First Merchants Bank, NA Mortgage Lending & HMDA Data, 2012
In 2012, First Merchants Bank, NA of Muncie, IN reported 5,390 mortgage applications totaling $793.3 million, up 27% from 2011. The average application was for $147,189, and applicants reported an average income of $77,203. 63% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Indianapolis-Carmel, IN (1,704), Lafayette, IN (564) and Muncie, IN (481) (applications in parentheses).
| Mortgage Company & Address | First Merchants Bank, NA 200 E. Jackson St. Muncie, IN 47305 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 5,390 |
| Total Mortgage Loan Application Amount | $793,349,000 |
| Average Mortgage Loan Application Amount | $147,189 |
| Highest Mortgage Loan Application Amount | $17,149,000 |
| Average Applicant Income | $77,203 |
| Highest Applicant Income | $8,861,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Merchants Bank, NA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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, IN | 1,704 | $ 295,454,000 | $ 173,388 | $ 91,000 |
| Lafayette, IN | 564 | $ 94,587,000 | $ 167,707 | $ 111,000 |
| Muncie, IN | 481 | $ 45,107,000 | $ 93,777 | $ 65,000 |
| Anderson, IN | 424 | $ 51,657,000 | $ 121,832 | $ 60,000 |
| Gary, IN | 116 | $ 14,220,000 | $ 122,586 | $ 62,000 |
| Columbus, OH | 96 | $ 50,103,000 | $ 521,906 | $ 105,000 |
| Cincinnati-Middletown, OH-KY-IN | 38 | $ 7,118,000 | $ 187,315 | $ 104,368 |
| Fort Wayne, IN | 24 | $ 3,178,000 | $ 132,416 | $ 117,000 |
| Kokomo, IN | 24 | $ 2,112,000 | $ 88,000 | $ 47,000 |
| Bloomington, IN | 10 | $ 15,219,000 | $ 1,521,900 | $ 78,000 |
| Chicago-Joliet-Naperville, IL | 9 | $ 2,917,000 | $ 324,111 | $ 162,000 |
| Cape Coral-Fort Myers, FL | 8 | $ 2,027,000 | $ 253,375 | $ 157,000 |
| Columbus, IN | 7 | $ 1,096,000 | $ 156,571 | $ 87,000 |
| Naples-Marco Island, FL | 7 | $ 5,866,000 | $ 838,000 | $ 278,000 |
| Dayton, OH | 6 | $ 740,000 | $ 123,333 | $ 57,000 |
| Elkhart-Goshen, IN | 5 | $ 2,467,000 | $ 493,400 | $ 74,000 |
| Rocky Mount, NC | 4 | $ 597,000 | $ 149,250 | $ 0 |
| Terre Haute, IN | 4 | $ 621,000 | $ 155,250 | $ 109,000 |
| North Port-Bradenton-Sarasota, FL | 3 | $ 562,000 | $ 187,333 | $ 92,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 3 | $ 457,000 | $ 152,333 | $ 114,000 |
| Crestview-Fort Walton Beach-Destin, FL | 2 | $ 803,000 | $ 401,500 | $ 122,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 163,000 | $ 81,500 | $ 24,000 |
| Louisville/Jefferson County, KY-IN | 2 | $ 341,000 | $ 170,500 | $ 123,500 |
| Michigan City-La Porte, IN | 2 | $ 327,000 | $ 163,500 | $ 66,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 447,000 | $ 223,500 | $ 36,000 |
| Panama City-Lynn Haven-Panama City Beach, FL | 2 | $ 196,000 | $ 98,000 | $ 133,000 |
| Phoenix-Mesa-Glendale, AZ | 2 | $ 448,000 | $ 224,000 | $ 206,000 |
| Toledo, OH | 2 | $ 385,000 | $ 192,500 | $ 32,000 |
| Warren-Troy-Farmington Hills, MI | 2 | $ 404,000 | $ 202,000 | $ 84,000 |
| Albuquerque, NM | 1 | $ 587,000 | $ 587,000 | $ 434,000 |
| Altoona, PA | 1 | $ 30,000 | $ 30,000 | $ 38,000 |
| Ann Arbor, MI | 1 | $ 268,000 | $ 268,000 | $ 186,000 |
| Bowling Green, KY | 1 | $ 110,000 | $ 110,000 | $ 28,000 |
| Brunswick, GA | 1 | $ 283,000 | $ 283,000 | $ 444,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 1 | $ 312,000 | $ 312,000 | $ 78,000 |
| Colorado Springs, CO | 1 | $ 293,000 | $ 293,000 | $ 133,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 276,000 | $ 276,000 | $ 124,000 |
| Kansas City, MO-KS | 1 | $ 365,000 | $ 365,000 | $ 271,000 |
| Lakeland-Winter Haven, FL | 1 | $ 76,000 | $ 76,000 | $ 90,000 |
| Lansing-East Lansing, MI | 1 | $ 195,000 | $ 195,000 | $ 144,000 |
| McAllen-Edinburg-Mission, TX | 1 | $ 140,000 | $ 140,000 | $ 151,000 |
| Morgantown, WV | 1 | $ 6,000,000 | $ 6,000,000 | $ 0 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 87,000 | $ 87,000 | $ 29,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 202,000 | $ 202,000 | $ 37,000 |
| Salt Lake City, UT | 1 | $ 267,000 | $ 267,000 | $ 147,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Sioux Falls, SD | 1 | $ 122,000 | $ 122,000 | $ 61,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 222,000 | $ 222,000 | $ 266,000 |
| Springfield, OH | 1 | $ 234,000 | $ 234,000 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 276,000 | $ 276,000 | $ 47,000 |
Mortgage Loan Application Detail Totals for First Merchants Bank, NA in 2012
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 | 3,384 | $574,654,000 | $169,000 | $17,149,000 | $84,000 | $8,861,000 |
| Home Purchase | 1,776 | $207,926,000 | $117,000 | $1,686,000 | $67,000 | $3,870,000 |
| Home Improvement | 230 | $10,769,000 | $46,000 | $2,000,000 | $56,000 | $468,000 |
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 | 4,817 | $643,054,000 | $133,000 | $2,849,000 | $81,000 | $8,861,000 |
| Not Provided | 204 | $27,772,000 | $136,000 | $1,345,000 | $81,000 | $1,030,000 |
| Not applicable | 200 | $104,515,000 | $522,000 | $17,149,000 | $0 | $0 |
| Hispanic | 69 | $6,145,000 | $89,000 | $387,000 | $46,000 | $220,000 |
| Black or African American | 63 | $5,889,000 | $93,000 | $414,000 | $60,000 | $351,000 |
| Asian | 30 | $4,991,000 | $166,000 | $417,000 | $91,000 | $346,000 |
| American Indian or Alaskan Native | 4 | $425,000 | $106,000 | $149,000 | $55,000 | $87,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $558,000 | $186,000 | $304,000 | $30,000 | $50,000 |
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) | 4,483 | $698,149,000 | $155,000 | $17,149,000 | $85,000 | $8,861,000 |
| FHA-insured (Federal Housing Administration) | 614 | $65,648,000 | $106,000 | $285,000 | $41,000 | $308,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 199 | $16,996,000 | $85,000 | $250,000 | $30,000 | $91,000 |
| VA-guaranteed (Veterans Administration) | 94 | $12,556,000 | $133,000 | $312,000 | $43,000 | $141,000 |
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 | 3,385 | $572,126,000 | $169,000 | $17,149,000 | $89,000 | $8,861,000 |
| Application Denied By Financial Institution | 833 | $90,256,000 | $108,000 | $1,398,000 | $57,000 | $467,000 |
| Preapproval Denied by Financial Institution | 602 | $49,805,000 | $82,000 | $320,000 | $35,000 | $1,092,000 |
| Application Withdrawn By Applicant | 478 | $66,777,000 | $139,000 | $1,334,000 | $84,000 | $1,800,000 |
| Application Approved But Not Accepted | 51 | $7,568,000 | $148,000 | $1,400,000 | $66,000 | $497,000 |
| File Closed For Incompleteness | 27 | $3,721,000 | $137,000 | $400,000 | $72,000 | $193,000 |
| Loan Purchased By The Institution | 7 | $1,118,000 | $159,000 | $417,000 | $119,000 | $286,000 |
| Preapproval Approved but not Accepted | 7 | $1,978,000 | $282,000 | $380,000 | $124,000 | $260,000 |
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 | 788 | $68,773,000 | $87,000 | $548,000 | $41,000 | $1,092,000 |
| Debt-To-Income Ratio | 255 | $23,004,000 | $90,000 | $375,000 | $41,000 | $260,000 |
| Collateral | 190 | $23,335,000 | $122,000 | $600,000 | $73,000 | $434,000 |
| Credit Application Incomplete | 131 | $15,564,000 | $118,000 | $548,000 | $62,000 | $590,000 |
| Employment History | 35 | $2,441,000 | $69,000 | $155,000 | $31,000 | $131,000 |
| Unverifiable Information | 16 | $2,800,000 | $175,000 | $745,000 | $82,000 | $278,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 14 | $3,572,000 | $255,000 | $1,398,000 | $47,000 | $119,000 |
| Other | 5 | $461,000 | $92,000 | $153,000 | $74,000 | $171,000 |
| Mortgage Insurance Denied | 1 | $111,000 | $111,000 | $111,000 | $60,000 | $60,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Merchants Bank, NA's 2012 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, NA'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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