First Merchants Bank Mortgage Lending & HMDA Data, 2017

In 2017, First Merchants Bank of Muncie, IN reported 5,091 mortgage applications totaling $823.9 million, down 7% from 2016. The average application was for $161,827, and applicants reported an average income of $86,747. 59% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Indianapolis-Carmel-Anderson, IN (1,065), Columbus, OH (676) and Lafayette-West Lafayette, IN (361) (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 5,091
Total Mortgage Loan Application Amount $823,862,000
Average Mortgage Loan Application Amount $161,827
Highest Mortgage Loan Application Amount $17,750,000
Average Applicant Income $86,747
Highest Applicant Income $4,524,000

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Act (HMDA) records First Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2017

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Franklin, Ohio 547 $ 128,906,000 $ 235,659 $ 122,000
Delaware, Indiana 339 $ 37,143,000 $ 109,566 $ 63,000
Tippecanoe, Indiana 305 $ 78,301,000 $ 256,724 $ 76,000
Marion, Indiana 239 $ 47,749,000 $ 199,786 $ 109,000
Madison, Indiana 235 $ 19,849,000 $ 84,463 $ 67,000
Lake, Indiana 221 $ 38,669,000 $ 174,972 $ 84,000
Allen, Indiana 211 $ 24,540,000 $ 116,303 $ 50,000
Hamilton, Indiana 211 $ 51,799,000 $ 245,492 $ 131,000
Henry, Indiana 150 $ 16,347,000 $ 108,980 $ 67,000
Cook, Illinois 125 $ 39,754,000 $ 318,032 $ 89,000
White, Indiana 119 $ 13,339,000 $ 112,092 $ 79,000
Johnson, Indiana 95 $ 12,702,000 $ 133,705 $ 72,000
Randolph, Indiana 88 $ 4,212,000 $ 47,863 $ 68,000
Adams, Indiana 87 $ 10,010,000 $ 115,057 $ 62,000
Clinton, Indiana 73 $ 6,673,000 $ 91,410 $ 62,000
Hendricks, Indiana 69 $ 9,894,000 $ 143,391 $ 82,000
Delaware, Ohio 61 $ 16,483,000 $ 270,213 $ 136,000
Shelby, Indiana 52 $ 5,836,000 $ 112,230 $ 51,000
Hancock, Indiana 49 $ 5,368,000 $ 109,551 $ 74,000
Morgan, Indiana 49 $ 7,217,000 $ 147,285 $ 125,000
Carroll, Indiana 48 $ 5,368,000 $ 111,833 $ 85,000
Wayne, Indiana 48 $ 5,428,000 $ 113,083 $ 67,000
Jasper, Indiana 47 $ 4,450,000 $ 94,680 $ 61,000
Jay, Indiana 46 $ 2,356,000 $ 51,217 $ 59,000
Porter, Indiana 39 $ 7,350,000 $ 188,461 $ 98,000
Brown, Indiana 38 $ 3,729,000 $ 98,131 $ 98,000
Montgomery, Indiana 38 $ 4,158,000 $ 109,421 $ 68,000
Wabash, Indiana 36 $ 2,614,000 $ 72,611 $ 53,000
Wells, Indiana 31 $ 3,515,000 $ 113,387 $ 92,000
Fairfield, Ohio 29 $ 5,252,000 $ 181,103 $ 121,000
DuPage, Illinois 23 $ 6,256,000 $ 272,000 $ 146,000
Boone, Indiana 20 $ 5,721,000 $ 286,050 $ 165,000
Fayette, Indiana 20 $ 1,081,000 $ 54,050 $ 55,000
Miami, Indiana 20 $ 1,181,000 $ 59,050 $ 51,000
Huntington, Indiana 19 $ 2,356,000 $ 124,000 $ 55,000
Union, Indiana 19 $ 1,480,000 $ 77,894 $ 71,000
Licking, Ohio 19 $ 3,682,000 $ 193,789 $ 78,000
Will, Illinois 18 $ 3,303,000 $ 183,500 $ 131,000
Blackford, Indiana 14 $ 939,000 $ 67,071 $ 82,000
Howard, Indiana 11 $ 3,646,000 $ 331,454 $ 53,000
Kane, Illinois 10 $ 2,252,000 $ 225,200 $ 95,000
Darke, Ohio 10 $ 544,000 $ 54,400 $ 101,000
Lee, Florida 9 $ 2,493,000 $ 277,000 $ 222,000
Bartholomew, Indiana 9 $ 1,926,000 $ 214,000 $ 163,000
Kosciusko, Indiana 9 $ 2,108,000 $ 234,222 $ 399,000
Benton, Indiana 8 $ 773,000 $ 96,625 $ 50,000
Grant, Indiana 8 $ 530,000 $ 66,250 $ 44,000
LaPorte, Indiana 8 $ 1,264,000 $ 158,000 $ 56,000
Putnam, Indiana 8 $ 1,057,000 $ 132,125 $ 100,000
Rush, Indiana 8 $ 618,000 $ 77,250 $ 47,000
Butler, Ohio 8 $ 1,025,000 $ 128,125 $ 174,000
Collier, Florida 7 $ 4,370,000 $ 624,285 $ 306,000
Monroe, Indiana 7 $ 1,395,000 $ 199,285 $ 111,000
St. Joseph, Indiana 7 $ 766,000 $ 109,428 $ 59,000
Madison, Ohio 7 $ 1,443,000 $ 206,142 $ 119,000
Union, Ohio 7 $ 3,068,000 $ 438,285 $ 233,000
Cass, Indiana 6 $ 761,000 $ 126,833 $ 47,000
Noble, Indiana 6 $ 694,000 $ 115,666 $ 84,000
Hamilton, Ohio 6 $ 868,000 $ 144,666 $ 118,000
Montgomery, Ohio 6 $ 585,000 $ 97,500 $ 93,000
Pulaski, Indiana 5 $ 475,000 $ 95,000 $ 33,000
Whitley, Indiana 5 $ 725,000 $ 145,000 $ 74,000
Knox, Ohio 5 $ 740,000 $ 148,000 $ 64,000
Hillsborough, Florida 4 $ 822,000 $ 205,500 $ 83,000
Sarasota, Florida 4 $ 1,420,000 $ 355,000 $ 288,000
Kendall, Illinois 4 $ 910,000 $ 227,500 $ 105,000
DeKalb, Indiana 4 $ 958,000 $ 239,500 $ 236,000
Fulton, Indiana 4 $ 426,000 $ 106,500 $ 107,000
Marshall, Indiana 4 $ 460,000 $ 115,000 $ 63,000
Parke, Indiana 4 $ 882,000 $ 220,500 $ 78,000
Tipton, Indiana 4 $ 359,000 $ 89,750 $ 51,000
Warren, Indiana 4 $ 224,000 $ 56,000 $ 44,000
Pinellas, Florida 3 $ 253,000 $ 84,333 $ 44,000
Decatur, Indiana 3 $ 525,000 $ 175,000 $ 72,000
Franklin, Indiana 3 $ 231,000 $ 77,000 $ 53,000
LaGrange, Indiana 3 $ 570,000 $ 190,000 $ 161,000
Newton, Indiana 3 $ 278,000 $ 92,666 $ 65,000
Steuben, Indiana 3 $ 515,000 $ 171,666 $ 210,000
Champaign, Ohio 3 $ 321,000 $ 107,000 $ 57,000
Clermont, Ohio 3 $ 887,000 $ 295,666 $ 127,000
Cuyahoga, Ohio 3 $ 273,000 $ 91,000 $ 310,000
Lorain, Ohio 3 $ 277,000 $ 92,333 $ 89,000
Marion, Ohio 3 $ 230,000 $ 76,666 $ 141,000
Pickaway, Ohio 3 $ 594,000 $ 198,000 $ 75,000
Beaufort, South Carolina 3 $ 535,000 $ 178,333 $ 342,000
Maricopa, Arizona 2 $ 150,000 $ 75,000 $ 34,000
Orange, California 2 $ 1,278,000 $ 639,000 $ 653,000
Bay, Florida 2 $ 416,000 $ 208,000 $ 176,000
Broward, Florida 2 $ 258,000 $ 129,000 $ 68,000
Citrus, Florida 2 $ 224,000 $ 112,000 $ 101,000
Palm Beach, Florida 2 $ 621,000 $ 310,500 $ 126,000
Lake, Illinois 2 $ 747,000 $ 373,500 $ 190,000
Elkhart, Indiana 2 $ 251,000 $ 125,500 $ 74,000
Fountain, Indiana 2 $ 91,000 $ 45,500 $ 36,000
Ripley, Indiana 2 $ 186,000 $ 93,000 $ 48,000
Starke, Indiana 2 $ 202,000 $ 101,000 $ 33,000
Vanderburgh, Indiana 2 $ 482,000 $ 241,000 $ 102,000
Berrien, Michigan 2 $ 573,000 $ 286,500 $ 171,000
Morris, New Jersey 2 $ 2,078,000 $ 1,039,000 $ 652,000
Orange, North Carolina 2 $ 2,320,000 $ 1,160,000 $ 2,023,000
Clark, Ohio 2 $ 243,000 $ 121,500 $ 108,000
Erie, Ohio 2 $ 447,000 $ 223,500 $ 202,000
Mahoning, Ohio 2 $ 205,000 $ 102,500 $ 118,000
Perry, Ohio 2 $ 244,000 $ 122,000 $ 49,000
Richland, Ohio 2 $ 170,000 $ 85,000 $ 50,000
Travis, Texas 2 $ 200,000 $ 100,000 $ 325,000
Chambers, Alabama 1 $ 29,000 $ 29,000 $ 8,000
Riverside, California 1 $ 279,000 $ 279,000 $ 108,000
Eagle, Colorado 1 $ 680,000 $ 680,000 $ 175,000
Grand, Colorado 1 $ 120,000 $ 120,000 $ 178,000
Summit, Colorado 1 $ 370,000 $ 370,000 $ 719,000
Hartford, Connecticut 1 $ 329,000 $ 329,000 $ 138,000
Litchfield, Connecticut 1 $ 329,000 $ 329,000 $ 120,000
Manatee, Florida 1 $ 225,000 $ 225,000 $ 108,000
Marion, Florida 1 $ 156,000 $ 156,000 $ 40,000
Miami-Dade, Florida 1 $ 253,000 $ 253,000 $ 267,000
Osceola, Florida 1 $ 400,000 $ 400,000 $ 99,000
Volusia, Florida 1 $ 112,000 $ 112,000 $ 70,000
Cobb, Georgia 1 $ 323,000 $ 323,000 $ 1,392,000
Houston, Georgia 1 $ 60,000 $ 60,000 $ 141,000
Adams, Illinois 1 $ 71,000 $ 71,000 $ 150,000
Bureau, Illinois 1 $ 88,000 $ 88,000 $ 0
Champaign, Illinois 1 $ 102,000 $ 102,000 $ 41,000
DeKalb, Illinois 1 $ 54,000 $ 54,000 $ 49,000
Kankakee, Illinois 1 $ 480,000 $ 480,000 $ 0
Livingston, Illinois 1 $ 210,000 $ 210,000 $ 87,000
McHenry, Illinois 1 $ 46,000 $ 46,000 $ 59,000
Schuyler, Illinois 1 $ 255,000 $ 255,000 $ 165,000
Clark, Indiana 1 $ 175,000 $ 175,000 $ 75,000
Gibson, Indiana 1 $ 115,000 $ 115,000 $ 57,000
Jennings, Indiana 1 $ 378,000 $ 378,000 $ 166,000
Owen, Indiana 1 $ 156,000 $ 156,000 $ 49,000
Anderson, Kentucky 1 $ 57,000 $ 57,000 $ 45,000
Boone, Kentucky 1 $ 321,000 $ 321,000 $ 103,000
Baltimore, Maryland 1 $ 226,000 $ 226,000 $ 156,000
Genesee, Michigan 1 $ 99,000 $ 99,000 $ 40,000
Kalkaska, Michigan 1 $ 76,000 $ 76,000 $ 0
Leelanau, Michigan 1 $ 389,000 $ 389,000 $ 204,000
Macomb, Michigan 1 $ 107,000 $ 107,000 $ 317,000
Van Buren, Michigan 1 $ 263,000 $ 263,000 $ 325,000
Wayne, Michigan 1 $ 76,000 $ 76,000 $ 218,000
Wabasha, Minnesota 1 $ 100,000 $ 100,000 $ 48,000
St. Charles, Missouri 1 $ 120,000 $ 120,000 $ 156,000
Gallatin, Montana 1 $ 523,000 $ 523,000 $ 592,000
Kings, New York 1 $ 1,256,000 $ 1,256,000 $ 330,000
Durham, North Carolina 1 $ 94,000 $ 94,000 $ 31,000
Mecklenburg, North Carolina 1 $ 304,000 $ 304,000 $ 118,000
New Hanover, North Carolina 1 $ 700,000 $ 700,000 $ 666,000
Union, North Carolina 1 $ 300,000 $ 300,000 $ 81,000
Wake, North Carolina 1 $ 145,000 $ 145,000 $ 119,000
Ashland, Ohio 1 $ 130,000 $ 130,000 $ 316,000
Columbiana, Ohio 1 $ 388,000 $ 388,000 $ 249,000
Greene, Ohio 1 $ 321,000 $ 321,000 $ 123,000
Guernsey, Ohio 1 $ 122,000 $ 122,000 $ 0
Hocking, Ohio 1 $ 172,000 $ 172,000 $ 184,000
Holmes, Ohio 1 $ 165,000 $ 165,000 $ 50,000
Huron, Ohio 1 $ 1,060,000 $ 1,060,000 $ 0
Lake, Ohio 1 $ 88,000 $ 88,000 $ 76,000
Logan, Ohio 1 $ 144,000 $ 144,000 $ 145,000
Medina, Ohio 1 $ 567,000 $ 567,000 $ 0
Muskingum, Ohio 1 $ 6,000 $ 6,000 $ 118,000
Sandusky, Ohio 1 $ 64,000 $ 64,000 $ 45,000
Seneca, Ohio 1 $ 106,000 $ 106,000 $ 36,000
Shelby, Ohio 1 $ 109,000 $ 109,000 $ 59,000
Summit, Ohio 1 $ 190,000 $ 190,000 $ 163,000
Van Wert, Ohio 1 $ 62,000 $ 62,000 $ 32,000
Warren, Ohio 1 $ 189,000 $ 189,000 $ 943,000
Wood, Ohio 1 $ 424,000 $ 424,000 $ 192,000
Clackamas, Oregon 1 $ 404,000 $ 404,000 $ 140,000
Douglas, Oregon 1 $ 194,000 $ 194,000 $ 44,000
Indiana, Pennsylvania 1 $ 101,000 $ 101,000 $ 92,000
Greenville, South Carolina 1 $ 112,000 $ 112,000 $ 385,000
Henry, Tennessee 1 $ 142,000 $ 142,000 $ 36,000
Knox, Tennessee 1 $ 176,000 $ 176,000 $ 47,000
Sevier, Tennessee 1 $ 150,000 $ 150,000 $ 118,000
Shelby, Tennessee 1 $ 48,000 $ 48,000 $ 307,000
Bexar, Texas 1 $ 432,000 $ 432,000 $ 317,000
Denton, Texas 1 $ 173,000 $ 173,000 $ 54,000
Franklin, Virginia 1 $ 320,000 $ 320,000 $ 130,000
Putnam, West Virginia 1 $ 1,025,000 $ 1,025,000 $ 0
Dane, Wisconsin 1 $ 61,000 $ 61,000 $ 25,000
Milwaukee, Wisconsin 1 $ 111,000 $ 111,000 $ 80,000
Winnebago, Wisconsin 1 $ 36,000 $ 36,000 $ 69,000

Mortgage Loan Application Detail Totals for First Merchants Bank 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 2,989 $501,363,000 $167,000 $17,750,000 $85,000 $3,000,000
Refinancing 1,539 $298,729,000 $194,000 $17,500,000 $97,000 $4,524,000
Home Improvement 563 $23,770,000 $42,000 $2,621,000 $68,000 $1,216,000

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 3,634 $518,461,000 $142,000 $5,500,000 $96,000 $4,524,000
Not Provided 660 $96,016,000 $145,000 $1,256,000 $83,000 $1,083,000
Not applicable 225 $143,286,000 $636,000 $17,750,000 $0 $0
Asian 224 $27,348,000 $122,000 $1,350,000 $60,000 $1,421,000
Hispanic 178 $18,967,000 $106,000 $424,000 $61,000 $484,000
Black or African American 146 $15,325,000 $104,000 $475,000 $69,000 $368,000
American Indian or Alaskan Native 13 $1,976,000 $152,000 $480,000 $100,000 $325,000
Native Hawaiian or Other Pacific Islander 11 $2,483,000 $225,000 $523,000 $228,000 $1,200,000

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) 4,074 $697,455,000 $171,000 $17,750,000 $94,000 $4,524,000
FHA-insured (Federal Housing Administration) 654 $79,416,000 $121,000 $350,000 $56,000 $1,120,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 236 $22,555,000 $95,000 $269,000 $39,000 $85,000
VA-guaranteed (Veterans Administration) 127 $24,436,000 $192,000 $684,000 $79,000 $297,000

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 3,002 $526,433,000 $175,000 $17,750,000 $95,000 $4,524,000
Preapproval Denied by Financial Institution 820 $102,647,000 $125,000 $1,200,000 $60,000 $2,051,000
Application Denied By Financial Institution 720 $87,640,000 $121,000 $1,350,000 $72,000 $960,000
Application Withdrawn By Applicant 423 $88,834,000 $210,000 $2,610,000 $101,000 $1,200,000
Application Approved But Not Accepted 112 $14,909,000 $133,000 $1,039,000 $85,000 $652,000
File Closed For Incompleteness 14 $3,399,000 $242,000 $1,767,000 $52,000 $217,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 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 History 868 $93,255,000 $107,000 $800,000 $60,000 $2,051,000
Debt-To-Income Ratio 267 $33,549,000 $125,000 $960,000 $51,000 $650,000
Credit Application Incomplete 151 $29,251,000 $193,000 $1,200,000 $104,000 $1,421,000
Collateral 112 $15,457,000 $138,000 $860,000 $95,000 $900,000
Employment History 47 $4,076,000 $86,000 $275,000 $36,000 $188,000
Unverifiable Information 37 $6,822,000 $184,000 $630,000 $88,000 $256,000
Other 30 $4,730,000 $157,000 $1,350,000 $102,000 $960,000
Insufficient Cash (Downpayment, Closing Cost) 28 $3,147,000 $112,000 $365,000 $53,000 $156,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

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