First Farmers Bank & Trust Mortgage Lending & HMDA Data, 2016
In 2016, First Farmers Bank & Trust of Converse, IN reported 1,139 mortgage applications totaling $129.7 million, up 9% from 2015. The average application was for $113,886, and applicants reported an average income of $65,240. 56% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Kokomo, IN (214), Terre Haute, IN (87) and Indianapolis-Carmel-Anderson, IN (82) (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 | 1,139 |
| Total Mortgage Loan Application Amount | $129,717,000 |
| Average Mortgage Loan Application Amount | $113,886 |
| Highest Mortgage Loan Application Amount | $2,426,000 |
| Average Applicant Income | $65,240 |
| Highest Applicant Income | $550,000 |
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records First Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 214 | $ 23,459,000 | $ 109,621 | $ 64,000 |
| Terre Haute, IN | 87 | $ 9,308,000 | $ 106,988 | $ 60,000 |
| Indianapolis-Carmel-Anderson, IN | 82 | $ 14,601,000 | $ 178,060 | $ 94,000 |
| Danville, IL | 31 | $ 5,872,000 | $ 189,419 | $ 45,000 |
| Lafayette-West Lafayette, IN | 22 | $ 2,592,000 | $ 117,818 | $ 100,000 |
| Gary, IN | 10 | $ 1,886,000 | $ 188,600 | $ 95,000 |
| Michigan City-La Porte, IN | 9 | $ 1,076,000 | $ 119,555 | $ 79,000 |
| Fort Wayne, IN | 7 | $ 1,009,000 | $ 144,142 | $ 78,000 |
| Atlanta-Sandy Springs-Roswell, GA | 3 | $ 353,000 | $ 117,666 | $ 50,000 |
| Columbus, OH | 3 | $ 1,085,000 | $ 361,666 | $ 140,000 |
| Muncie, IN | 3 | $ 384,000 | $ 128,000 | $ 80,000 |
| Bloomington, IN | 2 | $ 230,000 | $ 115,000 | $ 80,000 |
| Chicago-Naperville-Arlington Heights, IL | 2 | $ 539,000 | $ 269,500 | $ 205,000 |
| Cincinnati, OH-KY-IN | 2 | $ 409,000 | $ 204,500 | $ 92,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 372,000 | $ 186,000 | $ 115,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 180,000 | $ 180,000 | $ 126,000 |
| Elkhart-Goshen, IN | 1 | $ 195,000 | $ 195,000 | $ 105,000 |
| Kalamazoo-Portage, MI | 1 | $ 164,000 | $ 164,000 | $ 83,000 |
| Kansas City, MO-KS | 1 | $ 326,000 | $ 326,000 | $ 107,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 277,000 | $ 277,000 | $ 0 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 79,000 | $ 79,000 | $ 40,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 237,000 | $ 237,000 | $ 95,000 |
| Punta Gorda, FL | 1 | $ 150,000 | $ 150,000 | $ 107,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 116,000 | $ 116,000 | $ 77,000 |
Mortgage Loan Application Detail Totals for First Farmers Bank & Trust in 2016
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 | 593 | $63,593,000 | $107,000 | $1,000,000 | $61,000 | $494,000 |
| Refinancing | 420 | $54,828,000 | $130,000 | $2,426,000 | $71,000 | $550,000 |
| Home Improvement | 126 | $11,296,000 | $89,000 | $248,000 | $66,000 | $262,000 |
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 | 1,084 | $119,394,000 | $110,000 | $2,426,000 | $66,000 | $550,000 |
| Hispanic | 20 | $1,721,000 | $86,000 | $233,000 | $57,000 | $160,000 |
| Not Provided | 12 | $1,226,000 | $102,000 | $384,000 | $25,000 | $281,000 |
| Not applicable | 10 | $5,744,000 | $574,000 | $1,551,000 | $0 | $0 |
| Asian | 6 | $1,064,000 | $177,000 | $351,000 | $137,000 | $268,000 |
| Black or African American | 5 | $289,000 | $57,000 | $77,000 | $40,000 | $85,000 |
| American Indian or Alaskan Native | 2 | $279,000 | $139,000 | $171,000 | $49,000 | $76,000 |
| Native Hawaiin 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) | 1,119 | $125,543,000 | $112,000 | $2,426,000 | $66,000 | $550,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 16 | $3,845,000 | $240,000 | $1,400,000 | $29,000 | $51,000 |
| FHA-insured (Federal Housing Administration) | 4 | $329,000 | $82,000 | $101,000 | $63,000 | $128,000 |
| 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 | 636 | $80,525,000 | $126,000 | $2,426,000 | $71,000 | $550,000 |
| Preapproval Denied by Financial Institution | 195 | $16,375,000 | $83,000 | $415,000 | $47,000 | $311,000 |
| Application Denied By Financial Institution | 162 | $16,111,000 | $99,000 | $326,000 | $57,000 | $318,000 |
| Application Approved But Not Accepted | 128 | $14,480,000 | $113,000 | $720,000 | $75,000 | $342,000 |
| Application Withdrawn By Applicant | 17 | $2,099,000 | $123,000 | $256,000 | $63,000 | $122,000 |
| Loan Purchased By The Institution | 1 | $127,000 | $127,000 | $127,000 | $137,000 | $137,000 |
| 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 2016 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.
For a list of all lenders in Indiana, download the full spreadsheet
with aggregated HMDA statistics today.
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