First Farmers Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, First Farmers Bank & Trust of Converse, IN reported 1,274 mortgage applications totaling $131.8 million, up 94% from 2008. The average application was for $103,481, and applicants reported an average income of $69,158. 76% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Kokomo, IN (419), Indianapolis-Carmel, IN (85) and Anderson, IN (40) (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 | 1,274 |
| Total Mortgage Loan Application Amount | $131,836,000 |
| Average Mortgage Loan Application Amount | $103,481 |
| Highest Mortgage Loan Application Amount | $548,000 |
| Average Applicant Income | $69,158 |
| Highest Applicant Income | $500,000 |
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records First Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Kokomo, IN | 419 | $ 46,623,000 | $ 111,272 | $ 72,000 |
| Indianapolis-Carmel, IN | 85 | $ 10,904,000 | $ 128,282 | $ 78,000 |
| Anderson, IN | 40 | $ 3,722,000 | $ 93,050 | $ 73,000 |
| Fort Wayne, IN | 16 | $ 1,858,000 | $ 116,125 | $ 63,000 |
| Lafayette, IN | 13 | $ 1,465,000 | $ 112,692 | $ 90,000 |
| Gary, IN | 6 | $ 754,000 | $ 125,666 | $ 74,000 |
| Muncie, IN | 4 | $ 613,000 | $ 153,250 | $ 114,000 |
| Bloomington, IN | 2 | $ 221,000 | $ 110,500 | $ 28,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 477,000 | $ 238,500 | $ 207,000 |
| Chicago-Naperville-Joliet, IL | 1 | $ 414,000 | $ 414,000 | $ 161,000 |
| Harrisburg-Carlisle, PA | 1 | $ 167,000 | $ 167,000 | $ 102,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 548,000 | $ 548,000 | $ 254,000 |
| Terre Haute, IN | 1 | $ 250,000 | $ 250,000 | $ 210,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 130,000 | $ 130,000 | $ 132,000 |
Mortgage Loan Application Detail Totals for First Farmers Bank & Trust in 2009
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 |
|---|---|---|---|---|---|---|
| Refinancing | 890 | $101,754,000 | $114,000 | $548,000 | $74,000 | $500,000 |
| Home Purchase | 291 | $24,300,000 | $83,000 | $396,000 | $56,000 | $281,000 |
| Home Improvement | 93 | $5,782,000 | $62,000 | $364,000 | $64,000 | $454,000 |
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 | 1,244 | $128,145,000 | $103,000 | $548,000 | $68,000 | $500,000 |
| Hispanic | 13 | $1,296,000 | $99,000 | $225,000 | $69,000 | $157,000 |
| Not Provided | 8 | $1,028,000 | $128,000 | $288,000 | $115,000 | $279,000 |
| Asian | 3 | $422,000 | $140,000 | $230,000 | $67,000 | $150,000 |
| Black or African American | 2 | $372,000 | $186,000 | $216,000 | $93,000 | $120,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $238,000 | $119,000 | $220,000 | $152,000 | $152,000 |
| American Indian or Alaskan Native | 2 | $335,000 | $167,000 | $235,000 | $101,000 | $151,000 |
| Not applicable | 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) | 1,202 | $125,844,000 | $104,000 | $548,000 | $71,000 | $500,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 64 | $5,253,000 | $82,000 | $175,000 | $41,000 | $85,000 |
| FHA-insured (Federal Housing Administration) | 8 | $739,000 | $92,000 | $212,000 | $43,000 | $64,000 |
| 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 | 963 | $102,420,000 | $106,000 | $548,000 | $72,000 | $500,000 |
| Application Withdrawn By Applicant | 163 | $16,846,000 | $103,000 | $284,000 | $66,000 | $244,000 |
| Application Denied By Financial Institution | 148 | $12,570,000 | $84,000 | $390,000 | $52,000 | $250,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 |
|---|---|---|---|---|---|---|
| Credit History | 78 | $5,376,000 | $68,000 | $198,000 | $48,000 | $98,000 |
| Debt-To-Income Ratio | 35 | $3,393,000 | $96,000 | $390,000 | $42,000 | $173,000 |
| Collateral | 30 | $3,399,000 | $113,000 | $258,000 | $72,000 | $250,000 |
| Employment History | 3 | $222,000 | $74,000 | $105,000 | $45,000 | $62,000 |
| Mortgage Insurance Denied | 1 | $43,000 | $43,000 | $43,000 | $211,000 | $211,000 |
| Other | 1 | $137,000 | $137,000 | $137,000 | $79,000 | $79,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 2009 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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