |
| Noble, Indiana | 1 | $ 16,000 | $ 16,000 | $ 18,000 |
| Vermillion, Indiana | 1 | $ 333,000 | $ 333,000 | $ 250,000 |
| White, Indiana | 1 | $ 57,000 | $ 57,000 | $ 30,000 |
| Loudoun, Virginia | 1 | $ 265,000 | $ 265,000 | $ 78,000 |
Mortgage Loan Application Detail Totals for First Farmers Bank & Trust in 2004
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 | 313 | $27,049,000 | $86,000 | $335,000 | $55,000 | $250,000 |
| Home Purchase | 247 | $21,647,000 | $175,500 | $317,000 | $62,000 | $300,000 |
| Home Improvement | 49 | $1,687,000 | $34,000 | $130,000 | $47,000 | $150,000 |
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 | 595 | $49,137,000 | $173,500 | $335,000 | $64,500 | $300,000 |
| Not applicable | 6 | $674,000 | $112,000 | $317,000 | $0 | $0 |
| Not Provided | 2 | $165,000 | $82,000 | $115,000 | $132,000 | $240,000 |
| American Indian or Alaskan Native | 2 | $32,000 | $16,000 | $24,000 | $22,000 | $25,000 |
| Hispanic | 2 | $285,000 | $142,000 | $224,000 | $59,000 | $90,000 |
| Asian | 1 | $42,000 | $42,000 | $42,000 | $16,000 | $16,000 |
| Black or African American | 1 | $48,000 | $48,000 | $48,000 | $45,000 | $45,000 |
| 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) | 609 | $50,383,000 | $173,500 | $335,000 | $63,500 | $300,000 |
| 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 | 514 | $43,685,000 | $174,500 | $335,000 | $66,000 | $300,000 |
| Application Denied By Financial Institution | 71 | $4,845,000 | $68,000 | $218,000 | $35,000 | $104,000 |
| Application Withdrawn By Applicant | 24 | $1,853,000 | $77,000 | $165,000 | $41,000 | $96,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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's 2004 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'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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