Lafayette Bank & Trust NA Mortgage Lending & HMDA Data, 2004
In 2004, Lafayette Bank & Trust NA of Lafayette, IN reported 892 mortgage applications totaling $95.8 million. The average application was for $107,396, and applicants reported an average income of $68,275. 81% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Lafayette, IN (507), Gary, IN (160) and Indianapolis, IN (11) (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 | 892 |
| Total Mortgage Loan Application Amount | $95,798,000 |
| Average Mortgage Loan Application Amount | $107,396 |
| Highest Mortgage Loan Application Amount | $1,066,000 |
| Average Applicant Income | $68,275 |
| Highest Applicant Income | $4,250,000 |
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records Lafayette Bank & Trust NA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Lafayette, IN | 507 | $ 55,633,000 | $ 109,729 | $ 67,000 |
| Gary, IN | 160 | $ 17,208,000 | $ 107,550 | $ 55,000 |
| Indianapolis, IN | 11 | $ 1,544,000 | $ 140,363 | $ 131,000 |
| Kokomo, IN | 4 | $ 349,000 | $ 87,250 | $ 45,000 |
| Bloomington, IN | 3 | $ 315,000 | $ 105,000 | $ 100,000 |
| Dayton, OH | 2 | $ 223,000 | $ 111,500 | $ 80,000 |
| Peoria, IL | 2 | $ 318,000 | $ 159,000 | $ 104,000 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 85,000 | $ 85,000 | $ 32,000 |
| Chicago-Naperville-Joliet, IL | 1 | $ 240,000 | $ 240,000 | $ 260,000 |
| Cincinnati-Middletown, OH-KY-IN | 1 | $ 142,000 | $ 142,000 | $ 59,000 |
| Fort Wayne, IN | 1 | $ 140,000 | $ 140,000 | $ 89,000 |
| Lincoln, NE | 1 | $ 117,000 | $ 117,000 | $ 40,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 211,000 | $ 211,000 | $ 60,000 |
| Muncie, IN | 1 | $ 1,066,000 | $ 1,066,000 | $ 0 |
| Naples-Marco Island, FL | 1 | $ 850,000 | $ 850,000 | $ 4,250,000 |
| Punta Gorda, FL | 1 | $ 166,000 | $ 166,000 | $ 81,000 |
| Tucson, AZ | 1 | $ 112,000 | $ 112,000 | $ 19,000 |
| Warren-Farmington Hills-Troy, MI | 1 | $ 242,000 | $ 242,000 | $ 161,000 |
Mortgage Loan Application Detail Totals for Lafayette Bank & Trust NA in 2004
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 | 483 | $55,992,000 | $155,444 | $1,066,000 | $124,333 | $1,000,000 |
| Refinancing | 337 | $37,434,000 | $117,166 | $358,000 | $92,666 | $877,000 |
| Home Improvement | 72 | $2,372,000 | $435,500 | $850,000 | $2,153,000 | $4,250,000 |
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 | 826 | $88,368,000 | $158,700 | $951,000 | $213,900 | $4,250,000 |
| Hispanic | 31 | $2,599,000 | $83,000 | $216,000 | $39,000 | $94,000 |
| Asian | 17 | $2,295,000 | $135,000 | $275,000 | $69,000 | $131,000 |
| Not applicable | 9 | $1,727,000 | $191,000 | $1,066,000 | $174,000 | $785,000 |
| Black or African American | 5 | $531,000 | $98,000 | $161,000 | $43,500 | $70,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $192,000 | $96,000 | $152,000 | $45,000 | $63,000 |
| American Indian or Alaskan Native | 2 | $86,000 | $43,000 | $85,000 | $26,000 | $36,000 |
| Not Provided | 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) | 733 | $79,636,000 | $152,727 | $1,066,000 | $198,363 | $4,250,000 |
| FHA-insured (Federal Housing Administration) | 127 | $12,313,000 | $102,000 | $163,000 | $55,000 | $148,000 |
| VA-guaranteed (Veterans Administration) | 31 | $3,719,000 | $119,000 | $191,000 | $49,000 | $98,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $130,000 | $130,000 | $130,000 | $46,000 | $46,000 |
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 | 719 | $75,476,000 | $173,777 | $1,066,000 | $364,333 | $4,250,000 |
| Application Withdrawn By Applicant | 101 | $12,548,000 | $129,833 | $323,000 | $65,333 | $752,000 |
| Application Denied By Financial Institution | 45 | $4,547,000 | $101,000 | $253,000 | $52,000 | $143,000 |
| File Closed For Incompleteness | 15 | $1,788,000 | $119,000 | $162,000 | $71,000 | $369,000 |
| Application Approved But Not Accepted | 11 | $1,329,000 | $120,000 | $200,000 | $61,000 | $128,000 |
| Preapproval Approved but not Accepted | 1 | $110,000 | $110,000 | $110,000 | $24,000 | $24,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 17 | $1,588,000 | $93,000 | $224,000 | $41,000 | $79,000 |
| Collateral | 14 | $1,558,000 | $111,000 | $253,000 | $60,000 | $135,000 |
| Debt-To-Income Ratio | 5 | $472,000 | $94,000 | $204,000 | $72,000 | $143,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $315,000 | $105,000 | $164,000 | $47,000 | $88,000 |
| Other | 3 | $232,000 | $77,000 | $119,000 | $38,000 | $46,000 |
| Unverifiable Information | 2 | $182,000 | $91,000 | $122,000 | $37,000 | $50,000 |
| Employment History | 1 | $200,000 | $200,000 | $200,000 | $71,000 | $71,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Lafayette Bank & Trust NA's 2004 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.
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