First Farmers Bank & Trust Mortgage Lending & HMDA Data, 2005
In 2005, First Farmers Bank & Trust of Converse, IN reported 515 mortgage applications totaling $42.9 million, down 15% from 2004. The average application was for $83,308, and applicants reported an average income of $58,947. 78% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Kokomo, IN (180), Anderson, IN (53) and Indianapolis, IN (22) (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 | 515 |
| Total Mortgage Loan Application Amount | $42,904,000 |
| Average Mortgage Loan Application Amount | $83,308 |
| Highest Mortgage Loan Application Amount | $518,000 |
| Average Applicant Income | $58,947 |
| Highest Applicant Income | $504,000 |
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records First Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Howard, Indiana | 112 | $ 10,167,000 | $ 90,776 | $ 52,000 |
| Miami, Indiana | 112 | $ 7,507,000 | $ 67,026 | $ 41,000 |
| Tipton, Indiana | 68 | $ 6,999,000 | $ 102,926 | $ 51,000 |
| Madison, Indiana | 53 | $ 3,217,000 | $ 60,698 | $ 51,000 |
| Wabash, Indiana | 52 | $ 3,832,000 | $ 73,692 | $ 40,000 |
| Cass, Indiana | 44 | $ 3,842,000 | $ 87,318 | $ 43,000 |
| Grant, Indiana | 27 | $ 1,621,000 | $ 60,037 | $ 43,000 |
| Hamilton, Indiana | 12 | $ 1,776,000 | $ 148,000 | $ 124,000 |
| Marion, Indiana | 3 | $ 280,000 | $ 93,333 | $ 52,000 |
| Boone, Indiana | 2 | $ 128,000 | $ 64,000 | $ 99,000 |
| Carroll, Indiana | 2 | $ 122,000 | $ 61,000 | $ 50,000 |
| Clinton, Indiana | 2 | $ 201,000 | $ 100,500 | $ 39,000 |
| Manatee, Florida | 1 | $ 54,000 | $ 54,000 | $ 100,000 |
| Brown, Indiana | 1 | $ 132,000 | $ 132,000 | $ 103,000 |
| Delaware, Indiana | 1 | $ 146,000 | $ 146,000 | $ 39,000 |
| Fulton, Indiana | 1 | $ 78,000 | $ 78,000 | $ 29,000 |
| Hancock, Indiana | 1 | $ 132,000 | $ 132,000 | $ 111,000 |
| Huntington, Indiana | 1 | $ 69,000 | $ 69,000 | $ 32,000 |
| Jackson, Indiana | 1 | $ 28,000 | $ 28,000 | $ 100,000 |
| Jennings, Indiana | 1 | $ 18,000 | $ 18,000 | $ 0 |
| Johnson, Indiana | 1 | $ 152,000 | $ 152,000 | $ 66,000 |
| Montgomery, Indiana | 1 | $ 80,000 | $ 80,000 | $ 46,000 |
| Morgan, Indiana | 1 | $ 161,000 | $ 161,000 | $ 52,000 |
| Perry, Indiana | 1 | $ 160,000 | $ 160,000 | $ 57,000 |
| Pulaski, Indiana | 1 | $ 72,000 | $ 72,000 | $ 111,000 |
| Putnam, Indiana | 1 | $ 210,000 | $ 210,000 | $ 200,000 |
| Warren, Indiana | 1 | $ 280,000 | $ 280,000 | $ 130,000 |
| White, Indiana | 1 | $ 360,000 | $ 360,000 | $ 139,000 |
| Jackson, Michigan | 1 | $ 148,000 | $ 148,000 | $ 87,000 |
| Oakland, Michigan | 1 | $ 159,000 | $ 159,000 | $ 48,000 |
| Dauphin, Pennsylvania | 1 | $ 175,000 | $ 175,000 | $ 86,000 |
Mortgage Loan Application Detail Totals for First Farmers Bank & Trust 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 226 | $21,211,000 | $112,000 | $360,000 | $70,800 | $206,000 |
| Refinancing | 219 | $18,681,000 | $85,000 | $518,000 | $67,000 | $504,000 |
| Home Improvement | 70 | $3,012,000 | $43,000 | $161,000 | $43,000 | $138,000 |
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 | 499 | $41,017,000 | $109,600 | $360,000 | $70,400 | $231,000 |
| Hispanic | 7 | $1,103,000 | $157,000 | $518,000 | $121,000 | $504,000 |
| Not applicable | 5 | $435,000 | $87,000 | $146,000 | $45,000 | $190,000 |
| Black or African American | 3 | $281,000 | $93,000 | $225,000 | $56,000 | $96,000 |
| Not Provided | 1 | $68,000 | $68,000 | $68,000 | $32,000 | $32,000 |
| 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 |
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) | 514 | $42,886,000 | $110,000 | $518,000 | $71,000 | $504,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $18,000 | $18,000 | $18,000 | $19,000 | $19,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 401 | $35,269,000 | $117,250 | $518,000 | $80,500 | $504,000 |
| Application Denied By Financial Institution | 78 | $4,818,000 | $78,500 | $160,000 | $40,000 | $120,000 |
| Application Withdrawn By Applicant | 28 | $2,144,000 | $69,500 | $220,000 | $49,500 | $82,000 |
| Preapproval Denied by Financial Institution | 4 | $342,000 | $85,000 | $169,000 | $39,000 | $75,000 |
| File Closed For Incompleteness | 3 | $232,000 | $77,000 | $83,000 | $29,000 | $32,000 |
| Application Approved But Not Accepted | 1 | $99,000 | $99,000 | $99,000 | $62,000 | $62,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 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'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 Indiana, download the full spreadsheet
with aggregated HMDA statistics today.
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