First Farmers Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, First Farmers Bank & Trust of Converse, IN reported 656 mortgage applications totaling $64.5 million, up 37% from 2007. The average application was for $98,350, and applicants reported an average income of $64,560. 70% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Kokomo, IN (202), Indianapolis-Carmel, IN (50) and Anderson, IN (20) (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 | 656 |
| Total Mortgage Loan Application Amount | $64,518,000 |
| Average Mortgage Loan Application Amount | $98,350 |
| Highest Mortgage Loan Application Amount | $900,000 |
| Average Applicant Income | $64,560 |
| Highest Applicant Income | $482,000 |
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records First Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 144 | $ 14,315,000 | $ 99,409 | $ 64,000 |
| Miami, Indiana | 123 | $ 8,685,000 | $ 70,609 | $ 57,000 |
| Wabash, Indiana | 74 | $ 6,961,000 | $ 94,067 | $ 58,000 |
| Tipton, Indiana | 58 | $ 6,105,000 | $ 105,258 | $ 70,000 |
| Cass, Indiana | 44 | $ 3,288,000 | $ 74,727 | $ 68,000 |
| Starke, Indiana | 36 | $ 3,311,000 | $ 91,972 | $ 63,000 |
| Hamilton, Indiana | 33 | $ 3,812,000 | $ 115,515 | $ 69,000 |
| Grant, Indiana | 28 | $ 2,073,000 | $ 74,035 | $ 60,000 |
| Madison, Indiana | 20 | $ 2,139,000 | $ 106,950 | $ 82,000 |
| Huntington, Indiana | 19 | $ 1,730,000 | $ 91,052 | $ 59,000 |
| Marshall, Indiana | 17 | $ 2,662,000 | $ 156,588 | $ 67,000 |
| Boone, Indiana | 9 | $ 1,204,000 | $ 133,777 | $ 86,000 |
| Wells, Indiana | 6 | $ 1,399,000 | $ 233,166 | $ 80,000 |
| Kosciusko, Indiana | 5 | $ 1,397,000 | $ 279,400 | $ 112,000 |
| Marion, Indiana | 5 | $ 436,000 | $ 87,200 | $ 46,000 |
| Pulaski, Indiana | 5 | $ 311,000 | $ 62,200 | $ 51,000 |
| Carroll, Indiana | 4 | $ 793,000 | $ 198,250 | $ 63,000 |
| Fulton, Indiana | 4 | $ 643,000 | $ 160,750 | $ 74,000 |
| Tippecanoe, Indiana | 4 | $ 423,000 | $ 105,750 | $ 99,000 |
| Allen, Indiana | 2 | $ 93,000 | $ 46,500 | $ 43,000 |
| Hendricks, Indiana | 2 | $ 239,000 | $ 119,500 | $ 111,000 |
| White, Indiana | 2 | $ 208,000 | $ 104,000 | $ 106,000 |
| Maricopa, Arizona | 1 | $ 208,000 | $ 208,000 | $ 60,000 |
| Highlands, Florida | 1 | $ 200,000 | $ 200,000 | $ 97,000 |
| Lee, Florida | 1 | $ 417,000 | $ 417,000 | $ 235,000 |
| Bartholomew, Indiana | 1 | $ 200,000 | $ 200,000 | $ 0 |
| Blackford, Indiana | 1 | $ 265,000 | $ 265,000 | $ 61,000 |
| Clinton, Indiana | 1 | $ 75,000 | $ 75,000 | $ 42,000 |
| Jay, Indiana | 1 | $ 152,000 | $ 152,000 | $ 74,000 |
| LaGrange, Indiana | 1 | $ 111,000 | $ 111,000 | $ 96,000 |
| LaPorte, Indiana | 1 | $ 84,000 | $ 84,000 | $ 33,000 |
| Randolph, Indiana | 1 | $ 174,000 | $ 174,000 | $ 0 |
| Shelby, Indiana | 1 | $ 20,000 | $ 20,000 | $ 72,000 |
| Berrien, Michigan | 1 | $ 385,000 | $ 385,000 | $ 240,000 |
Mortgage Loan Application Detail Totals for First Farmers Bank & Trust in 2008
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 | 332 | $36,705,000 | $110,000 | $900,000 | $69,000 | $472,000 |
| Home Purchase | 263 | $23,155,000 | $88,000 | $560,000 | $57,000 | $482,000 |
| Home Improvement | 61 | $4,658,000 | $76,000 | $350,000 | $73,000 | $315,000 |
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 | 637 | $62,425,000 | $97,000 | $900,000 | $65,000 | $482,000 |
| Hispanic | 11 | $840,000 | $76,000 | $190,000 | $60,000 | $102,000 |
| Not applicable | 3 | $901,000 | $300,000 | $527,000 | $0 | $0 |
| Black or African American | 2 | $130,000 | $65,000 | $110,000 | $45,000 | $71,000 |
| Not Provided | 1 | $158,000 | $158,000 | $158,000 | $87,000 | $87,000 |
| American Indian or Alaskan Native | 1 | $36,000 | $36,000 | $36,000 | $31,000 | $31,000 |
| Asian | 1 | $28,000 | $28,000 | $28,000 | $21,000 | $21,000 |
| 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) | 616 | $60,634,000 | $98,000 | $900,000 | $66,000 | $482,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 36 | $3,356,000 | $93,000 | $527,000 | $37,000 | $68,000 |
| FHA-insured (Federal Housing Administration) | 4 | $528,000 | $132,000 | $190,000 | $59,000 | $62,000 |
| 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 | 461 | $46,383,000 | $100,000 | $560,000 | $68,000 | $482,000 |
| Application Denied By Financial Institution | 107 | $9,086,000 | $84,000 | $352,000 | $54,000 | $156,000 |
| Application Withdrawn By Applicant | 79 | $8,220,000 | $104,000 | $900,000 | $64,000 | $239,000 |
| Application Approved But Not Accepted | 9 | $829,000 | $92,000 | $235,000 | $58,000 | $107,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 55 | $4,737,000 | $86,000 | $352,000 | $58,000 | $141,000 |
| Debt-To-Income Ratio | 28 | $2,733,000 | $97,000 | $300,000 | $45,000 | $111,000 |
| Collateral | 15 | $1,031,000 | $68,000 | $160,000 | $51,000 | $85,000 |
| Employment History | 5 | $231,000 | $46,000 | $62,000 | $38,000 | $84,000 |
| Other | 2 | $207,000 | $103,000 | $113,000 | $112,000 | $156,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $72,000 | $72,000 | $72,000 | $31,000 | $31,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Farmers Bank & Trust's 2008 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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