First Merchants Bank Mortgage Lending & HMDA Data, 2020
In 2020, First Merchants Bank of Muncie, IN reported 10,987 mortgage applications totaling $1.8 billion. The average application was for $167,839, and applicants reported an average income of $128,575. 60% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Indianapolis-Carmel-Anderson, IN (3,022), Columbus, OH (956) and Fort Wayne, IN (907) (applications in parentheses).
| Mortgage Company & Address | First Merchants Bank 200 E. Jackson St. Muncie, IN 47305 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 |
| Total Number of Mortgage Applications | 10,987 |
| Total Mortgage Loan Application Amount | $1,844,055,000 |
| Average Mortgage Loan Application Amount | $167,839 |
| Highest Mortgage Loan Application Amount | $19,845,000 |
| Average Applicant Income | $128,575 |
| Highest Applicant Income | $7,773,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Indianapolis-Carmel-Anderson, IN | 3,022 | $ 457,330,000 | $ 151,333 | $ 119,000 |
| Outside any metro area | 2,033 | $ 241,365,000 | $ 118,723 | $ 101,150 |
| Columbus, OH | 956 | $ 273,100,000 | $ 285,669 | $ 211,000 |
| Fort Wayne, IN | 907 | $ 159,815,000 | $ 176,201 | $ 100,000 |
| Lafayette-West Lafayette, IN | 862 | $ 108,360,000 | $ 125,707 | $ 90,000 |
| Gary, IN | 770 | $ 101,970,000 | $ 132,428 | $ 102,000 |
| Muncie, IN | 592 | $ 67,370,000 | $ 113,800 | $ 77,000 |
| Monroe, MI | 503 | $ 62,805,000 | $ 124,860 | $ 91,000 |
| Chicago-Naperville, IL | 448 | $ 147,500,000 | $ 329,241 | $ 250,000 |
| Detroit-Dearborn-Livonia, MI | 233 | $ 35,615,000 | $ 152,854 | $ 156,000 |
| Cincinnati, OH-KY-IN | 104 | $ 18,090,000 | $ 173,942 | $ 187,913 |
| Toledo, OH | 52 | $ 6,100,000 | $ 117,307 | $ 97,000 |
| Warren-Troy-Farmington Hills, MI | 41 | $ 10,555,000 | $ 257,439 | $ 213,000 |
| Cleveland-Elyria, OH | 34 | $ 7,210,000 | $ 212,058 | $ 317,000 |
| Kokomo, IN | 30 | $ 2,730,000 | $ 91,000 | $ 73,000 |
| Ann Arbor, MI | 27 | $ 5,705,000 | $ 211,296 | $ 196,000 |
| Lake County-Kenosha County, IL-WI | 22 | $ 8,030,000 | $ 365,000 | $ 896,000 |
| Bloomington, IN | 21 | $ 7,795,000 | $ 371,190 | $ 133,000 |
| Cape Coral-Fort Myers, FL | 21 | $ 7,935,000 | $ 377,857 | $ 298,000 |
| Dayton-Springfield-Kettering, OH | 18 | $ 2,790,000 | $ 155,000 | $ 166,000 |
| Elgin, IL | 18 | $ 11,280,000 | $ 626,666 | $ 356,000 |
| South Bend-Mishawaka, IN-MI | 18 | $ 9,370,000 | $ 520,555 | $ 161,277 |
| Naples-Immokalee-Marco Island, FL | 15 | $ 7,035,000 | $ 469,000 | $ 418,000 |
| Akron, OH | 13 | $ 2,535,000 | $ 195,000 | $ 520,000 |
| Tampa-St. Petersburg-Clearwater, FL | 13 | $ 5,025,000 | $ 386,538 | $ 571,000 |
| Columbus, IN | 12 | $ 1,470,000 | $ 122,500 | $ 101,000 |
| Canton-Massillon, OH | 9 | $ 1,015,000 | $ 112,777 | $ 200,000 |
| Michigan City-La Porte, IN | 9 | $ 995,000 | $ 110,555 | $ 107,000 |
| North Port-Sarasota-Bradenton, FL | 9 | $ 3,815,000 | $ 423,888 | $ 367,000 |
| Crestview-Fort Walton Beach-Destin, FL | 8 | $ 6,040,000 | $ 755,000 | $ 303,000 |
| Grand Rapids-Wyoming, MI | 8 | $ 1,620,000 | $ 202,500 | $ 117,000 |
| Phoenix-Mesa-Scottsdale, AZ | 8 | $ 2,200,000 | $ 275,000 | $ 129,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 7 | $ 2,185,000 | $ 312,142 | $ 367,000 |
| Louisville/Jefferson County, KY-IN | 6 | $ 880,000 | $ 146,666 | $ 110,000 |
| Springfield, OH | 6 | $ 1,130,000 | $ 188,333 | $ 130,000 |
| Knoxville, TN | 5 | $ 1,145,000 | $ 229,000 | $ 124,000 |
| Lansing-East Lansing, MI | 5 | $ 795,000 | $ 159,000 | $ 102,000 |
| Rockford, IL | 5 | $ 605,000 | $ 121,000 | $ 74,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 5 | $ 3,825,000 | $ 765,000 | $ 412,000 |
| Elkhart-Goshen, IN | 4 | $ 690,000 | $ 172,500 | $ 106,000 |
| Kankakee, IL | 4 | $ 610,000 | $ 152,500 | $ 83,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 2,550,000 | $ 637,500 | $ 724,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 4 | $ 1,410,000 | $ 352,500 | $ 134,250 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 405,000 | $ 135,000 | $ 164,000 |
| Jacksonville, FL | 3 | $ 715,000 | $ 238,333 | $ 72,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 3 | $ 635,000 | $ 211,666 | $ 134,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 1,115,000 | $ 371,666 | $ 509,000 |
| Orlando-Kissimmee-Sanford, FL | 3 | $ 785,000 | $ 261,666 | $ 238,000 |
| St. Louis, MO-IL | 3 | $ 725,000 | $ 241,666 | $ 430,666 |
| Terre Haute, IN | 3 | $ 185,000 | $ 61,666 | $ 122,000 |
| Denver-Aurora-Lakewood, CO | 2 | $ 510,000 | $ 255,000 | $ 59,000 |
| Flint, MI | 2 | $ 260,000 | $ 130,000 | $ 477,000 |
| Grand Junction, CO | 2 | $ 350,000 | $ 175,000 | $ 140,000 |
| Homosassa Springs, FL | 2 | $ 280,000 | $ 140,000 | $ 57,000 |
| Jackson, MI | 2 | $ 330,000 | $ 165,000 | $ 1,092,000 |
| Joplin, MO | 2 | $ 190,000 | $ 95,000 | $ 209,000 |
| Lakeland-Winter Haven, FL | 2 | $ 190,000 | $ 95,000 | $ 62,000 |
| Las Vegas-Henderson-Paradise, NV | 2 | $ 490,000 | $ 245,000 | $ 152,000 |
| Mansfield, OH | 2 | $ 360,000 | $ 180,000 | $ 122,000 |
| Niles-Benton Harbor, MI | 2 | $ 380,000 | $ 190,000 | $ 132,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 380,000 | $ 190,000 | $ 51,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 300,000 | $ 150,000 | $ 149,000 |
| Peoria, IL | 2 | $ 350,000 | $ 175,000 | $ 109,000 |
| Portland-South Portland, ME | 2 | $ 1,230,000 | $ 615,000 | $ 368,000 |
| Raleigh, NC | 2 | $ 390,000 | $ 195,000 | $ 62,000 |
| Youngstown-Warren-Boardman, OH-PA | 2 | $ 240,000 | $ 120,000 | $ 90,000 |
| Asheville, NC | 1 | $ 275,000 | $ 275,000 | $ 52,000 |
| Athens-Clarke County, GA | 1 | $ 205,000 | $ 205,000 | $ 145,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 275,000 | $ 275,000 | $ 123,000 |
| Battle Creek, MI | 1 | $ 205,000 | $ 205,000 | $ 133,000 |
| Bloomington, IL | 1 | $ 215,000 | $ 215,000 | $ 109,000 |
| Bowling Green, KY | 1 | $ 145,000 | $ 145,000 | $ 47,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 885,000 | $ 885,000 | $ 315,000 |
| Champaign-Urbana, IL | 1 | $ 19,845,000 | $ 19,845,000 | $ 0 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 125,000 | $ 125,000 | $ 200,000 |
| Chattanooga, TN-GA | 1 | $ 65,000 | $ 65,000 | $ 60,000 |
| Danville, IL | 1 | $ 145,000 | $ 145,000 | $ 160,000 |
| Duluth, MN-WI | 1 | $ 335,000 | $ 335,000 | $ 296,000 |
| Evansville, IN-KY | 1 | $ 175,000 | $ 175,000 | $ 94,000 |
| Houston-The Woodlands-Sugar Land, TX | 1 | $ 1,075,000 | $ 1,075,000 | $ 257,000 |
| Kahului-Wailuku-Lahaina, HI | 1 | $ 935,000 | $ 935,000 | $ 364,000 |
| Kalamazoo-Portage, MI | 1 | $ 185,000 | $ 185,000 | $ 2,004,000 |
| Lexington-Fayette, KY | 1 | $ 675,000 | $ 675,000 | $ 276,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 1,365,000 | $ 1,365,000 | $ 300,000 |
| McAllen-Edinburg-Mission, TX | 1 | $ 215,000 | $ 215,000 | $ 217,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 195,000 | $ 195,000 | $ 113,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 385,000 | $ 385,000 | $ 120,000 |
| New York-Jersey City-White Plains, NY-NJ | 1 | $ 345,000 | $ 345,000 | $ 2,880,000 |
| New York-Newark, NY | 1 | $ 885,000 | $ 885,000 | $ 375,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 555,000 | $ 555,000 | $ 512,000 |
| Pocatello, ID | 1 | $ 115,000 | $ 115,000 | $ 128,000 |
| Port St. Lucie, FL | 1 | $ 135,000 | $ 135,000 | $ 63,000 |
| Punta Gorda, FL | 1 | $ 255,000 | $ 255,000 | $ 199,000 |
| Richmond, VA | 1 | $ 335,000 | $ 335,000 | $ 100,000 |
| Saginaw, MI | 1 | $ 55,000 | $ 55,000 | $ 110,000 |
| Salt Lake City, UT | 1 | $ 65,000 | $ 65,000 | $ 130,000 |
| San Antonio-New Braunfels, TX | 1 | $ 375,000 | $ 375,000 | $ 199,000 |
| San Diego-Carlsbad, CA | 1 | $ 405,000 | $ 405,000 | $ 104,000 |
| Savannah, GA | 1 | $ 225,000 | $ 225,000 | $ 387,000 |
| The Villages, FL | 1 | $ 485,000 | $ 485,000 | $ 132,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 105,000 | $ 105,000 | $ 219,000 |
| Weirton-Steubenville, WV-OH | 1 | $ 95,000 | $ 95,000 | $ 60,000 |
| Wilmington, NC | 1 | $ 195,000 | $ 195,000 | $ 40,000 |
Mortgage Loan Application Detail Totals for First Merchants Bank in 2020
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 |
|---|---|---|---|---|---|---|
| Refinancing | 4,404 | $748,300,000 | $169,000 | $5,905,000 | $143,000 | $6,696,000 |
| Other Purpose | 2,295 | $195,215,000 | $85,000 | $2,005,000 | $118,000 | $7,773,000 |
| Home Purchase | 2,288 | $519,580,000 | $227,000 | $13,835,000 | $116,000 | $6,252,000 |
| Cash-out Refinancing | 1,123 | $306,585,000 | $273,000 | $19,845,000 | $140,000 | $6,720,000 |
| Home Improvement | 877 | $74,375,000 | $84,000 | $1,705,000 | $102,000 | $3,300,000 |
| 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 | 8,067 | $1,244,255,000 | $154,000 | $4,405,000 | $128,000 | $6,252,000 |
| Not Provided | 1,457 | $219,855,000 | $150,000 | $2,005,000 | $157,000 | $6,720,000 |
| Black or African American | 455 | $54,965,000 | $120,000 | $1,365,000 | $67,000 | $1,013,000 |
| Asian | 440 | $64,770,000 | $147,000 | $1,995,000 | $82,000 | $2,806,000 |
| Not applicable | 306 | $218,580,000 | $714,000 | $19,845,000 | $0 | $0 |
| Hispanic | 177 | $25,535,000 | $144,000 | $795,000 | $135,000 | $7,773,000 |
| American Indian or Alaskan Native | 26 | $4,080,000 | $156,000 | $955,000 | $141,000 | $1,176,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $1,050,000 | $525,000 | $935,000 | $307,000 | $364,000 |
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) | 10,717 | $1,803,685,000 | $168,000 | $19,845,000 | $130,000 | $7,773,000 |
| FHA-insured (Federal Housing Administration) | 159 | $23,325,000 | $146,000 | $365,000 | $56,000 | $252,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 74 | $8,690,000 | $117,000 | $235,000 | $45,000 | $89,000 |
| VA-guaranteed (Veterans Administration) | 37 | $8,355,000 | $225,000 | $425,000 | $101,000 | $852,000 |
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 | 6,635 | $1,164,315,000 | $175,000 | $19,845,000 | $119,000 | $2,588,000 |
| Application Denied By Financial Institution | 1,864 | $209,200,000 | $112,000 | $2,205,000 | $80,000 | $4,135,000 |
| Application Withdrawn By Applicant | 1,859 | $386,375,000 | $207,000 | $11,705,000 | $208,000 | $7,773,000 |
| File Closed For Incompleteness | 549 | $73,875,000 | $134,000 | $2,595,000 | $139,000 | $6,252,000 |
| Application Approved But Not Accepted | 80 | $10,290,000 | $128,000 | $1,605,000 | $155,000 | $1,873,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 | 9,123 | $1,634,855,000 | $179,000 | $19,845,000 | $139,000 | $7,773,000 |
| Debt-To-Income Ratio | 715 | $76,785,000 | $107,000 | $1,635,000 | $59,000 | $481,000 |
| Credit History | 655 | $60,865,000 | $92,000 | $1,005,000 | $70,000 | $780,000 |
| Collateral | 267 | $29,985,000 | $112,000 | $1,335,000 | $110,000 | $2,500,000 |
| Unverifiable Information | 118 | $22,330,000 | $189,000 | $1,045,000 | $182,000 | $4,135,000 |
| Other | 60 | $12,450,000 | $207,000 | $2,205,000 | $102,000 | $707,000 |
| Employment History | 33 | $4,255,000 | $128,000 | $435,000 | $55,000 | $238,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 16 | $2,530,000 | $158,000 | $465,000 | $92,000 | $624,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Merchants Bank's 2020 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 Merchants Bank'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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