First Farmers Bank & Trust Mortgage Lending & HMDA Data, 2014
In 2014, First Farmers Bank & Trust of Converse, IN reported 686 mortgage applications totaling $66.3 million, down 29% from 2013. The average application was for $96,690, and applicants reported an average income of $63,870. 48% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Kokomo, IN (115), Indianapolis-Carmel-Anderson, IN (56) and Terre Haute, IN (26) (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 | 686 |
| Total Mortgage Loan Application Amount | $66,330,000 |
| Average Mortgage Loan Application Amount | $96,690 |
| Highest Mortgage Loan Application Amount | $2,140,000 |
| Average Applicant Income | $63,870 |
| Highest Applicant Income | $826,000 |
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records First Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 115 | $ 10,696,000 | $ 93,008 | $ 68,000 |
| Miami, Indiana | 86 | $ 7,633,000 | $ 88,755 | $ 66,000 |
| Starke, Indiana | 42 | $ 3,027,000 | $ 72,071 | $ 57,000 |
| Grant, Indiana | 39 | $ 4,850,000 | $ 124,358 | $ 67,000 |
| Cass, Indiana | 35 | $ 3,253,000 | $ 92,942 | $ 74,000 |
| Wabash, Indiana | 35 | $ 3,938,000 | $ 112,514 | $ 66,000 |
| Tipton, Indiana | 29 | $ 2,959,000 | $ 102,034 | $ 91,000 |
| Madison, Indiana | 28 | $ 3,262,000 | $ 116,500 | $ 70,000 |
| Edgar, Illinois | 21 | $ 1,593,000 | $ 75,857 | $ 43,000 |
| Hamilton, Indiana | 11 | $ 1,389,000 | $ 126,272 | $ 58,000 |
| Vigo, Indiana | 10 | $ 1,033,000 | $ 103,300 | $ 75,000 |
| Huntington, Indiana | 8 | $ 723,000 | $ 90,375 | $ 49,000 |
| Vermillion, Indiana | 8 | $ 354,000 | $ 44,250 | $ 65,000 |
| Kosciusko, Indiana | 6 | $ 815,000 | $ 135,833 | $ 63,000 |
| Marion, Indiana | 6 | $ 572,000 | $ 95,333 | $ 57,000 |
| Sullivan, Indiana | 6 | $ 644,000 | $ 107,333 | $ 41,000 |
| Wells, Indiana | 6 | $ 647,000 | $ 107,833 | $ 81,000 |
| Clinton, Indiana | 5 | $ 374,000 | $ 74,800 | $ 91,000 |
| Boone, Indiana | 4 | $ 582,000 | $ 145,500 | $ 96,000 |
| Marshall, Indiana | 4 | $ 575,000 | $ 143,750 | $ 94,000 |
| Pulaski, Indiana | 4 | $ 329,000 | $ 82,250 | $ 55,000 |
| Bartholomew, Indiana | 3 | $ 381,000 | $ 127,000 | $ 83,000 |
| Morgan, Indiana | 3 | $ 321,000 | $ 107,000 | $ 68,000 |
| Randolph, Indiana | 3 | $ 379,000 | $ 126,333 | $ 109,000 |
| Coles, Illinois | 2 | $ 193,000 | $ 96,500 | $ 52,000 |
| Crawford, Illinois | 2 | $ 400,000 | $ 200,000 | $ 118,000 |
| Douglas, Illinois | 2 | $ 245,000 | $ 122,500 | $ 88,000 |
| Carroll, Indiana | 2 | $ 193,000 | $ 96,500 | $ 42,000 |
| Clay, Indiana | 2 | $ 220,000 | $ 110,000 | $ 64,000 |
| Fulton, Indiana | 2 | $ 411,000 | $ 205,500 | $ 159,000 |
| Hendricks, Indiana | 2 | $ 266,000 | $ 133,000 | $ 105,000 |
| Tippecanoe, Indiana | 2 | $ 155,000 | $ 77,500 | $ 75,000 |
| White, Indiana | 2 | $ 176,000 | $ 88,000 | $ 53,000 |
| Whitley, Indiana | 2 | $ 180,000 | $ 90,000 | $ 71,000 |
| Highlands, Florida | 1 | $ 102,000 | $ 102,000 | $ 50,000 |
| Clark, Illinois | 1 | $ 234,000 | $ 234,000 | $ 222,000 |
| Peoria, Illinois | 1 | $ 210,000 | $ 210,000 | $ 83,000 |
| St. Clair, Illinois | 1 | $ 59,000 | $ 59,000 | $ 52,000 |
| Allen, Indiana | 1 | $ 142,000 | $ 142,000 | $ 119,000 |
| Blackford, Indiana | 1 | $ 92,000 | $ 92,000 | $ 117,000 |
| Delaware, Indiana | 1 | $ 214,000 | $ 214,000 | $ 137,000 |
| Elkhart, Indiana | 1 | $ 114,000 | $ 114,000 | $ 56,000 |
| Fountain, Indiana | 1 | $ 170,000 | $ 170,000 | $ 131,000 |
| Hancock, Indiana | 1 | $ 240,000 | $ 240,000 | $ 140,000 |
| Johnson, Indiana | 1 | $ 60,000 | $ 60,000 | $ 54,000 |
| Lake, Indiana | 1 | $ 56,000 | $ 56,000 | $ 63,000 |
| LaPorte, Indiana | 1 | $ 45,000 | $ 45,000 | $ 54,000 |
| Parke, Indiana | 1 | $ 118,000 | $ 118,000 | $ 53,000 |
| Warren, Indiana | 1 | $ 40,000 | $ 40,000 | $ 48,000 |
| Kalamazoo, Michigan | 1 | $ 417,000 | $ 417,000 | $ 321,000 |
| Cass, Minnesota | 1 | $ 152,000 | $ 152,000 | $ 57,000 |
| Morrow, Ohio | 1 | $ 112,000 | $ 112,000 | $ 89,000 |
Mortgage Loan Application Detail Totals for First Farmers Bank & Trust in 2014
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 | 379 | $37,846,000 | $99,000 | $469,000 | $64,000 | $826,000 |
| Refinancing | 218 | $22,830,000 | $104,000 | $2,140,000 | $64,000 | $384,000 |
| Home Improvement | 89 | $5,654,000 | $63,000 | $246,000 | $63,000 | $450,000 |
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 | 627 | $57,858,000 | $92,000 | $598,000 | $66,000 | $826,000 |
| Not Provided | 39 | $3,266,000 | $83,000 | $308,000 | $43,000 | $144,000 |
| Hispanic | 9 | $1,356,000 | $150,000 | $220,000 | $65,000 | $123,000 |
| Not applicable | 7 | $3,502,000 | $500,000 | $2,140,000 | $0 | $0 |
| Black or African American | 3 | $332,000 | $110,000 | $171,000 | $47,000 | $57,000 |
| American Indian or Alaskan Native | 1 | $16,000 | $16,000 | $16,000 | $45,000 | $45,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 663 | $64,344,000 | $97,000 | $2,140,000 | $65,000 | $826,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 17 | $1,074,000 | $63,000 | $104,000 | $31,000 | $59,000 |
| VA-guaranteed (Veterans Administration) | 5 | $712,000 | $142,000 | $252,000 | $48,000 | $58,000 |
| FHA-insured (Federal Housing Administration) | 1 | $200,000 | $200,000 | $200,000 | $58,000 | $58,000 |
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 | 329 | $35,288,000 | $107,000 | $2,140,000 | $75,000 | $826,000 |
| Application Denied By Financial Institution | 135 | $11,439,000 | $84,000 | $257,000 | $54,000 | $201,000 |
| Preapproval Denied by Financial Institution | 131 | $10,985,000 | $83,000 | $333,000 | $41,000 | $144,000 |
| Application Withdrawn By Applicant | 83 | $8,018,000 | $96,000 | $404,000 | $72,000 | $247,000 |
| Loan Purchased By The Institution | 5 | $445,000 | $89,000 | $124,000 | $31,000 | $43,000 |
| Application Approved But Not Accepted | 3 | $155,000 | $51,000 | $60,000 | $62,000 | $128,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 2014 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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