First United Bank & Trust Company Mortgage Lending & HMDA Data, 2023
In 2023, First United Bank & Trust Company of Madisonville, KY reported 174 mortgage applications totaling $26.7 million, down 40% from 2022. The average application was for $153,678, and applicants reported an average income of $115,287. 82% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Owensboro, KY (35), Evansville, IN-KY (3) and Clarksville, TN-KY (2) (applications in parentheses).
| Mortgage Company & Address | First United Bank & Trust Company 162 N Main St Madisonville, KY 42431 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 |
| Total Number of Mortgage Applications | 174 |
| Total Mortgage Loan Application Amount | $26,740,000 |
| Average Mortgage Loan Application Amount | $153,678 |
| Highest Mortgage Loan Application Amount | $965,000 |
| Average Applicant Income | $115,287 |
| Highest Applicant Income | $955,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First United Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 131 | $ 18,805,000 | $ 143,549 | $ 103,633 |
| Owensboro, KY | 35 | $ 6,095,000 | $ 174,142 | $ 149,000 |
| Evansville, IN-KY | 3 | $ 445,000 | $ 148,333 | $ 130,000 |
| Clarksville, TN-KY | 2 | $ 160,000 | $ 80,000 | $ 133,000 |
| Bowling Green, KY | 1 | $ 195,000 | $ 195,000 | $ 87,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 75,000 | $ 75,000 | $ 113,000 |
| Providence-Warwick, RI-MA | 1 | $ 965,000 | $ 965,000 | $ 535,000 |
Mortgage Loan Application Detail Totals for First United Bank & Trust Company in 2023
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 | 104 | $17,010,000 | $163,000 | $685,000 | $112,000 | $955,000 |
| Refinancing | 62 | $9,400,000 | $151,000 | $965,000 | $116,000 | $535,000 |
| Other Purpose | 4 | $250,000 | $62,000 | $155,000 | $74,000 | $119,000 |
| Home Improvement | 4 | $80,000 | $20,000 | $25,000 | $231,000 | $650,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 143 | $22,285,000 | $155,000 | $965,000 | $119,000 | $955,000 |
| Not applicable | 20 | $2,310,000 | $115,000 | $265,000 | $0 | $0 |
| Black or African American | 3 | $505,000 | $168,000 | $345,000 | $73,000 | $113,000 |
| Hispanic | 3 | $845,000 | $281,000 | $685,000 | $73,000 | $73,000 |
| American Indian or Alaskan Native | 2 | $250,000 | $125,000 | $175,000 | $62,000 | $85,000 |
| Not Provided | 2 | $420,000 | $210,000 | $385,000 | $119,000 | $176,000 |
| Asian | 1 | $125,000 | $125,000 | $125,000 | $61,000 | $61,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 174 | $26,740,000 | $153,000 | $965,000 | $116,000 | $955,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 142 | $22,420,000 | $157,000 | $965,000 | $127,000 | $955,000 |
| Application Withdrawn By Applicant | 24 | $3,020,000 | $125,000 | $285,000 | $77,000 | $220,000 |
| Application Denied By Financial Institution | 8 | $1,300,000 | $162,000 | $415,000 | $68,000 | $118,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 174 | $26,740,000 | $153,000 | $965,000 | $116,000 | $955,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First United Bank & Trust Company's 2023 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 United Bank & Trust Company'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.
For a list of all lenders in Kentucky, download the full spreadsheet
with aggregated HMDA statistics today.
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