First Farmers Bank & Trust Mortgage Lending & HMDA Data, 2014
In 2014, First Farmers Bank & Trust of Converse, IN reported 686 mortgage applications totaling $66.3 million, down 29% from 2013. The average application was for $96,690, and applicants reported an average income of $63,870. 48% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Kokomo, IN (115), Indianapolis-Carmel-Anderson, IN (56) and Terre Haute, IN (26) (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 | 686 |
| Total Mortgage Loan Application Amount | $66,330,000 |
| Average Mortgage Loan Application Amount | $96,690 |
| Highest Mortgage Loan Application Amount | $2,140,000 |
| Average Applicant Income | $63,870 |
| Highest Applicant Income | $826,000 |
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records First Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 115 | $ 10,696,000 | $ 93,008 | $ 68,000 |
| Indianapolis-Carmel-Anderson, IN | 56 | $ 6,692,000 | $ 119,500 | $ 70,000 |
| Terre Haute, IN | 26 | $ 2,251,000 | $ 86,576 | $ 63,000 |
| Fort Wayne, IN | 9 | $ 969,000 | $ 107,666 | $ 83,000 |
| Lafayette-West Lafayette, IN | 4 | $ 348,000 | $ 87,000 | $ 58,000 |
| Columbus, IN | 3 | $ 381,000 | $ 127,000 | $ 83,000 |
| Columbus, OH | 1 | $ 112,000 | $ 112,000 | $ 89,000 |
| Elkhart-Goshen, IN | 1 | $ 114,000 | $ 114,000 | $ 56,000 |
| Gary, IN | 1 | $ 56,000 | $ 56,000 | $ 63,000 |
| Kalamazoo-Portage, MI | 1 | $ 417,000 | $ 417,000 | $ 321,000 |
| Michigan City-La Porte, IN | 1 | $ 45,000 | $ 45,000 | $ 54,000 |
| Muncie, IN | 1 | $ 214,000 | $ 214,000 | $ 137,000 |
| Peoria, IL | 1 | $ 210,000 | $ 210,000 | $ 83,000 |
| Sebring, FL | 1 | $ 102,000 | $ 102,000 | $ 50,000 |
| St. Louis, MO-IL | 1 | $ 59,000 | $ 59,000 | $ 52,000 |
Mortgage Loan Application Detail Totals for First Farmers Bank & Trust in 2014
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 | 379 | $37,846,000 | $99,000 | $469,000 | $64,000 | $826,000 |
| Refinancing | 218 | $22,830,000 | $104,000 | $2,140,000 | $64,000 | $384,000 |
| Home Improvement | 89 | $5,654,000 | $63,000 | $246,000 | $63,000 | $450,000 |
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 | 627 | $57,858,000 | $92,000 | $598,000 | $66,000 | $826,000 |
| Not Provided | 39 | $3,266,000 | $83,000 | $308,000 | $43,000 | $144,000 |
| Hispanic | 9 | $1,356,000 | $150,000 | $220,000 | $65,000 | $123,000 |
| Not applicable | 7 | $3,502,000 | $500,000 | $2,140,000 | $0 | $0 |
| Black or African American | 3 | $332,000 | $110,000 | $171,000 | $47,000 | $57,000 |
| American Indian or Alaskan Native | 1 | $16,000 | $16,000 | $16,000 | $45,000 | $45,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 663 | $64,344,000 | $97,000 | $2,140,000 | $65,000 | $826,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 17 | $1,074,000 | $63,000 | $104,000 | $31,000 | $59,000 |
| VA-guaranteed (Veterans Administration) | 5 | $712,000 | $142,000 | $252,000 | $48,000 | $58,000 |
| FHA-insured (Federal Housing Administration) | 1 | $200,000 | $200,000 | $200,000 | $58,000 | $58,000 |
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 | 329 | $35,288,000 | $107,000 | $2,140,000 | $75,000 | $826,000 |
| Application Denied By Financial Institution | 135 | $11,439,000 | $84,000 | $257,000 | $54,000 | $201,000 |
| Preapproval Denied by Financial Institution | 131 | $10,985,000 | $83,000 | $333,000 | $41,000 | $144,000 |
| Application Withdrawn By Applicant | 83 | $8,018,000 | $96,000 | $404,000 | $72,000 | $247,000 |
| Loan Purchased By The Institution | 5 | $445,000 | $89,000 | $124,000 | $31,000 | $43,000 |
| Application Approved But Not Accepted | 3 | $155,000 | $51,000 | $60,000 | $62,000 | $128,000 |
| 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 2014 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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