First Farmers Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, First Farmers Bank & Trust of Converse, IN reported 1,274 mortgage applications totaling $131.8 million, up 94% from 2008. The average application was for $103,481, and applicants reported an average income of $69,158. 76% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Kokomo, IN (419), Indianapolis-Carmel, IN (85) and Anderson, IN (40) (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 | 1,274 |
| Total Mortgage Loan Application Amount | $131,836,000 |
| Average Mortgage Loan Application Amount | $103,481 |
| Highest Mortgage Loan Application Amount | $548,000 |
| Average Applicant Income | $69,158 |
| Highest Applicant Income | $500,000 |
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records First Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 288 | $ 30,752,000 | $ 106,777 | $ 72,000 |
| Miami, Indiana | 210 | $ 17,766,000 | $ 84,600 | $ 60,000 |
| Tipton, Indiana | 131 | $ 15,871,000 | $ 121,152 | $ 72,000 |
| Wabash, Indiana | 126 | $ 12,096,000 | $ 96,000 | $ 65,000 |
| Starke, Indiana | 92 | $ 9,130,000 | $ 99,239 | $ 60,000 |
| Cass, Indiana | 87 | $ 7,223,000 | $ 83,022 | $ 57,000 |
| Grant, Indiana | 71 | $ 6,684,000 | $ 94,140 | $ 72,000 |
| Hamilton, Indiana | 61 | $ 7,639,000 | $ 125,229 | $ 76,000 |
| Madison, Indiana | 40 | $ 3,722,000 | $ 93,050 | $ 73,000 |
| Marshall, Indiana | 29 | $ 3,196,000 | $ 110,206 | $ 57,000 |
| Huntington, Indiana | 25 | $ 2,507,000 | $ 100,280 | $ 58,000 |
| Boone, Indiana | 13 | $ 1,907,000 | $ 146,692 | $ 84,000 |
| Pulaski, Indiana | 12 | $ 1,453,000 | $ 121,083 | $ 70,000 |
| Carroll, Indiana | 11 | $ 1,201,000 | $ 109,181 | $ 75,000 |
| Wells, Indiana | 11 | $ 1,313,000 | $ 119,363 | $ 62,000 |
| Fulton, Indiana | 10 | $ 945,000 | $ 94,500 | $ 106,000 |
| Marion, Indiana | 8 | $ 1,041,000 | $ 130,125 | $ 95,000 |
| Kosciusko, Indiana | 7 | $ 1,009,000 | $ 144,142 | $ 110,000 |
| Clinton, Indiana | 5 | $ 431,000 | $ 86,200 | $ 58,000 |
| Allen, Indiana | 4 | $ 495,000 | $ 123,750 | $ 64,000 |
| Delaware, Indiana | 4 | $ 613,000 | $ 153,250 | $ 114,000 |
| Lake, Indiana | 3 | $ 242,000 | $ 80,666 | $ 56,000 |
| Lee, Florida | 2 | $ 477,000 | $ 238,500 | $ 207,000 |
| Hendricks, Indiana | 2 | $ 201,000 | $ 100,500 | $ 49,000 |
| Monroe, Indiana | 2 | $ 221,000 | $ 110,500 | $ 28,000 |
| Porter, Indiana | 2 | $ 372,000 | $ 186,000 | $ 110,000 |
| Los Angeles, California | 1 | $ 548,000 | $ 548,000 | $ 254,000 |
| Highlands, Florida | 1 | $ 200,000 | $ 200,000 | $ 85,000 |
| Kane, Illinois | 1 | $ 414,000 | $ 414,000 | $ 161,000 |
| Benton, Indiana | 1 | $ 135,000 | $ 135,000 | $ 175,000 |
| Brown, Indiana | 1 | $ 116,000 | $ 116,000 | $ 102,000 |
| Dubois, Indiana | 1 | $ 92,000 | $ 92,000 | $ 151,000 |
| Henry, Indiana | 1 | $ 80,000 | $ 80,000 | $ 57,000 |
| Jasper, Indiana | 1 | $ 140,000 | $ 140,000 | $ 57,000 |
| Montgomery, Indiana | 1 | $ 100,000 | $ 100,000 | $ 48,000 |
| Randolph, Indiana | 1 | $ 85,000 | $ 85,000 | $ 54,000 |
| Tippecanoe, Indiana | 1 | $ 129,000 | $ 129,000 | $ 172,000 |
| Vermillion, Indiana | 1 | $ 250,000 | $ 250,000 | $ 210,000 |
| Warren, Indiana | 1 | $ 242,000 | $ 242,000 | $ 130,000 |
| White, Indiana | 1 | $ 45,000 | $ 45,000 | $ 28,000 |
| Whitley, Indiana | 1 | $ 50,000 | $ 50,000 | $ 78,000 |
| Allegan, Michigan | 1 | $ 406,000 | $ 406,000 | $ 500,000 |
| Oakland, Michigan | 1 | $ 130,000 | $ 130,000 | $ 132,000 |
| Dauphin, Pennsylvania | 1 | $ 167,000 | $ 167,000 | $ 102,000 |
Mortgage Loan Application Detail Totals for First Farmers Bank & Trust in 2009
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 | 890 | $101,754,000 | $114,000 | $548,000 | $74,000 | $500,000 |
| Home Purchase | 291 | $24,300,000 | $83,000 | $396,000 | $56,000 | $281,000 |
| Home Improvement | 93 | $5,782,000 | $62,000 | $364,000 | $64,000 | $454,000 |
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 | 1,244 | $128,145,000 | $103,000 | $548,000 | $68,000 | $500,000 |
| Hispanic | 13 | $1,296,000 | $99,000 | $225,000 | $69,000 | $157,000 |
| Not Provided | 8 | $1,028,000 | $128,000 | $288,000 | $115,000 | $279,000 |
| Asian | 3 | $422,000 | $140,000 | $230,000 | $67,000 | $150,000 |
| Black or African American | 2 | $372,000 | $186,000 | $216,000 | $93,000 | $120,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $238,000 | $119,000 | $220,000 | $152,000 | $152,000 |
| American Indian or Alaskan Native | 2 | $335,000 | $167,000 | $235,000 | $101,000 | $151,000 |
| Not applicable | 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) | 1,202 | $125,844,000 | $104,000 | $548,000 | $71,000 | $500,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 64 | $5,253,000 | $82,000 | $175,000 | $41,000 | $85,000 |
| FHA-insured (Federal Housing Administration) | 8 | $739,000 | $92,000 | $212,000 | $43,000 | $64,000 |
| 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 | 963 | $102,420,000 | $106,000 | $548,000 | $72,000 | $500,000 |
| Application Withdrawn By Applicant | 163 | $16,846,000 | $103,000 | $284,000 | $66,000 | $244,000 |
| Application Denied By Financial Institution | 148 | $12,570,000 | $84,000 | $390,000 | $52,000 | $250,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 78 | $5,376,000 | $68,000 | $198,000 | $48,000 | $98,000 |
| Debt-To-Income Ratio | 35 | $3,393,000 | $96,000 | $390,000 | $42,000 | $173,000 |
| Collateral | 30 | $3,399,000 | $113,000 | $258,000 | $72,000 | $250,000 |
| Employment History | 3 | $222,000 | $74,000 | $105,000 | $45,000 | $62,000 |
| Mortgage Insurance Denied | 1 | $43,000 | $43,000 | $43,000 | $211,000 | $211,000 |
| Other | 1 | $137,000 | $137,000 | $137,000 | $79,000 | $79,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Farmers Bank & Trust's 2009 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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