Merchants Bank of Indiana Mortgage Lending & HMDA Data, 2021

In 2021, Merchants Bank of Indiana of Carmel, IN reported 4,517 mortgage applications totaling $3.1 billion, down 21% from 2020. The average application was for $684,291, and applicants reported an average income of $132,426. 80% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Indianapolis-Carmel-Anderson, IN (634), St. Louis, MO-IL (572) and Providence-Warwick, RI-MA (498) (applications in parentheses).

Mortgage Company & Address Merchants Bank of Indiana
11555 N. Meridian Street
Carmel, IN 46032
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  
Total Number of Mortgage Applications 4,517
Total Mortgage Loan Application Amount $3,090,945,000
Average Mortgage Loan Application Amount $684,291
Highest Mortgage Loan Application Amount $60,045,000
Average Applicant Income $132,426
Highest Applicant Income $1,878,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Merchants Bank of Indiana filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Merchants Bank of Indiana by County in 2021

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Marion, Indiana 427 $ 299,745,000 $ 701,978 $ 74,000
St. Louis, Missouri 394 $ 187,780,000 $ 476,598 $ 152,000
Providence, Rhode Island 247 $ 71,265,000 $ 288,522 $ 117,000
Los Angeles, California 225 $ 100,525,000 $ 446,777 $ 153,000
Cook, Illinois 135 $ 184,535,000 $ 1,366,925 $ 142,000
Hamilton, Indiana 104 $ 32,690,000 $ 314,326 $ 176,000
Franklin, Ohio 98 $ 26,710,000 $ 272,551 $ 137,000
St. Louis City, Missouri 95 $ 34,045,000 $ 358,368 $ 117,000
Rapides, Louisiana 91 $ 22,835,000 $ 250,934 $ 134,000
Orange, California 84 $ 35,250,000 $ 419,642 $ 135,000
Kent, Rhode Island 80 $ 22,010,000 $ 275,125 $ 105,000
Washington, Rhode Island 77 $ 22,605,000 $ 293,571 $ 127,000
Maricopa, Arizona 76 $ 22,550,000 $ 296,710 $ 124,000
San Diego, California 69 $ 27,765,000 $ 402,391 $ 169,000
Plymouth, Massachusetts 67 $ 24,585,000 $ 366,940 $ 142,000
DuPage, Illinois 58 $ 17,340,000 $ 298,965 $ 146,000
Stark, Ohio 56 $ 11,880,000 $ 212,142 $ 83,000
Riverside, California 52 $ 16,490,000 $ 317,115 $ 135,000
Alameda, California 49 $ 31,255,000 $ 637,857 $ 180,000
St. Charles, Missouri 49 $ 11,805,000 $ 240,918 $ 119,000
San Bernardino, California 44 $ 15,170,000 $ 344,772 $ 133,000
Johnson, Indiana 41 $ 21,455,000 $ 523,292 $ 66,000
Bristol, Rhode Island 40 $ 13,990,000 $ 349,750 $ 184,000
Norfolk, Massachusetts 37 $ 14,435,000 $ 390,135 $ 151,000
Santa Clara, California 33 $ 14,835,000 $ 449,545 $ 206,000
Bristol, Massachusetts 31 $ 9,855,000 $ 317,903 $ 146,000
Will, Illinois 28 $ 7,120,000 $ 254,285 $ 151,000
Allegheny, Pennsylvania 28 $ 8,130,000 $ 290,357 $ 135,000
King, Washington 27 $ 10,175,000 $ 376,851 $ 183,000
Contra Costa, California 26 $ 10,510,000 $ 404,230 $ 159,000
Jefferson, Missouri 25 $ 5,065,000 $ 202,600 $ 115,000
Columbiana, Ohio 23 $ 2,985,000 $ 129,782 $ 61,000
Newport, Rhode Island 23 $ 7,195,000 $ 312,826 $ 119,000
Orange, Florida 22 $ 6,860,000 $ 311,818 $ 157,000
Hendricks, Indiana 22 $ 18,270,000 $ 830,454 $ 106,000
Calcasieu, Louisiana 22 $ 5,860,000 $ 266,363 $ 177,000
Oakland, Michigan 22 $ 11,270,000 $ 512,272 $ 138,000
Sacramento, California 21 $ 13,705,000 $ 652,619 $ 146,000
Randolph, Indiana 21 $ 4,195,000 $ 199,761 $ 92,000
Ventura, California 20 $ 7,660,000 $ 383,000 $ 133,000
Wayne, Indiana 19 $ 1,905,000 $ 100,263 $ 57,000
Montgomery, Ohio 19 $ 3,505,000 $ 184,473 $ 68,000
Caddo, Louisiana 17 $ 3,645,000 $ 214,411 $ 133,000
San Joaquin, California 16 $ 5,270,000 $ 329,375 $ 130,000
Cobb, Georgia 16 $ 5,610,000 $ 350,625 $ 187,000
Lake, Illinois 16 $ 4,300,000 $ 268,750 $ 224,000
Boone, Indiana 16 $ 24,260,000 $ 1,516,250 $ 196,000
Wayne, Michigan 16 $ 3,320,000 $ 207,500 $ 113,000
Delaware, Ohio 16 $ 4,700,000 $ 293,750 $ 175,000
Santa Barbara, California 15 $ 5,975,000 $ 398,333 $ 173,000
Summit, Ohio 15 $ 2,985,000 $ 199,000 $ 101,000
Kane, Illinois 14 $ 3,790,000 $ 270,714 $ 131,000
East Baton Rouge, Louisiana 14 $ 4,490,000 $ 320,714 $ 153,000
St. John the Baptist, Louisiana 14 $ 3,050,000 $ 217,857 $ 114,000
Snohomish, Washington 14 $ 3,980,000 $ 284,285 $ 150,000
Placer, California 13 $ 5,095,000 $ 391,923 $ 148,000
Fairfield, Connecticut 13 $ 5,695,000 $ 438,076 $ 169,000
Allen, Indiana 13 $ 96,615,000 $ 7,431,923 $ 57,000
Bossier, Louisiana 13 $ 3,295,000 $ 253,461 $ 139,000
Ouachita, Louisiana 13 $ 3,705,000 $ 285,000 $ 129,000
St. Charles, Louisiana 13 $ 2,825,000 $ 217,307 $ 111,000
Mahoning, Ohio 13 $ 2,235,000 $ 171,923 $ 95,000
Tarrant, Texas 13 $ 33,135,000 $ 2,548,846 $ 86,000
Solano, California 12 $ 4,070,000 $ 339,166 $ 150,000
Jefferson, Louisiana 12 $ 2,670,000 $ 222,500 $ 126,000
Middlesex, Massachusetts 12 $ 4,520,000 $ 376,666 $ 157,000
Lee, Florida 11 $ 3,365,000 $ 305,909 $ 487,000
Jefferson, Ohio 11 $ 1,315,000 $ 119,545 $ 91,000
San Mateo, California 10 $ 4,430,000 $ 443,000 $ 165,000
Hamilton, Ohio 10 $ 93,370,000 $ 9,337,000 $ 143,000
Harris, Texas 10 $ 27,390,000 $ 2,739,000 $ 153,000
Collier, Florida 9 $ 3,445,000 $ 382,777 $ 305,000
Hillsborough, Florida 9 $ 33,865,000 $ 3,762,777 $ 115,000
Mecklenburg, North Carolina 9 $ 26,895,000 $ 2,988,333 $ 116,000
Dane, Wisconsin 9 $ 2,845,000 $ 316,111 $ 143,000
San Francisco, California 8 $ 4,170,000 $ 521,250 $ 174,000
Jefferson, Colorado 8 $ 2,630,000 $ 328,750 $ 105,000
Seminole, Florida 8 $ 2,640,000 $ 330,000 $ 191,000
Fulton, Georgia 8 $ 2,390,000 $ 298,750 $ 145,000
Kendall, Illinois 8 $ 1,930,000 $ 241,250 $ 150,000
Grant, Louisiana 8 $ 2,180,000 $ 272,500 $ 86,000
St. James, Louisiana 8 $ 1,680,000 $ 210,000 $ 164,000
Worcester, Massachusetts 8 $ 3,020,000 $ 377,500 $ 229,000
Livingston, Michigan 8 $ 2,330,000 $ 291,250 $ 118,000
Fresno, California 7 $ 1,825,000 $ 260,714 $ 121,000
Kern, California 7 $ 1,885,000 $ 269,285 $ 93,000
Santa Cruz, California 7 $ 2,125,000 $ 303,571 $ 156,000
Arapahoe, Colorado 7 $ 2,115,000 $ 302,142 $ 138,000
Forsyth, Georgia 7 $ 1,705,000 $ 243,571 $ 139,000
Delaware, Indiana 7 $ 7,095,000 $ 1,013,571 $ 123,000
Madison, Indiana 7 $ 8,225,000 $ 1,175,000 $ 156,000
Monroe, Indiana 7 $ 26,745,000 $ 3,820,714 $ 99,000
Vanderburgh, Indiana 7 $ 33,765,000 $ 4,823,571 $ 209,000
La Salle, Louisiana 7 $ 1,275,000 $ 182,142 $ 104,000
Orleans, Louisiana 7 $ 2,515,000 $ 359,285 $ 136,000
Suffolk, Massachusetts 7 $ 3,215,000 $ 459,285 $ 158,000
Washtenaw, Michigan 7 $ 1,925,000 $ 275,000 $ 122,000
Butler, Ohio 7 $ 1,625,000 $ 232,142 $ 117,000
Carroll, Ohio 7 $ 3,485,000 $ 497,857 $ 106,000
Multnomah, Oregon 7 $ 2,025,000 $ 289,285 $ 126,000
Loudoun, Virginia 7 $ 2,795,000 $ 399,285 $ 129,000
Pima, Arizona 6 $ 1,460,000 $ 243,333 $ 94,000
Monterey, California 6 $ 2,030,000 $ 338,333 $ 121,000
Adams, Colorado 6 $ 2,190,000 $ 365,000 $ 165,000
Douglas, Colorado 6 $ 2,870,000 $ 478,333 $ 181,000
El Paso, Colorado 6 $ 1,520,000 $ 253,333 $ 93,000
New Haven, Connecticut 6 $ 1,930,000 $ 321,666 $ 110,000
Windham, Connecticut 6 $ 1,660,000 $ 276,666 $ 99,000
Pinellas, Florida 6 $ 1,890,000 $ 315,000 $ 219,000
DeKalb, Georgia 6 $ 2,030,000 $ 338,333 $ 177,000
Ada, Idaho 6 $ 2,200,000 $ 366,666 $ 112,000
Kosciusko, Indiana 6 $ 2,320,000 $ 386,666 $ 264,000
Jefferson, Kentucky 6 $ 11,680,000 $ 1,946,666 $ 264,000
Avoyelles, Louisiana 6 $ 1,300,000 $ 216,666 $ 106,000
Union, Louisiana 6 $ 1,100,000 $ 183,333 $ 99,000
Barnstable, Massachusetts 6 $ 2,350,000 $ 391,666 $ 185,000
Clark, Nevada 6 $ 1,830,000 $ 305,000 $ 210,000
Fairfield, Ohio 6 $ 1,290,000 $ 215,000 $ 84,000
York, South Carolina 6 $ 29,420,000 $ 4,903,333 $ 150,000
Travis, Texas 6 $ 1,730,000 $ 288,333 $ 275,000
Baldwin, Alabama 5 $ 15,175,000 $ 3,035,000 $ 258,000
Pinal, Arizona 5 $ 1,155,000 $ 231,000 $ 72,000
San Luis Obispo, California 5 $ 1,695,000 $ 339,000 $ 109,000
Sonoma, California 5 $ 2,475,000 $ 495,000 $ 146,000
Stanislaus, California 5 $ 2,015,000 $ 403,000 $ 144,000
New London, Connecticut 5 $ 1,635,000 $ 327,000 $ 158,000
Palm Beach, Florida 5 $ 1,485,000 $ 297,000 $ 115,000
McHenry, Illinois 5 $ 1,085,000 $ 217,000 $ 128,000
Hancock, Indiana 5 $ 37,655,000 $ 7,531,000 $ 85,000
Howard, Indiana 5 $ 14,825,000 $ 2,965,000 $ 66,000
Anne Arundel, Maryland 5 $ 1,465,000 $ 293,000 $ 129,000
Prince George's, Maryland 5 $ 52,605,000 $ 10,521,000 $ 127,000
Dakota, Minnesota 5 $ 1,325,000 $ 265,000 $ 128,000
Warren, Missouri 5 $ 1,105,000 $ 221,000 $ 191,000
Washington, Pennsylvania 5 $ 1,855,000 $ 371,000 $ 184,000
Fairfax, Virginia 5 $ 1,805,000 $ 361,000 $ 148,000
El Dorado, California 4 $ 1,440,000 $ 360,000 $ 152,000
Shasta, California 4 $ 1,180,000 $ 295,000 $ 92,000
Yolo, California 4 $ 1,380,000 $ 345,000 $ 183,000
Larimer, Colorado 4 $ 1,320,000 $ 330,000 $ 134,000
Broward, Florida 4 $ 1,340,000 $ 335,000 $ 211,000
Duval, Florida 4 $ 9,850,000 $ 2,462,500 $ 119,000
Cherokee, Georgia 4 $ 1,010,000 $ 252,500 $ 174,000
Gwinnett, Georgia 4 $ 1,200,000 $ 300,000 $ 154,000
Bartholomew, Indiana 4 $ 1,390,000 $ 347,500 $ 194,000
Grant, Indiana 4 $ 11,680,000 $ 2,920,000 $ 207,000
Lake, Indiana 4 $ 28,390,000 $ 7,097,500 $ 78,000
Putnam, Indiana 4 $ 990,000 $ 247,500 $ 130,000
Boone, Kentucky 4 $ 810,000 $ 202,500 $ 95,000
Ascension, Louisiana 4 $ 990,000 $ 247,500 $ 122,000
St. Tammany, Louisiana 4 $ 1,040,000 $ 260,000 $ 116,000
Hennepin, Minnesota 4 $ 1,020,000 $ 255,000 $ 283,000
Iredell, North Carolina 4 $ 12,120,000 $ 3,030,000 $ 75,000
Wake, North Carolina 4 $ 1,230,000 $ 307,500 $ 104,000
Cuyahoga, Ohio 4 $ 660,000 $ 165,000 $ 154,000
Greene, Ohio 4 $ 880,000 $ 220,000 $ 94,000
Portage, Ohio 4 $ 640,000 $ 160,000 $ 51,000
Warren, Ohio 4 $ 950,000 $ 237,500 $ 119,000
Charleston, South Carolina 4 $ 1,460,000 $ 365,000 $ 168,000
Prince William, Virginia 4 $ 1,110,000 $ 277,500 $ 125,000
Columbia, Wisconsin 4 $ 670,000 $ 167,500 $ 52,000
Napa, California 3 $ 1,585,000 $ 528,333 $ 133,000
Nevada, California 3 $ 955,000 $ 318,333 $ 199,000
Broomfield, Colorado 3 $ 1,135,000 $ 378,333 $ 144,000
Denver, Colorado 3 $ 1,085,000 $ 361,666 $ 242,000
Eagle, Colorado 3 $ 965,000 $ 321,666 $ 83,000
Middlesex, Connecticut 3 $ 695,000 $ 231,666 $ 332,000
Polk, Florida 3 $ 665,000 $ 221,666 $ 116,000
Sarasota, Florida 3 $ 1,125,000 $ 375,000 $ 163,000
Dougherty, Georgia 3 $ 15,815,000 $ 5,271,666 $ 0
Brown, Indiana 3 $ 1,165,000 $ 388,333 $ 831,000
Morgan, Indiana 3 $ 515,000 $ 171,666 $ 99,000
Tippecanoe, Indiana 3 $ 17,085,000 $ 5,695,000 $ 190,000
Polk, Iowa 3 $ 31,605,000 $ 10,535,000 $ 91,000
Warren, Kentucky 3 $ 15,655,000 $ 5,218,333 $ 50,000
Beauregard, Louisiana 3 $ 705,000 $ 235,000 $ 115,000
De Soto, Louisiana 3 $ 705,000 $ 235,000 $ 113,000
Lafayette, Louisiana 3 $ 855,000 $ 285,000 $ 109,000
Sabine, Louisiana 3 $ 845,000 $ 281,666 $ 211,000
Tangipahoa, Louisiana 3 $ 685,000 $ 228,333 $ 120,000
Monroe, Michigan 3 $ 925,000 $ 308,333 $ 93,000
Harrison, Mississippi 3 $ 9,405,000 $ 3,135,000 $ 133,000
Pearl River, Mississippi 3 $ 345,000 $ 115,000 $ 44,000
Camden, Missouri 3 $ 1,065,000 $ 355,000 $ 168,000
Lincoln, Missouri 3 $ 635,000 $ 211,666 $ 85,000
Douglas, Nebraska 3 $ 12,465,000 $ 4,155,000 $ 215,000
Cape May, New Jersey 3 $ 1,375,000 $ 458,333 $ 231,000
Union, New Jersey 3 $ 955,000 $ 318,333 $ 122,000
Bronx, New York 3 $ 12,885,000 $ 4,295,000 $ 0
Jefferson, New York 3 $ 14,845,000 $ 4,948,333 $ 0
Catawba, North Carolina 3 $ 13,085,000 $ 4,361,666 $ 232,000
Durham, North Carolina 3 $ 755,000 $ 251,666 $ 113,000
Darke, Ohio 3 $ 485,000 $ 161,666 $ 41,000
Licking, Ohio 3 $ 885,000 $ 295,000 $ 138,000
Madison, Ohio 3 $ 475,000 $ 158,333 $ 64,000
Washington, Oregon 3 $ 16,825,000 $ 5,608,333 $ 87,000
Montgomery, Pennsylvania 3 $ 965,000 $ 321,666 $ 221,000
Bexar, Texas 3 $ 43,505,000 $ 14,501,666 $ 230,000
Fauquier, Virginia 3 $ 925,000 $ 308,333 $ 129,000
Rock, Wisconsin 3 $ 675,000 $ 225,000 $ 76,000
Houston, Alabama 2 $ 450,000 $ 225,000 $ 73,000
Mohave, Arizona 2 $ 350,000 $ 175,000 $ 68,000
Benton, Arkansas 2 $ 470,000 $ 235,000 $ 86,000
Humboldt, California 2 $ 470,000 $ 235,000 $ 78,000
Imperial, California 2 $ 460,000 $ 230,000 $ 102,000
Marin, California 2 $ 1,080,000 $ 540,000 $ 374,000
San Benito, California 2 $ 910,000 $ 455,000 $ 137,000
Sutter, California 2 $ 440,000 $ 220,000 $ 321,000
Tulare, California 2 $ 390,000 $ 195,000 $ 104,000
Summit, Colorado 2 $ 1,300,000 $ 650,000 $ 238,000
Hartford, Connecticut 2 $ 28,200,000 $ 14,100,000 $ 212,000
District of Columbia, District Of Columbia 2 $ 1,000,000 $ 500,000 $ 218,000
Brevard, Florida 2 $ 330,000 $ 165,000 $ 171,000
Charlotte, Florida 2 $ 670,000 $ 335,000 $ 112,000
Escambia, Florida 2 $ 610,000 $ 305,000 $ 124,000
Miami-Dade, Florida 2 $ 59,890,000 $ 29,945,000 $ 99,000
Osceola, Florida 2 $ 450,000 $ 225,000 $ 125,000
Paulding, Georgia 2 $ 580,000 $ 290,000 $ 233,000
Canyon, Idaho 2 $ 560,000 $ 280,000 $ 124,000
DeKalb, Illinois 2 $ 360,000 $ 180,000 $ 109,000
Henry, Indiana 2 $ 290,000 $ 145,000 $ 62,000
Jay, Indiana 2 $ 2,110,000 $ 1,055,000 $ 0
LaPorte, Indiana 2 $ 10,720,000 $ 5,360,000 $ 99,000
Shelby, Indiana 2 $ 430,000 $ 215,000 $ 136,000
Tipton, Indiana 2 $ 340,000 $ 170,000 $ 43,000
White, Indiana 2 $ 1,180,000 $ 590,000 $ 197,000
Fayette, Kentucky 2 $ 2,790,000 $ 1,395,000 $ 0
Catahoula, Louisiana 2 $ 430,000 $ 215,000 $ 255,000
York, Maine 2 $ 730,000 $ 365,000 $ 167,000
Cecil, Maryland 2 $ 8,970,000 $ 4,485,000 $ 0
Charles, Maryland 2 $ 580,000 $ 290,000 $ 96,000
Macomb, Michigan 2 $ 510,000 $ 255,000 $ 91,000
Dodge, Minnesota 2 $ 490,000 $ 245,000 $ 86,000
Le Sueur, Minnesota 2 $ 430,000 $ 215,000 $ 70,000
Washington, Minnesota 2 $ 800,000 $ 400,000 $ 181,000
DeSoto, Mississippi 2 $ 480,000 $ 240,000 $ 49,000
Boone, Missouri 2 $ 8,650,000 $ 4,325,000 $ 185,000
Jackson, Missouri 2 $ 2,300,000 $ 1,150,000 $ 84,000
Sarpy, Nebraska 2 $ 410,000 $ 205,000 $ 141,000
Bergen, New Jersey 2 $ 760,000 $ 380,000 $ 133,000
Burlington, New Jersey 2 $ 490,000 $ 245,000 $ 243,000
Cumberland, New Jersey 2 $ 390,000 $ 195,000 $ 116,000
Essex, New Jersey 2 $ 640,000 $ 320,000 $ 173,000
Bernalillo, New Mexico 2 $ 560,000 $ 280,000 $ 87,000
Sandoval, New Mexico 2 $ 730,000 $ 365,000 $ 198,000
Onondaga, New York 2 $ 3,410,000 $ 1,705,000 $ 0
Queens, New York 2 $ 10,460,000 $ 5,230,000 $ 0
Brunswick, North Carolina 2 $ 710,000 $ 355,000 $ 61,000
Cabarrus, North Carolina 2 $ 590,000 $ 295,000 $ 200,000
Clark, Ohio 2 $ 330,000 $ 165,000 $ 55,000
Clermont, Ohio 2 $ 340,000 $ 170,000 $ 48,000
Medina, Ohio 2 $ 410,000 $ 205,000 $ 81,000
Pickaway, Ohio 2 $ 370,000 $ 185,000 $ 95,000
Preble, Ohio 2 $ 350,000 $ 175,000 $ 82,000
Wood, Ohio 2 $ 840,000 $ 420,000 $ 226,000
Benton, Oregon 2 $ 370,000 $ 185,000 $ 60,000
Clackamas, Oregon 2 $ 930,000 $ 465,000 $ 129,000
Deschutes, Oregon 2 $ 740,000 $ 370,000 $ 97,000
Josephine, Oregon 2 $ 36,000,000 $ 18,000,000 $ 0
Beaver, Pennsylvania 2 $ 830,000 $ 415,000 $ 120,000
Butler, Pennsylvania 2 $ 400,000 $ 200,000 $ 154,000
Delaware, Pennsylvania 2 $ 940,000 $ 470,000 $ 125,000
Berkeley, South Carolina 2 $ 340,000 $ 170,000 $ 101,000
Greenville, South Carolina 2 $ 2,330,000 $ 1,165,000 $ 0
Lincoln, South Dakota 2 $ 7,200,000 $ 3,600,000 $ 0
Pennington, South Dakota 2 $ 20,430,000 $ 10,215,000 $ 0
Rutherford, Tennessee 2 $ 970,000 $ 485,000 $ 165,000
Williamson, Tennessee 2 $ 900,000 $ 450,000 $ 208,000
Collin, Texas 2 $ 520,000 $ 260,000 $ 131,000
Dallas, Texas 2 $ 28,210,000 $ 14,105,000 $ 69,000
Arlington, Virginia 2 $ 750,000 $ 375,000 $ 234,000
Frederick, Virginia 2 $ 610,000 $ 305,000 $ 128,000
Norfolk, Virginia 2 $ 6,740,000 $ 3,370,000 $ 65,000
Spotsylvania, Virginia 2 $ 620,000 $ 310,000 $ 108,000
Pierce, Washington 2 $ 660,000 $ 330,000 $ 65,000
Raleigh, West Virginia 2 $ 6,130,000 $ 3,065,000 $ 0
Jefferson, Wisconsin 2 $ 390,000 $ 195,000 $ 59,000
Blount, Alabama 1 $ 185,000 $ 185,000 $ 52,000
Butler, Alabama 1 $ 225,000 $ 225,000 $ 133,000
Jefferson, Alabama 1 $ 255,000 $ 255,000 $ 74,000
Macon, Alabama 1 $ 155,000 $ 155,000 $ 160,000
Madison, Alabama 1 $ 275,000 $ 275,000 $ 283,000
Marshall, Alabama 1 $ 425,000 $ 425,000 $ 114,000
Montgomery, Alabama 1 $ 335,000 $ 335,000 $ 89,000
Shelby, Alabama 1 $ 215,000 $ 215,000 $ 68,000
Tuscaloosa, Alabama 1 $ 245,000 $ 245,000 $ 109,000
Anchorage, Alaska 1 $ 205,000 $ 205,000 $ 82,000
Coconino, Arizona 1 $ 245,000 $ 245,000 $ 68,000
Santa Cruz, Arizona 1 $ 305,000 $ 305,000 $ 100,000
Clark, Arkansas 1 $ 235,000 $ 235,000 $ 135,000
Washington, Arkansas 1 $ 25,005,000 $ 25,005,000 $ 0
Calaveras, California 1 $ 255,000 $ 255,000 $ 63,000
Kings, California 1 $ 205,000 $ 205,000 $ 73,000
Madera, California 1 $ 285,000 $ 285,000 $ 163,000
Merced, California 1 $ 305,000 $ 305,000 $ 72,000
Boulder, Colorado 1 $ 635,000 $ 635,000 $ 111,000
Gunnison, Colorado 1 $ 195,000 $ 195,000 $ 40,000
Lake, Colorado 1 $ 215,000 $ 215,000 $ 62,000
Mesa, Colorado 1 $ 215,000 $ 215,000 $ 60,000
Bay, Florida 1 $ 145,000 $ 145,000 $ 127,000
Citrus, Florida 1 $ 495,000 $ 495,000 $ 800,000
Hernando, Florida 1 $ 275,000 $ 275,000 $ 197,000
Marion, Florida 1 $ 295,000 $ 295,000 $ 99,000
Okaloosa, Florida 1 $ 3,375,000 $ 3,375,000 $ 0
St. Johns, Florida 1 $ 295,000 $ 295,000 $ 148,000
Catoosa, Georgia 1 $ 265,000 $ 265,000 $ 100,000
Coweta, Georgia 1 $ 225,000 $ 225,000 $ 122,000
Hart, Georgia 1 $ 195,000 $ 195,000 $ 198,000
Henry, Georgia 1 $ 51,065,000 $ 51,065,000 $ 0
Long, Georgia 1 $ 215,000 $ 215,000 $ 131,000
Lowndes, Georgia 1 $ 22,575,000 $ 22,575,000 $ 0
Putnam, Georgia 1 $ 425,000 $ 425,000 $ 226,000
White, Georgia 1 $ 285,000 $ 285,000 $ 57,000
Honolulu, Hawaii 1 $ 785,000 $ 785,000 $ 674,000
Kootenai, Idaho 1 $ 245,000 $ 245,000 $ 44,000
Boone, Illinois 1 $ 165,000 $ 165,000 $ 64,000
Champaign, Illinois 1 $ 125,000 $ 125,000 $ 49,000
Fayette, Illinois 1 $ 215,000 $ 215,000 $ 51,000
Ford, Illinois 1 $ 95,000 $ 95,000 $ 79,000
Mercer, Illinois 1 $ 95,000 $ 95,000 $ 52,000
Ogle, Illinois 1 $ 95,000 $ 95,000 $ 26,000
Benton, Indiana 1 $ 2,065,000 $ 2,065,000 $ 0
Cass, Indiana 1 $ 1,225,000 $ 1,225,000 $ 0
Clinton, Indiana 1 $ 85,000 $ 85,000 $ 44,000
Dubois, Indiana 1 $ 165,000 $ 165,000 $ 58,000
Fayette, Indiana 1 $ 125,000 $ 125,000 $ 72,000
Greene, Indiana 1 $ 75,000 $ 75,000 $ 30,000
Lawrence, Indiana 1 $ 85,000 $ 85,000 $ 34,000
Marshall, Indiana 1 $ 295,000 $ 295,000 $ 704,000
Martin, Indiana 1 $ 155,000 $ 155,000 $ 23,000
Pulaski, Indiana 1 $ 205,000 $ 205,000 $ 66,000
St. Joseph, Indiana 1 $ 54,255,000 $ 54,255,000 $ 0
Steuben, Indiana 1 $ 65,000 $ 65,000 $ 92,000
Union, Indiana 1 $ 185,000 $ 185,000 $ 64,000
Wabash, Indiana 1 $ 85,000 $ 85,000 $ 42,000
Johnson, Iowa 1 $ 9,075,000 $ 9,075,000 $ 0
Pottawattamie, Iowa 1 $ 225,000 $ 225,000 $ 109,000
Johnson, Kansas 1 $ 235,000 $ 235,000 $ 170,000
Sedgwick, Kansas 1 $ 125,000 $ 125,000 $ 100,000
Bullitt, Kentucky 1 $ 285,000 $ 285,000 $ 91,000
Cumberland, Kentucky 1 $ 325,000 $ 325,000 $ 167,000
Floyd, Kentucky 1 $ 255,000 $ 255,000 $ 129,000
Garrard, Kentucky 1 $ 325,000 $ 325,000 $ 89,000
Kenton, Kentucky 1 $ 105,000 $ 105,000 $ 164,000
Oldham, Kentucky 1 $ 185,000 $ 185,000 $ 87,000
Pendleton, Kentucky 1 $ 385,000 $ 385,000 $ 112,000
Woodford, Kentucky 1 $ 185,000 $ 185,000 $ 44,000
Allen, Louisiana 1 $ 155,000 $ 155,000 $ 150,000
Iberia, Louisiana 1 $ 115,000 $ 115,000 $ 149,000
Iberville, Louisiana 1 $ 235,000 $ 235,000 $ 90,000
Jefferson Davis, Louisiana 1 $ 365,000 $ 365,000 $ 164,000
Lincoln, Louisiana 1 $ 115,000 $ 115,000 $ 85,000
Natchitoches, Louisiana 1 $ 285,000 $ 285,000 $ 220,000
Red River, Louisiana 1 $ 285,000 $ 285,000 $ 115,000
St. Landry, Louisiana 1 $ 355,000 $ 355,000 $ 87,000
Terrebonne, Louisiana 1 $ 525,000 $ 525,000 $ 250,000
West Carroll, Louisiana 1 $ 65,000 $ 65,000 $ 43,000
Androscoggin, Maine 1 $ 225,000 $ 225,000 $ 80,000
Baltimore, Maryland 1 $ 255,000 $ 255,000 $ 73,000
Harford, Maryland 1 $ 215,000 $ 215,000 $ 57,000
Howard, Maryland 1 $ 545,000 $ 545,000 $ 307,000
Talbot, Maryland 1 $ 265,000 $ 265,000 $ 262,000
Wicomico, Maryland 1 $ 135,000 $ 135,000 $ 195,000
Allegan, Michigan 1 $ 215,000 $ 215,000 $ 75,000
Arenac, Michigan 1 $ 275,000 $ 275,000 $ 154,000
Genesee, Michigan 1 $ 125,000 $ 125,000 $ 40,000
Huron, Michigan 1 $ 65,000 $ 65,000 $ 21,000
Ingham, Michigan 1 $ 295,000 $ 295,000 $ 240,000
Jackson, Michigan 1 $ 145,000 $ 145,000 $ 51,000
Kalamazoo, Michigan 1 $ 255,000 $ 255,000 $ 97,000
Kent, Michigan 1 $ 255,000 $ 255,000 $ 175,000
Mackinac, Michigan 1 $ 105,000 $ 105,000 $ 53,000
Sanilac, Michigan 1 $ 195,000 $ 195,000 $ 113,000
Van Buren, Michigan 1 $ 275,000 $ 275,000 $ 74,000
Anoka, Minnesota 1 $ 225,000 $ 225,000 $ 106,000
Cass, Minnesota 1 $ 595,000 $ 595,000 $ 274,000
Isanti, Minnesota 1 $ 205,000 $ 205,000 $ 92,000
Ramsey, Minnesota 1 $ 495,000 $ 495,000 $ 265,000
Scott, Minnesota 1 $ 305,000 $ 305,000 $ 160,000
Stearns, Minnesota 1 $ 175,000 $ 175,000 $ 56,000
Wright, Minnesota 1 $ 325,000 $ 325,000 $ 120,000
Attala, Mississippi 1 $ 245,000 $ 245,000 $ 60,000
Lamar, Mississippi 1 $ 255,000 $ 255,000 $ 204,000
Lauderdale, Mississippi 1 $ 215,000 $ 215,000 $ 229,000
Madison, Mississippi 1 $ 205,000 $ 205,000 $ 112,000
Rankin, Mississippi 1 $ 595,000 $ 595,000 $ 303,000
Cape Girardeau, Missouri 1 $ 295,000 $ 295,000 $ 168,000
Franklin, Missouri 1 $ 425,000 $ 425,000 $ 96,000
St. Francois, Missouri 1 $ 335,000 $ 335,000 $ 217,000
Seward, Nebraska 1 $ 105,000 $ 105,000 $ 61,000
Carroll, New Hampshire 1 $ 175,000 $ 175,000 $ 197,000
Hillsborough, New Hampshire 1 $ 255,000 $ 255,000 $ 63,000
Rockingham, New Hampshire 1 $ 265,000 $ 265,000 $ 150,000
Strafford, New Hampshire 1 $ 345,000 $ 345,000 $ 124,000
Atlantic, New Jersey 1 $ 255,000 $ 255,000 $ 86,000
Camden, New Jersey 1 $ 205,000 $ 205,000 $ 50,000
Hudson, New Jersey 1 $ 235,000 $ 235,000 $ 172,000
Hunterdon, New Jersey 1 $ 615,000 $ 615,000 $ 212,000
Mercer, New Jersey 1 $ 245,000 $ 245,000 $ 142,000
Middlesex, New Jersey 1 $ 295,000 $ 295,000 $ 103,000
Ocean, New Jersey 1 $ 195,000 $ 195,000 $ 388,000
Dona Ana, New Mexico 1 $ 285,000 $ 285,000 $ 121,000
Otero, New Mexico 1 $ 255,000 $ 255,000 $ 70,000
San Juan, New Mexico 1 $ 295,000 $ 295,000 $ 227,000
Santa Fe, New Mexico 1 $ 245,000 $ 245,000 $ 92,000
Currituck, North Carolina 1 $ 265,000 $ 265,000 $ 80,000
Granville, North Carolina 1 $ 165,000 $ 165,000 $ 46,000
New Hanover, North Carolina 1 $ 225,000 $ 225,000 $ 644,000
Randolph, North Carolina 1 $ 255,000 $ 255,000 $ 91,000
Stanly, North Carolina 1 $ 215,000 $ 215,000 $ 74,000
Wilkes, North Carolina 1 $ 145,000 $ 145,000 $ 53,000
Burleigh, North Dakota 1 $ 375,000 $ 375,000 $ 173,000
Athens, Ohio 1 $ 255,000 $ 255,000 $ 65,000
Harrison, Ohio 1 $ 145,000 $ 145,000 $ 117,000
Knox, Ohio 1 $ 155,000 $ 155,000 $ 59,000
Lorain, Ohio 1 $ 105,000 $ 105,000 $ 53,000
Miami, Ohio 1 $ 185,000 $ 185,000 $ 41,000
Morgan, Ohio 1 $ 2,645,000 $ 2,645,000 $ 0
Perry, Ohio 1 $ 145,000 $ 145,000 $ 42,000
Pike, Ohio 1 $ 135,000 $ 135,000 $ 40,000
Shelby, Ohio 1 $ 105,000 $ 105,000 $ 112,000
Trumbull, Ohio 1 $ 265,000 $ 265,000 $ 165,000
Tuscarawas, Ohio 1 $ 275,000 $ 275,000 $ 134,000
Wayne, Ohio 1 $ 205,000 $ 205,000 $ 66,000
Payne, Oklahoma 1 $ 235,000 $ 235,000 $ 184,000
Clatsop, Oregon 1 $ 185,000 $ 185,000 $ 79,000
Curry, Oregon 1 $ 305,000 $ 305,000 $ 106,000
Lane, Oregon 1 $ 255,000 $ 255,000 $ 60,000
Marion, Oregon 1 $ 245,000 $ 245,000 $ 66,000
Armstrong, Pennsylvania 1 $ 105,000 $ 105,000 $ 52,000
Bedford, Pennsylvania 1 $ 545,000 $ 545,000 $ 163,000
Chester, Pennsylvania 1 $ 165,000 $ 165,000 $ 99,000
Lawrence, Pennsylvania 1 $ 125,000 $ 125,000 $ 64,000
Monroe, Pennsylvania 1 $ 245,000 $ 245,000 $ 131,000
Philadelphia, Pennsylvania 1 $ 205,000 $ 205,000 $ 153,000
Pike, Pennsylvania 1 $ 155,000 $ 155,000 $ 83,000
Westmoreland, Pennsylvania 1 $ 85,000 $ 85,000 $ 73,000
Aiken, South Carolina 1 $ 295,000 $ 295,000 $ 56,000
Anderson, South Carolina 1 $ 275,000 $ 275,000 $ 175,000
Beaufort, South Carolina 1 $ 245,000 $ 245,000 $ 76,000
Lexington, South Carolina 1 $ 315,000 $ 315,000 $ 144,000
Pickens, South Carolina 1 $ 285,000 $ 285,000 $ 226,000
Richland, South Carolina 1 $ 545,000 $ 545,000 $ 299,000
Bradley, Tennessee 1 $ 155,000 $ 155,000 $ 70,000
Campbell, Tennessee 1 $ 545,000 $ 545,000 $ 327,000
Davidson, Tennessee 1 $ 315,000 $ 315,000 $ 96,000
Dickson, Tennessee 1 $ 165,000 $ 165,000 $ 44,000
Humphreys, Tennessee 1 $ 115,000 $ 115,000 $ 39,000
Maury, Tennessee 1 $ 255,000 $ 255,000 $ 51,000
Robertson, Tennessee 1 $ 215,000 $ 215,000 $ 187,000
Sevier, Tennessee 1 $ 365,000 $ 365,000 $ 420,000
Shelby, Tennessee 1 $ 18,755,000 $ 18,755,000 $ 0
Brazoria, Texas 1 $ 235,000 $ 235,000 $ 116,000
Cameron, Texas 1 $ 8,405,000 $ 8,405,000 $ 0
Denton, Texas 1 $ 265,000 $ 265,000 $ 157,000
Ellis, Texas 1 $ 375,000 $ 375,000 $ 65,000
Fort Bend, Texas 1 $ 215,000 $ 215,000 $ 159,000
Gregg, Texas 1 $ 4,035,000 $ 4,035,000 $ 0
Guadalupe, Texas 1 $ 205,000 $ 205,000 $ 153,000
Hidalgo, Texas 1 $ 135,000 $ 135,000 $ 114,000
Kaufman, Texas 1 $ 255,000 $ 255,000 $ 56,000
Kendall, Texas 1 $ 305,000 $ 305,000 $ 146,000
Lubbock, Texas 1 $ 16,375,000 $ 16,375,000 $ 0
Parker, Texas 1 $ 265,000 $ 265,000 $ 90,000
Rockwall, Texas 1 $ 205,000 $ 205,000 $ 40,000
Albemarle, Virginia 1 $ 255,000 $ 255,000 $ 72,000
Alexandria, Virginia 1 $ 375,000 $ 375,000 $ 171,000
Lynchburg, Virginia 1 $ 295,000 $ 295,000 $ 80,000
Montgomery, Virginia 1 $ 275,000 $ 275,000 $ 114,000
Rockingham, Virginia 1 $ 245,000 $ 245,000 $ 84,000
Stafford, Virginia 1 $ 225,000 $ 225,000 $ 69,000
York, Virginia 1 $ 185,000 $ 185,000 $ 82,000
Benton, Washington 1 $ 14,005,000 $ 14,005,000 $ 0
Chelan, Washington 1 $ 255,000 $ 255,000 $ 55,000
Spokane, Washington 1 $ 385,000 $ 385,000 $ 151,000
Yakima, Washington 1 $ 325,000 $ 325,000 $ 218,000
Cabell, West Virginia 1 $ 235,000 $ 235,000 $ 135,000
Mineral, West Virginia 1 $ 25,005,000 $ 25,005,000 $ 0
Monongalia, West Virginia 1 $ 215,000 $ 215,000 $ 191,000
Wyoming, West Virginia 1 $ 55,000 $ 55,000 $ 208,000
Fond du Lac, Wisconsin 1 $ 105,000 $ 105,000 $ 62,000
Washington, Wisconsin 1 $ 225,000 $ 225,000 $ 60,000
Converse, Wyoming 1 $ 235,000 $ 235,000 $ 81,000
Teton, Wyoming 1 $ 425,000 $ 425,000 $ 86,000

Mortgage Loan Application Detail Totals for Merchants Bank of Indiana in 2021

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 2,267 $1,114,025,000 $491,000 $60,045,000 $142,000 $1,662,000
Home Purchase 1,185 $1,450,805,000 $1,224,000 $59,505,000 $117,000 $1,878,000
Cash-out Refinancing 1,017 $300,905,000 $295,000 $825,000 $133,000 $965,000
Home Improvement 48 $225,210,000 $4,691,000 $30,005,000 $49,000 $62,000
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 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 3,053 $877,955,000 $287,000 $1,145,000 $138,000 $1,878,000
Asian 597 $177,715,000 $297,000 $1,555,000 $113,000 $617,000
Not Provided 409 $136,425,000 $333,000 $855,000 $151,000 $799,000
Hispanic 173 $51,735,000 $299,000 $745,000 $113,000 $529,000
Not applicable 161 $1,816,925,000 $11,285,000 $60,045,000 $0 $0
Black or African American 109 $26,515,000 $243,000 $595,000 $96,000 $362,000
Native Hawaiian or Other Pacific Islander 9 $2,275,000 $252,000 $505,000 $124,000 $169,000
American Indian or Alaskan Native 6 $1,400,000 $233,000 $435,000 $186,000 $343,000

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) 4,470 $3,080,490,000 $689,000 $60,045,000 $134,000 $1,878,000
FHA-insured (Federal Housing Administration) 47 $10,455,000 $222,000 $445,000 $63,000 $248,000
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 3,602 $2,789,120,000 $774,000 $60,045,000 $131,000 $1,878,000
Loan Purchased By The Institution 621 $229,295,000 $369,000 $1,555,000 $151,000 $925,000
Application Withdrawn By Applicant 119 $29,615,000 $248,000 $905,000 $129,000 $996,000
Application Approved But Not Accepted 87 $24,125,000 $277,000 $805,000 $138,000 $659,000
Application Denied By Financial Institution 75 $16,575,000 $221,000 $855,000 $86,000 $747,000
File Closed For Incompleteness 13 $2,215,000 $170,000 $345,000 $163,000 $744,000
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
Not applicable 4,442 $3,074,370,000 $692,000 $60,045,000 $134,000 $1,878,000
Debt-To-Income Ratio 48 $10,320,000 $215,000 $545,000 $64,000 $214,000
Collateral 10 $3,620,000 $362,000 $855,000 $223,000 $747,000
Credit History 10 $1,700,000 $170,000 $505,000 $62,000 $114,000
Employment History 3 $565,000 $188,000 $265,000 $62,000 $115,000
Other 2 $190,000 $95,000 $145,000 $117,000 $182,000
Credit Application Incomplete 1 $85,000 $85,000 $85,000 $50,000 $50,000
Insufficient Cash (Downpayment, Closing Cost) 1 $95,000 $95,000 $95,000 $30,000 $30,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Merchants Bank of Indiana's 2021 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 Merchants Bank of Indiana'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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