First Farmers Bank & Trust Mortgage Lending & HMDA Data, 2022
In 2022, First Farmers Bank & Trust of Converse, IN reported 1,620 mortgage applications totaling $244.2 million, down 37% from 2021. The average application was for $150,728, and applicants reported an average income of $100,403. 56% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Kokomo, IN (222), Indianapolis-Carmel-Anderson, IN (138) and Terre Haute, IN (130) (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 | 1,620 |
| Total Mortgage Loan Application Amount | $244,180,000 |
| Average Mortgage Loan Application Amount | $150,728 |
| Highest Mortgage Loan Application Amount | $11,765,000 |
| Average Applicant Income | $100,403 |
| Highest Applicant Income | $2,819,000 |
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records First Farmers Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2022
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 | 739 | $150,305,000 | $203,000 | $11,765,000 | $94,000 | $2,819,000 |
| Cash-out Refinancing | 494 | $53,860,000 | $109,000 | $4,155,000 | $103,000 | $2,076,000 |
| Other Purpose | 158 | $9,170,000 | $58,000 | $615,000 | $98,000 | $270,000 |
| Home Improvement | 122 | $8,910,000 | $73,000 | $475,000 | $126,000 | $1,275,000 |
| Refinancing | 107 | $21,935,000 | $205,000 | $2,205,000 | $107,000 | $530,000 |
| 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 | 1,433 | $190,975,000 | $133,000 | $1,505,000 | $99,000 | $2,819,000 |
| Not Provided | 76 | $10,410,000 | $136,000 | $635,000 | $118,000 | $868,000 |
| Hispanic | 49 | $5,315,000 | $108,000 | $305,000 | $89,000 | $838,000 |
| Not applicable | 37 | $28,965,000 | $782,000 | $11,765,000 | $0 | $0 |
| American Indian or Alaskan Native | 9 | $1,155,000 | $128,000 | $305,000 | $87,000 | $178,000 |
| Asian | 9 | $3,255,000 | $361,000 | $1,415,000 | $126,000 | $554,000 |
| Black or African American | 4 | $820,000 | $205,000 | $585,000 | $97,000 | $175,000 |
| 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) | 1,611 | $242,725,000 | $150,000 | $11,765,000 | $101,000 | $2,819,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $1,140,000 | $190,000 | $305,000 | $61,000 | $83,000 |
| FHA-insured (Federal Housing Administration) | 3 | $315,000 | $105,000 | $125,000 | $41,000 | $46,000 |
| 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 | 900 | $146,840,000 | $163,000 | $11,765,000 | $110,000 | $2,819,000 |
| Application Denied By Financial Institution | 228 | $20,310,000 | $89,000 | $645,000 | $72,000 | $456,000 |
| Application Approved But Not Accepted | 208 | $27,890,000 | $134,000 | $1,445,000 | $107,000 | $1,438,000 |
| Preapproval Approved but not Accepted | 151 | $29,655,000 | $196,000 | $1,455,000 | $85,000 | $606,000 |
| Preapproval Denied by Financial Institution | 108 | $16,450,000 | $152,000 | $585,000 | $65,000 | $288,000 |
| Application Withdrawn By Applicant | 22 | $2,740,000 | $124,000 | $595,000 | $221,000 | $2,076,000 |
| Loan Purchased By The Institution | 3 | $295,000 | $98,000 | $155,000 | $84,000 | $148,000 |
| 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 | 1,284 | $207,420,000 | $161,000 | $11,765,000 | $109,000 | $2,819,000 |
| Credit History | 173 | $17,295,000 | $99,000 | $525,000 | $76,000 | $456,000 |
| Debt-To-Income Ratio | 110 | $14,760,000 | $134,000 | $645,000 | $54,000 | $288,000 |
| Collateral | 30 | $1,740,000 | $58,000 | $185,000 | $81,000 | $216,000 |
| Other | 10 | $1,190,000 | $119,000 | $415,000 | $109,000 | $241,000 |
| Employment History | 8 | $830,000 | $103,000 | $215,000 | $52,000 | $102,000 |
| Credit Application Incomplete | 3 | $495,000 | $165,000 | $385,000 | $111,000 | $111,000 |
| Unverifiable Information | 1 | $305,000 | $305,000 | $305,000 | $190,000 | $190,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $145,000 | $145,000 | $145,000 | $41,000 | $41,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Farmers Bank & Trust's 2022 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About