First Merchants Bank Mortgage Lending & HMDA Data, 2021
In 2021, First Merchants Bank of Muncie, IN reported 10,167 mortgage applications totaling $2.1 billion, down 7% from 2020. The average application was for $206,680, and applicants reported an average income of $114,475. 69% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Indianapolis-Carmel-Anderson, IN (2,936), Gary, IN (811) and Fort Wayne, IN (790) (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 | 10,167 |
| Total Mortgage Loan Application Amount | $2,101,325,000 |
| Average Mortgage Loan Application Amount | $206,680 |
| Highest Mortgage Loan Application Amount | $68,005,000 |
| Average Applicant Income | $114,475 |
| Highest Applicant Income | $5,693,000 |
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Act (HMDA) records First Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 2,936 | $ 502,690,000 | $ 171,215 | $ 102,000 |
| Outside any metro area | 1,849 | $ 256,895,000 | $ 138,937 | $ 87,998 |
| Gary, IN | 811 | $ 120,445,000 | $ 148,514 | $ 112,000 |
| Fort Wayne, IN | 790 | $ 133,870,000 | $ 169,455 | $ 85,000 |
| Lafayette-West Lafayette, IN | 775 | $ 93,485,000 | $ 120,625 | $ 86,000 |
| Columbus, OH | 710 | $ 218,010,000 | $ 307,056 | $ 224,000 |
| Muncie, IN | 550 | $ 72,090,000 | $ 131,072 | $ 101,000 |
| Monroe, MI | 493 | $ 59,715,000 | $ 121,125 | $ 97,000 |
| Chicago-Naperville, IL | 373 | $ 105,345,000 | $ 282,426 | $ 126,000 |
| Detroit-Dearborn-Livonia, MI | 287 | $ 45,285,000 | $ 157,787 | $ 133,000 |
| Cincinnati, OH-KY-IN | 79 | $ 13,655,000 | $ 172,848 | $ 103,746 |
| Toledo, OH | 79 | $ 18,065,000 | $ 228,670 | $ 94,000 |
| Warren-Troy-Farmington Hills, MI | 57 | $ 11,835,000 | $ 207,631 | $ 169,000 |
| Ann Arbor, MI | 23 | $ 6,205,000 | $ 269,782 | $ 176,000 |
| Elgin, IL | 18 | $ 6,050,000 | $ 336,111 | $ 167,000 |
| Kokomo, IN | 17 | $ 9,375,000 | $ 551,470 | $ 68,000 |
| South Bend-Mishawaka, IN-MI | 17 | $ 4,155,000 | $ 244,411 | $ 315,588 |
| Naples-Immokalee-Marco Island, FL | 16 | $ 12,370,000 | $ 773,125 | $ 836,000 |
| North Port-Sarasota-Bradenton, FL | 16 | $ 6,570,000 | $ 410,625 | $ 365,000 |
| Bloomington, IN | 14 | $ 53,520,000 | $ 3,822,857 | $ 91,000 |
| Cleveland-Elyria, OH | 14 | $ 2,240,000 | $ 160,000 | $ 122,000 |
| Michigan City-La Porte, IN | 14 | $ 3,200,000 | $ 228,571 | $ 103,000 |
| Cape Coral-Fort Myers, FL | 12 | $ 5,560,000 | $ 463,333 | $ 401,000 |
| Elkhart-Goshen, IN | 10 | $ 15,480,000 | $ 1,548,000 | $ 78,000 |
| Terre Haute, IN | 10 | $ 16,350,000 | $ 1,635,000 | $ 180,000 |
| Dayton-Springfield-Kettering, OH | 8 | $ 1,740,000 | $ 217,500 | $ 174,000 |
| Grand Rapids-Wyoming, MI | 8 | $ 1,940,000 | $ 242,500 | $ 85,000 |
| Lake County-Kenosha County, IL-WI | 8 | $ 2,440,000 | $ 305,000 | $ 181,000 |
| Lansing-East Lansing, MI | 7 | $ 15,095,000 | $ 2,156,428 | $ 79,000 |
| Akron, OH | 6 | $ 2,470,000 | $ 411,666 | $ 175,000 |
| Charleston-North Charleston, SC | 6 | $ 7,360,000 | $ 1,226,666 | $ 382,000 |
| Charlotte-Concord-Gastonia, NC-SC | 5 | $ 20,505,000 | $ 4,101,000 | $ 220,000 |
| Tampa-St. Petersburg-Clearwater, FL | 5 | $ 1,755,000 | $ 351,000 | $ 486,000 |
| Evansville, IN-KY | 4 | $ 460,000 | $ 115,000 | $ 62,000 |
| Greenville-Anderson-Mauldin, SC | 4 | $ 570,000 | $ 142,500 | $ 1,128,000 |
| Jacksonville, FL | 4 | $ 740,000 | $ 185,000 | $ 71,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 2,400,000 | $ 600,000 | $ 1,205,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 4 | $ 2,900,000 | $ 725,000 | $ 1,186,000 |
| Atlanta-Sandy Springs-Roswell, GA | 3 | $ 2,495,000 | $ 831,666 | $ 302,000 |
| Columbus, IN | 3 | $ 655,000 | $ 218,333 | $ 57,000 |
| Crestview-Fort Walton Beach-Destin, FL | 3 | $ 1,125,000 | $ 375,000 | $ 952,000 |
| Denver-Aurora-Lakewood, CO | 3 | $ 1,155,000 | $ 385,000 | $ 382,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 1,535,000 | $ 511,666 | $ 520,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 3 | $ 1,565,000 | $ 521,666 | $ 239,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 1,155,000 | $ 385,000 | $ 160,000 |
| Niles-Benton Harbor, MI | 3 | $ 1,205,000 | $ 401,666 | $ 650,000 |
| Phoenix-Mesa-Scottsdale, AZ | 3 | $ 645,000 | $ 215,000 | $ 196,000 |
| San Diego-Carlsbad, CA | 3 | $ 1,425,000 | $ 475,000 | $ 611,000 |
| St. Louis, MO-IL | 3 | $ 725,000 | $ 241,666 | $ 489,000 |
| Daphne-Fairhope-Foley, AL | 2 | $ 590,000 | $ 295,000 | $ 67,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 980,000 | $ 490,000 | $ 283,000 |
| Durham-Chapel Hill, NC | 2 | $ 720,000 | $ 360,000 | $ 37,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 2 | $ 1,430,000 | $ 715,000 | $ 571,000 |
| Flint, MI | 2 | $ 310,000 | $ 155,000 | $ 72,000 |
| Jackson, MI | 2 | $ 210,000 | $ 105,000 | $ 125,000 |
| Lakeland-Winter Haven, FL | 2 | $ 520,000 | $ 260,000 | $ 210,000 |
| Milwaukee-Waukesha-West Allis, WI | 2 | $ 21,940,000 | $ 10,970,000 | $ 908,000 |
| Muskegon, MI | 2 | $ 210,000 | $ 105,000 | $ 648,000 |
| Oakland-Hayward-Berkeley, CA | 2 | $ 1,810,000 | $ 905,000 | $ 834,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 1,510,000 | $ 755,000 | $ 537,000 |
| Pittsburgh, PA | 2 | $ 370,000 | $ 185,000 | $ 150,000 |
| Punta Gorda, FL | 2 | $ 580,000 | $ 290,000 | $ 305,000 |
| Raleigh, NC | 2 | $ 830,000 | $ 415,000 | $ 173,000 |
| Salem, OR | 2 | $ 510,000 | $ 255,000 | $ 70,000 |
| Savannah, GA | 2 | $ 1,020,000 | $ 510,000 | $ 0 |
| Sebastian-Vero Beach, FL | 2 | $ 210,000 | $ 105,000 | $ 105,000 |
| The Villages, FL | 2 | $ 310,000 | $ 155,000 | $ 64,000 |
| Alexandria, LA | 1 | $ 65,000 | $ 65,000 | $ 110,000 |
| Anaheim-Santa Ana-Irvine, CA | 1 | $ 945,000 | $ 945,000 | $ 1,452,000 |
| Asheville, NC | 1 | $ 545,000 | $ 545,000 | $ 160,000 |
| Austin-Round Rock, TX | 1 | $ 52,425,000 | $ 52,425,000 | $ 0 |
| Bremerton-Silverdale, WA | 1 | $ 1,625,000 | $ 1,625,000 | $ 977,000 |
| Canton-Massillon, OH | 1 | $ 75,000 | $ 75,000 | $ 80,000 |
| Champaign-Urbana, IL | 1 | $ 285,000 | $ 285,000 | $ 125,000 |
| Colorado Springs, CO | 1 | $ 31,405,000 | $ 31,405,000 | $ 0 |
| Des Moines-West Des Moines, IA | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Duluth, MN-WI | 1 | $ 225,000 | $ 225,000 | $ 40,000 |
| Grand Junction, CO | 1 | $ 255,000 | $ 255,000 | $ 77,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 4,025,000 | $ 4,025,000 | $ 5,041,000 |
| Homosassa Springs, FL | 1 | $ 205,000 | $ 205,000 | $ 83,000 |
| Hot Springs, AR | 1 | $ 85,000 | $ 85,000 | $ 31,000 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 175,000 | $ 175,000 | $ 62,000 |
| Kankakee, IL | 1 | $ 95,000 | $ 95,000 | $ 87,000 |
| Lexington-Fayette, KY | 1 | $ 15,755,000 | $ 15,755,000 | $ 0 |
| Madison, WI | 1 | $ 1,045,000 | $ 1,045,000 | $ 555,000 |
| Mansfield, OH | 1 | $ 185,000 | $ 185,000 | $ 58,000 |
| Missoula, MT | 1 | $ 335,000 | $ 335,000 | $ 96,000 |
| Olympia-Tumwater, WA | 1 | $ 1,195,000 | $ 1,195,000 | $ 0 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 215,000 | $ 215,000 | $ 80,000 |
| Parkersburg-Vienna, WV | 1 | $ 195,000 | $ 195,000 | $ 127,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 185,000 | $ 185,000 | $ 122,000 |
| Peoria, IL | 1 | $ 55,000 | $ 55,000 | $ 23,000 |
| Philadelphia, PA | 1 | $ 705,000 | $ 705,000 | $ 255,000 |
| Portland-South Portland, ME | 1 | $ 2,355,000 | $ 2,355,000 | $ 562,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 1 | $ 375,000 | $ 375,000 | $ 285,000 |
| Prescott Valley-Prescott, AZ | 1 | $ 2,145,000 | $ 2,145,000 | $ 0 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 765,000 | $ 765,000 | $ 370,000 |
| Santa Fe, NM | 1 | $ 175,000 | $ 175,000 | $ 71,000 |
| Tallahassee, FL | 1 | $ 68,005,000 | $ 68,005,000 | $ 0 |
| Tucson, AZ | 1 | $ 275,000 | $ 275,000 | $ 666,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 285,000 | $ 285,000 | $ 48,000 |
| Waterloo-Cedar Falls, IA | 1 | $ 115,000 | $ 115,000 | $ 89,000 |
Mortgage Loan Application Detail Totals for First Merchants Bank 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 |
|---|---|---|---|---|---|---|
| Refinancing | 3,475 | $573,665,000 | $165,000 | $14,505,000 | $113,000 | $3,937,000 |
| Home Purchase | 2,511 | $927,315,000 | $369,000 | $68,005,000 | $108,000 | $5,693,000 |
| Other Purpose | 2,350 | $223,930,000 | $95,000 | $3,005,000 | $115,000 | $2,709,000 |
| Cash-out Refinancing | 1,102 | $316,980,000 | $287,000 | $17,195,000 | $143,000 | $5,693,000 |
| Home Improvement | 729 | $59,435,000 | $81,000 | $1,165,000 | $99,000 | $2,178,000 |
| 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 | 7,091 | $1,117,435,000 | $157,000 | $4,025,000 | $120,000 | $5,693,000 |
| Not Provided | 1,344 | $177,270,000 | $131,000 | $5,255,000 | $124,000 | $5,693,000 |
| Black or African American | 662 | $92,280,000 | $139,000 | $955,000 | $67,000 | $1,275,000 |
| Not applicable | 469 | $626,965,000 | $1,336,000 | $68,005,000 | $0 | $0 |
| Asian | 320 | $49,920,000 | $156,000 | $1,405,000 | $61,000 | $754,000 |
| Hispanic | 197 | $25,245,000 | $128,000 | $685,000 | $104,000 | $3,780,000 |
| American Indian or Alaskan Native | 35 | $4,115,000 | $117,000 | $485,000 | $69,000 | $176,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $230,000 | $115,000 | $175,000 | $134,000 | $164,000 |
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) | 9,883 | $2,052,975,000 | $207,000 | $68,005,000 | $116,000 | $5,693,000 |
| FHA-insured (Federal Housing Administration) | 209 | $35,475,000 | $169,000 | $465,000 | $57,000 | $209,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 43 | $5,545,000 | $128,000 | $235,000 | $46,000 | $88,000 |
| VA-guaranteed (Veterans Administration) | 32 | $7,330,000 | $229,000 | $495,000 | $82,000 | $502,000 |
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 | 7,054 | $1,565,580,000 | $221,000 | $68,005,000 | $116,000 | $5,041,000 |
| Application Denied By Financial Institution | 1,416 | $160,690,000 | $113,000 | $1,605,000 | $82,000 | $3,780,000 |
| Application Withdrawn By Applicant | 1,150 | $296,330,000 | $257,000 | $20,505,000 | $141,000 | $5,693,000 |
| File Closed For Incompleteness | 447 | $58,325,000 | $130,000 | $2,005,000 | $125,000 | $1,921,000 |
| Application Approved But Not Accepted | 100 | $20,400,000 | $204,000 | $2,755,000 | $97,000 | $503,000 |
| 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 | 8,751 | $1,940,635,000 | $221,000 | $68,005,000 | $120,000 | $5,693,000 |
| Debt-To-Income Ratio | 534 | $55,740,000 | $104,000 | $1,605,000 | $57,000 | $401,000 |
| Credit History | 499 | $45,965,000 | $92,000 | $745,000 | $76,000 | $1,176,000 |
| Collateral | 186 | $16,770,000 | $90,000 | $1,025,000 | $102,000 | $652,000 |
| Unverifiable Information | 110 | $23,040,000 | $209,000 | $1,395,000 | $192,000 | $3,780,000 |
| Other | 55 | $13,645,000 | $248,000 | $1,265,000 | $87,000 | $270,000 |
| Employment History | 22 | $3,510,000 | $159,000 | $545,000 | $61,000 | $133,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $2,005,000 | $222,000 | $405,000 | $46,000 | $97,000 |
| Credit Application Incomplete | 1 | $15,000 | $15,000 | $15,000 | $122,000 | $122,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Merchants Bank'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 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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