First Farmers Bank & Trust Mortgage Lending & HMDA Data, 2023
In 2023, First Farmers Bank & Trust of Converse, IN reported 1,271 mortgage applications totaling $148.9 million, down 22% from 2022. The average application was for $117,179, and applicants reported an average income of $107,350. 61% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Kokomo, IN (191), Terre Haute, IN (133) and Indianapolis-Carmel-Anderson, IN (124) (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 | 1,271 |
| Total Mortgage Loan Application Amount | $148,935,000 |
| Average Mortgage Loan Application Amount | $117,179 |
| Highest Mortgage Loan Application Amount | $2,135,000 |
| Average Applicant Income | $107,350 |
| Highest Applicant Income | $2,811,000 |
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records First Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 191 | $ 17,345,000 | $ 90,811 | $ 108,000 |
| Grant, Indiana | 101 | $ 9,445,000 | $ 93,514 | $ 100,000 |
| Miami, Indiana | 97 | $ 7,615,000 | $ 78,505 | $ 85,000 |
| Cass, Indiana | 83 | $ 8,895,000 | $ 107,168 | $ 151,000 |
| Starke, Indiana | 62 | $ 5,570,000 | $ 89,838 | $ 82,000 |
| Vermilion, Illinois | 54 | $ 3,710,000 | $ 68,703 | $ 73,000 |
| Tipton, Indiana | 52 | $ 6,500,000 | $ 125,000 | $ 95,000 |
| Vigo, Indiana | 50 | $ 5,800,000 | $ 116,000 | $ 96,000 |
| Hamilton, Indiana | 48 | $ 10,890,000 | $ 226,875 | $ 194,000 |
| Madison, Indiana | 46 | $ 3,620,000 | $ 78,695 | $ 100,000 |
| Sullivan, Indiana | 45 | $ 3,435,000 | $ 76,333 | $ 89,000 |
| Wabash, Indiana | 45 | $ 3,045,000 | $ 67,666 | $ 122,000 |
| Tippecanoe, Indiana | 31 | $ 6,565,000 | $ 211,774 | $ 148,000 |
| Edgar, Illinois | 27 | $ 1,695,000 | $ 62,777 | $ 81,000 |
| Carroll, Indiana | 26 | $ 3,780,000 | $ 145,384 | $ 92,000 |
| Clay, Indiana | 26 | $ 3,140,000 | $ 120,769 | $ 92,000 |
| Boone, Indiana | 13 | $ 4,445,000 | $ 341,923 | $ 129,000 |
| Fulton, Indiana | 12 | $ 1,760,000 | $ 146,666 | $ 93,000 |
| Marshall, Indiana | 12 | $ 1,780,000 | $ 148,333 | $ 114,000 |
| Pulaski, Indiana | 11 | $ 755,000 | $ 68,636 | $ 111,000 |
| Iroquois, Illinois | 10 | $ 470,000 | $ 47,000 | $ 79,000 |
| Clinton, Indiana | 9 | $ 1,205,000 | $ 133,888 | $ 112,000 |
| Vermillion, Indiana | 9 | $ 1,085,000 | $ 120,555 | $ 95,000 |
| Delaware, Indiana | 6 | $ 970,000 | $ 161,666 | $ 191,000 |
| Coles, Illinois | 5 | $ 385,000 | $ 77,000 | $ 94,000 |
| Greene, Indiana | 5 | $ 715,000 | $ 143,000 | $ 87,000 |
| Marion, Indiana | 5 | $ 1,905,000 | $ 381,000 | $ 227,000 |
| Champaign, Illinois | 4 | $ 380,000 | $ 95,000 | $ 46,000 |
| Huntington, Indiana | 4 | $ 420,000 | $ 105,000 | $ 77,000 |
| Clark, Illinois | 3 | $ 205,000 | $ 68,333 | $ 90,000 |
| Blackford, Indiana | 3 | $ 515,000 | $ 171,666 | $ 86,000 |
| Brown, Indiana | 3 | $ 1,165,000 | $ 388,333 | $ 199,000 |
| Kosciusko, Indiana | 3 | $ 515,000 | $ 171,666 | $ 124,000 |
| Owen, Indiana | 3 | $ 255,000 | $ 85,000 | $ 75,000 |
| Parke, Indiana | 3 | $ 595,000 | $ 198,333 | $ 84,000 |
| Wells, Indiana | 3 | $ 1,155,000 | $ 385,000 | $ 123,000 |
| Ford, Illinois | 2 | $ 110,000 | $ 55,000 | $ 32,000 |
| Elkhart, Indiana | 2 | $ 450,000 | $ 225,000 | $ 61,000 |
| Fountain, Indiana | 2 | $ 420,000 | $ 210,000 | $ 63,000 |
| Hancock, Indiana | 2 | $ 260,000 | $ 130,000 | $ 247,000 |
| Hendricks, Indiana | 2 | $ 270,000 | $ 135,000 | $ 46,000 |
| LaPorte, Indiana | 2 | $ 60,000 | $ 30,000 | $ 41,000 |
| Morgan, Indiana | 2 | $ 500,000 | $ 250,000 | $ 70,000 |
| Putnam, Indiana | 2 | $ 330,000 | $ 165,000 | $ 77,000 |
| Warren, Indiana | 2 | $ 310,000 | $ 155,000 | $ 118,000 |
| Whitley, Indiana | 2 | $ 290,000 | $ 145,000 | $ 89,000 |
| Mobile, Alabama | 1 | $ 185,000 | $ 185,000 | $ 74,000 |
| Pinal, Arizona | 1 | $ 225,000 | $ 225,000 | $ 100,000 |
| Bay, Florida | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Broward, Florida | 1 | $ 255,000 | $ 255,000 | $ 1,068,000 |
| Palm Beach, Florida | 1 | $ 1,625,000 | $ 1,625,000 | $ 1,389,000 |
| Polk, Florida | 1 | $ 205,000 | $ 205,000 | $ 77,000 |
| Cook, Illinois | 1 | $ 1,455,000 | $ 1,455,000 | $ 0 |
| Kane, Illinois | 1 | $ 155,000 | $ 155,000 | $ 720,000 |
| Macon, Illinois | 1 | $ 145,000 | $ 145,000 | $ 82,000 |
| Allen, Indiana | 1 | $ 95,000 | $ 95,000 | $ 52,000 |
| Benton, Indiana | 1 | $ 95,000 | $ 95,000 | $ 93,000 |
| Franklin, Indiana | 1 | $ 195,000 | $ 195,000 | $ 356,000 |
| Henry, Indiana | 1 | $ 105,000 | $ 105,000 | $ 168,000 |
| Lake, Indiana | 1 | $ 145,000 | $ 145,000 | $ 255,000 |
| Lawrence, Indiana | 1 | $ 145,000 | $ 145,000 | $ 107,000 |
| Monroe, Indiana | 1 | $ 475,000 | $ 475,000 | $ 171,000 |
| Montgomery, Indiana | 1 | $ 115,000 | $ 115,000 | $ 40,000 |
| Porter, Indiana | 1 | $ 255,000 | $ 255,000 | $ 79,000 |
| Shelby, Indiana | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Washington, Indiana | 1 | $ 285,000 | $ 285,000 | $ 114,000 |
| White, Indiana | 1 | $ 25,000 | $ 25,000 | $ 88,000 |
| Ellis, Kansas | 1 | $ 205,000 | $ 205,000 | $ 1,560,000 |
| Clinton, Kentucky | 1 | $ 185,000 | $ 185,000 | $ 133,000 |
| Oldham, Kentucky | 1 | $ 305,000 | $ 305,000 | $ 70,000 |
| Russell, Kentucky | 1 | $ 105,000 | $ 105,000 | $ 133,000 |
| Benzie, Michigan | 1 | $ 305,000 | $ 305,000 | $ 77,000 |
| Berrien, Michigan | 1 | $ 55,000 | $ 55,000 | $ 126,000 |
| Mecosta, Michigan | 1 | $ 15,000 | $ 15,000 | $ 80,000 |
| Harrison, Mississippi | 1 | $ 105,000 | $ 105,000 | $ 232,000 |
| Lee, North Carolina | 1 | $ 75,000 | $ 75,000 | $ 54,000 |
| Summit, Ohio | 1 | $ 405,000 | $ 405,000 | $ 215,000 |
| Davidson, Tennessee | 1 | $ 215,000 | $ 215,000 | $ 106,000 |
Mortgage Loan Application Detail Totals for First Farmers Bank & Trust in 2023
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 | 526 | $96,630,000 | $183,000 | $2,135,000 | $112,000 | $2,811,000 |
| Cash-out Refinancing | 352 | $25,510,000 | $72,000 | $1,205,000 | $100,000 | $1,260,000 |
| Other Purpose | 181 | $9,265,000 | $51,000 | $455,000 | $102,000 | $375,000 |
| Home Improvement | 166 | $10,450,000 | $62,000 | $355,000 | $123,000 | $750,000 |
| Refinancing | 46 | $7,080,000 | $153,000 | $365,000 | $75,000 | $154,000 |
| 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 | 1,117 | $129,105,000 | $115,000 | $2,135,000 | $105,000 | $2,811,000 |
| Not Provided | 65 | $6,235,000 | $95,000 | $1,205,000 | $105,000 | $550,000 |
| Hispanic | 35 | $3,925,000 | $112,000 | $725,000 | $166,000 | $1,910,000 |
| Not applicable | 21 | $4,665,000 | $222,000 | $1,455,000 | $0 | $0 |
| Black or African American | 16 | $1,760,000 | $110,000 | $255,000 | $60,000 | $151,000 |
| Asian | 9 | $2,565,000 | $285,000 | $1,625,000 | $240,000 | $1,389,000 |
| American Indian or Alaskan Native | 4 | $190,000 | $47,000 | $75,000 | $90,000 | $126,000 |
| 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) | 1,268 | $148,590,000 | $117,000 | $2,135,000 | $107,000 | $2,811,000 |
| FHA-insured (Federal Housing Administration) | 1 | $125,000 | $125,000 | $125,000 | $31,000 | $31,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $95,000 | $95,000 | $95,000 | $524,000 | $524,000 |
| VA-guaranteed (Veterans Administration) | 1 | $125,000 | $125,000 | $125,000 | $64,000 | $64,000 |
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 | 769 | $95,285,000 | $123,000 | $2,135,000 | $117,000 | $2,811,000 |
| Application Denied By Financial Institution | 218 | $17,320,000 | $79,000 | $405,000 | $91,000 | $1,560,000 |
| Application Approved But Not Accepted | 151 | $18,375,000 | $121,000 | $525,000 | $108,000 | $900,000 |
| Preapproval Denied by Financial Institution | 67 | $9,385,000 | $140,000 | $455,000 | $66,000 | $471,000 |
| Preapproval Approved but not Accepted | 42 | $6,390,000 | $152,000 | $365,000 | $71,000 | $225,000 |
| Application Withdrawn By Applicant | 24 | $2,180,000 | $90,000 | $335,000 | $118,000 | $960,000 |
| 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 | 986 | $122,230,000 | $123,000 | $2,135,000 | $114,000 | $2,811,000 |
| Credit History | 147 | $12,785,000 | $86,000 | $455,000 | $96,000 | $1,260,000 |
| Debt-To-Income Ratio | 109 | $11,475,000 | $105,000 | $405,000 | $58,000 | $471,000 |
| Collateral | 14 | $1,120,000 | $80,000 | $285,000 | $101,000 | $213,000 |
| Other | 9 | $715,000 | $79,000 | $205,000 | $240,000 | $1,560,000 |
| Employment History | 3 | $255,000 | $85,000 | $165,000 | $35,000 | $60,000 |
| Credit Application Incomplete | 2 | $330,000 | $165,000 | $185,000 | $0 | $0 |
| Unverifiable Information | 1 | $25,000 | $25,000 | $25,000 | $58,000 | $58,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Farmers Bank & Trust's 2023 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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