First Farmers Bank & Trust Mortgage Lending & HMDA Data, 2016
In 2016, First Farmers Bank & Trust of Converse, IN reported 1,139 mortgage applications totaling $129.7 million, up 9% from 2015. The average application was for $113,886, and applicants reported an average income of $65,240. 56% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Kokomo, IN (214), Terre Haute, IN (87) and Indianapolis-Carmel-Anderson, IN (82) (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 | 1,139 |
| Total Mortgage Loan Application Amount | $129,717,000 |
| Average Mortgage Loan Application Amount | $113,886 |
| Highest Mortgage Loan Application Amount | $2,426,000 |
| Average Applicant Income | $65,240 |
| Highest Applicant Income | $550,000 |
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records First Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 214 | $ 23,459,000 | $ 109,621 | $ 64,000 |
| Miami, Indiana | 114 | $ 11,262,000 | $ 98,789 | $ 65,000 |
| Grant, Indiana | 89 | $ 9,165,000 | $ 102,977 | $ 69,000 |
| Tipton, Indiana | 48 | $ 5,625,000 | $ 117,187 | $ 72,000 |
| Wabash, Indiana | 43 | $ 4,425,000 | $ 102,906 | $ 78,000 |
| Starke, Indiana | 40 | $ 4,843,000 | $ 121,075 | $ 65,000 |
| Cass, Indiana | 37 | $ 3,035,000 | $ 82,027 | $ 53,000 |
| Hamilton, Indiana | 35 | $ 6,910,000 | $ 197,428 | $ 133,000 |
| Vermilion, Illinois | 31 | $ 5,872,000 | $ 189,419 | $ 45,000 |
| Sullivan, Indiana | 30 | $ 2,971,000 | $ 99,033 | $ 68,000 |
| Vigo, Indiana | 30 | $ 4,046,000 | $ 134,866 | $ 59,000 |
| Madison, Indiana | 26 | $ 2,497,000 | $ 96,038 | $ 64,000 |
| Clay, Indiana | 20 | $ 1,867,000 | $ 93,350 | $ 59,000 |
| Edgar, Illinois | 19 | $ 1,545,000 | $ 81,315 | $ 65,000 |
| Carroll, Indiana | 18 | $ 2,263,000 | $ 125,722 | $ 106,000 |
| Fulton, Indiana | 13 | $ 1,083,000 | $ 83,307 | $ 53,000 |
| Huntington, Indiana | 10 | $ 1,239,000 | $ 123,900 | $ 71,000 |
| LaPorte, Indiana | 9 | $ 1,076,000 | $ 119,555 | $ 79,000 |
| Marshall, Indiana | 8 | $ 1,060,000 | $ 132,500 | $ 71,000 |
| Vermillion, Indiana | 7 | $ 424,000 | $ 60,571 | $ 31,000 |
| Jasper, Indiana | 6 | $ 1,244,000 | $ 207,333 | $ 114,000 |
| Allen, Indiana | 5 | $ 630,000 | $ 126,000 | $ 80,000 |
| Johnson, Indiana | 5 | $ 832,000 | $ 166,400 | $ 83,000 |
| Marion, Indiana | 5 | $ 2,850,000 | $ 570,000 | $ 60,000 |
| White, Indiana | 5 | $ 1,732,000 | $ 346,400 | $ 31,000 |
| Coles, Illinois | 4 | $ 261,000 | $ 65,250 | $ 45,000 |
| Boone, Indiana | 4 | $ 471,000 | $ 117,750 | $ 60,000 |
| Clinton, Indiana | 4 | $ 680,000 | $ 170,000 | $ 76,000 |
| Pulaski, Indiana | 4 | $ 292,000 | $ 73,000 | $ 63,000 |
| Tippecanoe, Indiana | 4 | $ 329,000 | $ 82,250 | $ 70,000 |
| Delaware, Indiana | 3 | $ 384,000 | $ 128,000 | $ 80,000 |
| Hendricks, Indiana | 3 | $ 443,000 | $ 147,666 | $ 49,000 |
| Kosciusko, Indiana | 3 | $ 359,000 | $ 119,666 | $ 110,000 |
| Porter, Indiana | 3 | $ 526,000 | $ 175,333 | $ 61,000 |
| Shelby, Indiana | 3 | $ 513,000 | $ 171,000 | $ 73,000 |
| Douglas, Georgia | 2 | $ 233,000 | $ 116,500 | $ 50,000 |
| Clark, Illinois | 2 | $ 177,000 | $ 88,500 | $ 27,000 |
| Cook, Illinois | 2 | $ 539,000 | $ 269,500 | $ 205,000 |
| Blackford, Indiana | 2 | $ 139,000 | $ 69,500 | $ 58,000 |
| Fountain, Indiana | 2 | $ 432,000 | $ 216,000 | $ 117,000 |
| Jackson, Indiana | 2 | $ 249,000 | $ 124,500 | $ 40,000 |
| Monroe, Indiana | 2 | $ 230,000 | $ 115,000 | $ 80,000 |
| Brevard, Florida | 1 | $ 79,000 | $ 79,000 | $ 40,000 |
| Charlotte, Florida | 1 | $ 150,000 | $ 150,000 | $ 107,000 |
| Hernando, Florida | 1 | $ 93,000 | $ 93,000 | $ 63,000 |
| Lee, Florida | 1 | $ 180,000 | $ 180,000 | $ 126,000 |
| Pasco, Florida | 1 | $ 279,000 | $ 279,000 | $ 168,000 |
| Santa Rosa, Florida | 1 | $ 237,000 | $ 237,000 | $ 95,000 |
| Carroll, Georgia | 1 | $ 120,000 | $ 120,000 | $ 51,000 |
| Douglas, Illinois | 1 | $ 59,000 | $ 59,000 | $ 35,000 |
| Iroquois, Illinois | 1 | $ 86,000 | $ 86,000 | $ 40,000 |
| Daviess, Indiana | 1 | $ 62,000 | $ 62,000 | $ 53,000 |
| Elkhart, Indiana | 1 | $ 195,000 | $ 195,000 | $ 105,000 |
| Greene, Indiana | 1 | $ 100,000 | $ 100,000 | $ 118,000 |
| Hancock, Indiana | 1 | $ 85,000 | $ 85,000 | $ 69,000 |
| Harrison, Indiana | 1 | $ 277,000 | $ 277,000 | $ 0 |
| Knox, Indiana | 1 | $ 194,000 | $ 194,000 | $ 89,000 |
| Lake, Indiana | 1 | $ 116,000 | $ 116,000 | $ 84,000 |
| St. Joseph, Indiana | 1 | $ 116,000 | $ 116,000 | $ 77,000 |
| Warren, Indiana | 1 | $ 187,000 | $ 187,000 | $ 218,000 |
| Wells, Indiana | 1 | $ 310,000 | $ 310,000 | $ 84,000 |
| Whitley, Indiana | 1 | $ 69,000 | $ 69,000 | $ 64,000 |
| Van Buren, Michigan | 1 | $ 164,000 | $ 164,000 | $ 83,000 |
| Clay, Missouri | 1 | $ 326,000 | $ 326,000 | $ 107,000 |
| Butler, Ohio | 1 | $ 309,000 | $ 309,000 | $ 120,000 |
| Fairfield, Ohio | 1 | $ 165,000 | $ 165,000 | $ 65,000 |
| Franklin, Ohio | 1 | $ 720,000 | $ 720,000 | $ 264,000 |
| Licking, Ohio | 1 | $ 200,000 | $ 200,000 | $ 91,000 |
| Warren, Ohio | 1 | $ 100,000 | $ 100,000 | $ 64,000 |
Mortgage Loan Application Detail Totals for First Farmers Bank & Trust in 2016
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 | 593 | $63,593,000 | $107,000 | $1,000,000 | $61,000 | $494,000 |
| Refinancing | 420 | $54,828,000 | $130,000 | $2,426,000 | $71,000 | $550,000 |
| Home Improvement | 126 | $11,296,000 | $89,000 | $248,000 | $66,000 | $262,000 |
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 | 1,084 | $119,394,000 | $110,000 | $2,426,000 | $66,000 | $550,000 |
| Hispanic | 20 | $1,721,000 | $86,000 | $233,000 | $57,000 | $160,000 |
| Not Provided | 12 | $1,226,000 | $102,000 | $384,000 | $25,000 | $281,000 |
| Not applicable | 10 | $5,744,000 | $574,000 | $1,551,000 | $0 | $0 |
| Asian | 6 | $1,064,000 | $177,000 | $351,000 | $137,000 | $268,000 |
| Black or African American | 5 | $289,000 | $57,000 | $77,000 | $40,000 | $85,000 |
| American Indian or Alaskan Native | 2 | $279,000 | $139,000 | $171,000 | $49,000 | $76,000 |
| Native Hawaiin 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) | 1,119 | $125,543,000 | $112,000 | $2,426,000 | $66,000 | $550,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 16 | $3,845,000 | $240,000 | $1,400,000 | $29,000 | $51,000 |
| FHA-insured (Federal Housing Administration) | 4 | $329,000 | $82,000 | $101,000 | $63,000 | $128,000 |
| 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 | 636 | $80,525,000 | $126,000 | $2,426,000 | $71,000 | $550,000 |
| Preapproval Denied by Financial Institution | 195 | $16,375,000 | $83,000 | $415,000 | $47,000 | $311,000 |
| Application Denied By Financial Institution | 162 | $16,111,000 | $99,000 | $326,000 | $57,000 | $318,000 |
| Application Approved But Not Accepted | 128 | $14,480,000 | $113,000 | $720,000 | $75,000 | $342,000 |
| Application Withdrawn By Applicant | 17 | $2,099,000 | $123,000 | $256,000 | $63,000 | $122,000 |
| Loan Purchased By The Institution | 1 | $127,000 | $127,000 | $127,000 | $137,000 | $137,000 |
| 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 2016 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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