First Merchants Bank, NA Mortgage Lending & HMDA Data, 2014
In 2014, First Merchants Bank, NA of Muncie, IN reported 4,142 mortgage applications totaling $557.3 million, down 17% from 2013. The average application was for $134,554, and applicants reported an average income of $76,191. 54% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Indianapolis-Carmel-Anderson, IN (1,156), Muncie, IN (386) and Lafayette-West Lafayette, IN (311) (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 | 4,142 |
| Total Mortgage Loan Application Amount | $557,326,000 |
| Average Mortgage Loan Application Amount | $134,554 |
| Highest Mortgage Loan Application Amount | $8,657,000 |
| Average Applicant Income | $76,191 |
| Highest Applicant Income | $4,158,000 |
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(HMDA) records First Merchants Bank, NA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-Anderson, IN | 1,156 | $ 178,840,000 | $ 154,705 | $ 90,000 |
| Muncie, IN | 386 | $ 40,326,000 | $ 104,471 | $ 66,000 |
| Lafayette-West Lafayette, IN | 311 | $ 35,849,000 | $ 115,270 | $ 86,000 |
| Gary, IN | 285 | $ 38,234,000 | $ 134,154 | $ 69,000 |
| Columbus, OH | 169 | $ 34,887,000 | $ 206,431 | $ 110,000 |
| Chicago-Naperville-Arlington Heights, IL | 137 | $ 32,959,000 | $ 240,576 | $ 86,000 |
| Cincinnati, OH-KY-IN | 26 | $ 2,017,000 | $ 77,576 | $ 70,000 |
| Kokomo, IN | 14 | $ 842,000 | $ 60,142 | $ 66,000 |
| Fort Wayne, IN | 13 | $ 6,384,000 | $ 491,076 | $ 61,000 |
| Cape Coral-Fort Myers, FL | 8 | $ 2,080,000 | $ 260,000 | $ 184,000 |
| Bloomington, IN | 5 | $ 446,000 | $ 89,200 | $ 54,000 |
| Michigan City-La Porte, IN | 5 | $ 759,000 | $ 151,800 | $ 145,000 |
| Atlanta-Sandy Springs-Roswell, GA | 4 | $ 1,302,000 | $ 325,500 | $ 107,000 |
| Columbus, IN | 4 | $ 774,000 | $ 193,500 | $ 161,000 |
| Elgin, IL | 4 | $ 1,320,000 | $ 330,000 | $ 17,000 |
| Naples-Immokalee-Marco Island, FL | 4 | $ 2,105,000 | $ 526,250 | $ 348,000 |
| Phoenix-Mesa-Scottsdale, AZ | 4 | $ 1,038,000 | $ 259,500 | $ 131,000 |
| Rocky Mount, NC | 4 | $ 569,000 | $ 142,250 | $ 0 |
| South Bend-Mishawaka, IN-MI | 4 | $ 9,961,000 | $ 2,490,250 | $ 59,000 |
| Knoxville, TN | 3 | $ 701,000 | $ 233,666 | $ 217,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 1,209,000 | $ 403,000 | $ 148,000 |
| Terre Haute, IN | 3 | $ 452,000 | $ 150,666 | $ 71,000 |
| Charleston-North Charleston, SC | 2 | $ 825,000 | $ 412,500 | $ 292,000 |
| Elkhart-Goshen, IN | 2 | $ 369,000 | $ 184,500 | $ 300,000 |
| Evansville, IN-KY | 2 | $ 1,965,000 | $ 982,500 | $ 59,000 |
| Greensboro-High Point, NC | 2 | $ 310,000 | $ 155,000 | $ 239,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 2 | $ 800,000 | $ 400,000 | $ 301,000 |
| Louisville/Jefferson County, KY-IN | 2 | $ 8,820,000 | $ 4,410,000 | $ 32,000 |
| Niles-Benton Harbor, MI | 2 | $ 562,000 | $ 281,000 | $ 251,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 578,000 | $ 289,000 | $ 663,000 |
| Portland-South Portland, ME | 2 | $ 564,000 | $ 282,000 | $ 365,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 2 | $ 672,000 | $ 336,000 | $ 77,000 |
| Seattle-Bellevue-Everett, WA | 2 | $ 461,000 | $ 230,500 | $ 166,000 |
| Albuquerque, NM | 1 | $ 54,000 | $ 54,000 | $ 0 |
| Austin-Round Rock, TX | 1 | $ 578,000 | $ 578,000 | $ 4,158,000 |
| Beckley, WV | 1 | $ 760,000 | $ 760,000 | $ 0 |
| Bloomington, IL | 1 | $ 162,000 | $ 162,000 | $ 97,000 |
| Boise City, ID | 1 | $ 65,000 | $ 65,000 | $ 89,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 150,000 | $ 150,000 | $ 51,000 |
| Cleveland-Elyria, OH | 1 | $ 485,000 | $ 485,000 | $ 0 |
| Dayton, OH | 1 | $ 75,000 | $ 75,000 | $ 40,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 284,000 | $ 284,000 | $ 129,000 |
| Las Vegas-Henderson-Paradise, NV | 1 | $ 361,000 | $ 361,000 | $ 127,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 56,000 | $ 56,000 | $ 46,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 175,000 | $ 175,000 | $ 130,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 138,000 | $ 138,000 | $ 157,000 |
| Peoria, IL | 1 | $ 47,000 | $ 47,000 | $ 69,000 |
| Punta Gorda, FL | 1 | $ 110,000 | $ 110,000 | $ 92,000 |
| San Francisco-Redwood City-South San Francisco, CA | 1 | $ 650,000 | $ 650,000 | $ 72,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 125,000 | $ 125,000 | $ 47,000 |
| Winston-Salem, NC | 1 | $ 135,000 | $ 135,000 | $ 39,000 |
| Youngstown-Warren-Boardman, OH-PA | 1 | $ 111,000 | $ 111,000 | $ 114,000 |
Mortgage Loan Application Detail Totals for First Merchants Bank, NA in 2014
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 | 2,358 | $331,499,000 | $140,000 | $8,657,000 | $75,000 | $4,158,000 |
| Refinancing | 1,393 | $203,847,000 | $146,000 | $2,891,000 | $85,000 | $1,624,000 |
| Home Improvement | 391 | $21,980,000 | $56,000 | $5,100,000 | $52,000 | $341,000 |
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 | 3,465 | $408,198,000 | $117,000 | $2,279,000 | $81,000 | $1,913,000 |
| Not Provided | 222 | $31,113,000 | $140,000 | $936,000 | $76,000 | $699,000 |
| Not applicable | 205 | $90,649,000 | $442,000 | $8,657,000 | $2,000 | $439,000 |
| Hispanic | 105 | $10,526,000 | $100,000 | $600,000 | $48,000 | $230,000 |
| Black or African American | 93 | $8,537,000 | $91,000 | $578,000 | $90,000 | $4,158,000 |
| Asian | 43 | $7,612,000 | $177,000 | $936,000 | $124,000 | $1,499,000 |
| American Indian or Alaskan Native | 7 | $413,000 | $59,000 | $123,000 | $54,000 | $101,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $278,000 | $139,000 | $180,000 | $65,000 | $78,000 |
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) | 3,453 | $486,379,000 | $140,000 | $8,657,000 | $83,000 | $4,158,000 |
| FHA-insured (Federal Housing Administration) | 440 | $46,073,000 | $104,000 | $268,000 | $42,000 | $259,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 163 | $13,870,000 | $85,000 | $204,000 | $36,000 | $84,000 |
| VA-guaranteed (Veterans Administration) | 86 | $11,004,000 | $127,000 | $399,000 | $56,000 | $154,000 |
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 | 2,252 | $337,989,000 | $150,000 | $8,657,000 | $91,000 | $4,158,000 |
| Preapproval Denied by Financial Institution | 801 | $75,503,000 | $94,000 | $956,000 | $42,000 | $1,211,000 |
| Application Denied By Financial Institution | 639 | $60,141,000 | $94,000 | $2,413,000 | $61,000 | $1,913,000 |
| Application Withdrawn By Applicant | 363 | $73,036,000 | $201,000 | $5,100,000 | $91,000 | $986,000 |
| Application Approved But Not Accepted | 65 | $8,313,000 | $127,000 | $748,000 | $71,000 | $336,000 |
| File Closed For Incompleteness | 14 | $1,796,000 | $128,000 | $370,000 | $71,000 | $171,000 |
| Loan Purchased By The Institution | 8 | $548,000 | $68,000 | $82,000 | $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 | 744 | $58,408,000 | $78,000 | $400,000 | $40,000 | $587,000 |
| Debt-To-Income Ratio | 268 | $27,397,000 | $102,000 | $2,413,000 | $43,000 | $315,000 |
| Credit Application Incomplete | 233 | $31,132,000 | $133,000 | $956,000 | $81,000 | $1,913,000 |
| Collateral | 104 | $11,861,000 | $114,000 | $1,000,000 | $78,000 | $420,000 |
| Employment History | 37 | $2,860,000 | $77,000 | $268,000 | $37,000 | $150,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 27 | $1,496,000 | $55,000 | $145,000 | $37,000 | $72,000 |
| Unverifiable Information | 26 | $2,419,000 | $93,000 | $256,000 | $62,000 | $352,000 |
| Other | 1 | $71,000 | $71,000 | $71,000 | $38,000 | $38,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Merchants Bank, NA's 2014 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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