First Farmers Bank & Trust Mortgage Lending & HMDA Data, 2018
In 2018, First Farmers Bank & Trust of Converse, IN reported 1,221 mortgage applications totaling $147.8 million, up 7% from 2017. The average application was for $121,085, and applicants reported an average income of $70,346. 48% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Kokomo, IN (154), Indianapolis-Carmel-Anderson, IN (70) and Terre Haute, IN (59) (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 | 1,221 |
| Total Mortgage Loan Application Amount | $147,845,000 |
| Average Mortgage Loan Application Amount | $121,085 |
| Highest Mortgage Loan Application Amount | $1,345,000 |
| Average Applicant Income | $70,346 |
| Highest Applicant Income | $1,151,000 |
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records First Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 154 | $ 17,820,000 | $ 115,714 | $ 73,000 |
| Miami, Indiana | 109 | $ 10,715,000 | $ 98,302 | $ 69,000 |
| Grant, Indiana | 100 | $ 12,170,000 | $ 121,700 | $ 66,000 |
| Tipton, Indiana | 52 | $ 6,690,000 | $ 128,653 | $ 69,000 |
| Wabash, Indiana | 43 | $ 5,685,000 | $ 132,209 | $ 67,000 |
| Cass, Indiana | 41 | $ 3,905,000 | $ 95,243 | $ 52,000 |
| Vermilion, Illinois | 30 | $ 1,800,000 | $ 60,000 | $ 53,000 |
| Hamilton, Indiana | 28 | $ 6,030,000 | $ 215,357 | $ 156,000 |
| Madison, Indiana | 26 | $ 3,060,000 | $ 117,692 | $ 72,000 |
| Vigo, Indiana | 26 | $ 3,340,000 | $ 128,461 | $ 69,000 |
| Starke, Indiana | 20 | $ 2,380,000 | $ 119,000 | $ 72,000 |
| Clay, Indiana | 19 | $ 2,325,000 | $ 122,368 | $ 95,000 |
| Carroll, Indiana | 17 | $ 1,875,000 | $ 110,294 | $ 98,000 |
| Edgar, Illinois | 14 | $ 2,020,000 | $ 144,285 | $ 115,000 |
| Sullivan, Indiana | 11 | $ 1,175,000 | $ 106,818 | $ 58,000 |
| Fulton, Indiana | 10 | $ 920,000 | $ 92,000 | $ 37,000 |
| LaPorte, Indiana | 10 | $ 1,460,000 | $ 146,000 | $ 71,000 |
| Marion, Indiana | 7 | $ 1,105,000 | $ 157,857 | $ 86,000 |
| Huntington, Indiana | 6 | $ 660,000 | $ 110,000 | $ 79,000 |
| Kosciusko, Indiana | 6 | $ 1,420,000 | $ 236,666 | $ 146,000 |
| Blackford, Indiana | 5 | $ 455,000 | $ 91,000 | $ 51,000 |
| Clinton, Indiana | 5 | $ 685,000 | $ 137,000 | $ 63,000 |
| Marshall, Indiana | 5 | $ 505,000 | $ 101,000 | $ 58,000 |
| Parke, Indiana | 5 | $ 625,000 | $ 125,000 | $ 54,000 |
| Allen, Indiana | 4 | $ 490,000 | $ 122,500 | $ 70,000 |
| Delaware, Indiana | 4 | $ 430,000 | $ 107,500 | $ 75,000 |
| Wells, Indiana | 4 | $ 580,000 | $ 145,000 | $ 54,000 |
| White, Indiana | 4 | $ 530,000 | $ 132,500 | $ 128,000 |
| Iroquois, Illinois | 3 | $ 285,000 | $ 95,000 | $ 51,000 |
| Greene, Indiana | 3 | $ 365,000 | $ 121,666 | $ 73,000 |
| Morgan, Indiana | 3 | $ 885,000 | $ 295,000 | $ 113,000 |
| Pulaski, Indiana | 3 | $ 185,000 | $ 61,666 | $ 57,000 |
| Tippecanoe, Indiana | 3 | $ 425,000 | $ 141,666 | $ 82,000 |
| Vermillion, Indiana | 3 | $ 95,000 | $ 31,666 | $ 38,000 |
| Collier, Florida | 2 | $ 920,000 | $ 460,000 | $ 223,000 |
| Osceola, Florida | 2 | $ 1,500,000 | $ 750,000 | $ 0 |
| Coles, Illinois | 2 | $ 130,000 | $ 65,000 | $ 49,000 |
| Douglas, Illinois | 2 | $ 150,000 | $ 75,000 | $ 61,000 |
| Boone, Indiana | 2 | $ 470,000 | $ 235,000 | $ 86,000 |
| Johnson, Indiana | 2 | $ 780,000 | $ 390,000 | $ 129,000 |
| Knox, Indiana | 2 | $ 340,000 | $ 170,000 | $ 56,000 |
| Noble, Indiana | 2 | $ 350,000 | $ 175,000 | $ 0 |
| Randolph, Indiana | 2 | $ 190,000 | $ 95,000 | $ 103,000 |
| Lee, Florida | 1 | $ 35,000 | $ 35,000 | $ 63,000 |
| Marion, Florida | 1 | $ 455,000 | $ 455,000 | $ 147,000 |
| Clark, Illinois | 1 | $ 105,000 | $ 105,000 | $ 92,000 |
| Cook, Illinois | 1 | $ 135,000 | $ 135,000 | $ 191,000 |
| Ogle, Illinois | 1 | $ 155,000 | $ 155,000 | $ 50,000 |
| Dubois, Indiana | 1 | $ 105,000 | $ 105,000 | $ 51,000 |
| Fountain, Indiana | 1 | $ 295,000 | $ 295,000 | $ 105,000 |
| Hendricks, Indiana | 1 | $ 245,000 | $ 245,000 | $ 82,000 |
| Lake, Indiana | 1 | $ 175,000 | $ 175,000 | $ 145,000 |
| Lawrence, Indiana | 1 | $ 105,000 | $ 105,000 | $ 56,000 |
| Montgomery, Indiana | 1 | $ 335,000 | $ 335,000 | $ 117,000 |
| Orange, Indiana | 1 | $ 45,000 | $ 45,000 | $ 57,000 |
| Owen, Indiana | 1 | $ 85,000 | $ 85,000 | $ 129,000 |
| Porter, Indiana | 1 | $ 695,000 | $ 695,000 | $ 0 |
| Shelby, Indiana | 1 | $ 115,000 | $ 115,000 | $ 55,000 |
| Warren, Indiana | 1 | $ 55,000 | $ 55,000 | $ 89,000 |
| Clinton, Kentucky | 1 | $ 115,000 | $ 115,000 | $ 279,000 |
| Metcalfe, Kentucky | 1 | $ 75,000 | $ 75,000 | $ 137,000 |
| Muskegon, Michigan | 1 | $ 55,000 | $ 55,000 | $ 29,000 |
| Beaufort, North Carolina | 1 | $ 205,000 | $ 205,000 | $ 165,000 |
| Allen, Ohio | 1 | $ 55,000 | $ 55,000 | $ 47,000 |
| Davidson, Tennessee | 1 | $ 305,000 | $ 305,000 | $ 468,000 |
| Wilson, Tennessee | 1 | $ 275,000 | $ 275,000 | $ 468,000 |
Mortgage Loan Application Detail Totals for First Farmers Bank & Trust in 2018
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 | 898 | $111,000,000 | $123,000 | $1,035,000 | $70,000 | $1,151,000 |
| Refinancing | 146 | $18,620,000 | $127,000 | $1,345,000 | $70,000 | $249,000 |
| Cash-out Refinancing | 145 | $14,965,000 | $103,000 | $385,000 | $73,000 | $249,000 |
| Home Improvement | 23 | $2,865,000 | $124,000 | $275,000 | $73,000 | $238,000 |
| Other Purpose | 9 | $395,000 | $43,000 | $95,000 | $61,000 | $165,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 1,120 | $131,240,000 | $117,000 | $495,000 | $70,000 | $1,151,000 |
| Hispanic | 38 | $3,410,000 | $89,000 | $385,000 | $57,000 | $194,000 |
| Not Provided | 25 | $3,895,000 | $155,000 | $325,000 | $86,000 | $238,000 |
| Not applicable | 15 | $5,975,000 | $398,000 | $1,345,000 | $0 | $0 |
| Black or African American | 12 | $1,290,000 | $107,000 | $225,000 | $59,000 | $180,000 |
| Asian | 9 | $1,795,000 | $199,000 | $455,000 | $131,000 | $567,000 |
| American Indian or Alaskan Native | 2 | $240,000 | $120,000 | $135,000 | $56,000 | $57,000 |
| 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) | 1,197 | $145,995,000 | $121,000 | $1,345,000 | $71,000 | $1,151,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 16 | $1,120,000 | $70,000 | $105,000 | $34,000 | $64,000 |
| VA-guaranteed (Veterans Administration) | 4 | $500,000 | $125,000 | $155,000 | $44,000 | $70,000 |
| FHA-insured (Federal Housing Administration) | 4 | $230,000 | $57,000 | $75,000 | $57,000 | $84,000 |
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 | 580 | $75,030,000 | $129,000 | $1,345,000 | $78,000 | $1,151,000 |
| Preapproval Approved but not Accepted | 228 | $31,070,000 | $136,000 | $495,000 | $72,000 | $567,000 |
| Preapproval Denied by Financial Institution | 167 | $14,495,000 | $86,000 | $455,000 | $44,000 | $168,000 |
| Application Approved But Not Accepted | 115 | $14,115,000 | $122,000 | $455,000 | $82,000 | $688,000 |
| Application Denied By Financial Institution | 112 | $11,030,000 | $98,000 | $455,000 | $55,000 | $415,000 |
| Application Withdrawn By Applicant | 19 | $2,105,000 | $110,000 | $235,000 | $75,000 | $200,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Not applicable | 942 | $122,320,000 | $129,000 | $1,345,000 | $77,000 | $1,151,000 |
| Credit History | 171 | $14,365,000 | $84,000 | $345,000 | $53,000 | $415,000 |
| Debt-To-Income Ratio | 77 | $8,255,000 | $107,000 | $455,000 | $35,000 | $168,000 |
| Collateral | 17 | $1,675,000 | $98,000 | $455,000 | $59,000 | $148,000 |
| Other | 8 | $850,000 | $106,000 | $175,000 | $64,000 | $165,000 |
| Credit Application Incomplete | 2 | $130,000 | $65,000 | $75,000 | $0 | $0 |
| Employment History | 2 | $100,000 | $50,000 | $65,000 | $32,000 | $41,000 |
| Unverifiable Information | 1 | $55,000 | $55,000 | $55,000 | $16,000 | $16,000 |
| Mortgage Insurance Denied | 1 | $95,000 | $95,000 | $95,000 | $52,000 | $52,000 |
| 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 2018 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.
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