First Farmers Bank & Trust Mortgage Lending & HMDA Data, 2017
In 2017, First Farmers Bank & Trust of Converse, IN reported 1,141 mortgage applications totaling $130.0 million, about the same as 2016. The average application was for $113,929, and applicants reported an average income of $66,039. 55% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Kokomo, IN (192), Indianapolis-Carmel-Anderson, IN (86) and Terre Haute, IN (81) (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 | 1,141 |
| Total Mortgage Loan Application Amount | $129,994,000 |
| Average Mortgage Loan Application Amount | $113,929 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $66,039 |
| Highest Applicant Income | $1,545,000 |
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records First Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 192 | $ 22,726,000 | $ 118,364 | $ 67,000 |
| Indianapolis-Carmel-Anderson, IN | 86 | $ 13,867,000 | $ 161,244 | $ 97,000 |
| Terre Haute, IN | 81 | $ 7,383,000 | $ 91,148 | $ 55,000 |
| Danville, IL | 20 | $ 1,272,000 | $ 63,600 | $ 41,000 |
| Lafayette-West Lafayette, IN | 18 | $ 2,002,000 | $ 111,222 | $ 70,000 |
| Michigan City-La Porte, IN | 10 | $ 1,201,000 | $ 120,100 | $ 68,000 |
| Fort Wayne, IN | 7 | $ 1,004,000 | $ 143,428 | $ 93,000 |
| Muncie, IN | 5 | $ 719,000 | $ 143,800 | $ 98,000 |
| Bloomington, IN | 4 | $ 302,000 | $ 75,500 | $ 55,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 593,000 | $ 197,666 | $ 98,000 |
| Chicago-Naperville-Arlington Heights, IL | 3 | $ 403,000 | $ 134,333 | $ 95,000 |
| Cincinnati, OH-KY-IN | 3 | $ 681,000 | $ 227,000 | $ 13,000 |
| Gary, IN | 2 | $ 129,000 | $ 64,500 | $ 32,000 |
| Kalamazoo-Portage, MI | 2 | $ 399,000 | $ 199,500 | $ 44,000 |
| Louisville/Jefferson County, KY-IN | 2 | $ 358,000 | $ 179,000 | $ 86,000 |
| North Port-Sarasota-Bradenton, FL | 2 | $ 311,000 | $ 155,500 | $ 211,000 |
| Wilmington, NC | 2 | $ 590,000 | $ 295,000 | $ 300,000 |
| Asheville, NC | 1 | $ 229,000 | $ 229,000 | $ 123,000 |
| Jacksonville, FL | 1 | $ 272,000 | $ 272,000 | $ 125,000 |
| Kansas City, MO-KS | 1 | $ 327,000 | $ 327,000 | $ 89,000 |
| Niles-Benton Harbor, MI | 1 | $ 169,000 | $ 169,000 | $ 82,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 79,000 | $ 79,000 | $ 51,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 112,000 | $ 112,000 | $ 29,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 289,000 | $ 289,000 | $ 618,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 424,000 | $ 424,000 | $ 702,000 |
Mortgage Loan Application Detail Totals for First Farmers Bank & Trust in 2017
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 | 696 | $77,941,000 | $111,000 | $1,697,000 | $65,000 | $702,000 |
| Refinancing | 346 | $41,869,000 | $121,000 | $2,000,000 | $69,000 | $1,545,000 |
| Home Improvement | 99 | $10,184,000 | $102,000 | $360,000 | $63,000 | $184,000 |
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 | 1,047 | $118,064,000 | $112,000 | $2,000,000 | $68,000 | $1,545,000 |
| Hispanic | 39 | $2,913,000 | $74,000 | $200,000 | $48,000 | $262,000 |
| Not applicable | 23 | $4,612,000 | $200,000 | $1,697,000 | $0 | $0 |
| Not Provided | 16 | $2,259,000 | $141,000 | $304,000 | $70,000 | $520,000 |
| Asian | 9 | $1,189,000 | $132,000 | $290,000 | $75,000 | $205,000 |
| Black or African American | 6 | $848,000 | $141,000 | $230,000 | $88,000 | $240,000 |
| American Indian or Alaskan Native | 1 | $109,000 | $109,000 | $109,000 | $33,000 | $33,000 |
| 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) | 1,121 | $128,246,000 | $114,000 | $2,000,000 | $67,000 | $1,545,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 16 | $1,355,000 | $84,000 | $140,000 | $43,000 | $101,000 |
| VA-guaranteed (Veterans Administration) | 2 | $210,000 | $105,000 | $170,000 | $52,000 | $59,000 |
| FHA-insured (Federal Housing Administration) | 2 | $183,000 | $91,000 | $145,000 | $45,000 | $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 | 623 | $76,143,000 | $122,000 | $2,000,000 | $68,000 | $702,000 |
| Preapproval Denied by Financial Institution | 199 | $17,593,000 | $88,000 | $424,000 | $45,000 | $243,000 |
| Application Denied By Financial Institution | 164 | $17,313,000 | $105,000 | $760,000 | $66,000 | $1,545,000 |
| Application Approved But Not Accepted | 141 | $17,285,000 | $122,000 | $680,000 | $91,000 | $648,000 |
| Application Withdrawn By Applicant | 11 | $1,288,000 | $117,000 | $256,000 | $63,000 | $122,000 |
| Preapproval Approved but not Accepted | 3 | $372,000 | $124,000 | $219,000 | $74,000 | $137,000 |
| 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 2017 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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