First Farmers Bank & Trust Mortgage Lending & HMDA Data, 2021
In 2021, First Farmers Bank & Trust of Converse, IN reported 2,575 mortgage applications totaling $356.9 million, up 27% from 2020. The average application was for $138,600, and applicants reported an average income of $90,809. 60% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Kokomo, IN (412), Indianapolis-Carmel-Anderson, IN (215) and Terre Haute, IN (208) (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 | 2,575 |
| Total Mortgage Loan Application Amount | $356,895,000 |
| Average Mortgage Loan Application Amount | $138,600 |
| Highest Mortgage Loan Application Amount | $12,905,000 |
| Average Applicant Income | $90,809 |
| Highest Applicant Income | $4,217,000 |
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records First Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 1,084 | $ 124,540,000 | $ 114,889 | $ 89,658 |
| Kokomo, IN | 412 | $ 49,140,000 | $ 119,271 | $ 81,000 |
| Indianapolis-Carmel-Anderson, IN | 215 | $ 46,535,000 | $ 216,441 | $ 139,000 |
| Terre Haute, IN | 208 | $ 21,890,000 | $ 105,240 | $ 77,000 |
| Lafayette-West Lafayette, IN | 79 | $ 15,835,000 | $ 200,443 | $ 129,000 |
| Danville, IL | 77 | $ 4,705,000 | $ 61,103 | $ 81,000 |
| Michigan City-La Porte, IN | 13 | $ 1,315,000 | $ 101,153 | $ 93,000 |
| Bloomington, IN | 9 | $ 915,000 | $ 101,666 | $ 114,000 |
| Gary, IN | 6 | $ 1,300,000 | $ 216,666 | $ 106,000 |
| Muncie, IN | 6 | $ 740,000 | $ 123,333 | $ 90,000 |
| Cape Coral-Fort Myers, FL | 5 | $ 1,365,000 | $ 273,000 | $ 122,000 |
| Fort Wayne, IN | 5 | $ 2,595,000 | $ 519,000 | $ 61,000 |
| South Bend-Mishawaka, IN-MI | 5 | $ 835,000 | $ 167,000 | $ 69,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 1,895,000 | $ 631,666 | $ 628,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 2,365,000 | $ 788,333 | $ 434,000 |
| Elgin, IL | 2 | $ 450,000 | $ 225,000 | $ 225,000 |
| Lake County-Kenosha County, IL-WI | 2 | $ 610,000 | $ 305,000 | $ 235,000 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 670,000 | $ 335,000 | $ 394,000 |
| Champaign-Urbana, IL | 1 | $ 225,000 | $ 225,000 | $ 365,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 465,000 | $ 465,000 | $ 297,000 |
| Cincinnati, OH-KY-IN | 1 | $ 12,905,000 | $ 12,905,000 | $ 0 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 455,000 | $ 455,000 | $ 0 |
| Elkhart-Goshen, IN | 1 | $ 265,000 | $ 265,000 | $ 60,000 |
| Evansville, IN-KY | 1 | $ 85,000 | $ 85,000 | $ 37,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Louisville/Jefferson County, KY-IN | 1 | $ 1,205,000 | $ 1,205,000 | $ 0 |
| Muskegon, MI | 1 | $ 85,000 | $ 85,000 | $ 75,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 15,000 | $ 15,000 | $ 0 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 295,000 | $ 295,000 | $ 113,000 |
| Richmond, VA | 1 | $ 145,000 | $ 145,000 | $ 104,000 |
| Salisbury, MD-DE | 1 | $ 615,000 | $ 615,000 | $ 0 |
| St. Louis, MO-IL | 1 | $ 1,305,000 | $ 1,305,000 | $ 0 |
| The Villages, FL | 1 | $ 145,000 | $ 145,000 | $ 102,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 165,000 | $ 165,000 | $ 676,000 |
Mortgage Loan Application Detail Totals for First Farmers Bank & Trust in 2021
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 | 1,083 | $188,805,000 | $174,000 | $12,905,000 | $88,000 | $4,217,000 |
| Cash-out Refinancing | 955 | $94,545,000 | $99,000 | $3,005,000 | $92,000 | $1,680,000 |
| Refinancing | 429 | $65,875,000 | $153,000 | $1,305,000 | $98,000 | $2,465,000 |
| Home Improvement | 105 | $7,245,000 | $69,000 | $305,000 | $78,000 | $295,000 |
| Other Purpose | 3 | $425,000 | $141,000 | $305,000 | $146,000 | $342,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 2,230 | $284,700,000 | $127,000 | $1,605,000 | $89,000 | $2,920,000 |
| Not Provided | 174 | $21,400,000 | $122,000 | $1,055,000 | $102,000 | $702,000 |
| Hispanic | 78 | $7,290,000 | $93,000 | $345,000 | $62,000 | $176,000 |
| Not applicable | 46 | $36,450,000 | $792,000 | $12,905,000 | $0 | $0 |
| Black or African American | 18 | $1,810,000 | $100,000 | $285,000 | $286,000 | $4,217,000 |
| Asian | 15 | $3,795,000 | $253,000 | $545,000 | $114,000 | $365,000 |
| American Indian or Alaskan Native | 12 | $1,340,000 | $111,000 | $295,000 | $73,000 | $144,000 |
| 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) | 2,554 | $354,530,000 | $138,000 | $12,905,000 | $91,000 | $4,217,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 13 | $1,345,000 | $103,000 | $275,000 | $45,000 | $103,000 |
| FHA-insured (Federal Housing Administration) | 7 | $765,000 | $109,000 | $205,000 | $53,000 | $125,000 |
| VA-guaranteed (Veterans Administration) | 1 | $255,000 | $255,000 | $255,000 | $88,000 | $88,000 |
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 | 1,536 | $226,570,000 | $147,000 | $12,905,000 | $96,000 | $2,465,000 |
| Application Denied By Financial Institution | 308 | $28,790,000 | $93,000 | $615,000 | $68,000 | $1,098,000 |
| Preapproval Approved but not Accepted | 275 | $44,945,000 | $163,000 | $1,055,000 | $80,000 | $2,057,000 |
| Application Approved But Not Accepted | 265 | $34,495,000 | $130,000 | $885,000 | $97,000 | $2,220,000 |
| Preapproval Denied by Financial Institution | 148 | $15,820,000 | $106,000 | $445,000 | $44,000 | $122,000 |
| Application Withdrawn By Applicant | 37 | $4,875,000 | $131,000 | $355,000 | $300,000 | $4,217,000 |
| Loan Purchased By The Institution | 6 | $1,400,000 | $233,000 | $415,000 | $75,000 | $109,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 2,119 | $312,285,000 | $147,000 | $12,905,000 | $97,000 | $4,217,000 |
| Credit History | 238 | $21,970,000 | $92,000 | $615,000 | $65,000 | $1,098,000 |
| Debt-To-Income Ratio | 131 | $14,045,000 | $107,000 | $445,000 | $39,000 | $216,000 |
| Other | 27 | $2,155,000 | $79,000 | $445,000 | $101,000 | $648,000 |
| Collateral | 26 | $2,590,000 | $99,000 | $255,000 | $74,000 | $247,000 |
| Employment History | 25 | $2,945,000 | $117,000 | $395,000 | $69,000 | $692,000 |
| Credit Application Incomplete | 7 | $665,000 | $95,000 | $255,000 | $45,000 | $107,000 |
| Unverifiable Information | 2 | $240,000 | $120,000 | $185,000 | $74,000 | $77,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Farmers Bank & Trust's 2021 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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with aggregated HMDA statistics today.
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