First Merchants Bank Mortgage Lending & HMDA Data, 2016

In 2016, First Merchants Bank of Muncie, IN reported 5,457 mortgage applications totaling $819.2 million. The average application was for $150,112, and applicants reported an average income of $84,059. 50% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Indianapolis-Carmel-Anderson, IN (1,215), Lafayette-West Lafayette, IN (422) and Muncie, IN (393) (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 2019  2018  2017  2016  
Total Number of Mortgage Applications 5,457
Total Mortgage Loan Application Amount $819,164,000
Average Mortgage Loan Application Amount $150,112
Highest Mortgage Loan Application Amount $17,413,000
Average Applicant Income $84,059
Highest Applicant Income $6,975,000

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(HMDA) records First Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

Mortgage Loan Application Totals for First Merchants Bank by County in 2016

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Delaware, Indiana 393 $ 41,771,000 $ 106,287 $ 74,000
Tippecanoe, Indiana 363 $ 52,592,000 $ 144,881 $ 74,000
Hamilton, Indiana 304 $ 62,766,000 $ 206,467 $ 111,000
Lake, Indiana 265 $ 36,665,000 $ 138,358 $ 73,000
Madison, Indiana 247 $ 24,505,000 $ 99,210 $ 61,000
Marion, Indiana 244 $ 46,725,000 $ 191,495 $ 104,000
Franklin, Ohio 160 $ 51,439,000 $ 321,493 $ 147,000
Cook, Illinois 158 $ 48,179,000 $ 304,930 $ 81,000
Henry, Indiana 153 $ 12,410,000 $ 81,111 $ 64,000
Johnson, Indiana 116 $ 15,487,000 $ 133,508 $ 97,000
White, Indiana 115 $ 12,850,000 $ 111,739 $ 84,000
Hendricks, Indiana 102 $ 13,945,000 $ 136,715 $ 77,000
Adams, Indiana 99 $ 13,418,000 $ 135,535 $ 64,000
Randolph, Indiana 91 $ 6,964,000 $ 76,527 $ 87,000
Jay, Indiana 78 $ 4,683,000 $ 60,038 $ 55,000
Wayne, Indiana 59 $ 11,043,000 $ 187,169 $ 112,000
Carroll, Indiana 55 $ 6,202,000 $ 112,763 $ 79,000
Hancock, Indiana 55 $ 8,740,000 $ 158,909 $ 87,000
Clinton, Indiana 50 $ 3,568,000 $ 71,360 $ 54,000
Shelby, Indiana 49 $ 4,690,000 $ 95,714 $ 67,000
Porter, Indiana 47 $ 7,751,000 $ 164,914 $ 102,000
Jasper, Indiana 44 $ 4,717,000 $ 107,204 $ 52,000
Wabash, Indiana 42 $ 3,918,000 $ 93,285 $ 76,000
Morgan, Indiana 40 $ 5,675,000 $ 141,875 $ 91,000
Montgomery, Indiana 39 $ 3,701,000 $ 94,897 $ 64,000
Fayette, Indiana 34 $ 1,676,000 $ 49,294 $ 58,000
Delaware, Ohio 32 $ 7,791,000 $ 243,468 $ 141,000
Boone, Indiana 30 $ 10,373,000 $ 345,766 $ 249,000
Brown, Indiana 25 $ 3,336,000 $ 133,440 $ 102,000
Union, Indiana 24 $ 2,150,000 $ 89,583 $ 80,000
Fairfield, Ohio 24 $ 4,193,000 $ 174,708 $ 278,000
DuPage, Illinois 18 $ 7,680,000 $ 426,666 $ 204,000
Miami, Indiana 18 $ 1,305,000 $ 72,500 $ 77,000
Wells, Indiana 14 $ 1,947,000 $ 139,071 $ 164,000
Union, Ohio 14 $ 3,047,000 $ 217,642 $ 110,000
Will, Illinois 13 $ 4,055,000 $ 311,923 $ 93,000
Allen, Indiana 13 $ 1,833,000 $ 141,000 $ 92,000
Howard, Indiana 12 $ 5,232,000 $ 436,000 $ 50,000
Rush, Indiana 12 $ 1,058,000 $ 88,166 $ 84,000
Butler, Ohio 12 $ 3,242,000 $ 270,166 $ 73,000
Blackford, Indiana 11 $ 1,289,000 $ 117,181 $ 48,000
Licking, Ohio 9 $ 1,930,000 $ 214,444 $ 93,000
Fountain, Indiana 8 $ 878,000 $ 109,750 $ 55,000
Bartholomew, Indiana 7 $ 912,000 $ 130,285 $ 53,000
Newton, Indiana 7 $ 480,000 $ 68,571 $ 52,000
Sarasota, Florida 6 $ 3,521,000 $ 586,833 $ 622,000
Grant, Indiana 6 $ 1,190,000 $ 198,333 $ 64,000
LaPorte, Indiana 6 $ 1,818,000 $ 303,000 $ 113,000
Collier, Florida 5 $ 2,317,000 $ 463,400 $ 269,000
Lee, Florida 5 $ 1,055,000 $ 211,000 $ 229,000
Cass, Indiana 5 $ 364,000 $ 72,800 $ 67,000
Monroe, Indiana 5 $ 973,000 $ 194,600 $ 73,000
Tipton, Indiana 5 $ 260,000 $ 52,000 $ 38,000
Clark, Ohio 5 $ 1,649,000 $ 329,800 $ 68,000
Madison, Ohio 5 $ 985,000 $ 197,000 $ 67,000
Preble, Ohio 5 $ 365,000 $ 73,000 $ 54,000
Benton, Indiana 4 $ 482,000 $ 120,500 $ 114,000
Pulaski, Indiana 4 $ 414,000 $ 103,500 $ 61,000
Whitley, Indiana 4 $ 828,000 $ 207,000 $ 162,000
Ottawa, Michigan 4 $ 802,000 $ 200,500 $ 226,000
Stark, Ohio 4 $ 593,000 $ 148,250 $ 61,000
Decatur, Indiana 3 $ 249,000 $ 83,000 $ 41,000
Kosciusko, Indiana 3 $ 625,000 $ 208,333 $ 200,000
Parke, Indiana 3 $ 376,000 $ 125,333 $ 45,000
Putnam, Indiana 3 $ 772,000 $ 257,333 $ 109,000
Steuben, Indiana 3 $ 1,181,000 $ 393,666 $ 2,464,000
Vigo, Indiana 3 $ 341,000 $ 113,666 $ 17,000
Warren, Indiana 3 $ 218,000 $ 72,666 $ 32,000
Van Buren, Michigan 3 $ 365,000 $ 121,666 $ 183,000
Hamilton, Ohio 3 $ 152,000 $ 50,666 $ 97,000
Mercer, Ohio 3 $ 296,000 $ 98,666 $ 40,000
Montgomery, Ohio 3 $ 195,000 $ 65,000 $ 68,000
Maricopa, Arizona 2 $ 341,000 $ 170,500 $ 74,000
Hillsborough, Florida 2 $ 161,000 $ 80,500 $ 81,000
Manatee, Florida 2 $ 249,000 $ 124,500 $ 441,000
Orange, Florida 2 $ 256,000 $ 128,000 $ 104,000
Polk, Florida 2 $ 250,000 $ 125,000 $ 49,000
Kane, Illinois 2 $ 2,034,000 $ 1,017,000 $ 53,000
Huntington, Indiana 2 $ 251,000 $ 125,500 $ 82,000
Marshall, Indiana 2 $ 3,623,000 $ 1,811,500 $ 4,640,000
Harrison, Kentucky 2 $ 286,000 $ 143,000 $ 34,000
Gogebic, Michigan 2 $ 493,000 $ 246,500 $ 203,000
Wayne, Michigan 2 $ 245,000 $ 122,500 $ 70,000
St. Louis City, Missouri 2 $ 319,000 $ 159,500 $ 61,000
Cuyahoga, Ohio 2 $ 273,000 $ 136,500 $ 57,000
Hocking, Ohio 2 $ 368,000 $ 184,000 $ 26,000
Knox, Ohio 2 $ 331,000 $ 165,500 $ 481,000
Logan, Ohio 2 $ 381,000 $ 190,500 $ 75,000
Allegheny, Pennsylvania 2 $ 241,000 $ 120,500 $ 79,000
Tyler, West Virginia 2 $ 188,000 $ 94,000 $ 153,000
Pima, Arizona 1 $ 153,000 $ 153,000 $ 54,000
Adams, Colorado 1 $ 228,000 $ 228,000 $ 70,000
Denver, Colorado 1 $ 133,000 $ 133,000 $ 62,000
El Paso, Colorado 1 $ 160,000 $ 160,000 $ 96,000
Summit, Colorado 1 $ 415,000 $ 415,000 $ 313,000
Charlotte, Florida 1 $ 70,000 $ 70,000 $ 83,000
Citrus, Florida 1 $ 205,000 $ 205,000 $ 83,000
Marion, Florida 1 $ 84,000 $ 84,000 $ 247,000
Miami-Dade, Florida 1 $ 500,000 $ 500,000 $ 332,000
Okaloosa, Florida 1 $ 236,000 $ 236,000 $ 168,000
Palm Beach, Florida 1 $ 167,000 $ 167,000 $ 490,000
Pasco, Florida 1 $ 138,000 $ 138,000 $ 54,000
Pinellas, Florida 1 $ 220,000 $ 220,000 $ 1,211,000
Sumter, Florida 1 $ 301,000 $ 301,000 $ 348,000
Cobb, Georgia 1 $ 110,000 $ 110,000 $ 45,000
Gwinnett, Georgia 1 $ 99,000 $ 99,000 $ 103,000
Maui, Hawaii 1 $ 350,000 $ 350,000 $ 211,000
Canyon, Idaho 1 $ 50,000 $ 50,000 $ 886,000
Grundy, Illinois 1 $ 709,000 $ 709,000 $ 0
McLean, Illinois 1 $ 7,075,000 $ 7,075,000 $ 0
DeKalb, Indiana 1 $ 124,000 $ 124,000 $ 27,000
Elkhart, Indiana 1 $ 32,000 $ 32,000 $ 26,000
Franklin, Indiana 1 $ 8,000 $ 8,000 $ 43,000
Jefferson, Indiana 1 $ 270,000 $ 270,000 $ 136,000
LaGrange, Indiana 1 $ 31,000 $ 31,000 $ 120,000
Lawrence, Indiana 1 $ 91,000 $ 91,000 $ 51,000
Noble, Indiana 1 $ 193,000 $ 193,000 $ 124,000
Owen, Indiana 1 $ 70,000 $ 70,000 $ 32,000
Ripley, Indiana 1 $ 95,000 $ 95,000 $ 40,000
Spencer, Indiana 1 $ 55,000 $ 55,000 $ 16,000
St. Joseph, Indiana 1 $ 192,000 $ 192,000 $ 146,000
Vermillion, Indiana 1 $ 78,000 $ 78,000 $ 53,000
Dubuque, Iowa 1 $ 125,000 $ 125,000 $ 42,000
Bullitt, Kentucky 1 $ 144,000 $ 144,000 $ 59,000
Henderson, Kentucky 1 $ 115,000 $ 115,000 $ 94,000
Rapides, Louisiana 1 $ 106,000 $ 106,000 $ 227,000
Barry, Michigan 1 $ 158,000 $ 158,000 $ 152,000
Cass, Michigan 1 $ 193,000 $ 193,000 $ 132,000
Cheboygan, Michigan 1 $ 52,000 $ 52,000 $ 54,000
Emmet, Michigan 1 $ 114,000 $ 114,000 $ 357,000
Grand Traverse, Michigan 1 $ 364,000 $ 364,000 $ 544,000
Jackson, Michigan 1 $ 63,000 $ 63,000 $ 33,000
Kent, Michigan 1 $ 215,000 $ 215,000 $ 120,000
Leelanau, Michigan 1 $ 490,000 $ 490,000 $ 743,000
Macomb, Michigan 1 $ 165,000 $ 165,000 $ 77,000
Oakland, Michigan 1 $ 145,000 $ 145,000 $ 59,000
St. Joseph, Michigan 1 $ 417,000 $ 417,000 $ 531,000
Cass, Minnesota 1 $ 83,000 $ 83,000 $ 125,000
Stearns, Minnesota 1 $ 220,000 $ 220,000 $ 160,000
Jackson, Missouri 1 $ 102,000 $ 102,000 $ 198,000
Platte, Missouri 1 $ 126,000 $ 126,000 $ 420,000
Mineral, Montana 1 $ 40,000 $ 40,000 $ 22,000
Santa Fe, New Mexico 1 $ 25,000 $ 25,000 $ 44,000
Mecklenburg, North Carolina 1 $ 17,413,000 $ 17,413,000 $ 0
Athens, Ohio 1 $ 195,000 $ 195,000 $ 51,000
Clermont, Ohio 1 $ 65,000 $ 65,000 $ 166,000
Darke, Ohio 1 $ 5,000 $ 5,000 $ 37,000
Erie, Ohio 1 $ 124,000 $ 124,000 $ 104,000
Geauga, Ohio 1 $ 516,000 $ 516,000 $ 173,000
Hardin, Ohio 1 $ 79,000 $ 79,000 $ 65,000
Lucas, Ohio 1 $ 71,000 $ 71,000 $ 47,000
Medina, Ohio 1 $ 447,000 $ 447,000 $ 954,000
Morrow, Ohio 1 $ 368,000 $ 368,000 $ 344,000
Portage, Ohio 1 $ 170,000 $ 170,000 $ 293,000
Shelby, Ohio 1 $ 136,000 $ 136,000 $ 121,000
Van Wert, Ohio 1 $ 5,000 $ 5,000 $ 13,000
Warren, Ohio 1 $ 320,000 $ 320,000 $ 210,000
Clackamas, Oregon 1 $ 407,000 $ 407,000 $ 373,000
Douglas, Oregon 1 $ 164,000 $ 164,000 $ 44,000
Washington, Oregon 1 $ 215,000 $ 215,000 $ 66,000
Charleston, South Carolina 1 $ 110,000 $ 110,000 $ 143,000
Claiborne, Tennessee 1 $ 200,000 $ 200,000 $ 491,000
Pickett, Tennessee 1 $ 97,000 $ 97,000 $ 61,000
Williamson, Tennessee 1 $ 800,000 $ 800,000 $ 96,000
Dallas, Texas 1 $ 70,000 $ 70,000 $ 180,000
Hood, Texas 1 $ 239,000 $ 239,000 $ 80,000
Matagorda, Texas 1 $ 236,000 $ 236,000 $ 287,000
McLennan, Texas 1 $ 75,000 $ 75,000 $ 24,000
Parker, Texas 1 $ 409,000 $ 409,000 $ 250,000
Taylor, Texas 1 $ 5,000 $ 5,000 $ 105,000
Roanoke, Virginia 1 $ 10,000 $ 10,000 $ 8,000
Dane, Wisconsin 1 $ 271,000 $ 271,000 $ 93,000
Door, Wisconsin 1 $ 340,000 $ 340,000 $ 179,000
Iron, Wisconsin 1 $ 417,000 $ 417,000 $ 464,000

Mortgage Loan Application Detail Totals for First Merchants Bank in 2016

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 3,056 $444,315,000 $145,000 $17,413,000 $76,000 $6,975,000
Refinancing 1,840 $348,073,000 $189,000 $13,600,000 $106,000 $4,722,000
Home Improvement 561 $26,776,000 $47,000 $2,207,000 $56,000 $600,000

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 3,933 $504,503,000 $128,000 $2,554,000 $94,000 $6,975,000
Not Provided 825 $107,966,000 $130,000 $800,000 $79,000 $1,800,000
Not applicable 298 $162,852,000 $546,000 $17,413,000 $0 $83,000
Hispanic 176 $16,665,000 $94,000 $405,000 $59,000 $318,000
Black or African American 152 $12,805,000 $84,000 $400,000 $54,000 $600,000
Asian 57 $12,095,000 $212,000 $1,270,000 $140,000 $1,211,000
American Indian or Alaskan Native 12 $1,069,000 $89,000 $250,000 $46,000 $92,000
Native Hawaiin or Other Pacific Islander 4 $1,209,000 $302,000 $800,000 $88,000 $102,000

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) 4,173 $672,355,000 $161,000 $17,413,000 $95,000 $6,975,000
FHA-insured (Federal Housing Administration) 736 $86,620,000 $117,000 $344,000 $52,000 $1,800,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 416 $39,151,000 $94,000 $325,000 $42,000 $527,000
VA-guaranteed (Veterans Administration) 132 $21,038,000 $159,000 $667,000 $64,000 $226,000

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 2,741 $470,541,000 $171,000 $17,413,000 $100,000 $6,975,000
Preapproval Denied by Financial Institution 1,489 $172,091,000 $115,000 $784,000 $57,000 $1,800,000
Application Denied By Financial Institution 770 $90,763,000 $117,000 $2,220,000 $66,000 $1,350,000
Application Withdrawn By Applicant 296 $55,170,000 $186,000 $1,520,000 $122,000 $4,722,000
Application Approved But Not Accepted 87 $16,339,000 $187,000 $2,405,000 $101,000 $1,418,000
File Closed For Incompleteness 42 $8,757,000 $208,000 $2,100,000 $90,000 $540,000
Preapproval Approved but not Accepted 32 $5,503,000 $171,000 $718,000 $108,000 $1,098,000
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
Credit Application Incomplete 872 $119,708,000 $137,000 $1,240,000 $68,000 $1,350,000
Credit History 821 $74,478,000 $90,000 $2,032,000 $54,000 $1,800,000
Debt-To-Income Ratio 301 $34,281,000 $113,000 $1,900,000 $42,000 $235,000
Collateral 161 $22,307,000 $138,000 $2,220,000 $82,000 $544,000
Employment History 44 $4,830,000 $109,000 $620,000 $47,000 $165,000
Unverifiable Information 27 $3,007,000 $111,000 $238,000 $53,000 $166,000
Insufficient Cash (Downpayment, Closing Cost) 17 $2,246,000 $132,000 $600,000 $93,000 $745,000
Other 16 $1,997,000 $124,000 $353,000 $47,000 $141,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into First Merchants Bank's 2016 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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