Merchants Bank of Indiana Mortgage Lending & HMDA Data, 2022

In 2022, Merchants Bank of Indiana of Carmel, IN reported 2,956 mortgage applications totaling $5.4 billion, down 35% from 2021. The average application was for $1,827,423, and applicants reported an average income of $162,757. 44% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Indianapolis-Carmel-Anderson, IN (396), Providence-Warwick, RI-MA (156) and St. Louis, MO-IL (101) (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 2,956
Total Mortgage Loan Application Amount $5,401,865,000
Average Mortgage Loan Application Amount $1,827,423
Highest Mortgage Loan Application Amount $80,005,000
Average Applicant Income $162,757
Highest Applicant Income $3,960,000

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records Merchants Bank of Indiana filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2022

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Marion, Indiana 207 $ 485,395,000 $ 2,344,903 $ 147,000
Hamilton, Indiana 98 $ 77,350,000 $ 789,285 $ 275,000
Maricopa, Arizona 87 $ 113,965,000 $ 1,309,942 $ 174,000
Providence, Rhode Island 82 $ 28,420,000 $ 346,585 $ 138,000
St. Louis, Missouri 54 $ 62,680,000 $ 1,160,740 $ 137,000
Plymouth, Massachusetts 48 $ 19,240,000 $ 400,833 $ 138,000
Stark, Ohio 42 $ 7,320,000 $ 174,285 $ 82,000
Ada, Idaho 40 $ 32,510,000 $ 812,750 $ 180,000
Los Angeles, California 37 $ 30,765,000 $ 831,486 $ 145,000
Franklin, Ohio 34 $ 65,680,000 $ 1,931,764 $ 171,000
Rapides, Louisiana 33 $ 8,945,000 $ 271,060 $ 113,000
Cook, Illinois 32 $ 53,150,000 $ 1,660,937 $ 161,000
Johnson, Indiana 30 $ 79,590,000 $ 2,653,000 $ 117,000
Kent, Rhode Island 29 $ 9,945,000 $ 342,931 $ 113,000
San Diego, California 27 $ 26,235,000 $ 971,666 $ 138,000
Norfolk, Massachusetts 26 $ 11,510,000 $ 442,692 $ 151,000
Caddo, Louisiana 25 $ 6,615,000 $ 264,600 $ 0
Travis, Texas 25 $ 15,585,000 $ 623,400 $ 0
Pierce, Washington 25 $ 15,675,000 $ 627,000 $ 245,000
Riverside, California 24 $ 17,700,000 $ 737,500 $ 678,000
Douglas, Colorado 24 $ 18,160,000 $ 756,666 $ 252,000
Orange, California 23 $ 21,665,000 $ 941,956 $ 614,000
Clark, Nevada 23 $ 12,315,000 $ 535,434 $ 165,000
Montgomery, Ohio 23 $ 12,375,000 $ 538,043 $ 55,000
Alameda, California 22 $ 31,450,000 $ 1,429,545 $ 157,000
Contra Costa, California 21 $ 20,445,000 $ 973,571 $ 411,000
Bossier, Louisiana 21 $ 6,075,000 $ 289,285 $ 0
Washington, Rhode Island 21 $ 6,825,000 $ 325,000 $ 102,000
King, Washington 21 $ 20,045,000 $ 954,523 $ 526,000
Honolulu, Hawaii 20 $ 17,300,000 $ 865,000 $ 310,000
Randolph, Indiana 20 $ 1,580,000 $ 79,000 $ 71,000
Wayne, Indiana 20 $ 1,940,000 $ 97,000 $ 69,000
Arapahoe, Colorado 19 $ 10,825,000 $ 569,736 $ 1,264,000
Boone, Indiana 18 $ 15,360,000 $ 853,333 $ 189,000
Hamilton, Tennessee 17 $ 6,575,000 $ 386,764 $ 425,000
Larimer, Colorado 16 $ 7,210,000 $ 450,625 $ 110,000
Hillsborough, Florida 16 $ 7,320,000 $ 457,500 $ 137,000
Hendricks, Indiana 16 $ 64,550,000 $ 4,034,375 $ 101,000
Harris, Texas 16 $ 97,420,000 $ 6,088,750 $ 0
Jefferson, Colorado 15 $ 10,975,000 $ 731,666 $ 286,000
DuPage, Illinois 15 $ 5,845,000 $ 389,666 $ 138,000
Buncombe, North Carolina 15 $ 5,815,000 $ 387,666 $ 136,000
Utah, Utah 15 $ 7,685,000 $ 512,333 $ 215,000
Spokane, Washington 15 $ 7,745,000 $ 516,333 $ 0
Dallas, Texas 14 $ 166,790,000 $ 11,913,571 $ 22,000
Denver, Colorado 13 $ 8,415,000 $ 647,307 $ 199,000
St. Charles, Missouri 13 $ 3,185,000 $ 245,000 $ 114,000
St. Louis City, Missouri 13 $ 2,935,000 $ 225,769 $ 156,000
Wake, North Carolina 13 $ 65,155,000 $ 5,011,923 $ 254,000
Summit, Ohio 13 $ 6,575,000 $ 505,769 $ 80,000
Pinellas, Florida 12 $ 16,580,000 $ 1,381,666 $ 227,000
Cumberland, Maine 11 $ 5,105,000 $ 464,090 $ 0
Bristol, Massachusetts 11 $ 3,855,000 $ 350,454 $ 130,000
Jackson, Missouri 11 $ 78,325,000 $ 7,120,454 $ 0
Lee, Alabama 10 $ 4,590,000 $ 459,000 $ 259,000
Fresno, California 10 $ 4,460,000 $ 446,000 $ 298,000
Sacramento, California 10 $ 8,660,000 $ 866,000 $ 124,000
El Paso, Colorado 10 $ 5,830,000 $ 583,000 $ 112,000
Broward, Florida 10 $ 132,130,000 $ 13,213,000 $ 114,000
Orange, Florida 10 $ 3,260,000 $ 326,000 $ 103,000
Carroll, Ohio 10 $ 1,800,000 $ 180,000 $ 124,000
Pennington, South Dakota 10 $ 3,790,000 $ 379,000 $ 0
Williamson, Tennessee 10 $ 11,600,000 $ 1,160,000 $ 294,000
Montgomery, Texas 10 $ 5,280,000 $ 528,000 $ 0
Baldwin, Alabama 9 $ 20,945,000 $ 2,327,222 $ 0
Montgomery, Alabama 9 $ 58,475,000 $ 6,497,222 $ 0
Pinal, Arizona 9 $ 4,595,000 $ 510,555 $ 377,000
Adams, Colorado 9 $ 3,945,000 $ 438,333 $ 0
Lee, Florida 9 $ 4,195,000 $ 466,111 $ 158,000
Allen, Indiana 9 $ 18,865,000 $ 2,096,111 $ 57,000
Madison, Indiana 9 $ 50,985,000 $ 5,665,000 $ 80,000
Hinds, Mississippi 9 $ 56,205,000 $ 6,245,000 $ 0
Douglas, Nebraska 9 $ 43,225,000 $ 4,802,777 $ 163,000
Henderson, North Carolina 9 $ 4,015,000 $ 446,111 $ 111,000
Columbiana, Ohio 9 $ 1,595,000 $ 177,222 $ 102,000
Josephine, Oregon 9 $ 4,885,000 $ 542,777 $ 0
Charleston, South Carolina 9 $ 9,325,000 $ 1,036,111 $ 161,000
Davidson, Tennessee 9 $ 7,185,000 $ 798,333 $ 505,000
Williamson, Texas 9 $ 3,605,000 $ 400,555 $ 0
Clark, Washington 9 $ 8,105,000 $ 900,555 $ 0
Seminole, Florida 8 $ 3,670,000 $ 458,750 $ 175,000
Ouachita, Louisiana 8 $ 11,050,000 $ 1,381,250 $ 139,000
Haywood, North Carolina 8 $ 2,750,000 $ 343,750 $ 180,000
Cuyahoga, Ohio 8 $ 100,050,000 $ 12,506,250 $ 86,000
Horry, South Carolina 8 $ 9,700,000 $ 1,212,500 $ 85,000
Sumner, Tennessee 8 $ 6,560,000 $ 820,000 $ 0
Bell, Texas 8 $ 14,260,000 $ 1,782,500 $ 0
Fairfax, Virginia 8 $ 5,270,000 $ 658,750 $ 0
Pima, Arizona 7 $ 3,365,000 $ 480,714 $ 95,000
St. Clair, Illinois 7 $ 6,815,000 $ 973,571 $ 148,000
Hancock, Indiana 7 $ 53,255,000 $ 7,607,857 $ 84,000
Kosciusko, Indiana 7 $ 13,785,000 $ 1,969,285 $ 180,000
York, Maine 7 $ 2,455,000 $ 350,714 $ 0
Mecklenburg, North Carolina 7 $ 33,405,000 $ 4,772,142 $ 0
Bristol, Rhode Island 7 $ 3,355,000 $ 479,285 $ 186,000
Bexar, Texas 7 $ 33,045,000 $ 4,720,714 $ 0
Dane, Wisconsin 7 $ 2,485,000 $ 355,000 $ 167,000
San Bernardino, California 6 $ 3,190,000 $ 531,666 $ 302,000
Boulder, Colorado 6 $ 4,690,000 $ 781,666 $ 0
Volusia, Florida 6 $ 2,190,000 $ 365,000 $ 0
Cobb, Georgia 6 $ 2,310,000 $ 385,000 $ 154,000
Canyon, Idaho 6 $ 2,760,000 $ 460,000 $ 0
Middlesex, Massachusetts 6 $ 3,620,000 $ 603,333 $ 269,000
Wayne, Michigan 6 $ 18,100,000 $ 3,016,666 $ 0
Lancaster, Nebraska 6 $ 2,080,000 $ 346,666 $ 0
Kings, New York 6 $ 135,530,000 $ 22,588,333 $ 198,000
Butler, Ohio 6 $ 1,240,000 $ 206,666 $ 86,000
Delaware, Ohio 6 $ 1,980,000 $ 330,000 $ 143,000
Greene, Ohio 6 $ 940,000 $ 156,666 $ 89,000
Newport, Rhode Island 6 $ 2,130,000 $ 355,000 $ 208,000
Rutherford, Tennessee 6 $ 2,520,000 $ 420,000 $ 0
Denton, Texas 6 $ 4,280,000 $ 713,333 $ 130,000
Hays, Texas 6 $ 12,460,000 $ 2,076,666 $ 0
Snohomish, Washington 6 $ 4,210,000 $ 701,666 $ 0
Jefferson, Alabama 5 $ 33,035,000 $ 6,607,000 $ 436,000
Anchorage, Alaska 5 $ 2,685,000 $ 537,000 $ 104,000
Navajo, Arizona 5 $ 2,255,000 $ 451,000 $ 0
Yuma, Arizona 5 $ 2,445,000 $ 489,000 $ 0
Placer, California 5 $ 3,395,000 $ 679,000 $ 194,000
Palm Beach, Florida 5 $ 2,325,000 $ 465,000 $ 112,000
St. Johns, Florida 5 $ 2,835,000 $ 567,000 $ 196,000
Fulton, Georgia 5 $ 3,205,000 $ 641,000 $ 174,000
Delaware, Indiana 5 $ 1,325,000 $ 265,000 $ 149,000
Vanderburgh, Indiana 5 $ 25,355,000 $ 5,071,000 $ 66,000
Johnson, Kansas 5 $ 31,455,000 $ 6,291,000 $ 0
Calcasieu, Louisiana 5 $ 1,415,000 $ 283,000 $ 105,000
De Soto, Louisiana 5 $ 1,235,000 $ 247,000 $ 0
East Baton Rouge, Louisiana 5 $ 1,615,000 $ 323,000 $ 0
Union, Louisiana 5 $ 1,315,000 $ 263,000 $ 110,000
Montgomery, Maryland 5 $ 42,045,000 $ 8,409,000 $ 0
Barnstable, Massachusetts 5 $ 1,505,000 $ 301,000 $ 213,000
Harrison, Mississippi 5 $ 15,865,000 $ 3,173,000 $ 0
Jefferson, Missouri 5 $ 1,355,000 $ 271,000 $ 136,000
Rockingham, New Hampshire 5 $ 2,855,000 $ 571,000 $ 0
Mahoning, Ohio 5 $ 735,000 $ 147,000 $ 63,000
Deschutes, Oregon 5 $ 3,785,000 $ 757,000 $ 0
Multnomah, Oregon 5 $ 2,965,000 $ 593,000 $ 0
Washington, Oregon 5 $ 2,505,000 $ 501,000 $ 0
Lexington, South Carolina 5 $ 65,495,000 $ 13,099,000 $ 0
York, South Carolina 5 $ 28,185,000 $ 5,637,000 $ 0
Maury, Tennessee 5 $ 2,185,000 $ 437,000 $ 0
Brazoria, Texas 5 $ 2,085,000 $ 417,000 $ 0
Tarrant, Texas 5 $ 16,485,000 $ 3,297,000 $ 0
Milwaukee, Wisconsin 5 $ 64,565,000 $ 12,913,000 $ 0
Chilton, Alabama 4 $ 980,000 $ 245,000 $ 0
Kenai Peninsula, Alaska 4 $ 1,550,000 $ 387,500 $ 80,000
Pulaski, Arkansas 4 $ 43,780,000 $ 10,945,000 $ 0
San Joaquin, California 4 $ 2,930,000 $ 732,500 $ 162,000
San Luis Obispo, California 4 $ 3,720,000 $ 930,000 $ 0
Elbert, Colorado 4 $ 2,370,000 $ 592,500 $ 116,000
Weld, Colorado 4 $ 1,260,000 $ 315,000 $ 0
Duval, Florida 4 $ 1,220,000 $ 305,000 $ 0
Bartow, Georgia 4 $ 80,390,000 $ 20,097,500 $ 0
Gwinnett, Georgia 4 $ 2,230,000 $ 557,500 $ 70,000
Richmond, Georgia 4 $ 37,740,000 $ 9,435,000 $ 0
Kane, Illinois 4 $ 1,110,000 $ 277,500 $ 128,000
Will, Illinois 4 $ 1,370,000 $ 342,500 $ 133,000
Monroe, Indiana 4 $ 15,950,000 $ 3,987,500 $ 265,000
Morgan, Indiana 4 $ 1,300,000 $ 325,000 $ 137,000
Jefferson, Kentucky 4 $ 14,530,000 $ 3,632,500 $ 297,000
Grant, Louisiana 4 $ 1,050,000 $ 262,500 $ 0
Lafayette, Louisiana 4 $ 680,000 $ 170,000 $ 0
Essex, Massachusetts 4 $ 1,940,000 $ 485,000 $ 150,000
Worcester, Massachusetts 4 $ 1,960,000 $ 490,000 $ 174,000
Jackson, Mississippi 4 $ 24,510,000 $ 6,127,500 $ 0
Clay, Missouri 4 $ 2,120,000 $ 530,000 $ 0
Washoe, Nevada 4 $ 1,560,000 $ 390,000 $ 0
Bronx, New York 4 $ 58,230,000 $ 14,557,500 $ 0
New York, New York 4 $ 9,570,000 $ 2,392,500 $ 0
Guilford, North Carolina 4 $ 12,650,000 $ 3,162,500 $ 225,000
Union, North Carolina 4 $ 1,470,000 $ 367,500 $ 0
Jefferson, Ohio 4 $ 410,000 $ 102,500 $ 55,000
Portage, Ohio 4 $ 850,000 $ 212,500 $ 132,000
Philadelphia, Pennsylvania 4 $ 53,820,000 $ 13,455,000 $ 0
Lawrence, South Dakota 4 $ 2,180,000 $ 545,000 $ 0
El Paso, Texas 4 $ 5,770,000 $ 1,442,500 $ 0
Salt Lake, Utah 4 $ 2,980,000 $ 745,000 $ 126,000
Thurston, Washington 4 $ 2,150,000 $ 537,500 $ 0
Etowah, Alabama 3 $ 27,255,000 $ 9,085,000 $ 0
Limestone, Alabama 3 $ 1,065,000 $ 355,000 $ 0
Madison, Alabama 3 $ 17,045,000 $ 5,681,666 $ 0
Morgan, Alabama 3 $ 995,000 $ 331,666 $ 0
Shelby, Alabama 3 $ 745,000 $ 248,333 $ 0
Matanuska-Susitna, Alaska 3 $ 11,065,000 $ 3,688,333 $ 86,000
Coconino, Arizona 3 $ 2,575,000 $ 858,333 $ 2,317,000
Yavapai, Arizona 3 $ 1,935,000 $ 645,000 $ 0
Jefferson, Arkansas 3 $ 15,975,000 $ 5,325,000 $ 0
Marin, California 3 $ 3,185,000 $ 1,061,666 $ 0
Nevada, California 3 $ 2,025,000 $ 675,000 $ 330,000
Santa Clara, California 3 $ 3,625,000 $ 1,208,333 $ 364,000
Sonoma, California 3 $ 2,205,000 $ 735,000 $ 0
Eagle, Colorado 3 $ 3,025,000 $ 1,008,333 $ 118,000
La Plata, Colorado 3 $ 2,425,000 $ 808,333 $ 159,000
Pitkin, Colorado 3 $ 47,625,000 $ 15,875,000 $ 120,000
Routt, Colorado 3 $ 18,665,000 $ 6,221,666 $ 0
Summit, Colorado 3 $ 1,545,000 $ 515,000 $ 0
Marion, Florida 3 $ 765,000 $ 255,000 $ 0
Pasco, Florida 3 $ 1,345,000 $ 448,333 $ 0
Sarasota, Florida 3 $ 6,115,000 $ 2,038,333 $ 419,000
Cherokee, Georgia 3 $ 16,625,000 $ 5,541,666 $ 134,000
DeKalb, Georgia 3 $ 30,415,000 $ 10,138,333 $ 160,000
Glynn, Georgia 3 $ 11,615,000 $ 3,871,666 $ 0
Newton, Georgia 3 $ 1,165,000 $ 388,333 $ 254,000
Monroe, Illinois 3 $ 1,025,000 $ 341,666 $ 106,000
Brown, Indiana 3 $ 1,525,000 $ 508,333 $ 398,000
Lake, Indiana 3 $ 45,695,000 $ 15,231,666 $ 0
Tippecanoe, Indiana 3 $ 65,675,000 $ 21,891,666 $ 0
Vigo, Indiana 3 $ 425,000 $ 141,666 $ 66,000
Fayette, Kentucky 3 $ 2,115,000 $ 705,000 $ 197,000
Orleans, Louisiana 3 $ 925,000 $ 308,333 $ 95,000
Androscoggin, Maine 3 $ 585,000 $ 195,000 $ 0
Waldo, Maine 3 $ 1,015,000 $ 338,333 $ 0
Baltimore City, Maryland 3 $ 615,000 $ 205,000 $ 0
Prince George's, Maryland 3 $ 1,505,000 $ 501,666 $ 0
Genesee, Michigan 3 $ 7,865,000 $ 2,621,666 $ 0
Oakland, Michigan 3 $ 1,295,000 $ 431,666 $ 0
Hennepin, Minnesota 3 $ 5,975,000 $ 1,991,666 $ 256,000
Bergen, New Jersey 3 $ 2,325,000 $ 775,000 $ 0
Union, New Jersey 3 $ 1,375,000 $ 458,333 $ 155,000
Cabarrus, North Carolina 3 $ 5,445,000 $ 1,815,000 $ 0
Catawba, North Carolina 3 $ 44,595,000 $ 14,865,000 $ 0
Forsyth, North Carolina 3 $ 745,000 $ 248,333 $ 0
Transylvania, North Carolina 3 $ 2,475,000 $ 825,000 $ 136,000
Burleigh, North Dakota 3 $ 1,075,000 $ 358,333 $ 0
Clermont, Ohio 3 $ 13,605,000 $ 4,535,000 $ 0
Darke, Ohio 3 $ 275,000 $ 91,666 $ 145,000
Hamilton, Ohio 3 $ 25,635,000 $ 8,545,000 $ 77,000
Licking, Ohio 3 $ 1,675,000 $ 558,333 $ 346,000
Medina, Ohio 3 $ 36,415,000 $ 12,138,333 $ 128,000
Oklahoma, Oklahoma 3 $ 805,000 $ 268,333 $ 0
Umatilla, Oregon 3 $ 895,000 $ 298,333 $ 0
Greenville, South Carolina 3 $ 650,000 $ 216,666 $ 0
Sevier, Tennessee 3 $ 1,425,000 $ 475,000 $ 0
Shelby, Tennessee 3 $ 955,000 $ 318,333 $ 0
Nueces, Texas 3 $ 27,625,000 $ 9,208,333 $ 0
Washington, Utah 3 $ 2,015,000 $ 671,666 $ 0
Loudoun, Virginia 3 $ 2,865,000 $ 955,000 $ 0
Norfolk, Virginia 3 $ 23,865,000 $ 7,955,000 $ 0
Henry, Alabama 2 $ 540,000 $ 270,000 $ 0
Mobile, Alabama 2 $ 11,070,000 $ 5,535,000 $ 0
Tuscaloosa, Alabama 2 $ 31,200,000 $ 15,600,000 $ 0
Gila, Arizona 2 $ 1,330,000 $ 665,000 $ 0
El Dorado, California 2 $ 850,000 $ 425,000 $ 0
Kern, California 2 $ 11,650,000 $ 5,825,000 $ 0
San Francisco, California 2 $ 36,150,000 $ 18,075,000 $ 0
San Mateo, California 2 $ 720,000 $ 360,000 $ 0
Santa Barbara, California 2 $ 1,200,000 $ 600,000 $ 0
Solano, California 2 $ 1,330,000 $ 665,000 $ 0
Stanislaus, California 2 $ 800,000 $ 400,000 $ 0
Clear Creek, Colorado 2 $ 810,000 $ 405,000 $ 0
Garfield, Colorado 2 $ 10,220,000 $ 5,110,000 $ 0
Grand, Colorado 2 $ 1,390,000 $ 695,000 $ 148,000
Fairfield, Connecticut 2 $ 30,010,000 $ 15,005,000 $ 0
Hartford, Connecticut 2 $ 10,790,000 $ 5,395,000 $ 0
New London, Connecticut 2 $ 430,000 $ 215,000 $ 51,000
Windham, Connecticut 2 $ 460,000 $ 230,000 $ 73,000
Alachua, Florida 2 $ 71,500,000 $ 35,750,000 $ 0
Collier, Florida 2 $ 1,110,000 $ 555,000 $ 238,000
Highlands, Florida 2 $ 460,000 $ 230,000 $ 0
Lake, Florida 2 $ 870,000 $ 435,000 $ 234,000
Miami-Dade, Florida 2 $ 62,940,000 $ 31,470,000 $ 0
Okaloosa, Florida 2 $ 17,480,000 $ 8,740,000 $ 0
Osceola, Florida 2 $ 790,000 $ 395,000 $ 141,000
Polk, Florida 2 $ 910,000 $ 455,000 $ 205,000
Walton, Florida 2 $ 930,000 $ 465,000 $ 180,000
Baldwin, Georgia 2 $ 13,190,000 $ 6,595,000 $ 0
Dougherty, Georgia 2 $ 10,220,000 $ 5,110,000 $ 0
Bannock, Idaho 2 $ 640,000 $ 320,000 $ 0
Gem, Idaho 2 $ 2,080,000 $ 1,040,000 $ 187,000
Valley, Idaho 2 $ 1,020,000 $ 510,000 $ 0
Kendall, Illinois 2 $ 350,000 $ 175,000 $ 0
Madison, Illinois 2 $ 370,000 $ 185,000 $ 89,000
Bartholomew, Indiana 2 $ 20,400,000 $ 10,200,000 $ 235,000
Grant, Indiana 2 $ 15,840,000 $ 7,920,000 $ 0
Henry, Indiana 2 $ 4,230,000 $ 2,115,000 $ 0
Jackson, Indiana 2 $ 4,500,000 $ 2,250,000 $ 0
Putnam, Indiana 2 $ 760,000 $ 380,000 $ 140,000
Shelby, Indiana 2 $ 470,000 $ 235,000 $ 130,000
Dallas, Iowa 2 $ 69,700,000 $ 34,850,000 $ 0
Polk, Iowa 2 $ 490,000 $ 245,000 $ 0
Story, Iowa 2 $ 20,060,000 $ 10,030,000 $ 0
Shawnee, Kansas 2 $ 340,000 $ 170,000 $ 0
Campbell, Kentucky 2 $ 580,000 $ 290,000 $ 44,000
Kenton, Kentucky 2 $ 950,000 $ 475,000 $ 223,000
Avoyelles, Louisiana 2 $ 680,000 $ 340,000 $ 0
Catahoula, Louisiana 2 $ 450,000 $ 225,000 $ 139,000
La Salle, Louisiana 2 $ 420,000 $ 210,000 $ 100,000
Baltimore, Maryland 2 $ 570,000 $ 285,000 $ 0
Suffolk, Massachusetts 2 $ 900,000 $ 450,000 $ 105,000
Ramsey, Minnesota 2 $ 430,000 $ 215,000 $ 0
Scott, Minnesota 2 $ 660,000 $ 330,000 $ 0
Franklin, Missouri 2 $ 480,000 $ 240,000 $ 92,000
Platte, Missouri 2 $ 760,000 $ 380,000 $ 0
Gallatin, Montana 2 $ 1,420,000 $ 710,000 $ 0
Missoula, Montana 2 $ 1,550,000 $ 775,000 $ 0
Elko, Nevada 2 $ 1,160,000 $ 580,000 $ 0
Burlington, New Jersey 2 $ 1,180,000 $ 590,000 $ 0
Monmouth, New Jersey 2 $ 34,710,000 $ 17,355,000 $ 0
Bernalillo, New Mexico 2 $ 520,000 $ 260,000 $ 0
Queens, New York 2 $ 93,680,000 $ 46,840,000 $ 0
Ulster, New York 2 $ 13,450,000 $ 6,725,000 $ 0
Johnston, North Carolina 2 $ 830,000 $ 415,000 $ 146,000
Onslow, North Carolina 2 $ 29,330,000 $ 14,665,000 $ 93,000
Rutherford, North Carolina 2 $ 520,000 $ 260,000 $ 137,000
Clark, Ohio 2 $ 230,000 $ 115,000 $ 50,000
Ross, Ohio 2 $ 2,880,000 $ 1,440,000 $ 0
Warren, Ohio 2 $ 530,000 $ 265,000 $ 93,000
Tulsa, Oklahoma 2 $ 760,000 $ 380,000 $ 0
Clackamas, Oregon 2 $ 3,890,000 $ 1,945,000 $ 0
Lane, Oregon 2 $ 730,000 $ 365,000 $ 0
Yamhill, Oregon 2 $ 770,000 $ 385,000 $ 0
Chester, Pennsylvania 2 $ 990,000 $ 495,000 $ 218,000
Erie, Pennsylvania 2 $ 12,500,000 $ 6,250,000 $ 0
Greenwood, South Carolina 2 $ 10,510,000 $ 5,255,000 $ 0
Minnehaha, South Dakota 2 $ 14,150,000 $ 7,075,000 $ 0
Anderson, Tennessee 2 $ 1,280,000 $ 640,000 $ 0
Robertson, Tennessee 2 $ 770,000 $ 385,000 $ 0
Brazos, Texas 2 $ 750,000 $ 375,000 $ 0
Collin, Texas 2 $ 870,000 $ 435,000 $ 0
Fort Bend, Texas 2 $ 1,190,000 $ 595,000 $ 0
Hidalgo, Texas 2 $ 230,000 $ 115,000 $ 0
Lubbock, Texas 2 $ 22,840,000 $ 11,420,000 $ 0
Waller, Texas 2 $ 780,000 $ 390,000 $ 0
Wilson, Texas 2 $ 12,750,000 $ 6,375,000 $ 0
Danville, Virginia 2 $ 11,070,000 $ 5,535,000 $ 0
Newport News, Virginia 2 $ 410,000 $ 205,000 $ 0
Spotsylvania, Virginia 2 $ 760,000 $ 380,000 $ 73,000
Virginia Beach, Virginia 2 $ 1,140,000 $ 570,000 $ 0
Chelan, Washington 2 $ 1,470,000 $ 735,000 $ 0
Whatcom, Washington 2 $ 1,010,000 $ 505,000 $ 0
Hancock, West Virginia 2 $ 310,000 $ 155,000 $ 63,000
Racine, Wisconsin 2 $ 25,250,000 $ 12,625,000 $ 0
Barbour, Alabama 1 $ 195,000 $ 195,000 $ 0
Chambers, Alabama 1 $ 405,000 $ 405,000 $ 0
Coffee, Alabama 1 $ 165,000 $ 165,000 $ 0
Coosa, Alabama 1 $ 505,000 $ 505,000 $ 0
Lawrence, Alabama 1 $ 285,000 $ 285,000 $ 0
Monroe, Alabama 1 $ 2,805,000 $ 2,805,000 $ 0
Tallapoosa, Alabama 1 $ 465,000 $ 465,000 $ 0
Graham, Arizona 1 $ 395,000 $ 395,000 $ 0
Mohave, Arizona 1 $ 465,000 $ 465,000 $ 0
Cleburne, Arkansas 1 $ 295,000 $ 295,000 $ 0
White, Arkansas 1 $ 155,000 $ 155,000 $ 0
Tuolumne, California 1 $ 445,000 $ 445,000 $ 0
Ventura, California 1 $ 555,000 $ 555,000 $ 0
Broomfield, Colorado 1 $ 585,000 $ 585,000 $ 0
Mesa, Colorado 1 $ 355,000 $ 355,000 $ 0
Morgan, Colorado 1 $ 365,000 $ 365,000 $ 0
Pueblo, Colorado 1 $ 415,000 $ 415,000 $ 0
Teller, Colorado 1 $ 355,000 $ 355,000 $ 0
New Haven, Connecticut 1 $ 395,000 $ 395,000 $ 123,000
Tolland, Connecticut 1 $ 285,000 $ 285,000 $ 0
New Castle, Delaware 1 $ 495,000 $ 495,000 $ 0
Bay, Florida 1 $ 485,000 $ 485,000 $ 0
Brevard, Florida 1 $ 425,000 $ 425,000 $ 0
Citrus, Florida 1 $ 395,000 $ 395,000 $ 0
Clay, Florida 1 $ 305,000 $ 305,000 $ 65,000
Flagler, Florida 1 $ 1,645,000 $ 1,645,000 $ 0
Hernando, Florida 1 $ 385,000 $ 385,000 $ 0
Manatee, Florida 1 $ 685,000 $ 685,000 $ 0
Martin, Florida 1 $ 175,000 $ 175,000 $ 0
Monroe, Florida 1 $ 4,505,000 $ 4,505,000 $ 0
Nassau, Florida 1 $ 285,000 $ 285,000 $ 83,000
St. Lucie, Florida 1 $ 705,000 $ 705,000 $ 0
Chatham, Georgia 1 $ 1,755,000 $ 1,755,000 $ 673,000
Forsyth, Georgia 1 $ 405,000 $ 405,000 $ 117,000
Habersham, Georgia 1 $ 125,000 $ 125,000 $ 55,000
Randolph, Georgia 1 $ 2,485,000 $ 2,485,000 $ 0
Thomas, Georgia 1 $ 5,685,000 $ 5,685,000 $ 0
Tift, Georgia 1 $ 23,045,000 $ 23,045,000 $ 0
Maui, Hawaii 1 $ 1,315,000 $ 1,315,000 $ 575,000
Jefferson, Idaho 1 $ 525,000 $ 525,000 $ 0
Kootenai, Idaho 1 $ 1,085,000 $ 1,085,000 $ 354,000
Madison, Idaho 1 $ 315,000 $ 315,000 $ 0
Owyhee, Idaho 1 $ 305,000 $ 305,000 $ 0
Payette, Idaho 1 $ 545,000 $ 545,000 $ 0
Teton, Idaho 1 $ 2,275,000 $ 2,275,000 $ 0
Effingham, Illinois 1 $ 325,000 $ 325,000 $ 130,000
Ford, Illinois 1 $ 105,000 $ 105,000 $ 0
Lake, Illinois 1 $ 295,000 $ 295,000 $ 125,000
Clark, Indiana 1 $ 115,000 $ 115,000 $ 8,000
DeKalb, Indiana 1 $ 305,000 $ 305,000 $ 118,000
Huntington, Indiana 1 $ 1,005,000 $ 1,005,000 $ 555,000
Lawrence, Indiana 1 $ 235,000 $ 235,000 $ 388,000
Martin, Indiana 1 $ 225,000 $ 225,000 $ 91,000
Miami, Indiana 1 $ 115,000 $ 115,000 $ 216,000
Owen, Indiana 1 $ 145,000 $ 145,000 $ 377,000
Rush, Indiana 1 $ 395,000 $ 395,000 $ 104,000
St. Joseph, Indiana 1 $ 16,805,000 $ 16,805,000 $ 0
Tipton, Indiana 1 $ 295,000 $ 295,000 $ 95,000
Wabash, Indiana 1 $ 645,000 $ 645,000 $ 198,000
Warrick, Indiana 1 $ 7,575,000 $ 7,575,000 $ 0
Wells, Indiana 1 $ 195,000 $ 195,000 $ 55,000
Black Hawk, Iowa 1 $ 185,000 $ 185,000 $ 0
Mills, Iowa 1 $ 585,000 $ 585,000 $ 0
Pottawattamie, Iowa 1 $ 95,000 $ 95,000 $ 0
Warren, Iowa 1 $ 13,685,000 $ 13,685,000 $ 0
Butler, Kansas 1 $ 245,000 $ 245,000 $ 70,000
Riley, Kansas 1 $ 225,000 $ 225,000 $ 0
Breckinridge, Kentucky 1 $ 305,000 $ 305,000 $ 298,000
Grayson, Kentucky 1 $ 325,000 $ 325,000 $ 170,000
Jessamine, Kentucky 1 $ 165,000 $ 165,000 $ 99,000
Oldham, Kentucky 1 $ 405,000 $ 405,000 $ 0
Owen, Kentucky 1 $ 175,000 $ 175,000 $ 44,000
Warren, Kentucky 1 $ 155,000 $ 155,000 $ 111,000
Ascension, Louisiana 1 $ 315,000 $ 315,000 $ 0
Caldwell, Louisiana 1 $ 225,000 $ 225,000 $ 110,000
Iberville, Louisiana 1 $ 275,000 $ 275,000 $ 0
Jefferson, Louisiana 1 $ 335,000 $ 335,000 $ 0
Jefferson Davis, Louisiana 1 $ 195,000 $ 195,000 $ 0
Livingston, Louisiana 1 $ 355,000 $ 355,000 $ 0
St. James, Louisiana 1 $ 585,000 $ 585,000 $ 154,000
St. Tammany, Louisiana 1 $ 275,000 $ 275,000 $ 0
Vernon, Louisiana 1 $ 275,000 $ 275,000 $ 0
Knox, Maine 1 $ 225,000 $ 225,000 $ 0
Lincoln, Maine 1 $ 185,000 $ 185,000 $ 0
Oxford, Maine 1 $ 325,000 $ 325,000 $ 0
Somerset, Maine 1 $ 285,000 $ 285,000 $ 0
Anne Arundel, Maryland 1 $ 565,000 $ 565,000 $ 0
Charles, Maryland 1 $ 505,000 $ 505,000 $ 0
Garrett, Maryland 1 $ 955,000 $ 955,000 $ 0
Harford, Maryland 1 $ 465,000 $ 465,000 $ 0
Howard, Maryland 1 $ 765,000 $ 765,000 $ 0
Alpena, Michigan 1 $ 115,000 $ 115,000 $ 0
Calhoun, Michigan 1 $ 355,000 $ 355,000 $ 0
Kalamazoo, Michigan 1 $ 605,000 $ 605,000 $ 0
Livingston, Michigan 1 $ 215,000 $ 215,000 $ 0
Marquette, Michigan 1 $ 395,000 $ 395,000 $ 0
Mecosta, Michigan 1 $ 225,000 $ 225,000 $ 142,000
Muskegon, Michigan 1 $ 385,000 $ 385,000 $ 206,000
Saginaw, Michigan 1 $ 31,745,000 $ 31,745,000 $ 0
Van Buren, Michigan 1 $ 505,000 $ 505,000 $ 458,000
Carver, Minnesota 1 $ 235,000 $ 235,000 $ 0
Crow Wing, Minnesota 1 $ 435,000 $ 435,000 $ 0
Le Sueur, Minnesota 1 $ 265,000 $ 265,000 $ 108,000
Nicollet, Minnesota 1 $ 425,000 $ 425,000 $ 94,000
Benton, Mississippi 1 $ 125,000 $ 125,000 $ 0
Lamar, Mississippi 1 $ 235,000 $ 235,000 $ 0
Boone, Missouri 1 $ 125,000 $ 125,000 $ 202,000
Camden, Missouri 1 $ 155,000 $ 155,000 $ 227,000
Cass, Missouri 1 $ 495,000 $ 495,000 $ 209,000
Gentry, Missouri 1 $ 85,000 $ 85,000 $ 0
Lincoln, Missouri 1 $ 145,000 $ 145,000 $ 43,000
Miller, Missouri 1 $ 325,000 $ 325,000 $ 102,000
Vernon, Missouri 1 $ 245,000 $ 245,000 $ 0
Warren, Missouri 1 $ 245,000 $ 245,000 $ 124,000
Flathead, Montana 1 $ 845,000 $ 845,000 $ 0
Lincoln, Montana 1 $ 345,000 $ 345,000 $ 0
Meagher, Montana 1 $ 275,000 $ 275,000 $ 234,000
Park, Montana 1 $ 645,000 $ 645,000 $ 0
Ravalli, Montana 1 $ 1,005,000 $ 1,005,000 $ 0
Yellowstone, Montana 1 $ 725,000 $ 725,000 $ 0
Cass, Nebraska 1 $ 235,000 $ 235,000 $ 0
Hall, Nebraska 1 $ 205,000 $ 205,000 $ 0
Howard, Nebraska 1 $ 205,000 $ 205,000 $ 0
Sarpy, Nebraska 1 $ 215,000 $ 215,000 $ 0
Saunders, Nebraska 1 $ 1,345,000 $ 1,345,000 $ 0
Douglas, Nevada 1 $ 2,595,000 $ 2,595,000 $ 0
Nye, Nevada 1 $ 315,000 $ 315,000 $ 0
Belknap, New Hampshire 1 $ 205,000 $ 205,000 $ 0
Carroll, New Hampshire 1 $ 405,000 $ 405,000 $ 0
Cheshire, New Hampshire 1 $ 945,000 $ 945,000 $ 0
Hillsborough, New Hampshire 1 $ 415,000 $ 415,000 $ 0
Merrimack, New Hampshire 1 $ 555,000 $ 555,000 $ 0
Strafford, New Hampshire 1 $ 325,000 $ 325,000 $ 0
Atlantic, New Jersey 1 $ 325,000 $ 325,000 $ 0
Morris, New Jersey 1 $ 355,000 $ 355,000 $ 0
Ocean, New Jersey 1 $ 835,000 $ 835,000 $ 0
Passaic, New Jersey 1 $ 305,000 $ 305,000 $ 0
Monroe, New York 1 $ 1,925,000 $ 1,925,000 $ 0
Orange, New York 1 $ 305,000 $ 305,000 $ 0
Suffolk, New York 1 $ 395,000 $ 395,000 $ 0
Brunswick, North Carolina 1 $ 245,000 $ 245,000 $ 16,000
Carteret, North Carolina 1 $ 485,000 $ 485,000 $ 0
Craven, North Carolina 1 $ 205,000 $ 205,000 $ 0
Cumberland, North Carolina 1 $ 155,000 $ 155,000 $ 0
Franklin, North Carolina 1 $ 225,000 $ 225,000 $ 0
Gaston, North Carolina 1 $ 385,000 $ 385,000 $ 0
Harnett, North Carolina 1 $ 245,000 $ 245,000 $ 0
Jackson, North Carolina 1 $ 305,000 $ 305,000 $ 130,000
Moore, North Carolina 1 $ 255,000 $ 255,000 $ 0
New Hanover, North Carolina 1 $ 10,005,000 $ 10,005,000 $ 0
Pender, North Carolina 1 $ 555,000 $ 555,000 $ 0
Robeson, North Carolina 1 $ 5,905,000 $ 5,905,000 $ 0
Cass, North Dakota 1 $ 495,000 $ 495,000 $ 0
Morton, North Dakota 1 $ 285,000 $ 285,000 $ 0
Ward, North Dakota 1 $ 525,000 $ 525,000 $ 0
Belmont, Ohio 1 $ 305,000 $ 305,000 $ 103,000
Clinton, Ohio 1 $ 105,000 $ 105,000 $ 30,000
Fairfield, Ohio 1 $ 195,000 $ 195,000 $ 83,000
Fayette, Ohio 1 $ 475,000 $ 475,000 $ 191,000
Lawrence, Ohio 1 $ 175,000 $ 175,000 $ 47,000
Lorain, Ohio 1 $ 155,000 $ 155,000 $ 97,000
Miami, Ohio 1 $ 165,000 $ 165,000 $ 65,000
Muskingum, Ohio 1 $ 195,000 $ 195,000 $ 67,000
Pickaway, Ohio 1 $ 225,000 $ 225,000 $ 66,000
Wood, Ohio 1 $ 51,405,000 $ 51,405,000 $ 0
Canadian, Oklahoma 1 $ 235,000 $ 235,000 $ 0
Clatsop, Oregon 1 $ 715,000 $ 715,000 $ 0
Jackson, Oregon 1 $ 405,000 $ 405,000 $ 0
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Mortgage Loan Application Detail Totals for Merchants Bank of Indiana in 2022

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 1,484 $3,148,640,000 $2,121,000 $63,105,000 $137,000 $2,184,000
Cash-out Refinancing 1,221 $625,055,000 $511,000 $10,005,000 $200,000 $3,960,000
Refinancing 192 $1,334,635,000 $6,987,000 $80,005,000 $125,000 $710,000
Home Improvement 59 $293,535,000 $4,975,000 $29,405,000 $0 $0
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
Not applicable 1,706 $4,971,835,000 $2,916,000 $80,005,000 $0 $0
White 897 $310,265,000 $345,000 $10,005,000 $162,000 $3,960,000
Not Provided 116 $49,630,000 $427,000 $2,305,000 $208,000 $2,399,000
Asian 105 $32,295,000 $307,000 $1,315,000 $112,000 $575,000
Black or African American 62 $14,690,000 $236,000 $795,000 $101,000 $498,000
Hispanic 62 $20,830,000 $335,000 $1,085,000 $125,000 $502,000
Native Hawaiian or Other Pacific Islander 5 $1,285,000 $257,000 $625,000 $101,000 $192,000
American Indian or Alaskan Native 2 $530,000 $265,000 $285,000 $74,000 $79,000

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) 2,886 $5,383,805,000 $1,866,000 $80,005,000 $159,000 $3,960,000
FHA-insured (Federal Housing Administration) 69 $17,865,000 $258,000 $565,000 $74,000 $141,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $195,000 $195,000 $195,000 $64,000 $64,000
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 Purchased By The Institution 1,411 $787,695,000 $558,000 $4,505,000 $0 $0
Loan Originated 1,306 $4,520,425,000 $3,463,000 $80,005,000 $157,000 $2,399,000
Application Denied By Financial Institution 83 $38,985,000 $469,000 $10,005,000 $107,000 $718,000
Application Withdrawn By Applicant 73 $26,545,000 $363,000 $2,005,000 $233,000 $3,960,000
Application Approved But Not Accepted 72 $24,380,000 $338,000 $2,305,000 $137,000 $873,000
File Closed For Incompleteness 11 $3,835,000 $348,000 $1,255,000 $164,000 $430,000
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 2,873 $5,362,880,000 $1,867,000 $80,005,000 $160,000 $3,960,000
Debt-To-Income Ratio 51 $28,915,000 $566,000 $10,005,000 $92,000 $718,000
Collateral 11 $4,335,000 $394,000 $1,325,000 $131,000 $287,000
Credit History 10 $1,860,000 $186,000 $355,000 $85,000 $158,000
Other 7 $2,415,000 $345,000 $765,000 $221,000 $519,000
Unverifiable Information 2 $880,000 $440,000 $455,000 $105,000 $124,000
Insufficient Cash (Downpayment, Closing Cost) 1 $245,000 $245,000 $245,000 $71,000 $71,000
Credit Application Incomplete 1 $335,000 $335,000 $335,000 $68,000 $68,000
Employment History 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Merchants Bank of Indiana's 2022 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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