First Farmers Bank & Trust Mortgage Lending & HMDA Data, 2024
In 2024, First Farmers Bank & Trust of Converse, IN reported 1,362 mortgage applications totaling $258.7 million, up 7% from 2023. The average application was for $189,904, and applicants reported an average income of $118,350. 59% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Indianapolis-Carmel-Anderson, IN (200), Kokomo, IN (196) and Terre Haute, IN (127) (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 | 1,362 |
| Total Mortgage Loan Application Amount | $258,650,000 |
| Average Mortgage Loan Application Amount | $189,904 |
| Highest Mortgage Loan Application Amount | $22,755,000 |
| Average Applicant Income | $118,350 |
| Highest Applicant Income | $4,518,000 |
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records First Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 196 | $ 23,790,000 | $ 121,377 | $ 122,000 |
| Miami, Indiana | 117 | $ 12,005,000 | $ 102,606 | $ 91,000 |
| Grant, Indiana | 82 | $ 8,770,000 | $ 106,951 | $ 127,000 |
| Starke, Indiana | 66 | $ 5,580,000 | $ 84,545 | $ 80,000 |
| Cass, Indiana | 65 | $ 5,985,000 | $ 92,076 | $ 91,000 |
| Tipton, Indiana | 64 | $ 10,210,000 | $ 159,531 | $ 119,000 |
| Vigo, Indiana | 55 | $ 8,095,000 | $ 147,181 | $ 103,000 |
| Vermilion, Illinois | 53 | $ 3,685,000 | $ 69,528 | $ 88,000 |
| Madison, Indiana | 51 | $ 7,565,000 | $ 148,333 | $ 91,000 |
| Hamilton, Indiana | 41 | $ 14,195,000 | $ 346,219 | $ 335,000 |
| Sullivan, Indiana | 37 | $ 4,425,000 | $ 119,594 | $ 85,000 |
| Wabash, Indiana | 37 | $ 2,745,000 | $ 74,189 | $ 80,000 |
| Tippecanoe, Indiana | 33 | $ 9,945,000 | $ 301,363 | $ 186,000 |
| Clay, Indiana | 26 | $ 2,680,000 | $ 103,076 | $ 87,000 |
| Carroll, Indiana | 19 | $ 2,245,000 | $ 118,157 | $ 136,000 |
| Edgar, Illinois | 15 | $ 1,405,000 | $ 93,666 | $ 100,000 |
| Huntington, Indiana | 13 | $ 2,035,000 | $ 156,538 | $ 90,000 |
| Boone, Indiana | 12 | $ 2,180,000 | $ 181,666 | $ 104,000 |
| Fulton, Indiana | 11 | $ 3,105,000 | $ 282,272 | $ 128,000 |
| Morgan, Indiana | 10 | $ 3,390,000 | $ 339,000 | $ 141,000 |
| Clinton, Indiana | 9 | $ 1,305,000 | $ 145,000 | $ 250,000 |
| Kosciusko, Indiana | 9 | $ 12,465,000 | $ 1,385,000 | $ 300,000 |
| Vermillion, Indiana | 9 | $ 1,165,000 | $ 129,444 | $ 78,000 |
| Hendricks, Indiana | 8 | $ 2,430,000 | $ 303,750 | $ 192,000 |
| Marion, Indiana | 8 | $ 35,330,000 | $ 4,416,250 | $ 134,000 |
| Marshall, Indiana | 7 | $ 2,485,000 | $ 355,000 | $ 119,000 |
| Blackford, Indiana | 6 | $ 850,000 | $ 141,666 | $ 99,000 |
| Pulaski, Indiana | 6 | $ 250,000 | $ 41,666 | $ 84,000 |
| Clark, Illinois | 5 | $ 915,000 | $ 183,000 | $ 62,000 |
| Wells, Indiana | 5 | $ 2,135,000 | $ 427,000 | $ 176,000 |
| White, Indiana | 5 | $ 765,000 | $ 153,000 | $ 145,000 |
| Coles, Illinois | 4 | $ 230,000 | $ 57,500 | $ 38,000 |
| Iroquois, Illinois | 4 | $ 450,000 | $ 112,500 | $ 116,000 |
| Delaware, Indiana | 4 | $ 640,000 | $ 160,000 | $ 194,000 |
| Fountain, Indiana | 4 | $ 620,000 | $ 155,000 | $ 80,000 |
| LaPorte, Indiana | 4 | $ 500,000 | $ 125,000 | $ 29,000 |
| Montgomery, Indiana | 4 | $ 10,010,000 | $ 2,502,500 | $ 66,000 |
| Owen, Indiana | 4 | $ 580,000 | $ 145,000 | $ 78,000 |
| Parke, Indiana | 4 | $ 500,000 | $ 125,000 | $ 85,000 |
| Lee, Florida | 3 | $ 1,175,000 | $ 391,666 | $ 327,000 |
| Greene, Indiana | 3 | $ 305,000 | $ 101,666 | $ 91,000 |
| Putnam, Indiana | 3 | $ 385,000 | $ 128,333 | $ 108,000 |
| Randolph, Indiana | 3 | $ 145,000 | $ 48,333 | $ 84,000 |
| Warren, Indiana | 3 | $ 475,000 | $ 158,333 | $ 93,000 |
| Allen, Indiana | 2 | $ 420,000 | $ 210,000 | $ 550,000 |
| Jay, Indiana | 2 | $ 190,000 | $ 95,000 | $ 66,000 |
| Johnson, Indiana | 2 | $ 490,000 | $ 245,000 | $ 84,000 |
| LaGrange, Indiana | 2 | $ 250,000 | $ 125,000 | $ 83,000 |
| Shelby, Indiana | 2 | $ 970,000 | $ 485,000 | $ 124,000 |
| Los Angeles, California | 1 | $ 4,205,000 | $ 4,205,000 | $ 1,297,000 |
| Kent, Delaware | 1 | $ 1,535,000 | $ 1,535,000 | $ 0 |
| Collier, Florida | 1 | $ 55,000 | $ 55,000 | $ 86,000 |
| Gulf, Florida | 1 | $ 1,255,000 | $ 1,255,000 | $ 254,000 |
| Pinellas, Florida | 1 | $ 715,000 | $ 715,000 | $ 1,005,000 |
| Cook, Illinois | 1 | $ 85,000 | $ 85,000 | $ 550,000 |
| Douglas, Illinois | 1 | $ 185,000 | $ 185,000 | $ 82,000 |
| Adams, Indiana | 1 | $ 105,000 | $ 105,000 | $ 130,000 |
| Benton, Indiana | 1 | $ 165,000 | $ 165,000 | $ 62,000 |
| Brown, Indiana | 1 | $ 305,000 | $ 305,000 | $ 251,000 |
| DeKalb, Indiana | 1 | $ 105,000 | $ 105,000 | $ 60,000 |
| Floyd, Indiana | 1 | $ 195,000 | $ 195,000 | $ 111,000 |
| Hancock, Indiana | 1 | $ 45,000 | $ 45,000 | $ 54,000 |
| Henry, Indiana | 1 | $ 75,000 | $ 75,000 | $ 163,000 |
| Jasper, Indiana | 1 | $ 155,000 | $ 155,000 | $ 152,000 |
| Monroe, Indiana | 1 | $ 295,000 | $ 295,000 | $ 120,000 |
| Newton, Indiana | 1 | $ 125,000 | $ 125,000 | $ 85,000 |
| Ohio, Indiana | 1 | $ 25,000 | $ 25,000 | $ 54,000 |
| Porter, Indiana | 1 | $ 685,000 | $ 685,000 | $ 158,000 |
| Whitley, Indiana | 1 | $ 215,000 | $ 215,000 | $ 185,000 |
| Robertson, Kentucky | 1 | $ 205,000 | $ 205,000 | $ 267,000 |
| Antrim, Michigan | 1 | $ 315,000 | $ 315,000 | $ 149,000 |
| Lake, Michigan | 1 | $ 205,000 | $ 205,000 | $ 196,000 |
| Roane, Tennessee | 1 | $ 305,000 | $ 305,000 | $ 0 |
Mortgage Loan Application Detail Totals for First Farmers Bank & Trust in 2024
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 | 634 | $132,730,000 | $209,000 | $4,205,000 | $126,000 | $4,518,000 |
| Home Improvement | 240 | $44,990,000 | $187,000 | $11,005,000 | $116,000 | $780,000 |
| Cash-out Refinancing | 236 | $28,440,000 | $120,000 | $2,405,000 | $99,000 | $915,000 |
| Other Purpose | 194 | $14,010,000 | $72,000 | $1,805,000 | $122,000 | $1,342,000 |
| Refinancing | 58 | $38,480,000 | $663,000 | $22,755,000 | $111,000 | $334,000 |
| 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 | 1,171 | $170,995,000 | $146,000 | $4,205,000 | $119,000 | $4,518,000 |
| Not Provided | 69 | $9,755,000 | $141,000 | $1,005,000 | $126,000 | $693,000 |
| Not applicable | 46 | $65,660,000 | $1,427,000 | $22,755,000 | $0 | $0 |
| Hispanic | 45 | $8,355,000 | $185,000 | $825,000 | $91,000 | $240,000 |
| Asian | 12 | $2,490,000 | $207,000 | $385,000 | $185,000 | $550,000 |
| Black or African American | 11 | $745,000 | $67,000 | $195,000 | $57,000 | $146,000 |
| American Indian or Alaskan Native | 8 | $650,000 | $81,000 | $175,000 | $68,000 | $116,000 |
| 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) | 1,362 | $258,650,000 | $189,000 | $22,755,000 | $118,000 | $4,518,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 805 | $175,855,000 | $218,000 | $22,755,000 | $127,000 | $4,518,000 |
| Application Denied By Financial Institution | 198 | $19,770,000 | $99,000 | $755,000 | $91,000 | $1,702,000 |
| Application Approved But Not Accepted | 137 | $24,205,000 | $176,000 | $685,000 | $97,000 | $366,000 |
| Preapproval Approved but not Accepted | 134 | $25,900,000 | $193,000 | $705,000 | $123,000 | $2,375,000 |
| Preapproval Denied by Financial Institution | 67 | $8,725,000 | $130,000 | $405,000 | $61,000 | $172,000 |
| Application Withdrawn By Applicant | 21 | $4,195,000 | $199,000 | $1,755,000 | $377,000 | $3,240,000 |
| 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 | 1,097 | $230,155,000 | $209,000 | $22,755,000 | $127,000 | $4,518,000 |
| Credit History | 133 | $13,075,000 | $98,000 | $405,000 | $77,000 | $267,000 |
| Debt-To-Income Ratio | 90 | $11,600,000 | $128,000 | $655,000 | $70,000 | $225,000 |
| Collateral | 18 | $1,090,000 | $60,000 | $205,000 | $104,000 | $472,000 |
| Other | 12 | $1,260,000 | $105,000 | $755,000 | $232,000 | $1,702,000 |
| Employment History | 5 | $635,000 | $127,000 | $195,000 | $56,000 | $74,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $355,000 | $118,000 | $275,000 | $85,000 | $131,000 |
| Mortgage Insurance Denied | 3 | $265,000 | $88,000 | $125,000 | $83,000 | $101,000 |
| Unverifiable Information | 1 | $215,000 | $215,000 | $215,000 | $36,000 | $36,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Farmers Bank & Trust's 2024 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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