First Farmers Bank & Trust Mortgage Lending & HMDA Data, 2024
In 2024, First Farmers Bank & Trust of Converse, IN reported 1,362 mortgage applications totaling $258.7 million, up 7% from 2023. The average application was for $189,904, and applicants reported an average income of $118,350. 59% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Indianapolis-Carmel-Anderson, IN (200), Kokomo, IN (196) and Terre Haute, IN (127) (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 | 1,362 |
| Total Mortgage Loan Application Amount | $258,650,000 |
| Average Mortgage Loan Application Amount | $189,904 |
| Highest Mortgage Loan Application Amount | $22,755,000 |
| Average Applicant Income | $118,350 |
| Highest Applicant Income | $4,518,000 |
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records First Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 748 | $ 114,510,000 | $ 153,088 | $ 101,582 |
| Indianapolis-Carmel-Anderson, IN | 200 | $ 77,110,000 | $ 385,550 | $ 160,000 |
| Kokomo, IN | 196 | $ 23,790,000 | $ 121,377 | $ 122,000 |
| Terre Haute, IN | 127 | $ 16,365,000 | $ 128,858 | $ 93,000 |
| Lafayette-West Lafayette, IN | 56 | $ 12,830,000 | $ 229,107 | $ 159,000 |
| Fort Wayne, IN | 8 | $ 2,770,000 | $ 346,250 | $ 230,000 |
| Bloomington, IN | 5 | $ 875,000 | $ 175,000 | $ 88,000 |
| Michigan City-La Porte, IN | 4 | $ 500,000 | $ 125,000 | $ 29,000 |
| Muncie, IN | 4 | $ 640,000 | $ 160,000 | $ 194,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 1,175,000 | $ 391,666 | $ 327,000 |
| Lake County-Porter County-Jasper County, IN | 3 | $ 965,000 | $ 321,666 | $ 131,000 |
| Chicago-Naperville, IL | 1 | $ 85,000 | $ 85,000 | $ 550,000 |
| Cincinnati, OH-KY-IN | 1 | $ 25,000 | $ 25,000 | $ 54,000 |
| Dover, DE | 1 | $ 1,535,000 | $ 1,535,000 | $ 0 |
| Knoxville, TN | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 4,205,000 | $ 4,205,000 | $ 1,297,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 195,000 | $ 195,000 | $ 111,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 55,000 | $ 55,000 | $ 86,000 |
| St. Petersburg-Clearwater-Largo, FL | 1 | $ 715,000 | $ 715,000 | $ 1,005,000 |
Mortgage Loan Application Detail Totals for First Farmers Bank & Trust in 2024
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 | 634 | $132,730,000 | $209,000 | $4,205,000 | $126,000 | $4,518,000 |
| Home Improvement | 240 | $44,990,000 | $187,000 | $11,005,000 | $116,000 | $780,000 |
| Cash-out Refinancing | 236 | $28,440,000 | $120,000 | $2,405,000 | $99,000 | $915,000 |
| Other Purpose | 194 | $14,010,000 | $72,000 | $1,805,000 | $122,000 | $1,342,000 |
| Refinancing | 58 | $38,480,000 | $663,000 | $22,755,000 | $111,000 | $334,000 |
| 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 | 1,171 | $170,995,000 | $146,000 | $4,205,000 | $119,000 | $4,518,000 |
| Not Provided | 69 | $9,755,000 | $141,000 | $1,005,000 | $126,000 | $693,000 |
| Not applicable | 46 | $65,660,000 | $1,427,000 | $22,755,000 | $0 | $0 |
| Hispanic | 45 | $8,355,000 | $185,000 | $825,000 | $91,000 | $240,000 |
| Asian | 12 | $2,490,000 | $207,000 | $385,000 | $185,000 | $550,000 |
| Black or African American | 11 | $745,000 | $67,000 | $195,000 | $57,000 | $146,000 |
| American Indian or Alaskan Native | 8 | $650,000 | $81,000 | $175,000 | $68,000 | $116,000 |
| 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) | 1,362 | $258,650,000 | $189,000 | $22,755,000 | $118,000 | $4,518,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 805 | $175,855,000 | $218,000 | $22,755,000 | $127,000 | $4,518,000 |
| Application Denied By Financial Institution | 198 | $19,770,000 | $99,000 | $755,000 | $91,000 | $1,702,000 |
| Application Approved But Not Accepted | 137 | $24,205,000 | $176,000 | $685,000 | $97,000 | $366,000 |
| Preapproval Approved but not Accepted | 134 | $25,900,000 | $193,000 | $705,000 | $123,000 | $2,375,000 |
| Preapproval Denied by Financial Institution | 67 | $8,725,000 | $130,000 | $405,000 | $61,000 | $172,000 |
| Application Withdrawn By Applicant | 21 | $4,195,000 | $199,000 | $1,755,000 | $377,000 | $3,240,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,097 | $230,155,000 | $209,000 | $22,755,000 | $127,000 | $4,518,000 |
| Credit History | 133 | $13,075,000 | $98,000 | $405,000 | $77,000 | $267,000 |
| Debt-To-Income Ratio | 90 | $11,600,000 | $128,000 | $655,000 | $70,000 | $225,000 |
| Collateral | 18 | $1,090,000 | $60,000 | $205,000 | $104,000 | $472,000 |
| Other | 12 | $1,260,000 | $105,000 | $755,000 | $232,000 | $1,702,000 |
| Employment History | 5 | $635,000 | $127,000 | $195,000 | $56,000 | $74,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $355,000 | $118,000 | $275,000 | $85,000 | $131,000 |
| Mortgage Insurance Denied | 3 | $265,000 | $88,000 | $125,000 | $83,000 | $101,000 |
| Unverifiable Information | 1 | $215,000 | $215,000 | $215,000 | $36,000 | $36,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Farmers Bank & Trust's 2024 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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