Merchants Bank of Indiana Mortgage Lending & HMDA Data, 2016
In 2016, Merchants Bank of Indiana of Carmel, IN reported 852 mortgage applications totaling $427.3 million, up 80% from 2015. The average application was for $501,500, and applicants reported an average income of $144,399. 27% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Indianapolis-Carmel-Anderson, IN (195), Los Angeles-Long Beach-Glendale, CA (118) and Anaheim-Santa Ana-Irvine, CA (89) (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 | 852 |
| Total Mortgage Loan Application Amount | $427,278,000 |
| Average Mortgage Loan Application Amount | $501,500 |
| Highest Mortgage Loan Application Amount | $25,000,000 |
| Average Applicant Income | $144,399 |
| Highest Applicant Income | $2,187,000 |
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records Merchants Bank of Indiana filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Indianapolis-Carmel-Anderson, IN | 195 | $ 80,938,000 | $ 415,066 | $ 146,000 |
| Los Angeles-Long Beach-Glendale, CA | 118 | $ 50,043,000 | $ 424,093 | $ 142,000 |
| Anaheim-Santa Ana-Irvine, CA | 89 | $ 37,604,000 | $ 422,516 | $ 135,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 62 | $ 29,505,000 | $ 475,887 | $ 148,000 |
| Oakland-Hayward-Berkeley, CA | 51 | $ 23,946,000 | $ 469,529 | $ 168,000 |
| San Diego-Carlsbad, CA | 43 | $ 16,772,000 | $ 390,046 | $ 126,000 |
| Riverside-San Bernardino-Ontario, CA | 37 | $ 12,448,000 | $ 336,432 | $ 102,000 |
| Camden, NJ | 14 | $ 3,112,000 | $ 222,285 | $ 150,000 |
| Montgomery County-Bucks County-Chester County, PA | 13 | $ 4,459,000 | $ 343,000 | $ 170,000 |
| Seattle-Bellevue-Everett, WA | 13 | $ 4,226,000 | $ 325,076 | $ 116,000 |
| San Francisco-Redwood City-South San Francisco, CA | 10 | $ 5,078,000 | $ 507,800 | $ 182,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 9 | $ 3,772,000 | $ 419,111 | $ 139,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 9 | $ 2,106,000 | $ 234,000 | $ 66,000 |
| Phoenix-Mesa-Scottsdale, AZ | 8 | $ 2,525,000 | $ 315,625 | $ 111,000 |
| Philadelphia, PA | 7 | $ 1,679,000 | $ 239,857 | $ 98,000 |
| Stockton-Lodi, CA | 7 | $ 2,048,000 | $ 292,571 | $ 92,000 |
| Santa Rosa, CA | 6 | $ 2,184,000 | $ 364,000 | $ 110,000 |
| Baltimore-Columbia-Towson, MD | 5 | $ 1,602,000 | $ 320,400 | $ 160,000 |
| Salisbury, MD-DE | 4 | $ 1,002,000 | $ 250,500 | $ 151,000 |
| Vallejo-Fairfield, CA | 4 | $ 1,345,000 | $ 336,250 | $ 119,000 |
| Atlantic City-Hammonton, NJ | 3 | $ 701,000 | $ 233,666 | $ 229,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 3 | $ 853,000 | $ 284,333 | $ 147,666 |
| Salinas, CA | 3 | $ 865,000 | $ 288,333 | $ 107,000 |
| Cambridge-Newton-Framingham, MA | 2 | $ 528,000 | $ 264,000 | $ 127,000 |
| Chicago-Naperville-Arlington Heights, IL | 2 | $ 313,000 | $ 156,500 | $ 79,000 |
| Cincinnati, OH-KY-IN | 2 | $ 199,000 | $ 99,500 | $ 147,500 |
| Denver-Aurora-Lakewood, CO | 2 | $ 579,000 | $ 289,500 | $ 99,000 |
| Durham-Chapel Hill, NC | 2 | $ 14,870,000 | $ 7,435,000 | $ 0 |
| Fort Wayne, IN | 2 | $ 350,000 | $ 175,000 | $ 157,000 |
| Harrisburg-Carlisle, PA | 2 | $ 507,000 | $ 253,500 | $ 84,000 |
| Kansas City, MO-KS | 2 | $ 1,321,000 | $ 660,500 | $ 63,500 |
| Lancaster, PA | 2 | $ 395,000 | $ 197,500 | $ 83,000 |
| New York-Jersey City-White Plains, NY-NJ | 2 | $ 590,000 | $ 295,000 | $ 228,000 |
| North Port-Sarasota-Bradenton, FL | 2 | $ 564,000 | $ 282,000 | $ 205,000 |
| Reading, PA | 2 | $ 319,000 | $ 159,500 | $ 70,000 |
| Tacoma-Lakewood, WA | 2 | $ 473,000 | $ 236,500 | $ 86,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 717,000 | $ 358,500 | $ 149,000 |
| Terre Haute, IN | 2 | $ 536,000 | $ 268,000 | $ 245,000 |
| Wilmington, DE-MD-NJ | 2 | $ 608,000 | $ 304,000 | $ 114,500 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 221,000 | $ 221,000 | $ 94,000 |
| Atlanta-Sandy Springs-Roswell, GA | 1 | $ 6,700,000 | $ 6,700,000 | $ 0 |
| Bakersfield, CA | 1 | $ 132,000 | $ 132,000 | $ 99,000 |
| Bloomington, IN | 1 | $ 9,400,000 | $ 9,400,000 | $ 0 |
| Boulder, CO | 1 | $ 344,000 | $ 344,000 | $ 73,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 90,000 | $ 90,000 | $ 39,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 4,987,000 | $ 4,987,000 | $ 0 |
| Columbus, IN | 1 | $ 19,900,000 | $ 19,900,000 | $ 0 |
| Elgin, IL | 1 | $ 277,000 | $ 277,000 | $ 122,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 226,000 | $ 226,000 | $ 83,000 |
| Gainesville, FL | 1 | $ 236,000 | $ 236,000 | $ 87,000 |
| Houston-The Woodlands-Sugar Land, TX | 1 | $ 406,000 | $ 406,000 | $ 191,000 |
| Iowa City, IA | 1 | $ 230,000 | $ 230,000 | $ 97,000 |
| Kalamazoo-Portage, MI | 1 | $ 436,000 | $ 436,000 | $ 360,000 |
| Lafayette-West Lafayette, IN | 1 | $ 6,240,000 | $ 6,240,000 | $ 0 |
| Madera, CA | 1 | $ 227,000 | $ 227,000 | $ 157,000 |
| Medford, OR | 1 | $ 345,000 | $ 345,000 | $ 146,000 |
| Muncie, IN | 1 | $ 200,000 | $ 200,000 | $ 203,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 675,000 | $ 675,000 | $ 194,000 |
| New Orleans-Metairie, LA | 1 | $ 113,000 | $ 113,000 | $ 52,000 |
| Newark, NJ-PA | 1 | $ 322,000 | $ 322,000 | $ 123,000 |
| Ocean City, NJ | 1 | $ 264,000 | $ 264,000 | $ 96,000 |
| Pittsburgh, PA | 1 | $ 119,000 | $ 119,000 | $ 94,000 |
| Punta Gorda, FL | 1 | $ 257,000 | $ 257,000 | $ 88,000 |
| Richmond, VA | 1 | $ 175,000 | $ 175,000 | $ 30,000 |
| San Antonio-New Braunfels, TX | 1 | $ 18,631,000 | $ 18,631,000 | $ 0 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 1 | $ 287,000 | $ 287,000 | $ 147,000 |
| San Rafael, CA | 1 | $ 492,000 | $ 492,000 | $ 251,000 |
| Santa Maria-Santa Barbara, CA | 1 | $ 479,000 | $ 479,000 | $ 180,000 |
| Savannah, GA | 1 | $ 1,280,000 | $ 1,280,000 | $ 836,000 |
| Springfield, MA | 1 | $ 258,000 | $ 258,000 | $ 70,000 |
| Toledo, OH | 1 | $ 158,000 | $ 158,000 | $ 120,000 |
| Tucson, AZ | 1 | $ 403,000 | $ 403,000 | $ 118,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 245,000 | $ 245,000 | $ 108,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 409,000 | $ 409,000 | $ 152,000 |
| York-Hanover, PA | 1 | $ 181,000 | $ 181,000 | $ 52,000 |
Mortgage Loan Application Detail Totals for Merchants Bank of Indiana in 2016
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 | 574 | $213,757,000 | $372,000 | $1,784,000 | $145,000 | $1,675,000 |
| Home Purchase | 268 | $208,596,000 | $778,000 | $25,000,000 | $146,000 | $2,187,000 |
| Home Improvement | 10 | $4,925,000 | $492,000 | $1,950,000 | $67,000 | $246,000 |
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 | 437 | $127,809,000 | $292,000 | $1,784,000 | $161,000 | $2,187,000 |
| Asian | 275 | $120,374,000 | $437,000 | $717,000 | $143,000 | $1,073,000 |
| Not Provided | 50 | $15,805,000 | $316,000 | $625,000 | $131,000 | $348,000 |
| Hispanic | 39 | $12,998,000 | $333,000 | $675,000 | $100,000 | $244,000 |
| Not applicable | 30 | $142,949,000 | $4,764,000 | $25,000,000 | $0 | $0 |
| Black or African American | 14 | $4,285,000 | $306,000 | $650,000 | $126,000 | $267,000 |
| Native Hawaiin or Other Pacific Islander | 4 | $1,801,000 | $450,000 | $550,000 | $183,000 | $297,000 |
| American Indian or Alaskan Native | 3 | $1,257,000 | $419,000 | $470,000 | $147,000 | $229,000 |
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) | 820 | $418,547,000 | $510,000 | $25,000,000 | $143,000 | $2,187,000 |
| FHA-insured (Federal Housing Administration) | 19 | $2,693,000 | $141,000 | $228,000 | $43,000 | $96,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 13 | $6,038,000 | $464,000 | $980,000 | $389,000 | $1,675,000 |
| 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 | 554 | $217,669,000 | $392,000 | $765,000 | $136,000 | $1,073,000 |
| Loan Originated | 226 | $192,685,000 | $852,000 | $25,000,000 | $150,000 | $2,187,000 |
| Application Withdrawn By Applicant | 34 | $7,106,000 | $209,000 | $540,000 | $215,000 | $1,196,000 |
| Application Denied By Financial Institution | 28 | $6,450,000 | $230,000 | $700,000 | $92,000 | $288,000 |
| Application Approved But Not Accepted | 7 | $2,580,000 | $368,000 | $850,000 | $504,000 | $1,675,000 |
| File Closed For Incompleteness | 3 | $788,000 | $262,000 | $383,000 | $162,000 | $263,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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 2016 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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