First Farmers Bank & Trust Mortgage Lending & HMDA Data, 2015
In 2015, First Farmers Bank & Trust of Converse, IN reported 1,047 mortgage applications totaling $110.8 million, up 53% from 2014. The average application was for $105,808, and applicants reported an average income of $70,486. 56% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Kokomo, IN (168), Indianapolis-Carmel-Anderson, IN (90) and Terre Haute, IN (85) (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 | 1,047 |
| Total Mortgage Loan Application Amount | $110,782,000 |
| Average Mortgage Loan Application Amount | $105,808 |
| Highest Mortgage Loan Application Amount | $3,918,000 |
| Average Applicant Income | $70,486 |
| Highest Applicant Income | $2,141,000 |
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records First Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 168 | $ 20,717,000 | $ 123,315 | $ 67,000 |
| Indianapolis-Carmel-Anderson, IN | 90 | $ 11,957,000 | $ 132,855 | $ 101,000 |
| Terre Haute, IN | 85 | $ 7,594,000 | $ 89,341 | $ 56,000 |
| Danville, IL | 20 | $ 1,662,000 | $ 83,100 | $ 61,000 |
| Fort Wayne, IN | 12 | $ 1,216,000 | $ 101,333 | $ 56,000 |
| Lafayette-West Lafayette, IN | 8 | $ 939,000 | $ 117,375 | $ 115,000 |
| Michigan City-La Porte, IN | 8 | $ 852,000 | $ 106,500 | $ 67,000 |
| North Port-Sarasota-Bradenton, FL | 4 | $ 660,000 | $ 165,000 | $ 98,000 |
| Gary, IN | 3 | $ 880,000 | $ 293,333 | $ 109,000 |
| Bloomington, IN | 2 | $ 235,000 | $ 117,500 | $ 38,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 266,000 | $ 133,000 | $ 91,000 |
| Sebring, FL | 2 | $ 276,000 | $ 138,000 | $ 117,000 |
| Akron, OH | 1 | $ 275,000 | $ 275,000 | $ 230,000 |
| Cincinnati, OH-KY-IN | 1 | $ 190,000 | $ 190,000 | $ 56,000 |
| Columbus, OH | 1 | $ 120,000 | $ 120,000 | $ 154,000 |
| Harrisburg-Carlisle, PA | 1 | $ 417,000 | $ 417,000 | $ 185,000 |
| Homosassa Springs, FL | 1 | $ 76,000 | $ 76,000 | $ 40,000 |
| Kalamazoo-Portage, MI | 1 | $ 2,000,000 | $ 2,000,000 | $ 0 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 88,000 | $ 88,000 | $ 60,000 |
| Ocala, FL | 1 | $ 195,000 | $ 195,000 | $ 138,000 |
Mortgage Loan Application Detail Totals for First Farmers Bank & Trust in 2015
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 | 496 | $57,277,000 | $115,000 | $3,918,000 | $65,000 | $1,133,000 |
| Refinancing | 427 | $44,707,000 | $104,000 | $750,000 | $77,000 | $2,141,000 |
| Home Improvement | 124 | $8,798,000 | $70,000 | $316,000 | $70,000 | $378,000 |
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 | 972 | $98,733,000 | $101,000 | $878,000 | $73,000 | $2,141,000 |
| Not Provided | 25 | $2,275,000 | $91,000 | $300,000 | $36,000 | $118,000 |
| Hispanic | 25 | $1,945,000 | $77,000 | $159,000 | $47,000 | $135,000 |
| Not applicable | 14 | $7,024,000 | $501,000 | $3,918,000 | $21,000 | $307,000 |
| Black or African American | 9 | $635,000 | $70,000 | $169,000 | $70,000 | $295,000 |
| American Indian or Alaskan Native | 1 | $25,000 | $25,000 | $25,000 | $72,000 | $72,000 |
| Asian | 1 | $145,000 | $145,000 | $145,000 | $77,000 | $77,000 |
| 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) | 1,017 | $108,373,000 | $106,000 | $3,918,000 | $71,000 | $2,141,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 22 | $1,604,000 | $72,000 | $150,000 | $40,000 | $79,000 |
| VA-guaranteed (Veterans Administration) | 4 | $468,000 | $117,000 | $200,000 | $43,000 | $62,000 |
| FHA-insured (Federal Housing Administration) | 4 | $337,000 | $84,000 | $106,000 | $37,000 | $49,000 |
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 | 591 | $70,714,000 | $119,000 | $3,918,000 | $81,000 | $2,141,000 |
| Preapproval Denied by Financial Institution | 175 | $13,801,000 | $78,000 | $280,000 | $46,000 | $161,000 |
| Application Denied By Financial Institution | 155 | $13,998,000 | $90,000 | $414,000 | $56,000 | $196,000 |
| Application Approved But Not Accepted | 88 | $8,787,000 | $99,000 | $417,000 | $73,000 | $312,000 |
| Preapproval Approved but not Accepted | 20 | $1,896,000 | $94,000 | $228,000 | $85,000 | $287,000 |
| Application Withdrawn By Applicant | 18 | $1,586,000 | $88,000 | $235,000 | $73,000 | $208,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 2015 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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