Lafayette Bank & Trust NA Mortgage Lending & HMDA Data, 2006
In 2006, Lafayette Bank & Trust NA of Lafayette, IN reported 608 mortgage applications totaling $61.7 million, down 10% from 2005. The average application was for $101,407, and applicants reported an average income of $66,055. 82% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Lafayette, IN (338), Gary, IN (86) and Indianapolis-Carmel, IN (13) (applications in parentheses).
| Mortgage Company & Address | Lafayette Bank & Trust NA 250 Main St Lafayette, IN 47901 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 608 |
| Total Mortgage Loan Application Amount | $61,656,000 |
| Average Mortgage Loan Application Amount | $101,407 |
| Highest Mortgage Loan Application Amount | $1,686,000 |
| Average Applicant Income | $66,055 |
| Highest Applicant Income | $1,178,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Lafayette Bank & Trust NA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Tippecanoe, Indiana | 298 | $ 32,614,000 | $ 109,442 | $ 69,000 |
| White, Indiana | 98 | $ 7,314,000 | $ 74,632 | $ 60,000 |
| Jasper, Indiana | 70 | $ 7,314,000 | $ 104,485 | $ 73,000 |
| Carroll, Indiana | 37 | $ 3,873,000 | $ 104,675 | $ 61,000 |
| Clinton, Indiana | 13 | $ 1,125,000 | $ 86,538 | $ 40,000 |
| Newton, Indiana | 12 | $ 1,207,000 | $ 100,583 | $ 49,000 |
| Cass, Indiana | 8 | $ 547,000 | $ 68,375 | $ 58,000 |
| Pulaski, Indiana | 7 | $ 532,000 | $ 76,000 | $ 41,000 |
| Fountain, Indiana | 6 | $ 660,000 | $ 110,000 | $ 60,000 |
| Marion, Indiana | 6 | $ 486,000 | $ 81,000 | $ 67,000 |
| Warren, Indiana | 5 | $ 445,000 | $ 89,000 | $ 69,000 |
| Montgomery, Indiana | 4 | $ 220,000 | $ 55,000 | $ 43,000 |
| Porter, Indiana | 4 | $ 532,000 | $ 133,000 | $ 75,000 |
| Benton, Indiana | 3 | $ 160,000 | $ 53,333 | $ 55,000 |
| Hamilton, Indiana | 3 | $ 238,000 | $ 79,333 | $ 73,000 |
| Polk, Florida | 2 | $ 175,000 | $ 87,500 | $ 89,000 |
| Allen, Indiana | 2 | $ 453,000 | $ 226,500 | $ 120,000 |
| Boone, Indiana | 2 | $ 185,000 | $ 92,500 | $ 36,000 |
| Hancock, Indiana | 2 | $ 158,000 | $ 79,000 | $ 82,000 |
| Howard, Indiana | 2 | $ 131,000 | $ 65,500 | $ 50,000 |
| Miami, Indiana | 2 | $ 101,000 | $ 50,500 | $ 29,000 |
| Parke, Indiana | 2 | $ 284,000 | $ 142,000 | $ 287,000 |
| Wabash, Indiana | 2 | $ 267,000 | $ 133,500 | $ 78,000 |
| Kenosha, Wisconsin | 2 | $ 462,000 | $ 231,000 | $ 66,000 |
| Fulton, Georgia | 1 | $ 309,000 | $ 309,000 | $ 108,000 |
| Fulton, Indiana | 1 | $ 125,000 | $ 125,000 | $ 126,000 |
| Knox, Indiana | 1 | $ 55,000 | $ 55,000 | $ 52,000 |
| St. Joseph, Indiana | 1 | $ 153,000 | $ 153,000 | $ 48,000 |
| Starke, Indiana | 1 | $ 224,000 | $ 224,000 | $ 87,000 |
| Union, Indiana | 1 | $ 88,000 | $ 88,000 | $ 55,000 |
| Clinton, Kentucky | 1 | $ 88,000 | $ 88,000 | $ 119,000 |
| Clermont, Ohio | 1 | $ 322,000 | $ 322,000 | $ 118,000 |
Mortgage Loan Application Detail Totals for Lafayette Bank & Trust NA in 2006
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 | 295 | $34,178,000 | $115,000 | $476,000 | $61,000 | $757,000 |
| Refinancing | 251 | $26,063,000 | $103,000 | $1,686,000 | $73,000 | $1,178,000 |
| Home Improvement | 62 | $1,415,000 | $22,000 | $107,000 | $62,000 | $397,000 |
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 | 567 | $57,192,000 | $100,000 | $1,686,000 | $68,000 | $1,178,000 |
| Hispanic | 21 | $1,723,000 | $82,000 | $153,000 | $48,000 | $96,000 |
| Not applicable | 7 | $1,301,000 | $185,000 | $476,000 | $3,000 | $25,000 |
| Not Provided | 6 | $559,000 | $93,000 | $153,000 | $51,000 | $65,000 |
| Asian | 5 | $690,000 | $138,000 | $248,000 | $83,000 | $121,000 |
| Black or African American | 2 | $191,000 | $95,000 | $163,000 | $82,000 | $115,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 529 | $53,250,000 | $100,000 | $1,686,000 | $68,000 | $1,178,000 |
| FHA-insured (Federal Housing Administration) | 60 | $6,099,000 | $101,000 | $199,000 | $48,000 | $106,000 |
| VA-guaranteed (Veterans Administration) | 18 | $2,222,000 | $123,000 | $200,000 | $66,000 | $141,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $85,000 | $85,000 | $85,000 | $14,000 | $14,000 |
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 | 497 | $48,980,000 | $98,000 | $1,686,000 | $66,000 | $757,000 |
| Application Withdrawn By Applicant | 75 | $8,326,000 | $111,000 | $348,000 | $68,000 | $1,178,000 |
| Application Denied By Financial Institution | 23 | $2,950,000 | $128,000 | $247,000 | $57,000 | $125,000 |
| File Closed For Incompleteness | 8 | $710,000 | $88,000 | $240,000 | $66,000 | $105,000 |
| Application Approved But Not Accepted | 4 | $562,000 | $140,000 | $231,000 | $68,000 | $118,000 |
| Preapproval Approved but not Accepted | 1 | $128,000 | $128,000 | $128,000 | $87,000 | $87,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 8 | $1,190,000 | $148,000 | $236,000 | $45,000 | $90,000 |
| Credit History | 7 | $904,000 | $129,000 | $231,000 | $62,000 | $125,000 |
| Collateral | 6 | $559,000 | $93,000 | $172,000 | $75,000 | $101,000 |
| Mortgage Insurance Denied | 1 | $247,000 | $247,000 | $247,000 | $51,000 | $51,000 |
| Other | 1 | $50,000 | $50,000 | $50,000 | $28,000 | $28,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Lafayette Bank & Trust NA's 2006 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 Lafayette Bank & Trust 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.
For a list of all lenders in Indiana, download the full spreadsheet
with aggregated HMDA statistics today.
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