First Merchants Bank Mortgage Lending & HMDA Data, 2019
In 2019, First Merchants Bank of Muncie, IN reported 9,083 mortgage applications totaling $1.3 billion, up 21% from 2018. The average application was for $143,454, and applicants reported an average income of $105,222. 62% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Indianapolis-Carmel-Anderson, IN (2,686), Lafayette-West Lafayette, IN (767) and Fort Wayne, IN (725) (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 | 9,083 |
| Total Mortgage Loan Application Amount | $1,302,995,000 |
| Average Mortgage Loan Application Amount | $143,454 |
| Highest Mortgage Loan Application Amount | $14,005,000 |
| Average Applicant Income | $105,222 |
| Highest Applicant Income | $7,650,000 |
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Act (HMDA) records First Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 2,686 | $ 357,500,000 | $ 133,097 | $ 107,000 |
| Outside any metro area | 1,948 | $ 191,500,000 | $ 98,305 | $ 84,886 |
| Lafayette-West Lafayette, IN | 767 | $ 91,345,000 | $ 119,093 | $ 87,000 |
| Fort Wayne, IN | 725 | $ 105,645,000 | $ 145,717 | $ 100,000 |
| Gary, IN | 718 | $ 83,040,000 | $ 115,654 | $ 92,000 |
| Columbus, OH | 664 | $ 190,670,000 | $ 287,153 | $ 180,000 |
| Muncie, IN | 554 | $ 53,200,000 | $ 96,028 | $ 78,000 |
| Chicago-Naperville, IL | 319 | $ 58,335,000 | $ 182,868 | $ 116,000 |
| Monroe, MI | 222 | $ 29,980,000 | $ 135,045 | $ 87,000 |
| Detroit-Dearborn-Livonia, MI | 125 | $ 21,895,000 | $ 175,160 | $ 99,000 |
| Cincinnati, OH-KY-IN | 71 | $ 8,225,000 | $ 115,845 | $ 102,746 |
| Toledo, OH | 28 | $ 3,550,000 | $ 126,785 | $ 97,000 |
| Michigan City-La Porte, IN | 16 | $ 3,100,000 | $ 193,750 | $ 165,000 |
| Cape Coral-Fort Myers, FL | 13 | $ 4,085,000 | $ 314,230 | $ 474,000 |
| Ann Arbor, MI | 9 | $ 2,955,000 | $ 328,333 | $ 129,000 |
| Columbus, IN | 9 | $ 1,345,000 | $ 149,444 | $ 132,000 |
| Elkhart-Goshen, IN | 9 | $ 2,825,000 | $ 313,888 | $ 133,000 |
| North Port-Sarasota-Bradenton, FL | 9 | $ 5,415,000 | $ 601,666 | $ 359,000 |
| Warren-Troy-Farmington Hills, MI | 9 | $ 1,575,000 | $ 175,000 | $ 88,000 |
| Bloomington, IN | 8 | $ 1,860,000 | $ 232,500 | $ 47,000 |
| Dayton-Springfield-Kettering, OH | 8 | $ 4,170,000 | $ 521,250 | $ 267,000 |
| Naples-Immokalee-Marco Island, FL | 8 | $ 6,680,000 | $ 835,000 | $ 638,000 |
| Terre Haute, IN | 8 | $ 910,000 | $ 113,750 | $ 62,000 |
| Charlotte-Concord-Gastonia, NC-SC | 7 | $ 10,325,000 | $ 1,475,000 | $ 1,730,000 |
| Elgin, IL | 7 | $ 1,285,000 | $ 183,571 | $ 111,000 |
| Kokomo, IN | 7 | $ 855,000 | $ 122,142 | $ 133,000 |
| South Bend-Mishawaka, IN-MI | 7 | $ 2,075,000 | $ 296,428 | $ 87,000 |
| Cleveland-Elyria, OH | 6 | $ 1,870,000 | $ 311,666 | $ 99,000 |
| Denver-Aurora-Lakewood, CO | 5 | $ 1,915,000 | $ 383,000 | $ 199,000 |
| St. Louis, MO-IL | 5 | $ 1,445,000 | $ 289,000 | $ 313,000 |
| Jackson, MI | 4 | $ 610,000 | $ 152,500 | $ 119,000 |
| Orlando-Kissimmee-Sanford, FL | 4 | $ 1,000,000 | $ 250,000 | $ 137,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 4 | $ 2,520,000 | $ 630,000 | $ 321,250 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 405,000 | $ 135,000 | $ 157,000 |
| Grand Rapids-Wyoming, MI | 3 | $ 995,000 | $ 331,666 | $ 161,000 |
| Lansing-East Lansing, MI | 3 | $ 925,000 | $ 308,333 | $ 109,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 1,075,000 | $ 358,333 | $ 199,000 |
| Akron, OH | 2 | $ 250,000 | $ 125,000 | $ 85,000 |
| Buffalo-Cheektowaga-Niagara Falls, NY | 2 | $ 460,000 | $ 230,000 | $ 59,000 |
| Burlington, NC | 2 | $ 1,110,000 | $ 555,000 | $ 525,000 |
| Champaign-Urbana, IL | 2 | $ 590,000 | $ 295,000 | $ 125,000 |
| Gainesville, FL | 2 | $ 430,000 | $ 215,000 | $ 683,000 |
| Knoxville, TN | 2 | $ 200,000 | $ 100,000 | $ 697,000 |
| Lexington-Fayette, KY | 2 | $ 270,000 | $ 135,000 | $ 184,000 |
| Mansfield, OH | 2 | $ 390,000 | $ 195,000 | $ 163,000 |
| Niles-Benton Harbor, MI | 2 | $ 130,000 | $ 65,000 | $ 191,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 590,000 | $ 295,000 | $ 109,000 |
| Port St. Lucie, FL | 2 | $ 1,010,000 | $ 505,000 | $ 596,000 |
| Punta Gorda, FL | 2 | $ 670,000 | $ 335,000 | $ 387,000 |
| Raleigh, NC | 2 | $ 540,000 | $ 270,000 | $ 61,000 |
| San Antonio-New Braunfels, TX | 2 | $ 380,000 | $ 190,000 | $ 254,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 330,000 | $ 165,000 | $ 57,000 |
| Wilmington, NC | 2 | $ 590,000 | $ 295,000 | $ 143,000 |
| Athens-Clarke County, GA | 1 | $ 405,000 | $ 405,000 | $ 301,000 |
| Austin-Round Rock, TX | 1 | $ 295,000 | $ 295,000 | $ 116,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 465,000 | $ 465,000 | $ 249,000 |
| Bloomington, IL | 1 | $ 55,000 | $ 55,000 | $ 48,000 |
| Bowling Green, KY | 1 | $ 55,000 | $ 55,000 | $ 85,000 |
| Decatur, IL | 1 | $ 55,000 | $ 55,000 | $ 24,000 |
| Evansville, IN-KY | 1 | $ 195,000 | $ 195,000 | $ 75,000 |
| Flint, MI | 1 | $ 95,000 | $ 95,000 | $ 123,000 |
| Fort Worth-Arlington, TX | 1 | $ 115,000 | $ 115,000 | $ 345,000 |
| Gettysburg, PA | 1 | $ 345,000 | $ 345,000 | $ 46,000 |
| Grand Junction, CO | 1 | $ 255,000 | $ 255,000 | $ 87,000 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 225,000 | $ 225,000 | $ 104,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 805,000 | $ 805,000 | $ 273,000 |
| Homosassa Springs, FL | 1 | $ 105,000 | $ 105,000 | $ 48,000 |
| Houston-The Woodlands-Sugar Land, TX | 1 | $ 205,000 | $ 205,000 | $ 87,000 |
| Ithaca, NY | 1 | $ 275,000 | $ 275,000 | $ 76,000 |
| Jacksonville, FL | 1 | $ 135,000 | $ 135,000 | $ 74,000 |
| Lakeland-Winter Haven, FL | 1 | $ 45,000 | $ 45,000 | $ 86,000 |
| Lima, OH | 1 | $ 85,000 | $ 85,000 | $ 96,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 115,000 | $ 115,000 | $ 80,000 |
| Lynchburg, VA | 1 | $ 325,000 | $ 325,000 | $ 156,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 615,000 | $ 615,000 | $ 905,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 335,000 | $ 335,000 | $ 145,000 |
| New York-Newark, NY | 1 | $ 55,000 | $ 55,000 | $ 336,000 |
| Ocala, FL | 1 | $ 285,000 | $ 285,000 | $ 217,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 65,000 | $ 65,000 | $ 32,000 |
| Panama City, FL | 1 | $ 255,000 | $ 255,000 | $ 271,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 275,000 | $ 275,000 | $ 65,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 1 | $ 265,000 | $ 265,000 | $ 90,000 |
| Richmond, VA | 1 | $ 335,000 | $ 335,000 | $ 135,000 |
| Rockingham County-Strafford County, NH | 1 | $ 75,000 | $ 75,000 | $ 73,000 |
| Salt Lake City, UT | 1 | $ 315,000 | $ 315,000 | $ 496,000 |
| Sierra Vista-Douglas, AZ | 1 | $ 65,000 | $ 65,000 | $ 28,000 |
| Springfield, OH | 1 | $ 75,000 | $ 75,000 | $ 41,000 |
| The Villages, FL | 1 | $ 305,000 | $ 305,000 | $ 39,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 965,000 | $ 965,000 | $ 1,753,000 |
| Youngstown-Warren-Boardman, OH-PA | 1 | $ 145,000 | $ 145,000 | $ 0 |
Mortgage Loan Application Detail Totals for First Merchants Bank in 2019
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 |
|---|---|---|---|---|---|---|
| Other Purpose | 3,819 | $316,125,000 | $82,000 | $1,555,000 | $99,000 | $2,588,000 |
| Home Purchase | 2,468 | $496,530,000 | $201,000 | $3,925,000 | $108,000 | $7,650,000 |
| Refinancing | 1,388 | $283,890,000 | $204,000 | $14,005,000 | $107,000 | $2,127,000 |
| Cash-out Refinancing | 819 | $166,685,000 | $203,000 | $5,005,000 | $141,000 | $5,343,000 |
| Home Improvement | 589 | $39,765,000 | $67,000 | $605,000 | $80,000 | $405,000 |
| 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 | 6,747 | $890,185,000 | $131,000 | $3,925,000 | $106,000 | $7,650,000 |
| Not Provided | 1,259 | $174,735,000 | $138,000 | $10,335,000 | $126,000 | $2,588,000 |
| Black or African American | 312 | $32,800,000 | $105,000 | $505,000 | $64,000 | $1,040,000 |
| Not applicable | 284 | $142,520,000 | $501,000 | $14,005,000 | $61,000 | $61,000 |
| Asian | 274 | $38,260,000 | $139,000 | $705,000 | $52,000 | $403,000 |
| Hispanic | 140 | $15,470,000 | $110,000 | $1,235,000 | $80,000 | $703,000 |
| American Indian or Alaskan Native | 17 | $3,275,000 | $192,000 | $1,105,000 | $314,000 | $1,127,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $750,000 | $187,000 | $315,000 | $63,000 | $124,000 |
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) | 8,679 | $1,246,925,000 | $143,000 | $14,005,000 | $108,000 | $7,650,000 |
| FHA-insured (Federal Housing Administration) | 246 | $33,770,000 | $137,000 | $405,000 | $58,000 | $191,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 87 | $8,515,000 | $97,000 | $255,000 | $45,000 | $408,000 |
| VA-guaranteed (Veterans Administration) | 71 | $13,785,000 | $194,000 | $465,000 | $69,000 | $227,000 |
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 | 5,627 | $874,915,000 | $155,000 | $14,005,000 | $114,000 | $5,343,000 |
| Application Denied By Financial Institution | 1,852 | $191,820,000 | $103,000 | $2,005,000 | $73,000 | $1,414,000 |
| Application Withdrawn By Applicant | 1,106 | $193,030,000 | $174,000 | $10,335,000 | $120,000 | $7,650,000 |
| File Closed For Incompleteness | 444 | $38,610,000 | $86,000 | $1,555,000 | $103,000 | $2,588,000 |
| Application Approved But Not Accepted | 54 | $4,620,000 | $85,000 | $405,000 | $88,000 | $276,000 |
| 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 | 7,231 | $1,111,175,000 | $153,000 | $14,005,000 | $114,000 | $7,650,000 |
| Debt-To-Income Ratio | 768 | $78,150,000 | $101,000 | $1,045,000 | $59,000 | $700,000 |
| Credit History | 658 | $55,670,000 | $84,000 | $2,005,000 | $72,000 | $1,414,000 |
| Collateral | 257 | $28,175,000 | $109,000 | $1,405,000 | $97,000 | $745,000 |
| Unverifiable Information | 68 | $12,850,000 | $188,000 | $705,000 | $132,000 | $1,260,000 |
| Other | 41 | $6,015,000 | $146,000 | $485,000 | $106,000 | $484,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 29 | $7,685,000 | $265,000 | $1,425,000 | $106,000 | $466,000 |
| Employment History | 27 | $2,685,000 | $99,000 | $245,000 | $38,000 | $84,000 |
| Credit Application Incomplete | 4 | $590,000 | $147,000 | $235,000 | $128,000 | $143,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Merchants Bank's 2019 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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