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records First Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
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.
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